2018 Q3 Form 10-Q Financial Statement
#000162828018011684 Filed on September 07, 2018
Income Statement
Concept | 2018 Q3 | 2017 Q4 | 2017 Q3 |
---|---|---|---|
Revenue | $1.624B | $1.498B | $1.318B |
YoY Change | 23.2% | 13.28% | 1.66% |
Cost Of Revenue | $1.447B | $1.337B | $1.185B |
YoY Change | 22.14% | 13.49% | 2.0% |
Gross Profit | $177.6M | $160.9M | $134.0M |
YoY Change | 32.54% | 7.99% | -1.18% |
Gross Profit Margin | 10.93% | 10.74% | 10.16% |
Selling, General & Admin | $110.0M | $137.4M | $101.3M |
YoY Change | 8.59% | 44.63% | -6.2% |
% of Gross Profit | 61.94% | 85.39% | 75.6% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $28.60M | $26.70M | $14.90M |
YoY Change | 91.95% | 85.42% | 7.19% |
% of Gross Profit | 16.1% | 16.59% | 11.12% |
Operating Expenses | $110.0M | $151.5M | $101.3M |
YoY Change | 8.59% | 49.7% | -6.2% |
Operating Profit | $48.10M | $9.400M | $22.60M |
YoY Change | 112.83% | -80.33% | 22.16% |
Interest Expense | $12.90M | -$9.500M | $2.800M |
YoY Change | 360.71% | 2275.0% | 7.69% |
% of Operating Profit | 26.82% | -101.06% | 12.39% |
Other Income/Expense, Net | -$100.0K | ||
YoY Change | |||
Pretax Income | $36.10M | -$5.000M | $21.00M |
YoY Change | 71.9% | -148.54% | 16.67% |
Income Tax | $2.400M | -$2.500M | -$11.90M |
% Of Pretax Income | 6.65% | -56.67% | |
Net Earnings | $33.60M | -$3.600M | $32.90M |
YoY Change | 2.13% | -146.15% | 5.79% |
Net Earnings / Revenue | 2.07% | -0.24% | 2.5% |
Basic Earnings Per Share | $0.51 | -$0.06 | $0.59 |
Diluted Earnings Per Share | $0.51 | -$0.06 | $0.58 |
COMMON SHARES | |||
Basic Shares Outstanding | 66.10M shares | 65.51M shares | 56.10M shares |
Diluted Shares Outstanding | 66.30M shares | 56.60M shares |
Balance Sheet
Concept | 2018 Q3 | 2017 Q4 | 2017 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $46.00M | $62.80M | $47.70M |
YoY Change | -3.56% | 17.38% | -7.56% |
Cash & Equivalents | $46.00M | $62.80M | $47.70M |
Short-Term Investments | |||
Other Short-Term Assets | $38.20M | $32.80M | $31.30M |
YoY Change | 22.04% | 9.33% | 13.41% |
Inventory | |||
Prepaid Expenses | $110.4M | $101.8M | $94.70M |
Receivables | $1.046B | $1.038B | $875.3M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.241B | $1.236B | $1.049B |
YoY Change | 18.27% | 24.63% | 10.89% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $142.8M | $143.1M | $100.9M |
YoY Change | 41.53% | 74.94% | 31.38% |
Goodwill | $1.864B | $1.864B | $926.9M |
YoY Change | 101.13% | 104.23% | 1.79% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $17.40M | $9.300M | $16.30M |
YoY Change | 6.75% | -45.61% | -44.93% |
Other Assets | $105.8M | $122.1M | $111.6M |
YoY Change | -5.2% | -9.08% | -15.58% |
Total Long-Term Assets | $2.500B | $2.577B | $1.304B |
YoY Change | 91.72% | 100.16% | 0.81% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.241B | $1.236B | $1.049B |
Total Long-Term Assets | $2.500B | $2.577B | $1.304B |
Total Assets | $3.740B | $3.813B | $2.353B |
YoY Change | 58.97% | 67.31% | 5.07% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $224.8M | $230.8M | $202.5M |
YoY Change | 11.01% | 32.42% | 14.08% |
Accrued Expenses | $397.1M | $384.2M | $318.1M |
YoY Change | 24.83% | 25.07% | 0.35% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $27.00M | $16.90M | |
YoY Change | |||
Total Short-Term Liabilities | $769.8M | $757.8M | $690.1M |
YoY Change | 11.55% | 26.98% | 17.36% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $998.4M | $1.161B | $264.7M |
YoY Change | 277.18% | 332.84% | 18.01% |
Other Long-Term Liabilities | $60.20M | $61.30M | $55.20M |
YoY Change | 9.06% | -13.9% | -15.47% |
Total Long-Term Liabilities | $1.059B | $1.223B | $55.20M |
YoY Change | 1817.75% | 260.12% | -15.47% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $769.8M | $757.8M | $690.1M |
Total Long-Term Liabilities | $1.059B | $1.223B | $55.20M |
Total Liabilities | $2.284B | $2.437B | $1.384B |
YoY Change | 64.99% | 86.76% | 11.5% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $773.2M | $720.1M | $734.9M |
YoY Change | 5.21% | -4.8% | -3.03% |
Common Stock | $689.0M | $675.9M | $254.2M |
YoY Change | 171.05% | 171.23% | -3.2% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.456B | $1.376B | $968.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.740B | $3.813B | $2.353B |
YoY Change | 58.97% | 67.31% | 5.07% |
Cashflow Statement
Concept | 2018 Q3 | 2017 Q4 | 2017 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $33.60M | -$3.600M | $32.90M |
YoY Change | 2.13% | -146.15% | 5.79% |
Depreciation, Depletion And Amortization | $28.60M | $26.70M | $14.90M |
YoY Change | 91.95% | 85.42% | 7.19% |
Cash From Operating Activities | $74.20M | -$19.70M | -$22.80M |
YoY Change | -425.44% | -285.85% | -234.91% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$15.20M | -$15.00M | -$14.40M |
YoY Change | 5.56% | -9.64% | 23.08% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $3.300M | -$832.9M | $36.50M |
YoY Change | -90.96% | 6671.54% | 18150.0% |
Cash From Investing Activities | -$11.90M | -$847.9M | $22.10M |
YoY Change | -153.85% | 2833.91% | -292.17% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -85.00M | 882.7M | -8.200M |
YoY Change | 936.59% | 3656.17% | -1740.0% |
NET CHANGE | |||
Cash From Operating Activities | 74.20M | -19.70M | -22.80M |
Cash From Investing Activities | -11.90M | -847.9M | 22.10M |
Cash From Financing Activities | -85.00M | 882.7M | -8.200M |
Net Change In Cash | -22.70M | 15.10M | -8.900M |
YoY Change | 155.06% | 190.38% | -250.85% |
FREE CASH FLOW | |||
Cash From Operating Activities | $74.20M | -$19.70M | -$22.80M |
Capital Expenditures | -$15.20M | -$15.00M | -$14.40M |
Free Cash Flow | $89.40M | -$4.700M | -$8.400M |
YoY Change | -1164.29% | -117.28% | -129.37% |
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CommonStockDividendsPerShareDeclared
|
0.175 | |
CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2018Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
65502568 | shares |
CY2018Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
65833297 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
65502568 | shares |
CY2018Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
65833297 | shares |
CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
700000 | USD |
CY2018Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
700000 | USD |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
36300000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
18600000 | USD | |
CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
26200000 | USD |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
102600000 | USD | |
CY2017Q3 | us-gaap |
Cost Of Services
CostOfServices
|
1184500000 | USD |
us-gaap |
Cost Of Services
CostOfServices
|
3544100000 | USD | |
CY2018Q3 | us-gaap |
Cost Of Services
CostOfServices
|
1446700000 | USD |
us-gaap |
Cost Of Services
CostOfServices
|
4281800000 | USD | |
CY2018Q1 | us-gaap |
Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
|
20000000 | USD |
CY2017Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
3100000 | USD |
CY2018Q3 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
3000000 | USD |
CY2017Q4 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
9900000 | USD |
CY2018Q3 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
7700000 | USD |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
8900000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-19500000 | USD | |
CY2017Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
57300000 | USD |
CY2018Q3 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
43500000 | USD |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
43400000 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
86100000 | USD | |
CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.59 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.13 | ||
CY2018Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.51 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.33 | ||
CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.58 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.13 | ||
CY2018Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.51 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.33 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
1500000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-200000 | USD | |
CY2017Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
159900000 | USD |
CY2018Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
170600000 | USD |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
2700000 | USD | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2500000 | USD | |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
3100000 | USD | |
CY2018Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1600000 | USD |
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
5700000 | USD | |
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
100000 | USD | |
CY2018Q3 | us-gaap |
Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
|
0.33 | |
CY2017Q4 | us-gaap |
Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
|
73100000 | USD |
CY2018Q3 | us-gaap |
Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
|
73800000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
189100000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
238400000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
430100000 | USD |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
369600000 | USD |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
2400000 | USD | |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-500000 | USD | |
CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
1864200000 | USD |
CY2018Q3 | us-gaap |
Goodwill
Goodwill
|
1864300000 | USD |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
32900000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
80600000 | USD | |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
33700000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
87100000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
21000000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
91900000 | USD | |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
36100000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
74400000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.59 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.44 | ||
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.51 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.32 | ||
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.58 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.42 | ||
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.51 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.31 | ||
CY2017Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | USD |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-73200000 | USD | |
CY2018Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-100000 | USD |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
1000000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.00 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-1.31 | ||
CY2018Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.00 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.02 | ||
CY2017Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.00 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-1.29 | ||
CY2018Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.00 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.02 | ||
CY2017Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1200000 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3600000 | USD | |
CY2018Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1000000 | USD |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-11900000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11300000 | USD | |
CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2400000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-12700000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
15600000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
9000000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
69500000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
12600000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-7700000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-5000000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
8300000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-14500000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
7600000 | USD | |
us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-1000000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
14900000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
7100000 | USD | |
us-gaap |
Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
|
32500000 | USD | |
us-gaap |
Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
|
12700000 | USD | |
CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
2800000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
9100000 | USD | |
CY2018Q3 | us-gaap |
Interest Expense
InterestExpense
|
12900000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
41000000 | USD | |
CY2018Q3 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
|
1600000 | USD |
CY2018Q3 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
155500000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
2436900000 | USD |
CY2018Q3 | us-gaap |
Liabilities
Liabilities
|
2283900000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3812600000 | USD |
CY2018Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3740400000 | USD |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
757800000 | USD |
CY2018Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
769800000 | USD |
CY2018Q3 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
477300000 | USD |
CY2018Q3 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
3800000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
16900000 | USD |
CY2018Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
27000000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1161300000 | USD |
CY2018Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
998400000 | USD |
CY2017Q4 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
391200000 | USD |
CY2018Q3 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
256100000 | USD |
CY2017Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
770100000 | USD |
CY2018Q3 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
742300000 | USD |
CY2018Q3 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
11700000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-8700000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-187700000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-23900000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-36300000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
25300000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
207400000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
82600000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
206400000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
32900000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
7400000 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
33600000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
88100000 | USD | |
CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
22600000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
97400000 | USD | |
CY2018Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
48100000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
112900000 | USD | |
CY2017Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
171800000 | USD |
CY2018Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
162700000 | USD |
CY2017Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
32800000 | USD |
CY2018Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
38200000 | USD |
CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
122100000 | USD |
CY2018Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
105800000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
3600000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
9800000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-6500000 | USD |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-1500000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-100000 | USD |
us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
900000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-300000 | USD |
us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
5900000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-300000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
2300000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-1200000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
22000000 | USD | |
CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
61300000 | USD |
CY2018Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
60200000 | USD |
CY2017Q4 | us-gaap |
Other Long Term Investments
OtherLongTermInvestments
|
17600000 | USD |
CY2018Q3 | us-gaap |
Other Long Term Investments
OtherLongTermInvestments
|
17400000 | USD |
us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
3800000 | USD | |
us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
0 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
7900000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD | |
us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
21000000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
28400000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
34500000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
100000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
18600000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
0 | USD | |
us-gaap |
Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
|
6800000 | USD | |
us-gaap |
Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
|
3500000 | USD | |
us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
600000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
42200000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
37300000 | USD | |
CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | shares |
CY2018Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2018Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
101800000 | USD |
CY2018Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
110400000 | USD |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
671000000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
887000000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
0 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
2900000 | USD | |
us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
26500000 | USD | |
us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
1100000 | USD | |
us-gaap |
Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
|
1400000 | USD | |
us-gaap |
Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
|
700000 | USD | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
143100000 | USD |
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
142800000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
2700000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
4500000 | USD | |
CY2017Q3 | us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
85800000 | USD |
us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
243800000 | USD | |
CY2018Q3 | us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
93500000 | USD |
us-gaap |
Reimbursement Revenue
ReimbursementRevenue
|
282900000 | USD | |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
300000 | USD | |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
2300000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
674600000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1042100000 | USD | |
CY2018Q3 | us-gaap |
Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
|
86700000 | USD |
CY2017Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
5200000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
16000000 | USD | |
CY2018Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
2900000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
22500000 | USD | |
CY2017Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
8400000 | USD |
CY2018Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
8800000 | USD |
us-gaap |
Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
|
-1100000 | USD | |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
720100000 | USD |
CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
773200000 | USD |
CY2017Q3 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
1318400000 | USD |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
3955600000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
10300000 | USD | |
CY2018Q3 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
1624300000 | USD |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
4793500000 | USD | |
CY2017Q4 | us-gaap |
Self Insurance Reserve Current
SelfInsuranceReserveCurrent
|
112500000 | USD |
CY2018Q3 | us-gaap |
Self Insurance Reserve Current
SelfInsuranceReserveCurrent
|
115700000 | USD |
CY2017Q4 | us-gaap |
Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
|
382900000 | USD |
CY2018Q3 | us-gaap |
Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
|
393600000 | USD |
CY2017Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
101300000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
299200000 | USD | |
CY2018Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
110000000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
326800000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
13100000 | USD | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1375700000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1456400000 | USD |
CY2017Q3 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
1200000 | USD |
us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
1200000 | USD | |
CY2018Q3 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
700000 | USD |
us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
|
600000 | USD | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
56600000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
56600000 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
66300000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
66300000 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
56100000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
56000000 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
66100000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
66000000 | shares | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"></font><font style="font-family:Arial;font-size:10pt;color:#0046ad;font-weight:bold;">THE COMPANY AND NATURE OF OPERATIONS</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.90167158308752%;border-collapse:collapse;text-align:left;"><tr><td colspan="2" rowspan="1"></td></tr><tr><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:97%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #e98300;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #e98300;" rowspan="1" colspan="1"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table></div></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">ABM Industries Incorporated, which operates through its subsidiaries (collectively referred to as “ABM,” “we,” “us,” “our,” or the “Company”), is a leading provider of integrated facility services with a mission to </font><font style="font-family:Arial;font-size:10pt;color:#006ebf;font-weight:bold;">make a difference, every person, every day</font><font style="font-family:Arial;font-size:10pt;">. We are organized into </font><font style="font-family:Arial;font-size:10pt;">five</font><font style="font-family:Arial;font-size:10pt;"> industry groups and </font><font style="font-family:Arial;font-size:10pt;">one</font><font style="font-family:Arial;font-size:10pt;"> Technical Solutions segment:</font></div><div style="line-height:120%;padding-top:12px;text-align:center;"><img src="fy2018industrygroupsa02.jpg" alt="fy2018industrygroupsa02.jpg" style="height:93px;width:678px;"></img></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Through these groups, we offer janitorial, facilities engineering, parking, and specialized mechanical and electrical technical solutions, on a standalone basis or in combination with other services.</font></div></div> | ||
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Effective November 1, 2017, we made changes to our operating structure as a result of the GCA acquisition. To reflect these changes, certain prior year amounts, including operating segment data, have been reclassified to conform with our fiscal 2018 presentation. These changes had no impact on our previously reported consolidated balance sheets, statements of comprehensive income (loss), or statements of cash flows. See Note </font><font style="font-family:Arial;font-size:10pt;">12</font><font style="font-family:Arial;font-size:10pt;">, “Segment Information,” for further details.</font></div></div> |