2013 Q2 Form 10-K Financial Statement

#000010956314000034 Filed on August 22, 2014

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2 2012
Revenue $640.5M $620.0M $18.10M
YoY Change 3.31% 5.1% 2.45%
Cost Of Revenue $459.4M $447.3M $1.721B
YoY Change 2.71% 6.32% 7.58%
Gross Profit $181.1M $172.7M $654.5M
YoY Change 4.86% 2.13% 6.75%
Gross Profit Margin 28.27% 27.85% 3616.47%
Selling, General & Admin $133.1M $122.9M $486.1M
YoY Change 8.3% -1.29% 5.13%
% of Gross Profit 73.5% 71.16% 74.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.800M $5.800M $11.24M
YoY Change 17.24% 3.57% 0.02%
% of Gross Profit 3.75% 3.36% 1.72%
Operating Expenses $133.0M $122.9M $486.1M
YoY Change 8.22% -1.29% 5.13%
Operating Profit $48.10M $49.80M $168.4M
YoY Change -3.41% 11.66% 11.7%
Interest Expense -$400.0K -$600.0K $457.0K
YoY Change -33.33% -250.0% -78.04%
% of Operating Profit -0.83% -1.2% 0.27%
Other Income/Expense, Net -$100.0K -$100.0K -$1.578M
YoY Change 0.0% -141.6%
Pretax Income $47.50M $49.10M $137.7M
YoY Change -3.26% 9.11% 7.92%
Income Tax $15.30M $17.10M $58.05M
% Of Pretax Income 32.21% 34.83% 42.16%
Net Earnings $32.30M $32.00M $108.8M
YoY Change 0.94% 13.07% 12.42%
Net Earnings / Revenue 5.04% 5.16% 601.09%
Basic Earnings Per Share $2.58
Diluted Earnings Per Share $758.2K $749.4K $2.54
COMMON SHARES
Basic Shares Outstanding 42.14M shares 42.20M shares 42.14M shares
Diluted Shares Outstanding 42.82M shares

Balance Sheet

Concept 2013 Q2 2012 Q2 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.20M $78.40M $78.40M
YoY Change -6.63% -13.94% -13.94%
Cash & Equivalents $73.16M $78.44M $78.40M
Short-Term Investments
Other Short-Term Assets $52.82M $51.77M $51.80M
YoY Change 2.02% 56.86% 56.97%
Inventory $281.4M $228.5M $228.5M
Prepaid Expenses
Receivables $329.9M $307.0M $307.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $737.3M $665.8M $665.8M
YoY Change 10.74% 7.57% 7.58%
LONG-TERM ASSETS
Property, Plant & Equipment $83.24M $83.10M $83.10M
YoY Change 0.17% 20.41% 20.43%
Goodwill $106.8M $83.08M
YoY Change 28.61% 7.92%
Intangibles $91.27M $84.84M
YoY Change 7.58% -5.26%
Long-Term Investments
YoY Change
Other Assets $19.04M $18.97M $45.40M
YoY Change 0.35% 11.45% -24.96%
Total Long-Term Assets $321.4M $296.4M $296.4M
YoY Change 8.44% 0.14% 0.14%
TOTAL ASSETS
Total Short-Term Assets $737.3M $665.8M $665.8M
Total Long-Term Assets $321.4M $296.4M $296.4M
Total Assets $1.059B $962.2M $962.2M
YoY Change 10.03% 5.16% 5.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $136.6M $120.9M $120.9M
YoY Change 12.97% 11.41% 11.43%
Accrued Expenses $63.90M $63.10M $63.10M
YoY Change 1.27% -3.52% -3.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $245.9M $230.2M $230.2M
YoY Change 6.83% 7.21% 7.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $22.27M $20.13M $59.90M
YoY Change 10.62% 6.24% -10.19%
Total Long-Term Liabilities $22.27M $20.13M $59.90M
YoY Change 10.62% 6.24% -10.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $245.9M $230.2M $230.2M
Total Long-Term Liabilities $22.27M $20.13M $59.90M
Total Liabilities $299.1M $290.1M $290.1M
YoY Change 3.12% 3.09% 3.09%
SHAREHOLDERS EQUITY
Retained Earnings $824.4M $743.4M
YoY Change 10.9% 11.21%
Common Stock $163.9M $160.1M
YoY Change 2.39% 1.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $225.2M $226.7M
YoY Change -0.67% 14.38%
Treasury Stock Shares 12.04M shares 12.25M shares
Shareholders Equity $759.6M $672.1M $672.1M
YoY Change
Total Liabilities & Shareholders Equity $1.059B $962.2M $962.2M
YoY Change 10.03% 5.16% 5.17%

Cashflow Statement

Concept 2013 Q2 2012 Q2 2012
OPERATING ACTIVITIES
Net Income $32.30M $32.00M $108.8M
YoY Change 0.94% 13.07% 12.42%
Depreciation, Depletion And Amortization $6.800M $5.800M $11.24M
YoY Change 17.24% 3.57% 0.02%
Cash From Operating Activities $42.30M $28.40M $90.42M
YoY Change 48.94% 121.88% 17.67%
INVESTING ACTIVITIES
Capital Expenditures -$2.400M -$7.700M -$26.00M
YoY Change -68.83% 92.5% 27.45%
Acquisitions $14.67M
YoY Change -51.9%
Other Investing Activities $300.0K -$300.0K -$13.40M
YoY Change -200.0% -88.46% -51.27%
Cash From Investing Activities -$2.100M -$8.000M -$39.43M
YoY Change -73.75% 23.08% -17.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $31.03M
YoY Change 409.98%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities -9.200M -19.50M -$60.82M
YoY Change -52.82% 353.49% -47.81%
NET CHANGE
Cash From Operating Activities 42.30M 28.40M $90.42M
Cash From Investing Activities -2.100M -8.000M -$39.43M
Cash From Financing Activities -9.200M -19.50M -$60.82M
Net Change In Cash 31.00M 900.0K -$9.828M
YoY Change 3344.44% -55.0% -88.78%
FREE CASH FLOW
Cash From Operating Activities $42.30M $28.40M $90.42M
Capital Expenditures -$2.400M -$7.700M -$26.00M
Free Cash Flow $44.70M $36.10M $116.4M
YoY Change 23.82% 114.88% 19.72%

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EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2822000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
175000 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
-0.005
CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
-0.005
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
-0.005
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.026
CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Frutiger Roman,sans-serif;font-size:11pt;color:#76787a;">New Accounting Pronouncements</font></div><div style="line-height:120%;text-align:left;padding-left:18px;font-size:10pt;"><font style="font-family:Frutiger LT 45,sans-serif;font-size:10pt;">In May 2014, the FASB issued its final standard on the recognition of revenue from contracts with customers. <br clear="none"/>The standard, issued as Accounting Standards Update (ASU) 2014-09, outlines a single comprehensive model for entities to use in the accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry specific guidance. The core principle of this model is that "an entity recognizes revenue to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services." The update is effective for financial statement periods beginning after December 15, 2016, with early adoption prohibited. The Company has not determined the impact of this pronouncement on its financial statements and related disclosures.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:18px;font-size:10pt;"><font style="font-family:Frutiger LT 45,sans-serif;font-size:10pt;">In June 2014, the FASB issued its final standard on accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period. The standard, issued as (ASU) 2014-12, clarifies that a performance target that affects vesting and that can be achieved after the requisite period service period, should be treated as a performance condition. The update is effective for financial statement periods beginning after December 15, 2015, with early adoption permitted. The Company has not determined the impact of this pronouncement on its financial statements and related disclosures.</font></div></div>
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
40410000 USD
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
37194000 USD
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
33800000 USD
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.69
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.81
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.58
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.67
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.78
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.54
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.018
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.023
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.006
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.010
CY2013Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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56453000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
20100000 USD
CY2012 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1298000 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.004
CY2013 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.000
CY2014 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
-0.016
CY2012 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.000
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.023
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.024
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.025
CY2014Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
55760000 USD
CY2013Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
63899000 USD
CY2014Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
7639000 USD
CY2014 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y11M
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
1462000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
1675000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
2725000 USD
CY2014Q2 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
-151413000 USD
CY2013Q2 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
-145708000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2566000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2674000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3695000 USD
CY2014Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
363692000 USD
CY2013Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
323642000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
66567000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
14000000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
15500000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
17400000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
18700000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
226075000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
147720000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
159508000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
91267000 USD
CY2014 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
82585000 USD
CY2013 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
143000 USD
CY2014 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-801000 USD
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1592000 USD
CY2013 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
1410000 USD
CY2014 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-204000 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
321000 USD
CY2012 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
627000 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
53000 USD
CY2014Q2 us-gaap Goodwill
Goodwill
193494000 USD
CY2013Q2 us-gaap Goodwill
Goodwill
106849000 USD
CY2012Q2 us-gaap Goodwill
Goodwill
83080000 USD
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
24324000 USD
CY2014 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
84798000 USD
CY2013 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-555000 USD
CY2014 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
1847000 USD
CY2013 us-gaap Gross Profit
GrossProfit
682962000 USD
CY2012 us-gaap Gross Profit
GrossProfit
654472000 USD
CY2014 us-gaap Gross Profit
GrossProfit
686926000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
147980000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
137667000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
153546000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
29159000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
24119000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
18282000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
166826000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
177665000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
166262000 USD
CY2014Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
449000 USD
CY2013Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
433000 USD
CY2014 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
16000 USD
CY2012 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
-95000 USD
CY2013 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
3000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
58047000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53441000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
59516000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
51816000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
53463000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
51548000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
14157000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
12206000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
21369000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
22748000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
29089000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15721000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
28511000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
26745000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
29171000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7857000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-17966000 USD
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
14735000 USD
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-9098000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-12370000 USD
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-11086000 USD
CY2014Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
159508000 USD
CY2013Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
91267000 USD
CY2013 us-gaap Interest Expense
InterestExpense
621000 USD
CY2012 us-gaap Interest Expense
InterestExpense
457000 USD
CY2014 us-gaap Interest Expense
InterestExpense
900000 USD
CY2013 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-165000 USD
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9000 USD
CY2014 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-249000 USD
CY2012 us-gaap Interest Paid
InterestPaid
672000 USD
CY2014 us-gaap Interest Paid
InterestPaid
1026000 USD
CY2013 us-gaap Interest Paid
InterestPaid
501000 USD
CY2014Q2 us-gaap Inventory Gross
InventoryGross
487160000 USD
CY2013Q2 us-gaap Inventory Gross
InventoryGross
427125000 USD
CY2013Q2 us-gaap Inventory Net
InventoryNet
281417000 USD
CY2014Q2 us-gaap Inventory Net
InventoryNet
335747000 USD
CY2014 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
651000 USD
CY2013 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
456000 USD
CY2012 us-gaap Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
466000 USD
CY2013Q2 us-gaap Land
Land
10125000 USD
CY2014Q2 us-gaap Land
Land
13212000 USD
CY2014Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1841000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
533861000 USD
CY2013Q2 us-gaap Liabilities
Liabilities
299091000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
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1334169000 USD
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1058706000 USD
CY2013Q2 us-gaap Liabilities Current
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245900000 USD
CY2014Q2 us-gaap Liabilities Current
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290955000 USD
CY2014Q2 us-gaap Line Of Credit Facility Amount Outstanding
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69000000 USD
CY2014Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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150000000 USD
CY2014Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
72277000 USD
CY2014Q2 us-gaap Long Term Debt Current
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2720000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2720000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
83359000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
5856000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5227000 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3349000 USD
CY2014Q2 us-gaap Long Term Debt Noncurrent
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167992000 USD
CY2014 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:4px;text-align:left;font-size:11pt;"><font style="font-family:Frutiger Roman,sans-serif;font-size:11pt;color:#76787a;">Business</font></div><div style="line-height:120%;text-align:left;padding-left:18px;font-size:10pt;"><font style="font-family:Frutiger LT 45,sans-serif;font-size:10pt;">Applied Industrial Technologies, Inc. and subsidiaries (the &#8220;Company&#8221; or &#8220;Applied&#8221;) is a leading industrial distributor serving Maintenance Repair &amp; Operations (MRO) and Original Equipment Manufacturer (OEM) customers in virtually every industry. In addition, Applied provides engineering, design and systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber and fluid power shop services. Applied also offers maintenance training and inventory management solutions that provide added value to its customers. Although the Company does not generally manufacture the products it sells, it does assemble and repair certain products and systems.</font></div></div>
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-60816000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-38025000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
92142000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-203637000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-39434000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-78825000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
90422000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
111397000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
110110000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
112821000 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
108779000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
118149000 USD
CY2014 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Net Income
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnNetIncome
1342000 USD
CY2013Q2 us-gaap Noncurrent Assets
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281359000 USD
CY2014Q2 us-gaap Noncurrent Assets
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456598000 USD
CY2012Q2 us-gaap Noncurrent Assets
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251023000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
176399000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
168395000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
164358000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
83700000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
27100000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
6300000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
9500000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
13900000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
18500000 USD
CY2014Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
8400000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1148000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9628000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
629000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-1358000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-14471000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
629000 USD
CY2013 us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
2525000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
2677000 USD
CY2012 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-6619000 USD
CY2014 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax
0 USD
CY2013 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax
0 USD
CY2012 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax
8860000 USD
CY2014 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
0 USD
CY2013 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
0 USD
CY2012 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
-5449000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-14471000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
36900000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
36300000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
31200000 USD
CY2014Q2 us-gaap Other Assets Current
OtherAssetsCurrent
53480000 USD
CY2013Q2 us-gaap Other Assets Current
OtherAssetsCurrent
52819000 USD
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
19041000 USD
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
20257000 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
1967000 USD
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-3074000 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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871000 USD
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CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
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1186000 USD
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531000 USD
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0 USD
CY2012 us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
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3411000 USD
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CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
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1806000 USD
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19814000 USD
CY2014 us-gaap Payments To Acquire Productive Assets
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20190000 USD
CY2012 us-gaap Payments To Acquire Productive Assets
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26021000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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1402000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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3153000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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OtherComprehensiveIncomeLossTax
1529000 USD
CY2014 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
719000 USD
CY2012 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
3009000 USD
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-220000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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112000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
10000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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6000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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73000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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80000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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CY2013 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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51303000 USD
CY2013Q2 us-gaap Other Liabilities Noncurrent
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22272000 USD
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CY2014 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2153000 USD
CY2013 us-gaap Other Nonoperating Income Expense
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1431000 USD
CY2014 us-gaap Other Payments To Acquire Businesses
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1839000 USD
CY2012 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
0 USD
CY2013 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
3843000 USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
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53000 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
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31032000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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36732000 USD
CY2014 us-gaap Payments Of Dividends Common Stock
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40410000 USD
CY2012 us-gaap Payments Of Dividends Common Stock
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33800000 USD
CY2013 us-gaap Payments Of Dividends Common Stock
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37194000 USD
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68623000 USD
CY2014 us-gaap Payments To Acquire Businesses Gross
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17000000 USD
CY2012 us-gaap Payments To Acquire Businesses Gross
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18493000 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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67590000 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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184324000 USD
CY2013 us-gaap Payments To Acquire Productive Assets
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12214000 USD
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23611000 USD
CY2013Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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30919000 USD
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0
CY2013Q2 us-gaap Preferred Stock No Par Value
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0
CY2013Q2 us-gaap Preferred Stock Shares Authorized
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2500000 shares
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2500000 shares
CY2013Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q2 us-gaap Preferred Stock Value
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0 USD
CY2014Q2 us-gaap Preferred Stock Value
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0 USD
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69000000 USD
CY2013 us-gaap Proceeds From Repayments Of Lines Of Credit
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0 USD
CY2012 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 USD
CY2014 us-gaap Proceeds From Repayments Of Other Long Term Debt
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100000000 USD
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
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979000 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1258000 USD
CY2014 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
877000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
321000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
499000 USD
CY2014 us-gaap Proceeds From Stock Options Exercised
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96000 USD
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240749000 USD
CY2014Q2 us-gaap Property Plant And Equipment Gross
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260468000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
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103596000 USD
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
83243000 USD
CY2013Q2 us-gaap Property Plant And Equipment Other
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155161000 USD
CY2014Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
157370000 USD
CY2014 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3970000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2267000 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3915000 USD
CY2012 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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1100000 USD
CY2013 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1200000 USD
CY2014 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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2500000 USD
CY2014 us-gaap Repayments Of Other Long Term Debt
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647000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
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896776000 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2014 us-gaap Revenues
Revenues
21809000 USD
CY2013 us-gaap Revenues
Revenues
20217000 USD
CY2012 us-gaap Revenues
Revenues
18097000 USD
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2462171000 USD
CY2014 us-gaap Sales Revenue Net
SalesRevenueNet
2459878000 USD
CY2012 us-gaap Sales Revenue Net
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2375445000 USD
CY2012Q2 us-gaap Stockholders Equity
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672131000 USD
CY2011Q2 us-gaap Stockholders Equity
StockholdersEquity
633563000 USD
CY2013 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
15560000 USD
CY2012 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
15500000 USD
CY2014 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
16230000 USD
CY2014 us-gaap Selling General And Administrative Expense
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522568000 USD
CY2013 us-gaap Selling General And Administrative Expense
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506563000 USD
CY2012 us-gaap Selling General And Administrative Expense
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CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
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P4Y
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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2000000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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1398000 shares
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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-1357000 USD
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
241000 USD
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
284000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
161000 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1173000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
911000 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-405000 USD
CY2013 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2317000 USD
CY2012 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2058000 USD
CY2014 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1808000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
800308000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2014 us-gaap Stockholders Equity Other
StockholdersEquityOther
197000 USD
CY2013 us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2012 us-gaap Stockholders Equity Other
StockholdersEquityOther
46000 USD
CY2013Q2 us-gaap Treasury Stock Shares
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12044000 shares
CY2014Q2 us-gaap Treasury Stock Shares
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12650000 shares
CY2014Q2 us-gaap Treasury Stock Value
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261852000 USD
CY2013Q2 us-gaap Treasury Stock Value
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225219000 USD
CY2014 us-gaap Treasury Stock Value Acquired Cost Method
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36732000 USD
CY2013 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
53000 USD
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
31032000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1539000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2364000 USD
CY2013Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2655000 USD
CY2011Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1181000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
66000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
14000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
331000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
730000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
957000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
565000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
371000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1007000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1221000 USD
CY2013Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2342000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2104000 USD
CY2012 ait Net Tangible Assets Acquired
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1549000 USD
CY2012 ait Corporate And Other Income Net
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CY2014 us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Frutiger Roman,sans-serif;font-size:11pt;color:#76787a;">Estimates</font></div><div style="line-height:120%;text-align:left;padding-left:18px;font-size:10pt;"><font style="font-family:Frutiger LT 45,sans-serif;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the period. Actual results may differ from the estimates and assumptions used in preparing the consolidated financial statements</font><font style="font-family:Arial;font-size:10pt;">.</font></div></div>
CY2013Q2 us-gaap Weighted Average Cost Inventory Amount
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103483000 USD
CY2014Q2 us-gaap Weighted Average Cost Inventory Amount
WeightedAverageCostInventoryAmount
123468000 USD
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
482000 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
389000 shares
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
684000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42823000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42331000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42542000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42139000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42060000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41942000 shares
CY2013 ait Accounts Payable Acquired
AccountsPayableAcquired
1867000 USD
CY2013 ait Accounts Recievable Acquired
AccountsRecievableAcquired
7514000 USD
CY2014 ait Acquisition Holdback Payable
AcquisitionHoldbackPayable
2550000 USD
CY2013 ait Acquisition Holdback Payable
AcquisitionHoldbackPayable
1015000 USD
CY2012 ait Acquisition Holdback Payable
AcquisitionHoldbackPayable
3738000 USD
CY2014 ait Adjustments To Additional Paid In Capital Amortization Of Other Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalAmortizationOfOtherShareBasedCompensation
2703000 USD
CY2012 ait Adjustments To Additional Paid In Capital Amortization Of Other Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalAmortizationOfOtherShareBasedCompensation
4308000 USD
CY2013 ait Adjustments To Additional Paid In Capital Amortization Of Other Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalAmortizationOfOtherShareBasedCompensation
3444000 USD
CY2014 ait Corporate And Other Income Net
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-14903000 USD
CY2013 ait Corporate And Other Income Net
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CY2014Q2 ait Deferred Tax Assets Goodwill And Intangibles
DeferredTaxAssetsGoodwillAndIntangibles
8294000 USD
CY2013Q2 ait Deferred Tax Assets Goodwill And Intangibles
DeferredTaxAssetsGoodwillAndIntangibles
3781000 USD
CY2014 ait Net Tangible Assets Acquired
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3863000 USD
CY2012 ait Other Share Based Compensation
OtherShareBasedCompensation
4308000 USD
CY2014 ait Number Of Lifo Pools Maintained
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5
CY2012 ait Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gains Losses And Prior Service Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainsLossesAndPriorServiceCostNetOfTax
691000 USD
CY2013 ait Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gains Losses And Prior Service Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainsLossesAndPriorServiceCostNetOfTax
533000 USD
CY2014 ait Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gains Losses And Prior Service Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainsLossesAndPriorServiceCostNetOfTax
233000 USD
CY2013 ait Net Assets Acquired
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68623000 USD
CY2013 ait Defined Benefit Plan Modification Impactin Other Comprehensive Income
DefinedBenefitPlanModificationImpactinOtherComprehensiveIncome
1788 USD
CY2014 ait Defined Benefit Plan Target Allocation Percentage Of Assets
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1.00
CY2014 ait Defined Contribution Plan Profit Sharing Percentage Of Income Before Income Taxes
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0.05
CY2013 ait Definedbenefitplanrecognizednetgainlossduetocurtailmentsnetoftax
Definedbenefitplanrecognizednetgainlossduetocurtailmentsnetoftax
0 USD
CY2014 ait Definedbenefitplanrecognizednetgainlossduetocurtailmentsnetoftax
Definedbenefitplanrecognizednetgainlossduetocurtailmentsnetoftax
0 USD
CY2012 ait Definedbenefitplanrecognizednetgainlossduetocurtailmentsnetoftax
Definedbenefitplanrecognizednetgainlossduetocurtailmentsnetoftax
1917000 USD
CY2013 ait Definedbenefitplanrecognizednetgainlossduetocurtailmentstax
Definedbenefitplanrecognizednetgainlossduetocurtailmentstax
0 USD
CY2012 ait Definedbenefitplanrecognizednetgainlossduetocurtailmentstax
Definedbenefitplanrecognizednetgainlossduetocurtailmentstax
1200000 USD
CY2014 ait Definedbenefitplanrecognizednetgainlossduetocurtailmentstax
Definedbenefitplanrecognizednetgainlossduetocurtailmentstax
0 USD
CY2012 ait Goodwilland Intagibles Acquired
GoodwillandIntagiblesAcquired
16944000 USD
CY2014 ait Goodwilland Intagibles Acquired
GoodwillandIntagiblesAcquired
13137000 USD
CY2013 ait Inventory Acquired
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23723000 USD
CY2014Q2 ait Inventory Percent From One Thousand Nine Hundred And Seventys Lifo Layers
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0.26
CY2013 ait Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gains Losses And Prior Service Cost Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainsLossesAndPriorServiceCostTax
-339000 USD
CY2012 ait Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gains Losses And Prior Service Cost Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainsLossesAndPriorServiceCostTax
-432000 USD
CY2014 ait Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gains Losses And Prior Service Cost Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainsLossesAndPriorServiceCostTax
-149000 USD
CY2013 ait Other Current Assets Acquired
OtherCurrentAssetsAcquired
217000 USD
CY2013 ait Other Liabilities Acquired
OtherLiabilitiesAcquired
6192000 USD
CY2013 ait Other Net
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8000 USD
CY2012 ait Other Net
OtherNet
50000 USD
CY2014 ait Other Net
OtherNet
-71000 USD
CY2014 ait Other Share Based Compensation
OtherShareBasedCompensation
2703000 USD
CY2013 ait Other Share Based Compensation
OtherShareBasedCompensation
3444000 USD
CY2012 ait Othercomprehensiveincomereclassificationofdefinedbenefitplansnetgainslossesandpriorservicecostbeforetax
Othercomprehensiveincomereclassificationofdefinedbenefitplansnetgainslossesandpriorservicecostbeforetax
1123000 USD
CY2013 ait Othercomprehensiveincomereclassificationofdefinedbenefitplansnetgainslossesandpriorservicecostbeforetax
Othercomprehensiveincomereclassificationofdefinedbenefitplansnetgainslossesandpriorservicecostbeforetax
872000 USD
CY2014 ait Othercomprehensiveincomereclassificationofdefinedbenefitplansnetgainslossesandpriorservicecostbeforetax
Othercomprehensiveincomereclassificationofdefinedbenefitplansnetgainslossesandpriorservicecostbeforetax
382000 USD
CY2014 ait Percentage Of Defined Contribution Plan By Plan Participants
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0.50
CY2014 ait Pro Forma Operating Income
ProFormaOperatingIncome
175462000 USD
CY2013 ait Pro Forma Operating Income
ProFormaOperatingIncome
187419000 USD
CY2013 ait Property Acquired
PropertyAcquired
1090000 USD
CY2014 ait Reversalof Deferred Tax Allowance
ReversalofDeferredTaxAllowance
2804000 USD
CY2014 ait Share Based Compensation Arrangement By Share Based Payment Award Options And Stock Appreciation Rights Vested And Expected To Vest Exercisable Average Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAndStockAppreciationRightsVestedAndExpectedToVestExercisableAverageContractualTerm
P10Y
CY2013 ait Stock Issued During Period Performance Shares
StockIssuedDuringPeriodPerformanceShares
-1601000 USD
CY2014 ait Stock Issued During Period Performance Shares
StockIssuedDuringPeriodPerformanceShares
-1083000 USD
CY2012 ait Stock Issued During Period Performance Shares
StockIssuedDuringPeriodPerformanceShares
-1950000 USD
CY2013 ait Total Assets Acquired
TotalAssetsAcquired
76682000 USD
CY2014Q2 ait Treasury Shares Restricted As Collateral Under Escrow
TreasurySharesRestrictedAsCollateralUnderEscrow
596000 shares
CY2014Q2 ait Undistributed Earnings Of Foreign Subsidiaries On Which No Provision Has Been Made For Income Taxes
UndistributedEarningsOfForeignSubsidiariesOnWhichNoProvisionHasBeenMadeForIncomeTaxes
134035000 USD
CY2013 ait Unrealized Gain Losses On Assets Held Under Trust For Nonqualified Deferred Compensation Plan
UnrealizedGainLossesOnAssetsHeldUnderTrustForNonqualifiedDeferredCompensationPlan
1280000 USD
CY2012 ait Unrealized Gain Losses On Assets Held Under Trust For Nonqualified Deferred Compensation Plan
UnrealizedGainLossesOnAssetsHeldUnderTrustForNonqualifiedDeferredCompensationPlan
-36000 USD
CY2014 ait Unrealized Gain Losses On Assets Held Under Trust For Nonqualified Deferred Compensation Plan
UnrealizedGainLossesOnAssetsHeldUnderTrustForNonqualifiedDeferredCompensationPlan
1683000 USD
CY2012 ait Unrecognized Tax Benefits Increase Decrease Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingFromPriorPeriodTaxPositions
398000 USD
CY2014 ait Unrecognized Tax Benefits Increase Decrease Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingFromPriorPeriodTaxPositions
0 USD
CY2013 ait Unrecognized Tax Benefits Increase Decrease Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreaseDecreaseResultingFromPriorPeriodTaxPositions
790000 USD
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0000109563
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
41507647 shares
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q4 dei Entity Public Float
EntityPublicFloat
2032869000 USD
CY2014 dei Entity Registrant Name
EntityRegistrantName
APPLIED INDUSTRIAL TECHNOLOGIES INC
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0000109563-14-000034-index-headers.html Edgar Link pending
0000109563-14-000034-index.html Edgar Link pending
0000109563-14-000034.txt Edgar Link pending
0000109563-14-000034-xbrl.zip Edgar Link pending
ait-20140630.xml Edgar Link completed
ait-20140630.xsd Edgar Link pending
ait-20140630_cal.xml Edgar Link unprocessable
ait-20140630_def.xml Edgar Link unprocessable
ait-20140630_lab.xml Edgar Link unprocessable
ait-20140630_pre.xml Edgar Link unprocessable
ait-2014630x10k.htm Edgar Link pending
ait-2014630x10kexx21.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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