$AIT
APPLIED INDUSTRIAL TECHNOLOGIES INC

2020 Q4 Form 10-Q Financial Statement

#000010956321000028 Filed on January 29, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4
Revenue $751.3M $833.4M
YoY Change -9.85% -0.79%
Cost Of Revenue $541.8M $592.1M
YoY Change -8.51% -0.84%
Gross Profit $209.5M $241.2M
YoY Change -13.14% -0.67%
Gross Profit Margin 27.89% 28.95%
Selling, General & Admin $162.4M $182.5M
YoY Change -10.99% 0.33%
% of Gross Profit 77.52% 75.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.209M $5.394M
YoY Change -3.43% -66.29%
% of Gross Profit 2.49% 2.24%
Operating Expenses $162.4M $182.5M
YoY Change -10.99% 0.33%
Operating Profit -$2.422M $58.75M
YoY Change -104.12% -3.64%
Interest Expense -$7.800M -$9.400M
YoY Change -17.02% -12.96%
% of Operating Profit -16.0%
Other Income/Expense, Net -$88.00K $215.0K
YoY Change -140.93% -122.73%
Pretax Income -$10.17M $49.38M
YoY Change -120.59% -2.11%
Income Tax -$4.834M $11.35M
% Of Pretax Income 22.98%
Net Earnings -$5.334M $38.03M
YoY Change -114.03% -1.77%
Net Earnings / Revenue -0.71% 4.56%
Basic Earnings Per Share -$0.14 $0.98
Diluted Earnings Per Share -$0.14 $0.97
COMMON SHARES
Basic Shares Outstanding 38.78M shares 38.65M shares
Diluted Shares Outstanding 38.78M shares 39.05M shares

Balance Sheet

Concept 2020 Q4 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $288.8M $128.1M
YoY Change 125.45% 60.53%
Cash & Equivalents $288.8M $128.1M
Short-Term Investments
Other Short-Term Assets $54.86M $47.90M
YoY Change 14.53% 8.77%
Inventory $363.8M $463.6M
Prepaid Expenses
Receivables $444.2M $502.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.152B $1.143B
YoY Change 0.79% 5.62%
LONG-TERM ASSETS
Property, Plant & Equipment $120.5M $126.2M
YoY Change -4.53% 3.48%
Goodwill $557.3M $673.2M
YoY Change -17.22% 3.37%
Intangibles $294.6M $364.5M
YoY Change -19.19% -11.76%
Long-Term Investments $15.20M $12.30M
YoY Change 23.58%
Other Assets $30.08M $27.08M
YoY Change 11.06% 23.66%
Total Long-Term Assets $1.089B $1.276B
YoY Change -14.65% 5.65%
TOTAL ASSETS
Total Short-Term Assets $1.152B $1.143B
Total Long-Term Assets $1.089B $1.276B
Total Assets $2.241B $2.419B
YoY Change -7.36% 5.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $196.5M $212.3M
YoY Change -7.46% -8.71%
Accrued Expenses $67.30M $85.00M
YoY Change -20.82% 49.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $78.64M $73.77M
YoY Change 6.6% 66.96%
Total Short-Term Liabilities $425.9M $420.7M
YoY Change 1.23% 6.83%
LONG-TERM LIABILITIES
Long-Term Debt $783.1M $874.4M
YoY Change -10.45% -5.31%
Other Long-Term Liabilities $151.4M $161.6M
YoY Change -6.35% 119.39%
Total Long-Term Liabilities $934.4M $1.036B
YoY Change -9.81% 3.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $425.9M $420.7M
Total Long-Term Liabilities $934.4M $1.036B
Total Liabilities $1.360B $1.457B
YoY Change -6.62% 4.05%
SHAREHOLDERS EQUITY
Retained Earnings $1.218B $1.291B
YoY Change -5.66% 6.78%
Common Stock $185.0M $183.7M
YoY Change 0.73% 1.82%
Preferred Stock
YoY Change
Treasury Stock (at cost) $414.5M $414.6M
YoY Change -0.01% 2.47%
Treasury Stock Shares 15.38M shares 15.54M shares
Shareholders Equity $880.7M $962.2M
YoY Change
Total Liabilities & Shareholders Equity $2.241B $2.419B
YoY Change -7.36% 5.63%

Cashflow Statement

Concept 2020 Q4 2019 Q4
OPERATING ACTIVITIES
Net Income -$5.334M $38.03M
YoY Change -114.03% -1.77%
Depreciation, Depletion And Amortization $5.209M $5.394M
YoY Change -3.43% -66.29%
Cash From Operating Activities $77.60M $54.90M
YoY Change 41.35% 2.04%
INVESTING ACTIVITIES
Capital Expenditures -$4.800M -$7.100M
YoY Change -32.39% 82.05%
Acquisitions
YoY Change
Other Investing Activities -$31.00M -$500.0K
YoY Change 6100.0% -92.19%
Cash From Investing Activities -$35.80M -$7.400M
YoY Change 383.78% -28.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -27.10M -17.40M
YoY Change 55.75% -8.42%
NET CHANGE
Cash From Operating Activities 77.60M 54.90M
Cash From Investing Activities -35.80M -7.400M
Cash From Financing Activities -27.10M -17.40M
Net Change In Cash 14.70M 30.10M
YoY Change -51.16% 22.86%
FREE CASH FLOW
Cash From Operating Activities $77.60M $54.90M
Capital Expenditures -$4.800M -$7.100M
Free Cash Flow $82.40M $62.00M
YoY Change 32.9% 7.45%

Facts In Submission

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dei Current Fiscal Year End Date
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--06-30
dei Document Fiscal Year Focus
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dei Document Fiscal Period Focus
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dei Amendment Flag
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dei Document Type
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dei Document Quarterly Report
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dei Document Period End Date
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dei Entity File Number
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dei Entity Registrant Name
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APPLIED INDUSTRIAL TECHNOLOGIES, INC.
dei Entity Incorporation State Country Code
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OH
dei Entity Tax Identification Number
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dei City Area Code
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dei Local Phone Number
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dei Security12b Title
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Common Stock, without par value
dei Trading Symbol
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AIT
dei Security Exchange Name
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us-gaap Impairment Of Intangible Assets Excluding Goodwill
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49528000 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1328000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
1494000 USD
us-gaap Restricted Stock Expense
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2167000 USD
us-gaap Restricted Stock Expense
RestrictedStockExpense
1837000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
-52005000 USD
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
11660000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
3685000 USD
us-gaap Other Noncash Income Expense
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-5212000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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159356000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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104899000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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31078000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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36390000 USD
us-gaap Payments To Acquire Productive Assets
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8449000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
11965000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
292000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
325000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-39235000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-48030000 USD
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
0 USD
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
25000000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
72260000 USD
us-gaap Repayments Of Other Long Term Debt
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34868000 USD
us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
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549000 USD
us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
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0 USD
us-gaap Payments Of Debt Issuance Costs
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0 USD
us-gaap Payments Of Debt Issuance Costs
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16000 USD
us-gaap Payments Of Dividends Common Stock
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24899000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
24002000 USD
us-gaap Repayments Of Other Debt
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1138000 USD
us-gaap Repayments Of Other Debt
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777000 USD
us-gaap Proceeds From Stock Options Exercised
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163000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
330000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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5571000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1988000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-104254000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-36321000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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4357000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-618000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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20224000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19930000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
268551000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
108219000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
288775000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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128149000 USD
CY2020Q3 us-gaap Net Income Loss
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34784000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
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0.32
CY2020Q4 us-gaap Net Income Loss
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-5334000 USD
CY2020Q4 us-gaap Common Stock Dividends Per Share Cash Paid
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0.32
CY2019Q3 us-gaap Net Income Loss
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38799000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.31
CY2019Q4 us-gaap Net Income Loss
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38031000 USD
CY2019Q4 us-gaap Common Stock Dividends Per Share Cash Paid
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0.31
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Recently Issued Accounting Guidance</span></div><div style="margin-bottom:6pt;padding-left:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, the FASB issued its final standard on simplifying the accounting for income taxes. This standard, issued as ASU 2019-12, makes a number of changes meant to add or clarify guidance on accounting for income taxes. This update is effective for annual and interim financial statement periods beginning after December 15, 2020, with early adoption permitted in any interim period for which financial statements have not yet been filed. The Company has not yet determined the impact of this pronouncement on its financial statements and related disclosures.</span></div>
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
751287000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
833375000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1499094000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1689779000 USD
CY2020Q4 ait Disaggregated Revenueby Product Line Percent
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1
ait Contractwith Customer Asset Period Increase Decrease
ContractwithCustomerAssetPeriodIncreaseDecrease
-0.133
CY2019Q4 ait Disaggregated Revenueby Product Line Percent
DisaggregatedRevenuebyProductLinePercent
1
ait Disaggregated Revenueby Product Line Percent
DisaggregatedRevenuebyProductLinePercent
1
ait Disaggregated Revenueby Product Line Percent
DisaggregatedRevenuebyProductLinePercent
1
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
7314000 USD
CY2020Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
8435000 USD
us-gaap Increase Decrease In Contract With Customer Asset
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-1121000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
661991000 USD
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
11274000 USD
CY2020 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
-1671000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
540594000 USD
us-gaap Goodwill Acquired During Period
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13939000 USD
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
2724000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
557257000 USD
CY2020 us-gaap Number Of Reporting Units
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8
CY2020Q1 ait Number Of Reporting Units With Fair Value Exceeding Carrying Value
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7
CY2020Q1 us-gaap Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
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0.10
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
131000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
470453000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
175872000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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294581000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
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550877000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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207662000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
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343215000 USD
us-gaap Finitelived Intangible Assets Acquired1
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13990000 USD
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P18Y10M24D
CY2020Q4 us-gaap Impairment Of Intangible Assets Finitelived
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45033000 USD
CY2020Q4 us-gaap Tangible Asset Impairment Charges
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1983000 USD
CY2020Q4 us-gaap Operating Lease Impairment Loss
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2512000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
16500000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
31400000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
29600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
25800000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
23600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
21900000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
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863016000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
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935276000 USD
CY2020Q4 us-gaap Deferred Finance Costs Current Gross
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1302000 USD
CY2020Q2 us-gaap Deferred Finance Costs Current Gross
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1487000 USD
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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861714000 USD
CY2020Q2 us-gaap Debt Longterm And Shortterm Combined Amount
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933789000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
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4559000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
4475000 USD
CY2019Q1 us-gaap Derivative Amount Of Hedged Item
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463000000 USD
CY2020Q2 us-gaap Derivative Fixed Interest Rate
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0.0261
CY2020Q4 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.0163
CY2020Q4 us-gaap Derivative Amount Of Hedged Item
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420000000 USD
CY2020Q4 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.0338
CY2020Q2 us-gaap Derivative Amount Of Hedged Item
DerivativeAmountOfHedgedItem
431000000 USD
CY2020Q2 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.0436
CY2020Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
23372000 USD
CY2020Q2 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
26179000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
14471000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
38000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
14433000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
5445000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-111000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
5556000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
67000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
16000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
51000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
-16000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
-4000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
-12000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-2724000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-666000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-2058000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
1822000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
479000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1343000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-2822000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-691000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
2131000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-906000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-220000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
686000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
14636000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
79000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
14557000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
8157000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
584000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7573000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
20025000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
153000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
19872000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
1411000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-232000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1643000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
135000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
33000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
102000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
-33000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
-8000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
-25000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-2741000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-670000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-2071000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-358000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-58000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-300000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-5512000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-1349000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
4163000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-1333000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-325000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
1008000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
22931000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
865000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
22066000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
2353000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
27000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2326000 USD
CY2019Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
503000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
294000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
722000 shares
CY2020Q4 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
863000 USD
CY2019Q4 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
1929000 USD
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
1996000 USD
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
2287000 USD
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
751287000 USD
CY2020Q4 us-gaap Depreciation
Depreciation
5209000 USD
CY2020Q4 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4852000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
833375000 USD
CY2019Q4 us-gaap Depreciation
Depreciation
5394000 USD
CY2019Q4 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
7019000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1499094000 USD
CY2019Q4 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
-59000 USD
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
-141000 USD
CY2020Q4 us-gaap Assets
Assets
2241017000 USD
us-gaap Depreciation
Depreciation
10561000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
8449000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1689779000 USD
CY2019Q4 us-gaap Assets
Assets
2418997000 USD
us-gaap Depreciation
Depreciation
10617000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
11965000 USD
CY2020Q4 ait Corporateandotherexpenseincomenet
Corporateandotherexpenseincomenet
13920000 USD
CY2019Q4 ait Corporateandotherexpenseincomenet
Corporateandotherexpenseincomenet
14414000 USD
ait Corporateandotherexpenseincomenet
Corporateandotherexpenseincomenet
27648000 USD
ait Corporateandotherexpenseincomenet
Corporateandotherexpenseincomenet
30091000 USD
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-2422000 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
58745000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
49886000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
119911000 USD
CY2020Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-7658000 USD
CY2019Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-9583000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-15311000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-19642000 USD
CY2020Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-88000 USD
CY2019Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
215000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
89000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
215000 USD
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-10168000 USD
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
49377000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
34664000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
100484000 USD
CY2020Q4 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1805000 USD
CY2019Q4 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-556000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2221000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-334000 USD
CY2020Q4 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
71000 USD
CY2019Q4 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
-30000 USD
CY2020Q4 ait Unrealized Gain Losses Gains On Assets Held Under Trust For A Nonqualified Deferred Compensation Plan
UnrealizedGainLossesGainsOnAssetsHeldUnderTrustForANonqualifiedDeferredCompensationPlan
1643000 USD
CY2019Q4 ait Unrealized Gain Losses Gains On Assets Held Under Trust For A Nonqualified Deferred Compensation Plan
UnrealizedGainLossesGainsOnAssetsHeldUnderTrustForANonqualifiedDeferredCompensationPlan
766000 USD
ait Unrealized Gain Losses Gains On Assets Held Under Trust For A Nonqualified Deferred Compensation Plan
UnrealizedGainLossesGainsOnAssetsHeldUnderTrustForANonqualifiedDeferredCompensationPlan
2462000 USD
ait Unrealized Gain Losses Gains On Assets Held Under Trust For A Nonqualified Deferred Compensation Plan
UnrealizedGainLossesGainsOnAssetsHeldUnderTrustForANonqualifiedDeferredCompensationPlan
821000 USD
us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
142000 USD
us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
-60000 USD
CY2020Q4 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
36000 USD
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
-359000 USD
CY2020Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-88000 USD
CY2019Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
215000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
89000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
215000 USD
CY2020Q4 ait Other Net
OtherNet
109000 USD
CY2019Q4 ait Other Net
OtherNet
34000 USD
ait Other Net
OtherNet
131000 USD
ait Other Net
OtherNet
27000 USD

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