$AIT
APPLIED INDUSTRIAL TECHNOLOGIES INC

2021 Q2 Form 10-Q Financial Statement

#000010956321000041 Filed on April 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q1
Revenue $895.9M $840.9M $830.8M
YoY Change 23.55% 1.22% -6.17%
Cost Of Revenue $632.9M $593.7M $594.0M
YoY Change 22.47% -0.06% -5.69%
Gross Profit $263.0M $247.2M $236.8M
YoY Change 26.25% 4.42% -7.36%
Gross Profit Margin 29.35% 29.4% 28.5%
Selling, General & Admin $185.1M $172.8M $183.7M
YoY Change 15.82% -5.96% -3.04%
% of Gross Profit 70.38% 69.88% 77.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.35M $5.080M $5.380M
YoY Change -11.62% -5.58% -63.89%
% of Gross Profit 5.07% 2.05% 2.27%
Operating Expenses $185.1M $172.8M $183.7M
YoY Change 15.89% -5.96% -3.04%
Operating Profit $77.90M $74.47M -$77.95M
YoY Change 60.29% -195.53% -325.88%
Interest Expense -$7.084M -$8.700M -$7.500M
YoY Change 1.2% 16.0% -15.73%
% of Operating Profit -9.09% -11.68%
Other Income/Expense, Net -$135.0K $1.657M $1.428M
YoY Change 16.04% 13.69%
Pretax Income $73.88M $68.52M -$85.33M
YoY Change 84.24% -180.3% -430.49%
Income Tax $14.64M $12.45M -$2.550M
% Of Pretax Income 19.81% 18.18%
Net Earnings $59.24M $56.06M -$82.78M
YoY Change 97.48% -167.73% -600.62%
Net Earnings / Revenue 6.61% 6.67% -9.96%
Basic Earnings Per Share $1.44 -$2.14
Diluted Earnings Per Share $1.504M $1.42 -$2.14
COMMON SHARES
Basic Shares Outstanding 38.86M shares 38.84M shares 38.68M shares
Diluted Shares Outstanding 39.41M shares 38.68M shares

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $257.7M $304.0M $165.5M
YoY Change -4.04% 83.69% 249.16%
Cash & Equivalents $257.7M $304.0M $165.5M
Short-Term Investments
Other Short-Term Assets $59.96M $54.02M $51.77M
YoY Change 15.15% 4.35% 4.85%
Inventory $362.5M $358.2M $421.2M
Prepaid Expenses
Receivables $516.3M $510.1M $524.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.197B $1.226B $1.163B
YoY Change 3.17% 5.49% 3.26%
LONG-TERM ASSETS
Property, Plant & Equipment $115.6M $117.0M $123.8M
YoY Change -5.18% -5.51% 0.43%
Goodwill $560.1M $559.2M $539.5M
YoY Change 3.6% 3.65% -18.41%
Intangibles $279.6M $287.7M $352.9M
YoY Change -18.53% -18.47% -6.86%
Long-Term Investments $16.84M $15.70M $10.30M
YoY Change 36.94% 52.43% -4.63%
Other Assets $32.83M $31.14M $24.26M
YoY Change 19.65% 28.33% -28.13%
Total Long-Term Assets $1.075B $1.079B $1.127B
YoY Change -4.32% -4.26% -5.85%
TOTAL ASSETS
Total Short-Term Assets $1.197B $1.226B $1.163B
Total Long-Term Assets $1.075B $1.079B $1.127B
Total Assets $2.272B $2.305B $2.290B
YoY Change -0.51% 0.69% -1.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $208.2M $217.3M $214.3M
YoY Change 11.75% 1.4% -10.85%
Accrued Expenses $77.66M $80.70M $97.80M
YoY Change -12.84% -17.48% 41.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $43.53M $78.64M $78.64M
YoY Change -44.66% 0.0% 78.07%
Total Short-Term Liabilities $427.7M $465.7M $447.9M
YoY Change 0.38% 3.99% 7.51%
LONG-TERM LIABILITIES
Long-Term Debt $784.9M $773.4M $864.8M
YoY Change -8.22% -10.56% -7.76%
Other Long-Term Liabilities $126.7M $131.3M $146.4M
YoY Change -20.2% -10.26% 88.85%
Total Long-Term Liabilities $911.6M $904.7M $1.011B
YoY Change -10.1% -10.52% -0.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $427.7M $465.7M $447.9M
Total Long-Term Liabilities $911.6M $904.7M $1.011B
Total Liabilities $1.339B $1.370B $1.459B
YoY Change -7.0% -6.07% 1.32%
SHAREHOLDERS EQUITY
Retained Earnings $1.294B $1.261B $1.195B
YoY Change 7.82% 5.47% -1.48%
Common Stock $187.0M $187.2M $184.8M
YoY Change 0.28% 1.3% 1.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $455.8M $414.2M $414.2M
YoY Change 10.07% 0.01% -0.25%
Treasury Stock Shares 15.70M shares 15.35M shares 15.51M shares
Shareholders Equity $932.5M $934.9M $830.6M
YoY Change
Total Liabilities & Shareholders Equity $2.272B $2.305B $2.290B
YoY Change -0.51% 0.69% -1.43%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $59.24M $56.06M -$82.78M
YoY Change 97.48% -167.73% -600.62%
Depreciation, Depletion And Amortization $13.35M $5.080M $5.380M
YoY Change -11.62% -5.58% -63.89%
Cash From Operating Activities $38.30M $44.00M $64.70M
YoY Change -69.87% -31.99% 457.76%
INVESTING ACTIVITIES
Capital Expenditures -$3.652M -$3.800M -$4.200M
YoY Change -6.36% -9.52% -8.7%
Acquisitions
YoY Change
Other Investing Activities $222.0K $1.500M $700.0K
YoY Change 122.0% 114.29% -102.32%
Cash From Investing Activities -$3.430M -$2.300M -$3.700M
YoY Change -7.3% -37.84% -89.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -82.54M -26.20M -19.70M
YoY Change 271.79% 32.99% 105.21%
NET CHANGE
Cash From Operating Activities 38.30M 44.00M 64.70M
Cash From Investing Activities -3.430M -2.300M -3.700M
Cash From Financing Activities -82.54M -26.20M -19.70M
Net Change In Cash -47.67M 15.50M 41.30M
YoY Change -147.1% -62.47% -225.91%
FREE CASH FLOW
Cash From Operating Activities $38.30M $44.00M $64.70M
Capital Expenditures -$3.652M -$3.800M -$4.200M
Free Cash Flow $41.95M $47.80M $68.90M
YoY Change -67.98% -30.62% 325.31%

Facts In Submission

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dei Document Fiscal Year Focus
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dei Entity Registrant Name
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APPLIED INDUSTRIAL TECHNOLOGIES, INC.
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CY2020Q2 us-gaap Additional Paid In Capital Common Stock
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CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
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1260761000 USD
CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1200570000 USD
CY2021Q1 us-gaap Treasury Stock Shares
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15354000 shares
CY2020Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2021Q1 us-gaap Treasury Stock Value
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414214000 USD
CY2020Q2 us-gaap Treasury Stock Value
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414090000 USD
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CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 us-gaap Stockholders Equity
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CY2020Q2 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Liabilities And Stockholders Equity
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2305388000 USD
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2283551000 USD
us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation
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15641000 USD
us-gaap Depreciation
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26238000 USD
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31671000 USD
us-gaap Goodwill And Intangible Asset Impairment
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49528000 USD
us-gaap Goodwill And Intangible Asset Impairment
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131000000 USD
us-gaap Stock Option Plan Expense
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1930000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2217000 USD
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4660000 USD
us-gaap Restricted Stock Expense
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2046000 USD
us-gaap Increase Decrease In Operating Capital
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-33574000 USD
us-gaap Increase Decrease In Operating Capital
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-1406000 USD
us-gaap Other Noncash Income Expense
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13675000 USD
us-gaap Other Noncash Income Expense
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8766000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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203409000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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169624000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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30023000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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37237000 USD
us-gaap Payments To Acquire Productive Assets
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12177000 USD
us-gaap Payments To Acquire Productive Assets
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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691000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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0 USD
us-gaap Proceeds From Repayments Of Other Long Term Debt
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25000000 USD
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us-gaap Repayments Of Other Long Term Debt
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39803000 USD
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2122000 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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us-gaap Payments Of Debt Issuance Costs
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22000 USD
us-gaap Payments Of Dividends Common Stock
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37772000 USD
us-gaap Payments Of Dividends Common Stock
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2344000 USD
us-gaap Repayments Of Other Debt
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2440000 USD
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163000 USD
us-gaap Proceeds From Stock Options Exercised
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330000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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5990000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2604000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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4099000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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35465000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
57245000 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
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CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2020Q4 us-gaap Net Income Loss
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CY2021Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2019Q3 us-gaap Net Income Loss
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CY2019Q4 us-gaap Net Income Loss
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CY2019Q4 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
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0.32
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<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>
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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840937000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
830797000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2340031000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2520576000 USD
CY2021Q1 ait Disaggregated Revenueby Product Line Percent
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1
CY2020Q1 ait Disaggregated Revenueby Product Line Percent
DisaggregatedRevenuebyProductLinePercent
1
ait Disaggregated Revenueby Product Line Percent
DisaggregatedRevenuebyProductLinePercent
1
ait Disaggregated Revenueby Product Line Percent
DisaggregatedRevenuebyProductLinePercent
1
CY2021Q1 us-gaap Contract With Customer Asset Net
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11838000 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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3403000 USD
ait Contractwith Customer Asset Period Increase Decrease
ContractwithCustomerAssetPeriodIncreaseDecrease
0.403
CY2019Q2 us-gaap Goodwill
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661991000 USD
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11274000 USD
CY2020 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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-1671000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
540594000 USD
us-gaap Goodwill Acquired During Period
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15688000 USD
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
2914000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
559196000 USD
CY2021Q1 us-gaap Number Of Reporting Units
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8
CY2021Q1 ait Number Of Reporting Units With Fair Value Exceeding Carrying Value
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7
CY2021Q1 us-gaap Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount
ReportingUnitPercentageOfFairValueInExcessOfCarryingAmount
0.25
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
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471336000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
183650000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
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287686000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
550877000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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207662000 USD
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15320000 USD
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P17Y8M12D
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45033000 USD
us-gaap Tangible Asset Impairment Charges
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1983000 USD
us-gaap Operating Lease Impairment Loss
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2512000 USD
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8300000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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31400000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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29500000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
25800000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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23600000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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21900000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
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CY2020Q2 us-gaap Debt Instrument Carrying Amount
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1158000 USD
CY2020Q2 us-gaap Deferred Finance Costs Current Gross
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CY2021Q1 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2020Q2 us-gaap Debt Longterm And Shortterm Combined Amount
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CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
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4548000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
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CY2019Q2 us-gaap Derivative Amount Of Hedged Item
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CY2021Q1 us-gaap Derivative Fixed Interest Rate
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0.0163
CY2021Q1 us-gaap Derivative Amount Of Hedged Item
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420000000 USD
CY2021Q1 us-gaap Derivative Variable Interest Rate
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CY2020Q2 us-gaap Derivative Amount Of Hedged Item
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431000000 USD
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CY2021Q1 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
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13157000 USD
CY2020Q2 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
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26179000 USD
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CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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16000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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68000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
52000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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-13000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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8758000 USD
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
2143000 USD
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-254000 USD
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6615000 USD
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CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
2260000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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763000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
11322000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
2829000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8493000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-41658000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-3711000 USD
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OtherComprehensiveIncomeLossNetOfTax
-37947000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
203000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
49000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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154000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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19529000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
91000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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19438000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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-38000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
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6017000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
1473000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
4544000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-10740000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-8504000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-2081000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
6423000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-2350000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-579000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
1771000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
34253000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
3694000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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30559000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-3684000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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291000 shares
CY2021Q1 us-gaap Inventory Lifo Reserve Period Charge
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781000 USD
CY2020Q1 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
1950000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2340031000 USD
CY2021Q1 us-gaap Assets
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2305388000 USD
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
2777000 USD
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
4237000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
840937000 USD
CY2021Q1 us-gaap Depreciation
Depreciation
5080000 USD
CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
3728000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
830797000 USD
CY2020Q1 us-gaap Depreciation
Depreciation
5380000 USD
CY2020Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4258000 USD
us-gaap Depreciation
Depreciation
15641000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
12177000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2520576000 USD
CY2020Q1 us-gaap Assets
Assets
2289529000 USD
us-gaap Depreciation
Depreciation
15997000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
16223000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1736000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3167000 USD
CY2021Q1 ait Corporateandotherexpenseincomenet
Corporateandotherexpenseincomenet
13678000 USD
CY2020Q1 ait Corporateandotherexpenseincomenet
Corporateandotherexpenseincomenet
15311000 USD
ait Corporateandotherexpenseincomenet
Corporateandotherexpenseincomenet
41326000 USD
ait Corporateandotherexpenseincomenet
Corporateandotherexpenseincomenet
45402000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
74467000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-77950000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
124353000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
41961000 USD
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-7608000 USD
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-8805000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-22919000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-28447000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1657000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1428000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1746000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1643000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
68516000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-85327000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
103180000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
15157000 USD
CY2021Q1 ait Unrealized Gain Losses Gains On Assets Held Under Trust For A Nonqualified Deferred Compensation Plan
UnrealizedGainLossesGainsOnAssetsHeldUnderTrustForANonqualifiedDeferredCompensationPlan
642000 USD
CY2020Q1 ait Unrealized Gain Losses Gains On Assets Held Under Trust For A Nonqualified Deferred Compensation Plan
UnrealizedGainLossesGainsOnAssetsHeldUnderTrustForANonqualifiedDeferredCompensationPlan
-2182000 USD
ait Unrealized Gain Losses Gains On Assets Held Under Trust For A Nonqualified Deferred Compensation Plan
UnrealizedGainLossesGainsOnAssetsHeldUnderTrustForANonqualifiedDeferredCompensationPlan
3104000 USD
ait Unrealized Gain Losses Gains On Assets Held Under Trust For A Nonqualified Deferred Compensation Plan
UnrealizedGainLossesGainsOnAssetsHeldUnderTrustForANonqualifiedDeferredCompensationPlan
-1361000 USD
CY2021Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
485000 USD
CY2020Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3501000 USD
CY2021Q1 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
71000 USD
CY2020Q1 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
-30000 USD
us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
213000 USD
us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
-90000 USD
CY2021Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
543000 USD
CY2020Q1 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
194000 USD
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
402000 USD
us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
-165000 USD
CY2021Q1 ait Other Net
OtherNet
58000 USD
CY2020Q1 ait Other Net
OtherNet
-115000 USD
ait Other Net
OtherNet
189000 USD
ait Other Net
OtherNet
-88000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1657000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1428000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1746000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1643000 USD

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