2022 Q1 Form 10-Q Financial Statement

#000079461922000013 Filed on February 24, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q2
Revenue $459.7M $453.2M $473.4M
YoY Change 6.43% 1.02% 18.59%
Cost Of Revenue $407.9M $401.5M $399.0M
YoY Change 15.08% 12.17% 23.19%
Gross Profit $51.82M $51.69M $74.38M
YoY Change -33.13% -42.99% -1.18%
Gross Profit Margin 11.27% 11.41% 15.71%
Selling, General & Admin $46.72M $46.16M $51.75M
YoY Change -2.79% -10.94% 7.37%
% of Gross Profit 90.16% 89.3% 69.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.92M $24.34M $23.79M
YoY Change -3.15% -4.18% -5.22%
% of Gross Profit 46.17% 47.08% 31.98%
Operating Expenses $46.72M $46.16M $51.75M
YoY Change -2.79% -10.94% 7.37%
Operating Profit $5.224M $5.533M $22.63M
YoY Change -82.75% -84.65% -16.39%
Interest Expense -$2.668M -$2.360M -$5.371M
YoY Change -53.19% -60.67% -30.25%
% of Operating Profit -51.07% -42.65% -23.73%
Other Income/Expense, Net $329.0K -$863.0K -$13.85M
YoY Change 27.03% -187.97% 501.96%
Pretax Income -$66.57M $2.310M $2.973M
YoY Change -368.5% -92.56% -82.47%
Income Tax -$17.31M $280.0K -$594.0K
% Of Pretax Income 12.12% -19.98%
Net Earnings -$49.26M $2.030M $3.567M
YoY Change -367.05% -91.22% -72.59%
Net Earnings / Revenue -10.71% 0.45% 0.75%
Basic Earnings Per Share -$2.97 $0.12
Diluted Earnings Per Share -$2.97 $0.12 $209.4K
COMMON SHARES
Basic Shares Outstanding 16.57M shares 16.57M shares 16.61M shares
Diluted Shares Outstanding 16.57M shares 16.61M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $871.0K $8.007M $91.07M
YoY Change -99.05% -92.89% -6.21%
Cash & Equivalents $871.0K $8.007M $91.07M
Short-Term Investments
Other Short-Term Assets $19.39M $18.40M $13.86M
YoY Change -2.08% 23.51% 40.01%
Inventory $204.2M $191.0M $158.2M
Prepaid Expenses
Receivables $151.1M $149.2M $146.9M
Other Receivables $8.349M $5.109M $0.00
Total Short-Term Assets $384.0M $371.7M $410.0M
YoY Change -4.97% -8.07% 26.08%
LONG-TERM ASSETS
Property, Plant & Equipment $208.7M $208.7M $204.0M
YoY Change 3.9% 4.93% 0.09%
Goodwill $767.6M $767.6M $767.6M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.73M $14.66M $12.25M
YoY Change 17.82% 6.9% -12.38%
Total Long-Term Assets $1.208B $1.224B $1.244B
YoY Change -3.6% -3.51% -4.1%
TOTAL ASSETS
Total Short-Term Assets $384.0M $371.7M $410.0M
Total Long-Term Assets $1.208B $1.224B $1.244B
Total Assets $1.592B $1.596B $1.654B
YoY Change -3.93% -4.61% 1.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $87.99M $87.11M $91.62M
YoY Change -0.88% 11.11% 62.62%
Accrued Expenses $102.7M $105.9M $120.5M
YoY Change -14.48% -7.7% 24.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.250M $2.160M $8.322M
YoY Change 10.08% 3.05% 275.54%
Total Short-Term Liabilities $193.0M $195.1M $220.4M
YoY Change -8.5% -0.01% 41.67%
LONG-TERM LIABILITIES
Long-Term Debt $506.5M $501.4M $513.5M
YoY Change -1.96% -9.8% -13.69%
Other Long-Term Liabilities $2.409M $10.96M $11.75M
YoY Change -79.03% -28.9% 84.9%
Total Long-Term Liabilities $2.409M $10.96M $11.75M
YoY Change -79.03% -28.9% 84.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $193.0M $195.1M $220.4M
Total Long-Term Liabilities $2.409M $10.96M $11.75M
Total Liabilities $195.4M $206.1M $232.2M
YoY Change -12.15% -2.12% 43.37%
SHAREHOLDERS EQUITY
Retained Earnings $384.9M $434.2M $448.3M
YoY Change -14.12% 0.73% 11.18%
Common Stock $361.9M $360.9M $362.5M
YoY Change -0.95% -1.04% 0.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $751.0M $743.1M $756.2M
YoY Change
Total Liabilities & Shareholders Equity $1.592B $1.596B $1.654B
YoY Change -3.93% -4.61% 1.95%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q2
OPERATING ACTIVITIES
Net Income -$49.26M $2.030M $3.567M
YoY Change -367.05% -91.22% -72.59%
Depreciation, Depletion And Amortization $23.92M $24.34M $23.79M
YoY Change -3.15% -4.18% -5.22%
Cash From Operating Activities -$2.875M -$16.76M $44.26M
YoY Change -109.3% -145.8% -32.22%
INVESTING ACTIVITIES
Capital Expenditures -$7.703M -$10.24M -$10.23M
YoY Change -32.43% 15.03% 67.77%
Acquisitions
YoY Change
Other Investing Activities -$965.0K -$2.154M -$2.795M
YoY Change -207.22% 2.57% 11.8%
Cash From Investing Activities -$8.668M -$12.39M -$13.03M
YoY Change -17.45% 11.64% 49.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.407M 9.345M -31.92M
YoY Change -110.67% -122.85% 383.67%
NET CHANGE
Cash From Operating Activities -2.875M -16.76M 44.26M
Cash From Investing Activities -8.668M -12.39M -13.03M
Cash From Financing Activities 4.407M 9.345M -31.92M
Net Change In Cash -7.136M -19.81M -688.0K
YoY Change -65.86% 28.64% -101.38%
FREE CASH FLOW
Cash From Operating Activities -$2.875M -$16.76M $44.26M
Capital Expenditures -$7.703M -$10.24M -$10.23M
Free Cash Flow $4.828M -$6.526M $54.50M
YoY Change -88.59% -114.34% -23.67%

Facts In Submission

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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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ComprehensiveIncomeNetOfTax
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CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020Q3 us-gaap Net Income Loss
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OtherComprehensiveIncomeLossNetOfTax
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CY2020Q3 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Net Income Loss
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CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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1266000 USD
CY2020Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Net Income Loss
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OtherComprehensiveIncomeLossNetOfTax
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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1316000 USD
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CY2021Q1 us-gaap Stockholders Equity
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1177000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2021Q3 us-gaap Stock Repurchased And Retired During Period Value
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CY2021Q3 us-gaap Stock Issued During Period Value Employee Benefit Plan
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CY2021Q3 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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CY2021Q4 us-gaap Stockholders Equity
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1006000 USD
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2022Q1 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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2008000 USD
amwd Operating Lease Right Of Use Assets Amortization
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20823000 USD
amwd Operating Lease Right Of Use Assets Amortization
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20252000 USD
us-gaap Amortization Of Financing Costs
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us-gaap Amortization Of Financing Costs
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1901000 USD
us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
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7000 USD
us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
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1720000 USD
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us-gaap Share Based Compensation
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
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0 USD
amwd Pension Contributions In Excess Of Pension Expense
PensionContributionsInExcessOfPensionExpense
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amwd Pension Contributions In Excess Of Pension Expense
PensionContributionsInExcessOfPensionExpense
1505000 USD
amwd Employee Benefit Plan Stock Expense
EmployeeBenefitPlanStockExpense
2938000 USD
amwd Employee Benefit Plan Stock Expense
EmployeeBenefitPlanStockExpense
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts Receivable
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46054000 USD
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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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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us-gaap Goodwill Impairment Loss
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CY2021Q1 us-gaap Goodwill Impairment Loss
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CY2022Q1 us-gaap Goodwill Impairment Loss
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us-gaap Net Income Loss
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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CY2021Q2 amwd Allowance For Returns And Discounts
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CY2022Q1 us-gaap Property Plant And Equipment Net
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CY2021Q2 us-gaap Property Plant And Equipment Net
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32700000 USD
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
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33000000 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
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12000000 USD
us-gaap Amortization Of Intangible Assets
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34200000 USD
us-gaap Amortization Of Intangible Assets
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36500000 USD
CY2021Q2 us-gaap Product Warranty Accrual
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us-gaap Product Warranty Accrual Warranties Issued
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18729000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
13885000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
17821000 USD
us-gaap Product Warranty Accrual Payments
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13150000 USD
CY2022Q1 us-gaap Product Warranty Accrual
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CY2021Q1 us-gaap Product Warranty Accrual
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CY2022Q1 us-gaap Defined Benefit Plan Interest Cost
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CY2021Q1 us-gaap Defined Benefit Plan Interest Cost
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us-gaap Defined Benefit Plan Interest Cost
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us-gaap Defined Benefit Plan Interest Cost
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CY2022Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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515000 USD
CY2021Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2107000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3601000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6322000 USD
CY2022Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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-167000 USD
CY2021Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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us-gaap Defined Benefit Plan Amortization Of Gains Losses
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us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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CY2022Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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102000 USD
CY2021Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
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us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
711000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
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CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.263
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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431954000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1355480000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1270624000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
996000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
403000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
79000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
50000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
20823000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
20252000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
79000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
50000 USD
us-gaap Operating Lease Payments
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18345000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
18161000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
975000 USD
us-gaap Finance Lease Principal Payments
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384000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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1614000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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1531000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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6608000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6886000 USD
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y5M26D
CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y21D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y11M15D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10M20D
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0283
CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0300
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0314
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0329
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6738000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
632000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
24898000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2284000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
22957000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1904000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
19299000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
559000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
18848000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
120000 USD
CY2022Q1 amwd Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
41168000 USD
CY2022Q1 amwd Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
7000 USD
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
5318000 USD
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
188000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
121856000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
133908000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
5506000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12052000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
22303000 USD
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2250000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
99553000 USD
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3068000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
112874000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
9982000 USD

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amwd-20220131_cal.xml Edgar Link unprocessable
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