2024 Q1 Form 10-K Financial Statement

#000181735824000042 Filed on March 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2024
Revenue $1.795B $6.159B
YoY Change 2.77% -3.69%
Cost Of Revenue $1.198B $4.049B
YoY Change 2.03% -3.19%
Gross Profit $597.0M $2.110B
YoY Change 4.27% -4.62%
Gross Profit Margin 33.26% 34.26%
Selling, General & Admin $361.5M $1.432B
YoY Change 6.4% 4.86%
% of Gross Profit 60.56% 67.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.54M $110.9M
YoY Change 13.01% 3.91%
% of Gross Profit 5.28% 5.26%
Operating Expenses $393.0M $1.432B
YoY Change 6.88% 4.86%
Operating Profit $204.0M $677.9M
YoY Change -0.41% -19.93%
Interest Expense -$12.58M -$46.05M
YoY Change 3.09% -0.84%
% of Operating Profit -6.17% -6.79%
Other Income/Expense, Net $21.40M $32.88M
YoY Change 38.04% 62.96%
Pretax Income $211.3M $663.2M
YoY Change 2.48% -18.96%
Income Tax $43.09M $144.0M
% Of Pretax Income 20.4% 21.71%
Net Earnings $168.2M $519.2M
YoY Change 6.67% -17.33%
Net Earnings / Revenue 9.37% 8.43%
Basic Earnings Per Share $6.89
Diluted Earnings Per Share $2.21 $6.70
COMMON SHARES
Basic Shares Outstanding 74.41M shares 75.39M shares
Diluted Shares Outstanding 77.47M shares

Balance Sheet

Concept 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $347.9M $347.9M
YoY Change 3.2% 3.2%
Cash & Equivalents $347.9M $347.9M
Short-Term Investments
Other Short-Term Assets $83.45M $83.45M
YoY Change 68.55% 68.55%
Inventory $1.194B $1.194B
Prepaid Expenses
Receivables $19.37M $19.37M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.645B $1.645B
YoY Change -2.48% -2.48%
LONG-TERM ASSETS
Property, Plant & Equipment $445.2M $1.556B
YoY Change 26.69% 7.23%
Goodwill $861.9M
YoY Change 0.0%
Intangibles $578.2M
YoY Change 0.09%
Long-Term Investments
YoY Change
Other Assets $35.21M $35.21M
YoY Change 99.85% 99.85%
Total Long-Term Assets $3.032B $3.032B
YoY Change 4.23% 4.23%
TOTAL ASSETS
Total Short-Term Assets $1.645B $1.645B
Total Long-Term Assets $3.032B $3.032B
Total Assets $4.677B $4.677B
YoY Change 1.77% 1.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $541.1M $541.1M
YoY Change -21.18% -21.18%
Accrued Expenses $186.8M $186.8M
YoY Change -5.89% -5.89%
Deferred Revenue $96.69M
YoY Change 4.41%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.000M $3.000M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $879.9M $879.9M
YoY Change -15.29% -15.29%
LONG-TERM LIABILITIES
Long-Term Debt $484.6M $484.6M
YoY Change -17.09% -17.09%
Other Long-Term Liabilities $11.56M $1.103B
YoY Change -9.13% 1.65%
Total Long-Term Liabilities $496.1M $1.587B
YoY Change -16.92% -4.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $879.9M $879.9M
Total Long-Term Liabilities $496.1M $1.587B
Total Liabilities $2.722B $2.722B
YoY Change -8.26% -8.26%
SHAREHOLDERS EQUITY
Retained Earnings $1.712B
YoY Change 21.29%
Common Stock $743.0K
YoY Change -3.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.955B $1.955B
YoY Change
Total Liabilities & Shareholders Equity $4.677B $4.677B
YoY Change 1.77% 1.77%

Cashflow Statement

Concept 2024 Q1 2024
OPERATING ACTIVITIES
Net Income $168.2M $519.2M
YoY Change 6.67% -17.33%
Depreciation, Depletion And Amortization $31.54M $110.9M
YoY Change 13.01% 3.91%
Cash From Operating Activities $234.7M $535.8M
YoY Change -3.34% -2.94%
INVESTING ACTIVITIES
Capital Expenditures $55.97M $207.8M
YoY Change 93.04% 91.84%
Acquisitions
YoY Change
Other Investing Activities $25.00K $2.151M
YoY Change
Cash From Investing Activities -$55.95M -$206.1M
YoY Change 92.96% 89.46%
FINANCING ACTIVITIES
Cash Dividend Paid $27.22M
YoY Change 10.49%
Common Stock Issuance & Retirement, Net $202.8M
YoY Change -58.57%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -105.7M -$318.9M
YoY Change -45.76% -46.14%
NET CHANGE
Cash From Operating Activities 234.7M $535.8M
Cash From Investing Activities -55.95M -$206.1M
Cash From Financing Activities -105.7M -$318.9M
Net Change In Cash 73.09M $10.78M
YoY Change 285.15% -107.24%
FREE CASH FLOW
Cash From Operating Activities $234.7M $535.8M
Capital Expenditures $55.97M $207.8M
Free Cash Flow $178.8M $328.0M
YoY Change -16.4% -26.07%

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CY2023 us-gaap Amortization Of Financing Costs
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CY2024 us-gaap Gains Losses On Extinguishment Of Debt
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CY2024 us-gaap Increase Decrease In Accounts Receivable
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CY2024 us-gaap Increase Decrease In Inventories
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CY2022 us-gaap Increase Decrease In Inventories
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CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2024 aso Increase Decrease In Accrued Liabilities And Other Liabilities
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CY2023 aso Increase Decrease In Accrued Liabilities And Other Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities
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CY2022 aso Increase Decrease In Accrued Liabilities And Other Liabilities
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31935000 usd
CY2024 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2024 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
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306000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
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CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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PaymentsToAcquirePropertyPlantAndEquipment
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PaymentsToAcquirePropertyPlantAndEquipment
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CY2024 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2024 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2151000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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NetCashProvidedByUsedInInvestingActivities
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NetCashProvidedByUsedInInvestingActivities
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CY2024 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
103000000 usd
CY2023 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
103000000 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
102250000 usd
CY2024 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
927000 usd
CY2024 aso Payment Share Based Payment Arrangement Financing Activities
PaymentShareBasedPaymentArrangementFinancingActivities
0 usd
CY2023 aso Payment Share Based Payment Arrangement Financing Activities
PaymentShareBasedPaymentArrangementFinancingActivities
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CY2022 aso Payment Share Based Payment Arrangement Financing Activities
PaymentShareBasedPaymentArrangementFinancingActivities
11214000 usd
CY2024 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
16636000 usd
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ProceedsFromStockOptionsExercised
21249000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
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CY2024 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
5484000 usd
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
5043000 usd
CY2022 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
3777000 usd
CY2024 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2024 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
202796000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2024 us-gaap Payments Of Dividends
PaymentsOfDividends
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CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
24633000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
0 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-318865000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10775000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-148853000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
108394000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
337145000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
485998000 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
377604000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
347920000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
337145000 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
485998000 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
45446000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
43250000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
44710000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
132126000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
168180000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
125040000 usd
CY2024 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6687000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4046000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2951000 usd
CY2024 us-gaap Nature Of Operations
NatureOfOperations
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%;padding-left:10.5pt">Nature of Operations</span><div style="padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">The Company</span></div><div style="margin-bottom:9pt;margin-top:9pt;padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">All references to "we", "us", "our" or the "Company" in the financial statements refer to Academy Sports and Outdoors, Inc., a Delaware corporation ("ASO, Inc.") and the current parent holding company of our operations, and its consolidated subsidiaries. We conduct our operations primarily through our parent holding company's indirect subsidiary, Academy, Ltd., a Texas limited partnership doing business as "Academy Sports + Outdoors", or Academy, Ltd. All of the Company’s sales and business operations occur at Academy, Ltd., and Academy, Ltd. is also the borrower and/or issuer of the Company’s long-term debt and lessee of facilities. On August 3, 2011, an investment entity owned by investment funds and other entities affiliated with Kohlberg Kravis Roberts &amp; Co. L.P. (collectively, "KKR"), acquired a majority interest in the Company. The Company completed an initial public offering (the "IPO") on October 6, 2020, and upon completion of the September 2021 Secondary Offering (as defined below), KKR no longer holds an ownership interest in the Company.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is a leading full-line sporting goods and outdoor recreational products retailer in the United States in terms of net sales. As of February 3, 2024, we operated 282 "Academy Sports + Outdoors" retail locations in 18 states and three distribution centers located in Katy, Texas, Twiggs County, Georgia and Cookeville, Tennessee. Our distribution centers receive, store and ship merchandise to our stores and customers. We also sell merchandise to customers across most of the United States via our </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">academy.com</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> website.</span></div><div style="padding-left:18pt;text-align:justify"><span><br/></span></div><div style="padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year </span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s fiscal year represents the 52 or 53 weeks ending on the Saturday closest to January 31 each year. References herein to 2023 relate to the 53-week fiscal year ended February 3, 2024, and references herein to 2022 and 2021 relate to the 52-week fiscal years ended January 28, 2023, and January 29, 2022, respectively.</span></div><div style="margin-top:9pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">May 2021 Secondary Offering and Stock Repurchase</span></div><div style="margin-top:9pt;padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On May 5, 2021, ASO, Inc. entered into an underwriting agreement (the “May 2021 Underwriting Agreement”), by and among ASO, Inc., Allstar LLC, Allstar Co-Invest Blocker L.P., KKR 2006 Allstar Blocker L.P., MSI 2011 LLC and MG Family Limited Partnership (collectively, the “May 2021 Selling Stockholders”), and Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters named therein (the “May 2021 Underwriters”), relating to an underwritten offering of 14,000,000 shares of common stock at $30.96 per share (the “May 2021 Secondary Offering”), pursuant to the Company’s Registration Statement on Form S-1 (File No. 333-255720), filed on May 3, 2021. The May 2021 Selling Stockholders granted the May 2021 Underwriters the option to purchase, within 30 days from the date of the May 2021 Underwriting Agreement, an additional 2,100,000 shares of common stock. On May 6, 2021, the May 2021 Underwriters exercised in full their option to purchase the additional shares. The May 2021 Secondary Offering also included the Company's repurchase and simultaneous retirement of 3,229,974 shares out of the 14,000,000 shares at $30.96 per share, the same price granted to the May 2021 Underwriters, which was at a discount to the prevailing market price at the time of repurchase (see "Share Repurchases" in Note 2). The May 2021 Secondary Offering was completed on May 10, 2021. The Company did not receive any proceeds from the May 2021 Secondary Offering.</span></div><div style="margin-top:9pt;padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The May 2021 Secondary Offering reduced the KKR ownership interest in the Company, resulting in a vesting event (the "2021 Vesting Event") for awards granted under the 2011 Unit Incentive Plan, whereby unvested time awards and performance-based awards which had previously met their performance targets vested and unvested performance-based awards which had not previously met their performance targets were forfeited. As a result, we incurred approximately $24.9 million in non-cash expenses related to equity-based compensation and approximately $15.4 million of cash expenses related to taxes on equity-based compensation. Additionally, approximately $8.2 million of Share-Based Award Payments (see Note 9) for equity-based compensation distributions were accelerated during the 2021 second quarter.</span></div><div style="margin-top:9pt;padding-left:18pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">September 2021 Secondary Offering and Stock Repurchase</span></div><div style="margin-top:9pt;padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On September 14, 2021, ASO, Inc. entered into an underwriting agreement (the “September 2021 Underwriting Agreement”), by and among ASO, Inc., Allstar LLC, Allstar Co-Invest Blocker L.P. and KKR 2006 Allstar Blocker L.P. (collectively, the “September 2021 Selling Stockholders”), and Credit Suisse Securities (USA) LLC, as representative of the several underwriters named therein (the “September 2021 Underwriters”), relating to an underwritten offering (the “September 2021 Secondary Offering”) of 18,645,602 shares of common stock at approximately $43.52 per share, pursuant to the Company’s Registration Statement on Form S-1 (File No. 333-259477), filed on September 13, 2021. The September 2021 Secondary Offering also included the Company’s repurchase and simultaneous retirement of 4,500,000 shares out of the 18,645,602 shares of common stock at approximately $43.52, the same price granted to the September 2021 Underwriters, which was at a discount to the prevailing market price at the time of repurchase (see "Share Repurchases" in Note 2). The September 2021 Secondary Offering was completed on September 17, 2021. The Company did not receive any proceeds from the September 2021 Secondary Offering.</span></div>
CY2024Q1 us-gaap Number Of Stores
NumberOfStores
282 location
CY2024Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
18 state
CY2024Q1 aso Number Of Distribution Centers
NumberOfDistributionCenters
3 distributioncenter
CY2024 us-gaap Fiscal Period
FiscalPeriod
<div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s fiscal year represents the 52 or 53 weeks ending on the Saturday closest to January 31 each year. References herein to 2023 relate to the 53-week fiscal year ended February 3, 2024, and references herein to 2022 and 2021 relate to the 52-week fiscal years ended January 28, 2023, and January 29, 2022, respectively.</span></div>
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
3229974 shares
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
24900000 usd
CY2021Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
15400000 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
8200000 usd
CY2021Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
4500000 shares
CY2024Q1 aso Number Of Vendors
NumberOfVendors
1400 vendor
CY2024 us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Our management bases its estimates on historical experience and other assumptions it believes to be reasonable under the circumstances. Actual results could differ significantly from those estimates. Our most significant estimates and assumptions that materially affect the financial statements involve difficult, subjective or complex judgments by management including the valuation of merchandise inventories, and performing goodwill, intangible and long-lived asset impairment analyses.
CY2024 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:9pt;padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Within the merchandise division sales table presented in Note 3, certain products and categories were recategorized among various categories and divisions, respectively, during 2023 to better align with our current merchandising strategy and view of the business. As a result, we have reclassified sales between divisions for 2022 and 2021 for comparability purposes. This reclassification is in divisional presentation only and did not impact the overall net sales balances previously disclosed.</span></div>
CY2024Q1 us-gaap Derivative Assets
DerivativeAssets
0 usd
CY2023Q1 us-gaap Derivative Assets
DerivativeAssets
0 usd
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments which subject us to potential credit risk consist of cash and cash equivalents. We have established guidelines to limit our exposure to credit risk on cash and cash equivalents by placing investments with high credit quality financial institutions. Deposits with these financial institutions may exceed the amount of insurance provided; however, these deposits typically are redeemable upon demand. We believe that the financial risks associated with these financial instruments are minimal.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We purchase merchandise inventories from approximately 1,400 vendors. In each of the years 2023, 2022 and 2021, purchases from our largest vendor represented approximately 11% of our total inventory purchases. No other vendor in any of the aforementioned years exceeded 10% of our purchases. We typically do not enter into long-term inventory purchase commitments, and we did not have any such commitments as of February 3, 2024 or January 28, 2023.</span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span><br/></span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A significant portion of our inventory purchases are manufactured outside of the United States, primarily in Asia. While we are not dependent on any single manufacturer outside of the United States, we could be adversely affected by political, health (including pandemic), safety, security, economic, tariff, climate, war or other disruptions affecting the business or operations of third-party manufacturers located outside of the United States.</span></div><div style="padding-left:18pt;text-align:justify"><span><br/></span></div><div style="padding-left:18pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s geographic concentration in the southern United States subjects us to certain regional risks, such as the state of regional economies, including downturns in the housing market, increased unemployment and gas prices. Other regional risks include legislation, politics, cultural views, severe weather conditions or man-made disasters (such as an oil spill closing large areas of hunting or fishing), fires, heat waves, freezes, hurricanes, tornadoes, large storms and floods and other natural disasters specific to the states in which the Company operates.</span></div>
CY2024Q1 us-gaap Inventory Net
InventoryNet
1194159000 usd
CY2024Q1 us-gaap Assets Current
AssetsCurrent
1644900000 usd
CY2024Q1 us-gaap Assets
Assets
4676713000 usd
CY2024Q1 aso Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
217932000 usd
CY2024Q1 us-gaap Liabilities Current
LiabilitiesCurrent
879858000 usd
CY2024Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
254796000 usd
CY2024Q1 us-gaap Liabilities
Liabilities
2722063000 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1711809000 usd
CY2024Q1 us-gaap Stockholders Equity
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1954650000 usd
CY2024Q1 us-gaap Liabilities And Stockholders Equity
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4676713000 usd
CY2024 us-gaap Cost Of Goods And Services Sold
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4049080000 usd
CY2024 us-gaap Gross Profit
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2110211000 usd
CY2024 us-gaap Operating Income Loss
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677855000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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663156000 usd
CY2024 us-gaap Income Tax Expense Benefit
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143966000 usd
CY2024 us-gaap Net Income Loss
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519190000 usd
CY2024 us-gaap Earnings Per Share Basic
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6.89
CY2024 us-gaap Earnings Per Share Diluted
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6.70
CY2024 us-gaap Net Income Loss
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519190000 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
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CY2024 us-gaap Inventory Lifo Reserve Period Charge
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CY2024 us-gaap Increase Decrease In Accrued Income Taxes Payable
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17640000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
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535779000 usd
CY2024Q1 us-gaap Supplier Finance Program Payment Timing Period
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P45D
CY2023Q1 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
8953000 usd
CY2022Q1 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
4430000 usd
CY2024 us-gaap Supplier Finance Program Obligation Increase
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44673000 usd
CY2023 us-gaap Supplier Finance Program Obligation Increase
SupplierFinanceProgramObligationIncrease
50791000 usd
CY2024 us-gaap Supplier Finance Program Obligation Decrease Settlement
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46452000 usd
CY2023 us-gaap Supplier Finance Program Obligation Decrease Settlement
SupplierFinanceProgramObligationDecreaseSettlement
46268000 usd
CY2024Q1 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
7174000 usd
CY2023Q1 us-gaap Supplier Finance Program Obligation
SupplierFinanceProgramObligation
8953000 usd
CY2024 us-gaap Interest Costs Capitalized
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2100000 usd
CY2023 us-gaap Interest Costs Capitalized
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600000 usd
CY2022 us-gaap Interest Costs Capitalized
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400000 usd
CY2024 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2024 us-gaap Number Of Operating Segments
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1 segment
CY2024 us-gaap Number Of Reporting Units
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1 segment
CY2022 us-gaap Goodwill Impairment Loss
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0 usd
CY2024 us-gaap Goodwill Impairment Loss
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0 usd
CY2023 us-gaap Goodwill Impairment Loss
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0 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 usd
CY2024 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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0 usd
CY2024 us-gaap Advertising Expense
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153700000 usd
CY2023 us-gaap Advertising Expense
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144500000 usd
CY2022 us-gaap Advertising Expense
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151200000 usd
CY2024 aso Number Of New Stores
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14 store
CY2023 aso Number Of New Stores
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9 store
CY2022 aso Number Of New Stores
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0 store
CY2024 us-gaap Pre Opening Costs
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8300000 usd
CY2023 us-gaap Pre Opening Costs
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5500000 usd
CY2022 us-gaap Pre Opening Costs
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200000 usd
CY2021Q3 us-gaap Stock Repurchase Program Authorized Amount1
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500000000 usd
CY2021Q3 us-gaap Stock Repurchase Program Period In Force1
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P3Y
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
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600000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Period In Force1
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P3Y
CY2023Q4 us-gaap Stock Repurchase Program Authorized Amount1
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600000000 usd
CY2023Q4 us-gaap Stock Repurchase Program Period In Force1
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CY2024 us-gaap Stock Repurchased And Retired During Period Shares
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CY2023 us-gaap Stock Repurchased And Retired During Period Shares
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11903636 shares
CY2022 us-gaap Stock Repurchased And Retired During Period Shares
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10566796 shares
CY2024 us-gaap Stock Repurchased And Retired During Period Value
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204200000 usd
CY2023 us-gaap Stock Repurchased And Retired During Period Value
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489500000 usd
CY2022 us-gaap Stock Repurchased And Retired During Period Value
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411400000 usd
CY2024 aso Share Repurchase Program Excise Tax
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1400000 usd
CY2023Q1 us-gaap Insurance Recoveries
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7200000 usd
CY2023Q1 us-gaap Gain Loss Related To Litigation Settlement
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3700000 usd
us-gaap Gain Loss Related To Litigation Settlement
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15900000 usd
CY2024 us-gaap Number Of Reportable Segments
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CY2024 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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6159291000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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6395073000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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6773128000 usd
CY2023Q1 aso Contract With Customer Liability1
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90650000 usd
CY2022Q1 aso Contract With Customer Liability1
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86568000 usd
CY2021Q1 aso Contract With Customer Liability1
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74253000 usd
CY2024 aso Contract With Customer Liability Increase From Cash Receipts
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134741000 usd
CY2023 aso Contract With Customer Liability Increase From Cash Receipts
ContractWithCustomerLiabilityIncreaseFromCashReceipts
134091000 usd
CY2022 aso Contract With Customer Liability Increase From Cash Receipts
ContractWithCustomerLiabilityIncreaseFromCashReceipts
136553000 usd
CY2024Q1 aso Contract With Customer Liability1
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94155000 usd
CY2023Q1 aso Contract With Customer Liability1
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90650000 usd
CY2022Q1 aso Contract With Customer Liability1
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86568000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
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491750000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
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594750000 usd
CY2024Q1 us-gaap Long Term Debt Current
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3000000 usd
CY2023Q1 us-gaap Long Term Debt Current
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3000000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount
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501000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount
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1340000 usd
CY2024Q1 us-gaap Deferred Finance Costs Net
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3698000 usd
CY2023Q1 us-gaap Deferred Finance Costs Net
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5954000 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
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484551000 usd
CY2023Q1 us-gaap Long Term Debt Noncurrent
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584456000 usd
CY2020Q4 us-gaap Repayments Of Secured Debt
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1431400000 usd
CY2024Q1 us-gaap Letters Of Credit Outstanding Amount
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11600000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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3000000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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3000000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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3000000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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482750000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
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491750000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
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980000000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
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1712135000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
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1513273000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1266926000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1161849000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
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445209000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
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351424000 usd
CY2024 us-gaap Depreciation
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110900000 usd
CY2023 us-gaap Depreciation
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106800000 usd
CY2022 us-gaap Depreciation
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105300000 usd
CY2024Q1 us-gaap Interest Payable Current
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6717000 usd
CY2023Q1 us-gaap Interest Payable Current
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7015000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
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30899000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
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57504000 usd
CY2024Q1 us-gaap Accrued Professional Fees Current
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1818000 usd
CY2023Q1 us-gaap Accrued Professional Fees Current
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3943000 usd
CY2024Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
14828000 usd
CY2023Q1 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
9302000 usd
CY2024Q1 us-gaap Self Insurance Reserve Current
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15269000 usd
CY2023Q1 us-gaap Self Insurance Reserve Current
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20941000 usd
CY2024Q1 aso Contract With Customer Liability Current1
ContractWithCustomerLiabilityCurrent1
96688000 usd
CY2023Q1 aso Contract With Customer Liability Current1
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92603000 usd
CY2024Q1 us-gaap Accrued Income Taxes Current
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9313000 usd
CY2023Q1 us-gaap Accrued Income Taxes Current
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6195000 usd
CY2024Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
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14239000 usd
CY2023Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
15921000 usd
CY2024Q1 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
6400000 usd
CY2023Q1 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
6100000 usd
CY2024Q1 us-gaap Other Sundry Liabilities Current
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21761000 usd
CY2023Q1 us-gaap Other Sundry Liabilities Current
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20645000 usd
CY2024Q1 aso Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
217932000 usd
CY2023Q1 aso Accrued Liabilities And Other Liabilities Current
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240169000 usd
CY2024 us-gaap Allocated Share Based Compensation Expense
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24377000 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21175000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
39264000 usd
CY2024 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5245000 usd
CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4494000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9075000 usd
CY2021Q2 us-gaap Share Based Compensation
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24900000 usd
CY2020Q3 us-gaap Distribution Made To Limited Liability Company Llc Member Cash Distributions Paid
DistributionMadeToLimitedLiabilityCompanyLLCMemberCashDistributionsPaid
257000000 usd
CY2020Q3 aso Distribution Made To Limited Liability Company Llc Member Distributions Paid Per Converted Unit
DistributionMadeToLimitedLiabilityCompanyLLCMemberDistributionsPaidPerConvertedUnit
3.546
CY2024 us-gaap Net Income Loss
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519190000 usd
CY2023 us-gaap Net Income Loss
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628001000 usd
CY2022 us-gaap Net Income Loss
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671381000 usd
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75389000 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81590000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90956000 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77469000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83895000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94284000 shares
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.89
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.70
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.38
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.70
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.49
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.12
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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128000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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24000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24000 shares
CY2024 us-gaap Current Federal Tax Expense Benefit
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125325000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
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127823000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2024 us-gaap Current State And Local Tax Expense Benefit
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22869000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
20645000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
15270000 usd
CY2024 us-gaap Current Foreign Tax Expense Benefit
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19000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
20000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
26000 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
148213000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
148488000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
108669000 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-3395000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
37971000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
69353000 usd
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-817000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3853000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
10139000 usd
CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-35000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
7000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4247000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
41831000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
79490000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
143966000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
190319000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
188159000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.025
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.025
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.026
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.005
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.006
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.013
CY2024 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.011
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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-0.007
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.026
CY2024 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.012
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.004
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
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0.217
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.233
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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0.219
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
620000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
570000 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
18810000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
17905000 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
7672000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
7947000 usd
CY2024Q1 us-gaap Deferred Tax Assets Gross
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27102000 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
26422000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
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34313000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
49995000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
6554000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
5143000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
13983000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
15496000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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227027000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
214292000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Other
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21000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Other
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539000 usd
CY2024Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
281898000 usd
CY2023Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
285465000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
254796000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
259043000 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits
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0 usd
CY2024Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2023 us-gaap Operating Lease Cost
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CY2021Q2 us-gaap Stock Repurchased And Retired During Period Shares
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30.96
CY2021Q2 us-gaap Stock Repurchased And Retired During Period Value
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1
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CY2024 us-gaap Defined Contribution Plan Cost Recognized
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15500000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
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15500000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
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CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2023Q2 us-gaap Gross Profit
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CY2023Q3 us-gaap Gross Profit
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CY2023Q2 us-gaap Operating Income Loss
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CY2023Q3 us-gaap Operating Income Loss
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CY2023Q4 us-gaap Operating Income Loss
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CY2023Q2 us-gaap Net Income Loss
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93970000 usd
CY2023Q3 us-gaap Net Income Loss
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CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
99978000 usd
us-gaap Net Income Loss
NetIncomeLoss
168167000 usd
CY2023Q2 us-gaap Earnings Per Share Basic
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1.22
CY2023Q3 us-gaap Earnings Per Share Basic
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CY2023Q4 us-gaap Earnings Per Share Basic
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2.01
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1.31
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2.21
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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76862000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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78091000 shares
CY2023Q4 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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CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q2 us-gaap Gross Profit
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CY2022Q3 us-gaap Gross Profit
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CY2023Q1 us-gaap Gross Profit
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CY2022Q2 us-gaap Operating Income Loss
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205493000 usd
CY2022Q3 us-gaap Operating Income Loss
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CY2023Q1 us-gaap Operating Income Loss
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204800000 usd
CY2022Q2 us-gaap Net Income Loss
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CY2022Q3 us-gaap Net Income Loss
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188801000 usd
CY2022Q4 us-gaap Net Income Loss
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CY2023Q1 us-gaap Net Income Loss
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157653000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
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1.73
CY2022Q3 us-gaap Earnings Per Share Basic
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2.28
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CY2023Q1 us-gaap Earnings Per Share Diluted
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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77657000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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88614000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84906000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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81379000 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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80074000 shares
us-gaap Gain Loss Related To Litigation Settlement
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15900000 usd
CY2023 us-gaap Insurance Recoveries
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7200000 usd
CY2022 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
3700000 usd

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