2019 Form 10-K Financial Statement

#000086343620000009 Filed on March 02, 2020

View on sec.gov

Income Statement

Concept 2019 2018 Q4 2018
Revenue $2.268B $657.1M $2.566B
YoY Change -11.63% -1.35% 4.56%
Cost Of Revenue $2.083B $601.9M $2.361B
YoY Change -11.78% -0.58% 5.92%
Gross Profit $185.5M $52.09M $205.8M
YoY Change -9.87% -14.12% -8.89%
Gross Profit Margin 8.18% 7.93% 8.02%
Selling, General & Admin $126.7M $34.00M $128.4M
YoY Change -1.33% 2.1% -1.5%
% of Gross Profit 68.31% 65.27% 62.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $48.43M $12.20M $51.84M
YoY Change -6.58% 0.83% 6.51%
% of Gross Profit 26.1% 23.42% 25.18%
Operating Expenses $126.7M $36.40M $128.4M
YoY Change -1.33% 2.25% -8.58%
Operating Profit $28.55M $15.69M $58.54M
YoY Change -51.24% -37.38% -23.8%
Interest Expense $6.664M -$300.0K $10.47M
YoY Change -36.37% -62.5% -361.83%
% of Operating Profit 23.35% -1.91% 17.89%
Other Income/Expense, Net $1.559M -$200.0K $628.0K
YoY Change 148.25% -60.0% -135.16%
Pretax Income $27.27M $14.80M -$23.65M
YoY Change -215.33% -28.16% 57.8%
Income Tax $3.844M -$8.600M $32.72M
% Of Pretax Income 14.1% -58.11%
Net Earnings $23.43M $27.72M $22.82M
YoY Change 2.66% -136.3% -171.52%
Net Earnings / Revenue 1.03% 4.22% 0.89%
Basic Earnings Per Share $0.61 $0.64 $0.49
Diluted Earnings Per Share $0.60 $0.64 $0.49
COMMON SHARES
Basic Shares Outstanding 38.34M 43.71M shares 46.33M
Diluted Shares Outstanding 38.76M 46.66M

Balance Sheet

Concept 2019 2018 Q4 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $347.6M $458.1M $458.1M
YoY Change -24.12% -38.3% -38.3%
Cash & Equivalents $347.6M $458.1M $458.1M
Short-Term Investments
Other Short-Term Assets $46.00M $27.00M $27.00M
YoY Change 70.37% -25.0% -25.0%
Inventory $315.0M $310.0M $310.0M
Prepaid Expenses
Receivables $485.5M $468.2M $608.2M
Other Receivables $1.100M $200.0K $200.0K
Total Short-Term Assets $1.195B $1.404B $1.404B
YoY Change -14.85% -13.93% -13.93%
LONG-TERM ASSETS
Property, Plant & Equipment $285.0M $211.0M $211.0M
YoY Change 35.07% 13.13% 13.14%
Goodwill $192.1M
YoY Change 0.26%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.90M $90.69M $9.100M
YoY Change 30.77% -6.05% -6.19%
Total Long-Term Assets $564.8M $496.2M $496.2M
YoY Change 13.83% 3.67% 3.68%
TOTAL ASSETS
Total Short-Term Assets $1.195B $1.404B $1.404B
Total Long-Term Assets $564.8M $496.2M $496.2M
Total Assets $1.760B $1.900B $1.900B
YoY Change -7.36% -9.93% -9.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $303.0M $422.1M $422.1M
YoY Change -28.22% 16.36% 16.38%
Accrued Expenses $139.5M $97.90M $97.90M
YoY Change 42.49% 14.24% 14.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.800M $6.800M $6.800M
YoY Change 29.41% -62.84% -62.84%
Total Short-Term Liabilities $459.2M $537.2M $537.2M
YoY Change -14.52% 12.3% 12.31%
LONG-TERM LIABILITIES
Long-Term Debt $138.9M $147.3M $147.3M
YoY Change -5.7% -23.84% -23.84%
Other Long-Term Liabilities $133.4M $68.80M $68.80M
YoY Change 93.9% -23.34% -23.3%
Total Long-Term Liabilities $272.3M $68.80M $216.1M
YoY Change 26.01% -23.34% -23.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $459.2M $537.2M $537.2M
Total Long-Term Liabilities $272.3M $68.80M $216.1M
Total Liabilities $745.0M $606.0M $767.6M
YoY Change -2.94% -21.32% -0.34%
SHAREHOLDERS EQUITY
Retained Earnings $584.3M
YoY Change -17.5%
Common Stock $4.136M
YoY Change -15.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.015B $1.132B $1.132B
YoY Change
Total Liabilities & Shareholders Equity $1.760B $1.900B $1.900B
YoY Change -7.36% -9.93% -9.93%

Cashflow Statement

Concept 2019 2018 Q4 2018
OPERATING ACTIVITIES
Net Income $23.43M $27.72M $22.82M
YoY Change 2.66% -136.3% -171.52%
Depreciation, Depletion And Amortization $48.43M $12.20M $51.84M
YoY Change -6.58% 0.83% 6.51%
Cash From Operating Activities $93.14M $94.00M $76.69M
YoY Change 21.45% 68.16% -47.42%
INVESTING ACTIVITIES
Capital Expenditures $32.58M -$13.80M $62.81M
YoY Change -48.13% -17.86% 23.67%
Acquisitions $0.00 $2.731M
YoY Change -100.0%
Other Investing Activities $54.00K $0.00 $147.0K
YoY Change -63.27% -100.0% -93.15%
Cash From Investing Activities -$34.86M -$13.80M -$68.85M
YoY Change -49.36% -26.2% 22.68%
FINANCING ACTIVITIES
Cash Dividend Paid $23.29M $21.01M
YoY Change 10.86%
Common Stock Issuance & Retirement, Net $122.1M $211.9M
YoY Change -42.36% 621.88%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -152.8M -97.30M -291.0M
YoY Change -47.47% 286.11% 828.07%
NET CHANGE
Cash From Operating Activities 93.14M 94.00M 76.69M
Cash From Investing Activities -34.86M -13.80M -68.85M
Cash From Financing Activities -152.8M -97.30M -291.0M
Net Change In Cash -94.15M -17.10M -284.4M
YoY Change -66.9% -242.5% -565.44%
FREE CASH FLOW
Cash From Operating Activities $93.14M $94.00M $76.69M
Capital Expenditures $32.58M -$13.80M $62.81M
Free Cash Flow $60.56M $107.8M $13.88M
YoY Change 336.34% 48.28% -85.4%

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CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
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11208000 USD
CY2017 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
206000 shares
CY2017 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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0 USD
CY2017 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
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12000 shares
CY2017 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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-383000 USD
CY2017 us-gaap Net Income Loss
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CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
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6027000 USD
CY2017Q4 us-gaap Common Stock Shares Outstanding
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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10089000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Shares
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CY2018 us-gaap Stock Repurchased And Retired During Period Value
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211858000 USD
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
200000 shares
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3631000 USD
CY2018 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
306000 shares
CY2018 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2018 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings
56000 shares
CY2018 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-1408000 USD
CY2018 us-gaap Dividends
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27209000 USD
CY2018 us-gaap Net Income Loss
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22817000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2018Q4 us-gaap Common Stock Shares Outstanding
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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10194000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Shares
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4719000 shares
CY2019 us-gaap Stock Repurchased And Retired During Period Value
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122110000 USD
CY2019 us-gaap Stock Issued During Period Shares Share Based Compensation
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82000 shares
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
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1585000 USD
CY2019 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
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311000 shares
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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0 USD
CY2019 us-gaap Restricted Stock Shares Issued Net Of Shares For Tax Withholdings
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CY2019 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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-2231000 USD
CY2019 us-gaap Dividends
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22621000 USD
CY2019 us-gaap Net Income Loss
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23425000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019Q4 us-gaap Common Stock Shares Outstanding
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1014832000 USD
CY2019 us-gaap Net Income Loss
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CY2019 us-gaap Depreciation
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CY2017 us-gaap Depreciation
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CY2019 us-gaap Adjustment For Amortization
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11315000 USD
CY2018 us-gaap Adjustment For Amortization
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CY2017 us-gaap Adjustment For Amortization
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CY2018 us-gaap Provision For Doubtful Accounts
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1712000 USD
CY2017 us-gaap Provision For Doubtful Accounts
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1697000 USD
CY2019 us-gaap Deferred Income Taxes And Tax Credits
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-2367000 USD
CY2018 us-gaap Deferred Income Taxes And Tax Credits
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7628000 USD
CY2017 us-gaap Deferred Income Taxes And Tax Credits
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7422000 USD
CY2019 us-gaap Asset Impairment Charges
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CY2018 us-gaap Asset Impairment Charges
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96000 USD
CY2017 us-gaap Asset Impairment Charges
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42000 USD
CY2019 us-gaap Insurance Recoveries
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5000000 USD
CY2018 us-gaap Insurance Recoveries
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CY2017 us-gaap Insurance Recoveries
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CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-53000 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
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262000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
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202000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
10194000 USD
CY2018 us-gaap Share Based Compensation
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10089000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
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-134926000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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33952000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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CY2019 us-gaap Increase Decrease In Contract With Customer Asset
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20979000 USD
CY2018 us-gaap Increase Decrease In Contract With Customer Asset
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-6414000 USD
CY2017 us-gaap Increase Decrease In Contract With Customer Asset
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-9710000 USD
CY2019 us-gaap Increase Decrease In Inventories
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5238000 USD
CY2018 us-gaap Increase Decrease In Inventories
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43264000 USD
CY2017 us-gaap Increase Decrease In Inventories
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24570000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-2494000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-10238000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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7812000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable Trade
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-121860000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable Trade
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61391000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable Trade
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29542000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
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28877000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
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5778000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
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13519000 USD
CY2019 us-gaap Increase Decrease In Leasing Receivables
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-1029000 USD
CY2018 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
0 USD
CY2017 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
0 USD
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-10287000 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
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87251000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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93136000 USD
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76687000 USD
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145842000 USD
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50000 USD
CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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522000 USD
CY2017 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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250000 USD
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32576000 USD
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CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
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259000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
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239000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
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2542000 USD
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CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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2731000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
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54000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
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147000 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
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2145000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-68849000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-56121000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
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1585000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
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3631000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
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11208000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2231000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1408000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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383000 USD
CY2019 us-gaap Payments Of Dividends
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23287000 USD
CY2018 us-gaap Payments Of Dividends
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21005000 USD
CY2017 us-gaap Payments Of Dividends
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0 USD
CY2019 us-gaap Proceeds From Issuance Of Medium Term Notes
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0 USD
CY2018 us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
50000000 USD
CY2017 us-gaap Proceeds From Issuance Of Medium Term Notes
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100000000 USD
CY2019 us-gaap Repayments Of Long Term Debt And Capital Securities
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6794000 USD
CY2018 us-gaap Repayments Of Long Term Debt And Capital Securities
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108024000 USD
CY2017 us-gaap Repayments Of Long Term Debt And Capital Securities
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112396000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
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122110000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
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211858000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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29348000 USD
CY2019 us-gaap Payments Of Financing Costs
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CY2018 us-gaap Payments Of Financing Costs
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2303000 USD
CY2017 us-gaap Payments Of Financing Costs
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433000 USD
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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418000 USD
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2744000 USD
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-94146000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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61113000 USD
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458102000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
742546000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
681433000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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363956000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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458102000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
742546000 USD
CY2019Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
154400000 USD
CY2018Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
265400000 USD
CY2019 us-gaap Provision For Doubtful Accounts
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8600000 USD
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1700000 USD
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1700000 USD
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49680000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38763000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46655000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49680000 shares
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.64
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.64
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000 shares
CY2019 us-gaap Net Income Loss
NetIncomeLoss
23425000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
22817000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-31901000 USD
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38338000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46332000 shares
CY2019 us-gaap Allocated Share Based Compensation Expense
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10200000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10100000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7800000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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2400000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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2400000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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2800000 USD
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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1600000 USD
CY2018 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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3600000 USD
CY2017 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
11200000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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2300000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
2500000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
5000000.0 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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700000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2300000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7700000 USD
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">(m) Use of Estimates</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Management of the Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these financial statements in accordance with U.S. GAAP. On an ongoing basis, management evaluates these estimates, including those related to</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">accounts receivable, inventories, income taxes, long-lived assets, leases, goodwill, stock-based compensation and contingencies and litigation. Actual results could differ from those estimates.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p>
CY2019 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
1700000 USD
CY2018 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
1000000.0 USD
CY2017 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
2100000 USD
CY2019 us-gaap Lease Practical Expedients Package
LeasePracticalExpedientsPackage
true
CY2019 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised.
CY2019 us-gaap Lessee Operating Lease Option To Terminate
LesseeOperatingLeaseOptionToTerminate
Lease terms include options to extend or terminate the lease when it is reasonably certain that those options will be exercised.
CY2019 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2019 us-gaap Lessee Operating Lease Existence Of Option To Terminate
LesseeOperatingLeaseExistenceOfOptionToTerminate
true
CY2018 us-gaap Payments To Acquire Businesses Gross
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2700000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
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161100000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net Current
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140100000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net
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140082000 USD
CY2017Q4 us-gaap Contract With Customer Asset Net
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146496000 USD
CY2019 bhe Contract With Customer Asset Revenue Recognized
ContractWithCustomerAssetRevenueRecognized
2076680000 USD
CY2018 bhe Contract With Customer Asset Revenue Recognized
ContractWithCustomerAssetRevenueRecognized
2387333000 USD
CY2019 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
-2055701000 USD
CY2018 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
-2393747000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net
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161061000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
140082000 USD
CY2019Q4 us-gaap Inventory Raw Materials
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304069000 USD
CY2018Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
300439000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
8282000 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
7321000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2605000 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2215000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
314956000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
309975000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
684507000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
671662000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
478688000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
460708000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
205819000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
210954000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
191616000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
191616000 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
500000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
192116000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
192116000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
179195000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
103402000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
75793000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
92578000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
84105000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9461000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9485000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10065000 USD
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1393000 USD
CY2018 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1198000 USD
CY2017 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
1078000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
461000 USD
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2717000 USD
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
861000 USD
CY2019 us-gaap Adjustment For Amortization
AdjustmentForAmortization
11315000 USD
CY2018 us-gaap Adjustment For Amortization
AdjustmentForAmortization
13400000 USD
CY2017 us-gaap Adjustment For Amortization
AdjustmentForAmortization
12004000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
10695000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
8098000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7946000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6718000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
5555000 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1616000 USD
CY2018Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2077000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
142759000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
147923000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
7500000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
7500000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
7500000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
121900000 USD
CY2019 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The Company has entered into leases for certain facilities, vehicles and other equipment. The Company’s leases consist mainly of operating leases which expire at various dates through 2036.
CY2019 us-gaap Lessee Operating Lease Variable Lease Payment Terms And Conditions
LesseeOperatingLeaseVariableLeasePaymentTermsAndConditions
Variable lease payments are generally expensed as incurred and include certain index-based changes in rent, certain nonlease components, such as maintenance and other services provided by the lessor, and other charges included in the lease.
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22530000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
936000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
78941000 USD
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
711000 USD
CY2019 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
548000 USD
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
17014000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
566000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
1899000 USD
CY2019 us-gaap Lease Cost
LeaseCost
20738000 USD
CY2019 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
578000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
15169000 USD
CY2019 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1168000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15501000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2311000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
76859000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1325000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3654000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11043000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
67898000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
14552000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1781000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
12168000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1816000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10399000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1853000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9751000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
465000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8585000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
46016000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
101471000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
5915000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
4979000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
15272000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
1746000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
14518000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
1781000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
12203000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
1816000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
10466000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
1853000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
9890000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
465000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
47868000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
110217000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
7661000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
1514000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
6147000 USD
CY2018Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
1168000 USD
CY2018Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
4979000 USD
CY2018Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000 USD
CY2015Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 USD
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 USD
CY2019Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
79500000 USD
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4700000 shares
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
122100000 USD
CY2019 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
25.86
CY2018 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
8200000 shares
CY2018 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
211900000 USD
CY2018 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
25.71
CY2017 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1000000.0 shares
CY2017 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
29300000 USD
CY2017 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
30.46
CY2019 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
23300000 USD
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
21000000.0 USD
CY2019 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2019-12-30
CY2019 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2020-01-13
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3300000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1197000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.51
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.28
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
19000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
19.76
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
596000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.72
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
18.21
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
22000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
22.99
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
374000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.35
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
100000 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
21.21
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
4000 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
21.29
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
270000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.02
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3878000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
270000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
20.02
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
3878000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
300000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
300000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
400000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
20.02
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
20.07
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
18.56
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-1697000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-14831000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-550000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-213000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
41025000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
79186000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
85989000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
85633000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-3567000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10110000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
804000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
11474000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
29817000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
9047000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6210000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
25096000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
95484000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1815000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-249000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
8337000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1409000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-5590000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
8427000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-702000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2366000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7628000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
7422000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3844000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32724000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
102906000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-13756000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-23645000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-14984000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
27269000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
55541000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
71005000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
5727000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
11664000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
24852000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1705000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7553000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
384000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-5870000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-11945000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-20703000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-2283000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2114000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-203000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
118000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-143000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
-1658000 USD
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CY2019 bhe Majorcustomerstextblock
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<p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Note 11—Major Customers </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">The Company’s customers operate in industries that are, to a varying extent, subject to rapid technological change, vigorous competition and short product life cycles. Developments adverse to the electronics industry, the Company’s customers or their products could impact the Company’s overall credit risk.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">The Company extends credit based on evaluation of its customers’ financial condition and generally does not require collateral or other security from its customers and would incur a loss equal to the carrying value of the accounts receivable if its customer failed to perform according to the terms of the credit arrangement.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Sales to the </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">ten largest customers represented </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">38%, </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">44% and </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">46% of total sales for 2019, 2018 and 2017, respectively. </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Sales to our largest customers were as follows for the indicated periods:</span></p><table style="border-collapse: collapse; border: none; margin-bottom: 0.001pt; width: 100%; margin-left: 0.00pt"><tr style="height: 0.10in"><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 59%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 9.00pt"> </span></p></td><td colspan="7" style="vertical-align: bottom; width: 36%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 9.00pt">Year ended December 31,</span></p></td></tr><tr style="height: 0.10in"><td colspan="3" style="vertical-align: bottom; width: 63%; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 9.00pt">(in thousands)</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 9.00pt">2019</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="font-family: 'Times New Roman', 'serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="font-family: 'Times New Roman', 'serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 9.00pt">2018</span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="font-family: 'Times New Roman', 'serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; border-top: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="font-family: 'Times New Roman', 'serif'; font-size: 9.00pt"> </span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; border-bottom: solid #000000 0.5pt; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 9.00pt">2017</span></p></td></tr><tr style="height: 0.10in"><td style="vertical-align: bottom; width: 1%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 62%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">International Business Machines Corporation</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">*</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">323,795</span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; border-top: solid #000000 0.5pt; background: #CCEEFF; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">284,636</span></p></td></tr><tr style="height: 0.10in"><td style="vertical-align: bottom; width: 1%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td colspan="2" style="vertical-align: bottom; width: 62%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Applied Materials, Inc.</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">*</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">*</span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0"><p style="margin-bottom: 0"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p></td><td style="vertical-align: bottom; width: 2%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: right"><p style="margin-bottom: 0; text-align: right"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">$</span></p></td><td style="vertical-align: bottom; width: 10%; padding-top: 0; padding-right: 0; padding-bottom: 0; padding-left: 0; text-align: center"><p style="margin-bottom: 0; text-align: center"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">248,183</span></p></td></tr></table><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">* amount is less than 10% of total sales.</span>
CY2019 bhe Numberoflargestcustomersaccountedforportionofrevenue
Numberoflargestcustomersaccountedforportionofrevenue
10
CY2018 bhe Numberoflargestcustomersaccountedforportionofrevenue
Numberoflargestcustomersaccountedforportionofrevenue
10
CY2017 bhe Numberoflargestcustomersaccountedforportionofrevenue
Numberoflargestcustomersaccountedforportionofrevenue
10
CY2019 bhe Percentageofrevenueaccountedbymajorcustomers
Percentageofrevenueaccountedbymajorcustomers
0.38 pure
CY2018 bhe Percentageofrevenueaccountedbymajorcustomers
Percentageofrevenueaccountedbymajorcustomers
0.44 pure
CY2017 bhe Percentageofrevenueaccountedbymajorcustomers
Percentageofrevenueaccountedbymajorcustomers
0.46 pure
CY2019 bhe Financialinstrumentsandconcentrationofcreditrisktextblock
Financialinstrumentsandconcentrationofcreditrisktextblock
<p style="margin-top: 0; margin-bottom: 0; text-align: left; vertical-align: baseline"><span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-weight: bold; font-size: 10.00pt">Note 12—Financial Instruments and Concentration of Credit Risk</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">The Company’s financial instruments include cash equivalents, accounts and other receivables, accounts payable, accrued liabilities and long-term debt and finance lease obligations. The Company believes that the carrying values of these instruments approximate fair value. As of December 31, 2019, the Company’s long-term investments and derivative instruments were recorded at fair value using Level 3 inputs. The Company uses derivative instruments to manage the variability of foreign currency obligations and interest rates. The Company does not enter into derivative arrangements for speculative purposes.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">The forward currency exchange contract in place as of December 31, 2019 has not been designated as accounting hedge and, therefore, changes in fair value are recorded within the Consolidated Statements of Income.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">The Company has an interest rate swap agreement with a notional amount of $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">144.4 million and $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">150.0 million as of December 31, 2019 and 2018, respectively, to hedge a portion of its interest rate exposure on outstanding borrowings under the Credit Agreement. Under this interest rate swap agreement, the Company receives variable rate interest payments based on the one-month LIBOR rate and pays fixed rate interest payments. The fixed interest</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">rate for the contract is </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">2.928%. The effect of this swap is to convert all of the floating rate interest expense to fixed interest rate expense. Based on the terms of the interest rate swap contract and the underlying borrowings outstanding under the Credit Agreement, the interest rate contract was determined to be highly effective, and thus qualifies and has been designated as a cash flow hedge. As such, changes in the fair value of the interest rate swap are recorded in other comprehensive income on the accompanying Consolidated Balance Sheets until earnings are affected by the variability of cash flows. As of December 31, 2017, the Company had an interest rate swap agreement with a notional amount of $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">155.3 million with a fixed interest rate of </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1.4935%. During 2018, the Company terminated this agreement for $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">3.5 million and the gain is being amortized to offset interest expense over the original term of the swap agreement. </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">The fair value of the interest rate swap agreements was a $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">6.3 million liability as of December 31, 2019 and a $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">3.0 million liability as of December 31, 2018. During the year ended December 31, 2019, the Company recorded unrealized losses of $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">3.3 million ($</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">2.5 million net of tax) on the swaps in other comprehensive income and transferred unrealized gains of $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1.7 million ($</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1.2 million net of tax) on the swaps to interest expense. During the year ended December 31, 2018, the Company recorded unrealized gains of $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1.5 million ($</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1.1 million net of tax) on the swap in other comprehensive income and transferred unrealized gains of $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">0.3 million ($</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">0.2 million net of tax) on the swaps to interest expense. During the year ended December 31, 2017, the Company recorded unrealized gains of $</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">1.5 million ($</span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">0.9 million net of tax) on the swap in other comprehensive income. See Note 22.</span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt"> </span></p><p style="margin-top: 0; margin-bottom: 0; text-align: left"><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">Financial instruments that subject the Company to credit risk consist of cash and cash equivalents, investments and trade accounts receivable. Management maintains the majority of the Company’s cash and cash equivalents with financial institutions. </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">One of the most significant credit risks is the ultimate realization of accounts receivable. This risk is mitigated by (i) sales to well established companies, (ii) ongoing credit evaluation of customers, and (iii) frequent contact with customers, thus enabling management to monitor current changes in business operations and to respond accordingly. Management considers these concentrations of credit risks in establishing our allowance for doubtful accounts and believes these allowances are adequate. The Company had one customer whose gross accounts receivable exceeded <span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">10% of total gross accounts receivable as of December 31, 2019.</span> Our largest customer represented </span><span style="font-family: 'Times New Roman', 'serif'; font-size: 10.00pt">12.1% of our total gross accounts receivable.</span></p>
CY2019 us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
One of the most significant credit risks is the ultimate realization of accounts receivable. This risk is mitigated by (i) sales to well established companies, (ii) ongoing credit evaluation of customers, and (iii) frequent contact with customers, thus enabling management to monitor current changes in business operations and to respond accordingly. Management considers these concentrations of credit risks in establishing our allowance for doubtful accounts and believes these allowances are adequate. The Company had one customer whose gross accounts receivable exceeded 10% of total gross accounts receivable as of December 31, 2019.
CY2019 bhe Maximum Limit Accounts Receivable Sale Program
MaximumLimitAccountsReceivableSaleProgram
120000000.0 USD
CY2019 bhe Trade Accounts Receivable Sold
TradeAccountsReceivableSold
284000000.0 USD
CY2018 bhe Trade Accounts Receivable Sold
TradeAccountsReceivableSold
160000000.0 USD
CY2019 bhe Amount Received From Trade Accounts Receivable Sold To Third Party
AmountReceivedFromTradeAccountsReceivableSoldToThirdParty
283200000 USD
CY2018 bhe Amount Received From Trade Accounts Receivable Sold To Third Party
AmountReceivedFromTradeAccountsReceivableSoldToThirdParty
159500000 USD
CY2017 us-gaap Revenues
Revenues
2454479000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
48427000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
51839000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
48672000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
28545000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
58538000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
76826000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
35118000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
66732000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
54506000 USD
CY2019Q4 us-gaap Assets
Assets
1759874000 USD
CY2018Q4 us-gaap Assets
Assets
1899783000 USD
CY2017Q4 us-gaap Assets
Assets
2109304000 USD
CY2017 us-gaap Revenues
Revenues
2454479000 USD
CY2019Q4 us-gaap Noncurrent Assets
NoncurrentAssets
367402000 USD
CY2018Q4 us-gaap Noncurrent Assets
NoncurrentAssets
301589000 USD
CY2019 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
11000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
3956000 USD
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
290000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
5197000 USD
CY2019Q1 us-gaap Revenues
Revenues
602820000 USD
CY2019Q2 us-gaap Revenues
Revenues
601602000 USD
CY2019Q3 us-gaap Revenues
Revenues
555229000 USD
CY2019Q4 us-gaap Revenues
Revenues
508444000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
53800000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
52998000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
52883000 USD
CY2019Q4 us-gaap Gross Profit
GrossProfit
40725000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
13773000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
9447000 USD
CY2017Q4 us-gaap Noncurrent Assets
NoncurrentAssets
282480000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2268095000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2566465000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2454479000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
1335000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
8507000 USD
CY2019 us-gaap Payments For Restructuring
PaymentsForRestructuring
4931000 USD
CY2019 us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
944000 USD
CY2018 us-gaap Payments For Restructuring
PaymentsForRestructuring
4012000 USD
CY2018 us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
116000 USD
CY2018 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
24000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
1335000 USD
CY2019 bhe Ransomware Related Incident Costs Net
RansomwareRelatedIncidentCostsNet
7700000 USD
CY2019 us-gaap Insurance Recoveries
InsuranceRecoveries
5000000.0 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
7136000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-6931000 USD
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2018Q1 us-gaap Revenues
Revenues
608136000 USD
CY2018Q2 us-gaap Revenues
Revenues
660591000 USD
CY2018Q3 us-gaap Revenues
Revenues
640688000 USD
CY2018Q4 us-gaap Revenues
Revenues
657050000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
58318000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
54299000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
52777000 USD
CY2018Q4 us-gaap Gross Profit
GrossProfit
55199000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-23641000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
10943000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
7799000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
27716000 USD
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.49
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.49
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
CY2017Q1 us-gaap Revenues
Revenues
557903000 USD
CY2017Q2 us-gaap Revenues
Revenues
619611000 USD
CY2017Q3 us-gaap Revenues
Revenues
610929000 USD
CY2017Q4 us-gaap Revenues
Revenues
666036000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
59484000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
58243000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
60661000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
8555000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
18074000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
17831000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-76361000 USD
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.54
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.54
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-14176000 USD
CY2017 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
6027000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6027000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6148000 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7761000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-8149000 USD
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-2739000 USD
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
236000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2975000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-11124000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-4393000 USD
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1242000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5635000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-16759000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
16895000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
48918000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6453000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
8347000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
7868000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
8698000 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
9119000 USD

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