2019 Q1 Form 10-Q Financial Statement

#000153115219000110 Filed on November 27, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2018 Q3
Revenue $3.417B $3.222B $3.307B
YoY Change -3.91% 4.46% 4.41%
Cost Of Revenue $2.788B $2.630B $2.719B
YoY Change -5.0% 4.21% 3.99%
Gross Profit $628.9M $592.1M $588.5M
YoY Change 1.23% 5.55% 6.35%
Gross Profit Margin 18.41% 18.38% 17.8%
Selling, General & Admin $519.1M $499.6M $549.2M
YoY Change -1.8% 4.01% 15.05%
% of Gross Profit 82.54% 84.37% 93.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.80M $39.90M $41.10M
YoY Change -2.21% -2.92% -0.24%
% of Gross Profit 6.33% 6.74% 6.98%
Operating Expenses $519.1M $499.6M $549.2M
YoY Change -1.8% 4.01% 15.05%
Operating Profit $109.8M $90.33M $38.67M
YoY Change 18.5% 12.15% -48.28%
Interest Expense -$26.70M -$33.00M -$59.60M
YoY Change -42.58% -21.99% 36.07%
% of Operating Profit -24.31% -36.53% -154.11%
Other Income/Expense, Net
YoY Change
Pretax Income $83.10M $57.30M -$20.88M
YoY Change 79.87% 49.92% -167.44%
Income Tax $19.40M $2.730M -$15.39M
% Of Pretax Income 23.35% 4.76%
Net Earnings $64.31M $54.43M -$5.614M
YoY Change -3.59% 138.99% -128.48%
Net Earnings / Revenue 1.88% 1.69% -0.17%
Basic Earnings Per Share $0.47 $0.40 -$0.05
Diluted Earnings Per Share $0.46 $0.39 -$0.05
COMMON SHARES
Basic Shares Outstanding 137.8M shares 135.0M shares 106.9M shares
Diluted Shares Outstanding 139.4M shares 106.9M shares

Balance Sheet

Concept 2019 Q1 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.10M $31.50M $31.30M
YoY Change
Cash & Equivalents $27.15M $31.50M $31.31M
Short-Term Investments
Other Short-Term Assets $63.50M $104.3M $107.4M
YoY Change
Inventory $1.052B $1.245B $1.005B
Prepaid Expenses
Receivables $194.3M $179.1M $165.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.337B $1.560B $1.309B
YoY Change 0.05% 8.73% 2.37%
LONG-TERM ASSETS
Property, Plant & Equipment $748.8M $745.9M $747.7M
YoY Change -1.31% 0.15% 1.56%
Goodwill $924.1M $924.1M $924.1M
YoY Change 0.0% 0.0% 0.0%
Intangibles $200.9M $206.7M $212.6M
YoY Change -10.68% -10.8% -11.02%
Long-Term Investments
YoY Change
Other Assets $28.30M $28.27M $27.44M
YoY Change -4.05% -8.56% -11.86%
Total Long-Term Assets $1.902B $1.905B $1.912B
YoY Change -1.82% -1.37% -0.96%
TOTAL ASSETS
Total Short-Term Assets $1.337B $1.560B $1.309B
Total Long-Term Assets $1.902B $1.905B $1.912B
Total Assets $3.239B $3.465B $3.221B
YoY Change -1.06% 2.93% 0.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $816.9M $976.5M $783.1M
YoY Change 8.64% 9.58% 4.15%
Accrued Expenses $504.8M $485.8M $473.5M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $254.4M $389.4M $62.25M
YoY Change 15.76% 68.38% -73.65%
Total Short-Term Liabilities $1.578B $1.854B $1.321B
YoY Change 7.36% 18.05% -7.41%
LONG-TERM LIABILITIES
Long-Term Debt $1.546B $1.549B $1.894B
YoY Change -37.96% -38.74% -25.25%
Other Long-Term Liabilities $280.3M $266.6M $270.7M
YoY Change 4.82% -0.3% 1.05%
Total Long-Term Liabilities $1.827B $1.816B $2.165B
YoY Change -33.81% -35.07% -22.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.578B $1.854B $1.321B
Total Long-Term Liabilities $1.827B $1.816B $2.165B
Total Liabilities $3.404B $3.670B $3.486B
YoY Change -19.51% -15.97% -17.57%
SHAREHOLDERS EQUITY
Retained Earnings -$915.1M -$979.4M -$1.034B
YoY Change -12.21% -11.08% -8.04%
Common Stock $743.5M $739.5M $732.7M
YoY Change 19704.29% 10208.2% 13802.96%
Preferred Stock
YoY Change
Treasury Stock (at cost) $19.11M $19.11M $19.11M
YoY Change
Treasury Stock Shares 782.0K shares 782.0K shares 782.0K shares
Shareholders Equity -$202.1M -$256.6M -$317.9M
YoY Change
Total Liabilities & Shareholders Equity $3.239B $3.465B $3.221B
YoY Change -1.06% 2.93% 0.37%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $64.31M $54.43M -$5.614M
YoY Change -3.59% 138.99% -128.48%
Depreciation, Depletion And Amortization $39.80M $39.90M $41.10M
YoY Change -2.21% -2.92% -0.24%
Cash From Operating Activities $176.2M $47.70M $137.8M
YoY Change 60.62% 2.8% 15.7%
INVESTING ACTIVITIES
Capital Expenditures -$42.60M -$27.60M -$33.60M
YoY Change -17.12% -30.65% 53.42%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$42.60M -$27.60M -$33.60M
YoY Change -17.12% -30.65% 53.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -138.0M -19.80M -103.5M
YoY Change 150.45% 160.53% 7.7%
NET CHANGE
Cash From Operating Activities 176.2M 47.70M 137.8M
Cash From Investing Activities -42.60M -27.60M -33.60M
Cash From Financing Activities -138.0M -19.80M -103.5M
Net Change In Cash -4.400M 300.0K 700.0K
YoY Change -237.5% -130.0% -36.36%
FREE CASH FLOW
Cash From Operating Activities $176.2M $47.70M $137.8M
Capital Expenditures -$42.60M -$27.60M -$33.60M
Free Cash Flow $218.8M $75.30M $171.4M
YoY Change 35.82% -12.65% 21.56%

Facts In Submission

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CY2018Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.048
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.136
CY2019Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.246
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.226
CY2019Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
624000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1883000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
1883000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
16374000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
34529000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
20281000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
3439000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3439000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3439000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
3412000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
519000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
18155000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
530000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
453000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
19300000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
282000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
846000 USD
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.083
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P9Y7M
CY2018Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1012195000 USD
CY2019Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1039360000 USD
CY2019Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1130854000 USD
CY2018Q4 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-6246000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-25405000 USD
CY2019Q4 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2032000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-2032000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
924134000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
924134000 USD
CY2019Q1 us-gaap Goodwill
Goodwill
924134000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
54568000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
63379000 USD
CY2019Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
55196000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
145574000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
57298000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
55784000 USD
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
73230000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
188081000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.40
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.58
CY2019Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.41
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.07
CY2018Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.39
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.55
CY2019Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.40
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.04
CY2018Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-137000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-425000 USD
CY2019Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-104000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-161000 USD
CY2018Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2019Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2018Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2019Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2730000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7595000 USD
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18034000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42507000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
14992000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
33424000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
231687000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
162111000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-11233000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8317000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-16489000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-38847000 USD
us-gaap Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
-29057000 USD
us-gaap Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
-1820000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
225972000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
218866000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-703000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1400000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-4780000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-1727000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-11613000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-14051000 USD
CY2018Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4349499 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4781572 shares
CY2019Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2671014 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3089663 shares
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
206706000 USD
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
200870000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
150357000 USD
CY2018Q4 us-gaap Interest And Debt Expense
InterestAndDebtExpense
33029000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
137787000 USD
CY2019Q4 us-gaap Interest And Debt Expense
InterestAndDebtExpense
27702000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
82274000 USD
CY2018Q4 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
-12000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
145000 USD
CY2019Q4 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
18000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
49000 USD
CY2018Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
24411000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
104173000 USD
CY2019Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
23741000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
74439000 USD
CY2018Q4 us-gaap Interest Expense Lessee Assets Under Capital Lease
InterestExpenseLesseeAssetsUnderCapitalLease
1037000 USD
us-gaap Interest Expense Lessee Assets Under Capital Lease
InterestExpenseLesseeAssetsUnderCapitalLease
3122000 USD
CY2019Q4 us-gaap Interest Expense Lessee Assets Under Capital Lease
InterestExpenseLesseeAssetsUnderCapitalLease
624000 USD
us-gaap Interest Expense Lessee Assets Under Capital Lease
InterestExpenseLesseeAssetsUnderCapitalLease
1883000 USD
us-gaap Interest Paid Net
InterestPaidNet
127253000 USD
us-gaap Interest Paid Net
InterestPaidNet
75354000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
1245110000 USD
CY2019Q1 us-gaap Inventory Net
InventoryNet
1052306000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
1271172000 USD
CY2019Q4 us-gaap Lease Cost
LeaseCost
81872000 USD
us-gaap Lease Cost
LeaseCost
243549000 USD
CY2018Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
197006000 USD
CY2019Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
203394000 USD
CY2019Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
211824000 USD
CY2019Q4 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P20Y
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3159034000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1902834000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
278809000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
296416000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
310582000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
316376000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
54017000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1056626000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3464955000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3239285000 USD
CY2019Q1 us-gaap Liabilities Current
LiabilitiesCurrent
1577688000 USD
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2051807000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5478081000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1853807000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
1549406000 USD
CY2019Q1 us-gaap Long Term Debt
LongTermDebt
1546471000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
1339700000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
389377000 USD
CY2019Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
254377000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
449377000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1549406000 USD
CY2019Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1546471000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1339700000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-151005000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-74272000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-103340000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-144428000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
250893000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
221522000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
14137000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-5614000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
54431000 USD
us-gaap Net Income Loss
NetIncomeLoss
62954000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
35798000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
54523000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
55092000 USD
us-gaap Net Income Loss
NetIncomeLoss
145413000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2019Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
17 state
CY2019Q4 us-gaap Number Of Stores
NumberOfStores
218 warehouse_club
CY2019Q4 us-gaap Number Of Stores
NumberOfStores
144 gas_station
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
90327000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
193571000 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
100932000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
270355000 USD
CY2019Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
80966000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
240727000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2102408000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
121961000 USD
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2019Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1980447000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
232892000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2067626000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.082
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y1M
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
3245562000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
309785000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
264363000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
282841000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
299410000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
310956000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1778207000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28265000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28297000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
17897000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
0 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-3755000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-11540000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-787000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-16083000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
-305000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
-6253000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
0 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-787000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-16083000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
266550000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
280273000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
160127000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1826000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2539000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
19109000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
67305000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
982000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
5081000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
103340000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
144428000 USD
CY2018Q4 us-gaap Pre Opening Costs
PreOpeningCosts
2207000 USD
us-gaap Pre Opening Costs
PreOpeningCosts
4065000 USD
CY2019Q4 us-gaap Pre Opening Costs
PreOpeningCosts
6304000 USD
us-gaap Pre Opening Costs
PreOpeningCosts
10727000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
104258000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
63454000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
55285000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
690970000 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
726000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1302000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1114000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-40000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1621166000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1656746000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1786007000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
745889000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
748778000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
775659000 USD
CY2018Q3 us-gaap Reclassifications Of Temporary To Permanent Equity
ReclassificationsOfTemporaryToPermanentEquity
-13202000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
975633000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
200000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1095000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
919000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
32323000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11533000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-979420000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-915113000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-758131000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3221663000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9590465000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3229404000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9718382000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
136200000 USD
CY2018Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
499554000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1534314000 USD
CY2019Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
510410000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1523480000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
54746000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13984000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
781866 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
143205 shares
CY2018Q3 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
13202000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
726000 USD
CY2018Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
685889000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-2210000 USD
CY2018Q2 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
12000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
-1029857000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
-1024605000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
-317873000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-256618000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
-202084000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
-148309000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
-164586000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
-104486000 USD
CY2018Q2 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
7
CY2018Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
10438000 USD
CY2018Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
13202000 USD
CY2018Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2018Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2018Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2019Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2019Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2019Q2 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2019Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2019Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2019Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
0 USD
CY2018Q1 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
1456000 shares
CY2018Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
1736000 shares
CY2018Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2018Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2019Q1 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2019Q2 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2019Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2019Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
0 shares
CY2018Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
782000 shares
CY2019Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
782000 shares
CY2019Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3425000 shares
CY2018Q4 us-gaap Treasury Stock Value
TreasuryStockValue
19109000 USD
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
19109000 USD
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
86414000 USD
CY2018Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
19109000 USD
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
67237000 USD
CY2019Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
68000 USD
CY2019Q4 us-gaap Variable Lease Cost
VariableLeaseCost
0 USD
us-gaap Variable Lease Cost
VariableLeaseCost
93000 USD
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139367737 shares
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139368000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114943739 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114944000 shares
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138192000 shares
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138191868 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139390254 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139390000 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135018238 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135018000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110162167 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110162000 shares
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135520854 shares
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135521000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136300591 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136301000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassification</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A reclassification has been made to the consolidated statements of cash flows for the thirty-nine weeks ended </font><font style="font-family:inherit;font-size:10pt;">November&#160;3, 2018</font><font style="font-family:inherit;font-size:10pt;"> related to a tax windfall benefit from that period and the impact of recording the allowance for returns reserve on a gross basis in accordance with the adoption of Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers, in order to conform with the current period presentation of these items. Specifically, the Other non-cash items, net line item decreased by </font><font style="font-family:inherit;font-size:10pt;">$17.5 million</font><font style="font-family:inherit;font-size:10pt;">, the Deferred income tax provision (benefit) line item decreased by </font><font style="font-family:inherit;font-size:10pt;">$0.1 million</font><font style="font-family:inherit;font-size:10pt;">, the Prepaid expenses and other current assets line item increased by </font><font style="font-family:inherit;font-size:10pt;">$7.8 million</font><font style="font-family:inherit;font-size:10pt;">, and the Accrued expenses line item increased by </font><font style="font-family:inherit;font-size:10pt;">$9.8 million</font><font style="font-family:inherit;font-size:10pt;">. The reclassification has no impact on net cash provided by operating activities.</font></div></div>

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