2019 Q1 Form 10-Q Financial Statement
#000172308919000061 Filed on May 03, 2019
Income Statement
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
Revenue | $300.5M | $283.1M |
YoY Change | 6.14% | 22.94% |
Cost Of Revenue | $197.5M | $189.5M |
YoY Change | 4.21% | 22.33% |
Gross Profit | $103.0M | $93.99M |
YoY Change | 9.6% | 24.72% |
Gross Profit Margin | 34.28% | 33.2% |
Selling, General & Admin | $64.13M | $59.74M |
YoY Change | 7.35% | 13.49% |
% of Gross Profit | 62.25% | 63.56% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $17.07M | $16.97M |
YoY Change | 0.6% | 29.16% |
% of Gross Profit | 16.57% | 18.05% |
Operating Expenses | $64.13M | $59.74M |
YoY Change | 7.35% | 13.49% |
Operating Profit | $38.88M | $34.52M |
YoY Change | 12.63% | 51.94% |
Interest Expense | -$10.50M | $0.00 |
YoY Change | ||
% of Operating Profit | -27.0% | 0.0% |
Other Income/Expense, Net | -$1.102M | -$2.452M |
YoY Change | -55.06% | -16.29% |
Pretax Income | $25.51M | $31.26M |
YoY Change | -18.4% | 57.93% |
Income Tax | $5.600M | $7.064M |
% Of Pretax Income | 21.95% | 22.6% |
Net Earnings | $19.66M | $23.77M |
YoY Change | -17.32% | 79.16% |
Net Earnings / Revenue | 6.54% | 8.4% |
Basic Earnings Per Share | $0.25 | $0.31 |
Diluted Earnings Per Share | $0.25 | $0.31 |
COMMON SHARES | ||
Basic Shares Outstanding | 77.36M shares | 77.34M shares |
Diluted Shares Outstanding | 77.64M shares | 77.89M shares |
Balance Sheet
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $28.40M | $17.10M |
YoY Change | 66.08% | |
Cash & Equivalents | $28.35M | $17.12M |
Short-Term Investments | ||
Other Short-Term Assets | $14.40M | $16.50M |
YoY Change | -12.73% | |
Inventory | $232.9M | $210.9M |
Prepaid Expenses | ||
Receivables | $258.7M | $227.5M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $537.8M | $472.0M |
YoY Change | 13.93% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $244.9M | $220.1M |
YoY Change | 11.28% | |
Goodwill | $905.3M | $909.0M |
YoY Change | -0.42% | |
Intangibles | $270.7M | $325.4M |
YoY Change | -16.81% | |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $29.93M | $3.584M |
YoY Change | 735.13% | |
Total Long-Term Assets | $1.451B | $1.458B |
YoY Change | -0.5% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $537.8M | $472.0M |
Total Long-Term Assets | $1.451B | $1.458B |
Total Assets | $1.989B | $1.930B |
YoY Change | 3.03% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $124.1M | $108.1M |
YoY Change | 14.82% | |
Accrued Expenses | $75.70M | $50.90M |
YoY Change | 48.72% | |
Deferred Revenue | $8.150M | $3.912M |
YoY Change | 108.33% | |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $4.300M | |
YoY Change | ||
Total Short-Term Liabilities | $212.3M | $159.0M |
YoY Change | 33.49% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $637.6M | $0.00 |
YoY Change | ||
Other Long-Term Liabilities | $37.02M | $16.77M |
YoY Change | 120.72% | |
Total Long-Term Liabilities | $674.7M | $16.77M |
YoY Change | 3922.8% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $212.3M | $159.0M |
Total Long-Term Liabilities | $674.7M | $16.77M |
Total Liabilities | $983.4M | $268.7M |
YoY Change | 265.98% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $76.45M | $1.686B |
YoY Change | -95.47% | |
Common Stock | $967.7M | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.002B | $1.657B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.989B | $1.930B |
YoY Change | 3.03% |
Cashflow Statement
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $19.66M | $23.77M |
YoY Change | -17.32% | 79.16% |
Depreciation, Depletion And Amortization | $17.07M | $16.97M |
YoY Change | 0.6% | 29.16% |
Cash From Operating Activities | $19.91M | $7.565M |
YoY Change | 163.19% | -61.01% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $9.718M | $12.85M |
YoY Change | -24.38% | 105.29% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | -$53.00K |
YoY Change | -100.0% | |
Cash From Investing Activities | -$7.243M | -$12.59M |
YoY Change | -42.48% | 125.6% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | $25.00M | $0.00 |
YoY Change | ||
Cash From Financing Activities | -$26.23M | -$1.864M |
YoY Change | 1307.4% | -86.61% |
NET CHANGE | ||
Cash From Operating Activities | $19.91M | $7.565M |
Cash From Investing Activities | -$7.243M | -$12.59M |
Cash From Financing Activities | -$26.23M | -$1.864M |
Net Change In Cash | -$13.48M | -$6.892M |
YoY Change | 95.56% | -64.66% |
FREE CASH FLOW | ||
Cash From Operating Activities | $19.91M | $7.565M |
Capital Expenditures | $9.718M | $12.85M |
Free Cash Flow | $10.19M | -$5.286M |
YoY Change | -292.81% | -140.23% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
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CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
5086000 | USD |
CY2019Q1 | apy |
Operating Lease Obligations Incurred
OperatingLeaseObligationsIncurred
|
29206000 | USD |
CY2018Q4 | apy |
Shareholders Capital
ShareholdersCapital
|
1021975000 | USD |
CY2019Q1 | apy |
Shareholders Capital
ShareholdersCapital
|
1044166000 | USD |
CY2019Q1 | apy |
Disposalgroupnotdiscontinuedoperationfinanceleaseliabilities
Disposalgroupnotdiscontinuedoperationfinanceleaseliabilities
|
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Disposalgroupnotdiscontinuedoperationoperatingleaseliabilities
Disposalgroupnotdiscontinuedoperationoperatingleaseliabilities
|
3614000 | USD |
CY2019Q1 | apy |
Disposalgroupnotdiscontinuedoperationoperatingleaseliabilities
Disposalgroupnotdiscontinuedoperationoperatingleaseliabilities
|
3600000 | USD |
CY2019Q1 | apy |
Disposalgroupnotdiscontinuedoperationtotalliabilities
Disposalgroupnotdiscontinuedoperationtotalliabilities
|
3900000 | USD |
CY2018Q1 | apy |
Income Lossfrom Continuing Operationsbefore Equity Method Investments And Noncontrolling Interest
IncomeLossfromContinuingOperationsbeforeEquityMethodInvestmentsAndNoncontrollingInterest
|
24194000 | USD |
CY2019Q1 | apy |
Income Lossfrom Continuing Operationsbefore Equity Method Investments And Noncontrolling Interest
IncomeLossfromContinuingOperationsbeforeEquityMethodInvestmentsAndNoncontrollingInterest
|
22569000 | USD |
CY2018Q1 | apy |
Net Transfers To Parent
NetTransfersToParent
|
-814000 | USD |
CY2019Q1 | apy |
Net Transfers To Parent
NetTransfersToParent
|
0 | USD |
CY2018Q1 | apy |
Net Transfertofrom Parent Company
NetTransfertofromParentCompany
|
1635000 | USD |
CY2018Q2 | apy |
Numberof Companies Separated
NumberofCompaniesSeparated
|
2 | |
CY2018Q2 | apy |
Business Separation Number Of Shares Of Common Stock Distributed
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|
77339828 | shares |
CY2019Q1 | apy |
Total Lease Liability
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|
32235000 | USD |
CY2019Q1 | apy |
Total Rightof Use Assets
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|
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CY2019Q1 | dei |
Amendment Flag
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|
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Current Fiscal Year End Date
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|
--12-31 | |
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|
Q1 | |
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Document Fiscal Year Focus
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|
2019 | |
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Document Period End Date
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|
2019-03-31 | |
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Document Type
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|
10-Q | |
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Assets Held For Sale Long Lived Fair Value Disclosure
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|
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Entity Emerging Growth Company
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Capital Lease Obligations
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Capital Lease Obligations Incurred
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CY2019Q1 | dei |
Entity Filer Category
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Entity Registrant Name
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Apergy Corporation | |
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|
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|
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Earnings Per Share Diluted
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Earnings Per Share Diluted
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|
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Effect Of Exchange Rate On Cash And Cash Equivalents
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Effective Income Tax Rate Continuing Operations
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|
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Goodwill
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Gross Profit
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|
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Impairment Of Long Lived Assets To Be Disposed Of
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|
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Impairment Of Long Lived Assets To Be Disposed Of
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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|
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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Income Tax Expense Benefit
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Income Tax Expense Benefit
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|
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Increase Decrease In Accounts Payable
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|
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CY2019Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
8462000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
4455000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
13849000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-7042000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-12827000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
9703000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2229000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
13773000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
20840000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1756000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-4096000 | USD |
CY2018Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
550000 | shares |
CY2019Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
277000 | shares |
CY2018Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
283688000 | USD |
CY2019Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
270739000 | USD |
CY2018Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-166000 | USD |
CY2019Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-10474000 | USD |
CY2018Q4 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
25778000 | USD |
CY2019Q1 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
25524000 | USD |
CY2018Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
180624000 | USD |
CY2019Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
188174000 | USD |
CY2018Q4 | us-gaap |
Inventory Gross
InventoryGross
|
244097000 | USD |
CY2019Q1 | us-gaap |
Inventory Gross
InventoryGross
|
258457000 | USD |
CY2018Q4 | us-gaap |
Inventory Net
InventoryNet
|
218319000 | USD |
CY2019Q1 | us-gaap |
Inventory Net
InventoryNet
|
232933000 | USD |
CY2018Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
52057000 | USD |
CY2019Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
57951000 | USD |
CY2018Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
11416000 | USD |
CY2019Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
12332000 | USD |
CY2019Q1 | us-gaap |
Lease Cost
LeaseCost
|
6097000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
33042000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
4908000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
3663000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
7260000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
7317000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
5101000 | USD |
CY2019Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
11900000 | USD |
CY2018Q4 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
3600000 | USD |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
990229000 | USD |
CY2019Q1 | us-gaap |
Liabilities
Liabilities
|
983406000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
142000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
282000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2677000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
24327000 | USD |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1971756000 | USD |
CY2019Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1988609000 | USD |
CY2018Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
201995000 | USD |
CY2019Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
212273000 | USD |
CY2018Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
677485000 | USD |
CY2019Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
648607000 | USD |
CY2018Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
666108000 | USD |
CY2019Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
|
637647000 | USD |
CY2018Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
666108000 | USD |
CY2019Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
637647000 | USD |
CY2018Q4 | us-gaap |
Minority Interest
MinorityInterest
|
2458000 | USD |
CY2019Q1 | us-gaap |
Minority Interest
MinorityInterest
|
2754000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1864000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-26234000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-12593000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-7243000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
7565000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
19910000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
24052000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
22287000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
7234000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
17093000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1971000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
21534000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.067 | |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y11M | |
CY2018Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
10171000 | USD |
CY2019Q1 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
11640000 | USD |
CY2018Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
8445000 | USD |
CY2019Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
29931000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
0 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
-323000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-1691000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
1090000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
|
0 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
|
355000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
0 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
0 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-1642000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1189000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-49000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
-99000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
25000000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
38000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
16000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
-49000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
2475000 | USD |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
24194000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
22569000 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
244328000 | USD |
CY2019Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
244886000 | USD |
CY2019Q1 | us-gaap |
Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
|
19800000 | USD |
CY2018Q1 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
5800000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
1050000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
1234000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
|
-67000 | USD |
CY2018Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
30391000 | USD |
CY2019Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
59291000 | USD |
CY2018Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
20402000 | USD |
CY2019Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
37017000 | USD |
CY2018Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-2452000 | USD |
CY2019Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1090000 | USD |
CY2018Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
426000 | USD |
CY2019Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
674000 | USD |
CY2018Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-53000 | USD |
CY2019Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
0 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
12851000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9718000 | USD |
CY2018Q1 | us-gaap |
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
|
844000 | USD |
CY2019Q1 | us-gaap |
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
|
770000 | USD |
CY2018Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
20211000 | USD |
CY2019Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
17861000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
|
2100000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
205000 | USD |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
55829000 | USD |
CY2019Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
76454000 | USD |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
283126000 | USD |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
301691000 | USD |
CY2018Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
59739000 | USD |
CY2019Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
65347000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
510000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2285000 | USD |
CY2019Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
1015000 | USD |
CY2018Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
77339828 | shares |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
979069000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1002449000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1640385000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1661302000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1005203000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-14000 | USD |
CY2019Q1 | us-gaap |
Sublease Income
SubleaseIncome
|
89000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
981527000 | USD |
CY2019Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1047000 | USD |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
77890000 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
77640000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
77340000 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
77363000 | shares |
CY2019Q1 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We revised our previously issued financial statements for the three months ended </font><font style="font-family:inherit;font-size:10pt;">March 31, 2018</font><font style="font-family:inherit;font-size:10pt;"> related to statement of cash flow presentation of capital leases.  The effect of the revisions was an increase of </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;"> to cash provided by operating activities, a </font><font style="font-family:inherit;font-size:10pt;">$0.8 million</font><font style="font-family:inherit;font-size:10pt;"> decrease to cash required by investing activities and a </font><font style="font-family:inherit;font-size:10pt;">$1.0 million</font><font style="font-family:inherit;font-size:10pt;"> increase to cash required by financing activities. Certain prior-year amounts have been reclassified to conform to the current presentation.</font></div></div> | |
CY2019Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Although these estimates are based on management’s best knowledge of current events and actions that we may undertake in the future, actual results may differ from our estimates. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments unless otherwise specified) necessary for a fair presentation of our financial condition and results of operations as of and for the periods presented. Revenue, expenses, assets and liabilities can vary during each quarter of the year. Therefore, the results and trends in these financial statements may not be representative of the results that may be expected for the year ending December 31, 2019.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Change in Accounting Estimate</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effective January 1, 2019, we changed our estimate of the useful lives surrounding certain equipment used within our leased asset program in our Production & Automation Technologies segment to better reflect the estimated periods in which the assets will remain in service. The estimated useful lives of the equipment, previously estimated at three years, was increased to five years. The effect of this change in estimate for the three months ended </font><font style="font-family:inherit;font-size:10pt;">March 31, 2019</font><font style="font-family:inherit;font-size:10pt;">, was a reduction in depreciation expense of </font><font style="font-family:inherit;font-size:10pt;">$2.0 million</font><font style="font-family:inherit;font-size:10pt;">, an increase in net income of </font><font style="font-family:inherit;font-size:10pt;">$1.5 million</font><font style="font-family:inherit;font-size:10pt;">, and an increase in basic and diluted earnings per share of </font><font style="font-family:inherit;font-size:10pt;">$0.02</font><font style="font-family:inherit;font-size:10pt;"> per share.</font></div></div> |