2019 Q4 Form 10-Q Financial Statement

#000172308919000097 Filed on November 19, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $247.7M $276.8M $313.1M
YoY Change -20.88% -12.44% 18.08%
Cost Of Revenue $171.3M $184.1M $202.0M
YoY Change -15.2% -9.17% 10.2%
Gross Profit $72.63M $92.70M $106.6M
YoY Change -31.86% -17.47% 41.12%
Gross Profit Margin 29.32% 33.48% 34.04%
Selling, General & Admin $73.60M $68.41M $69.60M
YoY Change 5.75% -1.16% 25.18%
% of Gross Profit 101.33% 73.79% 65.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.40M $29.50M $32.80M
YoY Change -7.32% -2.64% 7.54%
% of Gross Profit 41.85% 31.82% 30.77%
Operating Expenses $73.60M $68.41M $69.70M
YoY Change 5.6% -1.16% 25.13%
Operating Profit -$966.0K $24.29M $36.89M
YoY Change -102.62% -43.66% 86.02%
Interest Expense -$9.200M -$9.600M -$10.80M
YoY Change -14.81% -9.43% 1700.0%
% of Operating Profit -39.52% -29.27%
Other Income/Expense, Net $900.0K $309.0K $900.0K
YoY Change 0.0% -142.62% -137.5%
Pretax Income -$13.30M $15.01M $25.40M
YoY Change -152.36% -54.81% 53.94%
Income Tax -$9.400M $3.425M $4.000M
% Of Pretax Income 22.81% 15.75%
Net Earnings -$1.823M $11.39M $23.19M
YoY Change -107.86% -52.45% -62.08%
Net Earnings / Revenue -0.74% 4.12% 7.4%
Basic Earnings Per Share -$0.02 $0.15 $0.30
Diluted Earnings Per Share -$0.02 $0.15 $0.30
COMMON SHARES
Basic Shares Outstanding 77.46M shares 77.46M shares 77.34M shares
Diluted Shares Outstanding 77.57M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.30M $40.60M $41.80M
YoY Change -15.55% 125.56%
Cash & Equivalents $35.29M $40.63M $41.83M
Short-Term Investments
Other Short-Term Assets $26.60M $32.50M $14.00M
YoY Change 90.0% 87.86%
Inventory $211.3M $219.6M $219.4M
Prepaid Expenses
Receivables $219.9M $236.4M $251.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $493.4M $531.1M $531.2M
YoY Change -7.11% -0.89% 20.33%
LONG-TERM ASSETS
Property, Plant & Equipment $248.2M $249.4M $244.3M
YoY Change 1.58% 5.64% 14.41%
Goodwill $911.1M $5.510M $905.0M
YoY Change 0.68% -99.39% -0.56%
Intangibles $238.7M $251.4M $283.7M
YoY Change -15.86% -15.46% -16.2%
Long-Term Investments
YoY Change
Other Assets $7.095M $29.63M $8.892M
YoY Change -20.21% 309.82% 198.39%
Total Long-Term Assets $1.429B $1.441B $1.442B
YoY Change -0.87% -0.44% -1.59%
TOTAL ASSETS
Total Short-Term Assets $493.4M $531.1M $531.2M
Total Long-Term Assets $1.429B $1.441B $1.442B
Total Assets $1.923B $1.972B $1.973B
YoY Change -2.55% -0.56% 3.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $120.3M $114.2M $140.1M
YoY Change -14.15% -10.16% 41.79%
Accrued Expenses $68.40M $81.10M $63.40M
YoY Change 7.89% -2.52%
Deferred Revenue $6.148M $6.798M $5.863M
YoY Change 4.86% -0.42%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $4.300M $4.300M
YoY Change -100.0%
Total Short-Term Liabilities $199.7M $206.5M $213.8M
YoY Change -6.58% -4.92% 42.04%
LONG-TERM LIABILITIES
Long-Term Debt $555.3M $588.6M $663.2M
YoY Change -16.27% -14.39% 11322.79%
Other Long-Term Liabilities $28.16M $37.83M $20.40M
YoY Change 38.03% 82.12% 57.56%
Total Long-Term Liabilities $583.5M $626.4M $683.6M
YoY Change -14.65% -11.56% 3544.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $199.7M $206.5M $213.8M
Total Long-Term Liabilities $583.5M $626.4M $683.6M
Total Liabilities $886.6M $930.4M $997.1M
YoY Change -11.08% -8.65% 274.54%
SHAREHOLDERS EQUITY
Retained Earnings $107.0M $110.5M $54.88M
YoY Change 95.04% 232.13%
Common Stock $969.9M $971.9M $961.5M
YoY Change 0.87% 0.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.033B $1.039B $973.5M
YoY Change
Total Liabilities & Shareholders Equity $1.923B $1.972B $1.973B
YoY Change -2.55% -0.56% 3.49%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income -$1.823M $11.39M $23.19M
YoY Change -107.86% -52.45% -62.08%
Depreciation, Depletion And Amortization $30.40M $29.50M $32.80M
YoY Change -7.32% -2.64% 7.54%
Cash From Operating Activities $32.50M $64.10M $70.90M
YoY Change -54.16% 86.88% 103.15%
INVESTING ACTIVITIES
Capital Expenditures -$8.200M -$8.900M -$15.00M
YoY Change -45.33% -36.43% 105.48%
Acquisitions
YoY Change
Other Investing Activities $1.600M -$12.00M $2.700M
YoY Change -40.74% -1433.33% -134.18%
Cash From Investing Activities -$6.600M -$20.90M -$12.30M
YoY Change -46.34% 59.54% -18.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -31.50M -26.40M -34.00M
YoY Change -7.35% -22.35% 108.59%
NET CHANGE
Cash From Operating Activities 32.50M 64.10M 70.90M
Cash From Investing Activities -6.600M -20.90M -12.30M
Cash From Financing Activities -31.50M -26.40M -34.00M
Net Change In Cash -5.600M 16.80M 24.60M
YoY Change -122.76% -231.25% 602.86%
FREE CASH FLOW
Cash From Operating Activities $32.50M $64.10M $70.90M
Capital Expenditures -$8.200M -$8.900M -$15.00M
Free Cash Flow $40.70M $73.00M $85.90M
YoY Change -52.62% 51.14% 103.55%

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4108000 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
8115000 USD
CY2019Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1041000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3717000 USD
CY2019Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.052
CY2019Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y0M
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
1700000 USD
CY2018Q4 us-gaap Inventory Gross
InventoryGross
244097000 USD
CY2019Q3 us-gaap Inventory Gross
InventoryGross
243903000 USD
CY2018Q4 us-gaap Inventory Adjustments
InventoryAdjustments
25778000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4640000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
407724000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-2475000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-2500000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
904985000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
910693000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
5510000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
5510000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-198000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
113734000 USD
us-gaap Gross Profit
GrossProfit
311028000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
91519000 USD
us-gaap Gross Profit
GrossProfit
306837000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
33219000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
95924000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
13478000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
72510000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7723000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24159000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3059000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15672000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
27776000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-15532000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
79533000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-12218000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
23709000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
14288000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
10628000 USD
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-3651000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21149000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-11455000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1624000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
634000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
16742000 USD
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
229000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
402000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
113000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
199000 shares
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
283688000 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
251411000 USD
CY2018Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-10584000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-16813000 USD
CY2019Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-9537000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-30068000 USD
CY2019Q3 us-gaap Inventory Adjustments
InventoryAdjustments
24289000 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
180624000 USD
CY2019Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
179548000 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
11416000 USD
CY2019Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
14603000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
666108000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
218319000 USD
CY2019Q3 us-gaap Inventory Net
InventoryNet
219614000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
588580000 USD
CY2018Q4 us-gaap Minority Interest
MinorityInterest
2458000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
295000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
194000 USD
CY2019Q3 us-gaap Minority Interest
MinorityInterest
3005000 USD
CY2018Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
52057000 USD
CY2019Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
49752000 USD
CY2019Q3 us-gaap Lease Cost
LeaseCost
4746000 USD
us-gaap Lease Cost
LeaseCost
15743000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29373000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
7017000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3471000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3934000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4646000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7823000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2482000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4906000 USD
CY2018Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3600000 USD
CY2019Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
13000000 USD
CY2018Q4 us-gaap Liabilities
Liabilities
990229000 USD
CY2019Q3 us-gaap Liabilities
Liabilities
930447000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1971756000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1972253000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
201995000 USD
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
206453000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
677485000 USD
CY2019Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
598706000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
666108000 USD
CY2019Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
588580000 USD
CY2018Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2720000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-56794000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-80949000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-41860000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-43329000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
93031000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
123390000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
25264000 USD
us-gaap Net Income Loss
NetIncomeLoss
71470000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
10225000 USD
us-gaap Net Income Loss
NetIncomeLoss
56291000 USD
CY2018Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
232000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
547000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2302000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
8140000 USD
CY2018Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
12895000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
35481000 USD
CY2019Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
13022000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
36372000 USD
CY2019Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
11600000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
32800000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
24467000 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7709000 USD
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
16758000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
8955000 USD
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21604000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.066
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8445000 USD
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
29626000 USD
CY2018Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
170000 USD
CY2019Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-323000 USD
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-515000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-9080000 USD
CY2019Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2900000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-836000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
353000 USD
us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
353000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
355000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
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
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6658000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-76000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8376000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1189000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1042000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2832000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-601000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
232000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
295000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
194000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
547000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-439000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-704000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-68000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-235000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
161000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
123000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
23000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
202000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-86000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-181000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-68000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-203000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
24194000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
30391000 USD
CY2019Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
51852000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
20402000 USD
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
37826000 USD
CY2018Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-725000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3917000 USD
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
309000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3469000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
6286000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
517000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-53000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
16006000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2720000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1841000 USD
CY2019Q3 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
12500000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
12500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
42883000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31589000 USD
us-gaap Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
3012000 USD
us-gaap Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash
PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash
1506000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
20211000 USD
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
34516000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
713963000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
36500000 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
2100000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
970000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2954000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
22075000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
25496000 USD
us-gaap Profit Loss
ProfitLoss
71765000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
22569000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
23850000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
10419000 USD
us-gaap Profit Loss
ProfitLoss
56838000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
244328000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
249385000 USD
us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
61200000 USD
us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
7400000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
3174000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
4108000 USD
CY2018Q3 us-gaap Revenues
Revenues
316468000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
20000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
111500000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
55829000 USD
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
110458000 USD
CY2019Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
14000 USD
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
68813000 USD
us-gaap Revenues
Revenues
905444000 USD
CY2019Q3 us-gaap Revenues
Revenues
278381000 USD
us-gaap Revenues
Revenues
886126000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
69206000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
194374000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
200790000 USD
CY2018Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1768000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3129000 USD
CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
2524000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7545000 USD
CY2019Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1331000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
3253000 USD
CY2018Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
77339828 shares
CY2018Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
0 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
979069000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
1038801000 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
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
935527000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
964762000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
981527000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1005203000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1031737000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1041806000 USD
CY2018Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
39000 USD
CY2018Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
71000 USD
CY2019Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
-14000 USD
CY2019Q3 us-gaap Sublease Income
SubleaseIncome
133000 USD
us-gaap Sublease Income
SubleaseIncome
367000 USD
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0 USD
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1849000 USD
CY2019Q3 us-gaap Variable Lease Cost
VariableLeaseCost
145000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
707000 USD
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77569000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77742000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77573000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77615000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77340000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77340000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77460000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77416000 shares
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;">Revisions, Reclassifications and Other Adjustments</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 nine months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2018</font><font style="font-family:inherit;font-size:10pt;">, for the presentation of capital leases in the condensed consolidated statement of cash flow.&#160;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;">$3.0 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;">$3.2 million</font><font style="font-family:inherit;font-size:10pt;"> increase to cash required by financing activities.</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;">Certain prior-year amounts have been reclassified to conform to the current presentation.</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%;padding-bottom:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We recorded out-of-period adjustments primarily related to inventory and leased assets write-offs during the three months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2019</font><font style="font-family:inherit;font-size:10pt;"> which increased revenue by </font><font style="font-family:inherit;font-size:10pt;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;">, increased cost of goods and services by </font><font style="font-family:inherit;font-size:10pt;">$2.6 million</font><font style="font-family:inherit;font-size:10pt;"> and decreased net income by </font><font style="font-family:inherit;font-size:10pt;">$1.5 million</font><font style="font-family:inherit;font-size:10pt;">. Management determined the errors were not material to the previously issued condensed consolidated interim financial statements as of and for the three months ended March 31, 2019 and the three and six months ended June 30, 2019. In addition, the correction of the errors in the three months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2019</font><font style="font-family:inherit;font-size:10pt;"> was not material.</font></div></div>
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&#8217;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 statement 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 for certain equipment used within our leased asset program in our Production &amp; 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;">September&#160;30, 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;">$2.5 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;">$1.9 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. The effect of this change in estimate for the nine months ended </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 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;">$6.5 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;">$4.9 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;">$0.06</font><font style="font-family:inherit;font-size:10pt;"> per share.</font></div></div>

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