2015 Q3 Form 10-K Financial Statement

#000002244415000023 Filed on October 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 2014 Q3
Revenue $1.411B $5.424B $1.837B
YoY Change -23.18% -20.12% 8.15%
Cost Of Revenue $772.5M $4.828B $1.643B
YoY Change -52.98% -20.81% 15.53%
Gross Profit $157.7M $596.9M $183.5M
YoY Change -14.04% -14.03% 14.1%
Gross Profit Margin 11.17% 11.0% 9.98%
Selling, General & Admin $80.10M $414.1M $122.4M
YoY Change -34.56% -7.76% 25.03%
% of Gross Profit 50.79% 69.38% 66.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.00M $132.8M $34.90M
YoY Change -5.44% -2.37% 1.75%
% of Gross Profit 20.93% 22.25% 19.02%
Operating Expenses $80.20M $414.1M $122.4M
YoY Change -34.48% -7.76% 25.03%
Operating Profit $77.50M $182.8M $61.05M
YoY Change 26.95% -25.5% -2.92%
Interest Expense -$15.40M $76.46M -$11.70M
YoY Change 31.62% -0.75% -35.36%
% of Operating Profit -19.87% 41.83% -19.16%
Other Income/Expense, Net
YoY Change
Pretax Income -$30.50M $81.62M $60.90M
YoY Change -150.08% -33.11% 308.72%
Income Tax -$6.600M $33.46M $14.70M
% Of Pretax Income 40.99% 24.14%
Net Earnings $12.35M $79.44M $34.93M
YoY Change -64.63% -29.85% 760.88%
Net Earnings / Revenue 0.88% 1.46% 1.9%
Basic Earnings Per Share $0.11 $0.68 $0.29
Diluted Earnings Per Share $0.11 $0.67 $0.29
COMMON SHARES
Basic Shares Outstanding 116.5M shares
Diluted Shares Outstanding 117.9M shares

Balance Sheet

Concept 2015 Q3 2015 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $485.3M $485.3M $434.9M
YoY Change 11.59% 11.59% 14.81%
Cash & Equivalents $485.7M $485.3M $434.9M
Short-Term Investments
Other Short-Term Assets $93.64M $114.0M $105.6M
YoY Change -11.3% -26.45% -35.36%
Inventory $880.5M $880.5M $935.4M
Prepaid Expenses
Receivables $900.6M $900.6M $1.028B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.380B $2.380B $2.554B
YoY Change -6.79% -6.79% 7.93%
LONG-TERM ASSETS
Property, Plant & Equipment $883.7M $883.7M $925.1M
YoY Change -4.48% -4.48% -1.61%
Goodwill $66.38M $74.32M
YoY Change -10.68% 6.81%
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change
Other Assets $109.5M $93.20M $135.3M
YoY Change -19.05% -16.11% 13.91%
Total Long-Term Assets $1.060B $1.060B $1.135B
YoY Change -6.62% -6.62% 0.54%
TOTAL ASSETS
Total Short-Term Assets $2.380B $2.380B $2.554B
Total Long-Term Assets $1.060B $1.060B $1.135B
Total Assets $3.440B $3.440B $3.689B
YoY Change -6.74% -6.74% 5.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $302.5M $302.5M $548.9M
YoY Change -44.89% -44.89% 20.64%
Accrued Expenses $290.7M $287.9M $322.0M
YoY Change -9.73% -4.45% 2.24%
Deferred Revenue
YoY Change
Short-Term Debt $20.10M $20.10M $12.30M
YoY Change 63.41% 63.41% 105.0%
Long-Term Debt Due $10.10M $10.10M $8.000M
YoY Change 26.25% 26.25% 53.85%
Total Short-Term Liabilities $628.6M $628.6M $891.2M
YoY Change -29.46% -29.47% 14.09%
LONG-TERM LIABILITIES
Long-Term Debt $1.272B $1.272B $1.281B
YoY Change -0.69% -0.69% 0.17%
Other Long-Term Liabilities $101.9M $101.9M $112.1M
YoY Change -9.11% -9.1% -5.1%
Total Long-Term Liabilities $101.9M $1.374B $112.1M
YoY Change -9.11% -1.36% -5.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $628.6M $628.6M $891.2M
Total Long-Term Liabilities $101.9M $1.374B $112.1M
Total Liabilities $2.059B $2.059B $2.340B
YoY Change -12.02% -12.02% 5.18%
SHAREHOLDERS EQUITY
Retained Earnings $1.374B $1.226B
YoY Change 12.05% 5.07%
Common Stock $367.2M $360.6M
YoY Change 1.81% -1.21%
Preferred Stock
YoY Change
Treasury Stock (at cost) $246.0M $218.5M
YoY Change 12.57% -6.87%
Treasury Stock Shares 13.43M shares 11.23M shares
Shareholders Equity $1.381B $1.381B $1.348B
YoY Change
Total Liabilities & Shareholders Equity $3.440B $3.440B $3.689B
YoY Change -6.74% -6.74% 5.54%

Cashflow Statement

Concept 2015 Q3 2015 2014 Q3
OPERATING ACTIVITIES
Net Income $12.35M $79.44M $34.93M
YoY Change -64.63% -29.85% 760.88%
Depreciation, Depletion And Amortization $33.00M $132.8M $34.90M
YoY Change -5.44% -2.37% 1.75%
Cash From Operating Activities $254.7M $313.5M $42.60M
YoY Change 497.89% 128.9% -59.27%
INVESTING ACTIVITIES
Capital Expenditures -$43.60M $119.6M -$34.00M
YoY Change 28.24% 17.52% 30.77%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $30.30M $42.80M -$4.500M
YoY Change -773.33% -21.47% -266.67%
Cash From Investing Activities -$13.30M -$76.82M -$38.60M
YoY Change -65.54% 62.55% 65.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $41.81M
YoY Change
Debt Paid & Issued, Net $11.34M
YoY Change 47.65%
Cash From Financing Activities -135.4M -$180.7M -6.300M
YoY Change 2049.21% 425.31% -95.92%
NET CHANGE
Cash From Operating Activities 254.7M $313.5M 42.60M
Cash From Investing Activities -13.30M -$76.82M -38.60M
Cash From Financing Activities -135.4M -$180.7M -6.300M
Net Change In Cash 106.0M $55.95M -2.300M
YoY Change -4708.7% 1.2% -96.86%
FREE CASH FLOW
Cash From Operating Activities $254.7M $313.5M $42.60M
Capital Expenditures -$43.60M $119.6M -$34.00M
Free Cash Flow $298.3M $193.9M $76.60M
YoY Change 289.43% 450.94% -41.35%

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56155000 USD
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378770000 USD
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434925000 USD
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485323000 USD
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2090000 USD
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-1372000 USD
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776000 USD
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-2088000 USD
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1378000 USD
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-776000 USD
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0.48
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0.01
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0.01
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1290000 USD
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1290000 USD
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47608000 USD
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30591000 USD
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59241000 USD
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26088000 USD
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0 USD
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0 USD
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5951870000 USD
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5213203000 USD
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6438368000 USD
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6638623000 USD
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5744077000 USD
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54655000 USD
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32348000 USD
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23291000 USD
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6707000 USD
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8086000 USD
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185171000 USD
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169509000 USD
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4007000 USD
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29137000 USD
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115409000 USD
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8766000 USD
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9562000 USD
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51956000 USD
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48309000 USD
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3760000 USD
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3334000 USD
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45246000 USD
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21380000 USD
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8320000 USD
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3774000 USD
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55803000 USD
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4066000 USD
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3981000 USD
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1503000 USD
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2803000 USD
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337000 USD
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-1268000 USD
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221000 USD
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7554000 USD
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38863000 USD
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1310000 USD
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8544000 USD
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3244000 USD
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3011000 USD
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2265000 USD
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41000 USD
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1209000 USD
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56028000 USD
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56428000 USD
CY2015 us-gaap Dividends Common Stock Cash
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55945000 USD
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0.66
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0.20
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0.98
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0.31
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0.47
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0.49
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1.22
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0.66
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0.39
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0.09
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0.20
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0.29
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
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0.30
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0.46
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0.49
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1.20
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873000 USD
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3500000 USD
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3900000 USD
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0.356 pure
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0.281 pure
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0.340 pure
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0.35 pure
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0.35 pure
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0.35 pure
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21900000 USD
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P3Y
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0 USD
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29601000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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31490000 USD
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4136000 USD
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862000 USD
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1072000 USD
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1043000 USD
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550000 USD
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53835000 USD
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47838000 USD
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24234000 USD
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16348000 USD
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-5800000 USD
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9000000 USD
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-45400000 USD
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45500000 USD
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25371000 USD
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31356000 USD
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8489000 USD
CY2013 us-gaap Gain Loss On Securitization Of Financial Assets
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-3900000 USD
CY2014 us-gaap Gain Loss On Securitization Of Financial Assets
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-3900000 USD
CY2015 us-gaap Gain Loss On Securitization Of Financial Assets
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-2400000 USD
CY2013 us-gaap Gains Losses On Extinguishment Of Debt
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-4758000 USD
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0 USD
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0 USD
CY2013Q3 us-gaap Goodwill
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69579000 USD
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74319000 USD
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66383000 USD
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4675000 USD
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79074000 USD
CY2014Q3 us-gaap Goodwill Gross
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84127000 USD
CY2015Q3 us-gaap Goodwill Gross
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76787000 USD
CY2013Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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9495000 USD
CY2014Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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9808000 USD
CY2015Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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10404000 USD
CY2013 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6400000 USD
CY2014 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2015 us-gaap Goodwill Impairment Loss
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7267000 USD
CY2014 us-gaap Goodwill Translation Adjustments
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65000 USD
CY2015 us-gaap Goodwill Translation Adjustments
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-669000 USD
CY2015 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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6643000 USD
CY2013Q4 us-gaap Gross Profit
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176873000 USD
CY2014Q1 us-gaap Gross Profit
GrossProfit
142356000 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
178419000 USD
CY2014Q3 us-gaap Gross Profit
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183452000 USD
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186221000 USD
CY2015Q1 us-gaap Gross Profit
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221414000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
235958000 USD
CY2015Q3 us-gaap Gross Profit
GrossProfit
131809000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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147204000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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108882000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
217008000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
15498000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
42933000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
27520000 USD
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162702000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
151815000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
244528000 USD
CY2013 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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104723000 USD
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
109091000 USD
CY2015 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
161322000 USD
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.90
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.93
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.39
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.89
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.92
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.37
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-27404000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
6461000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-19688000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.24
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.05
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.17
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.23
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.05
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.17
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57979000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42724000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
83206000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
5334000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
19978000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
12305000 USD
CY2013 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
0 USD
CY2014 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
1199000 USD
CY2015 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
4017000 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-4783000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-6290000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-2404000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
56946000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
53135000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
85585000 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
6310000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2318000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
3657000 USD
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3460000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
88000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4020000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
5445000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
16506000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
16712000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-7600000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11800000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
61000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-87375000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
90604000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-180517000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-11065000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
143397000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-206633000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-26459000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
177331000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-50747000 USD
CY2013 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-5010000 USD
CY2014 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-6543000 USD
CY2015 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-9664000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2894000 USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
20516000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-23674000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
18620000 USD
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-18000000 USD
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
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CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
875116 shares
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1110836 shares
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1422633 shares
CY2013 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1000000 USD
CY2013 us-gaap Interest Expense
InterestExpense
68439000 USD
CY2014 us-gaap Interest Expense
InterestExpense
77037000 USD
CY2015 us-gaap Interest Expense
InterestExpense
77760000 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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-489000 USD
CY2015Q2 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
-37100000 USD
CY2015Q3 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
36500000 USD
CY2015 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
-79300000 USD
CY2014Q3 us-gaap Inventory Net
InventoryNet
935411000 USD
CY2015Q3 us-gaap Inventory Net
InventoryNet
781371000 USD
CY2014Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
84300000 USD
CY2015Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
61500000 USD
CY2013 us-gaap Inventory Write Down
InventoryWriteDown
3003000 USD
CY2014 us-gaap Inventory Write Down
InventoryWriteDown
4000000 USD
CY2013 us-gaap Interest Paid
InterestPaid
82500000 USD
CY2014 us-gaap Interest Paid
InterestPaid
85600000 USD
CY2015 us-gaap Interest Paid
InterestPaid
86700000 USD
CY2015Q3 us-gaap Inventories Property Held For Sale Current
InventoriesPropertyHeldForSaleCurrent
12514000 USD
CY2014Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
198800000 USD
CY2015Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
119500000 USD
CY2014Q4 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
-6200000 USD
CY2015Q1 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
-72500000 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
15935000 USD
CY2014Q3 us-gaap Land
Land
79295000 USD
CY2015Q3 us-gaap Land
Land
75086000 USD
CY2014Q3 us-gaap Liabilities
Liabilities
2339929000 USD
CY2015Q3 us-gaap Liabilities
Liabilities
2052952000 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3688520000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3372302000 USD
CY2014Q3 us-gaap Liabilities Current
LiabilitiesCurrent
891153000 USD
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
617348000 USD
CY2015Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
5276000 USD
CY2014Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2015Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
5276000 USD
CY2014Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1281042000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1277882000 USD
CY2014Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
8005000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
10110000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
330080000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2443000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
6966000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
509269000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
409870000 USD
CY2014Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1728425000 USD
CY2015Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1670755000 USD
CY2014Q3 us-gaap Minority Interest
MinorityInterest
111000 USD
CY2015Q3 us-gaap Minority Interest
MinorityInterest
149000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15030000 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-34397000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-180691000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-46136000 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-47261000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76824000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
147732000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
136940000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
313461000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
77315000 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
45919000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
11143000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
23563000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
34926000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
115551000 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
36253000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
54451000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
56681000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-5751000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
141634000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1000 USD
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2013Q3 us-gaap Noncurrent Assets
NoncurrentAssets
1128606000 USD
CY2014Q3 us-gaap Noncurrent Assets
NoncurrentAssets
1134729000 USD
CY2015Q3 us-gaap Noncurrent Assets
NoncurrentAssets
1065201000 USD
CY2013 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 entities
CY2015 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
0 entities
CY2015 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 segments
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
118127000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
30390000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
9119000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
14785000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
18949000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
25648000 USD
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
19236000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
46600000 USD
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
46800000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
52800000 USD
CY2014Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
17181000 USD
CY2015Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
7113000 USD
CY2014Q3 us-gaap Other Assets Current
OtherAssetsCurrent
105575000 USD
CY2015Q3 us-gaap Other Assets Current
OtherAssetsCurrent
93643000 USD
CY2014Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
135312000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
115168000 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-168000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-580000 USD
CY2015 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-169000 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
51000 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-14000 USD
CY2015 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
101000 USD
CY2013 us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax
-309000 USD
CY2014 us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax
0 USD
CY2015 us-gaap Other Comprehensive Income Finalization Of Pension And Non Pension Postretirement Plan Valuation Tax
OtherComprehensiveIncomeFinalizationOfPensionAndNonPensionPostretirementPlanValuationTax
0 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-10108000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
7586000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-83063000 USD
CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-170000 USD
CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-242000 USD
CY2015 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-57000 USD
CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
38000 USD
CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
47000 USD
CY2015 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
14000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-8740000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
5249000 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-85699000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-116000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-709000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
126000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
289000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
286000 USD
CY2013 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
1315000 USD
CY2014 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Net Of Tax
OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax
0 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-10108000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
7586000 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-93190000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
10127000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9040000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7667000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-94026000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1184000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-661000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
127000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
265000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
179000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-80000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
337000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1268000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1758000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-2000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
526000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
1235000 USD
CY2014Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
112134000 USD
CY2015Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
101919000 USD
CY2013 us-gaap Payments For Proceeds From Longterm Investments
PaymentsForProceedsFromLongtermInvestments
-28995000 USD
CY2014 us-gaap Payments For Proceeds From Longterm Investments
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0 USD
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CY2015 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 1. NATURE OF OPERATIONS</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of Operations</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Through its global operations and marketing offices, Commercial Metals Company ("CMC," and together with its consolidated subsidiaries, the "Company") recycles ferrous and nonferrous scrap metal, operates steel mills, commonly referred to as "minimills," and steel fabrication facilities and trades and distributes steel and nonferrous metal products and other industrial products worldwide. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">five</font><font style="font-family:inherit;font-size:10pt;"> business segments across </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> geographic divisions. The CMC Americas Division includes </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> segments: Americas Recycling, Americas Mills and Americas Fabrication. The CMC International Division includes </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> segments: International Mill and International Marketing and Distribution.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Americas Recycling</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. This segment sells scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers and other consumers. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Americas Mills </font><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Americas Mills segment manufactures finished long steel products including reinforcing bar ("rebar"), merchant bar, light structural, some special bar quality ("SBQ") and other special sections as well as semi-finished billets for re-rolling and forging applications. This segment's products are sold to the construction, service center, transportation, steel warehousing, fabrication, energy, petrochemical and original equipment manufacturing industries. The Americas Mills segment also includes </font><font style="font-family:inherit;font-size:10pt;">ten</font><font style="font-family:inherit;font-size:10pt;"> scrap processing facilities that directly support the steel minimills.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Americas Fabrication</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Americas Fabrication segment consists of rebar and structural fabrication operations, fence post manufacturing facilities, construction-related product facilities and facilities that heat-treat steel to strengthen and provide flexibility. Fabricated steel products are used primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums and dams. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">International Mill</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The International Mill segment is comprised of all mill, recycling and fabrication operations located in Poland. This segment manufactures rebar, merchant bar and wire rod. In addition, this segment's fabrication operations sell fabricated rebar, fabricated mesh, assembled rebar cages and other rebar by-products. The International Mill's products are sold primarily to fabricators, manufacturers, distributors and construction companies. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">International Marketing and Distribution</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The International Marketing and Distribution segment includes international operations for the sale, distribution and processing of steel products, ferrous and nonferrous metals and other industrial products. Additionally, this segment includes </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> of the Company's marketing and distribution divisions headquartered in the United States and also operates a recycling facility in Singapore. The International Marketing and Distribution segment buys and sells primary and secondary metals, fabricated metals, semi-finished, long and flat steel products and other industrial products. This segment sells its products to customers, primarily manufacturers, in the steel, nonferrous metals, metal fabrication, chemical, refractory, construction and transportation industries.</font></div></div>
CY2015 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:4px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the Company's consolidated financial statements in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of net sales and expenses during the reporting period. Significant items subject to such estimates and assumptions include the valuation of assets received in acquisitions; the carrying value of long-lived assets, including goodwill; valuation allowances for receivables, inventories and deferred income taxes; percentage of completion accounting method for revenue recognition; share-based compensation; potential litigation claims and settlements; and environmental liabilities. Actual results could significantly differ from these estimates and assumptions.</font></div></div>

Files In Submission

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