2019 Q4 Form 10-Q Financial Statement

#000126297620000007 Filed on January 30, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4
Revenue $820.3M $825.6M
YoY Change -0.63% 8.33%
Cost Of Revenue $394.0M $411.5M
YoY Change -4.25% 14.21%
Gross Profit $426.3M $414.1M
YoY Change 2.96% 3.06%
Gross Profit Margin 51.97% 50.16%
Selling, General & Admin $225.2M $250.9M
YoY Change -10.22% 2.08%
% of Gross Profit 52.84% 60.59%
Research & Development $64.40M $55.40M
YoY Change 16.25% -6.42%
% of Gross Profit 15.11% 13.38%
Depreciation & Amortization $42.40M $44.50M
YoY Change -4.72% 7.75%
% of Gross Profit 9.95% 10.75%
Operating Expenses $225.2M $250.9M
YoY Change -10.22% 2.08%
Operating Profit $121.6M $90.62M
YoY Change 34.19% 24.63%
Interest Expense -$24.70M -$6.700M
YoY Change 268.66% -67.63%
% of Operating Profit -20.31% -7.39%
Other Income/Expense, Net -$9.040M $9.629M
YoY Change -193.88% -224.53%
Pretax Income $96.85M $83.44M
YoY Change 16.08% 59.08%
Income Tax -$93.80M $14.40M
% Of Pretax Income -96.84% 17.26%
Net Earnings $190.2M $69.01M
YoY Change 175.63% 130.55%
Net Earnings / Revenue 23.19% 8.36%
Basic Earnings Per Share $7.04 $2.24
Diluted Earnings Per Share $6.81 $2.17
COMMON SHARES
Basic Shares Outstanding 27.04M shares 30.86M shares
Diluted Shares Outstanding 27.92M shares 31.82M shares

Balance Sheet

Concept 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.90M $48.30M
YoY Change -23.6% 20.45%
Cash & Equivalents $36.92M $48.26M
Short-Term Investments
Other Short-Term Assets $72.80M $95.90M
YoY Change -24.09% 30.83%
Inventory $80.15M $75.17M
Prepaid Expenses
Receivables $70.50M $68.10M
Other Receivables $0.00 $0.00
Total Short-Term Assets $260.3M $287.4M
YoY Change -9.44% 22.06%
LONG-TERM ASSETS
Property, Plant & Equipment $364.2M $495.1M
YoY Change -26.45% -2.4%
Goodwill $721.1M $727.6M
YoY Change -0.9% 36.97%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $37.41M $50.30M
YoY Change -25.61% 78.11%
Total Long-Term Assets $1.763B $1.685B
YoY Change 4.65% 16.72%
TOTAL ASSETS
Total Short-Term Assets $260.3M $287.4M
Total Long-Term Assets $1.763B $1.685B
Total Assets $2.023B $1.972B
YoY Change 2.59% 17.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $217.0M $204.4M
YoY Change 6.14% 23.3%
Accrued Expenses $237.2M $237.6M
YoY Change -0.17% 8.13%
Deferred Revenue
YoY Change
Short-Term Debt $73.76M $46.55M
YoY Change 58.45% 30.87%
Long-Term Debt Due $82.30M $70.00M
YoY Change 17.57% 18.44%
Total Short-Term Liabilities $609.6M $567.3M
YoY Change 7.46% 5.22%
LONG-TERM LIABILITIES
Long-Term Debt $1.297B $1.002B
YoY Change 29.41% 50.67%
Other Long-Term Liabilities $50.00M $67.45M
YoY Change -25.87% -37.48%
Total Long-Term Liabilities $1.347B $1.069B
YoY Change 25.92% 38.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $609.6M $567.3M
Total Long-Term Liabilities $1.347B $1.069B
Total Liabilities $2.136B $1.791B
YoY Change 19.27% 21.5%
SHAREHOLDERS EQUITY
Retained Earnings $745.3M $496.7M
YoY Change 50.04% 7.47%
Common Stock $615.0K $615.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.275B $696.5M
YoY Change 83.07% 9.1%
Treasury Stock Shares 17.88M shares 13.24M shares
Shareholders Equity $180.5M $128.2M
YoY Change
Total Liabilities & Shareholders Equity $2.023B $1.972B
YoY Change 2.59% 17.47%

Cashflow Statement

Concept 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income $190.2M $69.01M
YoY Change 175.63% 130.55%
Depreciation, Depletion And Amortization $42.40M $44.50M
YoY Change -4.72% 7.75%
Cash From Operating Activities $202.2M $183.3M
YoY Change 10.31% 14.28%
INVESTING ACTIVITIES
Capital Expenditures -$24.80M -$28.40M
YoY Change -12.68% 2.53%
Acquisitions
YoY Change
Other Investing Activities $400.0K -$271.5M
YoY Change -100.15% -20984.62%
Cash From Investing Activities -$24.40M -$299.9M
YoY Change -91.86% 1035.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -174.4M 118.3M
YoY Change -247.42% -185.6%
NET CHANGE
Cash From Operating Activities 202.2M 183.3M
Cash From Investing Activities -24.40M -299.9M
Cash From Financing Activities -174.4M 118.3M
Net Change In Cash 3.400M 1.700M
YoY Change 100.0% -140.48%
FREE CASH FLOW
Cash From Operating Activities $202.2M $183.3M
Capital Expenditures -$24.80M -$28.40M
Free Cash Flow $227.0M $211.7M
YoY Change 7.23% 12.55%

Facts In Submission

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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2018Q4 cmpr Other Comprehensive Income Reclassification Of Unrealized Gains Losses To Net Income
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax
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82104000 USD
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5887000 USD
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5164000 USD
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CY2019Q4 us-gaap Common Stock Other Value Outstanding
CommonStockOtherValueOutstanding
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CY2019Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8228000 USD
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2484000 USD
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us-gaap Profit Loss
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us-gaap Depreciation And Amortization
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13847000 USD
us-gaap Share Based Compensation
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6196000 USD
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Derivatives
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9581000 USD
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us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
2663000 USD
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3045000 USD
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2420000 USD
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8240000 USD
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10680000 USD
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9454000 USD
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2255000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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8397000 USD
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24432000 USD
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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42489000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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4272000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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462000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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149861000 USD
us-gaap Effect Of Exchange Rate On Cash
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us-gaap Effect Of Exchange Rate On Cash
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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4037000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid
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us-gaap Income Taxes Paid
IncomeTaxesPaid
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cmpr Capitalizationofconstructioninprogresscostsrelatedtofinancingleaseobligations
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0 USD
cmpr Capitalizationofconstructioninprogresscostsrelatedtofinancingleaseobligations
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6223000 USD
us-gaap Payments To Acquire Equipment On Lease
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140000 USD
us-gaap Payments To Acquire Equipment On Lease
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7225000 USD
cmpr Amountsdueforacquisitionofbusinesses
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2831000 USD
cmpr Amountsdueforacquisitionofbusinesses
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5729000 USD
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2019Q4 us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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7691000 USD
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2645000 USD
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ForeignCurrencyTransactionGainLossRealized
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us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
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us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
1074000 USD
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OtherNonoperatingGainsLosses
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us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
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us-gaap Other Nonoperating Gains Losses
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263000 USD
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OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
6634000 USD
us-gaap Other Nonoperating Income Expense
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19881000 USD
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CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2019Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2018Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29223116 shares
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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18330000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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369501000 USD
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59089000 USD
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CY2019Q3 us-gaap Other Liabilities Current
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CY2019Q2 cmpr Leasefinancingobligation
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CY2019Q3 us-gaap Other Liabilities Noncurrent
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AccruedLiabilityForPurchasesOfPropertyPlantAndEquipment
2203000 USD
CY2019Q2 cmpr Accrued Liability For Purchases Of Property Plant And Equipment
AccruedLiabilityForPurchasesOfPropertyPlantAndEquipment
2358000 USD
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1978000 USD
CY2018Q4 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
1851000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
7508000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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6137000 USD
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CY2018Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
10753000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
7691000 USD
cmpr Accumulated Other Comprehensive Income Loss Tax
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969000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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1357000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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4363000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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us-gaap Translation Adjustment For Net Investment Hedge Net Of Tax Period Increase Decrease
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7834000 USD
CY2019 us-gaap Translation Adjustment For Net Investment Hedge Net Of Tax Period Increase Decrease
TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease
731000 USD
CY2019Q2 us-gaap Goodwill
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us-gaap Debt Instrument Description Of Variable Rate Basis
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IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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VariableInterestEntityOwnershipPercentage
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us-gaap Number Of Reportable Segments
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us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
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OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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InterestIncomeExpenseNet
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InterestIncomeExpenseNet
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
73923000 USD
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DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2019Q4 us-gaap Property Plant And Equipment Additions
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13901000 USD
CY2018Q4 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
17741000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
28094000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
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CY2019Q4 us-gaap Payments To Develop Software
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PaymentsToDevelopSoftware
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PaymentsToDevelopSoftware
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us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
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Goodwill
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Goodwill
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FiniteLivedIntangibleAssetsNet
235031000 USD
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262701000 USD
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160058000 USD
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173156000 USD
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FinanceLeaseRightOfUseAsset
65953000 USD
CY2019Q4 cmpr Total Lease Assets
TotalLeaseAssets
239109000 USD
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37698000 USD
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143276000 USD
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OperatingLeaseExpense
21454000 USD
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FinanceLeaseRightOfUseAssetAmortization
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FinanceLeaseRightOfUseAssetAmortization
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FinanceLeaseInterestExpense
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FinanceLeaseInterestExpense
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us-gaap Lease Cost
LeaseCost
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LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
10210000 USD
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TotalLeaseObligationFutureMinimumpaymentsdueNexttwelvemonths
32093000 USD
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40076000 USD
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FinanceLeaseLiabilityPaymentsDueYearTwo
7665000 USD
CY2019Q4 cmpr Total Lease Obligation Future Minimumpaymentsdueintwoyears
TotalLeaseObligationFutureMinimumpaymentsdueintwoyears
47741000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
33397000 USD
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5484000 USD
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38881000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearFour
27454000 USD
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FinanceLeaseLiabilityPaymentsDueYearFour
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LesseeOperatingLeaseLiabilityPaymentsDueYearFive
22401000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
1718000 USD
CY2019Q4 cmpr Total Lease Obligation Future Minimumpaymentsdueinfiveyears
TotalLeaseObligationFutureMinimumpaymentsdueinfiveyears
24119000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
55329000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
2311000 USD
CY2019Q4 cmpr Total Lease Obligation Future Minimumpaymentsduethereafter
TotalLeaseObligationFutureMinimumpaymentsduethereafter
57640000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
200540000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
30668000 USD
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CY2019Q4 cmpr Totalleaseobligation
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210042000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
30269000 USD
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FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
11468000 USD
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55219000 USD
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CY2019Q2 cmpr Total Lease Obligation Future Minimumpaymentsdueintwoyears
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43099000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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16592000 USD
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12553000 USD
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2544000 USD
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CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2019Q2 cmpr Total Lease Obligation Future Minimumpaymentsdueinfiveyears
TotalLeaseObligationFutureMinimumpaymentsdueinfiveyears
22760000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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8338000 USD
CY2019Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
2403000 USD
CY2019Q2 cmpr Total Lease Obligation Future Minimumpaymentsduethereafter
TotalLeaseObligationFutureMinimumpaymentsduethereafter
51397000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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234191000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
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CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M9D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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FinanceLeaseWeightedAverageDiscountRatePercent
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us-gaap Operating Lease Payments
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us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5364000 USD
CY2019Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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119028000 USD
cmpr Amountsdueforacquisitionofbusinesses
Amountsdueforacquisitionofbusinesses
2831000 USD
CY2019Q4 us-gaap Restructuring Charges
RestructuringCharges
1897000 USD
us-gaap Restructuring Charges
RestructuringCharges
4087000 USD
CY2018Q4 us-gaap Restructuring Charges
RestructuringCharges
1026000 USD
us-gaap Restructuring Charges
RestructuringCharges
1196000 USD
CY2019Q2 us-gaap Restructuring Reserve
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3212000 USD
us-gaap Restructuring Charges
RestructuringCharges
4087000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
2756000 USD
us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
772000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
3771000 USD
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Share Price
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135.00
CY2019Q4 us-gaap Common Stock Discount On Shares
CommonStockDiscountOnShares
1.05 USD

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