2015 Q3 Form 10-K Financial Statement

#000162828015007286 Filed on September 25, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 2014 Q3
Revenue $282.3M $1.146B $287.5M
YoY Change -1.79% -1.5% 9.01%
Cost Of Revenue $163.5M $136.4M $170.5M
YoY Change -4.11% -21.82% 5.7%
Gross Profit $118.8M $1.010B $116.9M
YoY Change 1.58% 2.09% 13.45%
Gross Profit Margin 42.08% 88.1% 40.68%
Selling, General & Admin $31.50M $126.7M $35.60M
YoY Change -11.52% -10.71% 4.71%
% of Gross Profit 26.52% 12.55% 30.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.30M $46.57M $13.40M
YoY Change -15.67% -13.31% -7.59%
% of Gross Profit 9.51% 4.61% 11.46%
Operating Expenses $31.40M $138.4M $40.50M
YoY Change -22.47% -13.23% 5.74%
Operating Profit $86.77M $344.4M $75.86M
YoY Change 14.38% 25.27% 20.31%
Interest Expense -$5.400M $18.12M -$2.100M
YoY Change 157.14% 106.67% -12.5%
% of Operating Profit -6.22% 5.26% -2.77%
Other Income/Expense, Net $100.0K -$12.33M $100.0K
YoY Change 0.0% 151.72% -93.33%
Pretax Income $81.45M $332.1M $73.88M
YoY Change 10.23% 22.97% 18.86%
Income Tax $24.00M $112.3M $22.80M
% Of Pretax Income 29.47% 33.81% 30.86%
Net Earnings $57.41M $219.8M $51.04M
YoY Change 12.48% 23.0% 23.58%
Net Earnings / Revenue 20.34% 19.18% 17.76%
Basic Earnings Per Share $0.46 $0.87 $0.41
Diluted Earnings Per Share $0.44 $0.84 $0.39
COMMON SHARES
Basic Shares Outstanding 120.2M shares 251.8M shares
Diluted Shares Outstanding 262.9M shares

Balance Sheet

Concept 2015 Q3 2015 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $456.0M $456.0M $158.7M
YoY Change 187.33% 187.33% 149.53%
Cash & Equivalents $456.0M $456.0M $158.7M
Short-Term Investments
Other Short-Term Assets $48.10M $48.10M $47.10M
YoY Change 2.12% 2.12% 18.05%
Inventory $8.613M $8.600M $7.259M
Prepaid Expenses
Receivables $215.7M $215.7M $197.0M
Other Receivables $6.100M $6.100M $2.300M
Total Short-Term Assets $734.6M $734.6M $412.3M
YoY Change 78.17% 78.17% 34.52%
LONG-TERM ASSETS
Property, Plant & Equipment $700.4M $700.4M $692.4M
YoY Change 1.16% 1.16% 2.2%
Goodwill $271.9M $283.8M
YoY Change -4.2% 6.1%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $45.13M $75.30M $56.39M
YoY Change -19.97% -19.12% -13.65%
Total Long-Term Assets $1.064B $1.065B $1.094B
YoY Change -2.72% -2.66% 6.4%
TOTAL ASSETS
Total Short-Term Assets $734.6M $734.6M $412.3M
Total Long-Term Assets $1.064B $1.065B $1.094B
Total Assets $1.799B $1.800B $1.506B
YoY Change 19.42% 19.46% 12.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.50M $57.50M $62.20M
YoY Change -7.56% -7.56% -11.9%
Accrued Expenses $56.10M $56.10M $61.80M
YoY Change -9.22% -9.22% 51.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $53.70M $53.70M $79.70M
YoY Change -32.62% -32.62% 4.87%
Total Short-Term Liabilities $213.1M $213.1M $244.3M
YoY Change -12.75% -12.77% 2.38%
LONG-TERM LIABILITIES
Long-Term Debt $592.1M $592.1M $223.2M
YoY Change 165.28% 165.28% -24.7%
Other Long-Term Liabilities $3.748M $24.90M $4.651M
YoY Change -19.42% -12.32% -83.96%
Total Long-Term Liabilities $3.748M $617.0M $4.651M
YoY Change -19.42% 145.23% -98.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $213.1M $213.1M $244.3M
Total Long-Term Liabilities $3.748M $617.0M $4.651M
Total Liabilities $834.2M $835.5M $503.3M
YoY Change 65.74% 66.0% -12.02%
SHAREHOLDERS EQUITY
Retained Earnings $625.4M $619.0M
YoY Change 1.04%
Common Stock $407.8M $404.5M
YoY Change 0.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $964.5M $964.5M $1.003B
YoY Change
Total Liabilities & Shareholders Equity $1.799B $1.800B $1.507B
YoY Change 19.37% 19.46% 12.91%

Cashflow Statement

Concept 2015 Q3 2015 2014 Q3
OPERATING ACTIVITIES
Net Income $57.41M $219.8M $51.04M
YoY Change 12.48% 23.0% 23.58%
Depreciation, Depletion And Amortization $11.30M $46.57M $13.40M
YoY Change -15.67% -13.31% -7.59%
Cash From Operating Activities $61.70M $265.1M $55.00M
YoY Change 12.18% 0.95% 237.42%
INVESTING ACTIVITIES
Capital Expenditures -$30.10M $79.15M -$18.20M
YoY Change 65.38% -2.89% 13.75%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$3.900M -$2.800M $900.0K
YoY Change -533.33% -73.58% -101.73%
Cash From Investing Activities -$33.90M -$81.90M -$17.30M
YoY Change 95.95% -11.07% -74.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $233.5M
YoY Change 40718.88%
Debt Paid & Issued, Net $350.0M
YoY Change 366.67%
Cash From Financing Activities -250.7M 120.4M -12.20M
YoY Change 1954.92% -256.77% -44.04%
NET CHANGE
Cash From Operating Activities 61.70M 265.1M 55.00M
Cash From Investing Activities -33.90M -81.90M -17.30M
Cash From Financing Activities -250.7M 120.4M -12.20M
Net Change In Cash -222.9M 303.6M 25.50M
YoY Change -974.12% 224.01% -134.69%
FREE CASH FLOW
Cash From Operating Activities $61.70M $265.1M $55.00M
Capital Expenditures -$30.10M $79.15M -$18.20M
Free Cash Flow $91.80M $185.9M $73.20M
YoY Change 25.41% 2.68% 126.63%

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CY2015Q3 us-gaap Common Stock Par Or Stated Value Per Share
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0.0001
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180000000 shares
CY2015Q3 us-gaap Common Stock Shares Authorized
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180000000 shares
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126143366 shares
CY2015Q3 us-gaap Common Stock Shares Issued
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CY2014Q3 us-gaap Common Stock Shares Outstanding
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CY2015Q3 us-gaap Common Stock Shares Outstanding
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13000 USD
CY2015Q3 us-gaap Common Stock Value Outstanding
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12000 USD
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CY2015 us-gaap Comprehensive Income Net Of Tax
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CY2013 us-gaap Cost Of Goods Sold
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174493000 USD
CY2015 us-gaap Cost Of Goods Sold
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136412000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
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9090000 USD
CY2014 us-gaap Current Foreign Tax Expense Benefit
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CY2014 us-gaap Current State And Local Tax Expense Benefit
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CY2015 us-gaap Current State And Local Tax Expense Benefit
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1160000 USD
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0.01250
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1100000 USD
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CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
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1000000 USD
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CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2014 us-gaap Deferred Income Tax Expense Benefit
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CY2015 us-gaap Deferred Income Tax Expense Benefit
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4365000 USD
CY2014Q3 us-gaap Deferred Revenue Current
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4170000 USD
CY2015Q3 us-gaap Deferred Revenue Current
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3724000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
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66000 USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
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1301000 USD
CY2015Q3 us-gaap Deferred Tax Assets Deferred Income
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798000 USD
CY2014Q3 us-gaap Deferred Tax Assets Gross
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76064000 USD
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31152000 USD
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26914000 USD
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73226000 USD
CY2014Q3 us-gaap Deferred Tax Assets Net Current
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1803000 USD
CY2015Q3 us-gaap Deferred Tax Assets Net Current
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3396000 USD
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CY2015Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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4362000 USD
CY2014Q3 us-gaap Deferred Tax Assets Property Plant And Equipment
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18627000 USD
CY2015Q3 us-gaap Deferred Tax Assets Property Plant And Equipment
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16957000 USD
CY2014Q3 us-gaap Deferred Tax Assets State Taxes
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416000 USD
CY2015Q3 us-gaap Deferred Tax Assets State Taxes
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CY2014Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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36780000 USD
CY2015Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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40391000 USD
CY2014Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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1209000 USD
CY2015Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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992000 USD
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2962000 USD
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3967000 USD
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2210000 USD
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2650000 USD
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7372000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities Noncurrent
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5322000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities
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33332000 USD
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37673000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
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48893000 USD
CY2013 us-gaap Depreciation
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42000000 USD
CY2014 us-gaap Depreciation
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37000000 USD
CY2015 us-gaap Depreciation
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34900000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
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56728000 USD
CY2014 us-gaap Depreciation Depletion And Amortization
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53726000 USD
CY2013 us-gaap Direct Operating Costs
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458228000 USD
CY2014 us-gaap Direct Operating Costs
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526291000 USD
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1.44
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0.33
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CY2014 us-gaap Earnings Per Share Basic
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1.42
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0.42
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0.41
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0.46
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0.46
CY2015 us-gaap Earnings Per Share Basic
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1.75
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1.39
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0.32
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0.35
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0.31
CY2014Q3 us-gaap Earnings Per Share Diluted
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0.39
CY2014 us-gaap Earnings Per Share Diluted
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1.36
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0.40
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0.40
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0.44
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0.44
CY2015 us-gaap Earnings Per Share Diluted
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1.67
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CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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1369000 USD
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0.350
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.338
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
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0.338
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.018
CY2014 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.021
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.019
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.001
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.001
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.001
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0.006
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.003
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.005
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.011
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.011
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.011
CY2015Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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60900000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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6097000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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2289000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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2971000 USD
CY2014 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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29104000 USD
CY2015 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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0 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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6097000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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2289000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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2971000 USD
CY2013 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
86411000 USD
CY2014 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
80618000 USD
CY2015 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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101309000 USD
CY2014Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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13284000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
18967000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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744000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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5811000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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574000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
817000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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4414000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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5497000 USD
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38526000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Gross
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36824000 USD
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25242000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Net
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17857000 USD
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6499000 USD
CY2014 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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9097000 USD
CY2015 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
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9903000 USD
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
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962000 USD
CY2014 us-gaap Gain Loss On Sale Of Property Plant Equipment
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1461000 USD
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918000 USD
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137930000 USD
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164535000 USD
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138975000 USD
CY2013Q3 us-gaap Goodwill
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267463000 USD
CY2014Q3 us-gaap Goodwill
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7724000 USD
CY2015 us-gaap Goodwill Acquired During Period
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-790000 USD
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21800000 USD
CY2015Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
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21800000 USD
CY2014 us-gaap Goodwill Translation Adjustments
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8593000 USD
CY2015 us-gaap Goodwill Translation Adjustments
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-11140000 USD
CY2013Q4 us-gaap Gross Profit
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CY2014Q1 us-gaap Gross Profit
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CY2014Q2 us-gaap Gross Profit
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132252000 USD
CY2014Q3 us-gaap Gross Profit
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116939000 USD
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122308000 USD
CY2015Q1 us-gaap Gross Profit
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127417000 USD
CY2015Q3 us-gaap Gross Profit
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118784000 USD
CY2013 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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0 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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236118000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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218450000 USD
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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1609000 USD
CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
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2816000 USD
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-1971000 USD
CY2013 us-gaap Increase Decrease In Book Overdrafts
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16291000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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286169000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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276872000 USD
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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64245000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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70588000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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61318000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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73884000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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270035000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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82223000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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80104000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
88296000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
81446000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
332069000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
40754000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
51585000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
45900000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
96847000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
91348000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
112286000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
95182000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
82813000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
109925000 USD
CY2014Q3 us-gaap Income Taxes Receivable
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2288000 USD
CY2015Q3 us-gaap Income Taxes Receivable
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6092000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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14749000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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5425000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-3926000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
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31171000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
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12870000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
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20417000 USD
CY2014 us-gaap Increase Decrease In Book Overdrafts
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-16291000 USD
CY2015 us-gaap Increase Decrease In Book Overdrafts
IncreaseDecreaseInBookOverdrafts
0 USD
CY2013 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-871000 USD
CY2014 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-661000 USD
CY2015 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-438000 USD
CY2013 us-gaap Increase Decrease In Income Taxes Receivable
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752000 USD
CY2014 us-gaap Increase Decrease In Income Taxes Receivable
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-9267000 USD
CY2015 us-gaap Increase Decrease In Income Taxes Receivable
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806000 USD
CY2013 us-gaap Increase Decrease In Inventories
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1777000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-4012000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1731000 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
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18714000 USD
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Rolling After Year Five
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400000000 USD
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12.02
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P3Y9M11D
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22900000 USD
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19500000 USD
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139690 shares
CY2015Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
200000 shares
CY2013 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1948000 USD
CY2014 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
2339000 USD
CY2015 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
3079000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
20428000 USD
CY2014 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
9886000 USD
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
684000 USD
CY2011Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
98000000 shares
CY2015Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
47481718 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
50518282 shares
CY2013 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
500000 shares
CY2015 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
231500 shares
CY2013 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
13900000 USD
CY2015 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
8300000 USD
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
13885000 USD
CY2015 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
233484000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
561117000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
18419000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17428000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
523000 USD
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125914000 shares
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124912000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125693000 shares
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
0 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
225000 USD
CY2013Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5900000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
5400000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3800000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1844000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1805000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3441000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1474000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2997000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
599000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3086000 USD
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3038000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4806000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
18400000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
17400000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
129781000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
131230000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
131425000 shares
CY2015 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments, which subject the Company to potential credit risk, consist of its cash and cash equivalents, short-term investments and accounts receivable. The Company adheres to its investment policy when placing investments. The investment policy has established guidelines to limit the Company&#8217;s exposure to credit risk by placing investments with high credit quality financial institutions, diversifying its investment portfolio, limiting investments in any one issuer or pooled fund and placing investments with maturities that maintain safety and liquidity. The Company places its cash and cash equivalents with high credit quality financial institutions. Deposits with these financial institutions may exceed the amount of insurance provided; however, these deposits typically are redeemable upon demand and, therefore, the Company believes that the financial risks associated with these financial instruments are minimal.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company performs ongoing credit evaluations of its customers, and generally does not require collateral on its accounts receivable. The Company estimates its allowances for doubtful accounts based on historical collection trends, the age of outstanding receivables and existing economic conditions. If events or changes in circumstances indicate that specific receivable balances may be impaired, further consideration is given to the collectability of those balances and the allowance is adjusted accordingly. Past-due account balances are written off when the Company&#8217;s internal collection efforts have been unsuccessful in collecting the amounts due. The Company does not have off-balance sheet credit exposure related to its customers and to date, the Company has not experienced significant credit-related losses.</font></div></div>
CY2015 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Derivatives and Hedging</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has entered into </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> interest rate swaps to eliminate interest rate risk on the Company&#8217;s variable interest rate debt, and the swaps are designated as effective cash flow hedges under ASC 815, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivatives and Hedging.</font><font style="font-family:inherit;font-size:10pt;"> See </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Note </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">9 &#8212; Derivatives and Hedging</font><font style="font-family:inherit;font-size:10pt;">. Each quarter, the Company measures hedge effectiveness using the &#8220;hypothetical derivative method&#8221; and records in earnings any hedge ineffectiveness with the effective portion of the change in fair value recorded in other comprehensive income or loss.</font></div></div>
CY2015 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;text-indent:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-align:left;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to prior years' consolidated financial statements to conform to the classifications used in fiscal 2015.</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%;text-align:left;text-indent:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Estimates include but are not limited to, vehicle pooling costs; self-insured reserves; allowance for doubtful accounts; income taxes; revenue recognition; stock-based payment compensation; purchase price allocations; long-lived asset and goodwill impairment calculations and contingencies. Actual results could differ from these estimates.</font></div></div>

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