2016 Q2 Form 10-K Financial Statement

#000001784317000050 Filed on August 11, 2017

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2015 Q4
Revenue $457.7M $456.3M $443.8M
YoY Change -17.97% -20.03% -19.07%
Cost Of Revenue $384.2M $386.3M $377.5M
YoY Change -18.17% -21.93% -18.54%
Gross Profit $73.50M $47.50M $66.30M
YoY Change -16.86% -37.34% -22.0%
Gross Profit Margin 16.06% 10.41% 14.94%
Selling, General & Admin $44.30M $41.70M $44.50M
YoY Change -1.56% -8.75% 11.25%
% of Gross Profit 60.27% 87.79% 67.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $29.30M $29.60M $30.30M
YoY Change -5.79% -3.58% 0.66%
% of Gross Profit 39.86% 62.32% 45.7%
Operating Expenses $44.30M $41.70M $44.50M
YoY Change -1.56% -8.75% 11.25%
Operating Profit $29.20M -$24.30M $21.80M
YoY Change -26.08% -606.25% -51.56%
Interest Expense -$5.800M $7.200M $7.000M
YoY Change -7.94% 1.41% 2.94%
% of Operating Profit -19.86% 32.11%
Other Income/Expense, Net -$100.0K -$1.500M $300.0K
YoY Change
Pretax Income $23.30M -$33.00M $15.10M
YoY Change -30.03% 1334.78% -60.47%
Income Tax $8.400M -$9.100M $3.600M
% Of Pretax Income 36.05% 23.84%
Net Earnings $14.90M -$23.90M $11.50M
YoY Change -33.78% 1607.14% -52.28%
Net Earnings / Revenue 3.26% -5.24% 2.59%
Basic Earnings Per Share $0.32 -$0.51 $0.23
Diluted Earnings Per Share $0.32 -$0.51 $0.23
COMMON SHARES
Basic Shares Outstanding 46.90M shares 47.10M shares 48.80M shares
Diluted Shares Outstanding 47.00M shares 47.10M shares 48.90M shares

Balance Sheet

Concept 2016 Q2 2016 Q1 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.00M $23.40M $21.10M
YoY Change 17.14% -20.41% -26.74%
Cash & Equivalents $82.00M $23.40M $21.10M
Short-Term Investments
Other Short-Term Assets $46.40M $64.80M $47.60M
YoY Change 24.73% 50.7% -45.6%
Inventory $628.7M $649.4M $687.7M
Prepaid Expenses
Receivables $253.6M $271.0M $268.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.011B $1.016B $1.036B
YoY Change -5.58% -9.17% -13.07%
LONG-TERM ASSETS
Property, Plant & Equipment $1.351B $1.348B $1.367B
YoY Change -3.26% -3.98% -3.51%
Goodwill $244.8M $244.8M $257.2M
YoY Change -4.9% -4.86% -0.12%
Intangibles $63.20M $64.90M $67.60M
YoY Change -11.73% -11.7% -10.7%
Long-Term Investments
YoY Change
Other Assets $116.0M $113.0M $112.7M
YoY Change 9.23% -1.14% -0.44%
Total Long-Term Assets $1.784B $1.770B $1.804B
YoY Change -2.65% -4.24% -3.15%
TOTAL ASSETS
Total Short-Term Assets $1.011B $1.016B $1.036B
Total Long-Term Assets $1.784B $1.770B $1.804B
Total Assets $2.794B $2.787B $2.841B
YoY Change -3.73% -6.1% -7.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $159.6M $152.9M $140.2M
YoY Change -5.84% -14.25% -26.71%
Accrued Expenses $139.2M $137.2M $155.6M
YoY Change -8.78% -4.92% 13.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $25.00M $39.50M
YoY Change 6.76%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $298.8M $315.1M $335.3M
YoY Change -7.23% -2.32% -8.26%
LONG-TERM LIABILITIES
Long-Term Debt $611.3M $612.9M $608.4M
YoY Change 1.24% 0.51% 0.21%
Other Long-Term Liabilities $51.00M $58.80M $62.10M
YoY Change -13.56% -7.11% 16.73%
Total Long-Term Liabilities $662.3M $671.7M $670.5M
YoY Change -0.08% -0.21% 1.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $298.8M $315.1M $335.3M
Total Long-Term Liabilities $662.3M $671.7M $670.5M
Total Liabilities $1.689B $1.600B $1.613B
YoY Change 7.15% 2.03% 2.13%
SHAREHOLDERS EQUITY
Retained Earnings $1.309B $1.303B $1.335B
YoY Change -1.76% -1.25% 0.38%
Common Stock $549.8M $549.1M $547.6M
YoY Change 1.29% 1.44% 2.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $343.9M $344.2M $316.9M
YoY Change 55.54% 118.4% 195.07%
Treasury Stock Shares 8.654M shares 8.663M shares 7.638M shares
Shareholders Equity $1.105B $1.187B $1.228B
YoY Change
Total Liabilities & Shareholders Equity $2.794B $2.787B $2.841B
YoY Change -3.73% -6.1% -7.02%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2015 Q4
OPERATING ACTIVITIES
Net Income $14.90M -$23.90M $11.50M
YoY Change -33.78% 1607.14% -52.28%
Depreciation, Depletion And Amortization $29.30M $29.60M $30.30M
YoY Change -5.79% -3.58% 0.66%
Cash From Operating Activities $119.7M $65.60M $30.10M
YoY Change -10.8% -45.74% 140.8%
INVESTING ACTIVITIES
Capital Expenditures -$29.10M -$16.60M -$19.60M
YoY Change 59.89% -33.33% -71.35%
Acquisitions
YoY Change
Other Investing Activities $2.000M $6.300M $300.0K
YoY Change 566.67% 6200.0%
Cash From Investing Activities -$27.10M -$10.30M -$19.30M
YoY Change 51.4% -58.47% -71.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -34.50M -51.60M -21.00M
YoY Change -52.87% -45.8% -217.98%
NET CHANGE
Cash From Operating Activities 119.7M 65.60M 30.10M
Cash From Investing Activities -27.10M -10.30M -19.30M
Cash From Financing Activities -34.50M -51.60M -21.00M
Net Change In Cash 58.10M 3.700M -10.20M
YoY Change 34.8% 311.11% -73.23%
FREE CASH FLOW
Cash From Operating Activities $119.7M $65.60M $30.10M
Capital Expenditures -$29.10M -$16.60M -$19.60M
Free Cash Flow $148.8M $82.20M $49.70M
YoY Change -2.36% -43.62% -38.57%

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23100000 USD
CY2016Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
37400000 USD
CY2017Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
44800000 USD
CY2016Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
193500000 USD
CY2017Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
139800000 USD
CY2017Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
54400000 USD
CY2016Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
17700000 USD
CY2017Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18500000 USD
CY2016Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
94200000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
177200000 USD
CY2016Q2 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
27400000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
50100000 USD
CY2016Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
20400000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
19400000 USD
CY2016Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
12900000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
6200000 USD
CY2016Q2 us-gaap Defined Benefit Pension Plan Liabilities Current
DefinedBenefitPensionPlanLiabilitiesCurrent
10100000 USD
CY2017Q2 us-gaap Defined Benefit Pension Plan Liabilities Current
DefinedBenefitPensionPlanLiabilitiesCurrent
3300000 USD
CY2016Q2 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
509300000 USD
CY2017Q2 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
378300000 USD
CY2016Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0357
CY2016Q2 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0349
CY2017Q2 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0350
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0352
CY2016 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0349
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0350
CY2017 us-gaap Defined Benefit Plan Curtailments
DefinedBenefitPlanCurtailments
500000 USD
CY2017Q2 us-gaap Defined Benefit Plan Expected Amortization Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationNextFiscalYear
13300000 USD
CY2017Q2 us-gaap Defined Benefit Plan Expected Amortization Of Gain Loss Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfGainLossNextFiscalYear
-16400000 USD
CY2017Q2 us-gaap Defined Benefit Plan Expected Amortization Of Prior Service Cost Credit Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfPriorServiceCostCreditNextFiscalYear
-3100000 USD
CY2016Q2 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.0750
CY2017Q2 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.0700
CY2016Q2 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0500
CY2017Q2 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0500
CY2015 us-gaap Depreciation
Depreciation
107200000 USD
CY2016 us-gaap Depreciation
Depreciation
106500000 USD
CY2017 us-gaap Depreciation
Depreciation
105800000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
122300000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
119300000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
117800000 USD
CY2017Q2 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2016Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
31600000 USD
CY2017Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
13100000 USD
CY2015 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
37900000 USD
CY2016 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34800000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34100000 USD
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.11
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.51
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.99
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.11
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.51
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-3200000 USD
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
800000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-100000 USD
CY2015 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
1600000 USD
CY2016 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 USD
CY2017 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
0 USD
CY2015 us-gaap Effect On Future Earnings Amount
EffectOnFutureEarningsAmount
30000000 USD
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.341
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.474
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.330
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.003
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.021
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.011
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.027
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.070
CY2017 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.030
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.016
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.055
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.015
CY2015 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.000
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.051
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
0.000
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.007
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.027
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2015 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
-0.001
CY2016 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.013
CY2017 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.033
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.022
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.022
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.020
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.009
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.084
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.039
CY2016Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
41800000 USD
CY2017Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
59100000 USD
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
700000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
500000 USD
CY2015 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
17300000 USD
CY2016 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
15100000 USD
CY2017 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
13700000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
47600000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
47800000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6600000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6600000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6600000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6600000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6600000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
110800000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
112700000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
63200000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
64900000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
400000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2400000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-400000 USD
CY2017 us-gaap Foreign Earnings Repatriated
ForeignEarningsRepatriated
11500000 USD
CY2017 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
-900000 USD
CY2015 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2016 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2017 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-3200000 USD
CY2015 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
0 USD
CY2016 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
12600000 USD
CY2017 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
0 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1200000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-600000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2500000 USD
CY2015Q2 us-gaap Goodwill
Goodwill
257400000 USD
CY2016Q2 us-gaap Goodwill
Goodwill
244800000 USD
CY2017Q2 us-gaap Goodwill
Goodwill
263400000 USD
CY2017 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
18600000 USD
CY2015Q2 us-gaap Goodwill Gross
GoodwillGross
292100000 USD
CY2016Q2 us-gaap Goodwill Gross
GoodwillGross
292000000 USD
CY2017Q2 us-gaap Goodwill Gross
GoodwillGross
310600000 USD
CY2015Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
34700000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
89100000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21500000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
70200000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
24800000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4200000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
14200000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
100000 USD
CY2016Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
47200000 USD
CY2017Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
47200000 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
12500000 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Goodwill Other Increase Decrease
GoodwillOtherIncreaseDecrease
-100000 USD
CY2015 us-gaap Gross Profit
GrossProfit
318300000 USD
CY2015Q3 us-gaap Gross Profit
GrossProfit
68600000 USD
CY2015Q4 us-gaap Gross Profit
GrossProfit
66300000 USD
CY2016Q1 us-gaap Gross Profit
GrossProfit
47500000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
73500000 USD
CY2016 us-gaap Gross Profit
GrossProfit
255900000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
46000000 USD
CY2016Q4 us-gaap Gross Profit
GrossProfit
62500000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
83100000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
92700000 USD
CY2017 us-gaap Gross Profit
GrossProfit
284300000 USD
CY2016 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
1100000 USD
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
6500000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
64300000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
17300000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
56000000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
600000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30400000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10200000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23200000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-27100000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
27900000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-33300000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-59900000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7600000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
42500000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-25400000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-48200000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
34600000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-12100000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
12000000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-14000000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
25600000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-36000000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1600000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
74600000 USD
CY2015 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
300000 USD
CY2016 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
2100000 USD
CY2017 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-2800000 USD
CY2015 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-900000 USD
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2700000 USD
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2700000 USD
CY2016Q3 us-gaap Increase Decrease In Pension Plan Obligations
IncreaseDecreaseInPensionPlanObligations
-18700000 USD
CY2015 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
100000 shares
CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
100000 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
100000 shares
CY2015 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2700000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1900000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1300000 USD
CY2015 us-gaap Interest Costs Incurred
InterestCostsIncurred
30400000 USD
CY2016 us-gaap Interest Costs Incurred
InterestCostsIncurred
29900000 USD
CY2017 us-gaap Interest Costs Incurred
InterestCostsIncurred
31100000 USD
CY2015 us-gaap Interest Expense
InterestExpense
27700000 USD
CY2016 us-gaap Interest Expense
InterestExpense
28000000 USD
CY2017 us-gaap Interest Expense
InterestExpense
29800000 USD
CY2015 us-gaap Interest Income Operating
InterestIncomeOperating
100000 USD
CY2016 us-gaap Interest Income Operating
InterestIncomeOperating
200000 USD
CY2017 us-gaap Interest Income Operating
InterestIncomeOperating
300000 USD
CY2015 us-gaap Interest Paid
InterestPaid
29000000 USD
CY2016 us-gaap Interest Paid
InterestPaid
27500000 USD
CY2017 us-gaap Interest Paid
InterestPaid
27700000 USD
CY2016Q2 us-gaap Interest Payable Current
InterestPayableCurrent
11200000 USD
CY2017Q2 us-gaap Interest Payable Current
InterestPayableCurrent
11200000 USD
CY2016Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
98200000 USD
CY2017Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
106100000 USD
CY2016Q2 us-gaap Inventory Net
InventoryNet
628700000 USD
CY2017Q2 us-gaap Inventory Net
InventoryNet
690400000 USD
CY2016Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
137600000 USD
CY2017Q2 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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48100000 shares
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124500000 USD
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123900000 USD
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58600000 USD
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11200000 USD
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46700000 USD
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58600000 USD
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11200000 USD
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46700000 USD
CY2015 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
100000 USD
CY2016 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
100000 USD
CY2017 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
300000 USD
CY2017Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
99100000 USD
CY2015 us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
300000 USD
CY2016 us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
-500000 USD
CY2017 us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
1700000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
800000 USD
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52700000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49900000 shares
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48900000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47100000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47000000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48200000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46900000 shares
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47100000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47100000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47100000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47100000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52600000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
49700000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48800000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47100000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46900000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46900000 shares
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47000000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47000000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47100000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47000000 shares
CY2017 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:72px;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%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash and cash equivalents, investments in marketable securities and trade receivables. Investment and cash management policies have been implemented that limit deposit concentrations and limit investments to investment grade securities. The risk with respect to trade receivables is mitigated by monitoring payment terms and periodic credit evaluations we perform on our customers, the short duration of our payment terms and by the diversification of our customer base.</font></div></div>
CY2017 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:72px;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-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company changed the presentation of borrowings and repayments made under the credit agreement in the consolidated statements of cash flows. Prior year amounts have been reclassified to conform to fiscal year 2017 presentation.</font></div></div>
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:72px;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%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts of assets and liabilities and 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.&#160; Actual results could differ from those estimates.</font></div></div>

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