2018 Q2 Form 10-K Financial Statement

#000001784318000047 Filed on August 14, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2018 Q1 2018
Revenue $618.0M $572.2M $2.158B
YoY Change 21.73% 20.82% 20.03%
Cost Of Revenue $503.1M $476.2M $1.775B
YoY Change 21.23% 21.95% 18.61%
Gross Profit $114.9M $96.10M $382.3M
YoY Change 23.95% 15.64% 27.09%
Gross Profit Margin 18.59% 16.79% 17.72%
Selling, General & Admin $55.50M $50.30M $193.0M
YoY Change 23.61% 6.34% 9.6%
% of Gross Profit 48.3% 52.34% 50.48%
Research & Development $19.30M
YoY Change 14.2%
% of Gross Profit 5.05%
Depreciation & Amortization $29.40M $29.20M $116.6M
YoY Change 1.38% -2.67% -1.02%
% of Gross Profit 25.59% 30.39% 30.5%
Operating Expenses $55.50M $50.30M $212.3M
YoY Change 23.61% 6.34% 10.0%
Operating Profit $60.00M $45.70M $189.3M
YoY Change 34.53% 27.65% 55.8%
Interest Expense -$5.700M $7.500M $28.30M
YoY Change -5.0% -2.6% -5.03%
% of Operating Profit -9.5% 16.41% 14.95%
Other Income/Expense, Net -$100.0K -$500.0K -$800.0K
YoY Change -80.0% -150.0% -96.28%
Pretax Income $53.60M $37.70M $160.2M
YoY Change 40.68% 29.55% 128.21%
Income Tax $11.50M $7.500M -$28.30M
% Of Pretax Income 21.46% 19.89% -17.67%
Net Earnings $42.80M $30.20M $188.5M
YoY Change 67.84% 45.89% 301.06%
Net Earnings / Revenue 6.93% 5.28% 8.74%
Basic Earnings Per Share $0.90 $0.63 $3.96
Diluted Earnings Per Share $0.88 $0.63 $3.92
COMMON SHARES
Basic Shares Outstanding 47.70M shares 47.70M shares 47.20M shares
Diluted Shares Outstanding 48.10M shares 48.10M shares 47.60M shares

Balance Sheet

Concept 2018 Q2 2018 Q1 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.20M $46.80M $56.20M
YoY Change -15.23% 181.93% -15.23%
Cash & Equivalents $56.20M $46.80M $56.20M
Short-Term Investments
Other Short-Term Assets $54.90M $62.60M $54.90M
YoY Change 18.06% 26.98% 18.06%
Inventory $689.2M $732.6M $689.2M
Prepaid Expenses
Receivables $378.5M $349.3M $378.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.179B $1.191B $1.179B
YoY Change 7.79% 13.31% 7.79%
LONG-TERM ASSETS
Property, Plant & Equipment $1.313B $1.296B $1.313B
YoY Change -0.26% -1.26% -0.26%
Goodwill $268.7M $273.7M
YoY Change 2.01% 1.03%
Intangibles $63.30M $59.90M
YoY Change -2.47% 2.92%
Long-Term Investments
YoY Change
Other Assets $178.5M $165.8M $182.8M
YoY Change 35.43% 35.57% 31.13%
Total Long-Term Assets $1.828B $1.801B $1.828B
YoY Change 2.45% 1.67% 2.45%
TOTAL ASSETS
Total Short-Term Assets $1.179B $1.191B $1.179B
Total Long-Term Assets $1.828B $1.801B $1.828B
Total Assets $3.007B $2.992B $3.007B
YoY Change 4.48% 6.01% 4.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $214.7M $217.7M $214.7M
YoY Change 6.76% 13.8% 6.76%
Accrued Expenses $148.6M $128.4M $136.7M
YoY Change 6.22% 10.03% 38.36%
Deferred Revenue $10.40M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $55.00M $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $363.3M $401.1M $363.3M
YoY Change -8.26% 24.49% -8.26%
LONG-TERM LIABILITIES
Long-Term Debt $545.7M $546.3M $545.7M
YoY Change -0.78% -9.57% -0.78%
Other Long-Term Liabilities $53.50M $51.60M $450.5M
YoY Change 11.92% 18.35% -17.9%
Total Long-Term Liabilities $599.2M $597.9M $996.2M
YoY Change 0.23% -7.69% -9.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $363.3M $401.1M $363.3M
Total Long-Term Liabilities $599.2M $597.9M $996.2M
Total Liabilities $1.521B $1.621B $1.521B
YoY Change -9.43% -2.41% -9.43%
SHAREHOLDERS EQUITY
Retained Earnings $1.476B $1.442B
YoY Change 11.66% 10.49%
Common Stock $588.6M $577.2M
YoY Change 4.83% 3.02%
Preferred Stock
YoY Change
Treasury Stock (at cost) $338.8M $339.8M
YoY Change -0.82% -0.67%
Treasury Stock Shares 8.520M shares 8.552M shares
Shareholders Equity $1.486B $1.371B $1.486B
YoY Change
Total Liabilities & Shareholders Equity $3.007B $2.992B $3.007B
YoY Change 4.48% 6.01% 4.48%

Cashflow Statement

Concept 2018 Q2 2018 Q1 2018
OPERATING ACTIVITIES
Net Income $42.80M $30.20M $188.5M
YoY Change 67.84% 45.89% 301.06%
Depreciation, Depletion And Amortization $29.40M $29.20M $116.6M
YoY Change 1.38% -2.67% -1.02%
Cash From Operating Activities $118.5M $73.40M $209.2M
YoY Change 26.33% 19.74% 60.55%
INVESTING ACTIVITIES
Capital Expenditures -$54.10M -$25.20M -$135.0M
YoY Change 52.82% 40.0% 37.06%
Acquisitions $13.30M
YoY Change -62.32%
Other Investing Activities $600.0K -$5.000M $0.00
YoY Change -96.1% -82.76%
Cash From Investing Activities -$53.50M -$30.20M -$139.4M
YoY Change 167.5% -35.74% 24.35%
FINANCING ACTIVITIES
Cash Dividend Paid $34.40M
YoY Change 0.88%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $55.00M
YoY Change
Cash From Financing Activities -56.70M -17.20M -$78.90M
YoY Change 150.88% -15.27% 133.43%
NET CHANGE
Cash From Operating Activities 118.5M 73.40M $209.2M
Cash From Investing Activities -53.50M -30.20M -$139.4M
Cash From Financing Activities -56.70M -17.20M -$78.90M
Net Change In Cash 8.300M 26.00M -$10.10M
YoY Change -83.79% -533.33% -35.67%
FREE CASH FLOW
Cash From Operating Activities $118.5M $73.40M $209.2M
Capital Expenditures -$54.10M -$25.20M -$135.0M
Free Cash Flow $172.6M $98.60M $344.2M
YoY Change 33.59% 24.34% 50.44%

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CY2018Q2 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
0 USD
CY2017Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
264500000 USD
CY2018Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
156400000 USD
CY2017Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
246000000 USD
CY2018Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
132500000 USD
CY2017Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
23100000 USD
CY2017Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
139800000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
66800000 USD
CY2017Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
54400000 USD
CY2018Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
33700000 USD
CY2017Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18500000 USD
CY2018Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23900000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
177200000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
157300000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
50100000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
30500000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
0 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
8700000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
19400000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
11900000 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
6200000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
3500000 USD
CY2017Q2 us-gaap Defined Benefit Pension Plan Liabilities Current
DefinedBenefitPensionPlanLiabilitiesCurrent
3300000 USD
CY2018Q2 us-gaap Defined Benefit Pension Plan Liabilities Current
DefinedBenefitPensionPlanLiabilitiesCurrent
3300000 USD
CY2017Q2 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
378300000 USD
CY2018Q2 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
288800000 USD
CY2016Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0357
CY2017Q2 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0350
CY2018Q2 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.0344
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
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0344
CY2017 us-gaap Defined Benefit Plan Curtailments
DefinedBenefitPlanCurtailments
500000 USD
CY2018Q2 us-gaap Defined Benefit Plan Expected Amortization Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationNextFiscalYear
9000000 USD
CY2018Q2 us-gaap Defined Benefit Plan Expected Amortization Of Gain Loss Next Fiscal Year
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-12100000 USD
CY2018Q2 us-gaap Defined Benefit Plan Expected Amortization Of Prior Service Cost Credit Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfPriorServiceCostCreditNextFiscalYear
-3100000 USD
CY2017Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
USD
CY2017Q2 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
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0.0700
CY2018Q2 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.0650
CY2017Q2 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
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0.0500
CY2018Q2 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0500
CY2016 us-gaap Depreciation
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106500000 USD
CY2017 us-gaap Depreciation
Depreciation
105800000 USD
CY2018 us-gaap Depreciation
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104700000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
119300000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
117800000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
116600000 USD
CY2018Q2 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2017Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
13100000 USD
CY2018Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
0 USD
CY2016 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34800000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34100000 USD
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34400000 USD
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2016Q3 us-gaap Earnings Per Share Basic
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-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
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2017Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.93
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.90
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.96
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
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.92
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.88
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.92
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
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-1000000 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
CY2018 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
-600000 USD
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.474
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.330
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.177
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.281
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.008
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.493
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.015
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.001
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0.051
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0.000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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0.000
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-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
CY2018 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.002
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.026
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
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.014
CY2017Q2 us-gaap Employee Related Liabilities Current
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59100000 USD
CY2018Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
83300000 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
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2016 us-gaap Fair Value Of Assets Acquired
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15100000 USD
CY2017 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
13700000 USD
CY2018 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
16500000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
47800000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
54600000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6900000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6900000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6900000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6900000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6900000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
112700000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
117900000 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
64900000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
63300000 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
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Gross Profit
GrossProfit
255900000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
46000000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-600000 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
CY2018 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
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
CY2018 us-gaap Gain Loss On Sale Of Equity Investments
GainLossOnSaleOfEquityInvestments
0 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
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2500000 USD
CY2016Q2 us-gaap Goodwill
Goodwill
244800000 USD
CY2017Q2 us-gaap Goodwill
Goodwill
263400000 USD
CY2018Q2 us-gaap Goodwill
Goodwill
268700000 USD
CY2017 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
18600000 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
5300000 USD
CY2016Q2 us-gaap Goodwill Gross
GoodwillGross
292000000 USD
CY2017Q2 us-gaap Goodwill Gross
GoodwillGross
310600000 USD
CY2018Q2 us-gaap Goodwill Gross
GoodwillGross
315900000 USD
CY2016Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
47200000 USD
CY2017Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
47200000 USD
CY2018Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
47200000 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
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
CY2017Q3 us-gaap Gross Profit
GrossProfit
85600000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
85700000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
96000000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
114900000 USD
CY2018 us-gaap Gross Profit
GrossProfit
382200000 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
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
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
140300000 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
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
160200000 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
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
19900000 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
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10200000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23200000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-28300000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
27900000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-33300000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
33700000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
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-7600000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
42500000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
10700000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
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-48200000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
34600000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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86800000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
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-13500000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
26600000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
28700000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1600000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
74600000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-400000 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
CY2018 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
9600000 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
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2400000 USD
CY2016Q3 us-gaap Increase Decrease In Pension Plan Obligations
IncreaseDecreaseInPensionPlanObligations
18700000 USD
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
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1900000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1300000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2800000 USD
CY2016 us-gaap Interest Costs Incurred
InterestCostsIncurred
29900000 USD
CY2017 us-gaap Interest Costs Incurred
InterestCostsIncurred
31100000 USD
CY2018 us-gaap Interest Costs Incurred
InterestCostsIncurred
31100000 USD
CY2016 us-gaap Interest Expense
InterestExpense
28000000 USD
CY2017 us-gaap Interest Expense
InterestExpense
29800000 USD
CY2018 us-gaap Interest Expense
InterestExpense
28300000 USD
CY2016 us-gaap Interest Income Operating
InterestIncomeOperating
200000 USD
CY2017 us-gaap Interest Income Operating
InterestIncomeOperating
300000 USD
CY2018 us-gaap Interest Income Operating
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CY2018 us-gaap Interest Paid
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CY2018Q2 us-gaap Interest Payable Current
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CY2018Q2 us-gaap Liabilities And Stockholders Equity
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0 USD
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300000000 USD
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250000000 USD
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0 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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52800000 USD
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95200000 USD
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12000000 USD
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900000 USD
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4900000 USD
CY2017 us-gaap Repayments Of Longterm Loans From Vendors
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CY2018 us-gaap Restructuring Settlement And Impairment Provisions
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CY2018 us-gaap Restructuring Settlement And Impairment Provisions
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389000000 USD
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CY2017Q2 us-gaap Revenues
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507700000 USD
CY2017 us-gaap Revenues
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479800000 USD
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17600000 USD
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CY2017 us-gaap Stock Issued During Period Shares Share Based Compensation
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8800000 USD
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12700000 USD
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12900000 USD
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500000000 USD
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1485900000 USD
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1104900000 USD
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1198600000 USD
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1485900000 USD
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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47600000 shares
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47700000 shares
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48000000 shares
CY2017Q2 us-gaap Treasury Stock Shares
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CY2018Q2 us-gaap Treasury Stock Shares
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8520485 shares
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3762200 shares
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2018 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2017Q2 us-gaap Treasury Stock Value
TreasuryStockValue
341600000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
338800000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
123900000 USD
CY2016 us-gaap Undistributed Earnings
UndistributedEarnings
11200000 USD
CY2017 us-gaap Undistributed Earnings
UndistributedEarnings
46700000 USD
CY2018 us-gaap Undistributed Earnings
UndistributedEarnings
186800000 USD
CY2016 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
11200000 USD
CY2017 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
46700000 USD
CY2018 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
186800000 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
CY2018 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1700000 USD
CY2018Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
93800000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
5400000 USD
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
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47300000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47600000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48100000 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
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47100000 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47200000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47200000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47400000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47200000 shares
CY2018 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>
CY2018 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;">Certain amounts in the consolidated financial statement for prior years have been reclassified to conform to the fiscal year 2018 presentation. </font></div></div>
CY2018 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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