2018 Q2 Form 10-K Financial Statement

#000077240619000008 Filed on May 24, 2019

View on sec.gov

Income Statement

Concept 2018 Q2 2018 Q1 2017 Q3
Revenue $254.5M $303.2M $425.5M
YoY Change -20.66% -7.53% -0.72%
Cost Of Revenue $129.9M $150.5M $214.3M
YoY Change -18.3% -8.01% -1.23%
Gross Profit $124.6M $152.6M $211.3M
YoY Change -22.98% -7.09% -0.2%
Gross Profit Margin 48.95% 50.34% 49.65%
Selling, General & Admin $32.78M $36.30M $30.04M
YoY Change 6.24% 14.15% -6.38%
% of Gross Profit 26.32% 23.78% 14.22%
Research & Development $97.93M $95.60M $90.35M
YoY Change 17.2% 22.56% 19.4%
% of Gross Profit 78.62% 62.64% 42.76%
Depreciation & Amortization $22.64M $22.20M $19.40M
YoY Change 15.53% 44.16% 28.48%
% of Gross Profit 18.18% 14.54% 9.18%
Operating Expenses $130.7M $131.9M $120.4M
YoY Change 14.25% 20.13% 11.72%
Operating Profit -$6.157M $20.73M $90.89M
YoY Change -113.02% -61.95% -12.55%
Interest Expense $1.400M $1.400M $700.0K
YoY Change 133.33% 1300.0% -170.0%
% of Operating Profit 6.75% 0.77%
Other Income/Expense, Net $210.0K -$200.0K -$1.116M
YoY Change -1205.26% -300.0% 327.59%
Pretax Income -$4.500M $22.00M $90.50M
YoY Change -109.4% -51.0% -11.86%
Income Tax -$200.0K $7.900M $17.20M
% Of Pretax Income 35.91% 19.0%
Net Earnings -$4.272M $12.00M $73.30M
YoY Change -109.96% -65.76% -14.81%
Net Earnings / Revenue -1.68% 3.96% 17.23%
Basic Earnings Per Share -$0.07 $0.19 $1.16
Diluted Earnings Per Share -$0.07 $0.19 $1.10
COMMON SHARES
Basic Shares Outstanding 61.46M shares 63.37M shares 63.43M shares
Diluted Shares Outstanding 61.46M shares 66.36M shares

Balance Sheet

Concept 2018 Q2 2018 Q1 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $226.3M $262.0M $195.6M
YoY Change 29.11% -41.9% -14.71%
Cash & Equivalents $186.5M $235.6M $180.2M
Short-Term Investments $39.88M $26.40M $15.45M
Other Short-Term Assets $14.27M $13.88M $10.26M
YoY Change 31.41% 14.75% -71.34%
Inventory $205.4M $205.8M $210.8M
Prepaid Expenses $30.50M $31.24M $20.92M
Receivables $106.3M $100.8M $232.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $575.1M $613.7M $670.0M
YoY Change -0.59% -20.91% -3.74%
LONG-TERM ASSETS
Property, Plant & Equipment $195.8M $191.2M $177.5M
YoY Change 14.62% 13.69% 8.25%
Goodwill $287.0M $288.7M $289.2M
YoY Change 0.0% 0.66%
Intangibles
YoY Change
Long-Term Investments $159.3M $172.5M $133.5M
YoY Change 18.09% 6575.0%
Other Assets $34.15M $37.81M $23.70M
YoY Change 67.93% 158.84% -48.36%
Total Long-Term Assets $791.7M $816.4M $785.8M
YoY Change 0.45% 28.06% 20.98%
TOTAL ASSETS
Total Short-Term Assets $575.1M $613.7M $670.0M
Total Long-Term Assets $791.7M $816.4M $785.8M
Total Assets $1.367B $1.430B $1.456B
YoY Change 0.01% 1.18% 8.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $53.66M $69.85M $131.1M
YoY Change -37.61% -5.37% 0.48%
Accrued Expenses $42.20M $48.40M $49.20M
YoY Change -8.66% -12.48% 7.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $118.6M $140.2M $191.2M
YoY Change -18.67% -2.68% 0.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $7.801M $7.662M $57.42M
YoY Change -85.76% 108.15% 24.01%
Total Long-Term Liabilities $121.1M $128.2M $64.66M
YoY Change 101.54% 8.9% -65.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $118.6M $140.2M $191.2M
Total Long-Term Liabilities $121.1M $128.2M $64.66M
Total Liabilities $239.7M $268.4M $255.9M
YoY Change 16.39% 2.53% -32.03%
SHAREHOLDERS EQUITY
Retained Earnings -$184.7M -$139.3M -$92.18M
YoY Change 64.51% 30.21%
Common Stock $1.325B $1.312B $1.289B
YoY Change 4.14% 4.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.127B $1.162B $1.200B
YoY Change
Total Liabilities & Shareholders Equity $1.367B $1.430B $1.456B
YoY Change 0.01% 1.18% 8.2%

Cashflow Statement

Concept 2018 Q2 2018 Q1 2017 Q3
OPERATING ACTIVITIES
Net Income -$4.272M $12.00M $73.30M
YoY Change -109.96% -65.76% -14.81%
Depreciation, Depletion And Amortization $22.64M $22.20M $19.40M
YoY Change 15.53% 44.16% 28.48%
Cash From Operating Activities $4.689M $105.7M $84.50M
YoY Change -222.88% -15.37% 252.08%
INVESTING ACTIVITIES
Capital Expenditures $10.83M -$22.60M -$16.10M
YoY Change 0.73% 41.25% 20.15%
Acquisitions
YoY Change
Other Investing Activities -$300.0K -$12.90M -$2.700M
YoY Change -99.35% -53.09% -88.31%
Cash From Investing Activities -$12.84M -$35.50M -$18.80M
YoY Change -83.52% -18.39% -48.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $40.00M
YoY Change -12.18%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$41.00M -61.30M -49.40M
YoY Change -61.15% 50.99% 175.98%
NET CHANGE
Cash From Operating Activities $4.689M 105.7M 84.50M
Cash From Investing Activities -$12.84M -35.50M -18.80M
Cash From Financing Activities -$41.00M -61.30M -49.40M
Net Change In Cash -$49.15M 8.900M 16.30M
YoY Change -73.75% -78.19% -153.8%
FREE CASH FLOW
Cash From Operating Activities $4.689M $105.7M $84.50M
Capital Expenditures $10.83M -$22.60M -$16.10M
Free Cash Flow -$6.138M $128.3M $100.6M
YoY Change -57.86% -8.94% 168.98%

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280000000 shares
CY2019Q1 us-gaap Common Stock Shares Authorized
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280000000 shares
CY2018Q1 us-gaap Common Stock Shares Issued
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61960000 shares
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
58954000 shares
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61960000 shares
CY2019Q1 us-gaap Common Stock Shares Outstanding
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58954000 shares
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CY2019Q1 us-gaap Common Stock Value
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CY2019 us-gaap Comprehensive Income Net Of Tax
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100286000 USD
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781125000 USD
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771470000 USD
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588027000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
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36174000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
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87894000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
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5319000 USD
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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120300000 USD
CY2019Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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600000 USD
CY2018Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
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0 security
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14716000 USD
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8727000 USD
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10885000 USD
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11646000 USD
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1717000 USD
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22611000 USD
CY2019Q1 us-gaap Deferred Income Tax Liabilities
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17716000 USD
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17664000 USD
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15210000 USD
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36003000 USD
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1416000 USD
CY2018Q1 us-gaap Deferred Tax Assets Net
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24027000 USD
CY2019Q1 us-gaap Deferred Tax Assets Net
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17415000 USD
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3646000 USD
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2940000 USD
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2402000 USD
CY2019Q1 us-gaap Deferred Tax Assets Other
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1261000 USD
CY2018Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
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12701000 USD
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13111000 USD
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14156000 USD
CY2019Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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14667000 USD
CY2018Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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5793000 USD
CY2019Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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4024000 USD
CY2018Q1 us-gaap Deferred Tax Assets Valuation Allowance
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14671000 USD
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18588000 USD
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301000 USD
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13427000 USD
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8803000 USD
CY2018 us-gaap Defined Benefit Plan Actual Return On Plan Assets
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2700000 USD
CY2019 us-gaap Defined Benefit Plan Actual Return On Plan Assets
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0 USD
CY2018 us-gaap Defined Benefit Plan Actuarial Gain Loss
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16270000 USD
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0 USD
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0.0360
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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0.0270
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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0.0493
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0423
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21123000 USD
CY2018Q1 us-gaap Defined Benefit Plan Benefit Obligation
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40601000 USD
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DefinedBenefitPlanBenefitObligation
0 USD
CY2018 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
312000 USD
CY2019 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
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0 USD
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
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12877000 USD
CY2019 us-gaap Defined Benefit Plan Contributions By Employer
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0 USD
CY2017Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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22143000 USD
CY2018Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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40601000 USD
CY2019Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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0 USD
CY2018 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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2869000 USD
CY2019 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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0 USD
CY2018Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
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0 USD
CY2019Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
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0 USD
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651000 USD
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0 USD
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312000 USD
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0 USD
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3193000 USD
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0 USD
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0 USD
CY2018 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
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0 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
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0 USD
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6700000 USD
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7700000 USD
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26100000 USD
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40601000 USD
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0 USD
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40601000 USD
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5500000 USD
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27700000 USD
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32000000 USD
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63433000 USD
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81399000 USD
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0.96
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0.50
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0.10
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3.92
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2.46
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0.49
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0.10
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1.46
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0.171
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0.389
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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0.040
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.350
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0.316
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0.21
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0.000
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0.000
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0.044
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0.000
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0.023
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-0.001
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-0.096
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-0.029
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-0.010
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-0.002
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0.006
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0.001
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0.018
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.025
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.067
CY2018Q1 us-gaap Employee Related Liabilities Current
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29289000 USD
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12482000 USD
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5953000 USD
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5748000 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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25000 USD
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4695000 USD
CY2018Q1 us-gaap Fair Value Net Asset Liability
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0 USD
CY2019Q1 us-gaap Fair Value Net Asset Liability
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0 USD
CY2018Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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153402000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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197375000 USD
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28443000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
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541000 USD
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1695000 USD
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6663000 USD
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12755000 USD
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17750000 USD
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265222000 USD
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111547000 USD
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111500000 USD
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67800000 USD
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67847000 USD
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0 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets1
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0 USD
CY2019 us-gaap Gain Loss On Disposition Of Assets1
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4913000 USD
CY2019 us-gaap Gain Loss On Disposition Of Assets1
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4900000 USD
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-10387000 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
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-626000 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
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2713000 USD
CY2018Q1 us-gaap Goodwill
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CY2018Q1 us-gaap Goodwill
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288700000 USD
CY2019Q1 us-gaap Goodwill
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286241000 USD
CY2019Q1 us-gaap Goodwill
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286200000 USD
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0 USD
CY2018 us-gaap Goodwill Impairment Loss
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0 USD
CY2019 us-gaap Goodwill Impairment Loss
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0 USD
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757815000 USD
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161716000 USD
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211282000 USD
us-gaap Gross Profit
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235088000 USD
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124559000 USD
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597497000 USD
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0 USD
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137654000 USD
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91220000 USD
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41980000 USD
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177393000 USD
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163180000 USD
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124639000 USD
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173879000 USD
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51764000 USD
CY2018Q3 us-gaap Gross Profit
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185119000 USD
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9800000 USD
CY2017 us-gaap Impairment Of Real Estate
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9842000 USD
CY2018 us-gaap Impairment Of Real Estate
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0 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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315047000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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265099000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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93744000 USD
CY2018 us-gaap Income Tax Examination Penalties And Interest Expense
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800000 USD
CY2019 us-gaap Income Tax Examination Penalties And Interest Expense
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1500000 USD
CY2017 us-gaap Income Tax Expense Benefit
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53838000 USD
CY2018 us-gaap Income Tax Expense Benefit
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103104000 USD
CY2019 us-gaap Income Tax Expense Benefit
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3753000 USD
CY2017 us-gaap Income Taxes Paid
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8001000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
34385000 USD
CY2019 us-gaap Income Taxes Paid
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20617000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
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1772000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
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143000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
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-21965000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
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31442000 USD
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-19173000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
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14316000 USD
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
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10969000 USD
CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
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22983000 USD
CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2017 us-gaap Increase Decrease In Employee Related Liabilities
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18951000 USD
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25880000 USD
CY2018 us-gaap Increase Decrease In Inventories
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37865000 USD
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CY2018 us-gaap Interest Expense
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12700000 USD
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369751000 USD
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400000 USD
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300000 USD
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CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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2791000 USD
CY2019 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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31000 USD
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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2231000 USD
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
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0 USD
CY2019 us-gaap Other Comprehensive Income Loss Finalization Of Pension And Non Pension Postretirement Plan Valuation Before Tax
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13814000 USD
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CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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2791000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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0 USD
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89000 USD
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0 USD
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2019 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
3217000 USD
CY2017 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2018 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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CY2019 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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3217000 USD
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47000 USD
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2823000 USD
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OtherNoncashIncomeExpense
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PaymentsToAcquirePropertyPlantAndEquipment
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ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
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ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
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CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
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16518000 USD
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699000 USD
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0 USD
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0 USD
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4692000 shares
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3323000 shares
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1200000 shares
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1300000 shares
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1322000 shares
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28.97
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52200000 USD
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9800000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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2600000 USD
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0 shares
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0 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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0 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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0 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
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9000 shares
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38000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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215000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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216000 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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280000 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2925000 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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1758000 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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1740000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1865000 shares
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.96
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.25
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
31.91
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.68
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
20786000 USD
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1858000 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
33.64
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
1719000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
1755000 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
2371000 shares
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.87
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
18.84
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
15.03
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.00
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
55.01
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.00
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.00
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
49.62
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
54.65
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
55.72
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
40.41
CY2019Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
1322000 shares
CY2019Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
1865000 shares
CY2019Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
19733000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y5M27D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y7M21D
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3800000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3800000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
4100000 USD
CY2019Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
28.97
CY2019Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
33.68
CY2019 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y7M25D
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1382000 shares
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1400000 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
234000 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
200000 shares
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
100000 shares
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
108000 shares
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2429000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-13389000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-11466000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
16400000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
4400000 USD
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
1600000 USD
CY2017 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
15439000 USD
CY2018 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
175776000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
159997000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
859483000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
1151692000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
1161728000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
1140240000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
30858000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
55164000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
39746000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
39700000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2296000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
17622000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
17600000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
26602000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2200000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2204000 USD
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3900000 USD
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3232000 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2544000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1467000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66561000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65951000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61583000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63329000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63407000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60116000 shares
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Credit Risk</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject us to material concentrations of credit risk consist primarily of cash equivalents, marketable securities, long-term marketable securities, and trade accounts receivable. We are exposed to credit risk to the extent of the amounts recorded on the balance sheet. By policy, our cash equivalents, marketable securities, and long-term marketable securities are subject to certain nationally recognized credit standards, issuer concentrations, sovereign risk, and marketability or liquidity considerations.</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In evaluating our trade receivables, we perform credit evaluations of our major customers&#8217; financial condition and monitor closely all of our receivables to limit our financial exposure by limiting the length of time and amount of credit extended. In certain situations, we may require payment in advance or utilize letters of credit to reduce credit risk. By policy, we establish a reserve for trade accounts receivable based on the type of business in which a customer is engaged, the length of time a trade account receivable is outstanding, and other knowledge that we may possess relating to the probability that a trade receivable is at risk for non-payment.</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We had three contract manufacturers, </font><font style="font-family:inherit;font-size:10pt;">Hongfujin Precision</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Pegatron</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">Foxconn</font><font style="font-family:inherit;font-size:10pt;"> who represented </font><font style="font-family:inherit;font-size:10pt;">22</font><font style="font-family:inherit;font-size:10pt;">&#160;percent, </font><font style="font-family:inherit;font-size:10pt;">19</font><font style="font-family:inherit;font-size:10pt;"> percent, and </font><font style="font-family:inherit;font-size:10pt;">11</font><font style="font-family:inherit;font-size:10pt;"> percent, respectively of our consolidated gross trade accounts receivable as of the end of fiscal year </font><font style="font-family:inherit;font-size:10pt;">2019</font><font style="font-family:inherit;font-size:10pt;">. </font><font style="font-family:inherit;font-size:10pt;">Pegatron</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Jabil Circuits</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">Hongfujin Precision</font><font style="font-family:inherit;font-size:10pt;"> represented </font><font style="font-family:inherit;font-size:10pt;">24</font><font style="font-family:inherit;font-size:10pt;"> percent, </font><font style="font-family:inherit;font-size:10pt;">18</font><font style="font-family:inherit;font-size:10pt;"> percent, and </font><font style="font-family:inherit;font-size:10pt;">11 percent</font><font style="font-family:inherit;font-size:10pt;">, respectively of our consolidated gross trade accounts receivable as of the end of fiscal year </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">. No other distributor or customer had receivable balances that represented more than 10 percent of consolidated gross trade accounts receivable as of the end of fiscal year </font><font style="font-family:inherit;font-size:10pt;">2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Since the components we produce are largely proprietary and generally not available from second sources, we consider our end customer to be the entity specifying the use of our component in their design. These end customers may then purchase our products directly from us, from a distributor, or through a third-party manufacturer contracted to produce their end product. For fiscal years </font><font style="font-family:inherit;font-size:10pt;">2019</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, our </font><font style="font-family:inherit;font-size:10pt;">ten</font><font style="font-family:inherit;font-size:10pt;"> largest end customers represented approximately </font><font style="font-family:inherit;font-size:10pt;">91</font><font style="font-family:inherit;font-size:10pt;"> percent, </font><font style="font-family:inherit;font-size:10pt;">92</font><font style="font-family:inherit;font-size:10pt;"> percent, and </font><font style="font-family:inherit;font-size:10pt;">92</font><font style="font-family:inherit;font-size:10pt;"> percent, of our sales, respectively. For fiscal years </font><font style="font-family:inherit;font-size:10pt;">2019</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, we had </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> end customer, Apple Inc., who purchased through multiple contract manufacturers and represented approximately </font><font style="font-family:inherit;font-size:10pt;">78</font><font style="font-family:inherit;font-size:10pt;"> percent, </font><font style="font-family:inherit;font-size:10pt;">81</font><font style="font-family:inherit;font-size:10pt;"> percent, and </font><font style="font-family:inherit;font-size:10pt;">79</font><font style="font-family:inherit;font-size:10pt;"> percent, of the Company&#8217;s total sales, respectively. No other customer or distributor represented more than 10 percent of net sales in fiscal years </font><font style="font-family:inherit;font-size:10pt;">2019</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, or </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to prior year balances in order to conform to the current year&#8217;s presentation of financial information.</font></div></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with U.S. GAAP requires the use of management estimates. These estimates are subjective in nature and involve judgments that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at fiscal year-end and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates.</font></div></div>

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