2024 Q3 Form 10-Q Financial Statement

#000162479424000058 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $227.9M $226.2M
YoY Change 11.92% 11.22%
Cost Of Revenue $124.0M $118.8M
YoY Change 10.05% 6.8%
Gross Profit $103.9M $107.4M
YoY Change 14.23% 16.55%
Gross Profit Margin 45.59% 47.49%
Selling, General & Admin $52.35M $52.36M
YoY Change 6.92% 11.5%
% of Gross Profit 50.39% 48.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.13M $3.622M
YoY Change 10.15% -60.23%
% of Gross Profit 9.75% 3.37%
Operating Expenses $52.35M $52.36M
YoY Change 6.92% 11.5%
Operating Profit $51.55M $55.06M
YoY Change 22.76% 21.8%
Interest Expense -$1.341M -$2.520M
YoY Change -59.44% -37.14%
% of Operating Profit -2.6% -4.58%
Other Income/Expense, Net -$677.0K $260.0K
YoY Change -135.15% -17.2%
Pretax Income $49.50M $52.80M
YoY Change 21.92% 27.2%
Income Tax $12.90M $13.90M
% Of Pretax Income 26.06% 26.33%
Net Earnings $36.05M $38.59M
YoY Change 19.95% 26.07%
Net Earnings / Revenue 15.82% 17.06%
Basic Earnings Per Share $2.27 $2.48
Diluted Earnings Per Share $2.26 $2.47
COMMON SHARES
Basic Shares Outstanding 15.53M shares 15.53M shares
Diluted Shares Outstanding 15.94M shares 15.60M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $273.2M $18.85M
YoY Change 1879.86% 27.48%
Cash & Equivalents $273.2M $18.85M
Short-Term Investments
Other Short-Term Assets $17.28M $12.38M
YoY Change -36.7% -37.39%
Inventory $183.7M $156.8M
Prepaid Expenses
Receivables $135.3M $143.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $609.5M $331.2M
YoY Change 91.28% 3.93%
LONG-TERM ASSETS
Property, Plant & Equipment $95.13M $92.37M
YoY Change 7.3% -37.51%
Goodwill $255.9M $246.4M
YoY Change 5.31% 1.33%
Intangibles $333.3M $312.9M
YoY Change 7.47% -0.15%
Long-Term Investments
YoY Change
Other Assets $65.45M $67.64M
YoY Change 28.67% 570.19%
Total Long-Term Assets $749.8M $719.3M
YoY Change 8.25% 0.68%
TOTAL ASSETS
Total Short-Term Assets $609.5M $331.2M
Total Long-Term Assets $749.8M $719.3M
Total Assets $1.359B $1.051B
YoY Change 34.41% 1.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.19M $55.03M
YoY Change 34.12% 18.97%
Accrued Expenses $96.26M $66.46M
YoY Change 46.76% 10.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $159.5M $121.5M
YoY Change 41.48% 14.13%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $115.0M
YoY Change -100.0% -45.24%
Other Long-Term Liabilities $148.4M $143.2M
YoY Change 25.23% 4.01%
Total Long-Term Liabilities $148.4M $258.2M
YoY Change -49.09% -25.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $159.5M $121.5M
Total Long-Term Liabilities $148.4M $258.2M
Total Liabilities $308.9M $380.8M
YoY Change -23.78% -19.5%
SHAREHOLDERS EQUITY
Retained Earnings $651.1M $618.4M
YoY Change 18.81% 18.7%
Common Stock $177.0K $164.0K
YoY Change 8.59% 0.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.030B $650.2M
YoY Change
Total Liabilities & Shareholders Equity $1.359B $1.051B
YoY Change 34.41% 1.69%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $36.05M $38.59M
YoY Change 19.95% 26.07%
Depreciation, Depletion And Amortization $10.13M $3.622M
YoY Change 10.15% -60.23%
Cash From Operating Activities $66.81M $62.66M
YoY Change 49.81% 24.67%
INVESTING ACTIVITIES
Capital Expenditures $5.486M $3.101M
YoY Change 95.93% -37.62%
Acquisitions
YoY Change
Other Investing Activities -$32.58M -$180.0K
YoY Change 3972.75% 80.0%
Cash From Investing Activities -$38.07M -$3.281M
YoY Change 957.44% -35.3%
FINANCING ACTIVITIES
Cash Dividend Paid $3.262M
YoY Change 10.69%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $58.72M
YoY Change 0.5%
Cash From Financing Activities 224.8M -$62.15M
YoY Change -648.17% 27.33%
NET CHANGE
Cash From Operating Activities 66.81M $62.66M
Cash From Investing Activities -38.07M -$3.281M
Cash From Financing Activities 224.8M -$62.15M
Net Change In Cash 253.5M -$3.304M
YoY Change 3024325082407822000.0% -8.86%
FREE CASH FLOW
Cash From Operating Activities $66.81M $62.66M
Capital Expenditures $5.486M $3.101M
Free Cash Flow $61.33M $59.55M
YoY Change 46.72% 31.51%

Facts In Submission

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CY2024Q2 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
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CY2024Q1 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
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CY2024Q2 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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CY2023Q2 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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CY2024Q2 us-gaap Depreciation
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CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2024Q2 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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CY2024Q2 us-gaap Proceeds From Previous Acquisition
ProceedsFromPreviousAcquisition
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CY2023Q2 us-gaap Proceeds From Previous Acquisition
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CY2024Q2 us-gaap Proceeds From Long Term Lines Of Credit
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PaymentsForRepurchaseOfCommonStock
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CY2024Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q2 us-gaap Number Of Operating Segments
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CY2024Q2 cswi Number Of Countries
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CY2024Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
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CY2024Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
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CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2024Q2 us-gaap Inventory Finished Goods
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CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2024Q2 us-gaap Inventory Gross
InventoryGross
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CY2024Q1 us-gaap Inventory Gross
InventoryGross
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CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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CY2024Q1 us-gaap Inventory Valuation Reserves
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CY2024Q2 us-gaap Inventory Net
InventoryNet
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CY2024Q1 us-gaap Inventory Net
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CY2024Q1 us-gaap Goodwill
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CY2024Q2 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
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CY2024Q2 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
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CY2024Q2 us-gaap Goodwill
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CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
115815000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5900000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
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5700000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
17398000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
23015000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
21460000 usd
CY2024Q2 cswi Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
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FiniteLivedIntangibleAssetsNet
246666000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3037000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
2719000 usd
CY2024Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
219000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
192000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
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CY2023Q2 us-gaap Lease Cost
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CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
58692000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
44491000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9045000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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OperatingLeaseLiabilityNoncurrent
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CY2024Q1 us-gaap Operating Lease Liability Noncurrent
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CY2024Q2 us-gaap Operating Lease Liability
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CY2024Q1 us-gaap Operating Lease Liability
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CY2024Q2 us-gaap Operating Lease Payments
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CY2023Q2 us-gaap Operating Lease Payments
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CY2024Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2024Q2 cswi Operating Lease Decrease In Right Of Use Assets And Operating Lease Liabilities Due To Lease Remeasurement
OperatingLeaseDecreaseInRightOfUseAssetsAndOperatingLeaseLiabilitiesDueToLeaseRemeasurement
2980000 usd
CY2023Q2 cswi Operating Lease Decrease In Right Of Use Assets And Operating Lease Liabilities Due To Lease Remeasurement
OperatingLeaseDecreaseInRightOfUseAssetsAndOperatingLeaseLiabilitiesDueToLeaseRemeasurement
0 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y11M8D
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y9M25D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.048
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.023
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8634000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
10953000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10629000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9259000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8089000 usd
CY2024Q2 cswi Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
31569000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
79133000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14622000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
64511000 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
38850000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
31056000 usd
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
259000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
445000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
38591000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
30611000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
15432000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
15410000 shares
CY2024Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
102000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
110000 shares
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15534000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15520000 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
62000 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
27000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15596000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15547000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.48
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.97
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.47
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.97
CY2023Q2 us-gaap Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
0 usd
CY2024Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
14283 shares
CY2024Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3300000 usd
CY2023Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
20614 shares
CY2023Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2900000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.19
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3300000 usd
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2900000 usd
CY2024Q2 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
7200000 usd
CY2024Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
7200000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
52800000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
41500000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10500000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.252
CY2024Q2 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
900000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
226177000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
203360000 usd
CY2024Q2 cswi Contract With Customer Liability Including New Contract Revenue Recognized
ContractWithCustomerLiabilityIncludingNewContractRevenueRecognized
245000 usd
CY2024Q2 cswi Contract With Customer Liability Increase For New Contracts And Revenue Added To Existing Contracts
ContractWithCustomerLiabilityIncreaseForNewContractsAndRevenueAddedToExistingContracts
402000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
705000 usd
CY2024Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
226177000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
55060000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
203360000 usd
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
45206000 usd
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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