$CTS
CTS CORP

2021 Q2 Form 10-Q Financial Statement

#000156459021038276 Filed on July 27, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2019 Q4
Revenue $129.6M $84.20M $115.0M
YoY Change 53.91% -30.23% -4.19%
Cost Of Revenue $81.89M $57.63M $76.30M
YoY Change 42.09% -27.49% -1.42%
Gross Profit $47.70M $26.57M $38.70M
YoY Change 79.53% -35.52% -9.25%
Gross Profit Margin 36.81% 31.55% 33.64%
Selling, General & Admin $20.94M $14.67M $18.10M
YoY Change 42.74% -13.9% -0.55%
% of Gross Profit 43.9% 55.21% 46.77%
Research & Development $6.029M $5.522M $6.100M
YoY Change 9.18% -11.75% 5.17%
% of Gross Profit 12.64% 20.79% 15.76%
Depreciation & Amortization $6.712M $6.600M $6.600M
YoY Change 1.7% 10.0% 6.45%
% of Gross Profit 14.07% 24.84% 17.05%
Operating Expenses $26.97M $20.19M $24.10M
YoY Change 33.56% -13.32% 0.0%
Operating Profit $20.58M $6.242M $12.39M
YoY Change 229.69% -63.46% -27.18%
Interest Expense $508.0K $909.0K -$600.0K
YoY Change -44.11% 94.65% -700.0%
% of Operating Profit 2.47% 14.56% -4.84%
Other Income/Expense, Net -$21.18M -$349.0K $1.000M
YoY Change 5968.77% -69.22% -1100.0%
Pretax Income -$601.0K $5.893M $12.80M
YoY Change -110.2% -63.05% -24.26%
Income Tax -$1.476M $1.036M $2.800M
% Of Pretax Income 17.58% 21.88%
Net Earnings $875.0K $4.857M $10.06M
YoY Change -81.98% -59.33% -42.71%
Net Earnings / Revenue 0.68% 5.77% 8.75%
Basic Earnings Per Share $0.03 $0.15 $0.31
Diluted Earnings Per Share $0.03 $0.15 $0.31
COMMON SHARES
Basic Shares Outstanding 32.40M 32.26M 32.60M shares
Diluted Shares Outstanding 32.63M 32.50M

Balance Sheet

Concept 2021 Q2 2020 Q2 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $117.4M $146.0M $100.3M
YoY Change -19.59% 38.0% -1.18%
Cash & Equivalents $117.4M $146.0M $100.2M
Short-Term Investments $100.0K
Other Short-Term Assets $16.18M $14.75M $16.99M
YoY Change 9.69% -12.26% 10.18%
Inventory $48.97M $44.27M $42.24M
Prepaid Expenses
Receivables $80.80M $59.80M $78.01M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $263.3M $264.8M $237.5M
YoY Change -0.55% 5.74% -0.79%
LONG-TERM ASSETS
Property, Plant & Equipment $93.02M $99.35M $105.0M
YoY Change -6.37% -0.53% 5.67%
Goodwill $109.9M $106.1M $106.1M
YoY Change 3.62% 49.25% 49.25%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.453M $2.816M $3.046M
YoY Change -12.89% 1.7% 49.09%
Total Long-Term Assets $384.0M $398.6M $276.2M
YoY Change -3.67% 20.68% 31.78%
TOTAL ASSETS
Total Short-Term Assets $263.3M $264.8M $237.5M
Total Long-Term Assets $384.0M $398.6M $276.2M
Total Assets $647.3M $663.4M $643.4M
YoY Change -2.43% 14.24% 17.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $47.75M $32.82M $48.22M
YoY Change 45.5% -35.57% -7.23%
Accrued Expenses $36.77M $33.18M $36.38M
YoY Change 10.82% -0.66% -2.59%
Deferred Revenue $2.877M
YoY Change 45.23%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $102.3M $77.77M $96.95M
YoY Change 31.55% -19.25% -6.77%
LONG-TERM LIABILITIES
Long-Term Debt $50.00M $141.3M $99.70M
YoY Change -64.61% 182.6% 99.4%
Other Long-Term Liabilities $3.602M $6.146M $4.292M
YoY Change -41.39% 55.48% -27.49%
Total Long-Term Liabilities $3.602M $6.146M $4.292M
YoY Change -41.39% 55.48% -27.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $102.3M $77.77M $96.95M
Total Long-Term Liabilities $3.602M $6.146M $4.292M
Total Liabilities $193.0M $262.5M $238.1M
YoY Change -26.48% 41.77% 39.74%
SHAREHOLDERS EQUITY
Retained Earnings $549.6M $515.8M $509.8M
YoY Change 6.54% 3.25% 6.46%
Common Stock $354.3M $350.7M $351.6M
YoY Change 1.03% 0.33% 0.6%
Preferred Stock
YoY Change
Treasury Stock (at cost) $372.5M $372.5M $364.4M
YoY Change 0.0% 4.14% 3.33%
Treasury Stock Shares $24.80M 24.80M shares $24.46M
Shareholders Equity $454.3M $400.9M $405.2M
YoY Change
Total Liabilities & Shareholders Equity $647.3M $663.4M $643.4M
YoY Change -2.43% 14.24% 17.33%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2019 Q4
OPERATING ACTIVITIES
Net Income $875.0K $4.857M $10.06M
YoY Change -81.98% -59.33% -42.71%
Depreciation, Depletion And Amortization $6.712M $6.600M $6.600M
YoY Change 1.7% 10.0% 6.45%
Cash From Operating Activities $18.68M $11.80M $23.70M
YoY Change 58.35% -19.18% 51.92%
INVESTING ACTIVITIES
Capital Expenditures -$2.370M -$2.600M -$6.400M
YoY Change -8.85% -36.59% -16.88%
Acquisitions $73.91M
YoY Change
Other Investing Activities -$255.0K $0.00 -$300.0K
YoY Change
Cash From Investing Activities -$2.625M -$2.600M -$6.700M
YoY Change 0.96% -35.0% -12.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.715M -14.00M -18.00M
YoY Change -87.75% 154.55% 66.67%
NET CHANGE
Cash From Operating Activities 18.68M 11.80M 23.70M
Cash From Investing Activities -2.625M -2.600M -6.700M
Cash From Financing Activities -1.715M -14.00M -18.00M
Net Change In Cash 14.34M -4.800M -1.000M
YoY Change -398.85% -194.12% -65.52%
FREE CASH FLOW
Cash From Operating Activities $18.68M $11.80M $23.70M
Capital Expenditures -$2.370M -$2.600M -$6.400M
Free Cash Flow $21.05M $14.40M $30.10M
YoY Change 46.22% -22.99% 29.18%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.08
us-gaap Net Income Loss
NetIncomeLoss
12865000
us-gaap Net Income Loss
NetIncomeLoss
8665000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
392000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-3770000
CY2020Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1209000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-18446000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2494000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
13000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-153000
CY2021Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2020Q4 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
CY2021Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2020Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
259000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
284000
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32504000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32617000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32648000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.08
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1726000
us-gaap Investment Income Interest
InvestmentIncomeInterest
635000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-24285000
CY2020Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-349000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-24889000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2851000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-601000
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5893000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14188000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11883000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1476000
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1036000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1323000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3218000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
875000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
4857000
us-gaap Net Income Loss
NetIncomeLoss
12865000
us-gaap Net Income Loss
NetIncomeLoss
8665000
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32397000
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32262000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32358000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32364000
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
229000
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
242000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32626000
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
875000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
4857000
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
268000
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
644000
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-17024000
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1000
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-14000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
17293000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1839000
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6696000
us-gaap Gain Loss On Foreign Currency Cash Flow Hedge Ineffectiveness
GainLossOnForeignCurrencyCashFlowHedgeIneffectiveness
26000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-316000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2994000
cts Increase Decrease In Operating Rightof Use Asset
IncreaseDecreaseInOperatingRightofUseAsset
-131000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-190000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
38785000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
3970000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4225000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
430300000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
425700000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8080000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2585000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2598000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
350000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1480000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1903000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9015000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29019000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
79000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
242000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
25624000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
45740000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
91773000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100241000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117397000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
145981000
us-gaap Interest Paid
InterestPaid
716000
us-gaap Interest Paid
InterestPaid
1442000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7516000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4114000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1158000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
423682000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
11990000
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
124000
CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1422000
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
12000
CY2021Q1 us-gaap Dividends
Dividends
1294000
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1400000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1180000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
435716000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
875000
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
268000
CY2021Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-17024000
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1000
CY2021Q2 us-gaap Dividends
Dividends
1299000
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-80000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1804000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
18851000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1429000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18168000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
31716000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7236000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
117397000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
91773000
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
80795000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
80981000
CY2021Q2 us-gaap Inventory Net
InventoryNet
48972000
CY2020Q4 us-gaap Inventory Net
InventoryNet
45870000
CY2021Q2 us-gaap Other Assets Current
OtherAssetsCurrent
16180000
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
14607000
CY2021Q2 us-gaap Assets Current
AssetsCurrent
263344000
CY2020Q4 us-gaap Assets Current
AssetsCurrent
233231000
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
93017000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
97437000
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23150000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
23281000
CY2021Q2 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
56903000
CY2020Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
56642000
CY2021Q2 us-gaap Goodwill
Goodwill
109898000
CY2020Q4 us-gaap Goodwill
Goodwill
109497000
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
74584000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
79121000
CY2021Q2 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
23949000
CY2020Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
24250000
CY2021Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2453000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2590000
CY2021Q2 cts Other Assets Noncurrent Excluding Property Plant And Equipment Net And Operating Lease Assets Net
OtherAssetsNoncurrentExcludingPropertyPlantAndEquipmentNetAndOperatingLeaseAssetsNet
267787000
CY2020Q4 cts Other Assets Noncurrent Excluding Property Plant And Equipment Net And Operating Lease Assets Net
OtherAssetsNoncurrentExcludingPropertyPlantAndEquipmentNetAndOperatingLeaseAssetsNet
272100000
CY2021Q2 us-gaap Assets
Assets
647298000
CY2020Q4 us-gaap Assets
Assets
626049000
CY2021Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
47753000
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
50489000
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3360000
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3294000
CY2021Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14433000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
12978000
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
36765000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
38171000
CY2021Q2 us-gaap Liabilities Current
LiabilitiesCurrent
102311000
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
104932000
CY2021Q2 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
50000000
CY2020Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
54600000
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
22953000
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23163000
CY2021Q2 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
7199000
CY2020Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
7466000
CY2021Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
6924000
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
7010000
CY2021Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3602000
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5196000
CY2021Q2 us-gaap Liabilities
Liabilities
192989000
CY2020Q4 us-gaap Liabilities
Liabilities
202367000
CY2021Q2 us-gaap Common Stock Value
CommonStockValue
314341000
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
311190000
CY2021Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
40007000
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
41654000
CY2021Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
549553000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
539281000
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-77070000
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-95921000
CY2021Q2 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
826831000
CY2020Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
796204000
CY2021Q2 us-gaap Treasury Stock Value
TreasuryStockValue
372522000
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
372522000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
454309000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
423682000
CY2021Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
647298000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
626049000
us-gaap Net Income Loss
NetIncomeLoss
12865000
us-gaap Net Income Loss
NetIncomeLoss
8665000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13512000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13143000
cts Pensionand Other Postretirement Expense Income
PensionandOtherPostretirementExpenseIncome
23823000
cts Pensionand Other Postretirement Expense Income
PensionandOtherPostretirementExpenseIncome
1348000
us-gaap Restricted Stock Expense
RestrictedStockExpense
3122000
us-gaap Restricted Stock Expense
RestrictedStockExpense
1045000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1016000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4875000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-466000
us-gaap Gain Loss On Foreign Currency Cash Flow Hedge Ineffectiveness
GainLossOnForeignCurrencyCashFlowHedgeIneffectiveness
133000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-17850000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2328000
cts Increase Decrease In Operating Rightof Use Asset
IncreaseDecreaseInOperatingRightofUseAsset
-275000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1460000
cts Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-143000
cts Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-189000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3028000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-5026000
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-130000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
23724000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
7245000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
255000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7245000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
2207450000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
2249050000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1288000
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
405219000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
3808000
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-4414000
CY2020Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1285000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
454309000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
400892000
CY2020Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-139000
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2020Q1 us-gaap Dividends
Dividends
1298000
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
220731
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5304000
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1903000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
212000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
397466000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
4857000
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
644000
CY2020Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1209000
CY2020Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-14000
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.04
CY2020Q2 us-gaap Dividends
Dividends
1292000
CY2020Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
122000
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2776000
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
798000
CY2021Q2 us-gaap Revenues
Revenues
129585000
CY2020Q2 us-gaap Revenues
Revenues
84197000
us-gaap Revenues
Revenues
258012000
us-gaap Revenues
Revenues
187272000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
206761000
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
93017000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
97437000
us-gaap Depreciation
Depreciation
8795000
us-gaap Depreciation
Depreciation
8580000
CY2021Q2 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
101125000
CY2020 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
3639000
us-gaap Accrual For Environmental Loss Contingencies Foreign Currency Translation Gain Loss
AccrualForEnvironmentalLossContingenciesForeignCurrencyTranslationGainLoss
8000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
886000
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
5340000
CY2021Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
81681000
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
81745000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
764000
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
80795000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
80981000
CY2021Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
146530000
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
11527000
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
10647000
CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
16434000
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
16927000
CY2021Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
29070000
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
24893000
CY2021Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
8059000
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
6597000
CY2021Q2 us-gaap Inventory Net
InventoryNet
48972000
CY2020Q4 us-gaap Inventory Net
InventoryNet
45870000
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
214958000
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
71946000
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
74584000
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2348000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4717000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
146856000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
67735000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
79121000
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2268000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4563000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4696000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9176000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7170000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7008000
CY2021Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6787000
CY2021Q2 cts Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
39747000
CY2021Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
74584000
CY2020Q4 us-gaap Goodwill
Goodwill
109497000
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-29000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
430000
CY2021Q2 us-gaap Goodwill
Goodwill
109898000
CY2021Q2 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
151000
CY2020Q2 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
135000
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
232000
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
375000
us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
421000
CY2020 us-gaap Accrual For Environmental Loss Contingencies Charges To Expense For New Losses
AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses
2769000
us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
806000
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
1363000
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
232000
us-gaap Payments For Restructuring
PaymentsForRestructuring
1242000
us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-152000
CY2021Q2 us-gaap Restructuring Reserve
RestructuringReserve
201000
CY2021Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4484000
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4470000
CY2021Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
6027000
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
7320000
CY2021Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
1525000
CY2020Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
2478000
CY2021Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1281000
CY2020Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1663000
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5242000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3815000
CY2021Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
1297000
CY2020Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
1291000
CY2021Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
10265000
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
10642000
CY2021Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
680000
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
671000
CY2021Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5964000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
5821000
CY2021Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
36765000
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
38171000
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
10642000
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
11444000
CY2021Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000
CY2021Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2021Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
57235379
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
57076410
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32435756
CY2020 us-gaap Accrual For Environmental Loss Contingencies Foreign Currency Translation Gain Loss
AccrualForEnvironmentalLossContingenciesForeignCurrencyTranslationGainLoss
68000
CY2021Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
10265000
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
10642000
CY2021Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
300000000
CY2020Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
300000000
CY2021Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1740000
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1740000
CY2021Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
248260000
CY2020Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
243660000
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
42000
CY2020Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
42000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
84000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
84000
CY2021Q2 us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
0
us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
DerivativeNetHedgeIneffectivenessGainLoss
0
us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
811000
us-gaap Unrealized Gain Loss On Foreign Currency Derivatives Net Before Tax
UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax
-1247000
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
142000
CY2020Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-552000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
187000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-271000
CY2021Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
928000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-401000
CY2020Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
892000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-379000
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32276787
CY2021Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
24799623
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
24799623
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
342731
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8080000
CY2020Q2 cts Common Stock Capital Shares Availablefor Future Purchases Value
CommonStockCapitalSharesAvailableforFuturePurchasesValue
50000000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
61780
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32276787
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32472406
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
342731
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
158969
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
137632
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32435756
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32267307
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
93
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
84720
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
46810
CY2021Q2 cts Number Of Equity Based Compensation Plan
NumberOfEquityBasedCompensationPlan
5
CY2021Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1465000
CY2020Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
628000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
2404000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
805000
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
2.456
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.176
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.093
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.271
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
2.456
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.176
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.093
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.271

Files In Submission

Name View Source Status
0001564590-21-038276-index-headers.html Edgar Link pending
0001564590-21-038276-index.html Edgar Link pending
0001564590-21-038276.txt Edgar Link pending
0001564590-21-038276-xbrl.zip Edgar Link pending
cts-10q_20210630.htm Edgar Link pending
cts-10q_20210630_htm.xml Edgar Link completed
cts-20210630.xsd Edgar Link pending
cts-20210630_cal.xml Edgar Link unprocessable
cts-20210630_def.xml Edgar Link unprocessable
cts-20210630_lab.xml Edgar Link unprocessable
cts-20210630_pre.xml Edgar Link unprocessable
cts-ex31a_8.htm Edgar Link pending
cts-ex31b_9.htm Edgar Link pending
cts-ex32a_7.htm Edgar Link pending
cts-ex32b_6.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending