2010 Q4 Form 10-Q Financial Statement
#000002632410000013 Filed on November 04, 2010
Income Statement
Concept | 2010 Q4 | 2010 Q3 | 2009 Q3 |
---|---|---|---|
Revenue | $523.4M | $465.8M | $435.8M |
YoY Change | 4.09% | 6.9% | 0.01% |
Cost Of Revenue | $349.7M | $310.1M | $293.4M |
YoY Change | 6.0% | 5.68% | 1.92% |
Gross Profit | $173.7M | $155.7M | $142.3M |
YoY Change | 0.44% | 9.42% | -3.71% |
Gross Profit Margin | 33.18% | 33.43% | 32.66% |
Selling, General & Admin | $104.8M | $94.41M | $92.27M |
YoY Change | 4.59% | 2.32% | 4.15% |
% of Gross Profit | 60.34% | 60.63% | 64.84% |
Research & Development | $13.20M | $13.22M | $13.82M |
YoY Change | -8.97% | -4.38% | 25.67% |
% of Gross Profit | 7.6% | 8.49% | 9.71% |
Depreciation & Amortization | $21.00M | $19.90M | $19.30M |
YoY Change | 9.38% | 3.11% | 3.76% |
% of Gross Profit | 12.09% | 12.78% | 13.56% |
Operating Expenses | $118.1M | $107.6M | $106.1M |
YoY Change | 2.96% | 1.45% | 6.52% |
Operating Profit | $55.57M | $48.09M | $36.22M |
YoY Change | -4.52% | 32.77% | -24.86% |
Interest Expense | -$4.900M | $5.815M | $5.923M |
YoY Change | -14.04% | -1.82% | -189.74% |
% of Operating Profit | -8.82% | 12.09% | 16.35% |
Other Income/Expense, Net | $0.00 | $86.00K | $309.0K |
YoY Change | -100.0% | -72.17% | -22.75% |
Pretax Income | $52.30M | $42.36M | $30.60M |
YoY Change | -1.13% | 38.4% | -27.13% |
Income Tax | $15.70M | $14.57M | $10.49M |
% Of Pretax Income | 30.02% | 34.41% | 34.27% |
Net Earnings | $36.58M | $27.78M | $20.12M |
YoY Change | 5.12% | 38.13% | -26.85% |
Net Earnings / Revenue | 6.99% | 5.96% | 4.62% |
Basic Earnings Per Share | $0.80 | $0.61 | $0.44 |
Diluted Earnings Per Share | $0.79 | $0.60 | $0.44 |
COMMON SHARES | |||
Basic Shares Outstanding | 46.07M shares | 45.90M shares | 45.36M shares |
Diluted Shares Outstanding | 46.28M shares | 45.83M shares |
Balance Sheet
Concept | 2010 Q4 | 2010 Q3 | 2009 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $68.10M | $83.90M | $72.50M |
YoY Change | 4.77% | 15.72% | -6.21% |
Cash & Equivalents | $68.12M | $83.91M | $72.50M |
Short-Term Investments | |||
Other Short-Term Assets | $40.61M | $39.46M | $80.00M |
YoY Change | 20.97% | -50.68% | 30.29% |
Inventory | $281.1M | $301.7M | $308.2M |
Prepaid Expenses | |||
Receivables | $461.6M | $472.7M | $399.5M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $900.0M | $944.9M | $860.3M |
YoY Change | 7.47% | 9.84% | 6.37% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $397.0M | $395.4M | $400.3M |
YoY Change | -1.04% | -1.23% | 13.34% |
Goodwill | $693.6M | $689.5M | |
YoY Change | 6.96% | ||
Intangibles | $240.2M | $245.1M | |
YoY Change | -0.95% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $9.909M | $10.65M | $26.70M |
YoY Change | -5.08% | -60.11% | -64.54% |
Total Long-Term Assets | $1.333B | $1.342B | $1.306B |
YoY Change | 2.19% | 2.76% | 7.15% |
TOTAL ASSETS | |||
Total Short-Term Assets | $900.0M | $944.9M | $860.3M |
Total Long-Term Assets | $1.333B | $1.342B | $1.306B |
Total Assets | $2.233B | $2.287B | $2.166B |
YoY Change | 4.25% | 5.57% | 6.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $133.2M | $111.0M | $109.1M |
YoY Change | 2.54% | 1.75% | -3.79% |
Accrued Expenses | $99.97M | $97.09M | $92.30M |
YoY Change | 10.03% | 5.19% | 0.98% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $77.60M |
YoY Change | -100.0% | 7660.0% | |
Long-Term Debt Due | $2.600M | $2.600M | |
YoY Change | -96.79% | ||
Total Short-Term Liabilities | $427.9M | $401.8M | $490.6M |
YoY Change | -18.38% | -18.1% | 27.23% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $394.0M | $524.1M | $470.6M |
YoY Change | 2.59% | 11.36% | -9.24% |
Other Long-Term Liabilities | $47.44M | $47.02M | $205.9M |
YoY Change | 14.11% | -77.17% | 111.18% |
Total Long-Term Liabilities | $441.5M | $571.1M | $676.5M |
YoY Change | 3.71% | -15.58% | 9.82% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $427.9M | $401.8M | $490.6M |
Total Long-Term Liabilities | $441.5M | $571.1M | $676.5M |
Total Liabilities | $1.082B | $1.159B | $1.195B |
YoY Change | -2.99% | -3.0% | 12.88% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $1.052B | $1.040B | |
YoY Change | 9.02% | ||
Common Stock | $178.7M | $48.56M | |
YoY Change | 270.54% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $88.19M | $90.22M | |
YoY Change | -6.33% | ||
Treasury Stock Shares | 2.424M shares | ||
Shareholders Equity | $1.160B | $1.127B | $970.9M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.242B | $2.287B | $2.166B |
YoY Change | 4.67% | 5.57% | 6.84% |
Cashflow Statement
Concept | 2010 Q4 | 2010 Q3 | 2009 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $36.58M | $27.78M | $20.12M |
YoY Change | 5.12% | 38.13% | -26.85% |
Depreciation, Depletion And Amortization | $21.00M | $19.90M | $19.30M |
YoY Change | 9.38% | 3.11% | 3.76% |
Cash From Operating Activities | $133.8M | $35.10M | $46.70M |
YoY Change | 15.74% | -24.84% | 199.36% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$14.10M | -$16.40M | -$23.50M |
YoY Change | -6.0% | -30.21% | -1.67% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $600.0K | -$700.0K |
YoY Change | -100.0% | -185.71% | -89.55% |
Cash From Investing Activities | -$14.00M | -$15.80M | -$24.30M |
YoY Change | -56.25% | -34.98% | -20.59% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -135.9M | -9.600M | -11.50M |
YoY Change | 50.67% | -16.52% | -189.84% |
NET CHANGE | |||
Cash From Operating Activities | 133.8M | 35.10M | 46.70M |
Cash From Investing Activities | -14.00M | -15.80M | -24.30M |
Cash From Financing Activities | -135.9M | -9.600M | -11.50M |
Net Change In Cash | -16.10M | 9.700M | 10.90M |
YoY Change | 143.94% | -11.01% | -595.45% |
FREE CASH FLOW | |||
Cash From Operating Activities | $133.8M | $35.10M | $46.70M |
Capital Expenditures | -$14.10M | -$16.40M | -$23.50M |
Free Cash Flow | $147.9M | $51.50M | $70.20M |
YoY Change | 13.25% | -26.64% | 77.72% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2010 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2010-09-30 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Curtiss Wright Corporation | ||
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Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
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Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | ||
dei |
Document Fiscal Period Focus
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Q3 | ||
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Entity Current Reporting Status
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Yes | ||
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Entity Central Index Key
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Entity Common Stock Shares Outstanding
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Research And Development Expense
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40894000 | USD | |
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Selling Expense
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General And Administrative Expense
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Operating Income Loss
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Other Nonoperating Income Expense
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Interest Expense
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Income Tax Expense Benefit
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Net Income Loss
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Earnings Per Share Basic
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1.53 | ||
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Earnings Per Share Diluted
EarningsPerShareDiluted
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1.51 | ||
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Weighted Average Number Of Shares Outstanding Basic
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Research And Development Expense
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Earnings Per Share Basic
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Earnings Per Share Diluted
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Weighted Average Number Of Shares Outstanding Basic
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Weighted Average Number Of Diluted Shares Outstanding
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Common Stock Dividends Per Share Declared
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0.24 | ||
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Gross Profit
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Cost Of Revenue
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Research And Development Expense
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Property Plant And Equipment Net
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Goodwill
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Assets
Assets
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Liabilities
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Additional Paid In Capital
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Retained Earnings Accumulated Deficit
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|
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Accumulated Other Comprehensive Income Loss Net Of Tax
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|
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Treasury Stock Value
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Treasury Stock Value
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Stockholders Equity
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Inventory Net
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Inventory Net
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Debt Current
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|
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ReceivablesNetCurrent
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Receivables Net Current
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Other Assets Current
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|
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CY2009Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
33567000 | USD |
CY2010Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
10651000 | USD |
CY2009Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
10439000 | USD |
CY2010Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
97088000 | USD |
CY2009Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
90855000 | USD |
CY2010Q3 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
142782000 | USD |
CY2009Q4 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
167683000 | USD |
CY2010Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
524071000 | USD |
CY2009Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
384112000 | USD |
CY2010Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
47015000 | USD |
CY2009Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
41570000 | USD |
CY2009Q4 | us-gaap |
Assets Current
AssetsCurrent
|
837501000 | USD |
CY2010Q3 | us-gaap |
Assets Current
AssetsCurrent
|
944928000 | USD |
CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
65010000 | USD |
CY2010Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1127446000 | USD |
CY2010Q3 | cw |
Stockholders Equity Subtotal
StockholdersEquitySubtotal
|
1217668000 | USD |
CY2009Q4 | cw |
Stockholders Equity Subtotal
StockholdersEquitySubtotal
|
1120906000 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
58873000 | USD | |
us-gaap |
Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
|
USD | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
7920000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
75263000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
9096000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-12263000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-24901000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-4431000 | USD | |
us-gaap |
Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
|
19024000 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
1511000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
9731000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-974000 | USD | |
us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
49766000 | USD | |
us-gaap |
Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
|
1153000 | USD | |
CY2010Q3 | us-gaap |
Business Acquisition Purchase Price Allocation Liabilities Assumed
BusinessAcquisitionPurchasePriceAllocationLiabilitiesAssumed
|
-8033000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9334000 | USD | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-16563000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
8412000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-49087000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
23625000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-16409000 | USD | |
us-gaap |
Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
|
16245000 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
321000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
10450000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
34929000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
5004000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
11794000 | USD | |
us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
56749000 | USD | |
us-gaap |
Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
|
80000 | USD | |
CY2009Q3 | us-gaap |
Business Acquisition Purchase Price Allocation Liabilities Assumed
BusinessAcquisitionPurchasePriceAllocationLiabilitiesAssumed
|
-4125000 | USD |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
42200000 | USD | |
us-gaap |
Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
|
1937000 | USD | |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
50764000 | USD | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
57276000 | USD | |
CY2009Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
72499000 | USD |
CY2008Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
60705000 | USD |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
37692000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
81039000 | USD | |
us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-32325000 | USD | |
us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
20665000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
38802000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
61026000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
3194000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
808000 | USD | |
us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
6847000 | USD | |
us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
-12750000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-2124000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-15307000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
222000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
264000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-81769000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-109178000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
18903000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1084000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
166000 | USD | |
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
-3000 | USD | |
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
-686000 | USD | |
cw |
Proceeds From Short Term And Long Term Borrowings
ProceedsFromShortTermAndLongTermBorrowings
|
-386600000 | USD | |
cw |
Proceeds From Short Term And Long Term Borrowings
ProceedsFromShortTermAndLongTermBorrowings
|
-585210000 | USD | |
us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
744000 | USD | |
us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
2933000 | USD | |
cw |
Repayments Of Short Term And Long Term Borrowings
RepaymentsOfShortTermAndLongTermBorrowings
|
-325247000 | USD | |
cw |
Repayments Of Short Term And Long Term Borrowings
RepaymentsOfShortTermAndLongTermBorrowings
|
-553734000 | USD | |
cw |
Net Loss On Sale And Disposals Of Long Lived Assets
NetLossOnSaleAndDisposalsOfLongLivedAssets
|
-979000 | USD | |
cw |
Net Loss On Sale And Disposals Of Long Lived Assets
NetLossOnSaleAndDisposalsOfLongLivedAssets
|
-882000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
-7352000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
-7261000 | USD |