2018 Form 10-K Financial Statement

#000002891718000159 Filed on March 30, 2018

View on sec.gov

Income Statement

Concept 2018 2017 Q1 2017
Revenue $6.423B $1.936B $6.418B
YoY Change 0.07% -6.66% -4.98%
Cost Of Revenue $4.200B $1.356B $4.166B
YoY Change 0.8% -6.97% -4.24%
Gross Profit $2.062B $580.1M $2.091B
YoY Change -1.39% -5.92% -6.86%
Gross Profit Margin 32.1% 29.97% 32.58%
Selling, General & Admin $1.685B $460.0M $1.647B
YoY Change 2.32% 0.26% -1.39%
% of Gross Profit 81.72% 79.3% 78.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $233.7M $62.40M $245.9M
YoY Change -4.96% -1.42% -2.48%
% of Gross Profit 11.33% 10.76% 11.76%
Operating Expenses $1.685B $521.8M $1.647B
YoY Change 2.32% 0.04% -1.39%
Operating Profit $376.8M $58.27M $444.0M
YoY Change -15.12% -38.64% -22.78%
Interest Expense $62.58M -$15.70M $63.06M
YoY Change -0.76% -2.48% 3.51%
% of Operating Profit 16.61% -26.94% 14.2%
Other Income/Expense, Net
YoY Change
Pretax Income $212.7M $84.40M $257.7M
YoY Change -17.46% -32.91% -36.97%
Income Tax -$7.800M $27.50M $88.50M
% Of Pretax Income -3.67% 32.58% 34.35%
Net Earnings $221.3M $56.91M $169.2M
YoY Change 30.79% -32.34% -37.18%
Net Earnings / Revenue 3.45% 2.94% 2.64%
Basic Earnings Per Share $7.51 $4.93
Diluted Earnings Per Share $7.51 $1.72 $4.93
COMMON SHARES
Basic Shares Outstanding 29.49M shares 34.31M shares
Diluted Shares Outstanding 29.49M shares 34.31M shares

Balance Sheet

Concept 2018 2017 Q1 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $187.0M $347.0M $347.0M
YoY Change -46.11% 71.02% 71.02%
Cash & Equivalents $187.0M $347.0M $347.0M
Short-Term Investments
Other Short-Term Assets $50.40M $36.30M $36.30M
YoY Change 38.84% -18.18% -18.24%
Inventory $1.464B $1.406B $1.406B
Prepaid Expenses
Receivables $38.40M $48.20M $48.20M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.739B $1.838B $1.838B
YoY Change -5.36% 10.13% 10.13%
LONG-TERM ASSETS
Property, Plant & Equipment $1.696B $1.790B $1.790B
YoY Change -5.25% -7.71% -7.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $247.0M $259.9M $259.9M
YoY Change -4.96% 1.87% 10.5%
Total Long-Term Assets $1.943B $2.061B $2.050B
YoY Change -5.21% -6.13% -6.6%
TOTAL ASSETS
Total Short-Term Assets $1.739B $1.838B $1.838B
Total Long-Term Assets $1.943B $2.061B $2.050B
Total Assets $3.683B $3.898B $3.888B
YoY Change -5.28% 0.89% 0.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $657.6M $635.8M $635.8M
YoY Change 3.43% 28.63% 28.63%
Accrued Expenses $187.7M $203.5M $203.5M
YoY Change -7.76% 3.3% 3.3%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $162.0M $87.20M $90.50M
YoY Change 79.01% 2642.42%
Total Short-Term Liabilities $1.049B $976.5M $976.5M
YoY Change 7.44% 29.99% 29.99%
LONG-TERM LIABILITIES
Long-Term Debt $568.3M $526.1M $730.1M
YoY Change -22.16% -14.18% -11.0%
Other Long-Term Liabilities $240.2M $238.4M $238.4M
YoY Change 0.76% -0.23% -0.25%
Total Long-Term Liabilities $808.5M $764.5M $968.5M
YoY Change -16.52% -10.27% -8.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.049B $976.5M $976.5M
Total Long-Term Liabilities $808.5M $764.5M $968.5M
Total Liabilities $1.975B $1.741B $2.171B
YoY Change -9.04% 8.59% 4.94%
SHAREHOLDERS EQUITY
Retained Earnings $4.154B
YoY Change 4.0%
Common Stock $944.7M
YoY Change 0.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.370B
YoY Change 7.88%
Treasury Stock Shares 91.67M shares
Shareholders Equity $1.708B $1.717B $1.717B
YoY Change
Total Liabilities & Shareholders Equity $3.683B $3.888B $3.888B
YoY Change -5.28% 0.63% 0.63%

Cashflow Statement

Concept 2018 2017 Q1 2017
OPERATING ACTIVITIES
Net Income $221.3M $56.91M $169.2M
YoY Change 30.79% -32.34% -37.18%
Depreciation, Depletion And Amortization $233.7M $62.40M $245.9M
YoY Change -4.96% -1.42% -2.48%
Cash From Operating Activities $274.3M $386.3M $512.2M
YoY Change -46.45% 5.29% 13.77%
INVESTING ACTIVITIES
Capital Expenditures $130.5M -$31.40M $104.8M
YoY Change 24.46% 31.38% -36.77%
Acquisitions
YoY Change
Other Investing Activities $20.30M $9.000M -$10.00M
YoY Change -303.0% 50.0% -130.49%
Cash From Investing Activities -$110.2M -$22.60M -$114.9M
YoY Change -4.08% 27.68% -13.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $223.0M $240.2M
YoY Change -7.14% -51.97%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$324.0M -97.20M -253.2M
YoY Change 27.98% -60.55% -51.14%
NET CHANGE
Cash From Operating Activities $274.3M 386.3M 512.2M
Cash From Investing Activities -$110.2M -22.60M -114.9M
Cash From Financing Activities -$324.0M -97.20M -253.2M
Net Change In Cash -$160.0M 266.5M 144.1M
YoY Change -211.0% 159.24% -171.73%
FREE CASH FLOW
Cash From Operating Activities $274.3M $386.3M $512.2M
Capital Expenditures $130.5M -$31.40M $104.8M
Free Cash Flow $143.8M $417.7M $407.4M
YoY Change -64.7% 6.88% 43.23%

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CommitmentsAndContingencies
USD
CY2018Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2016 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.26
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
283281000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
175201000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
217017000 USD
CY2016 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1.00
CY2017 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1.00
CY2018 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1.00
CY2017 us-gaap Cooperative Advertising Amount
CooperativeAdvertisingAmount
27500000 USD
CY2018 us-gaap Cooperative Advertising Amount
CooperativeAdvertisingAmount
19900000 USD
CY2016 us-gaap Cost Of Revenue
CostOfRevenue
4350805000 USD
CY2017 us-gaap Cost Of Revenue
CostOfRevenue
4166411000 USD
CY2018 us-gaap Cost Of Revenue
CostOfRevenue
4199718000 USD
CY2017Q1 us-gaap Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
6500000 USD
CY2017 us-gaap Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
6500000 USD
CY2018Q2 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
69100000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
173786000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
120872000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
91799000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
176745000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
124203000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
94265000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2959000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3331000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2466000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-33708000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-34797000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-100954000 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-35975000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-35703000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-102065000 USD
CY2017Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
327598000 USD
CY2018Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
201286000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2267000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-906000 USD
CY2018Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
23702000 USD
CY2017Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-18001000 USD
CY2018Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-23702000 USD
CY2017Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
0 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1111000 USD
CY2017Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
163792000 USD
CY2018Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
141337000 USD
CY2017Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
6104000 USD
CY2018Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
104600000 USD
CY2017Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
108018000 USD
CY2018Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
85165000 USD
CY2017Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
74593000 USD
CY2018Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
72500000 USD
CY2018Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
72452000 USD
CY2017Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1165000 USD
CY2018Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1525000 USD
CY2017Q1 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
968000 USD
CY2018Q1 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
419000 USD
CY2017Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
87066000 USD
CY2018Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
66941000 USD
CY2017Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
219580000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
116121000 USD
CY2017Q1 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
40489000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
22436000 USD
CY2017Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
225684000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
116831000 USD
CY2017Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
7114000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
3436000 USD
CY2017Q1 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
54343000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
41124000 USD
CY2017Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
213658000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
126401000 USD
CY2017Q1 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
182071000 USD
CY2018Q1 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
193824000 USD
CY2017Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
18001000 USD
CY2018Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
0 USD
CY2017 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
8463000 USD
CY2018 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-5701000 USD
CY2016 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-3697000 USD
CY2017 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1204000 USD
CY2018 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
0 USD
CY2016 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
0 USD
CY2017 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
0 USD
CY2018 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
0 USD
CY2017Q1 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
-183617000 USD
CY2018Q1 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
-194733000 USD
CY2016 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
22485000 USD
CY2017 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
9668000 USD
CY2018 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax
-5701000 USD
CY2016Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.042
CY2017Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.040
CY2018Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.037
CY2016Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.030
CY2017Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.030
CY2018Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease
0.020
CY2016 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.035
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.042
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.040
CY2016Q1 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
184810000 USD
CY2017Q1 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
183617000 USD
CY2018Q1 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
194733000 USD
CY2017 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
4342000 USD
CY2018 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
5308000 USD
CY2017 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
4342000 USD
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
5308000 USD
CY2018Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
66142000 USD
CY2018Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
5091000 USD
CY2018Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
10826000 USD
CY2018Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
9448000 USD
CY2018Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
9223000 USD
CY2018Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
5916000 USD
CY2016Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
0 USD
CY2017Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
0 USD
CY2018Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
0 USD
CY2017Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-183617000 USD
CY2018Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-194733000 USD
CY2016 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
6736000 USD
CY2017 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
7678000 USD
CY2018 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
7229000 USD
CY2016 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
14365000 USD
CY2017 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
12816000 USD
CY2018 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
10723000 USD
CY2016 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
CY2017 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
CY2018 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
CY2016 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3932000 USD
CY2017 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3934000 USD
CY2018 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3494000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
18000000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
250011000 USD
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
243657000 USD
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
231595000 USD
CY2016 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
10050000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9587000 USD
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9949000 USD
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.91
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.93
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.51
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.91
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
90202000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
72000000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
59000 USD
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.17
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.72
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.93
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.12
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.58
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.55
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.51
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3372
CY2017Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1065291000 USD
CY2018Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1041758000 USD
CY2016 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
12626000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
905000 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
4860000 USD
CY2016 us-gaap Gross Profit
GrossProfit
2244821000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
564663000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
459086000 USD
CY2016Q4 us-gaap Gross Profit
GrossProfit
486744000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
580067000 USD
CY2017 us-gaap Gross Profit
GrossProfit
2090560000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
548026000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
420156000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
464844000 USD
us-gaap Gross Profit
GrossProfit
628749000 USD
CY2018 us-gaap Gross Profit
GrossProfit
2061775000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
408784000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
257675000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
212689000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
140770000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
88500000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7800000 USD
CY2016 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
763000 USD
CY2017 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
785000 USD
CY2018 us-gaap Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
IncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
810000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-1473000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1857000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
222000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
3200000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
143549000 USD
CY2016 us-gaap Interest Paid
InterestPaid
62900000 USD
CY2017 us-gaap Interest Paid
InterestPaid
62400000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
355000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2488000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
954000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-22000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2018000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2434000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
4440000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
183600000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
129400000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
93900000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-33702000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
156342000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-19615000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-9372000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1092000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8580000 USD
CY2016 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-2911000 USD
CY2017 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-8981000 USD
CY2018 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
2391000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2939000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-5844000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2196000 USD
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-7346000 USD
CY2017 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2018 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2016 us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
24000 USD
CY2017 us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
33436000 USD
CY2018 us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
57158000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;">&#8212;The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include inventories, sales return, self-insured accruals, future cash flows for impairment analysis, pension discount rate and taxes. Actual results could differ from those estimates.</font></div></div>

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