2022 Q3 Form 10-Q Financial Statement

#000093114822000111 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $303.8M $363.6M $366.2M
YoY Change -12.53% 9.95% 20.32%
Cost Of Revenue $170.2M $201.5M $191.2M
YoY Change -0.07% -0.18% 30.61%
Gross Profit $133.7M $162.2M $175.0M
YoY Change -24.51% 25.81% 10.78%
Gross Profit Margin 43.99% 44.59% 47.79%
Selling, General & Admin $18.58M $18.03M $21.25M
YoY Change -2.25% -76.21% 5.46%
% of Gross Profit 13.9% 11.12% 12.14%
Research & Development $1.014M $723.0K $880.0K
YoY Change 3.15% -28.98% -9.18%
% of Gross Profit 0.76% 0.45% 0.5%
Depreciation & Amortization $13.26M $14.01M $14.43M
YoY Change -14.9% -14.2% -12.52%
% of Gross Profit 9.92% 8.64% 8.25%
Operating Expenses $19.59M $18.75M $22.13M
YoY Change -1.99% -75.58% 4.79%
Operating Profit $114.1M $143.4M $152.9M
YoY Change -27.37% 175.33% 11.7%
Interest Expense $6.424M $9.399M $9.212M
YoY Change -59.97% -41.23% -58.44%
% of Operating Profit 5.63% 6.55% 6.02%
Other Income/Expense, Net $598.0K $563.0K $197.0K
YoY Change 64.29% -257.7% -35.83%
Pretax Income $108.5M $136.4M $144.0M
YoY Change -23.49% 279.68% 25.14%
Income Tax $15.00M $21.40M $19.80M
% Of Pretax Income 13.83% 15.69% 13.75%
Net Earnings $93.45M $115.0M $124.2M
YoY Change -22.05% 308.3% 25.69%
Net Earnings / Revenue 30.76% 31.62% 33.91%
Basic Earnings Per Share $0.36 $0.44 $0.47
Diluted Earnings Per Share $0.36 $0.44 $0.47
COMMON SHARES
Basic Shares Outstanding 256.6M shares 258.8M shares 262.6M shares
Diluted Shares Outstanding 256.9M shares 258.8M shares 262.7M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $109.4M $55.84M $85.05M
YoY Change 26.24% -51.08% -11.77%
Cash & Equivalents $109.4M $55.84M $85.05M
Short-Term Investments
Other Short-Term Assets $74.34M $89.36M $85.74M
YoY Change 18.2% 54.97% 120.41%
Inventory $438.9M $396.7M $318.1M
Prepaid Expenses
Receivables $179.1M $206.9M $214.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $801.7M $748.8M $702.9M
YoY Change 32.62% 23.91% 20.42%
LONG-TERM ASSETS
Property, Plant & Equipment $483.8M $488.8M $495.4M
YoY Change -3.15% -2.58% -0.62%
Goodwill $171.1M $171.1M $171.1M
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $91.72M $85.61M $90.93M
YoY Change 7.83% -2.08% -1.56%
Total Long-Term Assets $765.2M $767.5M $780.9M
YoY Change -2.97% -3.2% -1.7%
TOTAL ASSETS
Total Short-Term Assets $801.7M $748.8M $702.9M
Total Long-Term Assets $765.2M $767.5M $780.9M
Total Assets $1.567B $1.516B $1.484B
YoY Change 12.48% 8.53% 7.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $119.4M $149.7M $123.4M
YoY Change 13.53% 67.8% 49.38%
Accrued Expenses $126.0M $119.7M $139.5M
YoY Change -7.49% -2.04% 19.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $125.0K
YoY Change -100.0% -100.0% -1.57%
Long-Term Debt Due $113.0K $119.0K $125.0K
YoY Change -11.72% -7.75% -1.57%
Total Short-Term Liabilities $250.0M $274.0M $267.5M
YoY Change 1.87% 27.16% 31.42%
LONG-TERM LIABILITIES
Long-Term Debt $921.1M $920.3M $961.3M
YoY Change -18.3% -24.86% -24.48%
Other Long-Term Liabilities $69.11M $71.15M $66.30M
YoY Change -3.41% -2.51% -14.22%
Total Long-Term Liabilities $990.2M $991.5M $1.028B
YoY Change -17.41% -23.61% -23.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $250.0M $274.0M $267.5M
Total Long-Term Liabilities $990.2M $991.5M $1.028B
Total Liabilities $1.240B $1.265B $1.295B
YoY Change -14.14% -16.38% -16.65%
SHAREHOLDERS EQUITY
Retained Earnings -$449.7M -$540.6M -$633.2M
YoY Change -48.27% -43.24% -35.04%
Common Stock $2.566M $2.566M $2.602M
YoY Change -2.66% -4.22% -2.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $271.0M $195.2M $135.4M
YoY Change
Total Liabilities & Shareholders Equity $1.567B $1.516B $1.484B
YoY Change 12.48% 8.53% 7.67%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $93.45M $115.0M $124.2M
YoY Change -22.05% 308.3% 25.69%
Depreciation, Depletion And Amortization $13.26M $14.01M $14.43M
YoY Change -14.9% -14.2% -12.52%
Cash From Operating Activities $68.17M $60.12M $146.3M
YoY Change -49.23% -30.38% 19.51%
INVESTING ACTIVITIES
Capital Expenditures -$15.93M -$12.49M $16.86M
YoY Change 10.85% 5.41% 18.91%
Acquisitions
YoY Change
Other Investing Activities $22.00K $66.00K $73.00K
YoY Change -83.94% 247.37% -63.5%
Cash From Investing Activities -$15.91M -$12.43M -$16.78M
YoY Change 11.76% 5.02% 19.67%
FINANCING ACTIVITIES
Cash Dividend Paid $1.926M $1.985M
YoY Change -5.03% 42.4%
Common Stock Issuance & Retirement, Net $30.00M $30.00M
YoY Change
Debt Paid & Issued, Net $70.00M
YoY Change -53.33%
Cash From Financing Activities 2.629M -75.35M -$103.5M
YoY Change -101.8% 30.33% -33.97%
NET CHANGE
Cash From Operating Activities 68.17M 60.12M $146.3M
Cash From Investing Activities -15.91M -12.43M -$16.78M
Cash From Financing Activities 2.629M -75.35M -$103.5M
Net Change In Cash 54.88M -27.65M $26.02M
YoY Change -309.42% -265.49% -153.8%
FREE CASH FLOW
Cash From Operating Activities $68.17M $60.12M $146.3M
Capital Expenditures -$15.93M -$12.49M $16.86M
Free Cash Flow $84.10M $72.62M $129.5M
YoY Change -43.42% -26.06% 19.59%

Facts In Submission

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OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Net Income Loss
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us-gaap Depreciation And Amortization
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us-gaap Share Based Compensation
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gti Repayments Of Related Party Payable
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments Of Financing Costs
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Stock Options Exercised
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gti Payment Of Dividends Related Party
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us-gaap Payments For Hedge Financing Activities
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us-gaap Payments For Hedge Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Interest Payable Net
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CY2021Q4 us-gaap Stockholders Equity
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CY2022Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022Q1 us-gaap Stock Repurchased And Retired During Period Value
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q1 us-gaap Dividends Common Stock Cash
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CY2022Q1 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Net Income Loss
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CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q2 us-gaap Stock Repurchased And Retired During Period Value
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q2 us-gaap Dividends Common Stock Cash
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CY2022Q2 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2022Q2 us-gaap Goodwill
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q1 us-gaap Dividends Common Stock Cash
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CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q4 us-gaap Goodwill
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CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q2 us-gaap Dividends Common Stock Cash
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CY2022Q2 gti Numberof Major Product Categories
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us-gaap Prior Period Reclassification Adjustment Description
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Certain items previously reported in specific financial statement captions within the Condensed Consolidated Statements of Cash Flows have been reclassified between lines within cash flow from operations and between lines within financing activities to conform to the current presentation. In addition, items previously presented under "Related party Tax Receivable Agreement expense (benefit)" on the Condensed Consolidated Statement of Operations have been collapsed into "Other (income) expense, net" to conform to the current year presentation
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q2 us-gaap Contract With Customer Asset Gross
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CY2021Q4 us-gaap Due To Related Parties Noncurrent
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CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2022Q2 us-gaap Amortization Of Intangible Assets
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CY2021Q2 us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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9200000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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CY2022Q2 us-gaap Long Term Debt
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CY2021Q4 us-gaap Long Term Debt
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CY2022Q2 us-gaap Long Term Debt Current
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q2 gti Debt Instrument Event Of Default Percentage Of Debt Held
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us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
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6715000 usd
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
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CY2021Q2 us-gaap Interest Expense
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InventoryRawMaterialsAndSupplies
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CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
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CY2022Q2 us-gaap Inventory Work In Process
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CY2021Q4 us-gaap Inventory Work In Process
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CY2022Q2 us-gaap Inventory Finished Goods
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CY2021Q4 us-gaap Inventory Finished Goods
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CY2022Q2 us-gaap Inventory Net
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CY2021Q4 us-gaap Inventory Net
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CY2021Q2 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
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0 usd
CY2021Q2 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
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CY2022Q2 us-gaap Interest Expense
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CY2022Q2 us-gaap Interest Expense Debt Excluding Amortization
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CY2021Q2 us-gaap Interest Expense Debt Excluding Amortization
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us-gaap Interest Expense Debt Excluding Amortization
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us-gaap Interest Expense Debt Excluding Amortization
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CY2022Q2 us-gaap Accretion Expense
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CY2021Q2 us-gaap Accretion Expense
AccretionExpense
572000 usd
us-gaap Accretion Expense
AccretionExpense
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us-gaap Accretion Expense
AccretionExpense
1843000 usd
CY2022Q2 us-gaap Amortization Of Financing Costs
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CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2176000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5368000 usd
CY2022Q2 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
2798000 usd
us-gaap Interest Expense
InterestExpense
18611000 usd
us-gaap Interest Expense
InterestExpense
38161000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1088000 usd
us-gaap Product Warranty Expense
ProductWarrantyExpense
406000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
389000 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
1105000 usd
CY2022Q2 gti Related Party Tax Agreement Percent Of Savings
RelatedPartyTaxAgreementPercentOfSavings
0.85
CY2022Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
15500000 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
4500000 usd
CY2022Q2 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
11000000 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
19300000 usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
3800000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21422000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7765000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41219000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24022000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
136419000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
35930000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
280399000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
150986000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.157
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.216
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.147
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.159
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.157
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.216
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7800000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21400000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.147
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.159
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41200000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
100000 usd
CY2022Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.042
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
267765378 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
258845588 shares
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-33930000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-22330000 usd
CY2022Q2 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
23292000 usd
CY2021Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
14886000 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-10638000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-7444000 usd
CY2022Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
3626591 shares
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
6662421 shares
CY2022Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
60000000 usd
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
267807944 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
260734273 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
114997000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
28165000 usd
us-gaap Net Income Loss
NetIncomeLoss
239180000 usd
us-gaap Net Income Loss
NetIncomeLoss
126964000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
258845588 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
267560712 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
260719446 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
267440501 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
247232 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
14827 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
324877 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2022Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
219622 shares
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
206934 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
122455 shares
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
116631 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2385187 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1903300 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1358696 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1250722 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
385688 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
10.08
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.55
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0040
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5828
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0193
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y6M
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
600000 usd
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
15300000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1000000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
16000000 usd
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
14700000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
14700000 usd
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
14700000 usd
CY2021Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.30
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
6400000 usd

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