2015 Q2 Form 10-K Financial Statement

#000070335116000098 Filed on August 29, 2016

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2014 Q4
Revenue $764.1M $784.2M $742.9M
YoY Change 0.56% 3.28% 5.28%
Cost Of Revenue $601.9M $204.0M $193.8M
YoY Change -0.48% 4.36% 4.63%
Gross Profit $162.2M $580.3M $549.1M
YoY Change 4.65% 2.91% 5.51%
Gross Profit Margin 21.23% 73.99% 73.92%
Selling, General & Admin $33.00M $35.20M $32.70M
YoY Change -0.9% 3.53% 7.57%
% of Gross Profit 20.35% 6.07% 5.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.00M $36.60M $36.10M
YoY Change 5.11% 7.02% 7.76%
% of Gross Profit 22.81% 6.31% 6.57%
Operating Expenses $70.10M $71.80M $68.70M
YoY Change 2.34% 5.28% 7.34%
Operating Profit $92.10M $103.2M $65.48M
YoY Change 6.47% 18.39% 1.84%
Interest Expense -$7.300M $7.361M $7.349M
YoY Change 4.29% 4.15% 4.29%
% of Operating Profit -7.93% 7.13% 11.22%
Other Income/Expense, Net $500.0K $454.0K $611.0K
YoY Change 0.0% -34.49% 32.54%
Pretax Income $81.40M $96.32M $58.74M
YoY Change 131.4% 19.18% 1.79%
Income Tax $24.20M $30.89M $17.44M
% Of Pretax Income 29.73% 32.07% 29.68%
Net Earnings $57.22M $65.43M $41.31M
YoY Change 98.55% 16.29% 3.93%
Net Earnings / Revenue 7.49% 8.34% 5.56%
Basic Earnings Per Share $0.94 $1.04 $0.65
Diluted Earnings Per Share $0.92 $1.02 $0.64
COMMON SHARES
Basic Shares Outstanding 61.13M shares 62.89M shares 63.59M shares
Diluted Shares Outstanding 62.29M shares 64.09M shares 64.96M shares

Balance Sheet

Concept 2015 Q2 2015 Q1 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.10M $63.50M $78.40M
YoY Change -4.51% -1.7% 25.04%
Cash & Equivalents $55.12M $63.54M $78.41M
Short-Term Investments
Other Short-Term Assets $62.50M $59.30M $81.40M
YoY Change -23.5% -5.42% 11.81%
Inventory $23.04M $24.13M $25.16M
Prepaid Expenses
Receivables $46.59M $43.08M $100.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $187.2M $190.0M $285.5M
YoY Change -11.21% -2.62% 15.5%
LONG-TERM ASSETS
Property, Plant & Equipment $1.032B $1.037B $1.045B
YoY Change -2.31% 0.0% 1.86%
Goodwill $132.4M $132.3M $132.8M
YoY Change -0.79% -0.64% -0.51%
Intangibles $16.64M $17.23M $17.59M
YoY Change -11.67%
Long-Term Investments $11.80M
YoY Change
Other Assets $34.45M $36.79M $35.57M
YoY Change -15.85% -37.74% -40.67%
Total Long-Term Assets $1.249B $1.247B $1.264B
YoY Change -2.43% -0.61% 1.77%
TOTAL ASSETS
Total Short-Term Assets $187.2M $190.0M $285.5M
Total Long-Term Assets $1.249B $1.247B $1.264B
Total Assets $1.436B $1.437B $1.550B
YoY Change -3.67% -0.88% 4.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $92.95M $89.38M $77.56M
YoY Change -9.7% -4.21% 3.24%
Accrued Expenses $111.2M $312.3M $397.6M
YoY Change -66.1% 10.04% 24.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.400M $3.100M $28.00M
YoY Change -87.81% -88.85% 1.08%
Total Short-Term Liabilities $418.5M $406.6M $511.1M
YoY Change -10.22% -2.32% 19.15%
LONG-TERM LIABILITIES
Long-Term Debt $970.8M $933.2M $901.2M
YoY Change 16.64% 14.18% 11.78%
Other Long-Term Liabilities $125.0M $129.6M $132.5M
YoY Change -3.15% 0.92% 1.25%
Total Long-Term Liabilities $125.0M $129.6M $132.5M
YoY Change -3.15% 0.92% 1.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $418.5M $406.6M $511.1M
Total Long-Term Liabilities $125.0M $129.6M $132.5M
Total Liabilities $543.5M $536.2M $643.6M
YoY Change -8.69% -1.56% 14.97%
SHAREHOLDERS EQUITY
Retained Earnings $2.432B $2.392B $2.344B
YoY Change 5.43% 4.28% 4.0%
Common Stock $507.7M $506.0M $498.3M
YoY Change 1.15% 1.67% 1.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.009B $2.922B $2.832B
YoY Change 9.65% 8.16% 8.07%
Treasury Stock Shares 115.7M shares 114.2M shares 113.1M shares
Shareholders Equity -$90.81M -$32.13M $4.941M
YoY Change
Total Liabilities & Shareholders Equity $1.436B $1.437B $1.550B
YoY Change -3.67% -0.88% 4.05%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2014 Q4
OPERATING ACTIVITIES
Net Income $57.22M $65.43M $41.31M
YoY Change 98.55% 16.29% 3.93%
Depreciation, Depletion And Amortization $37.00M $36.60M $36.10M
YoY Change 5.11% 7.02% 7.76%
Cash From Operating Activities $93.70M $112.4M $91.60M
YoY Change 13.3% -13.41% -0.33%
INVESTING ACTIVITIES
Capital Expenditures -$33.20M -$27.60M -$39.30M
YoY Change -29.51% -37.7% -1.5%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $800.0K
YoY Change -100.0% 0.0%
Cash From Investing Activities -$33.10M -$27.70M -$38.50M
YoY Change -29.72% -37.33% -1.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $168.8M
YoY Change
Cash From Financing Activities -69.00M -99.70M -38.30M
YoY Change 61.97% 19.4% -16.56%
NET CHANGE
Cash From Operating Activities 93.70M 112.4M 91.60M
Cash From Investing Activities -33.10M -27.70M -38.50M
Cash From Financing Activities -69.00M -99.70M -38.30M
Net Change In Cash -8.400M -15.00M 14.80M
YoY Change 20.0% -814.29% 114.49%
FREE CASH FLOW
Cash From Operating Activities $93.70M $112.4M $91.60M
Capital Expenditures -$33.20M -$27.60M -$39.30M
Free Cash Flow $126.9M $140.0M $130.9M
YoY Change -2.23% -19.59% -0.68%

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5954000 USD
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4138000 USD
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4853000 USD
CY2016Q2 us-gaap Capital Leases Future Minimum Payments Due In Three Years
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5226000 USD
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5745000 USD
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27977000 USD
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16361000 USD
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33969000 USD
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37532000 USD
CY2016Q2 us-gaap Capital Leases Future Minimum Sublease Rentals
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25500000 USD
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22100000 USD
CY2016Q2 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
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24100000 USD
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57685000 USD
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31446000 USD
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-2564000 USD
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CY2016Q2 us-gaap Commitments And Contingencies
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0.96
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1.12
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1.28
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CY2016Q2 us-gaap Common Stock Par Or Stated Value Per Share
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0.10
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250000000 shares
CY2016Q2 us-gaap Common Stock Shares Authorized
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250000000 shares
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176246649 shares
CY2016Q2 us-gaap Common Stock Shares Issued
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CY2016Q2 us-gaap Common Stock Shares Outstanding
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17625000 USD
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189004000 USD
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197781000 USD
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15001000 USD
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23965000 USD
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0 USD
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758028000 USD
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775063000 USD
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840204000 USD
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0 USD
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0 USD
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1000000 USD
CY2016 us-gaap Costmethod Investments Other Than Temporary Impairment
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1000000 USD
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2667330000 USD
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2691076000 USD
CY2016 us-gaap Costs And Expenses
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2940013000 USD
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CY2015 us-gaap Current Federal Tax Expense Benefit
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59726000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
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48049000 USD
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3550000 USD
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3319000 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
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3497000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
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84939000 USD
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74907000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
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63749000 USD
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15219000 USD
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CY2016 us-gaap Current State And Local Tax Expense Benefit
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12203000 USD
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1117512000 USD
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550000000.0 USD
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10754000 USD
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21023000 USD
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112000 USD
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21893000 USD
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27003000 USD
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2500000 USD
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27003000 USD
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16120000 USD
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9804000 USD
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6987000 USD
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470000 USD
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13105000 USD
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12817000 USD
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30928000 USD
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32132000 USD
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
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2303000 USD
CY2016Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Restructuring Charges
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2439000 USD
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
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18567000 USD
CY2016Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
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18015000 USD
CY2015Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2016Q2 us-gaap Deferred Tax Assets Valuation Allowance
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60539000 USD
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12060000 USD
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31626000 USD
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27713000 USD
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29884000 USD
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3963000 USD
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4382000 USD
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16803000 USD
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17360000 USD
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7400000 USD
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8000000 USD
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8900000 USD
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145242000 USD
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156368000 USD
CY2016 us-gaap Description Of Material Contingencies Of Parent Company
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No material liabilities have been recorded as of June 29, 2016
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65130000 USD
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71543000 USD
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74235000 USD
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0.55
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1.01
us-gaap Earnings Per Share Basic
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1.12
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3.47
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2.26
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0.49
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0.64
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1.02
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0.92
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3.05
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0.54
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0.80
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1.00
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1.11
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3.42
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0.35
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70999000 USD
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6900000 USD
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5500000 USD
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5800000 USD
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11801000 USD
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10257000 USD
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18872000 USD
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15893000 USD
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5460000 USD
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5500000 USD
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1983000 USD
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3754000 USD
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1500000 USD
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1500000 USD
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1500000 USD
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1500000 USD
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1500000 USD
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8227000 USD
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23272000 USD
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6244000 USD
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19518000 USD
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10400000 USD
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618084000 USD
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663472000 USD
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-87000 USD
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132094000 USD
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133467000 USD
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127593000 USD
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164007000 USD
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0 USD
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31912000 USD
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-1053000 USD
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-286000 USD
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0 USD
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645000 USD
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392000 USD
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2300000 USD
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3400000 USD
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6800000 USD
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200000 USD
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24785000 USD
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24681000 USD
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216288000 USD
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47814000 USD
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58744000 USD
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96316000 USD
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81403000 USD
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284277000 USD
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48753000 USD
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68272000 USD
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78150000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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91212000 USD
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286387000 USD
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328000 USD
CY2015 us-gaap Income Loss From Equity Method Investments
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368000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
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571000 USD
CY2014 us-gaap Income Tax Expense Benefit
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62249000 USD
CY2015 us-gaap Income Tax Expense Benefit
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87583000 USD
CY2016 us-gaap Income Tax Expense Benefit
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85642000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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75701000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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99497000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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100236000 USD
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-2972000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-1927000 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
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-5199000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
7636000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
8646000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
11102000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
18116000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
18633000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
20497000 USD
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IncomeTaxesPaidNet
48379000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
50437000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
45743000 USD
CY2014 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
5372000 USD
CY2015 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-1932000 USD
CY2016 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
3682000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3756000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1117000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
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-5783000 USD
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14617000 USD
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-22595000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
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-10013000 USD
CY2014 us-gaap Increase Decrease In Income Taxes
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14087000 USD
CY2015 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
6284000 USD
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9928000 USD
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-912000 USD
CY2015 us-gaap Increase Decrease In Inventories
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-475000 USD
CY2016 us-gaap Increase Decrease In Inventories
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-11000 USD
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3397000 USD
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IncreaseDecreaseInOtherOperatingAssets
2140000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
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-72000 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
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-3314000 USD
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
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-749000 USD
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
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4623000 USD
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-1827000 USD
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30225000 USD
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-4368000 USD
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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13130000 USD
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16642000 USD
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28091000 USD
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InterestExpense
29006000 USD
CY2016 us-gaap Interest Expense
InterestExpense
32574000 USD
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25476000 USD
CY2015 us-gaap Interest Paid Net
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26190000 USD
CY2016 us-gaap Interest Paid Net
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28989000 USD
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23035000 USD
CY2016Q2 us-gaap Inventory Net
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25104000 USD
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147763000 USD
CY2016Q2 us-gaap Land
Land
147626000 USD
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105128000 USD
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107689000 USD
CY2016 us-gaap Lease And Rental Expense
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123467000 USD
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28100000 USD
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1435873000 USD
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1472716000 USD
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418475000 USD
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432443000 USD
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5144000 USD
CY2016Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
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5811000 USD
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970825000 USD
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1113949000 USD
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3439000 USD
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3563000 USD
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299796000 USD
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0 USD
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0 USD
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530250000 USD
CY2016Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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0 USD
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249934000 USD
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39500000 USD
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5800000 USD
CY2015 us-gaap Loss Contingency Accrual Carrying Value Period Increase Decrease
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0 USD
CY2016 us-gaap Loss Contingency Accrual Carrying Value Period Increase Decrease
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0 USD
CY2016Q2 us-gaap Loss Contingency Pending Claims Number
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0 LegalMatter
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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359842000 USD
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368611000 USD
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394700000 USD
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154039000 USD
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32738000 USD
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41306000 USD
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65427000 USD
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57223000 USD
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196694000 USD
CY2015Q3 us-gaap Net Income Loss
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33207000 USD
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47694000 USD
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57502000 USD
us-gaap Net Income Loss
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62342000 USD
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200745000 USD
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103 restaurant
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31 Country
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2 segment
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663000 USD
CY2016Q2 us-gaap Off Market Lease Unfavorable
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6521000 USD
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2349931000 USD
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2407603000 USD
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2638872000 USD
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317476000 USD
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123312000 USD
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47100000 USD
CY2016Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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4737000 USD
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4774000 USD
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4408000 USD
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34445000 USD
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31555000 USD
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-940000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-7690000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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-2964000 USD
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-940000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-7690000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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7108000 USD
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7081000 USD
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125033000 USD
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139423000 USD
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2214000 USD
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2081000 USD
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1485000 USD
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707000 USD
CY2015 us-gaap Other Operating Activities Cash Flow Statement
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250000 USD
CY2016 us-gaap Other Operating Activities Cash Flow Statement
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1918000 USD
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64420000 USD
CY2015 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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40775000 USD
CY2016 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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24806000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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239597000 USD
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306255000 USD
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284905000 USD
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63395000 USD
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70832000 USD
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74066000 USD
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0 USD
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2501000 USD
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0 USD
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106500000 USD
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0 USD
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PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
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105577000 USD
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161066000 USD
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140262000 USD
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112788000 USD
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1
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18512000 USD
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30825000 USD
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549500000 USD
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8600000 USD
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2000000 USD
us-gaap Proceeds From Legal Settlements
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1200000 USD
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120000000 USD
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480750000 USD
CY2016 us-gaap Proceeds From Long Term Lines Of Credit
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256500000 USD
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888000 USD
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1950000 USD
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4256000 USD
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29295000 USD
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16259000 USD
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6147000 USD
CY2016 us-gaap Professional Fees
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1200000 USD
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2327805000 USD
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2461987000 USD
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1032044000 USD
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1043152000 USD
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26521000 USD
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168800000 USD
us-gaap Repayments Of Long Term Debt
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18700000 USD
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189177000 USD
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3402000 USD
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40000000 USD
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177000000 USD
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110000000 USD
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3413000 USD
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1736000 USD
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3780000 USD
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8533000 USD
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5636000 USD
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17445000 USD
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2431683000 USD
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2558193000 USD
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2909495000 USD
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Revenues
711018000 USD
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Revenues
742898000 USD
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Revenues
784215000 USD
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764147000 USD
CY2015 us-gaap Revenues
Revenues
3002278000 USD
CY2015Q3 us-gaap Revenues
Revenues
762559000 USD
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Revenues
788610000 USD
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824639000 USD
us-gaap Revenues
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881681000 USD
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3257489000 USD
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20308000 USD
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26280000 USD
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2823069000 USD
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2904746000 USD
CY2016 us-gaap Sales Revenue Goods Net
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3166659000 USD
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2140000 USD
CY2014Q4 us-gaap Severance Costs1
SeveranceCosts1
300000 USD
CY2015Q2 us-gaap Severance Costs1
SeveranceCosts1
900000 USD
CY2015 us-gaap Severance Costs1
SeveranceCosts1
1182000 USD
CY2015Q3 us-gaap Severance Costs1
SeveranceCosts1
2200000 USD
CY2015Q4 us-gaap Severance Costs1
SeveranceCosts1
200000 USD
us-gaap Severance Costs1
SeveranceCosts1
900000 USD
CY2016 us-gaap Severance Costs1
SeveranceCosts1
3304000 USD
CY2014 us-gaap Share Based Compensation
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16074000 USD
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
14802000 USD
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
15159000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.022
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.022
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.024
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.477
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.310
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.275
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.015
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.75
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
11.72
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.48
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P5Y
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P5Y
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2016Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
800000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation Gross
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-29295000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
-16259000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
-6147000 USD
CY2016Q2 us-gaap Stock Repurchase Program Authorized Amount1
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4185000000 USD
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StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
333000000 USD
CY2016 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5800000 shares
CY2016 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
284900000 USD
CY2013Q2 us-gaap Stockholders Equity
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149357000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
63094000 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
-78460000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
-213099000 USD
CY2015Q2 us-gaap Supplies
Supplies
43968000 USD
CY2016Q2 us-gaap Supplies
Supplies
45455000 USD
CY2015Q2 us-gaap Treasury Stock Shares
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115661041 shares
CY2016Q2 us-gaap Treasury Stock Shares
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120825993 shares
CY2015Q2 us-gaap Treasury Stock Value
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3009249000 USD
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3272433000 USD
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239597000 USD
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
306255000 USD
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
284905000 USD
CY2016Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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5200000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7375000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6088000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5811000 USD
CY2015 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
371000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
2290000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2200000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
800000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
760000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1761000 USD
CY2015 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
18000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1062000 USD
CY2014 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
300000 USD
CY2015 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
200000 USD
CY2016 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
1300000 USD
CY2015 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1694000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
810000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4100000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
3900000 USD
CY2016 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2700000 USD
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1901000 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1332000 shares
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
789000 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68152000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66263000 shares
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64963000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64091000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62294000 shares
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64404000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61208000 shares
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59899000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57407000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56394000 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58684000 shares
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66251000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64668000 shares
CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63590000 shares
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WeightedAverageNumberOfSharesOutstandingBasic
62891000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61132000 shares
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63072000 shares
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WeightedAverageNumberOfSharesOutstandingBasic
60225000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59198000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56673000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55657000 shares
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57895000 shares
CY2016 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EFFECT OF NEW ACCOUNTING STANDARDS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09,&#160;Improvements to Employee Share-Based Payment Accounting (Topic 718). This update was issued as part of the FASB&#8217;s simplification initiative and affects all entities that issue share-based payment awards to their employees. The amendments in this update cover such areas as the recognition of excess tax benefits and deficiencies, the classification of those excess tax benefits on the statement of cash flows, an accounting policy election for forfeitures, the amount an employer can withhold to cover income taxes and still qualify for equity classification and the classification of those taxes paid on the statement of cash flows.&#160;This update is effective for annual and interim periods for fiscal years beginning after December 15, 2016, which will require us to adopt these provisions in the first quarter of fiscal 2018.&#160;Early adoption is permitted for financial statements that have not been previously issued. This update&#160;will be applied either prospectively, retrospectively or using a cumulative effect transition method, depending on the area covered in this update.&#160;We have not yet determined the effect of this update on our ongoing financial reporting. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02,&#160;Leases (Topic 842). This update requires a lessee to recognize on the balance sheet a liability to make lease payments and a corresponding right-of-use asset. The update also requires additional disclosures about the amount, timing, and uncertainty of cash flows arising from leases. This update is effective for annual and interim periods for fiscal years beginning after December 15, 2018, which will require us to adopt these provisions in the first quarter of fiscal 2020.&#160;Early adoption is permitted for financial statements that have not been previously issued. This update will be applied on a modified retrospective basis. We have not yet determined the effect of this update on our ongoing financial reporting. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. This update requires that debt issuance costs be presented in the balance sheet as a direct deduction from the associated debt liability. This update is effective for annual and interim periods for fiscal years beginning after December 15, 2015, which will require us to adopt these provisions in the first quarter of fiscal 2017. Early adoption is permitted for financial statements that have not been previously issued. This update will be applied on a retrospective basis. The adoption of this update will not have a material impact on our consolidated financial statements. Our current balance of debt issuance costs was approximately $3.3 million at the end of fiscal 2016. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In&#160;April 2015, the FASB issued ASU 2015-05, Customer's Accounting for Fees Paid in a Cloud Computing Arrangement. This update provides guidance to customers about whether a cloud computing arrangement includes a software license and the related accounting treatment. This update is effective for annual and interim periods for fiscal years beginning after December 15, 2015, which will require us to adopt these provisions in the first quarter of fiscal 2017.&#160; Early adoption is permitted for financial statements that have not been previously issued. This update may be applied prospectively for all arrangements entered into or materially modified after the effective date or on a retrospective basis. We do not expect the adoption of this update to have a material impact on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The FASB has subsequently amended this update by issuing additional ASU's that provide clarification and further guidance around areas identified as potential implementation issues. These updates provide a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. These updates also require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. In August 2015, the FASB issued ASU 2015-14 delaying the effective date of adoption. These updates are now effective for annual and interim periods for fiscal years beginning after December 15, 2017, which will require us to adopt these provisions in the first quarter of fiscal 2019. Early application in fiscal 2018 is permitted. These updates permit the use of either the retrospective or cumulative effect transition method. We do not believe the standard will impact our recognition of revenue from company-owned restaurants or our recognition of royalty fees from franchisees. We are continuing to evaluate the impact the adoption of this standard will have on the recognition of other less significant revenue transactions.</font></div></div>
CY2016 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(a) Nature of Operations</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are principally engaged in the ownership, operation, development, and franchising of the Chili&#8217;s Grill&#160;&amp; Bar (&#8220;Chili&#8217;s&#8221;) and Maggiano&#8217;s Little Italy (&#8220;Maggiano&#8217;s&#8221;) restaurant brands. At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June 29, 2016</font><font style="font-family:inherit;font-size:10pt;">, we owned, operated, or franchised </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1,660</font><font style="font-family:inherit;font-size:10pt;"> restaurants in the United States and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">31</font><font style="font-family:inherit;font-size:10pt;"> countries and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> territories outside of the United States.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(c) Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and costs and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

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