2022 Q3 Form 10-Q Financial Statement
#000187278922000015 Filed on August 15, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $274.6M | $291.1M | $274.5M |
YoY Change | -76.43% | -1.32% | -3.41% |
Cost Of Revenue | $97.90M | $88.20M | $83.30M |
YoY Change | -73.18% | -4.55% | -5.23% |
Gross Profit | $176.7M | $202.9M | $191.2M |
YoY Change | -77.91% | 0.15% | -2.6% |
Gross Profit Margin | 64.35% | 69.7% | 69.65% |
Selling, General & Admin | $82.70M | $83.80M | $66.90M |
YoY Change | -65.54% | 38.51% | 19.89% |
% of Gross Profit | 46.8% | 41.3% | 34.99% |
Research & Development | $18.20M | $14.30M | $18.00M |
YoY Change | -71.11% | -8.92% | 27.66% |
% of Gross Profit | 10.3% | 7.05% | 9.41% |
Depreciation & Amortization | $7.500M | $9.100M | $6.700M |
YoY Change | -73.87% | -54.73% | -34.31% |
% of Gross Profit | 4.24% | 4.48% | 3.5% |
Operating Expenses | $108.3M | $105.8M | $92.30M |
YoY Change | -64.84% | 35.12% | 32.05% |
Operating Profit | $68.40M | $97.10M | $98.90M |
YoY Change | -86.1% | -21.88% | -21.76% |
Interest Expense | -$21.80M | -$19.50M | $4.900M |
YoY Change | |||
% of Operating Profit | -31.87% | -20.08% | 4.95% |
Other Income/Expense, Net | -$2.700M | -$4.000M | -$100.0K |
YoY Change | -190.0% | -766.67% | -104.76% |
Pretax Income | -$27.50M | $73.60M | $93.90M |
YoY Change | -105.56% | -41.07% | -26.93% |
Income Tax | -$10.30M | $11.20M | $14.30M |
% Of Pretax Income | 15.22% | 15.23% | |
Net Earnings | -$17.20M | $62.40M | $79.60M |
YoY Change | -104.14% | -40.4% | -26.23% |
Net Earnings / Revenue | -6.26% | 21.44% | 29.0% |
Basic Earnings Per Share | $1.08 | $1.38 | |
Diluted Earnings Per Share | -$314.4K | $1.07 | $1.38 |
COMMON SHARES | |||
Basic Shares Outstanding | 57.84M shares | 57.80M shares | 57.80M shares |
Diluted Shares Outstanding | 58.21M shares | 57.80M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $330.9M | $292.3M | $264.3M |
YoY Change | |||
Cash & Equivalents | $330.9M | $292.3M | $264.3M |
Short-Term Investments | |||
Other Short-Term Assets | $77.90M | $38.80M | $24.60M |
YoY Change | 235.78% | ||
Inventory | $122.8M | $130.3M | $122.4M |
Prepaid Expenses | |||
Receivables | $22.20M | $22.20M | $15.20M |
Other Receivables | $110.9M | $97.00M | $0.00 |
Total Short-Term Assets | $664.7M | $580.6M | $426.5M |
YoY Change | 127.79% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $307.9M | $380.3M | $355.7M |
YoY Change | -31.73% | ||
Goodwill | $15.70M | $15.70M | $15.70M |
YoY Change | 0.64% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $89.20M | $68.50M | $16.60M |
YoY Change | 689.38% | ||
Total Long-Term Assets | $421.7M | $469.2M | $407.0M |
YoY Change | -15.01% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $664.7M | $580.6M | $426.5M |
Total Long-Term Assets | $421.7M | $469.2M | $407.0M |
Total Assets | $1.086B | $1.050B | $833.5M |
YoY Change | 37.87% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $41.40M | $64.30M | $50.80M |
YoY Change | -23.62% | ||
Accrued Expenses | $104.3M | $89.60M | $76.60M |
YoY Change | 27.82% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $9.500M | $9.500M | $9.500M |
YoY Change | |||
Total Short-Term Liabilities | $301.0M | $228.5M | $168.9M |
YoY Change | 83.54% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.598B | $1.599B | $1.404B |
YoY Change | |||
Other Long-Term Liabilities | $4.300M | $3.900M | |
YoY Change | |||
Total Long-Term Liabilities | $1.598B | $1.599B | $1.404B |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $301.0M | $228.5M | $168.9M |
Total Long-Term Liabilities | $1.598B | $1.599B | $1.404B |
Total Liabilities | $1.899B | $1.828B | $1.573B |
YoY Change | 1057.99% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$577.1M | -$556.0M | |
YoY Change | |||
Common Stock | $600.0K | $600.0K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$891.4M | -$847.6M | -$967.5M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.086B | $1.050B | $833.5M |
YoY Change | 37.87% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$17.20M | $62.40M | $79.60M |
YoY Change | -104.14% | -40.4% | -26.23% |
Depreciation, Depletion And Amortization | $7.500M | $9.100M | $6.700M |
YoY Change | -73.87% | -54.73% | -34.31% |
Cash From Operating Activities | $58.00M | $32.80M | $182.6M |
YoY Change | -82.67% | -86.85% | 52.55% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$8.600M | -$5.300M | -$5.800M |
YoY Change | -68.27% | -62.14% | -192.06% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$8.600M | -$5.300M | -$5.800M |
YoY Change | -68.27% | -62.14% | -7.94% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -7.100M | 3.300M | 90.30M |
YoY Change | -97.69% | -101.4% | -179.63% |
NET CHANGE | |||
Cash From Operating Activities | 58.00M | 32.80M | 182.6M |
Cash From Investing Activities | -8.600M | -5.300M | -5.800M |
Cash From Financing Activities | -7.100M | 3.300M | 90.30M |
Net Change In Cash | 42.30M | 30.80M | 267.1M |
YoY Change | 31199290735094250.0% | -258375172243603600.0% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $58.00M | $32.80M | $182.6M |
Capital Expenditures | -$8.600M | -$5.300M | -$5.800M |
Free Cash Flow | $66.60M | $38.10M | $188.4M |
YoY Change | -81.59% | -85.54% | 66.14% |
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us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
314200000 | usd | |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
292300000 | usd |
CY2021Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
CY2022Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
1200000 | usd |
CY2021Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
2800000 | usd |
CY2022Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
22200000 | usd |
CY2021Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
150600000 | usd |
CY2022Q2 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
12000000.0 | usd |
CY2021Q3 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
13100000 | usd |
CY2022Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
17700000 | usd |
CY2021Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
21000000.0 | usd |
CY2022Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
100600000 | usd |
CY2022Q2 | us-gaap |
Inventory Net
InventoryNet
|
130300000 | usd |
CY2021Q3 | us-gaap |
Inventory Net
InventoryNet
|
118000000.0 | usd |
CY2022Q2 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
97000000.0 | usd |
CY2021Q3 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
0 | usd |
CY2022Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
38800000 | usd |
CY2021Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
23200000 | usd |
CY2022Q2 | us-gaap |
Assets Current
AssetsCurrent
|
580600000 | usd |
CY2021Q3 | us-gaap |
Assets Current
AssetsCurrent
|
291800000 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
375700000 | usd |
CY2021Q3 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
451000000.0 | usd |
CY2022Q2 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
25000000.0 | usd |
CY2021Q3 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
33900000 | usd |
CY2022Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
68500000 | usd |
CY2021Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
11300000 | usd |
CY2022Q2 | us-gaap |
Assets
Assets
|
1049800000 | usd |
CY2021Q3 | us-gaap |
Assets
Assets
|
788000000.0 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
64300000 | usd |
CY2021Q3 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
0 | usd |
CY2021Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
0 | usd |
CY2021Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
54200000 | usd |
CY2022Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
89600000 | usd |
CY2021Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
81600000 | usd |
CY2022Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
41100000 | usd |
CY2021Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
28200000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
9500000 | usd |
CY2021Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
3600000 | usd |
CY2022Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
20400000 | usd |
CY2021Q3 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
0 | usd |
CY2022Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
228500000 | usd |
CY2021Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
164000000.0 | usd |
CY2022Q2 | us-gaap |
Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
|
36800000 | usd |
CY2021Q3 | us-gaap |
Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
|
29700000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1599200000 | usd |
CY2022Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
57806040 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
57806040 | shares |
CY2022Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
32900000 | usd |
CY2021Q3 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
0 | usd |
CY2022Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2021Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
250000000 | shares |
CY2022Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
600000 | usd |
CY2022Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
5800000 | usd |
CY2022Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-556000000.0 | usd |
CY2021Q3 | embc |
Net Parent Investment
NetParentInvestment
|
864800000 | usd |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-298000000.0 | usd |
CY2021Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-270500000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-847600000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
594300000 | usd |
CY2022Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1049800000 | usd |
CY2021Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
788000000.0 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
580700000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
104700000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
0 | usd |
CY2021Q2 | embc |
Net Parent Investment Net Transfers To Parent
NetParentInvestmentNetTransfersToParent
|
108700000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
576700000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-967500000 | usd |
CY2022Q2 | embc |
Net Parent Investment Net Transfers To Parent Including Separation Adjustments
NetParentInvestmentNetTransfersToParentIncludingSeparationAdjustments
|
-73100000 | usd |
CY2022Q2 | embc |
Stock Issued During Period Value New Issues And Reclassification Of Net Parent Investment
StockIssuedDuringPeriodValueNewIssuesAndReclassificationOfNetParentInvestment
|
0 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
62400000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-21400000 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5800000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-847600000 | usd |
CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
572200000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
317900000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-3700000 | usd | |
embc |
Net Parent Investment Net Transfers To Parent
NetParentInvestmentNetTransfersToParent
|
309700000 | usd | |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
576700000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
594300000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
240800000 | usd | |
embc |
Net Parent Investment Net Transfers To Parent Including Separation Adjustments
NetParentInvestmentNetTransfersToParentIncludingSeparationAdjustments
|
385200000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-37300000 | usd | |
embc |
Net Parent Investment Consideration Paid For Separation
NetParentInvestmentConsiderationPaidForSeparation
|
1266000000 | usd | |
embc |
Stock Issued During Period Value New Issues And Reclassification Of Net Parent Investment
StockIssuedDuringPeriodValueNewIssuesAndReclassificationOfNetParentInvestment
|
0 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
5800000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-847600000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
240800000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
317900000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
24200000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
29400000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1900000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
0 | usd | |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd | |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
13800000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
14300000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9600000 | usd | |
us-gaap |
Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
|
6400000 | usd | |
us-gaap |
Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
|
7000000.0 | usd | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
400000 | usd | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-123600000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1600000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
23600000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
16700000 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
99600000 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
0 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
25800000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
4000000.0 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
41400000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-8300000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
25900000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
19100000 | usd | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
10800000 | usd | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
0 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
5800000 | usd | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
4400000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-7700000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-200000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
354200000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
370800000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
15000000.0 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
24000000.0 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
400000 | usd | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
1900000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-15400000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-25900000 | usd | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
1450000000 | usd | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
2400000 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
33300000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | usd | |
embc |
Payment Of Revolving Credit Facility Fees
PaymentOfRevolvingCreditFacilityFees
|
5600000 | usd | |
embc |
Payment Of Revolving Credit Facility Fees
PaymentOfRevolvingCreditFacilityFees
|
0 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
900000 | usd | |
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
0 | usd | |
embc |
Payment For Spinoff Transaction Financing Activities
PaymentForSpinoffTransactionFinancingActivities
|
1266000000 | usd | |
embc |
Payment For Spinoff Transaction Financing Activities
PaymentForSpinoffTransactionFinancingActivities
|
0 | usd | |
embc |
Net Transfers To Parent Financing Activities
NetTransfersToParentFinancingActivities
|
182700000 | usd | |
embc |
Net Transfers To Parent Financing Activities
NetTransfersToParentFinancingActivities
|
344900000 | usd | |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-40900000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-344900000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-5600000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
0 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
292300000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
0 | usd | |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
292300000 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Background<div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Embecta ("embecta" or the "Company") is a leading global medical device company focused on providing solutions to improve the health and well-being of people living with diabetes. The Company has a broad portfolio of marketed products, including a variety of pen needles, syringes and safety devices, which are complemented by proprietary digital applications designed to assist people with managing their diabetes. The Company primarily sells products to wholesalers and distributors, which in turn sell such products to customers in primarily retail and institutional channels.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#2b2a29;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On April 1, 2022, embecta and Becton, Dickinson and Company ("BD") entered into a Separation and Distribution Agreement (the "Separation and Distribution Agreement"). Pursuant to the Separation and Distribution Agreement, BD agreed to spin off its diabetes care business ("Diabetes Care Business") into embecta, a new, publicly traded company (the "Separation"). </span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#2b2a29;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Separation occurred by means of a pro-rata distribution of all of embecta’s issued and outstanding shares of common stock on the basis of one share of embecta common stock, par value $0.01 per share, for every five shares of BD common stock, par value $1.00 per share, held as of the close of business on March 22, 2022, the record date for the distribution. embecta is now a standalone publicly traded company and, on April 1, 2022, regular-way trading of embecta common stock commenced on the Nasdaq Global Select Market under the ticker symbol "EMBC".</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#2b2a29;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">In connection with the Separation, BD and embecta entered into various agreements to provide a framework for the relationship between BD and embecta after the Separation, including, but not limited to, a separation and distribution agreement, a transition services agreement, a tax matters agreement, an employee matters agreement, a cannula supply agreement, contract manufacturing agreements, an intellectual property matters agreement, a logistics services agreement, distribution agreements, factoring and receivables agreements, local support and service agreements and other transaction documents.</span></div> | ||
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates or assumptions affect reported assets, liabilities, revenues and expenses, including determining the allocation of shared costs and expenses from BD, depreciable and amortizable lives, sales returns and allowances, rebate accruals, inventory reserves and taxes on income as reflected in the Condensed Consolidated Financial Statements. Actual results could differ from these estimates. | ||
CY2021Q2 | embc |
General Corporate Expenses
GeneralCorporateExpenses
|
28900000 | usd |
embc |
General Corporate Expenses
GeneralCorporateExpenses
|
53100000 | usd | |
embc |
General Corporate Expenses
GeneralCorporateExpenses
|
85300000 | usd | |
CY2021Q2 | embc |
Net Parent Investment Cash Pooling And General Financing Activities
NetParentInvestmentCashPoolingAndGeneralFinancingActivities
|
170200000 | usd |
CY2021Q2 | embc |
Net Parent Investment Corporate And Segment Allocations Excluding Non Cash Share Based Compensation
NetParentInvestmentCorporateAndSegmentAllocationsExcludingNonCashShareBasedCompensation
|
28400000 | usd |
CY2021Q2 | embc |
Net Parent Investment Taxes Deemed Settled With Parent
NetParentInvestmentTaxesDeemedSettledWithParent
|
19800000 | usd |
CY2021Q2 | embc |
Net Parent Investment Transfers Reflected As Cash Flows From Financing Activities
NetParentInvestmentTransfersReflectedAsCashFlowsFromFinancingActivities
|
122000000.0 | usd |
CY2021Q2 | embc |
Net Parent Investment Share Based Compensation Expense
NetParentInvestmentShareBasedCompensationExpense
|
2900000 | usd |
CY2021Q2 | embc |
Net Parent Investment Pension Expense
NetParentInvestmentPensionExpense
|
2100000 | usd |
CY2021Q2 | embc |
Net Parent Investment Other Transfers To From Parent Net
NetParentInvestmentOtherTransfersToFromParentNet
|
-8300000 | usd |
CY2021Q2 | embc |
Net Parent Investment Net Transfers To Parent
NetParentInvestmentNetTransfersToParent
|
108700000 | usd |
embc |
Net Parent Investment Cash Pooling And General Financing Activities
NetParentInvestmentCashPoolingAndGeneralFinancingActivities
|
255900000 | usd | |
embc |
Net Parent Investment Cash Pooling And General Financing Activities
NetParentInvestmentCashPoolingAndGeneralFinancingActivities
|
473300000 | usd | |
embc |
Net Parent Investment Corporate And Segment Allocations Excluding Non Cash Share Based Compensation
NetParentInvestmentCorporateAndSegmentAllocationsExcludingNonCashShareBasedCompensation
|
50400000 | usd | |
embc |
Net Parent Investment Corporate And Segment Allocations Excluding Non Cash Share Based Compensation
NetParentInvestmentCorporateAndSegmentAllocationsExcludingNonCashShareBasedCompensation
|
82100000 | usd | |
embc |
Net Parent Investment Taxes Deemed Settled With Parent
NetParentInvestmentTaxesDeemedSettledWithParent
|
16200000 | usd | |
embc |
Net Parent Investment Taxes Deemed Settled With Parent
NetParentInvestmentTaxesDeemedSettledWithParent
|
46300000 | usd | |
embc |
Net Parent Investment Separation Related Adjustments
NetParentInvestmentSeparationRelatedAdjustments
|
-6600000 | usd | |
embc |
Net Parent Investment Separation Related Adjustments
NetParentInvestmentSeparationRelatedAdjustments
|
0 | usd | |
embc |
Net Parent Investment Transfers Reflected As Cash Flows From Financing Activities
NetParentInvestmentTransfersReflectedAsCashFlowsFromFinancingActivities
|
182700000 | usd | |
embc |
Net Parent Investment Transfers Reflected As Cash Flows From Financing Activities
NetParentInvestmentTransfersReflectedAsCashFlowsFromFinancingActivities
|
344900000 | usd | |
embc |
Net Parent Investment Share Based Compensation Expense
NetParentInvestmentShareBasedCompensationExpense
|
8500000 | usd | |
embc |
Net Parent Investment Share Based Compensation Expense
NetParentInvestmentShareBasedCompensationExpense
|
9600000 | usd | |
embc |
Net Parent Investment Pension Expense
NetParentInvestmentPensionExpense
|
3600000 | usd | |
embc |
Net Parent Investment Pension Expense
NetParentInvestmentPensionExpense
|
7000000.0 | usd | |
embc |
Net Parent Investment Consideration Paid For Separation
NetParentInvestmentConsiderationPaidForSeparation
|
1266000000 | usd | |
embc |
Net Parent Investment Consideration Paid For Separation
NetParentInvestmentConsiderationPaidForSeparation
|
0 | usd | |
embc |
Net Parent Investment Related Party Debt Issued
NetParentInvestmentRelatedPartyDebtIssued
|
197000000.0 | usd | |
CY2021Q3 | us-gaap |
Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
|
71700000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
240800000 | usd | |
embc |
Net Parent Investment Related Party Debt Issued
NetParentInvestmentRelatedPartyDebtIssued
|
0 | usd | |
embc |
Net Parent Investment Other Transfers To From Parent Net
NetParentInvestmentOtherTransfersToFromParentNet
|
84100000 | usd | |
embc |
Net Parent Investment Other Transfers To From Parent Net
NetParentInvestmentOtherTransfersToFromParentNet
|
-18600000 | usd | |
embc |
Net Parent Investment Net Transfers To Parent
NetParentInvestmentNetTransfersToParent
|
1717700000 | usd | |
embc |
Net Parent Investment Net Transfers To Parent
NetParentInvestmentNetTransfersToParent
|
309700000 | usd | |
CY2022Q2 | embc |
Separation And Standup Costs
SeparationAndStandupCosts
|
7700000 | usd |
embc |
Separation And Standup Costs
SeparationAndStandupCosts
|
23500000 | usd | |
embc |
Separation And Standup Costs
SeparationAndStandupCosts
|
2100000 | usd | |
CY2021Q2 | embc |
Separation And Standup Costs
SeparationAndStandupCosts
|
2100000 | usd |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
Contingencies The Company regularly monitors and evaluates the status of product liability and other legal matters, and may, from time-to-time, engage in settlement and mediation discussions taking into consideration developments in the matters and the risks and uncertainties surrounding litigation. These discussions could result in settlements of one or more of these claims at any time. The Company has not identified material legal matters where it believes an unfavorable, material outcome is probable and estimable and, therefore, no reserve is established. Although management currently believes that resolving claims against the Company, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. It is possible that an unfavorable outcome resulting from legal matters or other contingencies could have a material impact on the liquidity, results of operations or financial condition of the Company. Significant judgment is required in both the determination of probability of loss and the determination as to whether the amount can be reasonably estimated. Accruals are based only on information available at the time of the assessment, due to the uncertain nature of such matters. As additional information becomes available, management reassesses potential liabilities related to pending claims and litigation and may revise its previous estimates, which could materially affect the Company’s results of operations in a given period. The Company was not a party to any material legal proceedings at June 30, 2022 or September 30, 2021, nor is it a party to any material legal proceedings as of the date of issuance of these Condensed Consolidated Financial Statements. | ||
CY2022Q2 | us-gaap |
Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
|
39500000 | usd |
CY2022Q2 | embc |
Revenue From Contract With Customer Sales Deductions Recognized
RevenueFromContractWithCustomerSalesDeductionsRecognized
|
73700000 | usd |
CY2021Q2 | embc |
Revenue From Contract With Customer Sales Deductions Recognized
RevenueFromContractWithCustomerSalesDeductionsRecognized
|
64900000 | usd |
embc |
Revenue From Contract With Customer Sales Deductions Recognized
RevenueFromContractWithCustomerSalesDeductionsRecognized
|
219200000 | usd | |
embc |
Revenue From Contract With Customer Sales Deductions Recognized
RevenueFromContractWithCustomerSalesDeductionsRecognized
|
208000000 | usd | |
CY2022Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
1200000 | usd |
CY2021Q3 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
1400000 | usd |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
291100000 | usd |
CY2021Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
295000000.0 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
854900000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
864500000 | usd | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
|
6900000 | usd |
CY2022Q2 | embc |
Share Based Payment Arrangement Plan Modification Expense Recognized
ShareBasedPaymentArrangementPlanModificationExpenseRecognized
|
800000 | usd |
CY2022Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
6100000 | usd |
CY2022Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y9M | |
CY2022Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
5800000 | usd |
CY2021Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2900000 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
14300000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9600000 | usd | |
CY2022Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
1100000 | usd |
CY2021Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
700000 | usd |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
3100000 | usd | |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
2300000 | usd | |
CY2022Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
1647600000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
9500000 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
38900000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1599200000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
317900000 | usd | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
104700000 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
9300000 | usd |
CY2021Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
18300000 | usd |
CY2022Q2 | us-gaap |
Goodwill
Goodwill
|
15700000 | usd |
CY2021Q3 | us-gaap |
Goodwill
Goodwill
|
15600000 | usd |
CY2022Q2 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
25000000.0 | usd |
CY2021Q3 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
33900000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
2400000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
9500000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
9500000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
9500000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
9500000 | usd |
CY2022Q2 | embc |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
1607300000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
57797841 | shares |
CY2022Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
62400000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
292300000 | usd |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
292300000 | usd |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
57802000 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
57798000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
57799000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
57798000 | shares | |
CY2022Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
405000 | shares |
CY2021Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
405000 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
58207000 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
57798000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
58204000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
57798000 | shares | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.08 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.81 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.17 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
5.50 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.07 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.81 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.14 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
5.50 | ||
CY2022Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.152 | |
CY2021Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.162 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.152 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.160 | ||
CY2022Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
12300000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
36100000 | usd |
CY2021Q3 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
0 | usd |
CY2021Q3 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
0 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd |
CY2021Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
0 | usd |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd | |
CY2022Q2 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
CY2022Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
22200000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
36100000 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
|
795400000 | usd |
CY2021Q3 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
|
891700000 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
419700000 | usd |
CY2021Q3 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
|
440700000 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
375700000 | usd |
CY2021Q3 | us-gaap |
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
451000000.0 | usd |
embc |
Property Plant And Equipment Net Period Increase Decrease
PropertyPlantAndEquipmentNetPeriodIncreaseDecrease
|
-75300000 | usd | |
CY2022Q2 | embc |
Lessee Finance Lease Area Of Premises Leased
LesseeFinanceLeaseAreaOfPremisesLeased
|
278000 | sqft |
CY2022Q2 | us-gaap |
Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
|
P10Y | |
CY2022Q2 | us-gaap |
Lessee Finance Lease Renewal Term1
LesseeFinanceLeaseRenewalTerm1
|
P5Y | |
CY2021Q3 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
0 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
3600000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
32900000 | usd |
CY2021Q3 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
0 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
36500000 | usd |
CY2021Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
0 | usd |
CY2022Q2 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P14Y9M18D | |
CY2022Q2 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.068 | |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
4600000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
4000000.0 | usd |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
4600000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
4000000.0 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
800000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
1000000.0 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
3900000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
3000000.0 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
4700000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
4000000.0 | usd |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y | |
CY2021Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.051 | |
CY2021Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.022 | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
36700000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
0 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
900000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | usd | |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1200000 | usd |
CY2022Q2 | embc |
Lessee Lease Liability To Be Paid Year Two
LesseeLeaseLiabilityToBePaidYearTwo
|
4800000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
3700000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
400000 | usd |
CY2022Q2 | embc |
Lessee Lease Liability To Be Paid Year Four
LesseeLeaseLiabilityToBePaidYearFour
|
4100000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
900000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
800000 | usd |
CY2022Q2 | embc |
Lessee Lease Liability To Be Paid Remainder Of Fiscal Year
LesseeLeaseLiabilityToBePaidRemainderOfFiscalYear
|
1700000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
3600000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1200000 | usd |
CY2022Q2 | embc |
Lessee Lease Liability To Be Paid Year One
LesseeLeaseLiabilityToBePaidYearOne
|
4800000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
3600000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1200000 | usd |
CY2022Q2 | embc |
Lessee Lease Liability To Be Paid Year Three
LesseeLeaseLiabilityToBePaidYearThree
|
4900000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
3700000 | usd |
CY2022Q2 | embc |
Finance Lease Liability To Be Paid Due After Year Four
FinanceLeaseLiabilityToBePaidDueAfterYearFour
|
43900000 | usd |
CY2022Q2 | embc |
Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
|
0 | usd |
CY2022Q2 | embc |
Lessee Lease Liability To Be Paid Due After Year Four
LesseeLeaseLiabilityToBePaidDueAfterYearFour
|
43900000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
59400000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
4800000 | usd |
CY2022Q2 | embc |
Lessee Lease Liability To Be Paid
LesseeLeaseLiabilityToBePaid
|
64200000 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
22900000 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
100000 | usd |
CY2022Q2 | embc |
Lessee Lease Liability Undiscounted Excess Amount
LesseeLeaseLiabilityUndiscountedExcessAmount
|
23000000.0 | usd |
CY2022Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
36500000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
4700000 | usd |
CY2022Q2 | embc |
Lessee Lease Liability
LesseeLeaseLiability
|
41200000 | usd |