2022 Q1 Form 10-Q Financial Statement

#000128930822000012 Filed on February 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $844.0M $751.1M
YoY Change 12.37% -3.93%
Cost Of Revenue $659.7M $561.8M
YoY Change 17.43% -3.31%
Gross Profit $184.3M $189.3M
YoY Change -2.63% -5.72%
Gross Profit Margin 21.84% 25.21%
Selling, General & Admin $10.43M $10.00M
YoY Change 4.34% -9.91%
% of Gross Profit 5.66% 5.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.98M $23.10M
YoY Change 3.82% 7.44%
% of Gross Profit 13.01% 12.2%
Operating Expenses $130.7M $118.0M
YoY Change 10.72% -11.71%
Operating Profit $51.17M $56.07M
YoY Change -8.75% 179.45%
Interest Expense $9.744M $9.351M
YoY Change 4.2% -182.75%
% of Operating Profit 19.04% 16.68%
Other Income/Expense, Net $1.413M -$2.861M
YoY Change -149.39% 90.73%
Pretax Income $42.83M $43.86M
YoY Change -2.34% 500.81%
Income Tax $6.570M $5.235M
% Of Pretax Income 15.34% 11.94%
Net Earnings $36.26M $38.62M
YoY Change -6.11% -2636.05%
Net Earnings / Revenue 4.3% 5.14%
Basic Earnings Per Share $0.87 $0.91
Diluted Earnings Per Share $0.85 $0.89
COMMON SHARES
Basic Shares Outstanding 41.91M shares 42.60M shares
Diluted Shares Outstanding 42.50M shares 43.29M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $397.1M $488.7M
YoY Change -18.75% 49.45%
Cash & Equivalents $402.5M $451.8M
Short-Term Investments
Other Short-Term Assets $46.22M $28.49M
YoY Change 62.21% 9.44%
Inventory $715.7M $518.2M
Prepaid Expenses
Receivables $719.4M $603.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.993B $1.691B
YoY Change 17.85% 8.22%
LONG-TERM ASSETS
Property, Plant & Equipment $503.3M $497.1M
YoY Change 1.25% 3.55%
Goodwill $700.6M $705.6M
YoY Change -0.7% 6.27%
Intangibles $396.2M $430.9M
YoY Change -8.05% -5.44%
Long-Term Investments
YoY Change
Other Assets $82.87M $72.72M
YoY Change 13.95% -12.76%
Total Long-Term Assets $1.743B $1.771B
YoY Change -1.58% 1.88%
TOTAL ASSETS
Total Short-Term Assets $1.993B $1.691B
Total Long-Term Assets $1.743B $1.771B
Total Assets $3.737B $3.463B
YoY Change 7.91% 4.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $393.1M $323.9M
YoY Change 21.37% 14.9%
Accrued Expenses $290.0M $318.7M
YoY Change -9.03% 17.29%
Deferred Revenue $27.87M $15.99M
YoY Change 74.27% -7.78%
Short-Term Debt $55.08M $34.15M
YoY Change 61.29% -26.62%
Long-Term Debt Due $33.71M $40.50M
YoY Change -16.78% -13.28%
Total Short-Term Liabilities $738.1M $677.0M
YoY Change 9.03% 12.77%
LONG-TERM LIABILITIES
Long-Term Debt $1.243B $969.6M
YoY Change 28.2% -12.23%
Other Long-Term Liabilities $184.0M $195.8M
YoY Change -6.01% -8.44%
Total Long-Term Liabilities $1.427B $1.165B
YoY Change 22.45% -11.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $738.1M $677.0M
Total Long-Term Liabilities $1.427B $1.165B
Total Liabilities $2.243B $1.919B
YoY Change 16.89% -3.93%
SHAREHOLDERS EQUITY
Retained Earnings $1.784B $1.670B
YoY Change 6.82% 7.24%
Common Stock $557.0K $555.0K
YoY Change 0.36% 0.73%
Preferred Stock
YoY Change
Treasury Stock (at cost) $719.1M $563.5M
YoY Change 27.62% -0.16%
Treasury Stock Shares 14.76M shares 12.80M shares
Shareholders Equity $1.489B $1.540B
YoY Change
Total Liabilities & Shareholders Equity $3.737B $3.463B
YoY Change 7.91% 4.88%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $36.26M $38.62M
YoY Change -6.11% -2636.05%
Depreciation, Depletion And Amortization $23.98M $23.10M
YoY Change 3.82% 7.44%
Cash From Operating Activities -$12.46M $54.80M
YoY Change -122.74% -29.38%
INVESTING ACTIVITIES
Capital Expenditures -$17.73M -$13.80M
YoY Change 28.47% -65.93%
Acquisitions
YoY Change
Other Investing Activities $1.300M $4.800M
YoY Change -72.92%
Cash From Investing Activities -$16.43M -$9.000M
YoY Change 82.54% -77.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.44M 13.20M
YoY Change 69.99% -54.95%
NET CHANGE
Cash From Operating Activities -12.46M 54.80M
Cash From Investing Activities -16.43M -9.000M
Cash From Financing Activities 22.44M 13.20M
Net Change In Cash -6.449M 59.00M
YoY Change -110.93% -11.28%
FREE CASH FLOW
Cash From Operating Activities -$12.46M $54.80M
Capital Expenditures -$17.73M -$13.80M
Free Cash Flow $5.270M $68.60M
YoY Change -92.32% -41.91%

Facts In Submission

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2.54
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.525
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.525
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42393907 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42502460 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43096740 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43103304 shares
CY2022Q1 us-gaap Profit Loss
ProfitLoss
36264000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
38624000 USD
us-gaap Profit Loss
ProfitLoss
115819000 USD
us-gaap Profit Loss
ProfitLoss
109538000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-786000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2718000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
878000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
6531000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-216000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18784000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-269000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-689000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-865000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-18214000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
52901000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-26551000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
113881000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
55888000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-24984000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
121277000 USD
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
17480000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
94512000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
90835000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
230815000 USD
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
56000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
149000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
120000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
301000 USD
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
17424000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
94363000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
90715000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
230514000 USD
us-gaap Profit Loss
ProfitLoss
115819000 USD
us-gaap Profit Loss
ProfitLoss
109538000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
72322000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
70192000 USD
us-gaap Restructuring Costs
RestructuringCosts
3922000 USD
us-gaap Restructuring Costs
RestructuringCosts
7292000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
421000 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
592000 USD
ens Cash Proceeds Settlements Derivatives Operating Activities
CashProceedsSettlementsDerivativesOperatingActivities
342000 USD
ens Cash Proceeds Settlements Derivatives Operating Activities
CashProceedsSettlementsDerivativesOperatingActivities
790000 USD
ens Provision And Recovery For Doubtful Accounts
ProvisionAndRecoveryForDoubtfulAccounts
1933000 USD
ens Provision And Recovery For Doubtful Accounts
ProvisionAndRecoveryForDoubtfulAccounts
270000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-24000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1785000 USD
ens Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
1620000 USD
ens Noncash Interest Expense Accretion And Amortization Of Deferred Finance Fees
NoncashInterestExpenseAccretionAndAmortizationOfDeferredFinanceFees
1554000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
15817000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
16982000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
528000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
4007000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
40264000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-71077000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
163747000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-28069000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
18344000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-15047000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1322000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3012000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-9086000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-40933000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-58233000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
9839000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-480000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-14246000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-78030000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
272099000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
52351000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
53742000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
3268000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-4800000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1433000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
145000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-47650000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48797000 USD
ens Proceeds From Repayments Of Other Short Term Debt
ProceedsFromRepaymentsOfOtherShortTermDebt
-297000 USD
ens Proceeds From Repayments Of Other Short Term Debt
ProceedsFromRepaymentsOfOtherShortTermDebt
-9367000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
424800000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
90000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
39800000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
123000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
161447000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
28194000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2952000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1273000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4818000 USD
ens Proceeds From Stock Plans And Payments Related To Tax Withholding For Share Based Compensation
ProceedsFromStockPlansAndPaymentsRelatedToTaxWithholdingForShareBasedCompensation
9120000 USD
ens Proceeds From Stock Plans And Payments Related To Tax Withholding For Share Based Compensation
ProceedsFromStockPlansAndPaymentsRelatedToTaxWithholdingForShareBasedCompensation
4959000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
114534000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
22187000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
22338000 USD
ens Proceeds From Repayments Of Capital Lease Obligations And Other
ProceedsFromRepaymentsOfCapitalLeaseObligationsAndOther
607000 USD
ens Proceeds From Repayments Of Capital Lease Obligations And Other
ProceedsFromRepaymentsOfCapitalLeaseObligationsAndOther
466000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
76343000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-92574000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5411000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30944000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-54748000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
161672000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
451808000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
326979000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
397060000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
488651000 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
31293000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions take into account historical and forward looking factors that the Company believes are reasonable, including, but not limited to, the potential impacts arising from the coronavirus pandemic including its variants (“COVID-19”) and public and private sector policies and initiatives aimed at reducing its transmission. As the extent and duration of the impacts of COVID-19 remain unclear, the Company’s estimates and assumptions may evolve as conditions change. Actual results could differ significantly from those estimates.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Examples of significant estimates include the allowance for credit losses, the recoverability of property, plant and equipment, the incremental borrowing rate for lease liabilities, the recoverability of intangible assets and other long-lived assets, fair value measurements, including those related to financial instruments, goodwill and intangible assets, valuation allowances on tax assets, pension and postretirement benefit obligations, contingencies and the identification and valuation of assets acquired and liabilities assumed in connection with business combinations.</span></div>
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
144588000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
59599000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
68629000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
12510000 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3850000 USD
CY2022Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1416000 USD
CY2021Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
15992000 USD
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
2072000 USD
CY2022Q1 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
4890000 USD
CY2021Q1 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
6785000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
6722000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
12110000 USD
CY2022Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
50257000 USD
CY2021Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
46451000 USD
CY2022Q1 us-gaap Contract With Customer Right To Recover Product
ContractWithCustomerRightToRecoverProduct
4604000 USD
CY2022Q1 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
8119000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
63699000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
62159000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
20108000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
21774000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
45701000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
42528000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
402000 USD
CY2021Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
573000 USD
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
203000 USD
CY2021Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
236000 USD
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
280000 USD
CY2021Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
435000 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
6649000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
6635000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
19787000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
20316000 USD
CY2022Q1 us-gaap Variable Lease Cost
VariableLeaseCost
2288000 USD
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
1797000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
7215000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
5529000 USD
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1497000 USD
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1610000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
5067000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
5016000 USD
CY2022Q1 ens Finance Lease Right Of Use Asset Depreciation
FinanceLeaseRightOfUseAssetDepreciation
58000 USD
CY2021Q1 ens Finance Lease Right Of Use Asset Depreciation
FinanceLeaseRightOfUseAssetDepreciation
53000 USD
ens Finance Lease Right Of Use Asset Depreciation
FinanceLeaseRightOfUseAssetDepreciation
177000 USD
ens Finance Lease Right Of Use Asset Depreciation
FinanceLeaseRightOfUseAssetDepreciation
141000 USD
CY2022Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6000 USD
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
8000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
21000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
22000 USD
CY2022Q1 us-gaap Lease Cost
LeaseCost
10498000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
10103000 USD
us-gaap Lease Cost
LeaseCost
32267000 USD
us-gaap Lease Cost
LeaseCost
31024000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y6M
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0461
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0516
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y6M
CY2021Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0480
CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0481
CY2022Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
65000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6459000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
214000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
20462000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
155000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14561000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
47000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10125000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
25000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7008000 USD
CY2022Q1 ens Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
0 USD
CY2022Q1 ens Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
16680000 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
506000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
75295000 USD
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
23000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9486000 USD
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
483000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
65809000 USD
CY2022Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
6000 USD
CY2021Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
8000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
21000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
22000 USD
CY2022Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
6775000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
6710000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
20024000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
20370000 USD
CY2022Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
59000 USD
CY2021Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
52000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
179000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
138000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
98000 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 Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
185000 USD
CY2022Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
13987000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2181000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
19577000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
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CY2020Q4 us-gaap Product Warranty Accrual
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CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2021Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
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us-gaap Product Warranty Accrual Warranties Issued
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CY2021Q1 us-gaap Product Warranty Accrual Payments
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CY2021Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
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CY2022Q1 us-gaap Product Warranty Accrual
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CY2021Q1 us-gaap Product Warranty Accrual
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CY2022Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2021Q1 us-gaap Product Warranty Accrual
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CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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CY2020Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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CY2020Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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CY2020Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2718000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
52901000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1531414000 USD
CY2022Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Net Income Loss
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38624000 USD
us-gaap Net Income Loss
NetIncomeLoss
115819000 USD
us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43290403 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43096740 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43103304 shares
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.87
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.91
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.58
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.69
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.54
CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
835192 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
120048 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
429532 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
218642 shares
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
844006000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
751067000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2450294000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2164393000 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
51165000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
56071000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
161759000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
164706000 USD

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