2024 Q1 Form 10-K Financial Statement

#000003872524000038 Filed on February 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $460.9M $473.0M $2.065B
YoY Change -4.89% -3.36% 1.05%
Cost Of Revenue $297.3M $313.0M $1.368B
YoY Change -7.75% -3.17% 1.17%
Gross Profit $163.6M $160.0M $697.0M
YoY Change 0.81% -3.74% 0.81%
Gross Profit Margin 35.49% 33.83% 33.75%
Selling, General & Admin $115.6M $108.8M $433.5M
YoY Change 5.58% -0.82% 0.32%
% of Gross Profit 70.7% 68.01% 62.19%
Research & Development $17.70M
YoY Change 5.99%
% of Gross Profit 2.54%
Depreciation & Amortization $13.79M $12.68M $52.26M
YoY Change 7.44% -4.73% 3.74%
% of Gross Profit 8.43% 7.92% 7.5%
Operating Expenses $115.6M $108.8M $451.2M
YoY Change 5.58% -0.82% 0.53%
Operating Profit $47.90M $51.18M $262.4M
YoY Change -8.94% -9.4% 2.02%
Interest Expense $1.448M -$5.507M $11.79M
YoY Change -53.99% -21.09% 2.3%
% of Operating Profit 3.02% -10.76% 4.49%
Other Income/Expense, Net $706.0K $1.831M $3.696M
YoY Change 72.62% -542.27% -215.46%
Pretax Income $42.31M $47.15M $242.2M
YoY Change -11.52% -3.43% 2.98%
Income Tax $9.222M $8.322M $47.50M
% Of Pretax Income 21.79% 17.65% 19.61%
Net Earnings $33.00M $38.35M $193.3M
YoY Change -11.53% -6.19% 3.2%
Net Earnings / Revenue 7.16% 8.11% 9.36%
Basic Earnings Per Share $0.71 $4.17
Diluted Earnings Per Share $0.70 $0.82 $4.11
COMMON SHARES
Basic Shares Outstanding 46.04M shares 46.13M shares 46.20M shares
Diluted Shares Outstanding 46.70M shares 46.90M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $65.31M $84.96M $84.96M
YoY Change 25.91% 85.55% 85.55%
Cash & Equivalents $65.31M $84.96M $84.96M
Short-Term Investments
Other Short-Term Assets $41.18M $37.72M $37.72M
YoY Change 5.53% 2.17% 2.17%
Inventory $532.2M $508.7M $508.7M
Prepaid Expenses
Receivables $262.6M $222.4M $222.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $901.4M $853.8M $853.8M
YoY Change -6.89% -0.5% -0.5%
LONG-TERM ASSETS
Property, Plant & Equipment $227.2M $229.7M $286.8M
YoY Change 3.0% 6.78% 8.58%
Goodwill $340.5M $342.4M
YoY Change 3.4% 4.39%
Intangibles $226.7M $230.0M
YoY Change -0.32% -0.54%
Long-Term Investments
YoY Change
Other Assets $6.712M $6.385M $15.14M
YoY Change 18.42% 8.04% 19.35%
Total Long-Term Assets $871.7M $874.3M $874.3M
YoY Change 4.36% 4.57% 4.57%
TOTAL ASSETS
Total Short-Term Assets $901.4M $853.8M $853.8M
Total Long-Term Assets $871.7M $874.3M $874.3M
Total Assets $1.773B $1.728B $1.728B
YoY Change -1.68% 2.0% 2.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $185.5M $152.4M $152.4M
YoY Change -1.32% 9.44% 9.44%
Accrued Expenses $76.40M $100.2M $117.6M
YoY Change -13.87% -16.92% -13.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $24.41M $12.36M $12.36M
YoY Change -86.82% -90.25% -90.25%
Total Short-Term Liabilities $316.2M $287.0M $287.0M
YoY Change -35.04% -29.26% -29.26%
LONG-TERM LIABILITIES
Long-Term Debt $87.41M $88.06M $88.06M
YoY Change -1.53% -1.36% -1.36%
Other Long-Term Liabilities $33.59M $33.91M $113.3M
YoY Change 12.09% 34.53% 14.81%
Total Long-Term Liabilities $33.59M $33.91M $201.3M
YoY Change 12.09% 34.53% 7.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $316.2M $287.0M $287.0M
Total Long-Term Liabilities $33.59M $33.91M $201.3M
Total Liabilities $349.8M $321.0M $521.4M
YoY Change -32.31% -25.53% -16.75%
SHAREHOLDERS EQUITY
Retained Earnings $1.091B $1.079B
YoY Change 11.3% 11.27%
Common Stock $357.4M $349.3M
YoY Change 6.09% 5.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.220B $1.207B $1.207B
YoY Change
Total Liabilities & Shareholders Equity $1.773B $1.728B $1.728B
YoY Change -1.68% 2.0% 2.0%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $33.00M $38.35M $193.3M
YoY Change -11.53% -6.19% 3.2%
Depreciation, Depletion And Amortization $13.79M $12.68M $52.26M
YoY Change 7.44% -4.73% 3.74%
Cash From Operating Activities -$1.362M $117.1M $315.7M
YoY Change -88.67% 23.88% 210.51%
INVESTING ACTIVITIES
Capital Expenditures $9.184M $11.26M $41.42M
YoY Change -3.96% -10.46% -1.16%
Acquisitions $1.151M $34.83M
YoY Change -76.93% 2836.85%
Other Investing Activities -$17.00K -$26.26M -$463.0K
YoY Change -99.66% -6833.08% 5044.44%
Cash From Investing Activities -$10.22M -$37.52M -$74.29M
YoY Change -29.8% 207.89% 72.47%
FINANCING ACTIVITIES
Cash Dividend Paid $12.40M $41.72M
YoY Change 18.73% 12.79%
Common Stock Issuance & Retirement, Net $34.14M
YoY Change -6.8%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$6.343M -51.90M -$192.2M
YoY Change -119.16% -33.22% 296.5%
NET CHANGE
Cash From Operating Activities -$1.362M 117.1M $315.7M
Cash From Investing Activities -$10.22M -37.52M -$74.29M
Cash From Financing Activities -$6.343M -51.90M -$192.2M
Net Change In Cash -$19.65M 27.66M $39.17M
YoY Change -423.01% 499.16% 645.58%
FREE CASH FLOW
Cash From Operating Activities -$1.362M $117.1M $315.7M
Capital Expenditures $9.184M $11.26M $41.42M
Free Cash Flow -$10.55M $105.8M $274.3M
YoY Change -51.14% 29.15% 358.91%

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CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
46067000 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
46193000 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
4607000 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
4619000 usd
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
344717000 usd
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
325426000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1078512000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
969261000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-221114000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-231448000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
1206722000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
1067858000 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
2426000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
2276000 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1209148000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1070134000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1728122000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1694201000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
194734000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
188811000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
154975000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
52260000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
50374000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
44572000 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
18852000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
17406000 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
13808000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
10133000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
10973000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
11731000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1609000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1230000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
126000 usd
CY2023 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
256000 usd
CY2022 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-1285000 usd
CY2021 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
269000 usd
CY2023 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
0 usd
CY2022 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
0 usd
CY2021 us-gaap Business Combination Bargain Purchase Gain Recognized Amount
BusinessCombinationBargainPurchaseGainRecognizedAmount
6482000 usd
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-12124000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-7236000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2269000 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-19150000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
44800000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
31925000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-48176000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
101080000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
123076000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-23085000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-12283000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
89038000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
18874000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
17406000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
13808000 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1524000 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-679000 usd
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-2241000 usd
CY2023 fele Increase Decreasein Tcja Tax Payable
IncreaseDecreaseinTCJATaxPayable
-2902000 usd
CY2022 fele Increase Decreasein Tcja Tax Payable
IncreaseDecreaseinTCJATaxPayable
-355000 usd
CY2021 fele Increase Decreasein Tcja Tax Payable
IncreaseDecreaseinTCJATaxPayable
0 usd
CY2023 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
1458000 usd
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
10200000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
101674000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
129763000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41415000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
41903000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30116000 usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1494000 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
979000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
34831000 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1186000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
235701000 usd
CY2023 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-463000 usd
CY2022 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-9000 usd
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-33000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-74289000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-43074000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
443217000 usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
477558000 usd
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
321299000 usd
CY2023 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
558746000 usd
CY2022 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
448622000 usd
CY2021 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
226583000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9193000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3859000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
15524000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
43332000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
40490000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
25949000 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
41723000 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
36991000 usd
CY2021 us-gaap Payments Of Dividends
PaymentsOfDividends
33398000 usd
CY2023 fele Deferred Payments For Acquisitions
DeferredPaymentsForAcquisitions
802000 usd
CY2022 fele Deferred Payments For Acquisitions
DeferredPaymentsForAcquisitions
3786000 usd
CY2021 fele Deferred Payments For Acquisitions
DeferredPaymentsForAcquisitions
0 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-48472000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
50893000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-10055000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-4874000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6102000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
39173000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5254000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-90251000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45790000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40536000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
130787000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
84963000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45790000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40536000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
55120000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
48335000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
37387000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
12115000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
11209000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
5192000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2229000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
628000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1454000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
25899000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
17599000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
19627000 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
7027000 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
354000 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
4000000 usd
CY2023 fele Payable For Share Repurchases
PayableForShareRepurchases
0 usd
CY2022 fele Payable For Share Repurchases
PayableForShareRepurchases
1083000 usd
CY2021 fele Payable For Share Repurchases
PayableForShareRepurchases
0 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
419000 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 usd
CY2023 fele Cash Dividends Payable To Nci
CashDividendsPayableToNCI
821000 usd
CY2022 fele Cash Dividends Payable To Nci
CashDividendsPayableToNCI
0 usd
CY2021 fele Cash Dividends Payable To Nci
CashDividendsPayableToNCI
0 usd
CY2020Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
-245000 usd
CY2021 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
216000 usd
CY2021 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
10000 usd
CY2021Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
-19000 usd
CY2022 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
622000 usd
CY2022 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
17000 usd
CY2022Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
620000 usd
CY2023 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
527000 usd
CY2023 us-gaap Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
-2000 usd
CY2023Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
1145000 usd
CY2023 us-gaap Fiscal Period
FiscalPeriod
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Fiscal Year</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">--The financial statements and accompanying notes are as of and for the years ended December 31, 2023, December 31, 2022, and December 31, 2021, and referred to as 2023, 2022, and 2021, respectively.</span></div>
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17700000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16700000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17300000 usd
CY2023 us-gaap Depreciation
Depreciation
35100000 usd
CY2022 us-gaap Depreciation
Depreciation
33100000 usd
CY2021 us-gaap Depreciation
Depreciation
30200000 usd
CY2023 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%">Significant Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">--The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting periods. Although the Company regularly assesses these estimates, actual results could materially differ. The Company bases its estimates on historical experience and various other assumptions that it believes to be reasonable under the circumstances.</span></div>
CY2023 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
300000 usd
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
200000 usd
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
900000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
326000000.0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
138900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
311600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
122600000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
368900000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
138900000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
353900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
122600000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17100000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17200000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14400000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
18500000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17700000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
16700000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
15300000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
14700000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
329600000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1200000 usd
CY2022 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
100000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2900000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
328000000.0 usd
CY2023 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
12800000 usd
CY2023 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
100000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1500000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
342400000 usd
CY2023Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.045
CY2021Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.045
CY2022Q4 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Weighted Average Interest Crediting Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationWeightedAverageInterestCreditingRate
0.045
CY2023 fele Defined Benefit Plan Attempted Plan Funded Status Minimum Percentage
DefinedBenefitPlanAttemptedPlanFundedStatusMinimumPercentage
0.80
CY2023Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1
CY2023Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2022Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.062
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.057
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
800000 usd
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
11500000 usd
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
11400000 usd
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
8900000 usd
CY2023Q4 us-gaap Accrued Salaries Current
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CY2021 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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CY2023Q4 fele Line Of Credit Facility Covenant Compliance Minimum Default Trigger.
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CY2023Q4 us-gaap Common Stock Shares Authorized
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CY2023Q4 us-gaap Preferred Stock Shares Authorized
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CY2023Q4 fele Preference Stock Shares Issued
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CY2021 us-gaap Stock Repurchased And Retired During Period Value
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CY2023 us-gaap Stock Repurchased And Retired During Period Shares
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CY2022 us-gaap Stock Repurchased And Retired During Period Shares
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CY2021 us-gaap Stock Repurchased And Retired During Period Shares
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CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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EarningsPerShareDiluted
3.97
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3.25
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100000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2023 us-gaap Allocated Share Based Compensation Expense
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10100000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11000000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5600000 usd
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4700000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
7800000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
3200000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
2100000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2043700000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1661900000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
262400000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
257200000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
189200000 usd
CY2023Q4 us-gaap Assets
Assets
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CY2022Q4 us-gaap Assets
Assets
1694200000 usd
CY2021Q4 us-gaap Assets
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1575200000 usd
CY2023 us-gaap Depreciation
Depreciation
35100000 usd
CY2022 us-gaap Depreciation
Depreciation
33100000 usd
CY2021 us-gaap Depreciation
Depreciation
30200000 usd
CY2023 us-gaap Adjustment For Amortization
AdjustmentForAmortization
17100000 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
17200000 usd
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
14400000 usd
CY2023 fele Capital Expenditures Incurred In Year Paid And Not Paid
CapitalExpendituresIncurredInYearPaidAndNotPaid
43200000 usd
CY2022 fele Capital Expenditures Incurred In Year Paid And Not Paid
CapitalExpendituresIncurredInYearPaidAndNotPaid
41100000 usd
CY2021 fele Capital Expenditures Incurred In Year Paid And Not Paid
CapitalExpendituresIncurredInYearPaidAndNotPaid
30100000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2065100000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2043700000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1661900000 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
865600000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
829300000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
842900000 usd
CY2023 dei Auditor Name
AuditorName
DELOITTE & TOUCHE LLP
CY2023 dei Auditor Location
AuditorLocation
Chicago, Illinois
CY2023 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
11100000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
11200000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
10500000 usd
CY2023 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
11800000 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
10400000 usd
CY2023 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 usd
CY2022 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 usd
CY2023 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
13700000 usd
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
9700000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
9300000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
11200000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
18800000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
17400000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
13600000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
500000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
200000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
600000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M12D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.036
CY2023Q4 fele Lessee Operating Lease Lease Not Yet Commenced Rou Asset
LesseeOperatingLeaseLeaseNotYetCommencedROUAsset
2200000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
61900000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
19500000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15300000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11300000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7800000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4500000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
3500000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6000000.0 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
55900000 usd
CY2023 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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