$FIX
COMFORT SYSTEMS USA INC

2019 Q2 Form 10-Q Financial Statement

#000155837019006336 Filed on July 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $650.3M $535.0M
YoY Change 21.54% 14.96%
Cost Of Revenue $530.3M $423.9M
YoY Change 25.11% 14.65%
Gross Profit $120.0M $111.2M
YoY Change 7.94% 16.18%
Gross Profit Margin 18.46% 20.78%
Selling, General & Admin $84.51M $71.21M
YoY Change 18.67% 12.49%
% of Gross Profit 70.41% 64.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.30M $10.60M
YoY Change 34.91% -0.93%
% of Gross Profit 11.92% 9.53%
Operating Expenses $84.51M $71.21M
YoY Change 18.67% 7.08%
Operating Profit $35.70M $40.18M
YoY Change -11.13% 37.59%
Interest Expense $3.050M $736.0K
YoY Change 314.4% -146.0%
% of Operating Profit 8.54% 1.83%
Other Income/Expense, Net -$4.596M $3.169M
YoY Change -245.03%
Pretax Income $31.11M $43.34M
YoY Change -28.23% 56.48%
Income Tax $6.933M $10.80M
% Of Pretax Income 22.29% 24.91%
Net Earnings $24.17M $32.55M
YoY Change -25.73% 80.82%
Net Earnings / Revenue 3.72% 6.08%
Basic Earnings Per Share $0.65 $0.87
Diluted Earnings Per Share $0.65 $0.87
COMMON SHARES
Basic Shares Outstanding 36.94M 37.22M
Diluted Shares Outstanding 37.22M 37.61M

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $36.80M $28.00M
YoY Change 31.43% -18.84%
Cash & Equivalents $36.79M $28.00M
Short-Term Investments
Other Short-Term Assets $7.300M $5.200M
YoY Change 40.38% -7.14%
Inventory $12.73M $12.00M
Prepaid Expenses
Receivables $644.5M $505.1M
Other Receivables $25.30M $11.60M
Total Short-Term Assets $726.6M $561.8M
YoY Change 29.33% 12.99%
LONG-TERM ASSETS
Property, Plant & Equipment $108.3M $91.90M
YoY Change 17.89% 23.36%
Goodwill $332.6M
YoY Change
Intangibles $174.0M
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.304M $22.30M
YoY Change -76.22% -36.29%
Total Long-Term Assets $718.0M $397.4M
YoY Change 80.68% 0.35%
TOTAL ASSETS
Total Short-Term Assets $726.6M $561.8M
Total Long-Term Assets $718.0M $397.4M
Total Assets $1.445B $959.2M
YoY Change 50.6% 7.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $165.1M $145.4M
YoY Change 13.56% 16.98%
Accrued Expenses $134.4M $98.70M
YoY Change 36.17% 4.11%
Deferred Revenue $165.3M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.38M $1.100M
YoY Change 843.64% -8.33%
Total Short-Term Liabilities $527.1M $418.3M
YoY Change 26.0% 11.43%
LONG-TERM LIABILITIES
Long-Term Debt $284.7M $57.90M
YoY Change 391.65% -44.06%
Other Long-Term Liabilities $29.31M $17.20M
YoY Change 70.4% 14.67%
Total Long-Term Liabilities $314.0M $75.10M
YoY Change 318.08% -36.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $527.1M $418.3M
Total Long-Term Liabilities $314.0M $75.10M
Total Liabilities $912.5M $498.2M
YoY Change 83.16% 0.4%
SHAREHOLDERS EQUITY
Retained Earnings $305.7M
YoY Change
Common Stock $320.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $93.95M
YoY Change
Treasury Stock Shares $4.269M
Shareholders Equity $532.1M $461.0M
YoY Change
Total Liabilities & Shareholders Equity $1.445B $959.2M
YoY Change 50.6% 7.39%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $24.17M $32.55M
YoY Change -25.73% 80.82%
Depreciation, Depletion And Amortization $14.30M $10.60M
YoY Change 34.91% -0.93%
Cash From Operating Activities $25.60M $33.60M
YoY Change -23.81% 202.7%
INVESTING ACTIVITIES
Capital Expenditures -$6.900M -$8.500M
YoY Change -18.82% 30.77%
Acquisitions
YoY Change
Other Investing Activities -$194.7M -$6.600M
YoY Change 2850.0% -92.06%
Cash From Investing Activities -$201.5M -$15.20M
YoY Change 1225.66% -83.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 183.6M -15.70M
YoY Change -1269.43% -119.24%
NET CHANGE
Cash From Operating Activities 25.60M 33.60M
Cash From Investing Activities -201.5M -15.20M
Cash From Financing Activities 183.6M -15.70M
Net Change In Cash 7.700M 2.700M
YoY Change 185.19% -10.0%
FREE CASH FLOW
Cash From Operating Activities $25.60M $33.60M
Capital Expenditures -$6.900M -$8.500M
Free Cash Flow $32.50M $42.10M
YoY Change -22.8% 139.2%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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Suite 400
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CY2019Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
781000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2084000
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
6175000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
429138000
CY2018Q2 us-gaap Profit Loss
ProfitLoss
32547000
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1920000
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3506000
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3321000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
515195000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
24173000
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
20000
CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
717000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1685000
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3692000
CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4576000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
532088000
us-gaap Profit Loss
ProfitLoss
44039000
us-gaap Profit Loss
ProfitLoss
49206000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13006000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8753000
us-gaap Depreciation
Depreciation
12013000
us-gaap Depreciation
Depreciation
10969000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
784000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1186000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
458000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
8400000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
191000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
192000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
411000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
411000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1920000
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-59000
us-gaap Share Based Compensation
ShareBasedCompensation
4679000
us-gaap Share Based Compensation
ShareBasedCompensation
4874000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
13081000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
55675000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
197000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1435000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
735000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-4549000
fix Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
3070000
fix Increase Decrease In Contract With Customer Assets
IncreaseDecreaseInContractWithCustomerAssets
18711000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-6875000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-61000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
9470000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2699000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
24831000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4721000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-8682000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
26600000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37518000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15680000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14123000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
632000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
661000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
196298000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13668000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-211346000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-27130000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
307000000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
34000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
111000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
37000000
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
3221000
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
1069000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
844000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
7198000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5760000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7897000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6830000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1498000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1540000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
820000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2159000
fix Deferred Acquisition Payments
DeferredAcquisitionPayments
500000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
593000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2045000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
175913000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18929000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-8833000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-8541000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45620000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36542000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36787000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28001000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">1. Business and Organization</b></p><p style="font-family:'Times New Roman';font-size:12pt;text-indent:36pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman';font-size:10pt;text-indent:36pt;margin:0pt;">Comfort Systems USA, Inc., a Delaware corporation, provides comprehensive mechanical and electrical contracting services, which principally includes heating, ventilation and air conditioning (“HVAC”), plumbing, electrical, piping and controls, as well as off-site construction, monitoring and fire protection. We install, maintain, repair and replace products and systems throughout the United States. The terms “Comfort Systems,” “we,” “us,” or the “Company,” refer to Comfort Systems USA, Inc. or Comfort Systems USA, Inc. and its consolidated subsidiaries, as appropriate in the context.</p><p style="font-family:'Times New Roman';font-size:12pt;text-indent:36pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman';font-size:10pt;padding-left:18pt;text-indent:-18pt;margin:0pt 0pt 0pt 36pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman';font-size:12pt;text-indent:36pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman';font-size:10pt;text-indent:36pt;margin:0pt;">The preparation of financial statements in conformity with generally accepted accounting principles requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities, revenue and expenses and disclosures regarding contingent assets and liabilities. Actual results could differ from those estimates. The most significant estimates used in our financial statements affect revenue and cost recognition for construction contracts, the allowance for doubtful accounts, self-insurance accruals, deferred tax assets, warranty accruals, fair value accounting for acquisitions and the quantification of fair value for reporting units in connection with our goodwill impairment testing. </p><p style="font-family:'Times New Roman';font-size:12pt;margin:0pt;"><span style="font-size:10pt;visibility:hidden;">​</span></p>
us-gaap Revenue Performance Obligation Description Of Payment Terms
RevenuePerformanceObligationDescriptionOfPaymentTerms
We typically invoice our customers with payment terms of net due in 30 days
fix Receivable Due Term
ReceivableDueTerm
P30D
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
650302000
CY2019Q2 fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
535043000
CY2018Q2 fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1188775000
fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
999984000
fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
650302000
CY2019Q2 fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
535043000
CY2018Q2 fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1188775000
fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
999984000
fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
650302000
CY2019Q2 fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
535043000
CY2018Q2 fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1188775000
fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
999984000
fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Payments For Rent
PaymentsForRent
2000000.0
us-gaap Payments For Rent
PaymentsForRent
2200000
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
80633000
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
13185000
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
70095000
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
83280000
CY2018Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
10213000
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
130986000
CY2017Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
30116000
CY2017Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
106005000
us-gaap Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination
6953000
us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
31604000
CY2018 us-gaap Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination
2833000
CY2018 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
8195000
fix Contract With Customer Asset Increase Decrease For Change Due To Conditional Versus Unconditional
ContractWithCustomerAssetIncreaseDecreaseForChangeDueToConditionalVersusUnconditional
8945000
CY2018 fix Contract With Customer Asset Increase Decrease For Change Due To Conditional Versus Unconditional
ContractWithCustomerAssetIncreaseDecreaseForChangeDueToConditionalVersusUnconditional
-6244000
CY2018 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
28980000
us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
2699000
CY2018 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
16786000
CY2019Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
8221000
CY2019Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
165289000
CY2018Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
10213000
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
130986000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
109700000
CY2019Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1500000000
CY2019Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
fix Renewable Service Maintenance Agreements Term
RenewableServiceMaintenanceAgreementsTerm
P1Y
fix Variable Lease And Short Term Lease Cost
VariableLeaseAndShortTermLeaseCost
4200000
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2019Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
6200000
CY2018Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
5800000
us-gaap Operating Lease Expense
OperatingLeaseExpense
11800000
us-gaap Operating Lease Expense
OperatingLeaseExpense
11100000
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y2M12D
CY2019Q2 us-gaap Payments For Rent
PaymentsForRent
700000
CY2018Q2 us-gaap Payments For Rent
PaymentsForRent
1100000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8445000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15319000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
13626000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11504000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
9657000
CY2019Q2 fix Lessee Operating Lease Liability Payments Due After Year Six
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearSix
39846000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
98397000
CY2019Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
15117000
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
83280000
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
6056000
us-gaap Operating Lease Payments
OperatingLeasePayments
11960000
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3544000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3718000
CY2019Q2 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1400000
CY2018Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-2800000
CY2019Q2 fix Life Insurance Contracts Number Of Employees Covered
LifeInsuranceContractsNumberOfEmployeesCovered
60
CY2019Q2 fix Life Insurance Contracts Face Amount
LifeInsuranceContractsFaceAmount
45800000
CY2019Q2 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
3500000
CY2018Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
3300000
CY2019Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
650302000
CY2018Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
632467000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1277136000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1178558000
CY2019Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
32578000
CY2018Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
48737000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
56505000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
65418000
CY2019Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1
CY2019Q2 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
1
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
2600000
CY2018Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2
CY2018Q2 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
3
CY2018Q3 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2
CY2018Q3 fix Number Of Acquisitions Reported As Separate Operations
NumberOfAcquisitionsReportedAsSeparateOperations
1
CY2018Q4 us-gaap Goodwill
Goodwill
235182000
CY2017Q4 us-gaap Goodwill
Goodwill
200584000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
97380000
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
34598000
CY2019Q2 us-gaap Goodwill
Goodwill
332562000
CY2018Q4 us-gaap Goodwill
Goodwill
235182000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37206000
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
221000
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
309000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
226000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
341000
CY2019Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
295047000
CY2018Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
76918000
CY2019Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
10380000
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3279000
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
284667000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
73639000
CY2018Q2 us-gaap Revenues
Revenues
535043000
CY2018Q2 us-gaap Gross Profit
GrossProfit
111183000
us-gaap Revenues
Revenues
1188775000
CY2019Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
36854000
CY2018Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
37246000
CY2019Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
36854000
CY2018Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
37246000
CY2019Q2 fix Effect Of Using Weighted Average Common Shares Outstanding
EffectOfUsingWeightedAverageCommonSharesOutstanding
89000
CY2018Q2 fix Effect Of Using Weighted Average Common Shares Outstanding
EffectOfUsingWeightedAverageCommonSharesOutstanding
-26000
fix Effect Of Using Weighted Average Common Shares Outstanding
EffectOfUsingWeightedAverageCommonSharesOutstanding
79000
fix Effect Of Using Weighted Average Common Shares Outstanding
EffectOfUsingWeightedAverageCommonSharesOutstanding
-40000
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36943000
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37220000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36933000
CY2019Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
59000
CY2018Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
76000
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
69000
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
70000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37223000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37605000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37228000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37617000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
fix Number Of Operating Locations
NumberOfOperatingLocations
36
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2019Q2 us-gaap Revenues
Revenues
650302000
CY2019Q2 us-gaap Gross Profit
GrossProfit
120016000
us-gaap Gross Profit
GrossProfit
226681000
us-gaap Revenues
Revenues
999984000
us-gaap Gross Profit
GrossProfit
200236000

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0001558370-19-006336.txt Edgar Link pending
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