$FIX
COMFORT SYSTEMS USA INC

2022 Q3 Form 10-Q Financial Statement

#000155837022011139 Filed on July 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $1.120B $1.018B $885.2M
YoY Change 34.31% 42.59% 32.17%
Cost Of Revenue $917.8M $843.0M $732.1M
YoY Change 36.03% 43.5% 34.01%
Gross Profit $202.2M $175.0M $153.1M
YoY Change 27.02% 38.38% 24.03%
Gross Profit Margin 18.06% 17.19% 17.3%
Selling, General & Admin $121.2M $118.7M $117.8M
YoY Change 27.19% 35.61% 33.51%
% of Gross Profit 59.93% 67.85% 76.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.79M $20.62M $8.046M
YoY Change 8.0% 31.53% 14.11%
% of Gross Profit 9.79% 11.78% 5.25%
Operating Expenses $121.2M $118.7M $117.8M
YoY Change 27.19% 35.61% 33.51%
Operating Profit $81.44M $56.65M $35.69M
YoY Change 27.04% 43.8% 0.24%
Interest Expense $3.609M $3.026M $2.129M
YoY Change 127.55% 122.5% 42.22%
% of Operating Profit 4.43% 5.34% 5.97%
Other Income/Expense, Net -$7.001M -$3.136M $2.018M
YoY Change 149.23% -192.64% -635.28%
Pretax Income $74.44M $53.52M $37.71M
YoY Change 21.44% 25.09% 7.04%
Income Tax $12.92M $11.27M -$49.05M
% Of Pretax Income 17.36% 21.06% -130.08%
Net Earnings $61.52M $42.25M $86.76M
YoY Change 32.87% 28.15% 227.52%
Net Earnings / Revenue 5.49% 4.15% 9.8%
Basic Earnings Per Share $1.72 $1.17 $2.40
Diluted Earnings Per Share $1.71 $1.17 $2.40
COMMON SHARES
Basic Shares Outstanding 35.78M 35.97M 36.08M
Diluted Shares Outstanding 35.97M 36.07M 36.19M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $71.14M $69.13M $115.6M
YoY Change 5.05% 28.83% 121.91%
Cash & Equivalents $71.14M $69.13M $115.6M
Short-Term Investments
Other Short-Term Assets $27.37M $28.84M $31.37M
YoY Change 137.62% 154.06% 127.34%
Inventory $38.15M $31.25M $24.92M
Prepaid Expenses
Receivables $1.138B $1.038B $894.0M
Other Receivables $83.27M $71.41M $73.68M
Total Short-Term Assets $1.358B $1.238B $1.140B
YoY Change 50.11% 51.11% 49.45%
LONG-TERM ASSETS
Property, Plant & Equipment $138.2M $132.6M $127.7M
YoY Change 19.64% 16.78% 11.02%
Goodwill $611.0M $611.0M $593.9M
YoY Change 15.95% 29.44% 25.63%
Intangibles $285.1M $296.5M $292.0M
YoY Change 6.34% 33.83% 26.73%
Long-Term Investments
YoY Change
Other Assets $12.25M $11.94M $9.623M
YoY Change 38.04% 34.96% 18.22%
Total Long-Term Assets $1.191B $1.201B $1.169B
YoY Change 13.83% 28.42% 22.65%
TOTAL ASSETS
Total Short-Term Assets $1.358B $1.238B $1.140B
Total Long-Term Assets $1.191B $1.201B $1.169B
Total Assets $2.549B $2.440B $2.308B
YoY Change 30.65% 39.01% 34.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $330.3M $294.0M $267.2M
YoY Change 39.72% 41.7% 44.85%
Accrued Expenses $196.3M $179.9M $164.0M
YoY Change 11.96% 0.01% -3.15%
Deferred Revenue $411.9M $386.3M $316.5M
YoY Change 68.43% 51.26% 27.41%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.514M $2.448M $407.0K
YoY Change -57.8% -42.2%
Total Short-Term Liabilities $1.044B $968.2M $857.2M
YoY Change 40.65% 34.21% 23.93%
LONG-TERM LIABILITIES
Long-Term Debt $378.2M $403.2M $412.1M
YoY Change 41.77% 158.01% 139.93%
Other Long-Term Liabilities $59.96M $56.01M $51.95M
YoY Change -25.29% 30.69% 15.48%
Total Long-Term Liabilities $438.1M $459.2M $464.0M
YoY Change 26.26% 130.61% 114.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.044B $968.2M $857.2M
Total Long-Term Liabilities $438.1M $459.2M $464.0M
Total Liabilities $1.598B $1.543B $1.430B
YoY Change 35.5% 53.83% 44.09%
SHAREHOLDERS EQUITY
Retained Earnings $804.6M $748.1M $710.9M
YoY Change 35.03% 35.05% 35.37%
Common Stock $332.1M $331.8M $332.4M
YoY Change 1.6% 1.59% 1.79%
Preferred Stock
YoY Change
Treasury Stock (at cost) $185.6M $183.0M $164.8M
YoY Change 22.91% 42.43% 28.19%
Treasury Stock Shares $5.349M $5.343M $5.170M
Shareholders Equity $951.1M $896.8M $878.4M
YoY Change
Total Liabilities & Shareholders Equity $2.549B $2.440B $2.308B
YoY Change 30.65% 39.01% 34.56%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $61.52M $42.25M $86.76M
YoY Change 32.87% 28.15% 227.52%
Depreciation, Depletion And Amortization $19.79M $20.62M $8.046M
YoY Change 8.0% 31.53% 14.11%
Cash From Operating Activities $61.23M $44.56M $63.73M
YoY Change 43.79% 74.97% -24.71%
INVESTING ACTIVITIES
Capital Expenditures -$14.58M -$11.02M $9.192M
YoY Change 185.73% 84.89% 91.02%
Acquisitions -$3.000K
YoY Change -100.03%
Other Investing Activities -$8.916M -$38.87M -$177.0K
YoY Change -90.47% 323841.67% -98.26%
Cash From Investing Activities -$23.49M -$49.90M -$9.369M
YoY Change -76.18% 735.22% -37.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $14.10M
YoY Change 1492.88%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -35.73M -41.15M 2.479M
YoY Change -150.96% 129.49% -103.42%
NET CHANGE
Cash From Operating Activities 61.23M 44.56M 63.73M
Cash From Investing Activities -23.49M -49.90M -9.369M
Cash From Financing Activities -35.73M -41.15M 2.479M
Net Change In Cash 2.010M -46.49M 56.84M
YoY Change -85.71% -3074.15% -2144.57%
FREE CASH FLOW
Cash From Operating Activities $61.23M $44.56M $63.73M
Capital Expenditures -$14.58M -$11.02M $9.192M
Free Cash Flow $75.81M $55.59M $54.54M
YoY Change 58.97% 76.85% -31.69%

Facts In Submission

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35970000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36403000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36022000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36345000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36073000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36566000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36130000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36533000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
696429000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
26491000
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1405000
CY2021Q1 fix Stock Issued During Period Value Restricted And Performance Stock Award Gross
StockIssuedDuringPeriodValueRestrictedAndPerformanceStockAwardGross
2208000
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
854000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2472000
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.115
CY2021Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
4163000
CY2021Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
885000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
723103000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
32965000
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2044000
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1509000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1749000
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.115
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2162000
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5026000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
752012000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
805666000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
86762000
CY2022Q1 fix Stock Issued During Period Value Restricted And Performance Stock Award Gross
StockIssuedDuringPeriodValueRestrictedAndPerformanceStockAwardGross
3544000
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2605000
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
14097000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Profit Loss
ProfitLoss
42246000
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1848000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1822000
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
18757000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
896845000
us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17749000
us-gaap Depreciation
Depreciation
16295000
us-gaap Depreciation
Depreciation
13925000
fix Change In Right Of Use Assets
ChangeInRightOfUseAssets
10444000
fix Change In Right Of Use Assets
ChangeInRightOfUseAssets
8554000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1116000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5449000
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AmortizationOfFinancingCosts
441000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
267000
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GainLossOnSaleOfPropertyPlantEquipment
706000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
841000
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BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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us-gaap Share Based Compensation
ShareBasedCompensation
6430000
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Increase Decrease In Accounts Receivable
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IncreaseDecreaseInInventories
9432000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5365000
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-839000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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-13037000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1184000
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
2752000
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1105000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
38082000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-10964000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
77718000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
27510000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-8407000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-8674000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
110069000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10762000
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ProceedsFromSaleOfPropertyPlantAndEquipment
1559000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1530000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
39373000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
11742000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1236000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-59265000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20974000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
485000000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
25000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
345000000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
80000000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
120000000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
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us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
7821000
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
8765000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2297000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9699000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8341000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
32854000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3047000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3247000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2363000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3449000
fix Deferred Acquisition Payments
DeferredAcquisitionPayments
50000
fix Deferred Acquisition Payments
DeferredAcquisitionPayments
400000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1807000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
865000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-38674000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-90332000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10353000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1237000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58776000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54896000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69129000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53659000
CY2022Q2 fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
CY2021Q2 us-gaap Revenues
Revenues
713895000
CY2021Q2 fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Revenues
Revenues
1903164000
fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Revenues
Revenues
1383656000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">1. Business and Organization</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';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 build, install, maintain, repair and replace mechanical, electrical and plumbing (“MEP”) 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','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p>
us-gaap Use Of Estimates
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<p style="font-family:'Times New Roman','Times','serif';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','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';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, self-insurance accruals, deferred tax assets, 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','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p>
fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
CY2022Q2 us-gaap Revenues
Revenues
1017948000
CY2022Q2 fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
CY2021Q2 us-gaap Revenues
Revenues
713895000
CY2021Q2 fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Revenues
Revenues
1903164000
fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Revenues
Revenues
1383656000
CY2022Q2 fix Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
60273000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
159297000
CY2022Q1 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
28800000
CY2022Q1 fix Income Tax Examination Interest Income Expense Net
IncomeTaxExaminationInterestIncomeExpenseNet
1600000
CY2022Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1200000
CY2022Q2 us-gaap Revenues
Revenues
1017948000
CY2022Q2 us-gaap Revenues
Revenues
1017948000
CY2022Q2 fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
CY2021Q2 us-gaap Revenues
Revenues
713895000
CY2021Q2 fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Revenues
Revenues
1903164000
fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
us-gaap Revenues
Revenues
1383656000
fix Percentage Of Revenue From Contract With Customer
PercentageOfRevenueFromContractWithCustomer
1.000
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LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
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ContractWithCustomerAssetNet
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CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
18622000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination
2426000
us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination
1160000
CY2021 us-gaap Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination
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CY2021 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
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us-gaap Contract With Customer Receivable Credit Loss Expense Reversal
ContractWithCustomerReceivableCreditLossExpenseReversal
31000
CY2021 us-gaap Contract With Customer Receivable Credit Loss Expense Reversal
ContractWithCustomerReceivableCreditLossExpenseReversal
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fix Contract With Customer Asset Increase Decrease For Change Due To Conditional Versus Unconditional
ContractWithCustomerAssetIncreaseDecreaseForChangeDueToConditionalVersusUnconditional
-16728000
us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
86977000
CY2021 fix Contract With Customer Asset Increase Decrease For Change Due To Conditional Versus Unconditional
ContractWithCustomerAssetIncreaseDecreaseForChangeDueToConditionalVersusUnconditional
927000
CY2021 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
44620000
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
15629000
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
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CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
29900000
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
307380000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
268000000.0
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
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RevenueRemainingPerformanceObligation
2810000000
CY2022Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
fix Renewable Service Maintenance Agreements Term
RenewableServiceMaintenanceAgreementsTerm
P1Y
us-gaap Revenue Practical Expedient Remaining Performance Obligation
RevenuePracticalExpedientRemainingPerformanceObligation
true
CY2022Q2 fix Life Insurance Contracts Number Of Employees Covered
LifeInsuranceContractsNumberOfEmployeesCovered
116
CY2022Q2 fix Life Insurance Contracts Face Amount
LifeInsuranceContractsFaceAmount
80600000
CY2022Q2 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
6500000
CY2021Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
6600000
CY2020Q4 us-gaap Goodwill
Goodwill
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CY2021 us-gaap Goodwill Acquired During Period
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CY2021Q4 us-gaap Goodwill
Goodwill
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us-gaap Goodwill Acquired During Period
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CY2022Q2 us-gaap Goodwill
Goodwill
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CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
22637000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
36252000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
34063000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
31876000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
31032000
CY2022Q2 fix Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
140678000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
296538000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
266000
CY2022Q2 fix Other Debt Long Term And Short Term Combined Amount
OtherDebtLongTermAndShortTermCombinedAmount
240000
CY2022Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
405640000
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
388220000
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
190000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
405640000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
388030000
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
2448000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2788000
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
403192000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
385242000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
433000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
9467000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
10867000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
22229000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2644000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
360000000
CY2022Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
405640000
fix Variable Lease And Short Term Lease Cost
VariableLeaseAndShortTermLeaseCost
8100000
fix Variable Lease And Short Term Lease Cost
VariableLeaseAndShortTermLeaseCost
3600000
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
10800000
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
7100000
us-gaap Operating Lease Expense
OperatingLeaseExpense
21200000
us-gaap Operating Lease Expense
OperatingLeaseExpense
14400000
us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y2M12D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y8M12D
CY2022Q2 us-gaap Payments For Rent
PaymentsForRent
1800000
CY2021Q2 us-gaap Payments For Rent
PaymentsForRent
1300000
us-gaap Payments For Rent
PaymentsForRent
3500000
us-gaap Payments For Rent
PaymentsForRent
2500000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
132681000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
124756000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
21058000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19050000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
113650000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
107701000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
134708000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
126751000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
13357000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
24687000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
22013000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
20987000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
17980000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
134708000
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
6702000
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
5347000
us-gaap Operating Lease Payments
OperatingLeasePayments
13016000
us-gaap Operating Lease Payments
OperatingLeasePayments
10700000
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
13455000
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2927000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
18369000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9359000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
36349000
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35781000
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
36349000
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35781000
CY2022Q2 fix Effect Of Using Weighted Average Common Shares Outstanding
EffectOfUsingWeightedAverageCommonSharesOutstanding
189000
CY2021Q2 fix Effect Of Using Weighted Average Common Shares Outstanding
EffectOfUsingWeightedAverageCommonSharesOutstanding
54000
fix Effect Of Using Weighted Average Common Shares Outstanding
EffectOfUsingWeightedAverageCommonSharesOutstanding
241000
fix Effect Of Using Weighted Average Common Shares Outstanding
EffectOfUsingWeightedAverageCommonSharesOutstanding
-4000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35970000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36403000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36022000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36345000
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
42000
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
97000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
42000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
114000
CY2022Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
61000
CY2021Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
66000
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
66000
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
74000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36073000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36566000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36130000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36533000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q2 us-gaap Revenues
Revenues
1017948000
CY2022Q2 us-gaap Gross Profit
GrossProfit
174992000
CY2021Q2 us-gaap Revenues
Revenues
713895000
CY2021Q2 us-gaap Gross Profit
GrossProfit
126455000
us-gaap Revenues
Revenues
1903164000
us-gaap Gross Profit
GrossProfit
328136000
us-gaap Revenues
Revenues
1383656000
us-gaap Gross Profit
GrossProfit
249924000

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