2010 Q4 Form 10-K Financial Statement

#000119312512026988 Filed on January 27, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2010 Q3 2010 Q2
Revenue $360.2M $338.6M $347.9M
YoY Change 5.46% 7.37% 16.28%
Cost Of Revenue $258.1M $242.3M $246.8M
YoY Change 9.78% 12.74% 17.64%
Gross Profit $102.1M $96.27M $101.1M
YoY Change -4.11% -4.12% 13.1%
Gross Profit Margin 28.35% 28.44% 29.06%
Selling, General & Admin $72.51M $73.58M $75.29M
YoY Change 1.13% 7.7% 22.43%
% of Gross Profit 71.01% 76.43% 74.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.100M $10.10M $10.20M
YoY Change -39.1% -9.82% -7.27%
% of Gross Profit 7.93% 10.49% 10.09%
Operating Expenses $72.51M $73.58M $75.29M
YoY Change 1.13% 7.7% 22.43%
Operating Profit $29.61M $22.69M $1.340M
YoY Change -14.92% 22.73% -95.2%
Interest Expense -$2.800M -$2.700M -$3.000M
YoY Change 86.67% 58.82% 36.36%
% of Operating Profit -9.46% -11.9% -223.88%
Other Income/Expense, Net $300.0K $1.000M $1.300M
YoY Change -250.0% -94.59% -200.0%
Pretax Income $27.10M $21.06M $15.33M
YoY Change -18.37% -56.93% -37.18%
Income Tax $8.200M $4.071M $6.022M
% Of Pretax Income 30.26% 19.33% 39.29%
Net Earnings $21.94M $18.98M $11.01M
YoY Change -10.83% -46.41% -37.44%
Net Earnings / Revenue 6.09% 5.61% 3.16%
Basic Earnings Per Share $0.45 $0.39 $0.23
Diluted Earnings Per Share $0.44 $0.38 $0.22
COMMON SHARES
Basic Shares Outstanding 48.74M shares 48.60M shares 48.57M shares
Diluted Shares Outstanding 49.74M shares 49.59M shares 49.61M shares

Balance Sheet

Concept 2010 Q4 2010 Q3 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $133.3M $140.7M $161.1M
YoY Change 33.03% -21.88% 38.76%
Cash & Equivalents $154.6M $140.7M $161.1M
Short-Term Investments
Other Short-Term Assets $57.70M $53.32M $50.40M
YoY Change 9.49% -13.58% -1.95%
Inventory $121.6M $148.5M $130.0M
Prepaid Expenses
Receivables $221.0M $209.4M $203.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $533.6M $551.9M $545.4M
YoY Change 12.66% 1.37% 15.53%
LONG-TERM ASSETS
Property, Plant & Equipment $237.6M $246.9M $238.6M
YoY Change -6.18% -2.49% -6.76%
Goodwill $109.0M $106.3M
YoY Change 5.05%
Intangibles $131.5M $133.8M
YoY Change -6.86%
Long-Term Investments $36.34M
YoY Change
Other Assets $128.3M $139.7M $133.2M
YoY Change -0.22% 27.49% 12.12%
Total Long-Term Assets $619.8M $626.7M $586.5M
YoY Change -1.11% 3.39% -5.37%
TOTAL ASSETS
Total Short-Term Assets $533.6M $551.9M $545.4M
Total Long-Term Assets $619.8M $626.7M $586.5M
Total Assets $1.153B $1.179B $1.132B
YoY Change 4.82% 2.43% 3.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $102.1M $119.0M $117.5M
YoY Change -6.47% 23.67% 35.06%
Accrued Expenses $28.91M $24.64M $60.20M
YoY Change 13.69% -57.88% 24.38%
Deferred Revenue
YoY Change
Short-Term Debt $27.20M $25.70M $13.40M
YoY Change 212.64% 115.97% -4.29%
Long-Term Debt Due $22.50M $22.50M $41.90M
YoY Change -47.18% -39.19% 13.24%
Total Short-Term Liabilities $231.3M $234.9M $236.0M
YoY Change -1.98% 10.95% 21.9%
LONG-TERM LIABILITIES
Long-Term Debt $201.0M $251.1M $237.1M
YoY Change 23.53% 28.77% 30.27%
Other Long-Term Liabilities $43.97M $51.47M $91.10M
YoY Change -22.59% -48.11% -17.41%
Total Long-Term Liabilities $244.9M $51.47M $328.2M
YoY Change 331.26% -82.51% 12.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $231.3M $234.9M $236.0M
Total Long-Term Liabilities $244.9M $51.47M $328.2M
Total Liabilities $519.1M $579.1M $567.2M
YoY Change 2.54% 13.84% 16.06%
SHAREHOLDERS EQUITY
Retained Earnings $646.6M $628.1M
YoY Change 9.69%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $631.9M $596.7M $564.8M
YoY Change
Total Liabilities & Shareholders Equity $1.153B $1.179B $1.132B
YoY Change 4.82% 2.43% 3.66%

Cashflow Statement

Concept 2010 Q4 2010 Q3 2010 Q2
OPERATING ACTIVITIES
Net Income $21.94M $18.98M $11.01M
YoY Change -10.83% -46.41% -37.44%
Depreciation, Depletion And Amortization $8.100M $10.10M $10.20M
YoY Change -39.1% -9.82% -7.27%
Cash From Operating Activities $44.00M $10.90M $15.20M
YoY Change -195.86% -81.59% -72.81%
INVESTING ACTIVITIES
Capital Expenditures -$7.300M -$9.000M -$6.000M
YoY Change -2.67% 83.67% 11.11%
Acquisitions
YoY Change
Other Investing Activities -$1.700M -$26.80M $2.800M
YoY Change -288.89% -26900.0% -166.67%
Cash From Investing Activities -$8.900M -$35.80M -$3.300M
YoY Change 34.85% 630.61% -65.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -48.10M 1.000M 8.000M
YoY Change 46.65% -87.5% -165.04%
NET CHANGE
Cash From Operating Activities 44.00M 10.90M 15.20M
Cash From Investing Activities -8.900M -35.80M -3.300M
Cash From Financing Activities -48.10M 1.000M 8.000M
Net Change In Cash -13.00M -23.90M 19.90M
YoY Change -84.76% -138.36% -41.64%
FREE CASH FLOW
Cash From Operating Activities $44.00M $10.90M $15.20M
Capital Expenditures -$7.300M -$9.000M -$6.000M
Free Cash Flow $51.30M $19.90M $21.20M
YoY Change -233.59% -68.95% -65.42%

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CY2009 us-gaap Other Comprehensive Income Defined Benefit Plans Tax
OtherComprehensiveIncomeDefinedBenefitPlansTax
49605000 USD
CY2009 ful Effect On Retained Earnings Accumulated Deficit Due To Change In Measurement Date
EffectOnRetainedEarningsAccumulatedDeficitDueToChangeInMeasurementDate
116000 USD
CY2011 us-gaap Depreciation
Depreciation
31054000 USD
CY2011 us-gaap Adjustment For Amortization
AdjustmentForAmortization
10162000 USD
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5405000 USD
CY2011 us-gaap Share Based Compensation
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7741000 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1140000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
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21862000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12955000 USD
CY2011 us-gaap Increase Decrease In Operating Assets
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-4831000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable Trade
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13329000 USD
CY2011 ful Increase Decrease In Accrued Compensation
IncreaseDecreaseInAccruedCompensation
-2720000 USD
CY2011 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
2161000 USD
CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
6495000 USD
CY2011 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-5325000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
102497000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36032000 USD
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6000000 USD
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3313000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-38719000 USD
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
218000000 USD
CY2011 us-gaap Repayments Of Long Term Debt
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240500000 USD
CY2011 us-gaap Proceeds From Repayments Of Notes Payable
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1081000 USD
CY2011 us-gaap Payments Of Dividends Common Stock
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14550000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
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7697000 USD
CY2011 ful Reclass Excess Tax Benefit From Sharebased Compensation
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1140000 USD
CY2011 us-gaap Payments For Repurchase Of Common Stock
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8510000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
16607000 USD
CY2010 us-gaap Income Taxes Paid
IncomeTaxesPaid
13768000 USD
CY2010 us-gaap Interest Paid
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12095000 USD
CY2010 ful Dividends Paid With Company Stock
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108000 USD
CY2010 ful Net Change In Cash And Cash Equivalents From Continuing Operations
NetChangeInCashAndCashEquivalentsFromContinuingOperations
33123000 USD
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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-5278000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
24399000 USD
CY2010 us-gaap Payments For Repurchase Of Common Stock
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377000 USD
CY2010 ful Reclass Excess Tax Benefit From Sharebased Compensation
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509000 USD
CY2010 us-gaap Proceeds From Stock Options Exercised
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3950000 USD
CY2010 us-gaap Payments Of Dividends Common Stock
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13624000 USD
CY2010 us-gaap Proceeds From Repayments Of Notes Payable
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18566000 USD
CY2010 us-gaap Repayments Of Long Term Debt
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329625000 USD
CY2010 us-gaap Proceeds From Issuance Of Long Term Debt
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345000000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-60066000 USD
CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3417000 USD
CY2010 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
27573000 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35910000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
74068000 USD
CY2010 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-12462000 USD
CY2010 us-gaap Increase Decrease In Accrued Income Taxes Payable
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1764000 USD
CY2010 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
3696000 USD
CY2010 ful Increase Decrease In Accrued Compensation
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2626000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-8762000 USD
CY2010 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
5831000 USD
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5190000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
17461000 USD
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
509000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
6405000 USD
CY2010 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
9343000 USD
CY2010 us-gaap Adjustment For Amortization
AdjustmentForAmortization
10839000 USD
CY2010 us-gaap Depreciation
Depreciation
30361000 USD
CY2009 us-gaap Depreciation
Depreciation
34709000 USD
CY2009 us-gaap Adjustment For Amortization
AdjustmentForAmortization
12038000 USD
CY2009 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
33994000 USD
CY2009 us-gaap Share Based Compensation
ShareBasedCompensation
5668000 USD
CY2009 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
201000 USD
CY2009 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-15691000 USD
CY2009 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-35686000 USD
CY2009 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-15948000 USD
CY2009 us-gaap Increase Decrease In Accounts Payable Trade
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-31863000 USD
CY2009 ful Increase Decrease In Accrued Compensation
IncreaseDecreaseInAccruedCompensation
17706000 USD
CY2009 us-gaap Increase Decrease In Other Accrued Liabilities
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-744000 USD
CY2009 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-14455000 USD
CY2009 us-gaap Increase Decrease In Other Operating Liabilities
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-3780000 USD
CY2009 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2009 us-gaap Payments To Acquire Property Plant And Equipment
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22738000 USD
CY2009 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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4175000 USD
CY2009 us-gaap Proceeds From Sale Of Property Plant And Equipment
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1109000 USD
CY2009 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-25804000 USD
CY2009 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
365338000 USD
CY2009 us-gaap Repayments Of Long Term Debt
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389000000 USD
CY2009 us-gaap Proceeds From Repayments Of Notes Payable
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-2934000 USD
CY2009 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
13124000 USD
CY2009 us-gaap Proceeds From Stock Options Exercised
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836000 USD
CY2009 ful Reclass Excess Tax Benefit From Sharebased Compensation
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201000 USD
CY2009 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
362000 USD
CY2009 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-39045000 USD
CY2009 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
13223000 USD
CY2009 ful Net Change In Cash And Cash Equivalents From Continuing Operations
NetChangeInCashAndCashEquivalentsFromContinuingOperations
19784000 USD
CY2009 ful Dividends Paid With Company Stock
DividendsPaidWithCompanyStock
116000 USD
CY2009 us-gaap Interest Paid
InterestPaid
9166000 USD
CY2009 us-gaap Income Taxes Paid
IncomeTaxesPaid
9259000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100154000 USD
CY2008Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
80370000 USD
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OtherOperatingActivitiesCashFlowStatement
-1432000 USD
CY2010 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-4949000 USD
CY2009 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
15152000 USD
CY2011 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1425000 USD
CY2010 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2009 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
CY2011 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
8600000 USD
CY2010 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 USD
CY2009 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 USD
CY2009 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
143913000 USD
CY2009 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
1092000 USD
CY2011 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-1769000 USD
CY2011 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
11851000 USD
CY2010 us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
8102000 USD
CY2011 us-gaap Use Of Estimates
UseOfEstimates
<p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Use of Estimates:</font><font style="font-family:Times New Roman;font-size:10pt;"> Preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires </font><font style="font-family:Times New Roman;font-size:10pt;">us </font><font style="font-family:Times New Roman;font-size:10pt;">to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</font></p><p style='margin-top:0pt; margin-bottom:12pt'>&#160;</p>
CY2011 us-gaap Revenue Recognition Sales Of Goods
RevenueRecognitionSalesOfGoods
<p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Revenue Recognition:</font><font style="font-family:Times New Roman;font-size:10pt;"> For shipments made to customers, title generally passes to the customer when all requirements of the sales arrangement have been completed, which is generally at the time of delivery. Revenue from product sales is recorded when title to the product transfers, no remaining performance obligations exist, the terms of the sale are fixed and collection is probable. Shipping terms include both FOB shipping point and FOB destination. Stated terms in sale agreements also include payment terms and freight terms. Net revenues include shipping revenues as appropriate.</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">Provisions for sales returns are estimated based on historical experience, and </font><font style="font-family:Times New Roman;font-size:10pt;">are </font><font style="font-family:Times New Roman;font-size:10pt;">adjusted for known returns, if material. Customer incentive programs (primarily volume purchase rebates) and arrangements such as cooperative advertising, slotting fees and buy-downs are recorded as a reduction of net revenue in accordance with </font><font style="font-family:Times New Roman;font-size:10pt;">FASB </font><font style="font-family:Times New Roman;font-size:10pt;">Accounting Standard Codification (&#8220;ASC&#8221;) 605-50</font><font style="font-family:Times New Roman;font-size:10pt;">, &#8220;</font><font style="font-family:Times New Roman;font-size:10pt;">Customer Payments and Incentives</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;. Rebates recorded in the consolidated statements of income </font><font style="font-family:Times New Roman;font-size:10pt;">were </font><font style="font-family:Times New Roman;font-size:10pt;">$17,427</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">$</font><font style="font-family:Times New Roman;font-size:10pt;">20,016</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">$17,377</font><font style="font-family:Times New Roman;font-size:10pt;"> in </font><font style="font-family:Times New Roman;font-size:10pt;">2011, 2010 and 2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively. </font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">For certain products, consigned inventory is maintained at customer locations. For these products, revenue is recognized in the period that the inventory is consumed. Sales to distributors also require</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">a distribution agreement or purchase order. As a normal practice, distributors do not have a right of return.</font></p><p style='margin-top:0pt; margin-bottom:12pt'>&#160;</p>
CY2010 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
15100000 USD
CY2011 us-gaap Nature Of Operations
NatureOfOperations
<p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Nature of Business:</font><font style="font-family:Times New Roman;font-size:10pt;"> H.B. Fuller Company and its subsidiaries </font><font style="font-family:Times New Roman;font-size:10pt;">formulate, </font><font style="font-family:Times New Roman;font-size:10pt;">manufacture and market adhesives</font><font style="font-family:Times New Roman;font-size:10pt;">, sealants, paints</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">other </font><font style="font-family:Times New Roman;font-size:10pt;">specialty chemical products globally, with sales operations in </font><font style="font-family:Times New Roman;font-size:10pt;">40</font><font style="font-family:Times New Roman;font-size:10pt;"> countries in North America, Europe, Latin America, the Asia Pacific region, the Middle East and Africa. </font><font style="font-family:Times New Roman;font-size:10pt;">Our </font><font style="font-family:Times New Roman;font-size:10pt;">business is reported in </font><font style="font-family:Times New Roman;font-size:10pt;">six</font><font style="font-family:Times New Roman;font-size:10pt;"> operating segments: North America</font><font style="font-family:Times New Roman;font-size:10pt;"> Adhesives, Construction Products</font><font style="font-family:Times New Roman;font-size:10pt;">, E</font><font style="font-family:Times New Roman;font-size:10pt;">I</font><font style="font-family:Times New Roman;font-size:10pt;">MEA (Europe, </font><font style="font-family:Times New Roman;font-size:10pt;">India, </font><font style="font-family:Times New Roman;font-size:10pt;">Middle East and Africa)</font><font style="font-family:Times New Roman;font-size:10pt;">, Latin America</font><font style="font-family:Times New Roman;font-size:10pt;"> Adhesives, Latin America Paints</font><font style="font-family:Times New Roman;font-size:10pt;"> and Asia Pacific. </font><font style="font-family:Times New Roman;font-size:10pt;">Of the 2011 net revenue, </font><font style="font-family:Times New Roman;font-size:10pt;">North America </font><font style="font-family:Times New Roman;font-size:10pt;">Adhesives operating </font><font style="font-family:Times New Roman;font-size:10pt;">segment accounted for </font><font style="font-family:Times New Roman;font-size:10pt;">32</font><font style="font-family:Times New Roman;font-size:10pt;"> percent</font><font style="font-family:Times New Roman;font-size:10pt;">, Construction Products 9 percent, </font><font style="font-family:Times New Roman;font-size:10pt;">E</font><font style="font-family:Times New Roman;font-size:10pt;">I</font><font style="font-family:Times New Roman;font-size:10pt;">MEA</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">30 </font><font style="font-family:Times New Roman;font-size:10pt;">percent</font><font style="font-family:Times New Roman;font-size:10pt;">, Latin America </font><font style="font-family:Times New Roman;font-size:10pt;">Adhesives 9 percent, Latin America Paints 7 percent </font><font style="font-family:Times New Roman;font-size:10pt;">and Asia Pacific </font><font style="font-family:Times New Roman;font-size:10pt;">13</font><font style="font-family:Times New Roman;font-size:10pt;"> percent.</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The </font><font style="font-family:Times New Roman;font-size:10pt;">North America Adhesives, EIMEA, Latin America Adhesives and Asia Pacific </font><font style="font-family:Times New Roman;font-size:10pt;">operating segments produce and supply industrial and performance adhesives products for applications in various markets, including assembly (</font><font style="font-family:Times New Roman;font-size:10pt;">appliances, filters, construction</font><font style="font-family:Times New Roman;font-size:10pt;">, etc.), </font><font style="font-family:Times New Roman;font-size:10pt;">packaging (food and beverage containers, consumer goods, durable and non-durable goods, etc.), </font><font style="font-family:Times New Roman;font-size:10pt;">converting (corrugat</font><font style="font-family:Times New Roman;font-size:10pt;">ion, </font><font style="font-family:Times New Roman;font-size:10pt;">tape and label, </font><font style="font-family:Times New Roman;font-size:10pt;">paper converting, multi-wall bags and sacks, etc.</font><font style="font-family:Times New Roman;font-size:10pt;">), nonwoven</font><font style="font-family:Times New Roman;font-size:10pt;"> and hygiene </font><font style="font-family:Times New Roman;font-size:10pt;">(disposable diapers, feminine care</font><font style="font-family:Times New Roman;font-size:10pt;">, medical garments, tissue and towel, etc.</font><font style="font-family:Times New Roman;font-size:10pt;">),</font><font style="font-family:Times New Roman;font-size:10pt;"> performance wood (windows, doors, wood flooring, etc.), textile (footwear, sportswear, etc.), flexible packaging, graphic arts and envelope.</font></p><p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">T</font><font style="font-family:Times New Roman;font-size:10pt;">he </font><font style="font-family:Times New Roman;font-size:10pt;">Consumer Products </font><font style="font-family:Times New Roman;font-size:10pt;">operating segment </font><font style="font-family:Times New Roman;font-size:10pt;">includes products used for tile setting (adhesives, grouts, mortars, sealers, levelers, etc.) and HVAC and insulation applications (duct sealants, weather barriers and fungicidal coatings, block fillers, etc.). </font><font style="font-family:Times New Roman;font-size:10pt;">The Latin America </font><font style="font-family:Times New Roman;font-size:10pt;">Paints </font><font style="font-family:Times New Roman;font-size:10pt;">operating segment produces and supplies </font><font style="font-family:Times New Roman;font-size:10pt;">liquid </font><font style="font-family:Times New Roman;font-size:10pt;">paint through a variety of distribution channels in Central America.</font></p>
CY2010 ful Equivalent Shares From Share Based Compensations Plans
EquivalentSharesFromShareBasedCompensationsPlans
1009000 shares
CY2011 ful Equivalent Shares From Share Based Compensations Plans
EquivalentSharesFromShareBasedCompensationsPlans
875000 shares
CY2009 ful Equivalent Shares From Share Based Compensations Plans
EquivalentSharesFromShareBasedCompensationsPlans
792000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48991000 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48599000 shares
CY2009 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48325000 shares
CY2009 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49117000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49866000 shares
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49608000 shares
CY2011 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<p style='margin-top:0pt; margin-bottom:12pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">Recently </font><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Adopted Accounting Pronouncements: </font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On November 30, 2008, the beginning of our fiscal 2009, we adopted ASC 815-10-50, &#8220;Disclosures about Derivative Instruments and Hedging Activities&#8221; which required additional quantitative disclosures and qualitative disclosures for derivative instruments. The required disclosures include how derivative instruments and related hedged items affect an entity's financial position, financial performance, and cash flows; relative volume of derivative activity; the objectives and strategies for using derivative instruments; the accounting treatment for those derivative instruments formally designated as the hedging instrument in a hedge relationship; and the existence and nature of credit-related contingent features for derivatives. The adoption of this accounting standard did not have a material impact on our financial condition, results of operations or cash flows. </font><font style="font-family:Times New Roman;font-size:10pt;">See </font><font style="font-family:Times New Roman;font-size:10pt;">Note 11</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">to the Consolidated Financial Statements </font><font style="font-family:Times New Roman;font-size:10pt;">for further information.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On November 28, 2009, the end of our fiscal 2009, we adopted the measurement provisions of ASC 715, &#8220;Employers' Accounting for Defined Benefit Pension and Other Retirement Plans&#8221;. The measurement provisions required us to change the measurement date of our plan's assets and obligations that determine our funded status, to our fiscal year end date. As a result of changing our measurement date, there were adjustments to retained earnings and accumulated other comprehensive income which we elected to make in the fourth quarter of 2009. See Note 10</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">to the Consolidated Financial Statements</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">for further information.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On November 29, 2009, the beginning of our fiscal 2010, we adopted the new standards codified within ASC 805, &#8220;Business Combinations&#8221; which establishes principles and requirements for how an acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, any non-controlling interest in the acquiree and the goodwill acquired. The standard establishes disclosure requirements that will enable users to evaluate the nature and financial effects of the business combination. The standard also addresses application issues on initial recognition and measurement, subsequent measurement and accounting, and disclosure of assets and liabilities arising from contingencies in a business combination. With the adoption of this standard, our accounting for business combinations has changed on a prospective basis for business combinations completed after November 29, 2009.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On November 29, 2009, the beginning of our fiscal 2010, we adopted the new requirements of ASC 810, &#8220;Consolidation&#8221; which establishes the accounting for and reporting of non-controlling interests in partially owned consolidated subsidiaries and the loss of control of subsidiaries. The standard requires that non-controlling interests (previously referred to as minority interests) be included in the consolidated balance sheets within equity separate from the parent's equity and consolidated net income be reported at amounts inclusive of both the parent's and the non-controlling interests shares, with disclosure on the face of the consolidated statements of earnings of the amounts attributable to the parent and to the non-controlling interests. In addition, changes in a parent's ownership should be treated as an equity transaction and if a subsidiary is deconsolidated, any retained non-controlling interests in the former subsidiary should be measured at fair value with gain or loss recognized in net earnings. These provisions are to be applied prospectively, except for the presentation and disclosure requirements, which are to be applied retrospectively to all periods presented. Other than the change in presentation of non-controlling interests, this adoption did not have a material impact on our consolidated financial statements. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On November 29, 2009, the beginning of our fiscal 2010, we adopted </font><font style="font-family:Times New Roman;font-size:10pt;">ASC 350 &#8220;Intangibles &#8211; Goodwill and Other&#8221; which amends the factors that should be considered in developing renewal or extension assumptions used to determine the useful life of a recognized intangible asset. The objective is to improve the consistency between the useful life of a recognized intangible asset and the period of expected cash flows used to measure the fair value of the asset under accounting standards. This standard applies to all intangible assets, whether acquired in a business combination or otherwise. The standard has been applied prospectively to intangible assets acquired after November 29, 2009. </font></p><p style='margin-top:9pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On November 27, 2010, the end of our fiscal 2010, we adopted the new accounting standards in ASC 715, &#8220;Compensation &#8211; Retirement Benefits&#8221; regarding a company's disclosures about postretirement benefit plan assets.</font><font style="font-family:Times New Roman;font-size:10pt;"> This standard provides guidance on disclosures about plan assets of a defined benefit pension or other postretirement plan. These new disclosures will provide users of the financial statements with an understanding of how investment allocation decisions are made, the major categories of plan assets, the input and valuation techniques used to measure the fair value of plan assets, the effects of fair value measurements and the significant concentrations of risk in regard to the plan assets. See </font><font style="font-family:Times New Roman;font-size:10pt;">Note 10 </font><font style="font-family:Times New Roman;font-size:10pt;">to the Consolidated Financial Statements</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">for further information.</font><font style="font-family:Times New Roman;font-size:10pt;"> </font></p><p style='margin-top:9pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">On November 28, 2010, the beginning of our fiscal 2011, we adopted the new guidance in ASC Topic 605, &#8220;Revenue Recognition&#8221;, relating to the accounting for revenue arrangements involving multiple deliverables. The updates require companies to allocate revenue in arrangements involving multiple deliverables based on the estimated selling price of each deliverable, even though such deliverables are not sold separately either by the company itself or other vendors. This guidance eliminates the requirement that all undelivered elements must have objective and reliable evidence of fair value before a company can recognize the portion of the overall arrangement fee that is attributable to items that already have been delivered. The adoption of this standard did not impact our consolidated financial statements.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0px;">New Accounting Pronouncements:</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In May 2011, the FASB issued ASU No. 2011</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">04, &#8220;Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS&#8221;. This ASU does not extend the use of fair value but, provide</font><font style="font-family:Times New Roman;font-size:10pt;">s</font><font style="font-family:Times New Roman;font-size:10pt;"> guidance about how fair value should be applied where it already is required or permitted under U.S. GAAP or IFRS. For U.S. GAAP, most of the changes are clarifications of existing guidance or wording changes to align with IFRS 13. The amendments are effective for interim and annual periods beginning after December 15, 2011, which is the second quarter of our fiscal year 2012, and are applied prospectively. We do not expect the adoption of these amendments to have a material effect on our consolidated financial statements.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In June&#160;2011, the FASB issued ASU No.&#160;2011-05, &#8220;</font><font style="font-family:Times New Roman;font-size:10pt;">Presentation of Comprehensive Income</font><font style="font-family:Times New Roman;font-size:10pt;font-style:italic;">.</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221; </font><font style="font-family:Times New Roman;font-size:10pt;">These updates require entities to present items of net income and other comprehensive income either in a single continuous statement, or in separate, but consecutive, statements of net income and other comprehensive income. The new requirements do not change which components of comprehensive income are recognized in net income or other comprehensive income, or when an item of other comprehensive income must be reclassified to net income. However, the current option under existing standards to report other comprehensive income and its components in the statement of changes in equity is eliminated. In addition, the previous option to disclose reclassification adjustments in the notes to the financial statements is also eliminated, as reclassification adjustments will be required to be shown on the face of the statement under the new standard. The updates are effective for </font><font style="font-family:Times New Roman;font-size:10pt;">fiscal years, and interim periods within</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">those years, beginning after December 15, 2011</font><font style="font-family:Times New Roman;font-size:10pt;"> which is our fiscal year 2013</font><font style="font-family:Times New Roman;font-size:10pt;">. </font><font style="font-family:Times New Roman;font-size:10pt;"> Since this standard impacts disclosure requirements only, its adoption will not have a material impact on our consolidated results of operations or financial condition. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">In September 2011, the FASB issued ASU No. 2011</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">08, &#8220;Testing Goodwill for Impairment&#8221; which amended the guidance on goodwill impairment testing to allow companies to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. If, as a result of the qualitative assessment, an entity determines that it is more</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">likely</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">than</font><font style="font-family:Times New Roman;font-size:10pt;">-</font><font style="font-family:Times New Roman;font-size:10pt;">not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required. Otherwise, no further testing is required. The amendment is effective for fiscal years beginning after December 15, 2011, which is our fiscal year 2013, but early adoption is permitted. The adoption of this amendment </font><font style="font-family:Times New Roman;font-size:10pt;">had no </font><font style="font-family:Times New Roman;font-size:10pt;">impact our consolidated financial statements.</font></p>
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Rebates
20016000 USD
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CY2009 us-gaap Interest Costs Capitalized
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CY2010Q4 us-gaap Postemployment Benefits Liability Noncurrent
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CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2009 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2009 ful Share Repurchase Program Number Of Shares Repurchased
ShareRepurchaseProgramNumberOfSharesRepurchased
24808 shares
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ShareRepurchaseProgramNumberOfSharesRepurchased
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ShareRepurchaseProgramNumberOfSharesRepurchased
17804 shares
CY2011Q4 us-gaap Percentage Of Lifo Inventory
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0.22 pure
CY2011Q4 us-gaap Cost Method Investments
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CostMethodInvestments
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CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Maximum Employee Subscription Rate
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Definedcontributionplanemployermatchpercentage
0.04 pure
CY2011 ful Defined Contribution Plan Annual Retirement Percentage
DefinedContributionPlanAnnualRetirementPercentage
0.03 pure
CY2011 us-gaap Defined Contribution Plan Cost Recognized
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CY2010 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3602000 USD
CY2009 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3106000 USD
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AllocatedShareBasedCompensationExpense
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AllocatedShareBasedCompensationExpense
7741000 USD
CY2010 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6405000 USD
CY2010 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
509000 USD
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
1140000 USD
CY2009 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
201000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Income Tax Deficiency From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalIncomeTaxDeficiencyFromShareBasedCompensation
11572000 USD
CY2011 ful Fair Value Options Granted During Period Value Sharebased Compensation
FairValueOptionsGrantedDuringPeriodValueSharebasedCompensation
4878000 USD
CY2010 ful Fair Value Options Granted During Period Value Sharebased Compensation
FairValueOptionsGrantedDuringPeriodValueSharebasedCompensation
5327000 USD
CY2009 ful Fair Value Options Granted During Period Value Sharebased Compensation
FairValueOptionsGrantedDuringPeriodValueSharebasedCompensation
5038000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4231000 USD
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3542000 USD
CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
315000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
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CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
1245000 USD
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CY2011Q4 ful Employee Service Share Based Compensation Nonvested Restricted Stock Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedRestrictedStockAwardsTotalCompensationCostNotYetRecognized
4988000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm
1.6 pure
CY2011 ful Share Based Compensation Arrangement By Share Based Payment Restrict Stock Award Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentRestrictStockAwardWeightedAverageRemainingContractualTerm
1.0 pure
CY2011 ful Repurchased Restricted Stock Shares
RepurchasedRestrictedStockShares
48675 shares
CY2010 ful Repurchased Restricted Stock Shares
RepurchasedRestrictedStockShares
17804 shares
CY2009 ful Repurchased Restricted Stock Shares
RepurchasedRestrictedStockShares
24808 shares
CY2011Q4 ful Directors Deferred Compensation Ten Percent Match
DirectorsDeferredCompensationTenPercentMatch
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
4.75 pure
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTerm
5 pure
CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Term
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.49
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.10
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0.5213 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
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0.5045 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.5230 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0187 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0131 pure
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0135 pure
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.5080 pure
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.5160 pure
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.5088 pure
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0207 pure
CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.4473 pure
CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.4536 pure
CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
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CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2009 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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StockIssuedDuringPeriodSharesStockOptionsExercised
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
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CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
22.11
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
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CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
20.59
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
11.02
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
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CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.25
CY2009Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2009Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
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TotalNonvestedRestrictedStock
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CY2010 us-gaap Stock Issued During Period Shares Restricted Stock Award Forfeited
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356370 shares
CY2011Q4 ful Weighted Average Remaining Contractual Life
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1.0 pure
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CY2011Q4 ful Share Based Compensation Stock Award Plan Units
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CY2010 ful Deferred Compensation Arrangement With Individual Employer Contribution Units Paid
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ShareBasedCompensationStockAwardPlanPayoutsUnitsPeriod
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CY2010Q4 ful Share Based Compensation Stock Award Plan Units
ShareBasedCompensationStockAwardPlanUnits
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CY2009Q4 ful Share Based Compensation Stock Award Plan Units
ShareBasedCompensationStockAwardPlanUnits
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CY2011 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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0 USD
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CY2011 us-gaap Other Nonoperating Income
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CY2010 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
474000 USD
CY2010 us-gaap Gain Loss On Disposition Of Property
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1588000 USD
CY2010 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-136000 USD
CY2010 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
0 USD
CY2010 ful Nonoperating Interest Income
NonoperatingInterestIncome
646000 USD
CY2009 ful Nonoperating Interest Income
NonoperatingInterestIncome
1099000 USD
CY2009 us-gaap Gain Loss On Disposition Of Property
GainLossOnDispositionOfProperty
359000 USD
CY2009 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
-18750000 USD
CY2009 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3600000 USD
CY2009 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
-625000 USD
CY2009 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16992000 USD
CY2010 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19294000 USD
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20949000 USD
CY2011Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
72317000 USD
CY2011Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
86558000 USD
CY2011Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
22882000 USD
CY2010Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
19233000 USD
CY2010Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
76450000 USD
CY2010Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
64404000 USD
CY2011Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
12839000 USD
CY2011Q4 us-gaap Prepaid Taxes
PrepaidTaxes
16697000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
7370000 USD
CY2011Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
23119000 USD
CY2011Q4 ful Other Miscellaneous Current Assets
OtherMiscellaneousCurrentAssets
148000 USD
CY2010Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
9525000 USD
CY2010Q4 ful Other Miscellaneous Current Assets
OtherMiscellaneousCurrentAssets
435000 USD
CY2010Q4 us-gaap Prepaid Taxes
PrepaidTaxes
19694000 USD
CY2010Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
11386000 USD
CY2010Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
16659000 USD
CY2010Q4 us-gaap Land
Land
44530000 USD
CY2010Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
232132000 USD
CY2010Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
517664000 USD
CY2010Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
12478000 USD
CY2010Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
806804000 USD
CY2010Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
555729000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
838095000 USD
CY2011Q4 us-gaap Land
Land
44749000 USD
CY2011Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
14336000 USD
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
582212000 USD
CY2011Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
238930000 USD
CY2011Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
540080000 USD
CY2011Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
14180000 USD
CY2011Q4 us-gaap Equity Method Investments
EquityMethodInvestments
40823000 USD
CY2011Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
51567000 USD
CY2011Q4 us-gaap Prepaid Pension Costs
PrepaidPensionCosts
4093000 USD
CY2011Q4 ful Other Miscellaneous Long Term Assets
OtherMiscellaneousLongTermAssets
19397000 USD
CY2010Q4 ful Other Miscellaneous Long Term Assets
OtherMiscellaneousLongTermAssets
18052000 USD
CY2010Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
15071000 USD
CY2010Q4 us-gaap Prepaid Pension Costs
PrepaidPensionCosts
5386000 USD
CY2010Q4 us-gaap Equity Method Investments
EquityMethodInvestments
36341000 USD
CY2010Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
49849000 USD
CY2010Q4 ful Current Income Taxes Payable
CurrentIncomeTaxesPayable
3319000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
1612000 USD
CY2011Q4 ful Current Income Taxes Payable
CurrentIncomeTaxesPayable
9855000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
1952000 USD
CY2011Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
7337000 USD
CY2011Q4 us-gaap Interest Payable Current
InterestPayableCurrent
2357000 USD
CY2011Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
1058000 USD
CY2011Q4 ful Other Miscellaneous Accrued Expenses
OtherMiscellaneousAccruedExpenses
20310000 USD
CY2010Q4 ful Other Miscellaneous Accrued Expenses
OtherMiscellaneousAccruedExpenses
18509000 USD
CY2010Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
1753000 USD
CY2010Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
6338000 USD
CY2010Q4 us-gaap Interest Payable Current
InterestPayableCurrent
2307000 USD
CY2010Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1369000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
7636000 USD
CY2010Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
4225000 USD
CY2010Q4 us-gaap Litigation Reserve Noncurrent
LitigationReserveNoncurrent
400000 USD
CY2010Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
20082000 USD
CY2010Q4 ful Other Miscellaneous Long Term Liabilities
OtherMiscellaneousLongTermLiabilities
10256000 USD
CY2011Q4 us-gaap Litigation Reserve Noncurrent
LitigationReserveNoncurrent
0 USD
CY2011Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
4419000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
8666000 USD
CY2011Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1400000 USD
CY2011Q4 ful Other Miscellaneous Long Term Liabilities
OtherMiscellaneousLongTermLiabilities
11869000 USD
CY2011Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
16129000 USD
CY2010Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5895000 USD
CY2011 ful Trade Receivable Allowance For Doubtful Accounts Provision Charged To Expense
TradeReceivableAllowanceForDoubtfulAccountsProvisionChargedToExpense
1021000 USD
CY2011 ful Trade Receivable Allowance For Doubtful Accounts Writeoffs Adjustments
TradeReceivableAllowanceForDoubtfulAccountsWriteoffsAdjustments
2298000 USD
CY2011 ful Trade Receivable Allowance For Doubtful Accounts Effect Of Exchange Rates
TradeReceivableAllowanceForDoubtfulAccountsEffectOfExchangeRates
-24000 USD
CY2011Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4642000 USD
CY2010 ful Trade Receivable Allowance For Doubtful Accounts Effect Of Exchange Rates
TradeReceivableAllowanceForDoubtfulAccountsEffectOfExchangeRates
245000 USD
CY2009Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7119000 USD
CY2010 ful Trade Receivable Allowance For Doubtful Accounts Writeoffs Adjustments
TradeReceivableAllowanceForDoubtfulAccountsWriteoffsAdjustments
2201000 USD
CY2010 ful Trade Receivable Allowance For Doubtful Accounts Provision Charged To Expense
TradeReceivableAllowanceForDoubtfulAccountsProvisionChargedToExpense
1222000 USD
CY2009 ful Trade Receivable Allowance For Doubtful Accounts Writeoffs Adjustments
TradeReceivableAllowanceForDoubtfulAccountsWriteoffsAdjustments
3931000 USD
CY2009 ful Trade Receivable Allowance For Doubtful Accounts Provision Charged To Expense
TradeReceivableAllowanceForDoubtfulAccountsProvisionChargedToExpense
5139000 USD
CY2008Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5563000 USD
CY2009 ful Trade Receivable Allowance For Doubtful Accounts Effect Of Exchange Rates
TradeReceivableAllowanceForDoubtfulAccountsEffectOfExchangeRates
-348000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
53759000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-176000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
142568000 USD
CY2011Q4 ful Total Accumulated Other Comprehensive Income Loss
TotalAccumulatedOtherComprehensiveIncomeLoss
-88985000 USD
CY2010Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
50370000 USD
CY2010Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
136696000 USD
CY2010Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-218000 USD
CY2009Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
137838000 USD
CY2009Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
79010000 USD
CY2009Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-249000 USD
CY2009Q4 ful Total Accumulated Other Comprehensive Income Loss
TotalAccumulatedOtherComprehensiveIncomeLoss
-59077000 USD
CY2010Q4 ful Total Accumulated Other Comprehensive Income Loss
TotalAccumulatedOtherComprehensiveIncomeLoss
-86544000 USD
CY2011Q4 ful Accumulated Other Comprehensive Income Loss Tax On Defined Benefit Pension And Other Postretirement Plans
AccumulatedOtherComprehensiveIncomeLossTaxOnDefinedBenefitPensionAndOtherPostretirementPlans
77586000 USD
CY2011Q4 ful Accumulated Other Comprehensive Income Loss Tax On Cash Flow Hedges Effect
AccumulatedOtherComprehensiveIncomeLossTaxOnCashFlowHedgesEffect
68000 USD
CY2010Q4 ful Accumulated Other Comprehensive Income Loss Tax On Defined Benefit Pension And Other Postretirement Plans
AccumulatedOtherComprehensiveIncomeLossTaxOnDefinedBenefitPensionAndOtherPostretirementPlans
73983000 USD
CY2010Q4 ful Accumulated Other Comprehensive Income Loss Tax On Cash Flow Hedges Effect
AccumulatedOtherComprehensiveIncomeLossTaxOnCashFlowHedgesEffect
84000 USD
CY2009Q4 ful Accumulated Other Comprehensive Income Loss Tax On Cash Flow Hedges Effect
AccumulatedOtherComprehensiveIncomeLossTaxOnCashFlowHedgesEffect
96000 USD
CY2009Q4 ful Accumulated Other Comprehensive Income Loss Tax On Defined Benefit Pension And Other Postretirement Plans
AccumulatedOtherComprehensiveIncomeLossTaxOnDefinedBenefitPensionAndOtherPostretirementPlans
76990000 USD
CY2010 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
8785000 USD
CY2011Q1 us-gaap Impaired Long Lived Assets Held And Used Method For Determining Fair Value
ImpairedLongLivedAssetsHeldAndUsedMethodForDeterminingFairValue
we calculated the fair value using a discounted cash flow approach
CY2011Q1 us-gaap Impaired Long Lived Assets Held And Used Segment Classification
ImpairedLongLivedAssetsHeldAndUsedSegmentClassification
Note 5: Impairment of Long-lived Assets In 2011 we discontinued production of the polymers used in certain resin products that had been produced in our EIMEA operating segment. As a result, we performed an impairment test on the trademarks and trade names used in resin products. In accordance with accounting standards, we calculated the fair value using a discounted cash flow approach. As a result of this analysis, we recorded an impairment charge of $332 ($220 after tax). In 2010 we exited our polysulfide-based insulating glass product line in Europe. In accordance with accounting standards, we determined that the carrying amount of this asset group was not recoverable and was therefore impaired. We calculated the fair value of the asset group using a discounted cash flow approach. As a result of this analysis, we recorded pre-tax asset impairment charges of $8,785 to write-down the value of intangible assets.
CY2009Q4 us-gaap Goodwill
Goodwill
103731000 USD
CY2011 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-1043000 USD
CY2010 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
7855000 USD
CY2011 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset
0 USD
CY2010 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset
805000 USD
CY2011 ful Reverex Goodwill Acquired During Period
ReverexGoodwillAcquiredDuringPeriod
0 USD
CY2010 ful Reverex Goodwill Acquired During Period
ReverexGoodwillAcquiredDuringPeriod
12289000 USD
CY2010 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2011 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
4882000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
61347000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
187473000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
126126000 USD
CY2011 us-gaap Finite Lived Intangible Assets Weighted Average Useful Life
FiniteLivedIntangibleAssetsWeightedAverageUsefulLife
18 pure
CY2010 us-gaap Finite Lived Intangible Assets Weighted Average Useful Life
FiniteLivedIntangibleAssetsWeightedAverageUsefulLife
18 pure
CY2010Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
183151000 USD
CY2010Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
130617000 USD
CY2010Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
52534000 USD
CY2011 us-gaap Future Amortization Expense Year One
FutureAmortizationExpenseYearOne
10107000 USD
CY2011 us-gaap Future Amortization Expense Year Two
FutureAmortizationExpenseYearTwo
10011000 USD
CY2011 us-gaap Future Amortization Expense Year Three
FutureAmortizationExpenseYearThree
9920000 USD
CY2011 us-gaap Future Amortization Expense Year Four
FutureAmortizationExpenseYearFour
9673000 USD
CY2011 us-gaap Future Amortization Expense Year Five
FutureAmortizationExpenseYearFive
9578000 USD
CY2011 us-gaap Future Amortization Expense After Year Five
FutureAmortizationExpenseAfterYearFive
76837000 USD
CY2010Q4 ful Indefinite Lived Trademarks And Trade Names
IndefiniteLivedTrademarksAndTradeNames
900000 USD
CY2011Q4 ful Indefinite Lived Trademarks And Trade Names
IndefiniteLivedTrademarksAndTradeNames
584000 USD
CY2010 us-gaap Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
10839000 USD
CY2009 us-gaap Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
12038000 USD
CY2011 us-gaap Finite Lived Intangible Assets Amortization Expense
FiniteLivedIntangibleAssetsAmortizationExpense
10162000 USD
CY2010Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
150000000 USD
CY2011Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
214418000 USD
CY2010Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
231770000 USD
CY2011 ful Lineofcreditfacilitymaximumborrowingcapacityaccordianfeature
Lineofcreditfacilitymaximumborrowingcapacityaccordianfeature
275000000 USD
CY2011 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.003 pure
CY2011Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.113 pure
CY2010Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.086 pure
CY2009Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.090 pure
CY2011Q4 us-gaap Notes Payable Current
NotesPayableCurrent
28310000 USD
CY2011Q4 ful Line Of Credit Facility Interest Rate Plus Libor During Period
LineOfCreditFacilityInterestRatePlusLiborDuringPeriod
LIBOR plus 1.95 percent
CY2011Q4 us-gaap Long Term Debt
LongTermDebt
203986000 USD
CY2010Q4 us-gaap Long Term Debt
LongTermDebt
223478000 USD
CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
179611000 USD
CY2010Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
200978000 USD
CY2011Q4 us-gaap Debt Current
DebtCurrent
24375000 USD
CY2010Q4 us-gaap Debt Current
DebtCurrent
22500000 USD
CY2011Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
200000000 USD
CY2011 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
0 USD
CY2011Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
200000000 USD
CY2011 us-gaap Line Of Credit Facility Expiration Date
LineOfCreditFacilityExpirationDate
June 19, 2013
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
24375000 USD
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
22500000 USD
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
157111000 USD
CY2011 us-gaap Undistributed Earnings
UndistributedEarnings
359608000 USD
CY2011 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
309000 USD
CY2011Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
1153000 USD
CY2010 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
978000 USD
CY2010Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
1452000 USD
CY2011 ful Foreign Cumulative Tax Losses Amount
ForeignCumulativeTaxLossesAmount
24889000 USD
CY2011Q4 ful Foreign Cumulative Tax Losses Carryforward Indefinitely
ForeignCumulativeTaxLossesCarryforwardIndefinitely
15600000 USD
CY2011 ful Foreign Cumulative Tax Losses Utilized In Future Fiscal Years
ForeignCumulativeTaxLossesUtilizedInFutureFiscalYears
9289000 USD
CY2011Q4 ful Foreign Tax Credit Carryforward With Expiration Date
ForeignTaxCreditCarryforwardWithExpirationDate
2259000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
5311000 USD
CY2011 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
325000 USD
CY2011 ful Future Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
FutureUnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
533000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
65238000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
49754000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
36447000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
51271000 USD
CY2009 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
36394000 USD
CY2009 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
78226000 USD
CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4822000 USD
CY2010 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-586000 USD
CY2010 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
11728000 USD
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
15964000 USD
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5443000 USD
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1191000 USD
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
29546000 USD
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
22912000 USD
CY2009 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10685000 USD
CY2009 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2734000 USD
CY2009 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-574000 USD
CY2009 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-7377000 USD
CY2009 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
31370000 USD
CY2009 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3074000 USD
CY2009 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-450000 USD
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
676000 USD
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2786000 USD
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
7515000 USD
CY2010 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
811000 USD
CY2010 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-496000 USD
CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
9028000 USD
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
30701000 USD
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1495000 USD
CY2010 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
-3464000 USD
CY2010 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
3464000 USD
CY2010 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
2868000 USD
CY2010 us-gaap Interest Income Securities Tax Advantaged
InterestIncomeSecuritiesTaxAdvantaged
2402000 USD
CY2010 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-3231000 USD
CY2010 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
615000 USD
CY2010 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
997000 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-489000 USD
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0 USD
CY2011 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
17992000 USD
CY2011 us-gaap Interest Income Securities Tax Advantaged
InterestIncomeSecuritiesTaxAdvantaged
1784000 USD
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
40248000 USD
CY2011 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
2686000 USD
CY2011 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
CY2011 us-gaap Income Tax Reconciliation Deductions Dividends
IncomeTaxReconciliationDeductionsDividends
-16440000 USD
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2010 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
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0.0725 pure
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On August 1, 2011, we completed a definitive agreement with our longstanding agent in Turkey and issued a 10 percent ownership in H.B. Fuller Kimya San. Tic A.S. (HBF Turkey), a newly created entity located in Istanbul Turkey, to the agent for &#8364;1,000 and the list of customers in Turkey to whom the agent was reselling adhesive products manufactured by us. The formation of this business relationship is part of our comprehensive strategy for expansion in emerging markets. The minority shareholder is entitled to increase his ownership by 1 percent per year for 5 years up to a maximum of 13 percent ownership based on the achievement of profitability targets in each year. Both the minority shareholder and H.B. Fuller have an option, exercisable beginning August 1, 2018, to require the redemption of the shares owned by the minority shareholder at a price determined by a formula based on 24 months trailing EBITDA. The option is subject to a minimum price of &#8364;3,500.
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Gross Profit
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ful Special Charges
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