$GGG
GRACO INC

2019 Q4 Form 10-Q Financial Statement

#000004288819000049 Filed on October 23, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $412.3M $400.6M $415.9M
YoY Change 1.44% -3.7% 9.51%
Cost Of Revenue $202.9M $193.2M $194.5M
YoY Change 2.63% -0.67% 10.67%
Gross Profit $209.4M $207.4M $221.5M
YoY Change 0.3% -6.36% 8.52%
Gross Profit Margin 50.78% 51.77% 53.24%
Selling, General & Admin $88.30M $87.26M $90.95M
YoY Change -8.21% -4.06% 3.24%
% of Gross Profit 42.17% 42.08% 41.07%
Research & Development $16.90M $16.72M $15.73M
YoY Change 5.63% 6.29% 8.12%
% of Gross Profit 8.07% 8.06% 7.1%
Depreciation & Amortization $12.50M $12.30M $11.80M
YoY Change 2.46% 4.24% 5.36%
% of Gross Profit 5.97% 5.93% 5.33%
Operating Expenses $105.2M $104.0M $106.7M
YoY Change -6.24% -2.53% 3.93%
Operating Profit $104.2M $103.4M $114.8M
YoY Change 7.9% -9.91% 13.16%
Interest Expense -$2.500M $3.618M $3.583M
YoY Change -32.43% 0.98% -8.15%
% of Operating Profit -2.4% 3.5% 3.12%
Other Income/Expense, Net -$1.100M -$2.972M -$3.139M
YoY Change -62.07% -5.32% 174.87%
Pretax Income $100.5M $96.81M $108.1M
YoY Change 11.67% -10.41% 12.1%
Income Tax $15.70M $12.68M $15.38M
% Of Pretax Income 15.62% 13.09% 14.23%
Net Earnings $84.80M $84.13M $92.68M
YoY Change 15.06% -9.22% 22.82%
Net Earnings / Revenue 20.57% 21.0% 22.28%
Basic Earnings Per Share $0.51 $0.50 $0.55
Diluted Earnings Per Share $0.49 $0.49 $0.54
COMMON SHARES
Basic Shares Outstanding 166.8M shares 166.8M shares 167.2M shares
Diluted Shares Outstanding 171.8M shares 173.0M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $221.0M $177.3M $137.6M
YoY Change 67.3% 28.85% -1.71%
Cash & Equivalents $221.0M $177.3M $137.6M
Short-Term Investments
Other Short-Term Assets $29.92M $29.32M $25.81M
YoY Change -7.97% 13.58% 23.57%
Inventory $273.2M $288.6M $277.7M
Prepaid Expenses
Receivables $267.3M $277.4M $289.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $791.5M $772.6M $730.8M
YoY Change 9.44% 5.73% 13.75%
LONG-TERM ASSETS
Property, Plant & Equipment $325.5M $308.7M $220.2M
YoY Change 41.98% 40.19% 10.4%
Goodwill $307.7M $301.4M $296.3M
YoY Change 4.7% 1.73% 8.59%
Intangibles $162.6M $161.5M $172.5M
YoY Change -2.22% -6.35% -4.77%
Long-Term Investments
YoY Change
Other Assets $35.69M $30.23M $32.84M
YoY Change 27.38% -7.96% 23.13%
Total Long-Term Assets $900.7M $864.8M $754.7M
YoY Change 20.18% 14.58% -0.93%
TOTAL ASSETS
Total Short-Term Assets $791.5M $772.6M $730.8M
Total Long-Term Assets $900.7M $864.8M $754.7M
Total Assets $1.692B $1.637B $1.486B
YoY Change 14.9% 10.23% 5.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.12M $54.88M $53.10M
YoY Change -4.89% 3.35% 13.95%
Accrued Expenses $87.70M $86.20M $84.30M
YoY Change -5.39% 2.25% 12.85%
Deferred Revenue $33.14M $46.69M $45.07M
YoY Change -17.14% 3.59%
Short-Term Debt $7.700M $4.700M $4.000M
YoY Change -30.63% 17.5% -35.48%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $285.3M $287.5M $264.2M
YoY Change -4.83% 8.82% -8.34%
LONG-TERM LIABILITIES
Long-Term Debt $164.3M $192.1M $266.4M
YoY Change -38.32% -27.9% 18.41%
Other Long-Term Liabilities $0.00 $0.00 $4.500M
YoY Change -100.0% -100.0% -45.82%
Total Long-Term Liabilities $164.3M $192.1M $270.9M
YoY Change -39.39% -29.09% 16.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $285.3M $287.5M $264.2M
Total Long-Term Liabilities $164.3M $192.1M $270.9M
Total Liabilities $449.6M $479.6M $535.2M
YoY Change -21.24% -10.38% 2.6%
SHAREHOLDERS EQUITY
Retained Earnings $449.0M $397.3M $255.9M
YoY Change 103.41% 55.26% -8.72%
Common Stock $745.7M $730.4M $681.1M
YoY Change 10.32% 7.25% 21.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.025B $983.8M $796.6M
YoY Change
Total Liabilities & Shareholders Equity $1.692B $1.637B $1.486B
YoY Change 14.9% 10.23% 5.79%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $84.80M $84.13M $92.68M
YoY Change 15.06% -9.22% 22.82%
Depreciation, Depletion And Amortization $12.50M $12.30M $11.80M
YoY Change 2.46% 4.24% 5.36%
Cash From Operating Activities $119.2M $135.7M $83.50M
YoY Change 4.84% 62.51% -24.37%
INVESTING ACTIVITIES
Capital Expenditures -$25.50M -$32.30M -$12.20M
YoY Change 78.32% 164.75% -0.81%
Acquisitions
YoY Change
Other Investing Activities -$7.300M -$13.20M -$1.600M
YoY Change 3550.0% 725.0% -50.0%
Cash From Investing Activities -$32.80M -$45.50M -$13.70M
YoY Change 126.21% 232.12% -11.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -45.10M -89.90M -52.30M
YoY Change -56.17% 71.89% 77.89%
NET CHANGE
Cash From Operating Activities 119.2M 135.7M 83.50M
Cash From Investing Activities -32.80M -45.50M -13.70M
Cash From Financing Activities -45.10M -89.90M -52.30M
Net Change In Cash 41.30M 300.0K 17.50M
YoY Change -1216.22% -98.29% -73.28%
FREE CASH FLOW
Cash From Operating Activities $119.2M $135.7M $83.50M
Capital Expenditures -$25.50M -$32.30M -$12.20M
Free Cash Flow $144.7M $168.0M $95.70M
YoY Change 13.05% 75.55% -22.0%

Facts In Submission

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23094000 USD
us-gaap Increase Decrease In Accounts Payable Trade
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-776000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
74000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
10206000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-30202000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
19216000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
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198000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-1348000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-695000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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974000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
299481000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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254261000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
102496000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
39569000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
10769000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
961000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1386000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-122673000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-51724000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-6240000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-2558000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
106454000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
612979000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
179270000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
575113000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
36244000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
23471000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5121000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
155601000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1268000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16151000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
79762000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
66794000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-128963000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-179767000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2657000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1915000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
45188000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24685000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
132118000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
112904000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177306000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
137589000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
925958000 USD
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2289000 USD
CY2019Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2683000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5419000 USD
us-gaap Revenues
Revenues
1233753000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
84132000 USD
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26686000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4633000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
983796000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
751873000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
34974000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2683000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
19700000 USD
us-gaap Net Income Loss
NetIncomeLoss
259018000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
79998000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
912000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
983796000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
711805000 USD
CY2018Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3419000 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5161000 USD
CY2018Q3 us-gaap Net Income Loss
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92681000 USD
CY2018Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
22189000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5685000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
796562000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
723063000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
8092000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
155601000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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18321000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-772000 USD
us-gaap Net Income Loss
NetIncomeLoss
267331000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
66725000 USD
ggg Reclassifiedto Retained Earningsfrom Aoci
ReclassifiedtoRetainedEarningsfromAOCI
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2853000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
796562000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2019Q3 us-gaap Revenues
Revenues
400555000 USD
CY2018Q3 us-gaap Revenues
Revenues
415936000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
103399000 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
114779000 USD
us-gaap Revenues
Revenues
1246854000 USD
us-gaap Revenues
Revenues
1246854000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
320287000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
339853000 USD
CY2019Q3 us-gaap Assets
Assets
1637424000 USD
CY2018Q4 us-gaap Assets
Assets
1472741000 USD
CY2019Q3 us-gaap Revenues
Revenues
400555000 USD
CY2018Q3 us-gaap Revenues
Revenues
415936000 USD
us-gaap Revenues
Revenues
1233753000 USD
CY2019Q3 us-gaap Noncurrent Assets
NoncurrentAssets
308656000 USD
CY2018Q4 us-gaap Noncurrent Assets
NoncurrentAssets
229295000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
84132000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
92681000 USD
us-gaap Net Income Loss
NetIncomeLoss
259018000 USD
us-gaap Net Income Loss
NetIncomeLoss
267331000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
166848000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
167247000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
166383000 shares
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
435000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
167860000 shares
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4929000 shares
CY2018Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5790000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5178000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6124000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
171777000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
173037000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
171561000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
173984000 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.59
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.54
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
802000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
12270000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
24.67
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
7312000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
20.17
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1285000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
45.91
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1364000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
15.73
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
35000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
32.09
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
12156000 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.89
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
7620000 shares
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
23.08
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23200000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22000000.0 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
8200000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y4M24D
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2019Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-6396000 USD
CY2019Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1763000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-143945000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-144857000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-3995000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
4907000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-143945000 USD
CY2018Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-146074000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
4161000 USD
CY2018Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1524000 USD
CY2018Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-140389000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-127789000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-2205000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
5058000 USD
ggg Reclassifiedto Retained Earnings
ReclassifiedtoRetainedEarnings
-15453000 USD
CY2018Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-140389000 USD
us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
-15500000 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
142535000 USD
CY2019Q3 us-gaap Inventory Gross
InventoryGross
349771000 USD
CY2019Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
88345000 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
83768000 USD
CY2019Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
119242000 USD
CY2018Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
115705000 USD
CY2019Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
142184000 USD
CY2018Q4 us-gaap Inventory Gross
InventoryGross
342008000 USD
CY2019Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
61183000 USD
CY2018Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
58026000 USD
CY2019Q3 us-gaap Inventory Net
InventoryNet
288588000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
283982000 USD
CY2019Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
266463000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
87995000 USD
ggg Intangible Assets Translation Adjustments
IntangibleAssetsTranslationAdjustments
-16943000 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
161525000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
258577000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
76408000 USD
CY2018 ggg Intangible Assets Translation Adjustments
IntangibleAssetsTranslationAdjustments
-15859000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
166310000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3900000 USD
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3800000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11600000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11800000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
15497000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
15543000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
15343000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
15253000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
14359000 USD
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
40413000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
293846000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
9197000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1623000 USD
CY2019Q3 us-gaap Goodwill
Goodwill
301420000 USD
CY2019Q3 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
8337000 USD
CY2018Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
7870000 USD
CY2019Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12222000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
11056000 USD
CY2019Q3 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
7954000 USD
CY2018Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
11449000 USD
CY2019Q3 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
10123000 USD
CY2018Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
11916000 USD
CY2019Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
46693000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
39995000 USD
CY2019Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
8939000 USD
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
8515000 USD
CY2019Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
13293000 USD
CY2018Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
12705000 USD
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7906000 USD
CY2018Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 USD
CY2019Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
35978000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
39535000 USD
CY2019Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
151445000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
143041000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
11056000 USD
us-gaap Product Warranty Expense
ProductWarrantyExpense
7781000 USD
ggg Product Warranty Margin Reversed
ProductWarrantyMarginReversed
2096000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8711000 USD
CY2019Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12222000 USD
CY2019Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
46700000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
40000000.0 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
34900000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
21800000 USD
CY2019Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
16612000 USD
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
14402000 USD
CY2019Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
11289000 USD
CY2018Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
11403000 USD
CY2019Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
150000000 USD
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
225000000 USD
CY2019Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
165000000 USD
CY2018Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
235000000 USD
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
35000000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M18D
CY2019Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
us-gaap Operating Lease Expense
OperatingLeaseExpense
8600000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
8200000 USD
CY2019Q3 ggg Operating Lease Rightof Use Asset Additions
OperatingLeaseRightofUseAssetAdditions
2200000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2870000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9063000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6840000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5497000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3955000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1808000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
7481000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
37514000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4786000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
32728000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
11613000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
8759000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
6745000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
5102000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
3721000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2340000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
38280000 USD

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0000042888-19-000049.txt Edgar Link pending
0000042888-19-000049-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
ggg-20190927.xsd Edgar Link pending
ggg-20190927_cal.xml Edgar Link unprocessable
ggg-20190927_def.xml Edgar Link unprocessable
ggg-20190927_lab.xml Edgar Link unprocessable
ggg-20190927_pre.xml Edgar Link unprocessable
ggg0927201910-qxq3.htm Edgar Link pending
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ggg09272019exhibit991.htm Edgar Link pending
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