2020 Q1 Form 10-K Financial Statement

#000004288820000015 Filed on February 18, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2018 Q4 2018 Q3
Revenue $373.6M $406.4M $415.9M
YoY Change -7.73% 8.42% 9.51%
Cost Of Revenue $174.9M $197.7M $194.5M
YoY Change -7.36% 13.56% 10.67%
Gross Profit $198.6M $208.8M $221.5M
YoY Change -8.06% 3.98% 8.52%
Gross Profit Margin 53.17% 51.36% 53.24%
Selling, General & Admin $91.74M $96.20M $90.95M
YoY Change -3.38% 0.63% 3.24%
% of Gross Profit 46.19% 46.08% 41.07%
Research & Development $17.08M $16.00M $15.73M
YoY Change 3.09% 1.91% 8.12%
% of Gross Profit 8.6% 7.66% 7.1%
Depreciation & Amortization $13.06M $12.20M $11.80M
YoY Change 8.73% 1.67% 5.36%
% of Gross Profit 6.58% 5.84% 5.33%
Operating Expenses $108.8M $112.2M $106.7M
YoY Change -2.42% 0.81% 3.93%
Operating Profit $89.81M $96.56M $114.8M
YoY Change -14.08% 7.92% 13.16%
Interest Expense $2.486M -$3.700M $3.583M
YoY Change -29.67% -9.76% -8.15%
% of Operating Profit 2.77% -3.83% 3.12%
Other Income/Expense, Net -$5.223M -$2.900M -$3.139M
YoY Change 1841.64% -75.63% 174.87%
Pretax Income $82.10M $90.00M $108.1M
YoY Change -18.49% 22.45% 12.1%
Income Tax $9.285M $16.30M $15.38M
% Of Pretax Income 11.31% 18.11% 14.23%
Net Earnings $72.82M $73.70M $92.68M
YoY Change -16.06% 102.47% 22.82%
Net Earnings / Revenue 19.49% 18.13% 22.28%
Basic Earnings Per Share $0.43 $0.44 $0.55
Diluted Earnings Per Share $0.42 $0.43 $0.54
COMMON SHARES
Basic Shares Outstanding 167.9M shares 166.4M shares 167.2M shares
Diluted Shares Outstanding 172.6M shares 173.0M shares

Balance Sheet

Concept 2020 Q1 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $456.7M $132.1M $137.6M
YoY Change 281.54% 27.39% -1.71%
Cash & Equivalents $456.7M $132.1M $137.6M
Short-Term Investments
Other Short-Term Assets $28.76M $32.51M $25.81M
YoY Change 5.38% -5.08% 23.57%
Inventory $289.6M $284.0M $277.7M
Prepaid Expenses
Receivables $273.8M $274.6M $289.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.049B $723.2M $730.8M
YoY Change 42.98% 12.42% 13.75%
LONG-TERM ASSETS
Property, Plant & Equipment $332.1M $229.3M $220.2M
YoY Change 29.33% 12.24% 10.4%
Goodwill $306.9M $293.8M $296.3M
YoY Change 3.97% 5.4% 8.59%
Intangibles $158.1M $166.3M $172.5M
YoY Change -5.13% -9.15% -4.77%
Long-Term Investments
YoY Change
Other Assets $33.01M $28.02M $32.84M
YoY Change 10.34% -7.28% 23.13%
Total Long-Term Assets $898.6M $749.5M $754.7M
YoY Change 10.18% 0.3% -0.93%
TOTAL ASSETS
Total Short-Term Assets $1.049B $723.2M $730.8M
Total Long-Term Assets $898.6M $749.5M $754.7M
Total Assets $1.947B $1.473B $1.486B
YoY Change 25.71% 5.91% 5.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $64.32M $56.90M $53.10M
YoY Change -4.39% 16.73% 13.95%
Accrued Expenses $67.30M $92.70M $84.30M
YoY Change -11.33% 9.06% 12.85%
Deferred Revenue $42.52M $40.00M $45.07M
YoY Change 6.5% 76.72%
Short-Term Debt $45.70M $11.10M $4.000M
YoY Change 501.32% 68.18% -35.48%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $311.8M $299.8M $264.2M
YoY Change -11.94% 21.95% -8.34%
LONG-TERM LIABILITIES
Long-Term Debt $400.0M $266.4M $266.4M
YoY Change 130.23% 17.85% 18.41%
Other Long-Term Liabilities $206.5M $4.700M $4.500M
YoY Change -21.89% -45.82%
Total Long-Term Liabilities $400.0M $271.1M $270.9M
YoY Change 130.23% 16.82% 16.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $311.8M $299.8M $264.2M
Total Long-Term Liabilities $400.0M $271.1M $270.9M
Total Liabilities $711.8M $570.9M $535.2M
YoY Change 34.86% 19.46% 2.6%
SHAREHOLDERS EQUITY
Retained Earnings $411.5M $220.7M $255.9M
YoY Change 46.4% 21.55% -8.72%
Common Stock $779.5M $676.0M $681.1M
YoY Change 10.51% 1.01% 21.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.019B $751.9M $796.6M
YoY Change
Total Liabilities & Shareholders Equity $1.947B $1.473B $1.486B
YoY Change 25.71% 5.91% 5.79%

Cashflow Statement

Concept 2020 Q1 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $72.82M $73.70M $92.68M
YoY Change -16.06% 102.47% 22.82%
Depreciation, Depletion And Amortization $13.06M $12.20M $11.80M
YoY Change 8.73% 1.67% 5.36%
Cash From Operating Activities $54.23M $113.7M $83.50M
YoY Change 7.29% 23.86% -24.37%
INVESTING ACTIVITIES
Capital Expenditures $18.94M -$14.30M -$12.20M
YoY Change -37.75% 26.55% -0.81%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $256.0K -$200.0K -$1.600M
YoY Change -30.25% -98.69% -50.0%
Cash From Investing Activities -$19.20M -$14.50M -$13.70M
YoY Change -46.89% -45.28% -11.61%
FINANCING ACTIVITIES
Cash Dividend Paid $29.33M
YoY Change 10.95%
Common Stock Issuance & Retirement, Net $43.29M
YoY Change -293.2%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities $200.2M -102.9M -52.30M
YoY Change -831.13% 2.59% 77.89%
NET CHANGE
Cash From Operating Activities $54.23M 113.7M 83.50M
Cash From Investing Activities -$19.20M -14.50M -13.70M
Cash From Financing Activities $200.2M -102.9M -52.30M
Net Change In Cash $235.7M -3.700M 17.50M
YoY Change -1999.6% -89.43% -73.28%
FREE CASH FLOW
Cash From Operating Activities $54.23M $113.7M $83.50M
Capital Expenditures $18.94M -$14.30M -$12.20M
Free Cash Flow $35.29M $128.0M $95.70M
YoY Change 75.45% 24.15% -22.0%

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IncreaseDecreaseInPensionAndPostretirementObligations
-27237000 USD
CY2017 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
6920000 USD
CY2019 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-11510000 USD
CY2018 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
7517000 USD
CY2017 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
35321000 USD
CY2019 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2803000 USD
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-688000 USD
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
6809000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
418734000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
367985000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
337864000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
127953000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
53854000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
40194000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
26577000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
10769000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
27905000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
939000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1624000 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
348000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-155469000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-66247000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68447000 USD
CY2019 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-3341000 USD
CY2018 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
4931000 USD
CY2017 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-3026000 USD
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
105423000 USD
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
620746000 USD
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
315920000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
207191000 USD
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
583212000 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
395570000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
48250000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
24634000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
60685000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9482000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
244814000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
90160000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1268000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16151000 USD
CY2017 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
24448000 USD
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
106443000 USD
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
88845000 USD
CY2017 us-gaap Payments Of Dividends
PaymentsOfDividends
80477000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-174052000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-282711000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-217076000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-358000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
187000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1032000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
88855000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19214000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
51309000 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
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61595000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
220973000 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
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
220973000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
132118000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
103662000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9242000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
220973000 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
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
573820000 USD
CY2017 ggg Stock Split
StockSplit
0 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
36653000 USD
CY2017 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
90160000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18963000 USD
CY2017 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-415000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
252412000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
82649000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
14439000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
17702000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
723063000 USD
CY2018 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9255000 USD
CY2018 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
247252000 USD
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
21205000 USD
CY2018 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-772000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
341054000 USD
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
93065000 USD
CY2018 ggg Reclassifiedto Retained Earnings
ReclassifiedtoRetainedEarnings
0 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1615000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
751873000 USD
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
46981000 USD
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7045000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
23398000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
343853000 USD
CY2019 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
109199000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-24930000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1024931000 USD
CY2019 us-gaap Fiscal Period
FiscalPeriod
The fiscal year of Graco Inc. and Subsidiaries (the “Company”) is 52 or 53 weeks, ending on the last Friday in December. The years ended <span style="font-family:inherit;font-size:10pt;">December 27, 2019</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">December 28, 2018</span><span style="font-family:inherit;font-size:10pt;"> and  </span><span style="font-family:inherit;font-size:10pt;">December 29, 2017</span> were 52-week years.
CY2019 us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Such estimates and assumptions also affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
14402000 USD
CY2019Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
13878000 USD
CY2018Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
11403000 USD
CY2019Q4 us-gaap Prepaid Taxes
PrepaidTaxes
13462000 USD
CY2018Q4 us-gaap Prepaid Taxes
PrepaidTaxes
14762000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
16455000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
17746000 USD
CY2019Q4 us-gaap Other Assets Current
OtherAssetsCurrent
29917000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
32508000 USD
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2017Q4 us-gaap Goodwill
Goodwill
278789000 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
18123000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-3066000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
293846000 USD
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
13444000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
373000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
307663000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
269663000 USD
CY2019Q4 ggg Intangible Asset Accumulated Amortization
IntangibleAssetAccumulatedAmortization
91940000 USD
CY2019 ggg Intangible Assets Translation Adjustments
IntangibleAssetsTranslationAdjustments
-15100000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
162623000 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
258577000 USD
CY2018Q4 ggg Intangible Asset Accumulated Amortization
IntangibleAssetAccumulatedAmortization
76408000 USD
CY2018 ggg Intangible Assets Translation Adjustments
IntangibleAssetsTranslationAdjustments
-15859000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
166310000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15500000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15600000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14800000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
16095000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
15806000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
15716000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
14811000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
13249000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
28756000 USD
CY2019Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
17702000 USD
CY2018Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
14320000 USD
CY2019Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
2985000 USD
CY2018Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
2742000 USD
CY2019Q4 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
7603000 USD
CY2018Q4 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
7252000 USD
CY2019Q4 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
2931000 USD
CY2018Q4 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
0 USD
CY2019Q4 ggg Depositsandother
Depositsandother
4471000 USD
CY2018Q4 ggg Depositsandother
Depositsandother
3705000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
35692000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28019000 USD
CY2019 ggg Cashsurrendervalueoflifeinsurancechange
Cashsurrendervalueoflifeinsurancechange
3400000 USD
CY2018 ggg Cashsurrendervalueoflifeinsurancechange
Cashsurrendervalueoflifeinsurancechange
-1800000 USD
CY2017 ggg Cashsurrendervalueoflifeinsurancechange
Cashsurrendervalueoflifeinsurancechange
2300000 USD
CY2019Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
7570000 USD
CY2018Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
7870000 USD
CY2018 ggg Product Warranty Margin Reversed
ProductWarrantyMarginReversed
1193000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12785000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
11056000 USD
CY2019Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
8390000 USD
CY2018Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
11449000 USD
CY2019Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
13722000 USD
CY2018Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
11916000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
33138000 USD
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
39995000 USD
CY2019Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
8706000 USD
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
8515000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7690000 USD
CY2018Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
0 USD
CY2019Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
13791000 USD
CY2018Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
12705000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
37145000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
39535000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
142937000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
143041000 USD
CY2019Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
7600000 USD
CY2018Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
7900000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
11056000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
10535000 USD
CY2019 us-gaap Product Warranty Expense
ProductWarrantyExpense
10350000 USD
CY2018 us-gaap Product Warranty Expense
ProductWarrantyExpense
8963000 USD
CY2019 ggg Product Warranty Margin Reversed
ProductWarrantyMarginReversed
2576000 USD
CY2019 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
11197000 USD
CY2018 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
9635000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12785000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
11056000 USD
CY2019 ggg Sales Returns Percentage Of Sales
SalesReturnsPercentageOfSales
0.03
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
33100000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
40000000.0 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
39400000 USD
CY2019 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
The Company accounts for all derivatives, including those embedded in other contracts, as either assets or liabilities and measures those financial instruments at fair value. The accounting for changes in the fair value of derivatives depends on their intended use and designation. <div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As part of its risk management program, the Company may periodically use forward exchange contracts to manage known market exposures. Terms of derivative instruments are structured to match the terms of the risk being managed and are generally held to maturity. The Company does not hold or issue derivative financial instruments for trading purposes. All other contracts that contain provisions meeting the definition of a derivative also meet the requirements of, and have been designated as, normal purchases or sales. The Company’s policy is to not enter into contracts with terms that cannot be designated as normal purchases or sales.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company periodically evaluates its monetary asset and liability positions denominated in foreign currencies. The Company enters into forward contracts or options, or borrows in various currencies, in order to hedge its net monetary positions. These instruments are recorded at fair value and the gains and losses are included in other expense, net. The notional amounts of contracts outstanding as of </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">December 27, 2019</span><span style="font-family:inherit;font-size:10pt;">, totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$33 million</span></span><span style="font-family:inherit;font-size:10pt;">. The Company believes it uses strong financial counterparties in these transactions and that the resulting credit risk under these hedging strategies is not significant.</span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>The Company uses significant other observable inputs (level 2 in the fair value hierarchy) to value the derivative instruments used to hedge net monetary positions, including reference to market prices and financial models that incorporate relevant market assumptions. Net derivative assets are reported on the balance sheet in accounts receivable and net derivative liabilities are reported as other current liabilities.
CY2019Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
33000000 USD
CY2019Q4 us-gaap Foreign Currency Fair Value Hedge Asset At Fair Value
ForeignCurrencyFairValueHedgeAssetAtFairValue
0 USD
CY2018Q4 us-gaap Foreign Currency Fair Value Hedge Asset At Fair Value
ForeignCurrencyFairValueHedgeAssetAtFairValue
322000 USD
CY2019Q4 us-gaap Foreign Currency Fair Value Hedge Liability At Fair Value
ForeignCurrencyFairValueHedgeLiabilityAtFairValue
87000 USD
CY2018Q4 us-gaap Foreign Currency Fair Value Hedge Liability At Fair Value
ForeignCurrencyFairValueHedgeLiabilityAtFairValue
240000 USD
CY2019Q4 us-gaap Foreign Currency Fair Value Hedge Derivative At Fair Value Net
ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet
-87000 USD
CY2018Q4 us-gaap Foreign Currency Fair Value Hedge Derivative At Fair Value Net
ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet
82000 USD
CY2019 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
6 segment
CY2019 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2019 us-gaap Revenues
Revenues
1646045000 USD
CY2018 us-gaap Revenues
Revenues
1653292000 USD
CY2017 us-gaap Revenues
Revenues
1474744000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
424456000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
436427000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
378745000 USD
CY2019Q4 us-gaap Assets
Assets
1692210000 USD
CY2018Q4 us-gaap Assets
Assets
1472741000 USD
CY2019 us-gaap Revenues
Revenues
1646045000 USD
CY2018 us-gaap Revenues
Revenues
1653292000 USD
CY2017 us-gaap Revenues
Revenues
1474744000 USD
CY2019Q4 us-gaap Noncurrent Assets
NoncurrentAssets
325546000 USD
CY2018Q4 us-gaap Noncurrent Assets
NoncurrentAssets
229295000 USD
CY2018Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
115705000 USD
CY2019Q4 us-gaap Inventory Gross
InventoryGross
336111000 USD
CY2018Q4 us-gaap Inventory Gross
InventoryGross
342008000 USD
CY2019Q4 us-gaap Inventory Lifo Reserve
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140300000 USD
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CY2019Q4 us-gaap Inventory Net
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CY2018Q4 us-gaap Inventory Net
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CY2018Q4 us-gaap Inventory Finished Goods
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154400000 USD
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CY2018Q4 us-gaap Property Plant And Equipment Gross
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570033000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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354658000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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340738000 USD
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347094000 USD
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405877000 USD
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410766000 USD
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32200000 USD
CY2018 us-gaap Depreciation
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31100000 USD
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29500000 USD
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3347000 USD
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26270000 USD
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23118000 USD
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19486000 USD
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54276000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
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17058000 USD
CY2017 ggg Deferred Federal State And Local Income Tax Expense Benefit
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35782000 USD
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CY2018 us-gaap Deferred Income Tax Expense Benefit
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15436000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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67100000 USD
CY2018 us-gaap Income Taxes Paid
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58100000 USD
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61000000.0 USD
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0.21
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0.21
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0
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-0.06
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.01
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.01
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.01
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0.01
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0.01
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.02
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-0.03
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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3142000 USD
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2785000 USD
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0
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0
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0
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0.01
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0.27
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1012000 USD
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1280000 USD
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1284000 USD
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2095000 USD
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1778000 USD
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2335000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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38735000 USD
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37208000 USD
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22884000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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4625000 USD
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4491000 USD
CY2019Q4 ggg Deferred Taxes Business Combination Acquisition Costs
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407000 USD
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601000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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1960000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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1994000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
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929000 USD
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1638000 USD
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590000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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75000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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75000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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0 USD
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7732000 USD
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1851000 USD
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1260000 USD
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28551000 USD
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
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15469000 USD
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68900000 USD
CY2018Q4 us-gaap Deferred Tax Assets Gross
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56100000 USD
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40400000 USD
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
40600000 USD
CY2019Q4 us-gaap Debt Instrument Face Amount
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172030000 USD
CY2018Q4 us-gaap Debt Instrument Face Amount
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277474000 USD
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165000000 USD
CY2018Q4 us-gaap Long Term Debt Fair Value
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235000000 USD
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594000000 USD
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14298000 USD
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CY2018 us-gaap Interest Paid
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2020-01-29
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21.99
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
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12.86
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
137000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
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26.63
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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18.33
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1652000 USD
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-12787000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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-7106000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2018 us-gaap Stock Repurchased During Period Shares
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700000 shares
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28200000 USD
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43.33
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0.03
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2019 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
3300000 USD
CY2018 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
4400000 USD
CY2017 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
4500000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
16605000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.42
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
15.13
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1725000 shares
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
30.71
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1163000 shares
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
44.05
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2081000 shares
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
18.17
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1886000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
102000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
28.59
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
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1781000 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
46.36
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
17.64
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
53000 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
33.13
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
12112000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
28.91
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
8231000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
23.75
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
233200000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y8M12D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
12100000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
280600000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
28.91
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y9M18D
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
32749000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11158000 USD
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
48833000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
57419000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
57979000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
119442000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
12000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
12000000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
42000000 USD
CY2019 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
397833 shares
CY2018 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
480461 shares
CY2017 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
499956 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
31000000 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
22310000 shares
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26669000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25565000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23652000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2100000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3500000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
5100000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
24569000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
22065000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
18552000 USD
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9900000 USD
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M
CY2019 us-gaap Net Income Loss
NetIncomeLoss
343853000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
341054000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
252412000 USD
CY2019 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
166515000 shares
CY2018 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
167364000 shares
CY2017 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
167925000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5109000 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5849000 shares
CY2017 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6393000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
171624000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
173213000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
174318000 shares
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.06
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.04
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.50
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.00
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.97
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.45
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1100000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1100000 shares
CY2019 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
CY2019 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.03
CY2019 ggg Defined Contribution Plan Employer Matching Contribution For Employees Not Covered By Defined Benefit Plan Percent
DefinedContributionPlanEmployerMatchingContributionForEmployeesNotCoveredByDefinedBenefitPlanPercent
0.015
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8400000 USD
CY2019 ggg Defined Contribution Plan Employer Matching Contributionfor Employees Not Coveredby Defined Benefit Plan Future Percent
DefinedContributionPlanEmployerMatchingContributionforEmployeesNotCoveredbyDefinedBenefitPlanFuturePercent
0.020
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8000000.0 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
7800000 USD
CY2019 ggg Defined Benefit Plans Service Periodfor Determining Benefits
DefinedBenefitPlansServicePeriodforDeterminingBenefits
P5Y
CY2019 ggg Defined Benefit Plans Service Period Years Eligiblefor Benefits Calculation
DefinedBenefitPlansServicePeriodYearsEligibleforBenefitsCalculation
P10Y
CY2018Q3 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
40000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
410000000 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
344000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
402900000 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
371282000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
363497000 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
343705000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
254493000 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
269253000 USD
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
35000000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y8M12D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
11500000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
11000000.0 USD
CY2019Q4 ggg Operating Lease Rightof Use Asset Additions
OperatingLeaseRightofUseAssetAdditions
2400000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8222000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8237000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5657000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4226000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1843000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
7490000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
35675000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3809000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
31866000 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
CY2019Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
83000000 USD
CY2019Q4 us-gaap Purchase Obligation
PurchaseObligation
44000000 USD
CY2019Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
10000000 USD
CY2019Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
8000000 USD
CY2019Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
2000000 USD
CY2019Q4 us-gaap Contractual Obligation Due In Fourth And Fifth Year
ContractualObligationDueInFourthAndFifthYear
1000000 USD
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2000000 USD
CY2019Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
42000000 USD
CY2019Q1 us-gaap Revenues
Revenues
404870000 USD
CY2019Q2 us-gaap Revenues
Revenues
428328000 USD
CY2019Q4 us-gaap Gross Profit
GrossProfit
209381000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
86749000 USD
CY2019Q3 us-gaap Revenues
Revenues
400555000 USD
CY2019Q4 us-gaap Revenues
Revenues
412292000 USD
CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
84835000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
88137000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
84132000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
216042000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
226954000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
207379000 USD
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.16
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.16
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.16
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2018Q1 us-gaap Revenues
Revenues
406348000 USD
CY2018Q2 us-gaap Revenues
Revenues
424570000 USD
CY2018Q3 us-gaap Revenues
Revenues
415936000 USD
CY2018Q4 us-gaap Revenues
Revenues
406438000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
222421000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
229903000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
221459000 USD
CY2018Q4 us-gaap Gross Profit
GrossProfit
208756000 USD
CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
85510000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
89140000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
92681000 USD
CY2018Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
73723000 USD
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2018Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.16

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