$GGG
GRACO INC

2020 Q3 Form 10-Q Financial Statement

#000004288820000038 Filed on July 22, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2020 Q2 2019 Q2
Revenue $439.3M $366.9M $428.3M
YoY Change 9.68% -14.34% 0.89%
Cost Of Revenue $210.4M $184.4M $201.4M
YoY Change 8.9% -8.45% 3.45%
Gross Profit $229.0M $182.5M $227.0M
YoY Change 10.4% -19.57% -1.28%
Gross Profit Margin 52.12% 49.75% 52.99%
Selling, General & Admin $85.97M $84.85M $97.27M
YoY Change -1.48% -12.77% -3.13%
% of Gross Profit 37.55% 46.48% 42.86%
Research & Development $17.72M $17.95M $17.32M
YoY Change 5.93% 3.6% 7.52%
% of Gross Profit 7.74% 9.83% 7.63%
Depreciation & Amortization $13.70M $13.90M $12.10M
YoY Change 11.38% 14.88% 9.01%
% of Gross Profit 5.98% 7.62% 5.33%
Operating Expenses $103.7M $102.8M $114.6M
YoY Change -0.29% -10.3% -1.66%
Operating Profit $125.0M $44.77M $112.4M
YoY Change 20.9% -60.15% -0.9%
Interest Expense $2.964M $3.258M $3.431M
YoY Change -18.08% -5.04% -11.82%
% of Operating Profit 2.37% 7.28% 3.05%
Other Income/Expense, Net -$1.025M $510.0K -$1.119M
YoY Change -65.51% -145.58% -73.68%
Pretax Income $121.0M $42.03M $107.8M
YoY Change 25.0% -61.02% 2.45%
Income Tax $6.901M $13.19M $19.67M
% Of Pretax Income 5.7% 31.39% 18.25%
Net Earnings $114.1M $28.83M $88.14M
YoY Change 35.64% -67.29% -1.13%
Net Earnings / Revenue 25.98% 7.86% 20.58%
Basic Earnings Per Share $0.68 $0.17 $0.53
Diluted Earnings Per Share $0.66 $0.17 $0.51
COMMON SHARES
Basic Shares Outstanding 166.7M shares 166.6M shares 166.5M shares
Diluted Shares Outstanding 171.7M shares 170.5M shares 172.0M shares

Balance Sheet

Concept 2020 Q3 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $424.7M $432.7M $180.9M
YoY Change 139.54% 139.19% 64.6%
Cash & Equivalents $424.7M $432.7M $180.9M
Short-Term Investments
Other Short-Term Assets $37.81M $31.29M $29.46M
YoY Change 28.96% 6.21% -19.86%
Inventory $283.7M $291.4M $297.5M
Prepaid Expenses
Receivables $315.0M $282.9M $291.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.061B $1.038B $798.9M
YoY Change 37.35% 29.97% 12.63%
LONG-TERM ASSETS
Property, Plant & Equipment $332.3M $327.5M $286.5M
YoY Change 7.65% 14.29% 33.27%
Goodwill $342.3M $338.7M $296.3M
YoY Change 13.58% 14.33% 0.66%
Intangibles $160.7M $162.3M $163.6M
YoY Change -0.54% -0.79% -6.11%
Long-Term Investments
YoY Change
Other Assets $34.01M $32.91M $30.44M
YoY Change 12.5% 8.13% -3.23%
Total Long-Term Assets $932.8M $924.2M $841.7M
YoY Change 7.86% 9.8% 10.21%
TOTAL ASSETS
Total Short-Term Assets $1.061B $1.038B $798.9M
Total Long-Term Assets $932.8M $924.2M $841.7M
Total Assets $1.994B $1.962B $1.641B
YoY Change 21.78% 19.62% 11.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.46M $48.26M $61.96M
YoY Change 1.06% -22.11% 13.03%
Accrued Expenses $80.90M $70.40M $82.50M
YoY Change -6.15% -14.67% 12.24%
Deferred Revenue $52.21M $50.28M $41.51M
YoY Change 11.81% 21.13%
Short-Term Debt $44.00M $20.60M $7.300M
YoY Change 836.17% 182.19% 12.31%
Long-Term Debt Due $75.00M
YoY Change
Total Short-Term Liabilities $326.5M $310.4M $359.6M
YoY Change 13.54% -13.69% 34.42%
LONG-TERM LIABILITIES
Long-Term Debt $275.0M $400.0M $179.1M
YoY Change 43.15% 123.36% -39.76%
Other Long-Term Liabilities $8.600M $8.600M $0.00
YoY Change -100.0%
Total Long-Term Liabilities $283.6M $408.6M $179.1M
YoY Change 47.63% 128.16% -40.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $326.5M $310.4M $359.6M
Total Long-Term Liabilities $283.6M $408.6M $179.1M
Total Liabilities $610.1M $719.0M $538.7M
YoY Change 27.19% 33.47% -5.36%
SHAREHOLDERS EQUITY
Retained Earnings $485.2M $400.2M $342.3M
YoY Change 22.12% 16.9% 84.63%
Common Stock $811.6M $790.5M $723.0M
YoY Change 11.12% 9.34% 7.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.166B $1.027B $926.0M
YoY Change
Total Liabilities & Shareholders Equity $1.994B $1.962B $1.641B
YoY Change 21.78% 19.62% 11.38%

Cashflow Statement

Concept 2020 Q3 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $114.1M $28.83M $88.14M
YoY Change 35.64% -67.29% -1.13%
Depreciation, Depletion And Amortization $13.70M $13.90M $12.10M
YoY Change 11.38% 14.88% 9.01%
Cash From Operating Activities $120.1M $88.40M $113.3M
YoY Change -11.5% -21.98% 1.16%
INVESTING ACTIVITIES
Capital Expenditures -$13.20M -$13.70M -$39.80M
YoY Change -59.13% -65.58% 116.3%
Acquisitions
YoY Change
Other Investing Activities -$200.0K -$27.10M -$1.300M
YoY Change -98.48% 1984.62% -533.33%
Cash From Investing Activities -$13.40M -$40.80M -$41.00M
YoY Change -70.55% -0.49% 125.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -116.1M -71.20M -11.70M
YoY Change 29.14% 508.55% -88.22%
NET CHANGE
Cash From Operating Activities 120.1M 88.40M 113.3M
Cash From Investing Activities -13.40M -40.80M -41.00M
Cash From Financing Activities -116.1M -71.20M -11.70M
Net Change In Cash -9.400M -23.60M 60.60M
YoY Change -3233.33% -138.94% -1201.82%
FREE CASH FLOW
Cash From Operating Activities $120.1M $88.40M $113.3M
Capital Expenditures -$13.20M -$13.70M -$39.80M
Free Cash Flow $133.3M $102.1M $153.1M
YoY Change -20.65% -33.31% 17.41%

Facts In Submission

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us-gaap Depreciation Depletion And Amortization
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26966000 USD
us-gaap Depreciation Depletion And Amortization
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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34962000 USD
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19705000 USD
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16051000 USD
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22662000 USD
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342000 USD
us-gaap Increase Decrease In Accounts Payable Trade
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4603000 USD
us-gaap Increase Decrease In Accrued Salaries
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us-gaap Increase Decrease In Accrued Salaries
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us-gaap Increase Decrease In Pension And Postretirement Obligations
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6134000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
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5780000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
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12578000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
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-10789000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-2151000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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690000 USD
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142550000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Repayments Of Lines Of Credit
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us-gaap Proceeds From Repayments Of Lines Of Credit
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us-gaap Proceeds From Issuance Of Long Term Debt
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250000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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23944000 USD
us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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36453000 USD
us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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33954000 USD
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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2438000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1796000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1268000 USD
us-gaap Payments Of Dividends
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58490000 USD
us-gaap Payments Of Dividends
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53075000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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129020000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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196000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
432708000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
180883000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Stock Issued During Period Value New Issues
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8058000 USD
CY2020Q2 us-gaap Net Income Loss
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28832000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2020Q2 us-gaap Dividends Common Stock Cash
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CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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dei Document Period End Date
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2020-06-26
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Repurchased During Period Value
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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13992000 USD
us-gaap Net Income Loss
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101650000 USD
us-gaap Common Stock Dividends Per Share Declared
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us-gaap Dividends Common Stock Cash
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us-gaap Other Comprehensive Income Loss Net Of Tax
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dei Document Period End Date
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2020-06-26
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q2 us-gaap Stock Issued During Period Value New Issues
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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8425000 USD
CY2019Q2 us-gaap Net Income Loss
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88137000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
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0.160
CY2019Q2 us-gaap Dividends Common Stock Cash
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CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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2719000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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14281000 USD
us-gaap Net Income Loss
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us-gaap Common Stock Dividends Per Share Declared
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0.320
us-gaap Dividends Common Stock Cash
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us-gaap Other Comprehensive Income Loss Net Of Tax
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5545000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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925958000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
us-gaap Number Of Reportable Segments
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3 segment
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Revenues
Revenues
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CY2019Q2 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
740459000 USD
us-gaap Revenues
Revenues
833198000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
44773000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
112361000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
OperatingIncomeLoss
216888000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Assets
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us-gaap Revenues
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740459000 USD
us-gaap Revenues
Revenues
833198000 USD
CY2019Q4 us-gaap Assets
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dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Revenues
Revenues
366892000 USD
CY2019Q2 us-gaap Revenues
Revenues
428328000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Noncurrent Assets
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CY2019Q4 us-gaap Noncurrent Assets
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dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Net Income Loss
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28832000 USD
CY2019Q2 us-gaap Net Income Loss
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us-gaap Earnings Per Share Basic
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us-gaap Net Income Loss
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101650000 USD
us-gaap Net Income Loss
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174886000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Issued Basic
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CY2019Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
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us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
167320000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
166150000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3886000 shares
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5363000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4276000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
5303000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
170549000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
172047000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
171596000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.02
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
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CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
23.75
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
55.26
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
us-gaap Allocated Share Based Compensation Expense
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us-gaap Stock Issued During Period Shares Stock Options Exercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
19.36
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
45.43
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.84
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
26.62
us-gaap Allocated Share Based Compensation Expense
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CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
14600000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P2Y2M12D
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2020Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1892000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
2079000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
4026000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-142031000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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1232000 USD
CY2019Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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1487000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
2401000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3144000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-139312000 USD
CY2020Q2 us-gaap Inventory Gross
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355315000 USD
CY2019Q4 us-gaap Inventory Gross
InventoryGross
336111000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Inventory Finished Goods
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145299000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
132128000 USD
CY2020Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
86075000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
86957000 USD
CY2020Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
123941000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
117026000 USD
CY2020Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
63873000 USD
CY2019Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
62878000 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
291442000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
273233000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3800000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8200000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
275445000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
99909000 USD
ggg Intangible Assets Translation Adjustments
IntangibleAssetsTranslationAdjustments
-13265000 USD
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
162271000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
269663000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
91940000 USD
CY2019 ggg Intangible Assets Translation Adjustments
IntangibleAssetsTranslationAdjustments
-15100000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
162623000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4100000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7700000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
16595000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
16570000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
16483000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
15552000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
14009000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
32007000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
307663000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
29273000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1799000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Goodwill
Goodwill
338735000 USD
CY2019Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
13722000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
7622000 USD
CY2019Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
7570000 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12578000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12785000 USD
CY2020Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
6144000 USD
CY2019Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
8390000 USD
CY2020Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
6257000 USD
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
50281000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
33138000 USD
CY2020Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
16839000 USD
CY2019Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
8706000 USD
CY2020Q2 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
13730000 USD
CY2019Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
13791000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
8822000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7690000 USD
CY2020Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
24608000 USD
CY2019Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
0 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
29956000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
37145000 USD
CY2020Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
176837000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
142937000 USD
ggg Impairment Other Current Liabilities Narrative
ImpairmentOtherCurrentLiabilitiesNarrative
35000000 USD
us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
24000000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12785000 USD
us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
155000 USD
us-gaap Product Warranty Expense
ProductWarrantyExpense
3318000 USD
ggg Product Warranty Margin Reversed
ProductWarrantyMarginReversed
1080000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4760000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12578000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
50300000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
33100000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
14200000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
29900000 USD
CY2020Q2 ggg Floating Rate Principal Maximum
FloatingRatePrincipalMaximum
100000000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
16264000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
17702000 USD
CY2020Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
15980000 USD
CY2019Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
13878000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
150000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
150000000 USD
CY2020Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
165000000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
165000000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
270000000 USD
CY2020Q2 us-gaap Other Receivables
OtherReceivables
13000000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2019Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
256000000 USD
CY2019Q4 us-gaap Other Receivables
OtherReceivables
11000000 USD
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
dei Document Period End Date
DocumentPeriodEndDate
2020-06-26
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4798000 USD
CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4412000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4828000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4771000 USD
CY2020Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
314000 USD
CY2019Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
192000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
631000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
222000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
38000 USD
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
146000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
291000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
690000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
85000 USD
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-435000 USD
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-9000 USD
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
12000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5159000 USD
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4315000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5159000 USD
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4315000 USD

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