2021 Q1 Form 10-K Financial Statement

#000004288821000011 Filed on February 16, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2019 Q4
Revenue $454.1M $470.3M $412.3M
YoY Change 21.57% 14.08% 1.44%
Cost Of Revenue $206.8M $225.5M $202.9M
YoY Change 18.21% 11.14% 2.63%
Gross Profit $247.3M $244.8M $209.4M
YoY Change 24.52% 16.93% 0.3%
Gross Profit Margin 54.46% 52.05% 50.78%
Selling, General & Admin $99.48M $93.20M $88.30M
YoY Change 8.44% 5.55% -8.21%
% of Gross Profit 40.22% 38.07% 42.17%
Research & Development $19.57M $19.50M $16.90M
YoY Change 14.58% 15.38% 5.63%
% of Gross Profit 7.91% 7.96% 8.07%
Depreciation & Amortization $14.52M $14.60M $12.50M
YoY Change 11.12% 16.8% 2.46%
% of Gross Profit 5.87% 5.96% 5.97%
Operating Expenses $119.0M $112.7M $105.2M
YoY Change 9.4% 7.13% -6.24%
Operating Profit $128.3M $132.1M $104.2M
YoY Change 42.84% 26.82% 7.9%
Interest Expense $2.428M -$2.600M -$2.500M
YoY Change -2.33% 4.0% -32.43%
% of Operating Profit 1.89% -1.97% -2.4%
Other Income/Expense, Net -$121.0K $0.00 -$1.100M
YoY Change -97.68% -100.0% -62.07%
Pretax Income $125.7M $129.5M $100.5M
YoY Change 53.15% 28.86% 11.67%
Income Tax $20.05M $14.80M $15.70M
% Of Pretax Income 15.95% 11.43% 15.62%
Net Earnings $105.7M $114.7M $84.80M
YoY Change 45.14% 35.26% 15.06%
Net Earnings / Revenue 23.27% 24.39% 20.57%
Basic Earnings Per Share $0.63 $0.68 $0.51
Diluted Earnings Per Share $0.61 $0.66 $0.49
COMMON SHARES
Basic Shares Outstanding 168.8M shares 167.5M shares 166.8M shares
Diluted Shares Outstanding 173.8M shares

Balance Sheet

Concept 2021 Q1 2020 Q4 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $460.6M $378.9M $221.0M
YoY Change 0.85% 71.45% 67.3%
Cash & Equivalents $460.6M $378.9M $221.0M
Short-Term Investments
Other Short-Term Assets $31.93M $44.24M $29.92M
YoY Change 11.02% 47.88% -7.97%
Inventory $311.6M $285.7M $273.2M
Prepaid Expenses
Receivables $323.2M $314.9M $267.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.127B $1.024B $791.5M
YoY Change 7.5% 29.35% 9.44%
LONG-TERM ASSETS
Property, Plant & Equipment $360.4M $350.8M $325.5M
YoY Change 8.52% 7.74% 41.98%
Goodwill $343.0M $347.6M $307.7M
YoY Change 11.78% 12.98% 4.7%
Intangibles $152.8M $160.7M $162.6M
YoY Change -3.34% -1.2% -2.22%
Long-Term Investments
YoY Change
Other Assets $44.10M $41.67M $35.69M
YoY Change 33.58% 16.75% 27.38%
Total Long-Term Assets $960.3M $964.3M $900.7M
YoY Change 6.87% 7.06% 20.18%
TOTAL ASSETS
Total Short-Term Assets $1.127B $1.024B $791.5M
Total Long-Term Assets $960.3M $964.3M $900.7M
Total Assets $2.088B $1.988B $1.692B
YoY Change 7.21% 17.49% 14.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $66.24M $58.31M $54.12M
YoY Change 2.98% 7.74% -4.89%
Accrued Expenses $86.90M $96.40M $87.70M
YoY Change 29.12% 9.92% -5.39%
Deferred Revenue $45.20M $41.69M $33.14M
YoY Change 6.32% 25.8% -17.14%
Short-Term Debt $31.70M $22.20M $7.700M
YoY Change -30.63% 188.31% -30.63%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $323.5M $321.4M $285.3M
YoY Change 3.77% 12.64% -4.83%
LONG-TERM LIABILITIES
Long-Term Debt $150.0M $150.0M $164.3M
YoY Change -62.5% -8.7% -38.32%
Other Long-Term Liabilities $8.600M $8.600M $0.00
YoY Change -95.84% -100.0%
Total Long-Term Liabilities $158.6M $158.6M $164.3M
YoY Change -60.35% -3.47% -39.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $323.5M $321.4M $285.3M
Total Long-Term Liabilities $158.6M $158.6M $164.3M
Total Liabilities $482.1M $480.0M $449.6M
YoY Change -32.26% 6.75% -21.24%
SHAREHOLDERS EQUITY
Retained Earnings $642.3M $568.3M $449.0M
YoY Change 56.1% 26.57% 103.41%
Common Stock $872.2M $839.8M $745.7M
YoY Change 11.89% 12.61% 10.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.383B $1.284B $1.025B
YoY Change
Total Liabilities & Shareholders Equity $2.088B $1.988B $1.692B
YoY Change 7.21% 17.49% 14.9%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2019 Q4
OPERATING ACTIVITIES
Net Income $105.7M $114.7M $84.80M
YoY Change 45.14% 35.26% 15.06%
Depreciation, Depletion And Amortization $14.52M $14.60M $12.50M
YoY Change 11.12% 16.8% 2.46%
Cash From Operating Activities $101.7M $131.3M $119.2M
YoY Change 87.47% 10.15% 4.84%
INVESTING ACTIVITIES
Capital Expenditures $21.42M -$25.50M -$25.50M
YoY Change 13.04% 0.0% 78.32%
Acquisitions $0.00
YoY Change
Other Investing Activities $34.00K -$100.0K -$7.300M
YoY Change -86.72% -98.63% 3550.0%
Cash From Investing Activities -$21.45M -$25.60M -$32.80M
YoY Change 11.71% -21.95% 126.21%
FINANCING ACTIVITIES
Cash Dividend Paid $31.64M
YoY Change 7.87%
Common Stock Issuance & Retirement, Net -$26.46M
YoY Change -161.12%
Debt Paid & Issued, Net $0.00
YoY Change
Cash From Financing Activities $3.081M -152.4M -45.10M
YoY Change -98.46% 237.92% -56.17%
NET CHANGE
Cash From Operating Activities $101.7M 131.3M 119.2M
Cash From Investing Activities -$21.45M -25.60M -32.80M
Cash From Financing Activities $3.081M -152.4M -45.10M
Net Change In Cash $81.71M -46.70M 41.30M
YoY Change -65.33% -213.08% -1216.22%
FREE CASH FLOW
Cash From Operating Activities $101.7M $131.3M $119.2M
Capital Expenditures $21.42M -$25.50M -$25.50M
Free Cash Flow $80.25M $156.8M $144.7M
YoY Change 127.42% 8.36% 13.05%

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CY2020 us-gaap Fiscal Period
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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 December 25, 2020, December 27, 2019 and December 28, 2018 were 52-week years.
CY2020 dei Document Period End Date
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CY2020 dei Document Period End Date
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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.
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33100000 USD
CY2020 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><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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><span><br/></span></div><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 December 25, 2020, totaled $38 million. 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>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.
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
38000000 USD
CY2020Q4 us-gaap Foreign Currency Fair Value Hedge Asset At Fair Value
ForeignCurrencyFairValueHedgeAssetAtFairValue
114000 USD
CY2020 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2019Q4 us-gaap Foreign Currency Fair Value Hedge Asset At Fair Value
ForeignCurrencyFairValueHedgeAssetAtFairValue
0 USD
CY2020Q4 us-gaap Foreign Currency Fair Value Hedge Liability At Fair Value
ForeignCurrencyFairValueHedgeLiabilityAtFairValue
98000 USD
CY2019Q4 us-gaap Foreign Currency Fair Value Hedge Liability At Fair Value
ForeignCurrencyFairValueHedgeLiabilityAtFairValue
87000 USD
CY2020Q4 us-gaap Foreign Currency Fair Value Hedge Derivative At Fair Value Net
ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet
16000 USD
CY2019Q4 us-gaap Foreign Currency Fair Value Hedge Derivative At Fair Value Net
ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet
-87000 USD
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
6 segment
CY2020 us-gaap Revenues
Revenues
1650115000 USD
CY2019 us-gaap Revenues
Revenues
1646045000 USD
CY2018 us-gaap Revenues
Revenues
1653292000 USD
CY2020 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
35229000 USD
CY2019 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
CY2018 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
391718000 USD
CY2019 us-gaap Operating Income Loss
OperatingIncomeLoss
424456000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
436427000 USD
CY2020Q4 us-gaap Assets
Assets
1988128000 USD
CY2019Q4 us-gaap Assets
Assets
1692210000 USD
CY2020 us-gaap Revenues
Revenues
1650115000 USD
CY2019 us-gaap Revenues
Revenues
1646045000 USD
CY2018 us-gaap Revenues
Revenues
1653292000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
350750000 USD
CY2019Q4 us-gaap Noncurrent Assets
NoncurrentAssets
325546000 USD
CY2020 us-gaap Depreciation
Depreciation
37800000 USD
CY2019 us-gaap Depreciation
Depreciation
32200000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
133122000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
132128000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
83791000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
86957000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
129319000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
117026000 USD
CY2020Q4 us-gaap Inventory Gross
InventoryGross
346232000 USD
CY2019Q4 us-gaap Inventory Gross
InventoryGross
336111000 USD
CY2020Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
60528000 USD
CY2019Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
62878000 USD
CY2018 us-gaap Depreciation
Depreciation
31100000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
285704000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
273233000 USD
CY2020Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
150100000 USD
CY2019Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
140300000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
738381000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
680204000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
387631000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
354658000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
350750000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
325546000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
39015000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
289708000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
294402000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
310999000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
84943000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
111475000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
99767000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
374651000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
405877000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
410766000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
11509000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
27760000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3217000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3347000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3398000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
18722000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
26270000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
23118000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
33448000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
68632000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
54276000 USD
CY2020 ggg Deferred Federal State And Local Income Tax Expense Benefit
DeferredFederalStateAndLocalIncomeTaxExpenseBenefit
12856000 USD
CY2019 ggg Deferred Federal State And Local Income Tax Expense Benefit
DeferredFederalStateAndLocalIncomeTaxExpenseBenefit
-151000 USD
CY2018 ggg Deferred Federal State And Local Income Tax Expense Benefit
DeferredFederalStateAndLocalIncomeTaxExpenseBenefit
17058000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2109000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-6457000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1622000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10747000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6608000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15436000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
44195000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
62024000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
69712000 USD
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
44000000.0 USD
CY2019 us-gaap Income Taxes Paid
IncomeTaxesPaid
67100000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
58100000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.01
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.02
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.01
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.01
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.01
CY2020 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
-0.02
CY2019 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.06
CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.03
CY2018 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.02
CY2020 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.01
CY2018 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.01
CY2020 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.03
CY2019 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.03
CY2018 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.02
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.12
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.15
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.17
CY2020Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
586000 USD
CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
966000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
1164000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsSelfInsurance
1280000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
2062000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
2095000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
3249000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsences
2335000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
3650000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
3142000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
49377000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
38735000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
30942000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
32079000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
4808000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
4625000 USD
CY2020Q4 ggg Deferred Taxes Business Combination Acquisition Costs
DeferredTaxesBusinessCombinationAcquisitionCosts
389000 USD
CY2019Q4 ggg Deferred Taxes Business Combination Acquisition Costs
DeferredTaxesBusinessCombinationAcquisitionCosts
407000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
11743000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
13979000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
2075000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
1960000 USD
CY2020Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
440000 USD
CY2019Q4 us-gaap Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
929000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1792000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
1638000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
2041000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Other
DeferredTaxAssetsTaxDeferredExpenseOther
1851000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
15564000 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
28551000 USD
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
67000000.0 USD
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
68900000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
51400000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
40400000 USD
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
172183000 USD
CY2019Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
172030000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
170000000 USD
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
165000000 USD
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
598000000 USD
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
22183000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
75000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
75000000 USD
CY2020 us-gaap Interest Paid
InterestPaid
11300000 USD
CY2019 us-gaap Interest Paid
InterestPaid
13500000 USD
CY2018 us-gaap Interest Paid
InterestPaid
14000000.0 USD
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-127789000 USD
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-8805000 USD
CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-7190000 USD
CY2018 ggg Reclassifiedto Retained Earningsfrom Aoci
ReclassifiedtoRetainedEarningsfromAOCI
-15453000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-144857000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-32036000 USD
CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-7106000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-169787000 USD
CY2020 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
38178000 USD
CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-7444000 USD
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-124165000 USD
CY2020 us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
24000000 USD
CY2018Q4 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1
15500000 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2020 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2400000 USD
CY2019 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
3300000 USD
CY2018 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
4400000 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
13290000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.99
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
7729000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
18.33
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
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
18.17
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
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20.17
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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 Stock Issued During Period Shares Stock Options Exercised
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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
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
23.75
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1400000 shares
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
55.26
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
20.81
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
66000 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
41.24
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10208000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
35.02
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
6553000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
10200000 shares
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
386100000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
35.02
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
28.02
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
293700000 USD
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y9M18D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
66625000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
32749000 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11158000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
120395000 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
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
25000000 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
CY2020 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
399567 shares
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
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
31000000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
20922000 shares
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25153000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26669000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
25565000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1700000 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
CY2020 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
23453000 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
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
9000000.0 USD
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2020 us-gaap Net Income Loss
NetIncomeLoss
330456000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
343853000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
341054000 USD
CY2020 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
167462000 shares
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
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4546000 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
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
172008000 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
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.97
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.06
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.04
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.92
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.00
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.97
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1100000 shares
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
1
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.03
CY2020 ggg Defined Contribution Plan Employer Matching Contribution For Employees Not Covered By Defined Benefit Plan Percent
DefinedContributionPlanEmployerMatchingContributionForEmployeesNotCoveredByDefinedBenefitPlanPercent
0.020
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8700000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8400000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8000000.0 USD
CY2020 ggg Defined Benefit Plans Service Periodfor Determining Benefits
DefinedBenefitPlansServicePeriodforDeterminingBenefits
P5Y
CY2020 ggg Defined Benefit Plans Service Period Years Eligiblefor Benefits Calculation
DefinedBenefitPlansServicePeriodYearsEligibleforBenefitsCalculation
P10Y
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
20000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
465000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
410000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
463959000 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
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
418372000 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
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
317727000 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
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y3M18D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.031
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
11100000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
11200000 USD
CY2020Q4 ggg Operating Lease Rightof Use Asset Additions
OperatingLeaseRightofUseAssetAdditions
13200000 USD
CY2020Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
139000000 USD
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Purchase Obligation
PurchaseObligation
59000000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9418000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8369000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5719000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4691000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4142000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
12388000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
44727000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4325000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
40402000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
7000000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
6000000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Third Year
ContractualObligationDueInThirdYear
3000000 USD
CY2020Q4 us-gaap Contractual Obligation Due In Fourth And Fifth Year
ContractualObligationDueInFourthAndFifthYear
4000000 USD
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3000000 USD
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-25
CY2020Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
4000000 USD
CY2020Q1 us-gaap Revenues
Revenues
373567000 USD
CY2020Q2 us-gaap Revenues
Revenues
366892000 USD
CY2020Q3 us-gaap Revenues
Revenues
439316000 USD
CY2020Q4 us-gaap Revenues
Revenues
470340000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
198631000 USD
CY2020Q2 us-gaap Gross Profit
GrossProfit
182529000 USD
CY2020Q3 us-gaap Gross Profit
GrossProfit
228953000 USD
CY2020Q4 us-gaap Gross Profit
GrossProfit
244824000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
72818000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
28832000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
114115000 USD
CY2020Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
114691000 USD
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.19
CY2019Q1 us-gaap Revenues
Revenues
404870000 USD
CY2019Q2 us-gaap Revenues
Revenues
428328000 USD
CY2019Q3 us-gaap Revenues
Revenues
400555000 USD
CY2019Q4 us-gaap Revenues
Revenues
412292000 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
CY2019Q4 us-gaap Gross Profit
GrossProfit
209381000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
86749000 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
CY2019Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
84835000 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

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