2013 Q4 Form 10-K Financial Statement

#000095012315002691 Filed on February 17, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $271.9M $277.0M $286.0M
YoY Change 7.19% 8.02% 6.65%
Cost Of Revenue $124.7M $126.2M $127.3M
YoY Change 8.62% 8.26% -1.07%
Gross Profit $147.2M $150.9M $158.7M
YoY Change 5.98% 7.82% 13.77%
Gross Profit Margin 54.13% 54.46% 55.5%
Selling, General & Admin $69.80M $68.64M $71.10M
YoY Change 1.6% -3.48% -4.63%
% of Gross Profit 47.42% 45.49% 44.79%
Research & Development $14.00M $12.51M $12.47M
YoY Change 13.82% 0.18% -0.28%
% of Gross Profit 9.51% 8.29% 7.85%
Depreciation & Amortization $9.600M $9.100M $9.300M
YoY Change -7.69% -9.0% -9.71%
% of Gross Profit 6.52% 6.03% 5.86%
Operating Expenses $83.90M $81.15M $12.47M
YoY Change 3.58% -2.94% -85.68%
Operating Profit $63.30M $69.73M $146.3M
YoY Change 9.35% 23.78% 178.75%
Interest Expense -$4.300M $4.450M -$4.600M
YoY Change -14.0% -14.96% -185.84%
% of Operating Profit -6.79% 6.38% -3.14%
Other Income/Expense, Net $3.500M $8.425M $10.90M
YoY Change -39.66% 160.59% 236.84%
Pretax Income $62.50M $73.70M $81.40M
YoY Change 6.47% 35.65% 61.66%
Income Tax $17.80M $17.60M $23.60M
% Of Pretax Income 28.48% 23.88% 28.99%
Net Earnings $44.70M $56.10M $57.80M
YoY Change 5.67% 51.21% 68.02%
Net Earnings / Revenue 16.44% 20.25% 20.21%
Basic Earnings Per Share $0.73 $0.91 $0.94
Diluted Earnings Per Share $0.71 $0.89 $0.92
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding 63.00M shares 62.84M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $442.1M $439.6M $453.5M
YoY Change -3.45% -3.19% 0.8%
Cash & Equivalents $19.76M $17.30M $27.60M
Short-Term Investments $422.3M $422.3M $426.0M
Other Short-Term Assets $14.63M $27.60M $27.00M
YoY Change 91.81% 350.69% 303.35%
Inventory $133.8M $132.7M $133.3M
Prepaid Expenses
Receivables $183.3M $194.9M $196.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $792.6M $794.8M $810.6M
YoY Change 2.01% 2.42% 2.1%
LONG-TERM ASSETS
Property, Plant & Equipment $151.7M $149.6M $149.0M
YoY Change 0.11% -2.14% -3.42%
Goodwill $190.0M
YoY Change 4.82%
Intangibles $147.9M
YoY Change -2.53%
Long-Term Investments
YoY Change
Other Assets $24.65M $62.30M $61.20M
YoY Change 13.87% 329.21% 328.51%
Total Long-Term Assets $534.6M $537.1M $529.9M
YoY Change -1.85% 2.51% 0.78%
TOTAL ASSETS
Total Short-Term Assets $792.6M $794.8M $810.6M
Total Long-Term Assets $534.6M $537.1M $529.9M
Total Assets $1.327B $1.332B $1.341B
YoY Change 0.42% 2.46% 1.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $34.28M $32.90M $34.30M
YoY Change 18.47% 15.09% 8.1%
Accrued Expenses $60.30M $55.90M $48.00M
YoY Change 10.44% 8.97% 7.87%
Deferred Revenue
YoY Change
Short-Term Debt $9.600M $9.500M $7.800M
YoY Change 18.52% 25.0% 23.81%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $168.9M $163.8M $154.9M
YoY Change 11.33% 13.91% 0.64%
LONG-TERM LIABILITIES
Long-Term Debt $408.4M $404.3M $465.8M
YoY Change -26.62% -31.43% -25.73%
Other Long-Term Liabilities $94.70M $140.7M $138.8M
YoY Change -31.28% 15.99% 6.69%
Total Long-Term Liabilities $408.4M $545.0M $604.6M
YoY Change -26.62% -7.57% -3.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $168.9M $163.8M $154.9M
Total Long-Term Liabilities $408.4M $545.0M $604.6M
Total Liabilities $577.2M $730.6M $780.4M
YoY Change -18.49% -0.38% -0.09%
SHAREHOLDERS EQUITY
Retained Earnings $272.7M
YoY Change 44.03%
Common Stock $408.1M
YoY Change 17.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $634.4M $601.3M $560.1M
YoY Change
Total Liabilities & Shareholders Equity $1.327B $1.332B $1.341B
YoY Change 0.42% 2.46% 1.57%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $44.70M $56.10M $57.80M
YoY Change 5.67% 51.21% 68.02%
Depreciation, Depletion And Amortization $9.600M $9.100M $9.300M
YoY Change -7.69% -9.0% -9.71%
Cash From Operating Activities $62.10M $80.80M $61.00M
YoY Change 7.63% 20.06% 48.06%
INVESTING ACTIVITIES
Capital Expenditures -$8.100M -$5.800M -$6.100M
YoY Change 84.09% 241.18% 8.93%
Acquisitions
YoY Change
Other Investing Activities -$13.20M $3.000M $0.00
YoY Change 80.82% -120.0% -100.0%
Cash From Investing Activities -$21.30M -$2.800M -$6.100M
YoY Change 82.05% -83.23% -99.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.40M -88.10M -65.90M
YoY Change -8.16% 93.63% -121.03%
NET CHANGE
Cash From Operating Activities 62.10M 80.80M 61.00M
Cash From Investing Activities -21.30M -2.800M -6.100M
Cash From Financing Activities -39.40M -88.10M -65.90M
Net Change In Cash 1.400M -10.10M -11.00M
YoY Change -54.84% -298.04% -96.38%
FREE CASH FLOW
Cash From Operating Activities $62.10M $80.80M $61.00M
Capital Expenditures -$8.100M -$5.800M -$6.100M
Free Cash Flow $70.20M $86.60M $67.10M
YoY Change 13.04% 25.51% 43.38%

Facts In Submission

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ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
4217000 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
30194000 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1378000 USD
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
54302000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
232671000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
6634000 USD
CY2014 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
717845000 USD
CY2014 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
6634000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
195326000 USD
CY2014 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
-530000 USD
CY2013 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
-4516000 USD
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
9405000 USD
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2475000 USD
CY2014 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1163000 USD
CY2014 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-4459000 USD
CY2013 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
1280000 USD
CY2012 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-619000 USD
CY2014 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
0 USD
CY2013 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
1600000 USD
CY2012 us-gaap Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
0 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
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30194000 USD
CY2012 us-gaap Stock Repurchased During Period Value
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1378000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11941000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
4817000 USD
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
56062000 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
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30199000 USD
CY2014 us-gaap Stock Repurchased During Period Value
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CY2014 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
16253000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
6734000 USD
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
67271000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
454114000 USD
CY2013 us-gaap Stock Issued During Period Value New Issues
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42342000 USD
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
70157000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14693000 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
8647000 USD
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
62814000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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322740000 USD
CY2014 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2014 us-gaap Fiscal Period
FiscalPeriod
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The fiscal year of Graco Inc. and Subsidiaries (the </font><font style="font-family:Times New Roman;font-size:10pt;">&#8220;</font><font style="font-family:Times New Roman;font-size:10pt;">Company</font><font style="font-family:Times New Roman;font-size:10pt;">&#8221;</font><font style="font-family:Times New Roman;font-size:10pt;">) is 52 or 53 weeks, ending on the las</font><font style="font-family:Times New Roman;font-size:10pt;">t Friday in December. The y</font><font style="font-family:Times New Roman;font-size:10pt;">ears ended </font><font style="font-family:Times New Roman;font-size:10pt;">December 26, 2014</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">December 27, 2013</font><font style="font-family:Times New Roman;font-size:10pt;"> and December 28, 2012</font><font style="font-family:Times New Roman;font-size:10pt;">,</font><font style="font-family:Times New Roman;font-size:10pt;"> were 52-week years.</font></p>
CY2014 us-gaap Basis Of Accounting
BasisOfAccounting
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The consolidated financial statements include the accounts of the parent company and its subsidiaries after elimination of intercompany balances and transactions. As of December 26, 2014</font><font style="font-family:Times New Roman;font-size:10pt;">, all subsidiaries are 100 percent owne</font><font style="font-family:Times New Roman;font-size:10pt;">d.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">A</font><font style="font-family:Times New Roman;font-size:10pt;">s more fully described in N</font><font style="font-family:Times New Roman;font-size:10pt;">ote </font><font style="font-family:Times New Roman;font-size:10pt;">L, the Company pu</font><font style="font-family:Times New Roman;font-size:10pt;">rchased </font><font style="font-family:Times New Roman;font-size:10pt;">the</font><font style="font-family:Times New Roman;font-size:10pt;"> Powder Finishing and Liquid F</font><font style="font-family:Times New Roman;font-size:10pt;">inishing businesses in April 2012. </font><font style="font-family:Times New Roman;font-size:10pt;">T</font><font style="font-family:Times New Roman;font-size:10pt;">he FTC </font><font style="font-family:Times New Roman;font-size:10pt;">issued an order requiring</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">the Company to hold the L</font><font style="font-family:Times New Roman;font-size:10pt;">iquid </font><font style="font-family:Times New Roman;font-size:10pt;">F</font><font style="font-family:Times New Roman;font-size:10pt;">inishing businesses separate from the rest of the Company's businesses</font><font style="font-family:Times New Roman;font-size:10pt;">.</font><font style="font-family:Times New Roman;font-size:10pt;"> Under terms of the hold separate order</font><font style="font-family:Times New Roman;font-size:10pt;">, the Company does not have the power t</font><font style="font-family:Times New Roman;font-size:10pt;">o direct the activities of the Liquid F</font><font style="font-family:Times New Roman;font-size:10pt;">inishing businesses that most significantly impact the economic performance of tho</font><font style="font-family:Times New Roman;font-size:10pt;">se businesses. </font><font style="font-family:Times New Roman;font-size:10pt;">Therefore, the C</font><font style="font-family:Times New Roman;font-size:10pt;">ompany has determined that the Liquid F</font><font style="font-family:Times New Roman;font-size:10pt;">inishing businesses are variable interest entities for which the Company is not the primary beneficiary, and that they should not be consolidated. Furthermore, the Company does not have</font><font style="font-family:Times New Roman;font-size:10pt;"> a controlling interest in the Liquid F</font><font style="font-family:Times New Roman;font-size:10pt;">inishing businesses, nor is it able to exert </font><font style="font-family:Times New Roman;font-size:10pt;">significant influence over the Liquid F</font><font style="font-family:Times New Roman;font-size:10pt;">inishing businesses. </font><font style="font-family:Times New Roman;font-size:10pt;">Consequently, the C</font><font style="font-family:Times New Roman;font-size:10pt;">ompany's investment in the shares of the </font><font style="font-family:Times New Roman;font-size:10pt;">Liquid F</font><font style="font-family:Times New Roman;font-size:10pt;">in</font><font style="font-family:Times New Roman;font-size:10pt;">ishing businesses, totaling $422</font><font style="font-family:Times New Roman;font-size:10pt;"> million, has been reflected as a cost-method investment on the Consolidated Balance Sheet </font><font style="font-family:Times New Roman;font-size:10pt;">as of </font><font style="font-family:Times New Roman;font-size:10pt;">December 26, 2014</font><font style="font-family:Times New Roman;font-size:10pt;">, and their</font><font style="font-family:Times New Roman;font-size:10pt;"> results of operations have not been consolidated with those of the Company</font><font style="font-family:Times New Roman;font-size:10pt;">.</font></p>
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">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.</font></p>
CY2014Q4 us-gaap Prepaid Taxes
PrepaidTaxes
10849000 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8525000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6739000 USD
CY2013Q4 us-gaap Prepaid Taxes
PrepaidTaxes
7894000 USD
CY2014 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
114331000 USD
CY2014 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-11724000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
181228000 USD
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6626000 USD
CY2013 us-gaap Goodwill Other Changes
GoodwillOtherChanges
-885000 USD
CY2013 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
2998000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
161587000 USD
CY2014Q4 ggg Finite Lived Intangible Assets Foreign Currency Translation
FiniteLivedIntangibleAssetsForeignCurrencyTranslation
7989000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
124480000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
137505000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32255000 USD
CY2013Q4 ggg Finite Lived Intangible Assets Foreign Currency Translation
FiniteLivedIntangibleAssetsForeignCurrencyTranslation
-1576000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
106826000 USD
CY2013Q4 ggg Other Intangible Assets Gross
OtherIntangibleAssetsGross
177905000 USD
CY2014Q4 ggg Other Intangible Assets Gross
OtherIntangibleAssetsGross
216852000 USD
CY2014Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
176278000 USD
CY2014Q4 us-gaap Capitalized Computer Software Net
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3596000 USD
CY2014Q4 us-gaap Deposits Assets Noncurrent
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3565000 USD
CY2012Q4 us-gaap Product Warranty Accrual
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7943000 USD
CY2013Q4 us-gaap Capitalized Computer Software Net
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3448000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15000000 USD
CY2014Q4 us-gaap Cash Surrender Value Of Life Insurance
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13187000 USD
CY2013Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
12611000 USD
CY2014Q4 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
5859000 USD
CY2013Q4 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
5569000 USD
CY2013Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
3017000 USD
CY2013 us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
1500000 USD
CY2013 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
1600000 USD
CY2014Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
7089000 USD
CY2013Q4 us-gaap Self Insurance Reserve Current
SelfInsuranceReserveCurrent
6381000 USD
CY2014Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
7697000 USD
CY2013Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
7908000 USD
CY2014Q4 ggg Customer Advances And Deferred Revenue Current
CustomerAdvancesAndDeferredRevenueCurrent
8918000 USD
CY2014Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
5997000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
25157000 USD
CY2013Q4 ggg Customer Advances And Deferred Revenue Current
CustomerAdvancesAndDeferredRevenueCurrent
11693000 USD
CY2013Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
4561000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
23608000 USD
CY2013 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-10110000 USD
CY2013 ggg Product Warranty Margin Reversed
ProductWarrantyMarginReversed
3819000 USD
CY2013 us-gaap Product Warranty Expense
ProductWarrantyExpense
6119000 USD
CY2014 us-gaap Product Warranty Expense
ProductWarrantyExpense
6069000 USD
CY2014 ggg Product Warranty Margin Reversed
ProductWarrantyMarginReversed
1920000 USD
CY2014 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
-8163000 USD
CY2013 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
0 USD
CY2014 us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
12000 USD
CY2014 ggg Sales Returns Percentage Of Sales
SalesReturnsPercentageOfSales
0.02 pure
CY2014 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">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 </font><font style="font-family:Times New Roman;font-size:10pt;">fair value</font><font style="font-family:Times New Roman;font-size:10pt;"> and the gains and losses are included in other expense, net.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">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. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">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.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">The Company uses significant other observable inputs </font><font style="font-family:Times New Roman;font-size:10pt;">(level 2 in the fair value hierarchy) </font><font style="font-family:Times New Roman;font-size:10pt;">to value the derivative instruments used to hedge interest rate volatility and net monetary positions</font><font style="font-family:Times New Roman;font-size:10pt;">, including refer</font><font style="font-family:Times New Roman;font-size:10pt;">ence to market prices </font><font style="font-family:Times New Roman;font-size:10pt;">and</font><font style="font-family:Times New Roman;font-size:10pt;"> financial models that incorporate relevant market assumptions</font><font style="font-family:Times New Roman;font-size:10pt;">. </font></p>
CY2014Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
22000000 USD
CY2014 ggg Capitalized Computer Software Estimated Useful Life Minimum
CapitalizedComputerSoftwareEstimatedUsefulLifeMinimum
P2Y
CY2014 ggg Capitalized Computer Software Estimated Useful Life Maximum
CapitalizedComputerSoftwareEstimatedUsefulLifeMaximum
P5Y
CY2013Q4 us-gaap Noncurrent Assets
NoncurrentAssets
151717000 USD
CY2014Q4 us-gaap Noncurrent Assets
NoncurrentAssets
161230000 USD
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
87384000 USD
CY2013Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
65963000 USD
CY2013Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
41458000 USD
CY2013Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
69051000 USD
CY2013Q4 us-gaap Inventory Gross
InventoryGross
176472000 USD
CY2013Q4 us-gaap Inventory Lifo Reserve
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42685000 USD
CY2014Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
47682000 USD
CY2014Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
69212000 USD
CY2014Q4 us-gaap Inventory Gross
InventoryGross
204278000 USD
CY2014Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
44481000 USD
CY2013Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
76900000 USD
CY2014Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
84000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
433751000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-10187000 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
11218000 USD
CY2014Q4 ggg Land And Improvements
LandAndImprovements
16311000 USD
CY2014Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
123126000 USD
CY2014Q4 ggg Manufacturing Equipment Gross
ManufacturingEquipmentGross
242978000 USD
CY2014Q4 ggg Office Warehouse And Automotive Equipment Gross
OfficeWarehouseAndAutomotiveEquipmentGross
39219000 USD
CY2014Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
12117000 USD
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
272521000 USD
CY2013Q4 ggg Office Warehouse And Automotive Equipment Gross
OfficeWarehouseAndAutomotiveEquipmentGross
35887000 USD
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
256170000 USD
CY2013Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
14224000 USD
CY2013Q4 ggg Land And Improvements
LandAndImprovements
16506000 USD
CY2013Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
118460000 USD
CY2013Q4 ggg Manufacturing Equipment Gross
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222810000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
407887000 USD
CY2013 us-gaap Depreciation
Depreciation
23400000 USD
CY2012 us-gaap Depreciation
Depreciation
22200000 USD
CY2014 us-gaap Depreciation
Depreciation
24100000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
238928000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
49894000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
48446000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
266627000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
33194000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
184132000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
73584000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2775000 USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
88622000 USD
CY2014 ggg Deferred Federal State And Local Income Tax Expense Benefit
DeferredFederalStateAndLocalIncomeTaxExpenseBenefit
2497000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1619000 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
878000 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
78792000 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2470000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
92100000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
61989000 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
11569000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-792000 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-239000 USD
CY2013 ggg Deferred Federal State And Local Income Tax Expense Benefit
DeferredFederalStateAndLocalIncomeTaxExpenseBenefit
-553000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
78387000 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5180000 USD
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-4756000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
78000000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
71700000 USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.03 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.00 pure
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.28 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.00 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.01 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.03 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.02 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.27 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.00 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.00 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.02 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.01 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.31 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
-0.03 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
-0.03 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
-0.02 pure
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
24754000 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
17163000 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
95300000 USD
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
78600000 USD
CY2014Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
70600000 USD
CY2013Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
61400000 USD
CY2014Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
550000000 USD
CY2014 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
Under terms of the amended revolving credit agreement, loans denominated in U.S. dollars bear interest, at the Company&#8217;s option, at either a base rate or a LIBOR-based rate. Loans denominated in currencies other than U.S. dollars bear interest at a LIBOR-based rate. The base rate is an annual rate equal to a margin ranging from zero percent to 0.875 percent, depending on the Company&#8217;s cash flow leverage ratio (debt to earnings before interest, taxes, depreciation, amortization and extraordinary non-operating or non-cash charges and expenses) plus the highest of (i) the bank&#8217;s prime rate, (ii) the federal funds rate plus 0.5 percent or (iii) one-month LIBOR plus 1.5 percent. In general, LIBOR-based loans bear interest at LIBOR plus 1 percent to 1.875 percent, depending on the Company&#8217;s cash flow leverage ratio.
CY2014Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
330000000 USD
CY2013Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
320000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
5016000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
225000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
75000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
315000000 USD
CY2014 us-gaap Interest Paid
InterestPaid
18600000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-76481000 USD
CY2012 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-14199000 USD
CY2012 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
6935000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-83745000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
30915000 USD
CY2013 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
6481000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-57498000 USD
CY2014 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
3111000 USD
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5478000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5192000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
47000 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
805000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
566000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
22000 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
990000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
969000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
5149000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4975000 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
607000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
42000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
475000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3318000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3211000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3194000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
3311000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.12
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
-35.24
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
34.85
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
41.03
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
-40.71
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
-61.35
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
44.72
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
34.86
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
32.27
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
32.99
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
33.20
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
-27.14
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
-33.04
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
-35.73
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
50.33
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
65.97
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
74.62
CY2014Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
154500000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
4900000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
182200000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
44.50
CY2014 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
20343000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
25284000 USD
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
8200000 USD
CY2013 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
33630000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
33028000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
11200000 USD
CY2012 us-gaap Employee Service Share Based Compensation Cash Received From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions
21687000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
18195000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit Realized From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
6200000 USD
CY2014 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
193084 shares
CY2013 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
196913 shares
CY2012 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
238621 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
12100000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
7125000 shares
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17200000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16500000 USD
CY2014 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
12800000 USD
CY2013 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
12600000 USD
CY2012 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
9500000 USD
CY2014 ggg Employee Service Share Based Compensation Earnings Per Share Effect
EmployeeServiceShareBasedCompensationEarningsPerShareEffect
0.21
CY2013 ggg Employee Service Share Based Compensation Earnings Per Share Effect
EmployeeServiceShareBasedCompensationEarningsPerShareEffect
0.20
CY2012 ggg Employee Service Share Based Compensation Earnings Per Share Effect
EmployeeServiceShareBasedCompensationEarningsPerShareEffect
0.15
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12400000 USD
CY2014Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
13700000 USD
CY2014 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y7M
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y10M
CY2014 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
60148 shares
CY2014 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1597 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61745 shares
CY2013 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
61203 shares
CY2013 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1587 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62790 shares
CY2012 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
60451 shares
CY2012 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1260 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61711 shares
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000 shares
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000 shares
CY2014 ggg Defined Contribution Plan Employer Matching Contribution As Percent Of Employee Contribution
DefinedContributionPlanEmployerMatchingContributionAsPercentOfEmployeeContribution
1 pure
CY2014 ggg Defined Contribution Plan Employer Matching Contribution Percent Maximum
DefinedContributionPlanEmployerMatchingContributionPercentMaximum
0.03 pure
CY2014 ggg Defined Contribution Plan Employer Matching Contribution For Employees Not Covered By Defined Benefit Plan Percent
DefinedContributionPlanEmployerMatchingContributionForEmployeesNotCoveredByDefinedBenefitPlanPercent
0.015 pure
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6900000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6300000 USD
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
5600000 USD
CY2013Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
280607000 USD
CY2014Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
277208000 USD
CY2014Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
361000000 USD
CY2013Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
326000000 USD
CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
389692000 USD
CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
360945000 USD
CY2014Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
277208000 USD
CY2013Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
352271000 USD
CY2013Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
326030000 USD
CY2013Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
280607000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3600000 USD
CY2014 ggg Postretirement Medical Plan Annual Cost Increase Paid By Employer Percent Maximum
PostretirementMedicalPlanAnnualCostIncreasePaidByEmployerPercentMaximum
0.03 pure
CY2014 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed For Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear
0.07 pure
CY2014 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.045 pure
CY2014Q4 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2026
CY2014Q4 ggg Postretirement Medical Plan Estimated Future Employer Contributions In Next Fiscal Year
PostretirementMedicalPlanEstimatedFutureEmployerContributionsInNextFiscalYear
1200000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
6368000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4642000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3788000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
2865000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2630000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
8384000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
28677000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5000000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3300000 USD
CY2014Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
76000000 USD
CY2014Q4 ggg Significant Purchase Commitment Maximum Amount Committed
SignificantPurchaseCommitmentMaximumAmountCommitted
36000000 USD
CY2014Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2000000 USD
CY2014Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
9000000 USD
CY2014 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
160000000 USD
CY2012 us-gaap Investment Income Dividend
InvestmentIncomeDividend
12000000 USD
CY2014 us-gaap Investment Income Dividend
InvestmentIncomeDividend
28000000 USD
CY2013 us-gaap Investment Income Dividend
InvestmentIncomeDividend
28000000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
289962000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
322549000 USD
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
302614000 USD
CY2014Q4 us-gaap Sales Revenue Net
SalesRevenueNet
306005000 USD
CY2014Q1 us-gaap Gross Profit
GrossProfit
159312000 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
176850000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
165814000 USD
CY2014Q4 us-gaap Gross Profit
GrossProfit
164760000 USD
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
50745000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
66236000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
59551000 USD
CY2014Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
49041000 USD
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.10
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.99
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.07
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.89
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
52130000 USD
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2013Q1 us-gaap Gross Profit
GrossProfit
150644000 USD
CY2013Q2 us-gaap Gross Profit
GrossProfit
158739000 USD
CY2013Q3 us-gaap Gross Profit
GrossProfit
150873000 USD
CY2013Q4 us-gaap Gross Profit
GrossProfit
147199000 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
269046000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
286020000 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
277035000 USD
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
271923000 USD
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2014Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2013Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
6300000 USD
CY2014 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
23200000 USD
CY2014 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
22000000 USD
CY2014 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
600000 USD
CY2014Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
8100000 USD
CY2012Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
6600000 USD
CY2013 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
17900000 USD
CY2013 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
18200000 USD
CY2013 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
0 USD
CY2011Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
5500000 USD
CY2012 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
14200000 USD
CY2012 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
13400000 USD
CY2012 us-gaap Valuation Allowances And Reserves Adjustments
ValuationAllowancesAndReservesAdjustments
300000 USD

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