2017 Q4 Form 10-Q Financial Statement

#000089255317000067 Filed on October 26, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $306.0M $240.5M $203.9M
YoY Change 42.72% 17.95% -22.77%
Cost Of Revenue $195.9M $144.8M $134.3M
YoY Change 24.54% 7.81% -31.39%
Gross Profit $73.10M $57.90M $69.60M
YoY Change 28.02% -16.81% 1.92%
Gross Profit Margin 23.89% 24.07% 34.13%
Selling, General & Admin $44.70M $48.10M $45.43M
YoY Change -14.04% 5.88% -5.57%
% of Gross Profit 61.15% 83.07% 65.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.40M $9.100M $9.400M
YoY Change 39.33% -3.19% -18.26%
% of Gross Profit 16.96% 15.72% 13.51%
Operating Expenses $49.90M $50.70M $49.56M
YoY Change -8.78% 2.3% -5.92%
Operating Profit $20.90M $7.200M $20.10M
YoY Change 808.7% -64.18% 28.77%
Interest Expense -$5.400M -$6.500M -$4.600M
YoY Change 1.89% 41.3% -11.54%
% of Operating Profit -25.84% -90.28% -22.89%
Other Income/Expense, Net -$6.500M -$4.616M
YoY Change 40.81% -11.96%
Pretax Income $10.60M $700.0K $15.45M
YoY Change -453.33% -95.47% 49.03%
Income Tax $5.200M $700.0K $1.764M
% Of Pretax Income 49.06% 100.0% 11.42%
Net Earnings $26.70M $1.500M $15.00M
YoY Change -909.09% -90.0% 215.13%
Net Earnings / Revenue 8.73% 0.62% 7.36%
Basic Earnings Per Share $0.87 $0.05 $0.49
Diluted Earnings Per Share $0.85 $0.05 $0.48
COMMON SHARES
Basic Shares Outstanding 30.77M shares 30.76M shares 30.59M shares
Diluted Shares Outstanding 31.31M shares 31.06M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $122.6M $124.7M $267.3M
YoY Change -56.52% -53.35% 224.0%
Cash & Equivalents $122.6M $124.7M $267.3M
Short-Term Investments
Other Short-Term Assets $23.70M $30.81M $14.83M
YoY Change 58.0% 107.71% 22.61%
Inventory $173.7M $213.6M $182.2M
Prepaid Expenses $14.40M $15.98M $11.23M
Receivables $196.4M $195.8M $132.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $634.0M $622.2M $627.7M
YoY Change -2.91% -0.88% 9.62%
LONG-TERM ASSETS
Property, Plant & Equipment $285.0M $293.1M $258.1M
YoY Change 13.55% 13.59% -3.48%
Goodwill $459.7M $227.4M $219.1M
YoY Change 120.06% 3.79% -47.09%
Intangibles $286.4M $298.9M $96.91M
YoY Change 206.64% 208.4% -39.89%
Long-Term Investments
YoY Change
Other Assets $21.40M $21.32M $16.04M
YoY Change 21.59% 32.92% -32.54%
Total Long-Term Assets $1.091B $1.071B $590.1M
YoY Change 88.05% 81.46% -31.9%
TOTAL ASSETS
Total Short-Term Assets $634.0M $622.2M $627.7M
Total Long-Term Assets $1.091B $1.071B $590.1M
Total Assets $1.725B $1.693B $1.218B
YoY Change 39.88% 39.02% -15.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.4M $109.9M $65.74M
YoY Change 31.75% 67.24% -23.35%
Accrued Expenses $46.40M $45.20M $36.00M
YoY Change 11.27% 25.56% 16.13%
Deferred Revenue $109.6M
YoY Change
Short-Term Debt $58.90M $244.3M $6.739M
YoY Change 806.15% 3525.61% 7.17%
Long-Term Debt Due $58.90M $244.3M $6.700M
YoY Change 806.15% 3546.27% 6.35%
Total Short-Term Liabilities $387.6M $550.5M $224.6M
YoY Change 48.22% 145.08% -5.86%
LONG-TERM LIABILITIES
Long-Term Debt $439.2M $304.0M $232.1M
YoY Change 87.93% 31.0% 9.13%
Other Long-Term Liabilities $18.60M $18.61M $20.62M
YoY Change -9.71% -9.76% 68.84%
Total Long-Term Liabilities $457.8M $322.6M $252.7M
YoY Change 80.02% 27.67% 12.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $387.6M $550.5M $224.6M
Total Long-Term Liabilities $457.8M $322.6M $252.7M
Total Liabilities $919.5M $960.6M $505.5M
YoY Change 72.06% 90.02% -4.37%
SHAREHOLDERS EQUITY
Retained Earnings $364.3M $337.7M $339.6M
YoY Change 8.33% -0.56% -36.9%
Common Stock $300.0K $308.0K $306.0K
YoY Change 0.0% 0.65% 0.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $802.2M $729.8M $710.3M
YoY Change
Total Liabilities & Shareholders Equity $1.725B $1.693B $1.218B
YoY Change 39.88% 39.02% -15.38%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $26.70M $1.500M $15.00M
YoY Change -909.09% -90.0% 215.13%
Depreciation, Depletion And Amortization $12.40M $9.100M $9.400M
YoY Change 39.33% -3.19% -18.26%
Cash From Operating Activities $29.50M $20.40M $59.80M
YoY Change 21.9% -65.89% 30.57%
INVESTING ACTIVITIES
Capital Expenditures -$11.20M $6.400M -$4.000M
YoY Change 154.55% -260.0% -65.52%
Acquisitions
YoY Change
Other Investing Activities -$700.0K -$424.2M $500.0K
YoY Change -84940.0% -102.08%
Cash From Investing Activities -$11.90M -$429.2M -$3.500M
YoY Change 170.45% 12162.86% -90.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -21.00M 300.1M -2.300M
YoY Change 1809.09% -13147.83% -75.79%
NET CHANGE
Cash From Operating Activities 29.50M 20.40M 59.80M
Cash From Investing Activities -11.90M -429.2M -3.500M
Cash From Financing Activities -21.00M 300.1M -2.300M
Net Change In Cash -3.400M -108.7M 54.00M
YoY Change -118.18% -301.3% 7614.29%
FREE CASH FLOW
Cash From Operating Activities $29.50M $20.40M $59.80M
Capital Expenditures -$11.20M $6.400M -$4.000M
Free Cash Flow $40.70M $14.00M $63.80M
YoY Change 42.31% -78.06% 11.15%

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DefinedBenefitPlanExpectedReturnOnPlanAssets
698000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2092000 USD
CY2017Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
698000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2094000 USD
CY2016Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
572000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1714000 USD
CY2017Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
543000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1627000 USD
CY2016Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
259000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
775000 USD
CY2017Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
155000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
463000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
28605000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
28659000 USD
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.03
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.02
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1875000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
4854000 USD
CY2016Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.114
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.310
CY2017Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.475
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.486
CY2016Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2017Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
7298000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y69D
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
54000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
88499000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
91798000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
24400000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
15700000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
16100000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
22200000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
24100000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
146309000 USD
CY2017Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
282511000 USD
CY2016Q4 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
39000 USD
CY2017Q3 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
20000 USD
CY2016Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
92000 USD
CY2017Q3 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
170000 USD
CY2016Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-117000 USD
CY2017Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1286000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1790000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-318000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-215000 USD
CY2016Q3 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
-32000 USD
us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
-130000 USD
CY2017Q3 us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
65000 USD
us-gaap Gain Loss On Foreign Currency Fair Value Hedge Derivatives
GainLossOnForeignCurrencyFairValueHedgeDerivatives
267000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
217970000 USD
CY2017Q3 us-gaap Goodwill
Goodwill
457481000 USD
CY2017Q3 us-gaap Goodwill
Goodwill
227397000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
237401000 USD
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
195846000 USD
CY2017Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
195846000 USD
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
2110000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
69623000 USD
us-gaap Gross Profit
GrossProfit
209275000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
70402000 USD
us-gaap Gross Profit
GrossProfit
189277000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
15448000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
41404000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4013000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4832000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1764000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12829000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1907000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2346000 USD
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-43393000 USD
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-4824000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-55706000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10311000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-16246000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
19264000 USD
us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
-38721000 USD
us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
8431000 USD
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
479000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
362000 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
556000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
562000 shares
CY2016Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
181942000 USD
CY2017Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
390676000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
93443000 USD
CY2017Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
298878000 USD
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-4291000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-12556000 USD
CY2017Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-4828000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-13045000 USD
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
72388000 USD
CY2017Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
78317000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
169683000 USD
CY2017Q3 us-gaap Inventory Net
InventoryNet
213590000 USD
CY2016Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
65719000 USD
CY2017Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
98226000 USD
CY2016Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
10069000 USD
CY2017Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
8525000 USD
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
31576000 USD
CY2017Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
37047000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
534405000 USD
CY2017Q3 us-gaap Liabilities
Liabilities
960615000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1233082000 USD
CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1693023000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
261534000 USD
CY2017Q3 us-gaap Liabilities Current
LiabilitiesCurrent
550455000 USD
CY2016Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
2015000 USD
CY2017Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
471000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
233711000 USD
CY2017Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
304012000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
1412000 USD
CY2017Q3 us-gaap Minority Interest
MinorityInterest
2601000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8840000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
296182000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13739000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-468079000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
146592000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17537000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
15025000 USD
us-gaap Net Income Loss
NetIncomeLoss
31527000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
1510000 USD
us-gaap Net Income Loss
NetIncomeLoss
1381000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1341000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2952000 USD
CY2017Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
596000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1105000 USD
CY2016Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
21000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
28000 USD
CY2017Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
6657000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
20574000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
49559000 USD
us-gaap Operating Expenses
OperatingExpenses
154235000 USD
CY2017Q3 us-gaap Operating Expenses
OperatingExpenses
59954000 USD
us-gaap Operating Expenses
OperatingExpenses
168647000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
20064000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
55040000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
10448000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
20630000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
15075000 USD
CY2017Q3 us-gaap Other Assets Current
OtherAssetsCurrent
30808000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
17643000 USD
CY2017Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
21318000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
271000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
777000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
8180000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
22500000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
43353000 USD
CY2017Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
37102000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
17579000 USD
CY2017Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
18612000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
390000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4616000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-6435000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
658000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1954000 USD
CY2016Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
1814000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
7660000 USD
CY2017Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
3821000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
16608000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1383000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
446004000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13411000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
23407000 USD
CY2016Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
14362000 USD
CY2017Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
10896000 USD
CY2016Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
16762000 USD
CY2017Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
15982000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
13167000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
3820000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
302176000 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
0 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
925000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
26000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1057000 USD
CY2016Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
15293000 USD
CY2017Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
13151000 USD
CY2016Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2978000 USD
CY2017Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
2504000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
13684000 USD
us-gaap Profit Loss
ProfitLoss
28575000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
2106000 USD
us-gaap Profit Loss
ProfitLoss
2486000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
251049000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
293145000 USD
CY2016Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
250000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
749000 USD
CY2017Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
1523000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
1926000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8785000 USD
CY2017Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2343000 USD
CY2017Q3 us-gaap Restructuring And Related Cost Expected Cost Remaining1
RestructuringAndRelatedCostExpectedCostRemaining1
1530000 USD
CY2016Q3 us-gaap Restructuring Charges
RestructuringCharges
305000 USD
us-gaap Restructuring Charges
RestructuringCharges
6303000 USD
CY2017Q3 us-gaap Restructuring Charges
RestructuringCharges
2749000 USD
us-gaap Restructuring Charges
RestructuringCharges
12417000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
5832000 USD
CY2016Q2 us-gaap Restructuring Reserve
RestructuringReserve
5984000 USD
CY2016Q3 us-gaap Restructuring Reserve
RestructuringReserve
4475000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
7324000 USD
CY2017Q2 us-gaap Restructuring Reserve
RestructuringReserve
4205000 USD
CY2017Q3 us-gaap Restructuring Reserve
RestructuringReserve
3327000 USD
CY2017Q3 us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
-194000 USD
us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
-194000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
336328000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
337709000 USD
CY2016Q3 us-gaap Revenues
Revenues
203930000 USD
us-gaap Revenues
Revenues
644782000 USD
CY2017Q3 us-gaap Revenues
Revenues
240531000 USD
us-gaap Revenues
Revenues
682839000 USD
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
203930000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
644782000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
240531000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
682839000 USD
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
45430000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
143862000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
56714000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
159346000 USD
CY2016Q3 us-gaap Severance Costs1
SeveranceCosts1
202000 USD
us-gaap Severance Costs1
SeveranceCosts1
5883000 USD
CY2017Q3 us-gaap Severance Costs1
SeveranceCosts1
972000 USD
us-gaap Severance Costs1
SeveranceCosts1
3498000 USD
CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
6487000 USD
CY2017Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
244330000 USD
CY2016Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
18271000 USD
CY2017Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15655000 USD
us-gaap Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
858000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
9266000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
282000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5510000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
9014000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
9555000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
697265000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
729807000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
698677000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
732408000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
788000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
710000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
86000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
89000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
579000 USD
CY2017Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
535000 USD
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31064000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
30940000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31311000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31288000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30585000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30578000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30755000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30726000 shares
us-gaap Business Acquisition Pro Forma Information Description
BusinessAcquisitionProFormaInformationDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Supplemental Pro Forma Information</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following unaudited supplemental pro forma financial information is based on the Company&#8217;s historical condensed consolidated financial statements and Hudson&#8217;s historical condensed consolidated financial statements as adjusted to give effect to the September 20, 2017 acquisition of Hudson. The unaudited supplemental pro forma financial information for the periods presented gives effect to the acquisition as if it had occurred on January 1, 2016. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following adjustments are reflected in the pro forma financial table below:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">the effect of decreased interest expense related to the repayment of the Hudson term loan and revolving credit facility, net of the additional borrowing on the Chart senior secured revolving credit facility, </font></div></td></tr></table><div style="line-height:120%;padding-left:48px;padding-top:4px;text-align:justify;text-indent:0px;"><font style="padding-top:4px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">&#8226;</font><font style="font-family:inherit;font-size:10pt;">amortization of acquired intangible assets,</font></div><div style="line-height:120%;padding-left:48px;padding-top:4px;text-align:justify;text-indent:0px;"><font style="padding-top:4px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">&#8226;</font><font style="font-family:inherit;font-size:10pt;">step-up depreciation of acquired property, plant and equipment, </font></div><div style="line-height:120%;padding-left:48px;padding-top:4px;text-align:justify;text-indent:0px;"><font style="padding-top:4px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">&#8226;</font><font style="font-family:inherit;font-size:10pt;">inventory fair value step-up amortization expense, </font></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">nonrecurring acquisition-related expenses directly attributable to the Hudson acquisition of </font><font style="font-family:inherit;font-size:10pt;">$15,917</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$16,529</font><font style="font-family:inherit;font-size:10pt;"> were adjusted out of the pro forma net income attributable to Chart Industries, Inc. for the three and nine months ended September 30, 2017, respectively, and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">nonrecurring acquisition-related expenses incurred by Chart directly related to the Hudson acquisition of </font><font style="font-family:inherit;font-size:10pt;">$7,254</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$8,130</font><font style="font-family:inherit;font-size:10pt;">, were adjusted out of the pro forma net income attributable to Chart Industries, Inc. for the three and nine months ended September 30, 2017, respectively.&#160;&#160;&#160;&#160;</font></div></td></tr></table><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have resulted had the acquisition been in effect at the beginning of the periods presented. In addition, the unaudited pro forma results are not intended to be a projection of future results and do not reflect any operating efficiencies or cost savings that might be achievable.</font></div></div>
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recently Issued Accounting Standards: </font><font style="font-family:inherit;font-size:10pt;">In August 2017, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) 2017-12,&#160;&#8220;Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.&#8221; The ASU expands and enhances hedge accounting to become more closely aligned with an entity&#8217;s risk management activities through hedging strategies. The ASU provides changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results in the financial statements and creates more transparency and better understandability around how economic results are presented in the financial statements. In addition, the new guidance makes certain targeted improvements to ease the application of accounting guidance relative to hedge effectiveness. The guidance will be applied prospectively for annual periods and interim periods beginning after December 15, 2018. Early adoption is permitted. The Company is currently assessing the effect that the ASU will have on the Company&#8217;s financial position, results of operations, and disclosures. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2017, the FASB issued ASU 2017-09, &#8220;Compensation &#8211; Stock Compensation (Topic 718): Scope of Modification Accounting.&#8221; The FASB issued the guidance to provide clarity as to when modification accounting should be applied when there is a change to the terms or conditions of a share-based payment award in order to prevent diversity in practice. The ASU requires modification accounting to be applied unless all of the following conditions exist: (1) the fair value (or calculated value or intrinsic value, if such measurement is used) of the modified award is the same as the fair value (or calculated value or intrinsic value, if such measurement is used) of the original award before the original award is modified; if the modification does not affect any of the inputs to the valuation, the entity is not required to estimate the value immediately before and after the modification; (2) the vesting conditions of the modified award are the same as the vesting conditions of the original award before it was modified; and (3) the classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award before it was modified. The guidance will be applied prospectively for annual periods and interim periods beginning after December 15, 2017. Early adoption is permitted. The Company is currently assessing the effect that the ASU will have on the Company&#8217;s financial position, results of operations, and disclosures. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2017, the FASB issued ASU 2017-07, &#8220;Compensation &#8211; Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.&#8221; The new guidance requires companies with sponsored defined benefit pension and/or other postretirement benefit plans to present the service cost component of net periodic benefit cost in the same income statement line item as other compensation costs. The other components of net periodic benefit cost will be presented separately and not included in operating income. In addition, only service costs are eligible to be capitalized as an asset. The standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those years, and the guidance will generally be applied retrospectively, whereas the capitalization of the service cost component will be applied prospectively. Early adoption is permitted with all of the amendments adopted in the same period. If an entity early adopts the guidance in an interim period, any adjustments must be reflected as of the beginning of the fiscal year that includes that interim period. The Company is currently assessing the effect that the ASU will have on the Company&#8217;s financial position, results of operations, and disclosures. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued ASU 2017-04, &#8220;Intangibles &#8211; Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.&#8221; The new guidance eliminates the requirement to calculate the implied fair value of goodwill (Step 2 of the current guidance&#8217;s goodwill impairment test) to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit&#8217;s carrying amount over its fair value (i.e., measure the charge based on current guidance&#8217;s Step 1). The guidance will be applied prospectively for annual and interim impairment tests beginning after December 15, 2019. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The adoption of this ASU would not materially impact the Company&#8217;s condensed consolidated financial statements unless Step 1 of the annual goodwill impairment test fails.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU 2016-15, &#8220;Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.&#8221; The FASB issued the update to clarify how entities should classify certain cash receipts and cash payments on the statement of cash flows. The new guidance also clarifies how the predominance principle should be applied when cash receipts and cash payments have aspects of more than one class of cash flows. The standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those years, and the guidance will generally be applied retrospectively. Early adoption is permitted with all of the amendments adopted in the same period. If an entity early adopts the guidance in an interim period, any adjustments must be reflected as of the beginning of the fiscal year that includes that interim period. The Company is currently assessing the effect that the ASU will have on the Company&#8217;s condensed consolidated statements of cash flows.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, &#8220;Leases (Topic 842).&#8221; The FASB issued the update to require the recognition of lease assets and lease liabilities on the balance sheet of lessees. The standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within such fiscal years. The ASU requires a modified retrospective transition method with the option to elect a package of practical expedients. Early adoption is permitted. The Company expects adoption to increase the assets and liabilities recorded on its condensed consolidated balance sheet and increase the level of disclosures related to leases. The Company also expects that adoption of the new standard will require changes to its internal controls to support recognition and disclosure requirements under the new standard. The Company is currently assessing the effect that the ASU will have on the Company&#8217;s condensed consolidated financial statements. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, &#8220;Revenue from Contracts with Customers (Topic 606)&#8221; and subsequently issued additional guidance that modified ASU 2014-09. ASU 2014-09 and the subsequent modifications are identified as &#8220;Accounting Standards Codification (&#8220;ASC&#8221;) 606.&#8221; ASC 606 replaces existing revenue recognition rules with a comprehensive revenue measurement and recognition standard and provides for expanded disclosure requirements. The update requires entities to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASC 606 applies to all contracts with customers except those that are within the scope of other topics in the FASB ASC. ASC 606 becomes effective for fiscal years beginning after December 15, 2017. The Company plans to adopt ASC 606 as of January 1, 2018 and has developed an implementation plan to adopt ASC 606 using the modified retrospective approach through a cumulative adjustment to retained earnings.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As part of the implementation plan, the Company has identified its revenue streams and is in the process of performing contract reviews to assess the impact of ASC 606 on its results of operations. The Company expects to complete the contract reviews in the near future. While the Company continues to assess all impacts of the accounting change, the Company currently believes that the most significant impact will relate to the timing of revenue recognition. The Company expects the majority of revenue that has historically been recognized when products are shipped, title has transferred and collection is reasonably assured will meet the criteria for using point-in-time revenue recognition. The Company also expects that the majority of the revenue that has historically been recognized using the percentage of completion method of accounting will meet the criteria for over time revenue recognition. At this time, the Company has identified the following impacts related to timing of revenue recognition:</font></div><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain operations that have historically recognized revenue at a point-in-time will be required to change to the over time revenue recognition model as certain contracts contain language that meets the over time criteria established in ASC 606. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A portion of the revenue that has been deferred due to the current guidance for bill and hold revenues will be required to be recognized when the manufacturing process has been completed. </font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is in the process of quantifying the above changes but does not expect them to be material to its consolidated financial statements. The Company expects adoption to increase the level of disclosures related to revenue recognition. In addition, the Company is in the process of identifying appropriate changes to its accounting policies, information technology systems, business processes, and internal control over financial reporting to support recognition under the new standard. The Company plans to complete the design of any necessary changes to its business processes, controls and systems and implement the changes over the remainder of 2017.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font></div></div>
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Nature of Operations</font><font style="font-family:inherit;font-size:10pt;">: Chart Industries, Inc. and its consolidated subsidiaries (herein referred to as the &#8220;Company,&#8221; &#8220;Chart,&#8221; or &#8220;we&#8221;), is a leading diversified global manufacturer of highly engineered equipment for the industrial gas, energy and biomedical industries. Chart&#8217;s equipment and engineered systems are primarily used for low-temperature and cryogenic applications utilizing our expertise in cryogenic systems and equipment which operate at low temperatures sometimes approaching absolute zero (0&#160;Kelvin;&#160;-273&#176; Centigrade;&#160;-459&#176; Fahrenheit). The Company has domestic operations located across United States including principal executive offices located in Georgia, and an international presence in Asia, Australia, Europe, Mexico and South America.</font></div></div>
us-gaap Reclassifications
Reclassifications
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications: </font><font style="font-family:inherit;font-size:10pt;"> Certain total assets by operating segments and restructuring activities as reported in 2016 were reclassified to conform to the 2017 presentation within the notes to the condensed consolidated financial statements.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates: </font><font style="font-family:inherit;font-size:10pt;"> The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. These estimates may also affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions.</font></div></div>

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