2018 Q1 Form 10-K Financial Statement

#000031314319000022 Filed on May 22, 2019

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2017 Q3
Revenue $233.6M $234.0M $211.0M
YoY Change 2.72% 0.47%
Cost Of Revenue $129.2M $122.7M $120.8M
YoY Change -3.17% 1.61%
Gross Profit $104.4M $111.3M $104.6M
YoY Change 10.11% 14.83%
Gross Profit Margin 44.69% 47.55% 49.57%
Selling, General & Admin $74.60M $97.86M $72.78M
YoY Change 37.04% -16.82%
% of Gross Profit 71.47% 87.92% 69.61%
Research & Development $11.10M $12.43M $7.521M
YoY Change 46.86% -34.24%
% of Gross Profit 10.63% 11.17% 7.19%
Depreciation & Amortization $22.90M $22.30M $21.80M
YoY Change -2.19% -3.11%
% of Gross Profit 21.94% 20.04% 20.85%
Operating Expenses $85.70M $110.3M $80.30M
YoY Change 38.08% -18.83%
Operating Profit $14.28M $1.013M $24.26M
YoY Change -95.22% -407.8%
Interest Expense -$1.000M -$800.0K -$1.400M
YoY Change -60.0% -36.36%
% of Operating Profit -7.01% -78.97% -5.77%
Other Income/Expense, Net -$806.0K -$1.397M
YoY Change -64.57% -35.83%
Pretax Income $13.30M $207.0K $22.86M
YoY Change -98.91% -327.29%
Income Tax $1.700M $6.754M $2.759M
% Of Pretax Income 12.78% 3262.8% 12.07%
Net Earnings $11.88M -$6.547M $20.10M
YoY Change -142.53% -294.3%
Net Earnings / Revenue 5.09% -2.8% 9.53%
Basic Earnings Per Share $0.22 -$0.12 $0.38
Diluted Earnings Per Share $0.22 -$0.12 $0.38
COMMON SHARES
Basic Shares Outstanding 53.45M shares 53.09M shares 52.62M shares
Diluted Shares Outstanding 53.09M shares 52.98M shares

Balance Sheet

Concept 2018 Q1 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $180.2M $251.6M $171.7M
YoY Change 81.14% 45.26%
Cash & Equivalents $180.2M $251.6M $203.6M
Short-Term Investments
Other Short-Term Assets $29.00M $32.50M $31.00M
YoY Change 18.61% -4.02%
Inventory $160.8M $158.8M $168.6M
Prepaid Expenses
Receivables $151.2M $146.7M $143.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $521.2M $589.7M $553.4M
YoY Change 18.76% 13.03%
LONG-TERM ASSETS
Property, Plant & Equipment $332.2M $330.0M $320.2M
YoY Change -1.77% -5.72%
Goodwill $211.4M $211.1M $211.1M
YoY Change -21.03% -21.39%
Intangibles $156.6M
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.06M $12.43M $12.57M
YoY Change -8.49% -9.22%
Total Long-Term Assets $716.2M $722.0M $717.8M
YoY Change -10.85% -13.29%
TOTAL ASSETS
Total Short-Term Assets $521.2M $589.7M $553.4M
Total Long-Term Assets $716.2M $722.0M $717.8M
Total Assets $1.237B $1.312B $1.271B
YoY Change 0.41% -3.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.27M $41.50M $41.76M
YoY Change -15.05% 13.49%
Accrued Expenses $69.50M $63.10M $31.90M
YoY Change 54.66% -27.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $194.3M $151.5M $108.6M
YoY Change 128.55% 132.01%
Total Short-Term Liabilities $384.7M $324.2M $255.0M
YoY Change 49.93% 28.16%
LONG-TERM LIABILITIES
Long-Term Debt $59.42M $118.7M $178.0M
YoY Change -56.04% -49.56%
Other Long-Term Liabilities $34.26M $39.60M $23.52M
YoY Change 59.4% -17.59%
Total Long-Term Liabilities $93.68M $158.3M $201.5M
YoY Change -46.31% -47.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $384.7M $324.2M $255.0M
Total Long-Term Liabilities $93.68M $158.3M $201.5M
Total Liabilities $478.4M $482.5M $456.5M
YoY Change -5.59% -21.34%
SHAREHOLDERS EQUITY
Retained Earnings $266.9M $323.6M $330.2M
YoY Change -5.12% 7.95%
Common Stock $504.5M $526.4M $498.5M
YoY Change 12.27% 11.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $752.4M $822.8M $801.3M
YoY Change
Total Liabilities & Shareholders Equity $1.237B $1.312B $1.271B
YoY Change 0.41% -3.51%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income $11.88M -$6.547M $20.10M
YoY Change -142.53% -294.3%
Depreciation, Depletion And Amortization $22.90M $22.30M $21.80M
YoY Change -2.19% -3.11%
Cash From Operating Activities $57.70M $65.40M $38.43M
YoY Change 66.41% 25.18%
INVESTING ACTIVITIES
Capital Expenditures -$19.10M -$26.60M $13.72M
YoY Change 39.27% -38.96%
Acquisitions
YoY Change
Other Investing Activities $1.200M $300.0K $10.00M
YoY Change 200.0%
Cash From Investing Activities -$17.90M -$26.30M -$3.740M
YoY Change 38.42% -83.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $11.86M
YoY Change 66.66%
Cash From Financing Activities -112.6M 8.300M -$3.549M
YoY Change 1975.0% -28.82%
NET CHANGE
Cash From Operating Activities 57.70M 65.40M $38.43M
Cash From Investing Activities -17.90M -26.30M -$3.740M
Cash From Financing Activities -112.6M 8.300M -$3.549M
Net Change In Cash -72.80M 47.40M $31.14M
YoY Change 128.99% 838.68%
FREE CASH FLOW
Cash From Operating Activities $57.70M $65.40M $38.43M
Capital Expenditures -$19.10M -$26.60M $13.72M
Free Cash Flow $76.80M $92.00M $24.70M
YoY Change 57.53% 200.68%

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CY2018 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2673000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
21170000 USD
CY2018Q1 us-gaap Assets
Assets
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CY2019Q1 us-gaap Assets
Assets
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CY2018Q1 us-gaap Assets Current
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521177000 USD
CY2019Q1 us-gaap Assets Current
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0 USD
CY2018 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
0 USD
CY2019 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
19126000 USD
CY2018 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
4400000 USD
CY2019 us-gaap Capitalized Computer Software Amortization1
CapitalizedComputerSoftwareAmortization1
12500000 USD
CY2017 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
4000000 USD
CY2018 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 USD
CY2019 us-gaap Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
0 USD
CY2018Q1 us-gaap Capitalized Computer Software Net
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71800000 USD
CY2019Q1 us-gaap Capitalized Computer Software Net
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75400000 USD
CY2018Q1 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
17700000 USD
CY2019Q1 us-gaap Capitalized Software Development Costs For Software Sold To Customers
CapitalizedSoftwareDevelopmentCostsForSoftwareSoldToCustomers
8700000 USD
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
180169000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
169351000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
24441000 USD
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
40605000 USD
CY2019 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2018Q1 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2019Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q1 us-gaap Common Stock Shares Authorized
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150000000 shares
CY2019Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2018Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
52342965 shares
CY2019Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
51019918 shares
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
52342965 shares
CY2019Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
51019918 shares
CY2018Q1 us-gaap Common Stock Value
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523000 USD
CY2019Q1 us-gaap Common Stock Value
CommonStockValue
510000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
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-24101000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
59454000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
43630000 USD
CY2019Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
5600000 USD
CY2018Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
2700000 USD
CY2019Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
20300000 USD
CY2018Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
16600000 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
15000000 USD
CY2017 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
507622000 USD
CY2018 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
492015000 USD
CY2019 us-gaap Cost Of Goods And Services Sold
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550043000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-1424000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9927000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-4165000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
6580000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8937000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8584000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5592000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
19888000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5263000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
436000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1024000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
844000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-8711000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5350000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
12220000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
2864000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-822000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
668000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6800000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5828000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
13351000 USD
CY2018Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
31487000 USD
CY2019Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
39771000 USD
CY2017 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-6800000 USD
CY2018 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-5828000 USD
CY2019 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
13351000 USD
CY2018Q1 us-gaap Deferred Revenue Current
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25814000 USD
CY2019Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
27279000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-953000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
344000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
463000 USD
CY2018Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
40012000 USD
CY2019Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
35546000 USD
CY2018Q1 us-gaap Deferred Tax Assets Inventory
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3183000 USD
CY2019Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
3541000 USD
CY2018Q1 us-gaap Deferred Tax Assets Liabilities Net
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28922000 USD
CY2019Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
24224000 USD
CY2018Q1 us-gaap Deferred Tax Assets Net Noncurrent
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3961000 USD
CY2019Q1 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
4359000 USD
CY2018Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
10810000 USD
CY2019Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4931000 USD
CY2018Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
3479000 USD
CY2019Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
4176000 USD
CY2018Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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3292000 USD
CY2019Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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3728000 USD
CY2018Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
16939000 USD
CY2019Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
15802000 USD
CY2018Q1 us-gaap Deferred Tax Assets Valuation Allowance
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11090000 USD
CY2019Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11322000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2565000 USD
CY2019Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
15547000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
6526000 USD
CY2019Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
19906000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1539000 USD
CY2019Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1909000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
274000 USD
CY2019Q1 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
801000 USD
CY2018Q1 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
14045000 USD
CY2019Q1 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
13766000 USD
CY2018Q1 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
29600000 USD
CY2019Q1 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
28600000 USD
CY2018 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
2381000 USD
CY2019 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
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CY2017 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-119000 USD
CY2018 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-121000 USD
CY2019 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-86000 USD
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0076
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0107
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0097
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0110
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0090
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0075
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0143
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0173
CY2019 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease
0.0178
CY2017Q2 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
31345000 USD
CY2018Q1 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
30476000 USD
CY2019Q1 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
30637000 USD
CY2018 us-gaap Defined Benefit Plan Benefit Obligation Contributions By Plan Participant
DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
3441000 USD
CY2019 us-gaap Defined Benefit Plan Benefit Obligation Contributions By Plan Participant
DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
1815000 USD
CY2019Q1 us-gaap Defined Benefit Plan Expected Amortization Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationNextFiscalYear
300000 USD
CY2019Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
6447000 USD
CY2019Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
1503000 USD
CY2019Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
1370000 USD
CY2019Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
1331000 USD
CY2019Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
1540000 USD
CY2019Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
1252000 USD
CY2017 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
308000 USD
CY2018 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
215000 USD
CY2019 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
208000 USD
CY2017Q2 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
17285000 USD
CY2018Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
16322000 USD
CY2019Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
16287000 USD
CY2018 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
-200000 USD
CY2019 us-gaap Defined Benefit Plan Fair Value Of Plan Assets Period Increase Decrease
DefinedBenefitPlanFairValueOfPlanAssetsPeriodIncreaseDecrease
265000 USD
CY2018 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
709000 USD
CY2019 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
-283000 USD
CY2018Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-14154000 USD
CY2019Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
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CY2017 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
287000 USD
CY2018 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
293000 USD
CY2019 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
340000 USD
CY2017 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
4122000 USD
CY2018 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2349000 USD
CY2019 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1989000 USD
CY2018Q1 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
12665000 USD
CY2019Q1 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
12819000 USD
CY2018 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
-5064000 USD
CY2019 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
-3069000 USD
CY2018 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
-830000 USD
CY2019 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
281000 USD
CY2018 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
152000 USD
CY2019 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-73000 USD
CY2017 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3404000 USD
CY2018 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2651000 USD
CY2019 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1893000 USD
CY2018 us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
4531000 USD
CY2019 us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
2916000 USD
CY2017 us-gaap Depreciation
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66500000 USD
CY2018 us-gaap Depreciation
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57700000 USD
CY2019 us-gaap Depreciation
Depreciation
76800000 USD
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
89733000 USD
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
89247000 USD
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
109418000 USD
CY2018Q1 us-gaap Derivative Liabilities Current
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1583000 USD
CY2019Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
5348000 USD
CY2017 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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0 USD
CY2018 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
8000000 USD
CY2019 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 USD
CY2017 us-gaap Earnings Per Share Basic
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-0.51
CY2017Q3 us-gaap Earnings Per Share Basic
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0.38
CY2017Q3 us-gaap Earnings Per Share Basic
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0.38
CY2017Q4 us-gaap Earnings Per Share Basic
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-0.12
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.07
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.51
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2017Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.12
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.40
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-1571000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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3939000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-3323000 USD
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
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0.044
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.236
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.253
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.315
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.492
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.259
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.003
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.014
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.054
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.016
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.005
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.155
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.019
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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-0.001
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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0.135
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0.000
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0.000
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-0.031
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0.000
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0.000
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0.043
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0.073
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0.003
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0.000
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0.018
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.000
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0.012
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-0.020
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0.013
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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0.010
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3560000 USD
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3246000 USD
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3254000 USD
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263479000 USD
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28226000 USD
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4991000 USD
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26593000 USD
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554000 USD
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4800000 USD
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0 USD
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0 USD
CY2019 us-gaap Impairment Of Intangible Assets Finitelived
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0 USD
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58593000 USD
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0 USD
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
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3534000 USD
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26665000 USD
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56098000 USD
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46968000 USD
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59632000 USD
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73633000 USD
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200000 USD
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200000 USD
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18614000 USD
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13505000 USD
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-383000 USD
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CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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1183000 USD
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137000 USD
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CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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18807000 USD
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15463000 USD
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40000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense
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221000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense
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1588000 USD
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3703000 USD
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0 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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0 USD
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856000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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22000 USD
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462000 USD
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978000 USD
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184000 USD
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29000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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902000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
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561000 USD
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763000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
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768000 USD
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9083000 USD
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8205000 USD
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41401000 USD
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17736000 USD
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38064000 USD
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1552000 USD
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39322000 USD
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18253000 USD
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3594000 USD
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300000 USD
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300000 USD
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12610000 USD
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6200000 USD
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6400000 USD
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6400000 USD
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LegalFees
3011000 USD
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LegalFees
2726000 USD
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1237339000 USD
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1274767000 USD
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7837000 USD
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6305000 USD
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27666000 USD
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0 USD
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28262000 USD
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70009000 USD
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214394000 USD
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17528000 USD
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21942000 USD
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59423000 USD
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322454000 USD
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159738000 USD
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220350000 USD
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159281000 USD
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18726000 USD
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18277000 USD
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20835000 USD
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55019000 USD
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1176000 USD
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343979000 USD
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3 unit
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397875000 USD
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355751000 USD
CY2019 us-gaap Operating Expenses
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333991000 USD
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CY2017Q3 us-gaap Operating Income Loss
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16611000 USD
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24258000 USD
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1013000 USD
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14275000 USD
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56157000 USD
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5293000 USD
us-gaap Operating Income Loss
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26076000 USD
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28320000 USD
CY2019Q1 us-gaap Operating Income Loss
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23856000 USD
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83545000 USD
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17672000 USD
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4041000 USD
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2142000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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3146000 USD
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3281000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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3726000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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1336000 USD
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29991000 USD
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46459000 USD
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9526000 USD
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5814000 USD
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73353000 USD
CY2018 us-gaap Other Asset Impairment Charges
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1941000 USD
CY2019 us-gaap Other Asset Impairment Charges
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21170000 USD
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12061000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11796000 USD
CY2017 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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62000 USD
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CY2019 us-gaap Selling General And Administrative Expense
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1300000 USD
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CY2018Q1 us-gaap Unrecognized Tax Benefits
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4500000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
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252000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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52000 USD
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2019Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk and Significant Customers</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents and accounts receivable. In </font><font style="font-family:inherit;font-size:10pt;">fiscal 2019</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, the Company's ten largest customers accounted for approximately </font><font style="font-family:inherit;font-size:10pt;">52%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">45%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">42%</font><font style="font-family:inherit;font-size:10pt;"> of net revenues, respectively. In </font><font style="font-family:inherit;font-size:10pt;">fiscal 2019</font><font style="font-family:inherit;font-size:10pt;">, 2018 and 2017 two Plasma customers, CSL Plasma Inc. ("CSL") and Grifols S.A. ("Grifols"), each were greater than 10% of total net revenue and in total accounted for approximately </font><font style="font-family:inherit;font-size:10pt;">27%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">26%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">24%</font><font style="font-family:inherit;font-size:10pt;"> of net revenues, respectively. Additionally, one Blood Center customer accounted for greater than 10% of the Japan segment&#8217;s net revenues in fiscal 2019, 2018 and 2017.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain other markets and industries can expose the Company to concentrations of credit risk. For example, in the Plasma business unit, sales are concentrated with several large customers. As a result, accounts receivable extended to any one of these biopharmaceutical customers can be significant at any point in time. Also, a portion of the Company's trade accounts receivable outside the U.S. include sales to government-owned or supported healthcare systems in several countries, which are subject to payment delays. Payment is dependent upon the financial stability and creditworthiness of those countries&#8217; national economies. The Company has not incurred significant losses on government receivables. The Company continually evaluates all government receivables for potential collection risks associated with the availability of government funding and reimbursement practices. If the financial condition of customers or the countries&#8217; healthcare systems deteriorate such that their ability to make payments is uncertain, allowances may be required in future periods.</font></div></div>
CY2019 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Fiscal Year</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Haemonetics' fiscal year ends on the Saturday closest to the last day of March. Fiscal </font><font style="font-family:inherit;font-size:10pt;">2019</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> include </font><font style="font-family:inherit;font-size:10pt;">52</font><font style="font-family:inherit;font-size:10pt;"> weeks with each quarter having </font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;"> weeks. </font></div></div>
CY2019 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain immaterial reclassifications have been made to prior years' amounts to conform to the current year's presentation.</font></div></div>
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires the Company 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 and the reported amounts of revenues and expenses during the reporting period. Actual results could vary from the amounts derived from its estimates and assumptions. The Company considers estimates to be critical if they are required to make assumptions about material matters that are uncertain at the time of estimation or if materially different estimates could have been made or it is reasonably likely that the accounting estimate will change from period to period. The following are areas considered to be critical and require management&#8217;s judgment: revenue recognition, inventory provisions, intangible asset and goodwill valuation, legal and other judgmental accruals and income taxes.</font></div></div>

Files In Submission

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