2019 Form 10-K Financial Statement

#000091040619000077 Filed on August 29, 2019

View on sec.gov

Income Statement

Concept 2019 2018 Q2 2018 Q1
Revenue $2.105B $619.6M $632.7M
YoY Change -14.37% 2.77% 7.46%
Cost Of Revenue $1.706B $494.5M $499.7M
YoY Change -5.13% 7.73% 11.15%
Gross Profit $398.5M $125.1M $133.0M
YoY Change -14.72% -13.04% -4.45%
Gross Profit Margin 18.93% 20.19% 21.02%
Selling, General & Admin $314.0M $80.80M $86.06M
YoY Change -0.72% 7.88% 12.99%
% of Gross Profit 78.8% 64.59% 64.7%
Research & Development $11.12M
YoY Change 14.69%
% of Gross Profit 2.79%
Depreciation & Amortization $50.90M $15.70M $8.212M
YoY Change -6.33% 5.37% -1.96%
% of Gross Profit 12.77% 12.55% 6.17%
Operating Expenses $325.1M $85.20M $86.06M
YoY Change -0.26% 7.85% 12.99%
Operating Profit -$32.49M $16.58M $29.25M
YoY Change -137.49% 131.11% -41.05%
Interest Expense -$22.50M -$7.400M -$6.800M
YoY Change -16.36% 32.14% 25.93%
% of Operating Profit -44.63% -23.24%
Other Income/Expense, Net -$994.0K -$3.400M $1.560M
YoY Change -146.21% 1600.0% -175.29%
Pretax Income -$121.0M $5.838M $24.03M
YoY Change 3480.02% 327.38% -42.98%
Income Tax -$3.232M $4.500M -$1.310M
% Of Pretax Income 77.08% -5.45%
Net Earnings -$183.3M -$69.94M $12.69M
YoY Change -1991.0% -22445.37% -59.51%
Net Earnings / Revenue -8.71% -11.29% 2.0%
Basic Earnings Per Share -$1.76 -$0.67 $0.12
Diluted Earnings Per Share -$1.76 -$0.67 $0.12
COMMON SHARES
Basic Shares Outstanding 104.1M shares 108.4M shares 103.9M shares
Diluted Shares Outstanding 104.1M shares 104.5M shares

Balance Sheet

Concept 2019 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.50M $106.6M $117.2M
YoY Change -62.95% -22.25% -27.92%
Cash & Equivalents $39.50M $106.6M $117.2M
Short-Term Investments
Other Short-Term Assets $60.40M $300.8M $377.8M
YoY Change -79.92% 76.94% 481.23%
Inventory $364.9M $391.5M $399.2M
Prepaid Expenses $59.95M $62.64M
Receivables $236.9M $252.7M $261.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $701.8M $1.052B $1.156B
YoY Change -33.26% 20.21% 27.69%
LONG-TERM ASSETS
Property, Plant & Equipment $328.4M $310.2M $314.2M
YoY Change 5.87% 6.27% -16.69%
Goodwill $885.7M $1.057B
YoY Change -13.08% 2.36%
Intangibles $510.4M $540.2M
YoY Change -2.08% -4.79%
Long-Term Investments $18.90M $20.70M $20.10M
YoY Change -8.7% 8.95% 5.79%
Other Assets $59.40M $29.67M $33.31M
YoY Change 100.0% -1.88% 2.94%
Total Long-Term Assets $1.881B $1.895B $1.965B
YoY Change -0.75% -7.84% -3.14%
TOTAL ASSETS
Total Short-Term Assets $701.8M $1.052B $1.156B
Total Long-Term Assets $1.881B $1.895B $1.965B
Total Assets $2.583B $2.947B $3.121B
YoY Change -12.36% 0.53% 6.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $238.3M $230.0M $214.7M
YoY Change 3.61% 23.52% -9.46%
Accrued Expenses $118.9M $116.0M $111.3M
YoY Change 2.5% 8.69% 10.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $25.90M $26.61M $25.68M
YoY Change -2.63% 176.39% 203.62%
Total Short-Term Liabilities $383.2M $422.4M $413.7M
YoY Change -9.28% 24.07% 19.33%
LONG-TERM LIABILITIES
Long-Term Debt $613.5M $687.5M $723.5M
YoY Change -10.76% -7.11% -7.35%
Other Long-Term Liabilities $14.70M $12.77M $24.21M
YoY Change 14.84% -20.06% 46.15%
Total Long-Term Liabilities $628.2M $700.3M $747.7M
YoY Change -10.3% -7.39% -6.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $383.2M $422.4M $413.7M
Total Long-Term Liabilities $628.2M $700.3M $747.7M
Total Liabilities $1.063B $1.210B $1.245B
YoY Change -12.09% -0.71% -1.84%
SHAREHOLDERS EQUITY
Retained Earnings $878.5M $948.5M
YoY Change 1.12% 9.21%
Common Stock $1.084M $1.084M
YoY Change 0.37% 0.37%
Preferred Stock
YoY Change
Treasury Stock (at cost) $106.5M $106.2M
YoY Change 7.24% 7.26%
Treasury Stock Shares 4.470M shares 4.458M shares
Shareholders Equity $1.519B $1.737B $1.876B
YoY Change
Total Liabilities & Shareholders Equity $2.583B $2.947B $3.121B
YoY Change -12.36% 0.53% 6.37%

Cashflow Statement

Concept 2019 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income -$183.3M -$69.94M $12.69M
YoY Change -1991.0% -22445.37% -59.51%
Depreciation, Depletion And Amortization $50.90M $15.70M $8.212M
YoY Change -6.33% 5.37% -1.96%
Cash From Operating Activities $41.30M $51.60M $30.20M
YoY Change -65.95% -24.78% -14.2%
INVESTING ACTIVITIES
Capital Expenditures -$75.80M -$22.50M -$23.70M
YoY Change 6.91% 35.54% 1085.0%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $43.80M -$900.0K -$2.100M
YoY Change -295.54% -95.89% -84.33%
Cash From Investing Activities -$32.00M -$23.50M -$25.70M
YoY Change -61.22% -39.12% 67.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $90.00M
YoY Change 2300.0%
Cash From Financing Activities -80.60M -33.30M -21.90M
YoY Change 16.0% -29.75% 41.29%
NET CHANGE
Cash From Operating Activities 41.30M 51.60M 30.20M
Cash From Investing Activities -32.00M -23.50M -25.70M
Cash From Financing Activities -80.60M -33.30M -21.90M
Net Change In Cash -$73.49M -5.200M -17.40M
YoY Change 116.31% -70.11% -495.45%
FREE CASH FLOW
Cash From Operating Activities $41.30M $51.60M $30.20M
Capital Expenditures -$75.80M -$22.50M -$23.70M
Free Cash Flow $117.1M $74.10M $53.90M
YoY Change -39.08% -13.03% 44.89%

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CY2019 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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USD
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0.01
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0.01
CY2019Q2 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
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150000000 shares
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1857255000 USD
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3639000 USD
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14884000 USD
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20542000 USD
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18694000 USD
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32922000 USD
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20616000 USD
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23093000 USD
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1383000 USD
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760000 USD
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692000 USD
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1022000 USD
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26605000 USD
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25919000 USD
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-24045000 USD
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29951000 USD
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86909000 USD
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41000 USD
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3985000 USD
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502000 USD
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877000 USD
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1348000 USD
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960000 USD
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1973000 USD
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1188000 USD
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827000 USD
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20712000 USD
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20831000 USD
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34912000 USD
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86909000 USD
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21959000 USD
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97365000 USD
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92923000 USD
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133000 USD
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8444000 USD
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6060000 USD
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1367000 USD
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1371000 USD
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0 USD
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59568000 USD
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60809000 USD
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56914000 USD
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365000 USD
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626000 USD
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27000 USD
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103000 USD
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0.09
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197000 USD
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0.256
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0.052
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0.35
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0.281
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.209994806393906
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-0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.001
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-0.189
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0.000
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0.000
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0.010
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0.000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.000
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-0.088
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0.000
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0.022
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0.000
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0.022
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0.008
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0.068
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0.000
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0.087
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0.034
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0.188
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount
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-25006000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount
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0 USD
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0.000
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent
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0.000
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3622000 USD
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0 USD
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2165000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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1189000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
2538000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
0 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
0 USD
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692000 USD
CY2019Q2 us-gaap Equity Securities Fv Ni
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621000 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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2281000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
1870000 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
13000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Other Comprehensive Income
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome
39000 USD
CY2018 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
1547000 USD
CY2019 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
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0 USD
CY2017Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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2656000 USD
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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1909000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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0 USD
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114545000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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126966000 USD
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13916000 USD
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9646000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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12197000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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12770000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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13473000 USD
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FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P9Y5M5D
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0 USD
CY2018 us-gaap Gain On Business Interruption Insurance Recovery
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0 USD
CY2019 us-gaap Gain On Business Interruption Insurance Recovery
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4460000 USD
CY2017Q2 us-gaap Goodwill
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1018892000 USD
CY2018Q2 us-gaap Goodwill
Goodwill
1024136000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
1008979000 USD
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7062000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
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5882000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-15157000 USD
CY2017Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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126577000 USD
CY2018Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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134277000 USD
CY2019Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
134277000 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
7700000 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
7700000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018Q2 us-gaap Goodwill Impairment Loss Net Of Tax
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5553000 USD
CY2018 us-gaap Goodwill Transfers
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0 USD
CY2017 us-gaap Gross Profit
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519396000 USD
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123388000 USD
CY2017Q4 us-gaap Gross Profit
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133950000 USD
CY2018Q1 us-gaap Gross Profit
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133013000 USD
CY2018Q2 us-gaap Gross Profit
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125097000 USD
CY2018 us-gaap Gross Profit
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515448000 USD
CY2018Q3 us-gaap Gross Profit
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99594000 USD
CY2018Q4 us-gaap Gross Profit
GrossProfit
114273000 USD
CY2019Q1 us-gaap Gross Profit
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125269000 USD
CY2019Q2 us-gaap Gross Profit
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106077000 USD
CY2019 us-gaap Gross Profit
GrossProfit
445213000 USD
CY2017 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
40452000 USD
CY2018 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
14033000 USD
CY2019 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
33719000 USD
CY2019Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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4393000 USD
CY2017 us-gaap Income Loss From Continuing Operations
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65541000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
18613000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
43130000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
25241000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-4556000 USD
CY2018 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
82428000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-23101000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-29278000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
10088000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-7654000 USD
CY2019 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-49945000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
47781000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-13936000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-134096000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
40097000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
95138000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
82109000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
87878000 USD
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
26086000 USD
CY2017Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
25246000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
24032000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5838000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
81202000 USD
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-32409000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-24577000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
13407000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-8408000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-51987000 USD
CY2017 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.63
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.18
CY2017Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.42
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.24
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.04
CY2018 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.79
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.22
CY2018Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.28
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.10
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.07
CY2019 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.48
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.63
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.18
CY2017Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.41
CY2018Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.24
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.04
CY2018 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.79
CY2018Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.22
CY2018Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.28
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.10
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.07
CY2019 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.48
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1889000 USD
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1233000 USD
CY2017Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
3973000 USD
CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-12555000 USD
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-65385000 USD
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-72734000 USD
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-14324000 USD
CY2018Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-37223000 USD
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-75925000 USD
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-5897000 USD
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-133369000 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2017Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.04
CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.12
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.63
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.70
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.14
CY2018Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.36
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.73
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.06
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-1.28
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.02
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2017Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.04
CY2018Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.12
CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.63
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.70
CY2018Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.14
CY2018Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.36
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.73
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.06
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-1.28
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
129000 USD
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
339000 USD
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-655000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
22466000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-887000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-33109000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
9269000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2697000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-60000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
119000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
9810000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-1841000 USD
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2017 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
846000 USD
CY2018 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
0 USD
CY2019 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
0 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-6539000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-7174000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
205000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
30757000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
22818000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-10917000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
1816000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
0 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1848000 USD
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
571000 USD
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-3549000 USD
CY2017 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
0 USD
CY2018 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
7054000 USD
CY2019 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
6834000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2757000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2774000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-9793000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-4417000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-3859000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
841000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2900000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
24284000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
22535000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2957000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
49286000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-16972000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-33494000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
24841000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-21194000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-209000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
45036000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-20648000 USD
CY2017 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4521000 USD
CY2018 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2396000 USD
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3697000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5758000 USD
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
637000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
629000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2018Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
385609000 USD
CY2019Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
359727000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
510387000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
465211000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
18819000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
24168000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
33751000 USD
CY2018Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
231926000 USD
CY2019Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
220600000 USD
CY2018Q2 us-gaap Inventory Net
InventoryNet
391525000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
364887000 USD
CY2018Q2 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
159599000 USD
CY2019Q2 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
144287000 USD
CY2018 us-gaap Inventory Write Down
InventoryWriteDown
4913000 USD
CY2019Q2 us-gaap Inventory Write Down
InventoryWriteDown
10346000 USD
CY2019 us-gaap Inventory Write Down
InventoryWriteDown
12381000 USD
CY2018Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
20725000 USD
CY2019Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
18890000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
1209625000 USD
CY2019Q2 us-gaap Liabilities
Liabilities
1063301000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2946674000 USD
CY2019Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2582620000 USD
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
422445000 USD
CY2019Q2 us-gaap Liabilities Current
LiabilitiesCurrent
383157000 USD
CY2018Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1936000 USD
CY2019Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
103000 USD
CY2018Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
49846000 USD
CY2019Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2018Q2 us-gaap Long Term Debt
LongTermDebt
714106000 USD
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
639456000 USD
CY2018Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
26605000 USD
CY2019Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
25919000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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111000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
25919000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
47000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
581775000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
15204000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
16400000 USD
CY2018Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
687501000 USD
CY2019Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
613537000 USD
CY2018Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
99000 USD
CY2019Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
44000 USD
CY2017 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-2994000 USD
CY2018 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-3477000 USD
CY2019 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-6460000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-147089000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-69482000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-44465000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-60432000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-82521000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-69983000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
232695000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
121308000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
49519000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
67430000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
19846000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
47103000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
12686000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-69941000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
9694000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
-37425000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-66501000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-65837000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-13551000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-183314000 USD
CY2018Q2 us-gaap Noncurrent Assets
NoncurrentAssets
360564000 USD
CY2019Q2 us-gaap Noncurrent Assets
NoncurrentAssets
376687000 USD
CY2019Q2 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
80 country
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
109423000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
29241000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
30965000 USD
CY2018Q1 us-gaap Operating Income Loss
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CY2018 us-gaap Operating Income Loss
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740000 USD
CY2019 us-gaap Operating Income Loss
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16584000 USD
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44452000 USD
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CY2018 us-gaap Operating Leases Rent Expense Net
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36054000 USD
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0 USD
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37091000 USD
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3567000 USD
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9801000 USD
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29667000 USD
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59391000 USD
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CY2018 us-gaap Other Comprehensive Income Loss Before Tax
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11225000 USD
CY2019 us-gaap Other Comprehensive Income Loss Before Tax
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-41097000 USD
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-22951000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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11497000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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-41180000 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-22951000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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11497000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-41180000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
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-23368000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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11239000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2017 us-gaap Other Comprehensive Income Loss Tax
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-47000 USD
CY2018 us-gaap Other Comprehensive Income Loss Tax
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-14000 USD
CY2019 us-gaap Other Comprehensive Income Loss Tax
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15000 USD
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-411000 USD
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-82000 USD
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83000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-67000 USD
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68000 USD
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-32000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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-15000 USD
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15000 USD
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0 USD
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0 USD
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-15000 USD
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1000 USD
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0 USD
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232450000 USD
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12770000 USD
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741000 USD
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19544000 USD
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12368000 USD
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0 USD
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47307000 USD
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70891000 USD
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77128000 USD
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0.01
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0.01
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5000000 shares
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5000000 shares
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0 shares
CY2019Q2 us-gaap Preferred Stock Shares Issued
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0 shares
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0 shares
CY2019Q2 us-gaap Preferred Stock Shares Outstanding
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0 shares
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0 USD
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0 USD
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59946000 USD
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60429000 USD
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0 USD
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299245000 USD
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0 USD
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90000000 USD
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65000000 USD
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285000000 USD
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6419000 USD
CY2018 us-gaap Proceeds From Sale Of Other Assets Investing Activities
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738000 USD
CY2019 us-gaap Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
7145000 USD
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0 USD
CY2018 us-gaap Proceeds From Stock Options Exercised
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0 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
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ProfessionalFees
29562000 USD
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3642000 USD
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4451000 USD
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2887000 USD
CY2018 us-gaap Professional Fees
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9293000 USD
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4334000 USD
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555800000 USD
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310172000 USD
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328362000 USD
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0 USD
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3750000 USD
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90000000 USD
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181203000 USD
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400220000 USD
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268791000 USD
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19199000 USD
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996000 USD
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3171000 USD
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10130000 USD
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9696000 USD
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11120000 USD
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616232000 USD
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632720000 USD
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619598000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2457769000 USD
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560833000 USD
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584156000 USD
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557682000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2302468000 USD
CY2019 us-gaap Revenue Performance Obligation Description Of Timing
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Payment terms and conditions vary by customer and are based on the billing schedule established in our contracts or purchase orders with customers, but we generally provide credit terms to customers ranging from 15-60 days
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CY2019 us-gaap Selling General And Administrative Expense
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340949000 USD
CY2017 us-gaap Share Based Compensation
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CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
11177000 USD
CY2019 us-gaap Share Based Compensation
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9932000 USD
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122000 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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122000 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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122000 shares
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2.26
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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2.26
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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2.26
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6507000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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0 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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0 USD
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2394000 USD
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342000 shares
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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122000 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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122000 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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122000 shares
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6.66
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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2.26
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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2.26
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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2.26
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9.10
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.00
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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9658000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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11177000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
10065000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P12Y
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220000 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
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0 shares
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
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1000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
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0 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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0 USD
CY2017Q2 us-gaap Stock Repurchase Program Authorized Amount1
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250000000 USD
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250000000 USD
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1664514000 USD
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1712832000 USD
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1737049000 USD
CY2019Q2 us-gaap Stockholders Equity
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1519319000 USD
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7054000 USD
CY2019 us-gaap Tax Cuts And Jobs Act Of2017 Measurement Period Adjustment Income Tax Expense Benefit
TaxCutsAndJobsActOf2017MeasurementPeriodAdjustmentIncomeTaxExpenseBenefit
6834000 USD
CY2018Q2 us-gaap Treasury Stock Shares
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4470000 shares
CY2019Q2 us-gaap Treasury Stock Shares
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4614000 shares
CY2018Q2 us-gaap Treasury Stock Value
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106507000 USD
CY2019Q2 us-gaap Treasury Stock Value
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110039000 USD
CY2019Q2 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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289076000 USD
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16019000 USD
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11602000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
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6730000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
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11869000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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82000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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275000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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217000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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118000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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248000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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0 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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5446000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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4634000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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4990000 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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555000 USD
CY2017Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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6409000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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2917000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
8057000 USD
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104248000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104477000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
104076000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103611000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103848000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
104076000 shares
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:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Valuation of Accounts and Chargebacks Receivable and Concentration of Credit Risk</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company routinely performs credit evaluations on existing and new customers. The Company applies reserves for delinquent or uncollectible trade receivables based on a specific identification methodology and also applies an additional reserve based on the experience the Company has with its trade receivables aging categories. Credit losses have been within the Company&#8217;s expectations in recent years. While one of the Company&#8217;s customers represented approximately&#160;</font><font style="font-family:inherit;font-size:10pt;">12%</font><font style="font-family:inherit;font-size:10pt;"> and&#160;</font><font style="font-family:inherit;font-size:10pt;">11%</font><font style="font-family:inherit;font-size:10pt;">&#160;of trade receivables balances as of&#160;</font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2019</font><font style="font-family:inherit;font-size:10pt;">&#160;and&#160;</font><font style="font-family:inherit;font-size:10pt;">2018</font><font style="font-family:inherit;font-size:10pt;">, respectively, the Company believes that there is no significant or unusual credit exposure at this time.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on cash collection history and other statistical analysis, the Company estimates the amount of unauthorized deductions customers have taken that we expect will be collected and repaid in the near future and records a chargeback receivable. Differences between estimated collectible receivables and actual collections are recognized in earnings in the period such differences are determined.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2019 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description of Business</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Hain Celestial Group, Inc., a Delaware corporation, was founded in 1993 and is headquartered in Lake Success, New York. The Company&#8217;s mission has continued to evolve since its founding, with health and wellness being the core tenet. The Company continues to be a leading marketer, manufacturer and seller of organic and natural, &#8220;better-for-you&#8221; products by anticipating and exceeding consumer expectations in providing quality, innovation, value and convenience. The Company is committed to growing sustainably while continuing to implement environmentally sound business practices and manufacturing processes. Hain Celestial sells its products through specialty and natural food distributors, supermarkets, natural food stores, mass-market and e-commerce retailers, food service channels and club, drug and convenience stores in over </font><font style="font-family:inherit;font-size:10pt;">80</font><font style="font-family:inherit;font-size:10pt;"> countries worldwide.&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company manufactures, markets, distributes and sells organic and natural products under brand names that are sold as &#8220;better-for-you&#8221; products, with many recognized brands in the various market categories it serves, including Almond Dream</font><font style="font-family:inherit;font-size:10pt;"><sup 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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: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:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Tea</font><font style="font-family:inherit;font-size:10pt;">, which includes tea products marketed under the Celestial Seasonings</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> brand.</font></div></td></tr></table><div style="line-height:174%;text-align:left;padding-left:72px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additionally, beginning in fiscal 2017, the Company launched Hain Ventures (formerly known as &#8220;Cultivate Ventures&#8221;), a venture unit with a twofold purpose: (i) to strategically invest in the Company&#8217;s smaller brands in high potential categories, by giving these brands a dedicated, creative focus for refresh and relaunch and; (ii) to incubate and grow small acquisitions until they reach the scale required to migrate to the Company&#8217;s core platforms. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During fiscal 2019, the Company refined its strategy within the United States segment, focusing on simplifying the Company&#8217;s portfolio and reinvigorating profitable sales growth through removing uneconomic investment, realigning resources to coincide with individual brand role, reducing unproductive stock-keeping units (&#8220;SKUs&#8221;) and brands, and reassessing current pricing architecture. As part of this initiative, the Company reviewed its product portfolio and divided it into &#8220;Get Bigger&#8221; and &#8220;Get Better&#8221; brand categories.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s &#8220;Get Bigger&#8221; brands represent its strongest brands with higher margins, which compete in categories with strong growth. In order to capitalize on the potential of these brands, the Company began reallocating resources to optimize assortment and increase share of distribution. In addition, the Company will increase its marketing and innovation investments.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s &#8220;Get Better&#8221; brands are the brands in which the Company is primarily focused on simplification and expansion of profit. Some of these are low margin, non-strategic brands that add complexity with minimal benefit to the Company&#8217;s operations. Accordingly, in fiscal 2019, the Company initiated a SKU rationalization, which included the elimination of approximately </font><font style="font-family:inherit;font-size:10pt;">350</font><font style="font-family:inherit;font-size:10pt;"> low velocity SKUs. The elimination of these SKUs is expected to impact sales growth in the next fiscal year, but is expected to result in expanded profits and a remaining set of core SKUs that will maintain their shelf space in the store.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As part of the Company&#8217;s overall strategy, the Company may seek to dispose of businesses and brands that are less profitable or are otherwise less of a strategic fit within our core portfolio. Accordingly, the Company divested of all of its operations of the Hain Pure Protein reportable segment (discussed further below) and WestSoy</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">&#174;</sup></font><font style="font-family:inherit;font-size:10pt;"> tofu, seitan and tempeh businesses in the United States. Additionally, on August 27, 2019, the Company sold the entities comprising its Tilda operating segment and certain other assets of the Tilda business. See Note 21,&#160;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Subsequent Event, </font><font style="font-family:inherit;font-size:10pt;">for additional information.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:174%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Productivity and Transformation</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As part of the Company&#8217;s historical strategic review, it focused on a productivity initiative, which it called &#8220;Project Terra.&#8221; A key component of this project was the identification of global cost savings, and the removal of complexity from the business. This review has included and continues to include streamlining the Company&#8217;s manufacturing plants, co-packers and supply chain, eliminating served categories or brands within those categories, and product rationalization initiatives which are aimed at eliminating slow moving SKUs.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In fiscal 2019, the Company announced a new transformation initiative, of which one aspect is to identify additional areas of productivity savings to support sustainable profitable performance. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Discontinued Operations</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2018, the Company&#8217;s Board of Directors approved a plan to sell all of the operations of the Hain Pure Protein Corporation (&#8220;HPPC&#8221;) operating segment, which includes the Plainville Farms and FreeBird businesses, and the EK Holdings, Inc. (&#8220;Empire Kosher&#8221; or &#8220;Empire&#8221;) operating segment, which were reported in the aggregate as the Hain Pure Protein reportable segment. These dispositions were being undertaken to reduce complexity in the Company&#8217;s operations and simplify the Company&#8217;s brand portfolio, in addition to allowing additional flexibility to focus on opportunities for growth and innovation in the Company&#8217;s more profitable and faster growing core businesses.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Collectively, these dispositions represent a&#160;strategic shift&#160;that will have a major impact on the Company&#8217;s operations and financial results and have been accounted for as discontinued operations. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February&#160;15, 2019, the Company completed the sale of substantially all of the assets used primarily for the Plainville Farms business (a component of HPPC).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On June 28, 2019, the Company completed the sale of the remainder of HPPC and Empire Kosher which includes the FreeBird</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> </sup></font><font style="font-family:inherit;font-size:10pt;">and Empire Kosher businesses. See Note 5, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Discontinued Operations, </font><font style="font-family:inherit;font-size:10pt;">for additional information.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Presentation </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. Investments in affiliated companies in which the Company exercises significant influence, but which it does not control, are accounted for under the equity method of accounting. As such, consolidated net (loss) income includes the Company&#8217;s equity in the current earnings or losses of such companies.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unless otherwise indicated, references in these consolidated financial statements to </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;"> or &#8220;fiscal&#8221; </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;"> or other years refer to our fiscal year ended June 30 of that respective year and references to </font><font style="font-family:inherit;font-size:10pt;">2020</font><font style="font-family:inherit;font-size:10pt;"> or &#8220;fiscal&#8221; </font><font style="font-family:inherit;font-size:10pt;">2020</font><font style="font-family:inherit;font-size:10pt;"> refer to our fiscal year ending </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2020</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified to conform with current year presentation.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Discontinued Operations</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The financial statements separately report&#160;discontinued operations&#160;and the results of continuing operations (See Note 5). All footnotes exclude discontinued operations unless otherwise noted.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The financial statements are prepared in accordance with accounting principles generally accepted in the United States (&#8220;U.S. GAAP&#8221;). The accounting principles we use require us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and amounts of income and expenses during the reporting periods presented. These estimates include, among others, revenue recognition, trade promotions and sales incentives, valuation of accounts and chargeback receivables, accounting for acquisitions, valuation of long-lived assets, goodwill and intangible assets, stock-based compensation, and valuation allowances for deferred tax assets. We believe in the quality and reasonableness of our critical accounting estimates; however, materially different amounts may be reported under different conditions or using assumptions different from those that we have consistently applied.</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:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified to conform with current year 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%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The financial statements are prepared in accordance with accounting principles generally accepted in the United States (&#8220;U.S. GAAP&#8221;). The accounting principles we use require us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and amounts of income and expenses during the reporting periods presented. These estimates include, among others, revenue recognition, trade promotions and sales incentives, valuation of accounts and chargeback receivables, accounting for acquisitions, valuation of long-lived assets, goodwill and intangible assets, stock-based compensation, and valuation allowances for deferred tax assets. We believe in the quality and reasonableness of our critical accounting estimates; however, materially different amounts may be reported under different conditions or using assumptions different from those that we have consistently applied. </font></div></div>

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