2013 Form 10-K Financial Statement

#000004661913000017 Filed on December 19, 2013

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012 Q3
Revenue $1.009B $242.4M $226.0M
YoY Change 12.42% 16.03% 14.55%
Cost Of Revenue $637.6M $152.7M $141.7M
YoY Change 11.87% 13.45% 11.2%
Gross Profit $371.2M $89.74M $84.25M
YoY Change 13.36% 20.75% 20.66%
Gross Profit Margin 36.8% 37.02% 37.28%
Selling, General & Admin $187.6M $44.10M $41.80M
YoY Change 14.29% 19.51% 22.5%
% of Gross Profit 50.54% 49.14% 49.61%
Research & Development $32.90M $7.500M
YoY Change 8.23% 15.38%
% of Gross Profit 8.86% 8.9%
Depreciation & Amortization $36.79M $8.500M $7.737M
YoY Change 20.01% 66.67% 70.61%
% of Gross Profit 9.91% 9.47% 9.18%
Operating Expenses $220.5M $44.10M $49.30M
YoY Change 13.34% 19.51% 21.36%
Operating Profit $183.6M $45.64M $42.46M
YoY Change 12.43% 21.96% 18.9%
Interest Expense -$3.700M -$600.0K -$600.0K
YoY Change 54.17%
% of Operating Profit -2.02% -1.31% -1.41%
Other Income/Expense, Net $888.0K $100.0K -$131.0K
YoY Change 183.71% -200.0% 129.82%
Pretax Income $168.6M $45.10M $41.77M
YoY Change 7.29% 20.91% 17.2%
Income Tax $56.20M $15.80M $13.10M
% Of Pretax Income 33.32% 35.03% 31.36%
Net Earnings $102.4M $23.79M $23.13M
YoY Change 20.26% 28.5% 13.36%
Net Earnings / Revenue 10.15% 9.81% 10.24%
Basic Earnings Per Share $1.54 $0.36 $0.35
Diluted Earnings Per Share $1.53 $0.36 $0.35
COMMON SHARES
Basic Shares Outstanding 66.30M shares 52.70M shares
Diluted Shares Outstanding 66.98M shares 53.29M shares

Balance Sheet

Concept 2013 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.50M $21.50M $14.00M
YoY Change -27.91% 22.86% -49.28%
Cash & Equivalents $15.50M $21.45M $13.97M
Short-Term Investments
Other Short-Term Assets $50.00M $34.50M $34.60M
YoY Change 44.93% 24.1% 31.56%
Inventory $218.9M $189.7M $192.9M
Prepaid Expenses
Receivables $157.0M $122.2M $113.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $441.5M $367.9M $355.2M
YoY Change 20.01% 16.19% 14.6%
LONG-TERM ASSETS
Property, Plant & Equipment $97.70M $80.52M $78.83M
YoY Change 21.37% 20.04% 38.29%
Goodwill $542.1M $531.6M
YoY Change 22.26%
Intangibles $154.3M $147.2M
YoY Change 97.45%
Long-Term Investments
YoY Change
Other Assets $63.80M $45.49M $43.87M
YoY Change 32.92% 36.09% 22.21%
Total Long-Term Assets $1.092B $824.9M $804.0M
YoY Change 32.32% 32.11% 47.59%
TOTAL ASSETS
Total Short-Term Assets $441.5M $367.9M $355.2M
Total Long-Term Assets $1.092B $824.9M $804.0M
Total Assets $1.533B $1.193B $1.159B
YoY Change 28.52% 26.75% 35.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $54.90M $50.08M $41.75M
YoY Change 9.58% 15.01% 19.96%
Accrued Expenses $105.7M $76.24M $68.68M
YoY Change 38.71% -0.18% 22.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $700.0K $600.0K $300.0K
YoY Change 16.67% 100.0%
Total Short-Term Liabilities $161.3M $131.5M $114.4M
YoY Change 22.66% 6.58% 21.84%
LONG-TERM LIABILITIES
Long-Term Debt $376.8M $131.2M $152.6M
YoY Change 187.2% 229.65% 152500.0%
Other Long-Term Liabilities $84.00M $52.78M $51.15M
YoY Change 59.09% 58.14% 34.97%
Total Long-Term Liabilities $460.8M $52.78M $51.15M
YoY Change 150.43% 58.14% 34.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $161.3M $131.5M $114.4M
Total Long-Term Liabilities $460.8M $52.78M $51.15M
Total Liabilities $926.7M $405.9M $409.5M
YoY Change 60.83% 58.88% 25.47%
SHAREHOLDERS EQUITY
Retained Earnings $375.1M $355.2M
YoY Change 25.24%
Common Stock $244.8M $242.3M
YoY Change 8.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $606.3M $616.7M $590.4M
YoY Change
Total Liabilities & Shareholders Equity $1.533B $1.193B $1.159B
YoY Change 28.52% 26.75% 35.63%

Cashflow Statement

Concept 2013 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $102.4M $23.79M $23.13M
YoY Change 20.26% 28.5% 13.36%
Depreciation, Depletion And Amortization $36.79M $8.500M $7.737M
YoY Change 20.01% 66.67% 70.61%
Cash From Operating Activities $131.8M $60.30M $33.00M
YoY Change -4.9% 48.89% -2.65%
INVESTING ACTIVITIES
Capital Expenditures $18.33M -$2.900M $4.233M
YoY Change 20.09% -21.62% 126.97%
Acquisitions $222.6M
YoY Change 12.85%
Other Investing Activities $342.0K -$25.80M -$10.10M
YoY Change 112.42% -60.61% 818.18%
Cash From Investing Activities -$241.3M -$28.70M -$14.40M
YoY Change 13.44% -58.53% 396.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 103.2M -24.30M -26.60M
YoY Change 31.59% -230.65% 139.64%
NET CHANGE
Cash From Operating Activities 131.8M 60.30M 33.00M
Cash From Investing Activities -241.3M -28.70M -14.40M
Cash From Financing Activities 103.2M -24.30M -26.60M
Net Change In Cash -6.300M 7.300M -8.000M
YoY Change -246.38% -172.28% -140.2%
FREE CASH FLOW
Cash From Operating Activities $131.8M $60.30M $33.00M
Capital Expenditures $18.33M -$2.900M $4.233M
Free Cash Flow $113.5M $63.20M $28.77M
YoY Change -7.99% 42.99% -10.2%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Concentrations of Credit Risk</font></div><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of temporary cash investments and trade accounts receivable.&#160;&#160;The Company places its temporary cash investments with high credit quality financial institutions and limits the amount of credit exposure to any one financial institution.&#160;&#160;Concentrations of credit risk with respect to trade receivables are limited due to the large number of customers comprising the Company&#8217;s customer base and their dispersion across many different geographical regions.&#160;&#160;The Company performs ongoing credit evaluations of its customers, but does not generally require collateral to support customer receivables.</font></div><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br clear="none"/></font></div></div>
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CY2013 us-gaap Deferred Tax Expense From Stock Options Exercised
DeferredTaxExpenseFromStockOptionsExercised
5191000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
93655000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
60399000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
148711000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
102829000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
90436000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
128482000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
1154000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
712000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
12486000 USD
CY2012Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
8950000 USD
CY2013 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
100000 USD
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3000000 USD
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3200000 USD
CY2013 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2013 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.5
CY2013 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18543000 USD
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36790000 USD
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30656000 USD
CY2013 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2014-01-17
CY2012Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
116600000 USD
CY2013 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2013-12-17
CY2013 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2014-01-03
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.29
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.54
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.12
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.28
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.53
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.10
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
312000 USD
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
8000 USD
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-353000 USD
CY2013Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
156801000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
32858000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
52568000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
62300000 USD
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.310
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.338
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.311
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2011 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.010
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.013
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.012
CY2013 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.013
CY2011 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.025
CY2012 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
0.017
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.005
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.009
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.031
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.031
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.017
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.027
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
0.026
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.005
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.001
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.014
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
41307000 USD
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
52435000 USD
CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
18800000 USD
CY2013 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y9M4D
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
12110000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5126000 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
6346000 USD
CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
12110000 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
6346000 USD
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
5126000 USD
CY2012Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
102172000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
28000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
20900000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
23100000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
24200000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
26100000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
237136000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
150659000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
117801000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
184568000 USD
CY2012Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
2900000 USD
CY2013Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
2900000 USD
CY2012Q4 us-gaap Finite Lived Noncompete Agreements Gross
FiniteLivedNoncompeteAgreementsGross
1339000 USD
CY2013Q4 us-gaap Finite Lived Noncompete Agreements Gross
FiniteLivedNoncompeteAgreementsGross
1132000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
688489000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
542114000 USD
CY2011Q4 us-gaap Goodwill
Goodwill
443402000 USD
CY2012 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
92012000 USD
CY2013 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
144492000 USD
CY2012Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
589000 USD
CY2013Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
642000 USD
CY2013Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
566000 USD
CY2012Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
566000 USD
CY2013 us-gaap Goodwill Other Changes
GoodwillOtherChanges
108000 USD
CY2012 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
10822000 USD
CY2013 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
1991000 USD
CY2012 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-4122000 USD
CY2013Q2 us-gaap Gross Profit
GrossProfit
89448000 USD
CY2012Q2 us-gaap Gross Profit
GrossProfit
75198000 USD
CY2012Q4 us-gaap Gross Profit
GrossProfit
89738000 USD
CY2013Q3 us-gaap Gross Profit
GrossProfit
97540000 USD
CY2012Q3 us-gaap Gross Profit
GrossProfit
84252000 USD
CY2013Q4 us-gaap Gross Profit
GrossProfit
106604000 USD
CY2013Q1 us-gaap Gross Profit
GrossProfit
77589000 USD
CY2012Q1 us-gaap Gross Profit
GrossProfit
78248000 USD
CY2013 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Product Warranties</font></div><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Product warranty liabilities are estimated at the time of shipment and recorded as a component of accrued expenses and other current liabilities in the Company&#8217;s Consolidated Balance Sheets.&#160;&#160;The amount recognized is based on historical claims experience.</font></div></div>
CY2013 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2012 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 USD
CY2011 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
4987000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
138353000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
161175000 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
180761000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56200000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42900000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54500000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
43500000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
33900000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
62600000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4269000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-23000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
7257000 USD
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-7273000 USD
CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1516000 USD
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1759000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
12766000 USD
CY2011 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
10425000 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
5182000 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7484000 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14877000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9405000 USD
CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1072000 USD
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
343000 USD
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4918000 USD
CY2012 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
5782000 USD
CY2011 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
5327000 USD
CY2013 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
16585000 USD
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
763000 shares
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1358000 shares
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
684000 shares
CY2013Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
56990000 USD
CY2012Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
36523000 USD
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
154324000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
241558000 USD
CY2013 us-gaap Interest Expense Debt
InterestExpenseDebt
3717000 USD
CY2011 us-gaap Interest Expense Debt
InterestExpenseDebt
142000 USD
CY2012 us-gaap Interest Expense Debt
InterestExpenseDebt
2432000 USD
CY2011 us-gaap Interest Paid
InterestPaid
100000 USD
CY2013 us-gaap Interest Paid
InterestPaid
3500000 USD
CY2012 us-gaap Interest Paid
InterestPaid
2400000 USD
CY2012Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
93873000 USD
CY2013Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
103234000 USD
CY2013Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
9941000 USD
CY2012Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
8299000 USD
CY2012Q4 us-gaap Inventory Net
InventoryNet
189704000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
218893000 USD
CY2013Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
79863000 USD
CY2012Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
69042000 USD
CY2012Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
18887000 USD
CY2013Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
26810000 USD
CY2013Q4 us-gaap Land
Land
4515000 USD
CY2012Q4 us-gaap Land
Land
4505000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
750562000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
405921000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1533015000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1192846000 USD
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
131514000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
161286000 USD
CY2012Q4 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
127000000 USD
CY2013Q4 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
373000000 USD
CY2013Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
800000000 USD
CY2011Q4 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
670000000 USD
CY2013 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2018-12-31
CY2013 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
Advances under the Credit Facility accrue interest at the Company’s choice of the “Base Rate” or the London Interbank Offered Rate (“LIBOR”) plus applicable margins (based on the Company’s ratio of total funded debt to earnings before interest, taxes, depreciation and amortization, noncontrolling interests and non-cash charges, or “leverage ratio”). The Base Rate is the highest of (i) the Prime Rate; (ii) the Federal Funds rate plus .50% per annum; and (iii) the Adjusted LIBO Rate determined on a daily basis for an Interest Period of one month plus 1.00% per annum, as such capitalized terms are defined in the Credit Facility.
CY2013Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000000 USD
CY2012Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
131194000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
376818000 USD
CY2012Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
626000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
697000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
100000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
200000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
200000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
100000 USD
CY2013Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
131855000 USD
CY2012Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
109041000 USD
CY2012Q4 us-gaap Minority Interest
MinorityInterest
103086000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
116889000 USD
CY2013 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Nature of Business</font></div><div style="line-height:120%;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">HEICO Corporation, through its principal subsidiaries HEICO Aerospace Holdings Corp. (&#8220;HEICO Aerospace&#8221;), HEICO Flight Support Corp. and HEICO Electronic Technologies Corp. (&#8220;HEICO Electronic&#8221;) and their subsidiaries (collectively, the &#8220;Company&#8221;), is principally engaged in the design, manufacture and sale of aerospace, defense and electronic related products and services throughout the United States and internationally.&#160;&#160;The Company&#8217;s customer base is primarily the aviation, defense, space, medical, telecommunications and electronics industries.</font></div></div>
CY2011 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-10669000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
103208000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
78427000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-241308000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-212708000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-103900000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
138585000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
131836000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
125518000 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
85147000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
72820000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
102396000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
19958000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
28947000 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
29791000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
19043000 USD
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
23791000 USD
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
19185000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
23128000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
23700000 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
22165000 USD
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
21528000 USD
CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
22633000 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
183590000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
163294000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
138431000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
41096000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
9581000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
2839000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
6102000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
8152000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
9182000 USD
CY2013Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
5240000 USD
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7900000 USD
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
7600000 USD
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
9800000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
61968000 USD
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
45487000 USD
CY2011 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
0 USD
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
0 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
590000 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
3012000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
3128000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-6457000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3012000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3718000 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6457000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
83976000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
52777000 USD
CY2012 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1113000 USD
CY2011 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
471000 USD
CY2013 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-653000 USD
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
64000 USD
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
888000 USD
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
313000 USD
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
342000 USD
CY2011 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-201000 USD
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
161000 USD
CY2013 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
16610000 USD
CY2012 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
7616000 USD
CY2011 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
7241000 USD
CY2012 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3028000 USD
CY2013 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
570000 USD
CY2011 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4494000 USD
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5689000 USD
CY2013 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
120361000 USD
CY2012 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
9090000 USD
CY2011 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
14893000 USD
CY2013 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
7579000 USD
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
94655000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
197285000 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
222638000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9446000 USD
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15262000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
28672000 USD
CY2013Q4 us-gaap Profit Loss
ProfitLoss
35763000 USD
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18328000 USD
CY2013 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
601000 USD
CY2012 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2011 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6997000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
17022000 USD
CY2011 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
800000 USD
CY2013 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
100000 USD
CY2012 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
1600000 USD
CY2011 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
72000000 USD
CY2012 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
191000000 USD
CY2013 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
372000000 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
214000 USD
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-296000 USD
CY2011 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-256000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
463000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2167000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
833000 USD
CY2013Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3233000 USD
CY2012Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2571000 USD
CY2011Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
2231000 USD
CY2013 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
556000 USD
CY2012 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
18000 USD
CY2012 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1299000 USD
CY2013 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1202000 USD
CY2012 us-gaap Profit Loss
ProfitLoss
106675000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
29046000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
124561000 USD
CY2011 us-gaap Profit Loss
ProfitLoss
95453000 USD
CY2012Q2 us-gaap Profit Loss
ProfitLoss
24224000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
34768000 USD
CY2012Q1 us-gaap Profit Loss
ProfitLoss
24466000 USD
CY2012Q4 us-gaap Profit Loss
ProfitLoss
29313000 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
24984000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
173467000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
201407000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
80518000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
97737000 USD
CY2012Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
12908000 USD
CY2013Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
47939000 USD
CY2012Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
122214000 USD
CY2013Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
157022000 USD
CY2013Q4 us-gaap Redeemable Noncontrolling Interest Equity Common Fair Value
RedeemableNoncontrollingInterestEquityCommonFairValue
48000000 USD
CY2013 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
126000000 USD
CY2011 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
50000000 USD
CY2012 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
100000000 USD
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
25400000 USD
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
32900000 USD
CY2012 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
30400000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
375085000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
349649000 USD
CY2011 us-gaap Sales Revenue Net
SalesRevenueNet
764891000 USD
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
897347000 USD
CY2013 us-gaap Sales Revenue Net
SalesRevenueNet
1008757000 USD
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
267133000 USD
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
287426000 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
216490000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
237708000 USD
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
225969000 USD
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
242409000 USD
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
212655000 USD
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
216314000 USD
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
187591000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P5Y
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
164142000 USD
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
136010000 USD
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
833000 USD
CY2012 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
3948000 USD
CY2011 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2647000 USD
CY2013 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
5117000 USD
CY2013Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
2501813 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
2656000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2083000 shares
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2822000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1840000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2389000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1532000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
15.43
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
7008000 USD
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
48952000 USD
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
8033000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
2004000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
4000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
23000 shares
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
739000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
549000 shares
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
323000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
76891000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3142000 shares
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4175000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2893000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2899000 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
14.50
CY2010Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.74
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
21.48
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
16.90
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.78
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.68
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.22
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
3.96
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
35.74
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
24.97
CY2011 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
25.80
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
49482000 USD
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y4M24D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M19D
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
317000 shares
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
616673000 USD
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2017000 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
306000 shares
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2167000 USD
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
463000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
606346000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
723235000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
719759000 USD
CY2013 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
All applicable share and per share information has been adjusted retrospectively to give effect to the 5-for-4 stock splits.
CY2012Q4 us-gaap Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
67166000 USD
CY2013Q4 us-gaap Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
59218000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2527000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1072000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1834000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
240000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
967000 USD
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
52000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
570000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
700000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
300000 USD
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
400000 USD
CY2011 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
100000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
108000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
299000 USD
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
58000 USD
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1281000 USD
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
595000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
84000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1700000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
800000 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Use of Estimates and Assumptions</font></div><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.&#160;&#160;Actual results could differ from those estimates.</font></div></div>
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66408000 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66624000 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66982000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65050000 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66298000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65861000 shares
CY2013Q4 hei Accrued Additional Purchase Consideration From Prior Acquisition
AccruedAdditionalPurchaseConsiderationFromPriorAcquisition
9142000 USD
CY2012Q4 hei Accrued Additional Purchase Consideration From Prior Acquisition
AccruedAdditionalPurchaseConsiderationFromPriorAcquisition
2917000 USD
CY2013Q4 hei Accrued Customer Rebates And Credits
AccruedCustomerRebatesAndCredits
14787000 USD
CY2012Q4 hei Accrued Customer Rebates And Credits
AccruedCustomerRebatesAndCredits
10833000 USD
CY2012 hei Accrued Customer Rebates And Credits Expense
AccruedCustomerRebatesAndCreditsExpense
2800000 USD
CY2013 hei Accrued Customer Rebates And Credits Expense
AccruedCustomerRebatesAndCreditsExpense
8300000 USD
CY2011 hei Accrued Customer Rebates And Credits Expense
AccruedCustomerRebatesAndCreditsExpense
8700000 USD
CY2013Q4 hei Acquisition Rate That Makes Shareholder Rights Agreement Exercisable Or Transferable
AcquisitionRateThatMakesShareholderRightsAgreementExercisableOrTransferable
0.15
CY2012 hei Amortization Expense On Capitalized Tooling
AmortizationExpenseOnCapitalizedTooling
2100000 USD
CY2013 hei Amortization Expense On Capitalized Tooling
AmortizationExpenseOnCapitalizedTooling
2200000 USD
CY2011 hei Amortization Expense On Capitalized Tooling
AmortizationExpenseOnCapitalizedTooling
2100000 USD
CY2013Q4 hei Billings To Date
BillingsToDate
955000 USD
CY2012Q4 hei Billings To Date
BillingsToDate
397000 USD
CY2013Q4 hei Billings To Date On Uncompleted Percentage Of Completion Contracts
BillingsToDateOnUncompletedPercentageOfCompletionContracts
40676000 USD
CY2012Q4 hei Billings To Date On Uncompleted Percentage Of Completion Contracts
BillingsToDateOnUncompletedPercentageOfCompletionContracts
7426000 USD
CY2013Q4 hei Common Stock Class A
CommonStockClassA
396000 USD
CY2012Q4 hei Common Stock Class A
CommonStockClassA
315000 USD
CY2012 hei Common Stock Issued Repurchased And Retired Related To Stock Option Exercises
CommonStockIssuedRepurchasedAndRetiredRelatedToStockOptionExercises
307000 USD
CY2011 hei Common Stock Issued Repurchased And Retired Related To Stock Option Exercises
CommonStockIssuedRepurchasedAndRetiredRelatedToStockOptionExercises
14298000 USD
CY2013 hei Common Stock Issued Repurchased And Retired Related To Stock Option Exercises
CommonStockIssuedRepurchasedAndRetiredRelatedToStockOptionExercises
2364000 USD
CY2013Q4 hei Costs Incurred On Uncompleted Percentage Of Completion Contracts
CostsIncurredOnUncompletedPercentageOfCompletionContracts
22548000 USD
CY2012Q4 hei Costs Incurred On Uncompleted Percentage Of Completion Contracts
CostsIncurredOnUncompletedPercentageOfCompletionContracts
6673000 USD
CY2012Q4 hei Costsand Estimated Earnings On Uncompleted Contracts Net
CostsandEstimatedEarningsOnUncompletedContractsNet
5482000 USD
CY2013Q4 hei Costsand Estimated Earnings On Uncompleted Contracts Net
CostsandEstimatedEarningsOnUncompletedContractsNet
7263000 USD
CY2013Q4 hei Deferred Compensation Obligation
DeferredCompensationObligation
1138000 USD
CY2012Q4 hei Deferred Compensation Obligation
DeferredCompensationObligation
823000 USD
CY2013Q4 hei Deferred Tax Asset Other
DeferredTaxAssetOther
400000 USD
CY2012Q4 hei Deferred Tax Asset Other
DeferredTaxAssetOther
1000000 USD
CY2013Q4 hei Defined Contribution Plan Vesting Of Employee Contribution And Cash Dividends Range
DefinedContributionPlanVestingOfEmployeeContributionAndCashDividendsRange
1
CY2011 hei Depreciation And Amortization Expense On Property Plant And Equipment Excluding Tooling
DepreciationAndAmortizationExpenseOnPropertyPlantAndEquipmentExcludingTooling
8600000 USD
CY2012 hei Depreciation And Amortization Expense On Property Plant And Equipment Excluding Tooling
DepreciationAndAmortizationExpenseOnPropertyPlantAndEquipmentExcludingTooling
11600000 USD
CY2013 hei Depreciation And Amortization Expense On Property Plant And Equipment Excluding Tooling
DepreciationAndAmortizationExpenseOnPropertyPlantAndEquipmentExcludingTooling
13400000 USD
CY2013Q3 hei Earnings Per Share Impact From Research And Development Credits Net Of Expenses
EarningsPerShareImpactFromResearchAndDevelopmentCreditsNetOfExpenses
0.01
CY2012Q3 hei Earnings Per Share Impact From Research And Development Credits Net Of Expenses
EarningsPerShareImpactFromResearchAndDevelopmentCreditsNetOfExpenses
0.01
CY2013Q1 hei Earnings Per Share Impact From Research And Development Credits Net Of Expenses
EarningsPerShareImpactFromResearchAndDevelopmentCreditsNetOfExpenses
0.01
CY2012Q4 hei Estimated Earnings On Uncompleted Percentage Of Completion Contracts
EstimatedEarningsOnUncompletedPercentageOfCompletionContracts
6235000 USD
CY2013Q4 hei Estimated Earnings On Uncompleted Percentage Of Completion Contracts
EstimatedEarningsOnUncompletedPercentageOfCompletionContracts
25391000 USD
CY2013Q4 hei Fair Value Of Stock Options Vested
FairValueOfStockOptionsVested
4500000 USD
CY2011Q4 hei Fair Value Of Stock Options Vested
FairValueOfStockOptionsVested
2100000 USD
CY2012Q4 hei Fair Value Of Stock Options Vested
FairValueOfStockOptionsVested
3600000 USD
CY2013Q4 hei Finite Lived And Indefinite Livedi Ntangible Assets Excluding Goodwill
FiniteLivedAndIndefiniteLivediNtangibleAssetsExcludingGoodwill
294126000 USD
CY2012Q4 hei Finite Lived And Indefinite Livedi Ntangible Assets Excluding Goodwill
FiniteLivedAndIndefiniteLivediNtangibleAssetsExcludingGoodwill
187182000 USD
CY2012Q4 hei Finite Lived Intellectual Property Gross
FiniteLivedIntellectualPropertyGross
43093000 USD
CY2013Q4 hei Finite Lived Intellectual Property Gross
FiniteLivedIntellectualPropertyGross
75095000 USD
CY2013 hei Income Tax Benefit Related To Stock Options
IncomeTaxBenefitRelatedToStockOptions
2000000 USD
CY2012 hei Income Tax Benefit Related To Stock Options
IncomeTaxBenefitRelatedToStockOptions
1500000 USD
CY2011 hei Income Tax Benefit Related To Stock Options
IncomeTaxBenefitRelatedToStockOptions
1000000 USD
CY2013Q1 hei Net Income Impact From Research And Development Credits Net Of Expenses
NetIncomeImpactFromResearchAndDevelopmentCreditsNetOfExpenses
1000000 USD
CY2012Q3 hei Net Income Impact From Research And Development Credits Net Of Expenses
NetIncomeImpactFromResearchAndDevelopmentCreditsNetOfExpenses
900000 USD
CY2013Q3 hei Net Income Impact From Research And Development Credits Net Of Expenses
NetIncomeImpactFromResearchAndDevelopmentCreditsNetOfExpenses
800000 USD
CY2013 hei Net Income Loss Adjusted For Redeemable Noncontrolling Interest Excess Fair Value
NetIncomeLossAdjustedForRedeemableNoncontrollingInterestExcessFairValue
102396000 USD
CY2012 hei Net Income Loss Adjusted For Redeemable Noncontrolling Interest Excess Fair Value
NetIncomeLossAdjustedForRedeemableNoncontrollingInterestExcessFairValue
85160000 USD
CY2011 hei Net Income Loss Adjusted For Redeemable Noncontrolling Interest Excess Fair Value
NetIncomeLossAdjustedForRedeemableNoncontrollingInterestExcessFairValue
72839000 USD
CY2011 hei Net Sales Recognized Percentage Of Completion Method
NetSalesRecognizedPercentageOfCompletionMethod
0.01
CY2013 hei Net Sales Recognized Percentage Of Completion Method
NetSalesRecognizedPercentageOfCompletionMethod
0.01
CY2012 hei Net Sales Recognized Percentage Of Completion Method
NetSalesRecognizedPercentageOfCompletionMethod
0.01
CY2012Q4 hei Notes Payable And Capital Leases Current And Noncurrent
NotesPayableAndCapitalLeasesCurrentAndNoncurrent
4820000 USD
CY2013Q4 hei Notes Payable And Capital Leases Current And Noncurrent
NotesPayableAndCapitalLeasesCurrentAndNoncurrent
4515000 USD
CY2011 hei Number Of Shares Granted
NumberOfSharesGranted
739000 shares
CY2012 hei Number Of Shares Granted
NumberOfSharesGranted
323000 shares
CY2013 hei Number Of Shares Granted
NumberOfSharesGranted
549000 shares
CY2012Q4 hei Other Accrued Expenses And Other Current Liabilities
OtherAccruedExpensesAndOtherCurrentLiabilities
14742000 USD
CY2013Q4 hei Other Accrued Expenses And Other Current Liabilities
OtherAccruedExpensesAndOtherCurrentLiabilities
17841000 USD
CY2012 hei Product Warranty Accrual Increase Decrease
ProductWarrantyAccrualIncreaseDecrease
1621000 USD
CY2013 hei Product Warranty Accrual Increase Decrease
ProductWarrantyAccrualIncreaseDecrease
1308000 USD
CY2013Q4 hei Redeemable Noncontrolling Interest Based On Multiple Of Earnings
RedeemableNoncontrollingInterestBasedOnMultipleOfEarnings
11000000 USD
CY2013 hei Revenue From Services
RevenueFromServices
0.1
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-10-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0000046619
CY2013 hei Standby Letter Of Credit
StandbyLetterOfCredit
1500000 USD
CY2013Q4 hei Stock Dividend Percentage Rate
StockDividendPercentageRate
0.25
CY2011Q2 hei Stock Dividend Percentage Rate
StockDividendPercentageRate
0.25
CY2012Q2 hei Stock Dividend Percentage Rate
StockDividendPercentageRate
0.25
CY2013 hei Stock Split Policies
StockSplitPolicies
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Stock Splits</font></div><div style="line-height:120%;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">In September 2013, March 2012 and March 2011, the Company&#8217;s Board of Directors declared a 5-for-4 stock split on both classes of the Company&#8217;s common stock.&#160;&#160;The stock splits were effected as of October 23, 2013, April 25, 2012 and April 26, 2011, respectively, in the form of a </font><font style="font-family:inherit;font-size:12pt;color:#000000;text-decoration:none;">25%</font><font style="font-family:inherit;font-size:12pt;"> stock dividend distributed to shareholders of record as of October 11, 2013, April 13, 2012 and April 15, 2011, respectively.&#160;&#160;</font></div></div>
CY2013Q4 hei Tooling Costs
ToolingCosts
5700000 USD
CY2012Q4 hei Tooling Costs
ToolingCosts
6000000 USD
CY2013Q4 hei Unrecognized Tax Benefits Net
UnrecognizedTaxBenefitsNet
1000000 USD
CY2012Q4 hei Unrecognized Tax Benefits Net
UnrecognizedTaxBenefitsNet
2300000 USD
CY2013 hei Unrecognized Tax Benefits Net Penaltiesand Interest Income
UnrecognizedTaxBenefitsNetPenaltiesandInterestIncome
200000 USD
CY2011 hei Value Of Redemption Of Redeemable Noncontrolling Interests In Excess Of Fair Value
ValueOfRedemptionOfRedeemableNoncontrollingInterestsInExcessOfFairValue
19000 USD
CY2013 hei Value Of Redemption Of Redeemable Noncontrolling Interests In Excess Of Fair Value
ValueOfRedemptionOfRedeemableNoncontrollingInterestsInExcessOfFairValue
0 USD
CY2012 hei Value Of Redemption Of Redeemable Noncontrolling Interests In Excess Of Fair Value
ValueOfRedemptionOfRedeemableNoncontrollingInterestsInExcessOfFairValue
13000 USD
CY2011 hei Value Of Shares Issuedto Defined Contribution Plan
ValueOfSharesIssuedtoDefinedContributionPlan
0 USD
CY2012 hei Value Of Shares Issuedto Defined Contribution Plan
ValueOfSharesIssuedtoDefinedContributionPlan
982000 USD
CY2013 hei Value Of Shares Issuedto Defined Contribution Plan
ValueOfSharesIssuedtoDefinedContributionPlan
2985000 USD
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
1841542000 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
HEICO CORP
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Trading Symbol
TradingSymbol
hei

Files In Submission

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0000046619-13-000017-index-headers.html Edgar Link pending
0000046619-13-000017-index.html Edgar Link pending
0000046619-13-000017.txt Edgar Link pending
0000046619-13-000017-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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fy201310kexhibit21.htm Edgar Link pending
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