$IOSP
INNOSPEC INC.

2017 Q2 Form 10-Q Financial Statement

#000119312517252394 Filed on August 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $326.3M $228.0M
YoY Change 43.11% -6.13%
Cost Of Revenue $221.2M $142.5M
YoY Change 55.23% -8.3%
Gross Profit $105.1M $85.50M
YoY Change 22.92% -2.29%
Gross Profit Margin 32.21% 37.5%
Selling, General & Admin $62.10M $53.10M
YoY Change 16.95% 5.78%
% of Gross Profit 59.09% 62.11%
Research & Development $8.500M $6.200M
YoY Change 37.1% -4.62%
% of Gross Profit 8.09% 7.25%
Depreciation & Amortization $5.300M $3.500M
YoY Change 51.43% 6.06%
% of Gross Profit 5.04% 4.09%
Operating Expenses $71.60M $56.90M
YoY Change 25.83% 89.04%
Operating Profit $33.50M $28.60M
YoY Change 17.13% -50.17%
Interest Expense -$2.000M -$700.0K
YoY Change 185.71% -22.22%
% of Operating Profit -5.97% -2.45%
Other Income/Expense, Net $3.300M $8.500M
YoY Change -61.18% -280.85%
Pretax Income $34.80M $36.40M
YoY Change -4.4% -29.73%
Income Tax $8.700M $7.500M
% Of Pretax Income 25.0% 20.6%
Net Earnings $26.10M $28.90M
YoY Change -9.69% -16.23%
Net Earnings / Revenue 8.0% 12.68%
Basic Earnings Per Share $1.08 $1.21
Diluted Earnings Per Share $1.06 $1.18
COMMON SHARES
Basic Shares Outstanding 24.13M shares 23.97M shares
Diluted Shares Outstanding 24.56M shares 24.44M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.80M $153.2M
YoY Change -68.15% 119.48%
Cash & Equivalents $48.80M $153.2M
Short-Term Investments $0.00
Other Short-Term Assets $11.90M $0.00
YoY Change -100.0%
Inventory $217.6M $155.1M
Prepaid Expenses
Receivables $241.6M $136.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $519.9M $463.8M
YoY Change 12.1% 8.77%
LONG-TERM ASSETS
Property, Plant & Equipment $186.9M $78.00M
YoY Change 139.62% 7.59%
Goodwill $335.5M $267.4M
YoY Change 25.47% -0.37%
Intangibles $164.1M $156.6M
YoY Change 4.79% -10.97%
Long-Term Investments
YoY Change
Other Assets $2.400M $2.300M
YoY Change 4.35% 76.92%
Total Long-Term Assets $757.0M $567.3M
YoY Change 33.44% -0.82%
TOTAL ASSETS
Total Short-Term Assets $519.9M $463.8M
Total Long-Term Assets $757.0M $567.3M
Total Assets $1.277B $1.031B
YoY Change 23.84% 3.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $108.0M $50.70M
YoY Change 113.02% -24.78%
Accrued Expenses $91.40M $72.70M
YoY Change 25.72% 4.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $10.30M $1.100M
YoY Change 836.36%
Total Short-Term Liabilities $228.4M $149.2M
YoY Change 53.08% -22.93%
LONG-TERM LIABILITIES
Long-Term Debt $238.8M $154.0M
YoY Change 55.06% 10.79%
Other Long-Term Liabilities $500.0K $300.0K
YoY Change 66.67% -57.14%
Total Long-Term Liabilities $239.3M $154.3M
YoY Change 55.09% 10.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $228.4M $149.2M
Total Long-Term Liabilities $239.3M $154.3M
Total Liabilities $572.5M $391.6M
YoY Change 46.2% -12.73%
SHAREHOLDERS EQUITY
Retained Earnings $595.9M $536.1M
YoY Change 11.15% 22.71%
Common Stock $317.2M $312.7M
YoY Change 1.44% 0.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $97.10M $99.10M
YoY Change -2.02% 12.23%
Treasury Stock Shares 5.418M shares 5.580M shares
Shareholders Equity $704.0M $639.2M
YoY Change
Total Liabilities & Shareholders Equity $1.277B $1.031B
YoY Change 23.84% 3.28%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $26.10M $28.90M
YoY Change -9.69% -16.23%
Depreciation, Depletion And Amortization $5.300M $3.500M
YoY Change 51.43% 6.06%
Cash From Operating Activities $9.000M $50.40M
YoY Change -82.14% 36.59%
INVESTING ACTIVITIES
Capital Expenditures -$6.400M -$4.400M
YoY Change 45.45% -30.16%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.600M
YoY Change -100.0%
Cash From Investing Activities -$6.400M -$2.800M
YoY Change 128.57% -55.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 200.0K -7.000M
YoY Change -102.86% -42.62%
NET CHANGE
Cash From Operating Activities 9.000M 50.40M
Cash From Investing Activities -6.400M -2.800M
Cash From Financing Activities 200.0K -7.000M
Net Change In Cash 2.800M 40.60M
YoY Change -93.1% 120.65%
FREE CASH FLOW
Cash From Operating Activities $9.000M $50.40M
Capital Expenditures -$6.400M -$4.400M
Free Cash Flow $15.40M $54.80M
YoY Change -71.9% 26.85%

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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>NOTE 15 &#x2013; RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> In March 2017, the FASB issued ASU <font style="WHITE-SPACE: nowrap">2017-07,</font> Compensation&#x2014;Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. ASU <font style="WHITE-SPACE: nowrap">2017-07</font> requires companies to present the service cost component of net benefit cost in the same line items in which they report compensation cost. Companies will present all other components of net benefit cost outside operating income, if this subtotal is presented. The new standard is effective for annual periods beginning after December&#xA0;15, 2017, including interim periods within those fiscal years. The Company has not yet determined the effect of the standard on its ongoing financial reporting.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In February 2016, the FASB issued Accounting Standards Update (ASU) <font style="WHITE-SPACE: nowrap">2016-02,</font> Revision to Lease Accounting, which amends ASC Topic 842, Leases. The ASU requires lessees to recognize a <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">right-of-use</font></font> asset and a lease liability for virtually all of their leases (other than leases that meet the definition of a short-term lease). The new standard is effective for fiscal years beginning after December&#xA0;15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The new standard must be adopted using a modified retrospective transition, and provides for certain practical expedients. Transition will require application of the new guidance at the beginning of the earliest comparative period presented. The Company has not yet determined the effect of the standard on its ongoing financial reporting.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In May 2014, the FASB issued Accounting Standards Update (ASU) <font style="WHITE-SPACE: nowrap">2014-09,</font> Revenue from Contracts with Customers ASC Topic 606, which amends the existing accounting standards for revenue recognition. ASU <font style="WHITE-SPACE: nowrap">2014-09</font> is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers. The original effective date for ASU <font style="WHITE-SPACE: nowrap">2014-09</font> was for annual and interim periods within those years beginning after December&#xA0;15, 2016. In August 2015, the FASB issued ASU <font style="WHITE-SPACE: nowrap">No.&#xA0;2015-14,</font> Revenue from Contracts with Customers &#x2013; Deferral of the Effective Date, which defers the effective date of ASU <font style="WHITE-SPACE: nowrap">2014-09</font> for one year and permits early adoption as early as the original effective date of ASU <font style="WHITE-SPACE: nowrap">2014-09.</font> The new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption. We expect to adopt the new revenue standard on January&#xA0;1, 2018 and continue to evaluate whether we will adopt the standard retrospectively or as a cumulative effect adjustment. We expect to continue the evaluation, analysis and documentation of ASU <font style="WHITE-SPACE: nowrap">2014-09</font> (including those subsequently issued updates that clarify its positions) throughout most of this year as we work towards the implementation and finalize the impact the adoption will have on our consolidated financial statements.</p> </div>
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
58000000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
39800000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-4300000
us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Company and its U.S. subsidiaries remain open to examination by the IRS for years 2013 onwards. The Company's subsidiaries in foreign tax jurisdictions are open to examination including France (2013 onwards), Germany (2015 onwards), Switzerland (2015 onwards) and the United Kingdom (2015 onwards).
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
39300000
us-gaap Increase Decrease In Prepaid Expense
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14700000
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2200000
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NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-10900000
us-gaap Number Of Reportable Segments
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134900000
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NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Other Comprehensive Income Loss Net Of Tax
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OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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OtherNonoperatingIncomeExpense
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PaymentsOfMergerRelatedCostsFinancingActivities
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500000
us-gaap Profit Loss
ProfitLoss
43300000
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ProceedsFromSaleOfShortTermInvestments
0
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ProceedsFromSaleOfTreasuryStock
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ProceedsFromLinesOfCredit
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RepaymentsOfLinesOfCredit
30000000
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ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1600000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
1100000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15900000
us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
300000
us-gaap Sales Revenue Net
SalesRevenueNet
620600000
us-gaap Share Based Compensation
ShareBasedCompensation
2200000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
116200000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1000000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1000000
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0
dei Trading Symbol
TradingSymbol
IOSP
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfSharesOutstandingBasic
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iosp Noncash Movements On Defined Benefit Pension Plans
NoncashMovementsOnDefinedBenefitPensionPlans
-1800000
iosp Restructuring Charges Including Asset Retirement Obligations
RestructuringChargesIncludingAssetRetirementObligations
2900000
iosp Increase Decrease In Unrecognized Tax Benefits
IncreaseDecreaseInUnrecognizedTaxBenefits
0
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AmortizationOfFiniteLivedIntangibleAssetsTranslationAdjustments
0
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0
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GainOrLossOnSaleOfStockInSubsidiary
-1400000
us-gaap Gross Profit
GrossProfit
161700000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
471 shares
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AmortizationOfFinancingCosts
200000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12100000
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BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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48200000
us-gaap Cost Of Goods Sold
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
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us-gaap Depreciation
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18900000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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EffectOfExchangeRateOnCashAndCashEquivalents
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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0
us-gaap Finitelived Intangible Assets Acquired1
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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1600000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
900000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
466000 shares
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
1700000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1500000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1000000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
57100000
us-gaap Operating Expenses
OperatingExpenses
107500000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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us-gaap Operating Income Loss
OperatingIncomeLoss
54200000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-500000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
400000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-300000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-200000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1100000
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-800000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
100000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8200000
us-gaap Payments For Restructuring
PaymentsForRestructuring
1500000
us-gaap Payments Of Dividends
PaymentsOfDividends
8100000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
8200000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-1800000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
7500000
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
44000000
us-gaap Pension Contributions
PensionContributions
600000
us-gaap Profit Loss
ProfitLoss
47800000
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
4700000
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
300000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
28000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
7000000
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
400000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13100000
us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
0
us-gaap Sales Revenue Net
SalesRevenueNet
440100000
us-gaap Share Based Compensation
ShareBasedCompensation
1900000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
97000000
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24462000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23996000 shares
iosp Noncash Movements On Defined Benefit Pension Plans
NoncashMovementsOnDefinedBenefitPensionPlans
-3200000
iosp Restructuring Charges Including Asset Retirement Obligations
RestructuringChargesIncludingAssetRetirementObligations
2400000
iosp Increase Decrease In Unrecognized Tax Benefits
IncreaseDecreaseInUnrecognizedTaxBenefits
400000
iosp Amortization Of Finite Lived Intangible Assets Translation Adjustments
AmortizationOfFiniteLivedIntangibleAssetsTranslationAdjustments
0
CY2016 iosp Unremitted Earning Of Foreign Subsidiary
UnremittedEarningOfForeignSubsidiary
788000000
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
471 shares
CY2016Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6100000
CY2016Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-2400000
CY2016Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
27400000
CY2016Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
142500000
CY2016Q2 us-gaap Depreciation
Depreciation
3500000
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.18
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2016Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0
CY2016Q2 us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
0
CY2016Q2 us-gaap Gross Profit
GrossProfit
85500000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
36400000
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
470000 shares
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7500000
CY2016Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-700000
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
56900000
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
28600000
CY2016Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-300000
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1500000
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-100000
CY2016Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1800000
CY2016Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-600000
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-1200000
CY2016Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
0
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8500000
CY2016Q2 us-gaap Profit Loss
ProfitLoss
28900000
CY2016Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6200000
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
228000000
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SellingGeneralAndAdministrativeExpense
53100000
CY2016Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24443000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23973000 shares
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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18843 shares
CY2017Q2 us-gaap Amortization Of Intangible Assets
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6800000
CY2017Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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0
CY2017Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
35800000
CY2017Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
221200000
CY2017Q2 us-gaap Depreciation
Depreciation
5300000
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.06
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
CY2017Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0
CY2017Q2 us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
-1000000
CY2017Q2 us-gaap Gross Profit
GrossProfit
105100000
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
34800000
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
422000 shares
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8700000
CY2017Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-2000000
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
70400000
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2017Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-200000
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9700000
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-300000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
100000
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
9100000
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1000000
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-700000
CY2017Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
0
CY2017Q2 us-gaap Other Nonoperating Income Expense
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2100000
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26100000
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8500000
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SalesRevenueNet
326300000
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60900000
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-200000
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WeightedAverageNumberOfDilutedSharesOutstanding
24555000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24133000 shares

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