2021 Q2 Form 10-K Financial Statement

#000156459021034775 Filed on June 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $557.4M $449.0M $528.0M
YoY Change 24.14% -10.65% 8.6%
Cost Of Revenue $24.08M $28.00M $43.50M
YoY Change -14.02% -13.04% 51.57%
Gross Profit $533.3M $421.0M $484.5M
YoY Change 26.68% -10.48% 5.92%
Gross Profit Margin 95.68% 93.76% 91.77%
Selling, General & Admin $431.3M $343.3M $420.0M
YoY Change 25.63% -13.31% 9.66%
% of Gross Profit 80.87% 81.54% 86.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.74M $14.90M $14.86M
YoY Change 5.67% 24.17% 26.59%
% of Gross Profit 2.95% 3.54% 3.07%
Operating Expenses $447.1M $358.2M $434.8M
YoY Change 24.81% -12.23% 10.13%
Operating Profit $86.25M $22.23M $31.60M
YoY Change 288.05% -64.31% -49.6%
Interest Expense $3.708M -$13.50M -$6.919M
YoY Change -127.47% -619.23% 61.58%
% of Operating Profit 4.3% -60.74% -21.9%
Other Income/Expense, Net -$480.0K -$4.400M $5.055M
YoY Change -89.09% -500.0% 105.24%
Pretax Income $89.48M $4.300M $29.73M
YoY Change 1980.93% -93.48% -51.1%
Income Tax $22.73M $5.000M $8.775M
% Of Pretax Income 25.4% 116.28% 29.51%
Net Earnings $66.19M -$802.0K $19.99M
YoY Change -8353.12% -101.6% -55.54%
Net Earnings / Revenue 11.87% -0.18% 3.79%
Basic Earnings Per Share $1.22 -$0.02 $0.37
Diluted Earnings Per Share $1.21 -$0.02 $0.36
COMMON SHARES
Basic Shares Outstanding 54.00M
Diluted Shares Outstanding 54.26M

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $914.4M $731.2M $604.7M
YoY Change 25.06% 15.22% 21.94%
Cash & Equivalents $850.8M $689.2M $563.7M
Short-Term Investments $63.67M $42.00M $41.00M
Other Short-Term Assets $30.72M $26.90M $35.10M
YoY Change 14.22% -5.61% 24.91%
Inventory
Prepaid Expenses
Receivables $448.7M $397.2M $472.3M
Other Receivables $93.23M $81.80M $85.00M
Total Short-Term Assets $1.487B $1.237B $1.197B
YoY Change 20.21% 8.82% 17.7%
LONG-TERM ASSETS
Property, Plant & Equipment $131.8M $142.7M $352.5M
YoY Change -7.67% 8.53% 170.53%
Goodwill $626.7M $613.9M
YoY Change 2.07% 6.16%
Intangibles $92.95M $111.9M
YoY Change -16.95% 34.94%
Long-Term Investments $207.1M $161.7M $173.5M
YoY Change 28.09% 4.26% 15.82%
Other Assets $234.4M $201.9M $190.2M
YoY Change 16.1% 19.33% 15.2%
Total Long-Term Assets $1.569B $1.507B $1.543B
YoY Change 4.16% 25.77% 28.49%
TOTAL ASSETS
Total Short-Term Assets $1.487B $1.237B $1.197B
Total Long-Term Assets $1.569B $1.507B $1.543B
Total Assets $3.057B $2.744B $2.740B
YoY Change 11.4% 17.52% 23.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $44.99M $45.68M $36.00M
YoY Change -1.51% 16.67% 15.38%
Accrued Expenses $496.4M $423.0M $363.7M
YoY Change 17.36% 11.99% -15.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.010M $1.200M $1.500M
YoY Change -15.83%
Total Short-Term Liabilities $750.1M $624.2M $560.4M
YoY Change 20.16% 13.29% 15.22%
LONG-TERM LIABILITIES
Long-Term Debt $394.8M $394.1M $396.0M
YoY Change 0.16% 76.84% 77.85%
Other Long-Term Liabilities $36.60M $30.83M $504.8M
YoY Change 18.73% -47.65% 752.69%
Total Long-Term Liabilities $431.4M $425.0M $900.8M
YoY Change 1.51% 50.82% 219.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $750.1M $624.2M $560.4M
Total Long-Term Liabilities $431.4M $425.0M $900.8M
Total Liabilities $1.688B $1.520B $1.465B
YoY Change 11.03% 39.27% 44.93%
SHAREHOLDERS EQUITY
Retained Earnings $834.9M $743.0M
YoY Change 12.38% 12.43%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.366B $1.221B $1.275B
YoY Change
Total Liabilities & Shareholders Equity $3.057B $2.744B $2.740B
YoY Change 11.4% 17.52% 23.54%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $66.19M -$802.0K $19.99M
YoY Change -8353.12% -101.6% -55.54%
Depreciation, Depletion And Amortization $15.74M $14.90M $14.86M
YoY Change 5.67% 24.17% 26.59%
Cash From Operating Activities $197.1M $179.2M $161.2M
YoY Change 10.01% 13.56% 21.02%
INVESTING ACTIVITIES
Capital Expenditures -$8.322M -$7.700M -$10.00M
YoY Change 8.08% -21.43% -18.7%
Acquisitions
YoY Change
Other Investing Activities -$22.76M $0.00 -$158.3M
YoY Change -100.0% -2612.7%
Cash From Investing Activities -$31.08M -$7.700M -$168.3M
YoY Change 303.62% -23.0% 2659.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.09M -30.40M 105.5M
YoY Change -63.53% 347.06% -447.04%
NET CHANGE
Cash From Operating Activities 197.1M 179.2M 161.2M
Cash From Investing Activities -31.08M -7.700M -168.3M
Cash From Financing Activities -11.09M -30.40M 105.5M
Net Change In Cash 155.0M 141.1M 98.40M
YoY Change 9.83% 0.07% 1.76%
FREE CASH FLOW
Cash From Operating Activities $197.1M $179.2M $161.2M
Capital Expenditures -$8.322M -$7.700M -$10.00M
Free Cash Flow $205.5M $186.9M $171.2M
YoY Change 9.93% 11.52% 17.66%

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ShareBasedCompensation
23385000
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
106555000
CY2020 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
2654000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
15763000
CY2021 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
13017000
CY2021 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
38529000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-14140000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
689244000
CY2021 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
64005000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
67331000
CY2021 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-5798000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3902000
CY2021 kfy Increase Decrease In Unearned Compensation
IncreaseDecreaseInUnearnedCompensation
32935000
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1824000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
122687000
CY2021 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-10294000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
251433000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31122000
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
103499000
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
69683000
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
108602000
CY2020 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
2280000
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
205000
CY2020 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
346000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-61379000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-198762000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
92446000
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4989000
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8993000
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
5706000
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-19201000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
62884000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
105512000
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
7684000
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1324000
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22498000
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22798000
CY2021 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1115000
CY2020 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2110000
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1045500000
CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
226875000
CY2020 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
876875000
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2181000
CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
455000
CY2019 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
455000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43681000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-64625000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-18384000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
12526000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
14188000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
54914000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
58408000
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
7
CY2021 kfy Number Of Line Of Business
NumberOfLineOfBusiness
4
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:0pt;margin-bottom:6pt;text-indent:0%;;font-weight:bold;font-style:italic;letter-spacing:-0.1pt;font-size:9pt;font-family:Arial;text-transform:none;font-variant: normal;">Use of Estimates and Uncertainties</p> <p style="margin-bottom:6pt;margin-top:0pt;text-indent:0%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates, and changes in estimates are reported in current operations as new information is learned or upon the amounts becoming fixed or determinable. The most significant areas that require management’s judgment are revenue recognition, deferred compensation, annual performance-related bonuses, evaluation of the carrying value of receivables, goodwill and other intangible assets, share-based payments, leases and the recoverability of deferred income taxes.</p>
CY2020Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2019Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2021Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2021 us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
DerivativesMethodsOfAccountingNonhedgingDerivatives
<p style="margin-top:0pt;margin-bottom:6pt;text-indent:0%;;font-weight:bold;font-style:italic;letter-spacing:-0.1pt;font-size:9pt;font-family:Arial;text-transform:none;font-variant: normal;">Foreign Currency Forward Contracts Not Designated as Hedges</p> <p style="margin-bottom:6pt;margin-top:0pt;text-indent:0%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company has established a program that primarily utilizes foreign currency forward contracts to offset the risks associated with the effects of certain foreign currency exposures primarily originating from intercompany balances due to cross border work performed in the ordinary course of business. These foreign currency forward contracts are neither used for trading purposes nor are they designated as hedging instruments pursuant to ASC 815. Accordingly, the fair value of these contracts is recorded as of the end of the reporting period in the accompanying consolidated balance sheets, while the change in fair value is recorded to the accompanying consolidated statements of income. </p>
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-top:0pt;margin-bottom:6pt;text-indent:0%;;font-weight:bold;font-style:italic;letter-spacing:-0.1pt;font-size:9pt;font-family:Arial;text-transform:none;font-variant: normal;">Concentration of Credit Risk</p> <p style="margin-bottom:6pt;margin-top:0pt;text-indent:0%;font-size:9pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash, cash equivalents, investments, foreign currency forward contracts, receivables due from clients and net CSV due from insurance companies, which are discussed above. Cash equivalents include investments in money market securities, commercial papers and corporate notes/bonds while investments include mutual funds, commercial papers, corporate notes/bonds and US Treasury and Agency securities. Investments are diversified throughout many industries and geographic regions. The Company conducts periodic reviews of its customers’ financial condition and customer payment practices to minimize collection risk on accounts receivable. At April 30, 2021 and 2020, the Company had no other significant credit concentrations.</p>
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56096000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
114454000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
104946000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
102651000
CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1140000
CY2019 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1066000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
101585000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
111711000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52928000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54342000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53405000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54767000
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.11
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.91
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.84
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.09
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.90
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.81
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-33666000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-83652000
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
18135000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
23554000
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-19000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
34000
CY2021Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-51820000
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-107172000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
27157000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22818000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23385000
CY2020 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-1800000
CY2021Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1097125000
CY2021Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
182692000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
850778000
CY2021Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
63667000
CY2021Q2 kfy Other Accrued Liabilities Including Foreign Currency Forward Contracts
OtherAccruedLiabilitiesIncludingForeignCurrencyForwardContracts
-12000
CY2020Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
865963000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
689244000
CY2020Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
41951000
CY2020Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
132134000
CY2020Q2 kfy Income Taxes And Other Receivables Include Foreign Currency Forward Contracts
IncomeTaxesAndOtherReceivablesIncludeForeignCurrencyForwardContracts
2634000
CY2021Q2 us-gaap Other Deferred Compensation Arrangements Liability Current And Noncurrent
OtherDeferredCompensationArrangementsLiabilityCurrentAndNoncurrent
157300000
CY2020Q2 us-gaap Other Deferred Compensation Arrangements Liability Current And Noncurrent
OtherDeferredCompensationArrangementsLiabilityCurrentAndNoncurrent
124600000
CY2021Q2 kfy Deferred Compensation Plans Unvested Obligations
DeferredCompensationPlansUnvestedObligations
26500000
CY2020Q2 kfy Deferred Compensation Plans Unvested Obligations
DeferredCompensationPlansUnvestedObligations
21700000
CY2021 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
38500000
CY2019 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
8100000
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
60600000
CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
4800000
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
32700000
CY2020 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
8200000
CY2019 us-gaap Equity Securities Fv Ni Unrealized Loss
EquitySecuritiesFvNiUnrealizedLoss
4700000
CY2021Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesCurrentAndNoncurrent
364793000
CY2021Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
18338000
CY2021Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
346455000
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
92400000
CY2019 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
8100000
CY2020 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-1800000
CY2021 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
38500000
CY2021Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
82842000
CY2020Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
65370000
CY2021Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
184610000
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
133128000
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
92400000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
94100000
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
97000000.0
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
739500000
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
415800000
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
197300000
CY2021Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
34000000.0
CY2021 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Explanation
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionExplanation
2025 and thereafter
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-22039000
CY2018Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
17845000
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
14260000
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
10608000
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
911000
CY2019 kfy Allowance For Doubtful Accounts Foreign Currency Translation
AllowanceForDoubtfulAccountsForeignCurrencyTranslation
-826000
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
21582000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
14644000
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
12518000
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
398000
CY2020 kfy Allowance For Doubtful Accounts Foreign Currency Translation
AllowanceForDoubtfulAccountsForeignCurrencyTranslation
-311000
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
23795000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
15763000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
12073000
CY2021 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
311000
CY2021 kfy Allowance For Doubtful Accounts Foreign Currency Translation
AllowanceForDoubtfulAccountsForeignCurrencyTranslation
1528000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
29324000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
34661000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
40736000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
129039000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
110226000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
156379000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
163700000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
150962000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
134340000
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
16913000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
14336000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6152000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4719000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
4974000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9097000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
40646000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
33965000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
42091000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
62278000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
53275000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
57340000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5809000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-6862000
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-16211000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-5025000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-784000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-7682000
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3306000
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1684000
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3903000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-14140000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9330000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-27796000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48138000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43945000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29544000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.010
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.022
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.011
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.045
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.045
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.050
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2437000
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
26697000
CY2021Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
126000
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
203984000
CY2021Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2311000
CY2021 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
2600000
CY2021 kfy Employment Agreement Contracts Description
EmploymentAgreementContractsDescription
The Company has a policy of entering into offer letters of employment or letters of promotion with vice presidents, which provide for an annual base salary and discretionary and incentive bonus payments. Certain key vice presidents who typically have been employed by the Company for several years may also have a standard form employment agreement. Upon termination without cause, the Company is required to pay the amount of severance due under the employment agreement, if any. The Company also requires its vice presidents to agree in their employment letters and their employment agreement, if applicable, not to compete with the Company during the term of their employment and for a certain period after their employment ends.
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
86252000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
65155000
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
48172000
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-43795000
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
22227000
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
31595000
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
61869000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
60334000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
66751000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
51588000
CY2020Q4 us-gaap Profit Loss
ProfitLoss
28078000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
42951000
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.22
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.95
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.58
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.78
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.77
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-30855000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-621000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
20956000
CY2019Q4 us-gaap Profit Loss
ProfitLoss
43032000
CY2019Q3 us-gaap Profit Loss
ProfitLoss
43650000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
66190000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
51319000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
27778000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
-30833000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-802000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
19993000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
42804000
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.94
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.58
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.77
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.76

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