2016 Q1 Form 10-Q Financial Statement
#000156459016018320 Filed on May 06, 2016
Income Statement
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| Revenue | $318.4M | $365.1M |
| YoY Change | -12.79% | -13.09% |
| Cost Of Revenue | $278.0M | $287.7M |
| YoY Change | -3.37% | -15.28% |
| Gross Profit | $40.40M | $77.40M |
| YoY Change | -47.8% | -3.85% |
| Gross Profit Margin | 12.69% | 21.2% |
| Selling, General & Admin | $41.10M | $43.40M |
| YoY Change | -5.3% | -11.61% |
| % of Gross Profit | 101.73% | 56.07% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $10.20M | $11.00M |
| YoY Change | -7.27% | -12.7% |
| % of Gross Profit | 25.25% | 14.21% |
| Operating Expenses | $41.10M | $43.40M |
| YoY Change | -5.3% | -11.61% |
| Operating Profit | -$300.0K | $32.20M |
| YoY Change | -100.93% | 23.85% |
| Interest Expense | $5.100M | $4.600M |
| YoY Change | 10.87% | 15.0% |
| % of Operating Profit | 14.29% | |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$5.200M | $27.80M |
| YoY Change | -118.71% | 25.23% |
| Income Tax | -$1.400M | $9.400M |
| % Of Pretax Income | 33.81% | |
| Net Earnings | -$3.800M | $18.40M |
| YoY Change | -120.65% | 28.67% |
| Net Earnings / Revenue | -1.19% | 5.04% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | -$32.79K | $158.8K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 115.9M | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $55.50M | $121.4M |
| YoY Change | -54.28% | -32.18% |
| Cash & Equivalents | $55.50M | $121.4M |
| Short-Term Investments | ||
| Other Short-Term Assets | $9.300M | $15.40M |
| YoY Change | -39.61% | -31.25% |
| Inventory | $377.5M | $394.0M |
| Prepaid Expenses | ||
| Receivables | $212.6M | $255.6M |
| Other Receivables | $40.30M | $30.70M |
| Total Short-Term Assets | $695.2M | $817.1M |
| YoY Change | -14.92% | -12.88% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $441.3M | $430.1M |
| YoY Change | 2.6% | -19.52% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $85.80M | $88.60M |
| YoY Change | -3.16% | -21.66% |
| Other Assets | $18.90M | $168.7M |
| YoY Change | -88.8% | -1.11% |
| Total Long-Term Assets | $546.0M | $257.3M |
| YoY Change | 112.2% | -68.55% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $695.2M | $817.1M |
| Total Long-Term Assets | $546.0M | $257.3M |
| Total Assets | $1.241B | $1.505B |
| YoY Change | -17.5% | -14.32% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $93.40M | $97.20M |
| YoY Change | -3.91% | -35.2% |
| Accrued Expenses | $34.10M | $30.90M |
| YoY Change | 10.36% | -44.72% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $3.700M | $3.900M |
| YoY Change | -5.13% | 0.0% |
| Total Short-Term Liabilities | $188.9M | $193.8M |
| YoY Change | -2.53% | -29.5% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $346.1M | $344.7M |
| YoY Change | 0.41% | -0.55% |
| Other Long-Term Liabilities | $243.1M | $241.0M |
| YoY Change | 0.87% | 20.5% |
| Total Long-Term Liabilities | $589.2M | $585.7M |
| YoY Change | 0.6% | 7.15% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $188.9M | $193.8M |
| Total Long-Term Liabilities | $589.2M | $585.7M |
| Total Liabilities | $786.4M | $786.0M |
| YoY Change | 0.05% | -5.91% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $454.8M | $718.5M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.241B | $1.505B |
| YoY Change | -17.5% | -14.32% |
Cashflow Statement
| Concept | 2016 Q1 | 2015 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.800M | $18.40M |
| YoY Change | -120.65% | 28.67% |
| Depreciation, Depletion And Amortization | $10.20M | $11.00M |
| YoY Change | -7.27% | -12.7% |
| Cash From Operating Activities | -$15.30M | -$10.00M |
| YoY Change | 53.0% | 300.0% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $14.30M | $11.70M |
| YoY Change | 22.22% | -28.22% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $600.0K | $700.0K |
| YoY Change | -14.29% | 16.67% |
| Cash From Investing Activities | -$13.70M | -$11.00M |
| YoY Change | 24.55% | -29.94% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | $1.000M | $900.0K |
| YoY Change | 11.11% | -99.66% |
| Cash From Financing Activities | -9.200M | -17.00M |
| YoY Change | -45.88% | -111.85% |
| NET CHANGE | ||
| Cash From Operating Activities | -15.30M | -10.00M |
| Cash From Investing Activities | -13.70M | -11.00M |
| Cash From Financing Activities | -9.200M | -17.00M |
| Net Change In Cash | -38.20M | -38.00M |
| YoY Change | 0.53% | -130.33% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$15.30M | -$10.00M |
| Capital Expenditures | $14.30M | $11.70M |
| Free Cash Flow | -$29.60M | -$21.70M |
| YoY Change | 36.41% | 15.43% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015Q4 | us-gaap |
Assets Current
AssetsCurrent
|
710800000 | |
| CY2015Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
287700000 | |
| CY2016Q1 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
278000000 | |
| CY2015Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
8100000 | |
| CY2016Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
8300000 | |
| CY2015Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
82900000 | |
| CY2016Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.03 | |
| CY2015Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.15 | |
| CY2015Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
115900000 | |
| CY2015Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-500000 | |
| CY2016Q1 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-200000 | |
| CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-63600000 | |
| CY2015Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-45200000 | |
| CY2016Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
17400000 | |
| CY2016Q1 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
206700000 | |
| CY2016Q1 | us-gaap |
Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
7000000 | |
| CY2015Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
11000000 | |
| CY2015Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
2300000 | |
| CY2016Q1 | us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
2000000 | |
| CY2015Q1 | kro |
Equity Method Investment Distributions From Contributions To Net
EquityMethodInvestmentDistributionsFromContributionsToNet
|
11200000 | |
| CY2016Q1 | kro |
Equity Method Investment Distributions From Contributions To Net
EquityMethodInvestmentDistributionsFromContributionsToNet
|
-800000 | |
| CY2015Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-3300000 | |
| CY2015Q1 | us-gaap |
Gross Profit
GrossProfit
|
77400000 | |
| CY2016Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
1600000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
40300000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
16500000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
8300000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-19500000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
300000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-800000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-18600000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-3900000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-2100000 | |
| CY2015Q4 | us-gaap |
Available For Sale Securities Noncurrent
AvailableForSaleSecuritiesNoncurrent
|
2400000 | |
| CY2016Q1 | us-gaap |
Gross Profit
GrossProfit
|
40400000 | |
| CY2016Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1400000 | |
| CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
18400000 | |
| CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3800000 | |
| CY2015Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.16 | |
| CY2016Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.15 | |
| CY2015Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
43400000 | |
| CY2016Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
41100000 | |
| CY2015Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
1600000 | |
| CY2016Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
2300000 | |
| CY2015Q1 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-3400000 | |
| CY2016Q1 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
-1900000 | |
| CY2015Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
32200000 | |
| CY2016Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-300000 | |
| CY2015Q1 | us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
200000 | |
| CY2016Q1 | us-gaap |
Investment Income Interest And Dividend
InvestmentIncomeInterestAndDividend
|
200000 | |
| CY2015Q1 | us-gaap |
Interest Expense
InterestExpense
|
4600000 | |
| CY2016Q1 | us-gaap |
Interest Expense
InterestExpense
|
5100000 | |
| CY2015Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
27800000 | |
| CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-5200000 | |
| CY2015Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9400000 | |
| CY2016Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
115900000 | |
| CY2015Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-65600000 | |
| CY2016Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
14400000 | |
| CY2016Q1 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
|
-2800000 | |
| CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
14100000 | |
| CY2016Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
10300000 | |
| CY2016Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
10200000 | |
| CY2016Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-200000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
|
-700000 | |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-38000000 | |
| CY2016Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-38200000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-3200000 | |
| CY2015Q1 | us-gaap |
Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
|
-13300000 | |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-13700000 | |
| CY2015Q1 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
1300000 | |
| CY2016Q1 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
9200000 | |
| CY2016Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1000000 | |
| CY2016Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
17400000 | |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-9200000 | |
| CY2015Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-8300000 | |
| CY2016Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
1200000 | |
| CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
167700000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Restricted Cash And Investments
IncreaseDecreaseInRestrictedCashAndInvestments
|
-600000 | |
| CY2016Q1 | us-gaap |
Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
|
17900000 | |
| CY2015Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-100000 | |
| CY2016Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-100000 | |
| CY2015Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-10000000 | |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-15300000 | |
| CY2015Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
11700000 | |
| CY2016Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
14300000 | |
| CY2015Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-11000000 | |
| CY2015Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
900000 | |
| CY2015Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
17400000 | |
| CY2015Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-17000000 | |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
121400000 | |
| CY2015Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
4400000 | |
| CY2016Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
4600000 | |
| CY2015Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
6900000 | |
| CY2016Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2700000 | |
| CY2015Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
2000000 | |
| CY2016Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
2600000 | |
| CY2016Q1 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
3300000 | |
| CY2016Q1 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Note 15 - Recent accounting pronouncements not yet adopted: </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, <font style="font-style:italic;">Revenue from Contracts with Customers (Topic 606)</font>.  This standard replaces existing revenue recognition guidance, which in many cases was tailored for specific industries, with a uniform accounting standard applicable to all industries and transactions.  The new standard, as amended, is currently effective for us beginning with the first quarter of 2018.  Entities may elect to adopt ASU No. 2014-09 retrospectively for all periods for all contracts and transactions which occurred during the period (with a few exceptions for practical expediency) or retrospectively with a cumulative effect recognized as of the date of adoption.  ASU No. 2014-09 is a fundamental rewriting of existing GAAP with respect to revenue recognition, and we are still evaluating the effect the Standard will have on our Consolidated Financial Statements.  We currently expect to adopt the standard in the first quarter of 2018. In addition, we have not yet determined the method we will use to adopt the Standard.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In January 2016, the FASB issued ASU 2016-01, <font style="font-style:italic;">Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities</font>, which addresses certain aspects related to the recognition, measurement, presentation and disclosure of financial instruments. The ASU requires equity investments (except for those accounted for under the equity method of accounting or those that result in the consolidation of the investee) to generally be measured at fair value with changes in fair value recognized in net income. The amendment also requires a number of other changes, including among others: simplifying the impairment assessment for equity instruments without readily determinable fair values; eliminating the requirement for public business entities to disclose methods and assumptions used to determine fair value for financial instruments measured at amortized cost; requiring an exit price notion when measuring the fair value of financial instruments for disclosure purposes; and requiring separate presentation of financial assets and liabilities by measurement category and form of asset. The changes indicated above will be effective for us beginning in the first quarter of 2018, with prospective application required, and early adoption is not permitted. The most significant aspect of adopting this ASU will be the requirement to recognize changes in fair value of our available-for-sale marketable equity securities in net income (currently changes in fair value of such securities are recognized in other comprehensive income). </p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In February 2016, the FASB issued ASU 2016-02, <font style="font-style:italic;">Leases (Topic 842)</font>, which is a comprehensive rewriting of the lease accounting guidance which aims to increase comparability and transparency with regard to lease transactions.  The primary change will be the recognition of lease assets for the right-of-use of the underlying asset and lease liabilities for the obligation to make payments by lessees on the balance sheet for leases currently classified as operating leases.  The ASU also requires increased qualitative disclosure about leases in addition to quantitative disclosures currently required.  Companies are required to use a modified retrospective approach to adoption with a practical expedient which will allow companies to continue to account for existing leases under the prior guidance unless a lease is modified, other than the requirement to recognize the right-of-use asset and lease liability for all operating leases. The changes indicated above will be effective for us beginning in the first quarter of 2019, with early adoption permitted.  We have not yet evaluated the effect this ASU will have on our Consolidated Financial Statements, but given the material amount of our future minimum payments under non-cancellable operating leases at March 31, 2016, we expect to recognize a material right-of-use lease asset and lease liability upon adoption of the ASU.</p></div> | |
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Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
1100000 | |
| CY2016Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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1100000 | |
| CY2015Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
75900000 | |
| CY2016Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
76300000 | |
| CY2015Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
21100000 | |
| CY2016Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
22600000 | |
| CY2015Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
232400000 | |
| CY2016Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
219500000 | |
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Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
57800000 | |
| CY2016Q1 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
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59100000 | |
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Available For Sale Securities Amortized Cost
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3300000 | |
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Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
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|
900000 | |
| CY2016Q1 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
1200000 | |
| CY2015Q4 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
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1000000 | |
| CY2016Q1 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
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900000 | |
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Pension Asset Noncurrent
PensionAssetNoncurrent
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400000 | |
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Pension Asset Noncurrent
PensionAssetNoncurrent
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400000 | |
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OtherAssetsMiscellaneousNoncurrent
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1700000 | |
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Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
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1800000 | |
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Accounts Payable Current
AccountsPayableCurrent
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96100000 | |
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Accounts Payable Current
AccountsPayableCurrent
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93400000 | |
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Accrued Marketing Costs Current
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18900000 | |
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Accrued Marketing Costs Current
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13500000 | |
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Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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14200000 | |
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Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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15700000 | |
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Restructuring Reserve Current
RestructuringReserveCurrent
|
5300000 | |
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Restructuring Reserve Current
RestructuringReserveCurrent
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4800000 | |
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Derivative Liabilities Current
DerivativeLiabilitiesCurrent
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3300000 | |
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Derivative Liabilities Current
DerivativeLiabilitiesCurrent
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3400000 | |
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Secured Debt
SecuredDebt
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338000000 | |
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Secured Debt
SecuredDebt
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337500000 | |
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Interest Payable Current
InterestPayableCurrent
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200000 | |
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Interest Payable Current
InterestPayableCurrent
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100000 | |
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Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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34700000 | |
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Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
36700000 | |
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Line Of Credit
LineOfCredit
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9200000 | |
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Other Long Term Debt And Capital Lease Obligations Including Current Maturities
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3000000 | |
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Long Term Debt And Capital Lease Obligations Including Current Maturities
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341000000 | |
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Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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9700000 | |
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Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-1800000 | |
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Income Tax Reconciliation Foreign Income Tax Rate Differential
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-1100000 | |
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Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
200000 | |
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Incremental Tax Expense Benefit On Equity In Earnings
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|
400000 | |
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Incremental Tax Expense Benefit On Equity In Earnings
IncrementalTaxExpenseBenefitOnEquityInEarnings
|
200000 | |
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Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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|
-16300000 | |
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Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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|
-1600000 | |
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Comprehensive Income Loss Tax
ComprehensiveIncomeLossTax
|
-5800000 | |
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Comprehensive Income Loss Tax
ComprehensiveIncomeLossTax
|
-3000000 | |
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Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 | |
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Defined Benefit Plans Estimated Future Employer Contributions In Current Fiscal Year
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16000000 | |
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Liability For Uncertain Tax Positions Noncurrent
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11800000 | |
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Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
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7500000 | |
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Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
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200000 | |
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Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
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4600000 | |
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Accrued Insurance Noncurrent
AccruedInsuranceNoncurrent
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200000 | |
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Other Sundry Liabilities Noncurrent
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4700000 | |
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Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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|
-159800000 | |
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Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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|
-252000000 | |
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Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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|
-2900000 | |
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Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-600000 | |
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Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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|
-500000 | |
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Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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-200000 | |
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Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-3400000 | |
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Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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|
-800000 | |
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-2300000 | |
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|
-3400000 | |
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600000 | |
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Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
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-5100000 | |
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Accumulated Other Comprehensive Income Loss Net Of Tax
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Accumulated Other Comprehensive Income Loss Net Of Tax
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-399400000 | |
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Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
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100000 | |
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Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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-900000 | |
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Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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-4500000 | |
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Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
|
-3500000 | |
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Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
|
8000000 | |
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Cash And Cash Equivalents And Restricted Cash At Carrying Value
CashAndCashEquivalentsAndRestrictedCashAtCarryingValue
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94300000 | |
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Cash And Cash Equivalents And Restricted Cash At Carrying Value
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56800000 | |
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Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
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94300000 | |
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Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
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56800000 | |
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Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
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309500000 | |
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Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
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304800000 | |
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Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
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9200000 | |
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Equity Fair Value Disclosure
EquityFairValueDisclosure
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653600000 | |
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Equity Fair Value Disclosure
EquityFairValueDisclosure
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662800000 | |
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Insurance Settlements Receivable
InsuranceSettlementsReceivable
|
0 |
