2017 Q1 Form 10-Q Financial Statement

#000008136217000009 Filed on May 01, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $194.9M $178.1M
YoY Change 9.45% -1.79%
Cost Of Revenue $124.0M $110.1M
YoY Change 12.65% -4.27%
Gross Profit $70.89M $67.98M
YoY Change 4.27% 2.49%
Gross Profit Margin 36.37% 38.18%
Selling, General & Admin $48.05M $48.14M
YoY Change -0.18% -0.66%
% of Gross Profit 67.79% 70.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.157M $3.157M
YoY Change 0.0% 2.8%
% of Gross Profit 4.45% 4.64%
Operating Expenses $48.05M $48.14M
YoY Change -0.18% -0.66%
Operating Profit $13.76M $19.84M
YoY Change -30.65% 11.05%
Interest Expense $656.0K $741.0K
YoY Change -11.47% 26.24%
% of Operating Profit 4.77% 3.74%
Other Income/Expense, Net -$105.0K $102.0K
YoY Change -202.94% -152.58%
Pretax Income $13.52M $19.55M
YoY Change -30.83% 12.32%
Income Tax $6.865M $6.305M
% Of Pretax Income 50.78% 32.26%
Net Earnings $6.992M $12.95M
YoY Change -45.99% 24.74%
Net Earnings / Revenue 3.59% 7.27%
Basic Earnings Per Share $0.53 $0.98
Diluted Earnings Per Share $0.52 $0.98
COMMON SHARES
Basic Shares Outstanding 13.18M shares 13.12M shares
Diluted Shares Outstanding 13.22M shares 13.13M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $90.60M $94.40M
YoY Change -4.03% 46.81%
Cash & Equivalents $90.59M $94.37M
Short-Term Investments
Other Short-Term Assets $15.20M $20.50M
YoY Change -25.85% 12.02%
Inventory $87.10M $78.20M
Prepaid Expenses
Receivables $201.9M $188.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $394.9M $381.3M
YoY Change 3.55% 12.1%
LONG-TERM ASSETS
Property, Plant & Equipment $85.23M $87.24M
YoY Change -2.29% 6.56%
Goodwill $81.68M $80.00M
YoY Change 2.1% 6.43%
Intangibles $72.95M $73.56M
YoY Change -0.83% 7.78%
Long-Term Investments $24.06M $21.19M
YoY Change 13.54% 3.39%
Other Assets $28.84M $32.41M
YoY Change -11.0% -3.52%
Total Long-Term Assets $314.1M $313.2M
YoY Change 0.29% 4.38%
TOTAL ASSETS
Total Short-Term Assets $394.9M $381.3M
Total Long-Term Assets $314.1M $313.2M
Total Assets $709.0M $694.6M
YoY Change 2.08% 8.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $90.22M $69.75M
YoY Change 29.34% -2.75%
Accrued Expenses $14.30M $19.60M
YoY Change -27.04% 63.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $700.0K $600.0K
YoY Change 16.67% 50.0%
Total Short-Term Liabilities $139.2M $115.4M
YoY Change 20.63% 6.07%
LONG-TERM LIABILITIES
Long-Term Debt $65.65M $97.62M
YoY Change -32.75% 34.28%
Other Long-Term Liabilities $70.09M $78.96M
YoY Change -11.23% -8.3%
Total Long-Term Liabilities $135.7M $176.6M
YoY Change -23.13% 11.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $139.2M $115.4M
Total Long-Term Liabilities $135.7M $176.6M
Total Liabilities $287.0M $303.0M
YoY Change -5.28% 10.14%
SHAREHOLDERS EQUITY
Retained Earnings $366.8M $329.7M
YoY Change 11.26% 7.77%
Common Stock $126.1M $121.2M
YoY Change 4.08% 6.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $411.0M $382.9M
YoY Change
Total Liabilities & Shareholders Equity $709.0M $694.6M
YoY Change 2.08% 8.48%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $6.992M $12.95M
YoY Change -45.99% 24.74%
Depreciation, Depletion And Amortization $3.157M $3.157M
YoY Change 0.0% 2.8%
Cash From Operating Activities $8.300M $10.90M
YoY Change -23.85% 34.8%
INVESTING ACTIVITIES
Capital Expenditures $2.531M $2.172M
YoY Change 16.53% -10.02%
Acquisitions $0.00 $1.384M
YoY Change -100.0% -362.12%
Other Investing Activities $0.00 -$1.100M
YoY Change -100.0% -257.14%
Cash From Investing Activities -$2.500M -$3.300M
YoY Change -24.24% 95.15%
FINANCING ACTIVITIES
Cash Dividend Paid $4.583M $4.243M
YoY Change 8.01% 6.34%
Common Stock Issuance & Retirement, Net $0.00 $5.859M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.800M 4.300M
YoY Change -234.88% -184.65%
NET CHANGE
Cash From Operating Activities 8.300M 10.90M
Cash From Investing Activities -2.500M -3.300M
Cash From Financing Activities -5.800M 4.300M
Net Change In Cash $1.544M 11.90M
YoY Change -87.03% 804.94%
FREE CASH FLOW
Cash From Operating Activities $8.300M $10.90M
Capital Expenditures $2.531M $2.172M
Free Cash Flow $5.769M $8.728M
YoY Change -33.9% 53.88%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
1100000 USD
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0149 pure
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2552 pure
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0167 pure
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
178077000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
741000 USD
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P3Y
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
42477 shares
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5376000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6305000 USD
CY2016Q1 kwr Income Loss From Continuing Operations Before Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeMinorityInterestAndIncomeLossFromEquityMethodInvestments
13242000 USD
CY2016Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
102000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
398000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
12946000 USD
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.98
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
CY2017Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
5448000 USD
CY2016Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
4733000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-318000 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
200000 USD
CY2017Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
13580000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
18720000 USD
CY2017Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12438000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18260000 USD
CY2017Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1153000 USD
CY2016Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1798000 USD
CY2016Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
113000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6937000 USD
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13176096 shares
CY2016Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
348000 USD
CY2016Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1777000 USD
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13116807 shares
CY2016Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
113000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
6938000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12833000 USD
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
12587 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13221061 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13129394 shares
CY2017Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3507 shares
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
670000 USD
CY2017Q1 us-gaap Depreciation
Depreciation
3157000 USD
CY2017Q1 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
240000 USD
CY2016Q1 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
279000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3813000 USD
CY2017Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-755000 USD
CY2016Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11742 shares
CY2017Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
54000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
13344000 USD
CY2017Q1 dei Document Type
DocumentType
10-Q
CY2017Q1 dei Document Period End Date
DocumentPeriodEndDate
2017-03-31
CY2017Q1 dei Amendment Flag
AmendmentFlag
false
CY2017Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2017Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2017Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000081362
CY2017Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2017Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2017Q1 dei Entity Registrant Name
EntityRegistrantName
Quaker Chemical Corporation
CY2017Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2017Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2017Q1 dei Trading Symbol
TradingSymbol
KWR
CY2017Q1 kwr Operating Income Loss Segment Reporting
OperatingIncomeLossSegmentReporting
40923000 USD
CY2016Q1 kwr Operating Income Loss Segment Reporting
OperatingIncomeLossSegmentReporting
37524000 USD
CY2017Q1 kwr Nonoperating Charges
NonoperatingCharges
16317000 USD
CY2016Q1 kwr Nonoperating Charges
NonoperatingCharges
15909000 USD
CY2017Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1773000 USD
CY2017Q1 us-gaap Licenses Revenue
LicensesRevenue
269000 USD
CY2016Q1 us-gaap Licenses Revenue
LicensesRevenue
272000 USD
CY2017Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-214000 USD
CY2016Q1 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
312000 USD
CY2017Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
15000 USD
CY2016Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
5000 USD
CY2017Q1 kwr Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
294000 USD
CY2016Q1 kwr Proceeds From Non Income Tax Refunds
ProceedsFromNonIncomeTaxRefunds
21000 USD
CY2017Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
131000 USD
CY2016Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
124000 USD
CY2017Q1 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
34000 USD
CY2016Q1 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
28000 USD
CY2016Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
20000 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2279000 USD
CY2017Q1 us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
-148000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2602000 USD
CY2017Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
41938000 USD
CY2017Q1 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
45179000 USD
CY2017Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
15237000 USD
CY2016Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1800000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
8322000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
10874000 USD
CY2017Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2531000 USD
CY2017Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2017Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
15000 USD
CY2017Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
9000 USD
CY2017Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-231000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2276000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
26000 USD
CY2016Q1 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
8000 USD
CY2016Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-271000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3251000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
474000 USD
CY2017Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
4583000 USD
CY2017Q1 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
-777000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
14687000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
159000 USD
CY2016Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
4243000 USD
CY2016Q1 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
-253000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-5834000 USD
CY2017Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1563000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
4277000 USD
CY2016Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1421000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1775000 USD
CY2017Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
201929000 USD
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
195225000 USD
CY2016Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
37772000 USD
CY2016Q4 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
39310000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
15343000 USD
CY2016Q4 us-gaap Assets Current
AssetsCurrent
376468000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
88818000 USD
CY2017Q1 us-gaap Assets Current
AssetsCurrent
394876000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
239827000 USD
CY2017Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
154594000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
85233000 USD
CY2017Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
71850000 USD
CY2017Q1 us-gaap Equity Method Investments
EquityMethodInvestments
24063000 USD
CY2017Q1 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
22460000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
236006000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
6992000 USD
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
150272000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
85734000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
73071000 USD
CY2016Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
24382000 USD
CY2017Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28841000 USD
CY2017Q1 us-gaap Assets
Assets
709006000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
28752000 USD
CY2016Q4 us-gaap Assets
Assets
692028000 USD
CY2017Q1 us-gaap Debt Current
DebtCurrent
726000 USD
CY2017Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
90215000 USD
CY2017Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
13754000 USD
CY2017Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
530000 USD
CY2017Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
33963000 USD
CY2017Q1 us-gaap Liabilities Current
LiabilitiesCurrent
139188000 USD
CY2016Q4 us-gaap Debt Current
DebtCurrent
707000 USD
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
82164000 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
19356000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
24514000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
127411000 USD
CY2017Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
65649000 USD
CY2017Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
12101000 USD
CY2017Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
70093000 USD
CY2017Q1 us-gaap Liabilities
Liabilities
287031000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
65769000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
12008000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
74234000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
279422000 USD
CY2017Q1 us-gaap Common Stock Value
CommonStockValue
13291000 USD
CY2017Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
112838000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
366819000 USD
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
13278000 USD
CY2016Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
112475000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
364414000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
410987000 USD
CY2017Q1 us-gaap Minority Interest
MinorityInterest
10988000 USD
CY2017Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
709006000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
402760000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
692028000 USD
CY2017Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2017Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2017Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13290807 shares
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
13277832 shares
CY2017Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:13.8pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;color:#000000;' >Note 2</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' > &#8211; </font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;color:#000000;' >Recently Issued Accounting Standards</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >The </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Financial Accounting Standards Board (&quot;FASB&quot;) </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >issued an accounting standard update in </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >March</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > 2017, </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >to improve the presentation of net periodic pension and postretirement benefit cost. Defined benefit </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >pension and postretirement benefit costs &#8220;(net benefit cost&#8221;) comprise several components that reflect different aspects of an employer&#8217;s financial arrangements as well as the cost of benefits provided to employees. This accounting standard update </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >requir</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >e</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >s</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > that an employer disaggregate the service</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >cost component from the other </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >components of net benefit cost, </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >provide</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >s</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > explicit guidance on how to present the service cost component and</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >the other components of net benefit cost in the income statement and allo</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >w</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >s</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > only</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >the service cost component of net benefit cost to be eligible for capitalization.</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >The guidance within this accounting standa</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >rd update should be applied</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >retrospectively</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > for the</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >presentation of the service cost component and the other components of </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >net</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >periodic benefit cost in the income</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > statement and prospectively</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > for the capitalization</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >of the service cost component of net periodic </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >benefit in assets. This accounting standard update is </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >effective for annual</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >periods</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >beginning after December 15, 2017, </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >including interim periods within those</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >annual periods. </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >Early adoption is permitted as</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >of the beginning of an annual period for which financial statements (interim or</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >annual) have not been issued or made available for issuance.</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > The Company&#8217;s non-service c</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ost components of net periodic benefit cost during the three months ended March 31, 2016 were $0.6 million. During the first quarter of 2017, the Company elected to early adopt the guidance within this accounting standard update which resulted in a reclas</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >sification to the Company&#8217;s Condensed Consolidated Statement of Income for the three months ended March 31, 2016, as previously reported cost of goods sold (&#8220;COGS&#8221;) were reduced by $0.1 million and selling, general and administrative expenses (&#8220;SG&amp;A&#8221;) were</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > reduced by $0.5 million, with a corresponding $0.6 million reduction to other income.</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >The Company utilized a practical expedient included in the accounting standard update which allowed the Company to use amounts previously disclosed in its pension and o</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ther postretirement benefits note for the prior period as the estimation basis for applying the required retrospective presentation requirements. </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > In addition, these required retrospective reclassifications resulted in an immaterial adjustment to previousl</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >y reported direct operating earnings within the Company&#8217;s reportable operating segment disclosures for the three months ended March 31, 2016. See Note 3, Note 6 and Note 7 of Notes to Condensed Consolidated Financial Statements.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >The </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >FASB</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >issued an account</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ing standard update in January 2017, simplifying the test for goodwill impairment by eliminating the Step 2 computation. The accounting standard update modifies the concept of impairment from the condition that exists when the carrying amount of goodwill </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >exceeds its implied fair value to the condition that exists when the carrying amount of a reporting unit exceeds its fair value. The guidance removes the requirement to determine a goodwill impairment by calculating the implied fair value of goodwill by a</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ssigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination. The guidance within this accounting standard update should be applied on a prospective basis, and is ef</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >fective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is still </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >evaluating the guidance but currently anticipates early adoption of the accounting standard update for its next annual goodwill impairment test during 2017, and does not expect a material impact to its financial statements. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >The FASB issued an account</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ing standard update in January 2017 to clarify the definition of a business with the objective of adding guidance to assist companies with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >amendments in this accounting standard update provide a more robust framework to use in determining when a set of assets and activities is a business. The guidance within this accounting standard update is effective for annual and interim periods beginnin</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >g after December 15, 2017. Early adoption is permitted in limited circumstances, and the amendments in this accounting standard update should be applied prospectively, with no disclosures required at transition. The Company does not currently meet the cr</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >iteria for early application of the amendments and therefore has not early adopted the guidance. The Company will evaluate the potential impact of this guidance on future transactions, as applicable. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >The FASB issued an accounting standard update in Nove</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >mber 2016 requiring that the statement of cash flows explain both the change in the total cash and cash equivalents, and, also, the amounts generally described as restricted cash or restricted cash equivalents. This will require amounts generally describe</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >d as restricted cash or restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning and ending amounts shown on the statement of cash flows. The guidance within this accounting standard update is effective for ann</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ual and interim periods beginning after December 15, 2017. Early adoption is permitted and the guidance requires application using a retrospective transition method to each period presented when adopted. While permitted, the Company has not early adopted</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > the guidance and is currently evaluating the appropriate implementation strategy. Adoption of the guidance will not have an impact on the Company&#8217;s earnings or balance sheet but will result in changes to certain disclosures within the statement of cash f</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >lows, notably cash flows from investing activities.</font></p><p style='text-align:left;margin-top:6pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >The FASB issued an accounting standard update in August 2016 to standardize how certain transactions are classified in the statement of cash flows. Specific transactions covered by the accounting </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >standard update include debt prepayment or debt extinguishment costs, settlement of zero-coupon debt instruments, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settl</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ement of corporate and bank owned life insurance policies, distributions received from equity method investments and beneficial interest in securitization transactions. The guidance within this accounting standard update is effective for annual and interi</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >m periods beginning after December 15, 2017. Early adoption is permitted, provided that all of the amendments are adopted in the same period. The guidance requires application using a retrospective transition method. While permitted, the Company has not </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >early adopted the guidance and is currently evaluating the appropriate implementation strategy. Adoption of the guidance will not have an impact on the Company&#8217;s earnings or balance sheet but may result in certain reclassifications on the statement of cas</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >h flows, including reclassifications between cash flows from </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >operating activities, investing activities and financing activities, respectively.</font></p><p style='text-align:left;margin-top:5pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' > </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >The FASB issued an accounting standard update in March 2016 involving several aspects of the accounting for sha</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >re-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, use of a forfeiture rate, and classification on the statement of cash flows. The guidance within this accounting standard updat</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >e </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >was</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > effective for annual and interim periods beginning after December 15, 2016. When adopted, application of the guidance will vary based on each aspect of the update</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >,</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > including </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >adoption under </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >retrospective, modified retrospective or prospective </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >approac</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >hes</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >. Early adoption </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >was</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > permitted</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >. During the first quarter of 2017, the Company adopted the guidance within the accounting standard update as required. The impact of adoption for the Company included the elimination of recording the tax effects of dedu</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ctions in excess of compensation cost (&#8220;windfalls&#8221;) through equity as the guidance in this accounting standard update requires all tax effects related to share-based payments to now be recorded through the income statement. The tax effects of awards are r</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >equired to be treated as discrete items in the interim reporting period in which the windfalls occur. In addition, when applying the treasury stock method for computing diluted earnings per share, there are no longer assumed proceeds from windfall tax ben</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >efits and as a result, there are fewer shares considered to be repurchased in the calculation. This results in an assumption of more incremental shares being issued upon the exercise of share-based payment awards, therefore, equity awards will have a more</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > dilutive effect on earnings per share. As required, the Company has applied these changes in the guidance prospectively, beginning in the first quarter of 2017. </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >The result of these changes was an immaterial tax benefit recorded during the three months e</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >nded March 31, 2017 and an immater</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ial</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > number of dilutive shares </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >added to</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > the Company&#8217;s earnings per share calculation for the three months ended March 31, 2017.</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > In addition, all tax-related cash flows resulting from share-based payments are now required t</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >o be reported as operating activities in the statement of cash flows under this new guidance. Either prospective or retrospective transition of this provision was permitted, and the Company has elected to apply the cash flow classification guidance on a p</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >rospective basis, consistent with the prospective transition for the treatment of excess tax benefits in the income statement. Lastly, the accounting standard update permitted Company&#8217;s to make an accounting policy election to account for forfeitures as t</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >hey occur for service condition aspects of certain share-based awards, rather than estimating forfeitures each period. While permitted, the Company has not elected to make this accounting policy decision, and instead has elected to continue utilizing a for</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >feiture rate assumption. Based on historical experience, the Company has assumed a forfeiture rate of 13% on certain of its nonvested stock awards. See Note 5, Note 8 and Note 9 of Notes to Condensed Consolidated Financial Statements. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >The FASB issu</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >ed an accounting standard update in February 2016 regarding the accounting and disclosure for leases. Specifically, the update will require entities that lease assets to recognize the assets and liabilities for the rights and obligations created by those </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >leases on the balance sheet, in most instances. The guidance within this accounting standard update is effective for annual and interim periods beginning after December 15, 2018, and should be applied on a modified retrospective basis for the reporting pe</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >riods presented. Early adoption is permitted. The Company has not early adopted and is currently evaluating the potential impact of this guidance and an appropriate implementation strategy. The Company has begun its impact assessment, including taking a</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >n inventory of its outstanding leases globally. While the Company&#8217;s evaluation of this guidance is in the early stages, the Company currently expects adoption of this guidance to have an impact on its balance sheet.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >The FASB issued an accounting standard </font><font style='font-family:Times New Roman;font-size:10pt;' >update in May 2014 regarding the accounting for and disclosure of revenue recognition. Specifically, the update outlined a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers, which will be common</font><font style='font-family:Times New Roman;font-size:10pt;' > to both U.S. GAAP and International Financial Reporting Standards (&#8220;IFRS&#8221;). The guidance was effective for annual and interim periods beginning after December 15, 2016, and allowed for full retrospective adoption of prior period data or a modified retros</font><font style='font-family:Times New Roman;font-size:10pt;' >pective adoption. Early adoption was not permitted. In August 2015, the FASB issued an accounting standard update to delay the effective date of the new revenue standard by one year, or, in other words, to be effective for annual and interim periods begi</font><font style='font-family:Times New Roman;font-size:10pt;' >nning after December 15, 2017. Entities will be permitted to adopt the new revenue standard early but not before the original effective date. During 2016, the FASB issued a series of accounting standard updates to clarify and expand on the implementation</font><font style='font-family:Times New Roman;font-size:10pt;' > guidance, including principal versus agent considerations, identification of performance obligations, licensing, other technical corrections and adding certain practical expedients. The amendments in these 2016 updates do not change the core principle of</font><font style='font-family:Times New Roman;font-size:10pt;' > the previously issued guidance in May 2014. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;' >During 2016, the Company reviewed its historical accounting policies and practices to identify potential differences with the requirements of the new revenue standard, as it relates to the Company&#8217;s contracts a</font><font style='font-family:Times New Roman;font-size:10pt;' >nd sales arrangements. As of </font><font style='font-family:Times New Roman;font-size:10pt;' >March</font><font style='font-family:Times New Roman;font-size:10pt;' > 31, 201</font><font style='font-family:Times New Roman;font-size:10pt;' >7</font><font style='font-family:Times New Roman;font-size:10pt;' >, the Company has progressed its impact assessment for the implementation of the new revenue recognition guidance, including contract reviews and preliminary considerations for the Company&#8217;s future financial repo</font><font style='font-family:Times New Roman;font-size:10pt;' >rting and disclosure requirements. While the impact assessment continues, the Company has not yet selected a method, and, also, has yet to conclude on the impact of the accounting standard update. The Company currently expects its determination will be n</font><font style='font-family:Times New Roman;font-size:10pt;' >ear completion during the first half of 2017. The Company is still assessing the materiality and the potential impact on its earnings, cash flows, and balance sheet, however; the Company does expect its adoption to increase the amount and level of disclos</font><font style='font-family:Times New Roman;font-size:10pt;' >ures concerning the Company&#8217;s net sales.</font></p></div>
CY2017Q1 kwr Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
-490000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
5742000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
296000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5446000 USD
CY2017Q1 us-gaap Finite Lived Customer Lists Gross
FiniteLivedCustomerListsGross
71919000 USD
CY2017Q1 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
6059000 USD
CY2017Q1 kwr Finite Lived Intangible Assets Amortization Expense Current Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseCurrentFiscalYear
7063000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6829000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6728000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6455000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6092000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
5971000 USD
CY2017Q1 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
1100000 USD
CY2017Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0 USD
CY2017Q1 us-gaap Dividends Common Stock
DividendsCommonStock
4587000 USD
CY2017Q1 kwr Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
376000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-73316000 USD
CY2017Q1 us-gaap Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
<div><p style='text-align:left;margin-top:0pt;margin-bottom:6pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:18pt;color:#000000;' >As part of the Company&#8217;s chemical management services, certain third-party product sales to customers are managed by the Company. Where the Company acts as a principal, revenue is recognized on a gross reporting basis at the selling price negotiated </font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >with</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > customers. Where the Company acts as an agent, such revenue is</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' > recorded using net reporting of service revenue</font><font style='font-family:Times New Roman;font-size:10pt;color:#000000;' >, at the amount of the administrative fee earned by the Company for ordering the goods. </font></p></div>
CY2017Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2016Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
83879 shares
CY2017Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
835000 USD
CY2017Q1 kwr Net Reporting Amount
NetReportingAmount
10400000 USD
CY2016Q1 kwr Net Reporting Amount
NetReportingAmount
11100000 USD
CY2016Q4 kwr Cash Surrender Value Company Owned Life Insurance Fair Value Disclosure
CashSurrenderValueCompanyOwnedLifeInsuranceFairValueDisclosure
1410000 USD
CY2016Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1410000 USD
CY2017Q1 us-gaap Restructuring Reserve
RestructuringReserve
530000 USD
CY2017Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
148000 USD
CY2017Q1 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-8000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6200000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
700000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
1600000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6500000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
600000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
1700000 USD
CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.508 pure
CY2016Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.323 pure
CY2017Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
38912000 USD
CY2017Q1 us-gaap Goodwill
Goodwill
81683000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
80804000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
9846000 USD
CY2016Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
670000 USD
CY2016Q4 us-gaap Equity Method Investments
EquityMethodInvestments
22817000 USD
CY2017Q1 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
0 USD
CY2017Q1 kwr Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
5252000 USD
CY2016Q1 kwr Other Comprehensive Income Loss Before Reclassifications
OtherComprehensiveIncomeLossBeforeReclassifications
4386000 USD
CY2016Q1 kwr Reclassifications From Accumulated Comprehensive Income Loss To Income Statement
ReclassificationsFromAccumulatedComprehensiveIncomeLossToIncomeStatement
-1296000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
5682000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
368000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5314000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-87407000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
412606000 USD
CY2016Q1 us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
-509000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5859000 USD
CY2017Q1 kwr Cash Surrender Value Company Owned Life Insurance Fair Value Disclosure
CashSurrenderValueCompanyOwnedLifeInsuranceFairValueDisclosure
1454000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
94374000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
391526000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
109662000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
100000 USD
CY2017Q1 kwr Unrecognized Tax Benefits Interest Income On Income Taxes
UnrecognizedTaxBenefitsInterestIncomeOnIncomeTaxes
200000 USD
CY2016Q1 kwr Unrecognized Tax Benefits Interest Income On Income Taxes
UnrecognizedTaxBenefitsInterestIncomeOnIncomeTaxes
100000 USD
CY2016Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
5859000 USD
CY2016Q1 kwr Stock Issued During Period Value And Adjustments To Additional Paid In Capital Share Based Compensation And Exercise Of Stock Options
StockIssuedDuringPeriodValueAndAdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndExerciseOfStockOptions
1545000 USD
CY2016Q1 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
104000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
421975000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
381243000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
90593000 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-68002000 USD
CY2017Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-81961000 USD
CY2017Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
13290807 shares
CY2016Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
200000 USD
CY2017Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
200000 USD
CY2017Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
1454000 USD
CY2016Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
110096000 USD
CY2016Q1 us-gaap Gross Profit
GrossProfit
67981000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
48143000 USD
CY2016Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.32
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
194909000 USD
CY2017Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
124022000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
70887000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
48054000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
19838000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
13758000 USD
CY2017Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-105000 USD
CY2017Q1 us-gaap Interest Expense
InterestExpense
656000 USD
CY2017Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
523000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
13520000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6865000 USD
CY2017Q1 kwr Income Loss From Continuing Operations Before Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeMinorityInterestAndIncomeLossFromEquityMethodInvestments
6655000 USD
CY2017Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
959000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
7614000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
622000 USD
CY2016Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
102000 USD
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2017Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.345
CY2017Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1142000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
460000 USD
CY2017Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
2263000 USD
CY2016Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
2685000 USD
CY2017Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
9075000 USD
CY2016Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 USD
CY2017Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-660000 USD
CY2016Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
0 USD
CY2017Q1 kwr Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
566000 USD
CY2016Q4 kwr Finite Lived Trademarks Formulations And Product Technology
FiniteLivedTrademarksFormulationsAndProductTechnology
31436000 USD
CY2016Q1 kwr Pension And Post Retirement Benefit Costs Nonservice Components
PensionAndPostRetirementBenefitCostsNonserviceComponents
604000 USD
CY2017Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
44000 USD
CY2016Q4 us-gaap Finite Lived Customer Lists Gross
FiniteLivedCustomerListsGross
71454000 USD
CY2016Q4 us-gaap Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
6023000 USD
CY2017Q1 kwr Finite Lived Trademarks Formulations And Product Technology
FiniteLivedTrademarksFormulationsAndProductTechnology
31684000 USD
CY2017Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
400000 USD
CY2016Q1 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
800000 USD
CY2016Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
104000 USD
CY2017Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2016Q1 kwr Unrecognized Tax Benefits Income Tax Penalties Income
UnrecognizedTaxBenefitsIncomeTaxPenaltiesIncome
100000 USD
CY2016Q4 kwr Finitelivedtrademarksformulationsandproducttechnologygross1
Finitelivedtrademarksformulationsandproducttechnologygross1
31436000 USD
CY2017Q1 kwr Finitelivedtrademarksformulationsandproducttechnologygross1
Finitelivedtrademarksformulationsandproducttechnologygross1
31684000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
36942000 USD
CY2017Q1 us-gaap Business Combination Separately Recognized Transactions Liabilities Recognized
BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized
8900000 USD
CY2016Q4 us-gaap Business Combination Separately Recognized Transactions Liabilities Recognized
BusinessCombinationSeparatelyRecognizedTransactionsLiabilitiesRecognized
500000 USD
CY2017Q1 us-gaap Business Combination Separately Recognized Transactions Additional Disclosures Acquisition Cost Expensed
BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed
9100000 USD
CY2017Q1 kwr Effectofcombinationrelatedexpensesperdilutedshare
Effectofcombinationrelatedexpensesperdilutedshare
0.69

Files In Submission

Name View Source Status
0000081362-17-000009-index-headers.html Edgar Link pending
0000081362-17-000009-index.html Edgar Link pending
0000081362-17-000009.txt Edgar Link pending
0000081362-17-000009-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
form10q.htm Edgar Link pending
kwr-20170331.xml Edgar Link completed
kwr-20170331.xsd Edgar Link pending
kwr-20170331_cal.xml Edgar Link unprocessable
kwr-20170331_def.xml Edgar Link unprocessable
kwr-20170331_lab.xml Edgar Link unprocessable
kwr-20170331_pre.xml Edgar Link unprocessable
qex311.htm Edgar Link pending
qex312.htm Edgar Link pending
qex321.htm Edgar Link pending
qex322.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending