2021 Q2 Form 10-Q Financial Statement

#000100528621000029 Filed on April 08, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2021 Q1 2020 Q1
Revenue $139.8M $44.69M $152.9M
YoY Change -10.42% -70.78% -1.69%
Cost Of Revenue $115.0M $30.25M $132.9M
YoY Change -12.86% -77.24% -0.82%
Gross Profit $24.80M $14.44M $20.05M
YoY Change 2.91% -27.96% -7.06%
Gross Profit Margin 17.74% 32.31% 13.11%
Selling, General & Admin $16.14M $8.134M $18.78M
YoY Change -4.51% -56.69% 20.5%
% of Gross Profit 65.07% 56.33% 93.69%
Research & Development $2.579M $1.843M $2.747M
YoY Change -4.48% -32.91% 0.29%
% of Gross Profit 10.4% 12.76% 13.7%
Depreciation & Amortization $5.057M $4.980M $4.770M
YoY Change 0.34% 4.4% 17.84%
% of Gross Profit 20.39% 34.49% 23.79%
Operating Expenses $18.72M $12.00M $35.06M
YoY Change -4.51% -65.77% 91.29%
Operating Profit $6.085M $2.441M -$15.01M
YoY Change 35.22% -116.26% -563.02%
Interest Expense -$4.720M $2.939M $2.211M
YoY Change 62.76% 32.93% 24.84%
% of Operating Profit -77.57% 120.4%
Other Income/Expense, Net $47.00K $72.00K $67.00K
YoY Change -101.04% 7.46%
Pretax Income -$3.441M -$1.523M -$16.83M
YoY Change -83.13% -90.95% -977.37%
Income Tax -$575.0K -$58.00K -$5.310M
% Of Pretax Income
Net Earnings -$2.866M -$5.498M -$11.52M
YoY Change -81.02% -52.27% -1179.48%
Net Earnings / Revenue -2.05% -12.3% -7.53%
Basic Earnings Per Share -$0.05 -$0.39
Diluted Earnings Per Share -$97.72K -$0.19 -$0.39
COMMON SHARES
Basic Shares Outstanding 29.33M shares 29.32M shares 29.17M shares
Diluted Shares Outstanding 29.32M shares 29.17M shares

Balance Sheet

Concept 2021 Q2 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.295M $2.200M $2.600M
YoY Change 223.75% -15.38% 52.94%
Cash & Equivalents $1.159M $2.248M $2.607M
Short-Term Investments
Other Short-Term Assets $7.350M $14.30M $9.400M
YoY Change -48.24% 52.13% 17.5%
Inventory $63.08M $76.78M $67.06M
Prepaid Expenses
Receivables $41.43M $69.58M $69.76M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $148.3M $162.9M $148.8M
YoY Change -5.59% 9.49% 30.16%
LONG-TERM ASSETS
Property, Plant & Equipment $112.8M $168.7M $191.8M
YoY Change -41.36% -12.04% -0.06%
Goodwill $33.92M $69.39M $77.25M
YoY Change -51.12% -10.18% 1.99%
Intangibles $17.10M $4.200M
YoY Change -32.49%
Long-Term Investments $45.10M $45.10M $61.30M
YoY Change -20.74% -26.43% -9.99%
Other Assets $3.531M $3.573M $2.024M
YoY Change 63.78% 76.53% -46.31%
Total Long-Term Assets $354.6M $346.9M $401.2M
YoY Change -7.7% -13.55% 3.61%
TOTAL ASSETS
Total Short-Term Assets $148.3M $162.9M $148.8M
Total Long-Term Assets $354.6M $346.9M $401.2M
Total Assets $502.9M $509.8M $550.1M
YoY Change -7.09% -7.32% 9.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.30M $56.32M $63.66M
YoY Change -68.44% -11.53% 37.11%
Accrued Expenses $24.07M $26.40M $23.30M
YoY Change 3.3% 13.3% 33.91%
Deferred Revenue $637.0K $1.595M $618.0K
YoY Change 80.97% 158.09% -51.94%
Short-Term Debt $29.00M $41.00M $58.50M
YoY Change -62.53% -29.91% 32.95%
Long-Term Debt Due $0.00 $0.00 $11.72M
YoY Change -100.0% -100.0% 19.73%
Total Short-Term Liabilities $101.9M $125.3M $158.0M
YoY Change -38.02% -20.65% 32.81%
LONG-TERM LIABILITIES
Long-Term Debt $164.9M $145.1M $104.5M
YoY Change 62.68% 38.75% 16.62%
Other Long-Term Liabilities $2.870M $3.761M $1.464M
YoY Change -36.95% 156.9% -26.8%
Total Long-Term Liabilities $167.8M $148.8M $106.0M
YoY Change 58.4% 40.38% 18.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $101.9M $125.3M $158.0M
Total Long-Term Liabilities $167.8M $148.8M $106.0M
Total Liabilities $300.1M $305.2M $302.4M
YoY Change -3.26% 0.93% 30.61%
SHAREHOLDERS EQUITY
Retained Earnings $38.58M $41.45M $86.39M
YoY Change -45.85% -52.03% -21.44%
Common Stock $29.00K $29.00K $29.00K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $202.8M $204.6M $247.7M
YoY Change
Total Liabilities & Shareholders Equity $502.9M $509.8M $550.1M
YoY Change -7.09% -7.32% 9.66%

Cashflow Statement

Concept 2021 Q2 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$2.866M -$5.498M -$11.52M
YoY Change -81.02% -52.27% -1179.48%
Depreciation, Depletion And Amortization $5.057M $4.980M $4.770M
YoY Change 0.34% 4.4% 17.84%
Cash From Operating Activities $4.417M -$7.860M $10.58M
YoY Change -134.78% -174.29% -16.36%
INVESTING ACTIVITIES
Capital Expenditures -$12.39M -$3.970M -$6.090M
YoY Change 171.09% -34.81% -58.14%
Acquisitions
YoY Change
Other Investing Activities $23.00K $0.00 $2.410M
YoY Change -100.0% -104.06%
Cash From Investing Activities -$12.36M -$3.980M -$3.680M
YoY Change 170.37% 8.15% -95.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.991M 11.59M -6.070M
YoY Change -53.46% -290.94% -109.85%
NET CHANGE
Cash From Operating Activities 4.417M -7.860M 10.58M
Cash From Investing Activities -12.36M -3.980M -3.680M
Cash From Financing Activities 6.991M 11.59M -6.070M
Net Change In Cash -948.0K -250.0K 830.0K
YoY Change -57.87% -130.12% 196.43%
FREE CASH FLOW
Cash From Operating Activities $4.417M -$7.860M $10.58M
Capital Expenditures -$12.39M -$3.970M -$6.090M
Free Cash Flow $16.81M -$3.890M $16.67M
YoY Change -306.72% -123.34% -38.71%

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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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327000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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387000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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1092000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
387000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1092000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-896000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11929000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-28707000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020Q2 us-gaap Stockholders Equity
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231044000 USD
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
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CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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82000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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892000 USD
CY2020Q3 us-gaap Net Income Loss
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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304000 USD
CY2020Q3 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Stock Issued During Period Value New Issues
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CY2020Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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895000 USD
CY2020Q4 us-gaap Net Income Loss
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CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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401000 USD
CY2020Q4 us-gaap Stockholders Equity
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208938000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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797000 USD
CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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387000 USD
CY2021Q1 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Stockholders Equity
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270144000 USD
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
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CY2019Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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55000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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528000 USD
CY2019Q3 us-gaap Net Income Loss
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CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2019Q3 us-gaap Stockholders Equity
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CY2019Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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75000 USD
CY2019Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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787000 USD
CY2019Q4 us-gaap Net Income Loss
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CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
127000 USD
CY2019Q4 us-gaap Stockholders Equity
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259076000 USD
CY2020Q1 us-gaap Stock Issued During Period Value New Issues
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0 USD
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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45000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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566000 USD
CY2020Q1 us-gaap Net Income Loss
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CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-411000 USD
CY2020Q1 us-gaap Stockholders Equity
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247668000 USD
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14808000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13800000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1110000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2584000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1881000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
451000 USD
us-gaap Provision For Doubtful Accounts
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-7881000 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
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us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
200000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-135000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
7881000 USD
us-gaap Restructuring Settlement And Impairment Provisions
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11518000 USD
us-gaap Other Noncash Income Expense
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12000 USD
us-gaap Other Noncash Income Expense
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lndc Accounts Receivable Allowance For Credit Loss Reserve
AccountsReceivableAllowanceForCreditLossReserve
0 USD
lndc Accounts Receivable Allowance For Credit Loss Reserve
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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0 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Inventories
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10468000 USD
us-gaap Increase Decrease In Inventories
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12927000 USD
us-gaap Increase Decrease In Prepaid Expense
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-350000 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-551000 USD
us-gaap Increase Decrease In Accounts Payable
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6372000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
11791000 USD
us-gaap Increase Decrease In Employee Related Liabilities
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2184000 USD
us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Other Accrued Liabilities
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3186000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
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1504000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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1243000 USD
us-gaap Increase Decrease In Contract With Customer Liability
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119000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10600000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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12885000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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2432000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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11383000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22118000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
364000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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1502000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-19322000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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150000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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27500000 USD
us-gaap Repayments Of Lines Of Credit
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119400000 USD
us-gaap Repayments Of Lines Of Credit
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77900000 USD
us-gaap Repayments Of Long Term Debt
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114095000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
8094000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
83000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
84400000 USD
us-gaap Payments Of Debt Issuance Costs
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9615000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
766000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
297000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
175000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
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30000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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24995000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1695000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1335000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
553000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1465000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2248000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2800000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1124000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1793000 USD
us-gaap Use Of Estimates
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<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and judgments that affect the amounts reported in the financial statements and accompanying notes. The accounting estimates that require management’s most significant and subjective judgments include revenue recognition; loss contingencies; allowance for sales returns and credit losses; recognition and measurement of current and deferred income tax assets and liabilities; the assessment of recoverability of long-lived asset (including intangible assets), and inventory; the valuation of investments; and the valuation and recognition of stock-based compensation.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These estimates involve the consideration of complex factors and require management to make judgments. The analysis of historical and future trends can require extended periods of time to resolve and are subject to change from period to period. The actual results may differ from management’s estimates.</span></div>
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2248000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
360000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2607000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1080000 USD
CY2021Q1 us-gaap Restricted Cash
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CY2020Q2 us-gaap Restricted Cash
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193000 USD
CY2020Q1 us-gaap Restricted Cash
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193000 USD
CY2019Q2 us-gaap Restricted Cash
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385000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2248000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
553000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2800000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1465000 USD
CY2021Q1 us-gaap Restricted Cash
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CY2020Q2 us-gaap Restricted Cash
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200000 USD
CY2021Q1 us-gaap Inventory Finished Goods
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CY2020Q2 us-gaap Inventory Finished Goods
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35177000 USD
CY2021Q1 us-gaap Inventory Raw Materials
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26855000 USD
CY2020Q2 us-gaap Inventory Raw Materials
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25856000 USD
CY2021Q1 us-gaap Inventory Work In Process
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CY2020Q2 us-gaap Inventory Work In Process
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5278000 USD
CY2021Q1 us-gaap Inventory Net
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76779000 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
66311000 USD
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
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438000 USD
us-gaap Provision For Loan Losses Expensed
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451000 USD
us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
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607000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
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282000 USD
CY2021Q1 us-gaap Deferred Finance Costs Current Net
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1300000 USD
CY2021Q1 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
5000000.0 USD
CY2020Q2 us-gaap Deferred Finance Costs Current Net
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400000 USD
CY2020Q2 us-gaap Deferred Finance Costs Noncurrent Net
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600000 USD
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
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CY2021Q1 lndc Impact Of10 Increase In Revenue Growth Sales Increase Decrease To Investment
ImpactOf10IncreaseInRevenueGrowthSalesIncreaseDecreaseToInvestment
6000000 USD
CY2021Q1 lndc Impact Of10 Increase In Expense Growth Sales Increase Decrease To Investment
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-3200000 USD
CY2021Q1 lndc Impact Of10 Increase In Discount Rates Increase Decrease To Investment
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-1300000 USD
CY2021Q1 lndc Unsuccessful Attempts To Unionize
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3 attemptsToUnionize
CY2021Q1 us-gaap Insurance Recoveries
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1600000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net
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10600000 USD
CY2020Q2 us-gaap Contract With Customer Asset Net
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9000000.0 USD
CY2021Q1 us-gaap Contract With Customer Liability
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1100000 USD
CY2020Q2 us-gaap Contract With Customer Liability
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0.0 USD
us-gaap Contract With Customer Liability Revenue Recognized
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0.0 USD
CY2021Q1 us-gaap Contract With Customer Liability Revenue Recognized
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0.0 USD
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29323000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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29170000 shares
us-gaap Insurance Recoveries
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1600000 USD
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
100000000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
672600000 shares
CY2021Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
4100000 shares
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
797000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
566000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2584000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1881000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
4100000 USD
CY2010Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
10000000.0 USD
CY2021Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
3800000 USD
us-gaap Treasury Stock Shares Acquired
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0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29282000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29155000 shares
CY2021Q1 us-gaap Net Income Loss
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-5498000 USD
CY2020Q1 us-gaap Net Income Loss
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-11518000 USD
us-gaap Net Income Loss
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-29799000 USD
us-gaap Net Income Loss
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-23042000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
29323000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
29170000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
29282000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
29155000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.39
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.79
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7800000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.195
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25
CY2021Q1 us-gaap Unrecognized Tax Benefits
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900000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits
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800000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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900000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
700000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
150000000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
114000000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4949000 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1083000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
145051000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
112917000 USD
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 USD
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
11554000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
145051000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
101363000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2021Q1 lndc Number Of Natural Food Brands
NumberOfNaturalFoodBrands
4 brand
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
137782000 USD
CY2021Q1 us-gaap Gross Profit
GrossProfit
19689000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-5498000 USD
CY2021Q1 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
4401000 USD
CY2021Q1 us-gaap Investment Income Dividend
InvestmentIncomeDividend
281000 USD
CY2021Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
13000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
4178000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-217000 USD
CY2021Q1 lndc Corporate Overhead Expense Benefit
CorporateOverheadExpenseBenefit
0 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
404328000 USD
us-gaap Gross Profit
GrossProfit
56671000 USD
us-gaap Net Income Loss
NetIncomeLoss
-29799000 USD
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
13441000 USD
us-gaap Investment Income Dividend
InvestmentIncomeDividend
844000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
31000 USD
us-gaap Interest Expense
InterestExpense
10326000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7226000 USD
lndc Corporate Overhead Expense Benefit
CorporateOverheadExpenseBenefit
0 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
152928000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
20047000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-11518000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
4650000 USD
CY2020Q1 us-gaap Investment Income Dividend
InvestmentIncomeDividend
281000 USD
CY2020Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
46000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
2211000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5310000 USD
CY2020Q1 lndc Corporate Overhead Expense Benefit
CorporateOverheadExpenseBenefit
0 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
434235000 USD
us-gaap Net Income Loss
NetIncomeLoss
-23042000 USD
us-gaap Gross Profit
GrossProfit
50897000 USD
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
13478000 USD
us-gaap Investment Income Dividend
InvestmentIncomeDividend
843000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
96000 USD
us-gaap Interest Expense
InterestExpense
6455000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7840000 USD
lndc Corporate Overhead Expense Benefit
CorporateOverheadExpenseBenefit
0 USD
CY2021Q1 us-gaap Restructuring Costs
RestructuringCosts
2700000 USD
us-gaap Restructuring Costs
RestructuringCosts
12766000 USD
us-gaap Restructuring Costs
RestructuringCosts
30051000 USD
CY2021Q1 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
32000000.0 USD

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