2013 Q4 Form 10-K Financial Statement

#000100062315000028 Filed on February 27, 2015

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $196.5M $185.3M $196.5M
YoY Change 0.92% -5.41% 1.87%
Cost Of Revenue $122.1M $131.6M
YoY Change -5.79% 1.78%
Gross Profit $61.90M $63.20M $64.90M
YoY Change -5.21% -4.68% 2.04%
Gross Profit Margin 31.5% 34.11% 33.03%
Selling, General & Admin $17.20M $18.40M
YoY Change 4.24% 1.66%
% of Gross Profit 27.22% 28.35%
Research & Development $3.600M $3.700M
YoY Change 50.0% 42.31%
% of Gross Profit 5.7% 5.7%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $20.80M $22.10M
YoY Change 10.05% 6.76%
Operating Profit -$700.0K $41.80M $42.10M
YoY Change -101.77% -15.38% 11.97%
Interest Expense $600.0K $700.0K
YoY Change -14.29% -22.22%
% of Operating Profit 1.44% 1.66%
Other Income/Expense, Net $500.0K $1.200M
YoY Change 25.0% -271.43%
Pretax Income $41.70M $42.60M
YoY Change -15.07% 18.33%
Income Tax $13.80M $13.80M
% Of Pretax Income 33.09% 32.39%
Net Earnings -$9.700M $29.10M $26.60M
YoY Change -158.79% 5.05% 26.67%
Net Earnings / Revenue -4.94% 15.7% 13.54%
Basic Earnings Per Share -$0.31 $0.93 $0.85
Diluted Earnings Per Share -$0.30 $0.92 $0.84
COMMON SHARES
Basic Shares Outstanding 31.40M shares 31.09M shares 31.10M shares
Diluted Shares Outstanding 31.28M shares 31.26M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $272.0M $222.5M $212.7M
Short-Term Investments
Other Short-Term Assets $4.700M $8.100M $10.00M
YoY Change -54.37% 113.16% 143.9%
Inventory $132.8M $111.0M $112.3M
Prepaid Expenses
Receivables $107.6M $100.7M $96.70M
Other Receivables
Total Short-Term Assets $537.1M $456.1M $446.1M
YoY Change 40.6% 25.79% 32.45%
LONG-TERM ASSETS
Property, Plant & Equipment $393.2M $384.6M $374.5M
YoY Change -2.04% -4.49% -5.57%
Goodwill $121.1M $5.900M $5.700M
YoY Change 2024.56% 5.36% 5.56%
Intangibles $80.70M
YoY Change 20075.0%
Long-Term Investments $63.10M $61.70M $58.90M
YoY Change 3.1% 4.75% 3.51%
Other Assets $31.60M $25.40M $25.80M
YoY Change 23.92% -10.56% -13.42%
Total Long-Term Assets $687.0M $484.7M $472.9M
YoY Change 36.12% -4.92% -6.43%
TOTAL ASSETS
Total Short-Term Assets $537.1M $456.1M $446.1M
Total Long-Term Assets $687.0M $484.7M $472.9M
Total Assets $1.224B $940.8M $919.0M
YoY Change 38.05% 7.84% 9.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.40M $35.80M $47.60M
YoY Change 8.33% -25.73% -3.84%
Accrued Expenses $92.70M $81.70M $74.80M
YoY Change 22.3% 8.36% 2.19%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $4.200M $4.600M $3.300M
YoY Change 0.0% -37.84% 3.13%
Total Short-Term Liabilities $146.3M $122.1M $125.7M
YoY Change 15.29% -6.79% -0.16%
LONG-TERM LIABILITIES
Long-Term Debt $381.2M $146.6M $161.2M
YoY Change 151.12% -7.8% -5.68%
Other Long-Term Liabilities $28.30M $29.60M $29.10M
YoY Change 7.6% 11.7% 11.92%
Total Long-Term Liabilities $409.5M $176.2M $190.3M
YoY Change 129.93% -5.01% -3.35%
TOTAL LIABILITIES
Total Short-Term Liabilities $146.3M $122.1M $125.7M
Total Long-Term Liabilities $409.5M $176.2M $190.3M
Total Liabilities $665.4M $373.8M $389.5M
YoY Change 77.49% -3.34% -0.15%
SHAREHOLDERS EQUITY
Retained Earnings $520.0M $540.9M $521.3M
YoY Change 7.57% 14.69% 15.92%
Common Stock $3.100M $3.100M $3.100M
YoY Change 0.0% 0.0% 63.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Treasury Stock Shares 0.000 shares 0.000 shares 0.000 shares
Shareholders Equity $561.4M $567.0M $529.5M
YoY Change
Total Liabilities & Shareholders Equity $1.227B $940.8M $919.0M
YoY Change 38.36% 7.84% 9.12%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income -$9.700M $29.10M $26.60M
YoY Change -158.79% 5.05% 26.67%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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29900000 USD
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18100000 USD
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13100000 USD
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CY2014 us-gaap Deferred Income Tax Expense Benefit
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3100000 USD
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CY2014 us-gaap Distributed Earnings
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2400000 USD
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9100000 USD
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0.000
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Holidays
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CY2013Q4 us-gaap Employee Related Liabilities Current
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3700000 USD
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1400000 USD
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500000 USD
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600000 USD
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1400000 USD
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500000 USD
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600000 USD
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10200000 USD
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13300000 USD
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4200000 USD
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3800000 USD
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3800000 USD
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3800000 USD
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4200000 USD
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80800000 USD
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58900000 USD
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67500000 USD
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1300000 USD
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1500000 USD
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1400000 USD
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CY2013 us-gaap General And Administrative Expense
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50300000 USD
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115100000 USD
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5000000 USD
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300000 USD
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CY2013 us-gaap Gross Profit
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57600000 USD
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52900000 USD
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49100000 USD
CY2014 us-gaap Gross Profit
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218800000 USD
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CY2013 us-gaap Income Loss From Continuing Operations
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CY2014Q1 us-gaap Income Loss From Continuing Operations
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23200000 USD
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25000000 USD
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23100000 USD
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CY2014 us-gaap Income Loss From Continuing Operations
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89700000 USD
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104400000 USD
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70000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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77200000 USD
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149600000 USD
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127700000 USD
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108200000 USD
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3.33
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0.98
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0.94
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0.94
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CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
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2.51
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0.75
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0.82
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0.76
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0.61
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
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2.94
CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
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3.29
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.98
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0.93
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0.93
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0.75
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2.93
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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1500000 USD
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CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
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0 USD
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100000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.05
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.07
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4000000 USD
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3800000 USD
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
49500000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53000000 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20500000 USD
CY2012 us-gaap Income Tax Holiday Aggregate Dollar Amount
IncomeTaxHolidayAggregateDollarAmount
2000000 USD
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IncomeTaxHolidayAggregateDollarAmount
13400000 USD
CY2012 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.06
CY2013 us-gaap Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
0.43
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0 USD
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1200000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
400000 USD
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-4500000 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
8200000 USD
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-16100000 USD
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
52400000 USD
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
44700000 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
37900000 USD
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
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900000 USD
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1000000 USD
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1400000 USD
CY2012 us-gaap Income Tax Reconciliation Tax Holidays
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1000000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
900000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
1000000 USD
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33700000 USD
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
69800000 USD
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17600000 USD
CY2013Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
9900000 USD
CY2014Q4 us-gaap Income Taxes Receivable
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11500000 USD
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-14300000 USD
CY2013 us-gaap Increase Decrease In Accounts And Other Receivables
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-4400000 USD
CY2014 us-gaap Increase Decrease In Accounts And Other Receivables
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-13300000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
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-7000000 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
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-1500000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
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3100000 USD
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
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4700000 USD
CY2013 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-4600000 USD
CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-4100000 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
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-8100000 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
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3400000 USD
CY2014 us-gaap Increase Decrease In Accrued Liabilities
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-8000000 USD
CY2012 us-gaap Increase Decrease In Inventory For Long Term Contracts Or Programs
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6100000 USD
CY2013 us-gaap Increase Decrease In Inventory For Long Term Contracts Or Programs
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1000000 USD
CY2014 us-gaap Increase Decrease In Inventory For Long Term Contracts Or Programs
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-14900000 USD
CY2012 us-gaap Increase Decrease In Operating Capital
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3200000 USD
CY2013 us-gaap Increase Decrease In Operating Capital
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-800000 USD
CY2014 us-gaap Increase Decrease In Operating Capital
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-18600000 USD
CY2012 us-gaap Increase Decrease In Prepaid Expense
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1000000 USD
CY2013 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-100000 USD
CY2014 us-gaap Increase Decrease In Prepaid Expense
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600000 USD
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80700000 USD
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
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89300000 USD
CY2012 us-gaap Interest Expense
InterestExpense
3300000 USD
CY2013 us-gaap Interest Expense
InterestExpense
2900000 USD
CY2014 us-gaap Interest Expense
InterestExpense
7200000 USD
CY2012 us-gaap Interest Paid
InterestPaid
2600000 USD
CY2013 us-gaap Interest Paid
InterestPaid
2500000 USD
CY2014 us-gaap Interest Paid
InterestPaid
6000000 USD
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50900000 USD
CY2014Q4 us-gaap Inventory Finished Goods Net Of Reserves
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40400000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
132800000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
108400000 USD
CY2013Q4 us-gaap Inventory Raw Materials Net Of Reserves
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39200000 USD
CY2014Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
35100000 USD
CY2013Q4 us-gaap Inventory Supplies Net Of Reserves
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18300000 USD
CY2014Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
15500000 USD
CY2013Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
24400000 USD
CY2014Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
17400000 USD
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5300000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5300000 USD
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
6100000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
665400000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
697600000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1226800000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1186600000 USD
CY2013Q4 us-gaap Liabilities Current
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146300000 USD
CY2014Q4 us-gaap Liabilities Current
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123500000 USD
CY2013Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
600000 USD
CY2014Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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100000 USD
CY2013Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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1800000 USD
CY2014Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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1800000 USD
CY2013Q4 us-gaap Long Term Debt
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385400000 USD
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
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4200000 USD
CY2014Q4 us-gaap Long Term Debt Current
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2900000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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0 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2900000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2800000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
428500000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2900000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3000000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
381200000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
437200000 USD
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CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
187300000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
151700000 USD
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
41700000 USD
CY2012 us-gaap Operating Expenses
OperatingExpenses
86400000 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
86500000 USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
99600000 USD
CY2014 us-gaap Number Of Operating Segments
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3 segment
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2014 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
174600000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
178100000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
165900000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
178100000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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175800000 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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166400000 USD
CY2012 us-gaap Net Income Loss
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79800000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
30100000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
26600000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
29100000 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-9700000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
76100000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
23200000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
25000000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
23000000 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
18500000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
89700000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
78700000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75500000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
88900000 USD
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1200000 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5700000 USD
CY2014 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
9300000 USD
CY2014Q4 us-gaap Number Of Countries In Which Entity Operates
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90 country
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
42100000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
41800000 USD
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
124900000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
33100000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
30500000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
25200000 USD
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
17300000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
106100000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
11400000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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2900000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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1500000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1600000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2100000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2800000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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500000 USD
CY2014Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
97500000 USD
CY2013Q4 us-gaap Other Accrued Liabilities Current
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43700000 USD
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
48900000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
4700000 USD
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
6100000 USD
CY2013Q4 us-gaap Other Assets Miscellaneous
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7100000 USD
CY2014Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
6000000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
31600000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
22600000 USD
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
8400000 USD
CY2014 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-9800000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
9900000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
5100000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-63000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
9700000 USD
CY2013 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
18900000 USD
CY2014 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-76100000 USD
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-2700000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-4900000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
-400000 USD
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-1800000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-6700000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-200000 USD
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-900000 USD
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
1800000 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-200000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
9900000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
4000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-63000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
9900000 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
4000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
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0 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
1100000 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9100000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
10400000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
12700000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-2500000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
-19800000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-13100000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
8300000 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1500000 USD
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-6700000 USD
CY2014 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
4400000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
1400000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-400000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-4600000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-5500000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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-4700000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1500000 USD
CY2012 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
600000 USD
CY2013 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
8500000 USD
CY2014 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-4600000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-400000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-7100000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-4800000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
28300000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
31400000 USD
CY2012 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-100000 USD
CY2013 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1000000 USD
CY2014 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
800000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">General</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of Business</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Schweitzer-Mauduit International, Inc., or SWM or the Company, is a multinational diversified producer of premium specialty papers and plastic nettings headquartered in the United States of America. The Company manufactures and sells paper and reconstituted tobacco products to the tobacco industry as well as specialized paper products for use in other applications. We manufacture lightweight specialty papers, which are used in manufacturing ventilated cigarettes, and banded papers for the production of lower ignition propensity, or LIP, cigarettes and are the leading independent producer of RTL used in producing blended cigarettes. We also manufacture resin-based plastic netting through an extrusion process, as well as certain meltblown products and machined plastic core tubes. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our primary products sold to the tobacco industry include cigarette, plug wrap and base tipping papers, or Cigarette Papers, used to wrap various parts of a cigarette and reconstituted tobacco leaf, or RTL, which is used as a blend with virgin tobacco in cigarettes, reconstituted tobacco wrappers and binders for cigars. These products are sold directly to the major tobacco companies or their designated converters in the Americas, Europe, Asia and elsewhere. Our non-tobacco industry products are a diverse mix of products that includes low volume, high-value engineered papers as well as commodity paper grades produced to maximize our machine utilization. In December 2013, we acquired DelStar, Inc. ("DelStar"), a manufacturer of plastic netting and other resin-based products focused on the filtration and medical markets. In December 2014, we acquired certain assets from Pronamic Industries, Inc., or Pronamic, and from Smith &amp; Nephew's, or SNN, Advanced Wound Management Division which have been incorporated into our Filtration operating segment.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We conduct business in over </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">90</font><font style="font-family:inherit;font-size:10pt;"> countries and operate </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">16</font><font style="font-family:inherit;font-size:10pt;"> production locations worldwide, with facilities in the United States, Canada, United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland. We also have a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50%</font><font style="font-family:inherit;font-size:10pt;"> equity interest in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">two</font><font style="font-family:inherit;font-size:10pt;"> joint ventures in China. The first, China Tobacco Mauduit (Jiangmen) Paper Industry Ltd., or CTM, produces cigarette and porous plug wrap papers and the second, which began operations in the third quarter of 2014, China Tobacco Schweitzer (Yunnan) Reconstituted Tobacco Co. Ltd., or CTS, which produces RTL.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As used in this 2014 Annual Report on Form 10-K, unless the context indicates otherwise, references to "we," "us," "our," "SWM," "Schweitzer-Mauduit" or similar terms include Schweitzer-Mauduit International, Inc. and its consolidated subsidiaries.</font></div></div>

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