2017 Q4 Form 10-K Financial Statement

#000100062318000044 Filed on March 01, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 2016 Q4
Revenue $235.7M $982.1M $198.7M
YoY Change 18.62% 16.93% -5.29%
Cost Of Revenue $698.7M
YoY Change 20.05%
Gross Profit $67.10M $283.4M $63.20M
YoY Change 6.17% 9.89% -3.95%
Gross Profit Margin 28.47% 28.86% 31.81%
Selling, General & Admin $129.2M
YoY Change 23.28%
% of Gross Profit 45.59%
Research & Development $17.80M
YoY Change 1.71%
% of Gross Profit 6.28%
Depreciation & Amortization $59.50M
YoY Change 33.71%
% of Gross Profit 21.0%
Operating Expenses $147.0M
YoY Change 20.2%
Operating Profit $21.10M $128.3M $6.200M
YoY Change 240.32% 16.64% -74.9%
Interest Expense $26.90M
YoY Change 62.05%
% of Operating Profit 20.97%
Other Income/Expense, Net $100.0K
YoY Change
Pretax Income $42.60M
YoY Change 53.79%
Income Tax $69.60M
% Of Pretax Income 163.38%
Net Earnings -$27.30M $34.50M $17.00M
YoY Change -260.59% -58.33% -21.66%
Net Earnings / Revenue -11.58% 3.51% 8.56%
Basic Earnings Per Share -$0.90 $1.12 $0.55
Diluted Earnings Per Share -$0.89 $1.12 $0.55
COMMON SHARES
Basic Shares Outstanding 30.72M shares 30.41M shares 30.54M shares
Diluted Shares Outstanding 30.55M shares

Balance Sheet

Concept 2017 Q4 2017 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.9M
YoY Change -0.47%
Cash & Equivalents $106.9M $106.9M $107.4M
Short-Term Investments
Other Short-Term Assets $5.400M $23.00M $5.100M
YoY Change 5.88% -1.71% 10.87%
Inventory $155.2M $155.2M $119.4M
Prepaid Expenses
Receivables $149.4M $119.2M $115.1M
Other Receivables $28.80M
Total Short-Term Assets $433.1M $433.1M $364.3M
YoY Change 18.89% 18.89% -18.1%
LONG-TERM ASSETS
Property, Plant & Equipment $361.9M $361.9M $307.4M
YoY Change 17.73% 17.73% -0.23%
Goodwill $341.3M $229.5M
YoY Change 48.71% -1.63%
Intangibles $297.2M $177.5M
YoY Change 67.44% -17.02%
Long-Term Investments $68.50M $68.50M $63.80M
YoY Change 7.37% 7.37% -5.48%
Other Assets $39.50M $30.70M $27.50M
YoY Change 43.64% 26.34% 23.32%
Total Long-Term Assets $1.109B $1.109B $809.4M
YoY Change 37.06% 37.06% -4.24%
TOTAL ASSETS
Total Short-Term Assets $433.1M $433.1M $364.3M
Total Long-Term Assets $1.109B $1.109B $809.4M
Total Assets $1.543B $1.543B $1.174B
YoY Change 31.42% 31.42% -9.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.40M $59.40M $50.30M
YoY Change 18.09% 18.09% 2.65%
Accrued Expenses $78.60M $78.40M $77.20M
YoY Change 1.81% 3.98% -9.71%
Deferred Revenue
YoY Change
Short-Term Debt $1.500M $0.00 $0.00
YoY Change
Long-Term Debt Due $5.100M $5.100M $3.000M
YoY Change 70.0% 70.0% -9.09%
Total Short-Term Liabilities $147.1M $147.1M $135.8M
YoY Change 8.32% 8.32% -5.1%
LONG-TERM LIABILITIES
Long-Term Debt $679.1M $679.1M $437.4M
YoY Change 55.26% 55.26% -23.02%
Other Long-Term Liabilities $59.90M $127.3M $29.30M
YoY Change 104.44% 104.01% -8.44%
Total Long-Term Liabilities $739.0M $806.4M $466.7M
YoY Change 58.35% 61.34% -22.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $147.1M $147.1M $135.8M
Total Long-Term Liabilities $739.0M $806.4M $466.7M
Total Liabilities $995.8M $995.8M $665.4M
YoY Change 49.65% 49.65% -19.06%
SHAREHOLDERS EQUITY
Retained Earnings $566.7M $585.3M
YoY Change -3.18% 5.92%
Common Stock $3.100M $3.100M
YoY Change 0.0% 3.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $546.7M $546.7M $508.3M
YoY Change
Total Liabilities & Shareholders Equity $1.543B $1.543B $1.174B
YoY Change 31.42% 31.42% -9.02%

Cashflow Statement

Concept 2017 Q4 2017 2016 Q4
OPERATING ACTIVITIES
Net Income -$27.30M $34.50M $17.00M
YoY Change -260.59% -58.33% -21.66%
Depreciation, Depletion And Amortization $59.50M
YoY Change 33.71%
Cash From Operating Activities $131.0M
YoY Change 1.0%
INVESTING ACTIVITIES
Capital Expenditures $37.20M
YoY Change 33.81%
Acquisitions $291.7M
YoY Change
Other Investing Activities -$6.900M
YoY Change -15.85%
Cash From Investing Activities -$318.5M
YoY Change 1321.88%
FINANCING ACTIVITIES
Cash Dividend Paid $51.90M
YoY Change 5.06%
Common Stock Issuance & Retirement, Net $1.200M
YoY Change 71.43%
Debt Paid & Issued, Net $208.8M
YoY Change 22.11%
Cash From Financing Activities $179.5M
YoY Change -196.66%
NET CHANGE
Cash From Operating Activities $131.0M
Cash From Investing Activities -$318.5M
Cash From Financing Activities $179.5M
Net Change In Cash -$500.0K
YoY Change -99.36%
FREE CASH FLOW
Cash From Operating Activities $131.0M
Capital Expenditures $37.20M
Free Cash Flow $93.80M
YoY Change -7.95%

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CY2017Q4 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
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200000 USD
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5800000 USD
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CY2015 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2017 us-gaap Deferred Income Tax Expense Benefit
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1600000 USD
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1600000 USD
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100000 USD
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CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
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2900000 USD
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73600000 USD
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2300000 USD
CY2017Q4 us-gaap Deferred Tax Assets Inventory
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700000 USD
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13100000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
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10700000 USD
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3700000 USD
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1000000 USD
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100000 USD
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4700000 USD
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20000000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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15900000 USD
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200000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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400000 USD
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3900000 USD
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3800000 USD
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CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
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26100000 USD
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41300000 USD
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0 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
1300000 USD
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4100000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Investment In Noncontrolled Affiliates
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9800000 USD
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29800000 USD
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42300000 USD
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700000 USD
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400000 USD
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34400000 USD
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40500000 USD
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0 USD
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4600000 USD
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2500000 USD
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2500000 USD
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3600000 USD
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30700000 USD
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29400000 USD
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41000000 USD
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44500000 USD
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59500000 USD
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6800000 USD
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14400000 USD
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0 USD
CY2017 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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100000 USD
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100000 USD
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0 USD
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0 USD
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700000 USD
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0 USD
CY2017 us-gaap Disposal Group Including Discontinued Operation Other Income
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100000 USD
CY2015 us-gaap Disposal Group Including Discontinued Operation Revenue
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0 USD
CY2016 us-gaap Disposal Group Including Discontinued Operation Revenue
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0 USD
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0 USD
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200000 USD
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300000 USD
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400000 USD
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49400000 USD
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51900000 USD
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0.62
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0.55
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2.71
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0.45
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0.73
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0.84
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1.12
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2.94
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0.69
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0.85
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0.61
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0.55
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2.70
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0.45
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0.72
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0.84
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1.12
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-27200000 USD
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-700000 USD
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7500000 USD
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0.205
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0.165
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0.686
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0.35
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0.35
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0.35
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0.013
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0.037
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-0.028
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-0.154
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-0.096
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0.007
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-0.001
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0.011
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-0.027
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0.026
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0.014
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0.010
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0.023
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0.000
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-0.075
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CY2016Q4 us-gaap Employee Related Liabilities Current
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39200000 USD
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46900000 USD
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3900000 USD
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3000000 USD
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1800000 USD
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118600000 USD
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112400000 USD
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69600000 USD
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
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64800000 USD
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128700000 USD
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138200000 USD
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42700000 USD
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36500000 USD
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28800000 USD
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13200000 USD
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9500000 USD
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4900000 USD
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201700000 USD
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
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205300000 USD
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122000000 USD
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114700000 USD
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122000000 USD
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107500000 USD
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105000000 USD
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68500000 USD
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500000 USD
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CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
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31100000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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42000000 USD
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20700000 USD
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20200000 USD
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20300000 USD
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20300000 USD
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20600000 USD
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220100000 USD
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337400000 USD
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164500000 USD
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276800000 USD
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800000 USD
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-200000 USD
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-3500000 USD
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4300000 USD
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1800000 USD
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0 USD
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0 USD
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0 USD
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4900000 USD
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70600000 USD
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82200000 USD
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98400000 USD
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106200000 USD
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-3600000 USD
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5600000 USD
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224400000 USD
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63500000 USD
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66900000 USD
CY2016Q3 us-gaap Gross Profit
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63100000 USD
CY2016Q4 us-gaap Gross Profit
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63200000 USD
CY2016 us-gaap Gross Profit
GrossProfit
256700000 USD
CY2017Q1 us-gaap Gross Profit
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63100000 USD
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76600000 USD
CY2017Q3 us-gaap Gross Profit
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75800000 USD
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66800000 USD
CY2017 us-gaap Gross Profit
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282300000 USD
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90500000 USD
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21100000 USD
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26000000 USD
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18700000 USD
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17000000 USD
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82800000 USD
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13700000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations
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22300000 USD
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25700000 USD
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CY2017 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
34400000 USD
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41600000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
27700000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
42600000 USD
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
63900000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
65700000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
58900000 USD
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105500000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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93400000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
101500000 USD
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.97
CY2016Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.69
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.85
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.62
CY2016Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.55
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.71
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.45
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.73
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.84
CY2017Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.90
CY2017 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.12
CY2016Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.69
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.96
CY2016Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.85
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.61
CY2016Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.55
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.70
CY2017Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.45
CY2017Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.72
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.84
CY2017Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.89
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.12
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-800000 USD
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2016Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
100000 USD
CY2017Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
100000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.02
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2016Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2017Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.02
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2016Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2016Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2017Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2017Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2017Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6600000 USD
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4800000 USD
CY2017 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2500000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21600000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15400000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
69600000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1400000 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3500000 USD
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-2800000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-16200000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-9000000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
700000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
36900000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
32600000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
35600000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-100000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1300000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-3800000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1100000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2500000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2700000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
1500000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
900000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
2400000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
0 USD
CY2016 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
-7000000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
-11800000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9300000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
31900000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
38100000 USD
CY2016Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
0 USD
CY2017Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
3400000 USD
CY2015 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
18000000 USD
CY2016 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-3100000 USD
CY2017 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
900000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6500000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3700000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4700000 USD
CY2015 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
18200000 USD
CY2016 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-3800000 USD
CY2017 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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CY2015 us-gaap Increase Decrease In Accrued Liabilities
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3700000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
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800000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
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-3000000 USD
CY2015 us-gaap Increase Decrease In Inventory For Long Term Contracts Or Programs
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-1300000 USD
CY2016 us-gaap Increase Decrease In Inventory For Long Term Contracts Or Programs
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6900000 USD
CY2017 us-gaap Increase Decrease In Inventory For Long Term Contracts Or Programs
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6400000 USD
CY2015 us-gaap Increase Decrease In Operating Capital
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CY2016 us-gaap Increase Decrease In Operating Capital
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11000000 USD
CY2017 us-gaap Increase Decrease In Operating Capital
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11900000 USD
CY2015 us-gaap Increase Decrease In Prepaid Expense
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-1100000 USD
CY2016 us-gaap Increase Decrease In Prepaid Expense
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500000 USD
CY2017 us-gaap Increase Decrease In Prepaid Expense
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-800000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
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177500000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
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297200000 USD
CY2015 us-gaap Interest Expense
InterestExpense
9700000 USD
CY2016 us-gaap Interest Expense
InterestExpense
16600000 USD
CY2017 us-gaap Interest Expense
InterestExpense
26900000 USD
CY2015 us-gaap Interest Paid
InterestPaid
7800000 USD
CY2016 us-gaap Interest Paid
InterestPaid
13300000 USD
CY2017 us-gaap Interest Paid
InterestPaid
22700000 USD
CY2016Q4 us-gaap Inventory Finished Goods Net Of Reserves
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44900000 USD
CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
74200000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
119400000 USD
CY2017Q4 us-gaap Inventory Net
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155200000 USD
CY2016Q4 us-gaap Inventory Noncurrent
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6000000 USD
CY2017Q4 us-gaap Inventory Noncurrent
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7000000 USD
CY2016Q4 us-gaap Inventory Raw Materials Net Of Reserves
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40900000 USD
CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
50400000 USD
CY2016Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
9700000 USD
CY2017Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
9300000 USD
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
23900000 USD
CY2017Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
21300000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
6800000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
6900000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
6400000 USD
CY2016Q4 us-gaap Liabilities
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665400000 USD
CY2017Q4 us-gaap Liabilities
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995800000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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1173700000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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1542500000 USD
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135800000 USD
CY2017Q4 us-gaap Liabilities Current
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147100000 USD
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1800000 USD
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900000 USD
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2400000 USD
CY2017Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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1000000 USD
CY2017Q4 us-gaap Long Term Debt
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690000000 USD
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3000000 USD
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5100000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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2900000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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6900000 USD
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236000000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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4400000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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434600000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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5200000 USD
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437400000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
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679100000 USD
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92400000 USD
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179500000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
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CY2016 us-gaap Net Cash Provided By Used In Investing Activities
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CY2015 us-gaap Net Cash Provided By Used In Operating Activities
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144700000 USD
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129700000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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131000000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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144600000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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129700000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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130900000 USD
CY2015 us-gaap Net Income Loss
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89700000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
21100000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
26000000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
18700000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
17000000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
82800000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
13700000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
22300000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
25800000 USD
CY2017Q4 us-gaap Net Income Loss
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CY2017 us-gaap Net Income Loss
NetIncomeLoss
34500000 USD
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
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89200000 USD
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
82300000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
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34100000 USD
CY2015Q4 us-gaap Noncurrent Assets
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CY2016Q4 us-gaap Noncurrent Assets
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CY2017Q4 us-gaap Noncurrent Assets
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369300000 USD
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12200000 USD
CY2016 us-gaap Nonoperating Income Expense
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3900000 USD
CY2017 us-gaap Nonoperating Income Expense
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3700000 USD
CY2017Q4 us-gaap Number Of Countries In Which Entity Operates
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90 country
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2 segment
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2 segment
CY2017 us-gaap Number Of Reportable Segments
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2 segment
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106800000 USD
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OperatingExpenses
125000000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
149500000 USD
CY2015 us-gaap Operating Income Loss
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103000000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
31600000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
37500000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
30800000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
6200000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
106100000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
26600000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
39500000 USD
CY2017Q3 us-gaap Operating Income Loss
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38500000 USD
CY2017Q4 us-gaap Operating Income Loss
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20100000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
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6200000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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3700000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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4200000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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4800000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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5200000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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9700000 USD
CY2017Q4 us-gaap Operating Loss Carryforwards
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92800000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
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38000000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
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31700000 USD
CY2015 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
6700000 USD
CY2016 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
21300000 USD
CY2017 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
4600000 USD
CY2016Q4 us-gaap Other Assets Current
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5100000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
5400000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous
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4300000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous
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5900000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
27500000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
39500000 USD
CY2015 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2016 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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-4300000 USD
CY2017 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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8300000 USD
CY2015 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-54400000 USD
CY2016 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-16700000 USD
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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36000000 USD
CY2015 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-66100000 USD
CY2016 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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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, headquartered in the United States of America, is a multinational diversified producer of highly engineered solutions and advanced materials for a variety of industries. The Company maintains </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> operating product line segments: Advanced Materials and Structures and Engineered Papers.</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;">The Advanced Materials &amp; Structures segment, or AMS, produces mostly resin-based rolled goods such as nets, films and meltblown materials, typically through an extrusion process or other non-woven technologies. These products are used in a variety of specialty applications across the filtration, construction and infrastructure, transportation, industrial and medical end-markets. As discussed more fully in Note </font><font style="font-family:inherit;font-size:10pt;">3</font><font style="font-family:inherit;font-size:10pt;">. Business Acquisitions, in January 2017, the Company completed the acquisition of Conwed Plastics LLC, a Delaware limited liability company, and its Belgian subsidiary ("Conwed NV" and collectively with Conwed Plastic LLC, &#8220;Conwed&#8221;), which has been integrated into the AMS 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;">The Engineered Papers segment, or EP, primarily serves the tobacco industry with production of various cigarette papers and reconstituted tobacco products, or "recon". Traditional reconstituted tobacco leaf, or "RTL", is used as a blend with virgin tobacco in cigarettes and used as wrappers and binders for cigars. Recon, as well as LIP (low ignition propensity) cigarette paper, a specialty product with fire-safety features, are two key profit drivers, which together account for more than half of segment net sales. The EP segment also produces non-tobacco papers for both premium applications, such as energy storage, and industrial commodity paper grades, which are often produced to maximize machine utilization.</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;">90</font><font style="font-family:inherit;font-size:10pt;"> countries and operate </font><font style="font-family:inherit;font-size:10pt;">23</font><font style="font-family:inherit;font-size:10pt;"> production locations worldwide, with facilities in the U.S., Canada, United Kingdom, France, Luxembourg, Belgium, Russia, Brazil, China and Poland. We also have a </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> equity interest in </font><font style="font-family:inherit;font-size:10pt;">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, China Tobacco Schweitzer (Yunnan) Reconstituted Tobacco Co. Ltd., or CTS, 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 </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> 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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