$MEI
METHODE ELECTRONICS INC

2020 Q1 Form 10-Q Financial Statement

#000006527020000005 Filed on March 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1 2018 Q4
Revenue $285.9M $246.9M $264.0M
YoY Change 15.8% 8.29% 14.73%
Cost Of Revenue $206.6M $182.6M $193.2M
YoY Change 13.14% 8.76% 14.93%
Gross Profit $79.30M $64.30M $70.80M
YoY Change 23.33% 6.99% 14.19%
Gross Profit Margin 27.74% 26.04% 26.82%
Selling, General & Admin $33.00M $32.80M $48.00M
YoY Change 0.61% 45.78% 53.85%
% of Gross Profit 41.61% 51.01% 67.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.80M $6.700M $6.300M
YoY Change 225.37% -5.63% -13.7%
% of Gross Profit 27.49% 10.42% 8.9%
Operating Expenses $37.80M $32.80M $48.00M
YoY Change 15.24% 45.78% 53.85%
Operating Profit $41.50M $26.00M $19.10M
YoY Change 59.62% -26.97% -35.69%
Interest Expense -$2.400M -$3.200M -$1.600M
YoY Change -25.0% 966.67% 700.0%
% of Operating Profit -5.78% -12.31% -8.38%
Other Income/Expense, Net $4.900M $4.900M $100.0K
YoY Change 0.0% 28.95% -125.0%
Pretax Income $44.00M $27.70M $17.60M
YoY Change 58.84% -29.16% -39.52%
Income Tax $2.800M -$3.000M $3.000M
% Of Pretax Income 6.36% -10.83% 17.05%
Net Earnings $41.20M $30.70M $14.60M
YoY Change 34.2% -226.34% -39.67%
Net Earnings / Revenue 14.41% 12.43% 5.53%
Basic Earnings Per Share $0.82 $0.39
Diluted Earnings Per Share $1.090M $0.82 $0.39
COMMON SHARES
Basic Shares Outstanding 37.09M shares 37.41M shares 37.41M shares
Diluted Shares Outstanding 37.65M shares 37.67M shares

Balance Sheet

Concept 2020 Q1 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.90M $73.70M $110.9M
YoY Change 8.41% -75.76% -57.12%
Cash & Equivalents $79.90M $73.70M $110.9M
Short-Term Investments
Other Short-Term Assets $20.30M $22.50M $21.70M
YoY Change -9.78% 43.31% 36.48%
Inventory $126.1M $124.0M $118.3M
Prepaid Expenses
Receivables $227.9M $211.5M $229.8M
Other Receivables $9.700M $14.70M $10.40M
Total Short-Term Assets $463.9M $446.4M $491.1M
YoY Change 3.92% -26.25% -13.68%
LONG-TERM ASSETS
Property, Plant & Equipment $199.0M $189.1M $187.9M
YoY Change 5.24% 23.03% 48.07%
Goodwill $233.2M $236.8M $233.9M
YoY Change -1.52% 297.32% 250.15%
Intangibles $251.0M $267.6M $275.1M
YoY Change -6.2% 307.93% 386.04%
Long-Term Investments
YoY Change
Other Assets $818.4M $590.7M $591.5M
YoY Change 38.55% 194.17% 192.1%
Total Long-Term Assets $818.4M $779.8M $779.4M
YoY Change 4.95% 119.97% 136.61%
TOTAL ASSETS
Total Short-Term Assets $463.9M $446.4M $491.1M
Total Long-Term Assets $818.4M $779.8M $779.4M
Total Assets $1.282B $1.226B $1.271B
YoY Change 4.58% 27.76% 41.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.80M $88.60M $105.6M
YoY Change 0.23% 0.8% 6.34%
Accrued Expenses $48.30M $55.80M $54.50M
YoY Change -13.44% 18.47% 34.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $15.20M $15.30M
YoY Change -100.0% 424.14% 565.22%
Long-Term Debt Due $15.10M $15.20M $15.30M
YoY Change -0.66% 424.14% 565.22%
Total Short-Term Liabilities $163.6M $176.4M $192.2M
YoY Change -7.26% 17.37% 26.2%
LONG-TERM LIABILITIES
Long-Term Debt $241.9M $287.7M $342.3M
YoY Change -15.92% 148.02% 224.45%
Other Long-Term Liabilities $16.90M $6.700M $4.200M
YoY Change 152.24% -18.29% -49.4%
Total Long-Term Liabilities $345.8M $6.700M $4.200M
YoY Change 5061.19% -18.29% -49.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $163.6M $176.4M $192.2M
Total Long-Term Liabilities $345.8M $6.700M $4.200M
Total Liabilities $509.4M $552.1M $627.2M
YoY Change -7.73% 56.58% 115.16%
SHAREHOLDERS EQUITY
Retained Earnings $625.6M $526.7M $500.0M
YoY Change 18.78% 19.92% 6.97%
Common Stock $19.20M $19.20M $19.20M
YoY Change 0.0% 0.52% 0.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.50M $11.50M $11.50M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 1.347M shares 1.347M shares 1.347M shares
Shareholders Equity $772.9M $674.1M $643.3M
YoY Change
Total Liabilities & Shareholders Equity $1.282B $1.226B $1.271B
YoY Change 4.58% 27.76% 41.43%

Cashflow Statement

Concept 2020 Q1 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income $41.20M $30.70M $14.60M
YoY Change 34.2% -226.34% -39.67%
Depreciation, Depletion And Amortization $21.80M $6.700M $6.300M
YoY Change 225.37% -5.63% -13.7%
Cash From Operating Activities $14.80M $28.10M $16.20M
YoY Change -47.33% -32.94% -25.0%
INVESTING ACTIVITIES
Capital Expenditures -$8.100M -$8.400M -$10.40M
YoY Change -3.57% -55.79% 23.81%
Acquisitions
YoY Change
Other Investing Activities -$100.0K -$400.0K -$420.9M
YoY Change -75.0% 290.81%
Cash From Investing Activities -$8.200M -$8.800M -$431.3M
YoY Change -6.82% -53.68% 271.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.00M -58.80M 300.5M
YoY Change -60.88% -1018.75% 428.12%
NET CHANGE
Cash From Operating Activities 14.80M 28.10M 16.20M
Cash From Investing Activities -8.200M -8.800M -431.3M
Cash From Financing Activities -23.00M -58.80M 300.5M
Net Change In Cash -16.40M -39.50M -114.6M
YoY Change -58.48% -234.81% 204.79%
FREE CASH FLOW
Cash From Operating Activities $14.80M $28.10M $16.20M
Capital Expenditures -$8.100M -$8.400M -$10.40M
Free Cash Flow $22.90M $36.50M $26.60M
YoY Change -37.26% -40.07% -11.33%

Facts In Submission

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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3200000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
30700000 USD
CY2019Q1 us-gaap Dividends Cash
DividendsCash
4000000.0 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
674100000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
689700000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-400000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5600000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2800000 USD
us-gaap Net Income Loss
NetIncomeLoss
93300000 USD
us-gaap Dividends Cash
DividendsCash
12500000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
772900000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
630000000.0 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1700000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11800000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-22400000 USD
us-gaap Net Income Loss
NetIncomeLoss
69000000.0 USD
us-gaap Dividends Cash
DividendsCash
12700000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
674100000 USD
us-gaap Net Income Loss
NetIncomeLoss
93300000 USD
us-gaap Net Income Loss
NetIncomeLoss
69000000.0 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36000000.0 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30600000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5600000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
11700000 USD
mei Changein Cash Surrender Valueof Life Insurance
ChangeinCashSurrenderValueofLifeInsurance
600000 USD
mei Gain Losson Saleof Business Investmentand Property
GainLossonSaleofBusinessInvestmentandProperty
400000 USD
mei Gain Losson Saleof Business Investmentand Property
GainLossonSaleofBusinessInvestmentandProperty
600000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-300000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
400000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
10500000 USD
mei Changein Cash Surrender Valueof Life Insurance
ChangeinCashSurrenderValueofLifeInsurance
200000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
500000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
300000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-12200000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9900000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10900000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
12800000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
16500000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-18900000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-30900000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
82600000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
64300000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
34900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37000000.0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
421600000 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
500000 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
300000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-34400000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-458300000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
400000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1700000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
500000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12200000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12700000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
57300000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
350000000.0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
93900000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
103300000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-49700000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
232300000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1800000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-10700000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3300000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-172400000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
83200000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5300000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4100000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8100000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
246100000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
79900000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
73700000 USD
us-gaap Interest Paid Net
InterestPaidNet
7600000 USD
us-gaap Interest Paid Net
InterestPaidNet
5600000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
16200000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18700000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and the accompanying notes. Actual results could differ from these estimates.</span></div>
CY2020Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
900000 USD
CY2019Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
800000 USD
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
-800000 USD
us-gaap Contract With Customer Asset Credit Loss Expense
ContractWithCustomerAssetCreditLossExpense
0 USD
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
300000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
100000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
285900000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
285900000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
246900000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
246900000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
813300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
813300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
734300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
734300000 USD
CY2020Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
800000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
2300000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
7100000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
300000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
700000 USD
us-gaap Lease Cost
LeaseCost
2600000 USD
us-gaap Lease Cost
LeaseCost
7800000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
6500000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5700000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M18D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0470
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2200000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
6500000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5900000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
32100000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4200000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
27900000 USD
CY2019Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1900000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
5000000.0 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
7800000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
5600000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4900000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
4200000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
3300000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
8400000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
34200000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
805700000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
92100000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
44000000.0 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
27700000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
108600000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
73500000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2800000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3000000.0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4500000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.064
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.104
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.141
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.061
CY2020Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5100000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3100000 USD
CY2020Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
75900000 USD
CY2019Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
67100000 USD
CY2020Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
11300000 USD
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
9400000 USD
CY2020Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
38900000 USD
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
40200000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
126100000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
116700000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
497900000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
475600000 USD
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
298900000 USD
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
283700000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
199000000.0 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
191900000 USD
us-gaap Depreciation
Depreciation
7500000 USD
CY2019Q1 us-gaap Depreciation
Depreciation
6700000 USD
us-gaap Depreciation
Depreciation
21700000 USD
us-gaap Depreciation
Depreciation
19500000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2000000.0 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6400000 USD
CY2020Q1 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned
39900000 USD
CY2019Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned
32800000 USD
CY2020Q1 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsOwned
15900000 USD
CY2019Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsOwned
15000000.0 USD
mei Grant Income
GrantIncome
5600000 USD
mei Grant Income
GrantIncome
5700000 USD
CY2020Q1 us-gaap Grants Receivable
GrantsReceivable
14400000 USD
CY2019Q2 us-gaap Grants Receivable
GrantsReceivable
10600000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
233200000 USD
CY2019Q2 us-gaap Goodwill
Goodwill
233300000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
320400000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
71200000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
249200000 USD
CY2020Q1 mei Indefinitelived Intangible Assets Excluding Goodwill Gross
IndefinitelivedIntangibleAssetsExcludingGoodwillGross
1800000 USD
CY2020Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1800000 USD
CY2020Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
322200000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
71200000 USD
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
251000000.0 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
320000000.0 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
56900000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
263100000 USD
CY2019Q2 mei Indefinitelived Intangible Assets Excluding Goodwill Gross
IndefinitelivedIntangibleAssetsExcludingGoodwillGross
1800000 USD
CY2019Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
1800000 USD
CY2019Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
321800000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
56900000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
264900000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
4800000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
19000000.0 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
19000000.0 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
19000000.0 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
18600000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
168800000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
249200000 USD
CY2020Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2400000 USD
CY2019Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2900000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
257000000.0 USD
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
292600000 USD
CY2020Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
15100000 USD
CY2019Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
15700000 USD
CY2020Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
241900000 USD
CY2019Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
276900000 USD
us-gaap Net Income Loss
NetIncomeLoss
41200000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
30700000 USD
us-gaap Net Income Loss
NetIncomeLoss
93300000 USD
us-gaap Net Income Loss
NetIncomeLoss
69000000.0 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37587742 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37405550 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37570423 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37387181 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
166229 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
248700 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
150093 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
250289 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37753971 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37654250 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37720516 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37637470 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.10
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.09
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.83
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
285900000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
41500000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2400000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4900000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
44000000.0 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
246900000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
26000000.0 USD
CY2019Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3200000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4900000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
27700000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
813300000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
110800000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-8000000.0 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5800000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
108600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
734300000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
73800000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5000000.0 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4700000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
73500000 USD

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