$MEI
METHODE ELECTRONICS INC

2023 Q4 Form 10-Q Financial Statement

#000095017023068796 Filed on December 07, 2023

View on sec.gov

Income Statement

Concept 2023 Q4
Revenue $288.0M
YoY Change -8.83%
Cost Of Revenue $235.7M
YoY Change -2.52%
Gross Profit $52.30M
YoY Change -29.42%
Gross Profit Margin 18.16%
Selling, General & Admin $40.90M
YoY Change 11.75%
% of Gross Profit 78.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.200M
YoY Change 9.33%
% of Gross Profit 15.68%
Operating Expenses $40.90M
YoY Change 11.75%
Operating Profit -$51.30M
YoY Change -256.4%
Interest Expense -$4.400M
YoY Change -1200.0%
% of Operating Profit
Other Income/Expense, Net $200.0K
YoY Change -81.82%
Pretax Income -$55.50M
YoY Change -266.17%
Income Tax -$200.0K
% Of Pretax Income
Net Earnings -$55.30M
YoY Change -300.36%
Net Earnings / Revenue -19.2%
Basic Earnings Per Share -$1.55
Diluted Earnings Per Share -$1.55
COMMON SHARES
Basic Shares Outstanding 35.67M
Diluted Shares Outstanding 35.67M

Balance Sheet

Concept 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $122.5M
YoY Change -5.48%
Cash & Equivalents $122.5M
Short-Term Investments
Other Short-Term Assets $21.10M
YoY Change -40.23%
Inventory $183.9M
Prepaid Expenses
Receivables $292.3M
Other Receivables $16.70M
Total Short-Term Assets $636.5M
YoY Change -3.33%
LONG-TERM ASSETS
Property, Plant & Equipment $224.6M
YoY Change 18.46%
Goodwill $220.7M
YoY Change -4.46%
Intangibles $264.7M
YoY Change 34.57%
Long-Term Investments
YoY Change
Other Assets $848.4M
YoY Change 15.29%
Total Long-Term Assets $848.4M
YoY Change 15.29%
TOTAL ASSETS
Total Short-Term Assets $636.5M
Total Long-Term Assets $848.4M
Total Assets $1.485B
YoY Change 6.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $133.5M
YoY Change 7.23%
Accrued Expenses $74.30M
YoY Change 10.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $3.000M
YoY Change -76.92%
Total Short-Term Liabilities $218.3M
YoY Change 2.49%
LONG-TERM LIABILITIES
Long-Term Debt $329.0M
YoY Change 72.25%
Other Long-Term Liabilities $16.50M
YoY Change 7.14%
Total Long-Term Liabilities $421.7M
YoY Change 49.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $218.3M
Total Long-Term Liabilities $421.7M
Total Liabilities $640.0M
YoY Change 29.16%
SHAREHOLDERS EQUITY
Retained Earnings $697.0M
YoY Change -9.62%
Common Stock $18.50M
YoY Change -1.07%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.50M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $844.9M
YoY Change
Total Liabilities & Shareholders Equity $1.485B
YoY Change 6.5%

Cashflow Statement

Concept 2023 Q4
OPERATING ACTIVITIES
Net Income -$55.30M
YoY Change -300.36%
Depreciation, Depletion And Amortization $8.200M
YoY Change 9.33%
Cash From Operating Activities -$600.0K
YoY Change -103.9%
INVESTING ACTIVITIES
Capital Expenditures $10.70M
YoY Change -227.38%
Acquisitions
YoY Change
Other Investing Activities $2.200M
YoY Change -37.14%
Cash From Investing Activities -$8.500M
YoY Change 73.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.60M
YoY Change -62.01%
NET CHANGE
Cash From Operating Activities -600.0K
Cash From Investing Activities -8.500M
Cash From Financing Activities -10.60M
Net Change In Cash -19.70M
YoY Change 13.22%
FREE CASH FLOW
Cash From Operating Activities -$600.0K
Capital Expenditures $10.70M
Free Cash Flow -$11.30M
YoY Change -147.48%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--04-27
dei Document Fiscal Period Focus
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dei Entity Central Index Key
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dei Document Fiscal Year Focus
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dei Document Type
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dei Document Quarterly Report
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dei Document Period End Date
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2023-10-28
dei Document Transition Report
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dei Entity File Number
EntityFileNumber
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dei Entity Registrant Name
EntityRegistrantName
METHODE ELECTRONICS, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
36-2090085
dei Entity Address Address Line1
EntityAddressAddressLine1
8750 West Bryn Mawr Avenue
dei Entity Address Address Line2
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Suite 1000
dei Entity Address City Or Town
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Chicago
dei Entity Address State Or Province
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IL
dei Entity Address Postal Zip Code
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dei City Area Code
CityAreaCode
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dei Local Phone Number
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dei Security12b Title
Security12bTitle
Common Stock, $0.50 Par Value
dei Trading Symbol
TradingSymbol
MEI
dei Security Exchange Name
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2900000
us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Dividends
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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us-gaap Stock Repurchased During Period Value
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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5700000
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us-gaap Dividends
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us-gaap Net Income Loss
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49100000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Share Based Compensation
ShareBasedCompensation
3900000
us-gaap Share Based Compensation
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mei Changein Cash Surrender Valueof Life Insurance
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mei Changein Cash Surrender Valueof Life Insurance
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200000
us-gaap Amortization Of Financing Costs
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400000
us-gaap Amortization Of Financing Costs
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Impairment Of Long Lived Assets Held For Use
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us-gaap Impairment Of Long Lived Assets Held For Use
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us-gaap Goodwill Impairment Loss
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56500000
us-gaap Increase Decrease In Deferred Income Taxes
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us-gaap Increase Decrease In Deferred Income Taxes
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Inventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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10800000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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21500000
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Proceeds From Sales Of Assets Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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500000
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us-gaap Finance Lease Principal Payments
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200000
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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us-gaap Proceeds From Lines Of Credit
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
157000000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
172000000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122500000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
129600000
us-gaap Interest Paid Net
InterestPaidNet
6700000
us-gaap Interest Paid Net
InterestPaidNet
1400000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
14500000
us-gaap Income Taxes Paid Net
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12500000
us-gaap Operating Lease Payments
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4500000
us-gaap Operating Lease Payments
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4000000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2023Q4 us-gaap Unrecognized Tax Benefits
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4600000
CY2023Q2 us-gaap Unrecognized Tax Benefits
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4500000
CY2023Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
300000
CY2023Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
200000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
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1500000
us-gaap Fiscal Period
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<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Financial reporting periods</span></p><p style="text-indent:4%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company maintains its financial records on the basis of a 52- or 53-week fiscal year ending on the Saturday closest to April 30. The three months ended October 28, 2023 and October 29, 2022</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> were both </span><span style="font-size:10pt;font-family:Times New Roman;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">13</span></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">-week periods and the six months ended </span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">October 28, 2023 and October 29, 2022</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> were both </span><span style="font-size:10pt;font-family:Times New Roman;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">26</span></span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">-week periods.</span></p>
CY2023Q4 us-gaap Fiscal Period Duration
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P91D
CY2022Q4 us-gaap Fiscal Period Duration
FiscalPeriodDuration
P91D
us-gaap Fiscal Period Duration
FiscalPeriodDuration
P182D
us-gaap Fiscal Period Duration
FiscalPeriodDuration
P182D
us-gaap Use Of Estimates
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<p style="font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of estimates</span></p><p style="text-indent:4%;font-size:10pt;margin-top:6pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">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. These estimates and assumptions are subject to an inherent degree of uncertainty and may change, as new events occur, and additional information is obtained. As a result, actual results may differ from previously estimated amounts, and such differences may be material to the condensed consolidated financial statements.</span></p>
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
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44500000
CY2023Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
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36100000
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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315900000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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577700000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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598300000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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598300000
CY2023Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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33400000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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59300000
CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5800000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10200000
CY2023Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.004
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.174
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002
us-gaap Effective Income Tax Rate Continuing Operations
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0.172
CY2023Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
47300000
CY2023Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
36600000
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
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17700000
CY2023Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
14400000
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2023Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
108700000
CY2023Q4 us-gaap Inventory Net
InventoryNet
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CY2023Q2 us-gaap Inventory Net
InventoryNet
159700000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
561900000
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
556700000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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337300000
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
336400000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2023Q4 us-gaap Depreciation
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8200000
CY2022Q4 us-gaap Depreciation
Depreciation
7500000
us-gaap Depreciation
Depreciation
16500000
us-gaap Depreciation
Depreciation
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4500000
CY2023Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsOwned
15600000
CY2023Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsOwned
12200000
CY2023Q2 us-gaap Goodwill
Goodwill
301900000
us-gaap Goodwill Period Increase Decrease
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21800000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
56500000
us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2023Q4 us-gaap Goodwill
Goodwill
220700000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
56500000
CY2023Q4 us-gaap Goodwill Impairment Loss
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56500000
CY2023Q4 us-gaap Goodwill
Goodwill
220700000
CY2023Q2 us-gaap Goodwill
Goodwill
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CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
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377600000
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
114700000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
262900000
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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379400000
CY2023Q4 mei Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
114700000
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
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358300000
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
103400000
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
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CY2023Q2 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2023Q2 mei Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
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CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
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CY2023Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent
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700000
CY2022Q4 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent
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2100000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax Parent
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4100000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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11800000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
23100000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
22200000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
21600000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
19300000
CY2023Q4 mei Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
164900000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
262900000
CY2023Q4 us-gaap Derivative Notional Amount
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60000000
CY2023Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
54800000
us-gaap Derivative Maturity Dates
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2023-08-31
CY2023Q4 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
400000
CY2022Q4 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
600000
us-gaap Derivative Gain Loss On Derivative Net
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1100000
us-gaap Derivative Gain Loss On Derivative Net
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900000
CY2023Q4 mei Euro Denominated Long Term Borrowings Under Credit Agreement As Hedge
EuroDenominatedLongTermBorrowingsUnderCreditAgreementAsHedge
290600000
CY2023Q4 mei Transaction Gain Loss Associated With Net Investment Hedge Reported In Aoci
TransactionGainLossAssociatedWithNetInvestmentHedgeReportedInAoci
7500000
mei Transaction Gain Loss Associated With Net Investment Hedge Reported In Aoci
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7300000
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
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3000000.0
CY2023Q2 us-gaap Unamortized Debt Issuance Expense
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3300000
CY2023Q4 us-gaap Long Term Debt
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332000000.0
CY2023Q2 us-gaap Long Term Debt
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306800000
CY2023Q4 us-gaap Long Term Debt Current
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3000000.0
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
3200000
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
329000000
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
303600000
CY2023Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
322779
CY2022Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
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us-gaap Stock Repurchased During Period Shares
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322779
us-gaap Stock Repurchased During Period Shares
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825814
CY2023Q4 us-gaap Treasury Stock Acquired Average Cost Per Share
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24.03
CY2022Q4 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
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us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
24.03
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
38.21
CY2023Q4 us-gaap Stock Repurchased During Period Value
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CY2022Q4 us-gaap Stock Repurchased During Period Value
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19700000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
7800000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
31600000
CY2023Q4 mei Number Of Shares Repurchased
NumberOfSharesRepurchased
3113154
CY2023Q4 mei Cost Of Repurchased Shares
CostOfRepurchasedShares
127100000
CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
72900000
CY2023Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4800000
CY2022Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4900000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10100000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9900000
CY2023Q4 us-gaap Other Comprehensive Income Loss Before Tax
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us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-21800000
CY2023Q4 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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