$MEI
METHODE ELECTRONICS INC

2020 Q2 Form 10-K Financial Statement

#000156459020031145 Filed on June 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $210.6M $266.0M $246.9M
YoY Change -20.83% 6.83% 8.29%
Cost Of Revenue $151.4M $195.4M $182.6M
YoY Change -22.52% 4.44% 8.76%
Gross Profit $59.20M $70.60M $64.30M
YoY Change -16.15% 14.05% 6.99%
Gross Profit Margin 28.11% 26.54% 26.04%
Selling, General & Admin $18.20M $32.50M $32.80M
YoY Change -44.0% 0.31% 45.78%
% of Gross Profit 30.74% 46.03% 51.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.30M $12.70M $6.700M
YoY Change -3.15% 56.79% -5.63%
% of Gross Profit 20.78% 17.99% 10.42%
Operating Expenses $22.90M $37.50M $32.80M
YoY Change -38.93% 9.33% 45.78%
Operating Profit $36.30M $33.10M $26.00M
YoY Change 9.67% 19.93% -26.97%
Interest Expense -$4.700M -$3.300M -$3.200M
YoY Change 42.42% 450.0% 966.67%
% of Operating Profit -12.95% -9.97% -12.31%
Other Income/Expense, Net $8.500M $400.0K $4.900M
YoY Change 2025.0% -89.47% 28.95%
Pretax Income $40.10M $30.10M $27.70M
YoY Change 33.22% -2.27% -29.16%
Income Tax $10.00M $7.500M -$3.000M
% Of Pretax Income 24.94% 24.92% -10.83%
Net Earnings $30.10M $22.60M $30.70M
YoY Change 33.19% -38.59% -226.34%
Net Earnings / Revenue 14.29% 8.5% 12.43%
Basic Earnings Per Share $0.80 $0.61 $0.82
Diluted Earnings Per Share $0.79 $0.60 $0.82
COMMON SHARES
Basic Shares Outstanding 37.16M 37.06M shares 37.41M shares
Diluted Shares Outstanding 37.65M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $217.3M $83.20M $73.70M
YoY Change 161.18% -66.19% -75.76%
Cash & Equivalents $217.3M $83.20M $73.70M
Short-Term Investments
Other Short-Term Assets $15.90M $20.00M $22.50M
YoY Change -20.5% 35.14% 43.31%
Inventory $131.0M $116.7M $124.0M
Prepaid Expenses
Receivables $188.5M $219.3M $211.5M
Other Receivables $12.90M $14.30M $14.70M
Total Short-Term Assets $565.6M $453.5M $446.4M
YoY Change 24.72% -17.55% -26.25%
LONG-TERM ASSETS
Property, Plant & Equipment $201.9M $191.9M $189.1M
YoY Change 5.21% 18.31% 23.03%
Goodwill $231.6M $233.3M $236.8M
YoY Change -0.73% 294.09% 297.32%
Intangibles $244.8M $264.9M $267.6M
YoY Change -7.59% 334.26% 307.93%
Long-Term Investments
YoY Change
Other Assets $805.0M $778.2M $590.7M
YoY Change 3.44% 282.03% 194.17%
Total Long-Term Assets $805.0M $778.2M $779.8M
YoY Change 3.44% 112.68% 119.97%
TOTAL ASSETS
Total Short-Term Assets $565.6M $453.5M $446.4M
Total Long-Term Assets $805.0M $778.2M $779.8M
Total Assets $1.371B $1.232B $1.226B
YoY Change 11.28% 34.48% 27.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $73.80M $91.90M $88.60M
YoY Change -19.7% 2.68% 0.8%
Accrued Expenses $43.10M $54.00M $55.80M
YoY Change -20.19% 21.62% 18.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $15.70M $15.20M
YoY Change -100.0% 256.82% 424.14%
Long-Term Debt Due $15.30M $15.70M $15.20M
YoY Change -2.55% 256.82% 424.14%
Total Short-Term Liabilities $143.8M $180.9M $176.4M
YoY Change -20.51% 15.22% 17.37%
LONG-TERM LIABILITIES
Long-Term Debt $336.8M $276.9M $287.7M
YoY Change 21.63% 418.54% 148.02%
Other Long-Term Liabilities $15.30M $14.80M $6.700M
YoY Change 3.38% 1.37% -18.29%
Total Long-Term Liabilities $443.4M $361.1M $6.700M
YoY Change 22.79% 180.14% -18.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $143.8M $180.9M $176.4M
Total Long-Term Liabilities $443.4M $361.1M $6.700M
Total Liabilities $587.2M $542.0M $552.1M
YoY Change 8.34% 89.58% 56.58%
SHAREHOLDERS EQUITY
Retained Earnings $651.9M $545.2M $526.7M
YoY Change 19.57% 15.51% 19.92%
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 $1.347M 1.347M shares
Shareholders Equity $783.4M $689.7M $674.1M
YoY Change
Total Liabilities & Shareholders Equity $1.371B $1.232B $1.226B
YoY Change 11.28% 34.48% 27.76%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $30.10M $22.60M $30.70M
YoY Change 33.19% -38.59% -226.34%
Depreciation, Depletion And Amortization $12.30M $12.70M $6.700M
YoY Change -3.15% 56.79% -5.63%
Cash From Operating Activities $58.00M $37.70M $28.10M
YoY Change 53.85% 22.8% -32.94%
INVESTING ACTIVITIES
Capital Expenditures -$10.20M -$12.80M -$8.400M
YoY Change -20.31% -1.54% -55.79%
Acquisitions
YoY Change
Other Investing Activities $100.0K $300.0K -$400.0K
YoY Change -66.67% -130.0%
Cash From Investing Activities -$10.10M -$12.50M -$8.800M
YoY Change -19.2% -10.71% -53.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 91.40M -14.90M -58.80M
YoY Change -713.42% -78.81% -1018.75%
NET CHANGE
Cash From Operating Activities 58.00M 37.70M 28.10M
Cash From Investing Activities -10.10M -12.50M -8.800M
Cash From Financing Activities 91.40M -14.90M -58.80M
Net Change In Cash 139.3M 10.30M -39.50M
YoY Change 1252.43% -119.22% -234.81%
FREE CASH FLOW
Cash From Operating Activities $58.00M $37.70M $28.10M
Capital Expenditures -$10.20M -$12.80M -$8.400M
Free Cash Flow $68.20M $50.50M $36.50M
YoY Change 35.05% 15.56% -40.07%

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CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
39600000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
57200000
CY2018 us-gaap Dividends
Dividends
14700000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
48300000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1023900000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1000300000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
217400000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
43300000
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
28100000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
300000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
14000000.0
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
4000000.0
CY2019 mei Changein Cash Surrender Valueof Life Insurance
ChangeinCashSurrenderValueofLifeInsurance
600000
CY2018 mei Changein Cash Surrender Valueof Life Insurance
ChangeinCashSurrenderValueofLifeInsurance
800000
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
700000
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
500000
CY2020 mei Gain Losson Saleof Business Investmentand Property
GainLossonSaleofBusinessInvestmentandProperty
400000
CY2019 mei Gain Losson Saleof Business Investmentand Property
GainLossonSaleofBusinessInvestmentandProperty
400000
CY2018 mei Gain Losson Saleof Business Investmentand Property
GainLossonSaleofBusinessInvestmentandProperty
1600000
CY2020 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
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CY2019 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
4400000
CY2018 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
12700000
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
200000
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-200000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-27400000
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15800000
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3900000
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7200000
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3600000
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
16700000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8200000
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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39800000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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140600000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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102000000.0
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
117800000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
45100000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49800000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
47700000
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
422100000
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
130900000
CY2018 mei Paymentsto Acquire Technology Licenses Net
PaymentstoAcquireTechnologyLicensesNet
700000
CY2020 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
600000
CY2019 us-gaap Proceeds From Sales Of Assets Investing Activities
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1100000
CY2018 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
300000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
400000
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1700000
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
300000
CY2020 us-gaap Repayments Of Long Term Capital Lease Obligations
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700000
CY2019 us-gaap Payments Of Debt Issuance Costs
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3100000
CY2018 us-gaap Proceeds From Stock Options Exercised
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300000
CY2020 us-gaap Payments Of Dividends Common Stock
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16300000
CY2019 us-gaap Payments Of Dividends Common Stock
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16300000
CY2018 us-gaap Payments Of Dividends Common Stock
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14700000
CY2020 us-gaap Proceeds From Lines Of Credit
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157500000
CY2019 us-gaap Proceeds From Lines Of Credit
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359000000.0
CY2018 us-gaap Proceeds From Lines Of Credit
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81400000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-3700000
CY2020 us-gaap Repayments Of Lines Of Credit
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CY2019 us-gaap Repayments Of Lines Of Credit
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120500000
CY2018 us-gaap Repayments Of Lines Of Credit
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79400000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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41700000
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-11500000
CY2020 us-gaap Fiscal Period
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<p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.02%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Financial Reporting Periods. <span style="font-style:normal;">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. Fiscal 2020 represented 53 weeks and ended on May 2, 2020. Fiscal 2019 and 2018 represented 52 weeks and ended on April 27, 2019 and April 28, 2018, respectively. The following discussions of comparative results among periods should be reviewed in that context.</span></p>
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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26000000.0
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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134100000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-47900000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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83200000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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246100000
CY2017Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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294000000.0
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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217300000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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83200000
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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246100000
CY2020 us-gaap Interest Paid Net
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9900000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
8800000
CY2018 us-gaap Interest Paid Net
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2400000
CY2020 us-gaap Income Taxes Paid Net
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21100000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
27800000
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
20200000
CY2020 us-gaap Use Of Estimates
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<p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.02%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates.<span style="font-style:normal;"> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</span></p>
CY2020Q2 us-gaap Finance Lease Liability
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1400000
CY2020Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
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37100000
CY2019Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
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32800000
CY2020Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsOwned
19000000.0
CY2019Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsOwned
15000000.0
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
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-100000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1023900000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1000300000
CY2020Q2 us-gaap Grants Receivable
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18700000
CY2019Q2 us-gaap Grants Receivable
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10600000
CY2020 us-gaap Research And Development Expense
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34900000
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
41200000
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
37900000
CY2020Q2 us-gaap Contract With Customer Asset Net
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500000
CY2019Q2 us-gaap Contract With Customer Asset Net
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800000
CY2020 us-gaap Contract With Customer Asset Reclassified To Receivable
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-800000
CY2020 us-gaap Contract With Customer Asset Credit Loss Expense
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0
CY2020Q2 us-gaap Contract With Customer Liability
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300000
CY2019Q2 us-gaap Contract With Customer Liability
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300000
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
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1000000.0
CY2020 us-gaap Operating Lease Cost
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9000000.0
CY2020 us-gaap Variable Lease Cost
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1300000
CY2020 us-gaap Lease Cost
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10300000
CY2020 us-gaap Operating Lease Payments
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8700000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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5500000
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y8M12D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.047
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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6600000
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5900000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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5200000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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4000000.0
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2300000
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5700000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
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29700000
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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3800000
CY2020Q2 us-gaap Operating Lease Liability
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25900000
CY2019 us-gaap Operating Leases Rent Expense Net
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7600000
CY2018 us-gaap Operating Leases Rent Expense Net
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5900000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Current
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7800000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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5600000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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4200000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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3300000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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8400000
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
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34200000
CY2019 us-gaap Business Acquisitions Pro Forma Revenue
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1073300000
CY2018 us-gaap Business Acquisitions Pro Forma Revenue
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1095000000.0
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70500000
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45700000
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
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40200000
CY2020Q2 us-gaap Inventory Work In Process Net Of Reserves
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10800000
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CY2020Q2 us-gaap Property Plant And Equipment Net
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201900000
CY2019Q2 us-gaap Property Plant And Equipment Net
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191900000
CY2020 us-gaap Depreciation
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CY2019 us-gaap Depreciation
Depreciation
27200000
CY2018 us-gaap Depreciation
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22500000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
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5800000
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
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6400000
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
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CY2020Q2 us-gaap Inventory Raw Materials Net Of Reserves
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74500000
CY2019Q2 us-gaap Inventory Raw Materials Net Of Reserves
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67100000
CY2020Q2 us-gaap Inventory Net
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CY2019Q2 us-gaap Inventory Net
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CY2020Q2 us-gaap Property Plant And Equipment Gross
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502900000
CY2019Q2 us-gaap Property Plant And Equipment Gross
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475600000
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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301000000.0
CY2017Q2 us-gaap Goodwill
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1600000
CY2018 us-gaap Goodwill Period Increase Decrease
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57200000
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
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400000
CY2018Q2 us-gaap Goodwill
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59200000
CY2019 us-gaap Goodwill Period Increase Decrease
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175300000
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-1200000
CY2019Q2 us-gaap Goodwill
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233300000
CY2020 us-gaap Goodwill Period Increase Decrease
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-200000
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-1500000
CY2020Q2 us-gaap Goodwill
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231600000
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1800000
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1800000
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CY2019Q2 us-gaap Goodwill
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233300000
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CY2020Q2 us-gaap Finite Lived Intangible Assets Net
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243000000.0
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1800000
CY2020Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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18900000
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18900000
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CY2020Q2 us-gaap Long Term Debt Noncurrent
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CY2019Q2 us-gaap Long Term Debt Noncurrent
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CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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1400000
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0.75
CY2020 mei Deferred Compensation Plan Maximum Deferral Percentage Annual Cash Incentive
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1
CY2020 mei Deferred Compensation Plan Aggregate Minimum Deferral
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3000
CY2020 mei Deferred Compensation Plan Minimum Deferral Period
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P3Y
CY2020 mei Deferred Compensation Vesting Percentage
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1
CY2020 mei Deferred Compensation Plan Employer Discretionary Contribution Amount
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0
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5400000
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6100000
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CY2019Q2 us-gaap Unamortized Debt Issuance Expense
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CY2019Q2 us-gaap Long Term Debt
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CY2020Q2 us-gaap Long Term Debt Current
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400000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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2800000
CY2020Q2 mei Longterm Debtand Capital Leases
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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