$MEI
METHODE ELECTRONICS INC

2020 Q4 Form 10-Q Financial Statement

#000156459020055967 Filed on December 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q2 2019 Q4
Revenue $300.8M $210.6M $257.2M
YoY Change 16.95% -20.83% -2.58%
Cost Of Revenue $220.0M $151.4M $188.6M
YoY Change 16.65% -22.52% -2.38%
Gross Profit $80.80M $59.20M $68.60M
YoY Change 17.78% -16.15% -3.11%
Gross Profit Margin 26.86% 28.11% 26.67%
Selling, General & Admin $30.80M $18.20M $33.20M
YoY Change -7.23% -44.0% -30.83%
% of Gross Profit 38.12% 30.74% 48.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.600M $12.30M $7.200M
YoY Change 5.56% -3.15% 14.29%
% of Gross Profit 9.41% 20.78% 10.5%
Operating Expenses $30.80M $22.90M $33.20M
YoY Change -7.23% -38.93% -30.83%
Operating Profit $45.00M $36.30M $30.70M
YoY Change 46.58% 9.67% 60.73%
Interest Expense -$2.000M -$4.700M -$2.300M
YoY Change -13.04% 42.42% 43.75%
% of Operating Profit -4.44% -12.95% -7.49%
Other Income/Expense, Net $2.600M $8.500M $1.000M
YoY Change 160.0% 2025.0% 900.0%
Pretax Income $46.20M $40.10M $29.00M
YoY Change 59.31% 33.22% 64.77%
Income Tax $7.600M $10.00M $5.200M
% Of Pretax Income 16.45% 24.94% 17.93%
Net Earnings $38.60M $30.10M $23.80M
YoY Change 62.18% 33.19% 63.01%
Net Earnings / Revenue 12.83% 14.29% 9.25%
Basic Earnings Per Share $1.01 $0.80 $0.63
Diluted Earnings Per Share $1.01 $0.79 $0.63
COMMON SHARES
Basic Shares Outstanding 38.11M 37.16M 37.59M
Diluted Shares Outstanding 38.13M 37.74M

Balance Sheet

Concept 2020 Q4 2020 Q2 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $242.3M $217.3M $95.60M
YoY Change 153.45% 161.18% -13.8%
Cash & Equivalents $242.3M $217.3M $95.60M
Short-Term Investments
Other Short-Term Assets $18.20M $15.90M $18.70M
YoY Change -2.67% -20.5% -13.82%
Inventory $120.7M $131.0M $133.8M
Prepaid Expenses
Receivables $290.3M $188.5M $205.3M
Other Receivables $10.80M $12.90M $12.00M
Total Short-Term Assets $682.3M $565.6M $465.4M
YoY Change 46.61% 24.72% -5.23%
LONG-TERM ASSETS
Property, Plant & Equipment $203.2M $201.9M $198.1M
YoY Change 2.57% 5.21% 5.43%
Goodwill $233.3M $231.6M $233.6M
YoY Change -0.13% -0.73% -0.13%
Intangibles $237.0M $244.8M $255.8M
YoY Change -7.35% -7.59% -7.02%
Long-Term Investments
YoY Change
Other Assets $807.0M $805.0M $817.3M
YoY Change -1.26% 3.44% 38.17%
Total Long-Term Assets $807.0M $805.0M $817.3M
YoY Change -1.26% 3.44% 4.86%
TOTAL ASSETS
Total Short-Term Assets $682.3M $565.6M $465.4M
Total Long-Term Assets $807.0M $805.0M $817.3M
Total Assets $1.489B $1.371B $1.283B
YoY Change 16.11% 11.28% 0.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $112.4M $73.80M $97.10M
YoY Change 15.76% -19.7% -8.05%
Accrued Expenses $60.40M $43.10M $56.80M
YoY Change 6.34% -20.19% 4.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $15.30M $15.30M $15.20M
YoY Change 0.66% -2.55% -0.65%
Total Short-Term Liabilities $198.7M $143.8M $184.3M
YoY Change 7.81% -20.51% -4.11%
LONG-TERM LIABILITIES
Long-Term Debt $332.3M $336.8M $259.9M
YoY Change 27.86% 21.63% -24.07%
Other Long-Term Liabilities $18.80M $15.30M $17.00M
YoY Change 10.59% 3.38% 304.76%
Total Long-Term Liabilities $439.2M $443.4M $365.8M
YoY Change 20.07% 22.79% 8609.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $198.7M $143.8M $184.3M
Total Long-Term Liabilities $439.2M $443.4M $365.8M
Total Liabilities $637.9M $587.2M $550.1M
YoY Change 15.96% 8.34% -12.29%
SHAREHOLDERS EQUITY
Retained Earnings $698.9M $651.9M $588.5M
YoY Change 18.76% 19.57% 17.7%
Common Stock $19.40M $19.20M $19.20M
YoY Change 1.04% 0.0% 0.0%
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 $851.4M $783.4M $732.6M
YoY Change
Total Liabilities & Shareholders Equity $1.489B $1.371B $1.283B
YoY Change 16.11% 11.28% 0.96%

Cashflow Statement

Concept 2020 Q4 2020 Q2 2019 Q4
OPERATING ACTIVITIES
Net Income $38.60M $30.10M $23.80M
YoY Change 62.18% 33.19% 63.01%
Depreciation, Depletion And Amortization $7.600M $12.30M $7.200M
YoY Change 5.56% -3.15% 14.29%
Cash From Operating Activities $40.30M $58.00M $48.70M
YoY Change -17.25% 53.85% 200.62%
INVESTING ACTIVITIES
Capital Expenditures -$3.600M -$10.20M -$13.60M
YoY Change -73.53% -20.31% 30.77%
Acquisitions
YoY Change
Other Investing Activities $100.0K $600.0K
YoY Change -66.67% -100.14%
Cash From Investing Activities -$3.600M -$10.10M -$13.00M
YoY Change -72.31% -19.2% -96.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.200M 91.40M -12.30M
YoY Change -49.59% -713.42% -104.09%
NET CHANGE
Cash From Operating Activities 40.30M 58.00M 48.70M
Cash From Investing Activities -3.600M -10.10M -13.00M
Cash From Financing Activities -6.200M 91.40M -12.30M
Net Change In Cash 30.50M 139.3M 23.40M
YoY Change 30.34% 1252.43% -120.42%
FREE CASH FLOW
Cash From Operating Activities $40.30M $58.00M $48.70M
Capital Expenditures -$3.600M -$10.20M -$13.60M
Free Cash Flow $43.90M $68.20M $62.30M
YoY Change -29.53% 35.05% 134.21%

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CY2020Q4 us-gaap Additional Paid In Capital
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CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2020Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2020Q2 us-gaap Treasury Stock Value
TreasuryStockValue
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CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2020Q4 us-gaap Stockholders Equity
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CY2020Q2 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Liabilities And Stockholders Equity
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CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Net Cash Provided By Used In Financing Activities
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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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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Operating Lease Payments
OperatingLeasePayments
4400000
us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Fiscal Period
FiscalPeriod
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Financial Reporting Periods</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: 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 2021 is a 52-week year and fiscal 2020 was a 53-week year. The three months ended <span style="color:#000000;font-family:TimesNewRomanPSMT;">October 31, 2020</span> and October 26, 2019 were both <span style="-sec-ix-hidden:F_000374"><span style="-sec-ix-hidden:F_000375">13-week</span></span> periods, and the six months ended <span style="color:#000000;font-family:TimesNewRomanPSMT;">October 31, 2020</span> and October 26, 2019<span style="color:#000000;font-family:TimesNewRomanPSMT;"> were both <span style="-sec-ix-hidden:F_000377"><span style="-sec-ix-hidden:F_000376">26-week</span></span> periods</span>.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:6.67%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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.</p>
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020Q4 us-gaap Restructuring Costs
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us-gaap Restructuring Costs
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RestructuringCosts
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us-gaap Restructuring Costs
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CY2020Q4 us-gaap Restructuring Costs
RestructuringCosts
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CY2020Q4 us-gaap Restructuring Costs
RestructuringCosts
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CY2019Q4 us-gaap Restructuring Costs
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us-gaap Restructuring Costs
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CY2020Q4 us-gaap Restructuring And Related Cost Expected Cost1
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CY2020Q2 us-gaap Inventory Net
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
46200000
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7600000
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5200000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2500000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12500000
CY2020Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.165
CY2019Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.179
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.040
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.193
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5400000
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
5200000
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
27100000
CY2020Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
45700000
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
11700000
CY2020Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
10800000
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
81900000
CY2020Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2020Q4 us-gaap Inventory Net
InventoryNet
120700000
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
243000000.0
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
318800000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
527600000
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
502900000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
324400000
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
301000000.0
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
203200000
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
201900000
CY2020Q4 us-gaap Depreciation
Depreciation
7600000
CY2019Q4 us-gaap Depreciation
Depreciation
7200000
us-gaap Depreciation
Depreciation
15000000.0
us-gaap Depreciation
Depreciation
14200000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
700000
CY2020Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2020Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned
32500000
CY2020Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned
37100000
CY2020Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsOwned
15800000
CY2020Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsOwned
19000000.0
CY2020Q2 us-gaap Goodwill
Goodwill
231600000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1700000
CY2020Q4 us-gaap Goodwill
Goodwill
233300000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2020Q4 mei Indefinitelived Intangible Assets Excluding Goodwill Gross
IndefinitelivedIntangibleAssetsExcludingGoodwillGross
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CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
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CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
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CY2020Q4 mei Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
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CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
237000000.0
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
244800000
CY2020Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
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IntangibleAssetsGrossExcludingGoodwill
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CY2020Q2 mei Intangible Assets Accumulated Amortization
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CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
9500000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
19100000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
19000000.0
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
18600000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
18100000
CY2020Q4 mei Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
150900000
CY2020Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
1900000
CY2020Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2200000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
347600000
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
352100000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
15300000
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
15300000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
332300000
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
336800000
CY2019Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2020Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-7900000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-18000000.0
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
38600000
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
23800000
us-gaap Net Income Loss
NetIncomeLoss
59300000
us-gaap Net Income Loss
NetIncomeLoss
52100000
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38106793
CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37587742
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37971668
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37561098
CY2020Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
20745
CY2019Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
151446
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
171310
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
142025
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38127538
CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37739188
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38142978
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37703123
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.01
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.56
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.39
CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.56
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.38
CY2020Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1017000
CY2019Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
755493
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
559334
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
759368
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
300800000
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
45000000.0
CY2020Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1400000
CY2020Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2600000
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
46200000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
257200000
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
30700000
CY2019Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2700000
CY2019Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1000000.0
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29000000.0
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
491700000
us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61800000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
527400000
us-gaap Operating Income Loss
OperatingIncomeLoss
69300000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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64600000
CY2020Q4 us-gaap Assets
Assets
1489300000
CY2020Q2 us-gaap Assets
Assets
1370600000

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