2021 Q1 Form 10-K Financial Statement

#000076952021000003 Filed on March 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2019 Q4 2019 Q3
Revenue $729.3M $787.6M $724.0M
YoY Change 7.65% 4.09% 1.5%
Cost Of Revenue $473.3M $497.9M $454.0M
YoY Change 10.77% 4.58% 0.4%
Gross Profit $256.0M $289.7M $270.0M
YoY Change 2.32% 3.24% 3.4%
Gross Profit Margin 35.1% 36.78% 37.3%
Selling, General & Admin $147.3M $148.8M $144.5M
YoY Change 2.33% 6.67% 2.18%
% of Gross Profit 57.54% 51.37% 53.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.90M $26.10M $27.14M
YoY Change 8.65% -14.98% -2.5%
% of Gross Profit 11.29% 9.01% 10.05%
Operating Expenses $147.4M $148.9M $144.5M
YoY Change 2.4% 6.74% 2.18%
Operating Profit $108.6M $152.0M $121.3M
YoY Change 3.02% 8.6% 12.69%
Interest Expense -$22.70M -$19.30M -$20.80M
YoY Change 44.59% -5.85% 10.05%
% of Operating Profit -20.9% -12.69% -17.14%
Other Income/Expense, Net -$4.300M $8.500M -$1.444M
YoY Change 29.28% -3.41% -655.38%
Pretax Income $66.10M $141.2M $106.2M
YoY Change -31.48% 10.14% 8.38%
Income Tax $14.30M $32.20M $24.20M
% Of Pretax Income 21.63% 22.8% 22.78%
Net Earnings $51.80M $109.0M $82.02M
YoY Change -29.79% 14.93% 12.5%
Net Earnings / Revenue 7.1% 13.84% 11.33%
Basic Earnings Per Share $1.96 $1.47
Diluted Earnings Per Share $940.1K $1.96 $1.47
COMMON SHARES
Basic Shares Outstanding 55.64M shares 56.14M shares 55.66M shares
Diluted Shares Outstanding 55.66M shares

Balance Sheet

Concept 2021 Q1 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $268.1M $94.50M $87.20M
YoY Change -29.63% 31.8% 13.84%
Cash & Equivalents $268.1M $94.50M $87.18M
Short-Term Investments
Other Short-Term Assets $78.50M $58.70M $62.20M
YoY Change 45.37% -15.42% -21.27%
Inventory $540.2M $585.7M $614.1M
Prepaid Expenses
Receivables $363.4M $447.6M $417.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.270B $1.209B $1.200B
YoY Change -15.73% 13.9% 11.3%
LONG-TERM ASSETS
Property, Plant & Equipment $344.5M $352.1M $343.0M
YoY Change -0.39% 11.95% 10.02%
Goodwill $1.934B $1.850B $1.809B
YoY Change 5.36% 6.11% -0.76%
Intangibles $1.450B $1.443B $1.440B
YoY Change 1.13% 6.05% 12.96%
Long-Term Investments
YoY Change
Other Assets $126.8M $110.7M $108.8M
YoY Change 4.45% 197.45% 115.83%
Total Long-Term Assets $3.932B $477.2M $478.3M
YoY Change 685.78% 24.28% 19.09%
TOTAL ASSETS
Total Short-Term Assets $1.270B $1.209B $1.200B
Total Long-Term Assets $3.932B $477.2M $478.3M
Total Assets $5.202B $5.002B $4.929B
YoY Change -1.43% 9.94% 7.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $182.8M $173.7M $181.2M
YoY Change -4.67% -7.76% -8.38%
Accrued Expenses $494.5M $416.6M $400.7M
YoY Change 25.65% 13.36% 7.35%
Deferred Revenue $93.87M $74.51M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $22.94M $2.894M $3.331M
YoY Change 4.61% -9.76% 6.59%
Total Short-Term Liabilities $700.3M $593.1M $585.2M
YoY Change 15.32% 6.12% 1.93%
LONG-TERM LIABILITIES
Long-Term Debt $1.707B $1.870B $1.956B
YoY Change -21.61% -0.99% 0.03%
Other Long-Term Liabilities $202.2M $169.4M $181.2M
YoY Change -2.14% 142.94% 174.77%
Total Long-Term Liabilities $1.909B $2.040B $2.137B
YoY Change -19.92% 4.14% 5.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $700.3M $593.1M $585.2M
Total Long-Term Liabilities $1.909B $2.040B $2.137B
Total Liabilities $2.609B $2.633B $2.722B
YoY Change -12.77% 4.58% 4.89%
SHAREHOLDERS EQUITY
Retained Earnings $2.569B $2.361B $2.252B
YoY Change 5.48% 17.53% 17.66%
Common Stock $147.0K $145.0K $145.0K
YoY Change 1.38% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $537.1M $451.3M $451.3M
YoY Change 2.14% 1.38% 1.38%
Treasury Stock Shares 8.013M shares 6.940M shares 6.940B shares
Shareholders Equity $1.977B $1.947B $1.856B
YoY Change
Total Liabilities & Shareholders Equity $5.202B $5.002B $4.929B
YoY Change -1.43% 9.94% 7.64%

Cashflow Statement

Concept 2021 Q1 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $51.80M $109.0M $82.02M
YoY Change -29.79% 14.93% 12.5%
Depreciation, Depletion And Amortization $28.90M $26.10M $27.14M
YoY Change 8.65% -14.98% -2.5%
Cash From Operating Activities $208.6M $147.7M $128.1M
YoY Change 139.39% 26.35% 21.54%
INVESTING ACTIVITIES
Capital Expenditures -$12.10M -$12.80M -$12.20M
YoY Change -231.79% 276.47% 45.24%
Acquisitions
YoY Change
Other Investing Activities -$41.10M -$42.10M -$71.90M
YoY Change 37.0% -16.3% 2146.87%
Cash From Investing Activities -$53.30M -$54.90M -$84.10M
YoY Change 35.89% 2.23% 625.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -117.7M -87.00M -35.60M
YoY Change -148.02% 28.89% -67.43%
NET CHANGE
Cash From Operating Activities 208.6M 147.7M 128.1M
Cash From Investing Activities -53.30M -54.90M -84.10M
Cash From Financing Activities -117.7M -87.00M -35.60M
Net Change In Cash 37.60M 5.800M 8.400M
YoY Change -86.88% -234.88% -154.19%
FREE CASH FLOW
Cash From Operating Activities $208.6M $147.7M $128.1M
Capital Expenditures -$12.10M -$12.80M -$12.20M
Free Cash Flow $220.7M $160.5M $140.3M
YoY Change 183.11% 33.42% 23.29%

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22030000 USD
CY2019Q4 us-gaap Sales And Excise Tax Payable Current
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19862000 USD
CY2021Q1 us-gaap Interest Rate Fair Value Hedge Liability At Fair Value
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14075000 USD
CY2019Q4 us-gaap Interest Rate Fair Value Hedge Liability At Fair Value
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0 USD
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12909000 USD
CY2019Q4 midd Accrued Product Liability And Workers Compensation Liability Current
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15164000 USD
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12133000 USD
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13368000 USD
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11105000 USD
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13816000 USD
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2686000 USD
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1121000 USD
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73630000 USD
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58177000 USD
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416550000 USD
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-89059000 USD
CY2019Q4 midd Accumulated Other Comprehensiveincome Loss Defined Benefit Plan Tax
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CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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400919000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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228336000 USD
CY2021Q1 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
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-13120000 USD
CY2019Q4 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
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CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
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-16892000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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-105705000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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17757000 USD
CY2021 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
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CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q1 midd Accumulated Other Comprehensiveincome Loss Defined Benefit Plan Tax
AccumulatedOtherComprehensiveincomeLossDefinedBenefitPlanTax
-89100000 USD
CY2021Q1 midd Accumulated Other Comprehensive Income Loss Cumulative Changesin Net Gain Lossfrom Cash Flow Hedges Tax
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CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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-40400000 USD
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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-7100000 USD
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-2900000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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2600000 USD
CY2019Q4 us-gaap Product Warranty Accrual
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66374000 USD
CY2018Q4 us-gaap Product Warranty Accrual
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59451000 USD
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1485000 USD
CY2019 us-gaap Product Warranty Accrual Additions From Business Acquisition
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7353000 USD
CY2021 us-gaap Product Warranty Accrual Warranties Issued
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58047000 USD
CY2019 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
68842000 USD
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56239000 USD
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69272000 USD
CY2021Q1 us-gaap Product Warranty Accrual
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69667000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
66374000 USD
CY2021 us-gaap Research And Development Expense
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35300000 USD
CY2019 us-gaap Research And Development Expense
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41200000 USD
CY2018 us-gaap Research And Development Expense
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35300000 USD
CY2021 us-gaap Share Based Compensation
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19600000 USD
CY2019 us-gaap Share Based Compensation
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8100000 USD
CY2018 us-gaap Share Based Compensation
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2500000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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2700000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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500000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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100000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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44300000 USD
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y2M26D
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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43000 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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9000 shares
CY2018 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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28000 shares
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CY2019 us-gaap Interest Paid Net
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80900000 USD
CY2018 us-gaap Interest Paid Net
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55300000 USD
CY2021 us-gaap Income Taxes Paid
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41200000 USD
CY2019 us-gaap Income Taxes Paid
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91500000 USD
CY2018 us-gaap Income Taxes Paid
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79000000.0 USD
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CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2959446000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2722931000 USD
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20328000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
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22675000 USD
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93871000 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
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74511000 USD
CY2021Q1 us-gaap Contract With Customer Liability Noncurrent
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13523000 USD
CY2019Q4 us-gaap Contract With Customer Liability Noncurrent
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12870000 USD
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15700000 USD
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67400000 USD
CY2021 midd Contract With Customer Liability Increase For Contract Acquired During The Period
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87200000 USD
CY2021 us-gaap Capitalized Contract Cost Impairment Loss
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0 USD
CY2021Q1 midd Senior Secured Revolving Credit Line
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CY2019Q4 midd Senior Secured Revolving Credit Line
SeniorSecuredRevolvingCreditLine
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335938000 USD
CY2019Q4 midd Termloanfacility
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0 USD
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CY2019Q4 us-gaap Convertible Long Term Notes Payable
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CY2019Q4 us-gaap Other Long Term Debt
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CY2019Q4 us-gaap Debt Instrument Carrying Amount
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22944000 USD
CY2019Q4 us-gaap Long Term Debt Current
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3500000000 USD
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CY2020Q1 midd Termloanfacility
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750000000.0 USD
CY2020Q1 midd Longterm Lineof Credit Revolving Credit Facility
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2750000000 USD
CY2020Q1 midd Lineof Credit Facility Potential Additional Borrowing Capacity
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4000000000.0 USD
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CY2020Q1 midd Longterm Lineof Credit Revolving Credit Facility
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2750000000 USD
CY2021Q1 us-gaap Line Of Credit
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CY2021Q1 midd Termloanfacility
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335900000 USD
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
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10900000 USD
CY2021Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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2000000000.0 USD
CY2021 midd Debt Instrument Interest Additional Interest Above Libor Rate
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0.0200
CY2021 midd Debt Instrument Interest Additional Interest Above Libor Rate Alternative
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CY2021 midd Debt Instrument Interest Additional Interest Above Fed Funds Rate
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CY2021 us-gaap Debt Instrument Interest Rate Increase Decrease
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0.0100
CY2021 midd Debt Instrument Interest Additional Interest Above Libor Rate Elevated Covenants
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0.0200
CY2021 midd Line Of Credit Facility Commitment Fee Percentage Elevated Covenants
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CY2021Q1 midd Line Of Credit Average Interest Rate
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0.0397
CY2021 us-gaap Line Of Credit Facility Commitment Fee Percentage
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CY2021Q1 midd Termloanfacilityaverageinterestrate
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0.0325
CY2021Q1 midd Lineofcredit Currentand Noncurrent Foreign
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4400000 USD
CY2021Q1 us-gaap Line Of Credit Facility Interest Rate At Period End
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0.0591
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260000000.0 USD
CY2021Q1 midd Derivative Fixed Interest Rate Current
DerivativeFixedInterestRateCurrent
0.0236
CY2021Q1 midd Derivative Notional Amount Non Current
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802000000.0 USD
CY2021Q1 midd Derivative Fixed Interest Rate Non Current
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3.00
CY2021 midd Debt Instrument Interest Coverage Ratio Range High
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1.00
CY2021 midd Debt Instrument Qualified Leverage Ratio Range Low
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5.50
CY2021 midd Debt Instrument Leverage Ratio Range High
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1.00
CY2021 midd Debt Instrument Leverage Ratio Range Low
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3.50
CY2021 midd Debt Instrument Leverage Ratio Range High
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1.00
CY2021 midd Debt Instrument Qualified Leverage Ratio Range High
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4.00
CY2021 midd Debt Instrument Leverage Ratio Range High
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1.00
CY2021Q1 us-gaap Debt Instrument Unamortized Discount
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114653000 USD
CY2021Q1 us-gaap Convertible Long Term Notes Payable
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632847000 USD
CY2021 us-gaap Debt Instrument Convertible If Converted Value In Excess Of Principal
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1700000 USD
CY2021Q1 us-gaap Debt Instrument Convertible Carrying Amount Of The Equity Component
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105000000.0 USD
CY2020Q3 midd Debt Instrument Convertible Estimated Conversion Shares
DebtInstrumentConvertibleEstimatedConversionShares
5800000 shares
CY2020Q3 midd Debt Instrument Capped Call Transaction Estimated Conversion Shares
DebtInstrumentCappedCallTransactionEstimatedConversionShares
3600000 shares
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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22944000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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19261000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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19056000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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19069000 USD
CY2021Q1 midd Long Term Debt Maturities Repayments Of Principal In Year Five And Thereafter
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1649266000 USD
CY2021Q1 us-gaap Long Term Debt
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CY2021Q1 us-gaap Common Stock Shares Authorized
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95000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
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CY2021 us-gaap Stock Repurchased During Period Shares
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CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
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77.70
CY2021Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
44800000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
95000 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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95000 shares
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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178813000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
336688000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
328870000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
89244000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
125931000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
94643000 USD
CY2021 midd Income Loss From Continuing Operations Before Income Taxes
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
268057000 USD
CY2019 midd Income Loss From Continuing Operations Before Income Taxes
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
462619000 USD
CY2018 midd Income Loss From Continuing Operations Before Income Taxes
IncomeLossFromContinuingOperationsBeforeIncomeTaxes
423513000 USD
CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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36908000 USD
CY2019 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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69074000 USD
CY2018 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
66359000 USD
CY2021 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
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CY2019 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
16203000 USD
CY2018 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
16035000 USD
CY2021 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
15040000 USD
CY2019 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
25102000 USD
CY2018 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
23967000 USD
CY2021 us-gaap Income Tax Expense Benefit
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60763000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
110379000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
106361000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
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44342000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
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88167000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
85872000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
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16421000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
22212000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
20489000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60763000 USD
CY2019 us-gaap Income Tax Expense Benefit
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110379000 USD
CY2018 us-gaap Income Tax Expense Benefit
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106361000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.032
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.030
CY2021 midd Effective Income Tax Rate Reconciliation Permanent Book Versus Tax Differences
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-0.004
CY2019 midd Effective Income Tax Rate Reconciliation Permanent Book Versus Tax Differences
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0.006
CY2018 midd Effective Income Tax Rate Reconciliation Permanent Book Versus Tax Differences
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0.002
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.005
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.002
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.013
CY2021 midd Effective Income Tax Rate Reconciliation Deferred Tax Charges
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-0.007
CY2019 midd Effective Income Tax Rate Reconciliation Deferred Tax Charges
EffectiveIncomeTaxRateReconciliationDeferredTaxCharges
0
CY2018 midd Effective Income Tax Rate Reconciliation Deferred Tax Charges
EffectiveIncomeTaxRateReconciliationDeferredTaxCharges
0.002
CY2021 midd Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017transitiontax
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017transitiontax
0
CY2019 midd Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017transitiontax
EffectiveIncomeTaxRateReconciliationTaxCutsandJobsActof2017transitiontax
0
CY2018 midd Effective Income Tax Rate Reconciliation Tax Cutsand Jobs Actof2017transitiontax
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-0.001
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.001
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.001
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.005
CY2021 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0.012
CY2019 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.003
CY2018 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
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