2016 Q3 Form 10-Q Financial Statement

#000006198616000128 Filed on November 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $349.8M $438.2M
YoY Change -20.17% -55.57%
Cost Of Revenue $309.0M $369.4M
YoY Change -16.35% -50.24%
Gross Profit $40.80M $68.80M
YoY Change -40.7% -71.94%
Gross Profit Margin 11.66% 15.7%
Selling, General & Admin $73.00M $77.60M
YoY Change -5.93% -48.98%
% of Gross Profit 178.92% 112.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.00M $13.30M
YoY Change -9.77% -50.0%
% of Gross Profit 29.41% 19.33%
Operating Expenses $74.20M $78.50M
YoY Change -5.48% -51.24%
Operating Profit -$134.2M -$9.300M
YoY Change 1343.01% -111.44%
Interest Expense $10.00M $24.00M
YoY Change -58.33% -2.83%
% of Operating Profit
Other Income/Expense, Net -$10.00M -$27.50M
YoY Change -63.64% 10.0%
Pretax Income -$144.2M -$36.80M
YoY Change 291.85% -165.36%
Income Tax -$5.300M -$6.400M
% Of Pretax Income
Net Earnings -$140.7M $4.800M
YoY Change -3031.25% -93.43%
Net Earnings / Revenue -40.22% 1.1%
Basic Earnings Per Share -$1.02 $0.03
Diluted Earnings Per Share -$1.02 $0.03
COMMON SHARES
Basic Shares Outstanding 138.4M 136.2M shares
Diluted Shares Outstanding 138.4M 136.2M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.90M $75.20M
YoY Change -42.95% 0.53%
Cash & Equivalents $42.90M $75.20M
Short-Term Investments
Other Short-Term Assets $54.50M $129.5M
YoY Change -57.92% 2.86%
Inventory $496.3M $717.9M
Prepaid Expenses
Receivables $132.5M $259.0M
Other Receivables $60.40M $0.00
Total Short-Term Assets $786.6M $1.277B
YoY Change -38.41% -10.3%
LONG-TERM ASSETS
Property, Plant & Equipment $315.3M $551.8M
YoY Change -42.86% -7.26%
Goodwill $309.8M $1.156B
YoY Change -73.19% -4.25%
Intangibles $118.9M $646.3M
YoY Change -81.6% -11.51%
Long-Term Investments
YoY Change
Other Assets $63.10M $109.8M
YoY Change -42.53% -9.85%
Total Long-Term Assets $812.6M $2.528B
YoY Change -67.85% -4.76%
TOTAL ASSETS
Total Short-Term Assets $786.6M $1.277B
Total Long-Term Assets $812.6M $2.528B
Total Assets $1.599B $3.805B
YoY Change -57.97% -6.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $184.3M $379.7M
YoY Change -51.46% -19.52%
Accrued Expenses $160.0M $300.3M
YoY Change -46.72% 7.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $15.30M $63.20M
YoY Change -75.79% -15.51%
Total Short-Term Liabilities $435.7M $931.0M
YoY Change -53.2% -7.22%
LONG-TERM LIABILITIES
Long-Term Debt $293.0M $1.575B
YoY Change -81.4% -5.79%
Other Long-Term Liabilities $65.50M $103.3M
YoY Change -36.59% -15.33%
Total Long-Term Liabilities $540.0M $2.084B
YoY Change -74.09% -5.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $435.7M $931.0M
Total Long-Term Liabilities $540.0M $2.084B
Total Liabilities $975.7M $3.015B
YoY Change -67.64% -5.9%
SHAREHOLDERS EQUITY
Retained Earnings $271.1M $506.6M
YoY Change -46.49% 9.16%
Common Stock $567.4M $554.0M
YoY Change 2.42% 2.86%
Preferred Stock
YoY Change
Treasury Stock (at cost) $65.80M $71.60M
YoY Change -8.1% -2.45%
Treasury Stock Shares 24.40M shares 26.59M shares
Shareholders Equity $623.5M $789.9M
YoY Change
Total Liabilities & Shareholders Equity $1.599B $3.805B
YoY Change -57.97% -6.7%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$140.7M $4.800M
YoY Change -3031.25% -93.43%
Depreciation, Depletion And Amortization $12.00M $13.30M
YoY Change -9.77% -50.0%
Cash From Operating Activities -$3.000M $6.300M
YoY Change -147.62% -89.46%
INVESTING ACTIVITIES
Capital Expenditures -$10.10M -$9.400M
YoY Change 7.45% -58.95%
Acquisitions
YoY Change
Other Investing Activities $800.0K -$2.100M
YoY Change -138.1% -129.58%
Cash From Investing Activities -$9.300M -$11.50M
YoY Change -19.13% -27.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.40M 13.50M
YoY Change 6.67% -118.99%
NET CHANGE
Cash From Operating Activities -3.000M 6.300M
Cash From Investing Activities -9.300M -11.50M
Cash From Financing Activities 14.40M 13.50M
Net Change In Cash 2.100M 8.300M
YoY Change -74.7% -130.63%
FREE CASH FLOW
Cash From Operating Activities -$3.000M $6.300M
Capital Expenditures -$10.10M -$9.400M
Free Cash Flow $7.100M $15.70M
YoY Change -54.78% -81.02%

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us-gaap Gross Profit
GrossProfit
240200000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
41500000 USD
us-gaap Gross Profit
GrossProfit
211600000 USD
CY2015Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
42900000 USD
CY2016Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
37500000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-35700000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-76600000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-82800000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-143500000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-229700000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-23400000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-29600000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-59300000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-204300000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-138200000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-346600000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.17
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.22
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.44
CY2016Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.50
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.00
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-2.52
CY2015Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.17
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.22
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.58
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.02
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.11
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.25
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.44
CY2016Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.50
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.00
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-2.52
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.11
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.25
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.58
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.02
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-9500000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17300000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
121500000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
116900000 USD
us-gaap Increase Decrease In Accounts Payable
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-25800000 USD
us-gaap Increase Decrease In Accounts Payable
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-87000000 USD
us-gaap Increase Decrease In Accounts Receivable
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12800000 USD
us-gaap Increase Decrease In Accounts Receivable
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-25300000 USD
us-gaap Increase Decrease In Accrued Liabilities
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23400000 USD
us-gaap Increase Decrease In Accrued Liabilities
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-10000000 USD
us-gaap Increase Decrease In Deferred Income Taxes
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-33800000 USD
us-gaap Increase Decrease In Deferred Income Taxes
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-127800000 USD
us-gaap Increase Decrease In Inventories
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103400000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
36200000 USD
us-gaap Increase Decrease In Other Operating Assets
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-16900000 USD
us-gaap Increase Decrease In Other Operating Assets
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-13100000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-3200000 USD
us-gaap Increase Decrease In Restricted Cash
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300000 USD
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2015Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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162600000 USD
CY2016Q3 us-gaap Intangible Assets Gross Excluding Goodwill
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165100000 USD
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
119300000 USD
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
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118900000 USD
CY2015Q3 us-gaap Interest Expense
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24000000 USD
us-gaap Interest Expense
InterestExpense
71300000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
10000000 USD
us-gaap Interest Expense
InterestExpense
29600000 USD
CY2015Q4 us-gaap Inventory Finished Goods
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251700000 USD
CY2016Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
312700000 USD
CY2015Q4 us-gaap Inventory Gross
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523300000 USD
CY2016Q3 us-gaap Inventory Gross
InventoryGross
572300000 USD
CY2015Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
36600000 USD
CY2016Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
32800000 USD
CY2015Q4 us-gaap Inventory Net
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452600000 USD
CY2016Q3 us-gaap Inventory Net
InventoryNet
496300000 USD
CY2015Q4 us-gaap Inventory Raw Materials
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155300000 USD
CY2016Q3 us-gaap Inventory Raw Materials
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125300000 USD
CY2015Q4 us-gaap Inventory Valuation Reserves
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34100000 USD
CY2016Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
43200000 USD
CY2015Q4 us-gaap Inventory Work In Process
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116300000 USD
CY2016Q3 us-gaap Inventory Work In Process
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134300000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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3539700000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
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1599200000 USD
CY2015Q4 us-gaap Liabilities Current
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883600000 USD
CY2016Q3 us-gaap Liabilities Current
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435700000 USD
CY2015Q4 us-gaap Liabilities Noncurrent
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1836600000 USD
CY2016Q3 us-gaap Liabilities Noncurrent
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540000000 USD
CY2015Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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312000000 USD
CY2016Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2015Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
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219800000 USD
CY2016Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
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0 USD
CY2015Q4 us-gaap Litigation Reserve Current
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21900000 USD
CY2016Q3 us-gaap Litigation Reserve Current
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21400000 USD
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations
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1330400000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations
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293000000 USD
us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
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P24M
CY2016Q3 us-gaap Money Market Funds At Carrying Value
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16000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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117100000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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243000000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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117000000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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242800000 USD
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 Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-32800000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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-76800000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-164000000 USD
CY2015Q3 us-gaap Net Income Loss
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4800000 USD
us-gaap Net Income Loss
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19700000 USD
CY2016Q3 us-gaap Net Income Loss
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-140000000 USD
us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
51200000 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4800000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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19700000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2015Q3 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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CY2016Q3 us-gaap Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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CY2015Q4 us-gaap Notes And Loans Receivable Gross Current
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65100000 USD
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60400000 USD
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56700000 USD
CY2016Q3 us-gaap Notes And Loans Receivable Gross Noncurrent
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35100000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2015Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2016Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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107700000 USD
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112400000 USD
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45900000 USD
CY2016Q3 us-gaap Other Assets Current
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54500000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
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191200000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
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63100000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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200000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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1700000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
0 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
0 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
5700000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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37500000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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7000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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42700000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-1100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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0 USD
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87300000 USD
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65500000 USD
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us-gaap Other Noncash Income Expense
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2700000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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200000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
500000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3700000 USD
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us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 USD
CY2016Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
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44400000 USD
CY2016Q3 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
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36700000 USD
us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Debt Issuance Costs
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8900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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31900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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34800000 USD
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
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64200000 USD
us-gaap Proceeds From Accounts Receivable Securitization
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36500000 USD
us-gaap Proceeds From Contributions From Affiliates
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0 USD
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1361700000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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1600000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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262000000 USD
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169000000 USD
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20000000 USD
us-gaap Proceeds From Repayments Of Notes Payable
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us-gaap Proceeds From Repayments Of Notes Payable
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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6200000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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2300000 USD
CY2015Q4 us-gaap Product Liability Contingency Accrual Present Value
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21900000 USD
CY2016Q3 us-gaap Product Liability Contingency Accrual Present Value
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21400000 USD
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35900000 USD
CY2016Q3 us-gaap Product Warranty Accrual Classified Current
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38400000 USD
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410700000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
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315300000 USD
us-gaap Repayments Of Long Term Debt
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47600000 USD
us-gaap Repayments Of Long Term Debt
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1372000000 USD
CY2015Q3 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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400000 USD
CY2016Q3 us-gaap Restructuring Charges
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3900000 USD
us-gaap Restructuring Charges
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17100000 USD
CY2015Q4 us-gaap Restructuring Reserve
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6500000 USD
CY2016Q3 us-gaap Restructuring Reserve
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10200000 USD
us-gaap Restructuring Reserve Accrual Adjustment
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-13400000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
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539500000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
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238300000 USD
CY2015Q3 us-gaap Sales Revenue Net
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438200000 USD
us-gaap Sales Revenue Net
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1322600000 USD
CY2016Q3 us-gaap Sales Revenue Net
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349800000 USD
us-gaap Sales Revenue Net
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1234900000 USD
CY2014Q4 us-gaap Standard Product Warranty Accrual
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50200000 USD
CY2015Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
43900000 USD
CY2016Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
46100000 USD
CY2015 us-gaap Standard Product Warranty Accrual Currency Translation Increase Decrease
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-3400000 USD
us-gaap Standard Product Warranty Accrual Currency Translation Increase Decrease
StandardProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
500000 USD
CY2015 us-gaap Standard Product Warranty Accrual Payments
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52700000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
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StandardProductWarrantyAccrualWarrantiesIssued
49800000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
23800000 USD
CY2016Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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2400000.0 shares
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
819500000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
623500000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
26558767 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
24403841 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
71600000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
65800000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
19400000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17600000 USD
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
120200000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
136164053 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
135983603 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138422953 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
137390809 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
136164053 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
135983603 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138422953 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137390809 shares
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Recent Accounting Changes and Pronouncements</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15 "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments." This Update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice and affects all entities required to present a statement of cash flows under Topic 230. This standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU No. 2014-09 - "Revenue from Contracts with Customers" (Topic 606), which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. The new revenue recognition guidance was issued to provide a single, comprehensive revenue recognition model for all contracts with customer. Under the new guidance, an entity will recognize revenue to depict the transfer of promised goods or services to customer at an amount that the entity expects to be entitled to in exchange for those goods or services. A five step model has been introduced for an entity to apply when recognizing revenue. The new guidance also includes enhanced disclosure requirements, and is effective January 1, 2018, with early adoption January 1, 2017. Entities have the option to apply the new guidance under a retrospective approach to each prior reporting period presented, or a modified retrospective approach with the cumulative effect of initially applying the new guidance recognized at the date of initial application within the Consolidated Statement of Changes in Stockholder's Equity. We plan to adopt the new guidance effective January 1, 2018 and are in the process of evaluation the effect of the new guidance on our financial statements.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2016, the FASB issued ASU 2016-11 - "Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting (SEC Update)." This ASU discusses rescission of revenue and expense recognition for freight services, rescission of presentation of shipping and handling fees billed to a customer (classify as revenue only for those entities that record revenue based on gross amount billed to customer; classification of costs is an accounting policy decision, rescission of accounting by a customer for certain consideration received from a vendor (expense associated with a free product or service delivered at time of sale of another good or service should be classified as cost of sales) and rescission of accounting for gas-balancing arrangements. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09 - "Compensation-Stock Compensation" (Topic 718): Improvements to Employee Share-Based Payment Accounting." This update is part of the Simplification Initiative, and its objective is to identify, evaluate and improve areas of GAAP for which cost and complexity can be reduced while maintaining or improving usefulness of the information provided to users of financial statements. The update involves several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The effective date for this ASU is for annual periods beginning after December 15, 2016 and interim periods within those annual periods. Early adoption is permitted. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU No. 2016-06 - "Derivatives and Hedging: Contingent Put and Call Options in Debt Instruments." The amendments clarify the steps required to assess whether a call or put option meets the criteria for bifurcation as an embedded derivative. The ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2016. The Company is evaluating the impact, if any, the adoption of this ASU will have on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02 - "Leases", which is intended to improve financial reporting on leasing transactions. This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by lease terms of more than 12 months. This standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU 2016-01 - "Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities." ASU 2016-01 amends various aspects of the recognition, measurement, presentation, and disclosure for financial instruments. Most significantly, ASU 2016-01 requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of an investee) to be measured at fair value with changes in fair value recognized in net income (loss). ASU 2016-01 is effective for annual reporting periods, and interim periods within those years beginning after December 15, 2017. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2015, the FASB issued ASU No. 2015-15 - "Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements." This update clarifies the guidance related to accounting for debt issuance costs related to line-of-credit arrangements. In April 2015, the FASB issued ASU 2015-03, which requires entities to present debt issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of that debt liability; see further discussion of ASU 2015-03 below. The guidance in ASU 2015-03 did not address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. Given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to line-of-credit arrangements, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015, with early application permitted. The guidance will be applied on a retrospective basis. The Company adopted this guidance as required beginning January 1, 2016. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the FASB issued ASU No. 2015-11 - "Inventory (Topic 330): Simplifying the Measurement of Inventory." This update changes the guidance on accounting for inventory accounted for on a first-in first-out (FIFO) basis. Under the revised standard, an entity should measure FIFO inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured on a last-in, first-out (LIFO) basis. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016. The Company believes the adoption of this ASU will not have a material impact on its consolidated financial statements. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU No. 2015-05 - "Customer&#8217;s Accounting for Fees Paid in a Cloud Computing Arrangement." This update provides guidance on accounting for a software license in a cloud computing arrangement. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. Further, all software licenses are within the scope of Accounting Standards Codification Subtopic 350-40 and will be accounted for consistent with other licenses of intangible assets. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The Company adopted this guidance as required beginning January 1, 2016. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued ASU No. 2015-03 - "Simplifying the Presentation of Debt Issuance Costs." To simplify the presentation of debt issuance costs, this update requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts, rather than as a deferred asset. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this update. The amendments in this ASU effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The guidance is applied on a retrospective basis. The Company adopted this guidance as required beginning January 1, 2016. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2015, the FASB issued ASU No. 2015-02 - "Consolidation (Topic 820)&#8212;Amendments to the Consolidation Analysis." This update amends the current consolidation guidance for both the variable interest entity (VIE) and voting interest entity (VOE) consolidation models. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The Company adopted this guidance as required beginning January 1, 2016. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2015, the FASB issued ASU No. 2015-01 - "Income Statement&#8212;Extraordinary and Unusual Items." This update eliminates from GAAP the concept of extraordinary items. ASU 2015-01 is effective for the first interim period within fiscal years beginning after December 15, 2015. A reporting entity may apply the amendments prospectively or retrospectively to all prior periods presented in the financial statements. The Company adopted this guidance as required beginning January 1, 2016. The adoption of this guidance did not have a material impact on the Company's consolidated financial statements.</font></div></div>

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