2019 Q3 Form 10-Q Financial Statement

#000135059319000044 Filed on August 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2018 Q2
Revenue $266.9M $274.3M $250.2M
YoY Change 4.95% 9.63% 7.75%
Cost Of Revenue $178.1M $177.1M $175.7M
YoY Change 5.51% 0.8% 17.45%
Gross Profit $88.80M $97.20M $74.50M
YoY Change 3.86% 30.47% -9.81%
Gross Profit Margin 33.27% 35.44% 29.78%
Selling, General & Admin $48.50M $47.50M $41.30M
YoY Change 13.05% 15.01% 7.55%
% of Gross Profit 54.62% 48.87% 55.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.20M $13.30M $10.80M
YoY Change 24.56% 23.15% 5.88%
% of Gross Profit 15.99% 13.68% 14.5%
Operating Expenses $48.50M $50.00M $43.90M
YoY Change 13.05% 13.9% 10.86%
Operating Profit $39.00M $47.20M $30.60M
YoY Change -3.7% 54.25% -28.84%
Interest Expense -$4.200M -$4.200M -$2.900M
YoY Change -19.23% 44.83% -43.14%
% of Operating Profit -10.77% -8.9% -9.48%
Other Income/Expense, Net $400.0K -$4.600M -$9.300M
YoY Change -233.33% -50.54%
Pretax Income $51.60M $42.60M $21.30M
YoY Change 48.7% 100.0% -43.2%
Income Tax $11.40M $8.900M $6.000M
% Of Pretax Income 22.09% 20.89% 28.17%
Net Earnings $40.20M $33.70M $15.30M
YoY Change 60.8% 120.26% -36.25%
Net Earnings / Revenue 15.06% 12.29% 6.12%
Basic Earnings Per Share $0.26 $0.21 $0.10
Diluted Earnings Per Share $0.25 $0.21 $0.10
COMMON SHARES
Basic Shares Outstanding 157.4M shares 157.8M shares 158.1M shares
Diluted Shares Outstanding 158.8M shares 159.2M shares

Balance Sheet

Concept 2019 Q3 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $176.7M $140.7M $331.5M
YoY Change -49.09% -57.56% -6.14%
Cash & Equivalents $176.7M $140.7M $331.5M
Short-Term Investments
Other Short-Term Assets $26.00M $34.50M $20.20M
YoY Change 48.57% 70.79% 1.0%
Inventory $191.4M $197.2M $156.1M
Prepaid Expenses
Receivables $172.8M $168.4M $145.8M
Other Receivables $4.700M $10.70M $3.500M
Total Short-Term Assets $566.9M $540.8M $653.6M
YoY Change -17.3% -17.26% -0.21%
LONG-TERM ASSETS
Property, Plant & Equipment $217.1M $191.0M $129.0M
YoY Change 43.87% 48.06% 17.17%
Goodwill $95.70M $87.90M
YoY Change 690.91%
Intangibles $433.7M $439.2M $424.6M
YoY Change 6.27% 3.44% -3.94%
Long-Term Investments
YoY Change
Other Assets $23.90M $34.40M $26.10M
YoY Change -32.29% 31.8% -3.69%
Total Long-Term Assets $770.4M $752.5M $579.7M
YoY Change 27.04% 29.81% 0.09%
TOTAL ASSETS
Total Short-Term Assets $566.9M $540.8M $653.6M
Total Long-Term Assets $770.4M $752.5M $579.7M
Total Assets $1.337B $1.293B $1.233B
YoY Change 3.51% 4.86% -0.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.60M $70.10M $63.80M
YoY Change -6.0% 9.87% 8.69%
Accrued Expenses $93.00M $100.9M $34.80M
YoY Change 21.73% 189.94% 27.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $900.0K $900.0K $800.0K
YoY Change 28.57% 12.5% -85.45%
Total Short-Term Liabilities $178.5M $171.9M $127.4M
YoY Change 6.82% 34.93% 14.67%
LONG-TERM LIABILITIES
Long-Term Debt $445.4M $445.3M $444.5M
YoY Change 0.25% 0.18% -6.56%
Other Long-Term Liabilities $33.20M $25.70M $46.40M
YoY Change -9.04% -44.61% -46.11%
Total Long-Term Liabilities $478.6M $471.0M $490.9M
YoY Change -0.46% -4.05% -12.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $178.5M $171.9M $127.4M
Total Long-Term Liabilities $478.6M $471.0M $490.9M
Total Liabilities $745.0M $726.3M $695.2M
YoY Change 2.46% 4.47% -9.94%
SHAREHOLDERS EQUITY
Retained Earnings -$786.2M -$826.4M -$875.0M
YoY Change -7.51% -5.55% -10.25%
Common Stock $1.600M $1.600M $1.600M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $590.1M $565.0M $536.8M
YoY Change
Total Liabilities & Shareholders Equity $1.337B $1.293B $1.233B
YoY Change 3.51% 4.86% -0.07%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $40.20M $33.70M $15.30M
YoY Change 60.8% 120.26% -36.25%
Depreciation, Depletion And Amortization $14.20M $13.30M $10.80M
YoY Change 24.56% 23.15% 5.88%
Cash From Operating Activities $74.70M $46.90M $68.50M
YoY Change 18.57% -31.53% 60.05%
INVESTING ACTIVITIES
Capital Expenditures -$33.70M -$22.40M -$12.50M
YoY Change 17.01% 79.2% 66.67%
Acquisitions
YoY Change
Other Investing Activities $2.300M $0.00 $0.00
YoY Change 475.0% -100.0%
Cash From Investing Activities -$31.40M -$22.40M -$12.50M
YoY Change 10.56% 79.2% 71.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.000M -17.20M -47.60M
YoY Change -61.54% -63.87% 328.83%
NET CHANGE
Cash From Operating Activities 74.70M 46.90M 68.50M
Cash From Investing Activities -31.40M -22.40M -12.50M
Cash From Financing Activities -7.000M -17.20M -47.60M
Net Change In Cash 36.30M 7.300M 8.400M
YoY Change 121.34% -13.1% -65.57%
FREE CASH FLOW
Cash From Operating Activities $74.70M $46.90M $68.50M
Capital Expenditures -$33.70M -$22.40M -$12.50M
Free Cash Flow $108.4M $69.30M $81.00M
YoY Change 18.08% -14.44% 61.03%

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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3400000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-2300000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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0 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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-1600000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
0 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax
2400000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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0 USD
CY2018Q2 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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0 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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900000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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700000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-2500000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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5700000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
900000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
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34400000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12800000 USD
us-gaap Comprehensive Income Net Of Tax
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29300000 USD
us-gaap Comprehensive Income Net Of Tax
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81500000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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0 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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0 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2019Q2 us-gaap Net Income Loss
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33700000 USD
CY2018Q2 us-gaap Net Income Loss
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15300000 USD
us-gaap Net Income Loss
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23600000 USD
us-gaap Net Income Loss
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80600000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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567000000.0 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
538100000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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567000000.0 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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538100000 USD
us-gaap Net Income Loss
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23600000 USD
us-gaap Net Income Loss
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80600000 USD
us-gaap Depreciation
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19100000 USD
us-gaap Depreciation
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15300000 USD
us-gaap Adjustment For Amortization
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19700000 USD
us-gaap Adjustment For Amortization
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17000000.0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Share Based Compensation
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3400000 USD
us-gaap Share Based Compensation
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4300000 USD
us-gaap Pension And Other Postretirement Benefit Expense
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3700000 USD
us-gaap Pension And Other Postretirement Benefit Expense
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2100000 USD
us-gaap Deferred Income Tax Expense Benefit
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-2900000 USD
us-gaap Deferred Income Tax Expense Benefit
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-39700000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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9000000.0 USD
us-gaap Other Noncash Expense
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1500000 USD
us-gaap Other Noncash Expense
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4500000 USD
us-gaap Increase Decrease In Accounts Receivable
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-2900000 USD
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600000 USD
us-gaap Increase Decrease In Inventories
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23300000 USD
us-gaap Increase Decrease In Inventories
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18000000.0 USD
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16500000 USD
us-gaap Increase Decrease In Other Operating Assets
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3500000 USD
us-gaap Increase Decrease In Accounts Payable
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-25500000 USD
us-gaap Increase Decrease In Accounts Payable
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-18600000 USD
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38400000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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0 USD
us-gaap Increase Decrease In Other Current Liabilities
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-15900000 USD
us-gaap Increase Decrease In Other Current Liabilities
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17200000 USD
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12300000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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17800000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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70100000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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127500000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
us-gaap Payments To Acquire Productive Assets
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52900000 USD
us-gaap Payments To Acquire Productive Assets
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26900000 USD
us-gaap Proceeds From Sale Of Productive Assets
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0 USD
us-gaap Proceeds From Sale Of Productive Assets
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7400000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-180400000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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-19500000 USD
us-gaap Payments Of Dividends
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23700000 USD
us-gaap Payments Of Dividends
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22200000 USD
us-gaap Repayments Of Unsecured Debt
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13200000 USD
us-gaap Repayments Of Unsecured Debt
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0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1400000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2100000 USD
us-gaap Repayments Of Secured Debt
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0 USD
us-gaap Repayments Of Secured Debt
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486300000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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450000000.0 USD
us-gaap Proceeds From Issuance Of Common Stock
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4100000 USD
us-gaap Proceeds From Issuance Of Common Stock
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6900000 USD
us-gaap Payments Of Debt Issuance Costs
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0 USD
us-gaap Payments Of Debt Issuance Costs
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6600000 USD
us-gaap Payments For Repurchase Of Common Stock
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10000000.0 USD
us-gaap Payments For Repurchase Of Common Stock
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20000000.0 USD
us-gaap Proceeds From Payments For Other Financing Activities
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300000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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200000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-43900000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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-80100000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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100000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-700000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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-206400000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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-30200000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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347100000 USD
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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361700000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
140700000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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331500000 USD
us-gaap Number Of Reportable Segments
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2000000
CY2014Q3 us-gaap Variable Interest Entity Ownership Percentage
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0.49
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2019Q2 us-gaap Other Nonrecurring Expense
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700000 USD
us-gaap Other Nonrecurring Income Expense
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4900000 USD
CY2018Q3 us-gaap Restructuring Reserve
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900000 USD
CY2017Q3 us-gaap Restructuring Reserve
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3300000 USD
us-gaap Payments For Restructuring
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4600000 USD
us-gaap Payments For Restructuring
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6300000 USD
CY2019Q2 us-gaap Restructuring Reserve
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1800000 USD
CY2018Q2 us-gaap Restructuring Reserve
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1400000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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9000000.0 USD
CY2018Q4 us-gaap Business Combination Consideration Transferred1
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140700000 USD
us-gaap Repayments Of Unsecured Debt
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13200000 USD
CY2017 us-gaap Business Acquisition Revenue Reported By Acquired Entity For Last Annual Period
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43000000.0 USD
CY2019Q2 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Intangibles
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5300000 USD
CY2019Q2 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Financial Liabilities
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1900000 USD
CY2019Q2 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Financial Assets
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentFinancialAssets
3400000 USD
us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
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23000000.0 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
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6900000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
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17000000.0 USD
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200000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
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8400000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
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4600000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
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74400000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
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5500000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
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2900000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities Noncurrent
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5500000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
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140700000 USD
us-gaap Repayments Of Unsecured Debt
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13200000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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127500000 USD
CY2019Q1 us-gaap Intangible Assets Gross Excluding Goodwill
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47700000 USD
CY2019Q2 us-gaap Billed Contract Receivables
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164900000 USD
CY2018Q3 us-gaap Billed Contract Receivables
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165300000 USD
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6300000 USD
CY2018Q3 us-gaap Unbilled Receivables Current
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2400000 USD
CY2019Q2 us-gaap Accounts Receivable Gross Current
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171200000 USD
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167700000 USD
CY2019Q2 us-gaap Deferred Revenue
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3700000 USD
CY2018Q3 us-gaap Deferred Revenue
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3300000 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2017 mwa Weighted Average Deferred Income Tax Provision Rate
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0.39
CY2017Q4 mwa Weighted Average Deferred Income Tax Provision Rate
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us-gaap Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
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42500000 USD
CY2018Q1 mwa Transition Tax Expense
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7500000 USD
CY2018Q4 mwa Transition Tax Trueup
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600000 USD
CY2019Q2 mwa Transition Tax Liability
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6400000 USD
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.245
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.245
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.045
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.048
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.056
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.045
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.003
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.002
us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.014
us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.012
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.017
us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0
us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0.016
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
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0.012
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.011
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
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0.027
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
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0.010
CY2019Q2 mwa Effective Income Tax Rate Reconciliation Gilt Ipercent
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0.006
CY2018Q2 mwa Effective Income Tax Rate Reconciliation Gilt Ipercent
EffectiveIncomeTaxRateReconciliationGILTIpercent
0
mwa Effective Income Tax Rate Reconciliation Gilt Ipercent
EffectiveIncomeTaxRateReconciliationGILTIpercent
0.012
mwa Effective Income Tax Rate Reconciliation Gilt Ipercent
EffectiveIncomeTaxRateReconciliationGILTIpercent
0
CY2019Q2 mwa Effective Income Tax Rate Reconciliation Fin48 Statute Release
EffectiveIncomeTaxRateReconciliationFIN48StatuteRelease
-0.052
CY2018Q2 mwa Effective Income Tax Rate Reconciliation Fin48 Statute Release
EffectiveIncomeTaxRateReconciliationFIN48StatuteRelease
0
mwa Effective Income Tax Rate Reconciliation Fin48 Statute Release
EffectiveIncomeTaxRateReconciliationFIN48StatuteRelease
-0.072
mwa Effective Income Tax Rate Reconciliation Fin48 Statute Release
EffectiveIncomeTaxRateReconciliationFIN48StatuteRelease
0
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.019
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.019
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.036
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.002
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.004
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.046
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2019Q2 mwa Effective Income Tax Rate Reconciliation Transition Tax
EffectiveIncomeTaxRateReconciliationTransitionTax
0
CY2018Q2 mwa Effective Income Tax Rate Reconciliation Transition Tax
EffectiveIncomeTaxRateReconciliationTransitionTax
0
mwa Effective Income Tax Rate Reconciliation Transition Tax
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-0.019
mwa Effective Income Tax Rate Reconciliation Transition Tax
EffectiveIncomeTaxRateReconciliationTransitionTax
0.123
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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0
CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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-0.698
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.209
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.282
us-gaap Effective Income Tax Rate Continuing Operations
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0.227
us-gaap Effective Income Tax Rate Continuing Operations
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-0.321
CY2019Q2 us-gaap Unrecognized Tax Benefits
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1200000 USD
CY2018Q3 us-gaap Unrecognized Tax Benefits
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3300000 USD
CY2019Q2 us-gaap Long Term Debt
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452200000 USD
CY2018Q3 us-gaap Long Term Debt
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451600000 USD
CY2019Q2 us-gaap Deferred Finance Costs Net
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6000000.0 USD
CY2018Q3 us-gaap Deferred Finance Costs Net
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6600000 USD
CY2019Q2 us-gaap Long Term Debt Current
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900000 USD
CY2018Q3 us-gaap Long Term Debt Current
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700000 USD
CY2019Q2 us-gaap Long Term Debt Noncurrent
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445300000 USD
CY2018Q3 us-gaap Long Term Debt Noncurrent
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444300000 USD
us-gaap Line Of Credit Facility Expiration Date1
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2021-07-13
us-gaap Interest Costs Capitalized
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1200000 USD
CY2019Q2 us-gaap Defined Benefit Plan Service Cost
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400000 USD
CY2018Q2 us-gaap Defined Benefit Plan Service Cost
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500000 USD
us-gaap Defined Benefit Plan Service Cost
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1200000 USD
us-gaap Defined Benefit Plan Service Cost
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1400000 USD
CY2019Q2 us-gaap Defined Benefit Plan Interest Cost
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3500000 USD
CY2018Q2 us-gaap Defined Benefit Plan Interest Cost
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3500000 USD
us-gaap Defined Benefit Plan Interest Cost
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10500000 USD
us-gaap Defined Benefit Plan Interest Cost
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10700000 USD
CY2019Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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4100000 USD
CY2018Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
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4100000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
12200000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
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12400000 USD
CY2019Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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-500000 USD
CY2018Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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-800000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1500000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-2400000 USD
CY2019Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
CY2018Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
-1000000.0 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
CY2019Q2 us-gaap Land
Land
5500000 USD
CY2018Q3 us-gaap Land
Land
5400000 USD
CY2019Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
59700000 USD
CY2018Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
55900000 USD
CY2019Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
338300000 USD
CY2019Q2 mwa Defined Benefit Plan Net Periodic Benefit Costotherthan Service Cost
DefinedBenefitPlanNetPeriodicBenefitCostotherthanServiceCost
-100000 USD
CY2018Q2 mwa Defined Benefit Plan Net Periodic Benefit Costotherthan Service Cost
DefinedBenefitPlanNetPeriodicBenefitCostotherthanServiceCost
200000 USD
mwa Defined Benefit Plan Net Periodic Benefit Costotherthan Service Cost
DefinedBenefitPlanNetPeriodicBenefitCostotherthanServiceCost
800000 USD
mwa Defined Benefit Plan Net Periodic Benefit Costotherthan Service Cost
DefinedBenefitPlanNetPeriodicBenefitCostotherthanServiceCost
700000 USD
CY2019Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
300000 USD
CY2018Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
700000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2000000.0 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2100000 USD
CY2019Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
1000000.0 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
1100000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
6400000 USD
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1400000 USD
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1200000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4200000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5300000 USD
CY2018Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
7700000 USD
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
202245 shares
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
213599 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
167775 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
245033 shares
CY2019Q2 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
98400000 USD
CY2018Q3 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
81600000 USD
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
45900000 USD
CY2018Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
37800000 USD
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
52900000 USD
CY2018Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
37200000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
197200000 USD
CY2018Q3 us-gaap Inventory Net
InventoryNet
156600000 USD
CY2019Q2 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
4000000.0 USD
CY2018Q3 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
3500000 USD
CY2019Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
10700000 USD
CY2018Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1600000 USD
CY2019Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
19800000 USD
CY2018Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
12400000 USD
CY2019Q2 us-gaap Other Assets Current
OtherAssetsCurrent
34500000 USD
CY2018Q3 us-gaap Other Assets Current
OtherAssetsCurrent
17500000 USD
CY2018Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
311400000 USD
CY2019Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
54600000 USD
CY2018Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
22200000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
458100000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
394900000 USD
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
267100000 USD
CY2018Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
244000000.0 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
191000000.0 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
150900000 USD
CY2019Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
27500000 USD
CY2018Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
31700000 USD
CY2019Q2 mwa Accrued Rebate
AccruedRebate
8100000 USD
CY2018Q3 mwa Accrued Rebate
AccruedRebate
9700000 USD
CY2019Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
3800000 USD
CY2018Q3 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
3300000 USD
CY2019Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7100000 USD
CY2018Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
6000000.0 USD
CY2019Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
200000 USD
CY2018Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
7600000 USD
CY2019Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
1200000 USD
CY2018Q3 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
1200000 USD
CY2019Q2 us-gaap Interest Payable Current
InterestPayableCurrent
1200000 USD
CY2018Q3 us-gaap Interest Payable Current
InterestPayableCurrent
8000000.0 USD
CY2019Q2 us-gaap Restructuring Reserve
RestructuringReserve
1800000 USD
CY2018Q3 us-gaap Restructuring Reserve
RestructuringReserve
900000 USD
CY2019Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
38400000 USD
CY2018Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2019Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
11600000 USD
CY2018Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8000000.0 USD
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
100900000 USD
CY2018Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
76400000 USD
CY2019Q2 us-gaap Revenues
Revenues
274300000 USD
CY2018Q2 us-gaap Revenues
Revenues
250200000 USD
us-gaap Revenues
Revenues
701100000 USD
us-gaap Revenues
Revenues
661700000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
47200000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
30600000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
85300000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
81200000 USD
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
13300000 USD
CY2018Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10800000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38800000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32300000 USD
CY2019Q2 us-gaap Restructuring Charges
RestructuringCharges
2500000 USD
CY2018Q2 us-gaap Restructuring Charges
RestructuringCharges
2600000 USD
us-gaap Restructuring Charges
RestructuringCharges
12600000 USD
us-gaap Restructuring Charges
RestructuringCharges
8400000 USD
CY2019Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
22400000 USD
CY2018Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
12500000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
52900000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
26900000 USD
CY2018Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
26500000 USD
CY2018Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-6300000 USD
CY2018Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-32800000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2300000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3400000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5700000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
24200000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-2900000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-27100000 USD
CY2018Q4 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
10000000.0 CAD
CY2018Q4 us-gaap Income Tax Examination Estimate Of Possible Loss
IncomeTaxExaminationEstimateOfPossibleLoss
37400000 USD
CY2018Q4 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
37400000 USD
CY2019Q1 us-gaap Income Tax Examination Interest Expense
IncomeTaxExaminationInterestExpense
500000 USD
CY2019Q2 us-gaap Income Tax Examination Interest Expense
IncomeTaxExaminationInterestExpense
500000 USD
CY2019Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
7000000 USD
CY2019Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
31000000 USD

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