2020 Q3 Form 10-Q Financial Statement

#000135059320000049 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2020 Q2 2019 Q2
Revenue $265.3M $228.5M $274.3M
YoY Change -0.6% -16.7% 9.63%
Cost Of Revenue $171.4M $152.8M $177.1M
YoY Change -3.76% -13.72% 0.8%
Gross Profit $93.90M $75.70M $97.20M
YoY Change 5.74% -22.12% 30.47%
Gross Profit Margin 35.39% 33.13% 35.44%
Selling, General & Admin $52.10M $47.10M $47.50M
YoY Change 7.42% -0.84% 15.01%
% of Gross Profit 55.48% 62.22% 48.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.00M $14.50M $13.30M
YoY Change 5.63% 9.02% 23.15%
% of Gross Profit 15.97% 19.15% 13.68%
Operating Expenses $52.10M $55.70M $50.00M
YoY Change 7.42% 11.4% 13.9%
Operating Profit $40.70M $20.00M $47.20M
YoY Change 4.36% -57.63% 54.25%
Interest Expense -$6.000M -$6.100M -$4.200M
YoY Change 42.86% 45.24% 44.83%
% of Operating Profit -14.74% -30.5% -8.9%
Other Income/Expense, Net $800.0K -$5.400M -$4.600M
YoY Change 100.0% 17.39% -50.54%
Pretax Income $35.50M $14.60M $42.60M
YoY Change -31.2% -65.73% 100.0%
Income Tax $8.800M $3.400M $8.900M
% Of Pretax Income 24.79% 23.29% 20.89%
Net Earnings $26.70M $11.20M $33.70M
YoY Change -33.58% -66.77% 120.26%
Net Earnings / Revenue 10.06% 4.9% 12.29%
Basic Earnings Per Share $0.17 $0.07 $0.21
Diluted Earnings Per Share $0.17 $0.07 $0.21
COMMON SHARES
Basic Shares Outstanding 157.8M shares 157.8M shares 157.8M shares
Diluted Shares Outstanding 158.5M shares 158.8M shares

Balance Sheet

Concept 2020 Q3 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $208.9M $170.7M $140.7M
YoY Change 18.22% 21.32% -57.56%
Cash & Equivalents $208.9M $170.7M $140.7M
Short-Term Investments
Other Short-Term Assets $29.00M $28.10M $34.50M
YoY Change 11.54% -18.55% 70.79%
Inventory $162.5M $180.3M $197.2M
Prepaid Expenses
Receivables $180.8M $155.3M $168.4M
Other Receivables $14.00M $23.30M $10.70M
Total Short-Term Assets $581.2M $534.4M $540.8M
YoY Change 2.52% -1.18% -17.26%
LONG-TERM ASSETS
Property, Plant & Equipment $253.8M $244.9M $191.0M
YoY Change 16.9% 28.22% 48.06%
Goodwill $99.80M $96.40M $87.90M
YoY Change 4.28% 9.67%
Intangibles $408.9M $413.7M $439.2M
YoY Change -5.72% -5.81% 3.44%
Long-Term Investments
YoY Change
Other Assets $51.30M $51.20M $34.40M
YoY Change 114.64% 48.84% 31.8%
Total Long-Term Assets $813.8M $806.2M $752.5M
YoY Change 5.63% 7.14% 29.81%
TOTAL ASSETS
Total Short-Term Assets $581.2M $534.4M $540.8M
Total Long-Term Assets $813.8M $806.2M $752.5M
Total Assets $1.395B $1.341B $1.293B
YoY Change 4.31% 3.66% 4.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.30M $59.00M $70.10M
YoY Change -20.45% -15.83% 9.87%
Accrued Expenses $86.60M $84.80M $100.9M
YoY Change -6.88% -15.96% 189.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.100M $1.200M $900.0K
YoY Change 22.22% 33.33% 12.5%
Total Short-Term Liabilities $155.0M $145.0M $171.9M
YoY Change -13.17% -15.65% 34.93%
LONG-TERM LIABILITIES
Long-Term Debt $446.5M $446.4M $445.3M
YoY Change 0.25% 0.25% 0.18%
Other Long-Term Liabilities $56.30M $49.60M $25.70M
YoY Change 69.58% 93.0% -44.61%
Total Long-Term Liabilities $502.8M $496.0M $471.0M
YoY Change 5.06% 5.31% -4.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $155.0M $145.0M $171.9M
Total Long-Term Liabilities $502.8M $496.0M $471.0M
Total Liabilities $754.3M $730.9M $726.3M
YoY Change 1.25% 0.63% 4.47%
SHAREHOLDERS EQUITY
Retained Earnings -$714.2M -$740.9M -$826.4M
YoY Change -9.16% -10.35% -5.55%
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 $640.7M $609.7M $565.0M
YoY Change
Total Liabilities & Shareholders Equity $1.395B $1.341B $1.293B
YoY Change 4.31% 3.66% 4.86%

Cashflow Statement

Concept 2020 Q3 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $26.70M $11.20M $33.70M
YoY Change -33.58% -66.77% 120.26%
Depreciation, Depletion And Amortization $15.00M $14.50M $13.30M
YoY Change 5.63% 9.02% 23.15%
Cash From Operating Activities $62.50M $80.80M $46.90M
YoY Change -16.33% 72.28% -31.53%
INVESTING ACTIVITIES
Capital Expenditures -$16.50M -$13.90M -$22.40M
YoY Change -51.04% -37.95% 79.2%
Acquisitions
YoY Change
Other Investing Activities -$100.0K $200.0K $0.00
YoY Change -104.35%
Cash From Investing Activities -$16.60M -$13.70M -$22.40M
YoY Change -47.13% -38.84% 79.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.800M -7.800M -17.20M
YoY Change 25.71% -54.65% -63.87%
NET CHANGE
Cash From Operating Activities 62.50M 80.80M 46.90M
Cash From Investing Activities -16.60M -13.70M -22.40M
Cash From Financing Activities -8.800M -7.800M -17.20M
Net Change In Cash 37.10M 59.30M 7.300M
YoY Change 2.2% 712.33% -13.1%
FREE CASH FLOW
Cash From Operating Activities $62.50M $80.80M $46.90M
Capital Expenditures -$16.50M -$13.90M -$22.40M
Free Cash Flow $79.00M $94.70M $69.30M
YoY Change -27.12% 36.65% -14.44%

Facts In Submission

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CY2019Q2 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
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
11200000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
33700000 USD
us-gaap Net Income Loss
NetIncomeLoss
45300000 USD
us-gaap Net Income Loss
NetIncomeLoss
23600000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
609700000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
567000000.0 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
609700000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
567000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
45300000 USD
us-gaap Net Income Loss
NetIncomeLoss
23600000 USD
us-gaap Net Income Loss
NetIncomeLoss
23600000 USD
us-gaap Net Income Loss
NetIncomeLoss
23600000 USD
us-gaap Depreciation
Depreciation
21700000 USD
us-gaap Depreciation
Depreciation
19100000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
21100000 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
19700000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3800000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3400000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
2200000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
3700000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1400000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2900000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-7200000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1500000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-17400000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2900000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5000000.0 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
23300000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-700000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
16500000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-25600000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-25500000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-22000000.0 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
38400000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
6000000.0 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-15900000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-6400000 USD
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-10400000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
77800000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17800000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
127500000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
51200000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
52900000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
300000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-50900000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-180400000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
24900000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
23700000 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
13200000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
5200000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
700000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1400000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2600000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4100000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5000000.0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10000000.0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
600000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
300000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-32600000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-43900000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-300000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
100000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6000000.0 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-206400000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
176700000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
347100000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
170700000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
140700000 USD
CY2014Q3 us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.49
CY2014Q4 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1700000 USD
CY2019Q4 us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.51
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
1700000 USD
CY2018Q3 us-gaap Restructuring Reserve
RestructuringReserve
900000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
1500000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
4600000 USD
CY2020Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
3300000 USD
CY2019Q2 us-gaap Restructuring Reserve
RestructuringReserve
1800000 USD
CY2018Q4 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
140700000 USD
CY2018Q4 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
13200000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
6900000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
17000000.0 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
200000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
8100000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentAssets
1700000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
4600000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
80400000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
5500000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
2900000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
11200000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
1700000 USD
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
140700000 USD
CY2018Q4 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
13200000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
127500000 USD
CY2018Q4 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P12Y
CY2020Q2 us-gaap Billed Contract Receivables
BilledContractReceivables
153700000 USD
CY2019Q3 us-gaap Billed Contract Receivables
BilledContractReceivables
171000000.0 USD
CY2020Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
4500000 USD
CY2019Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
4500000 USD
CY2020Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
158200000 USD
CY2019Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
175500000 USD
CY2020Q2 us-gaap Deferred Revenue
DeferredRevenue
5400000 USD
CY2019Q3 us-gaap Deferred Revenue
DeferredRevenue
4700000 USD
CY2020Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
1600000 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
4700000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
300000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1000000.0 USD
CY2020Q2 mwa Total Lease Expense
TotalLeaseExpense
1900000 USD
mwa Total Lease Expense
TotalLeaseExpense
5700000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
4500000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1000000.0 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
26300000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2600000 USD
CY2020Q2 mwa Total Right Of Use Assets
TotalRightOfUseAssets
28900000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4200000 USD
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23800000 USD
CY2020Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1200000 USD
CY2020Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1600000 USD
CY2020Q2 mwa Total Lease Liabilities
TotalLeaseLiabilities
30800000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y11M26D
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y7M17D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0565
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0503
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1600000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
400000 USD
CY2019Q2 mwa Effective Income Tax Rate Reconciliation Gilt Ipercent
EffectiveIncomeTaxRateReconciliationGILTIpercent
0.006
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5500000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1200000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4700000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
800000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4300000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
500000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4100000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
100000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
16100000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
36300000 USD
CY2020Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3000000.0 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8300000 USD
CY2020Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
200000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
28000000.0 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
2800000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.045
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.045
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.045
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.056
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.003
us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.006
us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.014
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.017
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.012
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.026
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.027
CY2020Q2 mwa Effective Income Tax Rate Reconciliation Gilt Ipercent
EffectiveIncomeTaxRateReconciliationGILTIpercent
-0.002
mwa Effective Income Tax Rate Reconciliation Gilt Ipercent
EffectiveIncomeTaxRateReconciliationGILTIpercent
-0.001
mwa Effective Income Tax Rate Reconciliation Gilt Ipercent
EffectiveIncomeTaxRateReconciliationGILTIpercent
0.012
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.005
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.006
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.003
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.005
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2020Q2 mwa Effective Income Tax Rate Reconciliation Fin48 Statute Release
EffectiveIncomeTaxRateReconciliationFIN48StatuteRelease
-0.021
CY2019Q2 mwa Effective Income Tax Rate Reconciliation Fin48 Statute Release
EffectiveIncomeTaxRateReconciliationFIN48StatuteRelease
-0.052
mwa Effective Income Tax Rate Reconciliation Fin48 Statute Release
EffectiveIncomeTaxRateReconciliationFIN48StatuteRelease
-0.005
mwa Effective Income Tax Rate Reconciliation Fin48 Statute Release
EffectiveIncomeTaxRateReconciliationFIN48StatuteRelease
-0.072
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.026
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.019
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.020
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
8400000 USD
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.036
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
CY2019Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.004
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.046
CY2020Q2 mwa Effective Income Tax Rate Reconciliation Transition Tax
EffectiveIncomeTaxRateReconciliationTransitionTax
0
CY2019Q2 mwa Effective Income Tax Rate Reconciliation Transition Tax
EffectiveIncomeTaxRateReconciliationTransitionTax
0
mwa Effective Income Tax Rate Reconciliation Transition Tax
EffectiveIncomeTaxRateReconciliationTransitionTax
0
mwa Effective Income Tax Rate Reconciliation Transition Tax
EffectiveIncomeTaxRateReconciliationTransitionTax
-0.019
CY2020Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3500000 USD
CY2019Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3300000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
452800000 USD
CY2019Q3 us-gaap Long Term Debt
LongTermDebt
452100000 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5100000 USD
CY2019Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5800000 USD
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
1200000 USD
CY2019Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
900000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
446400000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
445400000 USD
CY2020Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
400000 USD
CY2019Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
400000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1200000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1200000 USD
CY2020Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
2800000 USD
CY2019Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3500000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
10500000 USD
CY2020Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
4200000 USD
CY2019Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
4100000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
12600000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
12200000 USD
CY2020Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-700000 USD
CY2019Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-500000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-2000000.0 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1500000 USD
CY2020Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
CY2019Q2 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
0 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
-1000000.0 USD
CY2020Q2 mwa Defined Benefit Plan Net Periodic Benefit Costotherthan Service Cost
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