2024 Q3 Form 10-Q Financial Statement

#000070092324000045 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $828.9M
YoY Change -6.72%
Cost Of Revenue $788.0M
YoY Change -1.31%
Gross Profit $40.84M
YoY Change -54.68%
Gross Profit Margin 4.93%
Selling, General & Admin $61.84M
YoY Change 7.03%
% of Gross Profit 151.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.27M
YoY Change 12.19%
% of Gross Profit 39.85%
Operating Expenses $61.84M
YoY Change 4.8%
Operating Profit -$20.71M
YoY Change -166.53%
Interest Expense $1.241M
YoY Change -229.14%
% of Operating Profit
Other Income/Expense, Net -$270.0K
YoY Change -325.0%
Pretax Income -$22.14M
YoY Change -170.06%
Income Tax -$6.860M
% Of Pretax Income
Net Earnings -$15.28M
YoY Change -168.59%
Net Earnings / Revenue -1.84%
Basic Earnings Per Share -$0.91
Diluted Earnings Per Share -$0.91
COMMON SHARES
Basic Shares Outstanding 16.51M shares 16.77M shares
Diluted Shares Outstanding 16.81M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.869M
YoY Change -91.82%
Cash & Equivalents $1.869M
Short-Term Investments
Other Short-Term Assets $35.87M
YoY Change -9.51%
Inventory
Prepaid Expenses
Receivables $554.8M
Other Receivables $22.44M
Total Short-Term Assets $1.017B
YoY Change 8.2%
LONG-TERM ASSETS
Property, Plant & Equipment $318.5M
YoY Change 15.41%
Goodwill $115.4M
YoY Change -1.37%
Intangibles $79.86M
YoY Change -7.16%
Long-Term Investments $12.86M
YoY Change 116.77%
Other Assets $5.667M
YoY Change -0.25%
Total Long-Term Assets $565.9M
YoY Change 7.88%
TOTAL ASSETS
Total Short-Term Assets $1.017B
Total Long-Term Assets $565.9M
Total Assets $1.583B
YoY Change 8.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $344.1M
YoY Change 1.9%
Accrued Expenses $34.66M
YoY Change -4.7%
Deferred Revenue $256.6M
YoY Change 12.15%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $6.617M
YoY Change -12.05%
Total Short-Term Liabilities $747.4M
YoY Change 9.19%
LONG-TERM LIABILITIES
Long-Term Debt $38.45M
YoY Change -5.13%
Other Long-Term Liabilities $33.12M
YoY Change -62.9%
Total Long-Term Liabilities $71.57M
YoY Change -44.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $747.4M
Total Long-Term Liabilities $71.57M
Total Liabilities $949.9M
YoY Change 10.39%
SHAREHOLDERS EQUITY
Retained Earnings $480.7M
YoY Change 6.92%
Common Stock $160.2M
YoY Change 0.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $633.3M
YoY Change
Total Liabilities & Shareholders Equity $1.583B
YoY Change 8.09%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$15.28M
YoY Change -168.59%
Depreciation, Depletion And Amortization $16.27M
YoY Change 12.19%
Cash From Operating Activities $22.68M
YoY Change -206.41%
INVESTING ACTIVITIES
Capital Expenditures $20.18M
YoY Change -8.76%
Acquisitions
YoY Change
Other Investing Activities $1.501M
YoY Change -16.24%
Cash From Investing Activities -$18.68M
YoY Change -8.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -5.825M
YoY Change -134.14%
NET CHANGE
Cash From Operating Activities 22.68M
Cash From Investing Activities -18.68M
Cash From Financing Activities -5.825M
Net Change In Cash -1.821M
YoY Change -92.59%
FREE CASH FLOW
Cash From Operating Activities $22.68M
Capital Expenditures $20.18M
Free Cash Flow $2.503M
YoY Change -105.76%

Facts In Submission

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http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
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us-gaap Amortization Of Intangible Assets
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us-gaap Increase Decrease In Insurance Settlements Receivable
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Payments To Acquire Property Plant And Equipment
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myrg Repurchase Of Common Stock Not Settled
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us-gaap Use Of Estimates
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<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the period reported. Actual results could differ from those estimates.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The most significant estimates are related to estimates of costs to complete contracts, pending change orders and claims, shared savings, insurance reserves, income tax reserves, estimates surrounding stock-based compensation, acquisition-related contingent earn-out consideration liabilities, the recoverability of goodwill and intangibles and allowance for doubtful accounts. The Company estimates a cost accrual every quarter that represents costs incurred but not invoiced for services performed or goods delivered during the period, and estimates revenue from the contract cost portion of these accruals based on current gross margin rates to be consistent with its cost method of revenue recognition.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As of June 30, 2024 and December 31, 2023, the Company had recognized revenues of $92.8 million and $76.5 million, respectively, related to large change orders and/or claims that had been included as contract price adjustments on certain contracts, some of which are multi-year projects. These change orders and/or claims are in the process of being negotiated in the normal course of business, and a portion of these recognized revenues had been included in multiple periods.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The cost-to-cost method of accounting requires the Company to make estimates about the expected revenue and gross profit on each of its contracts in process. During the three months ended June 30, 2024, changes in estimates pertaining to certain projects decreased consolidated gross margin by 7.2%, which resulted in decreases in operating income (loss) of $59.7 million, net income (loss) of $40.2 million and diluted earnings per common share of $2.39. During the six months ended June 30, 2024, changes in estimates pertaining to certain projects decreased consolidated gross margin by 4.2% and resulted in decreases in operating income of $68.4 million, net income of $46.1 million and diluted earnings per common share of $2.74. Additional discussion on the impact of these estimate changes can be found in Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Consolidated Results of Operations.”</span></div>During the three months ended June 30, 2023, changes in estimates pertaining to certain projects decreased consolidated gross margin by 1.3%, which resulted in decreases in operating income of $11.5 million, net income of $8.0 million and diluted earnings per common share of $0.48. During the six months ended June 30, 2023, changes in estimates pertaining to certain projects decreased consolidated gross margin by 1.0% and resulted in decreases in operating income of $17.8 million, net income of $12.4 million and diluted earnings per common share of $0.74.
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CY2023Q4 myrg Aggregate Costs Incurred On Uncompleted Contracts And Estimated Earnings
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UnbilledContractsReceivable
217083000 usd
CY2023Q4 myrg Contract With Customer Liability Excluding Provision For Loss On Contracts Current
ContractWithCustomerLiabilityExcludingProvisionForLossOnContractsCurrent
231604000 usd
CY2023Q4 myrg Net Costs And Estimated Earnings In Excess Of Billings
NetCostsAndEstimatedEarningsInExcessOfBillings
-14521000 usd
myrg Lessee Operating And Finance Leases Option To Extend Term
LesseeOperatingAndFinanceLeasesOptionToExtendTerm
P10Y
myrg Lessee Operating And Finance Leases Option To Terminate Period
LesseeOperatingAndFinanceLeasesOptionToTerminatePeriod
P1Y
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
35012000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
2363000 usd
CY2023Q4 myrg Operating And Finance Lease Right Of Use Asset
OperatingAndFinanceLeaseRightOfUseAsset
37375000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9237000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2039000 usd
CY2023Q4 myrg Lease Obligation Current
LeaseObligationCurrent
11276000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25775000 usd
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1645000 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
314000 usd
CY2023Q4 myrg Lease Obligation Noncurrent
LeaseObligationNoncurrent
26089000 usd
CY2023Q4 myrg Lease Obligation Total
LeaseObligationTotal
37365000 usd
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y10M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.031
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
534000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
45000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
7148000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
172000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
3929000 usd
us-gaap Lease Cost
LeaseCost
7899000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
7195000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
7259000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3366000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
0 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1768000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
7358000 usd
CY2024Q2 myrg Lease Liability To Be Paid Remainder Of Fiscal Year
LeaseLiabilityToBePaidRemainderOfFiscalYear
9126000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
870000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13650000 usd
CY2024Q2 myrg Lease Liability To Be Paid One Year
LeaseLiabilityToBePaidOneYear
14520000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
560000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11092000 usd
CY2024Q2 myrg Lease Liability To Be Paid Year Two
LeaseLiabilityToBePaidYearTwo
11652000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
560000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
6286000 usd
CY2024Q2 myrg Lease Liability To Be Paid Year Three
LeaseLiabilityToBePaidYearThree
6846000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
233000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4888000 usd
CY2024Q2 myrg Lease Liability To Be Paid Year Four
LeaseLiabilityToBePaidYearFour
5121000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
0 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2966000 usd
CY2024Q2 myrg Lease Liability To Be Paid Year Five
LeaseLiabilityToBePaidYearFive
2966000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
883000 usd
CY2024Q2 myrg Lease Liability To Be Paid After Year Five
LeaseLiabilityToBePaidAfterYearFive
883000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3991000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
47123000 usd
CY2024Q2 myrg Lease Liability To Be Paid
LeaseLiabilityToBePaid
51114000 usd
CY2024Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
178000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6754000 usd
CY2024Q2 myrg Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
6932000 usd
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
3813000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
40369000 usd
CY2024Q2 myrg Lease Liability
LeaseLiability
44182000 usd
CY2024Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2168000 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10472000 usd
CY2024Q2 myrg Lease Liability Current
LeaseLiabilityCurrent
12640000 usd
CY2024Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
1645000 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
29897000 usd
CY2024Q2 myrg Lease Liability Noncurrent
LeaseLiabilityNoncurrent
31542000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
45065000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
36241000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
6617000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7053000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
38448000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
29188000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
828890000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
888616000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1644452000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1700232000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
828890000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
888616000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1644452000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1700232000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2340000000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2338046000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1877151000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
460895000 usd
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.95
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.80
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.310
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-2.819
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.295
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.226
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
300000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
500000 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2024Q2 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
14900000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
828890000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1700232000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
59864000 usd
us-gaap Net Income Loss
NetIncomeLoss
45436000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16662000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
155000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16817000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.70
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
36397 shares
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5900000 usd
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
76150 shares
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
7900000 usd
CY2024Q2 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
75000000.0 usd
CY2023Q4 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
75000000 usd
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
117422 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
138.47
CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
58700000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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