$NDSN
NORDSON CORP

2017 Q2 Form 10-Q Financial Statement

#000156459017012377 Filed on June 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q4
Revenue $496.1M $407.5M $509.3M
YoY Change 13.38% 9.47% 14.14%
Cost Of Revenue $220.6M $182.3M $234.3M
YoY Change 16.6% 3.99% 10.88%
Gross Profit $275.5M $225.1M $275.0M
YoY Change 10.91% 14.34% 17.08%
Gross Profit Margin 55.53% 55.25% 53.99%
Selling, General & Admin $171.5M $149.0M $157.7M
YoY Change 17.06% 2.81% 6.7%
% of Gross Profit 62.25% 66.18% 57.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.90M $18.50M $17.50M
YoY Change 16.11% 7.48% 8.7%
% of Gross Profit 7.59% 8.22% 6.36%
Operating Expenses $171.5M $149.1M $157.7M
YoY Change 17.06% 2.88% 6.63%
Operating Profit $103.5M $76.04M $117.3M
YoY Change 1.6% 46.29% 34.85%
Interest Expense $7.907M -$5.400M -$5.500M
YoY Change 58.14% -192.4% 10.0%
% of Operating Profit 7.64% -7.1% -4.69%
Other Income/Expense, Net -$2.300M -$200.0K -$1.200M
YoY Change -209.52% -95.92% -180.0%
Pretax Income $94.60M $70.40M $105.4M
YoY Change -4.25% 49.55% 46.19%
Income Tax $30.05M $20.40M $29.50M
% Of Pretax Income 31.77% 28.98% 27.99%
Net Earnings $64.52M $49.99M $75.87M
YoY Change -8.61% 21.45% 52.88%
Net Earnings / Revenue 13.01% 12.27% 14.9%
Basic Earnings Per Share $1.12 $0.87 $1.33
Diluted Earnings Per Share $1.11 $0.86 $1.31
COMMON SHARES
Basic Shares Outstanding 57.55M 57.35M
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $88.40M $87.70M $67.20M
YoY Change 84.55% 44.48% 33.6%
Cash & Equivalents $88.41M $87.66M $67.24M
Short-Term Investments
Other Short-Term Assets $35.90M $32.70M $29.40M
YoY Change -31.09% -36.5% -36.23%
Inventory $275.8M $241.3M $220.4M
Prepaid Expenses $35.90M $32.67M $29.42M
Receivables $428.7M $358.4M $428.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $828.8M $720.0M $745.6M
YoY Change 14.56% 5.74% 4.78%
LONG-TERM ASSETS
Property, Plant & Equipment $320.0M $269.8M $273.1M
YoY Change 24.41% 7.6% 9.28%
Goodwill $1.606B $465.5M $1.107B
YoY Change 2.29%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $31.00M $26.32M $23.76M
YoY Change -18.42% -30.37% -28.88%
Total Long-Term Assets $2.550B $1.673B $1.675B
YoY Change 54.69% 2.25% 1.72%
TOTAL ASSETS
Total Short-Term Assets $828.8M $720.0M $745.6M
Total Long-Term Assets $2.550B $1.673B $1.675B
Total Assets $3.379B $2.393B $2.421B
YoY Change 42.45% 3.27% 2.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $85.19M $73.96M $75.13M
YoY Change 26.58% 21.25% 10.11%
Accrued Expenses $164.6M $117.4M $162.8M
YoY Change 40.11% 14.88% 15.52%
Deferred Revenue
YoY Change
Short-Term Debt $2.900M $4.000M $2.100M
YoY Change -59.72% -55.06% 90.91%
Long-Term Debt Due $138.1M $38.08M $38.09M
YoY Change 790.86% 138.02% 66.77%
Total Short-Term Liabilities $456.5M $290.2M $331.5M
YoY Change 68.57% 22.56% 14.02%
LONG-TERM LIABILITIES
Long-Term Debt $1.574B $912.4M $942.8M
YoY Change 49.21% -18.26% -13.72%
Other Long-Term Liabilities $34.12M $33.61M $22.34M
YoY Change -84.46% -85.06% -31.84%
Total Long-Term Liabilities $1.608B $946.0M $965.1M
YoY Change 26.19% -29.47% -14.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $456.5M $290.2M $331.5M
Total Long-Term Liabilities $1.608B $946.0M $965.1M
Total Liabilities $2.065B $1.236B $1.297B
YoY Change 26.25% -25.85% -8.44%
SHAREHOLDERS EQUITY
Retained Earnings $2.016B $1.967B $1.933B
YoY Change 12.54%
Common Stock $411.4M $400.6M $388.9M
YoY Change 7.65%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.301B $1.302B $1.302B
YoY Change 2.19%
Treasury Stock Shares
Shareholders Equity $962.3M $893.8M $851.6M
YoY Change
Total Liabilities & Shareholders Equity $3.379B $2.393B $2.421B
YoY Change 42.45% 3.27% 2.55%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q4
OPERATING ACTIVITIES
Net Income $64.52M $49.99M $75.87M
YoY Change -8.61% 21.45% 52.88%
Depreciation, Depletion And Amortization $20.90M $18.50M $17.50M
YoY Change 16.11% 7.48% 8.7%
Cash From Operating Activities $58.20M $81.20M $136.5M
YoY Change -25.77% 67.42% 44.14%
INVESTING ACTIVITIES
Capital Expenditures -$16.90M $10.08M -$15.40M
YoY Change 17.36% -9.14% 16.67%
Acquisitions $14.00M
YoY Change
Other Investing Activities -$793.6M -$13.10M -$42.40M
YoY Change -99300.0% -13200.0% -29.92%
Cash From Investing Activities -$810.5M -$23.20M -$57.80M
YoY Change 5816.06% 110.91% -21.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$5.166M
YoY Change
Debt Paid & Issued, Net $43.64M
YoY Change
Cash From Financing Activities 752.2M -38.40M -69.10M
YoY Change -1041.43% 47.69% 115.26%
NET CHANGE
Cash From Operating Activities 58.20M 81.20M 136.5M
Cash From Investing Activities -810.5M -23.20M -57.80M
Cash From Financing Activities 752.2M -38.40M -69.10M
Net Change In Cash -100.0K 19.60M 9.600M
YoY Change -99.34% 70.43% -186.49%
FREE CASH FLOW
Cash From Operating Activities $58.20M $81.20M $136.5M
Capital Expenditures -$16.90M $10.08M -$15.40M
Free Cash Flow $75.10M $71.12M $151.9M
YoY Change -19.07% 90.13% 40.78%

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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">2.</font></p></td> <td valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;font-weight:bold;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Recently issued accounting standards&nbsp;&nbsp;</p></td></tr></table></div> <p style="text-align:left;margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;font-family:Times New Roman;letter-spacing:0pt;letter-spacing:-0.15pt;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard regarding revenue recognition.&nbsp;&nbsp;Under this standard, a company recognizes revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The standard implements a five-step process for customer contract revenue recognition that focuses on transfer of control.&nbsp;&nbsp;In August 2015, the FASB issued a standard to delay the effective date by one year. In accordance with this delay, the new standard is effective for us beginning in the first quarter of 2019. Early adoption is permitted. The new standard is required to be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying it recognized at the date of initial application. We are currently reviewing the guidance as compared to our current accounting policies and assessing the impact this standard, along with the subsequent updates and clarifications, will have on our consolidated financial statements and disclosures.&nbsp;&nbsp;During 2017, we plan to assess the impact the new standard may have on our customer contracts and consider our method of adoption.</p> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In February 2016, the FASB issued a new standard which requires a lessee to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases with a lease term of more than twelve months. Leases will continue to be classified as either financing or operating, with classification affecting the recognition, measurement and presentation of expenses and cash flows arising from a lease. It will be effective for us beginning in 2020. We are currently assessing the impact this standard will have on our consolidated financial statements.</p> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In March 2016, the FASB issued a new standard which simplifies the accounting for share-based payment transactions. This guidance requires that excess tax benefits and tax deficiencies be recognized as income tax expense or benefit in the Consolidated Statements of Income rather than additional paid-in capital. Additionally, the excess tax benefits will be classified along with other income tax cash flows as an operating activity, rather than a financing activity, on the Statement of Cash Flows. Further, the update allows an entity to make a policy election to recognize forfeitures as they occur or estimate the number of awards expected to be forfeited. It will be effective for us beginning in 2018 and should be applied prospectively, with certain cumulative effect adjustments. Early adoption is permitted. We are currently assessing the impact this standard will have on our consolidated financial statements.</p> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In January 2017, the FASB issued a new standard which eliminates Step 2 from the goodwill impairment test in order to simplify the subsequent measurement of goodwill. It will be effective for us beginning in 2021. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We are currently assessing the impact this standard will have on our consolidated financial statements.</p> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In March 2017, the FASB issued a new standard which requires the presentation of the service cost component of the net periodic benefit cost in the same income statement line item as other employee compensation costs arising from services rendered during the period. All other components of net periodic benefit cost will be presented below operating income. Additionally, only the service cost component will be eligible for capitalization in assets. It will be effective for us beginning in 2019. Early adoption is permitted.&nbsp;&nbsp;We are currently assessing the impact this standard will have on our consolidated financial statements. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:4.5pt;">&nbsp;</p></div>
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Use of estimates</font>.&nbsp;&nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements.&nbsp;&nbsp;Actual amounts could differ from these estimates.</p></div>
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
499822000
CY2016Q4 us-gaap Inventory Gross
InventoryGross
257085000
CY2017Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
33959000
CY2016Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
29324000
CY2017Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
6000000
CY2016Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
7400000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-614000
CY2017Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
232789000
CY2017Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
16621000
us-gaap Severance Costs1
SeveranceCosts1
12592000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
759000
us-gaap Business Exit Costs1
BusinessExitCosts1
1383000
us-gaap Other Restructuring Costs
OtherRestructuringCosts
1887000
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
1776000
us-gaap Payments For Restructuring
PaymentsForRestructuring
933000
CY2017Q2 us-gaap Restructuring Reserve
RestructuringReserve
843000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
3313000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
25191000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
15150000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
3079000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
34032000
CY2017Q1 us-gaap Goodwill
Goodwill
465544000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Indefinite Lived Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
285000000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
16849000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
848158000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
38025000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities Current
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesCurrent
91679000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
129704000
CY2017Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
718454000
CY2017Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
113851000
CY2016Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
85802000
CY2017Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
49889000
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
36681000
CY2017Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
152025000
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
134602000
CY2017Q2 us-gaap Inventory Gross
InventoryGross
315765000
CY2016Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
232789000
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
727976000
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
401659000
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
159837000
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
141357000
CY2017Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10159000
CY2016Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7271000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14605000
CY2016Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.286
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.234
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17789000
CY2017Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.318
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.306
CY2017Q2 ndsn Additional Tax Expense Related To Nondeductible Acquisition Costs
AdditionalTaxExpenseRelatedToNondeductibleAcquisitionCosts
2600000
CY2016Q2 us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
1136000
ndsn Additional Tax Benefit Related To Retroactive Reinstatement Of Research And Development Tax Credit
AdditionalTaxBenefitRelatedToRetroactiveReinstatementOfResearchAndDevelopmentTaxCredit
2025000
ndsn Additional Tax Benefit Related To Dividends Paid From Foreign Earnings Tax Credit
AdditionalTaxBenefitRelatedToDividendsPaidFromForeignEarningsTaxCredit
6184000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-2000000
CY2017Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2900
ndsn Products Warranty Period
ProductsWarrantyPeriod
P1Y
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
11770000
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
10537000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5148000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4987000
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
61000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4821000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4955000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
2000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
217000
CY2017Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12160000
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
10786000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
ndsn Deferred Compensation Arrangement With Individual Employee Contribution Percentage Maximum
DeferredCompensationArrangementWithIndividualEmployeeContributionPercentageMaximum
1.00
ndsn Deferred Compensation Arrangement With Individual Employee Contribution Percentage Of Long Term Incentive Compensation Maximum
DeferredCompensationArrangementWithIndividualEmployeeContributionPercentageOfLongTermIncentiveCompensationMaximum
0.90
ndsn Foreign Currency Forward Contracts Maturity Period Maximum
ForeignCurrencyForwardContractsMaturityPeriodMaximum
P90D
CY2017Q2 us-gaap Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
-1687000
CY2016Q2 us-gaap Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
-564000
us-gaap Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
-1900000
us-gaap Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
863000
CY2017Q2 us-gaap Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
702000
CY2016Q2 us-gaap Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
53000
us-gaap Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
906000
us-gaap Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
-336000
CY2017Q2 us-gaap Long Term Debt
LongTermDebt
1712274000
CY2017Q2 ndsn Derivative Carrying Value Of Derivative Net
DerivativeCarryingValueOfDerivativeNet
-1940000
CY2017Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
88406000
CY2017Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2943000
CY2017Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1716140000
CY2017Q2 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-1940000
CY2017Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
516000
CY2016Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
516000

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