2018 Q1 Form 10-Q Financial Statement
#000156459018004341 Filed on March 05, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
Revenue | $550.4M | $407.5M |
YoY Change | 35.08% | 9.47% |
Cost Of Revenue | $249.5M | $182.3M |
YoY Change | 36.86% | 3.99% |
Gross Profit | $301.0M | $225.1M |
YoY Change | 33.68% | 14.34% |
Gross Profit Margin | 54.68% | 55.25% |
Selling, General & Admin | $181.6M | $149.0M |
YoY Change | 21.89% | 2.81% |
% of Gross Profit | 60.35% | 66.18% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $26.29M | $18.50M |
YoY Change | 42.1% | 7.48% |
% of Gross Profit | 8.73% | 8.22% |
Operating Expenses | $181.6M | $149.1M |
YoY Change | 21.81% | 2.88% |
Operating Profit | $119.4M | $76.04M |
YoY Change | 56.96% | 46.29% |
Interest Expense | $11.32M | -$5.400M |
YoY Change | -309.57% | -192.4% |
% of Operating Profit | 9.48% | -7.1% |
Other Income/Expense, Net | -$15.83M | -$200.0K |
YoY Change | 7816.0% | -95.92% |
Pretax Income | $103.5M | $70.40M |
YoY Change | 47.04% | 49.55% |
Income Tax | -$1.037M | $20.40M |
% Of Pretax Income | -1.0% | 28.98% |
Net Earnings | $104.6M | $49.99M |
YoY Change | 109.16% | 21.45% |
Net Earnings / Revenue | 19.0% | 12.27% |
Basic Earnings Per Share | $1.81 | $0.87 |
Diluted Earnings Per Share | $1.78 | $0.86 |
COMMON SHARES | ||
Basic Shares Outstanding | 57.76M | 57.55M |
Diluted Shares Outstanding | 58.87M |
Balance Sheet
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $132.8M | $87.70M |
YoY Change | 51.43% | 44.48% |
Cash & Equivalents | $132.8M | $87.66M |
Short-Term Investments | ||
Other Short-Term Assets | $31.20M | $32.70M |
YoY Change | -4.59% | -36.5% |
Inventory | $275.7M | $241.3M |
Prepaid Expenses | $31.22M | $32.67M |
Receivables | $488.3M | $358.4M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $928.0M | $720.0M |
YoY Change | 28.9% | 5.74% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $356.8M | $269.8M |
YoY Change | 32.26% | 7.6% |
Goodwill | $1.622B | $465.5M |
YoY Change | 248.44% | |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $33.44M | $26.32M |
YoY Change | 27.06% | -30.37% |
Total Long-Term Assets | $2.573B | $1.673B |
YoY Change | 53.77% | 2.25% |
TOTAL ASSETS | ||
Total Short-Term Assets | $928.0M | $720.0M |
Total Long-Term Assets | $2.573B | $1.673B |
Total Assets | $3.501B | $2.393B |
YoY Change | 46.29% | 3.27% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $82.08M | $73.96M |
YoY Change | 10.98% | 21.25% |
Accrued Expenses | $137.5M | $117.4M |
YoY Change | 17.08% | 14.88% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $4.000M |
YoY Change | -100.0% | -55.06% |
Long-Term Debt Due | $326.6M | $38.08M |
YoY Change | 757.57% | 138.02% |
Total Short-Term Liabilities | $609.8M | $290.2M |
YoY Change | 110.11% | 22.56% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.259B | $912.4M |
YoY Change | 37.97% | -18.26% |
Other Long-Term Liabilities | $60.81M | $33.61M |
YoY Change | 80.91% | -85.06% |
Total Long-Term Liabilities | $1.320B | $946.0M |
YoY Change | 39.5% | -29.47% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $609.8M | $290.2M |
Total Long-Term Liabilities | $1.320B | $946.0M |
Total Liabilities | $1.929B | $1.236B |
YoY Change | 56.07% | -25.85% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $2.252B | $1.967B |
YoY Change | 14.47% | |
Common Stock | $438.6M | $400.6M |
YoY Change | 9.47% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $1.301B | $1.302B |
YoY Change | -0.05% | |
Treasury Stock Shares | ||
Shareholders Equity | $1.295B | $893.8M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $3.501B | $2.393B |
YoY Change | 46.29% | 3.27% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $104.6M | $49.99M |
YoY Change | 109.16% | 21.45% |
Depreciation, Depletion And Amortization | $26.29M | $18.50M |
YoY Change | 42.1% | 7.48% |
Cash From Operating Activities | $109.3M | $81.20M |
YoY Change | 34.58% | 67.42% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $16.68M | $10.08M |
YoY Change | 65.5% | -9.14% |
Acquisitions | $43.28M | $14.00M |
YoY Change | 209.17% | |
Other Investing Activities | -$43.20M | -$13.10M |
YoY Change | 229.77% | -13200.0% |
Cash From Investing Activities | -$59.90M | -$23.20M |
YoY Change | 158.18% | 110.91% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | -$5.317M | -$5.166M |
YoY Change | 2.92% | |
Debt Paid & Issued, Net | $31.36M | $43.64M |
YoY Change | -28.15% | |
Cash From Financing Activities | -11.80M | -38.40M |
YoY Change | -69.26% | 47.69% |
NET CHANGE | ||
Cash From Operating Activities | 109.3M | 81.20M |
Cash From Investing Activities | -59.90M | -23.20M |
Cash From Financing Activities | -11.80M | -38.40M |
Net Change In Cash | 37.58M | 19.60M |
YoY Change | 91.72% | 70.43% |
FREE CASH FLOW | ||
Cash From Operating Activities | $109.3M | $81.20M |
Capital Expenditures | $16.68M | $10.08M |
Free Cash Flow | $92.60M | $71.12M |
YoY Change | 30.2% | 90.13% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2018Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
31221000 | |
CY2018Q1 | us-gaap |
Assets Current
AssetsCurrent
|
928035000 | |
CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
356774000 | |
CY2018Q1 | us-gaap |
Goodwill
Goodwill
|
1622125000 | |
CY2018Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
547987000 | |
CY2018Q1 | us-gaap |
Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
|
12273000 | |
CY2018Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
33442000 | |
CY2018Q1 | us-gaap |
Assets
Assets
|
3500636000 | |
CY2018Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
82081000 | |
CY2017Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
86016000 | |
CY2018Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
19753000 | |
CY2017Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
22310000 | |
CY2018Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
137457000 | |
CY2017Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
173366000 | |
CY2018Q1 | us-gaap |
Customer Advances Current
CustomerAdvancesCurrent
|
38787000 | |
CY2017Q4 | us-gaap |
Customer Advances Current
CustomerAdvancesCurrent
|
34654000 | |
CY2018Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
326587000 | |
CY2017Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
326587000 | |
CY2018Q1 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
5108000 | |
CY2017Q4 | us-gaap |
Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
|
4813000 | |
CY2017Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
43642000 | |
CY2017Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
1436000 | |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
8246000 | |
CY2017Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
3080000 | |
CY2017Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
15475000 | |
CY2017Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
20419000 | |
CY2018Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
609773000 | |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
647746000 | |
CY2018Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1258843000 | |
CY2017Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-6959000 | |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
109278000 | |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
81151000 | |
CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
16681000 | |
CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
10079000 | |
CY2018Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-748000 | |
CY2017Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
185000 | |
CY2018Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-16331000 | |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
68000 | |
CY2017Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
3500000 | |
CY2017Q1 | us-gaap |
Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
|
2598000 | |
CY2018Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
43284000 | |
CY2017Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1256397000 | |
CY2018Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
90669000 | |
CY2017Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
134090000 | |
CY2018Q1 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
111290000 | |
CY2017Q4 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
111666000 | |
CY2018Q1 | us-gaap |
Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
74131000 | |
CY2017Q4 | us-gaap |
Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
|
73589000 | |
CY2018Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
60809000 | |
CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
35558000 | |
CY2018Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
12253000 | |
CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
12253000 | |
CY2018Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
426298000 | |
CY2017Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
412785000 | |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2251831000 | |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
2164597000 | |
CY2018Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-94344000 | |
CY2017Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-134435000 | |
CY2018Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1300917000 | |
CY2017Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
1299707000 | |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1295121000 | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1155493000 | |
CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3500636000 | |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3414539000 | |
CY2018Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
26285000 | |
CY2017Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
18497000 | |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6987000 | |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3476000 | |
CY2018Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-45426000 | |
CY2017Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
813000 | |
CY2018Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
202000 | |
CY2017Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1603000 | |
CY2017Q1 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
14000000 | |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-59897000 | |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-23177000 | |
CY2018Q1 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
996000 | |
CY2017Q1 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
4463000 | |
CY2018Q1 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
1006000 | |
CY2017Q1 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
2492000 | |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
32981000 | |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
15028000 | |
CY2018Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
31355000 | |
CY2018Q1 | us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
1415000 | |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
10306000 | |
CY2018Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
4989000 | |
CY2018Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
17321000 | |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-11803000 | |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-38388000 | |
CY2018Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
4881000 | |
CY2017Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
833000 | |
CY2018Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
42459000 | |
CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
67239000 | |
CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
87658000 | |
CY2018Q1 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<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 </p></td></tr></table></div> <p style="text-align:left;margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;font-weight:bold;font-family:Times New Roman;letter-spacing:0pt;letter-spacing:-0.15pt;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">New accounting guidance adopted:</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 Financial Accounting Standards Board (“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 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, in the statements 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. We adopted this new standard during the first quarter of 2018. As a result, net excess tax benefits of $4,748 were recognized as a reduction of income tax expense during the three months ended January 31, 2018. The cash flow classification requirements of this new standard were applied retrospectively. As a result, excess tax benefits of $4,748 are reported as Net cash provided by operating activities for the three months ended January 31, 2018 and $3,144 of excess tax benefits were reclassified from Net cash used in financing activities to Net cash provided by operating activities for the three months ended January 31, 2017. This new standard also requires that employee taxes paid when an employer withholds shares for tax-withholding purposes be reported as financing activities in the statements of cash flows on a retrospective basis. Previously, this activity <font style="color:#000000;">was included in operating activities. The impact of this change was immaterial to the statements of cash flows. Additionally, we elected to continue to estimate forfeitures rather than account for them as they occur.</font></p> <p style="text-align:left;margin-top:18pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;font-weight:bold;font-family:Times New Roman;letter-spacing:0pt;letter-spacing:-0.15pt;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">New accounting guidance issued and not yet adopted:</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 May 2014, the FASB issued a new standard regarding revenue recognition.  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.  In August 2015, the FASB issued a standard to delay the effective date by one year. The new standard is effective for us beginning November 1, 2018. 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 (modified retrospective method). We have not yet selected a transition method; however, we are currently anticipating using the modified retrospective method, but will base the final decision on the results of our assessment once complete. Our initial analysis of identifying revenue streams and evaluating a representative sample of contracts and other agreements with our customers is complete. We are in the process of assessing the impact of the new standard, if any, on our business processes, systems and controls. We will finalize our evaluation of potential differences that may result from applying the new standard to our contracts with customers in 2018 and provide updates on our progress in future filings.</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 November 1, 2019. 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 November 1, 2018. Early adoption is permitted. We are currently assessing the impact this standard will have on our consolidated financial statements. </p></div> | |
CY2018Q1 | 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>. 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. Actual amounts could differ from these estimates.</p></div> | |
CY2018Q1 | us-gaap |
Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
|
0.50 | |
CY2017Q4 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2018Q1 | ndsn |
Tax Cuts And Jobs Act Of2017 Change In Tax Rate Income Tax Expense Benefit
TaxCutsAndJobsActOf2017ChangeInTaxRateIncomeTaxExpenseBenefit
|
-45213000 | |
CY2018Q1 | ndsn |
Tax Cuts And Jobs Act Of2017 Change In Tax Rate Income Tax Expense On Previously Deferred Foreign Earnings
TaxCutsAndJobsActOf2017ChangeInTaxRateIncomeTaxExpenseOnPreviouslyDeferredForeignEarnings
|
23124000 | |
CY2018Q1 | ndsn |
Tax Cuts And Jobs Act Of2017 Decrease In Income Tax Expense Due To Change In Tax Rate
TaxCutsAndJobsActOf2017DecreaseInIncomeTaxExpenseDueToChangeInTaxRate
|
22089000 | |
CY2018Q1 | ndsn |
Tax Cuts And Jobs Act Of2017 Transition Tax Period To Pay Installments
TaxCutsAndJobsActOf2017TransitionTaxPeriodToPayInstallments
|
P8Y | |
CY2018Q1 | ndsn |
Additional Tax Benefit Related To Share Based Payment Transactions
AdditionalTaxBenefitRelatedToShareBasedPaymentTransactions
|
4748000 | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
-460000 | |
CY2018Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
2900 | |
CY2018Q1 | ndsn |
Products Warranty Period
ProductsWarrantyPeriod
|
P1Y | |
CY2017Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
11950000 | |
CY2018Q1 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | |
CY2018Q1 | ndsn |
Deferred Compensation Arrangement With Individual Employee Contribution Percentage Maximum
DeferredCompensationArrangementWithIndividualEmployeeContributionPercentageMaximum
|
1.00 | |
CY2018Q1 | ndsn |
Deferred Compensation Arrangement With Individual Employee Contribution Percentage Of Long Term Incentive Compensation Maximum
DeferredCompensationArrangementWithIndividualEmployeeContributionPercentageOfLongTermIncentiveCompensationMaximum
|
0.90 | |
CY2018Q1 | ndsn |
Foreign Currency Forward Contracts Maturity Period Maximum
ForeignCurrencyForwardContractsMaturityPeriodMaximum
|
P90D | |
CY2018Q1 | us-gaap |
Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
|
-964000 | |
CY2017Q1 | us-gaap |
Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
|
-213000 | |
CY2018Q1 | us-gaap |
Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
|
-982000 | |
CY2017Q1 | us-gaap |
Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
|
203000 | |
CY2018Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
1585430000 | |
CY2018Q1 | ndsn |
Derivative Carrying Value Of Derivative Net
DerivativeCarryingValueOfDerivativeNet
|
-674000 | |
CY2018Q1 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
1582964000 | |
CY2018Q1 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
-674000 |