2021 Q3 Form 10-Q Financial Statement
#000156459021054334 Filed on November 04, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 | 2020 Q2 |
|---|---|---|---|
| Revenue | $2.448B | $1.936B | $1.969B |
| YoY Change | 26.39% | 1.25% | 7.23% |
| Cost Of Revenue | $2.083B | $1.629B | $1.644B |
| YoY Change | 27.88% | -0.45% | 5.37% |
| Gross Profit | $364.5M | $307.6M | $324.4M |
| YoY Change | 18.53% | 11.36% | 17.77% |
| Gross Profit Margin | 14.89% | 15.88% | 16.48% |
| Selling, General & Admin | $279.0M | $245.2M | $242.6M |
| YoY Change | 13.8% | 9.83% | 21.6% |
| % of Gross Profit | 76.53% | 79.71% | 74.78% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $13.65M | $16.75M | $17.23M |
| YoY Change | -18.5% | 46.05% | 96.67% |
| % of Gross Profit | 3.75% | 5.45% | 5.31% |
| Operating Expenses | $279.0M | $245.2M | $242.6M |
| YoY Change | 13.8% | 9.83% | 21.6% |
| Operating Profit | $83.15M | $61.48M | $74.19M |
| YoY Change | 35.24% | 38.4% | 2.87% |
| Interest Expense | -$10.33M | $9.115M | $10.22M |
| YoY Change | -213.35% | 18.47% | 135.73% |
| % of Operating Profit | -12.43% | 14.83% | 13.77% |
| Other Income/Expense, Net | $1.589M | -$1.301M | -$1.098M |
| YoY Change | -222.14% | -341.82% | 217.34% |
| Pretax Income | $74.41M | $51.07M | $62.87M |
| YoY Change | 45.71% | 37.03% | -6.77% |
| Income Tax | $18.93M | $12.16M | $16.49M |
| % Of Pretax Income | 25.43% | 23.81% | 26.22% |
| Net Earnings | $55.48M | $38.91M | $46.39M |
| YoY Change | 42.61% | 43.4% | -7.23% |
| Net Earnings / Revenue | 2.27% | 2.01% | 2.36% |
| Basic Earnings Per Share | $1.59 | $1.11 | $1.32 |
| Diluted Earnings Per Share | $1.51 | $1.10 | $1.32 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 34.86M | 35.08M | 35.06M |
| Diluted Shares Outstanding | 36.75M | 35.35M | 35.26M |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 | 2020 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $107.4M | $75.20M | $153.9M |
| YoY Change | 42.75% | -46.48% | 37.29% |
| Cash & Equivalents | $109.5M | $77.15M | $155.8M |
| Short-Term Investments | |||
| Other Short-Term Assets | $192.0M | $225.1M | $220.1M |
| YoY Change | -14.7% | 86.08% | 98.56% |
| Inventory | $269.5M | $158.4M | $213.0M |
| Prepaid Expenses | |||
| Receivables | $2.754B | $2.268B | $2.678B |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $3.323B | $2.726B | $3.265B |
| YoY Change | 21.88% | -2.7% | 21.47% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $152.1M | $209.1M | $213.2M |
| YoY Change | -27.27% | 23.0% | 189.02% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $154.4M | $75.50M | $272.3M |
| YoY Change | 104.55% | -74.7% | 10.3% |
| Total Long-Term Assets | $1.112B | $1.101B | $1.077B |
| YoY Change | 1.04% | -6.72% | 79.92% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $3.323B | $2.726B | $3.265B |
| Total Long-Term Assets | $1.112B | $1.101B | $1.077B |
| Total Assets | $4.435B | $3.827B | $4.341B |
| YoY Change | 15.89% | -3.89% | 32.12% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.766B | $1.643B | $2.058B |
| YoY Change | 7.5% | 15.05% | 22.0% |
| Accrued Expenses | $269.9M | $238.7M | $371.4M |
| YoY Change | 13.07% | -6.27% | 94.99% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $38.00K | $1.400M | $1.500M |
| YoY Change | -97.29% | 27.27% | 7.14% |
| Total Short-Term Liabilities | $2.146B | $1.964B | $2.431B |
| YoY Change | 9.25% | 12.1% | 24.73% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $527.5M | $294.7M | $436.0M |
| YoY Change | 79.0% | -64.74% | 849.89% |
| Other Long-Term Liabilities | $276.1M | $265.1M | $223.3M |
| YoY Change | 4.13% | 13.58% | 5.84% |
| Total Long-Term Liabilities | $803.6M | $559.8M | $223.3M |
| YoY Change | 43.54% | -47.64% | 5.84% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.146B | $1.964B | $2.431B |
| Total Long-Term Liabilities | $803.6M | $559.8M | $223.3M |
| Total Liabilities | $2.986B | $2.564B | $3.134B |
| YoY Change | 16.46% | -10.95% | 42.05% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $901.0M | ||
| YoY Change | 13.47% | ||
| Common Stock | $354.8M | ||
| YoY Change | 8.96% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $1.449B | $1.263B | $1.207B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $4.435B | $3.827B | $4.341B |
| YoY Change | 15.89% | -3.89% | 32.12% |
Cashflow Statement
| Concept | 2021 Q3 | 2020 Q3 | 2020 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $55.48M | $38.91M | $46.39M |
| YoY Change | 42.61% | 43.4% | -7.23% |
| Depreciation, Depletion And Amortization | $13.65M | $16.75M | $17.23M |
| YoY Change | -18.5% | 46.05% | 96.67% |
| Cash From Operating Activities | -$123.0M | -$35.40M | $404.4M |
| YoY Change | 247.39% | 154.68% | 567.33% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$11.17M | -$6.200M | -$7.100M |
| YoY Change | 80.23% | -1.59% | 36.54% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $2.010M | $0.00 | $0.00 |
| YoY Change | -100.0% | -100.0% | |
| Cash From Investing Activities | -$9.164M | -$6.200M | -$7.100M |
| YoY Change | 47.81% | -99.07% | -8.97% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 134.6M | -38.50M | -308.8M |
| YoY Change | -449.54% | -105.4% | 365.06% |
| NET CHANGE | |||
| Cash From Operating Activities | -123.0M | -35.40M | 404.4M |
| Cash From Investing Activities | -9.164M | -6.200M | -7.100M |
| Cash From Financing Activities | 134.6M | -38.50M | -308.8M |
| Net Change In Cash | 2.435M | -80.10M | 88.50M |
| YoY Change | -103.04% | -348.76% | -750.74% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$123.0M | -$35.40M | $404.4M |
| Capital Expenditures | -$11.17M | -$6.200M | -$7.100M |
| Free Cash Flow | -$111.8M | -$29.20M | $411.5M |
| YoY Change | 282.88% | 284.21% | 525.38% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Deferred Income Tax Expense Benefit
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|
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Weighted Average Number Of Shares Outstanding Basic
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Other Nonoperating Income Expense
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|
-1301000 | |
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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|
74408000 | |
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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Income Tax Expense Benefit
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Income Tax Expense Benefit
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|
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Earnings Per Share Basic
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|
1.11 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.51 | |
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.10 | |
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Weighted Average Number Of Diluted Shares Outstanding
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|
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Net Income Loss
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|
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Stockholders Equity
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Stock Issued During Period Value Share Based Compensation
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|
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Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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Net Income Loss
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|
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Provision For Doubtful Accounts
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|
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Stockholders Equity
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Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
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Weighted Average Number Of Shares Outstanding Basic
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|
35077000 | |
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Weighted Average Number Of Diluted Shares Outstanding
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36745000 | |
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Net Income Loss
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|
38906000 | |
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Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
50000000 | ||
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Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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376000 | |
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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Stockholders Equity
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Net Income Loss
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Net Income Loss
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Deferred Income Tax Expense Benefit
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Amortization Of Debt Discount Premium
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Net Cash Provided By Used In Financing Activities
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|
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|
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|
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Basis Of Accounting
BasisOfAccounting
|
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;"> </p> <p id="Notes" style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Verdana;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1.<span style="margin-left:36pt;">Basis</span> of Presentation and Recently Issued Accounting Standards</p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We empower organizations of all sizes with Insight Intelligent Technology Solutions<sup style="font-size:85%;line-height:120%;vertical-align:top">TM</sup> and services to maximize the business value of Information Technology (“IT”) in North America; Europe, the Middle East and Africa (“EMEA”); and Asia-Pacific (“APAC”). As a Fortune 500-ranked global provider of digital innovation, cloud/data center transformation, and connected workforce solutions, together with our supply chain optimization expertise, we help clients innovate and optimize their operations to run smarter. Our company is organized in the following three operating segments, which are primarily defined by their related geographies:</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;"> </p> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin:auto;border-collapse:collapse; width:60%;"> <tr style="height:13.5pt;"> <td style="width:25%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-family:Verdana;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><span style="text-decoration:underline;">Operating Segment</span></p></td> <td style="width:35%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-family:Verdana;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><span style="text-decoration:underline;">Geography</span></p></td> </tr> <tr style="height:15.75pt;"> <td style="background-color:#CFF0FC;width:25%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">North America</p></td> <td style="background-color:#CFF0FC;width:35%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">United States and Canada</p></td> </tr> <tr style="height:15.75pt;"> <td style="width:25%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:10.15pt;;text-indent:-10.15pt;;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">EMEA</p></td> <td style="width:35%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Europe, Middle East and Africa</p></td> </tr> <tr style="height:15.75pt;"> <td style="background-color:#CFF0FC;width:25%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">APAC</p></td> <td style="background-color:#CFF0FC;width:35%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Asia-Pacific</p></td> </tr> </table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our offerings in North America and certain countries in EMEA and APAC include hardware, software and services, including cloud solutions. Our offerings in the remainder of our EMEA and APAC segments are largely software and certain software-related services and cloud solutions. </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly our financial position as of September 30, 2021 and our results of operations for the three and nine months ended September 30, 2021 and 2020 and cash flows for the nine months ended September 30, 2021 and 2020. The consolidated balance sheet as of December 31, 2020 was derived from the audited consolidated balance sheet at such date. The accompanying unaudited consolidated financial statements and notes have been prepared in accordance with the rules and regulations promulgated by the SEC and consequently do not include all of the disclosures normally required by United States generally accepted accounting principles (“GAAP”). </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The results of operations for interim periods are not necessarily indicative of results for the full year, due in part to the seasonal nature of our business. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements, including the related notes thereto, in our Annual Report on Form 10-K for the year ended December 31, 2020. </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The consolidated financial statements include the accounts of Insight Enterprises, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Additionally, these estimates and assumptions affect the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, we evaluate our estimates, including those related to sales recognition, anticipated achievement levels under partner funding programs, assumptions related to stock-based compensation valuation, allowances for doubtful accounts, valuation of inventories, litigation-related obligations, valuation allowances for deferred tax assets and impairment of long-lived assets, including purchased intangibles and goodwill, if indicators of potential impairment exist.</p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Verdana;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Recently Issued Accounting Standards</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2019-12, “Simplifying the Accounting for Income Taxes.” The new standard is intended to simplify various aspects of accounting for income taxes by removing specific exceptions and amending certain requirements. We adopted the new standard as of January 1, 2021. The adoption of this new standard did not have a material effect on our consolidated financial statements.</p> <p style="margin-top:9pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In August 2020, the FASB issued ASU No. 2020-06, “Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity”. The new guidance is intended to simplify the accounting for certain convertible instruments with characteristics of both liability and equity. The guidance removes certain accounting models which separate the embedded conversion features from the host contract for convertible instruments. As a result, after the adoption of this guidance, an entity’s convertible debt instrument will be wholly accounted for as debt. The guidance also expands disclosure requirements for convertible instruments and simplifies areas of the guidance for diluted earnings-per-share calculations by requiring the use of the if-converted method. The guidance will be effective for fiscal years beginning after December 15, 2021, with early adoption permitted for fiscal years beginning after December 15, 2020 and can be adopted on either a fully retrospective or modified retrospective basis. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements; however, we expect our consolidated statements of operations and consolidated balance sheets will be significantly impacted following adoption of this new standard on January 1, 2022, as we will no longer report accreted interest on the Notes and the full par value of the Notes will be reflected as debt. </p> <p style="margin-top:10pt;margin-bottom:0pt;text-indent:7.14%;font-family:Verdana;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">There have been no other material changes in or additions to the recently issued accounting standards as previously reported in Note 1 to our Consolidated Financial Statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2020 that affect or may affect our current financial statements.</p> | ||
| us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | ||
| CY2021Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
109401000 | |
| CY2020Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
107158000 | |
| us-gaap |
Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
-67166000 | ||
| nsit |
Contract With Customer Liability Cash Received In Advance And Not Recognized As Revenue
ContractWithCustomerLiabilityCashReceivedInAdvanceAndNotRecognizedAsRevenue
|
-69409000 | ||
| us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
53454000 | ||
| us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Explanation
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionExplanation
|
With the exception of remaining performance obligations associated with our OneCall Support Services contracts which are included in the table above regardless of original duration, remaining performance obligations that have original expected durations of one year or less are not included in the table above. Amounts not included in the table above have an average original expected duration of nine months. | ||
| nsit |
Time And Material Contracts Average Expected Duration
TimeAndMaterialContractsAverageExpectedDuration
|
P22M | ||
| nsit |
Number Of Properties
NumberOfProperties
|
3 | ||
| CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
55483000 | |
| CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
38906000 | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
157212000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
119252000 | ||
| CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
34855000 | |
| CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
35077000 | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
407000 | ||
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
295000 | ||
| CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
36745000 | |
| CY2020Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
35348000 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
36860000 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
35418000 | ||
| CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.59 | |
| CY2020Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.11 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.49 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.40 | ||
| CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.51 | |
| CY2020Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.10 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.27 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.37 | ||
| CY2021Q3 | us-gaap |
Contractual Obligation
ContractualObligation
|
74000 | |
| CY2020Q4 | us-gaap |
Contractual Obligation
ContractualObligation
|
2267000 | |
| CY2021Q3 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
527537000 | |
| CY2020Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
438686000 | |
| CY2021Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
38000 | |
| CY2020Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
1105000 | |
| CY2021Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
527499000 | |
| CY2020Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
437581000 | |
| CY2021Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.254 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.250 | ||
| CY2021Q3 | 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 Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.238 | ||
| CY2020Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.238 | |
| CY2020Q3 | 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 | ||
| CY2021Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
11579000 | |
| CY2020Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
10546000 | |
| CY2021Q3 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
878000 | |
| CY2020Q4 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
749000 | |
| us-gaap |
Significant Change In Unrecognized Tax Benefits Nature Of Event
SignificantChangeInUnrecognizedTaxBenefitsNatureOfEvent
|
Although the timing of the resolutions and/or closures of audits is highly uncertain, it is reasonably possible that the examination phase of these audits may be concluded within the next 12 months, which could increase or decrease the balance of our gross unrecognized tax benefits. | ||
| CY2020Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
50000000 | |
| CY2021Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
125000000 | |
| us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
497243 | ||
| us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
49999979 | ||
| us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
100.55 | ||
| us-gaap |
Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
|
444813 | ||
| us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
24999996 | ||
| us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
56.20 | ||
| CY2021Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2447521000 | |
| CY2021Q3 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | |
| us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | ||
| CY2021Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
2082976000 | |
| CY2021Q3 | us-gaap |
Gross Profit
GrossProfit
|
364545000 | |
| CY2021Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
2396000 | |
| CY2021Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2447521000 | |
| CY2021Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2447521000 | |
| CY2021Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2447521000 | |
| CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1936478000 | |
| CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1936478000 | |
| CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1936478000 | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6870090000 | ||
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6870090000 | ||
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6870090000 | ||
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6049264000 | ||
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6049264000 | ||
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6049264000 | ||
| us-gaap |
Segment Reporting Disclosure Of Major Customers
SegmentReportingDisclosureOfMajorCustomers
|
None of our clients exceeded ten percent of consolidated net sales for the three and nine months ended September 30, 2021 or 2020. | ||
| CY2021Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
278998000 | |
| CY2021Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
83151000 | |
| CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1936478000 | |
| CY2020Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
1628915000 | |
| CY2020Q3 | us-gaap |
Gross Profit
GrossProfit
|
307563000 | |
| CY2020Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
245155000 | |
| CY2020Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
808000 | |
| CY2020Q3 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
118000 | |
| CY2020Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
61482000 | |
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6870090000 | ||
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
5807388000 | ||
| us-gaap |
Gross Profit
GrossProfit
|
1062702000 | ||
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
827275000 | ||
| us-gaap |
Restructuring Charges
RestructuringCharges
|
-3217000 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
238644000 | ||
| us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
6049264000 | ||
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
5091976000 | ||
| us-gaap |
Gross Profit
GrossProfit
|
957288000 | ||
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
756598000 | ||
| us-gaap |
Restructuring Charges
RestructuringCharges
|
9962000 | ||
| us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
2195000 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
188533000 | ||
| CY2021Q3 | us-gaap |
Assets
Assets
|
4435378000 | |
| CY2020Q4 | us-gaap |
Assets
Assets
|
4310732000 | |
| CY2021Q3 | us-gaap |
Depreciation
Depreciation
|
5665000 | |
| CY2020Q3 | us-gaap |
Depreciation
Depreciation
|
7319000 | |
| us-gaap |
Depreciation
Depreciation
|
18054000 | ||
| us-gaap |
Depreciation
Depreciation
|
21820000 | ||
| CY2021Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
7988000 | |
| CY2020Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
9433000 | |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
24097000 | ||
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
29555000 | ||
| CY2021Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
13653000 | |
| CY2020Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
16752000 | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
42151000 | ||
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
51375000 |
