2019 Q2 Form 10-Q Financial Statement

#000143774919016223 Filed on August 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2018 Q1
Revenue $229.2M $226.3M $241.3M
YoY Change 1.26% 6.72% 12.68%
Cost Of Revenue $117.6M $107.9M $110.4M
YoY Change 8.99% 28.43% 16.83%
Gross Profit $111.6M $118.4M $130.9M
YoY Change -5.74% -7.55% 9.45%
Gross Profit Margin 48.69% 52.31% 54.26%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.44M $18.75M $18.76M
YoY Change 3.71% 4.67% 5.09%
% of Gross Profit 17.42% 15.83% 14.33%
Operating Expenses $84.80M $88.30M $93.30M
YoY Change -3.96% 7.55% 9.25%
Operating Profit $26.82M $30.11M $37.62M
YoY Change -10.92% -2.87% 9.97%
Interest Expense -$7.800M -$7.700M -$7.400M
YoY Change 1.3% 2.67% -1.33%
% of Operating Profit -29.08% -25.58% -19.67%
Other Income/Expense, Net $850.0K $707.0K $1.183M
YoY Change 20.23% 28.08% 113.92%
Pretax Income $18.77M $21.75M $30.01M
YoY Change -13.71% -3.82% 15.9%
Income Tax $3.343M $3.054M $3.794M
% Of Pretax Income 17.81% 14.04% 12.64%
Net Earnings $15.43M $18.70M $26.22M
YoY Change -17.49% 11.43% 33.85%
Net Earnings / Revenue 6.73% 8.26% 10.87%
Basic Earnings Per Share $0.39 $0.47 $0.66
Diluted Earnings Per Share $0.39 $0.47 $0.66
COMMON SHARES
Basic Shares Outstanding 39.71M 39.61M 39.55M
Diluted Shares Outstanding 39.92M 39.88M 39.86M

Balance Sheet

Concept 2019 Q2 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.000M $1.000M $1.100M
YoY Change 0.0%
Cash & Equivalents $982.0K $1.036M $1.121M
Short-Term Investments
Other Short-Term Assets $8.511M $9.574M $11.21M
YoY Change -11.1% -33.29% -76.55%
Inventory $105.9M $90.44M $88.00M
Prepaid Expenses
Receivables $105.4M $91.78M $94.27M
Other Receivables $9.956M $10.22M $7.109M
Total Short-Term Assets $263.6M $239.2M $240.1M
YoY Change 10.17% 8.43% 9.7%
LONG-TERM ASSETS
Property, Plant & Equipment $1.602B $1.553B $1.546B
YoY Change 3.19% 3.47% 3.98%
Goodwill $37.57M $37.57M $37.57M
YoY Change 0.0% 0.0%
Intangibles $11.86M $13.08M $13.42M
YoY Change -9.31% -9.14%
Long-Term Investments $9.700M $8.600M $8.600M
YoY Change 12.79% 4.88% 6.17%
Other Assets $39.00M $36.52M $35.76M
YoY Change 6.8% 3.59% -78.25%
Total Long-Term Assets $1.851B $1.772B $1.767B
YoY Change 4.48% 2.82% 3.24%
TOTAL ASSETS
Total Short-Term Assets $263.6M $239.2M $240.1M
Total Long-Term Assets $1.851B $1.772B $1.767B
Total Assets $2.115B $2.011B $2.007B
YoY Change 5.16% 3.46% 3.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $111.8M $95.08M $87.18M
YoY Change 17.63% 0.77% 4.28%
Accrued Expenses $33.10M $31.10M $24.70M
YoY Change 6.43% 2.64% -13.33%
Deferred Revenue
YoY Change
Short-Term Debt $36.60M $20.98M $30.32M
YoY Change 74.49% -63.91% -48.79%
Long-Term Debt Due $177.0K $167.0K $171.0K
YoY Change 5.99% -99.6% -99.62%
Total Short-Term Liabilities $206.1M $166.2M $166.1M
YoY Change 24.01% -29.86% -29.62%
LONG-TERM LIABILITIES
Long-Term Debt $590.1M $590.0M $589.9M
YoY Change 0.02% 20.31% 20.3%
Other Long-Term Liabilities $28.86M $25.06M $23.48M
YoY Change 15.16% 11.67% -91.35%
Total Long-Term Liabilities $618.9M $615.0M $613.4M
YoY Change 0.63% 19.93% -19.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $206.1M $166.2M $166.1M
Total Long-Term Liabilities $618.9M $615.0M $613.4M
Total Liabilities $825.1M $781.3M $779.5M
YoY Change 5.61% 4.19% -37.72%
SHAREHOLDERS EQUITY
Retained Earnings $205.1M $179.6M $174.2M
YoY Change 14.2% 19.29%
Common Stock $543.8M $540.9M $540.0M
YoY Change 0.53% 0.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $744.3M $714.6M $708.1M
YoY Change
Total Liabilities & Shareholders Equity $2.115B $2.011B $2.007B
YoY Change 5.16% 3.46% 3.97%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income $15.43M $18.70M $26.22M
YoY Change -17.49% 11.43% 33.85%
Depreciation, Depletion And Amortization $19.44M $18.75M $18.76M
YoY Change 3.71% 4.67% 5.09%
Cash From Operating Activities $52.10M $48.80M $4.640M
YoY Change 6.76% 1.46% -78.11%
INVESTING ACTIVITIES
Capital Expenditures -$29.30M -$25.50M -$23.60M
YoY Change 14.9% -3.04% -21.59%
Acquisitions
YoY Change
Other Investing Activities -$700.0K -$400.0K -$200.0K
YoY Change 75.0% 0.0% -300.0%
Cash From Investing Activities -$30.00M -$25.90M -$23.83M
YoY Change 15.83% -2.63% -20.6%
FINANCING ACTIVITIES
Cash Dividend Paid $13.29M
YoY Change
Common Stock Issuance & Retirement, Net $2.409M
YoY Change -1310.55%
Debt Paid & Issued, Net $60.00K
YoY Change -98.04%
Cash From Financing Activities -22.10M -23.00M 4.092M
YoY Change -3.91% 6.98% -53.54%
NET CHANGE
Cash From Operating Activities 52.10M 48.80M 4.640M
Cash From Investing Activities -30.00M -25.90M -23.83M
Cash From Financing Activities -22.10M -23.00M 4.092M
Net Change In Cash -0.000000007451 -100.0K -15.10M
YoY Change -100.0% 1342177279999900.0%
FREE CASH FLOW
Cash From Operating Activities $52.10M $48.80M $4.640M
Capital Expenditures -$29.30M -$25.50M -$23.60M
Free Cash Flow $81.40M $74.30M $28.24M
YoY Change 9.56% -0.13% -44.95%

Facts In Submission

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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39917831
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39879069
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39910499
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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39871376
CY2019Q2 us-gaap Earnings Per Share Basic
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CY2019Q2 us-gaap Stockholders Equity
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CY2018Q1 us-gaap Stockholders Equity
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CY2018Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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4000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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-0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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4000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
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110000 USD
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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66000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
157000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
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CY2019Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
13000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
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us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
32000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
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CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
CY2019Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
49000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
121000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
129000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
233000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
259000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
460000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-33000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-61000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-67000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-120000 USD
CY2019Q2 ottr Other Comprehensive Income Deferred Tax Rate Adjustment
OtherComprehensiveIncomeDeferredTaxRateAdjustment
0 USD
CY2018Q2 ottr Other Comprehensive Income Deferred Tax Rate Adjustment
OtherComprehensiveIncomeDeferredTaxRateAdjustment
0 USD
ottr Other Comprehensive Income Deferred Tax Rate Adjustment
OtherComprehensiveIncomeDeferredTaxRateAdjustment
0 USD
ottr Other Comprehensive Income Deferred Tax Rate Adjustment
OtherComprehensiveIncomeDeferredTaxRateAdjustment
-531000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-96000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-172000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-192000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
191000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
145000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
162000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
313000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15571000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
18858000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
44571000 USD
CY2019Q1 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Stock Issued During Period Value New Issues
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CY2019Q2 us-gaap Net Income Loss
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CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
145000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2148000 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
2450000 USD
us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2253000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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CY2018Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2018Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
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CY2018Q2 us-gaap Net Income Loss
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CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
162000 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1107000 USD
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
13300000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
2730000 USD
us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
313000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3944000 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
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CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
696892000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38572000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
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us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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IncreaseDecreaseInDeferredChargesAndOtherAssets
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ottr Increase Decrease In Deferred Charges And Other Assets
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us-gaap Pension Contributions
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us-gaap Pension Contributions
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us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
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688000 USD
us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
1060000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3944000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
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OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
193000 USD
us-gaap Increase Decrease In Receivables
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30478000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
25677000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2401000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
222000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1233000 USD
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6297000 USD
ottr Increase Decrease In Interest Payable And Income Taxes Receivable Payable Net
IncreaseDecreaseInInterestPayableAndIncomeTaxesReceivablePayableNet
3470000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
69287000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53395000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
54012000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
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us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3405000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
1477000 USD
us-gaap Payments For Proceeds From Investments
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us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
2102000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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ChangeInChecksWrittenInExcessOfCash
1120000 USD
ottr Change In Checks Written In Excess Of Cash
ChangeInChecksWrittenInExcessOfCash
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us-gaap Proceeds From Repayments Of Short Term Debt
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us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2730000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2450000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
100000000 USD
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PaymentsOfDebtIssuanceCosts
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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us-gaap Payments Of Dividends
PaymentsOfDividends
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us-gaap Payments Of Dividends
PaymentsOfDividends
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2019Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
20393000 USD
CY2019Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
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CY2018Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
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CY2019Q2 us-gaap Inventory Net
InventoryNet
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CY2018Q4 us-gaap Inventory Net
InventoryNet
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us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2018Q4 us-gaap Goodwill Gross
GoodwillGross
37572000 USD
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
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CY2018Q4 us-gaap Goodwill
Goodwill
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us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0 USD
CY2019Q2 us-gaap Goodwill
Goodwill
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FiniteLivedIntangibleAssetsGross
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CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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FiniteLivedIntangibleAssetsNet
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FiniteLivedIntangibleAssetsGross
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CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10195000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
296000 USD
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
592000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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AccountsPayableOutstandingRelatedToCapitalAdditions
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CY2018Q2 ottr Accounts Payable Outstanding Related To Capital Additions
AccountsPayableOutstandingRelatedToCapitalAdditions
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RegulatedAndUnregulatedOperatingRevenue
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RegulatedAndUnregulatedOperatingRevenue
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us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
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us-gaap Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
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InterestAndDebtExpense
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InterestAndDebtExpense
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us-gaap Interest And Debt Expense
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us-gaap Interest And Debt Expense
InterestAndDebtExpense
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CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2018Q4 us-gaap Assets
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CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019Q2 us-gaap Regulatory Assets
RegulatoryAssets
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RegulatoryLiabilityNoncurrent
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RegulatoryLiabilities
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CY2019Q2 us-gaap Net Regulatory Assets
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RegulatoryAssetsCurrent
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RegulatoryAssetsNoncurrent
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CY2018Q4 us-gaap Regulatory Assets
RegulatoryAssets
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CY2018Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
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RegulatoryLiabilityNoncurrent
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CY2018Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
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NetRegulatoryAssetsLiabilityCurrent
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ottr Stock Issued During Period Shares Vesting Of Restricted Stock Units
StockIssuedDuringPeriodSharesVestingOfRestrictedStockUnits
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us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
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ottr Directors Deferred Compensation
DirectorsDeferredCompensation
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ottr Shares Withheld For Individual Income Tax Requirements
SharesWithheldForIndividualIncomeTaxRequirements
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CY2019Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2018Q2 ottr Incremental Common Shares Attributable To Dilutive Effect Of Nonvested Restricted Shares
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10733
ottr Incremental Common Shares Attributable To Dilutive Effect Of Nonvested Restricted Shares
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15790
ottr Incremental Common Shares Attributable To Dilutive Effect Of Nonvested Restricted Shares
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19188
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ottr Incremental Common Shares Attributable To Dilutive Effect Of Shares Expected To Be Issued Under Deferred Compensation Program For Directors
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2099
ottr Incremental Common Shares Attributable To Dilutive Effect Of Shares Expected To Be Issued Under Deferred Compensation Program For Directors
IncrementalCommonSharesAttributableToDilutiveEffectOfSharesExpectedToBeIssuedUnderDeferredCompensationProgramForDirectors
2617
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205795
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
273352
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
225820
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
293080
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39917831
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
39910499
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39871376
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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5500000 USD
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EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y3M18D
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
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2148000 USD
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AllocatedShareBasedCompensationExpense
1107000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
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us-gaap Allocated Share Based Compensation Expense
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21651000 USD
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OperatingLeaseRightOfUseAsset
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OperatingLeaseLiabilityNoncurrent
16084000 USD
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OperatingLeaseLiability
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LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2625000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4987000 USD
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LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4700000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3672000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3370000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8469000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
27823000 USD
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4429000 USD
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OperatingLeaseLiabilityCommencingSubsequentToEndDate
3526000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
19868000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y9M18D
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OperatingLeaseWeightedAverageDiscountRatePercent
0.050 pure
CY2018Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
20369000 USD
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RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1892000 USD
ottr Operating Lease Lease Modifications
OperatingLeaseLeaseModifications
1366000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1543000 USD
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OperatingLeaseInterest
516000 USD
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OperatingLeaseLiability
19868000 USD
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OperatingLeaseCost
1307000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
46000 USD
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RightofuseLeaseCost
1353000 USD
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OperatingLeaseCost
2697000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
73000 USD
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LineOfCreditFacilityAmountRestricted
8766000 USD
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LineOfCreditFacilityRemainingBorrowingCapacity
254632000 USD
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LineOfCreditFacilityRemainingBorrowingCapacity
281101000 USD
CY2019Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
36602000 USD
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
592438000 USD
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LongTermDebtCurrent
177000 USD
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DebtInstrumentUnamortizedDiscount
2198000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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51759000 USD
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IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalAndStateStatutoryIncomeTaxRate
4879000 USD
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LongTermDebtNoncurrent
590063000 USD
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626842000 USD
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ShortTermBorrowings
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LongTermDebt
592523000 USD
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LongTermDebtCurrent
172000 USD
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DebtInstrumentUnamortizedDiscount
2349000 USD
CY2018Q2 ottr Income Tax Reconciliation Income Tax Expense Benefit At Federal And State Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalAndStateStatutoryIncomeTaxRate
5655000 USD
ottr Income Tax Reconciliation Income Tax Expense Benefit At Federal And State Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalAndStateStatutoryIncomeTaxRate
13187000 USD
ottr Income Tax Reconciliation Income Tax Expense Benefit At Federal And State Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalAndStateStatutoryIncomeTaxRate
13457000 USD
CY2019Q2 ottr Income Tax Reconciliation Differences Reversing In Excess Of Federal Rates
IncomeTaxReconciliationDifferencesReversingInExcessOfFederalRates
-774000 USD
CY2018Q2 ottr Income Tax Reconciliation Differences Reversing In Excess Of Federal Rates
IncomeTaxReconciliationDifferencesReversingInExcessOfFederalRates
-1025000 USD
ottr Rightofuse Lease Cost
RightofuseLeaseCost
2770000 USD
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300000000 USD
CY2019Q2 us-gaap Line Of Credit
LineOfCredit
36602000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
590002000 USD
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DebtLongtermAndShorttermCombinedAmount
608773000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
18769000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21750000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50721000 USD
CY2018Q2 ottr Income Tax Reconciliation Production Tax Credit
IncomeTaxReconciliationProductionTaxCredit
930000 USD
ottr Income Tax Reconciliation Production Tax Credit
IncomeTaxReconciliationProductionTaxCredit
-0 USD
ottr Income Tax Reconciliation Production Tax Credit
IncomeTaxReconciliationProductionTaxCredit
2050000 USD
CY2019Q2 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2018Q2 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-531000 USD
ottr Income Tax Reconciliation Differences Reversing In Excess Of Federal Rates
IncomeTaxReconciliationDifferencesReversingInExcessOfFederalRates
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ottr Income Tax Reconciliation Differences Reversing In Excess Of Federal Rates
IncomeTaxReconciliationDifferencesReversingInExcessOfFederalRates
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CY2019Q2 ottr Effective Income Tax Rate Reconciliation Deduction Equity Method Stock Awards
EffectiveIncomeTaxRateReconciliationDeductionEquityMethodStockAwards
-0 USD
CY2018Q2 ottr Effective Income Tax Rate Reconciliation Deduction Equity Method Stock Awards
EffectiveIncomeTaxRateReconciliationDeductionEquityMethodStockAwards
-0 USD
ottr Effective Income Tax Rate Reconciliation Deduction Equity Method Stock Awards
EffectiveIncomeTaxRateReconciliationDeductionEquityMethodStockAwards
827000 USD
CY2019Q2 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-73000 USD
CY2018Q2 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-80000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
0 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-2000 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-127000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3343000 USD
ottr Effective Income Tax Rate Reconciliation Deduction Equity Method Stock Awards
EffectiveIncomeTaxRateReconciliationDeductionEquityMethodStockAwards
624000 USD
CY2019Q2 ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Amount
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsuranceAmount
-150000 USD
CY2018Q2 ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Amount
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsuranceAmount
-17000 USD
ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Amount
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsuranceAmount
-559000 USD
ottr Effective Income Tax Rate Reconciliation Corporate Owned Life Insurance Amount
EffectiveIncomeTaxRateReconciliationCorporateOwnedLifeInsuranceAmount
-25000 USD
CY2019Q2 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
258000 USD
CY2018Q2 us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
258000 USD
us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
516000 USD
us-gaap Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
516000 USD
CY2019Q2 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
187000 USD
CY2018Q2 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
180000 USD
us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
375000 USD
us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
360000 USD
CY2019Q2 ottr Income Tax Reconciliation Allowance For Funds Used During Construction
IncomeTaxReconciliationAllowanceForFundsUsedDuringConstruction
94000 USD
CY2018Q2 ottr Income Tax Reconciliation Allowance For Funds Used During Construction
IncomeTaxReconciliationAllowanceForFundsUsedDuringConstruction
111000 USD
ottr Income Tax Reconciliation Allowance For Funds Used During Construction
IncomeTaxReconciliationAllowanceForFundsUsedDuringConstruction
180000 USD
ottr Income Tax Reconciliation Allowance For Funds Used During Construction
IncomeTaxReconciliationAllowanceForFundsUsedDuringConstruction
278000 USD
CY2019Q2 ottr Income Tax Reconciliation Production Tax Credit
IncomeTaxReconciliationProductionTaxCredit
-0 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3054000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8971000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6848000 USD
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.178 pure
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.140 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.177 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.132 pure
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1282000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
684000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
0 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
75000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
72000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
42000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
44000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1315000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
712000 USD
ottr Period For Unrecognized Tax Benefits Not Expected Change
PeriodForUnrecognizedTaxBenefitsNotExpectedChange
P12M

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