2021 Q2 Form 10-Q Financial Statement

#000146659321000056 Filed on August 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $285.6M $192.8M $234.7M
YoY Change 48.17% -15.9% -4.56%
Cost Of Revenue $133.7M $87.50M $104.7M
YoY Change 52.81% -25.6% -6.93%
Gross Profit $151.9M $105.3M $130.0M
YoY Change 44.25% -5.65% -2.62%
Gross Profit Margin 53.18% 54.63% 55.38%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.17M $20.44M $20.40M
YoY Change 13.37% 5.12% 6.63%
% of Gross Profit 15.25% 19.41% 15.69%
Operating Expenses $92.07M $77.30M $90.80M
YoY Change 19.11% -8.84% -3.3%
Operating Profit $59.82M $27.91M $39.29M
YoY Change 114.35% 4.06% -0.71%
Interest Expense -$9.555M -$8.700M -$8.100M
YoY Change 9.83% 11.54% 3.85%
% of Operating Profit -15.97% -31.17% -20.62%
Other Income/Expense, Net $734.0K $2.410M -$389.0K
YoY Change -69.54% 183.53% -131.27%
Pretax Income $50.38M $20.79M $29.91M
YoY Change 142.33% 10.76% -6.4%
Income Tax $8.308M $3.808M $5.638M
% Of Pretax Income 16.49% 18.32% 18.85%
Net Earnings $42.07M $16.98M $24.27M
YoY Change 147.74% 10.08% -7.81%
Net Earnings / Revenue 14.73% 8.81% 10.34%
Basic Earnings Per Share $1.01 $0.42 $0.60
Diluted Earnings Per Share $1.01 $0.42 $0.60
COMMON SHARES
Basic Shares Outstanding 41.50M shares 40.51M shares 40.22M shares
Diluted Shares Outstanding 41.82M shares 40.68M shares 40.44M shares

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.480M $39.50M $7.900M
YoY Change -96.25% 3850.0% 777.78%
Cash & Equivalents $1.480M $39.51M $7.884M
Short-Term Investments
Other Short-Term Assets $13.72M $8.031M $7.347M
YoY Change 70.88% -5.64% -26.43%
Inventory $103.0M $89.75M $98.15M
Prepaid Expenses
Receivables $133.0M $84.20M $96.16M
Other Receivables $12.25M $6.452M $7.228M
Total Short-Term Assets $304.9M $266.9M $256.2M
YoY Change 14.23% 1.27% -6.4%
LONG-TERM ASSETS
Property, Plant & Equipment $2.073B $1.862B $1.789B
YoY Change 11.35% 16.2% 13.32%
Goodwill $37.57M $37.57M $37.57M
YoY Change 0.0% 0.0% 0.0%
Intangibles $9.594M $10.70M $10.99M
YoY Change -10.36% -9.74% -9.55%
Long-Term Investments $55.81M $10.60M $9.500M
YoY Change 426.5% 9.28% 3.26%
Other Assets $30.68M $40.14M $38.25M
YoY Change -23.55% 2.91% -1.04%
Total Long-Term Assets $2.367B $2.122B $2.050B
YoY Change 11.51% 14.63% 11.96%
TOTAL ASSETS
Total Short-Term Assets $304.9M $266.9M $256.2M
Total Long-Term Assets $2.367B $2.122B $2.050B
Total Assets $2.672B $2.389B $2.306B
YoY Change 11.82% 12.97% 9.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $131.2M $134.0M $99.50M
YoY Change -2.05% 19.78% -0.99%
Accrued Expenses $23.78M $32.20M $28.00M
YoY Change -26.16% -2.72% 1.45%
Deferred Revenue
YoY Change
Short-Term Debt $128.0M $41.24M $19.89M
YoY Change 210.28% 12.67% -54.37%
Long-Term Debt Due $140.0M $261.0K $306.0K
YoY Change 53525.67% 47.46% 75.86%
Total Short-Term Liabilities $483.5M $232.9M $175.7M
YoY Change 107.57% 12.99% -12.47%
LONG-TERM LIABILITIES
Long-Term Debt $624.5M $724.4M $724.3M
YoY Change -13.78% 22.76% 22.76%
Other Long-Term Liabilities $62.16M $34.65M $30.91M
YoY Change 79.41% 20.06% 17.3%
Total Long-Term Liabilities $648.4M $759.0M $755.2M
YoY Change -14.57% 22.64% 22.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $483.5M $232.9M $175.7M
Total Long-Term Liabilities $648.4M $759.0M $755.2M
Total Liabilities $1.132B $992.0M $930.9M
YoY Change 14.11% 20.23% 13.93%
SHAREHOLDERS EQUITY
Retained Earnings $297.9M $233.7M $231.7M
YoY Change 27.45% 13.94% 13.79%
Common Stock $625.6M $594.4M $574.6M
YoY Change 5.25% 9.3% 6.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $915.1M $822.1M $800.0M
YoY Change
Total Liabilities & Shareholders Equity $2.672B $2.389B $2.306B
YoY Change 11.82% 12.97% 9.57%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $42.07M $16.98M $24.27M
YoY Change 147.74% 10.08% -7.81%
Depreciation, Depletion And Amortization $23.17M $20.44M $20.40M
YoY Change 13.37% 5.12% 6.63%
Cash From Operating Activities $53.27M $52.10M $21.78M
YoY Change 2.25% 0.0% 26.98%
INVESTING ACTIVITIES
Capital Expenditures -$26.79M -$44.70M -$75.10M
YoY Change -40.06% 52.56% 204.05%
Acquisitions
YoY Change
Other Investing Activities -$612.0K -$1.200M $0.00
YoY Change -49.0% 71.43% -100.0%
Cash From Investing Activities -$27.40M -$45.90M -$75.06M
YoY Change -40.3% 53.0% 195.09%
FINANCING ACTIVITIES
Cash Dividend Paid $14.91M
YoY Change 7.08%
Common Stock Issuance & Retirement, Net -$6.327M
YoY Change -331.76%
Debt Paid & Issued, Net $45.00K
YoY Change 7.14%
Cash From Financing Activities -25.65M 25.40M $39.97M
YoY Change -201.0% -214.93% 380.6%
NET CHANGE
Cash From Operating Activities 53.27M 52.10M $21.78M
Cash From Investing Activities -27.40M -45.90M -$75.06M
Cash From Financing Activities -25.65M 25.40M $39.97M
Net Change In Cash 217.0K 31.60M -$13.32M
YoY Change -99.31% -424128020480000200.0% -44483.33%
FREE CASH FLOW
Cash From Operating Activities $53.27M $52.10M $21.78M
Capital Expenditures -$26.79M -$44.70M -$75.10M
Free Cash Flow $80.07M $96.80M $96.88M
YoY Change -17.29% 18.92% 131.49%

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EarningsPerShareBasic
1.01
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.02
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.01
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.02
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
42069000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
16981000 USD
us-gaap Net Income Loss
NetIncomeLoss
72398000 USD
us-gaap Net Income Loss
NetIncomeLoss
41249000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
38000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-32000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
43000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-34000 USD
CY2021Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-11000 USD
CY2020Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
92000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-52000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
218000 USD
CY2021Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-10000 USD
CY2020Q2 us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
26000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
-20000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesTaxPortionAttributableToParent
53000 USD
CY2021Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-39000 USD
CY2020Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
98000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-75000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
199000 USD
CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
-190000 USD
CY2020Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
-137000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
-394000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent
-275000 USD
CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-50000 USD
CY2020Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-36000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-103000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-72000 USD
CY2021Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-140000 USD
CY2020Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-101000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-291000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-203000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
101000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
199000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
216000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
402000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
42170000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
17180000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
72614000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
41651000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
887866000 USD
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-22000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
42069000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
101000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1327000 USD
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.39
CY2021Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
16218000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
915123000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
800019000 USD
CY2020Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
18597000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
16981000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
199000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1237000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.37
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
14978000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
822055000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
870966000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-48000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1507000 USD
us-gaap Net Income Loss
NetIncomeLoss
72398000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
216000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5524000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.78
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
32426000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
915123000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
781482000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
26869000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
2069000 USD
us-gaap Net Income Loss
NetIncomeLoss
41249000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
402000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4007000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.74
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29885000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
822055000 USD
us-gaap Net Income Loss
NetIncomeLoss
72398000 USD
us-gaap Net Income Loss
NetIncomeLoss
41249000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45295000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
40835000 USD
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-372000 USD
us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-657000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
11327000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
9472000 USD
ottr Increase Decrease In Deferred Charges And Other Assets
IncreaseDecreaseInDeferredChargesAndOtherAssets
5749000 USD
ottr Increase Decrease In Deferred Charges And Other Assets
IncreaseDecreaseInDeferredChargesAndOtherAssets
5565000 USD
us-gaap Pension Contributions
PensionContributions
10000000 USD
us-gaap Pension Contributions
PensionContributions
11200000 USD
ottr Increase Decrease In Other Operating Liabilities And Increase Decrease In Deferred Liabilities
IncreaseDecreaseInOtherOperatingLiabilitiesAndIncreaseDecreaseInDeferredLiabilities
3710000 USD
ottr Increase Decrease In Other Operating Liabilities And Increase Decrease In Deferred Liabilities
IncreaseDecreaseInOtherOperatingLiabilitiesAndIncreaseDecreaseInDeferredLiabilities
-5178000 USD
us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
172000 USD
us-gaap Increase Decrease In Allowance For Equity Funds Used During Construction
IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction
1858000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5524000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4007000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
3246000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
147000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
49465000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
3929000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10859000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-8097000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8080000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1066000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12375000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-23562000 USD
ottr Increase Decrease In Interest Payable And Income Taxes Receivable Payable Net
IncreaseDecreaseInInterestPayableAndIncomeTaxesReceivablePayableNet
1810000 USD
ottr Increase Decrease In Interest Payable And Income Taxes Receivable Payable Net
IncreaseDecreaseInInterestPayableAndIncomeTaxesReceivablePayableNet
1917000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
68574000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
73901000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
76891000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
119830000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
4562000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3953000 USD
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
4074000 USD
us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
5128000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76403000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-121005000 USD
ottr Change In Checks Written In Excess Of Cash
ChangeInChecksWrittenInExcessOfCash
4586000 USD
ottr Change In Checks Written In Excess Of Cash
ChangeInChecksWrittenInExcessOfCash
-550000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
46960000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
35239000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
27225000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
67000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
374000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1507000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2069000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
35000000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
59000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
179000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
169000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
90000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
32426000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
29885000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8146000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
65417000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
317000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18313000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1163000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21199000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1480000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
39512000 USD
CY2021Q2 ottr Accounts Payable Outstanding Related To Capital Additions
AccountsPayableOutstandingRelatedToCapitalAdditions
9875000 USD
CY2020Q2 ottr Accounts Payable Outstanding Related To Capital Additions
AccountsPayableOutstandingRelatedToCapitalAdditions
61925000 USD
CY2021Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
18154000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:9pt;font-weight:400;line-height:120%">We use estimates based on the best information available in recording transactions and balances resulting from business operations. As better information becomes available, or actual amounts are known, the recorded estimates are revised. Consequently, operating results can be affected by revisions to prior accounting estimates.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021Q2 us-gaap Revenues
Revenues
285608000 USD
CY2020Q2 us-gaap Revenues
Revenues
192756000 USD
us-gaap Revenues
Revenues
547318000 USD
us-gaap Revenues
Revenues
427503000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
42069000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
16981000 USD
us-gaap Net Income Loss
NetIncomeLoss
72398000 USD
us-gaap Net Income Loss
NetIncomeLoss
41249000 USD
CY2021Q2 us-gaap Assets
Assets
2671587000 USD
CY2020Q4 us-gaap Assets
Assets
2578354000 USD
CY2021Q2 us-gaap Revenues
Revenues
285608000 USD
CY2020Q2 us-gaap Revenues
Revenues
192756000 USD
us-gaap Revenues
Revenues
547318000 USD
us-gaap Revenues
Revenues
427503000 USD
CY2021Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
135744000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
87048000 USD
CY2021Q2 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
12252000 USD
CY2020Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
8939000 USD
CY2020Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
21187000 USD
CY2021Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
166150000 USD
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
117174000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2726000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3215000 USD
CY2021Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
163424000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
113959000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3215000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1339000 USD
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
284000 USD
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1371000 USD
ottr Accounts Receivable Allowance For Credit Loss Writeoff After Recovery
AccountsReceivableAllowanceForCreditLossWriteoffAfterRecovery
773000 USD
ottr Accounts Receivable Allowance For Credit Loss Writeoff After Recovery
AccountsReceivableAllowanceForCreditLossWriteoffAfterRecovery
655000 USD
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2726000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2055000 USD
CY2021Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
21272000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
22046000 USD
CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
24140000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
16210000 USD
CY2021Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
57612000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
53909000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
103024000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
92165000 USD
CY2021Q2 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
39492000 USD
CY2020Q4 us-gaap Life Insurance Corporate Or Bank Owned Amount
LifeInsuranceCorporateOrBankOwnedAmount
36825000 USD
CY2021Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
9227000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
9260000 USD
CY2021Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
1861000 USD
CY2020Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
4075000 USD
CY2021Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
5201000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1662000 USD
CY2021Q2 us-gaap Other Investments
OtherInvestments
28000 USD
CY2020Q4 us-gaap Other Investments
OtherInvestments
34000 USD
CY2021Q2 us-gaap Investments
Investments
55809000 USD
CY2020Q4 us-gaap Investments
Investments
51856000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2073009000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2049273000 USD
CY2021Q2 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
23250000 USD
CY2021Q2 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
160018000 USD
CY2020Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
21900000 USD
CY2020Q4 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
168395000 USD
CY2021Q2 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
17301000 USD
CY2021Q2 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
231766000 USD
CY2020Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
16663000 USD
CY2020Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
233973000 USD
CY2020Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
340000000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
624540000 USD
CY2021Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
340000000 USD
CY2021Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
127957000 USD
CY2021Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
12671000 USD
CY2021Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
199372000 USD
CY2020Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
244902000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
767000000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
767169000 USD
CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
139963000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
140087000 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2497000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2650000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
624432000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020Q2 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 Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.050
CY2021Q2 ottr Effective Income Tax Rate Reconciliation Tax Credit Production Percent
EffectiveIncomeTaxRateReconciliationTaxCreditProductionPercent
0.063
CY2020Q2 ottr Effective Income Tax Rate Reconciliation Tax Credit Production Percent
EffectiveIncomeTaxRateReconciliationTaxCreditProductionPercent
0
ottr Effective Income Tax Rate Reconciliation Tax Credit Production Percent
EffectiveIncomeTaxRateReconciliationTaxCreditProductionPercent
0.068
ottr Effective Income Tax Rate Reconciliation Tax Credit Production Percent
EffectiveIncomeTaxRateReconciliationTaxCreditProductionPercent
0
CY2021Q2 ottr Effective Income Tax Rate Reconciliation Amortization Of Excess Deferred Taxes
EffectiveIncomeTaxRateReconciliationAmortizationOfExcessDeferredTaxes
-0.020
CY2020Q2 ottr Effective Income Tax Rate Reconciliation Amortization Of Excess Deferred Taxes
EffectiveIncomeTaxRateReconciliationAmortizationOfExcessDeferredTaxes
-0.034
ottr Effective Income Tax Rate Reconciliation Amortization Of Excess Deferred Taxes
EffectiveIncomeTaxRateReconciliationAmortizationOfExcessDeferredTaxes
-0.024
ottr Effective Income Tax Rate Reconciliation Amortization Of Excess Deferred Taxes
EffectiveIncomeTaxRateReconciliationAmortizationOfExcessDeferredTaxes
-0.038
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.003
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.012
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.003
us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.010
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
0
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
0.006
us-gaap Effective Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
0
us-gaap Effective Income Tax Rate Reconciliation Deductions Employee Stock Ownership Plan Dividends
EffectiveIncomeTaxRateReconciliationDeductionsEmployeeStockOwnershipPlanDividends
0.010
CY2021Q2 ottr Effective Income Tax Rate Reconciliation Allowance For Equity Funds Used During Construction Percent
EffectiveIncomeTaxRateReconciliationAllowanceForEquityFundsUsedDuringConstructionPercent
-0.001
CY2020Q2 ottr Effective Income Tax Rate Reconciliation Allowance For Equity Funds Used During Construction Percent
EffectiveIncomeTaxRateReconciliationAllowanceForEquityFundsUsedDuringConstructionPercent
-0.008
ottr Effective Income Tax Rate Reconciliation Allowance For Equity Funds Used During Construction Percent
EffectiveIncomeTaxRateReconciliationAllowanceForEquityFundsUsedDuringConstructionPercent
-0.001
ottr Effective Income Tax Rate Reconciliation Allowance For Equity Funds Used During Construction Percent
EffectiveIncomeTaxRateReconciliationAllowanceForEquityFundsUsedDuringConstructionPercent
-0.010
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.008
CY2020Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.017
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.006
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.006
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.165
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.183
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.158
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.186
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1300000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1200000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5500000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000000.0 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41759000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40561000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41500000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40513000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41478000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40365000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
318000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
164000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
281000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
196000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41818000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40677000 shares

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