$PATK
PATRICK INDUSTRIES INC

2020 Q4 Form 10-Q Financial Statement

#000007660520000186 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $772.6M $700.7M $566.2M
YoY Change 40.61% 23.76% -1.56%
Cost Of Revenue $630.3M $567.2M $461.9M
YoY Change 40.04% 22.81% -1.42%
Gross Profit $142.3M $133.5M $104.3M
YoY Change 43.28% 27.95% -2.18%
Gross Profit Margin 18.42% 19.05% 18.43%
Selling, General & Admin $68.90M $38.18M $33.82M
YoY Change 27.83% 12.91% 1.6%
% of Gross Profit 48.41% 28.6% 32.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.30M $18.30M $16.20M
YoY Change 23.78% 12.96% 14.89%
% of Gross Profit 14.26% 13.71% 15.53%
Operating Expenses $80.20M $73.67M $66.93M
YoY Change 26.5% 10.08% 8.04%
Operating Profit $62.12M $59.83M $37.41M
YoY Change 72.9% 59.93% -16.33%
Interest Expense -$11.20M -$10.51M -$8.603M
YoY Change 7.69% 22.13% 17.24%
% of Operating Profit -18.03% -17.56% -23.0%
Other Income/Expense, Net
YoY Change
Pretax Income $51.00M $49.32M $28.81M
YoY Change 99.22% 71.22% -22.92%
Income Tax $13.20M $11.99M $7.490M
% Of Pretax Income 25.88% 24.3% 26.0%
Net Earnings $37.82M $37.34M $21.32M
YoY Change 89.27% 75.15% -23.69%
Net Earnings / Revenue 4.9% 5.33% 3.77%
Basic Earnings Per Share $1.68 $1.65 $0.92
Diluted Earnings Per Share $1.64 $1.62 $0.92
COMMON SHARES
Basic Shares Outstanding 23.36M shares 22.67M shares 23.08M shares
Diluted Shares Outstanding 23.07M shares 23.27M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $44.80M $62.30M $116.7M
YoY Change -67.86% -46.62% 116600.0%
Cash & Equivalents $44.77M $62.35M $116.7M
Short-Term Investments
Other Short-Term Assets $38.00M $12.60M $18.90M
YoY Change 5.56% -33.33% 6.18%
Inventory $312.8M $281.4M $262.6M
Prepaid Expenses
Receivables $132.5M $175.5M $129.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $528.1M $531.8M $528.0M
YoY Change 2.17% 0.73% 35.48%
LONG-TERM ASSETS
Property, Plant & Equipment $251.5M $197.4M $179.9M
YoY Change 39.06% 9.75% 5.56%
Goodwill $395.8M $356.4M $308.4M
YoY Change 23.94% 15.59% 19.47%
Intangibles $456.3M $380.9M $350.2M
YoY Change 27.8% 8.77% -11.65%
Long-Term Investments
YoY Change
Other Assets $3.987M $384.0K $474.0K
YoY Change 842.55% -18.99% -27.96%
Total Long-Term Assets $1.225B $1.043B $923.1M
YoY Change 28.42% 13.0% 11.3%
TOTAL ASSETS
Total Short-Term Assets $528.1M $531.8M $528.0M
Total Long-Term Assets $1.225B $1.043B $923.1M
Total Assets $1.753B $1.575B $1.451B
YoY Change 19.2% 8.53% 19.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.8M $117.1M $117.9M
YoY Change 9.96% -0.66% 22.51%
Accrued Expenses $83.20M $101.3M $53.42M
YoY Change 43.37% 89.61% -24.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.500M $5.000M $5.000M
YoY Change 50.0% 0.0% -33.33%
Total Short-Term Liabilities $227.4M $252.9M $202.3M
YoY Change 21.64% 25.05% 16.11%
LONG-TERM LIABILITIES
Long-Term Debt $810.9M $673.9M $670.9M
YoY Change 20.97% 0.44% 12.89%
Other Long-Term Liabilities $28.01M $19.34M $22.70M
YoY Change 24.63% -14.82% 50.92%
Total Long-Term Liabilities $838.9M $693.2M $693.6M
YoY Change 21.09% -0.06% 13.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $227.4M $252.9M $202.3M
Total Long-Term Liabilities $838.9M $693.2M $693.6M
Total Liabilities $1.194B $1.049B $971.2M
YoY Change 22.65% 8.02% 20.66%
SHAREHOLDERS EQUITY
Retained Earnings $360.2M $331.3M $291.7M
YoY Change 17.91% 13.6% 29.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $559.4M $525.8M $479.9M
YoY Change
Total Liabilities & Shareholders Equity $1.753B $1.575B $1.451B
YoY Change 19.2% 8.53% 19.03%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $37.82M $37.34M $21.32M
YoY Change 89.27% 75.15% -23.69%
Depreciation, Depletion And Amortization $20.30M $18.30M $16.20M
YoY Change 23.78% 12.96% 14.89%
Cash From Operating Activities $47.40M $73.40M $28.20M
YoY Change -32.67% 160.28% -56.88%
INVESTING ACTIVITIES
Capital Expenditures -$9.900M -$10.90M -$4.000M
YoY Change 80.0% 172.5% -38.46%
Acquisitions
YoY Change
Other Investing Activities -$182.5M -$99.60M -$20.90M
YoY Change 439.94% 376.56% -87.6%
Cash From Investing Activities -$192.5M -$110.4M -$25.00M
YoY Change 392.33% 341.6% -85.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 127.5M -11.70M 90.00M
YoY Change -1582.56% -113.0% -17.81%
NET CHANGE
Cash From Operating Activities 47.40M 73.40M 28.20M
Cash From Investing Activities -192.5M -110.4M -25.00M
Cash From Financing Activities 127.5M -11.70M 90.00M
Net Change In Cash -17.60M -48.70M 93.20M
YoY Change -177.53% -152.25% 96223786535384510.0%
FREE CASH FLOW
Cash From Operating Activities $47.40M $73.40M $28.20M
Capital Expenditures -$9.900M -$10.90M -$4.000M
Free Cash Flow $57.30M $84.30M $32.20M
YoY Change -24.51% 161.8% -55.22%

Facts In Submission

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PATRICK INDUSTRIES, INC.
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
20355000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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112758000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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122033000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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22159000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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22227000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
117000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4509000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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123382000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
22350000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-145424000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-40068000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
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7500000 USD
us-gaap Repayments Of Debt
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2500000 USD
us-gaap Repayments Of Debt
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3750000 USD
us-gaap Proceeds From Lines Of Credit
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8198000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-44377000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27852000 USD
patk Share Based Payment Arrangement Expense Forfeitures And Modifications
ShareBasedPaymentArrangementExpenseForfeituresAndModifications
2300000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
648460000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
8198000 USD
us-gaap Repayments Of Lines Of Credit
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905792000 USD
us-gaap Payments For Repurchase Of Common Stock
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20286000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3583000 USD
us-gaap Proceeds From Issuance Of Secured Debt
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0 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
300000000 USD
us-gaap Payments Of Dividends
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17265000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2910000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3359000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
58000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7214000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
642000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2000000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
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4416000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
109817000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
139390000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6895000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62347000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
116712000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
493268000 USD
CY2020Q3 us-gaap Net Income Loss
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37336000 USD
CY2020Q3 us-gaap Dividends
Dividends
5865000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1049000 USD
CY2020Q3 us-gaap Stock Repurchased During Period Value
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4736000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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53000 USD
CY2020Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
4830000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
525829000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
497481000 USD
us-gaap Net Income Loss
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59237000 USD
us-gaap Dividends
Dividends
17666000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-1545000 USD
us-gaap Stock Repurchased During Period Value
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20286000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
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642000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3211000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
11177000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
525829000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
458617000 USD
CY2019Q3 us-gaap Net Income Loss
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21317000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2019Q3 us-gaap Stock Repurchased During Period Value
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3583000 USD
CY2019Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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59000 USD
CY2019Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
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3867000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
479938000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
408754000 USD
us-gaap Net Income Loss
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69582000 USD
CY2020Q3 patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
500000 USD
patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
2200000 USD
CY2019Q3 patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
1400000 USD
patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
4000000.0 USD
CY2020Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
719953000 USD
CY2019Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
621936000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1798914000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1961263000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
3583000 USD
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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3587000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
12039000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
479938000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
700707000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1713984000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
566186000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1787622000 USD
CY2020Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
38412000 USD
CY2020Q3 us-gaap Inventory Raw Materials
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196298000 USD
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
162238000 USD
CY2020Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
15955000 USD
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
14272000 USD
CY2020Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
28225000 USD
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
28446000 USD
CY2020Q3 patk Inventory Manufactured Goods Net
InventoryManufacturedGoodsNet
227177000 USD
CY2019Q4 patk Inventory Manufactured Goods Net
InventoryManufacturedGoodsNet
194833000 USD
CY2020Q3 us-gaap Other Inventory Purchased Goods
OtherInventoryPurchasedGoods
56676000 USD
CY2019Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
24914000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
65392000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
80077000 USD
CY2020Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.69
CY2019Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.08
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
2.87
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
3.47
CY2020Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.66
CY2019Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.07
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
2.83
CY2019Q4 us-gaap Other Inventory Purchased Goods
OtherInventoryPurchasedGoods
60918000 USD
CY2020Q3 patk Total Materials Purchased For Resale Distribution Products Net
TotalMaterialsPurchasedForResaleDistributionProductsNet
54197000 USD
CY2019Q4 patk Total Materials Purchased For Resale Distribution Products Net
TotalMaterialsPurchasedForResaleDistributionProductsNet
59037000 USD
CY2020Q3 us-gaap Inventory Net
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281374000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
253870000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
319349000 USD
us-gaap Goodwill Acquired During Period
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44067000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-6983000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
356433000 USD
CY2020Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
527899000 USD
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
478734000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
146980000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
121720000 USD
CY2020Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
380919000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
357014000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
357014000 USD
patk Intangible Assets Acquired During Period
IntangibleAssetsAcquiredDuringPeriod
49505000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29600000 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1950000 USD
us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Intangibles
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentIntangibles
5950000 USD
CY2020Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
380919000 USD
CY2020Q3 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
2000000.0 USD
CY2020Q3 us-gaap Number Of Businesses Acquired
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6 acquisition
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
9 acquisition
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
3.44
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2 acquisition
CY2020Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
8000000.0 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
9600000 USD
CY2020Q3 us-gaap Business Combination Contingent Consideration Arrangements Range Of Outcomes Value High
BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh
14800000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2000000.0 USD
patk Number Of Businesses Acquired Immaterial
NumberOfBusinessesAcquiredImmaterial
4 acquisition
CY2019 patk Business Combination Contingent Consideration Liability Performance Period
BusinessCombinationContingentConsiderationLiabilityPerformancePeriod
P1Y
CY2019 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
4 acquisition
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
49445000 USD
CY2019Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
23715000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4900000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11200000 USD
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3800000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12000000.0 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
275740 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
53.78
patk Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Fair Valueof Shares Granted
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsFairValueofSharesGranted
14800000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
41.33
CY2020Q3 patk Share Based Compensation Arrangement Cost To Be Expensed
ShareBasedCompensationArrangementCostToBeExpensed
6600000 USD
CY2020Q3 patk Share Based Compensation Arrangement Cost To Be Expensed Per Share
ShareBasedCompensationArrangementCostToBeExpensedPerShare
14.25
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.42
CY2020Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
25500000 USD
CY2020Q3 us-gaap Net Income Loss
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37336000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
21317000 USD
us-gaap Net Income Loss
NetIncomeLoss
59237000 USD
us-gaap Net Income Loss
NetIncomeLoss
69582000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22674000 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23076000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22784000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23073000 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
398000 shares
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
197000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
304000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
206000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23072000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23273000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23088000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23279000 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.65
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.60
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.02
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.62
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.57
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.99
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
702500000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
705000000 USD
CY2020Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
17958000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
23260000 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
463000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
542000 USD
CY2020Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
5000000 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5000000 USD
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
673852000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
670354000 USD
CY2020Q3 us-gaap Interest Paid Net
InterestPaidNet
3200000 USD
CY2019Q3 us-gaap Interest Paid Net
InterestPaidNet
6900000 USD
us-gaap Interest Paid Net
InterestPaidNet
21400000 USD
us-gaap Interest Paid Net
InterestPaidNet
19700000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1049000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1545000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-221000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3273000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
8525000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
7848000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
8317000 USD
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
6946000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
17091000 USD
CY2019Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5522000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
25093000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
23536000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
24680000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
20545000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
34993000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
14767000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
105410000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
93546000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
29565000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
27694000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
76873000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
66467000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
106438000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
94161000 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M12D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M12D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.037
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
8561000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
31924000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
26328000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
20593000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
14552000 USD
CY2020Q3 patk Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
14283000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
116241000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9803000 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
106438000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
31000000.0 USD
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
132600000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.260
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.254
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.246
us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2200000 USD
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-900000 USD
CY2020Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
1800000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1600000 USD
CY2019Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
7400000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
30000000.0 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
700707000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
566186000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1713984000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1787622000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
59829000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
37410000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
111214000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
118465000 USD
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 USD
CY2020Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
38800000 USD
CY2020Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
88950 shares
CY2020Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
53.24
CY2020Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4700000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
545105 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
37.22
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
20300000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
98201 shares
CY2019Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
98201 shares
CY2019Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
36.50
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
36.50
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3600000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3600000 USD

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