2021 Q1 Form 10-Q Financial Statement

#000007660521000108 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $850.5M $589.2M
YoY Change 44.34% -3.12%
Cost Of Revenue $689.0M $479.8M
YoY Change 43.61% -4.37%
Gross Profit $161.5M $109.5M
YoY Change 47.54% 2.75%
Gross Profit Margin 18.99% 18.58%
Selling, General & Admin $51.23M $35.87M
YoY Change 42.83% -4.84%
% of Gross Profit 31.72% 32.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.52M $17.18M
YoY Change 31.13% 10.5%
% of Gross Profit 13.94% 15.69%
Operating Expenses $93.05M $70.20M
YoY Change 32.55% -0.74%
Operating Profit $68.48M $39.28M
YoY Change 74.35% 9.64%
Interest Expense -$11.18M -$10.49M
YoY Change 6.55% 16.8%
% of Operating Profit -16.32% -26.71%
Other Income/Expense, Net
YoY Change
Pretax Income $57.30M $28.79M
YoY Change 99.06% 7.24%
Income Tax $9.789M $7.600M
% Of Pretax Income 17.08% 26.4%
Net Earnings $47.51M $21.19M
YoY Change 124.26% 1.62%
Net Earnings / Revenue 5.59% 3.6%
Basic Earnings Per Share $2.09 $0.92
Diluted Earnings Per Share $2.04 $0.91
COMMON SHARES
Basic Shares Outstanding 22.74M shares 23.02M shares
Diluted Shares Outstanding 23.29M shares 23.27M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.200M $94.50M
YoY Change -93.44% 1011.76%
Cash & Equivalents $6.171M $94.52M
Short-Term Investments
Other Short-Term Assets $28.40M $26.30M
YoY Change 7.98% 47.75%
Inventory $345.2M $273.5M
Prepaid Expenses
Receivables $212.0M $154.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $591.8M $548.9M
YoY Change 7.82% 28.09%
LONG-TERM ASSETS
Property, Plant & Equipment $256.2M $189.1M
YoY Change 35.47% 4.88%
Goodwill $405.4M $325.9M
YoY Change 24.38% 11.57%
Intangibles $451.3M $356.6M
YoY Change 26.54% -3.67%
Long-Term Investments
YoY Change
Other Assets $3.575M $407.0K
YoY Change 778.38% -18.44%
Total Long-Term Assets $1.243B $973.2M
YoY Change 27.72% 5.03%
TOTAL ASSETS
Total Short-Term Assets $591.8M $548.9M
Total Long-Term Assets $1.243B $973.2M
Total Assets $1.835B $1.522B
YoY Change 20.54% 12.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $154.3M $138.1M
YoY Change 11.69% 10.84%
Accrued Expenses $105.5M $64.89M
YoY Change 62.65% 13.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.500M $5.000M
YoY Change 50.0% -50.0%
Total Short-Term Liabilities $299.8M $236.2M
YoY Change 26.95% 8.45%
LONG-TERM LIABILITIES
Long-Term Debt $785.8M $672.2M
YoY Change 16.9% 9.56%
Other Long-Term Liabilities $19.58M $20.97M
YoY Change -6.62% 25.12%
Total Long-Term Liabilities $805.4M $693.2M
YoY Change 16.19% 9.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $299.8M $236.2M
Total Long-Term Liabilities $805.4M $693.2M
Total Liabilities $1.240B $1.027B
YoY Change 20.73% 10.87%
SHAREHOLDERS EQUITY
Retained Earnings $401.1M $309.0M
YoY Change 29.83% 25.73%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $595.3M $495.4M
YoY Change
Total Liabilities & Shareholders Equity $1.835B $1.522B
YoY Change 20.54% 12.32%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $47.51M $21.19M
YoY Change 124.26% 1.62%
Depreciation, Depletion And Amortization $22.52M $17.18M
YoY Change 31.13% 10.5%
Cash From Operating Activities $50.29M $13.16M
YoY Change 282.04% -52.79%
INVESTING ACTIVITIES
Capital Expenditures $14.24M $7.580M
YoY Change 87.85% -24.24%
Acquisitions $28.86M $24.28M
YoY Change 18.87% 1886.99%
Other Investing Activities $2.000M $0.00
YoY Change -100.0%
Cash From Investing Activities -$45.05M -$31.84M
YoY Change 41.47% 223.08%
FINANCING ACTIVITIES
Cash Dividend Paid $6.573M $5.837M
YoY Change 12.61%
Common Stock Issuance & Retirement, Net $0.00 $15.55M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$43.84M -$26.19M
YoY Change 67.4% 59.02%
NET CHANGE
Cash From Operating Activities $50.29M $13.16M
Cash From Investing Activities -$45.05M -$31.84M
Cash From Financing Activities -$43.84M -$26.19M
Net Change In Cash -$38.60M -$44.87M
YoY Change -13.98% -2977.93%
FREE CASH FLOW
Cash From Operating Activities $50.29M $13.16M
Capital Expenditures $14.24M $7.580M
Free Cash Flow $36.05M $5.584M
YoY Change 545.65% -68.77%

Facts In Submission

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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6171000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
94523000 USD
CY2021Q1 patk Increase Decrease In Accrued Capital Expenditures
IncreaseDecreaseInAccruedCapitalExpenditures
-2816000 USD
CY2020Q1 patk Increase Decrease In Accrued Capital Expenditures
IncreaseDecreaseInAccruedCapitalExpenditures
57000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
559441000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
47513000 USD
CY2021Q1 us-gaap Dividends
Dividends
6623000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
916000 USD
CY2021Q1 patk Shares Used To Pay Taxes On Stock Grants
SharesUsedToPayTaxesOnStockGrants
14464000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4194000 USD
CY2021Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
4298000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
595275000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
497481000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
21187000 USD
CY2020Q1 us-gaap Dividends
Dividends
5978000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3043000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
15550000 USD
CY2020Q1 patk Shares Used To Pay Taxes On Stock Grants
SharesUsedToPayTaxesOnStockGrants
3032000 USD
CY2020Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
4311000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
495376000 USD
CY2021Q1 us-gaap Fiscal Period
FiscalPeriod
The Company maintains its financial records on the basis of a fiscal year ending on December 31, with the fiscal quarters spanning approximately thirteen weeks. The first quarter ends on the Sunday closest to the end of the first thirteen-week period. The second and third quarters are thirteen weeks in duration and the fourth quarter is the remainder of the year. The first quarter of fiscal year 2021 ended on March 28, 2021 and the first quarter of fiscal year 2020 ended on March 29, 2020.
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
850483000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
589232000 USD
CY2021Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
23641000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
19282000 USD
CY2021Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
34257000 USD
CY2021Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
174676000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
157219000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
37632000 USD
CY2021Q1 patk Inventory Manufactured Goods Net
InventoryManufacturedGoodsNet
223403000 USD
CY2020Q4 patk Inventory Manufactured Goods Net
InventoryManufacturedGoodsNet
205813000 USD
CY2021Q1 us-gaap Other Inventory Purchased Goods
OtherInventoryPurchasedGoods
127214000 USD
CY2020Q4 us-gaap Other Inventory Purchased Goods
OtherInventoryPurchasedGoods
112158000 USD
CY2021Q1 patk Total Materials Purchased For Resale Distribution Products Net
TotalMaterialsPurchasedForResaleDistributionProductsNet
121841000 USD
CY2020Q4 patk Total Materials Purchased For Resale Distribution Products Net
TotalMaterialsPurchasedForResaleDistributionProductsNet
106996000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
345244000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
312809000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
395800000 USD
CY2021Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
3894000 USD
CY2021Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
5688000 USD
CY2021Q1 us-gaap Goodwill
Goodwill
405382000 USD
CY2021Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
621423000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
614524000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
170154000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
158248000 USD
CY2021Q1 patk Number Of Businesses Acquired Immaterial
NumberOfBusinessesAcquiredImmaterial
3 acquisition
CY2020 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
7 acquisition
CY2020 patk Number Of Businesses Acquired Immaterial
NumberOfBusinessesAcquiredImmaterial
4 acquisition
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
11935000 USD
CY2020Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
130981000 USD
CY2021Q1 patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
100000 USD
CY2020Q1 patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
3000000.0 USD
CY2021Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
857009000 USD
CY2020Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
656107000 USD
CY2021Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
47815000 USD
CY2020Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
24136000 USD
CY2021Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
2.10
CY2020Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.05
CY2021Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
2.05
CY2020Q1 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.04
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4300000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4300000 USD
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
218254 shares
CY2021Q1 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
72.63
CY2021Q1 patk Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Fair Valueof Shares Granted
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsFairValueofSharesGranted
15900000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
33900000 USD
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23286000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23267000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.09
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.09
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.04
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.04
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.91
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
47513000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
47513000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
21187000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22737000 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22737000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
23016000 shares
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
549000 shares
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
251000 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23286000 shares
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
451269000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
456276000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
456276000 USD
CY2021Q1 patk Intangible Assets Acquired During Period
IntangibleAssetsAcquiredDuringPeriod
11988000 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11906000 USD
CY2021Q1 us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Intangibles
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentIntangibles
-5089000 USD
CY2021Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
451269000 USD
CY2021Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
4 acquisition
CY2020Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
3 acquisition
CY2021Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
6900000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
6900000 USD
CY2021Q1 us-gaap Business Combination Contingent Consideration Arrangements Range Of Outcomes Value High
BusinessCombinationContingentConsiderationArrangementsRangeOfOutcomesValueHigh
14500000 USD
CY2021Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
813000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
840000000 USD
CY2021Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
14304000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
16072000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
404000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
434000 USD
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
7500000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7500000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
785849000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
810907000 USD
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
3300000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
2600000 USD
CY2021Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-155000 USD
CY2021Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-1071000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
916000 USD
CY2020Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-4114000 USD
CY2020Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-1071000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3043000 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
9585000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
8176000 USD
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
9387000 USD
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
8084000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15185000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12428000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
124384000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
117816000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
32513000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
30901000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
93327000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
88175000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
125840000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
119076000 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
27792000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
33939000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
27840000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
20307000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
12054000 USD
CY2021Q1 patk Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
18862000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
140794000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14954000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
125840000 USD
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.171
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.264
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
5700000 USD
CY2020Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2021Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
850483000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
589232000 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
68481000 USD
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
39279000 USD
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 USD
CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
36000000.0 USD
CY2021Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
456155 shares
CY2020Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
34.09
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
15600000 USD

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