$PATK
PATRICK INDUSTRIES INC

2021 Q2 Form 10-Q Financial Statement

#000007660521000153 Filed on August 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q4 2020 Q2
Revenue $1.020B $772.6M $424.0M
YoY Change 140.53% 40.61% -30.85%
Cost Of Revenue $815.5M $630.3M $350.3M
YoY Change 132.78% 40.04% -30.01%
Gross Profit $204.5M $142.3M $73.72M
YoY Change 177.37% 43.28% -34.56%
Gross Profit Margin 20.05% 18.42% 17.39%
Selling, General & Admin $60.37M $68.90M $31.63M
YoY Change 90.86% 27.83% -3.85%
% of Gross Profit 29.52% 48.41% 42.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.22M $20.30M $17.50M
YoY Change 49.8% 23.78% 19.05%
% of Gross Profit 12.82% 14.26% 23.74%
Operating Expenses $109.2M $80.20M $61.62M
YoY Change 77.25% 26.5% -8.63%
Operating Profit $95.27M $62.12M $12.11M
YoY Change 686.93% 72.9% -73.23%
Interest Expense -$14.58M -$11.20M -$10.82M
YoY Change 34.74% 7.69% 25.3%
% of Operating Profit -15.3% -18.03% -89.39%
Other Income/Expense, Net
YoY Change
Pretax Income $80.69M $51.00M $1.285M
YoY Change 6179.07% 99.22% -96.49%
Income Tax $21.70M $13.20M $571.0K
% Of Pretax Income 26.9% 25.88% 44.44%
Net Earnings $58.99M $37.82M $714.0K
YoY Change 8161.2% 89.27% -97.4%
Net Earnings / Revenue 5.78% 4.9% 0.17%
Basic Earnings Per Share $2.57 $1.68 $0.03
Diluted Earnings Per Share $2.52 $1.64 $0.03
COMMON SHARES
Basic Shares Outstanding 22.95M shares 23.36M shares 22.67M shares
Diluted Shares Outstanding 23.44M shares 22.93M shares

Balance Sheet

Concept 2021 Q2 2020 Q4 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.40M $44.80M $111.1M
YoY Change -47.43% -67.86% 370.76%
Cash & Equivalents $58.40M $44.77M $111.1M
Short-Term Investments
Other Short-Term Assets $34.69M $38.00M $21.10M
YoY Change 64.41% 5.56% 1.93%
Inventory $406.2M $312.8M $261.7M
Prepaid Expenses
Receivables $264.3M $132.5M $143.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $763.6M $528.1M $537.5M
YoY Change 42.08% 2.17% 30.55%
LONG-TERM ASSETS
Property, Plant & Equipment $298.0M $251.5M $184.8M
YoY Change 61.27% 39.06% 1.8%
Goodwill $453.5M $395.8M $326.5M
YoY Change 38.92% 23.94% 8.13%
Intangibles $563.3M $456.3M $344.9M
YoY Change 63.32% 27.8% -1.31%
Long-Term Investments
YoY Change
Other Assets $6.660M $3.987M $392.0K
YoY Change 1598.98% 842.55% -18.67%
Total Long-Term Assets $1.461B $1.225B $955.3M
YoY Change 52.94% 28.42% 3.93%
TOTAL ASSETS
Total Short-Term Assets $763.6M $528.1M $537.5M
Total Long-Term Assets $1.461B $1.225B $955.3M
Total Assets $2.225B $1.753B $1.493B
YoY Change 49.03% 19.2% 12.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $164.6M $105.8M $115.8M
YoY Change 42.13% 9.96% -1.95%
Accrued Expenses $120.7M $83.20M $69.13M
YoY Change 74.59% 43.37% 35.21%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.500M $7.500M $5.000M
YoY Change 50.0% 50.0% -50.0%
Total Short-Term Liabilities $328.8M $227.4M $218.5M
YoY Change 50.45% 21.64% 6.55%
LONG-TERM LIABILITIES
Long-Term Debt $1.077B $810.9M $673.1M
YoY Change 59.99% 20.97% 18.13%
Other Long-Term Liabilities $21.64M $28.01M $20.48M
YoY Change 5.68% 24.63% 5.06%
Total Long-Term Liabilities $1.099B $838.9M $693.6M
YoY Change 58.39% 21.09% 17.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $328.8M $227.4M $218.5M
Total Long-Term Liabilities $1.099B $838.9M $693.6M
Total Liabilities $1.581B $1.194B $999.5M
YoY Change 58.22% 22.65% 14.59%
SHAREHOLDERS EQUITY
Retained Earnings $453.4M $360.2M $303.8M
YoY Change 49.23% 17.91% 11.24%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.55M $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $643.3M $559.4M $493.3M
YoY Change
Total Liabilities & Shareholders Equity $2.225B $1.753B $1.493B
YoY Change 49.03% 19.2% 12.16%

Cashflow Statement

Concept 2021 Q2 2020 Q4 2020 Q2
OPERATING ACTIVITIES
Net Income $58.99M $37.82M $714.0K
YoY Change 8161.2% 89.27% -97.4%
Depreciation, Depletion And Amortization $26.22M $20.30M $17.50M
YoY Change 49.8% 23.78% 19.05%
Cash From Operating Activities $28.45M $47.40M $26.20M
YoY Change 8.57% -32.67% -60.24%
INVESTING ACTIVITIES
Capital Expenditures -$12.15M -$9.900M -$3.700M
YoY Change 228.24% 80.0% -54.88%
Acquisitions
YoY Change
Other Investing Activities -$223.7M -$182.5M $600.0K
YoY Change -37391.33% 439.94% -79.31%
Cash From Investing Activities -$235.9M -$192.5M -$3.200M
YoY Change 7271.66% 392.33% -38.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 259.6M 127.5M -6.500M
YoY Change -4093.58% -1582.56% -85.75%
NET CHANGE
Cash From Operating Activities 28.45M 47.40M 26.20M
Cash From Investing Activities -235.9M -192.5M -3.200M
Cash From Financing Activities 259.6M 127.5M -6.500M
Net Change In Cash 52.14M -17.60M 16.50M
YoY Change 215.97% -177.53% 9.27%
FREE CASH FLOW
Cash From Operating Activities $28.45M $47.40M $26.20M
Capital Expenditures -$12.15M -$9.900M -$3.700M
Free Cash Flow $40.59M $57.30M $29.90M
YoY Change 35.75% -24.51% -59.65%

Facts In Submission

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PATRICK INDUSTRIES, INC.
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-14908000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
66400000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
25055000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
78745000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39372000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
26345000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11305000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
112000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
126000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
252660000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
23838000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-280893000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35017000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
58750000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
1250000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
1250000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
425475000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
8022000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
565475000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
8022000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
350000000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
21550000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
15550000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
13061000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
11607000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14885000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2860000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5798000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
58000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1000000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4577000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
642000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
215783000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-32683000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
13635000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-28328000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44767000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
139390000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58402000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
111062000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
595275000 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
58985000 USD
CY2021Q2 us-gaap Dividends
Dividends
6657000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1007000 USD
CY2021Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
21550000 USD
CY2021Q2 patk Shares Used To Pay Taxes On Stock Grants
SharesUsedToPayTaxesOnStockGrants
421000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
10211000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
383000 USD
CY2021Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
6038000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
643271000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
559441000 USD
us-gaap Net Income Loss
NetIncomeLoss
106498000 USD
us-gaap Dividends
Dividends
13280000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1923000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
21550000 USD
patk Shares Used To Pay Taxes On Stock Grants
SharesUsedToPayTaxesOnStockGrants
14885000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
10211000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4577000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
10336000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
643271000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
495376000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
714000 USD
CY2020Q2 us-gaap Dividends
Dividends
5823000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
449000 USD
CY2020Q2 patk Shares Used To Pay Taxes On Stock Grants
SharesUsedToPayTaxesOnStockGrants
126000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
642000 USD
CY2020Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
2036000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
493268000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
497481000 USD
us-gaap Net Income Loss
NetIncomeLoss
21901000 USD
us-gaap Dividends
Dividends
11801000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2594000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
15550000 USD
patk Shares Used To Pay Taxes On Stock Grants
SharesUsedToPayTaxesOnStockGrants
3158000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
642000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
6347000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
493268000 USD
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 second quarter of fiscal year 2021 ended on June 27, 2021 and the second quarter of fiscal year 2020 ended on June 28, 2020.
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1019953000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1870436000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
424045000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1013277000 USD
CY2021Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
218116000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
157219000 USD
CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
26466000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
19282000 USD
CY2021Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
57827000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
37632000 USD
CY2021Q2 patk Inventory Manufactured Goods Net
InventoryManufacturedGoodsNet
292094000 USD
CY2020Q4 patk Inventory Manufactured Goods Net
InventoryManufacturedGoodsNet
205813000 USD
CY2021Q2 us-gaap Other Inventory Purchased Goods
OtherInventoryPurchasedGoods
119765000 USD
CY2020Q4 us-gaap Other Inventory Purchased Goods
OtherInventoryPurchasedGoods
112158000 USD
CY2021Q2 patk Total Materials Purchased For Resale Distribution Products Net
TotalMaterialsPurchasedForResaleDistributionProductsNet
114141000 USD
CY2020Q4 patk Total Materials Purchased For Resale Distribution Products Net
TotalMaterialsPurchasedForResaleDistributionProductsNet
106996000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
406235000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
312809000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
395800000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
50607000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
7130000 USD
CY2021Q2 us-gaap Goodwill
Goodwill
453537000 USD
CY2021Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
747473000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
614524000 USD
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
184185000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
158248000 USD
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
563288000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
456276000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
25937000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
456276000 USD
patk Intangible Assets Acquired During Period
IntangibleAssetsAcquiredDuringPeriod
138038000 USD
us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Intangibles
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentIntangibles
-5089000 USD
CY2021Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
563288000 USD
CY2020Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
3 acquisition
patk Number Of Businesses Acquired Immaterial
NumberOfBusinessesAcquiredImmaterial
4 acquisition
CY2020 patk Number Of Businesses Acquired Immaterial
NumberOfBusinessesAcquiredImmaterial
4 acquisition
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
73.53
CY2021Q2 patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
600000 USD
patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
3100000 USD
CY2020Q2 patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
5200000 USD
patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
10500000 USD
CY2021Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1038874000 USD
CY2020Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
515104000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1953675000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1215622000 USD
CY2021Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
60187000 USD
CY2020Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-791000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
111524000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
23428000 USD
CY2021Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
2.62
CY2020Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.03
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
4.88
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.03
CY2021Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
2.57
CY2020Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.03
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
4.77
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.01
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6000000.0 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10300000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2000000.0 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6300000 USD
patk Share Based Payment Arrangement Expense Forfeitures And Modifications
ShareBasedPaymentArrangementExpenseForfeituresAndModifications
2400000 USD
CY2020Q2 patk Share Based Payment Arrangement Expense Forfeitures And Modifications
ShareBasedPaymentArrangementExpenseForfeituresAndModifications
2400000 USD
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
230073 shares
CY2021Q1 patk Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Fair Valueof Shares Granted
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsFairValueofSharesGranted
16900000 USD
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
31700000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
58985000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
58985000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
714000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
714000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
106498000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
106498000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
21901000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21901000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22948000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22667000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22844000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22840000 shares
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
487000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
265000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
516000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
258000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23435000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22932000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23360000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23098000 shares
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.57
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.66
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.96
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.52
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.56
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.95
CY2021Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1107500000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
840000000 USD
CY2021Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
12429000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
16072000 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
624000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
434000 USD
CY2021Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
7500000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7500000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1076950000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
810907000 USD
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
14100000 USD
CY2020Q2 us-gaap Interest Paid Net
InterestPaidNet
15600000 USD
us-gaap Interest Paid Net
InterestPaidNet
17400000 USD
us-gaap Interest Paid Net
InterestPaidNet
18200000 USD
CY2021Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
34000 USD
CY2021Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-973000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1007000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-121000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-2044000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1923000 USD
CY2020Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
159000 USD
CY2020Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-290000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
449000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-3955000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-1361000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2594000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
10353000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
8399000 USD
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
10117000 USD
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
8279000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
24806000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5474000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
19938000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
16568000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
19504000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
16362000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
39991000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
17902000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
139576000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
117816000 USD
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
35951000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
30901000 USD
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
105318000 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
88175000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
141269000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
119076000 USD
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
20559000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
38969000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
33089000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
25151000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
16420000 USD
CY2021Q2 patk Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
23153000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
157341000 USD
CY2021Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16072000 USD
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
141269000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.269
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.444
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.272
CY2021Q2 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
2200000 USD
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
5700000 USD
CY2021Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
24000000.0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
24100000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1019953000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
424045000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1870436000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1013277000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
95266000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
12106000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
163747000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
51385000 USD
CY2021Q2 us-gaap Assets
Assets
2224707000 USD
CY2020Q4 us-gaap Assets
Assets
1753435000 USD
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 USD
CY2021Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
14400000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
260000 shares
CY2021Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
260000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
82.89
CY2021Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
82.89
CY2021Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
21600000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
21600000 USD
CY2020Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
456155 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
456155 shares
CY2020Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
34.09
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
34.09
CY2020Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
15600000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
15600000 USD

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