$PATK
PATRICK INDUSTRIES INC

2021 Q4 Form 10-Q Financial Statement

#000007660521000182 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $1.147B $1.060B $700.7M
YoY Change 48.52% 51.3% 23.76%
Cost Of Revenue $920.5M $852.0M $567.2M
YoY Change 46.03% 50.21% 22.81%
Gross Profit $227.0M $208.2M $133.5M
YoY Change 59.52% 55.93% 27.95%
Gross Profit Margin 19.78% 19.63% 19.05%
Selling, General & Admin $116.7M $64.25M $38.18M
YoY Change 69.37% 68.25% 12.91%
% of Gross Profit 51.4% 30.86% 28.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.51M $27.58M $18.30M
YoY Change 40.44% 50.73% 12.96%
% of Gross Profit 12.56% 13.25% 13.71%
Operating Expenses $132.3M $114.9M $73.67M
YoY Change 65.0% 55.95% 10.08%
Operating Profit $94.69M $93.27M $59.83M
YoY Change 52.44% 55.9% 59.93%
Interest Expense -$16.70M -$15.44M -$10.51M
YoY Change 49.06% 46.91% 22.13%
% of Operating Profit -17.63% -16.55% -17.56%
Other Income/Expense, Net
YoY Change
Pretax Income $78.00M $77.84M $49.32M
YoY Change 52.94% 57.81% 71.22%
Income Tax $16.98M $20.44M $11.99M
% Of Pretax Income 21.77% 26.26% 24.3%
Net Earnings $61.02M $57.40M $37.34M
YoY Change 61.33% 53.73% 75.15%
Net Earnings / Revenue 5.32% 5.41% 5.33%
Basic Earnings Per Share $2.52 $1.65
Diluted Earnings Per Share $2.619M $2.45 $1.62
COMMON SHARES
Basic Shares Outstanding 23.66M shares 22.79M shares 22.67M shares
Diluted Shares Outstanding 23.40M shares 23.07M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $122.8M $44.88M $62.30M
YoY Change 174.22% -27.96% -46.62%
Cash & Equivalents $122.8M $44.88M $62.35M
Short-Term Investments
Other Short-Term Assets $64.48M $39.21M $12.60M
YoY Change 69.68% 211.15% -33.33%
Inventory $614.4M $485.8M $281.4M
Prepaid Expenses
Receivables $172.4M $292.9M $175.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $974.1M $862.8M $531.8M
YoY Change 84.46% 62.23% 0.73%
LONG-TERM ASSETS
Property, Plant & Equipment $319.5M $309.2M $197.4M
YoY Change 27.04% 56.61% 9.75%
Goodwill $551.4M $479.0M $356.4M
YoY Change 39.31% 34.37% 15.59%
Intangibles $640.5M $558.0M $380.9M
YoY Change 40.37% 46.5% 8.77%
Long-Term Investments
YoY Change
Other Assets $7.147M $6.789M $384.0K
YoY Change 79.26% 1667.97% -18.99%
Total Long-Term Assets $1.677B $1.496B $1.043B
YoY Change 36.83% 43.39% 13.0%
TOTAL ASSETS
Total Short-Term Assets $974.1M $862.8M $531.8M
Total Long-Term Assets $1.677B $1.496B $1.043B
Total Assets $2.651B $2.358B $1.575B
YoY Change 51.17% 49.75% 8.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $203.5M $219.2M $117.1M
YoY Change 92.4% 87.17% -0.66%
Accrued Expenses $181.4M $145.9M $101.3M
YoY Change 118.07% 44.0% 89.61%
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 0.0% 50.0% 0.0%
Total Short-Term Liabilities $432.8M $409.5M $252.9M
YoY Change 90.32% 61.88% 25.05%
LONG-TERM LIABILITIES
Long-Term Debt $1.279B $1.078B $673.9M
YoY Change 57.72% 59.93% 0.44%
Other Long-Term Liabilities $14.79M $22.18M $19.34M
YoY Change -47.18% 14.69% -14.82%
Total Long-Term Liabilities $1.294B $1.100B $693.2M
YoY Change 54.22% 58.66% -0.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $432.8M $409.5M $252.9M
Total Long-Term Liabilities $1.294B $1.100B $693.2M
Total Liabilities $1.883B $1.666B $1.049B
YoY Change 57.72% 58.84% 8.02%
SHAREHOLDERS EQUITY
Retained Earnings $513.7M $475.7M $331.3M
YoY Change 42.62% 43.57% 13.6%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $767.6M $692.0M $525.8M
YoY Change
Total Liabilities & Shareholders Equity $2.651B $2.358B $1.575B
YoY Change 51.17% 49.75% 8.53%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $61.02M $57.40M $37.34M
YoY Change 61.33% 53.73% 75.15%
Depreciation, Depletion And Amortization $28.51M $27.58M $18.30M
YoY Change 40.44% 50.73% 12.96%
Cash From Operating Activities $104.7M $68.67M $73.40M
YoY Change 120.91% -6.44% 160.28%
INVESTING ACTIVITIES
Capital Expenditures -$20.65M -$17.81M -$10.90M
YoY Change 108.58% 63.39% 172.5%
Acquisitions
YoY Change
Other Investing Activities -$210.4M -$45.01M -$99.60M
YoY Change 15.27% -54.81% 376.56%
Cash From Investing Activities -$231.0M -$62.82M -$110.4M
YoY Change 20.01% -43.1% 341.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 204.3M -19.37M -11.70M
YoY Change 60.21% 65.55% -113.0%
NET CHANGE
Cash From Operating Activities 104.7M 68.67M 73.40M
Cash From Investing Activities -231.0M -62.82M -110.4M
Cash From Financing Activities 204.3M -19.37M -11.70M
Net Change In Cash 77.97M -13.52M -48.70M
YoY Change -542.99% -72.24% -152.25%
FREE CASH FLOW
Cash From Operating Activities $104.7M $68.67M $73.40M
Capital Expenditures -$20.65M -$17.81M -$10.90M
Free Cash Flow $125.4M $86.48M $84.30M
YoY Change 118.78% 2.59% 161.8%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Current Fiscal Year End Date
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dei Document Fiscal Year Focus
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dei Document Quarterly Report
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dei Document Period End Date
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dei Entity File Number
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dei Entity Registrant Name
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PATRICK INDUSTRIES, INC.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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dei Entity Interactive Data Current
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NetCashProvidedByUsedInOperatingActivities
112758000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
44155000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22159000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
140000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
117000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
297701000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
123382000 USD
us-gaap Payments Of Dividends
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17265000 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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-343716000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-145424000 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
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3125000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
2500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
425930000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
8198000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
565475000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
8198000 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
31945000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
20286000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
19487000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14898000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2910000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6638000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
58000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1600000 USD
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4902000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
642000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
196414000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-44377000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
115000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-77043000 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
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44882000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62347000 USD
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
643271000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
57397000 USD
CY2021Q3 us-gaap Dividends
Dividends
6613000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1105000 USD
CY2021Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
10395000 USD
CY2021Q3 us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
CY2021Q3 patk Shares Used To Pay Taxes On Stock Grants
SharesUsedToPayTaxesOnStockGrants
13000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
325000 USD
CY2021Q3 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
6971000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
692048000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
559441000 USD
us-gaap Net Income Loss
NetIncomeLoss
163895000 USD
us-gaap Dividends
Dividends
19893000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3028000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
31945000 USD
us-gaap Treasury Stock Retired Cost Method Amount
TreasuryStockRetiredCostMethodAmount
0 USD
patk Shares Used To Pay Taxes On Stock Grants
SharesUsedToPayTaxesOnStockGrants
14898000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
10211000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4902000 USD
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
17307000 USD
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
692048000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
493268000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
37336000 USD
CY2020Q3 us-gaap Dividends
Dividends
5865000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1049000 USD
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
4736000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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
NetIncomeLoss
59237000 USD
us-gaap Dividends
Dividends
17666000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1545000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
20286000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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
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 third quarter of fiscal year 2021 ended on September 26, 2021 and the third quarter of fiscal year 2020 ended on September 27, 2020.
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1060177000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2930613000 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
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
261775000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
157219000 USD
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
30221000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
19282000 USD
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
66189000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
37632000 USD
CY2021Q3 patk Inventory Manufactured Goods Net
InventoryManufacturedGoodsNet
344581000 USD
CY2020Q4 patk Inventory Manufactured Goods Net
InventoryManufacturedGoodsNet
205813000 USD
CY2021Q3 us-gaap Other Inventory Purchased Goods
OtherInventoryPurchasedGoods
147502000 USD
CY2020Q4 us-gaap Other Inventory Purchased Goods
OtherInventoryPurchasedGoods
112158000 USD
CY2021Q3 patk Total Materials Purchased For Resale Distribution Products Net
TotalMaterialsPurchasedForResaleDistributionProductsNet
141185000 USD
CY2020Q4 patk Total Materials Purchased For Resale Distribution Products Net
TotalMaterialsPurchasedForResaleDistributionProductsNet
106996000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
485766000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
312809000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
395800000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
75770000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
7385000 USD
CY2021Q3 us-gaap Goodwill
Goodwill
478955000 USD
CY2021Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
756983000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
614524000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
198943000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
158248000 USD
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
558040000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
456276000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
456276000 USD
patk Intangible Assets Acquired During Period
IntangibleAssetsAcquiredDuringPeriod
147548000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
40695000 USD
us-gaap Business Combination Provisional Information Initial Accounting Incomplete Adjustment Intangibles
BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentIntangibles
-5089000 USD
CY2020 patk Number Of Businesses Acquired Immaterial
NumberOfBusinessesAcquiredImmaterial
4 acquisition
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
558040000 USD
CY2020Q3 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
6 acquisition
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
9 acquisition
CY2021Q3 patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
200000 USD
patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
4000000 USD
CY2020Q3 patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
5200000 USD
patk Business Acquisition Pro Forma Amortization Expense
BusinessAcquisitionProFormaAmortizationExpense
16300000 USD
CY2021Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1067111000 USD
CY2020Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
802753000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
3040971000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
2049211000 USD
CY2021Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
58190000 USD
CY2020Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
43183000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
172574000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
66967000 USD
CY2021Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
2.55
CY2020Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
1.90
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
7.56
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
2.94
CY2021Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
2.49
CY2020Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
1.87
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
7.38
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
2.90
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7000000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
17300000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4900000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11200000 USD
CY2020Q3 patk Share Based Payment Arrangement Expense Forfeitures And Modifications
ShareBasedPaymentArrangementExpenseForfeituresAndModifications
2300000 USD
patk Share Based Payment Arrangement Expense Forfeitures And Modifications
ShareBasedPaymentArrangementExpenseForfeituresAndModifications
2300000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
296073 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
73.31
patk Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Fair Valueof Shares Granted
SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsFairValueofSharesGranted
21700000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
31500000 USD
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23072000 shares
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
57397000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
57397000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
37336000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
37336000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
163895000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
163895000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
59237000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
59237000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22789000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22674000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22826000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22784000 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
614000 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
398000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
549000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
304000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23403000 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.65
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23375000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
23088000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.60
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.45
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.62
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.57
CY2021Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1106080000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
840000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
16072000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
10545000 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
7500000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7500000 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1077664000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
810907000 USD
CY2021Q3 us-gaap Interest Paid Net
InterestPaidNet
3700000 USD
CY2020Q3 us-gaap Interest Paid Net
InterestPaidNet
3200000 USD
us-gaap Interest Paid Net
InterestPaidNet
21200000 USD
us-gaap Interest Paid Net
InterestPaidNet
21400000 USD
CY2021Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
55000 USD
CY2021Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-1050000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1105000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-66000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-3094000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3028000 USD
CY2020Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
22000 USD
CY2020Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-1027000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1049000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-3932000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-2387000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1545000 USD
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
10760000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
8525000 USD
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
10440000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
8317000 USD
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12573000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
17091000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
30697000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
25093000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
29945000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
24680000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
52564000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
34993000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
142719000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
117816000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
36955000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
30901000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1600000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
107753000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
88175000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
144708000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
119076000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y3M18D
CY2021Q3 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
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
10617000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
41015000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
35238000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
27629000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
18787000 USD
CY2021Q3 patk Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
27681000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
160967000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16259000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
144708000 USD
CY2021Q3 patk Lessee Operating Lease Lease Not Yet Commenced Value
LesseeOperatingLeaseLeaseNotYetCommencedValue
5800000 USD
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.263
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.243
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.254
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
CY2021Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
19700000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
43900000 USD
CY2020Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
1800000 USD
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 Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1060177000 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
2930613000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1713984000 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
93273000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
59829000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
257020000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
111214000 USD
CY2021Q3 us-gaap Assets
Assets
2358458000 USD
CY2020Q4 us-gaap Assets
Assets
1753435000 USD
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 USD
CY2021Q3 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P24M
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 USD
CY2021Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
14400000 USD
CY2021Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
39600000 USD
CY2021Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
128929 shares
CY2021Q3 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
80.62
CY2021Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10400000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
388929 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
82.14
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
31900000 USD
CY2020Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
88950 shares
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

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