2022 Q4 Form 10-K Financial Statement

#000008042022000036 Filed on December 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022
Revenue $126.9M $162.7M $532.6M
YoY Change 19.04% 25.66% 13.18%
Cost Of Revenue $107.4M $129.2M $447.6M
YoY Change 15.31% 20.8% 13.17%
Gross Profit $19.46M $33.44M $85.02M
YoY Change 44.86% 48.81% 13.26%
Gross Profit Margin 15.34% 20.56% 15.96%
Selling, General & Admin $16.87M $20.96M $70.83M
YoY Change 6.11% 23.58% 5.38%
% of Gross Profit 86.69% 62.67% 83.31%
Research & Development $1.501M $1.621M $7.000M
YoY Change -17.71% -0.18% 4.48%
% of Gross Profit 7.71% 4.85% 8.23%
Depreciation & Amortization $2.136M $2.152M $9.358M
YoY Change -11.52% -11.66% -9.45%
% of Gross Profit 10.97% 6.44% 11.01%
Operating Expenses $18.37M $22.58M $77.83M
YoY Change 3.66% 21.34% 5.3%
Operating Profit $1.090M $10.86M $7.224M
YoY Change -125.41% 181.03% 608.93%
Interest Expense $523.0K -$245.0K $34.00K
YoY Change 1012.77% 4800.0% -83.33%
% of Operating Profit 47.98% -2.26% 0.47%
Other Income/Expense, Net $0.00 $2.285M
YoY Change
Pretax Income $1.613M $10.62M $9.843M
YoY Change -137.63% 175.12% 801.37%
Income Tax $451.0K $1.878M -$3.894M
% Of Pretax Income 27.96% 17.69% -39.56%
Net Earnings $1.162M $8.739M $13.74M
YoY Change -140.83% 167.99% 2077.02%
Net Earnings / Revenue 0.92% 5.37% 2.58%
Basic Earnings Per Share $0.10 $0.74 $1.16
Diluted Earnings Per Share $0.10 $0.73 $1.15
COMMON SHARES
Basic Shares Outstanding 11.82M shares 11.78M shares 11.80M shares
Diluted Shares Outstanding 12.08M shares 11.94M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $110.7M $116.5M $116.5M
YoY Change 9.04% -13.04% -13.04%
Cash & Equivalents $99.63M $102.0M $102.0M
Short-Term Investments $11.07M $14.55M $14.55M
Other Short-Term Assets $3.467M $3.814M $8.493M
YoY Change 217.49% 138.52% 42.0%
Inventory $55.00M $50.42M $50.42M
Prepaid Expenses $4.703M $4.679M
Receivables $151.4M $106.1M $194.5M
Other Receivables $84.00K $105.0K $105.0K
Total Short-Term Assets $389.2M $370.0M $370.0M
YoY Change 34.03% 22.32% 22.32%
LONG-TERM ASSETS
Property, Plant & Equipment $99.05M $98.63M $100.8M
YoY Change -7.87% -9.89% -10.72%
Goodwill $1.000M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.16M $12.43M $21.59M
YoY Change -23.04% -18.14% 8.93%
Total Long-Term Assets $124.4M $123.4M $123.4M
YoY Change -6.72% -7.73% -7.73%
TOTAL ASSETS
Total Short-Term Assets $389.2M $370.0M $370.0M
Total Long-Term Assets $124.4M $123.4M $123.4M
Total Assets $513.7M $493.4M $493.4M
YoY Change 21.21% 13.11% 13.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.63M $63.42M $63.42M
YoY Change -8.77% 40.17% 40.17%
Accrued Expenses $14.32M $28.91M $28.91M
YoY Change 14.0% 18.76% 18.76%
Deferred Revenue $133.8M $79.86M
YoY Change 170.78% 88.2%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $203.8M $186.4M $186.4M
YoY Change 79.27% 53.83% 53.83%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.783M $1.507M $9.801M
YoY Change -39.31% -45.93% -29.05%
Total Long-Term Liabilities $1.783M $1.507M $9.801M
YoY Change -39.31% -45.93% -29.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $203.8M $186.4M $186.4M
Total Long-Term Liabilities $1.783M $1.507M $9.801M
Total Liabilities $215.2M $196.2M $196.2M
YoY Change 67.84% 45.35% 45.35%
SHAREHOLDERS EQUITY
Retained Earnings $281.5M $283.6M
YoY Change 1.85% 0.4%
Common Stock $68.45M $67.44M
YoY Change 6.35% 5.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $25.00M $25.00M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $298.5M $297.2M $297.2M
YoY Change
Total Liabilities & Shareholders Equity $513.7M $493.4M $493.4M
YoY Change 21.21% 13.11% 13.11%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022
OPERATING ACTIVITIES
Net Income $1.162M $8.739M $13.74M
YoY Change -140.83% 167.99% 2077.02%
Depreciation, Depletion And Amortization $2.136M $2.152M $9.358M
YoY Change -11.52% -11.66% -9.45%
Cash From Operating Activities -$549.0K $24.20M -$3.582M
YoY Change -98.03% 162.15% -88.24%
INVESTING ACTIVITIES
Capital Expenditures $2.726M -$686.0K $2.451M
YoY Change 525.23% 52.11% -15.22%
Acquisitions
YoY Change
Other Investing Activities $3.701M $7.170M $8.916M
YoY Change -194.01% 1988.06%
Cash From Investing Activities $975.0K $6.484M $6.465M
YoY Change -122.3% -1537.69% -362.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $400.0K
YoY Change -100.0% 0.0%
Cash From Financing Activities -$3.497M -3.075M -$13.31M
YoY Change -14.87% 1.15% 1.02%
NET CHANGE
Cash From Operating Activities -$549.0K 24.20M -$3.582M
Cash From Investing Activities $975.0K 6.484M $6.465M
Cash From Financing Activities -$3.497M -3.075M -$13.31M
Net Change In Cash -$3.071M 27.61M -$10.43M
YoY Change -91.54% 380.94% -77.39%
FREE CASH FLOW
Cash From Operating Activities -$549.0K $24.20M -$3.582M
Capital Expenditures $2.726M -$686.0K $2.451M
Free Cash Flow -$3.275M $24.89M -$6.033M
YoY Change -88.41% 157.03% -81.91%

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CY2021 powl Increase Decrease In Contract With Customer Asset And Liability Net
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2020 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Other Operating Capital Net
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1552000 usd
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Repayments Of Long Term Debt
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CY2020 us-gaap Repayments Of Long Term Debt
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
41762000 usd
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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197000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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114314000 usd
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
160216000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
101954000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022 us-gaap Nature Of Operations
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Business and Organization<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Powell Industries, Inc. (we, us, our, Powell or the Company) was incorporated in the state of Delaware in 2004 as a successor to a Nevada company incorporated in 1968. The Nevada company was the successor to a company founded by William E. Powell in 1947, which merged into the Company in 1977. Our major subsidiaries, all of which are wholly owned, include: Powell Electrical Systems, Inc.; Powell (UK) Limited; Powell Canada Inc.; and Powell Industries International, B.V.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We develop, design, manufacture and service custom-engineered equipment and systems which (1) distribute, control and monitor the flow of electrical energy and (2) provide protection to motors, transformers and other electrically powered equipment. Our principal products include integrated power control room substations (PCRs®), custom-engineered modules, electrical houses (E-Houses), traditional and arc-resistant distribution switchgear and control gear, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches and bus duct systems. These products are designed for application voltages ranging from 480 volts to 38,000 volts. Our products are used in the oil and gas markets, onshore and offshore production, liquefied natural gas (LNG) facilities and terminals, pipeline, refineries and petrochemical plants. Additionally, we manufacture products for the electric utility, light rail traction power as well as mining and metals, pulp and paper and other municipal, commercial and other industrial markets. Our product scope includes designs tested to meet both United States (U.S.) and international standards, under both the American National Standards Institute (ANSI) and International Electrotechnical Commission (IEC). We assist customers by providing field service inspection, installation, commissioning, modification, and repair services, as well as spare parts, retrofit and retrofill components for existing systems and replacement circuit breakers for obsolete switchgear no longer produced by the original manufacturer. We seek to establish long-term relationships with the end users of our systems as well as the design and construction engineering firms contracted by those end users. We believe that our culture of safety and focus on customer satisfaction, along with our financial strength, allow us to continue to capitalize on opportunities in the industries we serve.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">References to Fiscal 2022, Fiscal 2021 and Fiscal 2020 used throughout these Notes to Consolidated Financial Statements relate to our fiscal years ended September 30, 2022, 2021 and 2020, respectively.</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Impact of </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Oil and Gas Commodity Market</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> Volatility </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">on Powell</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consequences of a prolonged global macro-economic decline could include, but are not limited to, a continued reduction in commercial and industrial activity. Accordingly, the Company cannot reasonably estimate the duration or severity of a potential decline in demand, or the extent to which the disruption may materially impact our business, results of operations or cash flows. We will take prudent measures to maintain our strong liquidity and cash position, which may include reducing our capital expenditures and research and development costs, as well as reducing or eliminating future dividend payments.</span></div>
CY2022 us-gaap Use Of Estimates
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<div style="margin-top:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with accounting principles generally accepted in the United States (U.S. GAAP) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying footnotes. The most significant estimates used in our consolidated financial statements affect revenue recognition and estimated cost recognition on our customer contracts, the allowance for credit losses, provision for excess and obsolete inventory, warranty accruals and income taxes. The amounts recorded for warranties, legal, income taxes, impairment of long-lived assets (when applicable), liquidated damages and other contingent liabilities require judgments regarding the amount of expenses that will ultimately be incurred. We base our estimates on historical experience, forecasts and various other assumptions, as well as the specific circumstances surrounding these contingent liabilities, in evaluating the amount of liability that should be recorded. Additionally, the recognition of deferred tax assets requires estimates related to future income and other assumptions regarding timing and future profitability because the ultimate realization of net deferred tax assets is dependent on the generation of future taxable income during periods in which temporary differences become </span></div>deductible. Estimates routinely change as new events occur, additional information becomes available or operating environments change. Actual results may differ from our prior estimates.
CY2022 powl Interest Paid Net Of Interest Income
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CY2021 powl Interest Paid Net Of Interest Income
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CY2022 us-gaap Income Taxes Paid Net
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533000 usd
CY2022 powl Credit Agreement Cash Collateral Requirement For Guarantees Period Greater Than
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CY2021 us-gaap Income Taxes Paid Net
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1886000 usd
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1770000 usd
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Research And Development Expense
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7000000 usd
CY2021 us-gaap Research And Development Expense
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6700000 usd
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6300000 usd
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11789000 shares
CY2022 us-gaap Net Income Loss
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13737000 usd
CY2021 us-gaap Net Income Loss
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631000 usd
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16660000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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11797000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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11705000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11624000 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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146000 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
84000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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69000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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11693000 shares
CY2022 us-gaap Earnings Per Share Basic
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1.16
CY2021 us-gaap Earnings Per Share Basic
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0.05
CY2020 us-gaap Earnings Per Share Basic
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1.43
CY2022 us-gaap Earnings Per Share Diluted
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1.15
CY2021 us-gaap Earnings Per Share Diluted
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0.05
CY2020 us-gaap Earnings Per Share Diluted
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1.42
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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333000 usd
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510000 usd
CY2022 us-gaap Provision For Doubtful Accounts
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162000 usd
CY2021 us-gaap Provision For Doubtful Accounts
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48000 usd
CY2022 powl Allowance For Doubtful Accounts Receivable Write Offs Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsRecoveries
117000 usd
CY2022Q3 powl Commitments And Contingencies Additional Bonding Capacity
CommitmentsAndContingenciesAdditionalBondingCapacity
359000000 usd
CY2021 powl Allowance For Doubtful Accounts Receivable Write Offs Recoveries
AllowanceForDoubtfulAccountsReceivableWriteOffsRecoveries
242000 usd
CY2022 powl Increase Decrease Due To Foreign Currency Translation
IncreaseDecreaseDueToForeignCurrencyTranslation
-34000 usd
CY2021 powl Increase Decrease Due To Foreign Currency Translation
IncreaseDecreaseDueToForeignCurrencyTranslation
17000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
344000 usd
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
333000 usd
CY2022Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
54220000 usd
CY2021Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
33149000 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1202000 usd
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1147000 usd
CY2022Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
5007000 usd
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4461000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
50415000 usd
CY2021Q3 us-gaap Inventory Net
InventoryNet
29835000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
235327000 usd
CY2021Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
247605000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
136699000 usd
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
138148000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
98628000 usd
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
109457000 usd
CY2022 us-gaap Depreciation
Depreciation
9400000 usd
CY2021 us-gaap Depreciation
Depreciation
10200000 usd
CY2020 us-gaap Depreciation
Depreciation
10400000 usd
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2531000 usd
CY2020Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2771000 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1425000 usd
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2140000 usd
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1564000 usd
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2406000 usd
CY2022 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-47000 usd
CY2021 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
26000 usd
CY2022Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2345000 usd
CY2021Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
2531000 usd
CY2022 powl Standard Assurance Warranty Period
StandardAssuranceWarrantyPeriod
P1Y
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
592200000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
375000000 usd
CY2022 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
11300000 usd
CY2021 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
12500000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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532582000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
470559000 usd
CY2022Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
88351000 usd
CY2021Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
54199000 usd
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
79857000 usd
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
42433000 usd
CY2022Q3 powl Contract With Customer Asset Liability Net Current
ContractWithCustomerAssetLiabilityNetCurrent
8494000 usd
CY2021Q3 powl Contract With Customer Asset Liability Net Current
ContractWithCustomerAssetLiabilityNetCurrent
11766000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
39100000 usd
CY2022Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
6900000 usd
CY2021Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss
ContractWithCustomerReceivableAfterAllowanceForCreditLoss
9600000 usd
CY2022Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Current
ContractWithCustomerReceivableAfterAllowanceForCreditLossCurrent
6000000 usd
CY2022Q3 us-gaap Contract With Customer Receivable After Allowance For Credit Loss Noncurrent
ContractWithCustomerReceivableAfterAllowanceForCreditLossNoncurrent
900000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
532582000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
470559000 usd
CY2022Q3 us-gaap Goodwill
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1000000 usd
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 usd
CY2020 us-gaap Amortization Of Intangible Assets
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200000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
0 usd
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
400000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
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0 usd
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
400000 usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
0 usd
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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CY2022Q3 us-gaap Loss Contingency Estimate Of Possible Loss
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3500000 usd
CY2022 powl Loss Contingency Probable Loss In Period
LossContingencyProbableLossInPeriod
2200000 usd
CY2022 us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
1400000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
557000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
911000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
945000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
403000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
472000 usd
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
967000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1456000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2197000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
461000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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3175000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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3076000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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21243000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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6668000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9843000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1092000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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20330000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
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CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
1.01
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.01
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2022 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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CY2022 powl Effective Income Tax Rate Reconciliation Change In Foreign And Domestic Valuation Allowance Percent
EffectiveIncomeTaxRateReconciliationChangeInForeignAndDomesticValuationAllowancePercent
0.62
CY2021 powl Effective Income Tax Rate Reconciliation Change In Foreign And Domestic Valuation Allowance Percent
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-0.62
CY2020 powl Effective Income Tax Rate Reconciliation Change In Foreign And Domestic Valuation Allowance Percent
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
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0
CY2020 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020Q2 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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1700000 usd
CY2022Q3 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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17941000 usd
CY2021Q3 us-gaap Deferred Tax Assets Gross
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20427000 usd
CY2022Q3 powl Deferred Tax Liabilities Gross And Valuation Allowance
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CY2021Q3 powl Deferred Tax Liabilities Gross And Valuation Allowance
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9161000 usd
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CY2022Q3 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2022Q3 powl Deferred Tax Assets Uniform Capitalization And Inventory
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CY2021Q3 powl Deferred Tax Assets Uniform Capitalization And Inventory
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CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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559000 usd
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
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579000 usd
CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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161000 usd
CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2022Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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CY2021Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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156000 usd
CY2022Q3 us-gaap Deferred Tax Assets Other
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345000 usd
CY2021Q3 us-gaap Deferred Tax Assets Other
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CY2021Q3 us-gaap Deferred Tax Assets Gross
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20427000 usd
CY2022Q3 powl Deferred Tax Liabilities Depreciation And Amortization
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DeferredTaxLiabilitiesDepreciationAndAmortization
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CY2022Q3 powl Deferred Tax Liabilities Retention And Other
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CY2021Q3 powl Deferred Tax Liabilities Retention And Other
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CY2022Q3 us-gaap Deferred Income Tax Liabilities
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CY2021Q3 us-gaap Deferred Income Tax Liabilities
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CY2021Q3 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q3 us-gaap Unrecognized Tax Benefits
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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92000 usd
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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1223000 usd
CY2022Q3 us-gaap Unrecognized Tax Benefits
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1377000 usd
CY2021Q3 us-gaap Unrecognized Tax Benefits
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1409000 usd
CY2020Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1252000 usd
CY2022Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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1100000 usd
CY2021Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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