2018 Q2 Form 10-Q Financial Statement

#000008474818000026 Filed on August 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $214.7M $201.4M
YoY Change 6.58% 27.9%
Cost Of Revenue $138.0M $120.9M
YoY Change 14.17% 24.25%
Gross Profit $76.67M $80.55M
YoY Change -4.81% 33.8%
Gross Profit Margin 35.72% 39.99%
Selling, General & Admin $42.54M $40.01M
YoY Change 6.32% 16.42%
% of Gross Profit 55.48% 49.68%
Research & Development $8.750M $7.141M
YoY Change 22.53% 0.95%
% of Gross Profit 11.41% 8.87%
Depreciation & Amortization $11.00M $11.00M
YoY Change 0.0% 18.28%
% of Gross Profit 14.35% 13.66%
Operating Expenses $51.29M $47.15M
YoY Change 8.77% 13.78%
Operating Profit $25.22M $32.31M
YoY Change -21.94% 72.29%
Interest Expense -$1.292M -$1.947M
YoY Change -33.64% 74.62%
% of Operating Profit -5.12% -6.03%
Other Income/Expense, Net -$34.00K $260.0K
YoY Change -113.08% 36.13%
Pretax Income $25.70M $31.59M
YoY Change -18.65% 70.4%
Income Tax $8.373M $10.70M
% Of Pretax Income 32.58% 33.86%
Net Earnings $17.33M $20.90M
YoY Change -17.07% 288.62%
Net Earnings / Revenue 8.07% 10.37%
Basic Earnings Per Share $0.94 $1.15
Diluted Earnings Per Share $0.93 $1.13
COMMON SHARES
Basic Shares Outstanding 18.39M shares 18.14M shares
Diluted Shares Outstanding 18.66M shares 18.55M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $174.7M $177.3M
YoY Change -1.47% -28.33%
Cash & Equivalents $174.7M $177.3M
Short-Term Investments
Other Short-Term Assets $13.54M $10.36M
YoY Change 30.71% -3.39%
Inventory $117.7M $102.5M
Prepaid Expenses
Receivables $148.7M $137.0M
Other Receivables $5.600M $7.100M
Total Short-Term Assets $485.4M $441.4M
YoY Change 9.96% -5.69%
LONG-TERM ASSETS
Property, Plant & Equipment $184.5M $173.4M
YoY Change 6.41% -0.83%
Goodwill $234.3M $232.2M
YoY Change 0.88% 31.16%
Intangibles $152.0M $167.2M
YoY Change -9.1% 137.83%
Long-Term Investments $19.41M $17.95M
YoY Change 8.15% 7.78%
Other Assets $5.503M $5.963M
YoY Change -7.71% 79.18%
Total Long-Term Assets $662.7M $657.7M
YoY Change 0.76% 30.99%
TOTAL ASSETS
Total Short-Term Assets $485.4M $441.4M
Total Long-Term Assets $662.7M $657.7M
Total Assets $1.148B $1.099B
YoY Change 4.46% 13.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.30M $35.56M
YoY Change 4.89% 32.93%
Accrued Expenses $51.20M $51.80M
YoY Change -1.16% 16.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $600.0K $400.0K
YoY Change 50.0% -89.05%
Total Short-Term Liabilities $98.74M $107.2M
YoY Change -7.9% 21.09%
LONG-TERM LIABILITIES
Long-Term Debt $131.0M $191.2M
YoY Change -31.49% 11.33%
Other Long-Term Liabilities $4.119M $3.525M
YoY Change 16.85% 10.12%
Total Long-Term Liabilities $135.1M $194.7M
YoY Change -30.62% 11.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $98.74M $107.2M
Total Long-Term Liabilities $135.1M $194.7M
Total Liabilities $233.8M $301.9M
YoY Change -22.55% 14.6%
SHAREHOLDERS EQUITY
Retained Earnings $732.2M $652.0M
YoY Change 12.3% 15.73%
Common Stock $144.8M $141.7M
YoY Change 2.18% 6.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $804.8M $718.3M
YoY Change
Total Liabilities & Shareholders Equity $1.148B $1.099B
YoY Change 4.46% 13.29%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $17.33M $20.90M
YoY Change -17.07% 288.62%
Depreciation, Depletion And Amortization $11.00M $11.00M
YoY Change 0.0% 18.28%
Cash From Operating Activities $14.00M $41.30M
YoY Change -66.1% 64.54%
INVESTING ACTIVITIES
Capital Expenditures -$11.10M -$4.400M
YoY Change 152.27% -15.38%
Acquisitions
YoY Change
Other Investing Activities $1.000M $500.0K
YoY Change 100.0%
Cash From Investing Activities -$10.10M -$3.900M
YoY Change 158.97% -25.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -49.10M
YoY Change -100.0% 3676.92%
NET CHANGE
Cash From Operating Activities 14.00M 41.30M
Cash From Investing Activities -10.10M -3.900M
Cash From Financing Activities 0.000 -49.10M
Net Change In Cash 3.900M -11.70M
YoY Change -133.33% -162.9%
FREE CASH FLOW
Cash From Operating Activities $14.00M $41.30M
Capital Expenditures -$11.10M -$4.400M
Free Cash Flow $25.10M $45.70M
YoY Change -45.08% 50.83%

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237107000 USD
CY2018Q2 us-gaap Goodwill
Goodwill
234287000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2820000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
80546000 USD
us-gaap Gross Profit
GrossProfit
160896000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
76672000 USD
us-gaap Gross Profit
GrossProfit
153279000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31593000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
71511000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
25702000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
56609000 USD
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
966000 USD
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1976000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000 USD
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1800000 USD
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1804000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2800000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2811000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10697000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23583000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8373000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13144000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
13913000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
14040000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-13835000 USD
us-gaap Increase Decrease In Accounts Receivable
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13220000 USD
us-gaap Increase Decrease In Accounts Receivable
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9446000 USD
us-gaap Increase Decrease In Inventories
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6464000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6489000 USD
us-gaap Increase Decrease In Other Current Assets
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1991000 USD
us-gaap Increase Decrease In Other Current Assets
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1299000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-1703000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-3287000 USD
CY2017Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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4738000 USD
CY2018Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
4599000 USD
CY2017Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
219548000 USD
CY2018Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
215798000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
160278000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
152009000 USD
CY2018Q2 us-gaap Interest Expense Lessee Assets Under Capital Lease
InterestExpenseLesseeAssetsUnderCapitalLease
100000 USD
us-gaap Interest Expense Lessee Assets Under Capital Lease
InterestExpenseLesseeAssetsUnderCapitalLease
100000 USD
CY2017Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1947000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-3195000 USD
CY2018Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-1292000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-2503000 USD
us-gaap Interest Paid Net
InterestPaidNet
3085000 USD
us-gaap Interest Paid Net
InterestPaidNet
2631000 USD
CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
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41332000 USD
CY2018Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
37219000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
112557000 USD
CY2018Q2 us-gaap Inventory Net
InventoryNet
117739000 USD
CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
43092000 USD
CY2018Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
51370000 USD
CY2017Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
28133000 USD
CY2018Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
29150000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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1125134000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1148129000 USD
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113808000 USD
CY2018Q2 us-gaap Liabilities Current
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98744000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
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130982000 USD
CY2018Q2 us-gaap Long Term Debt Noncurrent
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130982000 USD
us-gaap Loss Contingency Accrual Payments
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4900000 USD
us-gaap Loss Contingency Claims Dismissed Number
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110
us-gaap Loss Contingency Claims Settled And Dismissed Number
LossContingencyClaimsSettledAndDismissedNumber
127
us-gaap Loss Contingency Claims Settled Number
LossContingencyClaimsSettledNumber
17
us-gaap Loss Contingency New Claims Filed Number
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126
CY2017Q4 us-gaap Loss Contingency Pending Claims Number
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687
CY2018Q2 us-gaap Loss Contingency Pending Claims Number
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686
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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-8461000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-67324000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-19150000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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64489000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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22818000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
20896000 USD
us-gaap Net Income Loss
NetIncomeLoss
47928000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
17329000 USD
us-gaap Net Income Loss
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43465000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
16295000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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-7196000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
32314000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
71351000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
25224000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
56269000 USD
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10580000 USD
CY2018Q2 us-gaap Other Assets Current
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13535000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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5772000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
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5503000 USD
CY2017Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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334000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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334000 USD
CY2018Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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44000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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87000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
12591000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
16730000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-15294000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-8293000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
12717000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
16772000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-14930000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7109000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-334000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-107000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-107000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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0 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-6000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-36000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
0 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-321000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-435000 USD
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
320000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1097000 USD
CY2017Q4 us-gaap Other Liabilities Current
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25629000 USD
us-gaap Payments For Repurchase Of Common Stock
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2999000 USD
CY2018Q2 us-gaap Other Liabilities Current
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25095000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3464000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4119000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
260000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1379000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-34000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
32000 USD
CY2017Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
0 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
900000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
942000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
3974000 USD
CY2017Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
1685000 USD
CY2018Q2 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
1685000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1169000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2617000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
6427000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
60191000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
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9696000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20177000 USD
us-gaap Pension Contributions
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147000 USD
us-gaap Pension Contributions
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338000 USD
CY2017Q4 us-gaap Prepaid Taxes
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3087000 USD
CY2018Q2 us-gaap Prepaid Taxes
PrepaidTaxes
2732000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
922000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
826000 USD
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1905000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
698000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1641000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1027000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
422000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
558000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
179611000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
184478000 USD
us-gaap Provision For Doubtful Accounts
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61000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-190000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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-143000 USD
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-87000 USD
CY2017Q4 us-gaap Recorded Third Party Environmental Recoveries Receivable
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69200000 USD
us-gaap Repayments Of Debt
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50178000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
291000 USD
CY2017Q2 us-gaap Research And Development Expense
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7141000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
14102000 USD
CY2018Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8750000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
16884000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5327000 USD
CY2018Q2 us-gaap Restructuring Charges
RestructuringCharges
2000000 USD
CY2018Q2 us-gaap Restructuring Costs
RestructuringCosts
1200000 USD
CY2017Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
1079000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
1805000 USD
CY2018Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
541000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
963000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
684540000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
732217000 USD
CY2017Q2 us-gaap Revenues
Revenues
201424000 USD
us-gaap Revenues
Revenues
405252000 USD
CY2018Q2 us-gaap Revenues
Revenues
214675000 USD
us-gaap Revenues
Revenues
429286000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
40012000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
74580000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
42540000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
83137000 USD
CY2018Q2 us-gaap Severance Costs1
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800000 USD
us-gaap Share Based Compensation
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5814000 USD
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15600 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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32.91
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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4177655 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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1225308 USD
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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33283 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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15600 shares
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36.40
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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32.91
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
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1225308 USD
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15600 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
32.91
CY2018Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
39.48
CY2018Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.00
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1225308 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y6M
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y2M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y6M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P2Y6M
CY2018Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
17683 shares
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
558000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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-6427000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Gross
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0 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
698000 USD
CY2015Q3 us-gaap Stock Repurchase Program Authorized Amount1
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100000000 USD
CY2018Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
49000000 USD
CY2018Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
23000 shares
CY2018Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2999000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
766573000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
804785000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12400000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
700000 USD
CY2018Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
10900000 USD
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
407000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
362000 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
271000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
297000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18547000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18460000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18660000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18635000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18140000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18098000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18389000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18338000 shares
us-gaap Basis Of Accounting
BasisOfAccounting
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As used herein, the terms &#8220;Company,&#8221; &#8220;Rogers,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; &#8220;our&#8221; and similar terms mean Rogers Corporation and its subsidiaries, unless the context indicates otherwise.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information. Accordingly, these statements do not include all of the information and footnotes required by GAAP for complete financial statements. In our opinion, the accompanying condensed consolidated financial statements include all normal recurring adjustments necessary for their fair presentation in accordance with GAAP. All significant intercompany transactions have been eliminated.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 1, 2018, the Company adopted ASU 2017-07, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation&#160;-&#160;Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-Retirement Benefit Cost</font><font style="font-family:inherit;font-size:10pt;">. Upon adoption, the Company reclassified </font><font style="font-family:inherit;font-size:10pt;">$0.4 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$0.8 million</font><font style="font-family:inherit;font-size:10pt;"> in net periodic pension benefits from Selling, general and administrative expenses to Other income (expense), net for the </font><font style="font-family:inherit;font-size:10pt;">three and six months ended June 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, respectively. See Note 21, &#8220;Recent Accounting Standards&#8221; for further information.</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interim results are not necessarily indicative of results for a full year. For further information regarding our accounting policies, refer to the audited consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the change in number of asbestos claims outstanding during the </font><font style="font-family:inherit;font-size:10pt;">six months ended June 30, 2018</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;padding-top:8px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3" rowspan="1"></td></tr><tr><td style="width:80%;" rowspan="1" colspan="1"></td><td style="width:19%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Asbestos Claims</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Claims outstanding at December 31, 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">687</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">New claims filed</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">126</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Pending claims concluded</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(127</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Claims outstanding at June 30, 2018</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">686</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

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