2021 Q3 Form 10-Q Financial Statement

#000008281121000107 Filed on August 11, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q2
Revenue $886.9M $634.1M
YoY Change 16.97% -27.42%
Cost Of Revenue $629.2M $463.8M
YoY Change 17.26% -27.5%
Gross Profit $257.7M $170.3M
YoY Change 16.29% -27.22%
Gross Profit Margin 29.06% 26.86%
Selling, General & Admin $140.2M $121.6M
YoY Change 6.53% -14.49%
% of Gross Profit 54.4% 71.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.50M $33.30M
YoY Change -7.29% 3.42%
% of Gross Profit 11.84% 19.55%
Operating Expenses $140.2M $121.6M
YoY Change 6.53% -14.49%
Operating Profit $115.2M $45.90M
YoY Change 28.0% -52.19%
Interest Expense $11.50M $10.60M
YoY Change 27.78% -20.9%
% of Operating Profit 9.98% 23.09%
Other Income/Expense, Net $1.200M $1.100M
YoY Change 9.09% -650.0%
Pretax Income $106.6M $37.80M
YoY Change 27.82% -54.89%
Income Tax $20.60M $8.500M
% Of Pretax Income 19.32% 22.49%
Net Earnings $84.40M $28.10M
YoY Change 29.85% -57.81%
Net Earnings / Revenue 9.52% 4.43%
Basic Earnings Per Share $2.07 $0.69
Diluted Earnings Per Share $2.06 $0.69
COMMON SHARES
Basic Shares Outstanding 40.70M shares 40.50M shares
Diluted Shares Outstanding 41.00M shares 40.70M shares

Balance Sheet

Concept 2021 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $618.5M $432.2M
YoY Change 26.87%
Cash & Equivalents $618.5M $432.2M
Short-Term Investments
Other Short-Term Assets $148.5M $136.6M
YoY Change 28.68%
Inventory $759.2M $679.7M
Prepaid Expenses
Receivables $558.0M $427.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.084B $1.676B
YoY Change 18.92% -7.06%
LONG-TERM ASSETS
Property, Plant & Equipment $605.9M $634.3M
YoY Change -2.92% 1.93%
Goodwill $1.512B $1.498B
YoY Change 0.23% -0.56%
Intangibles $504.9M $542.9M
YoY Change -5.7% -8.71%
Long-Term Investments
YoY Change
Other Assets $21.60M $11.70M
YoY Change 44.0% -48.0%
Total Long-Term Assets $2.690B $2.732B
YoY Change -1.37% -4.37%
TOTAL ASSETS
Total Short-Term Assets $2.084B $1.676B
Total Long-Term Assets $2.690B $2.732B
Total Assets $4.774B $4.408B
YoY Change 6.57% -5.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $461.4M $342.6M
YoY Change 26.83% -17.78%
Accrued Expenses $233.1M $209.2M
YoY Change 7.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $230.9M $600.0K
YoY Change 0.13% 0.0%
Total Short-Term Liabilities $938.8M $578.4M
YoY Change 13.0% -10.37%
LONG-TERM LIABILITIES
Long-Term Debt $789.0M $1.125B
YoY Change -6.09% -7.98%
Other Long-Term Liabilities $57.20M $45.80M
YoY Change 21.7% -8.95%
Total Long-Term Liabilities $846.2M $1.171B
YoY Change -4.62% -8.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $938.8M $578.4M
Total Long-Term Liabilities $846.2M $1.171B
Total Liabilities $1.785B $1.749B
YoY Change 3.9% -8.81%
SHAREHOLDERS EQUITY
Retained Earnings $2.130B $1.920B
YoY Change 8.0% 1.97%
Common Stock $698.8M $694.4M
YoY Change 0.36% -7.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.665B $2.319B
YoY Change
Total Liabilities & Shareholders Equity $4.774B $4.408B
YoY Change 6.57% -5.41%

Cashflow Statement

Concept 2021 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $84.40M $28.10M
YoY Change 29.85% -57.81%
Depreciation, Depletion And Amortization $30.50M $33.30M
YoY Change -7.29% 3.42%
Cash From Operating Activities $87.10M $189.6M
YoY Change -27.6%
INVESTING ACTIVITIES
Capital Expenditures $13.60M $9.500M
YoY Change 46.24% -73.61%
Acquisitions
YoY Change
Other Investing Activities -$1.000M $5.600M
YoY Change -143.48%
Cash From Investing Activities -$14.60M -$14.80M
YoY Change 108.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.40M -66.80M
YoY Change -62.87%
NET CHANGE
Cash From Operating Activities 87.10M 189.6M
Cash From Investing Activities -14.60M -14.80M
Cash From Financing Activities -25.40M -66.80M
Net Change In Cash 47.10M 108.0M
YoY Change 4.9%
FREE CASH FLOW
Cash From Operating Activities $87.10M $189.6M
Capital Expenditures $13.60M $9.500M
Free Cash Flow $73.50M $180.1M
YoY Change -33.78%

Facts In Submission

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us-gaap Amortization Of Intangible Assets
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22300000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12200000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24400000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
43300000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
41500000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
41500000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
40900000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
38800000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
35300000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
886900000 USD
CY2021Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
886900000 USD
CY2021Q3 us-gaap Gross Profit
GrossProfit
251500000 USD
CY2021Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
140200000 USD
CY2021Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2300000 USD
CY2021Q3 us-gaap Costs And Expenses
CostsAndExpenses
142500000 USD
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
109000000.0 USD
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30500000 USD
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
13600000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
634100000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
634100000 USD
CY2020Q2 us-gaap Gross Profit
GrossProfit
170300000 USD
CY2020Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
121600000 USD
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
2800000 USD
CY2020Q2 us-gaap Costs And Expenses
CostsAndExpenses
124400000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
45900000 USD
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33300000 USD
CY2020Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
24300000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1701000000.0 USD
us-gaap Gross Profit
GrossProfit
496900000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
288500000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2300000 USD
us-gaap Costs And Expenses
CostsAndExpenses
290800000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
206100000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
62300000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1368300000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1368300000 USD
us-gaap Gross Profit
GrossProfit
373600000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
253500000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
100000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
4300000 USD
us-gaap Costs And Expenses
CostsAndExpenses
257700000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
115900000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
65900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20400000 USD
CY2021Q3 us-gaap Assets
Assets
4773700000 USD
CY2021Q1 us-gaap Assets
Assets
4589000000.0 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4400000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3200000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
1019900000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
1071400000 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
230900000 USD
CY2021Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
231000000.0 USD
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
789000000.0 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
840400000 USD
CY2021Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1031100000 USD
CY2021Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1085800000 USD
CY2021Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
300000 USD
CY2020Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
300000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
600000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1100000 USD
CY2021Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1400000 USD
CY2020Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
2000000.0 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
2900000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4100000 USD
rbc Defined Benefit Plan Amortization Of Prior Service Cost Credit And Net Actuarial Loss
DefinedBenefitPlanAmortizationOfPriorServiceCostCreditAndNetActuarialLoss
900000 USD
CY2021Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3100000 USD
CY2020Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
3300000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6200000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6600000 USD
CY2021Q3 rbc Defined Benefit Plan Amortization Of Prior Service Cost Credit And Net Actuarial Loss
DefinedBenefitPlanAmortizationOfPriorServiceCostCreditAndNetActuarialLoss
500000 USD
CY2020Q2 rbc Defined Benefit Plan Amortization Of Prior Service Cost Credit And Net Actuarial Loss
DefinedBenefitPlanAmortizationOfPriorServiceCostCreditAndNetActuarialLoss
200000 USD
rbc Defined Benefit Plan Amortization Of Prior Service Cost Credit And Net Actuarial Loss
DefinedBenefitPlanAmortizationOfPriorServiceCostCreditAndNetActuarialLoss
300000 USD
CY2021Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-900000 USD
CY2020Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-800000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-1800000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-1100000 USD
CY2021Q3 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1600000 USD
CY2020Q2 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1200000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
2800000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
2300000 USD
CY2021Q3 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
5800000 USD
CY2021 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
8500000 USD
rbc Lessee Operating Lease Number Of Options To Renew
LesseeOperatingLeaseNumberOfOptionsToRenew
1 option
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
7700000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
7600000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
15400000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
15300000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
100000 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
100000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
200000 USD
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
200000 USD
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
100000 USD
CY2020Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
0 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
100000 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
100000 USD
CY2021Q3 us-gaap Lease Cost
LeaseCost
7900000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
7700000 USD
us-gaap Lease Cost
LeaseCost
15700000 USD
us-gaap Lease Cost
LeaseCost
15600000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
14300000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
300000 USD
CY2021Q3 rbc Lessee Liability Payments Remainderof Fiscal Year
LesseeLiabilityPaymentsRemainderofFiscalYear
14600000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
22400000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
500000 USD
CY2021Q3 rbc Lessee Liability Payments Due Year One
LesseeLiabilityPaymentsDueYearOne
22900000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
15600000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
600000 USD
CY2021Q3 rbc Lessee Liability Payments Due Year Two
LesseeLiabilityPaymentsDueYearTwo
16200000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10600000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
600000 USD
CY2021Q3 rbc Lessee Liability Payments Due Year Three
LesseeLiabilityPaymentsDueYearThree
11200000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8000000.0 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
600000 USD
CY2021Q3 rbc Lessee Liability Payments Due Year Four
LesseeLiabilityPaymentsDueYearFour
8600000 USD
CY2021Q3 rbc Lessee Operating Lease Liability To Be Payments Due After Year Four
LesseeOperatingLeaseLiabilityToBePaymentsDueAfterYearFour
18700000 USD
CY2021Q3 rbc Finance Lease Liability To Be Payments Due After Year Four
FinanceLeaseLiabilityToBePaymentsDueAfterYearFour
1300000 USD
CY2021Q3 rbc Lessee Liability Payments Due After Year Four
LesseeLiabilityPaymentsDueAfterYearFour
20000000.0 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
89600000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3900000 USD
CY2021Q3 rbc Lessee Liability Payments Due
LesseeLiabilityPaymentsDue
93500000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14400000 USD
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
700000 USD
CY2021Q3 rbc Lessee Liability Undiscounted Excess Amount
LesseeLiabilityUndiscountedExcessAmount
15100000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
14800000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
75200000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
3200000 USD
CY2021Q3 rbc Lease Liability
LeaseLiability
78400000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
12400000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
100000 USD
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
100000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
200000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
200000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
9700000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
18300000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M24D
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M12D
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y9M18D
CY2020Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P7Y9M18D
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.067
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.083
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1600000 shares
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.059
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.059
CY2021Q3 rbc Lessee Operating Lease Lease Not Yet Commenced Undiscounted Amount
LesseeOperatingLeaseLeaseNotYetCommencedUndiscountedAmount
5800000 USD
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000.0 USD
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
315072 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
79.38
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
25000000.0 USD
CY2021Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
210000000.0 shares
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4500000 USD
CY2020Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2800000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7800000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5500000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
700000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
200000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1300000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
400000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
25100000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
6700000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
3100000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
100000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
200000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
500000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
400000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3900000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1800000 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.225
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.191
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.228
CY2021Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
9300000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6800000 USD
CY2021Q3 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
2900000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
2700000 USD
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
500000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40700000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40500000 shares
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15700000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40600000 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
300000 shares
CY2020Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
400000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
100000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41000000.0 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41000000.0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40700000 shares
rbc Number Of Subsidiaries Involved In Litigation
NumberOfSubsidiariesInvolvedInLitigation
1 subsidiary
CY2021Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
16300000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15400000 USD
CY2021Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15500000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15100000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4200000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3300000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
8700000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6900000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
4600000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
3500000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
10000000.0 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
7500000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
0 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
100000 USD
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-100000 USD
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
0 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
16700000 USD
CY2020Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15700000 USD
CY2021Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
16700000 USD
us-gaap Restructuring Costs
RestructuringCosts
3200000 USD
us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
10700000 USD
CY2021 us-gaap Debt Securities Available For Sale Unrealized Gain Loss
DebtSecuritiesAvailableForSaleUnrealizedGainLoss
3700000 USD
CY2021Q3 us-gaap Debt Securities Held To Maturity Derivative Cumulative Gain Loss
DebtSecuritiesHeldToMaturityDerivativeCumulativeGainLoss
34100000 USD
rbc Net Current Deferred Gains Losses Expected To Be Realized
NetCurrentDeferredGainsLossesExpectedToBeRealized
20900000 USD
CY2021Q2 us-gaap Restructuring Reserve
RestructuringReserve
2700000 USD
CY2020Q1 us-gaap Restructuring Reserve
RestructuringReserve
2400000 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
2000000.0 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
900000 USD
CY2021Q3 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
1500000 USD
CY2020Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
7800000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3200000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
12900000 USD
CY2021Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
1700000 USD
CY2020Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
7300000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
2700000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
10900000 USD
CY2021Q3 us-gaap Restructuring Reserve
RestructuringReserve
2500000 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
2900000 USD
CY2021Q3 us-gaap Restructuring Reserve
RestructuringReserve
2500000 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
2900000 USD
CY2021Q3 us-gaap Restructuring Costs
RestructuringCosts
1500000 USD
CY2020Q2 us-gaap Restructuring Costs
RestructuringCosts
7800000 USD
us-gaap Restructuring Costs
RestructuringCosts
12900000 USD
CY2021Q3 us-gaap Restructuring Charges
RestructuringCharges
1500000 USD
CY2020Q2 us-gaap Restructuring Charges
RestructuringCharges
7800000 USD
us-gaap Restructuring Charges
RestructuringCharges
3200000 USD
us-gaap Restructuring Charges
RestructuringCharges
12900000 USD
CY2021Q3 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
3500000 USD

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0000082811-21-000107.txt Edgar Link pending
0000082811-21-000107-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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rbc-20210703.xsd Edgar Link pending
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