$SCS
STEELCASE INC

2020 Q2 Form 10-Q Financial Statement

#000105082520000120 Filed on July 01, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $482.8M $824.3M
YoY Change -41.43% 9.32%
Cost Of Revenue $360.1M $565.9M
YoY Change -36.37% 9.65%
Gross Profit $122.7M $258.4M
YoY Change -52.52% 8.62%
Gross Profit Margin 25.41% 31.35%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.50M $20.30M
YoY Change 10.84% 16.0%
% of Gross Profit 18.34% 7.86%
Operating Expenses $157.4M $230.8M
YoY Change -31.8% 7.55%
Operating Profit -$52.30M $27.60M
YoY Change -289.49% 18.45%
Interest Expense $7.300M $6.700M
YoY Change 8.96% 52.27%
% of Operating Profit 24.28%
Other Income/Expense, Net $0.00 $4.000M
YoY Change -100.0% 81.82%
Pretax Income -$54.80M $24.10M
YoY Change -327.39% 3.88%
Income Tax -$16.70M $6.300M
% Of Pretax Income 26.14%
Net Earnings -$38.10M $17.80M
YoY Change -314.04% 4.71%
Net Earnings / Revenue -7.89% 2.16%
Basic Earnings Per Share -$0.33 $0.15
Diluted Earnings Per Share -$0.33 $0.15
COMMON SHARES
Basic Shares Outstanding 115.1M shares 117.3M shares
Diluted Shares Outstanding 115.1M shares 117.8M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $637.5M $152.7M
YoY Change 317.49% 13.19%
Cash & Equivalents $637.5M $152.7M
Short-Term Investments
Other Short-Term Assets $69.10M $47.80M
YoY Change 44.56% -7.0%
Inventory $246.7M $241.3M
Prepaid Expenses $22.20M $22.10M
Receivables $254.7M $402.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.230B $866.4M
YoY Change 41.99% 13.84%
LONG-TERM ASSETS
Property, Plant & Equipment $417.2M $450.2M
YoY Change -7.33% 4.36%
Goodwill $215.1M $240.1M
YoY Change -10.41% 73.48%
Intangibles $95.90M $115.2M
YoY Change -16.75% 158.3%
Long-Term Investments $53.50M $53.70M
YoY Change -0.37% 8.27%
Other Assets $29.80M $32.30M
YoY Change -7.74% 2.54%
Total Long-Term Assets $1.309B $1.389B
YoY Change -5.76% 39.75%
TOTAL ASSETS
Total Short-Term Assets $1.230B $866.4M
Total Long-Term Assets $1.309B $1.389B
Total Assets $2.540B $2.256B
YoY Change 12.58% 28.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $155.9M $263.1M
YoY Change -40.74% 8.67%
Accrued Expenses $153.6M $168.3M
YoY Change -8.73% 40.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $247.7M $4.200M
YoY Change 5797.62% 50.0%
Total Short-Term Liabilities $790.1M $551.0M
YoY Change 43.39% 16.47%
LONG-TERM LIABILITIES
Long-Term Debt $481.2M $482.4M
YoY Change -0.25% 65.49%
Other Long-Term Liabilities $45.60M $56.80M
YoY Change -19.72% -6.12%
Total Long-Term Liabilities $868.4M $852.7M
YoY Change 1.84% 80.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $790.1M $551.0M
Total Long-Term Liabilities $868.4M $852.7M
Total Liabilities $1.659B $1.404B
YoY Change 18.15% 48.37%
SHAREHOLDERS EQUITY
Retained Earnings $958.9M $881.2M
YoY Change 8.82% 7.5%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $881.0M $852.0M
YoY Change
Total Liabilities & Shareholders Equity $2.540B $2.256B
YoY Change 12.58% 28.52%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$38.10M $17.80M
YoY Change -314.04% 4.71%
Depreciation, Depletion And Amortization $22.50M $20.30M
YoY Change 10.84% 16.0%
Cash From Operating Activities -$93.40M -$71.00M
YoY Change 31.55% -39.68%
INVESTING ACTIVITIES
Capital Expenditures $9.400M $14.80M
YoY Change -36.49% -6.33%
Acquisitions
YoY Change
Other Investing Activities -$6.700M -$1.100M
YoY Change 509.09% -86.08%
Cash From Investing Activities -$2.700M -$13.70M
YoY Change -80.29% 73.42%
FINANCING ACTIVITIES
Cash Dividend Paid $8.400M $17.30M
YoY Change -51.45% 6.13%
Common Stock Issuance & Retirement, Net $42.30M $4.000M
YoY Change 957.5% 17.65%
Debt Paid & Issued, Net $600.0K
YoY Change -14.29%
Cash From Financing Activities $193.7M -$21.80M
YoY Change -988.53% 6.86%
NET CHANGE
Cash From Operating Activities -$93.40M -$71.00M
Cash From Investing Activities -$2.700M -$13.70M
Cash From Financing Activities $193.7M -$21.80M
Net Change In Cash $96.30M -$106.5M
YoY Change -190.42% -27.05%
FREE CASH FLOW
Cash From Operating Activities -$93.40M -$71.00M
Capital Expenditures $9.400M $14.80M
Free Cash Flow -$102.8M -$85.80M
YoY Change 19.81% -35.73%

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CY2019Q2 us-gaap Share Based Compensation
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9500000 USD
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1800000 USD
CY2019Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2500000 USD
CY2020Q2 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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700000 USD
CY2019Q2 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
4600000 USD
CY2020Q2 us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
-2800000 USD
CY2019Q2 us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
700000 USD
CY2020Q2 us-gaap Increase Decrease In Accounts Receivable
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-115800000 USD
CY2019Q2 us-gaap Increase Decrease In Accounts Receivable
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15000000.0 USD
CY2020Q2 us-gaap Increase Decrease In Inventories
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32800000 USD
CY2019Q2 us-gaap Increase Decrease In Inventories
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17700000 USD
CY2020Q2 us-gaap Increase Decrease In Other Operating Assets
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28000000.0 USD
CY2019Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1100000 USD
CY2020Q2 us-gaap Increase Decrease In Accounts Payable
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-87800000 USD
CY2019Q2 us-gaap Increase Decrease In Accounts Payable
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23200000 USD
CY2020Q2 us-gaap Increase Decrease In Employee Related Liabilities
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-137200000 USD
CY2019Q2 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-93600000 USD
CY2020Q2 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-33200000 USD
CY2019Q2 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-24200000 USD
CY2020Q2 us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
94900000 USD
CY2019Q2 us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
2400000 USD
CY2020Q2 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-3600000 USD
CY2019Q2 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1900000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-93400000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-71000000.0 USD
CY2020Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9400000 USD
CY2019Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14800000 USD
CY2020Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6700000 USD
CY2019Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1100000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2700000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13700000 USD
CY2020Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
8400000 USD
CY2019Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
17300000 USD
CY2020Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
42300000 USD
CY2019Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4000000.0 USD
CY2020Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
250000000.0 USD
CY2019Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2020Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
5000000.0 USD
CY2019Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2020Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-600000 USD
CY2019Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-500000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
193700000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-21800000 USD
CY2020Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1300000 USD
CY2019Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-700000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
96300000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-107200000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
547100000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
264800000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
643400000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
157600000 USD
CY2020Q1 us-gaap Restricted Cash
RestrictedCash
6100000 USD
CY2019Q1 us-gaap Restricted Cash
RestrictedCash
3500000 USD
CY2019Q2 us-gaap Restricted Cash
RestrictedCash
4900000 USD
CY2020Q2 us-gaap Revenues
Revenues
482800000 USD
CY2019Q2 us-gaap Revenues
Revenues
824300000 USD
CY2020Q2 us-gaap Revenues
Revenues
482800000 USD
CY2019Q2 us-gaap Revenues
Revenues
824300000 USD
CY2020Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
28600000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
123400000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-38100000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
17800000 USD
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
-700000 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
300000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-37400000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17500000 USD
CY2020Q2 scs Weighted Average Common Shares Outstanding Including Participating Securities In Millions
WeightedAverageCommonSharesOutstandingIncludingParticipatingSecuritiesInMillions
117300000 shares
CY2019Q2 scs Weighted Average Common Shares Outstanding Including Participating Securities In Millions
WeightedAverageCommonSharesOutstandingIncludingParticipatingSecuritiesInMillions
119400000 shares
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IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
2200000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
2100000 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115100000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117300000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115100000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
117800000 shares
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.33
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
114800000 shares
CY2019Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
117300000 shares
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-69300000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-8600000 USD
CY2020Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
0 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-8600000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-77900000 USD
CY2020Q2 us-gaap Debt Longterm And Shortterm Combined Amount
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728900000 USD
CY2020Q1 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
484300000 USD
CY2020Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
753000000 USD
CY2020Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
560000000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
637500000 USD
CY2020Q2 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
136900000 USD
CY2020Q1 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
122000000.0 USD
CY2020Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
130300000 USD
CY2020Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
112800000 USD
CY2020Q2 us-gaap Inventory Gross
InventoryGross
267200000 USD
CY2020Q1 us-gaap Inventory Gross
InventoryGross
234800000 USD
CY2020Q2 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
20500000 USD
CY2020Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
19800000 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
246700000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
215000000.0 USD
CY2020Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
109000000.0 USD
CY2020Q1 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
93800000 USD
CY2020Q1 us-gaap Goodwill Gross
GoodwillGross
537500000 USD
CY2020Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
-303900000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
233600000 USD
CY2020Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
17600000 USD
CY2020Q2 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-900000 USD
CY2020Q2 us-gaap Goodwill Gross
GoodwillGross
536600000 USD
CY2020Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
-321500000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
215100000 USD
CY2020Q2 us-gaap Goodwill Impaired Facts And Circumstances Leading To Impairment
GoodwillImpairedFactsAndCircumstancesLeadingToImpairment
We evaluate goodwill for impairment annually in Q4, or earlier if conditions indicate it is necessary. In Q1 2021, we determined that a triggering event occurred which resulted in an interim impairment evaluation of goodwill for each of our reporting units. During Q1 2021, the market price of our Class A Common Stock declined significantly in connection with overall stock market trends related to the global economic impact of the COVID-19 pandemic. The reduction in revenue in Q1 2021 and changes to our forecasted revenue growth rates and expected operating margins related to the economic disruption of the COVID-19 pandemic were also factors that led to the completion of our interim impairment analysis. For goodwill, we compare the fair value of each reporting unit to its carrying value. If the fair value of the reporting unit exceeds the carrying value, goodwill is not impaired, and no further testing is required. If the fair value of the reporting unit is less than the carrying value, the difference is recorded as an impairment loss. We estimate the fair value of our reporting units using the income approach, which calculates the fair value of each reporting unit based on the present value of its estimated cash flows. Cash flow projections are based on management's estimates of revenue growth rates and operating margins, taking into consideration industry and market conditions. For the evaluation that we conducted in Q1 2021, such conditions included the deterioration of industry and market conditions driven by the COVID-19 pandemic. The discount rates used are based on the weighted-average cost of capital adjusted for the relevant risk associated with business-specific characteristics and the uncertainty related to the reporting units' ability to execute on the projected cash flows. In certain circumstances, we corroborate the results determined using the income approach with a market-based approach that uses observable comparable company information to support the appropriateness of the fair value estimates. As a result of our goodwill impairment testing, we determined that the carrying value of the Orangebox U.K. reporting unit (included in the EMEA segment) exceeded its fair value, resulting in a $17.6 goodwill impairment charge. Following the charge, the reporting unit had no remaining goodwill. We also tested the recoverability of the Orangebox U.K. long-lived assets (other than goodwill) and concluded that those assets were not impaired.For each of our other reporting units, we determined that the fair value of the reporting unit substantially exceeded its carrying value, and no goodwill impairment existed. We also determined that no impairment existed related to the long-lived asset groups for any of our other reporting units.
CY2020Q2 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0107
CY2020Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
250000000.0 USD
CY2020Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
125000000.0 USD
CY2020Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
250000000.0 USD
CY2020Q2 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
245000000.0 USD
CY2020Q2 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
10.0 USD
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
30.5
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.261
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
12100000 USD
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
300000 USD
CY2019Q2 us-gaap Sublease Income
SubleaseIncome
100000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
13100000 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
12800000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
12000000.0 USD
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
12600000 USD
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
11900000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
500000 USD
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
39600000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y4M24D
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.043
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
37300000 USD
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
47200000 USD
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
40500000 USD
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
35100000 USD
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
32800000 USD
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
89800000 USD
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
282700000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
37000000.0 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
245700000 USD
CY2020Q2 us-gaap Revenues
Revenues
482800000 USD
CY2019Q2 us-gaap Revenues
Revenues
824300000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-52300000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
27600000 USD
CY2020Q2 us-gaap Assets
Assets
2539500000 USD
CY2020Q1 us-gaap Assets
Assets
2565400000 USD

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