2018 Q2 Form 10-Q Financial Statement
#000008820518000013 Filed on August 03, 2018
Income Statement
Concept | 2018 Q2 | 2017 Q3 |
---|---|---|
Revenue | $379.2M | $349.7M |
YoY Change | 11.33% | -5.84% |
Cost Of Revenue | $281.5M | $263.4M |
YoY Change | 11.49% | -6.03% |
Gross Profit | $97.70M | $85.10M |
YoY Change | 10.9% | -6.59% |
Gross Profit Margin | 25.76% | 24.34% |
Selling, General & Admin | $72.60M | $64.40M |
YoY Change | 6.3% | -11.54% |
% of Gross Profit | 74.31% | 75.68% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $6.800M | $6.300M |
YoY Change | 7.94% | -16.0% |
% of Gross Profit | 6.96% | 7.4% |
Operating Expenses | $72.60M | $64.40M |
YoY Change | 6.3% | -11.54% |
Operating Profit | $22.70M | $29.70M |
YoY Change | 18.85% | 115.22% |
Interest Expense | $5.100M | $4.300M |
YoY Change | 27.5% | 13.16% |
% of Operating Profit | 22.47% | 14.48% |
Other Income/Expense, Net | $0.00 | $1.200M |
YoY Change | -100.0% | 1100.0% |
Pretax Income | $20.10M | $26.80M |
YoY Change | 48.89% | 160.19% |
Income Tax | $400.0K | $4.800M |
% Of Pretax Income | 1.99% | 17.91% |
Net Earnings | $23.00M | $22.30M |
YoY Change | 32.18% | 457.5% |
Net Earnings / Revenue | 6.07% | 6.38% |
Basic Earnings Per Share | $0.54 | $0.52 |
Diluted Earnings Per Share | $0.51 | $0.51 |
COMMON SHARES | ||
Basic Shares Outstanding | 42.99M shares | 42.54M shares |
Diluted Shares Outstanding | 44.72M shares | 44.06M shares |
Balance Sheet
Concept | 2018 Q2 | 2017 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $66.70M | $83.50M |
YoY Change | -28.05% | -18.14% |
Cash & Equivalents | $66.70M | $87.20M |
Short-Term Investments | ||
Other Short-Term Assets | $74.30M | $39.60M |
YoY Change | 180.38% | 9.39% |
Inventory | $141.9M | $165.6M |
Prepaid Expenses | ||
Receivables | $247.1M | $266.6M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $622.4M | $559.0M |
YoY Change | 21.78% | -15.33% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $188.2M | $188.8M |
YoY Change | -2.79% | -11.53% |
Goodwill | $393.3M | $345.4M |
YoY Change | 15.03% | 0.49% |
Intangibles | $201.9M | $117.7M |
YoY Change | 71.1% | -19.55% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $688.5M | $675.0M |
YoY Change | 2.61% | 8.26% |
Total Long-Term Assets | $1.501B | $1.374B |
YoY Change | 8.22% | -0.36% |
TOTAL ASSETS | ||
Total Short-Term Assets | $622.4M | $559.0M |
Total Long-Term Assets | $1.501B | $1.374B |
Total Assets | $2.124B | $1.933B |
YoY Change | 11.87% | -5.2% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $150.7M | $143.3M |
YoY Change | 13.22% | -3.7% |
Accrued Expenses | $179.8M | $284.3M |
YoY Change | -35.02% | -25.81% |
Deferred Revenue | $78.30M | |
YoY Change | ||
Short-Term Debt | $124.1M | $39.00M |
YoY Change | 625.73% | 81.4% |
Long-Term Debt Due | $9.200M | $18.00M |
YoY Change | -48.89% | 0.56% |
Total Short-Term Liabilities | $543.9M | $486.0M |
YoY Change | 20.63% | -15.57% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $340.6M | $315.4M |
YoY Change | 6.64% | -5.71% |
Other Long-Term Liabilities | $849.1M | $841.2M |
YoY Change | -2.86% | 4.17% |
Total Long-Term Liabilities | $1.221B | $1.192B |
YoY Change | -1.23% | 0.09% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $543.9M | $486.0M |
Total Long-Term Liabilities | $1.221B | $1.192B |
Total Liabilities | $1.765B | $1.678B |
YoY Change | 4.61% | -5.01% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$707.9M | -$800.9M |
YoY Change | -13.06% | -187.55% |
Common Stock | $1.306B | $1.306B |
YoY Change | 0.83% | -49.45% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $491.3M | $503.6M |
YoY Change | -2.6% | -85.48% |
Treasury Stock Shares | 8.325M shares | 8.540M shares |
Shareholders Equity | $358.6M | $208.7M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $2.124B | $1.933B |
YoY Change | 11.87% | -5.2% |
Cashflow Statement
Concept | 2018 Q2 | 2017 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $23.00M | $22.30M |
YoY Change | 32.18% | 457.5% |
Depreciation, Depletion And Amortization | $6.800M | $6.300M |
YoY Change | 7.94% | -16.0% |
Cash From Operating Activities | $2.400M | -$17.10M |
YoY Change | 41.18% | -175.0% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$2.200M | -$2.600M |
YoY Change | 0.0% | 0.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$153.8M | $0.00 |
YoY Change | -100.0% | |
Cash From Investing Activities | -$156.0M | -$2.600M |
YoY Change | 6990.91% | -33.33% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 117.5M | 12.90M |
YoY Change | -2403.92% | -177.71% |
NET CHANGE | ||
Cash From Operating Activities | 2.400M | -17.10M |
Cash From Investing Activities | -156.0M | -2.600M |
Cash From Financing Activities | 117.5M | 12.90M |
Net Change In Cash | -36.10M | -6.800M |
YoY Change | 544.64% | -395.65% |
FREE CASH FLOW | ||
Cash From Operating Activities | $2.400M | -$17.10M |
Capital Expenditures | -$2.200M | -$2.600M |
Free Cash Flow | $4.600M | -$14.50M |
YoY Change | 17.95% | -157.09% |
Facts In Submission
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|
3300000 | USD |
us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
3300000 | USD | |
CY2017Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
-900000 | USD |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
-3500000 | USD | |
CY2018Q2 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
5600000 | USD |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
5600000 | USD | |
CY2017Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
0 | USD |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
0 | USD | |
CY2018Q2 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
0 | USD |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
0 | USD | |
CY2017Q3 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
-200000 | USD |
us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
-9900000 | USD | |
CY2018Q2 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
2300000 | USD |
us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
2300000 | USD | |
CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.21 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.20 | ||
CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.54 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.83 | ||
CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.21 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.19 | ||
CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.51 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.79 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-3700000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-900000 | USD | |
CY2017Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-2.609 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.821 | ||
CY2018Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.020 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.123 | ||
CY2017Q2 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
900000 | USD |
CY2017Q4 | us-gaap |
Fifo Inventory Amount
FIFOInventoryAmount
|
155400000 | USD |
CY2018Q2 | us-gaap |
Fifo Inventory Amount
FIFOInventoryAmount
|
153800000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
14300000 | USD |
CY2018Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
13800000 | USD |
CY2018Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
5400000 | USD |
CY2018Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
4200000 | USD |
CY2018Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
5400000 | USD |
CY2018Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
5400000 | USD |
CY2018Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
5400000 | USD |
CY2018Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
5.3 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
19700000 | USD |
CY2018Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
77700000 | USD |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
5400000 | USD |
CY2018Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
63900000 | USD |
CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
345900000 | USD |
CY2017Q4 | us-gaap |
Goodwill Gross
GoodwillGross
|
838600000 | USD |
CY2018Q2 | us-gaap |
Goodwill
Goodwill
|
393300000 | USD |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
48400000 | USD | |
CY2018Q2 | us-gaap |
Goodwill Gross
GoodwillGross
|
884000000 | USD |
CY2017Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
492700000 | USD |
CY2018Q2 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
490700000 | USD |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2300000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
11200000 | USD | |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
20100000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
36600000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-8300000 | USD |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
2000000 | USD | |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
19700000 | USD |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
32100000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.19 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.05 | ||
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.46 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.75 | ||
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.19 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.04 | ||
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.44 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.72 | ||
CY2017Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-700000 | USD |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
6400000 | USD | |
CY2018Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
3300000 | USD |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
3300000 | USD | |
CY2017Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.02 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.15 | ||
CY2018Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.08 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.08 | ||
CY2017Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.02 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.15 | ||
CY2018Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.07 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.07 | ||
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
6000000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
9200000 | USD | |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
400000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4500000 | USD | |
CY2017Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
62400000 | USD |
CY2018Q2 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
49000000 | USD |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-22300000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-67400000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-5800000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
-11100000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
20300000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
4800000 | USD | |
CY2017Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1373000 | shares | |
CY2018Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1735000 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1664000 | shares | |
us-gaap |
Insurance Recoveries
InsuranceRecoveries
|
19400000 | USD | |
CY2017Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
131900000 | USD |
CY2018Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
215700000 | USD |
CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
117600000 | USD |
CY2018Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
201900000 | USD |
CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
4600000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
8600000 | USD | |
CY2018Q2 | us-gaap |
Interest Expense
InterestExpense
|
5100000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
9400000 | USD | |
CY2017Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
33000000 | USD |
CY2018Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
47300000 | USD |
CY2017Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
12400000 | USD |
CY2018Q2 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
11900000 | USD |
CY2017Q4 | us-gaap |
Inventory Net
InventoryNet
|
143000000 | USD |
CY2018Q2 | us-gaap |
Inventory Net
InventoryNet
|
141900000 | USD |
CY2018Q1 | us-gaap |
Inventory Net
InventoryNet
|
102800000 | USD |
CY2017Q4 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
66400000 | USD |
CY2018Q2 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
83500000 | USD |
CY2017Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
56000000 | USD |
CY2018Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
23000000 | USD |
CY2017Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
300000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
700000 | USD | |
CY2018Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
300000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
800000 | USD | |
CY2017Q4 | us-gaap |
Land
Land
|
15800000 | USD |
CY2018Q2 | us-gaap |
Land
Land
|
19300000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2040400000 | USD |
CY2018Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2123800000 | USD |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
461000000 | USD |
CY2018Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
543900000 | USD |
CY2017Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
1264700000 | USD |
CY2018Q2 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
1221300000 | USD |
CY2017Q4 | us-gaap |
Liability For Asbestos And Environmental Claims Gross
LiabilityForAsbestosAndEnvironmentalClaimsGross
|
641200000 | USD |
CY2018Q2 | us-gaap |
Liability For Asbestos And Environmental Claims Gross
LiabilityForAsbestosAndEnvironmentalClaimsGross
|
615300000 | USD |
us-gaap |
Liability For Asbestos And Environmental Claims Net Payment For Claims
LiabilityForAsbestosAndEnvironmentalClaimsNetPaymentForClaims
|
24800000 | USD | |
us-gaap |
Liability For Asbestos And Environmental Claims Net Payment For Claims
LiabilityForAsbestosAndEnvironmentalClaimsNetPaymentForClaims
|
7800000 | USD | |
CY2017Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
349300000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
340600000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
500000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
9200000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
7800000 | USD | |
CY2017Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
685700000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
113900000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4500000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-4500000 | USD | |
CY2018Q2 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
658700000 | USD |
CY2017Q4 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
330400000 | USD |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-177700000 | USD | |
CY2018Q2 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
332700000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
113900000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
7800000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-175300000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-15700000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
4700000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-10000000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
5800000 | USD | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | segment | |
CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5200000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
24300000 | USD | |
CY2018Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
22700000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
42000000 | USD | |
CY2017Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
97700000 | USD |
CY2018Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
74300000 | USD |
CY2018Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
94100000 | USD |
CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
706900000 | USD |
CY2018Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
688500000 | USD |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
500000 | USD |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
100000 | USD | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
200000 | USD |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
600000 | USD | |
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
100000 | USD | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
300000 | USD |
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
5200000 | USD | |
CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
885800000 | USD |
CY2018Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
849100000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
884200000 | USD |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1700000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-700000 | USD | |
CY2017Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-3200000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-5200000 | USD | |
CY2018Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2200000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3200000 | USD | |
us-gaap |
Payments For Proceeds From Life Insurance Policies
PaymentsForProceedsFromLifeInsurancePolicies
|
-300000 | USD | |
us-gaap |
Payments For Proceeds From Life Insurance Policies
PaymentsForProceedsFromLifeInsurancePolicies
|
-200000 | USD | |
us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
1000000 | USD | |
us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
900000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1800000 | USD | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
3000000 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
182600000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
4800000 | USD | |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
5400000 | USD | |
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
7500000 | USD | |
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
3800000 | USD | |
CY2017Q4 | us-gaap |
Percentage Of Lifo Inventory
PercentageOfLIFOInventory
|
0.56 | |
CY2018Q2 | us-gaap |
Percentage Of Lifo Inventory
PercentageOfLIFOInventory
|
0.44 | |
us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
174300000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-2700000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-1100000 | USD | |
CY2016Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
35800000 | USD |
CY2017Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
33100000 | USD |
CY2017Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
33900000 | USD |
CY2018Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
476900000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
186600000 | USD |
CY2018Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
188200000 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
33200000 | USD |
us-gaap |
Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
|
0 | USD | |
us-gaap |
Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
|
1300000 | USD | |
CY2017Q3 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
12700000 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
13600000 | USD |
CY2017Q3 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
20400000 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
19600000 | USD |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
8100000 | USD | |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
6700000 | USD | |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
5200000 | USD | |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
4300000 | USD | |
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-9000000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
8400000 | USD | |
CY2018Q2 | us-gaap |
Profit Loss
ProfitLoss
|
23000000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
35400000 | USD | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
466700000 | USD |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
57400000 | USD | |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-742300000 | USD |
CY2018Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-707900000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-738300000 | USD |
CY2017Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
349700000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
690300000 | USD | |
CY2018Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
379200000 | USD |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
731100000 | USD | |
CY2018Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
71400000 | USD |
CY2017Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
349700000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
690300000 | USD | |
CY2018Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
379200000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
731100000 | USD | |
CY2017Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
70300000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
138600000 | USD | |
CY2018Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
72600000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
141200000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6800000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8100000 | USD | |
CY2017Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
7000000 | USD |
CY2018Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
124100000 | USD |
us-gaap |
Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
|
-200000 | USD | |
us-gaap |
Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
|
0 | USD | |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
314700000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
358600000 | USD |
CY2017Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
8535465 | shares |
CY2018Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
8325229 | shares |
CY2017Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
503400000 | USD |
CY2018Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
491300000 | USD |
CY2018Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
29000000 | USD |
us-gaap |
Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
|
0 | USD | |
CY2018Q2 | us-gaap |
Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
|
4500000 | USD |
CY2018Q2 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
16500000 | USD |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
42388000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43622000 | shares | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
44723000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
44545000 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42388000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42249000 | shares | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42988000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
42881000 | shares | |
us-gaap |
Fiscal Period
FiscalPeriod
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We establish actual interim closing dates using a fiscal calendar, which requires our businesses to close their books on the Saturday closest to the end of the first calendar quarter, with the second and third quarters being </font><font style="font-family:inherit;font-size:10pt;">91</font><font style="font-family:inherit;font-size:10pt;"> days in length. Our fourth quarter ends on December 31. The interim closing dates for the first, second and third quarters of 2018 are March 31, June 30 and September 29, compared to the respective April 1, July 1 and September 30, 2017 dates. We had one less day in the first quarter of 2018 and will have one more day in the fourth quarter of 2018 than in the respective 2017 periods. We do not believe the one less day during the first quarter of 2018 had a material impact on our consolidated operating results for the first half of 2018, when compared to the consolidated operating results for the first half of 2017.</font></div></div> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Preparing financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from these estimates. The unaudited information included in this Quarterly Report on Form 10-Q should be read in conjunction with the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2017. Interim results are not necessarily indicative of full year results. We have reclassified certain prior year amounts to conform to the current year presentation. Unless otherwise indicated, amounts provided in these Notes pertain to continuing operations only. See Note 3 for information on discontinued operations.</font></div></div> |