2018 Q1 Form 10-K Financial Statement

#000175789819000005 Filed on May 30, 2019

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2017 Q2
Revenue $716.0M $661.9M $608.0M
YoY Change 5.1% 2.33% -4.77%
Cost Of Revenue $423.6M $383.7M $352.2M
YoY Change 5.77% -1.42% -11.6%
Gross Profit $292.4M $278.2M $255.8M
YoY Change 4.16% 8.0% 6.57%
Gross Profit Margin 40.83% 42.03% 42.07%
Selling, General & Admin $162.1M $158.8M $155.5M
YoY Change -20.27% -0.56% 1.7%
% of Gross Profit 55.44% 57.08% 60.8%
Research & Development $17.60M $15.20M $14.00M
YoY Change 11.39% 4.11% -2.78%
% of Gross Profit 6.02% 5.46% 5.47%
Depreciation & Amortization $44.40M $44.70M $43.70M
YoY Change -16.07% 42.81% -18.77%
% of Gross Profit 15.19% 16.07% 17.09%
Operating Expenses $179.8M $174.0M $169.5M
YoY Change -17.94% -0.11% 1.32%
Operating Profit $112.6M $104.2M $86.27M
YoY Change 82.74% 24.96% 18.66%
Interest Expense -$11.30M -$12.10M -$11.90M
YoY Change -20.98% 27.37% 23.96%
% of Operating Profit -10.04% -11.61% -13.79%
Other Income/Expense, Net
YoY Change
Pretax Income $101.4M $91.90M $74.30M
YoY Change 114.38% 496.75% 18.12%
Income Tax $21.10M $22.30M $16.00M
% Of Pretax Income 20.81% 24.27% 21.53%
Net Earnings $73.60M $94.78M $58.08M
YoY Change 181.98% -1995.62% 19.99%
Net Earnings / Revenue 10.28% 14.32% 9.55%
Basic Earnings Per Share $0.87 $1.12 $0.68
Diluted Earnings Per Share $0.86 $1.11 $0.68
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q4 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $201.5M $283.8M $294.8M
YoY Change -28.77% 7.13% 21.62%
Cash & Equivalents $201.5M $283.8M $294.8M
Short-Term Investments
Other Short-Term Assets $54.30M $57.50M $62.10M
YoY Change 1.31% 10.36% 15.0%
Inventory $205.7M $219.5M $217.4M
Prepaid Expenses
Receivables $528.1M $472.1M $455.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $989.7M $1.033B $1.030B
YoY Change -2.77% 6.45% 8.89%
LONG-TERM ASSETS
Property, Plant & Equipment $1.011B $983.8M $942.0M
YoY Change 10.33% 4.7% -10.77%
Goodwill $2.434B
YoY Change 9.07%
Intangibles $727.0M
YoY Change
Long-Term Investments
YoY Change
Other Assets $39.39M $37.90M $35.70M
YoY Change 13.84% 7.98% 8.18%
Total Long-Term Assets $4.211B $4.124B $4.026B
YoY Change 7.78% 5.3% -7.39%
TOTAL ASSETS
Total Short-Term Assets $989.7M $1.033B $1.030B
Total Long-Term Assets $4.211B $4.124B $4.026B
Total Assets $5.200B $5.157B $5.056B
YoY Change 5.6% 5.53% -4.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $135.9M $122.1M $125.6M
YoY Change 1.77% -0.33% 1.87%
Accrued Expenses $168.2M $103.6M $81.40M
YoY Change 55.47% 0.88% -17.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $398.5M $366.6M $353.6M
YoY Change 4.42% 4.71% -1.64%
LONG-TERM LIABILITIES
Long-Term Debt $1.316B $1.420B $1.497B
YoY Change -10.98% -5.77% -3.56%
Other Long-Term Liabilities $108.6M $96.40M $91.10M
YoY Change 31.32% 31.69% 10.42%
Total Long-Term Liabilities $1.425B $1.516B $1.588B
YoY Change -8.74% -4.04% -2.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $398.5M $366.6M $353.6M
Total Long-Term Liabilities $1.425B $1.516B $1.588B
Total Liabilities $1.983B $2.050B $2.129B
YoY Change -6.72% -3.66% -5.65%
SHAREHOLDERS EQUITY
Retained Earnings $1.146B
YoY Change
Common Stock $2.048B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.206B $3.107B $2.928B
YoY Change
Total Liabilities & Shareholders Equity $5.200B $5.157B $5.056B
YoY Change 5.6% 5.53% -4.48%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2017 Q2
OPERATING ACTIVITIES
Net Income $73.60M $94.78M $58.08M
YoY Change 181.98% -1995.62% 19.99%
Depreciation, Depletion And Amortization $44.40M $44.70M $43.70M
YoY Change -16.07% 42.81% -18.77%
Cash From Operating Activities $129.7M $110.5M $80.70M
YoY Change -3.71% 9.51% 0.5%
INVESTING ACTIVITIES
Capital Expenditures -$52.00M -$38.10M -$36.50M
YoY Change -14.33% -0.52% 3.11%
Acquisitions
YoY Change
Other Investing Activities -$3.100M -$9.200M -$18.40M
YoY Change 287.5% -313.95% 6033.33%
Cash From Investing Activities -$55.00M -$47.30M -$54.90M
YoY Change -10.42% 38.3% 54.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -160.4M -76.50M -22.30M
YoY Change 174.19% 62.77% -48.14%
NET CHANGE
Cash From Operating Activities 129.7M 110.5M 80.70M
Cash From Investing Activities -55.00M -47.30M -54.90M
Cash From Financing Activities -160.4M -76.50M -22.30M
Net Change In Cash -85.70M -13.30M 3.500M
YoY Change -679.05% -167.51% 105.88%
FREE CASH FLOW
Cash From Operating Activities $129.7M $110.5M $80.70M
Capital Expenditures -$52.00M -$38.10M -$36.50M
Free Cash Flow $181.7M $148.6M $117.2M
YoY Change -7.01% 6.75% 1.3%

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DeferredIncomeTaxExpenseBenefit
-24722000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
31274000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
23965000 USD
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
22187000 USD
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
18794000 USD
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-924000 USD
CY2018 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2582000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-760000 USD
CY2019 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
1370000 USD
CY2018 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-14547000 USD
CY2017 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-86574000 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
58356000 USD
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
18397000 USD
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-32229000 USD
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
13242000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
48486000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
37731000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
48140000 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14617000 USD
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5178000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12829000 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7371000 USD
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1244000 USD
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2324000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
21244000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
563000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6884000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
59127000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-15555000 USD
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-5442000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
539505000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
457632000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
424086000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
189715000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
165457000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
172901000 USD
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5567000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2094000 USD
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4846000 USD
CY2019 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
2478000 USD
CY2018 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
8888000 USD
CY2017 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
135713000 USD
CY2019 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
4955000 USD
CY2018 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2017 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
6356000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13313000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
46271000 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
65557000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
13286000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3083000 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-213224000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-203829000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
282918000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
97509000 USD
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
112503000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
248841000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
102929000 USD
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
93193000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-104255000 USD
CY2019 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
CY2018 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
CY2017 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
293730000 USD
CY2019 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
85000000 USD
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
222500000 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
172500000 USD
CY2019 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-27087000 USD
CY2018 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
29065000 USD
CY2017 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-196613000 USD
CY2019 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
488000 USD
CY2018 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2029000 USD
CY2017 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1073000 USD
CY2019 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
1327000 USD
CY2018 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
2064000 USD
CY2017 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
9918000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
81494000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
65485000 USD
CY2019 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
0 USD
CY2018 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
0 USD
CY2017 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
5022000 USD
CY2019 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
13107000 USD
CY2018 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
9758000 USD
CY2017 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
4955000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-294792000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-356184000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-267099000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-12390000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
20997000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-18655000 USD
CY2019 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
19099000 USD
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-81384000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
34077000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
201534000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
282918000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
220633000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
201534000 USD
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
100000 shares
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
15000 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3038892000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
110631000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-172543000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
97509000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
23826000 USD
CY2017 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
-352000 USD
CY2017 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
530000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
93193000 USD
CY2017 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-249000 USD
CY2017Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
100000 shares
CY2017Q1 us-gaap Preferred Stock Value
PreferredStockValue
15000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2810033000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
291622000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
252387000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
65485000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
32470000 USD
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
102929000 USD
CY2018 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-798000 USD
CY2018Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
100000 shares
CY2018Q1 us-gaap Preferred Stock Value
PreferredStockValue
15000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3217300000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
305076000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-169493000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
81494000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
36941000 USD
CY2019 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
-5637000 USD
CY2019 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
112503000 USD
CY2019 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-4377000 USD
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3185798000 USD
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:8px;padding-top:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates.</span><span style="font-family:inherit;font-size:10pt;"> We make certain estimates and assumptions when preparing financial statements according to U.S. GAAP that affect the reported amounts of assets and liabilities at the financial statement dates and the reported amounts of revenues and expenses during the periods presented. These estimates and assumptions involve judgments with respect to many factors that are difficult to predict and are beyond our control. Actual results could be materially different from these estimates. We revise the estimates and assumptions as new information becomes available.</span></div>
CY2019 us-gaap Interest Paid
InterestPaid
44118000 USD
CY2018 us-gaap Interest Paid
InterestPaid
48663000 USD
CY2017 us-gaap Interest Paid
InterestPaid
42797000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
64668000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
85629000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
78009000 USD
CY2019 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
2189000 USD
CY2018 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
7747000 USD
CY2017 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
2002000 USD
CY2019Q1 us-gaap Assets
Assets
5073071000 USD
CY2019Q1 us-gaap Liabilities
Liabilities
1887273000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3185798000 USD
CY2019 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
30169000 USD
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
900000000 USD
CY2019Q1 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.252
CY2018Q1 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.260
CY2019Q1 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
16757000 USD
CY2018Q1 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
17280000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
495000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
528000 USD
CY2019 us-gaap Interest Costs Incurred
InterestCostsIncurred
45015000 USD
CY2018 us-gaap Interest Costs Incurred
InterestCostsIncurred
50629000 USD
CY2017 us-gaap Interest Costs Incurred
InterestCostsIncurred
44520000 USD
CY2019 ste Medical Device Excise Tax Rate
MedicalDeviceExciseTaxRate
0.023
CY2018 us-gaap Goodwill Transfers
GoodwillTransfers
0 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
10691000 USD
CY2018 us-gaap Advertising Expense
AdvertisingExpense
10886000 USD
CY2017 us-gaap Advertising Expense
AdvertisingExpense
12622000 USD
CY2018Q1 us-gaap Goodwill
Goodwill
2433784000 USD
CY2019Q1 us-gaap Goodwill
Goodwill
2322928000 USD
CY2019 us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
RestructuringAndRelatedCostExpectedNumberOfPositionsEliminated
200
CY2019 us-gaap Restructuring Charges
RestructuringCharges
40708000 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
40708000 USD
CY2018Q1 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
CY2019 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
10481000 USD
CY2019 us-gaap Increase Decrease In Restructuring Reserve
IncreaseDecreaseInRestructuringReserve
4350000 USD
CY2019Q1 us-gaap Restructuring Reserve
RestructuringReserve
6131000 USD
CY2017Q1 us-gaap Goodwill
Goodwill
2231303000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
973357000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
368743000 USD
CY2018Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1032907000 USD
CY2018Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
305927000 USD
CY2019Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
13000000 USD
CY2018Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
35266000 USD
CY2018Q4 us-gaap Asset Impairment Charges
AssetImpairmentCharges
16249000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
98747000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
70195000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
68607000 USD
CY2018Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
151360000 USD
CY2019Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
133689000 USD
CY2018Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
83741000 USD
CY2019Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
30694000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
71917000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
66716000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
63853000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
58412000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
52452000 USD
CY2019Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
83009000 USD
CY2018Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
34904000 USD
CY2019Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
131051000 USD
CY2018Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
124005000 USD
CY2019Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
16757000 USD
CY2018Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
17280000 USD
CY2019Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
19754000 USD
CY2018Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
19639000 USD
CY2019Q1 us-gaap Inventory Net
InventoryNet
208243000 USD
CY2018Q1 us-gaap Inventory Net
InventoryNet
205731000 USD
CY2019Q1 us-gaap Land
Land
63522000 USD
CY2018Q1 us-gaap Land
Land
55417000 USD
CY2019Q1 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
483080000 USD
CY2018Q1 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
458440000 USD
CY2019Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
480359000 USD
CY2018Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
467063000 USD
CY2019Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
656956000 USD
CY2018Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
631623000 USD
CY2019Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
169711000 USD
CY2018Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
87745000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1987317000 USD
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1851648000 USD
CY2019Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
955735000 USD
CY2018Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
841124000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1031582000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1010524000 USD
CY2019 us-gaap Depreciation
Depreciation
127174000 USD
CY2018 us-gaap Depreciation
Depreciation
108137000 USD
CY2017 us-gaap Depreciation
Depreciation
119536000 USD
CY2019 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
30319000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
30474000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
32740000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
24008000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
18567000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
13917000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
11929000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
93939000 USD
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
162360000 USD
CY2017Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
9953000 USD
CY2018 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
89000 USD
CY2018 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
352000 USD
CY2018 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1198000 USD
CY2018 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
751000 USD
CY2018Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
11639000 USD
CY2019 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
1033000 USD
CY2019 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
385000 USD
CY2019 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
-671000 USD
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CY2018Q1 us-gaap Debt Instrument Face Amount
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3619000 USD
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3395000 USD
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CY2018Q1 us-gaap Long Term Debt
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CY2019Q1 us-gaap Line Of Credit
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CY2015Q2 us-gaap Senior Notes
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0 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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35033000 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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0 USD
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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392846000 USD
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CY2018Q1 us-gaap Deferred Revenue
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3221000 USD
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13515000 USD
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7349000 USD
CY2019Q1 ste Accrued Dealerand Distributor Commissions
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15283000 USD
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108600000 USD
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40194000 USD
CY2018Q1 us-gaap Accrued Bonuses Current And Noncurrent
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31716000 USD
CY2019Q1 us-gaap Accrued Liabilities For Commissions Expense And Taxes
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17854000 USD
CY2018Q1 us-gaap Accrued Liabilities For Commissions Expense And Taxes
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17168000 USD
CY2019Q1 us-gaap Other Postretirement Benefits Payable Current And Noncurrent
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1633000 USD
CY2018Q1 us-gaap Other Postretirement Benefits Payable Current And Noncurrent
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1906000 USD
CY2019Q1 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current And Noncurrent
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1935000 USD
CY2018Q1 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current And Noncurrent
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1929000 USD
CY2019Q1 us-gaap Employee Related Liabilities Current
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109058000 USD
CY2018Q1 ste Accrued Dealerand Distributor Commissions
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16121000 USD
CY2019Q1 us-gaap Product Warranty Accrual
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7194000 USD
CY2018Q1 us-gaap Product Warranty Accrual
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6872000 USD
CY2019Q1 us-gaap Asset Retirement Obligation Current
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2656000 USD
CY2018Q1 us-gaap Asset Retirement Obligation Current
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CY2018Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
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CY2019Q1 us-gaap Accrued Liabilities Current And Noncurrent
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CY2018Q1 us-gaap Accrued Liabilities Current And Noncurrent
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168217000 USD
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14445000 USD
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CY2018Q1 us-gaap Other Postretirement Benefits Payable Noncurrent
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12194000 USD
CY2019Q1 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
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16168000 USD
CY2018Q1 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
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18922000 USD
CY2019Q1 us-gaap Asset Retirement Obligations Noncurrent
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9730000 USD
CY2018Q1 us-gaap Asset Retirement Obligations Noncurrent
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9841000 USD
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CY2018Q1 us-gaap Other Liabilities
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CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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11837000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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369470000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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354982000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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CY2017 us-gaap Current State And Local Tax Expense Benefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
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CY2018 us-gaap Current Federal Tax Expense Benefit
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CY2017 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Income Tax Expense Benefit
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CY2018 us-gaap Current Income Tax Expense Benefit
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CY2017 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Increase Decrease In Deferred Income Taxes
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CY2018 us-gaap Increase Decrease In Deferred Income Taxes
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CY2017 us-gaap Increase Decrease In Deferred Income Taxes
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CY2018 us-gaap Income Tax Expense Benefit
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CY2017 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
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CY2017 ste Effective Tax Rate Reconciliationacquisitionsanddivestitures
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0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2019 ste Effective Tax Rate Reconciliation Uk Tax Rate Differential
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0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2019 ste Increasedecreasein Valuation Allowances
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CY2018 ste Increasedecreasein Valuation Allowances
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CY2017 ste Increasedecreasein Valuation Allowances
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Research
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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0.028
CY2019 ste Effective Tax Reconciliationdeferredtaxassetsandliabilities
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CY2019 ste Changein Effective Income Tax Us Transitiontax
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CY2018 ste Changein Effective Income Tax Us Transitiontax
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CY2017 ste Changein Effective Income Tax Us Transitiontax
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CY2019 ste U.S.Taxreformimpact Gilt Iand Fdii
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CY2019 ste Effective Tax Rate Reconciliationacquisitionsanddivestitures
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CY2018 ste Effective Tax Rate Reconciliationacquisitionsanddivestitures
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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CY2017 us-gaap Effective Income Tax Rate Continuing Operations
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CY2018Q1 us-gaap Unrecognized Tax Benefits
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2500000 USD
CY2017Q1 us-gaap Unrecognized Tax Benefits
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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178000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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356000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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186000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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0 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
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178000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Foreign Currency Translation
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260000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits
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2314000 USD
CY2018Q1 us-gaap Unrecognized Tax Benefits
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2500000 USD
CY2019Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
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360000 USD
CY2018Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
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295000 USD
CY2019Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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2674000 USD
CY2019Q1 ste Uncertain Tax Liability Resultingfrom Irs Notice
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CY2019Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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3142000 USD
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3505000 USD
CY2019Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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5795000 USD
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3187000 USD
CY2018Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Self Insurance
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3417000 USD
CY2019Q1 us-gaap Deferred Tax Assets Deferred Income
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1386000 USD
CY2018Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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1426000 USD
CY2019Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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3364000 USD
CY2018Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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5247000 USD
CY2019Q1 us-gaap Deferred Tax Assets Other
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CY2018Q1 us-gaap Deferred Tax Assets Other
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1668000 USD
CY2019Q1 us-gaap Deferred Tax Assets Gross Current
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64623000 USD
CY2018Q1 us-gaap Deferred Tax Assets Gross Current
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64241000 USD
CY2019Q1 us-gaap Deferred Tax Assets Valuation Allowance
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13478000 USD
CY2018Q1 us-gaap Deferred Tax Assets Valuation Allowance
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13596000 USD
CY2019Q1 us-gaap Deferred Tax Assets Net
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51145000 USD
CY2018Q1 us-gaap Deferred Tax Assets Net
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50645000 USD
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CY2018Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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61171000 USD
CY2019Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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128479000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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140398000 USD
CY2019Q1 us-gaap Deferred Tax And Other Liabilities Noncurrent
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2197000 USD
CY2018Q1 us-gaap Deferred Tax And Other Liabilities Noncurrent
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2774000 USD
CY2019Q1 us-gaap Deferred Tax Liabilities
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191736000 USD
CY2018Q1 us-gaap Deferred Tax Liabilities
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204343000 USD
CY2019Q1 us-gaap Deferred Tax Assets Liabilities Net
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140591000 USD
CY2018Q1 us-gaap Deferred Tax Assets Liabilities Net
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153698000 USD
CY2019Q1 us-gaap Operating Loss Carryforwards
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13665000 USD
CY2019Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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46595000 USD
CY2019Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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2602000 USD
CY2019Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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1379000 USD
CY2019Q1 us-gaap Deferred Tax Assets Valuation Allowance
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13478000 USD
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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118000 USD
CY2019Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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1300000000 USD
CY2008Q3 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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46001000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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15326000 USD
CY2019Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
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10833000 USD
CY2019Q1 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
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CY2018Q1 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
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CY2017Q1 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
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0.045
CY2019 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
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<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We are, and will likely continue to be, involved in a number of legal proceedings, government investigations, and claims, which we believe generally arise in the course of our business, given our size, history, complexity, and the nature of our business, products, Customers, regulatory environment, and industries in which we participate. These legal proceedings, investigations and claims generally involve a variety of legal theories and allegations, including, without limitation, personal injury (e.g., slip and falls, burns, vehicle accidents), product liability or regulation (e.g., based on product operation or claimed malfunction, failure to warn, failure to meet specification, or failure to comply with regulatory requirements), product exposure (e.g., claimed exposure to chemicals, asbestos, contaminants, radiation), property damage (e.g., claimed damage due to leaking equipment, fire, vehicles, chemicals), commercial claims (e.g., breach of contract, economic loss, warranty, misrepresentation), financial (e.g., taxes, reporting), employment (e.g., wrongful termination, discrimination, benefits matters), and other claims for damage and relief.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We believe we have adequately reserved for our current litigation and claims that are probable and estimable, and further believe that the ultimate outcome of these pending lawsuits and claims will not have a material adverse effect on our consolidated financial position or results of operations taken as a whole. Due to their inherent uncertainty, however, there can be no assurance of the ultimate outcome or effect of current or future litigation, investigations, claims or other proceedings (including without limitation the matters discussed below). For certain types of claims, we presently maintain insurance coverage for personal injury and property damage and other liability coverages in amounts and with deductibles that we believe are prudent, but there can be no assurance that these coverages will be applicable or adequate to cover adverse outcomes of claims or legal proceedings against us.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On May 31, 2012, our Albert Browne Limited subsidiary received a warning letter from the FDA regarding chemical indicators manufactured in the United Kingdom. These devices are intended for the monitoring of certain sterilization and other processes. The FDA warning letter states that the agency has concerns regarding operational business processes. We do not believe that the FDA's concerns are related to product performance, or that they result from Customer complaints. We have reviewed our processes with the agency and finalized our remediation measures, and are awaiting FDA reinspection. We do not currently believe that the impact of this event will have a material adverse effect on our financial results.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Civil, criminal, regulatory or other proceedings involving our products or services could possibly result in judgments, settlements or administrative or judicial decrees requiring us, among other actions, to pay damages or fines or effect recalls, or be subject to other governmental, Customer or other third party claims or remedies, which could materially effect our business, performance, prospects, value, financial condition, and results of operations.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">For additional information regarding these matters, see the risks and uncertainties described under the title "product related regulations and claims" in Item 1A. of this Annual Report on Form 10-K.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">From time to time, STERIS is also involved in legal proceedings as a plaintiff involving contract, patent protection, and other claims asserted by us. Gains, if any, from these proceedings are recognized when they are realized.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We are subject to taxation from United States federal, state and local, and foreign jurisdictions. Tax positions are settled primarily through the completion of audits within each individual jurisdiction or the closing of statutes of limitation. Changes in applicable tax law or other events may also require us to revise past estimates. We describe income taxes further in </span><span style="font-family:inherit;font-size:10pt;">Note 8</span><span style="font-family:inherit;font-size:10pt;"> to our consolidated financial statements titled, “Income Taxes” in this Annual Report on Form 10-K.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Additional information regarding our contingencies is included in Item 7 of Part II titled, “Management’s Discussion and Analysis of Financial Conditions and Results of Operations under "Contingencies".</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;">, our commercial commitments totaled </span><span style="font-family:inherit;font-size:10pt;"><span>$73,765</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$66,992</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. Commercial commitments include standby letters of credit, letters of credit required as security under our self-insured risk retention policies, and other potential cash outflows resulting from an event that requires payment by us. Approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$7,794</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$7,694</span></span><span style="font-family:inherit;font-size:10pt;"> of the </span><span style="font-family:inherit;font-size:10pt;">March 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;"> totals, respectively, relate to letters of credit required as security under our self-insured risk retention policies.</span></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">As of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, we had minimum purchase commitments with suppliers for raw material purchases totaling </span><span style="font-family:inherit;font-size:10pt;"><span>$96,087</span></span><span style="font-family:inherit;font-size:10pt;">. As of </span><span style="font-family:inherit;font-size:10pt;">March 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, we also had commitments of </span><span style="font-family:inherit;font-size:10pt;"><span>$82,040</span></span><span style="font-family:inherit;font-size:10pt;"> for long term construction contracts.</span></div>
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