2022 Q2 Form 10-Q Financial Statement

#000162828022012528 Filed on May 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q2
Revenue $420.9M $427.8M
YoY Change -1.61% -32.2%
Cost Of Revenue $353.4M $346.7M
YoY Change 1.93% -21.12%
Gross Profit $67.57M $81.15M
YoY Change -16.74% -57.62%
Gross Profit Margin 16.05% 18.97%
Selling, General & Admin $51.92M $51.60M
YoY Change 0.63% -22.41%
% of Gross Profit 76.85% 63.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.48M $55.57M
YoY Change -9.16% 4.17%
% of Gross Profit 74.71% 68.48%
Operating Expenses $103.1M $107.9M
YoY Change -4.43% -10.38%
Operating Profit -$34.30M -$25.06M
YoY Change 36.86% -125.04%
Interest Expense $20.15M $24.19M
YoY Change -16.69% -5.55%
% of Operating Profit
Other Income/Expense, Net $696.0K $4.889M
YoY Change -85.76% 202.54%
Pretax Income -$39.54M -$28.69M
YoY Change 37.84% -137.71%
Income Tax -$4.700M -$5.400M
% Of Pretax Income
Net Earnings -$34.80M -$23.25M
YoY Change 49.71% -139.47%
Net Earnings / Revenue -8.27% -5.43%
Basic Earnings Per Share
Diluted Earnings Per Share -$288.3K -$194.5K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q2 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $287.4M $359.7M
YoY Change -20.1% 41.95%
Cash & Equivalents $287.4M $359.7M
Short-Term Investments
Other Short-Term Assets $14.31M $20.58M
YoY Change -30.48% 69.12%
Inventory $187.0M $210.9M
Prepaid Expenses
Receivables $239.8M $250.1M
Other Receivables $0.00 $1.600M
Total Short-Term Assets $777.8M $858.4M
YoY Change -9.39% 4.43%
LONG-TERM ASSETS
Property, Plant & Equipment $1.795B $1.926B
YoY Change -6.78% 8.04%
Goodwill $1.146B $1.201B
YoY Change -4.59% 0.37%
Intangibles $71.49M
YoY Change 84.99%
Long-Term Investments
YoY Change
Other Assets $43.20M $53.43M
YoY Change -19.15% 7.92%
Total Long-Term Assets $3.365B $3.493B
YoY Change -3.65% 6.19%
TOTAL ASSETS
Total Short-Term Assets $777.8M $858.4M
Total Long-Term Assets $3.365B $3.493B
Total Assets $4.143B $4.351B
YoY Change -4.78% 5.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $146.3M $150.2M
YoY Change -2.63% 8.61%
Accrued Expenses $113.6M $130.3M
YoY Change -12.87% -5.55%
Deferred Revenue $6.734M $13.93M
YoY Change -51.66% 10.94%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.354M $6.354M
YoY Change 0.0% -19.99%
Total Short-Term Liabilities $305.1M $321.7M
YoY Change -5.17% -4.45%
LONG-TERM LIABILITIES
Long-Term Debt $1.601B $1.908B
YoY Change -16.05% 2.48%
Other Long-Term Liabilities $121.1M $144.4M
YoY Change -16.11% 45.75%
Total Long-Term Liabilities $1.723B $2.052B
YoY Change -16.05% 4.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $305.1M $321.7M
Total Long-Term Liabilities $1.723B $2.052B
Total Liabilities $2.397B $2.737B
YoY Change -12.42% 3.3%
SHAREHOLDERS EQUITY
Retained Earnings $397.2M $304.3M
YoY Change 30.54% 51.45%
Common Stock $1.331B $1.289B
YoY Change 3.2% 3.63%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.737B $1.602B
YoY Change
Total Liabilities & Shareholders Equity $4.143B $4.351B
YoY Change -4.78% 5.84%

Cashflow Statement

Concept 2022 Q2 2021 Q2
OPERATING ACTIVITIES
Net Income -$34.80M -$23.25M
YoY Change 49.71% -139.47%
Depreciation, Depletion And Amortization $50.48M $55.57M
YoY Change -9.16% 4.17%
Cash From Operating Activities -$16.71M -$21.32M
YoY Change -21.6% -121.19%
INVESTING ACTIVITIES
Capital Expenditures $57.77M $69.76M
YoY Change -17.18% -258.9%
Acquisitions $0.00
YoY Change
Other Investing Activities $857.0K $483.0K
YoY Change 77.43% -84.91%
Cash From Investing Activities -$9.371M -$34.50M
YoY Change -72.84% -15.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $47.51M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$67.66M -$2.762M
YoY Change 2349.75% -54.72%
NET CHANGE
Cash From Operating Activities -$16.71M -$21.32M
Cash From Investing Activities -$9.371M -$34.50M
Cash From Financing Activities -$67.66M -$2.762M
Net Change In Cash -$93.57M -$58.44M
YoY Change 60.11% -208.42%
FREE CASH FLOW
Cash From Operating Activities -$16.71M -$21.32M
Capital Expenditures $57.77M $69.76M
Free Cash Flow -$74.49M -$91.08M
YoY Change -18.21% -163.03%

Facts In Submission

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51642000 USD
CY2022Q2 sum Depreciation Depletion Amortization And Accretion
DepreciationDepletionAmortizationAndAccretion
51193000 USD
CY2021Q2 sum Depreciation Depletion Amortization And Accretion
DepreciationDepletionAmortizationAndAccretion
56336000 USD
CY2022Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1255000 USD
CY2021Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1769000 USD
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-34295000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-25059000 USD
CY2022Q2 us-gaap Interest Expense
InterestExpense
20149000 USD
CY2021Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
15668000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
24186000 USD
CY2022Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
14205000 USD
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
696000 USD
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4889000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-39543000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-28688000 USD
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4743000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5443000 USD
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-34800000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-23245000 USD
CY2022Q2 sum Net Income Loss Attributable To Noncontrolling Interest Excluding Portion Attributable To Noncontrolling Interest Of Wholly Owned Indirect Subsidiary Of Registrant
NetIncomeLossAttributableToNoncontrollingInterestExcludingPortionAttributableToNoncontrollingInterestOfWhollyOwnedIndirectSubsidiaryOfRegistrant
-508000 USD
CY2021Q2 sum Net Income Loss Attributable To Noncontrolling Interest Excluding Portion Attributable To Noncontrolling Interest Of Wholly Owned Indirect Subsidiary Of Registrant
NetIncomeLossAttributableToNoncontrollingInterestExcludingPortionAttributableToNoncontrollingInterestOfWhollyOwnedIndirectSubsidiaryOfRegistrant
-728000 USD
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-34292000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22517000 USD
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-34800000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-23245000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
1744000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
2126000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
419000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
446000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1325000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1680000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-33475000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-21565000 USD
CY2022Q2 sum Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Excluding Portion Attributable To Noncontrolling Interest Of Wholly Owned Indirect Subsidiary Of Registrant
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestExcludingPortionAttributableToNoncontrollingInterestOfWhollyOwnedIndirectSubsidiaryOfRegistrant
-489000 USD
CY2021Q2 sum Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interest Excluding Portion Attributable To Noncontrolling Interest Of Wholly Owned Indirect Subsidiary Of Registrant
ComprehensiveIncomeLossNetOfTaxAttributableToNoncontrollingInterestExcludingPortionAttributableToNoncontrollingInterestOfWhollyOwnedIndirectSubsidiaryOfRegistrant
-683000 USD
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-32986000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-20882000 USD
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-34800000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-23245000 USD
CY2022Q2 sum Depreciation Depletion Amortization And Accretion On Asset Retirement Obligation
DepreciationDepletionAmortizationAndAccretionOnAssetRetirementObligation
54838000 USD
CY2021Q2 sum Depreciation Depletion Amortization And Accretion On Asset Retirement Obligation
DepreciationDepletionAmortizationAndAccretionOnAssetRetirementObligation
59107000 USD
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
5422000 USD
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
5363000 USD
CY2022Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
15660000 USD
CY2021Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
15964000 USD
CY2022Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-7770000 USD
CY2021Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-10145000 USD
CY2022Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
221000 USD
CY2021Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-483000 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-35836000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4946000 USD
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
36752000 USD
CY2021Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15412000 USD
CY2022Q2 sum Contract With Customer Asset Cumulative Catchup Adjustment To Revenue Change In Revenue Billed Contract Price Or Estimates
ContractWithCustomerAssetCumulativeCatchupAdjustmentToRevenueChangeInRevenueBilledContractPriceOrEstimates
6449000 USD
CY2021Q2 sum Contract With Customer Asset Cumulative Catchup Adjustment To Revenue Change In Revenue Billed Contract Price Or Estimates
ContractWithCustomerAssetCumulativeCatchupAdjustmentToRevenueChangeInRevenueBilledContractPriceOrEstimates
8442000 USD
CY2022Q2 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1891000 USD
CY2021Q2 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
9209000 USD
CY2022Q2 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-1183000 USD
CY2021Q2 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-2504000 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16744000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
14518000 USD
CY2022Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-25946000 USD
CY2021Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-24130000 USD
CY2022Q2 sum Contract With Customer Liability Cumulative Catchup Adjustment To Revenue Change In Revenue Billed Contract Price Or Cost Estimates
ContractWithCustomerLiabilityCumulativeCatchupAdjustmentToRevenueChangeInRevenueBilledContractPriceOrCostEstimates
317000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-16713000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21318000 USD
CY2021Q2 sum Contract With Customer Liability Cumulative Catchup Adjustment To Revenue Change In Revenue Billed Contract Price Or Cost Estimates
ContractWithCustomerLiabilityCumulativeCatchupAdjustmentToRevenueChangeInRevenueBilledContractPriceOrCostEstimates
-2578000 USD
CY2022Q2 sum Increase Decrease In Tax Receivable Agreement Liability
IncreaseDecreaseInTaxReceivableAgreementLiability
0 USD
CY2021Q2 sum Increase Decrease In Tax Receivable Agreement Liability
IncreaseDecreaseInTaxReceivableAgreementLiability
4152000 USD
CY2022Q2 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1564000 USD
CY2021Q2 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3266000 USD
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
57774000 USD
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
69757000 USD
CY2022Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1439000 USD
CY2021Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2663000 USD
CY2022Q2 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
47821000 USD
CY2021Q2 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
33077000 USD
CY2022Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
857000 USD
CY2021Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
483000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9371000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-34500000 USD
CY2022Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
7603000 USD
CY2021Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
10170000 USD
CY2022Q2 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
11397000 USD
CY2021Q2 us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
8096000 USD
CY2022Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
47509000 USD
CY2021Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2022Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
27000 USD
CY2021Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
15920000 USD
CY2022Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1180000 USD
CY2021Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-416000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-67662000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2762000 USD
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
177000 USD
CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
140000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-93569000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-58440000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
380961000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
418181000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
287392000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
359741000 USD
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1823212000 USD
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-34800000 USD
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1325000 USD
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
27000 USD
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5422000 USD
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
47509000 USD
CY2022Q2 sum Other Equity Activity Value
OtherEquityActivityValue
-1180000 USD
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1746497000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1616268000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-23245000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1680000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
15920000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5363000 USD
CY2021Q2 sum Other Equity Activity Value
OtherEquityActivityValue
-1426000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1614560000 USD
CY2022Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q2 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—Preparation of these consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions. These estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures about contingent assets and liabilities and reported amounts of revenue and expenses. Such estimates include the valuation of accounts receivable, inventories, valuation of deferred tax assets, goodwill, intangibles and other long-lived assets, tax receivable agreement ("TRA") liability, pension and other postretirement obligations and asset retirement obligations. Estimates also include revenue earned on contracts and costs to complete contracts. Most of the Company’s paving and related services are performed under fixed unit-price contracts with state and local governmental entities. Management regularly evaluates its estimates and assumptions based on historical experience and other factors, including the current economic environment. As future events and their effects cannot be determined with precision, actual results can differ significantly from estimates made. Changes in estimates, including those resulting from continuing changes in the economic environment, are reflected in the Company’s consolidated financial statements when the change in estimate occurs.</span>
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
26892000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
8808000 USD
CY2022Q2 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Business and Credit Concentrations—</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s operations are conducted primarily across 21 U.S. states and in British Columbia, Canada, with the most significant revenue generated in Texas, Utah, Kansas and Missouri. The Company’s accounts receivable consist primarily of amounts due from customers within these areas. Therefore, collection of these accounts is dependent on the economic conditions in the aforementioned states, as well as specific situations affecting individual customers. Credit granted within the Company’s trade areas has been granted to many customers, and management does not believe that a significant concentration of credit exists with respect to any individual customer or group of customers. No single customer accounted for more than 10% of the Company’s total revenue in the three months ended April 2, 2022 or April 3, 2021.</span>
CY2022Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
21 state
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2101000 USD
CY2022Q2 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Prior Period Reclassifications —</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> We reclassified $1.2 million of other current assets to current assets held for sale for the year ended January 1, 2022 to be consistent with the current year presentation.</span>
CY2022Q1 us-gaap Goodwill
Goodwill
1163750000 USD
CY2022Q2 sum Goodwill Disposed During Period
GoodwillDisposedDuringPeriod
12036000 USD
CY2022Q2 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
621000 USD
CY2022Q2 sum Goodwill Allocated To Assets Held For Sale
GoodwillAllocatedToAssetsHeldForSale
6059000 USD
CY2022Q2 us-gaap Goodwill
Goodwill
1146276000 USD
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
33951000 USD
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
900000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1000000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2830000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3780000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3754000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3710000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3661000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
3649000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
45631000 USD
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
67015000 USD
CY2022Q2 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
47800000 USD
CY2022Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
14200000 USD
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
420947000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
427844000 USD
CY2022Q2 sum Trade Accounts Receivable
TradeAccountsReceivable
217435000 USD
CY2022Q1 sum Trade Accounts Receivable
TradeAccountsReceivable
230714000 USD
CY2022Q2 us-gaap Billed Contract Receivables
BilledContractReceivables
16243000 USD
CY2022Q1 us-gaap Billed Contract Receivables
BilledContractReceivables
47054000 USD
CY2022Q2 sum Retention Receivables
RetentionReceivables
10354000 USD
CY2022Q1 sum Retention Receivables
RetentionReceivables
13094000 USD
CY2022Q2 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
0 USD
CY2022Q1 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
292000 USD
CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
244032000 USD
CY2022Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
291154000 USD
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4193000 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3928000 USD
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
239839000 USD
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
287226000 USD
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
24791000 USD
CY2022Q2 us-gaap Inventory Ore Stockpiles On Leach Pads
InventoryOreStockpilesOnLeachPads
123981000 USD
CY2022Q1 us-gaap Inventory Ore Stockpiles On Leach Pads
InventoryOreStockpilesOnLeachPads
130640000 USD
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
37882000 USD
CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
22690000 USD
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
6974000 USD
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
8277000 USD
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
18172000 USD
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
19153000 USD
CY2022Q2 us-gaap Inventory Net
InventoryNet
187009000 USD
CY2022Q1 us-gaap Inventory Net
InventoryNet
180760000 USD
CY2022Q2 us-gaap Interest Payable Current
InterestPayableCurrent
9063000 USD
CY2022Q1 us-gaap Interest Payable Current
InterestPayableCurrent
22762000 USD
CY2022Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
24556000 USD
CY2022Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
38894000 USD
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
14234000 USD
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
17624000 USD
CY2022Q2 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
20993000 USD
CY2022Q1 us-gaap Accrued Insurance Current
AccruedInsuranceCurrent
20480000 USD
CY2022Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
22737000 USD
CY2022Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
19409000 USD
CY2022Q2 sum Accrued Asset Purchase Payments Current
AccruedAssetPurchasePaymentsCurrent
3515000 USD
CY2022Q1 sum Accrued Asset Purchase Payments Current
AccruedAssetPurchasePaymentsCurrent
4912000 USD
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1690000 USD
CY2022Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1524000 USD
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
16781000 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
21871000 USD
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
113569000 USD
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
147476000 USD
CY2022Q2 sum Asset Retirement Obligation Expected Cost
AssetRetirementObligationExpectedCost
107600000 USD
CY2022Q1 sum Asset Retirement Obligation Expected Cost
AssetRetirementObligationExpectedCost
112400000 USD
CY2022Q2 sum Purchase Commitment Terms
PurchaseCommitmentTerms
P1Y
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
1607767000 USD
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
1609298000 USD
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
6354000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
6354000 USD
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1601413000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1602944000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
4765000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
6353000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
597254000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
300000000 USD
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
700000000 USD
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1608372000 USD
CY2022Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
605000 USD
CY2022Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
11363000 USD
CY2022Q2 sum Long Term Debt Net
LongTermDebtNet
1596404000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
13049000 USD
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
692000 USD
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12357000 USD
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
18367000 USD
CY2021Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
836000 USD
CY2021Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
17531000 USD
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4700000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5400000 USD
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1700000 USD
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1700000 USD
CY2022Q2 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 USD
CY2021Q2 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 USD
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-34292000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22517000 USD
CY2022Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-34292000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-22517000 USD
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1306000 USD
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1635000 USD
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
2928000 USD
CY2022Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
372000 USD
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
31789000 USD
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
29476000 USD
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1542000 USD
CY2021Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2312000 USD
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
2455000 USD
CY2021Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
655000 USD
CY2022Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5949000 USD
CY2021Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
5834000 USD
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5416000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3081000 USD
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
248000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
588000 USD
CY2022Q2 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 USD
CY2021Q2 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
19784000 USD
CY2022Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2022Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
420947000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
427844000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-39543000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-28688000 USD
CY2022Q2 us-gaap Interest Expense
InterestExpense
20149000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
24186000 USD
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
50479000 USD
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
55570000 USD
CY2022Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
714000 USD
CY2022Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
14205000 USD
CY2021Q2 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
766000 USD
CY2021Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
15668000 USD
CY2022Q2 sum Non Cash Compensation Expense
NonCashCompensationExpense
5422000 USD
CY2021Q2 sum Non Cash Compensation Expense
NonCashCompensationExpense
5363000 USD
CY2022Q2 sum Miscellaneous Other Income Expense
MiscellaneousOtherIncomeExpense
-247000 USD
CY2021Q2 sum Miscellaneous Other Income Expense
MiscellaneousOtherIncomeExpense
-205000 USD
CY2022Q2 sum Adjusted Earnings Before Interest Income Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestIncomeTaxesDepreciationAndAmortization
23263000 USD
CY2021Q2 sum Adjusted Earnings Before Interest Income Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestIncomeTaxesDepreciationAndAmortization
41734000 USD
CY2022Q2 sum Adjusted Earnings Before Interest Income Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestIncomeTaxesDepreciationAndAmortization
23263000 USD
CY2021Q2 sum Adjusted Earnings Before Interest Income Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestIncomeTaxesDepreciationAndAmortization
41734000 USD
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
57774000 USD
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
69757000 USD
CY2022Q2 sum Depreciation Depletion Amortization And Accretion
DepreciationDepletionAmortizationAndAccretion
51193000 USD
CY2021Q2 sum Depreciation Depletion Amortization And Accretion
DepreciationDepletionAmortizationAndAccretion
56336000 USD
CY2022Q2 us-gaap Assets
Assets
4143245000 USD
CY2022Q1 us-gaap Assets
Assets
4239125000 USD

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