$SWBI
SMITH & WESSON BRANDS, INC.

2020 Q1 Form 10-Q Financial Statement

#000156459020008970 Filed on March 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q3
Revenue $166.7M $154.4M $123.7M
YoY Change 2.89% -4.52% -10.93%
Cost Of Revenue $91.70M $104.1M $75.81M
YoY Change -15.01% -1.17% -12.27%
Gross Profit $55.20M $50.31M $47.85M
YoY Change 2.12% -10.78% -8.71%
Gross Profit Margin 33.12% 32.58% 38.7%
Selling, General & Admin $25.10M $26.90M $43.48M
YoY Change -40.8% -35.65% 20.45%
% of Gross Profit 45.47% 53.47% 90.86%
Research & Development $3.192M $2.988M $3.229M
YoY Change -3.27% -8.09% 14.91%
% of Gross Profit 5.78% 5.94% 6.75%
Depreciation & Amortization $7.800M $2.200M $14.30M
YoY Change -42.65% -83.21% 10.85%
% of Gross Profit 14.13% 4.37% 29.88%
Operating Expenses $3.192M $45.42M $46.71M
YoY Change -94.31% 0.8% 19.94%
Operating Profit $52.01M $4.884M $1.143M
YoY Change -2658.34% -56.88% -91.52%
Interest Expense -$2.900M -$3.039M -$2.600M
YoY Change 13.81% 33.64% 29.94%
% of Operating Profit -5.58% -62.22% -227.47%
Other Income/Expense, Net $0.00 -$2.953M -$2.622M
YoY Change -100.0% 30.32% 29.87%
Pretax Income $5.900M $1.931M -$1.479M
YoY Change -231.11% -78.69% -112.91%
Income Tax $1.700M $638.0K $629.0K
% Of Pretax Income 28.81% 33.04%
Net Earnings $5.731M $1.293M -$2.108M
YoY Change -200.1% -80.6% -127.57%
Net Earnings / Revenue 3.44% 0.84% -1.7%
Basic Earnings Per Share $0.10 $0.02 -$0.04
Diluted Earnings Per Share $0.10 $0.02 -$0.04
COMMON SHARES
Basic Shares Outstanding 55.06M 54.91M 54.78M
Diluted Shares Outstanding 55.74M 55.42M 54.78M

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.10M $43.80M $30.70M
YoY Change 22.93% 20.33% 21.83%
Cash & Equivalents $46.15M $43.42M $30.73M
Short-Term Investments
Other Short-Term Assets $9.600M $8.900M $9.400M
YoY Change 26.32% 8.54% 1.08%
Inventory $201.5M $201.2M $195.4M
Prepaid Expenses
Receivables $101.8M $93.60M $70.24M
Other Receivables $4.800M $5.500M $2.200M
Total Short-Term Assets $363.8M $353.1M $307.9M
YoY Change 22.33% 23.94% 26.25%
LONG-TERM ASSETS
Property, Plant & Equipment $164.3M $170.3M $174.4M
YoY Change -11.45% -5.15% 0.9%
Goodwill $182.3M $182.3M $182.3M
YoY Change -4.98% -4.67%
Intangibles $78.35M $82.56M $87.11M
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.600M $10.10M $20.81M
YoY Change -8.57% -10.62% 80.94%
Total Long-Term Assets $444.3M $455.7M $464.5M
YoY Change -6.53% -5.98% -3.8%
TOTAL ASSETS
Total Short-Term Assets $363.8M $353.1M $307.9M
Total Long-Term Assets $444.3M $455.7M $464.5M
Total Assets $808.1M $808.8M $772.5M
YoY Change 4.57% 5.09% 6.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.80M $36.10M $29.55M
YoY Change -6.19% -5.99% -6.49%
Accrued Expenses $49.40M $51.30M $53.90M
YoY Change -18.62% -4.11% 1.13%
Deferred Revenue $7.103M $5.502M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $75.90M $80.70M
YoY Change -84.13% 1104.76% 1122.73%
Total Short-Term Liabilities $95.34M $170.2M $164.4M
YoY Change -5.89% 71.92% 75.13%
LONG-TERM LIABILITIES
Long-Term Debt $239.2M $168.2M $140.2M
YoY Change 7.99% -22.13% -25.43%
Other Long-Term Liabilities $13.48M $14.20M $15.09M
YoY Change 92.6% 102.86% 118.71%
Total Long-Term Liabilities $13.48M $182.4M $15.09M
YoY Change -94.1% -18.21% -92.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $95.34M $170.2M $164.4M
Total Long-Term Liabilities $13.48M $182.4M $15.09M
Total Liabilities $357.6M $362.2M $329.4M
YoY Change 4.91% 8.64% 9.73%
SHAREHOLDERS EQUITY
Retained Earnings $407.9M $400.8M
YoY Change
Common Stock $264.9M $264.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $222.4M $222.4M
YoY Change
Treasury Stock Shares $18.17M $18.17M
Shareholders Equity $450.5M $446.6M $443.1M
YoY Change
Total Liabilities & Shareholders Equity $808.1M $808.8M $772.5M
YoY Change 4.57% 5.09% 6.28%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q3
OPERATING ACTIVITIES
Net Income $5.731M $1.293M -$2.108M
YoY Change -200.1% -80.6% -127.57%
Depreciation, Depletion And Amortization $7.800M $2.200M $14.30M
YoY Change -42.65% -83.21% 10.85%
Cash From Operating Activities $10.10M -$5.800M -$29.14M
YoY Change -12.93% 286.67% -373.88%
INVESTING ACTIVITIES
Capital Expenditures -$2.300M -$4.700M $3.695M
YoY Change -64.62% -62.99% -46.6%
Acquisitions
YoY Change
Other Investing Activities -$700.0K -$800.0K $0.00
YoY Change -61.11% -166.67%
Cash From Investing Activities -$2.900M -$5.600M -$3.818M
YoY Change -65.06% -51.3% -46.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.575M
YoY Change -94.07%
Cash From Financing Activities -4.400M 24.10M 22.67M
YoY Change 91.3% -0.82% -183.5%
NET CHANGE
Cash From Operating Activities 10.10M -5.800M -29.14M
Cash From Investing Activities -2.900M -5.600M -3.818M
Cash From Financing Activities -4.400M 24.10M 22.67M
Net Change In Cash 2.800M 12.70M -10.28M
YoY Change 180.0% 12.39% -56.47%
FREE CASH FLOW
Cash From Operating Activities $10.10M -$5.800M -$29.14M
Capital Expenditures -$2.300M -$4.700M $3.695M
Free Cash Flow $12.40M -$1.100M -$32.83M
YoY Change -31.49% -109.82% -982.61%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
48860000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
46101000
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37470000
us-gaap Interest Paid Net
InterestPaidNet
8422000
us-gaap Interest Paid Net
InterestPaidNet
5554000
us-gaap Income Taxes Paid
IncomeTaxesPaid
5755000
us-gaap Income Taxes Paid
IncomeTaxesPaid
6885000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
436000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1606000
aobc Purchases Of Property And Equipment Funded By Capital Lease
PurchasesOfPropertyAndEquipmentFundedByCapitalLease
24271000
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
24271000
aobc Changes In Other Assets For Operating Lease Obligations
ChangesInOtherAssetsForOperatingLeaseObligations
11821000
aobc Changes In Lease Liabilities For Operating Lease Obligations
ChangesInLeaseLiabilitiesForOperatingLeaseObligations
12790000
us-gaap Nature Of Operations
NatureOfOperations
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(1) Organization: </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are a leading manufacturer, designer, and provider of consumer products for the shooting, hunting, and rugged outdoor enthusiast. We are one of the largest manufacturers of handguns, modern sporting rifles, and handcuffs in the United States and an active participant in the hunting rifle and suppressor markets. We are also a leading provider of shooting, hunting, and rugged outdoor products and accessories, including knives and cutting tools, sighting lasers, shooting supplies, tree saws, and survival gear. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In our Firearms segment, we manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, bolt action rifles, and muzzleloaders), handcuffs, suppressors, and other firearm-related products for sale to a wide variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. We sell our firearm products under the Smith &amp; Wesson, M&amp;P, Performance Center, Thompson/Center Arms, and Gemtech brands. We manufacture our firearm products at our facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut. We also sell our manufacturing services to other businesses to level-load our factories. We sell those services under our Smith &amp; Wesson and Smith &amp; Wesson Precision Components brands.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In our Outdoor Products &amp; Accessories segment, we design, source, distribute, and manufacture reloading, gunsmithing, and gun cleaning supplies; high-quality stainless steel cutting tools and accessories; flashlights; tree saws and related trimming accessories; shooting supplies, rests, and other related accessories; fishing accessories; apparel; vault accessories; laser grips and laser sights; and a full range of products for survival and emergency preparedness. We sell our products under the Caldwell, Crimson Trace, Wheeler, Tipton, Frankford Arsenal, Schrade, Imperial, Uncle Henry, BUBBA, UST, Lockdown, Hooyman, BOG, Old Timer, LaserLyte, and KeyGear brands. We also offer firearms and non-firearms accessories, such as flashlights and knives, under our brands in our firearms business, including Smith &amp; Wesson, M&amp;P, Performance Center, and Thompson/Center Arms. We develop and market our outdoor products and accessories at our facilities in Columbia, Missouri and Wilsonville, Oregon.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:4.54%;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:2pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On November 12, 2019, our Board of Directors approved proceeding with a plan to spin-off our outdoor products and accessories business as a tax-free stock dividend to our stockholders. Pending final approval of our Board of Directors, customary regulatory approvals, and tax and legal considerations, the spin-off is expected to be completed in the second half of calendar 2020 and would create two independent publicly traded companies: Smith &amp; Wesson Brands, Inc. (which would encompass our firearm business) and American Outdoor Brands, Inc. (which would encompass our outdoor products and accessories business). </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The purpose of the spin-off is to enable the management team of each company to focus on its specific strategies, including (1) structuring its business to take advantage of growth opportunities in its specific markets; (2) tailoring its business operation and financial model to its specific long-term strategies; and (3) aligning its external financial resources, such as stock, access to markets, credit, and insurance factors, with its particular type of business. In connection with the proposed spin-off, we expect to incur restructuring charges of approximately $9.0 million to $12.0 million relating to legal, regulatory, and financial services, reorganization and restructuring costs, and start-up costs for the new company beginning in our second quarter of fiscal 2020 and concluding in the second half of calendar 2020. For the nine months ended January 31, 2020, we have recorded approximately $1.2 million of costs associated with the spin-off, which was recorded to general and administrative expenses in the condensed consolidated statements of income/(loss).</p>
aobc Spin Off Transaction Related Activities Description
SpinOffTransactionRelatedActivitiesDescription
Pending final approval of our Board of Directors, customary regulatory approvals, and tax and legal considerations, the spin-off is expected to be completed in the second half of calendar 2020 and would create two independent publicly traded companies:
us-gaap Basis Of Accounting
BasisOfAccounting
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(2) Basis of Presentation: </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:4.54%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Interim Financial Information –<span style="font-style:normal;"> The condensed consolidated balance sheet as of January 31, 2020, the condensed consolidated statements of income/(loss) and comprehensive income/(loss) for the three and nine months ended January 31, 2020 and 2019, the condensed consolidated statement of changes in stockholders’ equity for the nine months ended January 31, 2020 and 2019, and the condensed consolidated statements of cash flows for the nine months ended January 31, 2020 and 2019 have been prepared by us without audit. In our opinion, all adjustments, which include only normal recurring adjustments necessary to fairly present the financial position, results of operations, changes in stockholders’ equity, and cash flows at January 31, 2020 and for the periods presented, have been included. All intercompany transactions have been eliminated in consolidation. The consolidated balance sheet as of April 30, 2019 has been derived from our audited consolidated financial statements. </span></p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States, or GAAP, have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended April 30, 2019. The results of operations for the nine months ended<span style="font-size:9pt;"> </span>January 31, 2020<span style="font-size:8pt;"> </span>may<span style="font-size:9pt;"> </span>not be indicative of the results that may be expected for the year ending April 30, 2020, or any other period. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Revenue Recognition - <span style="font-style:normal;">We recognize revenue in accordance with the provisions of Accounting Standards Update, or ASU, </span>Revenue from Contracts with<span style="font-style:normal;"> </span>Customers<span style="font-style:normal;"> (Topic 606), which became effective for us on May 1, 2018. Generally, all performance obligations are satisfied and revenue is recognized when the risks and rewards of ownership have transferred to the customer, which is generally upon shipment but could be delayed until the receipt of customer acceptance. </span></p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In some instances, sales include multiple performance obligations. The most common of these instances relates to sales promotion programs that entitle customers to receive free goods based upon their purchase of our products. The fulfillment of these free goods is our responsibility. In such instances, we allocate the revenue of the promotional sales based on the estimated level of participation in the sales promotional program and the timing of the shipment of all of the products included in the promotional program, including the free goods. We recognize revenue proportionally as each performance obligation is satisfied, based on the relative transaction price of each product. The net change in contract liabilities for a given period is reported as an increase or decrease to sales.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Our product sales are generally sold free on board, or FOB, shipping point and provide payment terms to most commercial customers ranging from 20 to 90 days of product shipment with a discount available in certain cases for early payment. For contracts with discounted terms, we determine the transaction price upon establishment of the contract that contains the final terms of the sale, including the description, quantity, and price of each product purchased. We estimate variable consideration relative to the amount of cash discounts to which customers are likely to be entitled. In some instances, we provide longer payment terms, particularly as it relates to our hunting dating programs, which represent payment terms due in the fall for certain orders of hunting products received in the spring and summer. We do not consider these extended terms to be a significant financing component of the contract because the payment terms are less than one year. In all cases, we consider our costs related to shipping and handling to be a cost of fulfilling the contract with the customer.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Insurance Reserves <span style="font-style:normal;">— In January 2020, we formed a wholly owned captive insurance company, SW Insurance Company, which provides product liability insurance to us and our subsidiaries. This captive insurance company was recorded in our condensed consolidated financial statements for the three and nine months ended January 31, 2020. We are self-insured through retentions or deductibles for the majority of our workers’ compensation, automobile, general liability, product liability, and group health insurance programs. Self-insurance amounts vary up to $10.0 million per occurrence; however, we believe the likelihood of reaching the maximum per occurrence limit is remote. We record our liability for estimated premiums and incurred losses in the accompanying consolidated financial statements on an undiscounted basis.</span></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Recently Issued Accounting Standards –<span style="font-style:normal;"> In February 2016, the Financial Accounting Standards Board, or FASB, issued ASU 2016-02, </span>Leases<span style="font-style:normal;"> (Topic 842), or ASU 2016-02, which amends the existing guidance to require lessees to recognize right-of-use assets and lease liabilities in a classified balance sheet. The most prominent among the changes in the standard is the requirement for lessees to recognize right-of-use assets and lease liabilities for those leases classified as operating leases under current GAAP. The requirements of ASU 2016-02 are effective for financial statements for annual periods beginning after December 15, 2018, and early adoption is permitted. We utilized leasing software to assist us in the accounting and tracking of leases and used the optional transitional method allowed by ASU 2018-11, </span>Leases<span style="font-style:normal;"> (Topic 842): Targeted Improvements. Under this method, we applied the standard using the modified retrospective method with an adoption date of May 1, 2019. We elected to use the package of practical expedients, which permits us to not reassess certain lease contract provisions. We adopted ASU 2016-02 effective May 1, 2019 and recognized right-of-use assets of $11.5 million and lease liabilities of $12.8 million. The difference between the right-of-use assets and the lease liabilities of $1.3 million is a result of the reclassification of deferred rent and lease incentive liabilities primarily relating to our real estate operating leases into the right-of use assets, which had no impact to retained earnings. See also Note 3 — </span>Leases<span style="font-style:normal;">, for more information.</span></p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In June 2016, the FASB issued ASU 2016-13, Financial Instruments — <span style="font-style:italic;">Credit Losses</span> (Topic 326): Measurement of Credit Losses on Financial Instruments. The new standard changes the impairment model for most financial assets that are measured at amortized cost and certain other instruments, including trade receivables, from an incurred loss model to an expected loss model and adds certain new required disclosures. Under the expected loss model, entities will recognize credit losses to be incurred over the entire contractual term of the instrument rather than delaying recognition of credit losses until it is probable the loss has been incurred. The requirements of this ASU are effective for financial statements for annual periods beginning after December 15, 2019, and early adoption is permitted. While we are currently evaluating the impact this standard will have on our consolidated financial statements, we do not expect the impact to be material.<span style="font-size:12pt;"> </span></p>
CY2020Q1 aobc Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
11782000
CY2020Q1 aobc Operating Lease Right Of Use Asset Accumulated Amortization
OperatingLeaseRightOfUseAssetAccumulatedAmortization
1982000
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9800000
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2731000
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8158000
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
10889000
CY2020Q1 aobc Finance Lease Right Of Use Asset Gross
FinanceLeaseRightOfUseAssetGross
40986000
CY2020Q1 aobc Finance Lease Right Of Use Asset Accumulated Depreciation
FinanceLeaseRightOfUseAssetAccumulatedDepreciation
1590000
CY2020Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
39396000
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
971000
CY2020Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
40202000
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
41173000
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1100000
CY2019Q1 aobc Short Term Operating Lease Cost
ShortTermOperatingLeaseCost
293000
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
526000
CY2020Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
515000
us-gaap Operating Lease Cost
OperatingLeaseCost
2800000
aobc Short Term Operating Lease Cost
ShortTermOperatingLeaseCost
772000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1600000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1600000
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y2M12D
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P18Y8M12D
CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.050
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
864000
CY2020Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
748000
CY2020Q1 aobc Lessee Operating And Finance Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1612000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3125000
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
3016000
CY2020Q1 aobc Lessee Operating And Finance Lease Liability Payments Due Year Two
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
6141000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2920000
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
3056000
CY2020Q1 aobc Lessee Operating And Finance Lease Liability Payments Due Year Three
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
5976000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2769000
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
3071000
CY2020Q1 aobc Lessee Operating And Finance Lease Liability Payments Due Year Four
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
5840000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1722000
CY2020Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
3125000
CY2020Q1 aobc Lessee Operating And Finance Lease Liability Payments Due Year Five
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFive
4847000
CY2020Q1 aobc Lessee Operating Lease Liability Payments Due Year Six
LesseeOperatingLeaseLiabilityPaymentsDueYearSix
330000
CY2020Q1 aobc Finance Lease Liability Payments Due Year Six
FinanceLeaseLiabilityPaymentsDueYearSix
3180000
CY2020Q1 aobc Lessee Operating And Finance Lease Liability Payments Due Year Six
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearSix
3510000
CY2020Q1 aobc Lessee Operating Lease Liability Payments Due After Year Six
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearSix
679000
CY2020Q1 aobc Finance Lease Liability Payments Due After Year Six
FinanceLeaseLiabilityPaymentsDueAfterYearSix
48853000
CY2020Q1 aobc Lessee Operating And Finance Lease Liability Payments Due After Year Six
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearSix
49532000
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12409000
CY2020Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
65049000
CY2020Q1 aobc Lessee Operating And Finance Lease Liability Payments Due
LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue
77458000
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1520000
CY2020Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
23876000
CY2020Q1 aobc Lessee Operating And Finance Lease Liability Undiscounted Excess Amount
LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
25396000
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
10889000
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
41173000
CY2020Q1 aobc Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
52062000
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2731000
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
971000
CY2020Q1 aobc Operating And Finance Lease Liability Current
OperatingAndFinanceLeaseLiabilityCurrent
3702000
CY2020Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8158000
CY2020Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
40202000
CY2020Q1 aobc Operating And Finance Lease Liability Noncurrent
OperatingAndFinanceLeaseLiabilityNoncurrent
48360000
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
1500000
us-gaap Operating Lease Payments
OperatingLeasePayments
4300000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
31800000
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
10500000
aobc Contract With Customer Liability Revenue Deferred
ContractWithCustomerLiabilityRevenueDeferred
26700000
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
5100000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
36600000
CY2018Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
22600000
aobc Contract With Customer Liability Revenue Deferred
ContractWithCustomerLiabilityRevenueDeferred
21000000.0
us-gaap Contract With Customer Liability Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerLiabilityCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
15500000
CY2019Q2 us-gaap Goodwill
Goodwill
182269000
CY2019Q3 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-2000
CY2019Q3 us-gaap Goodwill
Goodwill
182267000
CY2019Q4 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
0
CY2019Q4 us-gaap Goodwill
Goodwill
182267000
CY2020Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
0
CY2020Q1 us-gaap Goodwill
Goodwill
182267000
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
173314000
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
81700000
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
91614000
CY2020Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
330000
CY2019Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
226000
CY2020Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
174648000
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
96302000
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
78346000
CY2019Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
173540000
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
81700000
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
91840000
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P5Y
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4800000
us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
The Revolving Line provides for availability for general corporate purposes, with borrowings to bear interest at a variable rate equal to LIBOR or prime plus an applicable margin based on our consolidated leverage ratio, at our election.
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2020-06-15
CY2015Q2 aobc Percentage Of Interest Rate Protection
PercentageOfInterestRateProtection
0.75
CY2020Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
142449000
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
108247000
CY2020Q1 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
39236000
CY2019Q2 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
36181000
CY2020Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
5574000
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
7576000
CY2020Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
14277000
CY2019Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
11766000
CY2020Q1 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
201536000
CY2019Q2 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
163770000
CY2020Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7103000
CY2019Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
12213000
CY2020Q1 aobc Accrued Rebates And Promotions Current
AccruedRebatesAndPromotionsCurrent
6106000
CY2019Q2 aobc Accrued Rebates And Promotions Current
AccruedRebatesAndPromotionsCurrent
4877000
CY2020Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
5727000
CY2019Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
6078000
CY2020Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
5672000
CY2019Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
5241000
CY2020Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4018000
CY2019Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
2649000
CY2020Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2731000
CY2020Q1 aobc Accrued Distributor Incentives Current
AccruedDistributorIncentivesCurrent
2673000
CY2019Q2 aobc Accrued Distributor Incentives Current
AccruedDistributorIncentivesCurrent
1895000
CY2020Q1 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
1189000
CY2019Q2 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
1004000
CY2020Q1 us-gaap Interest Payable Current
InterestPayableCurrent
498000
CY2019Q2 us-gaap Interest Payable Current
InterestPayableCurrent
737000
CY2020Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
971000
CY2019Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
681000
CY2020Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6443000
CY2019Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3947000
CY2020Q1 aobc Accrued Expenses And Deferred Revenue Current
AccruedExpensesAndDeferredRevenueCurrent
43131000
CY2019Q2 aobc Accrued Expenses And Deferred Revenue Current
AccruedExpensesAndDeferredRevenueCurrent
39322000
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54544000
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
680000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-5725000
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
us-gaap Net Income Loss
NetIncomeLoss
4916000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54919000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Net Income Loss
NetIncomeLoss
8586000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54444000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
722000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
688000
us-gaap Net Income Loss
NetIncomeLoss
4916000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55641000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
us-gaap Net Income Loss
NetIncomeLoss
8586000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55132000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20664
aobc Number Of Stock Option Plans
NumberOfStockOptionPlans
2
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
267761
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
15000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.79
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
32899
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
6.52
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
160667
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
8.89
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
92094
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
283261
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.71
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y5M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y5M26D
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
92094
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
3.22
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
283261
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6.71
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y5M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y5M26D
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
571000
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
571000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
1500000
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
1500000
CY2020Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
CY2019Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
100000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
230000
CY2020Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
0
aobc Number Of Product Liability Cases
NumberOfProductLiabilityCases
9
aobc Number Of Other Product Liability Claims
NumberOfOtherProductLiabilityClaims
5
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1400000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6100000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020Q1 us-gaap Assets
Assets
808147000
CY2019Q2 us-gaap Assets
Assets
766789000
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
164341000
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
183268000
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
78346000
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
91840000
CY2020Q1 us-gaap Goodwill
Goodwill
182267000
CY2019Q2 us-gaap Goodwill
Goodwill
182269000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
462544000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
299677000
us-gaap Gross Profit
GrossProfit
162867000
us-gaap Operating Income Loss
OperatingIncomeLoss
22769000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7399000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2

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