$TGI
TRIUMPH GROUP INC

2023 Q3 Form 10-Q Financial Statement

#000095017023041835 Filed on August 11, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $354.1M $327.1M
YoY Change 15.1% -6.37%
Cost Of Revenue $261.4M $240.7M
YoY Change 25.63% -11.63%
Gross Profit $92.67M $86.41M
YoY Change -6.9% 12.25%
Gross Profit Margin 26.17% 26.41%
Selling, General & Admin $47.48M $55.65M
YoY Change -21.42% 7.55%
% of Gross Profit 51.23% 64.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.042M $8.118M
YoY Change -7.4% -17.21%
% of Gross Profit 8.68% 9.39%
Operating Expenses $47.48M $55.65M
YoY Change -31.29% 7.55%
Operating Profit $34.28M $10.02M
YoY Change 12.63% -31.97%
Interest Expense -$35.88M -$38.65M
YoY Change 10.57% 21.11%
% of Operating Profit -104.69% -385.56%
Other Income/Expense, Net $1.364M $8.821M
YoY Change -84.07% 2.74%
Pretax Income $446.0K -$16.41M
YoY Change -99.59% 91.03%
Income Tax $1.742M $1.750M
% Of Pretax Income 390.58%
Net Earnings -$1.296M -$18.16M
YoY Change -101.22% 75.62%
Net Earnings / Revenue -0.37% -5.55%
Basic Earnings Per Share -$0.02 -$0.27
Diluted Earnings Per Share -$0.02 -$0.27
COMMON SHARES
Basic Shares Outstanding 76.71M 65.45M
Diluted Shares Outstanding 76.45M 66.35M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $169.9M $146.3M
YoY Change 62.65% 8.68%
Cash & Equivalents $169.9M $146.3M
Short-Term Investments
Other Short-Term Assets $18.65M $19.72M
YoY Change 6.25% -81.21%
Inventory $434.4M $429.4M
Prepaid Expenses
Receivables $164.9M $158.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $897.2M $866.7M
YoY Change 12.24% -2.07%
LONG-TERM ASSETS
Property, Plant & Equipment $166.6M $168.4M
YoY Change 3.57% 1.67%
Goodwill $508.4M $510.9M
YoY Change 0.56%
Intangibles $69.43M $71.74M
YoY Change -12.38%
Long-Term Investments
YoY Change
Other Assets $31.49M $32.12M
YoY Change 10.91% 19.27%
Total Long-Term Assets $775.9M $783.1M
YoY Change 0.91% 0.09%
TOTAL ASSETS
Total Short-Term Assets $897.2M $866.7M
Total Long-Term Assets $775.9M $783.1M
Total Assets $1.673B $1.650B
YoY Change 6.69% -1.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $155.0M $152.9M
YoY Change 0.24% 15.2%
Accrued Expenses $116.8M $144.3M
YoY Change -25.11% -14.54%
Deferred Revenue $39.77M $47.88M
YoY Change -11.19%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.108M $3.313M
YoY Change 9.09% 11.62%
Total Short-Term Liabilities $314.6M $348.4M
YoY Change -11.59% -35.91%
LONG-TERM LIABILITIES
Long-Term Debt $1.656B $1.674B
YoY Change 4.29% 5.5%
Other Long-Term Liabilities $55.62M $57.37M
YoY Change -82.57% 21.37%
Total Long-Term Liabilities $55.62M $57.37M
YoY Change -97.08% 21.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $314.6M $348.4M
Total Long-Term Liabilities $55.62M $57.37M
Total Liabilities $370.3M $405.7M
YoY Change -83.69% -31.32%
SHAREHOLDERS EQUITY
Retained Earnings -$1.227B -$1.226B
YoY Change -6.25%
Common Stock $1.106B $1.020B
YoY Change 4.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$668.2M -$751.9M
YoY Change
Total Liabilities & Shareholders Equity $1.673B $1.650B
YoY Change 6.69% -1.06%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$1.296M -$18.16M
YoY Change -101.22% 75.62%
Depreciation, Depletion And Amortization $8.042M $8.118M
YoY Change -7.4% -17.21%
Cash From Operating Activities -$32.22M -$63.72M
YoY Change 66.55% -31.5%
INVESTING ACTIVITIES
Capital Expenditures $4.627M $13.25M
YoY Change -158.11% -346.91%
Acquisitions
YoY Change
Other Investing Activities $51.00K -$1.515M
YoY Change
Cash From Investing Activities -$4.576M -$14.76M
YoY Change -42.53% 175.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 61.47M -2.239M
YoY Change -7190.54% -49.48%
NET CHANGE
Cash From Operating Activities -32.22M -63.72M
Cash From Investing Activities -4.576M -14.76M
Cash From Financing Activities 61.47M -2.239M
Net Change In Cash 24.68M -81.09M
YoY Change -187.59% -23.68%
FREE CASH FLOW
Cash From Operating Activities -$32.22M -$63.72M
Capital Expenditures $4.627M $13.25M
Free Cash Flow -$36.85M -$76.97M
YoY Change 223.68% -12.2%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2023Q2 dei Amendment Flag
AmendmentFlag
false
CY2023Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q2 dei Entity Central Index Key
EntityCentralIndexKey
0001021162
CY2023Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2023Q2 dei Document Type
DocumentType
10-Q
CY2023Q2 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q2 dei Document Period End Date
DocumentPeriodEndDate
2023-06-30
CY2023Q2 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q2 dei Entity File Number
EntityFileNumber
1-12235
CY2023Q2 dei Entity Registrant Name
EntityRegistrantName
TRIUMPH GROUP, INC.
CY2023Q2 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2023Q2 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
51-0347963
CY2023Q2 dei Entity Address Address Line1
EntityAddressAddressLine1
555 E Lancaster Avenue
CY2023Q2 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 400
CY2023Q2 dei Entity Address City Or Town
EntityAddressCityOrTown
Radnor
CY2023Q2 dei Entity Address State Or Province
EntityAddressStateOrProvince
PA
CY2023Q2 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
19087
CY2023Q2 dei City Area Code
CityAreaCode
610
CY2023Q2 dei Local Phone Number
LocalPhoneNumber
251-1000
CY2023Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q2 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q2 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2023Q2 dei Entity Small Business
EntitySmallBusiness
false
CY2023Q2 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023Q2 dei Entity Shell Company
EntityShellCompany
false
CY2023Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
76713281
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
146318000
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
227403000
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8592000
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
8382000
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
158637000
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
196775000
CY2023Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
112657000
CY2023Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
103027000
CY2023Q2 us-gaap Inventory Net
InventoryNet
429386000
CY2023Q1 us-gaap Inventory Net
InventoryNet
389245000
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
19716000
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
17062000
CY2023Q2 us-gaap Assets Current
AssetsCurrent
866714000
CY2023Q1 us-gaap Assets Current
AssetsCurrent
933512000
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
168437000
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
166800000
CY2023Q2 us-gaap Goodwill
Goodwill
510855000
CY2023Q1 us-gaap Goodwill
Goodwill
509449000
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
71737000
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
73898000
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
32115000
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
31185000
CY2023Q2 us-gaap Assets
Assets
1649858000
CY2023Q1 us-gaap Assets
Assets
1714844000
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3313000
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3162000
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
152905000
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
197932000
CY2023Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
47882000
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
44482000
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
144266000
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
151348000
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
348366000
CY2023Q1 us-gaap Liabilities Current
LiabilitiesCurrent
396924000
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1674389000
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1688620000
CY2023Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
314154000
CY2023Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
359375000
CY2023Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
7444000
CY2023Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
7268000
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
57369000
CY2023Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
60053000
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
69964040
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
69964040
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
65432589
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
65432589
CY2023Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
70000
CY2023Q1 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
65000
CY2023Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1019891000
CY2023Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
964741000
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-546106000
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-554646000
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1225719000
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1207556000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-751864000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-797396000
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1649858000
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1714844000
CY2023Q2 us-gaap Revenues
Revenues
327145000
CY2022Q2 us-gaap Revenues
Revenues
349384000
CY2023Q2 us-gaap Cost Of Revenue
CostOfRevenue
240733000
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
272400000
CY2023Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
55653000
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
51745000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8118000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9806000
CY2022Q2 us-gaap Restructuring Charges
RestructuringCharges
699000
CY2023Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-12617000
CY2023Q2 tgi Cost Of Sales And Operating Expenses
CostOfSalesAndOperatingExpenses
317121000
CY2022Q2 tgi Cost Of Sales And Operating Expenses
CostOfSalesAndOperatingExpenses
334650000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
10024000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
14734000
CY2023Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-820000
CY2022Q2 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
-8586000
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
3391000
CY2023Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-8001000
CY2023Q2 tgi Interest Expense And Other Net
InterestExpenseAndOtherNet
38649000
CY2022Q2 tgi Interest Expense And Other Net
InterestExpenseAndOtherNet
31912000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16413000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8592000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1750000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1750000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-18163000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-10342000
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66347000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64820000
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66347000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64820000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-18163000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-10342000
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1657000
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3442000
CY2022Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
160000
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-805287000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-18163000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-10342000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8118000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9806000
CY2023Q2 tgi Amortization Of Acquired Contract Liabilities
AmortizationOfAcquiredContractLiabilities
575000
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3704000
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-10382000
CY2023Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
0
CY2022Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
0
CY2023Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-6424000
CY2022Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
1251000
CY2023Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
0
CY2022Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
0
CY2023Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-1251000
CY2022Q2 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
6574000
CY2023Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-5173000
CY2022Q2 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-5323000
CY2023Q2 tgi Other Comprehensive Income Loss Unrealized Gain Loss On Cash Flow Hedges During Period Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnCashFlowHedgesDuringPeriodTax
0
CY2022Q2 tgi Other Comprehensive Income Loss Unrealized Gain Loss On Cash Flow Hedges During Period Tax
OtherComprehensiveIncomeLossUnrealizedGainLossOnCashFlowHedgesDuringPeriodTax
0
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-1254000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-470000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
0
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
0
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-917000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
368000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-337000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-838000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
8540000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5897000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9623000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16239000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-797396000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-18163000
CY2023Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3704000
CY2023Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0
CY2023Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
5173000
CY2023Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
CY2023Q2 tgi Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Excluding Derivative Hedge
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxExcludingDerivativeHedge
-337000
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3622000
CY2023Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1235000
CY2023Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
150000
CY2023Q2 tgi Stock Issued During Period Value Warrant Exercises Net Of Income Taxes
StockIssuedDuringPeriodValueWarrantExercisesNetOfIncomeTaxes
13482000
CY2023Q2 us-gaap Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
39136000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-751864000
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-787423000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-10342000
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-10382000
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
5323000
CY2022Q2 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
0
CY2022Q2 tgi Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Excluding Derivative Hedge
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxExcludingDerivativeHedge
-838000
CY2022Q2 tgi Amortization Of Acquired Contract Liabilities
AmortizationOfAcquiredContractLiabilities
523000
CY2023Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-12617000
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
3391000
CY2023Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1506000
CY2022Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1562000
CY2023Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
534000
CY2022Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
200000
CY2023Q2 tgi Gain Loss On Remeasurement Of Warrants
GainLossOnRemeasurementOfWarrants
8001000
CY2023Q2 us-gaap Share Based Compensation
ShareBasedCompensation
3622000
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1578000
CY2023Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-32532000
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4474000
CY2023Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
10180000
CY2022Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
8638000
CY2023Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
39818000
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
19190000
CY2023Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1830000
CY2022Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7538000
CY2023Q2 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-42588000
CY2022Q2 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-56352000
CY2023Q2 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-1262000
CY2022Q2 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-8322000
CY2023Q2 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-3155000
CY2022Q2 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-255000
CY2023Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-63724000
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-93030000
CY2023Q2 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
6401000
CY2022Q2 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
3044000
CY2023Q2 tgi Payments For Proceeds From Sale Of Assets And Businesses
PaymentsForProceedsFromSaleOfAssetsAndBusinesses
6848000
CY2022Q2 tgi Payments For Proceeds From Sale Of Assets And Businesses
PaymentsForProceedsFromSaleOfAssetsAndBusinesses
2322000
CY2023Q2 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
1515000
CY2023Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14764000
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5366000
CY2023Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2000000
CY2023Q2 tgi Repayments Of Long Term Debt And Finance Lease Obligation
RepaymentsOfLongTermDebtAndFinanceLeaseObligation
763000
CY2022Q2 tgi Repayments Of Long Term Debt And Finance Lease Obligation
RepaymentsOfLongTermDebtAndFinanceLeaseObligation
990000
CY2023Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1438000
CY2023Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
803000
CY2023Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1235000
CY2022Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3442000
CY2023Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2239000
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4432000
CY2023Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-358000
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-3414000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-81085000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-106242000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
227403000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
240878000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
146318000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
134636000
CY2023Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023Q2 us-gaap Revenues
Revenues
327145000
CY2022Q2 us-gaap Revenues
Revenues
349384000
CY2023Q2 us-gaap Revenues
Revenues
327145000
CY2023Q2 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;font-style:italic;min-width:fit-content;">Concentration of Credit Risk</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">The Company’s trade and other accounts receivable are exposed to credit risk. However, the risk is limited due to the diversity of the customer base and the customer base’s wide geographical area. Trade accounts receivable from The Boeing Company ("Boeing") (representing commercial, military, and space) represented approximately </span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">17</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> and </span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">12</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> of total trade accounts receivable as of June 30, 2023 and March 31, 2023</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">, respectively. As of March 31, 2023, trade and other receivables from Daher Aerospace Inc. ("Daher") include receivables that largely corresponded with payables associated with transition services and represented approximately </span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">20</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">% as of March 31, 2023. </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">The transition services agreement with Daher contractually expired as of June 30, 2023, and remaining receivables and payables as of that date were not significant. The Company had no other concentrations of credit risk of more than 10%.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">Sales to Boeing for the three months ended June 30, 2023, were </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">78,475</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">, or </span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">24</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> of net sales, of which </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">53,308</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> and </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">25,167</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> were from Systems &amp; Support and Interiors, respectively. Sales to Boeing for the three months ended June 30, 2022, were </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">118,303</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">, or </span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">34</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> of net sales, of which </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">39,588</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> and </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">$</span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">78,715</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> were from Systems &amp; Support and Interiors, respectively.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">No other single customer accounted for more than </span><span style="font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">10</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Arial&quot;, sans-serif;min-width:fit-content;">% of the Company’s net sales. However, the loss of any significant customer, including Boeing, could have a material adverse effect on the Company and its operating subsidiaries.</span></p>
CY2022Q4 tgi Number Of Warrants That Each Shareholder Received Based On Number Of Common Stock Shares Held
NumberOfWarrantsThatEachShareholderReceivedBasedOnNumberOfCommonStockSharesHeld
3
CY2022Q4 tgi Number Of Common Shares Held To Issue Warrants
NumberOfCommonSharesHeldToIssueWarrants
10
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
19500000
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
12.35
CY2023Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
18100000
CY2023Q2 us-gaap Share Price
SharePrice
12.37
CY2022Q4 tgi Fair Value Of Warrants
FairValueOfWarrants
19500000
CY2023Q2 tgi Fair Value Of Warrants
FairValueOfWarrants
1456000
CY2023Q2 tgi Gain Loss On Remeasurement Of Warrants
GainLossOnRemeasurementOfWarrants
8001000
CY2023Q2 tgi Number Of Warrants Exercised
NumberOfWarrantsExercised
1000000
tgi Number Of Warrants Exercised
NumberOfWarrantsExercised
1400000
CY2023Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
369000
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1159000
CY2023Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-8300000
CY2022Q2 us-gaap Revenues
Revenues
349384000
CY2023Q2 tgi Contract With Customer Current And Noncurrent
ContractWithCustomerCurrentAndNoncurrent
112657000
CY2023Q1 tgi Contract With Customer Current And Noncurrent
ContractWithCustomerCurrentAndNoncurrent
103027000
CY2023Q2 tgi Contract With Customer Asset Change In Contract Asset
ContractWithCustomerAssetChangeInContractAsset
-9630000
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
48096000
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
44945000
CY2023Q2 tgi Contract With Customer Liability Change In Contract Liability
ContractWithCustomerLiabilityChangeInContractLiability
-3151000
CY2023Q2 tgi Contract With Customer Net Asset Liability Current And Noncurrent
ContractWithCustomerNetAssetLiabilityCurrentAndNoncurrent
64561000
CY2023Q1 tgi Contract With Customer Net Asset Liability Current And Noncurrent
ContractWithCustomerNetAssetLiabilityCurrentAndNoncurrent
58082000
CY2023Q2 tgi Contract With Customer Asset Liability Net Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetLiabilityNetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
6479000
CY2023Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
8747000
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1465111000
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
865932000
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
559346000
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
37938000
CY2023Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1895000
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
53904000
CY2023Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
44834000
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
341915000
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
304874000
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
11323000
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
17000000
CY2023Q2 tgi Rotable Assets
RotableAssets
22244000
CY2023Q1 tgi Rotable Assets
RotableAssets
22537000
CY2023Q2 us-gaap Inventory Net
InventoryNet
429386000
CY2023Q1 us-gaap Inventory Net
InventoryNet
389245000
CY2023Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
23989000
CY2023Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
22058000
CY2023Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1677702000
CY2023Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1691782000
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3313000
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
3162000
CY2023Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1674389000
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1688620000
CY2023Q2 us-gaap Interest Paid
InterestPaid
454000
CY2022Q2 us-gaap Interest Paid
InterestPaid
25869000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66347000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64820000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66347000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64820000
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
21800000
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12174000
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12085000
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.107
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.204
CY2023Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2023Q2 us-gaap Revenues
Revenues
327145000
CY2023Q2 tgi Intersegment Sales
IntersegmentSales
0
CY2023Q2 tgi Earnings Before Interest Taxes Depreciation Amortization Including Impairments And Pension Benefit Expense
EarningsBeforeInterestTaxesDepreciationAmortizationIncludingImpairmentsAndPensionBenefitExpense
50256000
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8118000
CY2023Q2 tgi Interest Expense And Other Net
InterestExpenseAndOtherNet
38649000
CY2023Q2 tgi Corporate Expenses
CorporateExpenses
16450000
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3622000
CY2023Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-12617000
CY2023Q2 tgi Amortization Of Acquired Contract Liabilities
AmortizationOfAcquiredContractLiabilities
575000
CY2023Q2 tgi Non Service Defined Benefit Income
NonServiceDefinedBenefitIncome
-820000
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
3391000
CY2023Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-8001000
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-16413000
CY2023Q2 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
6401000
CY2023Q2 us-gaap Assets
Assets
1649858000
CY2022Q2 us-gaap Revenues
Revenues
349384000
CY2022Q2 tgi Intersegment Sales
IntersegmentSales
0
CY2022Q2 tgi Earnings Before Interest Taxes Depreciation Amortization Including Impairments And Pension Benefit Expense
EarningsBeforeInterestTaxesDepreciationAmortizationIncludingImpairmentsAndPensionBenefitExpense
56729000
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9806000
CY2022Q2 tgi Interest Expense And Other Net
InterestExpenseAndOtherNet
31912000
CY2022Q2 tgi Corporate Expenses
CorporateExpenses
13949000
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1578000
CY2022Q2 tgi Amortization Of Acquired Contract Liabilities
AmortizationOfAcquiredContractLiabilities
523000
CY2022Q2 tgi Non Service Defined Benefit Income
NonServiceDefinedBenefitIncome
-8586000
CY2022Q2 tgi Consideration Payable To Customer Related To Divestiture
ConsiderationPayableToCustomerRelatedToDivestiture
17185000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-8592000
CY2022Q2 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
3044000
CY2023Q2 tgi Lease Payment For Divested Business
LeasePaymentForDivestedBusiness
130000
CY2023Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
14644000
CY2023Q2 tgi Periodic Payment Of Withdrawal Liability
PeriodicPaymentOfWithdrawalLiability
400000
CY2023Q2 us-gaap Multiemployer Plans Withdrawal Obligation
MultiemployerPlansWithdrawalObligation
14235000

Files In Submission

Name View Source Status
0000950170-23-041835-index-headers.html Edgar Link pending
0000950170-23-041835-index.html Edgar Link pending
0000950170-23-041835.txt Edgar Link pending
0000950170-23-041835-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tgi-20230630.htm Edgar Link pending
tgi-20230630.xsd Edgar Link pending
tgi-ex22_1.htm Edgar Link pending
tgi-ex31_1.htm Edgar Link pending
tgi-ex31_2.htm Edgar Link pending
tgi-ex32.htm Edgar Link pending
tgi-20230630_def.xml Edgar Link unprocessable
tgi-20230630_lab.xml Edgar Link unprocessable
tgi-20230630_pre.xml Edgar Link unprocessable
tgi-20230630_htm.xml Edgar Link completed
tgi-20230630_cal.xml Edgar Link unprocessable