2019 Q2 Form 10-Q Financial Statement

#000102116219000104 Filed on August 05, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $730.2M $832.9M
YoY Change -12.33% 6.55%
Cost Of Revenue $582.2M $770.2M
YoY Change -24.41% 19.27%
Gross Profit $119.5M $38.74M
YoY Change 208.35% -65.77%
Gross Profit Margin 16.36% 4.65%
Selling, General & Admin $62.34M $81.66M
YoY Change -23.66% 1.75%
% of Gross Profit 52.18% 210.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.05M $38.81M
YoY Change 13.5% -0.82%
% of Gross Profit 36.87% 100.18%
Operating Expenses $694.7M $899.4M
YoY Change -22.76% 14.92%
Operating Profit $35.51M -$66.55M
YoY Change -153.36% 6774.79%
Interest Expense -$27.50M -$25.50M
YoY Change 7.84% 21.43%
% of Operating Profit -77.44%
Other Income/Expense, Net $14.90M $16.50M
YoY Change -9.7% -14.95%
Pretax Income $22.90M -$75.50M
YoY Change -130.32% 2793.94%
Income Tax $4.807M $1.031M
% Of Pretax Income 21.0%
Net Earnings $18.09M -$76.53M
YoY Change -123.63% 3863.44%
Net Earnings / Revenue 2.48% -9.19%
Basic Earnings Per Share $0.36 -$1.54
Diluted Earnings Per Share $0.36 -$1.54
COMMON SHARES
Basic Shares Outstanding 49.85M 49.55M shares
Diluted Shares Outstanding 50.30M 49.55M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.90M $33.10M
YoY Change -12.69% -10.54%
Cash & Equivalents $28.93M $33.06M
Short-Term Investments
Other Short-Term Assets $23.90M $111.5M
YoY Change -78.57% 226.02%
Inventory $470.4M $534.0M
Prepaid Expenses
Receivables $331.5M $337.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.179B $1.553B
YoY Change -24.11% -6.65%
LONG-TERM ASSETS
Property, Plant & Equipment $515.2M $732.3M
YoY Change -29.64% -7.86%
Goodwill $581.6M $587.6M
YoY Change -1.01% -48.8%
Intangibles $418.5M $493.1M
YoY Change -15.13% -14.77%
Long-Term Investments
YoY Change
Other Assets $129.3M $53.91M
YoY Change 139.81% -40.94%
Total Long-Term Assets $1.645B $1.867B
YoY Change -11.91% -28.53%
TOTAL ASSETS
Total Short-Term Assets $1.179B $1.553B
Total Long-Term Assets $1.645B $1.867B
Total Assets $2.823B $3.420B
YoY Change -17.45% -20.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $426.6M $514.9M
YoY Change -17.15% 22.52%
Accrued Expenses $225.7M $225.1M
YoY Change 0.25% -62.51%
Deferred Revenue $310.0M $474.6M
YoY Change -34.69%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.200M $16.70M
YoY Change -50.9% -88.15%
Total Short-Term Liabilities $970.4M $1.261B
YoY Change -23.04% 8.55%
LONG-TERM LIABILITIES
Long-Term Debt $1.427B $1.504B
YoY Change -5.07% 31.88%
Other Long-Term Liabilities $449.5M $400.2M
YoY Change 12.32% -16.95%
Total Long-Term Liabilities $449.5M $400.2M
YoY Change 12.32% -16.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $970.4M $1.261B
Total Long-Term Liabilities $449.5M $400.2M
Total Liabilities $1.420B $1.661B
YoY Change -14.52% 1.08%
SHAREHOLDERS EQUITY
Retained Earnings -$778.2M -$517.3M
YoY Change 50.43% -189.88%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $149.8M $176.0M
YoY Change -14.92% -3.42%
Treasury Stock Shares 2.456M shares 2.697M shares
Shareholders Equity -$557.9M -$226.6M
YoY Change
Total Liabilities & Shareholders Equity $2.823B $3.420B
YoY Change -17.45% -20.02%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $18.09M -$76.53M
YoY Change -123.63% 3863.44%
Depreciation, Depletion And Amortization $44.05M $38.81M
YoY Change 13.5% -0.82%
Cash From Operating Activities $5.018M -$65.71M
YoY Change -107.64% -33.65%
INVESTING ACTIVITIES
Capital Expenditures -$8.100M -$12.20M
YoY Change -33.61% 0.83%
Acquisitions
YoY Change
Other Investing Activities -$2.600M $700.0K
YoY Change -471.43% -50.0%
Cash From Investing Activities -$10.66M -$11.54M
YoY Change -7.59% 7.47%
FINANCING ACTIVITIES
Cash Dividend Paid $1.998M $1.988M
YoY Change 0.5% 0.2%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -58.12M $75.89M
YoY Change -176.58% -0.48%
NET CHANGE
Cash From Operating Activities 5.018M -$65.71M
Cash From Investing Activities -10.66M -$11.54M
Cash From Financing Activities -58.12M $75.89M
Net Change In Cash -63.88M -$1.364M
YoY Change 4583.28% -95.93%
FREE CASH FLOW
Cash From Operating Activities $5.018M -$65.71M
Capital Expenditures -$8.100M -$12.20M
Free Cash Flow $13.12M -$53.51M
YoY Change -124.51% -38.45%

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CY2018Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2019Q1 us-gaap Common Stock Value Outstanding
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52000 USD
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AdditionalPaidInCapital
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CY2019Q1 us-gaap Treasury Stock Value
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159154000 USD
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-487684000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-794072000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-573313000 USD
CY2019Q2 us-gaap Profit Loss
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18088000 USD
CY2019Q2 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-225000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2683000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2683000 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1998000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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154802 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1903000 USD
CY2019Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
51406 shares
CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1043000 USD
CY2019Q2 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
14489 shares
CY2019Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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262000 USD
CY2019Q2 us-gaap Common Stock Shares Outstanding
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50005153 shares
CY2019Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
52000 USD
CY2019Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
859280000 USD
CY2019Q2 us-gaap Treasury Stock Value
TreasuryStockValue
149767000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-489277000 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-778207000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-557919000 USD
CY2018Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2018Q1 us-gaap Common Stock Value Outstanding
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51000 USD
CY2018Q1 us-gaap Additional Paid In Capital
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CY2018Q1 us-gaap Treasury Stock Value
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CY2018Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
146155000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
450534000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
-76534000 USD
CY2018Q2 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
-584951000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-14524000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-14524000 USD
CY2018Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
532000 USD
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1988000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
102248 USD
CY2019Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-41247000 USD
CY2018Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-27598000 USD
CY2019Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-2767000 USD
CY2018Q2 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
16020 shares
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2464000 USD
CY2018Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
23756 shares
CY2019Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2426000 USD
CY2018Q2 us-gaap Share Based Compensation
ShareBasedCompensation
2462000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
384000 USD
CY2018Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
49764360 shares
CY2018Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
51000 USD
CY2018Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
850552000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
176038000 USD
CY2018Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-383828000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-517318000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-226581000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
18088000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-76534000 USD
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
44050000 USD
CY2018Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
38812000 USD
CY2019Q2 tgi Amortization Of Acquired Contract Liabilities
AmortizationOfAcquiredContractLiabilities
16939000 USD
CY2018Q2 tgi Amortization Of Acquired Contract Liabilities
AmortizationOfAcquiredContractLiabilities
17234000 USD
CY2019Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-3136000 USD
CY2018Q2 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-4719000 USD
CY2019Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1958000 USD
CY2018Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1887000 USD
CY2019Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
671000 USD
CY2018Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-14000 USD
CY2019Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
3307000 USD
CY2018Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0 USD
CY2018Q2 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
23221000 USD
CY2019Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
56623000 USD
CY2018Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
30833000 USD
CY2019Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-12721000 USD
CY2018Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3898000 USD
CY2019Q2 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-35426000 USD
CY2018Q2 us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
23341000 USD
CY2019Q2 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-15792000 USD
CY2018Q2 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-18691000 USD
CY2019Q2 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
573000 USD
CY2018Q2 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1904000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5018000 USD
CY2018Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-65714000 USD
CY2019Q2 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
8090000 USD
CY2018Q2 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
12200000 USD
CY2019Q2 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
2570000 USD
CY2018Q2 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
-664000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10660000 USD
CY2018Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11536000 USD
CY2019Q2 us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
30000000 USD
CY2018Q2 us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
-113186000 USD
CY2019Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5600000 USD
CY2018Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
19046000 USD
CY2019Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
30572000 USD
CY2018Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
53762000 USD
CY2019Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
104000 USD
CY2018Q2 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
64000 USD
CY2019Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
1998000 USD
CY2018Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
1988000 USD
CY2019Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1043000 USD
CY2018Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
532000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-58117000 USD
CY2018Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
75886000 USD
CY2019Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-121000 USD
CY2018Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1400000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-63880000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2764000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
92807000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35819000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
28927000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33055000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
76444000 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
84663000 USD
CY2019Q2 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets1
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets1
225000 USD
CY2018Q2 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Standards Issued Not Yet Implemented</span></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments</span><span style="font-family:inherit;font-size:10pt;">. This ASU modifies the measurement of expected credit losses of certain financial instruments. ASU 2016-13 is effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods. The amendments in this ASU should be applied on a modified retrospective basis to all periods presented. We are currently evaluating the effect that ASU 2016-13 will have on our consolidated financial statements and related disclosures.</span></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU 2018-13, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement</span><span style="font-family:inherit;font-size:10pt;">. This ASU modifies the disclosure requirements for fair value measurements by removing, modifying or adding certain disclosures. ASU 2018-13 is effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods, with early adoption permitted. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. We are currently evaluating the effect that ASU 2018-13 will have on our consolidated financial statements and related disclosures.</span></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU 2018-14, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation—Retirement Benefits—Defined Benefit Plans—General (Topic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans</span><span style="font-family:inherit;font-size:10pt;">, which modifies the disclosure requirements for defined benefit pension plans and other postretirement plans. ASU 2018-14 is effective for annual periods beginning after December 15, 2020, with early adoption permitted. The amendments in this ASU should be applied on a retrospective basis to all periods presented. We are currently evaluating the effect that ASU 2018-14 will have on our consolidated financial statements and related disclosures.</span></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU 2018-15, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract</span><span style="font-family:inherit;font-size:10pt;">. This ASU aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal-use software license). ASU 2018-15 is effective for annual periods beginning after December 15, 2019, and interim periods within those annual periods, with early adoption permitted. The amendments in this ASU should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. We are currently evaluating the effect that ASU 2018-15 will have on our consolidated financial statements and related disclosures.</span></div>
CY2019Q2 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
CY2019Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
757998000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
339504000 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
418494000 USD
CY2019Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
758599000 USD
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
327645000 USD
CY2019Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
430954000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12083000 USD
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13233000 USD
CY2019Q2 tgi Extended Product Warranty Term Of Warranty
ExtendedProductWarrantyTermOfWarranty
P20Y
CY2019Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
61035000 USD
CY2019Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
58395000 USD
CY2018Q2 us-gaap Revenues
Revenues
832900000 USD
CY2019Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1280000 USD
CY2018Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7715000 USD
CY2019Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
2277789 shares
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
713292000 USD
CY2019Q2 tgi Amortization Of Acquired Contract Liabilities
AmortizationOfAcquiredContractLiabilities
16939000 USD
CY2019Q2 us-gaap Revenues
Revenues
730231000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
815666000 USD
CY2018Q2 tgi Amortization Of Acquired Contract Liabilities
AmortizationOfAcquiredContractLiabilities
17234000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
713292000 USD
CY2019Q2 tgi Amortization Of Acquired Contract Liabilities
AmortizationOfAcquiredContractLiabilities
16939000 USD
CY2019Q2 us-gaap Revenues
Revenues
730231000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
815666000 USD
CY2018Q2 tgi Amortization Of Acquired Contract Liabilities
AmortizationOfAcquiredContractLiabilities
17234000 USD
CY2018Q2 us-gaap Revenues
Revenues
832900000 USD
CY2019Q2 tgi Contractwith Customer Currentand Noncurrent
ContractwithCustomerCurrentandNoncurrent
358497000 USD
CY2019Q1 tgi Contractwith Customer Currentand Noncurrent
ContractwithCustomerCurrentandNoncurrent
326667000 USD
CY2019Q2 tgi Total Contractwith Customer Liability Currentand Noncurrent
TotalContractwithCustomerLiabilityCurrentandNoncurrent
450837000 USD
CY2019Q1 tgi Total Contractwith Customer Liability Currentand Noncurrent
TotalContractwithCustomerLiabilityCurrentandNoncurrent
450051000 USD
CY2019Q2 tgi Contractwith Customer Net Asset Liability Currentand Noncurrent
ContractwithCustomerNetAssetLiabilityCurrentandNoncurrent
92340000 USD
CY2019Q1 tgi Contractwith Customer Net Asset Liability Currentand Noncurrent
ContractwithCustomerNetAssetLiabilityCurrentandNoncurrent
123384000 USD
CY2019Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
28507000 USD
CY2019Q2 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
34628000 USD
CY2019Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
34185000 USD
CY2019Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
140852000 USD
CY2019Q1 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
156332000 USD
CY2019Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1379910000 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
170000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
9863000 USD
CY2019Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4275887000 USD
CY2019Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2134556000 USD
CY2019Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
309508000 USD
CY2019Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
451913000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
6502000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1842000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1349000 USD
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
4849000 USD
CY2019Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
171000 USD
CY2019Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2673000 USD
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1831000 USD
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
767000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
73643000 USD
CY2019Q2 tgi Finance Lease Rightof Use Asset Gross
FinanceLeaseRightofUseAssetGross
54216000 USD
CY2019Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
31684000 USD
CY2019Q2 tgi Total Rightof Use Assets
TotalRightofUseAssets
105327000 USD
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
15718000 USD
CY2019Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
8150000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
67895000 USD
CY2019Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
21238000 USD
CY2019Q2 tgi Total Lease Liabilities
TotalLeaseLiabilities
113001000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y7M6D
CY2019Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P6Y6M
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.064
CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.056
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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