2022 Q2 Form 10-Q Financial Statement

#000071578722000019 Filed on May 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q2
Revenue $288.0M $339.6M $253.3M
YoY Change 13.72% 22.64% -12.12%
Cost Of Revenue $181.2M $218.3M $157.2M
YoY Change 15.25% 21.19% -9.59%
Gross Profit $106.8M $121.4M $96.04M
YoY Change 11.2% 25.38% -15.98%
Gross Profit Margin 37.08% 35.74% 37.92%
Selling, General & Admin $78.49M $85.05M $79.30M
YoY Change -1.02% 10.02% -9.58%
% of Gross Profit 73.5% 70.07% 82.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.67M $12.62M $11.93M
YoY Change -10.59% -9.17% -2.18%
% of Gross Profit 9.99% 10.4% 12.43%
Operating Expenses $78.49M $85.05M $79.30M
YoY Change -1.02% 9.88% -9.58%
Operating Profit $27.42M $36.33M $16.87M
YoY Change 62.58% 87.2% -36.59%
Interest Expense $6.850M -$7.409M $7.256M
YoY Change -5.6% -43.87% -229.57%
% of Operating Profit 24.98% -20.39% 43.02%
Other Income/Expense, Net -$170.0K -$264.0K -$715.0K
YoY Change -76.22% -79.69% -52.33%
Pretax Income $20.40M $26.26M $8.900M
YoY Change 129.21% 310.27% -108.85%
Income Tax $7.100M $4.431M $2.000M
% Of Pretax Income 34.8% 16.88% 22.47%
Net Earnings $13.29M $21.83M $6.938M
YoY Change 91.6% 11.27% -106.79%
Net Earnings / Revenue 4.62% 6.43% 2.74%
Basic Earnings Per Share $0.22 $0.12
Diluted Earnings Per Share $0.22 $369.6K $0.12
COMMON SHARES
Basic Shares Outstanding 59.25M shares 59.28M shares 58.73M shares
Diluted Shares Outstanding 59.25M shares 58.73M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.09M $97.25M $106.9M
YoY Change -28.82% -5.67% 47.04%
Cash & Equivalents $76.09M $97.25M $106.9M
Short-Term Investments
Other Short-Term Assets $43.33M $38.32M $38.80M
YoY Change 11.68% 61.69% -13.39%
Inventory $319.4M $265.1M $243.1M
Prepaid Expenses
Receivables $145.0M $171.7M $128.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $583.8M $572.3M $517.4M
YoY Change 12.82% 15.53% -3.09%
LONG-TERM ASSETS
Property, Plant & Equipment $406.1M $420.4M $443.2M
YoY Change -8.37% -8.02% 34.82%
Goodwill $139.8M $147.0M $156.0M
YoY Change -10.36% -11.31% 13.08%
Intangibles $72.60M $76.20M $83.20M
YoY Change -12.74% 0.6%
Long-Term Investments
YoY Change
Other Assets $84.37M $90.16M $80.49M
YoY Change 4.82% 10.14% 3.71%
Total Long-Term Assets $726.0M $757.7M $777.9M
YoY Change -6.67% -6.53% 3.28%
TOTAL ASSETS
Total Short-Term Assets $583.8M $572.3M $517.4M
Total Long-Term Assets $726.0M $757.7M $777.9M
Total Assets $1.310B $1.330B $1.295B
YoY Change 1.12% 1.84% 0.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $86.98M $85.92M $72.03M
YoY Change 20.75% 46.41% 4.85%
Accrued Expenses $130.0M $146.3M $116.6M
YoY Change 11.54% 38.36% 0.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $14.94M $15.00M $15.18M
YoY Change -1.56% -2.07% -50.81%
Total Short-Term Liabilities $245.9M $261.8M $217.1M
YoY Change 13.26% 35.44% -5.73%
LONG-TERM LIABILITIES
Long-Term Debt $506.8M $503.1M $547.4M
YoY Change -7.42% -10.37% -8.22%
Other Long-Term Liabilities $81.20M $87.16M $100.4M
YoY Change -19.13% -16.31% -0.76%
Total Long-Term Liabilities $588.0M $590.2M $647.8M
YoY Change -9.23% -11.3% -7.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $245.9M $261.8M $217.1M
Total Long-Term Liabilities $588.0M $590.2M $647.8M
Total Liabilities $942.9M $966.7M $980.5M
YoY Change -3.84% -1.31% -6.48%
SHAREHOLDERS EQUITY
Retained Earnings $274.1M $261.4M $214.9M
YoY Change 27.56% 25.35% 19.34%
Common Stock $260.8M $259.0M $254.5M
YoY Change 2.49% 2.06% 0.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $366.9M $363.4M $314.8M
YoY Change
Total Liabilities & Shareholders Equity $1.310B $1.330B $1.295B
YoY Change 1.12% 1.84% 0.64%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q2
OPERATING ACTIVITIES
Net Income $13.29M $21.83M $6.938M
YoY Change 91.6% 11.27% -106.79%
Depreciation, Depletion And Amortization $10.67M $12.62M $11.93M
YoY Change -10.59% -9.17% -2.18%
Cash From Operating Activities -$17.70M $22.63M $24.86M
YoY Change -171.2% 3.82% -258.31%
INVESTING ACTIVITIES
Capital Expenditures $4.781M -$10.67M $5.214M
YoY Change -8.3% -33.34% -123.49%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0% -100.0%
Cash From Investing Activities -$4.781M -$10.67M -$5.214M
YoY Change -8.3% -26.95% -76.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.894M -7.779M -$12.98M
YoY Change -122.29% -37.77% -139.94%
NET CHANGE
Cash From Operating Activities -$17.70M 22.63M $24.86M
Cash From Investing Activities -$4.781M -10.67M -$5.214M
Cash From Financing Activities $2.894M -7.779M -$12.98M
Net Change In Cash -$21.16M 4.189M $3.870M
YoY Change -646.87% -179.04% -170.36%
FREE CASH FLOW
Cash From Operating Activities -$17.70M $22.63M $24.86M
Capital Expenditures $4.781M -$10.67M $5.214M
Free Cash Flow -$22.48M $33.30M $19.64M
YoY Change -214.44% -11.91% 202.17%

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DeferredIncomeTaxesAndTaxCredits
4196000 USD
CY2021Q2 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
230000 USD
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1342000 USD
CY2021Q2 us-gaap Amortization Of Intangible Assets
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1421000 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Receivable
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-26135000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Receivable
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-9794000 USD
CY2022Q2 us-gaap Increase Decrease In Inventories
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56464000 USD
CY2021Q2 us-gaap Increase Decrease In Inventories
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19046000 USD
CY2022Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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5252000 USD
CY2021Q2 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
15852000 USD
CY2022Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-13798000 USD
CY2021Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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28512000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
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24855000 USD
CY2022Q2 us-gaap Payments To Acquire Property Plant And Equipment
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4781000 USD
CY2021Q2 us-gaap Payments To Acquire Property Plant And Equipment
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5214000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Investing Activities
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-4781000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Investing Activities
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-5214000 USD
CY2022Q2 us-gaap Repayments Of Lines Of Credit
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44729000 USD
CY2021Q2 us-gaap Repayments Of Lines Of Credit
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30239000 USD
CY2022Q2 us-gaap Proceeds From Issuance Of Secured Debt
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48500000 USD
CY2021Q2 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
18000000 USD
CY2022Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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398000 USD
CY2021Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
179000 USD
CY2022Q2 us-gaap Payments Of Debt Issuance Costs
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0 USD
CY2021Q2 us-gaap Payments Of Debt Issuance Costs
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36000 USD
CY2022Q2 us-gaap Finance Lease Principal Payments
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479000 USD
CY2021Q2 us-gaap Finance Lease Principal Payments
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527000 USD
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
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2894000 USD
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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-19583000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
6660000 USD
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1581000 USD
CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2790000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-21164000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3870000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103053000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
97252000 USD
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76088000 USD
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
106923000 USD
CY2022Q2 us-gaap Inventory Finished Goods Net Of Reserves
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CY2022Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
182896000 USD
CY2022Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
18505000 USD
CY2022Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
15185000 USD
CY2022Q2 us-gaap Inventory Raw Materials Net Of Reserves
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73605000 USD
CY2022Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
67011000 USD
CY2022Q2 us-gaap Inventory Net
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319367000 USD
CY2022Q1 us-gaap Inventory Net
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265092000 USD
CY2022Q2 us-gaap Net Income Loss
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13293000 USD
CY2021Q2 us-gaap Net Income Loss
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6938000 USD
CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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190000 USD
CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
190000 USD
CY2021Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
89000 USD
CY2021Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
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89000 USD
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13103000 USD
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13103000 USD
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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6849000 USD
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6849000 USD
CY2022Q2 tile Weighted Average Shares Outstanding Basic Excluding Participating Securities
WeightedAverageSharesOutstandingBasicExcludingParticipatingSecurities
58403000 shares
CY2021Q2 tile Weighted Average Shares Outstanding Basic Excluding Participating Securities
WeightedAverageSharesOutstandingBasicExcludingParticipatingSecurities
57979000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
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845000 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
751000 shares
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59248000 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58730000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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59248000 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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58730000 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2022Q2 us-gaap Debt Instrument Carrying Amount
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528498000 USD
CY2022Q1 us-gaap Debt Instrument Carrying Amount
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525131000 USD
CY2022Q2 us-gaap Deferred Finance Costs Net
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6756000 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
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7073000 USD
CY2022Q2 us-gaap Long Term Debt
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521742000 USD
CY2022Q1 us-gaap Long Term Debt
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518058000 USD
CY2022Q2 us-gaap Long Term Debt Current
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14939000 USD
CY2022Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
15002000 USD
CY2022Q2 us-gaap Long Term Debt Noncurrent
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506803000 USD
CY2022Q1 us-gaap Long Term Debt Noncurrent
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503056000 USD
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
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0.01
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.01
CY2022Q2 tile Lessee Lease Renewal Term
LesseeLeaseRenewalTerm
P5Y
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
85323000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
90561000 USD
CY2022Q2 us-gaap Operating Lease Liability Current
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13906000 USD
CY2022Q1 us-gaap Operating Lease Liability Current
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14588000 USD
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
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73454000 USD
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
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77905000 USD
CY2022Q2 us-gaap Operating Lease Liability
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87360000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
92493000 USD
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4475000 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
6547000 USD
CY2022Q2 us-gaap Finance Lease Liability Current
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1806000 USD
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
1837000 USD
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3055000 USD
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
3201000 USD
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
4861000 USD
CY2022Q1 us-gaap Finance Lease Liability
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5038000 USD
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
517000 USD
CY2021Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
279000 USD
CY2022Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
29000 USD
CY2021Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
32000 USD
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
4918000 USD
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
5886000 USD
CY2022Q2 us-gaap Short Term Lease Cost
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227000 USD
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
463000 USD
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
616000 USD
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
806000 USD
CY2022Q2 us-gaap Lease Cost
LeaseCost
6307000 USD
CY2021Q2 us-gaap Lease Cost
LeaseCost
7466000 USD
CY2022Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
21000 USD
CY2021Q2 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
32000 USD
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
4635000 USD
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
5200000 USD
CY2022Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
479000 USD
CY2021Q2 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
527000 USD
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
382000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1273000 USD
CY2022Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
20000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2378000 USD
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M13D
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y10M20D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y11M19D
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0290
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0282
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0589
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0587
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
165000 USD
CY2022Q2 tile Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
59149000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
13077000 USD
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1433000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
13540000 USD
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1582000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11980000 USD
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1208000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
10162000 USD
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
487000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10387000 USD
CY2022Q2 tile Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
260000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
118295000 USD
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
5135000 USD
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
30935000 USD
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
274000 USD
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
87360000 USD
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
4861000 USD
CY2022Q1 us-gaap Goodwill
Goodwill
147025000 USD
CY2022Q2 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-7215000 USD
CY2022Q2 us-gaap Goodwill
Goodwill
139810000 USD
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
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72600000 USD
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
76200000 USD
CY2022Q2 us-gaap Number Of Operating Segments
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2
CY2022Q2 tile Intersegment Revenues
IntersegmentRevenues
17300000 USD
CY2021Q2 tile Intersegment Revenues
IntersegmentRevenues
15700000 USD
CY2022Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
288002000 USD
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
253260000 USD
CY2022Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10670000 USD
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
11934000 USD
CY2022Q2 us-gaap Assets
Assets
1309785000 USD
CY2022Q1 us-gaap Assets
Assets
1330057000 USD
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
27420000 USD
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
16866000 USD
CY2022Q2 us-gaap Interest Expense
InterestExpense
6850000 USD
CY2021Q2 us-gaap Interest Expense
InterestExpense
7256000 USD
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-170000 USD
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-715000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20400000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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8895000 USD
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
1300000 USD
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
1600000 USD
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2800000 USD
CY2021Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3200000 USD
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7100000 USD
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20400000 USD
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.348
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2000000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8900000 USD
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.220
CY2022Q2 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-300000 USD
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8500000 USD
CY2022Q2 tile Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
-2800000 USD
CY2022Q2 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
2600000 USD
CY2022Q2 us-gaap Reclassifications
Reclassifications
ITEMS RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE LOSS<div style="margin-top:10pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Amounts reclassified out of accumulated other comprehensive loss (“AOCI”), before tax, to the consolidated condensed statements of operations during the three months ended April 3, 2022 and April 4, 2021 are reflected in the table below:</span></div><div style="margin-top:10pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:37.496%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:29.309%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.666%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.669%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Three Months Ended</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Statement of Operations Location</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">April 3, 2022</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">April 4, 2021</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(in thousands)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest rate swap contracts loss</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(893)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,061)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Amortization of benefit plan net actuarial losses and prior service cost</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Other expense, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(496)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(711)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total loss reclassified from AOCI</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,389)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,772)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>
CY2022Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-1389000 USD
CY2021Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-1772000 USD
CY2022Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
887000 USD
CY2021Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
-130000 USD
CY2022Q1 us-gaap Restructuring Reserve
RestructuringReserve
2354000 USD
CY2022Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
887000 USD
CY2022Q2 us-gaap Payments For Restructuring
PaymentsForRestructuring
1054000 USD
CY2022Q2 tile Charged To Other Accounts
ChargedToOtherAccounts
-886000 USD
CY2022Q2 us-gaap Restructuring Reserve
RestructuringReserve
1301000 USD

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