2018 Q1 Form 10-K Financial Statement

#000119312518055988 Filed on February 23, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2018 2017 Q1
Revenue $739.3M $2.659B $706.5M
YoY Change 4.64% 4.94% 21.13%
Cost Of Revenue $607.5M $1.835B $573.7M
YoY Change 5.89% -13.02% 14.81%
Gross Profit $131.9M $402.7M $132.8M
YoY Change -0.68% -4.94% 58.92%
Gross Profit Margin 17.84% 15.15% 18.8%
Selling, General & Admin $54.80M $229.5M $55.80M
YoY Change -1.79% 7.45% 4.28%
% of Gross Profit 41.55% 57.0% 42.02%
Research & Development $13.70M
YoY Change
% of Gross Profit 3.4%
Depreciation & Amortization $47.00M $91.33M $45.00M
YoY Change 4.44% -41.54% 11.87%
% of Gross Profit 35.63% 22.68% 33.89%
Operating Expenses $60.70M $283.7M $62.30M
YoY Change -2.57% 13.41% -3.65%
Operating Profit $71.20M $119.0M $70.50M
YoY Change 0.99% -31.41% 272.98%
Interest Expense -$13.80M $53.90M -$15.30M
YoY Change -9.8% -29.09% -170.24%
% of Operating Profit -19.38% 45.3% -21.7%
Other Income/Expense, Net -$3.600M -$71.79M $9.000M
YoY Change -140.0% -32.56% -143.74%
Pretax Income $53.60M $47.19M $15.60M
YoY Change 243.59% -29.58% -1032.46%
Income Tax -$61.70M -$88.21M $17.40M
% Of Pretax Income -115.11% -186.94% 111.54%
Net Earnings $49.20M $173.6M -$2.000M
YoY Change -2560.0% 397.93% -72.47%
Net Earnings / Revenue 6.65% 6.53% -0.28%
Basic Earnings Per Share $1.68
Diluted Earnings Per Share $366.6K $1.38 -$19.92K
COMMON SHARES
Basic Shares Outstanding 102.3M shares 103.4M 100.4M shares
Diluted Shares Outstanding 134.0M

Balance Sheet

Concept 2018 Q1 2018 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $409.3M $256.4M $256.3M
YoY Change 59.7% -37.37% 39.52%
Cash & Equivalents $409.3M $256.4M $256.3M
Short-Term Investments
Other Short-Term Assets $33.50M $30.30M $54.60M
YoY Change -38.64% -9.28% 97.11%
Inventory $294.6M $109.4M $269.2M
Prepaid Expenses
Receivables $483.9M $810.9M $432.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.221B $1.207B $1.013B
YoY Change 20.58% -1.18% 11.52%
LONG-TERM ASSETS
Property, Plant & Equipment $1.057B $1.052B $966.6M
YoY Change 9.33% -0.45% -10.13%
Goodwill $372.6M $372.6M
YoY Change -0.01% 7.38%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.21M $55.60M $21.38M
YoY Change 31.97% 97.16% 6.45%
Total Long-Term Assets $1.561B $2.251B $1.487B
YoY Change 4.93% 44.21% -6.32%
TOTAL ASSETS
Total Short-Term Assets $1.221B $1.207B $1.013B
Total Long-Term Assets $1.561B $2.251B $1.487B
Total Assets $2.782B $3.458B $2.500B
YoY Change 11.27% 24.29% 0.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $497.5M $431.3M $371.6M
YoY Change 33.86% -13.31% 13.28%
Accrued Expenses $218.3M $197.2M $194.4M
YoY Change 12.29% 0.51% 2.32%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.600M $30.00M $110.7M
YoY Change -95.84% 552.17% 37.69%
Total Short-Term Liabilities $720.4M $673.2M $689.1M
YoY Change 4.54% -6.55% 15.15%
LONG-TERM LIABILITIES
Long-Term Debt $975.5M $1.462B $909.0M
YoY Change 7.31% 49.91% -11.04%
Other Long-Term Liabilities $74.67M $94.80M $72.86M
YoY Change 2.49% 26.91% 26.41%
Total Long-Term Liabilities $1.050B $1.557B $981.9M
YoY Change 6.95% 48.28% -9.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $720.4M $673.2M $689.1M
Total Long-Term Liabilities $1.050B $1.557B $981.9M
Total Liabilities $1.771B $2.230B $1.671B
YoY Change 5.96% 25.98% -0.41%
SHAREHOLDERS EQUITY
Retained Earnings $230.9M $74.79M
YoY Change 208.68% 93.25%
Common Stock $777.1M $758.5M
YoY Change 2.45% 1.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.011B $1.227B $820.8M
YoY Change
Total Liabilities & Shareholders Equity $2.782B $3.458B $2.500B
YoY Change 11.27% 24.29% 0.17%

Cashflow Statement

Concept 2018 Q1 2018 2017 Q1
OPERATING ACTIVITIES
Net Income $49.20M $173.6M -$2.000M
YoY Change -2560.0% 397.93% -72.47%
Depreciation, Depletion And Amortization $47.00M $91.33M $45.00M
YoY Change 4.44% -41.54% 11.87%
Cash From Operating Activities $152.7M $273.1M $97.60M
YoY Change 56.45% -8.45% 445.25%
INVESTING ACTIVITIES
Capital Expenditures -$32.40M $150.1M -$22.60M
YoY Change 43.36% 76.33% -212.35%
Acquisitions $596.4M
YoY Change
Other Investing Activities $200.0K -$596.1M $2.100M
YoY Change -90.48% -2283.52% -40.0%
Cash From Investing Activities -$32.20M -$746.2M -$20.50M
YoY Change 57.07% 857.05% 23.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $700.9M
YoY Change -31.46%
Cash From Financing Activities -14.00M 321.1M -110.7M
YoY Change -87.35% -247.88% 44.71%
NET CHANGE
Cash From Operating Activities 152.7M 273.1M 97.60M
Cash From Investing Activities -32.20M -746.2M -20.50M
Cash From Financing Activities -14.00M 321.1M -110.7M
Net Change In Cash 106.5M -153.0M -33.60M
YoY Change -416.96% -4793.65% -55.32%
FREE CASH FLOW
Cash From Operating Activities $152.7M $273.1M $97.60M
Capital Expenditures -$32.40M $150.1M -$22.60M
Free Cash Flow $185.1M $123.0M $120.2M
YoY Change 53.99% -42.3% -5524.19%

Facts In Submission

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CY2015 us-gaap Share Based Compensation
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322000
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247000
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35427000
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3052000
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18100000
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1371000
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811000
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264000
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345000
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345000
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3911000
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888000
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763000
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33250000
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CY2015 ttmi Convertible Notes Contractual Coupon Interest
ConvertibleNotesContractualCouponInterest
4770000
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CapitalExpenditures
77565000
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20832000
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PaymentOfAccretiveInterestOnConvertibleNotes
8731000
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3000
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IncomeTaxReconciliationAcquisitionRelatedExpenses
7692000
CY2015 ttmi Allowance For Doubtful Accounts Receivable Effect Of Foreign Currency Exchange Rate
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1000
CY2015 ttmi Income Tax Holiday Shares Basic
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92675000 shares
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IncomeTaxHolidaySharesDiluted
92675000 shares
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255000 shares
CY2018 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2018 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2018 dei Document Type
DocumentType
10-K
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
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CY2018 dei Entity Central Index Key
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0001116942
CY2018 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2018 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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332755000
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CY2018 dei Amendment Flag
AmendmentFlag
false
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P4Y2M12D
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11.16
CY2018 dei Trading Symbol
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TTMI
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132476000 shares
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9808000
CY2018 dei Current Fiscal Year End Date
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1.22
CY2018 dei Document Period End Date
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2018-01-01
CY2018 dei Entity Current Reporting Status
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Yes
CY2018 dei Entity Filer Category
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Large Accelerated Filer
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2157000 shares
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2018 us-gaap Use Of Estimates
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%; MARGIN-TOP: 6px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Use of Estimates</i></b></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Such estimates include the sales return reserve; accounts receivable; inventories; goodwill; intangible assets and other long-lived assets; self insurance reserves; product warranty liabilities; environmental liabilities; legal contingencies; income taxes; and others. These estimates and assumptions are based on management&#x2019;s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the economic environment, which management believes to be reasonable under the circumstances. Management adjusts such estimates and assumptions when facts and circumstances dictate. The actual results we experienced may differ materially and adversely from our estimates. To the extent there are material differences between the estimates and actual results, our future result of operations will be affected.</font></p> </div>
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2 Segment
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4 Reporting_unit
CY2018 dei Entity Registrant Name
EntityRegistrantName
TTM TECHNOLOGIES INC
CY2018 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P4Y2M12D
CY2018 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
25940000 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
5000000 shares
CY2018 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
78000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
151345000
CY2018 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
438000
CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
47294000
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-768000
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-22802000
CY2018 us-gaap Undistributed Earnings
UndistributedEarnings
124214000
CY2018 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2658592000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
212760000
CY2018 us-gaap Net Income Loss
NetIncomeLoss
124214000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
39062000
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
25376000
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
172459000
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
171946000
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18290000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1965000
CY2018 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
138017000
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
700875000
CY2018 us-gaap Profit Loss
ProfitLoss
124727000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-4178000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
139958000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
84805000
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
719000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-11000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9155000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
31000
CY2018 us-gaap Depreciation
Depreciation
150809000
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
3360000
CY2018 us-gaap Payments For Restructuring
PaymentsForRestructuring
1857000
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9842000
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
47294000
CY2018 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
9190000
CY2018 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
51115000
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1270000
CY2018 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
11935000
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
20075000
CY2018 us-gaap Gross Profit
GrossProfit
429581000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1661000
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
74000
CY2018 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
15000
CY2018 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
8568000
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-18136000
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
276000
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
47732000
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-72802000
CY2018 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
13803000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2005000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
144136000
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
59228000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15231000
CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
54602000
CY2018 us-gaap Interest Expense
InterestExpense
53898000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-124090000
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
27255000
CY2018 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
0
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
18290000
CY2018 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
0
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1288000
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
666000
CY2018 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
8570000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-82000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
24006000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
24386000
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
42461000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
48985000
CY2018 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
65856000
CY2018 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
10970000
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
126141000
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-238000
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
26659000
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
513000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-58976000
CY2018 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
16665000
CY2018 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-162000
CY2018 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-63000000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
346000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3846000
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
858000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
23634000
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
153049000
CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
513000
CY2018 us-gaap Cost Of Goods Sold
CostOfGoodsSold
2229011000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
462000
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-9175000
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
171400000
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-30412000
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
462000
CY2018 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
3992000
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-66716000
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1494000
CY2018 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
783000
CY2018 us-gaap Operating Expenses
OperatingExpenses
216821000
CY2018 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
9982000
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
725000000
CY2018 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
74000
CY2018 us-gaap Restructuring Charges
RestructuringCharges
1190000
CY2018 ttmi Workers Compensation Individual Self Insurance Program
WorkersCompensationIndividualSelfInsuranceProgram
250000
CY2018 ttmi Number Of Countries Parent Company Markets And Sells Its Products
NumberOfCountriesParentCompanyMarketsAndSellsItsProducts
65 Country
CY2018 ttmi Income Tax Reconciliation Foreign Dividends
IncomeTaxReconciliationForeignDividends
457000
CY2018 ttmi Share Based Compensation Arrangement By Share Based Payment Award Award Expiration Month And Year
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardExpirationMonthAndYear
2024-02
CY2018 ttmi Share Based Compensation Arrangements Shares Authorized For Issuance
ShareBasedCompensationArrangementsSharesAuthorizedForIssuance
10288000 shares
CY2018 ttmi Incremental Common Shares Attributable To Warrants
IncrementalCommonSharesAttributableToWarrants
2799000 shares
CY2018 ttmi Revenue Recognition Sales Returns Reserve For Sales Returns Provision
RevenueRecognitionSalesReturnsReserveForSalesReturnsProvision
14574000
CY2018 ttmi Restructuring Reserve Period Expense And Other Related Charges
RestructuringReservePeriodExpenseAndOtherRelatedCharges
1190000
CY2018 ttmi Number Of Retirement Benefit Plans
NumberOfRetirementBenefitPlans
4 CompensationPlan
CY2017 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
7666000
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
25122000
CY2017 us-gaap Gross Profit
GrossProfit
423615000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
22182000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1545000
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1743000
CY2018 ttmi Income Tax Holiday Income Tax Benefits Per Share Diluted
IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
0.09
CY2018 ttmi Income Tax Reconciliation Intercompany Interest Disallowed
IncomeTaxReconciliationIntercompanyInterestDisallowed
743000
CY2018 ttmi Percentage Of Recognized Income Tax Positions
PercentageOfRecognizedIncomeTaxPositions
0.50 pure
CY2018 ttmi Group Health Individual Self Insurance Program
GroupHealthIndividualSelfInsuranceProgram
350000
CY2018 ttmi Payment Of Original Issue Discount
PaymentOfOriginalIssueDiscount
1750000
CY2018 ttmi Income Tax Holiday Income Tax Benefits Per Share Basic
IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
0.12
CY2018 ttmi Registered Capital Balance
RegisteredCapitalBalance
0.50 pure
CY2018 ttmi Purchase Of Additional Interest In Majority Owned Interest
PurchaseOfAdditionalInterestInMajorityOwnedInterest
-8568000
CY2018 ttmi Percentage Of Net Sales If Exceed Company Does Not Conduct Business
PercentageOfNetSalesIfExceedCompanyDoesNotConductBusiness
0.10 pure
CY2018 ttmi Convertible Notes Contractual Coupon Interest
ConvertibleNotesContractualCouponInterest
4375000
CY2018 ttmi Capital Expenditures
CapitalExpenditures
210591000
CY2018 ttmi Revenue Recognition Sales Returns Reserve For Sales Returns Deductions
RevenueRecognitionSalesReturnsReserveForSalesReturnsDeductions
14524000
CY2018 ttmi Revenue Recognition Reserve Sales Returns Effects Of Foreign Currency Exchange Rates
RevenueRecognitionReserveSalesReturnsEffectsOfForeignCurrencyExchangeRates
2000
CY2018 ttmi Allowance For Doubtful Accounts Receivable Effect Of Foreign Currency Exchange Rate
AllowanceForDoubtfulAccountsReceivableEffectOfForeignCurrencyExchangeRate
-10000
CY2018 ttmi Income Tax Holiday Shares Basic
IncomeTaxHolidaySharesBasic
101580000 shares
CY2018 ttmi Income Tax Holiday Shares Diluted
IncomeTaxHolidaySharesDiluted
132476000 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
892000 shares
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2017 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
298336000
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y0M0D
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101482000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100099000 shares
CY2017 us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
-38000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.78
CY2017 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
11689000
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1383000 shares
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
20000 shares
CY2017 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
991000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
85139000
CY2017 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
92000
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-46044000
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-47767000
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
13538000
CY2017 us-gaap Undistributed Earnings
UndistributedEarnings
34861000
CY2017 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2533359000
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
173453000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
34861000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
72041000
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
289000
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-10377000
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11091000
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11090000
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5389000
CY2017 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
34861000
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1022625000
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
805000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24252000
CY2017 us-gaap Profit Loss
ProfitLoss
35575000
CY2017 us-gaap Payments For Restructuring
PaymentsForRestructuring
14364000
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1227000
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-46044000
CY2017 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-900000
CY2017 us-gaap Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
-23212000
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1270000
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
17324000
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-83000
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
714000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-217109000
CY2017 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
10329000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-175000
CY2017 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
30000000
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1560000
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2286000
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-45952000
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-106451000
CY2017 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-3530000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3606000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
152325000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-85323000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
67002000
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
25108000
CY2017 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
223000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
901000
CY2017 us-gaap Depreciation
Depreciation
156229000
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-6082000
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31427000
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7796000
CY2017 us-gaap Interest Expense
InterestExpense
76008000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-77968000
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3641000
CY2017 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
0
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
11090000
CY2017 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
3346000
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2507000
CY2017 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
8034000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
342000
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
29672000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
30526000
CY2017 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
36172000
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
22780000
CY2017 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-242000
CY2017 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
66366000
CY2017 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
19066000
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
147247000
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
259000
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-13977000
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2823000
CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
714000
CY2017 us-gaap Cost Of Goods Sold
CostOfGoodsSold
2109744000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
512000
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
901000
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-17530000
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-906000
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
3464000
CY2017 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
19119000
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1876000
CY2017 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
709000
CY2017 us-gaap Operating Expenses
OperatingExpenses
250162000
CY2017 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-4645000
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
775000000
CY2017 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1743000
CY2017 us-gaap Restructuring Charges
RestructuringCharges
8951000
CY2017 ttmi Income Tax Reconciliation Foreign Dividends
IncomeTaxReconciliationForeignDividends
4585000
CY2017 ttmi Revenue Recognition Sales Returns Reserve For Sales Returns Provision
RevenueRecognitionSalesReturnsReserveForSalesReturnsProvision
22060000
CY2017 ttmi Restructuring Reserve Period Expense And Other Related Charges
RestructuringReservePeriodExpenseAndOtherRelatedCharges
9193000
CY2017 ttmi Income Tax Holiday Income Tax Benefits Per Share Diluted
IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
0.08
CY2017 ttmi Income Tax Reconciliation Intercompany Interest Disallowed
IncomeTaxReconciliationIntercompanyInterestDisallowed
335000
CY2017 ttmi Income Tax Holiday Income Tax Benefits Per Share Basic
IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
0.08
CY2017 ttmi Convertible Notes Contractual Coupon Interest
ConvertibleNotesContractualCouponInterest
4375000
CY2017 ttmi Capital Expenditures
CapitalExpenditures
83397000
CY2017 ttmi Revenue Recognition Sales Returns Reserve For Sales Returns Deductions
RevenueRecognitionSalesReturnsReserveForSalesReturnsDeductions
21728000
CY2017 ttmi Revenue Recognition Reserve Sales Returns Effects Of Foreign Currency Exchange Rates
RevenueRecognitionReserveSalesReturnsEffectsOfForeignCurrencyExchangeRates
-2000
CY2017 ttmi Income Tax Reconciliation Acquisition Related Expenses
IncomeTaxReconciliationAcquisitionRelatedExpenses
591000
CY2017 ttmi Allowance For Doubtful Accounts Receivable Effect Of Foreign Currency Exchange Rate
AllowanceForDoubtfulAccountsReceivableEffectOfForeignCurrencyExchangeRate
-11000
CY2017 ttmi Income Tax Holiday Shares Basic
IncomeTaxHolidaySharesBasic
100099000 shares
CY2017 ttmi Income Tax Holiday Shares Diluted
IncomeTaxHolidaySharesDiluted
101482000 shares

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