2019 Q1 Form 10-K Financial Statement

#000156459019004520 Filed on February 26, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1 2018
Revenue $739.3M $2.659B
YoY Change 4.64% 4.94%
Cost Of Revenue $607.5M $1.835B
YoY Change 5.89% -13.02%
Gross Profit $131.9M $402.7M
YoY Change -0.68% -4.94%
Gross Profit Margin 17.84% 15.15%
Selling, General & Admin $54.80M $229.5M
YoY Change -1.79% 7.45%
% of Gross Profit 41.55% 57.0%
Research & Development $13.70M
YoY Change
% of Gross Profit 3.4%
Depreciation & Amortization $47.00M $91.33M
YoY Change 4.44% -41.54%
% of Gross Profit 35.63% 22.68%
Operating Expenses $60.70M $283.7M
YoY Change -2.57% 13.41%
Operating Profit $71.20M $119.0M
YoY Change 0.99% -31.41%
Interest Expense -$13.80M $53.90M
YoY Change -9.8% -29.09%
% of Operating Profit -19.38% 45.3%
Other Income/Expense, Net -$3.600M -$71.79M
YoY Change -140.0% -32.56%
Pretax Income $53.60M $47.19M
YoY Change 243.59% -29.58%
Income Tax -$61.70M -$88.21M
% Of Pretax Income -115.11% -186.94%
Net Earnings $49.20M $173.6M
YoY Change -2560.0% 397.93%
Net Earnings / Revenue 6.65% 6.53%
Basic Earnings Per Share $1.68
Diluted Earnings Per Share $366.6K $1.38
COMMON SHARES
Basic Shares Outstanding 104.4M 102.3M shares 103.4M
Diluted Shares Outstanding 134.0M

Balance Sheet

Concept 2019 Q1 2018 Q1 2018
SHORT-TERM ASSETS
Cash & Short-Term Investments $409.3M $256.4M
YoY Change 59.7% -37.37%
Cash & Equivalents $409.3M $256.4M
Short-Term Investments
Other Short-Term Assets $33.50M $30.30M
YoY Change -38.64% -9.28%
Inventory $294.6M $109.4M
Prepaid Expenses
Receivables $483.9M $810.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.221B $1.207B
YoY Change 20.58% -1.18%
LONG-TERM ASSETS
Property, Plant & Equipment $1.057B $1.052B
YoY Change 9.33% -0.45%
Goodwill $372.6M
YoY Change -0.01%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.21M $55.60M
YoY Change 31.97% 97.16%
Total Long-Term Assets $1.561B $2.251B
YoY Change 4.93% 44.21%
TOTAL ASSETS
Total Short-Term Assets $1.221B $1.207B
Total Long-Term Assets $1.561B $2.251B
Total Assets $2.782B $3.458B
YoY Change 11.27% 24.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $497.5M $431.3M
YoY Change 33.86% -13.31%
Accrued Expenses $218.3M $197.2M
YoY Change 12.29% 0.51%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.600M $30.00M
YoY Change -95.84% 552.17%
Total Short-Term Liabilities $720.4M $673.2M
YoY Change 4.54% -6.55%
LONG-TERM LIABILITIES
Long-Term Debt $975.5M $1.462B
YoY Change 7.31% 49.91%
Other Long-Term Liabilities $74.67M $94.80M
YoY Change 2.49% 26.91%
Total Long-Term Liabilities $1.050B $1.557B
YoY Change 6.95% 48.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $720.4M $673.2M
Total Long-Term Liabilities $1.050B $1.557B
Total Liabilities $1.771B $2.230B
YoY Change 5.96% 25.98%
SHAREHOLDERS EQUITY
Retained Earnings $230.9M
YoY Change 208.68%
Common Stock $777.1M
YoY Change 2.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.011B $1.227B
YoY Change
Total Liabilities & Shareholders Equity $2.782B $3.458B
YoY Change 11.27% 24.29%

Cashflow Statement

Concept 2019 Q1 2018 Q1 2018
OPERATING ACTIVITIES
Net Income $49.20M $173.6M
YoY Change -2560.0% 397.93%
Depreciation, Depletion And Amortization $47.00M $91.33M
YoY Change 4.44% -41.54%
Cash From Operating Activities $152.7M $273.1M
YoY Change 56.45% -8.45%
INVESTING ACTIVITIES
Capital Expenditures -$32.40M $150.1M
YoY Change 43.36% 76.33%
Acquisitions $596.4M
YoY Change
Other Investing Activities $200.0K -$596.1M
YoY Change -90.48% -2283.52%
Cash From Investing Activities -$32.20M -$746.2M
YoY Change 57.07% 857.05%
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
YoY Change -87.35% -247.88%
NET CHANGE
Cash From Operating Activities 152.7M 273.1M
Cash From Investing Activities -32.20M -746.2M
Cash From Financing Activities -14.00M 321.1M
Net Change In Cash 106.5M -153.0M
YoY Change -416.96% -4793.65%
FREE CASH FLOW
Cash From Operating Activities $152.7M $273.1M
Capital Expenditures -$32.40M $150.1M
Free Cash Flow $185.1M $123.0M
YoY Change 53.99% -42.3%

Facts In Submission

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CY2018 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
54602000
CY2017 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-7796000
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
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-4558000
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-30488000
CY2018 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
26659000
CY2017 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-13977000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
273138000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
332755000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
298336000
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
596396000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
150127000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
151345000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
85139000
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
331000
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
27255000
CY2017 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3641000
CY2017 us-gaap Increase Decrease In Restricted Cash
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-3530000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-746192000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-124090000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-77968000
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
600000000
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
725000000
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
775000000
CY2018 us-gaap Repayments Of Long Term Debt
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114378000
CY2018 us-gaap Repayments Of Long Term Debt
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700875000
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1022625000
CY2018 us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
178604000
CY2018 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
23000000
CY2018 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-63000000
CY2017 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
30000000
CY2018 us-gaap Payments Of Debt Issuance Costs
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7653000
CY2018 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9842000
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1227000
CY2018 ttmi Payment Of Original Issue Discount
PaymentOfOriginalIssueDiscount
1500000
CY2018 ttmi Payment Of Original Issue Discount
PaymentOfOriginalIssueDiscount
1750000
CY2018 us-gaap Proceeds From Stock Options Exercised
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191000
CY2018 us-gaap Proceeds From Stock Options Exercised
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74000
CY2017 us-gaap Proceeds From Stock Options Exercised
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1743000
CY2018 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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8568000
CY2018 us-gaap Repayments Of Convertible Debt
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15000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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321056000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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-58976000
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-217109000
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-968000
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
3360000
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-6082000
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-152966000
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
153049000
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2823000
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
256277000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
259100000
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62967000
CY2018 us-gaap Interest Paid Net
InterestPaidNet
39062000
CY2017 us-gaap Interest Paid Net
InterestPaidNet
72041000
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27574000
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IncomeTaxesPaidNet
20075000
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IncomeTaxesPaidNet
25122000
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CapitalExpendituresIncurredButNotYetPaid
49169000
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
84805000
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
25108000
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
9260000
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="text-align:justify;margin-bottom:0pt;margin-top:9pt;margin-left:2.27%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Reclassifications</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:4pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain amounts in the prior period financial statements have been reclassified to conform to the presentation of the current period financial statements. These reclassifications had no effect on the previously reported net income. An adjustment has been made to combine the statutory surplus reserve with retained earnings on the consolidated balance sheets and the consolidated statements of stockholders&#8217; equity.</p>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-bottom:0pt;margin-top:9pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:4pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The 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; product warranty liabilities; legal contingencies; income taxes; pension obligations; and fair values of financial instruments. These estimates and assumptions are based on management&#8217;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. </p>
CY2018Q1 us-gaap Interest Payable Current
InterestPayableCurrent
6297000
CY2018Q4 us-gaap Restructuring Reserve Current
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3551000
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499000
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21993000
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89600000
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85896000
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171400000
CY2017Q1 us-gaap Goodwill
Goodwill
372609000
CY2018 ttmi Revenue Recognition Sales Returns Reserve For Sales Returns Deductions
RevenueRecognitionSalesReturnsReserveForSalesReturnsDeductions
15602000
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-38000
CY2018Q1 us-gaap Goodwill Gross
GoodwillGross
543971000
CY2018 ttmi Revenue Recognition Sales Returns Reserve For Sales Returns Deductions
RevenueRecognitionSalesReturnsReserveForSalesReturnsDeductions
14524000
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171400000
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394474000
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GoodwillGross
938445000
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3529000
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ForeignCurrencyTransactionGainLossBeforeTax
-22802000
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
13538000
CY2018Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2468000
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AllowanceForDoubtfulAccountsReceivable
2851000
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AllowanceForDoubtfulAccountsReceivable
1525000
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429000
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
346000
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1560000
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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141000
CY2018 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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CY2017 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
223000
CY2018 ttmi Allowance For Doubtful Accounts Receivable Effect Of Foreign Currency Exchange Rate
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-6000
CY2018 ttmi Allowance For Doubtful Accounts Receivable Effect Of Foreign Currency Exchange Rate
AllowanceForDoubtfulAccountsReceivableEffectOfForeignCurrencyExchangeRate
-10000
CY2017 ttmi Allowance For Doubtful Accounts Receivable Effect Of Foreign Currency Exchange Rate
AllowanceForDoubtfulAccountsReceivableEffectOfForeignCurrencyExchangeRate
-11000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2750000
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InterestCostsCapitalized
1438000
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1494000
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1876000
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
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19671000
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RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2018Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.64
CY2018Q1 ttmi Revenue Recognition Sale Return Reserve
RevenueRecognitionSaleReturnReserve
8171000
CY2017Q1 ttmi Revenue Recognition Sale Return Reserve
RevenueRecognitionSaleReturnReserve
8119000
CY2015Q4 ttmi Revenue Recognition Sale Return Reserve
RevenueRecognitionSaleReturnReserve
7789000
CY2018 ttmi Revenue Recognition Sales Returns Reserve For Sales Returns Provision
RevenueRecognitionSalesReturnsReserveForSalesReturnsProvision
23525000
CY2018 ttmi Revenue Recognition Sales Returns Reserve For Sales Returns Provision
RevenueRecognitionSalesReturnsReserveForSalesReturnsProvision
14574000
CY2017 ttmi Revenue Recognition Sales Returns Reserve For Sales Returns Provision
RevenueRecognitionSalesReturnsReserveForSalesReturnsProvision
22060000
CY2017 ttmi Revenue Recognition Sales Returns Reserve For Sales Returns Deductions
RevenueRecognitionSalesReturnsReserveForSalesReturnsDeductions
21728000
CY2018 ttmi Revenue Recognition Reserve Sales Returns Effects Of Foreign Currency Exchange Rates
RevenueRecognitionReserveSalesReturnsEffectsOfForeignCurrencyExchangeRates
-23000
CY2018 ttmi Revenue Recognition Reserve Sales Returns Effects Of Foreign Currency Exchange Rates
RevenueRecognitionReserveSalesReturnsEffectsOfForeignCurrencyExchangeRates
2000
CY2017 ttmi Revenue Recognition Reserve Sales Returns Effects Of Foreign Currency Exchange Rates
RevenueRecognitionReserveSalesReturnsEffectsOfForeignCurrencyExchangeRates
-2000
CY2018Q4 ttmi Revenue Recognition Sale Return Reserve
RevenueRecognitionSaleReturnReserve
16071000
CY2018 ttmi Contract Assets Converted To Trade Account Receivables Threshold Period
ContractAssetsConvertedToTradeAccountReceivablesThresholdPeriod
P90D
CY2018Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
0
CY2018 ttmi Contract Liabilities Converted To Revenue Threshold Period
ContractLiabilitiesConvertedToRevenueThresholdPeriod
P90D
CY2018Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
0
CY2018 ttmi Percentage Of Recognized Income Tax Positions
PercentageOfRecognizedIncomeTaxPositions
0.50
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018 ttmi Tax Cuts And Jobs Act Of2017 Incomplete Accounting Transition Tax For Accumulated Foreign Earnings Provisional Income Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingTransitionTaxForAccumulatedForeignEarningsProvisionalIncomeTaxExpense
0
CY2018 ttmi Tax Cuts And Jobs Act Of2017 Incomplete Accounting Foreign Global Intangible Low Taxed Income Provisions Deferred Tax
TaxCutsAndJobsActOf2017IncompleteAccountingForeignGlobalIntangibleLowTaxedIncomeProvisionsDeferredTax
0
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1872396000
CY2018Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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815551000
CY2018 us-gaap Cost Of Goods And Services Sold Amortization
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3345000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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53161000
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1023029000
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45419000
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DebtInstrumentUnamortizedDiscount
22167000
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RestructuringReserve
499000
CY2018 ttmi Restructuring Reserve Period Expense And Other Related Charges
RestructuringReservePeriodExpenseAndOtherRelatedCharges
5518000
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2466000
CY2018Q4 us-gaap Restructuring Reserve
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3551000
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97600000
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75835000
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10299000
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120031000
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1478000
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98722000
CY2018Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
70681000
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BuildingsAndImprovementsGross
506394000
CY2018Q1 us-gaap Machinery And Equipment Gross
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1243456000
CY2018Q1 ttmi Construction In Progress Furniture And Fixtures And Other
ConstructionInProgressFurnitureAndFixturesAndOther
51865000
CY2018Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
171400000
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542634000
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FiniteLivedIntangibleAssetsGross
206563000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
166711000
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FiniteLivedIntangibleAssetsAccumulatedAmortization
103685000
CY2018Q1 ttmi Finite Lived Intangible Assets Accumulated Foreign Exchange Impact
FiniteLivedIntangibleAssetsAccumulatedForeignExchangeImpact
72000
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42108000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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39002000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
36290000
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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159943000
CY2018Q4 us-gaap Debt Instrument Carrying Amount
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1530864000
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DeferredFinanceCostsNet
16272000
CY2018Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12459000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1294000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
462000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
18991000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-4178000
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
901000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
18851000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-85323000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
70777000
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
512000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
12045000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
48985000
CY2018Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
30513000
CY2018Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
16272000
CY2018Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
12459000
CY2018Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1492425000
CY2018Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
980057000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
30000000
CY2018Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
4578000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1462425000
CY2018Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
975479000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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30000000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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319985000
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1180879000
CY2018Q2 ttmi Allocated Portion Of Commitments From Lenders Closed
AllocatedPortionOfCommitmentsFromLendersClosed
600000000
CY2018 ttmi Convertible Notes Contractual Coupon Interest
ConvertibleNotesContractualCouponInterest
4375000
CY2018 ttmi Convertible Notes Contractual Coupon Interest
ConvertibleNotesContractualCouponInterest
4375000
CY2017 ttmi Convertible Notes Contractual Coupon Interest
ConvertibleNotesContractualCouponInterest
4375000
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9142000
CY2018 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
8570000
CY2017 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
8034000
CY2018 us-gaap Amortization Of Financing Costs
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916000
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
858000
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
805000
CY2018 us-gaap Line Of Credit Facility Commitment Fee Amount
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992000
CY2018 us-gaap Line Of Credit Facility Commitment Fee Amount
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783000
CY2017 us-gaap Line Of Credit Facility Commitment Fee Amount
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709000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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144136000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
152325000
CY2018Q4 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
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4700000
CY2018 us-gaap Current Federal Tax Expense Benefit
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-381000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-82000
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
342000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
24006000
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
29672000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
12958000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
24386000
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
30526000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-97723000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
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-11000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-14351000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
31000
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
15300000
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-9175000
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
901000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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4528000
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5130000
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85300000
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22780000
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24826000
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228000
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
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462000
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-906000
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457000
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4585000
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64420000
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6413000
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8977000
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33661000
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19400000
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IncomeTaxReconciliationTransferPricing
-1483000
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1737000
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IncomeTaxReconciliationAcquisitionRelatedExpenses
591000
CY2018 ttmi Income Tax Reconciliation Internal Revenue Code Section162 M Limitation
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3702000
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-1072000
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743000
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335000
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15492000
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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59228000
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IncomeTaxReconciliationForeignIncomeTaxRateDifferentialAndOtherPermanentItems
-2045000
CY2018 ttmi Income Tax Reconciliation Foreign Income Tax Rate Differential And Other Permanent Items
IncomeTaxReconciliationForeignIncomeTaxRateDifferentialAndOtherPermanentItems
-30412000
CY2017 ttmi Income Tax Reconciliation Foreign Income Tax Rate Differential And Other Permanent Items
IncomeTaxReconciliationForeignIncomeTaxRateDifferentialAndOtherPermanentItems
-17530000
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-118451000
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-66716000
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19119000
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IncomeTaxReconciliationTaxContingencies
954000
CY2018 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
3992000
CY2017 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
3464000
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
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2996000
CY2018 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1270000
CY2017 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1270000
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-458000
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-238000
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
259000
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104801000
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29358000
CY2018Q4 ttmi Deferred Tax Assets Interest Expense Limitation
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1276000
CY2018Q4 us-gaap Deferred Tax Assets Hedging Transactions
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1128000
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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30962000
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202237000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
27426000
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174811000
CY2018Q4 ttmi Deferred Income Tax Liabilities Discount On Senior Convertible Notes
DeferredIncomeTaxLiabilitiesDiscountOnSeniorConvertibleNotes
4683000
CY2018Q4 ttmi Deferred Income Tax Liabilities Repatriation Of Foreign Earnings
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20282000
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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50622000
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252000
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13672000
CY2018Q1 us-gaap Deferred Tax Liabilities
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4859000
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net Current
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0
CY2018Q4 us-gaap Deferred Tax Assets Net Noncurrent
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13672000
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143095000
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23655000
CY2018Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
27012000
CY2018Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
5099000
CY2018Q1 ttmi Deferred Income Tax Assets Original Issue Discount On Convertible Notes
DeferredIncomeTaxAssetsOriginalIssueDiscountOnConvertibleNotes
7345000
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24170000
CY2018Q1 us-gaap Deferred Tax Assets Other
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1282000
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231658000
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167238000
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2286000
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828000
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0
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4859000
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38065000
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20345000
CY2018 us-gaap Operating Leases Rent Expense Net
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16665000
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12679000
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10329000
ttmi Share Based Compensation Arrangements Shares Authorized For Issuance
ShareBasedCompensationArrangementsSharesAuthorizedForIssuance
5288000
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
728000
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
666000
CY2018 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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11576000
CY2018 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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9808000
CY2018 ttmi Share Based Compensation Arrangements Shares Authorized For Issuance
ShareBasedCompensationArrangementsSharesAuthorizedForIssuance
10288000
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2024-02
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6496000
CY2018 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
11970000
CY2018 us-gaap Income Tax Reconciliation Tax Holidays
IncomeTaxReconciliationTaxHolidays
11935000
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IncomeTaxReconciliationTaxHolidays
7666000
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IncomeTaxHolidaySharesBasic
103355000
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IncomeTaxHolidaySharesBasic
101580000
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IncomeTaxHolidaySharesBasic
100099000
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134036000
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132476000
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IncomeTaxHolidaySharesDiluted
101482000
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IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
0.12
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IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
0.12
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IncomeTaxHolidayIncomeTaxBenefitsPerShareBasic
0.08
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IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
0.09
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IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
0.09
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IncomeTaxHolidayIncomeTaxBenefitsPerShareDiluted
0.08
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38841000
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UnrecognizedTaxBenefits
39727000
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UnrecognizedTaxBenefits
15404000
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UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
903000
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UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
22182000
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UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
856000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1965000
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5389000
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UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
117000
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1661000
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1545000
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2140000
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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3846000
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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2507000
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37849000
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26274000
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29033000
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13280000
CY2018Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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39553000
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1083000
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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2040000
CY2018 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-837000
CY2018 ttmi Number Of Customers Contributing To More Than Ten Percent Of Revenue
NumberOfCustomersContributingToMoreThanTenPercentOfRevenue
1
CY2018 ttmi Number Of Customers Contributing To More Than Ten Percent Of Revenue
NumberOfCustomersContributingToMoreThanTenPercentOfRevenue
1
CY2017 ttmi Number Of Customers Contributing To More Than Ten Percent Of Revenue
NumberOfCustomersContributingToMoreThanTenPercentOfRevenue
1
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0
CY2018 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
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7282000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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4701000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
3406000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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2408000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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2172000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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4172000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
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24141000
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173584000
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CapitalExpenditures
210591000
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CapitalExpenditures
83397000
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124214000
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5000000
CY2017Q1 us-gaap Assets
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2500076000
CY2018 ttmi Number Of Countries Parent Company Markets And Sells Its Products
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65
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0.10
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
40000
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
20000
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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8.37
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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6.78
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
80000
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40000
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
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20000
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134036000
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132476000
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WeightedAverageNumberOfDilutedSharesOutstanding
101482000
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8000
CY2018 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
78000
CY2017 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
991000
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100000
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100000
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50000
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10.98
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15.57
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9.54
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13.10
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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13.10
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
11.39
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y2M12D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M6D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y1M6D
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y10M24D
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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375000
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
4000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
4000
CY2018Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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20582000
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58445000
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
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42461000
CY2017 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
36172000
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1.00
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1.00
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1.00
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0
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114994000
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2847261000
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2194992000
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2658592000
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1532366000
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2533359000
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34861000
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11906000
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13803000
CY2018 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
185490000
CY2018 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
138017000
CY2017 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
34861000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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103355000
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
101580000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100099000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1677000
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2157000
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1383000
CY2018 ttmi Incremental Common Shares Attributable To Warrants
IncrementalCommonSharesAttributableToWarrants
3065000
CY2018 ttmi Incremental Common Shares Attributable To Warrants
IncrementalCommonSharesAttributableToWarrants
2799000
CY2018 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
25939000
CY2018 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
25940000
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10630000
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AccountsPayableRelatedPartiesCurrent
14452000
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AccountsReceivableRelatedPartiesCurrent
13000
CY2018Q1 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
33000

Files In Submission

Name View Source Status
0001564590-19-004520-index-headers.html Edgar Link pending
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0001564590-19-004520.txt Edgar Link pending
0001564590-19-004520-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
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ttmi-10k_20181231.htm Edgar Link pending
ttmi-20181231.xml Edgar Link completed
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