2016 Q4 Form 10-Q Financial Statement
#000100865416000052 Filed on October 25, 2016
Income Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q3 |
---|---|---|---|
Revenue | $600.9M | $521.8M | $521.0M |
YoY Change | 1.49% | 0.15% | -11.5% |
Cost Of Revenue | $196.4M | $168.4M | $172.5M |
YoY Change | 2.72% | -2.38% | -17.54% |
Gross Profit | $404.5M | $353.4M | $348.5M |
YoY Change | 0.9% | 1.41% | -8.17% |
Gross Profit Margin | 67.32% | 67.73% | 66.89% |
Selling, General & Admin | $292.8M | $284.2M | $288.5M |
YoY Change | -4.19% | -1.49% | -10.32% |
% of Gross Profit | 72.39% | 80.42% | 82.78% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $13.70M | $13.60M | $15.60M |
YoY Change | -13.29% | -12.82% | -3.11% |
% of Gross Profit | 3.39% | 3.85% | 4.48% |
Operating Expenses | $292.8M | $284.2M | $288.5M |
YoY Change | -4.19% | -1.49% | -10.32% |
Operating Profit | $111.7M | $91.00M | $61.70M |
YoY Change | 17.21% | 47.49% | 11.78% |
Interest Expense | -$11.60M | $12.80M | $11.30M |
YoY Change | -115.74% | 13.27% | -5.04% |
% of Operating Profit | -10.38% | 14.07% | 18.31% |
Other Income/Expense, Net | -$6.500M | $300.0K | -$300.0K |
YoY Change | -92.38% | -200.0% | -107.89% |
Pretax Income | $93.60M | $79.30M | $50.60M |
YoY Change | 14.57% | 56.72% | 5.64% |
Income Tax | $14.60M | $30.50M | $14.40M |
% Of Pretax Income | 15.6% | 38.46% | 28.46% |
Net Earnings | $79.00M | $48.80M | $36.20M |
YoY Change | 35.97% | 34.81% | 12.07% |
Net Earnings / Revenue | 13.15% | 9.35% | 6.95% |
Basic Earnings Per Share | $0.97 | $0.72 | |
Diluted Earnings Per Share | $1.558M | $0.96 | $0.72 |
COMMON SHARES | |||
Basic Shares Outstanding | 50.56M shares | 50.50M shares | 49.90M shares |
Diluted Shares Outstanding | 50.80M shares | 50.30M shares |
Balance Sheet
Concept | 2016 Q4 | 2016 Q3 | 2015 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $93.20M | $98.50M | $93.10M |
YoY Change | 16.79% | 5.8% | 4.14% |
Cash & Equivalents | $93.20M | $98.50M | $93.10M |
Short-Term Investments | |||
Other Short-Term Assets | $62.60M | $59.80M | $166.4M |
YoY Change | 26.72% | -64.06% | 16.61% |
Inventory | $240.4M | $275.0M | $285.7M |
Prepaid Expenses | |||
Receivables | $125.3M | $142.4M | $158.6M |
Other Receivables | $23.80M | $30.50M | $24.50M |
Total Short-Term Assets | $545.3M | $606.2M | $728.3M |
YoY Change | -0.94% | -16.77% | -8.93% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $259.8M | $256.3M | $254.7M |
YoY Change | 2.44% | 0.63% | -13.01% |
Goodwill | $132.6M | $139.7M | $148.7M |
YoY Change | -9.36% | -6.05% | -16.46% |
Intangibles | $67.30M | ||
YoY Change | -18.62% | ||
Long-Term Investments | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Assets | $29.90M | $30.30M | $27.70M |
YoY Change | 10.74% | 9.39% | -19.71% |
Total Long-Term Assets | $1.043B | $1.049B | $935.0M |
YoY Change | -26.73% | 12.19% | -12.62% |
TOTAL ASSETS | |||
Total Short-Term Assets | $545.3M | $606.2M | $728.3M |
Total Long-Term Assets | $1.043B | $1.049B | $935.0M |
Total Assets | $1.588B | $1.655B | $1.663B |
YoY Change | -19.54% | -0.49% | -11.04% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $117.7M | $88.50M | $94.70M |
YoY Change | -7.1% | -6.55% | -10.66% |
Accrued Expenses | $324.0M | $344.6M | $327.8M |
YoY Change | -0.25% | 5.13% | -8.38% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $104.0M | $0.00 | $0.00 |
YoY Change | -35.16% | ||
Long-Term Debt Due | $105.9M | $199.9M | $286.2M |
YoY Change | -34.83% | -30.15% | -9.03% |
Total Short-Term Liabilities | $547.6M | $633.0M | $708.7M |
YoY Change | -10.81% | -10.68% | -8.95% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $606.0M | $606.9M | $608.9M |
YoY Change | -0.36% | -0.33% | -1.22% |
Other Long-Term Liabilities | $221.4M | $225.6M | $221.0M |
YoY Change | 2.98% | 2.08% | 0.91% |
Total Long-Term Liabilities | $221.4M | $225.6M | $221.0M |
YoY Change | 2.98% | 2.08% | 0.91% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $547.6M | $633.0M | $708.7M |
Total Long-Term Liabilities | $221.4M | $225.6M | $221.0M |
Total Liabilities | $769.0M | $858.6M | $929.7M |
YoY Change | -7.24% | -7.65% | -6.79% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $1.455B | $1.412B | $1.364B |
YoY Change | 6.13% | 3.48% | 4.82% |
Common Stock | $600.0K | $600.0K | $600.0K |
YoY Change | 0.0% | 0.0% | 0.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $880.2M | $885.7M | $922.9M |
YoY Change | -1.58% | -4.03% | 2.46% |
Treasury Stock Shares | 12.97M shares | 13.05M shares | 13.59M shares |
Shareholders Equity | $212.8M | $189.7M | $124.7M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.588B | $1.655B | $1.663B |
YoY Change | -0.65% | -0.49% | -11.04% |
Cashflow Statement
Concept | 2016 Q4 | 2016 Q3 | 2015 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $79.00M | $48.80M | $36.20M |
YoY Change | 35.97% | 34.81% | 12.07% |
Depreciation, Depletion And Amortization | $13.70M | $13.60M | $15.60M |
YoY Change | -13.29% | -12.82% | -3.11% |
Cash From Operating Activities | $146.3M | $60.50M | $48.10M |
YoY Change | -4.69% | 25.78% | 6.89% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$23.40M | -$12.90M | -$14.60M |
YoY Change | 25.13% | -11.64% | -1.35% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $4.100M | $29.50M | $3.100M |
YoY Change | 720.0% | 851.61% | 416.67% |
Cash From Investing Activities | -$19.30M | $16.60M | -$11.50M |
YoY Change | 6.04% | -244.35% | -19.01% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -120.4M | -60.00M | -9.900M |
YoY Change | -15.15% | 506.06% | -46.49% |
NET CHANGE | |||
Cash From Operating Activities | 146.3M | 60.50M | 48.10M |
Cash From Investing Activities | -19.30M | 16.60M | -11.50M |
Cash From Financing Activities | -120.4M | -60.00M | -9.900M |
Net Change In Cash | 6.600M | 17.10M | 26.70M |
YoY Change | -200.0% | -35.96% | 117.07% |
FREE CASH FLOW | |||
Cash From Operating Activities | $146.3M | $60.50M | $48.10M |
Capital Expenditures | -$23.40M | -$12.90M | -$14.60M |
Free Cash Flow | $169.7M | $73.40M | $62.70M |
YoY Change | -1.45% | 17.07% | 4.85% |
Facts In Submission
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Cash Dividends Paid To Parent Company
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Cash Dividends Paid To Parent Company
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2016-09-24 | ||
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|
2.56 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.97 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.86 | ||
CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.72 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.54 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.96 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.85 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-16000000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
5700000 | USD | |
CY2015Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.285 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.284 | ||
CY2016Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.384 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.304 | ||
CY2016Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
20900000 | USD |
CY2016Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
0 | USD |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
2500000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
300000 | USD | |
us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
2500000 | USD | |
CY2015Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
11200000 | USD |
CY2016Q3 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
11900000 | USD |
us-gaap |
Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
|
1600000 | USD | |
CY2016Q3 | us-gaap |
Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
|
10500000 | USD |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-7200000 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-300000 | USD | |
CY2015Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
2000000 | USD |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
13400000 | USD | |
CY2016Q3 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
24200000 | USD |
us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
25100000 | USD | |
us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
13100000 | USD | |
us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
24700000 | USD | |
CY2015Q4 | us-gaap |
Goodwill
Goodwill
|
146300000 | USD |
CY2016Q3 | us-gaap |
Goodwill
Goodwill
|
139700000 | USD |
CY2015Q3 | us-gaap |
Gross Profit
GrossProfit
|
348500000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
1138500000 | USD | |
CY2016Q3 | us-gaap |
Gross Profit
GrossProfit
|
353400000 | USD |
us-gaap |
Gross Profit
GrossProfit
|
1093900000 | USD | |
CY2015Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
50600000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
178200000 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
79300000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
207700000 | USD | |
CY2015Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | USD | |
CY2016Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | USD |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | USD | |
CY2015Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
14400000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
50500000 | USD | |
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
30500000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
63100000 | USD | |
us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
20800000 | USD | |
us-gaap |
Increase Decrease In Accounts And Notes Receivable
IncreaseDecreaseInAccountsAndNotesReceivable
|
6700000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-14100000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-34500000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-19700000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-5400000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
25100000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
16500000 | USD | |
us-gaap |
Increase Decrease In Financial Instruments Used In Operating Activities
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
|
21100000 | USD | |
us-gaap |
Increase Decrease In Financial Instruments Used In Operating Activities
IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
|
5600000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
34500000 | USD | |
CY2015Q3 | us-gaap |
Interest Expense
InterestExpense
|
11300000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
36600000 | USD | |
CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
12800000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
36100000 | USD | |
CY2015Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-10800000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-35100000 | USD | |
CY2016Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-12000000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-33800000 | USD | |
CY2015Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
203200000 | USD |
CY2016Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
214800000 | USD |
CY2015Q4 | us-gaap |
Inventory Net
InventoryNet
|
254600000 | USD |
CY2016Q3 | us-gaap |
Inventory Net
InventoryNet
|
275000000 | USD |
CY2015Q4 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
30400000 | USD |
CY2016Q3 | us-gaap |
Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
|
32800000 | USD |
CY2015Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
21000000 | USD |
CY2016Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
27400000 | USD |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
12900000 | USD | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
8200000 | USD | |
CY2015Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
500000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1500000 | USD | |
CY2016Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
800000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2300000 | USD | |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1598200000 | USD |
CY2016Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1655200000 | USD |
CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
614000000 | USD |
CY2016Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
633000000 | USD |
CY2016Q3 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
659300000 | USD |
CY2015Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
608200000 | USD |
CY2016Q3 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
606900000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-15200000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-72900000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-24900000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6400000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
72200000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
92300000 | USD | |
CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
36200000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
127700000 | USD | |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
48800000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
144600000 | USD | |
CY2015Q4 | us-gaap |
Nontrade Receivables Current
NontradeReceivablesCurrent
|
45500000 | USD |
CY2016Q3 | us-gaap |
Nontrade Receivables Current
NontradeReceivablesCurrent
|
61400000 | USD |
CY2015Q4 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
0 | USD |
CY2016Q3 | us-gaap |
Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
|
0 | USD |
CY2015Q4 | us-gaap |
Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
|
0 | USD |
CY2016Q3 | us-gaap |
Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
|
0 | USD |
CY2015Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
61700000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
221900000 | USD | |
CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
91000000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
242500000 | USD | |
CY2015Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
27000000 | USD |
CY2016Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
30300000 | USD |
CY2015Q3 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
1200000 | USD |
us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
4200000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
1200000 | USD |
us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
800000 | USD | |
us-gaap |
Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
|
-1000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
|
-1100000 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-97600000 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-20700000 | USD | |
CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
1700000 | USD |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-500000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
800000 | USD |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-2900000 | USD | |
CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
800000 | USD |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
200000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
400000 | USD |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
|
-600000 | USD | |
CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-65500000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-110100000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-8400000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-20200000 | USD | |
CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-62600000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-106400000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-6400000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-22300000 | USD | |
CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
-300000 | USD |
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
-1400000 | USD | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
-100000 | USD |
us-gaap |
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
200000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
|
14100000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
|
4300000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
|
3300000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
|
1200000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
|
500000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
|
1500000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
-3200000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
|
-1300000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
|
700000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
|
200000 | USD | |
CY2015Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
215000000 | USD |
CY2016Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
225600000 | USD |
CY2016Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
256300000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
9800000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
8700000 | USD | |
CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
27900000 | USD |
CY2015Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-300000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-8600000 | USD | |
CY2016Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
300000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1000000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
900000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1100000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
700000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
103600000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
104000000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
42400000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
38200000 | USD | |
CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2016Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
200000000 | shares |
CY2016Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
200000000 | shares |
CY2016Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
28900000 | USD |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
0 | USD | |
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
0 | USD | |
us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
0 | USD | |
us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
0 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
82000000 | USD | |
us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
1900000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
31800000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
7600000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
33000000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
17500000 | USD | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
600000 | USD | |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
253600000 | USD |
CY2015Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
300000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
4500000 | USD | |
CY2015 | us-gaap |
Restructuring Charges
RestructuringCharges
|
6800000 | USD |
CY2016Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
2400000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
5400000 | USD | |
us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
13500000 | USD | |
us-gaap |
Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
|
0 | USD | |
CY2014Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
2400000 | USD |
CY2015Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
1700000 | USD |
CY2016Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
1600000 | USD |
CY2015 | us-gaap |
Restructuring Reserve Settled Without Cash1
RestructuringReserveSettledWithoutCash1
|
200000 | USD |
us-gaap |
Restructuring Reserve Settled Without Cash1
RestructuringReserveSettledWithoutCash1
|
100000 | USD | |
CY2015Q3 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
300000 | USD |
us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
18000000 | USD | |
CY2016Q3 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
2400000 | USD |
us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
5400000 | USD | |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1371200000 | USD |
CY2016Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1411600000 | USD |
CY2015Q3 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
0 | USD |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
0 | USD | |
CY2016Q3 | us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
0 | USD |
us-gaap |
Revenue From Related Parties
RevenueFromRelatedParties
|
0 | USD | |
CY2015Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
521000000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1691700000 | USD | |
CY2016Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
521800000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
1612200000 | USD | |
CY2015Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
288500000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
912000000 | USD | |
CY2016Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
284200000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
871100000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11800000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
13000000 | USD | |
us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
12847 | shares | |
us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
21189 | shares | |
CY2015Q3 | us-gaap |
Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
|
32700000 | USD |
us-gaap |
Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
|
103200000 | USD | |
CY2016Q3 | us-gaap |
Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
|
32600000 | USD |
us-gaap |
Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
|
99100000 | USD | |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
161000000 | USD |
CY2016Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
189700000 | USD |
CY2015Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
13170517 | shares |
CY2016Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
13047956 | shares |
CY2015Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
894300000 | USD |
CY2016Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
885700000 | USD |
CY2015Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
21800000 | USD |
CY2016Q3 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
20700000 | USD |
CY2015Q4 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
6000000 | USD |
CY2016Q3 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
6800000 | USD |
CY2016Q3 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
19200000 | USD |
CY2015Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
400000 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
500000 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
300000 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
200000 | shares | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50300000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50300000 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50800000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50700000 | shares | |
CY2015Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49900000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49800000 | shares | |
CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50500000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50500000 | shares | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of Presentation:</font><font style="font-family:inherit;font-size:10pt;"> The condensed consolidated financial statements include the accounts of Tupperware Brands Corporation and its subsidiaries, collectively “Tupperware” or the “Company”, with all intercompany transactions and balances having been eliminated. These condensed consolidated financial statements and related notes should be read in conjunction with the audited </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> financial statements included in the Company's Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December 26, 2015</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified to conform with current year presentation. </font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These condensed consolidated financial statements are unaudited and have been prepared following the rules and regulations of the United States Securities and Exchange Commission and, in the Company's opinion, reflect all adjustments, including normal recurring items that are necessary for a fair presentation of the results for the interim periods. Certain information and note disclosures normally included in the balance sheet, statements of income, comprehensive income and cash flows prepared in conformity with accounting principles generally accepted in the United States of America have been condensed or omitted as permitted by such rules and regulations. Operating results of any interim period presented herein are not necessarily indicative of the results that may be expected for a full fiscal year.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's fiscal year ends on the last Saturday of December. As a result, the 2016 fiscal year will include 53 weeks, as compared with 52 weeks for fiscal 2015, and the fourth quarter of 2016 will include 14 weeks.</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font></div></div> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates:</font><font style="font-family:inherit;font-size:10pt;"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates. </font></div></div> |