2019 Q3 Form 10-Q Financial Statement
#000114036119016270 Filed on September 06, 2019
Income Statement
| Concept | 2019 Q3 | 2019 Q2 | 2018 Q3 |
|---|---|---|---|
| Revenue | $423.5M | $491.2M | $410.9M |
| YoY Change | 3.07% | 2.91% | -0.13% |
| Cost Of Revenue | $143.1M | $150.5M | $127.7M |
| YoY Change | 12.02% | 10.18% | 11.27% |
| Gross Profit | $280.4M | $340.7M | $283.1M |
| YoY Change | -0.95% | 0.0% | -4.58% |
| Gross Profit Margin | 66.21% | 69.36% | 68.9% |
| Selling, General & Admin | $250.2M | $246.2M | $240.4M |
| YoY Change | 4.05% | 2.29% | -0.69% |
| % of Gross Profit | 89.22% | 72.26% | 84.93% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $42.22M | $31.90M | $40.17M |
| YoY Change | 5.1% | 13.93% | 29.17% |
| % of Gross Profit | 15.06% | 9.36% | 14.19% |
| Operating Expenses | $250.2M | $261.1M | $253.8M |
| YoY Change | -1.42% | 3.24% | 3.27% |
| Operating Profit | $4.500M | $80.10M | $36.10M |
| YoY Change | -87.53% | -8.77% | -29.16% |
| Interest Expense | $6.077M | -$2.700M | $2.796M |
| YoY Change | 117.35% | 3.85% | -143.02% |
| % of Operating Profit | 135.04% | -3.37% | 7.75% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $3.967M | $77.30M | $34.08M |
| YoY Change | -88.36% | 10.27% | 458.7% |
| Income Tax | $343.0K | $14.10M | $7.786M |
| % Of Pretax Income | 8.65% | 18.24% | 22.85% |
| Net Earnings | $3.600M | $63.30M | $26.30M |
| YoY Change | -86.31% | 17.01% | 185.87% |
| Net Earnings / Revenue | 0.85% | 12.89% | 6.4% |
| Basic Earnings Per Share | $0.06 | $1.11 | $0.46 |
| Diluted Earnings Per Share | $0.06 | $1.10 | $0.45 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 56.54M | 57.43M | |
| Diluted Shares Outstanding | 56.91M | 58.11M |
Balance Sheet
| Concept | 2019 Q3 | 2019 Q2 | 2018 Q3 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $104.0M | $92.90M | $113.1M |
| YoY Change | -8.05% | -45.29% | 34.48% |
| Cash & Equivalents | $104.0M | $92.89M | $113.1M |
| Short-Term Investments | |||
| Other Short-Term Assets | $61.30M | $67.40M | $66.50M |
| YoY Change | -7.82% | 15.61% | 0.45% |
| Inventory | $44.81M | $35.58M | $36.60M |
| Prepaid Expenses | |||
| Receivables | $281.1M | $306.6M | $272.1M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $491.2M | $490.8M | $488.3M |
| YoY Change | 0.59% | 2.25% | 23.06% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $292.5M | $289.0M | $288.1M |
| YoY Change | 1.54% | -0.31% | 8.59% |
| Goodwill | $1.122B | $1.096B | |
| YoY Change | 7.44% | ||
| Intangibles | $878.3M | $865.6M | |
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $102.1M | $97.31M | $93.00M |
| YoY Change | 9.73% | 13.41% | 9.41% |
| Total Long-Term Assets | $2.629B | $2.458B | $2.284B |
| YoY Change | 15.11% | 4.18% | 0.59% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $491.2M | $490.8M | $488.3M |
| Total Long-Term Assets | $2.629B | $2.458B | $2.284B |
| Total Assets | $3.120B | $2.949B | $2.772B |
| YoY Change | 12.55% | 3.85% | 3.94% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $60.21M | $90.98M | $43.80M |
| YoY Change | 37.47% | 0.98% | -68.94% |
| Accrued Expenses | $246.3M | $251.2M | $226.2M |
| YoY Change | 8.89% | -11.52% | 32.59% |
| Deferred Revenue | $408.6M | $519.1M | $392.3M |
| YoY Change | 4.16% | ||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $6.250M | $0.00 | |
| YoY Change | |||
| Total Short-Term Liabilities | $732.8M | $870.6M | $675.5M |
| YoY Change | 8.49% | -0.43% | 0.7% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $724.3M | $478.8M | $507.5M |
| YoY Change | 42.72% | 33.0% | -7.99% |
| Other Long-Term Liabilities | $68.46M | $96.20M | $274.0M |
| YoY Change | -75.01% | -64.52% | -3.86% |
| Total Long-Term Liabilities | $792.8M | $575.0M | $781.5M |
| YoY Change | 1.44% | -8.89% | -6.59% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $732.8M | $870.6M | $675.5M |
| Total Long-Term Liabilities | $792.8M | $575.0M | $781.5M |
| Total Liabilities | $1.988B | $1.756B | $1.598B |
| YoY Change | 24.4% | 6.47% | -3.61% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $1.915B | $1.931B | |
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $755.5M | $746.5M | |
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $1.132B | $1.181B | $1.174B |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $3.120B | $2.937B | $2.772B |
| YoY Change | 12.55% | 3.43% | 3.94% |
Cashflow Statement
| Concept | 2019 Q3 | 2019 Q2 | 2018 Q3 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $3.600M | $63.30M | $26.30M |
| YoY Change | -86.31% | 17.01% | 185.87% |
| Depreciation, Depletion And Amortization | $42.22M | $31.90M | $40.17M |
| YoY Change | 5.1% | 13.93% | 29.17% |
| Cash From Operating Activities | -$94.17M | $198.7M | -$145.0M |
| YoY Change | -35.05% | 3.71% | 78.56% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $24.20M | $27.20M | $18.30M |
| YoY Change | 32.22% | -22.73% | -35.78% |
| Acquisitions | $73.21M | $0.00 | |
| YoY Change | |||
| Other Investing Activities | -$81.70M | -$10.70M | -$8.200M |
| YoY Change | 896.34% | 42.67% | -31.67% |
| Cash From Investing Activities | -$105.9M | -$37.90M | -$26.52M |
| YoY Change | 299.29% | -11.45% | -34.36% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | $10.00M | $7.994M | |
| YoY Change | 25.09% | ||
| Debt Paid & Issued, Net | $10.40M | $29.90M | |
| YoY Change | -65.22% | ||
| Cash From Financing Activities | 213.3M | -198.6M | 119.2M |
| YoY Change | 78.96% | 96.63% | -17.9% |
| NET CHANGE | |||
| Cash From Operating Activities | -94.17M | 198.7M | -145.0M |
| Cash From Investing Activities | -105.9M | -37.90M | -26.52M |
| Cash From Financing Activities | 213.3M | -198.6M | 119.2M |
| Net Change In Cash | 11.14M | -37.80M | -56.67M |
| YoY Change | -119.65% | -179.08% | -316.04% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$94.17M | $198.7M | -$145.0M |
| Capital Expenditures | $24.20M | $27.20M | $18.30M |
| Free Cash Flow | -$118.4M | $171.5M | -$163.3M |
| YoY Change | -27.51% | 9.65% | 48.85% |
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BasisOfAccounting
|
<div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Note 1 </span>—<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> Basis of Presentation</span></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000;">Throughout this report, when we refer to “Wiley,” the “Company,” “we,” “our,” or “us,” we are referring to John Wiley & Sons, Inc. and all our subsidiaries, except where the context indicates otherwise.</span></div> <div style="text-align: left;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Our Unaudited Condensed Consolidated Financial Statements include all the accounts of the Company and our subsidiaries. We have eliminated all intercompany transactions and balances in consolidation. In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the Unaudited Condensed Consolidated Financial Condition, Results of Operations, Comprehensive Income and Cash Flows for the periods presented. Operating results for the interim period are not necessarily indicative of the results expected for the full year. All amounts are in thousands, except per share amounts, and approximate due to rounding. These financial statements should be read in conjunction with the most recent audited consolidated financial statements included in our Form 10-K for the fiscal year ended April 30, 2019 as filed with the SEC on July 1, 2019 (“2019 Form 10-K”).</div> <div style="text-align: left;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000;">Our Unaudited Condensed Consolidated Financial Statements were prepared in accordance with the interim reporting requirements of the SEC. As permitted under those rules, annual footnotes or other financial information that are normally required by U.S. GAAP have been condensed or omitted. The preparation of our Unaudited Condensed Consolidated Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Certain prior year amounts have been reclassified to conform to the current year’s presentation. The Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended July 31, 2018, includes a reclassification of $4.5 million between Operating Activities within the net change in operating assets and liabilities and Investing Activities related to costs to fulfill a contract and product development spending. In addition, for the three months ended July 31, 2018, amortization expense related to costs to fulfill a contract of $0.8 million was reclassed from amortization of product development spending to other non-cash charges (credits) within Operating Activities.</div> | |
| CY2019Q3 | us-gaap |
Lease Cost
LeaseCost
|
7541000 | |
| CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1174008000 | |
| CY2018Q3 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-67221000 | |
| CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1190557000 | |
| CY2018Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
46000 | |
| CY2018Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
7880000 | |
| CY2018Q3 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
3930000 | |
| CY2018Q3 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
7994000 | |
| CY2018Q3 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
0 | |
| CY2019Q3 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
18008000 | |
| CY2018Q3 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
4917000 | |
| CY2019Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-94168000 | |
| CY2018Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-144989000 | |
| CY2019Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
106000 | |
| CY2019Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
-1137000 | |
| CY2019Q3 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
4604000 | |
| CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1181347000 | |
| CY2019Q3 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
10000000 | |
| CY2019Q3 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
0 | |
| CY2019Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-23662000 | |
| CY2019Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1132006000 | |
| CY2018Q2 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
4503000 | |
| CY2018Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-5871000 | |
| CY2019Q3 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P12M | |
| CY2019Q3 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
13752000 | |
| CY2019Q3 | us-gaap |
Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
|
33400000 | |
| CY2019Q3 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
13800000 | |
| CY2019Q3 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
9500000 | |
| CY2019Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
281055000 | |
| CY2019Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
408630000 | |
| CY2019Q2 | us-gaap |
Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
|
25900000 | |
| CY2019Q3 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
422400000 | |
| CY2019Q3 | us-gaap |
Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
|
33400000 | |
| CY2019Q3 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
375200000 | |
| CY2019Q3 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Certain prior year amounts have been reclassified to conform to the current year’s presentation. The Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended July 31, 2018, includes a reclassification of $4.5 million between Operating Activities within the net change in operating assets and liabilities and Investing Activities related to costs to fulfill a contract and product development spending. In addition, for the three months ended July 31, 2018, amortization expense related to costs to fulfill a contract of $0.8 million was reclassed from amortization of product development spending to other non-cash charges (credits) within Operating Activities.</div> | |
| CY2019Q3 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Note 2 </span>—<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> Recent Accounting Standards</span></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold;">Recently Adopted Accounting Standards</div> <div style="text-align: left;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income</div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">In February 2018, the FASB issued ASU 2018-02 “Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The standard was effective for us on May 1, 2019, and interim periods within that fiscal year, with early adoption permitted. We adopted ASU 2018-02 on May 1, 2019. We did not elect to reclassify the income tax effects from comprehensive income to retained earnings for the stranded tax effects resulting from the Tax Cuts and Jobs Act. Our policy for releasing the income tax effects from accumulated other comprehensive income is when the corresponding pretax accumulated other comprehensive income items are reclassified to earnings.</div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Targeted Improvements to Accounting for Hedging Activities</div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities,” to simplify and improve the application and financial reporting of hedge accounting. Subsequently, in November 2018, the FASB issued ASU 2018-1<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">6, “Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes”. ASU 2017-12</span> eases the requirements for measuring and reporting hedge ineffectiveness and clarifies that changes in the fair value of hedging instruments for cash flow, net investment, and fair value hedges should be reflected in the same income statement line item as the earnings effect of the hedged item. The guidance also permits entities to designate specific components in cash flow and interest rate hedges as the hedged risk, instead of using total cash flows. ASU 2018-16 allows the use of the OIS rate based on the SOFR as a U.S. benchmark interest rate for hedge accounting purposes. These ASUs were effective for us on May 1, 2019, with early adoption permitted. We adopted ASU 2017-12, 2018-06 and 2019-04, for those portions related to ASU 2017-02, on May 1, 2019 and there was no impact to our consolidated financial statements at the date of adoption. The future impact will depend on any future hedging activities we may enter into.</div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Leases</div> <div style="text-align: left;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)”. Subsequently, the FASB issued in March 2019, ASU 2019-01, “Leases (Topic 842): Codification Improvements”, in December 2018 ASU 2018-20, “Leases (Topic 842): Narrow Scope Improvements for Lessors”, and in July 2018 the FASB issued ASU 2018-11, “Leases (Topic 842): Targeted Improvements” and ASU 2018-10, “Codification Improvements to Topic 842, Leases”. ASU 2016-02 requires an entity to recognize a right-of-use asset (“ROU”) and lease liability for all leases with terms of more than 12 months and provide enhanced disclosures. Recognition, measurement, and presentation of expenses depends on classification as a finance or operating lease. Similar modifications have been made to lessor accounting in-line with revenue recognition guidance.</div> <div style="text-align: left;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The new standard provides a number of optional practical expedients in transition. We elected the practical expedients to forgo a reassessment of (1) whether any expired or existing contracts are or contain leases, (2) the lease classification for any expired or existing leases, and (3) initial direct costs. We did not elect the practical expedient allowing the use-of-hindsight which would have required us to reassess the lease term of our leases based on all facts and circumstances through the effective date. In addition, we did not elect the practical expedient pertaining to land easements.</div> <div style="text-align: left;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">In addition, the new standard provides as a practical expedient, certain policy elections for ongoing lease accounting which we elected at the date of adoption and included the following, (i) to not separate nonlease components from the associated lease component if certain conditions are met, and (ii) to not recognize ROU assets and lease liabilities for leases that qualify as short-term.</div> <div style="text-align: left;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The standard was effective for us on May 1, 2019, with early adoption permitted. A modified retrospective transition approach was required, applying the standard to all leases existing at the date of initial application. A company could choose to use either (1) its effective date or (2) the beginning of the earliest comparative period presented in the financial statements as of its date of initial application. We adopted the new standard on May 1, 2019 and used the effective date as the date of initial application. Accordingly, previously reported financial information was not updated, and the disclosures required under the new standard will not be provided for dates and periods before May 1, 2019. </div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">At adoption, we recognized operating lease liabilities of $178 million based on the present value of the remaining minimum rental payments for existing operating leases and ROU assets of $142 million on our Unaudited Condensed Consolidated Statement of Financial Position. The difference between the ROU assets and operating lease liabilities represents the existing deferred rent liabilities, prepaid rent balances, and applicable restructuring liabilities, which were reclassified upon adoption to reduce the measurement of the ROU assets. The adoption of the standard did not have an impact on our Unaudited Condensed Consolidated Statement of Shareholders’ Equity, Condensed Consolidated Statement of Income or Condensed Consolidated Statement of Cash Flow. See Note 5, “Operating Leases”, for further details on our operating leases.</div> <div style="text-align: left;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic; font-weight: bold;">Recently Issued Accounting Standards</div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Intangibles-Goodwill and Other-Internal-Use Software: Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract</div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">In August 2018, the FASB issued ASU 2018-15, “Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.” ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The standard is effective for us on May 1, 2020, and interim periods within that fiscal year, with early adoption permitted. We are currently assessing the impact the new guidance will have on our consolidated financial statements.</div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Changes to the Disclosure Requirements for Defined Benefit Plans</div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">In August 2018, the FASB issued ASU 2018-14, “Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans.” ASU 2018-14 removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and added additional disclosures. The standard is effective for us on May 1, 2021, with early adoption permitted. The amendments in ASU 2018-14 would need to be applied on a retrospective basis. We are currently assessing the impact the new guidance will have on our disclosures.</div> <div style="text-align: left;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Changes to the Disclosure Requirements for Fair Value Measurement</div> <div style="text-align: left;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement.” ASU 2018-13 removes, modifies and added disclosures. The standard is effective for us on May 1, 2020, with early adoption permitted. Certain disclosures in ASU 2018-13 would need to be applied on a retrospective basis and others on a prospective basis. We are currently assessing the impact the new guidance will have on our disclosures.</div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Simplifying the Test for Goodwill Impairment</div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">In January 2017, the FASB issued ASU 2017-04, “Intangibles–Goodwill and Other (Topic 350): “Simplifying the Test for Goodwill Impairment”, which simplifies the measurement of a potential goodwill impairment charge by eliminating the requirement to calculate an implied fair value of the goodwill based on the fair value of a reporting unit’s other assets and liabilities. The new guidance eliminates the implied fair value method and instead measures a potential impairment charge based on the excess of a reporting unit’s carrying value compared to its fair value. The impairment charge cannot exceed the total amount of goodwill allocated to that reporting unit. The standard is effective for us on May 1, 2020, with early adoption permitted. Based on our most recent annual goodwill impairment test completed in the year ended April 30, 2019, we expect no impact upon adoption.</div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Measurement of Credit Losses on Financial Instruments</div> <div style="text-align: justify;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">In June 2016, the FASB issued ASU 2016-13, “Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments.” Subsequently, in May 2019, the FASB issued ASU 2019-05 - "Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief”, in April 2019, the FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments,” and in November 2018, the FASB issued ASU 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses”. ASU 2016-13 requires entities to measure all expected credit losses for most financial assets held at the reporting date based on an expected loss model which includes historical experience, current conditions, and reasonable and supportable forecasts. Entities will now use forward-looking information to better form their credit loss estimates. ASU 2016-13 also requires enhanced disclosures to help financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an entity’s portfolio. ASU 2016-13, ASU 2019-05, ASU 2019-04 and ASU 2018-19 are effective for us on May 1, 2020, including interim periods within those fiscal periods, with early adoption permitted. We are currently assessing the impact the new guidance will have on our consolidated financial statements.</div> <div style="text-align: left;"><span style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><br/></span></div> | |
| CY2019Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
423530000 | |
| CY2018Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
410901000 | |
| CY2019 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
194300000 | |
| CY2019Q3 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
1000000.0 | |
| CY2018Q3 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
800000 | |
| CY2019Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
147370000 | |
| CY2019Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
18041000 | |
| CY2019Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
166642000 | |
| CY2019Q3 | jwa |
Operating Lease Increase Decrease In Right Of Use Asset
OperatingLeaseIncreaseDecreaseInRightOfUseAsset
|
10300000 | |
| CY2019Q3 | jwa |
Operating Lease Increase Decrease In Lease Liability
OperatingLeaseIncreaseDecreaseInLeaseLiability
|
11900000 | |
| CY2019Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
6861000 | |
| CY2019Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1203000 | |
| CY2019Q3 | us-gaap |
Sublease Income
SubleaseIncome
|
523000 | |
| CY2019Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P10Y | |
| CY2019Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0582 | |
| CY2019Q3 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
7300000 | |
| CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
23920000 | |
| CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
27376000 | |
| CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
24446000 | |
| CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
22109000 | |
| CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
21651000 | |
| CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
133534000 | |
| CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
253036000 | |
| CY2019Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
68353000 | |
| CY2019Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
184683000 | |
| CY2019Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
18041000 | |
| CY2019Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
166642000 | |
| CY2019Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4600000 | |
| CY2018Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3900000 | |
| CY2019Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
423530000 | |
| CY2018Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
410901000 | |
| CY2019Q3 | us-gaap |
Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
|
-28081000 | |
| CY2019Q3 | us-gaap |
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
|
-795000 | |
| CY2019Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-27286000 | |
| CY2018Q3 | us-gaap |
Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
|
-32535000 | |
| CY2018Q3 | us-gaap |
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
|
-369000 | |
| CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-32166000 | |
| CY2019Q3 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
56564000 | |
| CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
57510000 | |
| CY2019Q3 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
28000 | |
| CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
80000 | |
| CY2019Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
56536000 | |
| CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
57430000 | |
| CY2019Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
369000 | |
| CY2018Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
684000 | |
| CY2019Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
56905000 | |
| CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
58114000 | |
| CY2019Q3 | jwa |
Contribution To Profit Loss
ContributionToProfitLoss
|
53358000 | |
| CY2018Q3 | jwa |
Contribution To Profit Loss
ContributionToProfitLoss
|
74065000 | |
| CY2019Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
48799000 | |
| CY2018Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
37925000 | |
| CY2019Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4559000 | |
| CY2018Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
36140000 | |
| CY2019Q3 | jwa |
Adjusted Contribution To Profit Loss
AdjustedContributionToProfitLoss
|
60872000 | |
| CY2018Q3 | jwa |
Adjusted Contribution To Profit Loss
AdjustedContributionToProfitLoss
|
72160000 | |
| CY2019Q3 | jwa |
Adjusted General And Administrative Expense
AdjustedGeneralAndAdministrativeExpense
|
45578000 | |
| CY2018Q3 | jwa |
Adjusted General And Administrative Expense
AdjustedGeneralAndAdministrativeExpense
|
42106000 | |
| CY2019Q3 | jwa |
Adjusted Operating Income Loss
AdjustedOperatingIncomeLoss
|
15294000 | |
| CY2018Q3 | jwa |
Adjusted Operating Income Loss
AdjustedOperatingIncomeLoss
|
30054000 | |
| CY2019Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
42219000 | |
| CY2018Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
40171000 | |
| CY2019Q3 | jwa |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
57513000 | |
| CY2018Q3 | jwa |
Adjusted Earnings Before Interest Taxes Depreciation And Amortization
AdjustedEarningsBeforeInterestTaxesDepreciationAndAmortization
|
70225000 | |
| CY2019Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
36050000 | |
| CY2019Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
33736000 | |
| CY2019Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
3843000 | |
| CY2019Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
2094000 | |
| CY2019Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
354000 | |
| CY2019Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
373000 | |
| CY2019Q3 | us-gaap |
Inventory Gross
InventoryGross
|
40247000 | |
| CY2019Q2 | us-gaap |
Inventory Gross
InventoryGross
|
36203000 | |
| CY2019Q3 | jwa |
Inventory Reserve For Estimated Sales Returns
InventoryReserveForEstimatedSalesReturns
|
-8585000 | |
| CY2019Q2 | jwa |
Inventory Reserve For Estimated Sales Returns
InventoryReserveForEstimatedSalesReturns
|
-3739000 | |
| CY2019Q3 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
4021000 | |
| CY2019Q2 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
4360000 | |
| CY2019Q3 | us-gaap |
Inventory Net
InventoryNet
|
44811000 | |
| CY2019Q2 | us-gaap |
Inventory Net
InventoryNet
|
35582000 | |
| CY2019Q2 | us-gaap |
Goodwill
Goodwill
|
1095666000 | |
| CY2019Q3 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
42615000 | |
| CY2019Q3 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-16498000 | |
| CY2019Q3 | us-gaap |
Goodwill
Goodwill
|
1121783000 | |
| CY2019Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
663323000 | |
| CY2019Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
648440000 | |
| CY2019Q3 | jwa |
Indefinite Lived Intangible Assets Excluding Goodwill Net Of Accumulated Impairment
IndefiniteLivedIntangibleAssetsExcludingGoodwillNetOfAccumulatedImpairment
|
214946000 | |
| CY2019Q2 | jwa |
Indefinite Lived Intangible Assets Excluding Goodwill Net Of Accumulated Impairment
IndefiniteLivedIntangibleAssetsExcludingGoodwillNetOfAccumulatedImpairment
|
217132000 | |
| CY2019Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
878269000 | |
| CY2019Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
865572000 | |
| CY2019Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.086 | |
| CY2018Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.228 | |
| CY2019Q3 | jwa |
Income Tax Expense Benefit Discrete Items
IncomeTaxExpenseBenefitDiscreteItems
|
400000 | |
| CY2019Q3 | jwa |
Effective Tax Rate Excluding Impact Of Non Recurring Items From The Tax Act
EffectiveTaxRateExcludingImpactOfNonRecurringItemsFromTheTaxAct
|
0.225 | |
| CY2019Q3 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
224000 | |
| CY2018Q3 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
233000 | |
| CY2019Q3 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
5834000 | |
| CY2018Q3 | us-gaap |
Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
|
6212000 | |
| CY2019Q3 | us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
10059000 | |
| CY2018Q3 | us-gaap |
Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
|
9902000 | |
| CY2019Q3 | us-gaap |
Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
|
-19000 | |
| CY2018Q3 | us-gaap |
Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
|
-24000 | |
| CY2019Q3 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-1600000 | |
| CY2018Q3 | us-gaap |
Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
|
-1434000 | |
| CY2019Q3 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-2420000 | |
| CY2018Q3 | us-gaap |
Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
|
-2047000 | |
| CY2019Q3 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
4700000 | |
| CY2018Q3 | us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
3600000 | |
| CY2019Q3 | us-gaap |
Defined Contribution Plan Administrative Expenses
DefinedContributionPlanAdministrativeExpenses
|
4300000 | |
| CY2018Q3 | us-gaap |
Defined Contribution Plan Administrative Expenses
DefinedContributionPlanAdministrativeExpenses
|
4500000 | |
| CY2019Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
730500000 | |
| CY2019Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
724300000 | |
| CY2019Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
800000 | |
| CY2019Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
730500000 | |
| CY2019Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
800000 | |
| CY2019Q3 | us-gaap |
Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
|
731300000 |
