$WSO
WATSCO INC

2018 Q2 Form 10-Q Financial Statement

#000119312518238176 Filed on August 03, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q4 2017 Q2
Revenue $1.333B $964.3M $1.276B
YoY Change 4.45% 5.55% 5.06%
Cost Of Revenue $1.012B $723.4M $965.6M
YoY Change 4.8% 5.53% 4.67%
Gross Profit $320.8M $240.9M $310.3M
YoY Change 3.38% 5.64% 6.31%
Gross Profit Margin 24.07% 24.98% 24.32%
Selling, General & Admin $186.6M $181.2M $180.9M
YoY Change 3.12% 6.59% 3.82%
% of Gross Profit 58.17% 75.21% 58.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.500M $5.500M $5.500M
YoY Change 0.0% 10.0% 10.0%
% of Gross Profit 1.71% 2.28% 1.77%
Operating Expenses $186.6M $181.2M $180.9M
YoY Change 3.12% 6.59% 3.82%
Operating Profit $137.3M $59.73M $129.3M
YoY Change 6.18% 2.86% 10.0%
Interest Expense $2.400M $300.0K -$1.600M
YoY Change -250.0% -142.86% -251.8%
% of Operating Profit 1.75% 0.5% -1.24%
Other Income/Expense, Net
YoY Change
Pretax Income $136.6M $60.00M $127.7M
YoY Change 6.96% 4.53% 9.58%
Income Tax $28.32M $17.30M $36.85M
% Of Pretax Income 20.73% 28.83% 28.86%
Net Earnings $89.96M $43.26M $73.76M
YoY Change 21.97% 46.36% 14.14%
Net Earnings / Revenue 6.75% 4.49% 5.78%
Basic Earnings Per Share $2.41 $1.19 $2.07
Diluted Earnings Per Share $2.40 $1.19 $2.07
COMMON SHARES
Basic Shares Outstanding 34.31M shares 32.68M shares
Diluted Shares Outstanding 34.38M shares 32.71M shares

Balance Sheet

Concept 2018 Q2 2017 Q4 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.00M $80.50M $51.00M
YoY Change 41.18% 43.75% 67.21%
Cash & Equivalents $72.00M $80.50M $51.03M
Short-Term Investments
Other Short-Term Assets $16.66M $17.45M $17.50M
YoY Change -4.79% -24.64% -14.37%
Inventory $872.9M $761.3M $770.0M
Prepaid Expenses
Receivables $659.9M $478.1M $613.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.621B $1.337B $1.452B
YoY Change 11.69% 7.84% 3.19%
LONG-TERM ASSETS
Property, Plant & Equipment $91.31M $91.20M $92.26M
YoY Change -1.02% 0.77% 52.97%
Goodwill $380.7M $382.7M $381.2M
YoY Change -0.14% 0.79% -0.07%
Intangibles $152.8M $161.1M $159.8M
YoY Change -4.37% 1.58% -3.46%
Long-Term Investments
YoY Change
Other Assets $79.35M $74.49M $69.40M
YoY Change 14.34% 1209.1% 1179.9%
Total Long-Term Assets $704.2M $709.5M $702.7M
YoY Change 0.21% 11.82% 14.67%
TOTAL ASSETS
Total Short-Term Assets $1.621B $1.337B $1.452B
Total Long-Term Assets $704.2M $709.5M $702.7M
Total Assets $2.326B $2.047B $2.154B
YoY Change 7.95% 9.19% 6.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $358.1M $230.5M $286.4M
YoY Change 25.06% 24.26% 4.78%
Accrued Expenses $163.1M $185.8M $136.2M
YoY Change 19.75% 43.77% 2.96%
Deferred Revenue $11.60M $13.00M
YoY Change
Short-Term Debt $1.510M $0.00 $1.676M
YoY Change -9.9% 111.35%
Long-Term Debt Due $200.0K $200.0K $200.0K
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $522.9M $416.5M $424.4M
YoY Change 23.2% 32.26% 4.4%
LONG-TERM LIABILITIES
Long-Term Debt $141.8M $22.10M $379.5M
YoY Change -62.64% -90.62% 41.71%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $141.8M $22.10M $379.5M
YoY Change -62.64% -90.62% 41.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $522.9M $416.5M $424.4M
Total Long-Term Liabilities $141.8M $22.10M $379.5M
Total Liabilities $997.2M $748.9M $1.136B
YoY Change -12.2% -13.8% 68.43%
SHAREHOLDERS EQUITY
Retained Earnings $617.7M $594.6M $575.6M
YoY Change 7.31% 8.01% 9.58%
Common Stock $817.6M $804.0M $594.0M
YoY Change 37.63% 31.66% -5.5%
Preferred Stock
YoY Change
Treasury Stock (at cost) $87.44M $87.44M $114.4M
YoY Change -23.58% -23.58% 0.0%
Treasury Stock Shares
Shareholders Equity $1.328B $1.298B $1.019B
YoY Change
Total Liabilities & Shareholders Equity $2.326B $2.047B $2.154B
YoY Change 7.95% 9.19% 6.68%

Cashflow Statement

Concept 2018 Q2 2017 Q4 2017 Q2
OPERATING ACTIVITIES
Net Income $89.96M $43.26M $73.76M
YoY Change 21.97% 46.36% 14.14%
Depreciation, Depletion And Amortization $5.500M $5.500M $5.500M
YoY Change 0.0% 10.0% 10.0%
Cash From Operating Activities $22.30M $117.1M $700.0K
YoY Change 3085.71% -13.52%
INVESTING ACTIVITIES
Capital Expenditures -$5.300M -$4.100M -$6.200M
YoY Change -14.52% -88.15% 113.79%
Acquisitions
YoY Change
Other Investing Activities $0.00 $100.0K -$63.50M
YoY Change -100.0% -12800.0%
Cash From Investing Activities -$5.300M -$4.000M -$69.70M
YoY Change -92.4% -88.41% 2930.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.500M -99.10M 72.00M
YoY Change -103.47% 23.11% -72100.0%
NET CHANGE
Cash From Operating Activities 22.30M 117.1M 700.0K
Cash From Investing Activities -5.300M -4.000M -69.70M
Cash From Financing Activities -2.500M -99.10M 72.00M
Net Change In Cash 14.50M 14.00M 3.000M
YoY Change 383.33% -31.37% -225.0%
FREE CASH FLOW
Cash From Operating Activities $22.30M $117.1M $700.0K
Capital Expenditures -$5.300M -$4.100M -$6.200M
Free Cash Flow $27.60M $121.2M $6.900M
YoY Change 300.0% -28.71% 137.93%

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NetIncomeLossAvailableToCommonStockholdersDiluted
114032000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-1175000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2178000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-19256000
us-gaap Net Income Loss
NetIncomeLoss
124176000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
26465000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-4318000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10302000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
727000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
531000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
196000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3260000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
2178000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8824000
us-gaap Operating Income Loss
OperatingIncomeLoss
191283000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-858000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-317000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
1510000
us-gaap Profit Loss
ProfitLoss
150641000
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Reclassifications</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Certain reclassifications of prior year amounts have been made to conform to the 2018 presentation. These reclassifications had no effect on net income or earnings per share as previously reported.</p> </div>
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-121000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3981000
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
10147000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4741000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
86000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
119800000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
365111000
us-gaap Revenues
Revenues
2259320000
us-gaap Share Based Compensation
ShareBasedCompensation
7336000
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
100109 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
67554 shares
dei Trading Symbol
TradingSymbol
WSO
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
4481 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
44584 shares
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
760000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34349815 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34282261 shares
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of condensed consolidated unaudited 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 disclosure of contingent assets and liabilities at the date of the condensed consolidated unaudited financial statements and the reported amounts of revenues and expenses for the reporting period. Significant estimates include valuation reserves for accounts receivable, inventories and income taxes, reserves related to self-insurance programs and the valuation of goodwill and indefinite lived intangible assets. While we believe that these estimates are reasonable, actual results could differ from such estimates.</p> </div>
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
63467 shares
CY2017Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
19094000
CY2017Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.05
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
77057000
CY2017Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
96151000
CY2017Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
965646000
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.07
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.07
CY2017Q2 us-gaap Gross Profit
GrossProfit
310278000
CY2017Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1647000
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
127701000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
36854000
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
5770000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-8000
CY2017Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
6186000
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
67567000
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
67570000
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
937000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
73756000
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
17091000
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5304000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
304000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
222000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
82000
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
129348000
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
40797 shares
CY2018Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
16636000
CY2018Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.45
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
683000
CY2017Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
254000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-5000
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-3000
CY2017Q2 us-gaap Profit Loss
ProfitLoss
90847000
CY2017Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
208000
CY2017Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
6189000
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
180930000
CY2017Q2 us-gaap Revenues
Revenues
1275924000
CY2017Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
55500 shares
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
26172 shares
CY2017Q2 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
2306 shares
CY2017Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2250 shares
CY2017Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
317000
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32708646 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32682474 shares
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
87067000
CY2018Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
103703000
CY2018Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1011977000
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.40
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.41
CY2018Q2 us-gaap Gross Profit
GrossProfit
320766000
CY2018Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-763000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
136583000
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3157000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28319000
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5046000
CY2018Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
7374000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
82578000
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
82583000
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-144000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
89957000
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18307000
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4561000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
520000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
380000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
140000
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
137346000
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-105000
CY2018Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-39000
CY2018Q2 us-gaap Profit Loss
ProfitLoss
108264000
CY2018Q2 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1369000
CY2018Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
7379000
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
186577000
CY2018Q2 us-gaap Revenues
Revenues
1332743000
CY2018Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
8500 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
69310 shares
CY2018Q2 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
2434 shares
CY2018Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
9501 shares
CY2018Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
414000
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34379195 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34309885 shares

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