2018 Q4 Form 10-K Financial Statement

#000011047120000008 Filed on February 26, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $579.6M $558.6M $566.9M
YoY Change 0.17% -3.91% -4.13%
Cost Of Revenue $352.5M $326.5M $332.7M
YoY Change -0.93% -6.55% -5.48%
Gross Profit $227.1M $232.1M $234.2M
YoY Change 2.25% 0.61% -0.21%
Gross Profit Margin 39.18% 41.55% 41.31%
Selling, General & Admin $165.5M $161.6M $163.3M
YoY Change -6.18% -5.22% -9.38%
% of Gross Profit 72.88% 69.63% 69.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.900M $7.500M $7.300M
YoY Change -3.26% -16.67% -20.65%
% of Gross Profit 3.92% 3.23% 3.12%
Operating Expenses $173.2M $161.6M $163.3M
YoY Change -18.19% -5.22% -9.38%
Operating Profit $53.90M $68.40M $68.10M
YoY Change 418.27% 83.87% 97.39%
Interest Expense -$5.800M -$5.800M -$5.700M
YoY Change -33.33% -1.69% -35.96%
% of Operating Profit -10.76% -8.48% -8.37%
Other Income/Expense, Net -$6.600M -$4.500M -$400.0K
YoY Change -1.49% -55.45% -96.99%
Pretax Income $40.90M $63.90M $67.70M
YoY Change -150.56% 135.79% 219.34%
Income Tax $1.600M $5.000M $12.20M
% Of Pretax Income 3.91% 7.82% 18.02%
Net Earnings $39.30M $58.80M $55.30M
YoY Change -165.17% 153.45% 231.14%
Net Earnings / Revenue 6.78% 10.53% 9.75%
Basic Earnings Per Share $0.39 $0.62 $0.58
Diluted Earnings Per Share $0.39 $0.60 $0.57
COMMON SHARES
Basic Shares Outstanding 94.84M shares 93.20M shares 93.10M shares
Diluted Shares Outstanding 95.30M shares 95.00M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $143.1M $228.1M $354.9M
YoY Change -70.25% -44.74% 16.71%
Cash & Equivalents $143.1M $228.1M $354.9M
Short-Term Investments
Other Short-Term Assets $45.80M $32.20M $36.30M
YoY Change 1.1% -45.33% -8.1%
Inventory $317.6M $324.4M $293.8M
Prepaid Expenses
Receivables $361.2M $364.0M $297.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $867.7M $948.7M $982.2M
YoY Change -19.23% -6.99% -0.57%
LONG-TERM ASSETS
Property, Plant & Equipment $130.9M $131.4M $130.4M
YoY Change -4.24% -7.59% -10.13%
Goodwill $424.4M $427.5M $427.0M
YoY Change -1.26% -0.56% 0.45%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $80.60M $79.90M $77.90M
YoY Change 11.33% 13.17% 16.1%
Total Long-Term Assets $1.315B $1.320B $1.318B
YoY Change -0.7% -5.6% -5.85%
TOTAL ASSETS
Total Short-Term Assets $867.7M $948.7M $982.2M
Total Long-Term Assets $1.315B $1.320B $1.318B
Total Assets $2.183B $2.269B $2.300B
YoY Change -9.0% -6.19% -3.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $202.3M $139.5M $174.3M
YoY Change 24.65% -1.55% 53.16%
Accrued Expenses $138.3M $156.6M $150.4M
YoY Change -14.63% 17.48% 22.58%
Deferred Revenue
YoY Change
Short-Term Debt $125.0M $1.500M $1.300M
YoY Change 24900.0% -6.25% -45.83%
Long-Term Debt Due $7.500M $60.00M $45.00M
YoY Change -80.0% 22.95% 9.22%
Total Short-Term Liabilities $473.1M $357.6M $371.0M
YoY Change 30.58% 8.2% 32.45%
LONG-TERM LIABILITIES
Long-Term Debt $438.0M $601.0M $615.6M
YoY Change -41.18% -19.24% -20.0%
Other Long-Term Liabilities $80.50M $67.60M $89.50M
YoY Change -27.15% 36.29% 125.44%
Total Long-Term Liabilities $518.5M $668.6M $705.1M
YoY Change -39.36% -15.77% -12.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $473.1M $357.6M $371.0M
Total Long-Term Liabilities $518.5M $668.6M $705.1M
Total Liabilities $991.6M $1.026B $1.076B
YoY Change -18.55% -8.73% -1.21%
SHAREHOLDERS EQUITY
Retained Earnings $1.170B $1.138B $1.087B
YoY Change 17.89% 7.55% 5.96%
Common Stock $309.0M $298.2M $284.4M
YoY Change 20.89% 24.25% 27.65%
Preferred Stock
YoY Change
Treasury Stock (at cost) $404.4M $299.0M $279.0M
YoY Change 81.35% 34.08% 52.29%
Treasury Stock Shares 15.91M shares 12.75M shares 12.22M shares
Shareholders Equity $986.0M $1.056B $1.010B
YoY Change
Total Liabilities & Shareholders Equity $2.183B $2.269B $2.300B
YoY Change -9.0% -6.19% -3.66%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $39.30M $58.80M $55.30M
YoY Change -165.17% 153.45% 231.14%
Depreciation, Depletion And Amortization $8.900M $7.500M $7.300M
YoY Change -3.26% -16.67% -20.65%
Cash From Operating Activities $131.5M -$99.10M $126.4M
YoY Change -14.16% -171.6% -510.39%
INVESTING ACTIVITIES
Capital Expenditures -$6.400M -$7.000M -$4.900M
YoY Change 72.97% -19.54% -144.14%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$400.0K $1.600M
YoY Change -60.0% -84.0% 128.57%
Cash From Investing Activities -$7.400M -$7.400M -$3.300M
YoY Change 19.35% -33.93% -72.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -207.1M -20.70M -17.60M
YoY Change 1853.77% -5.48% -26.05%
NET CHANGE
Cash From Operating Activities 131.5M -99.10M 126.4M
Cash From Investing Activities -7.400M -7.400M -3.300M
Cash From Financing Activities -207.1M -20.70M -17.60M
Net Change In Cash -83.00M -127.2M 105.5M
YoY Change -160.85% -220.8% -258.89%
FREE CASH FLOW
Cash From Operating Activities $131.5M -$99.10M $126.4M
Capital Expenditures -$6.400M -$7.000M -$4.900M
Free Cash Flow $137.9M -$92.10M $131.3M
YoY Change -12.11% -162.61% -413.37%

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5500000 USD
CY2018 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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0 USD
CY2017 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
0 USD
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974100000 USD
CY2017 us-gaap Net Income Loss
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300000 USD
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-1000000.0 USD
CY2017 us-gaap Profit Loss
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-700000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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5900000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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300000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
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6200000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
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-200000 USD
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
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21400000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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25400000 USD
CY2017 us-gaap Dividends Common Stock Cash
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23200000 USD
CY2017 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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1100000 USD
CY2017 www Purchaseof Common Stockfor Treasury
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42300000 USD
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
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5300000 USD
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EarningsPerShareDiluted
2.05
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-13800000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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0 USD
CY2019 us-gaap Profit Loss
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128900000 USD
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-1900000 USD
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800000 USD
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-2100000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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955200000 USD
CY2018 us-gaap Net Income Loss
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200100000 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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200000 USD
CY2018 us-gaap Profit Loss
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200300000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5000000.0 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-200000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5200000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
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24000000.0 USD
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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31200000 USD
CY2018 us-gaap Dividends Common Stock Cash
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30700000 USD
CY2018 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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300000 USD
CY2018 www Purchaseof Common Stockfor Treasury
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174700000 USD
CY2018 us-gaap Treasury Stock Value Acquired Cost Method
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6900000 USD
CY2018 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
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0 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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991600000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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991600000 USD
CY2019 us-gaap Net Income Loss
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128500000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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400000 USD
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-13800000 USD
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4100000 USD
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
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12200000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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24500000 USD
CY2019 us-gaap Dividends Common Stock Cash
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34900000 USD
CY2019 us-gaap Stock Issued During Period Value Treasury Stock Reissued
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300000 USD
CY2019 www Purchaseof Common Stockfor Treasury
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319200000 USD
CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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12800000 USD
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5700000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
778400000 USD
CY2018Q4 us-gaap Prepaid Advertising
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1500000 USD
CY2019 us-gaap Fiscal Period
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<div style="line-height:120%;padding-bottom:6px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Fiscal Year</span></div><span style="font-family:inherit;font-size:10pt;">The Company’s fiscal year is the 52- or 53-week period that ends on the Saturday nearest to December 31. Fiscal years </span><span style="font-family:inherit;font-size:10pt;">2019</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;">2018</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">2017</span><span style="font-family:inherit;font-size:10pt;"> all had </span><span style="font-family:inherit;font-size:10pt;"><span>52</span></span> weeks.
CY2019 www Fiscal Year Period
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52
CY2019 us-gaap Use Of Estimates
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<div style="line-height:120%;padding-bottom:6px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.</span></div>
CY2019 us-gaap Advertising Expense
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119400000 USD
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120800000 USD
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107100000 USD
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3700000 USD
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93000000.0 shares
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96400000 shares
CY2019 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
600000 shares
CY2018 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
1800000 shares
CY2017 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
2700000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85100000 shares
CY2019 us-gaap Net Income Loss
NetIncomeLoss
128500000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
200100000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
300000 USD
CY2019 www Adjustment For Earnings Allocated To Nonvested Restricted Common Stock
AdjustmentForEarningsAllocatedToNonvestedRestrictedCommonStock
2600000 USD
CY2018 www Adjustment For Earnings Allocated To Nonvested Restricted Common Stock
AdjustmentForEarningsAllocatedToNonvestedRestrictedCommonStock
7500000 USD
CY2017 www Adjustment For Earnings Allocated To Nonvested Restricted Common Stock
AdjustmentForEarningsAllocatedToNonvestedRestrictedCommonStock
0 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
125900000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
192600000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
300000 USD
CY2019 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
100000 USD
CY2018 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
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1800000 USD
CY2017 us-gaap Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
-200000 USD
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NetIncomeLossAvailableToCommonStockholdersDiluted
126000000.0 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
194400000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
100000 USD
CY2019 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
85700000 shares
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
94800000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93700000 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2100000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000.0 shares
CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1700000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87200000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95000000.0 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95400000 shares
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.48
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.07
CY2017 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.44
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25230 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1753869 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000 shares
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2017 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
5500000 USD
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
133505 shares
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9400000 USD
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
71900000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8600000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
77800000 USD
CY2019Q4 us-gaap Stock Repurchase Program Authorized Amount1
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400000000.0 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6200000 USD
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FiniteLivedIntangibleAssetsGross
115100000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
43200000 USD
CY2019 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
16900000 USD
CY2018 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
8800000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
424400000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
429800000 USD
CY2019 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
12000000.0 USD
CY2018 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
0 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2500000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-5400000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
438900000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
424400000 USD
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
604500000 USD
CY2017 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
68600000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
130600000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
52800000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
6900000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6600000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6400000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6100000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
5900000 USD
CY2019Q4 www Sale Of Accounts Receivable Maximum Amount Under Agreement
SaleOfAccountsReceivableMaximumAmountUnderAgreement
150000000.0 USD
CY2019Q4 www Sale Of Accounts Receivable Percent Paid At Sale
SaleOfAccountsReceivablePercentPaidAtSale
0.90
CY2019 www Accounts Receivable Sold
AccountsReceivableSold
42700000 USD
CY2018 www Accounts Receivable Sold
AccountsReceivableSold
264300000 USD
CY2017 www Accounts Receivable Sold
AccountsReceivableSold
558300000 USD
CY2019 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
200000 USD
CY2018 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
1300000 USD
CY2017 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
2100000 USD
CY2019Q4 www Accounts Receivable Reduction Due To Sale
AccountsReceivableReductionDueToSale
33900000 USD
CY2018Q4 www Accounts Receivable Reduction Due To Sale
AccountsReceivableReductionDueToSale
0 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2273700000 USD
CY2018 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2239200000 USD
CY2017 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2350000000.0 USD
CY2019Q4 www Revenue Remaining Performance Obligation Amount
RevenueRemainingPerformanceObligationAmount
33600000 USD
CY2019Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Year1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionYear1
2024
CY2019Q4 www Product Returns Reserve
ProductReturnsReserve
11400000 USD
CY2018Q4 www Product Returns Reserve
ProductReturnsReserve
13600000 USD
CY2019Q4 www Customer Markdowns Reserve
CustomerMarkdownsReserve
4400000 USD
CY2018Q4 www Customer Markdowns Reserve
CustomerMarkdownsReserve
4000000.0 USD
CY2019Q4 www Sales Incentives Reserve
SalesIncentivesReserve
2300000 USD
CY2018Q4 www Sales Incentives Reserve
SalesIncentivesReserve
2300000 USD
CY2019Q4 www Customer Rebates Liability
CustomerRebatesLiability
12000000.0 USD
CY2018Q4 www Customer Rebates Liability
CustomerRebatesLiability
12800000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
7200000 USD
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3800000 USD
CY2019Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
81200000 USD
CY2018Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
61100000 USD
CY2019 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
400000 USD
CY2018 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
4600000 USD
CY2019Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
11400000 USD
CY2018Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
11800000 USD
CY2019Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
360000000.0 USD
CY2018Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
125000000.0 USD
CY2019Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
0 USD
CY2018Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
400000 USD
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
4100000 USD
CY2018Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
4900000 USD
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
798400000 USD
CY2018Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
570500000 USD
CY2019Q4 us-gaap Long Term Debt Current
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12500000 USD
CY2019 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1600000 USD
CY2018 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2800000 USD
CY2017 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2800000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
372500000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
10000000.0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
10000000.0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
160000000.0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
250000000.0 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
381800000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
184000000.0 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
250900000 USD
CY2019Q4 us-gaap Land
Land
3900000 USD
CY2018Q4 us-gaap Land
Land
3900000 USD
CY2019Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
123200000 USD
CY2018Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
108800000 USD
CY2019Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
136800000 USD
CY2018Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
162500000 USD
CY2019Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
61100000 USD
CY2018Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
106600000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
325000000.0 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
141000000.0 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
130900000 USD
CY2019 us-gaap Depreciation
Depreciation
24100000 USD
CY2018 us-gaap Depreciation
Depreciation
25300000 USD
CY2017 us-gaap Depreciation
Depreciation
27800000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7493662 shares
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y1M6D
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.025
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.017
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.010
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
32600000 USD
CY2019 us-gaap Variable Lease Cost
VariableLeaseCost
14500000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1200000 USD
CY2019 us-gaap Sublease Income
SubleaseIncome
4000000.0 USD
CY2019 us-gaap Lease Cost
LeaseCost
44300000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
34100000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
30300000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
27600000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
20500000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
17700000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
105100000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
235300000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
54000000.0 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
181300000 USD
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
33200000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
26800000 USD
CY2019Q4 www Lessee Operating Lease Not Yet Commenced Value
LesseeOperatingLeaseNotYetCommencedValue
4800000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
300000 USD
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39900000 USD
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2800000 USD
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1900000 USD
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0.008
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0.010
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9.07
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8.20
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P3Y
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P4Y
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P4Y
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21.09
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P4Y
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<div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company follows ASC 815, which requires that all derivative instruments be recorded on the consolidated balance sheets at fair value by establishing criteria for designation and effectiveness of hedging relationships. The Company does not hold or issue financial instruments for trading purposes.</span></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company utilizes foreign currency forward exchange contracts designated as cash flow hedges to manage the volatility associated primarily with U.S. dollar inventory purchases made by non-U.S. wholesale operations in the normal course of business. These foreign currency forward exchange hedge contracts extended out to a maximum of </span><span style="font-family:inherit;font-size:10pt;"><span>545</span></span><span style="font-family:inherit;font-size:10pt;"> days and </span><span style="font-family:inherit;font-size:10pt;"><span>524</span></span><span style="font-family:inherit;font-size:10pt;"> days as of </span><span style="font-family:inherit;font-size:10pt;"><span><span style="white-space:nowrap">December 28, 2019</span></span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 29, 2018</span><span style="font-family:inherit;font-size:10pt;">, respectively. When foreign exchange contracts are determined not to be highly effective or are terminated before their contractual termination dates, the Company would remove the hedge designation from those contracts and reclassify into earnings the unrealized gains or losses that would otherwise be included in accumulated other comprehensive income (loss) (“AOCI”) within stockholders’ equity. During fiscal 2019, the Company reclassified $</span><span style="font-family:inherit;font-size:10pt;"><span>1.2 million</span></span><span style="font-family:inherit;font-size:10pt;"> to other income for foreign currency derivatives that were no longer deemed highly effective. </span></div>The Company also utilizes foreign currency forward exchange contracts that are not designated as hedging instruments to manage foreign currency transaction exposure. Foreign currency derivatives not designated as hedging instruments are offset by foreign exchange gains or losses resulting from the underlying exposures of foreign currency denominated assets and liabilities.
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P10Y
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0.293
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0.025
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21.29
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31.85
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17.12
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28700000 USD
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21200000 USD
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4500000 USD
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4200000 USD
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1100000 USD
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1100000 USD
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5500000 USD
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16500000 USD
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45400000 USD
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13900000 USD
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19200000 USD
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299600000 USD
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13900000 USD
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19200000 USD
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319100000 USD
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6600000 USD
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5500000 USD
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6300000 USD
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7200000 USD
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15200000 USD
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16500000 USD
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17700000 USD
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17700000 USD
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21500000 USD
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19800000 USD
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0 USD
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0 USD
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5600000 USD
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11800000 USD
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0.0360
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0.0446
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0.0446
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0.0380
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1
CY2019 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
25200000 USD
CY2019 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
15100000 USD
CY2019 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
4600000 USD
CY2019 us-gaap Business Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
5500000 USD
CY2019 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
25200000 USD
CY2018Q1 us-gaap Gross Profit
GrossProfit
227900000 USD
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
1800000 USD
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
6200000 USD
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
12900000 USD
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
32900000 USD
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities Noncurrent
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilitiesNoncurrent
3200000 USD
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
4500000 USD
CY2019Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
7700000 USD
CY2019Q4 us-gaap Business Combination Assets And Liabilities Arising From Contingencies Amount Recognized
BusinessCombinationAssetsAndLiabilitiesArisingFromContingenciesAmountRecognized
25200000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
607400000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
220200000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
234200000 USD
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
34900000 USD
CY2019Q2 us-gaap Gross Profit
GrossProfit
230400000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
243300000 USD
CY2018Q3 us-gaap Gross Profit
GrossProfit
232100000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
568600000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
574300000 USD
CY2019Q4 us-gaap Gross Profit
GrossProfit
229900000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
40500000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
40200000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
48700000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-900000 USD
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
534100000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
566900000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
558600000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
579600000 USD
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
CY2018Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
43000000.0 USD
CY2018 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
80600000 USD
CY2018 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2018 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
88700000 USD
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
34900000 USD
CY2016Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
57400000 USD
CY2017 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
99200000 USD
CY2017 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2017 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
113600000 USD
CY2017Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
43000000.0 USD

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