10-Q Filing

HEICO CORP CIK: 46619 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0000046619-15-000043`
Period End Date	20150731
Filing Date	20150827
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	hei-20150731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 68 Cash Flow Statement 84 Stockholders Equity 26 Comprehensive Income 32

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.90M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.90M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.23M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.85M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.70M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$149.67M	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$150.93M	USD	Point-in-time
Inventories, net	`InventoryNet`	$236.24M	USD	Point-in-time
Inventories, net	`InventoryNet`	$218.04M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$8.87M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$34.48M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$34.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$431.29M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$462.86M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$93.86M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$103.17M	USD	Point-in-time
Goodwill	`Goodwill`	$686.27M	USD	Point-in-time
Goodwill	`Goodwill`	$713.13M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$220.51M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$200.81M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.06M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$974.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$75.91M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$87.76M	USD	Point-in-time
Total assets	`Assets`	$1.49B	USD	Point-in-time
Total assets	`Assets`	$1.59B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$343.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$418.00K	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$57.16M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$53.03M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$92.58M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$91.39M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.07M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$152.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$146.83M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$299.13M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$328.69M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$114.62M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$111.43M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$106.44M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$82.29M	USD	Point-in-time
Total liabilities	`Liabilities`	$674.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$667.01M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interests (Note 3)	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$64.82M	USD	Point-in-time
Redeemable noncontrolling interests (Note 3)	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$39.97M	USD	Point-in-time
Common Stock	`CommonStockValue`	$268.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$269.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$269.35M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$283.49M	USD	Point-in-time
Deferred compensation obligation	`DeferredCompensationObligation`	$1.14M	USD	Point-in-time
Deferred compensation obligation	`DeferredCompensationObligation`	$1.30M	USD	Point-in-time
HEICO stock held by irrevocable trust	`CommonStockIssuedEmployeeStockTrust`	$1.14M	USD	Point-in-time
HEICO stock held by irrevocable trust	`CommonStockIssuedEmployeeStockTrust`	$1.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$437.76M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$516.01M	USD	Point-in-time
Total HEICO shareholders' equity	`StockholdersEquity`	$775.60M	USD	Point-in-time
Total HEICO shareholders' equity	`StockholdersEquity`	$699.48M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$80.98M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$75.14M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$774.62M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$856.58M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.49B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.59B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$291.03M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$840.09M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$300.37M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$859.98M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$552.59M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$544.72M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$187.70M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$192.28M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$53.21M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$146.68M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$49.58M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$145.70M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$699.27M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$690.42M	USD	3 Qtrs
Total operating costs and expenses	`CostsAndExpenses`	$240.92M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$241.86M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$160.70M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$149.67M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$58.51M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$50.11M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$4.17M	USD	3 Qtrs
Interest expense	`InterestExpenseDebt`	$1.09M	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$3.35M	USD	3 Qtrs
Interest expense	`InterestExpenseDebt`	$1.44M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$375.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$83.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$-184.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$591.00K	USD	3 Qtrs
Income before income taxes and noncontrolling interests	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$157.73M	USD	3 Qtrs
Income before income taxes and noncontrolling interests	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$48.75M	USD	1 Quarter
Income before income taxes and noncontrolling interests	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$57.24M	USD	1 Quarter
Income before income taxes and noncontrolling interests	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$146.09M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$48.20M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$43.40M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$18.30M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.40M	USD	1 Quarter
Net income from consolidated operations	`ProfitLoss`	$102.69M	USD	3 Qtrs
Net income from consolidated operations	`ProfitLoss`	$109.53M	USD	3 Qtrs
Net income from consolidated operations	`ProfitLoss`	$37.35M	USD	1 Quarter
Net income from consolidated operations	`ProfitLoss`	$38.94M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.51M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.99M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$14.42M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.57M	USD	1 Quarter
Net income attributable to HEICO	`NetIncomeLoss`	$95.11M	USD	3 Qtrs
Net income attributable to HEICO	`NetIncomeLoss`	$34.37M	USD	1 Quarter
Net income attributable to HEICO	`NetIncomeLoss`	$33.37M	USD	1 Quarter
Net income attributable to HEICO	`NetIncomeLoss`	$89.19M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.34	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.43	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.32	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.40	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	66.44M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	66.81M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	66.50M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	66.71M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.79M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.43M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.47M	shares	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.47	USD	3 Qtrs
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	3 Qtrs
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.06	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter

Cash Flow Statement 84 line items

Line Item	Tag	Value	Unit	Period
Net income from consolidated operations	`ProfitLoss`	$102.69M	USD	3 Qtrs
Net income from consolidated operations	`ProfitLoss`	$109.53M	USD	3 Qtrs
Net income from consolidated operations	`ProfitLoss`	$37.35M	USD	1 Quarter
Net income from consolidated operations	`ProfitLoss`	$38.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.93M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.27M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.07M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.13M	USD	1 Quarter
Impairment of intangible assets	`AssetImpairmentCharges`	$9.20M	USD	3 Qtrs
Impairment of intangible assets	`AssetImpairmentCharges`	-	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$4.39M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$5.87M	USD	3 Qtrs
Employer contributions to HEICO Savings and Investment Plan	`DefinedContributionPlanEmployerDiscretionaryContributionAmount`	$4.48M	USD	3 Qtrs
Employer contributions to HEICO Savings and Investment Plan	`DefinedContributionPlanEmployerDiscretionaryContributionAmount`	$3.85M	USD	3 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-11.55M	USD	3 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-4.91M	USD	3 Qtrs
Tax benefit from stock option exercises	`DeferredTaxExpenseFromStockOptionsExercised`	$1.40M	USD	3 Qtrs
Tax benefit from stock option exercises	`DeferredTaxExpenseFromStockOptionsExercised`	$93.00K	USD	3 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.40M	USD	3 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$93.00K	USD	3 Qtrs
Change in value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-19.52M	USD	3 Qtrs
Change in value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-412.00K	USD	3 Qtrs
Foreign currency transaction adjustments, net	`ForeignCurrencyTransactionGainBeforeTax`	$3.98M	USD	3 Qtrs
Foreign currency transaction adjustments, net	`ForeignCurrencyTransactionGainBeforeTax`	-	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInReceivables`	$-7.91M	USD	3 Qtrs
Change in accounts receivable	`IncreaseDecreaseInReceivables`	$-4.48M	USD	3 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$10.65M	USD	3 Qtrs
Change in inventories	`IncreaseDecreaseInInventories`	$2.29M	USD	3 Qtrs
Change in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$548.00K	USD	3 Qtrs
Change in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.05M	USD	3 Qtrs
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.13M	USD	3 Qtrs
Change in trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.57M	USD	3 Qtrs
Change in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.98M	USD	3 Qtrs
Change in accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-12.46M	USD	3 Qtrs
Change in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-401.00K	USD	3 Qtrs
Change in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$420.00K	USD	3 Qtrs
Other long-term assets and liabilities, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$1.22M	USD	3 Qtrs
Other long-term assets and liabilities, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-5.91M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$127.23M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$121.29M	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.74M	USD	3 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$56.20M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.31M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.26M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.78M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.77M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-171.00K	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$30.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-69.79M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-21.03M	USD	3 Qtrs
Borrowings on revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$112.00M	USD	3 Qtrs
Borrowings on revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$68.70M	USD	3 Qtrs
Payments on revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$102.00M	USD	3 Qtrs
Payments on revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$95.00M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$7.41M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$76.72M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$31.21M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$9.34M	USD	3 Qtrs
Acquisitions of noncontrolling interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	-	USD	3 Qtrs
Acquisitions of noncontrolling interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$1.24M	USD	3 Qtrs
Revolving credit facility issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Revolving credit facility issuance costs	`PaymentsOfDebtIssuanceCosts`	$767.00K	USD	3 Qtrs
Redemptions of common stock related to stock option exercises	`CommonStockIssuedRepurchasedAndRetiredRelatedToStockOptionExercises`	$5.00K	USD	3 Qtrs
Redemptions of common stock related to stock option exercises	`CommonStockIssuedRepurchasedAndRetiredRelatedToStockOptionExercises`	$273.00K	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$594.00K	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$3.26M	USD	3 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$93.00K	USD	3 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.40M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.08M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-290.00K	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-100.61M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-38.69M	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.33M	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-150.00K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.45M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.47M	USD	3 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$20.94M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$20.23M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$15.50M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$31.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$31.70M	USD	Point-in-time

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.47	USD	3 Qtrs
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	3 Qtrs
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.06	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter
Starting Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$774.62M	USD	Point-in-time
Starting Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$856.58M	USD	Point-in-time
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$86.47M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$78.84M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$31.30M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$29.02M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.99M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.51M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.52M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.47M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$92.36M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$99.98M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$35.29M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$33.50M	USD	1 Quarter
Redemptions of common stock related to stock option exercises	`CommonStockIssuedRepurchasedAndRetiredRelatedToStockOptionExercises`	$5.00K	USD	3 Qtrs
Redemptions of common stock related to stock option exercises	`CommonStockIssuedRepurchasedAndRetiredRelatedToStockOptionExercises`	$273.00K	USD	3 Qtrs
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$774.62M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$856.58M	USD	Point-in-time
Starting Balance, Redeemable Noncontrolling Interests	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$64.82M	USD	Point-in-time
Starting Balance, Redeemable Noncontrolling Interests	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$39.97M	USD	Point-in-time
Ending Balance, Redeemable Noncontrolling Interests	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$64.82M	USD	Point-in-time
Ending Balance, Redeemable Noncontrolling Interests	`TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests`	$39.97M	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
Net income from consolidated operations	`ProfitLoss`	$102.69M	USD	3 Qtrs
Net income from consolidated operations	`ProfitLoss`	$109.53M	USD	3 Qtrs
Net income from consolidated operations	`ProfitLoss`	$37.35M	USD	1 Quarter
Net income from consolidated operations	`ProfitLoss`	$38.94M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.06M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-2.71M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-17.18M	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-5.44M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.06M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-17.18M	USD	3 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.71M	USD	3 Qtrs
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-5.44M	USD	1 Quarter
Comprehensive income from consolidated operations	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$92.36M	USD	3 Qtrs
Comprehensive income from consolidated operations	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$99.98M	USD	3 Qtrs
Comprehensive income from consolidated operations	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$35.29M	USD	1 Quarter
Comprehensive income from consolidated operations	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$33.50M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.51M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.99M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$14.42M	USD	3 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.57M	USD	1 Quarter
Less: Foreign currency translation adjustments attributable to noncontrolling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-904.00K	USD	3 Qtrs
Less: Foreign currency translation adjustments attributable to noncontrolling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Less: Foreign currency translation adjustments attributable to noncontrolling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Foreign currency translation adjustments attributable to noncontrolling interests	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest`	$-94.00K	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.99M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.51M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.52M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.47M	USD	1 Quarter
Comprehensive income attributable to HEICO	`ComprehensiveIncomeNetOfTax`	$86.47M	USD	3 Qtrs
Comprehensive income attributable to HEICO	`ComprehensiveIncomeNetOfTax`	$78.84M	USD	3 Qtrs
Comprehensive income attributable to HEICO	`ComprehensiveIncomeNetOfTax`	$31.30M	USD	1 Quarter
Comprehensive income attributable to HEICO	`ComprehensiveIncomeNetOfTax`	$29.02M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.