10-Q Filing

MIDDLEBY CORP CIK: 769520 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000769520-20-000009`
Period End Date	20200331
Filing Date	20200507
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	middleby10-qq12020_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 36 Cash Flow Statement 56 Stockholders Equity 26

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, reserve for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$16.35M	USD	Point-in-time
Accounts receivable, reserve for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$14.89M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$202.86M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$197.63M	USD	Point-in-time
Finite-Lived Intangible Assets, Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$350.80M	USD	Point-in-time
Finite-Lived Intangible Assets, Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$333.51M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.70M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$381.04M	USD	Point-in-time
Accounts receivable, net of reserve for doubtful accounts of $16,350 and $14,886	`AccountsReceivableNetCurrent`	$425.58M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of reserve for doubtful accounts of $16,350 and $14,886	`AccountsReceivableNetCurrent`	$447.61M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	95.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	95.00B	shares	Point-in-time
Inventories, net	`InventoryNet`	$585.70M	USD	Point-in-time
Inventories, net	`InventoryNet`	$623.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	63.21M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	63.13M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$61.22M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$64.00M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.90M	shares	Point-in-time
Prepaid Taxes	`PrepaidTaxes`	$20.16M	USD	Point-in-time
Prepaid Taxes	`PrepaidTaxes`	$13.22M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.94M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.51B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.21B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $202,863 and $197,629	`PropertyPlantAndEquipmentNet`	$352.14M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $202,863 and $197,629	`PropertyPlantAndEquipmentNet`	$345.82M	USD	Point-in-time
Goodwill	`Goodwill`	$1.85B	USD	Point-in-time
Goodwill	`Goodwill`	$1.84B	USD	Point-in-time
Other intangibles	`IntangibleAssetsNetExcludingGoodwill`	$1.44B	USD	Point-in-time
Other intangibles	`IntangibleAssetsNetExcludingGoodwill`	$1.43B	USD	Point-in-time
Long-term deferred tax assets	`DeferredIncomeTaxAssetsNet`	$36.93M	USD	Point-in-time
Long-term deferred tax assets	`DeferredIncomeTaxAssetsNet`	$33.17M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$121.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$110.74M	USD	Point-in-time
Total assets	`Assets`	$5.00B	USD	Point-in-time
Total assets	`Assets`	$4.69B	USD	Point-in-time
Total assets	`Assets`	$5.28B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$21.93M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$191.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$173.69M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$393.57M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$416.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$593.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$607.23M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.87B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.18B	USD	Point-in-time
Deferred Income Tax Liabilities, Net	`DeferredIncomeTaxLiabilitiesNet`	$130.84M	USD	Point-in-time
Deferred Income Tax Liabilities, Net	`DeferredIncomeTaxLiabilitiesNet`	$133.50M	USD	Point-in-time
Liability, Defined Benefit Pension Plan, Noncurrent	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$261.44M	USD	Point-in-time
Liability, Defined Benefit Pension Plan, Noncurrent	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$289.09M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$206.60M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$169.36M	USD	Point-in-time
Common stock, $0.01 par value; 63,206,417 and 63,129,775 shares issued in 2020 and 2019, respectively	`CommonStockValue`	$145.00K	USD	Point-in-time
Common stock, $0.01 par value; 63,206,417 and 63,129,775 shares issued in 2020 and 2019, respectively	`CommonStockValue`	$145.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$395.44M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$387.40M	USD	Point-in-time
Treasury stock, at cost; 7,896,428 and 6,940,089 shares in 2020 and 2019	`TreasuryStockValue`	$525.86M	USD	Point-in-time
Treasury stock, at cost; 7,896,428 and 6,940,089 shares in 2020 and 2019	`TreasuryStockValue`	$451.26M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.36B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.44B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-410.26M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-276.48M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-280.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-350.93M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.95B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.67B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.73B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.89B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.28B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$5.00B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue from Contract with Customer, Excluding Assessed Tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$677.46M	USD	1 Quarter
Revenue from Contract with Customer, Excluding Assessed Tax	`RevenueFromContractWithCustomerExcludingAssessedTax`	$686.80M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$429.49M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$427.27M	USD	1 Quarter
Gross profit	`GrossProfit`	$257.31M	USD	1 Quarter
Gross profit	`GrossProfit`	$250.19M	USD	1 Quarter
Selling, General and Administrative Expense	`SellingGeneralAndAdministrativeExpense`	$155.91M	USD	1 Quarter
Selling, General and Administrative Expense	`SellingGeneralAndAdministrativeExpense`	$143.94M	USD	1 Quarter
Restructuring Charges	`RestructuringCharges`	$342.00K	USD	1 Quarter
Restructuring Charges	`RestructuringCharges`	$834.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$101.06M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$105.41M	USD	1 Quarter
Net interest expense and deferred financing amortization, net	`InterestAndDebtExpense`	$20.52M	USD	1 Quarter
Net interest expense and deferred financing amortization, net	`InterestAndDebtExpense`	$15.71M	USD	1 Quarter
Net Periodic Benefit Cost, Other Components	`NetPeriodicBenefitCostOtherComponents`	$-7.76M	USD	1 Quarter
Net Periodic Benefit Cost, Other Components	`NetPeriodicBenefitCostOtherComponents`	$-10.09M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-3.33M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$1.41M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$89.72M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$96.46M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.68M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.70M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$73.78M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$69.01M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$1.33	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$1.24	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$1.24	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$1.33	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	55.60M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	55.40M	shares	1 Quarter
Dilutive common stock equivalents (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	0.00	shares	1 Quarter
Dilutive common stock equivalents (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	2,000.00	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.40M	shares	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$65.07M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.45M	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$73.78M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$69.01M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$25.51M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$26.60M	USD	1 Quarter
Non-cash share-based compensation	`ShareBasedCompensation`	$4.16M	USD	1 Quarter
Non-cash share-based compensation	`ShareBasedCompensation`	$1.07M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$8.67M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$984.00K	USD	1 Quarter
Net Periodic Benefit Cost, Other Components	`NetPeriodicBenefitCostOtherComponents`	$-7.76M	USD	1 Quarter
Net Periodic Benefit Cost, Other Components	`NetPeriodicBenefitCostOtherComponents`	$-10.09M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-11.74M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-33.41M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$28.09M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$54.53M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.12M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.57M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.57M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$15.00M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-24.77M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-45.86M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$87.14M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.95M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.18M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.10M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$12.40M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$30.04M	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.22M	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.49M	USD	1 Quarter
Proceeds under Credit Facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$2.30B	USD	1 Quarter
Proceeds under Credit Facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$103.96M	USD	1 Quarter
Repayments under Credit Facility	`RepaymentsOfLinesOfCredit`	$1.98B	USD	1 Quarter
Repayments under Credit Facility	`RepaymentsOfLinesOfCredit`	$102.11M	USD	1 Quarter
Net proceeds (repayments) under international credit facilities	`ProceedsFromRepaymentsOfOtherDebt`	$-72.00K	USD	1 Quarter
Net proceeds (repayments) under international credit facilities	`ProceedsFromRepaymentsOfOtherDebt`	$786.00K	USD	1 Quarter
Net repayments under other debt arrangement	`ProceedsFromRepaymentsOfNotesPayable`	$-175.00K	USD	1 Quarter
Net repayments under other debt arrangement	`ProceedsFromRepaymentsOfNotesPayable`	$-11.00K	USD	1 Quarter
Payments of deferred purchase price	`ProceedsFromPaymentsForOtherFinancingActivities`	$-446.00K	USD	1 Quarter
Payments of deferred purchase price	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Repurchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$74.60M	USD	1 Quarter
Repurchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$5.27M	USD	1 Quarter
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	$7.58M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.11M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$245.10M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$164.00K	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.47M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.51M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$286.54M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$94.50M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$81.21M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$71.70M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$381.04M	USD	Point-in-time
Cash and cash equivalents at end of quarter	`CashAndCashEquivalentsAtCarryingValue`	$94.50M	USD	Point-in-time
Cash and cash equivalents at end of quarter	`CashAndCashEquivalentsAtCarryingValue`	$81.21M	USD	Point-in-time
Cash and cash equivalents at end of quarter	`CashAndCashEquivalentsAtCarryingValue`	$71.70M	USD	Point-in-time
Cash and cash equivalents at end of quarter	`CashAndCashEquivalentsAtCarryingValue`	$381.04M	USD	Point-in-time

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax`	$1.38M	USD	1 Quarter
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax`	$-3.12M	USD	1 Quarter
Unrealized (loss) gain on interest rate swap, tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-9.30M	USD	1 Quarter
Unrealized (loss) gain on interest rate swap, tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-3.18M	USD	1 Quarter
Balance, Beginning	`StockholdersEquity`	$1.95B	USD	Point-in-time
Balance, Beginning	`StockholdersEquity`	$1.67B	USD	Point-in-time
Balance, Beginning	`StockholdersEquity`	$1.73B	USD	Point-in-time
Balance, Beginning	`StockholdersEquity`	$1.89B	USD	Point-in-time
Net earnings	`NetIncomeLoss`	$73.78M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$69.01M	USD	1 Quarter
Adoption of ASU 2017-12 (1)	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-100.00K	USD	Point-in-time
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$10.68M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-48.92M	USD	1 Quarter
Change in unrecognized pension benefit costs, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-14.81M	USD	1 Quarter
Change in unrecognized pension benefit costs, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$5.26M	USD	1 Quarter
Unrealized gain on interest rate swaps, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-25.22M	USD	1 Quarter
Unrealized gain on interest rate swaps, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-9.37M	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.16M	USD	1 Quarter
Stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.07M	USD	1 Quarter
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$3.88M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$5.27M	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$74.60M	USD	1 Quarter
Balance, Ending	`StockholdersEquity`	$1.95B	USD	Point-in-time
Balance, Ending	`StockholdersEquity`	$1.67B	USD	Point-in-time
Balance, Ending	`StockholdersEquity`	$1.73B	USD	Point-in-time
Balance, Ending	`StockholdersEquity`	$1.89B	USD	Point-in-time

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