10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001481792-22-000016 |
| Period End Date | 20220331 |
| Filing Date | 20220504 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | quad-20220331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowances for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$28.40M | USD | Point-in-time |
| Allowances for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$28.20M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$138.30M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$179.90M | USD | Point-in-time |
| Receivables, less allowance for credit losses of $28.4 million at March 31, 2022, and $28.2 million at December 31, 2021 |
ReceivablesNetCurrent
|
$341.70M | USD | Point-in-time |
| Receivables, less allowance for credit losses of $28.4 million at March 31, 2022, and $28.2 million at December 31, 2021 |
ReceivablesNetCurrent
|
$362.00M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$226.20M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$249.10M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$41.00M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$45.10M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$774.20M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$809.10M | USD | Point-in-time |
| Property, plant and equipmentnet |
PropertyPlantAndEquipmentNet
|
$716.30M | USD | Point-in-time |
| Property, plant and equipmentnet |
PropertyPlantAndEquipmentNet
|
$727.00M | USD | Point-in-time |
| Operating lease right-of-use assetsnet |
OperatingLeaseRightOfUseAsset
|
$125.70M | USD | Point-in-time |
| Operating lease right-of-use assetsnet |
OperatingLeaseRightOfUseAsset
|
$119.20M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$86.40M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$86.40M | USD | Point-in-time |
| Other intangible assetsnet |
IntangibleAssetsNetExcludingGoodwill
|
$68.20M | USD | Point-in-time |
| Other intangible assetsnet |
IntangibleAssetsNetExcludingGoodwill
|
$75.30M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$66.50M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$73.90M | USD | Point-in-time |
| Total assets |
Assets
|
$1.89B | USD | Point-in-time |
| Total assets |
Assets
|
$1.84B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$367.30M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$396.30M | USD | Point-in-time |
| Other current liabilities |
AccruedLiabilitiesCurrent
|
$248.20M | USD | Point-in-time |
| Other current liabilities |
AccruedLiabilitiesCurrent
|
$314.30M | USD | Point-in-time |
| Short-term debt and current portion of long-term debt |
LongTermDebtCurrent
|
$245.60M | USD | Point-in-time |
| Short-term debt and current portion of long-term debt |
LongTermDebtCurrent
|
$251.50M | USD | Point-in-time |
| Current portion of finance lease obligations |
FinanceLeaseLiabilityCurrent
|
$1.40M | USD | Point-in-time |
| Current portion of finance lease obligations |
FinanceLeaseLiabilityCurrent
|
$1.80M | USD | Point-in-time |
| Current portion of operating lease obligations |
OperatingLeaseLiabilityCurrent
|
$28.10M | USD | Point-in-time |
| Current portion of operating lease obligations |
OperatingLeaseLiabilityCurrent
|
$28.60M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$957.10M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$926.00M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$547.90M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$554.90M | USD | Point-in-time |
| Finance lease obligations |
FinanceLeaseLiabilityNoncurrent
|
$1.40M | USD | Point-in-time |
| Finance lease obligations |
FinanceLeaseLiabilityNoncurrent
|
$1.40M | USD | Point-in-time |
| Operating lease obligations |
OperatingLeaseLiabilityNoncurrent
|
$93.30M | USD | Point-in-time |
| Operating lease obligations |
OperatingLeaseLiabilityNoncurrent
|
$99.80M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$12.80M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$11.90M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$119.50M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$128.10M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.70B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.75B | USD | Point-in-time |
| Commitments and contingencies (Note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred stock |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock |
PreferredStockValue
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$839.30M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$838.60M | USD | Point-in-time |
| Treasury stock, at cost |
TreasuryStockValue
|
$14.90M | USD | Point-in-time |
| Treasury stock, at cost |
TreasuryStockValue
|
$14.60M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-528.80M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-527.80M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-159.30M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-161.20M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-175.50M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-171.30M | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$136.80M | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$137.30M | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$1.84B | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$1.89B | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$744.20M | USD | 1 Quarter |
| Total net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$705.80M | USD | 1 Quarter |
| Total cost of sales |
CostOfGoodsAndServicesSold
|
$559.80M | USD | 1 Quarter |
| Total cost of sales |
CostOfGoodsAndServicesSold
|
$619.60M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$79.10M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$80.50M | USD | 1 Quarter |
| Depreciation and amortization |
OtherDepreciationAndAmortization
|
$36.50M | USD | 1 Quarter |
| Depreciation and amortization |
OtherDepreciationAndAmortization
|
$41.90M | USD | 1 Quarter |
| Restructuring, impairment and transaction-related charges |
RestructuringSettlementAndImpairmentProvisions
|
$2.60M | USD | 1 Quarter |
| Restructuring, impairment and transaction-related charges |
RestructuringSettlementAndImpairmentProvisions
|
$3.60M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$738.80M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$684.80M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$5.40M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$21.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$14.50M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$9.30M | USD | 1 Quarter |
| Net pension income |
DefinedBenefitPlanNetPeriodicBenefitCost
|
$-4.10M | USD | 1 Quarter |
| Net pension income |
DefinedBenefitPlanNetPeriodicBenefitCost
|
$-3.20M | USD | 1 Quarter |
| Earnings (loss) before income taxes and equity in earnings of unconsolidated entity |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$10.60M | USD | 1 Quarter |
| Earnings (loss) before income taxes and equity in earnings of unconsolidated entity |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-700.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$500.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$300.00K | USD | 1 Quarter |
| Earnings (loss) before equity in earnings of unconsolidated entity |
IncomeLossBeforeEquityinEarningsLossofUnconsolidatedEntities
|
$10.10M | USD | 1 Quarter |
| Earnings (loss) before equity in earnings of unconsolidated entity |
IncomeLossBeforeEquityinEarningsLossofUnconsolidatedEntities
|
$-1.00M | USD | 1 Quarter |
| Equity in earnings of unconsolidated entity |
IncomeLossFromEquityMethodInvestments
|
- | USD | 1 Quarter |
| Equity in earnings of unconsolidated entity |
IncomeLossFromEquityMethodInvestments
|
$100.00K | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLoss
|
$-1.00M | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLoss
|
$10.20M | USD | 1 Quarter |
| Basic (USD per share) |
EarningsPerShareBasic
|
$0.20 | USD | 1 Quarter |
| Basic (USD per share) |
EarningsPerShareBasic
|
$-0.02 | USD | 1 Quarter |
| Diluted (USD per share) |
EarningsPerShareDiluted
|
$-0.02 | USD | 1 Quarter |
| Diluted (USD per share) |
EarningsPerShareDiluted
|
$0.19 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
51.50M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
51.40M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
52.80M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
51.50M | shares | 1 Quarter |
Cash Flow Statement
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings (loss) |
NetIncomeLoss
|
$-1.00M | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLoss
|
$10.20M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortizationIncludingDiscontinuedOperation
|
$36.50M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortizationIncludingDiscontinuedOperation
|
$41.90M | USD | 1 Quarter |
| Impairment charges |
RestructuringCostsAndAssetImpairmentChargesExcludingGoodwillImpairment
|
$800.00K | USD | 1 Quarter |
| Impairment charges |
RestructuringCostsAndAssetImpairmentChargesExcludingGoodwillImpairment
|
$100.00K | USD | 1 Quarter |
| Amortization of debt issuance costs and original issue discount |
AmortizationOfFinancingCostsAndDiscounts
|
$600.00K | USD | 1 Quarter |
| Amortization of debt issuance costs and original issue discount |
AmortizationOfFinancingCostsAndDiscounts
|
$700.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.90M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$3.00M | USD | 1 Quarter |
| Gain on the sale or disposal of property, plant and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$400.00K | USD | 1 Quarter |
| Gain on the sale or disposal of property, plant and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$7.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$100.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$300.00K | USD | 1 Quarter |
| Equity in earnings of unconsolidated entity |
IncomeLossFromEquityMethodInvestments
|
- | USD | 1 Quarter |
| Equity in earnings of unconsolidated entity |
IncomeLossFromEquityMethodInvestments
|
$100.00K | USD | 1 Quarter |
| Changes in operating assets and liabilitiesnet of acquisitions and divestitures |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-23.40M | USD | 1 Quarter |
| Changes in operating assets and liabilitiesnet of acquisitions and divestitures |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$55.00M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-16.90M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$72.90M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$16.90M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$19.10M | USD | 1 Quarter |
| Cost investment in unconsolidated entities |
PaymentsToAcquireAdditionalInterestInSubsidiaries
|
$1.90M | USD | 1 Quarter |
| Cost investment in unconsolidated entities |
PaymentsToAcquireAdditionalInterestInSubsidiaries
|
$300.00K | USD | 1 Quarter |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$11.40M | USD | 1 Quarter |
| Proceeds from the sale of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$500.00K | USD | 1 Quarter |
| Other investing activities |
PaymentsForProceedsFromOtherInvestingActivities
|
$-1.80M | USD | 1 Quarter |
| Other investing activities |
PaymentsForProceedsFromOtherInvestingActivities
|
$200.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-18.70M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-6.00M | USD | 1 Quarter |
| Payments of long-term debt |
RepaymentsOfOtherLongTermDebt
|
$3.70M | USD | 1 Quarter |
| Payments of long-term debt |
RepaymentsOfOtherLongTermDebt
|
$33.90M | USD | 1 Quarter |
| Payments of finance lease obligations |
FinanceLeasePrincipalPayments
|
$800.00K | USD | 1 Quarter |
| Payments of finance lease obligations |
FinanceLeasePrincipalPayments
|
$800.00K | USD | 1 Quarter |
| Borrowings on revolving credit facilities |
ProceedsFromLongTermLinesOfCredit
|
$4.40M | USD | 1 Quarter |
| Borrowings on revolving credit facilities |
ProceedsFromLongTermLinesOfCredit
|
$25.50M | USD | 1 Quarter |
| Payments on revolving credit facilities |
RepaymentsOfLongTermLinesOfCredit
|
$5.70M | USD | 1 Quarter |
| Payments on revolving credit facilities |
RepaymentsOfLongTermLinesOfCredit
|
$23.10M | USD | 1 Quarter |
| Equity awards redeemed to pay employees tax obligations |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.10M | USD | 1 Quarter |
| Equity awards redeemed to pay employees tax obligations |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$2.50M | USD | 1 Quarter |
| Payment of cash dividends |
PaymentsOfDividends
|
$1.40M | USD | 1 Quarter |
| Payment of cash dividends |
PaymentsOfDividends
|
$1.40M | USD | 1 Quarter |
| Other financing activities |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-2.90M | USD | 1 Quarter |
| Other financing activities |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-100.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-6.10M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-41.40M | USD | 1 Quarter |
| Effect of exchange rates on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-100.00K | USD | 1 Quarter |
| Effect of exchange rates on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$100.00K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$25.40M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-41.60M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$179.90M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$55.20M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$138.30M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$80.60M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$179.90M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$55.20M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$138.30M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$80.60M | USD | Point-in-time |
Stockholders Equity
4 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings (loss) |
NetIncomeLoss
|
$-1.00M | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLoss
|
$10.20M | USD | 1 Quarter |
| Interest rate swap adjustments |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
|
$1.40M | USD | 1 Quarter |
| Interest rate swap adjustments |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
|
$1.80M | USD | 1 Quarter |
Comprehensive Income
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings (loss) |
NetIncomeLoss
|
$-1.00M | USD | 1 Quarter |
| Net earnings (loss) |
NetIncomeLoss
|
$10.20M | USD | 1 Quarter |
| Translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
$-6.00M | USD | 1 Quarter |
| Translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
$800.00K | USD | 1 Quarter |
| Interest rate swap adjustments |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
|
$1.40M | USD | 1 Quarter |
| Interest rate swap adjustments |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
|
$1.80M | USD | 1 Quarter |
| Other comprehensive income (loss), before tax |
OtherComprehensiveIncomeLossBeforeTax
|
$-4.20M | USD | 1 Quarter |
| Other comprehensive income (loss), before tax |
OtherComprehensiveIncomeLossBeforeTax
|
$2.20M | USD | 1 Quarter |
| Income tax impact related to items of other comprehensive income (loss) |
OtherComprehensiveIncomeLossTax
|
$300.00K | USD | 1 Quarter |
| Income tax impact related to items of other comprehensive income (loss) |
OtherComprehensiveIncomeLossTax
|
- | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$1.90M | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-4.20M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$6.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$900.00K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.