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10-Q Filing

BRADY CORP CIK: 746598 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000746598-15-000199
Period End Date 20151031
Filing Date 20151119
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance brc-20151031.xml
Filing Contents
Balance Sheet 84 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $81.83M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $116.47M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $114.49M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $110.61M USD Point-in-time
Accounts receivablenet AccountsReceivableNetCurrent $157.39M USD Point-in-time
Accounts receivablenet AccountsReceivableNetCurrent $159.17M USD Point-in-time
Finished products InventoryFinishedGoodsNetOfReserves $66.70M USD Point-in-time
Finished products InventoryFinishedGoodsNetOfReserves $63.50M USD Point-in-time
Work-in-process InventoryWorkInProcessNetOfReserves $16.96M USD Point-in-time
Work-in-process InventoryWorkInProcessNetOfReserves $17.46M USD Point-in-time
Raw materials and supplies InventoryRawMaterialsAndSuppliesNetOfReserves $20.85M USD Point-in-time
Raw materials and supplies InventoryRawMaterialsAndSuppliesNetOfReserves $21.06M USD Point-in-time
Total inventories InventoryNet $102.02M USD Point-in-time
Total inventories InventoryNet $104.51M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $32.20M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $35.41M USD Point-in-time
Total current assets AssetsCurrent $407.21M USD Point-in-time
Total current assets AssetsCurrent $408.58M USD Point-in-time
Goodwill Goodwill $430.97M USD Point-in-time
Goodwill Goodwill $433.20M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $68.89M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $66.24M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $20.81M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $22.31M USD Point-in-time
Other OtherAssetsNoncurrent $17.51M USD Point-in-time
Other OtherAssetsNoncurrent $18.70M USD Point-in-time
Land Land $5.28M USD Point-in-time
Land Land $5.10M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $93.80M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $94.42M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $270.09M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $257.60M USD Point-in-time
Construction in progress ConstructionInProgressGross $2.90M USD Point-in-time
Construction in progress ConstructionInProgressGross $2.16M USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $359.40M USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $371.96M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $260.74M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $253.29M USD Point-in-time
Property, plant and equipmentnet PropertyPlantAndEquipmentNet $111.21M USD Point-in-time
Property, plant and equipmentnet PropertyPlantAndEquipmentNet $106.11M USD Point-in-time
Total Assets $1.06B USD Point-in-time
Total Assets $1.05B USD Point-in-time
Notes payable NotesPayableCurrent $9.17M USD Point-in-time
Notes payable NotesPayableCurrent $10.41M USD Point-in-time
Accounts payable AccountsPayableCurrent $73.02M USD Point-in-time
Accounts payable AccountsPayableCurrent $72.70M USD Point-in-time
Wages and amounts withheld from employees EmployeeRelatedLiabilitiesCurrent $29.73M USD Point-in-time
Wages and amounts withheld from employees EmployeeRelatedLiabilitiesCurrent $30.28M USD Point-in-time
Taxes, other than income taxes AccrualForTaxesOtherThanIncomeTaxesCurrent $7.25M USD Point-in-time
Taxes, other than income taxes AccrualForTaxesOtherThanIncomeTaxesCurrent $7.03M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $9.61M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $7.58M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $38.19M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $41.72M USD Point-in-time
Current maturities on long-term debt DebtCurrent - USD Point-in-time
Current maturities on long-term debt DebtCurrent $42.51M USD Point-in-time
Total current liabilities LiabilitiesCurrent $209.25M USD Point-in-time
Total current liabilities LiabilitiesCurrent $169.96M USD Point-in-time
Long-term obligations, less current maturities LongTermDebtNoncurrent $241.43M USD Point-in-time
Long-term obligations, less current maturities LongTermDebtNoncurrent $200.77M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $65.19M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $64.70M USD Point-in-time
Total liabilities Liabilities $475.21M USD Point-in-time
Total liabilities Liabilities $476.09M USD Point-in-time
Class A nonvoting common stockIssued 51,261,487 and 51,261,487 shares, respectively, and outstanding 47,040,129 and 47,781,184 shares, respectively ClassANonvotingCommonStockValueIssued $513.00K USD Point-in-time
Class A nonvoting common stockIssued 51,261,487 and 51,261,487 shares, respectively, and outstanding 47,040,129 and 47,781,184 shares, respectively ClassANonvotingCommonStockValueIssued $513.00K USD Point-in-time
Class B voting common stockIssued and outstanding, 3,538,628 shares ClassBVotingCommonStockValueIssued $35.00K USD Point-in-time
Class B voting common stockIssued and outstanding, 3,538,628 shares ClassBVotingCommonStockValueIssued $35.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $313.88M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $314.40M USD Point-in-time
Earnings retained in the business RetainedEarningsAccumulatedDeficit $422.59M USD Point-in-time
Earnings retained in the business RetainedEarningsAccumulatedDeficit $414.07M USD Point-in-time
Treasury stock4,221,358 and 3,480,303 shares, respectively, of Class A nonvoting common stock, at cost TreasuryStockValue $93.23M USD Point-in-time
Treasury stock4,221,358 and 3,480,303 shares, respectively, of Class A nonvoting common stock, at cost TreasuryStockValue $107.42M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $8.56M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $64.16M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-45.03M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-53.43M USD Point-in-time
Other OtherEquity $-3.41M USD Point-in-time
Other OtherEquity $-3.06M USD Point-in-time
Total stockholders investment StockholdersEquity $587.69M USD Point-in-time
Total stockholders investment StockholdersEquity $572.76M USD Point-in-time
Total LiabilitiesAndStockholdersEquity $1.06B USD Point-in-time
Total LiabilitiesAndStockholdersEquity $1.05B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueGoodsNet $283.07M USD 1 Quarter
Net sales SalesRevenueGoodsNet $310.24M USD 1 Quarter
Cost of products sold CostOfGoodsSold $160.08M USD 1 Quarter
Cost of products sold CostOfGoodsSold $143.72M USD 1 Quarter
Gross margin GrossProfit $150.16M USD 1 Quarter
Gross margin GrossProfit $139.35M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $9.63M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $8.57M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $109.28M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $100.68M USD 1 Quarter
Restructuring charges RestructuringCharges $4.28M USD 1 Quarter
Restructuring charges RestructuringCharges - USD 1 Quarter
Total operating expenses OperatingExpenses $123.19M USD 1 Quarter
Total operating expenses OperatingExpenses $109.25M USD 1 Quarter
Operating income OperatingIncomeLoss $30.10M USD 1 Quarter
Operating income OperatingIncomeLoss $26.97M USD 1 Quarter
Investment and other (expense) income OtherNonoperatingIncomeExpense $-759.00K USD 1 Quarter
Investment and other (expense) income OtherNonoperatingIncomeExpense $323.00K USD 1 Quarter
Interest expense InterestExpense $2.15M USD 1 Quarter
Interest expense InterestExpense $2.89M USD 1 Quarter
Earnings from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $24.41M USD 1 Quarter
Earnings from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $27.19M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $8.49M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $8.91M USD 1 Quarter
Earnings from continuing operations IncomeLossFromContinuingOperations $15.50M USD 1 Quarter
Earnings from continuing operations IncomeLossFromContinuingOperations $18.70M USD 1 Quarter
Loss from discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-1.92M USD 1 Quarter
Loss from discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Net earnings NetIncomeLoss $18.70M USD 1 Quarter
Net earnings NetIncomeLoss $13.58M USD 1 Quarter
Weighted average common shares outstanding, basic (in thousands): WeightedAverageNumberOfSharesOutstandingBasic 51.25M shares 1 Quarter
Weighted average common shares outstanding, basic (in thousands): WeightedAverageNumberOfSharesOutstandingBasic 51.03M shares 1 Quarter
Weighted average common shares outstanding, diluted (in thousands): WeightedAverageNumberOfDilutedSharesOutstanding 51.31M shares 1 Quarter
Weighted average common shares outstanding, diluted (in thousands): WeightedAverageNumberOfDilutedSharesOutstanding 51.09M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $13.58M USD 1 Quarter
Net earnings ProfitLoss $18.70M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $10.12M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $8.89M USD 1 Quarter
Non-cash portion of stock-based compensation expense ShareBasedCompensation $1.32M USD 1 Quarter
Non-cash portion of stock-based compensation expense ShareBasedCompensation $2.60M USD 1 Quarter
Non-cash portion of stock-based compensation expense RestructuringCosts $196.00K USD 1 Quarter
Non-cash portion of stock-based compensation expense RestructuringCosts - USD 1 Quarter
Loss on sale of business, net DisposalGroupNotDiscontinuedOperationGainLossOnDisposal $-426.00K USD 1 Quarter
Loss on sale of business, net DisposalGroupNotDiscontinuedOperationGainLossOnDisposal - USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $726.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $2.35M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $3.92M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $3.34M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-1.37M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $7.08M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $3.08M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $3.00M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndOtherLiabilities $2.90M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndOtherLiabilities $2.40M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $1.71M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $2.11M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $30.37M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $18.60M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.33M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $11.45M USD 1 Quarter
Sale of business, net of cash retained ProceedsFromDivestitureOfBusinessesNetOfCashDivested $8.77M USD 1 Quarter
Sale of business, net of cash retained ProceedsFromDivestitureOfBusinessesNetOfCashDivested - USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-592.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-1.54M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-795.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.09M USD 1 Quarter
Payment of dividends PaymentsOfDividends $10.18M USD 1 Quarter
Payment of dividends PaymentsOfDividends $10.19M USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $91.00K USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $16.16M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
(Repayments) proceeds from borrowing on credit facilities ProceedsFromRepaymentsOfDebt $-2.74M USD 1 Quarter
(Repayments) proceeds from borrowing on credit facilities ProceedsFromRepaymentsOfDebt $33.29M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $803.00K USD 1 Quarter
Income tax on equity-based compensation, and other ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-1.01M USD 1 Quarter
Income tax on equity-based compensation, and other ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-1.30M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-30.89M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $21.89M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-3.77M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-2.57M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $34.64M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-3.88M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $81.83M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $116.47M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $114.49M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $110.61M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $81.83M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $116.47M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $114.49M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $110.61M USD Point-in-time
Interest InterestPaidNet $2.14M USD 1 Quarter
Interest InterestPaidNet $3.03M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $7.32M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $4.53M USD 1 Quarter
Comprehensive Income 36 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $18.70M USD 1 Quarter
Net earnings NetIncomeLoss $13.58M USD 1 Quarter
Net loss recognized in other comprehensive loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-6.48M USD 1 Quarter
Net loss recognized in other comprehensive loss OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-24.30M USD 1 Quarter
Reclassification adjustment for gains included in net earnings OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax $34.70M USD 1 Quarter
Reclassification adjustment for gains included in net earnings OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax - USD 1 Quarter
Total foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-6.48M USD 1 Quarter
Total foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-59.00M USD 1 Quarter
Net investment hedge translation adjustments AmountOfIneffectivenessOnNetInvestmentHedges $871.00K USD 1 Quarter
Net investment hedge translation adjustments AmountOfIneffectivenessOnNetInvestmentHedges $8.15M USD 1 Quarter
Long-term intercompany loan translation adjustments: AdjustmentForLongTermIntercompanyTransactionsGrossOfTax $-1.42M USD 1 Quarter
Long-term intercompany loan translation adjustments: AdjustmentForLongTermIntercompanyTransactionsGrossOfTax $-1.35M USD 1 Quarter
Reclassification from OCI Intercompany Loans ReclassificationfromOCIIntercompanyLoans - USD 1 Quarter
Reclassification from OCI Intercompany Loans ReclassificationfromOCIIntercompanyLoans $393.00K USD 1 Quarter
Total intercompany loan translation adjustments Totalintercompanyloantranslationadjustments $-1.74M USD 1 Quarter
Total intercompany loan translation adjustments Totalintercompanyloantranslationadjustments $-1.42M USD 1 Quarter
Net (loss) gain recognized in other comprehensive loss OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-260.00K USD 1 Quarter
Net (loss) gain recognized in other comprehensive loss OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $601.00K USD 1 Quarter
Reclassification adjustment for (gains) losses included in net earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $-21.00K USD 1 Quarter
Reclassification adjustment for (gains) losses included in net earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $457.00K USD 1 Quarter
Total cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-717.00K USD 1 Quarter
Total cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $622.00K USD 1 Quarter
Actuarial gain amortization OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $161.00K USD 1 Quarter
Actuarial gain amortization OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $214.00K USD 1 Quarter
Prior service credit amortization OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-81.00K USD 1 Quarter
Prior service credit amortization OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-622.00K USD 1 Quarter
Total pension and post-retirement benefits OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax $-295.00K USD 1 Quarter
Total pension and post-retirement benefits OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax $-783.00K USD 1 Quarter
Other comprehensive income (loss), before tax OtherComprehensiveIncomeLossBeforeTax $-52.27M USD 1 Quarter
Other comprehensive income (loss), before tax OtherComprehensiveIncomeLossBeforeTax $-8.54M USD 1 Quarter
Income tax benefit (expense) related to items of other comprehensive loss OtherComprehensiveIncomeLossTax $-144.00K USD 1 Quarter
Income tax benefit (expense) related to items of other comprehensive loss OtherComprehensiveIncomeLossTax $3.33M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-8.39M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-55.59M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-42.01M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $10.31M USD 1 Quarter

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

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