10-Q Filing

NVENT ELECTRIC PLC CIK: 1720635 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001720635-18-000016`
Period End Date	20180630
Filing Date	20180726
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	nvt-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 76 Cash Flow Statement 64 Stockholders Equity 22

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Accounts and notes receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.40M	USD	Point-in-time
Accounts and notes receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.40M	USD	Point-in-time
Ordinary shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$91.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.00M	USD	Point-in-time
Ordinary shares authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Accounts and notes receivable, net of allowances of $6.1 and $8.4, respectively	`AccountsAndNotesReceivableNet`	$353.10M	USD	Point-in-time
Ordinary shares issued (in shares)	`CommonStockSharesIssued`	179.00M	shares	Point-in-time
Accounts and notes receivable, net of allowances of $6.1 and $8.4, respectively	`AccountsAndNotesReceivableNet`	$365.00M	USD	Point-in-time
Inventories	`InventoryNet`	$226.70M	USD	Point-in-time
Inventories	`InventoryNet`	$224.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$136.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$132.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$819.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$732.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$261.10M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$265.80M	USD	Point-in-time
Goodwill	`Goodwill`	$2.24B	USD	Point-in-time
Goodwill	`Goodwill`	$2.24B	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.20B	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.24B	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$56.10M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$251.80M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$3.50B	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$3.73B	USD	Point-in-time
Total assets	`Assets`	$4.72B	USD	Point-in-time
Total assets	`Assets`	$4.58B	USD	Point-in-time
Current maturities of long-term debt and short-term borrowings	`LongTermDebtCurrent`	$10.30M	USD	Point-in-time
Current maturities of long-term debt and short-term borrowings	`LongTermDebtCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$174.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$152.70M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$63.80M	USD	Point-in-time
Employee compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$75.50M	USD	Point-in-time
Other current liabilities	`OtherAccruedLiabilitiesCurrent`	$141.30M	USD	Point-in-time
Other current liabilities	`OtherAccruedLiabilitiesCurrent`	$160.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$390.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$387.40M	USD	Point-in-time
Long-term debt	`LongTermDebt`	$983.70M	USD	Point-in-time
Long-term debt	`LongTermDebt`	-	USD	Point-in-time
Pension and other post-retirement compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$176.70M	USD	Point-in-time
Pension and other post-retirement compensation and benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$175.60M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$255.20M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$279.80M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$86.70M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$78.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$933.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.88B	USD	Point-in-time
Ordinary shares $0.01 par value, 400.0 authorized, 179.0 issued at June 30, 2018	`CommonStockValueOutstanding`	$1.80M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.75B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$42.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-96.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-57.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.79B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.82B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.49B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.58B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.72B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.08B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$542.70M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.02B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$513.20M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$303.50M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$323.30M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$653.30M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$607.00M	USD	2 Qtrs
Gross profit	`GrossProfit`	$428.30M	USD	2 Qtrs
Gross profit	`GrossProfit`	$408.40M	USD	2 Qtrs
Gross profit	`GrossProfit`	$219.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$209.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$229.40M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$275.00M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$109.30M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$143.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$11.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$10.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$22.40M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$21.90M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$65.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$157.10M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$89.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$130.90M	USD	2 Qtrs
Net interest expense	`InterestIncomeExpenseNet`	$-9.30M	USD	1 Quarter
Net interest expense	`InterestIncomeExpenseNet`	$-9.90M	USD	2 Qtrs
Net interest expense	`InterestIncomeExpenseNet`	$-100.00K	USD	1 Quarter
Net interest expense	`InterestIncomeExpenseNet`	$-200.00K	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$2.80M	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$6.30M	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$1.40M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$5.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$50.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$88.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$114.70M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$154.10M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$28.10M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.10M	USD	2 Qtrs
Net income	`ProfitLoss`	$70.70M	USD	1 Quarter
Net income	`ProfitLoss`	$43.30M	USD	1 Quarter
Net income	`ProfitLoss`	$95.60M	USD	2 Qtrs
Net income	`ProfitLoss`	$126.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$70.70M	USD	1 Quarter
Net income	`ProfitLoss`	$43.30M	USD	1 Quarter
Net income	`ProfitLoss`	$95.60M	USD	2 Qtrs
Net income	`ProfitLoss`	$126.00M	USD	2 Qtrs
Changes in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-39.80M	USD	1 Quarter
Changes in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-37.50M	USD	2 Qtrs
Changes in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$27.90M	USD	2 Qtrs
Changes in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$19.30M	USD	1 Quarter
Changes in market value of derivative financial instruments, net of tax	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$500.00K	USD	2 Qtrs
Changes in market value of derivative financial instruments, net of tax	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-1.00M	USD	1 Quarter
Changes in market value of derivative financial instruments, net of tax	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-1.70M	USD	2 Qtrs
Changes in market value of derivative financial instruments, net of tax	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-200.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.50M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$56.40M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$154.40M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$89.80M	USD	1 Quarter
Basic pro forma earnings per ordinary share (in dollars per share)	`BasicEarningsPerShareProForma`	$0.24	USD	1 Quarter
Basic pro forma earnings per ordinary share (in dollars per share)	`BasicEarningsPerShareProForma`	$0.70	USD	2 Qtrs
Basic pro forma earnings per ordinary share (in dollars per share)	`BasicEarningsPerShareProForma`	$0.53	USD	2 Qtrs
Basic pro forma earnings per ordinary share (in dollars per share)	`BasicEarningsPerShareProForma`	$0.39	USD	1 Quarter
Diluted pro forma earnings per ordinary share (in dollars per share)	`DilutedEarningsPerShareProForma`	$0.53	USD	2 Qtrs
Diluted pro forma earnings per ordinary share (in dollars per share)	`DilutedEarningsPerShareProForma`	$0.24	USD	1 Quarter
Diluted pro forma earnings per ordinary share (in dollars per share)	`DilutedEarningsPerShareProForma`	$0.39	USD	1 Quarter
Diluted pro forma earnings per ordinary share (in dollars per share)	`DilutedEarningsPerShareProForma`	$0.70	USD	2 Qtrs
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	178.70M	shares	2 Qtrs
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	178.50M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	179.00M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	179.00M	shares	2 Qtrs
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	181.20M	shares	2 Qtrs
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	180.80M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	181.20M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	181.00M	shares	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$70.70M	USD	1 Quarter
Net income	`ProfitLoss`	$43.30M	USD	1 Quarter
Net income	`ProfitLoss`	$95.60M	USD	2 Qtrs
Net income	`ProfitLoss`	$126.00M	USD	2 Qtrs
Depreciation	`Depreciation`	$18.30M	USD	2 Qtrs
Depreciation	`Depreciation`	$17.90M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$30.60M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$15.30M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$30.60M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$15.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-8.70M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-18.30M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$5.40M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$8.80M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$3.00M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$2.60M	USD	1 Quarter
Accounts and notes receivable	`IncreaseDecreaseInAccountsReceivable`	$20.50M	USD	2 Qtrs
Accounts and notes receivable	`IncreaseDecreaseInAccountsReceivable`	$22.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.70M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$17.80M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$34.70M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-18.40M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.50M	USD	2 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$-5.70M	USD	2 Qtrs
Employee compensation and benefits	`IncreaseDecreaseInOtherEmployeeRelatedLiabilities`	$-5.10M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$24.10M	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$14.30M	USD	2 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$13.00M	USD	2 Qtrs
Other non-current assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-20.80M	USD	2 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$125.10M	USD	2 Qtrs
Net cash provided by (used for) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$81.60M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.90M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.70M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.30M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.90M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$13.50M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.00M	USD	2 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.50M	USD	2 Qtrs
Net cash provided by (used for) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.40M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.00B	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$9.90M	USD	2 Qtrs
Cash provided at separation to Parent	`CashDivestedFromDeconsolidation`	-	USD	2 Qtrs
Cash provided at separation to Parent	`CashDivestedFromDeconsolidation`	$993.60M	USD	2 Qtrs
Net transfers to Parent prior to separation	`TransfersToParentNet`	$74.90M	USD	2 Qtrs
Net transfers to Parent prior to separation	`TransfersToParentNet`	-	USD	2 Qtrs
Shares issued to employees, net of shares withheld	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$5.00M	USD	2 Qtrs
Shares issued to employees, net of shares withheld	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	2 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.50M	USD	2 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-74.90M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-9.10M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-7.20M	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.50M	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$64.60M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$91.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.90M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$91.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.90M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.00M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.79B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.82B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.49B	USD	Point-in-time
Net income	`ProfitLoss`	$70.70M	USD	1 Quarter
Net income	`ProfitLoss`	$43.30M	USD	1 Quarter
Net income	`ProfitLoss`	$95.60M	USD	2 Qtrs
Net income	`ProfitLoss`	$126.00M	USD	2 Qtrs
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$28.40M	USD	2 Qtrs
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-39.20M	USD	2 Qtrs
Net transfers from Parent	`StockholdersEquityNoteSpinoffTransactionNetTransfersFromParent`	$5.70M	USD	2 Qtrs
Net transfers from Parent	`StockholdersEquityNoteSpinoffTransactionNetTransfersFromParent`	$178.10M	USD	2 Qtrs
Cash provided at separation to Parent Company	`StockholdersEquityNoteSpinoffTransactionCashProvidedAtSeparationToParentCompany`	$993.60M	USD	2 Qtrs
Reclassification of Net Parent investment to additional paid-in capital	`AdjustmentstoAdditionalPaidinCapitalSpinoffTransaction`	-	USD	2 Qtrs
Issuance of common stock upon separation	`StockIssuedDuringPeriodValueNewIssues`	$1.80M	USD	2 Qtrs
Exercise of options, net of shares tendered for payment	`StockIssuedDuringPeriodValueStockOptionsExercised`	$5.50M	USD	2 Qtrs
Shares surrendered by employees to pay taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$500.00K	USD	2 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.50M	USD	2 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.70B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.79B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.82B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.49B	USD	Point-in-time

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