XML 65 R49.htm IDEA: XBRL DOCUMENT v3.22.2.2
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
$ / shares in Units, $ in Thousands, $ in Thousands
1 Months Ended 3 Months Ended 8 Months Ended 12 Months Ended 35 Months Ended
Jun. 27, 2022
USD ($)
Jan. 24, 2022
USD ($)
Aug. 21, 2020
USD ($)
shares
Aug. 21, 2020
USD ($)
shares
Aug. 18, 2020
USD ($)
shares
Aug. 31, 2020
USD ($)
shares
Sep. 30, 2022
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2022
USD ($)
segment
$ / shares
Sep. 30, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
Sep. 30, 2020
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2022
AUD ($)
Sep. 30, 2021
AUD ($)
Sep. 30, 2021
CAD ($)
Jan. 30, 2020
USD ($)
Jan. 29, 2020
USD ($)
Oct. 01, 2019
USD ($)
Sep. 30, 2019
USD ($)
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Proceeds from sale of business                 $ 295,712,000 $ 0   $ 0                
Sale of stock, number of shares issued (in shares) | shares     700,000 8,700,000 8,000,000 8,700,000                            
Net process from sale of stock     $ 14,335,000 $ 178,165,000 $ 163,830,000 $ 178,165,000                            
Payments for restructuring                 $ 11,983,000 14,926,000   8,132,000                
Number of reportable segments | segment                 2                      
Cash in non U.S. bank accounts             $ 54,200,000 $ 54,200,000 $ 54,200,000 65,000,000     $ 54,200,000              
Fair value of insurance contracts             3,447,000 3,447,000 3,447,000       3,447,000              
Accumulated other comprehensive income (loss), foreign currency translation adjustment, net of tax             (37,920,000) (37,920,000) (37,920,000) 6,433,000     (37,920,000)              
Defined benefit plan, fair value of plan assets             144,091,000 144,091,000 144,091,000 160,523,000     144,091,000              
Change in retained earnings             477,570,000 477,570,000 477,570,000 807,158,000   700,151,000 477,570,000             $ 477,763,000
Customer program reserves and cash discounts netted against accounts receivable             69,656,000 69,656,000 69,656,000 49,833,000     69,656,000              
Depreciation, depletion and amortization, nonproduction                 46,443,000 42,741,000   42,614,000                
Accumulated capitalized interest costs             1,739,000 1,739,000 1,739,000 1,592,000   2,098,000 1,739,000              
Original cost of fully depreciated property plant and equipment             274,783,000 274,783,000 $ 274,783,000       274,783,000              
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]                 Goodwill and intangible asset impairments                      
Goodwill, impairment loss                 $ 342,027,000                      
Operating right-of-use assets             183,398,000 183,398,000 183,398,000 144,598,000     183,398,000              
Lease liabilities             191,094,000 191,094,000 191,094,000 149,196,000     191,094,000              
Research and development arrangement, contract to perform for others, costs incurred, gross                 16,000,000 7,000,000   8,000,000                
Shipping and handling cost                 130,830,000 113,700,000   100,135,000                
Selling, general and administrative expenses                 608,926,000 470,530,000   444,454,000                
Non-service cost components of net periodic benefit cost (credit)                 (4,256,000) (907,000)   (1,559,000)                
Consumer and Professional Products                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Goodwill, impairment loss                 342,027,000                      
Impairment of indefinite-lived intangible assets                 175,000,000                      
Pension Plan                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Defined benefit plan, fair value of plan assets             144,091,000 144,091,000 144,091,000 160,523,000   147,145,000 144,091,000              
Discontinued Operations, Disposed of by Sale | Telephonics Corporation                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Proceeds from sale of business $ 330,000,000                                      
Next-generation Business Platform | Consumer and Professional Products                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Restructuring charges                         51,869,000              
Payments for restructuring                 11,951,000 14,763,000   8,977,000                
Noncash asset related charges                         16,178,000              
One Time Charges | Next-generation Business Platform | Consumer and Professional Products                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Restructuring charges                 51,869,000                      
Capital Investments | Next-generation Business Platform | Consumer and Professional Products                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Payments to acquire productive assets                 15,000,000                      
Employee Severance and Facility Closing | Next-generation Business Platform | Consumer and Professional Products                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Payments for restructuring                         35,691,000              
Personnel Related Costs                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Payments for restructuring                 4,156,000 3,353,000   5,039,000                
Personnel Related Costs | Next-generation Business Platform | Consumer and Professional Products                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Payments for restructuring                         12,934,000              
Facilities, Exit Costs and Other                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Payments for restructuring                 7,827,000 11,573,000   3,093,000                
Facilities, Exit Costs and Other | Next-generation Business Platform | Consumer and Professional Products                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Payments for restructuring                         22,757,000              
Hunter Fan Company                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Business combination, consideration transferred   $ 845,000,000                                    
Selling, General and Administrative Expenses                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Depreciation                 $ 16,683,000 14,362,000   13,944,000                
Home Depot                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Percentage of consolidated accounts receivable                 17.00%                      
Fair Value, Inputs, Level 2 | Estimate of Fair Value Measurement                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Trading securities             62,000 62,000 $ 62,000 16,044,000     62,000              
Fair Value, Inputs, Level 2 | Portion at other than Fair Value Measurement                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Trading securities             83,000 83,000 83,000 $ 15,050,000     83,000              
Senior Notes due 2028                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Debt instrument, face amount                     $ 1,000,000,000                  
Stated percentage                     5.75%                  
Senior Notes due 2028 | Fair Value, Inputs, Level 1                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Long-term debt, fair value             833,433,000 $ 833,433,000 $ 833,433,000       833,433,000              
Senior notes due 2022                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Stated percentage                     5.25%                  
Extinguishment of debt, amount                     $ 1,000,000,000                  
Term Loan | Term Loan B due 2029                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Debt instrument, face amount   $ 800,000,000                                    
Debt instrument, term   7 years           7 years                        
Extinguishment of debt, amount             300,000,000                          
Minimum                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Finite-lived intangible asset, useful life                 8 years                      
Minimum | Building and Building Improvements                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Property, plant and equipment, useful life                 25 years                      
Minimum | Machinery and equipment                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Property, plant and equipment, useful life                 2 years                      
Maximum                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Maturity period of highly liquid investments                 3 months                      
Finite-lived intangible asset, useful life                 25 years                      
Maximum | Building and Building Improvements                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Property, plant and equipment, useful life                 40 years                      
Maximum | Machinery and equipment                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Property, plant and equipment, useful life                 15 years                      
Australian Dollar Contracts | Designated as hedging instrument                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Derivative, notional amount                           $ 25,000 $ 20,000          
Contracts weighted average rate price (in dollars per share) | $ / shares                 $ 1.42 $ 1.27                    
Accumulated other comprehensive income (loss), foreign currency translation adjustment, before tax             2,017,000 $ 2,017,000 $ 2,017,000 $ 1,710,000     2,017,000              
Accumulated other comprehensive income (loss), foreign currency translation adjustment, net of tax             1,412,000 1,412,000 1,412,000 1,197,000     1,412,000              
Gain (loss) on hedging activity                 $ 5,477,000 $ (2,204,000)                    
Australian Dollar Contracts | Minimum | Designated as hedging instrument                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Term of contract                 30 days                      
Australian Dollar Contracts | Maximum | Designated as hedging instrument                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Term of contract                 90 days                      
Chinese Yuan Contracts | Designated as hedging instrument                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Derivative, notional amount                           $ 74,250            
Contracts weighted average rate price (in dollars per share) | $ / shares                 $ 6.79                      
Accumulated other comprehensive income (loss), foreign currency translation adjustment, before tax             (3,179,000) (3,179,000) $ (3,179,000)       (3,179,000)              
Accumulated other comprehensive income (loss), foreign currency translation adjustment, net of tax             (2,320,000) (2,320,000) (2,320,000)       (2,320,000)              
Gain (loss) on hedging activity                 $ (736,000)                      
Chinese Yuan Contracts | Minimum | Designated as hedging instrument                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Term of contract                 11 days                      
Chinese Yuan Contracts | Maximum | Designated as hedging instrument                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Term of contract                 396 days                      
Canadian Dollar Contract | Not Designated as Hedging Instrument                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Derivative, notional amount             6,300,000 6,300,000 $ 6,300,000       6,300,000     $ 4,600        
Contracts weighted average rate price (in dollars per share) | $ / shares                 $ 1.28 $ 1.26                    
Fair value gain (loss) on foreign currency contract not qualify for hedge accounting                 $ 427,000 $ 38,000                    
Canadian Dollar Contract | Fair Value, Inputs, Level 2 | Not Designated as Hedging Instrument | Other Income                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Gain (loss) on sale of derivatives                 $ 247,000 (381,000)                    
Canadian Dollar Contract | Minimum | Not Designated as Hedging Instrument                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Term of contract                 3 days                      
Canadian Dollar Contract | Maximum | Not Designated as Hedging Instrument                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Term of contract                 390 days                      
Foreign currency translation adjustments                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Change in retained earnings             $ (57,170,000) $ (57,170,000) $ (57,170,000) (19,250,000)     $ (57,170,000)              
Shipping and Handling                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Selling, general and administrative expenses                 69,000,000 58,100,000   54,500,000                
Advertising                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Selling, general and administrative expenses                 $ 22,000,000 $ 19,000,000   $ 18,000,000                
Cumulative Effect, Period of Adoption, Adjustment                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Operating right-of-use assets                                     $ 163,552,000  
Lease liabilities                                     $ 163,676,000  
Revolver due 2025                                        
Description Of Business And Summary Of Significant Accounting Policies [Line Items]                                        
Maximum borrowing capacity   $ 400,000,000                             $ 400,000,000 $ 350,000,000