Applied Industrial Technologies, Inc
(NYSE:AIT)

Applied Industrial Technologies, Inc. distributes industrial products in North America, Australia, New Zealand, and Singapore. The company offers its products for maintenance, repair, and operational, as well as original equipment manufacturing customers. It operates in two segments, Service Center ...

Website: http://www.applied.com

Founded: 1923

Full Time Employees: 6,141

Sector: Industrials

Industry: Industrial Distribution

Industrials

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30

net sales	1,251,453,000	1,163,023,000	1,199,523,000	1,224,730,000	1,166,749,000	1,073,001,000	1,098,944,000	1,160,675,000	1,146,390,000	1,077,153,000	1,095,188,000	1,158,074,000	1,132,035,000	1,060,280,000	1,062,405,000	1,061,459,000	980,662,000	876,874,000	891,681,000	895,888,000	840,937,000	751,287,000	747,807,000	725,076,000	830,797,000	833,375,000	856,404,000	882,743,000	885,443,000	840,038,000	864,515,000	897,721,000	827,665,000	667,187,000	680,701,000	681,471,000	679,304,000	608,123,000	624,848,000			610,346,000	641,904,000	677,540,000	679,994,000	691,702,000	702,325,000	654,618,000	618,006,000	581,949,000	605,305,000	640,481,000	621,654,000	589,517,000	610,519,000	620,013,000	605,461,000	570,397,000	579,574,000	589,861,000	565,970,000	529,517,000	527,501,000	523,071,000	486,141,000	446,253,000	437,743,000	451,647,000	502,412,000	543,906,000	529,745,000	530,156,000	511,008,000	518,547,000	528,025,000	521,129,000	472,365,000	492,590,000
yoy	7.26%	8.39%	9.15%	5.52%	1.78%	-0.39%	0.34%	0.22%	1.27%	1.59%	3.09%	9.10%	15.44%	20.92%	19.15%	18.48%	16.62%	16.72%	19.24%	23.56%	1.22%	-9.85%	-12.68%	-17.86%	-6.17%	-0.79%	-0.94%	-1.67%	6.98%	25.91%	27.00%	31.73%	21.84%	9.71%	8.94%			-0.36%	-2.66%			-11.76%	-8.60%	3.50%	10.03%	18.86%	16.03%	2.21%	-0.59%	-1.28%	-0.85%	3.30%	2.67%	3.35%	5.34%	5.11%	6.98%	7.72%	9.87%	12.77%	16.42%	18.66%	20.50%	15.81%	-3.24%	-17.95%	-17.37%	-14.81%	-1.68%	4.89%	0.33%	1.73%	8.18%	5.27%
qoq	7.60%	-3.04%	-2.06%	4.97%	8.74%	-2.36%	-5.32%	1.25%	6.43%	-1.65%	-5.43%	2.30%	6.77%	-0.20%	0.09%	8.24%	11.84%	-1.66%	-0.47%	6.53%	11.93%	0.47%	3.13%	-12.73%	-0.31%	-2.69%	-2.98%	-0.30%	5.41%	-2.83%	-3.70%	8.46%	24.05%	-1.99%	-0.11%	0.32%	11.71%	-2.68%				-4.92%	-5.26%	-0.36%	-1.69%	-1.51%	7.29%	5.92%	6.20%	-3.86%	-5.49%	3.03%	5.45%	-3.44%	-1.53%	2.40%	6.15%	-1.58%	-1.74%	4.22%	6.88%	0.38%	0.85%	7.60%	8.94%	1.94%	-3.08%	-10.10%	-7.63%	2.67%	-0.08%	3.75%	-1.45%	-1.79%	1.32%	10.32%	-4.11%
cost of sales	870,649,000	809,689,000	838,094,000	849,993,000	811,459,000	744,951,000	773,862,000	804,440,000	808,144,000	760,063,000	770,106,000	819,515,000	798,917,000	751,775,000	755,622,000	754,832,000	693,338,000	619,249,000	636,341,000	632,904,000	593,712,000	541,753,000	532,026,000	516,786,000	594,045,000	592,141,000	604,944,000	625,392,000	629,884,000	597,178,000	612,662,000	634,034,000	588,141,000	478,827,000	488,277,000	485,364,000	488,502,000	435,667,000	446,518,000	1,353,627,000	458,379,000	437,179,000	460,892,000	485,734,000	492,631,000	495,989,000	507,393,000	472,090,000	446,786,000	418,566,000	435,510,000	459,371,000	447,254,000	426,598,000	445,986,000	447,327,000	437,848,000	414,928,000	420,870,000	420,718,000	409,404,000	385,236,000	384,381,000	370,054,000	355,785,000	329,348,000	322,299,000	329,401,000	366,943,000	397,848,000	386,509,000	385,656,000	371,517,000	376,491,000	385,830,000	380,557,000	342,214,000	357,456,000
gross profit	380,804,000	353,334,000	361,429,000	374,737,000	355,290,000	328,050,000	325,082,000	356,235,000	338,246,000	317,090,000	325,082,000	338,559,000	333,118,000	308,505,000	306,783,000	306,627,000	287,324,000	257,625,000	255,340,000	262,984,000	247,225,000	209,534,000	215,781,000	208,290,000	236,752,000	241,234,000	251,460,000	257,351,000	255,559,000	242,860,000	251,853,000	263,687,000	239,524,000	188,360,000	192,424,000	196,107,000	190,802,000	172,456,000	178,330,000	532,629,000	174,793,000	173,167,000	181,012,000	191,806,000	187,363,000	195,713,000	194,932,000	182,528,000	171,220,000	163,383,000	169,795,000	181,110,000	174,400,000	162,919,000	164,533,000	172,686,000	167,613,000	155,469,000	158,704,000
yoy	7.18%	7.71%	11.18%	5.19%	5.04%	3.46%	0.00%	5.22%	1.54%	2.78%	5.96%	10.41%	15.94%	19.75%	20.15%	16.60%	16.22%	22.95%	18.33%	26.26%	4.42%	-13.14%	-14.19%	-19.06%	-7.36%	-0.67%	-0.16%	-2.40%	6.69%	28.93%	30.88%	34.46%	25.54%	9.22%	7.90%	-63.18%	9.16%	-0.41%	-1.48%	177.69%	-6.71%	-11.52%	-7.14%	5.08%	9.43%	19.79%	14.80%	0.78%	-1.82%	0.28%	3.20%	4.88%	4.05%	4.79%	3.67%
qoq	7.77%	-2.24%	-3.55%	5.47%	8.30%	0.91%	-8.75%	5.32%	6.67%	-2.46%	-3.98%	1.63%	7.98%	0.56%	0.05%	6.72%	11.53%	0.89%	-2.91%	6.37%	17.99%	-2.90%	3.60%	-12.02%	-1.86%	-4.07%	-2.29%	0.70%	5.23%	-3.57%	-4.49%	10.09%	27.16%	-2.11%	-1.88%	2.78%	10.64%	-3.29%	-66.52%	204.72%	0.94%	-4.33%	-5.63%	2.37%	-4.27%	0.40%	6.80%	6.60%	4.80%	-3.78%	-6.25%	3.85%	7.05%	-0.98%	-4.72%	3.03%	7.81%	-2.04%
gross margin %	30.43%	30.38%	30.13%	30.60%	30.45%	30.57%	29.58%	30.69%	29.51%	29.44%	29.68%	29.23%	29.43%	29.10%	28.88%	28.89%	29.30%	29.38%	28.64%	29.35%	29.40%	27.89%	28.86%	28.73%	28.50%	28.95%	29.36%	29.15%	28.86%	28.91%	29.13%	29.37%	28.94%	28.23%	28.27%	28.78%	28.09%	28.36%	28.54%	Infinity%	Infinity%	28.37%	28.20%	28.31%	27.55%	28.29%	27.76%	27.88%	27.71%	28.08%	28.05%	28.28%	28.05%	27.64%	26.95%	27.85%	27.68%	27.26%	27.38%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
selling, distribution and administrative expense, including depreciation	242,879,000	230,125,000	232,399,000	161,244,500	225,888,000	207,180,000	211,910,000	216,892,000	217,040,000	202,496,000	204,402,000	211,744,000	206,207,000	195,612,000	200,251,000	197,403,000	191,481,000	179,448,000	180,726,000	181,883,000	172,758,000	162,428,000	163,473,000	161,262,000	183,702,000	182,489,000	190,294,000	139,216,250	189,456,000	181,895,000	185,514,000
operating income	137,925,000	123,209,000	129,030,000	135,085,000	129,402,000	120,870,000	113,172,000	139,343,000	121,206,000	114,594,000	120,680,000	126,815,000	126,911,000	112,893,000	106,532,000	109,224,000	95,843,000	78,177,000	74,614,000	81,101,000	74,467,000	-2,422,000	52,308,000	47,028,000	-77,950,000	58,745,000	61,166,000	71,975,000	34,509,000	60,965,000	66,339,000	70,831,000	56,444,000	46,715,000	51,837,000	48,249,000	45,467,000	37,656,000	43,218,000			38,362,000	41,026,000	47,875,000	43,772,000	46,807,000	46,165,000	44,809,000	40,173,000	39,837,000	39,539,000	48,035,000	43,477,000	40,569,000	44,318,000	49,774,000	42,019,000	33,335,000	43,267,000	44,615,000	38,201,000	33,056,000	34,891,000	46,469,000	27,037,000	18,903,000	17,641,000	21,019,000	28,807,000	37,375,000	38,655,000	37,685,000	37,268,000	39,216,000	38,600,000	34,105,000	28,929,000	33,377,000
yoy	6.59%	1.94%	14.01%	-3.06%	6.76%	5.48%	-6.22%	9.88%	-4.50%	1.51%	13.28%	16.11%	32.42%	44.41%	42.78%	34.68%	28.71%	-3327.79%	42.64%	72.45%	-195.53%	-104.12%	-14.48%	-34.66%	-325.88%	-3.64%	-7.80%	1.62%	-38.86%	30.50%	27.98%	46.80%	24.14%	24.06%	19.94%			-1.84%	5.34%			-18.04%	-11.13%	6.84%	8.96%	17.50%	16.76%	-6.72%	-7.60%	-1.80%	-10.78%	-3.49%	3.47%	21.70%	2.43%	11.56%	9.99%	0.84%	24.01%	-3.99%	41.29%	74.87%	97.78%	121.08%	-6.14%	-49.42%	-54.36%	-44.22%	-22.70%	-4.69%	0.14%	10.50%	28.83%	17.49%
qoq	11.94%	-4.51%	-4.48%	4.39%	7.06%	6.80%	-18.78%	14.96%	5.77%	-5.04%	-4.84%	-0.08%	12.42%	5.97%	-2.46%	13.96%	22.60%	4.78%	-8.00%	8.91%	-3174.61%	-104.63%	11.23%	-160.33%	-232.69%	-3.96%	-15.02%	108.57%	-43.40%	-8.10%	-6.34%	25.49%	20.83%	-9.88%	7.44%	6.12%	20.74%	-12.87%				-6.49%	-14.31%	9.37%	-6.48%	1.39%	3.03%	11.54%	0.84%	0.75%	-17.69%	10.48%	7.17%	-8.46%	-10.96%	18.46%	26.05%	-22.96%	-3.02%	16.79%	15.56%	-5.26%	-24.92%	71.87%	43.03%	7.15%	-16.07%	-27.04%	-22.92%	-3.31%	2.57%	1.12%	-4.97%	1.60%	13.18%	17.89%	-13.33%
operating margin %	11.02%	10.59%	10.76%	11.03%	11.09%	11.26%	10.30%	12.01%	10.57%	10.64%	11.02%	10.95%	11.21%	10.65%	10.03%	10.29%	9.77%	8.92%	8.37%	9.05%	8.86%	-0.32%	6.99%	6.49%	-9.38%	7.05%	7.14%	8.15%	3.90%	7.26%	7.67%	7.89%	6.82%	7.00%	7.62%	7.08%	6.69%	6.19%	6.92%	NaN%	NaN%	6.29%	6.39%	7.07%	6.44%	6.77%	6.57%	6.85%	6.50%	6.85%	6.53%	7.50%	6.99%	6.88%	7.26%	8.03%	6.94%	5.84%	7.47%	7.56%	6.75%	6.24%	6.61%	8.88%	5.56%	4.24%	4.03%	4.65%	5.73%	6.87%	7.30%	7.11%	7.29%	7.56%	7.31%	6.54%	6.12%	6.78%
interest expense	2,447,000	942,000	993,000	18,924,000	853,000	-936,000	-627,000	17,042,000	265,000	1,917,000	1,320,000	7,352,000	4,773,000	6,185,000	6,480,000	6,536,000	5,852,000	7,007,000	7,390,000	7,888,000	7,608,000	7,658,000	7,653,000	8,817,000	8,805,000	9,583,000	10,059,000	10,787,000	9,947,000	9,578,000	10,476,000	11,621,000	8,216,000	2,139,000	2,166,000	2,420,000	2,165,000	2,100,000	2,146,000	6,645,000	2,359,000	2,158,000	2,187,000	2,383,000	2,121,000	1,955,000	1,662,000	1,002,000	-11,000	-152,000	61,000	474,000	107,000	15,000	25,000	346,000	54,000	10,000	47,000	447,000	52,000	458,000	1,124,000	1,817,000	1,374,000	1,333,000	1,214,000	1,183,000	1,302,000	685,000	4,423,000	241,000	1,000	274,000	3,792,000	749,000	610,000	647,000
other expense	350,000			-1,281,000	1,267,000		-2,281,000	-921,000	-1,724,000	-2,924,000	431,000	77,000	-142,000	758,000	1,008,000	2,517,000	469,000	-869,000				88,000				-215,000				946,000		-505,500	-1,291,000			-164,000	-47,000	-211,000	-398,000			55,000	1,004,000	1,142,000	-887,000	380,000	244,000	-437,250	-388,000		-1,091,000	-478,250	-1,027,000	-427,000	-459,000	755,000	-1,887,000	778,000									-303,000	83,000
income before income taxes	135,128,000	122,772,000	128,585,000	135,044,000	127,282,000	122,561,000	116,080,000	140,935,000	122,665,000	115,601,000	118,929,000	122,537,000	122,280,000	105,950,000	99,044,000	100,693,000	89,522,000	72,039,000	67,536,000	73,882,000	68,516,000	-10,168,000	44,832,000	40,079,000	-85,327,000	49,377,000	51,107,000	62,120,000	25,818,000	50,441,000	56,102,000	60,221,000	49,519,000	44,596,000	50,382,000	46,380,000	43,349,000	35,767,000	41,470,000			36,149,000	37,835,000	44,602,000	42,538,000	44,472,000	44,259,000	44,862,000	40,572,000	40,259,000	40,569,000	47,535,000	44,397,000	40,981,000	44,752,000	49,139,000	43,852,000	32,547,000	41,288,000	44,965,000	40,794,000	33,019,000	34,110,000	44,715,000	26,060,000	17,512,000	16,730,000	19,753,000	25,280,000	35,875,000	38,615,000	37,282,000	37,106,000	38,712,000	38,328,000	33,664,000	29,039,000	32,799,000
income tax expense	35,359,000	27,423,000	27,778,000	27,208,000	27,483,000	29,271,000	24,017,000	37,444,000	25,448,000	24,373,000	25,103,000	30,322,000	25,093,000	25,493,000	22,164,000	21,580,000	21,216,000	15,013,000	14,567,000	14,638,000	12,453,000	-4,834,000	10,048,000	10,090,000	-2,550,000	11,346,000	12,308,000	22,317,000	9,283,000	11,724,000	7,164,000	19,859,000	12,927,000	13,646,000	16,661,000	-6,580,000	13,855,000	11,682,000	14,099,000	40,129,000	9,272,000	12,202,000	13,544,000	16,557,000	13,928,000	14,765,000	15,137,000	15,188,000	10,178,000	14,350,000	13,725,000	15,263,000	15,095,000	13,938,000	15,220,000	17,095,000	14,434,000	11,612,000	14,906,000	16,690,000	14,258,000	11,826,000	13,355,000	17,011,000	9,535,000	7,025,000	5,543,000	8,193,000	9,086,000	13,339,000				14,255,000
net income	99,769,000	95,349,000	100,807,000	107,836,000	99,799,000	93,290,000	92,063,000	103,491,000	97,217,000	91,228,000	93,826,000	92,215,000	97,187,000	80,457,000	76,880,000	79,113,000	68,306,000	57,026,000	52,969,000	59,244,000	56,063,000	-5,334,000	34,784,000	29,989,000	-82,777,000	38,031,000	38,799,000	39,803,000	16,535,000	38,717,000	48,938,000	40,362,000	36,592,000	30,950,000	33,721,000	52,960,000	29,494,000	24,085,000	27,371,000			23,947,000	24,291,000	28,045,000	28,610,000	29,707,000	29,122,000	29,674,000	30,394,000	25,909,000	26,844,000	32,272,000	29,302,000	27,043,000	29,532,000	32,044,000	29,418,000	20,935,000	26,382,000	28,275,000	26,536,000	21,193,000	20,755,000	27,704,000	16,525,000	10,487,000	11,187,000	11,560,000	16,194,000	22,536,000	24,437,000	23,595,000	22,967,000	24,457,000	24,640,000	21,697,000	18,568,000	21,117,000
yoy	-0.03%	2.21%	9.50%	4.20%	2.66%	2.26%	-1.88%	12.23%	0.03%	13.39%	22.04%	16.56%	42.28%	41.09%	45.14%	33.54%	21.84%	-1169.10%	52.28%	97.55%	-167.73%	-114.03%	-10.35%	-24.66%	-600.62%	-1.77%	-20.72%	-1.38%	-54.81%	25.10%	45.13%	-23.79%	24.07%	28.50%	23.20%			0.58%	12.68%			-19.39%	-16.59%	-5.49%	-5.87%	14.66%	8.49%	-8.05%	3.73%	-4.19%	-9.10%	0.71%	-0.39%	29.18%	11.94%	13.33%	10.86%	-1.22%	27.11%	2.06%	60.58%	102.09%	85.53%	139.65%	2.04%	-53.47%	-54.22%	-51.01%	-29.49%	-7.85%	-0.82%	8.75%	23.69%	15.82%
qoq	4.64%	-5.41%	-6.52%	8.05%	6.98%	1.33%	-11.04%	6.45%	6.56%	-2.77%	1.75%	-5.12%	20.79%	4.65%	-2.82%	15.82%	19.78%	7.66%	-10.59%	5.67%	-1151.05%	-115.33%	15.99%	-136.23%	-317.66%	-1.98%	-2.52%	140.72%	-57.29%	-20.89%	21.25%	10.30%	18.23%	-8.22%	-36.33%	79.56%	22.46%	-12.01%				-1.42%	-13.39%	-1.97%	-3.69%	2.01%	-1.86%	-2.37%	17.31%	-3.48%	-16.82%	10.14%	8.35%	-8.43%	-7.84%	8.93%	40.52%	-20.65%	-6.69%	6.55%	25.21%	2.11%	-25.08%	67.65%	57.58%	-6.26%	-3.23%	-28.62%	-28.14%	-7.78%	3.57%	2.73%	-6.09%	-0.74%	13.56%	16.85%	-12.07%
net income margin %	7.97%	8.20%	8.40%	8.80%	8.55%	8.69%	8.38%	8.92%	8.48%	8.47%	8.57%	7.96%	8.59%	7.59%	7.24%	7.45%	6.97%	6.50%	5.94%	6.61%	6.67%	-0.71%	4.65%	4.14%	-9.96%	4.56%	4.53%	4.51%	1.87%	4.61%	5.66%	4.50%	4.42%	4.64%	4.95%	7.77%	4.34%	3.96%	4.38%	NaN%	NaN%	3.92%	3.78%	4.14%	4.21%	4.29%	4.15%	4.53%	4.92%	4.45%	4.43%	5.04%	4.71%	4.59%	4.84%	5.17%	4.86%	3.67%	4.55%	4.79%	4.69%	4.00%	3.93%	5.30%	3.40%	2.35%	2.56%	2.56%	3.22%	4.14%	4.61%	4.45%	4.49%	4.72%	4.67%	4.16%	3.93%	4.29%
net income per share	2.68	2.54	2.67	2.83	2.6	2.43	2.4	2.69	2.51	2.35	2.42	2.38	2.52	2.09	2	2.06	1.78	1.48	1.38	1.52	1.44	-0.14	0.9	0.77	-2.14	0.98	1	1.03	0.43	1	1.26	1.04	0.95	0.8	0.87	1.35	0.76	0.62	0.7			0.61	0.61	0.7	0.7	0.72	0.7	0.71	0.73	0.62	0.64	0.77	0.7	0.64	0.7	0.76	0.7	0.5	0.62	0.67	0.63	0.5	0.49	0.66	0.39	0.25	0.26	0.27	0.38	0.53	0.58	0.55	0.53	0.57	0.57	0.5	0.43	0.48
weighted-average common shares outstanding for basic computation	37,223	37,595	37,757		38,322	38,427	38,398		38,675	38,744	38,700		38,617	38,579	38,526		38,453	38,456	38,502		38,835	38,781	38,722		38,682	38,649	38,611		38,643	38,743	38,714		38,674	38,716	38,932		38,999	38,985	39,044		39,107	39,262	39,613		40,800	41,228	41,467		41,880	42,076	42,157		42,098	42,052	41,966		42,109	41,965	42,397		42,446	42,411	42,370		42,321	42,298	42,277	42,244	42,316	42,316		42,558	43,143	43,182		43,616	43,684	43,937
dilutive effect of potential common shares	461	460	514	134.25	525	536	546	146	577	558	610	157.25	651	629	585	158	645	666	582	120.5	577		366			398	350	130.25	396	504	650	124.25	612	490	404	93.75	463	386	338			223	229	77.25	267	305	362	99.75	362	386	480	119.75	472	442	511	170.25	670	669	564	211.25	893	887	716	128.5	581	532	510
weighted-average common shares outstanding for diluted computation	37,684	38,055	38,271		38,847	38,963	38,944		39,252	39,302	39,310		39,268	39,208	39,111		39,098	39,122	39,084		39,412	38,781	39,088		38,682	39,047	38,961		39,039	39,247	39,364		39,286	39,206	39,336		39,462	39,371	39,382		39,107	39,485	39,842		41,067	41,533	41,829		42,242	42,462	42,637		42,570	42,494	42,477		42,779	42,634	42,961		43,339	43,298	43,086		42,902	42,830	42,787	42,662	42,798			43,259	43,949			44,414	44,630
other income		-505,000	-548,000			-755,000													-312,000	-454,000	-1,657,000		-177,000	-410,750	-1,428,000			-137,250	-1,256,000		-239,000			-20,000	-711,000					16,250	65,000									-270,000									1,932,000	-384,000	-2,645,000	-421,000	-343,000	-160,500	-397,000	58,000			2,225,000	815,000	-326,000	162,000	161,000	230,000	-82,000	-308,000	-720,000	-69,000
impairment expense
intangible and other impairment																						49,528,000
goodwill & intangible impairment																								32,750,000	131,000,000
intangible impairment																													31,594,000
cash dividends per common share																														0.3	0.3	0.22	0.3	0.29	0.29	0.213	0.29	0.28	0.28			0.27	0.27	0.193	0.27	0.25	0.25	0.178	0.25	0.23	0.23	0.163	0.23	0.21	0.21	0.148	0.21	0.19	0.19	0.128	0.17	0.17	0.17	0.113	0.15	0.15	0.15	0.15	0.15	0.15	0.113	0.15	0.15	0.15	0.09	0.12	0.12	0.12
selling, distribution and administrative, including depreciation																																192,856,000	183,080,000	141,645,000	140,587,000	147,858,000	145,335,000	134,800,000	135,112,000	410,796,000	143,031,000	134,805,000	139,986,000	143,931,000	143,591,000	148,906,000	148,767,000	137,719,000	131,047,000	123,546,000	130,256,000	133,075,000	130,923,000	122,350,000	120,215,000	122,912,000	125,594,000	122,134,000	115,437,000	124,528,000	118,365,000	111,225,000	108,229,000	106,548,000	103,319,000	98,002,000	97,803,000	101,227,000	106,662,000	108,683,000	104,581,000	106,815,000	102,223,000	102,840,000
goodwill impairment																																									64,794,000
item 2:
item 3:
item 4:
part ii:
item 1:
item 6:
signatures
dilutive effect of common stock equivalents																																																																				418	482	666			806	870	218.75	798
weighted-average common shares outstanding for dilutive computation																																																																						42,982				44,052
income taxes																																																																							10,520,250	13,687,000	14,139,000		8,530,000	11,967,000	10,471,000	11,682,000
dilutive effect of stock options and awards																																																																							197	701					946	908
selling, distribution and administrative expenses																																																																											77,361,500	106,467,000	101,222,000	101,757,000
adjusted average common shares outstanding for diluted computation																																																																														44,845

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30

assets
current assets
cash and cash equivalents	171,576,000	405,986,000	418,716,000	388,417,000	352,842,000	303,441,000	538,520,000	460,617,000	456,533,000	412,855,000	360,415,000	344,036,000	182,127,000	165,538,000	147,575,000	184,474,000	188,084,000	154,843,000	247,313,000	257,745,000	304,016,000	288,775,000	271,060,000	268,551,000	165,464,000	128,149,000	98,204,000	108,219,000	47,367,000	79,827,000	56,408,000	54,150,000	43,523,000	85,324,000	77,769,000	105,057,000	67,313,000	62,857,000	58,022,000	59,861,000	62,932,000	55,634,000	63,966,000	69,470,000	55,165,000	33,184,000	52,033,000	71,189,000	69,086,000	66,584,000	76,877,000	73,164,000	43,083,000	51,845,000	56,673,000	78,442,000	79,408,000	70,512,000	73,218,000	91,092,000	88,559,000	53,915,000	94,593,000	175,777,000	156,266,000	104,203,000	65,687,000	27,642,000	48,216,000	46,620,000	56,749,000	101,830,000	70,580,000	79,995,000	143,654,000	119,665,000	85,018,000	84,410,000	102,276,000
accounts receivable	792,849,000	706,902,000	753,443,000		754,638,000	696,239,000	691,512,000	724,878,000	710,195,000	659,196,000	694,922,000	708,395,000	705,638,000	654,510,000	674,136,000	656,429,000	618,079,000	520,134,000	530,824,000	516,322,000	510,080,000	444,200,000	447,032,000	449,998,000	524,081,000	502,894,000	529,330,000	540,902,000
inventories	526,324,000	529,003,000	521,675,000	505,337,000	500,562,000	518,044,000	497,568,000	488,258,000	503,910,000	520,155,000	507,641,000	501,184,000	526,978,000	523,021,000	490,099,000	449,821,000	425,373,000	399,763,000	377,978,000	362,547,000	358,237,000	363,757,000	365,355,000	389,150,000	421,201,000	463,609,000	465,165,000	447,555,000	454,555,000	445,881,000	431,658,000	422,069,000	432,449,000	386,943,000	364,979,000	345,145,000	344,743,000	349,020,000	342,044,000	338,221,000	346,979,000	359,726,000	350,807,000	362,419,000	381,085,000	401,474,000	367,291,000	335,747,000	320,045,000	323,257,000	302,404,000	281,417,000	281,198,000	294,651,000	268,960,000	228,506,000	230,035,000	222,626,000	215,013,000	204,066,000	196,427,000	194,991,000	190,758,000	173,253,000	174,330,000	201,872,000	226,028,000	254,690,000	249,217,000	265,659,000	239,387,000	210,723,000	219,265,000	229,673,000	207,138,000	199,886,000	206,991,000	215,208,000	192,523,000
other current assets	90,457,000	106,568,000	71,457,000	84,020,000	83,311,000	96,972,000	81,950,000	96,148,000	97,044,000	89,786,000	81,287,000	93,192,000	92,002,000	79,183,000	78,686,000	68,805,000	63,504,000	68,878,000	54,452,000	59,961,000	54,023,000	54,864,000	52,887,000	52,070,000	51,773,000	47,903,000	52,224,000	51,462,000	49,380,000	44,041,000	35,555,000	32,990,000	41,735,000	37,538,000	28,559,000	41,409,000	33,181,000	33,839,000	30,009,000	35,687,000	39,377,000	36,177,000	42,527,000	51,111,000	55,359,000	57,773,000	51,915,000	53,480,000	41,284,000	54,702,000	34,174,000	52,819,000	42,355,000	46,820,000	35,709,000	51,771,000	31,897,000	36,113,000	27,532,000	33,005,000	26,791,000	29,392,000	24,822,000	23,428,000	21,179,000	28,859,000	33,495,000	44,470,000	33,835,000	40,867,000	35,953,000	48,525,000	34,407,000	28,504,000	28,187,000	32,284,000	27,334,000	31,402,000	19,720,000
total current assets	1,581,206,000	1,748,459,000	1,765,291,000	1,747,473,000	1,691,353,000	1,614,696,000	1,809,550,000	1,769,901,000	1,767,682,000	1,681,992,000	1,644,265,000	1,646,807,000	1,506,745,000	1,422,252,000	1,390,496,000	1,359,529,000	1,295,040,000	1,143,618,000	1,210,567,000	1,196,575,000	1,226,356,000	1,151,596,000	1,136,334,000	1,159,769,000	1,162,519,000	1,142,555,000	1,144,923,000	1,148,138,000	1,125,770,000	1,081,783,000	1,089,083,000	1,058,020,000	1,051,240,000	903,511,000	876,879,000	882,542,000	836,111,000	782,432,000	777,361,000	781,626,000	803,841,000	780,824,000	813,906,000	859,305,000	886,017,000	877,757,000	874,760,000	836,148,000	774,511,000	750,479,000	733,736,000	737,280,000	702,881,000	697,944,000	687,095,000	665,762,000	649,000,000	609,951,000	605,213,000	618,914,000	592,483,000	528,969,000	571,215,000	618,860,000	590,488,000	546,854,000	528,401,000	525,594,000	540,461,000	574,873,000	597,625,000	606,197,000	569,115,000	559,201,000	628,230,000	600,533,000	569,679,000	551,480,000	555,166,000
property, less accumulated depreciation of 262,959 and 256,016, respectively	128,037,000
operating lease assets	181,830,000	181,831,000	185,730,000		191,099,000	195,318,000	145,043,000	133,289,000	95,569,000	104,517,000	102,144,000	100,677,000	101,960,000	105,797,000	103,037,000	108,052,000	95,049,000	90,996,000	94,476,000	87,111,000	84,062,000	86,977,000	89,622,000	90,636,000	86,617,000	85,418,000	86,557,000
identifiable intangibles	322,689,000	328,787,000	338,895,000		350,946,000	360,748,000	242,744,000	245,870,000	220,840,000	227,831,000	237,102,000	235,549,000	243,133,000	246,739,000	242,741,000	250,590,000	258,501,000	266,314,000	274,410,000	279,628,000	287,686,000	294,581,000	333,613,000	343,215,000	352,864,000	364,519,000	374,871,000	368,866,000	378,844,000	413,093,000	425,801,000	435,947,000	448,089,000	153,432,000	159,848,000	163,562,000	168,404,000	173,460,000	181,465,000	191,240,000	195,726,000	185,009,000	191,708,000	198,828,000	203,978,000	216,305,000	208,497,000	159,508,000
goodwill	704,998,000	701,422,000	699,862,000	699,374,000	694,193,000	686,148,000	624,217,000	619,395,000	588,713,000	589,356,000	586,478,000	578,418,000	577,235,000	572,319,000	561,477,000	563,205,000	563,751,000	562,811,000	562,791,000	560,077,000	559,196,000	557,257,000	541,357,000	540,594,000	539,495,000	673,175,000	671,476,000	661,991,000	661,195,000	651,206,000	647,529,000	646,643,000	629,783,000	209,001,000	209,834,000	206,135,000	205,341,000	203,963,000	205,537,000	202,700,000	199,236,000	249,267,000	248,580,000	254,406,000	252,717,000	260,256,000	259,156,000	193,494,000	111,201,000	111,356,000	106,973,000	106,849,000	108,060,000	105,026,000	94,626,000	83,080,000	84,690,000	75,517,000	76,783,000	76,981,000	75,605,000	74,587,000	73,743,000	63,405,000	63,230,000	63,100,000	62,610,000	63,108,000	96,878,000	98,634,000	90,294,000	64,685,000	61,760,000	60,458,000	57,663,000	57,550,000	56,676,000	56,966,000	57,248,000
other assets	69,951,000	69,292,000	66,164,000	63,289,000	61,033,000	62,395,000	62,596,000	64,928,000	66,814,000	65,363,000	66,818,000	66,840,000	64,182,000	63,007,000	65,884,000	59,316,000	60,064,000	49,857,000	47,123,000	32,827,000	31,137,000	30,076,000	28,042,000	27,436,000	24,264,000	27,082,000	26,811,000	28,399,000	33,761,000	21,901,000	23,494,000	23,788,000	21,353,000	18,433,000	17,791,000	18,303,000	17,410,000	16,958,000	16,991,000	16,921,000	17,295,000	16,887,000	17,216,000	17,885,000	18,271,000	18,525,000	19,563,000	20,257,000	19,945,000	20,136,000	19,702,000	19,041,000	19,019,000	21,937,000	19,533,000	18,974,000	18,662,000	16,314,000	16,054,000	17,024,000	17,874,000	17,771,000	16,690,000	16,375,000	66,284,000	65,317,000	65,207,000	62,059,000	49,912,000	46,273,000	44,471,000	43,728,000	56,634,000	58,751,000	53,266,000	51,498,000	47,027,000	46,805,000	45,642,000
total assets	2,988,711,000	3,159,322,000	3,185,474,000	3,175,544,000	3,115,663,000	3,044,641,000	3,003,211,000	2,951,910,000	2,854,943,000	2,782,765,000	2,750,511,000	2,743,332,000	2,608,638,000	2,522,904,000	2,474,174,000	2,452,588,000	2,383,571,000	2,225,709,000	2,303,180,000	2,271,807,000	2,305,388,000	2,241,017,000	2,249,253,000	2,283,551,000	2,289,529,000	2,418,997,000	2,429,732,000	2,331,697,000	2,322,810,000	2,289,988,000	2,305,688,000	2,285,741,000	2,272,323,000	1,405,882,000	1,384,907,000	1,387,595,000	1,346,691,000	1,294,516,000	1,299,439,000	1,312,529,000	1,334,339,000	1,350,395,000	1,376,260,000	1,434,968,000	1,466,153,000	1,480,450,000	1,468,919,000	1,334,169,000	1,096,651,000	1,074,159,000	1,050,089,000	1,058,706,000	1,035,937,000	1,037,626,000	1,001,767,000	962,183,000	954,336,000	898,013,000	900,227,000	914,931,000	891,858,000	829,630,000	872,709,000	891,520,000	866,707,000	826,140,000	810,505,000	809,328,000	847,847,000	887,728,000	914,195,000	798,771,000	752,667,000	744,267,000	805,356,000	777,369,000	741,002,000	724,372,000	727,811,000
liabilities and shareholders’ equity
current liabilities
accounts payable	303,057,000	258,235,000	276,855,000	280,124,000	282,191,000	240,889,000	265,136,000	266,949,000	271,185,000	253,739,000	259,790,000	301,685,000	276,024,000	250,407,000	277,224,000	259,463,000	247,639,000	203,563,000	210,987,000	208,162,000	217,252,000	196,468,000	181,627,000	186,270,000	214,253,000	212,312,000	229,368,000	237,289,000	240,339,000	232,558,000	241,885,000	256,886,000	217,852,000	165,634,000	165,233,000	180,614,000	150,255,000	137,499,000	149,007,000	148,543,000	134,871,000	114,824,000	142,636,000	179,825,000	143,881,000	150,938,000	145,614,000	172,401,000	145,352,000	140,869,000	131,195,000	136,575,000	140,865,000	123,796,000	145,932,000	120,890,000	124,614,000	105,591,000	109,928,000	108,509,000	110,143,000	86,957,000	109,266,000	94,529,000	97,421,000	82,354,000	78,876,000	80,655,000	77,831,000	106,386,000	127,591,000	109,822,000	85,928,000	95,264,000	103,326,000	97,166,000	99,702,000	91,377,000	110,402,000
current portion of long-term debt	18,000,000						25,003,000	25,055,000	25,107,000	25,159,000	25,171,000	25,170,000	25,196,000	25,189,000	181,000	40,174,000	40,166,000	40,182,000	88,401,000	43,525,000	78,644,000	78,638,000	78,651,000	78,646,000	78,642,000	73,771,000	93,912,000	49,036,000				19,183,000	19,182,000	6,378,000		4,814,000	4,012,000	3,248,000		3,352,000
compensation and related benefits	88,529,000	84,396,000	73,284,000	99,630,000	82,350,000	75,240,000	69,505,000	93,204,000	75,443,000	72,929,000	62,448,000	98,740,000	80,545,000	73,873,000	61,230,000	91,166,000	81,518,000	64,689,000	65,509,000	77,657,000	80,660,000	67,253,000	65,168,000	61,887,000	69,051,000	56,772,000	63,973,000	67,978,000	69,324,000	56,882,000	62,995,000	73,370,000	67,994,000	48,726,000	49,774,000	58,785,000	57,615,000	44,427,000	46,327,000	57,187,000	51,401,000	40,310,000	43,466,000	63,780,000	54,010,000	54,139,000	47,687,000	55,760,000	46,849,000	48,769,000	45,373,000	63,899,000	54,044,000	52,935,000	46,355,000	63,149,000	56,234,000	51,930,000	44,443,000	65,413,000	55,007,000	42,134,000	37,999,000	50,107,000	44,836,000	34,404,000	34,271,000	34,695,000	39,711,000	39,619,000	43,371,000	56,172,000	53,292,000	46,288,000	43,274,000	59,536,000
other current liabilities	127,036,000	132,851,000	147,616,000	146,397,000	109,649,000	113,311,000	118,656,000	115,892,000	96,671,000	97,299,000	119,149,000	114,749,000	98,827,000	97,736,000	112,628,000	108,824,000	95,033,000	91,421,000	101,930,000	98,356,000	89,190,000	83,508,000	88,605,000	99,280,000	85,915,000	77,846,000	91,469,000	69,491,000	62,731,000	60,164,000	70,109,000	83,112,000	64,936,000	50,889,000	59,658,000	65,540,000	58,683,000	52,048,000	65,719,000	65,306,000	62,852,000	62,890,000	68,220,000	63,118,000	68,456,000	63,854,000	75,839,000	60,074,000	46,022,000	46,216,000	49,007,000	45,426,000	45,881,000	45,763,000	49,720,000	46,130,000	44,847,000	41,443,000	52,582,000	40,766,000	43,493,000	43,049,000	63,292,000	51,696,000	55,374,000	50,831,000	38,378,000	36,206,000				31,017,000				27,913,000	78,125,000
total current liabilities	536,622,000	475,482,000	497,755,000	526,151,000	474,190,000	429,440,000	478,300,000	501,100,000	468,406,000	449,126,000	466,558,000	540,344,000	480,592,000	447,205,000	451,263,000	499,627,000	464,356,000	399,855,000	466,827,000	427,700,000	465,746,000	425,867,000	414,051,000	426,083,000	447,861,000	420,701,000	478,722,000	423,794,000	416,557,000	393,788,000	394,173,000	432,551,000	369,964,000	271,627,000	280,260,000	309,753,000	270,565,000	237,222,000	264,301,000	274,388,000	252,475,000	221,374,000	258,297,000	310,072,000	269,067,000	271,651,000	271,982,000	290,955,000	268,223,000	250,854,000	225,575,000	245,900,000	240,790,000	255,494,000	242,007,000	230,169,000	225,695,000	198,964,000	206,953,000	214,688,000	208,643,000	172,140,000	235,557,000	271,332,000	272,631,000	242,589,000	201,525,000	156,556,000	201,617,000	240,104,000	253,523,000	197,011,000	171,799,000	171,111,000	235,930,000	235,010,000	228,420,000	209,412,000	177,526,000
long-term debt	347,300,000	572,300,000	572,300,000	572,300,000	572,300,000	572,300,000	572,288,000	572,279,000	571,862,000	571,854,000	596,883,000	596,926,000	597,006,000	624,052,000	649,103,000	649,150,000	681,197,000	681,266,000	730,307,000	784,855,000	773,404,000	783,076,000	792,827,000	855,143,000	864,758,000	874,423,000	859,172,000	908,850,000	937,536,000	923,410,000	953,216,000	944,522,000	1,017,327,000	306,579,000	285,175,000	286,769,000	317,382,000	323,940,000	301,771,000	324,982,000	367,820,000	363,640,000	351,340,000	317,646,000	386,956,000	346,636,000	321,418,000	167,992,000																			25,000,000	75,000,000	75,000,000	75,000,000	75,000,000	25,000,000	25,000,000	25,000,000	25,000,000	25,000,000	25,000,000	25,000,000	75,988,000
other liabilities	244,746,000	237,132,000	231,664,000	232,573,000	241,692,000	249,389,000	200,546,000	189,750,000	145,651,000	153,757,000	150,954,000	147,625,000	150,380,000	155,771,000	152,368,000	154,456,000	139,624,000	122,899,000	129,476,000	126,706,000	131,331,000	151,367,000	156,969,000	158,783,000	146,350,000	161,632,000	164,613,000	102,019,000	77,497,000	73,675,000	78,281,000	81,720,000	65,769,000	34,392,000	30,201,000	29,102,000	32,648,000	31,342,000	31,629,000	33,921,000	37,920,000	38,195,000	36,877,000	46,295,000	55,005,000	61,439,000	65,741,000	51,303,000	22,159,000	24,421,000	24,552,000	22,272,000	22,243,000	24,982,000	21,721,000	20,133,000	21,158,000	16,625,000	16,549,000	18,950,000	20,241,000	18,878,000	19,108,000	16,589,000	17,325,000	18,041,000	28,308,000	26,484,000	25,218,000	28,313,000	32,635,000	36,939,000	34,712,000	36,341,000	35,737,000	29,824,000		53,033,000	53,166,000
total liabilities	1,128,668,000	1,284,914,000	1,301,719,000	1,331,024,000	1,288,182,000	1,251,129,000	1,251,134,000	1,263,129,000	1,185,919,000	1,174,737,000	1,214,395,000	1,284,895,000	1,227,978,000	1,227,028,000	1,252,734,000	1,303,233,000	1,285,177,000	1,204,020,000	1,326,610,000	1,339,261,000	1,370,481,000	1,360,310,000	1,363,847,000	1,440,009,000	1,458,969,000	1,456,756,000	1,502,507,000	1,434,663,000	1,439,962,000	1,400,073,000	1,434,882,000	1,470,778,000	1,466,295,000	626,620,000	611,239,000	642,339,000	640,821,000	613,107,000	618,991,000	654,613,000	677,497,000	642,828,000	666,137,000	693,640,000	729,842,000	698,784,000	678,214,000	533,861,000	315,579,000	300,680,000	275,467,000	299,091,000	297,957,000	315,514,000	298,668,000	290,052,000	282,127,000	251,827,000	267,413,000	281,368,000	278,661,000	240,389,000	303,631,000	336,481,000	333,826,000	303,984,000	297,624,000	301,226,000	342,529,000	382,828,000	399,297,000	296,696,000	269,888,000	270,670,000	333,630,000	326,386,000	309,266,000	287,445,000	306,680,000
shareholders’ equity
preferred stock—no par value; 2,500 shares authorized; none issued or outstanding
common stock—no par value; 80,000 shares authorized; 54,213 shares issued	10,000,000	10,000,000	10,000,000		10,000,000	10,000,000	10,000,000		10,000,000	10,000,000	10,000,000		10,000,000	10,000,000	10,000,000		10,000,000	10,000,000	10,000,000		10,000,000	10,000,000	10,000,000		10,000,000																10,000,000	10,000,000	10,000,000		10,000,000	10,000,000	10,000,000		10,000,000	10,000,000	10,000,000		10,000,000	10,000,000	10,000,000		10,000,000	10,000,000	10,000,000
additional paid-in capital	202,368,000	200,168,000	198,241,000	198,970,000	196,610,000	193,557,000	191,325,000	193,778,000	191,133,000	188,636,000	185,986,000	188,646,000	186,187,000	184,795,000	183,348,000	183,822,000	183,100,000	180,248,000	179,574,000	177,014,000	177,231,000	175,016,000	176,007,000	176,492,000	174,830,000	173,677,000	172,223,000	172,931,000	171,734,000	170,385,000	168,618,000	169,383,000	167,848,000	166,008,000	164,998,000	164,655,000	163,448,000	162,639,000	162,518,000	162,529,000	161,735,000	160,668,000	160,407,000	160,072,000	158,923,000	158,623,000	158,001,000	156,999,000	156,495,000	155,299,000	154,492,000	153,893,000	152,676,000	151,508,000	150,900,000	150,070,000	149,943,000	151,704,000	150,153,000	148,307,000	148,112,000	146,804,000	145,366,000	143,185,000	141,003,000	139,261,000	138,426,000	136,895,000	136,200,000	135,916,000	134,518,000	133,078,000	131,848,000	130,760,000	129,438,000	127,569,000	125,988,000	124,932,000	123,734,000
retained earnings	2,707,720,000	2,626,827,000	2,548,791,000	2,447,931,000	2,375,017,000	2,292,902,000	2,213,868,000	2,121,838,000	2,046,956,000	1,964,090,000	1,886,432,000	1,792,632,000	1,727,534,000	1,643,874,000	1,576,551,000	1,499,676,000	1,446,847,000	1,391,655,000	1,347,375,000	1,294,413,000	1,260,761,000	1,217,582,000	1,235,351,000	1,200,570,000	1,195,411,000	1,290,685,000	1,264,648,000	1,229,148,000	1,213,314,000	1,208,748,000	1,181,683,000	1,129,678,000	1,112,136,000	1,087,156,000	1,067,473,000	1,033,751,000	1,003,480,000	985,297,000	972,174,000	944,821,000	940,696,000	996,392,000	983,072,000	969,548,000	952,355,000	934,821,000	915,482,000	896,776,000
treasury shares—at cost	-964,523,000	-870,256,000	-779,702,000		-647,384,000	-597,113,000	-576,608,000		-514,576,000	-495,052,000	-483,932,000		-477,417,000	-475,407,000	-474,529,000		-470,697,000	-467,279,000	-462,556,000		-414,214,000	-414,527,000	-414,031,000		-414,174,000	-414,561,000	-414,513,000		-415,206,000	-404,586,000	-404,619,000		-403,956,000	-404,288,000	-395,253,000		-381,646,000	-378,905,000	-376,441,000		-374,393,000	-365,179,000	-355,715,000		-320,744,000	-283,622,000	-272,075,000		-249,086,000	-239,358,000	-228,528,000		-225,322,000	-225,751,000	-226,425,000		-215,394,000	-216,557,000	-216,190,000
accumulated other comprehensive loss	-95,522,000	-92,331,000	-93,575,000	-91,686,000	-106,762,000	-105,834,000	-86,508,000	-77,566,000	-64,489,000	-59,646,000	-62,370,000	-55,296,000	-65,644,000	-67,386,000	-73,930,000	-72,295,000	-70,856,000	-92,935,000	-97,823,000	-93,092,000	-98,871,000	-107,364,000	-121,921,000		-135,507,000	-97,560,000	-105,133,000		-96,994,000	-94,632,000	-84,876,000		-80,000,000	-79,614,000	-73,550,000		-89,412,000	-97,622,000	-87,803,000		-81,196,000		-87,641,000																			-3,877,000	-8,211,000	-6,048,000	-6,207,000	-6,568,000	-10,333,000								-1,198,000
total shareholders’ equity	1,860,043,000	1,874,408,000	1,883,755,000	1,844,520,000	1,827,481,000	1,793,512,000	1,752,077,000	1,688,781,000	1,669,024,000	1,608,028,000	1,536,116,000	1,458,437,000	1,380,660,000	1,295,876,000	1,221,440,000	1,149,355,000	1,098,394,000	1,021,689,000	976,570,000	932,546,000	934,907,000	880,707,000	885,406,000	843,542,000	830,560,000	962,241,000	927,225,000	897,034,000	882,848,000	889,915,000	870,806,000	814,963,000	806,028,000	779,262,000	773,668,000	745,256,000	705,870,000	681,409,000	680,448,000	657,916,000	656,842,000	707,567,000	710,123,000	741,328,000	736,311,000	781,666,000	790,705,000	800,308,000	781,072,000	773,479,000	774,622,000	759,615,000	737,980,000	722,112,000	703,099,000	672,131,000	672,209,000	646,186,000	632,814,000	633,563,000	613,197,000	589,241,000	569,078,000	555,039,000	532,881,000	522,156,000	512,881,000	508,102,000	505,318,000	504,900,000	514,898,000	502,075,000	482,779,000	473,597,000	471,726,000	450,983,000	431,736,000	436,927,000	421,131,000
total liabilities and shareholders’ equity	2,988,711,000	3,159,322,000	3,185,474,000	3,175,544,000	3,115,663,000	3,044,641,000	3,003,211,000	2,951,910,000	2,854,943,000	2,782,765,000	2,750,511,000	2,743,332,000	2,608,638,000	2,522,904,000	2,474,174,000	2,452,588,000	2,383,571,000	2,225,709,000	2,303,180,000	2,271,807,000	2,305,388,000	2,241,017,000	2,249,253,000	2,283,551,000	2,289,529,000	2,418,997,000	2,429,732,000	2,331,697,000	2,322,810,000	2,289,988,000	2,305,688,000	2,285,741,000	2,272,323,000	1,405,882,000	1,384,907,000	1,387,595,000	1,346,691,000	1,294,516,000	1,299,439,000	1,312,529,000	1,334,339,000	1,350,395,000	1,376,260,000	1,434,968,000	1,466,153,000	1,480,450,000	1,468,919,000	1,334,169,000	1,096,651,000	1,074,159,000	1,050,089,000	1,058,706,000	1,035,937,000	1,037,626,000	1,001,767,000	962,183,000	954,336,000	898,013,000	900,227,000	914,931,000	891,858,000	829,630,000	872,709,000	891,520,000	866,707,000	826,140,000	810,505,000	809,328,000	847,847,000	887,728,000	914,195,000	798,771,000	752,667,000	744,267,000	805,356,000	777,369,000	741,002,000	724,372,000	727,811,000
property, less accumulated depreciation of 265,192 and 256,016		129,531,000
property, less accumulated depreciation of 260,805 and 256,016			129,532,000
accounts receivable — net				769,699,000
property — at cost
land				14,083,000				14,160,000				14,219,000				14,319,000				14,399,000				14,339,000				14,452,000				14,411,000				14,250,000				14,214,000				12,950,000				13,212,000				10,125,000				10,245,000				10,428,000				10,569,000				10,577,000				10,639,000				10,850,000
buildings				116,733,000				115,262,000				109,884,000				108,119,000				107,142,000				104,396,000				101,338,000				104,419,000				97,529,000				97,521,000				89,325,000				89,886,000				75,463,000				74,477,000				73,399,000				73,099,000				72,481,000				71,142,000				69,938,000
equipment, including computers and software				253,354,000				233,745,000				219,979,000				204,473,000				198,374,000				195,220,000				189,579,000				177,813,000				162,432,000				157,496,000				166,515,000				157,370,000				155,161,000				147,004,000				129,117,000
total property — at cost				384,170,000				363,167,000				344,082,000				326,911,000				319,915,000				313,955,000				305,369,000				296,643,000				274,211,000				269,231,000				268,790,000				260,468,000				240,749,000				231,726,000				212,944,000
less accumulated depreciation				256,016,000				244,640,000				229,041,000				215,015,000				204,326,000				192,054,000				181,066,000				175,300,000				166,143,000				161,466,000				164,343,000				156,872,000				157,506,000				148,623,000				143,930,000				138,790,000				131,274,000				124,946,000				119,006,000
property — net				128,154,000				118,527,000				115,041,000				111,896,000				115,589,000				121,901,000				124,303,000				121,343,000				108,068,000				107,765,000				104,447,000				103,596,000				83,243,000				83,103,000				69,014,000
operating lease assets — net				188,654,000
identifiable intangibles — net				348,600,000
liabilities
preferred stock — no par value; 2,500 shares authorized; none issued or outstanding
common stock — no par value; 80,000 shares authorized; 54,213 shares issued; 37,868 and 38,409 shares outstanding, respectively				10,000,000
treasury shares — at cost				-720,695,000				-559,269,000				-477,545,000				-471,848,000				-455,789,000																																								-198,224,000	-196,478,000	-192,598,000	-192,996,000		-191,947,000	-190,395,000	-190,928,000		-191,935,000	-191,517,000	-190,455,000						-160,456,000
property, less accumulated depreciation of 251,431 and 244,640					127,039,000
property, less accumulated depreciation of 249,890 and 244,640						125,336,000
property, less accumulated depreciation of 247,597 and 244,640							119,061,000
common stock — no par value; 80,000 shares authorized; 54,213 shares issued; 38,409 and 38,657 shares outstanding, respectively								10,000,000
property, less accumulated depreciation of 242,620 and 229,041									115,325,000
property, less accumulated depreciation of 238,935 and 229,041										113,706,000
property, less accumulated depreciation of 233,340 and 229,041											113,704,000
common stock — no par value; 80,000 shares authorized; 54,213 shares issued; 38,657 and 38,499 shares outstanding, respectively												10,000,000
property, less accumulated depreciation of 225,379 and 215,015													115,383,000
property, less accumulated depreciation of 222,086 and 215,015														112,790,000
property, less accumulated depreciation of 218,280 and 215,015															110,539,000
common stock — no par value; 80,000 shares authorized; 54,213 shares issued; 38,499 and 38,516 shares outstanding, respectively																10,000,000
property, less accumulated depreciation of 212,463 and 204,326																	111,166,000
property, less accumulated depreciation of 212,160 and 204,326																		112,113,000
property, less accumulated depreciation of 208,991 and 204,326																			113,813,000
common stock — no par value; 80,000 shares authorized; 54,213 shares issued; 38,516 and 38,710 shares outstanding, respectively																				10,000,000
property, less accumulated depreciation of 200,039 and 192,054																					116,951,000
property, less accumulated depreciation of 198,572 and 192,054																						120,530,000
property, less accumulated depreciation of 197,143 and 192,054																							120,285,000
common stock — no par value; 80,000 shares authorized; 54,213 shares issued; 38,710 and 38,597 shares outstanding, respectively																								10,000,000
treasury shares — at cost (15,503 and 15,616 shares), respectively
property, less accumulated depreciation of 187,292 and 181,066																									123,770,000
property, less accumulated depreciation of 188,970 and 181,066																										126,248,000
common stock—no par value; 80,000 shares authorized; 54,213 shares issued; 38,678 and 38,597 outstanding, respectively																										10,000,000
property, less accumulated depreciation of 184,989 and 181,066																											125,094,000
common stock—no par value; 80,000 shares authorized; 54,213 shares issued; 38,655 and 38,597 outstanding, respectively																											10,000,000
common stock — no par value; 80,000 shares authorized; 54,213 shares issued; 38,597 and 38,703 shares outstanding, respectively																												10,000,000
treasury shares — at cost (15,616 and 15,510 shares), respectively
accounts receivable, less allowances																													574,468,000	512,034,000	565,462,000	548,811,000	533,533,000	393,706,000	405,572,000	390,931,000	390,874,000	336,716,000	347,286,000	347,857,000	354,553,000	329,287,000	356,606,000	376,305,000	394,408,000	385,326,000	403,521,000	375,732,000	344,096,000	305,936,000	320,281,000	329,880,000	336,245,000	304,628,000	325,753,000	307,043,000	307,660,000	280,700,000	289,450,000	290,751,000	280,706,000	250,671,000	261,042,000	246,402,000	238,713,000	211,920,000	203,191,000	198,792,000	209,193,000	221,727,000	265,536,000	245,119,000	244,863,000	221,029,000	249,251,000	248,698,000	250,336,000	220,460,000	240,647,000
property, less accumulated depreciation of 177,383 and 175,300																													123,240,000
current portion of long term debt																													44,163,000	44,184,000	19,184,000				5,595,000				3,248,000		3,351,000	3,350,000	3,975,000	3,349,000	2,720,000	2,720,000	2,842,000	2,720,000
post-employment benefits																													8,372,000	9,200,000	9,212,000	11,985,000			15,603,000	16,715,000			21,290,000	21,322,000			19,623,000	19,627,000				23,611,000
common stock—no par value; 80,000 shares authorized; 54,213 shares issued; 38,593 and 38,703 outstanding, respectively																													10,000,000
property, less accumulated depreciation of 182,812 and 175,300																														122,005,000
common stock—no par value; 80,000 shares authorized; 54,213 shares issued; 38,758 and 38,703 outstanding, respectively																														10,000,000
property, less accumulated depreciation of 179,972 and 175,300																															119,781,000
common stock—no par value; 80,000 shares authorized; 54,213 shares issued; 38,754 and 38,703 outstanding, respectively																															10,000,000
common stock — no par value; 80,000 shares authorized; 54,213 shares issued; 38,703 and 39,041 shares outstanding, respectively																																10,000,000
treasury shares — at cost (15,510 and 15,172 shares), respectively
property, less accumulated depreciation of 172,263 and 166,143																																	121,858,000
postemployment benefits																																	13,235,000	14,022,000			20,226,000	20,603,000			19,282,000	19,619,000			18,814,000	19,058,000	19,073,000		25,197,000	25,405,000	25,340,000	30,919,000	34,924,000	35,038,000	34,940,000	39,750,000	35,274,000	36,238,000	43,911,000	47,730,000	49,777,000	49,371,000	48,966,000	48,560,000	43,870,000	43,354,000	42,791,000	43,186,000	40,694,000	39,411,000	38,139,000	37,746,000	38,377,000	38,218,000	36,963,000	36,552,000
common stock—no par value; 80,000 shares authorized; 54,213 shares issued; 38,696 and 39,041 outstanding, respectively																																	10,000,000
property, less accumulated depreciation of 171,604 and 166,143																																		111,962,000
deferred tax assets																																		9,543,000	9,242,000	8,985,000	12,652,000	12,424,000	11,802,000	12,277,000	10,109,000	11,938,000	90,000	97,000	490,000	255,000	260,000	21,166,000	23,792,000	20,463,000	20,568,000	21,026,000	26,407,000	26,209,000	26,069,000	26,424,000	34,752,000	36,604,000	42,437,000	43,447,000	47,623,000	47,557,000	48,346,000	48,493,000
common stock—no par value; 80,000 shares authorized; 54,213 shares issued; 38,674 and 39,041 outstanding, respectively																																		10,000,000
property, less accumulated depreciation of 170,163 and 166,143																																			111,313,000
common stock—no par value; 80,000 shares authorized; 54,213 shares issued; 38,815 and 39,041 outstanding, respectively																																			10,000,000
common stock — no par value; 80,000 shares authorized; 54,213 shares issued; 39,041 and 39,057 shares outstanding, respectively																																				10,000,000
treasury shares — at cost (15,172 and 15,156 shares), respectively
property, less accumulated depreciation of 165,956 and 161,466																																					106,773,000
common stock—no par value; 80,000 shares authorized; 54,213 shares issued; 39,030 and 39,057 outstanding, respectively																																					10,000,000
property, less accumulated depreciation of 164,742 and 161,466																																						105,279,000
common stock—no par value; 80,000 shares authorized; 54,213 shares issued; 39,010 and 39,057 outstanding, respectively																																						10,000,000
property, less accumulated depreciation of 163,245 and 161,466																																							106,283,000
common stock—no par value; 80,000 shares authorized; 54,213 shares issued; 39,031 and 39,057 outstanding, respectively																																							10,000,000
common stock — no par value; 80,000 shares authorized; 54,213 shares issued; 39,057 and 39,905 shares outstanding, respectively																																								10,000,000
treasury shares — at cost (15,156 and 14,308 shares), respectively
property, less accumulated depreciation of 162,425 and 164,343																																									108,132,000
property, less accumulated depreciation of 168,344 and 164,343																																										106,470,000
accumulated other comprehensive income																																										-94,314,000			-64,223,000	-38,156,000	-20,703,000		-13,884,000	-10,100,000	-2,790,000		-1,186,000	4,119,000	4,579,000		7,458,000	1,427,000	2,164,000	5,059,000	3,331,000							-7,849,000	-23,892,000	-19,222,000	955,000	6,249,000	6,093,000	3,540,000		-682,000	1,774,000	3,494,000	4,788,000
property, less accumulated depreciation of 166,060 and 164,343																																											104,760,000
common stock — no par value; 80,000 shares authorized; 54,213 shares issued																																												10,000,000				10,000,000				10,000,000				10,000,000				10,000,000	10,000,000	10,000,000			10,000,000	10,000,000	10,000,000		10,000,000	10,000,000	10,000,000		10,000,000	10,000,000	10,000,000			10,000,000
property, less accumulated depreciation of 160,619 and 156,872																																													104,680,000
property, less accumulated depreciation of 163,007 and 156,872																																														107,352,000
property, less accumulated depreciation of 160,063 and 156,872																																															106,683,000
property, less accumulated depreciation of 157,454 and 157,506																																																	78,834,000
intangibles																																																	88,368,000	91,669,000	87,961,000	91,267,000	95,215,000	100,914,000	90,087,000	84,840,000	88,768,000	82,968,000	86,661,000	89,551,000	90,324,000	93,389,000	95,671,000	85,916,000	88,505,000	91,024,000	93,293,000	95,832,000	97,002,000	101,653,000	113,718,000
short-term debt																																																	30,000,000	15,000,000				33,000,000									25,000,000	75,000,000	75,000,000	75,000,000	50,000,000	5,000,000	50,000,000	61,000,000	33,000,000
income retained for use in the business																																																	877,547,000	857,638,000	841,448,000	824,362,000	801,812,000	782,236,000	764,045,000	743,360,000	720,202,000	699,612,000	686,687,000	668,421,000	648,232,000	628,912,000	614,919,000	601,370,000	580,032,000	569,858,000	565,716,000	560,574,000	574,945,000	569,723,000	559,880,000	543,692,000	525,601,000	508,410,000	491,947,000	473,899,000	454,430,000	437,977,000	424,667,000
property, less accumulated depreciation of 163,179 and 157,506																																																		80,056,000
property, less accumulated depreciation of 160,592 and 157,506																																																			81,149,000
property, less accumulated depreciation of 155,533 and 148,623																																																					84,355,000
property, less accumulated depreciation of 155,455 and 148,623																																																						85,596,000
property, less accumulated depreciation of 152,184 and 148,623																																																							84,357,000
property, less accumulated depreciation of 147,944 and 143,930																																																									78,464,000
property, less accumulated depreciation of 146,132 and 143,930																																																										76,659,000
property, less accumulated depreciation of 144,532 and 143,930																																																											73,079,000
property, less accumulated depreciation of 142,445 and 138,790																																																													67,949,000
property, less accumulated depreciation of 140,278 and 138,790																																																														67,357,000
property, less accumulated depreciation of 141,048 and 138,790																																																															67,044,000
preferred stock -no par value; 2,500 shares authorized; none issued or outstanding
common stock -no par value; 80,000 shares authorized; 54,213 shares issued																																																															10,000,000
property - at cost
equipment																																																																113,593,000				110,951,000				108,162,000				106,006,000
total property - at cost																																																																197,261,000				194,009,000
property - net																																																																58,471,000				62,735,000
preferred stock - no par value; 2,500 shares authorized; none issued or outstanding
common stock - no par value; 80,000 shares authorized; 54,213 shares issued																																																																10,000,000				10,000,000
treasury shares - at cost																																																																-193,468,000				-191,518,000
property, less accumulated depreciation of 137,248 and
131,274																																																																	58,200,000
property, less accumulated depreciation of 136,873 and 131,274																																																																		59,845,000
property, less accumulated depreciation of 133,834 and 131,274																																																																			60,994,000
property, less accumulated depreciation of 126,935 and 124,946																																																																					63,594,000
other accrued liabilities																																																																					34,075,000	33,099,000	49,561,000		32,579,000	29,559,000	39,132,000			67,244,000	67,124,000
property, less accumulated depreciation of 126,193 and 124,946																																																																						66,295,000
property, less accumulated depreciation of 126,989 and 124,946																																																																							68,087,000
property – at cost
property – net																																																																								64,997,000				67,788,000
other intangibles																																																																								19,164,000
long-term debt payable within one year																																																																											50,198,000	50,395,000	50,593,000	50,791,000
preferred stock – no par value; 2,500 shares authorized; none issued or outstanding
common stock – no par value; 80,000 shares authorized; 54,213 shares issued																																																																								10,000,000				10,000,000
treasury shares – at cost																																																																								-190,944,000				-159,803,000
property, less accumulated depreciation of 124,801 and 119,006																																																																									65,158,000
treasury shares — at cost, 11,940 and 11,097 shares																																																																									-190,763,000
property, less accumulated depreciation of 123,618 and 119,006																																																																										65,857,000
treasury shares — at cost, 11,550 and 11,097 shares																																																																										-179,113,000
property, less accumulated depreciation of 120,762 and 119,006																																																																											66,197,000
treasury shares — at cost, 10,941 and 11,097 shares																																																																											-158,461,000
property, less accumulated depreciation of 121,733 and 115,488																																																																													67,620,000
other long-term liabilities																																																																													55,846,000
preferred stock — no par value; 2,500
shares authorized; none issued or oustanding
common stock — no par value; 80,000
shares authorized; 54,213 shares issued																																																																													10,000,000
property, less accumulated depreciation of 121,082 and 115,488																																																																														69,121,000
treasury shares — at cost, 10,329 and 10,146 shares																																																																														-139,476,000
property, less accumulated depreciation of 118,730 and 115,488																																																																															69,755,000
common stock — no par value; 80,000 and 50,000 shares authorized; 54,213 shares issued																																																																															10,000,000
treasury shares — at cost, 10,563 and 10,146 shares																																																																															-142,058,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30

cash flows from operating activities
net income	99,769,000	95,349,000	100,807,000	107,836,000	99,799,000	93,290,000	92,063,000	103,491,000	97,217,000	91,228,000	93,826,000	92,215,000	97,187,000	80,457,000	76,880,000	79,113,000	68,306,000	57,026,000	52,969,000	59,244,000	56,063,000	-5,334,000	34,784,000	29,989,000	-82,777,000	38,031,000	38,799,000	39,803,000	16,535,000	38,717,000	48,938,000	40,362,000	36,592,000	30,950,000	33,721,000	52,960,000	29,494,000	24,085,000	27,371,000	26,067,000	-44,728,000	23,947,000	24,291,000	28,045,000	28,610,000	29,707,000	29,122,000	29,674,000	30,394,000	25,909,000	26,844,000	32,272,000	29,302,000	27,043,000	29,532,000	32,044,000	29,418,000	20,935,000	26,382,000	28,275,000	26,536,000	21,193,000	20,755,000	27,704,000	16,525,000	10,487,000	11,187,000	-8,030,000	11,560,000	16,194,000	22,536,000	24,437,000	23,595,000	22,967,000	24,457,000	24,640,000	21,697,000	18,568,000	21,117,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization of property	6,396,000	6,590,000	6,486,000	6,466,000	6,583,000	5,926,000	5,924,000	5,864,000	5,802,000	6,048,000	5,717,000	5,668,000	5,565,000	5,552,000	5,481,000	5,461,000	5,352,000	5,436,000	5,427,000	5,139,000	5,080,000	5,209,000	5,352,000	5,199,000	5,380,000	5,394,000	5,223,000	5,191,000	5,026,000	5,038,000	4,981,000	5,077,000	4,713,000	4,081,000	3,927,000	3,942,000	3,877,000	3,837,000	3,650,000	3,925,000	4,031,000	4,080,000	3,930,000	3,786,000	4,461,000	4,120,000	4,211,000	3,858,000	3,327,000	3,361,000	3,431,000	3,267,000	3,198,000	3,014,000	3,022,000	2,848,000	2,790,000	2,780,000	2,818,000
amortization of intangibles	9,884,000	10,126,000	10,203,000	10,196,000	10,218,000	7,567,000	7,600,000	7,322,000	6,951,000	7,257,000	7,393,000	7,616,000	7,670,000	7,814,000	7,705,000	7,783,000	7,891,000	8,084,000	8,121,000	8,127,000	8,236,000	8,276,000	9,726,000	9,882,000	11,102,000	10,195,000	10,374,000	10,060,000	9,911,000	10,991,000	10,921,000	10,739,000	9,800,000	5,695,000	5,831,000	5,984,000	6,056,000	6,094,000	6,237,000	6,515,000	6,740,000	6,242,000	6,083,000	6,385,000	6,353,000	6,568,000	6,491,000	4,505,000	3,188,000	3,081,000	3,249,000	3,517,000	3,509,000	3,152,000	3,055,000	3,010,000	2,911,000	2,735,000	2,809,000	2,914,000	2,790,000	2,891,000	2,787,000	2,596,000	2,508,000	2,571,000	2,476,000	2,703,000	2,817,000	2,734,000	1,401,000
provision for losses on accounts receivable					-953,000	2,549,000	1,056,000		-25,000	159,000	867,000	943,000	-4,897,000	5,579,000	3,994,000
amortization of stock appreciation rights	1,287,000	1,393,000	1,494,000	1,143,000	1,117,000
other share-based compensation expense	2,134,000	1,449,000	1,831,000	1,465,000	2,723,000	1,426,000	1,675,000	1,988,000	3,271,000	2,261,000	1,976,000	2,157,000	3,418,000	2,062,000	1,939,000	2,494,000	2,796,000	1,705,000	1,563,000	1,794,000	2,493,000	1,490,000	677,000	1,954,000	209,000	918,000	919,000	758,000	1,365,000	1,308,000	1,043,000	1,185,000	1,904,000	799,000	778,000	793,000	1,558,000	723,000	555,000	451,000	1,119,000	326,000	628,000	1,728,000	444,000	87,000	592,000	-243,000	660,000	1,532,000	754,000	571,000	891,000	947,000	1,035,000	1,122,000	947,000	1,263,000	1,260,000
changes in operating assets and liabilities, net of acquisitions	-29,080,000	-25,646,000	-584,000		3,920,000	-15,136,000	16,587,000		-29,548,000	-2,610,000	-45,245,000		-30,550,000	-39,471,000	-72,071,000		-45,070,000	-40,662,000	-20,404,000		-18,431,000	27,446,000	24,559,000		13,066,000	-2,978,000	-8,682,000						-26,635,000				-9,123,000	-30,087,000	2,835,000		22,859,000	-15,576,000	-23,514,000		-2,738,000	-21,972,000	-58,891,000		-23,455,000				2,979,000										-24,301,000		37,374,000	27,926,000	31,779,000		6,022,000	-41,344,000	20,458,000		-16,884,000	-5,690,000	457,000
other	8,385,000	8,967,000	751,000	1,423,000	-954,000	-1,612,000	1,516,000	1,647,000	-336,000	-3,451,000	831,000	3,754,000	-3,640,000	440,000	591,000	-14,138,000	12,903,000	424,000	-941,000		-9,990,000	-9,736,000	6,051,000		-9,962,000	2,493,000	2,612,000		-3,016,000	121,000	-1,553,000		-403,000	-91,000	430,000	-749,000	365,000	-740,000	1,227,000		1,646,000	-565,000	2,016,000		404,000	733,000	374,000		-3,327,000	186,000	312,000		-441,000	-505,000	353,000		1,531,000	1,577,000	256,000	-1,532,000	2,135,000	802,000	317,000		-31,000	404,000	127,000	84,000	-2,622,000			2,382,000	0	-74,000	-4,000	-73,000
net cash from operating activities	100,110,000	99,659,000	119,317,000		122,453,000	95,137,000	127,747,000		84,192,000	101,758,000	66,209,000		75,204,000	62,880,000	25,943,000		52,559,000	32,622,000	48,642,000		44,053,000	77,514,000	81,842,000		64,725,000	54,881,000	50,018,000		11,586,000	53,783,000	11,797,000		26,694,000	11,744,000	9,440,000		32,848,000	3,794,000	41,864,000		57,416,000	18,355,000	14,588,000		38,139,000	19,274,000	-18,101,000		11,663,000	15,707,000	16,956,000	42,341,000	40,170,000	4,939,000	23,947,000	28,451,000	31,755,000	13,815,000	16,401,000	12,860,000	44,016,000	15,450,000	4,516,000	28,304,000	60,357,000	45,414,000	50,249,000	26,801,000	22,031,000	-16,417,000	48,885,000	48,353,000	11,259,000	21,766,000	28,925,000	39,270,000	27,766,000	-12,231,000	16,120,000
cash flows from investing activities
net cash paid for acquisitions, net of cash acquired	-9,000,000	-145,000	-2,280,000				-10,498,000				-21,440,000								-7,094,000
capital expenditures	-4,734,000	-6,277,000	-7,301,000		-7,549,000	-5,197,000	-5,549,000		-7,491,000	-5,523,000	-4,340,000		-7,992,000	-7,263,000	-5,554,000		-4,164,000	-3,889,000	-3,621,000		-3,728,000	0	0		0	0	0		0	0	0		0	0	0		0	0	0		0	0	0		0	0	0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows	95,376,000	93,382,000	112,016,000		114,904,000	89,940,000	122,198,000		76,701,000	96,235,000	61,869,000		67,212,000	55,617,000	20,389,000		48,395,000	28,733,000	45,021,000		40,325,000	77,514,000	81,842,000		64,725,000	54,881,000	50,018,000		11,586,000	53,783,000	11,797,000		26,694,000	11,744,000	9,440,000		32,848,000	3,794,000	41,864,000		57,416,000	18,355,000	14,588,000		38,139,000	19,274,000	-18,101,000		11,663,000	15,707,000	16,956,000	42,341,000	40,170,000	4,939,000	23,947,000	28,451,000	31,755,000	13,815,000	16,401,000	12,860,000	44,016,000	15,450,000	4,516,000	28,304,000	60,357,000	45,414,000	50,249,000	26,801,000	22,031,000	-16,417,000	48,885,000	48,353,000	11,259,000	21,766,000	28,925,000	39,270,000	27,766,000	-12,231,000	16,120,000
proceeds from property sales	344,000	607,000	35,000	819,000	100,000	91,000	831,000	62,000	43,000	348,000	123,000	1,202,000	98,000	72,000	56,000	613,000	52,000	394,000	48,000	461,000	399,000	99,000	193,000	139,000	1,484,000	237,000	88,000	354,000	405,000	167,000	77,000	264,000	118,000	313,000	283,000	200,000	76,000	901,000	1,747,000	231,000	178,000	81,000	113,000	1,481,000	264,000	184,000	3,000	529,000	24,000	141,000	183,000	242,000	308,000	186,000	243,000	49,000	228,000	344,000	637,000	247,000	955,000	83,000	41,000	89,000	22,000	381,000	40,000	341,000	93,000	14,000	309,000	-509,000	268,000	588,000	1,025,000	276,000	605,000	289,000	105,000
net cash from investing activities	-13,390,000	-5,815,000	-9,546,000		-7,619,000	-267,750,000	-15,216,000		-7,448,000	-5,175,000	-25,657,000		-18,045,000	-32,707,000	-5,498,000		-953,000	-3,375,000	-25,502,000		-2,274,000	-35,831,000	-3,404,000		-3,621,000	-7,469,000	-40,561,000		-34,836,000	-10,265,000	-3,096,000		-779,455,000	-4,811,000	-11,067,000		-7,779,000	-2,810,000	-1,252,000		-36,418,000	-14,544,000	-14,249,000		-3,772,000	-40,358,000	-132,907,000		-2,342,000	-19,414,000	-1,388,000		-4,221,000	-33,411,000	-39,058,000		-17,101,000	-6,536,000	-7,746,000	-6,503,000	35,000	-12,890,000	-28,529,000	-2,964,000	-1,190,000	-1,380,000	-1,250,000	-1,299,000	-1,170,000	-7,471,000	-168,490,000	-11,406,000	-3,545,000	-11,253,000	-635,000	-2,864,000	-866,000	-3,422,000	-3,067,000
cash flows from financing activities
net payments under revolving credit facility
long-term debt repayments				0	0	-25,043,000	-63,000	-63,000	-63,000	-25,063,000	-62,000	-62,000	-62,000	-62,000	-40,061,000	-61,000	-61,000	-540,560,000	-9,811,000	-49,813,000	-9,810,000	-9,810,000	-62,450,000		-4,935,000	-29,934,000	-4,934,000		-4,935,000	-4,934,000	-146,934,000		-118,809,000	-840,000	-839,000		-819,000	-857,000	-838,000		-820,000	-96,325,000	-681,000		-677,000	-907,000	-690,000														0
interest rate swap settlement receipts	682,000	2,385,000	2,698,000	2,660,000	2,638,000	3,059,000	3,738,000	3,631,000	3,645,000	3,636,000	3,558,000	3,299,000	2,817,000	2,390,000	294,000
payment of debt issuance costs	0															0	-162,000			0					-6,000				-90,000	0	-685,000
purchases of treasury shares	-92,978,000	-90,226,000	-53,175,000	-73,043,000	-49,710,000	-20,104,000	-9,980,000	-44,513,000	-18,198,000			0	0	0	-716,000	-180,000	-3,540,000	-3,527,000	-6,537,000														0	-9,017,000	-13,761,000		-2,764,000	-2,430,000	-3,048,000		-9,697,000	-9,811,000	-17,956,000		-37,386,000	-11,449,000	-10,400,000		-10,154,000	-10,837,000	-3,001,000						0	-812,000	-18,178,000	-1,594,000				-1,191,000				0	0			0	-12,205,000			0	-21,579,000	0	-12,409,000
dividends paid	-19,004,000	-17,340,000	-17,383,000	-17,543,000	-17,690,000	-14,251,000	-14,218,000	-14,355,000	-14,369,000	-13,604,000	-13,551,000	-13,617,000	-13,570,000	-13,159,000	-13,100,000	-13,193,000	-13,147,000	-12,753,000	-12,712,000	-12,892,000	-12,873,000	-12,484,000	-12,415,000		-12,418,000	-12,017,000	-11,985,000		-11,979,000	-11,941,000	-11,334,000		-11,619,000	-11,244,000	-11,327,000		-11,343,000	-10,950,000	-10,943,000		-10,973,000	-10,624,000	-10,745,000		-11,065,000	-10,340,000	-10,402,000		-10,490,000	-9,725,000	-9,746,000		-9,731,000	-8,870,000	-8,867,000		-8,862,000	-7,978,000	-8,099,000	-8,102,000	-7,227,000	-7,216,000	-7,206,000	-6,362,000	-6,355,000	-6,348,000	-6,351,000	-6,341,000	-6,338,000	-6,351,000	-6,348,000	-6,346,000	-6,404,000	-6,505,000	-6,473,000	-5,171,000	-5,244,000	-5,258,000	-5,297,000
acquisition holdback payments	-183,000	0	-1,210,000	0	0	0	-1,210,000	0	0	-119,000	-562,000	0	0	-850,000	-660,000	0	-1,291,000	-935,000	-135,000	-1,000	-1,206,000	-617,000	-521,000		-1,663,000	-576,000	-201,000		-334,000	-2,056,000	-219,000		1,000	0	-319,000		-625,000	-2,625,000	-4,444,000		-44,000	-2,757,000	-7,857,000		-708,000				-792,000	-426,000	-606,000		-1,731,000	-1,085,000	-760,000
taxes paid for shares withheld	-1,621,000	-1,696,000	-9,495,000																														-200,000				-1,292,000
net cash from financing activities	-320,103,000	-108,489,000	-78,565,000		-66,057,000	-57,062,000	-34,047,000		-31,945,000	-46,748,000	-22,483,000		-42,389,000	-13,619,000	-55,518,000		-19,923,000	-121,463,000	-31,980,000		-26,280,000	-27,071,000	-77,183,000		-19,638,000	-17,447,000	-18,874,000		-9,549,000	-19,046,000	-6,875,000		710,580,000	1,657,000	-27,302,000		-21,732,000	5,131,000	-42,152,000		-15,656,000	-11,145,000	-2,298,000		-9,095,000	3,490,000	133,302,000		-5,970,000	-5,350,000	-11,837,000		-44,204,000	23,799,000	-8,423,000		-6,998,000	-8,300,000	-26,044,000	-4,358,000	-11,107,000	-44,387,000	-56,671,000	-5,978,000	-7,293,000	-6,311,000	-10,932,000	-50,709,000	-18,382,000	20,492,000	77,101,000	-5,532,000	-17,705,000	-76,029,000	-4,261,000	-3,660,000	-25,866,000	-1,725,000	-17,159,000
effect of exchange rate changes on cash	-1,027,000	1,915,000	-907,000	5,135,000	624,000	-5,404,000	-581,000	-2,731,000	-1,121,000	2,605,000	-1,690,000	1,915,000	1,819,000	1,409,000	-1,826,000	-1,866,000	1,558,000	-254,000	-1,592,000	1,365,000	-258,000	3,103,000	1,254,000		-4,151,000	-20,000	-598,000	391,000	339,000	-1,053,000	432,000		380,000	-1,035,000	1,641,000	1,280,000	1,119,000	-1,280,000	-299,000			-998,000	-3,545,000			-1,255,000	-1,450,000		-849,000	-1,236,000	-18,000	-928,000	-507,000	-155,000	1,765,000		1,240,000	-1,685,000	-485,000	534,000	1,700,000	1,149,000	-500,000	149,000	189,000	793,000	-22,000	4,633,000	-883,000	-6,733,000	-2,577,000	-165,000	576,000	1,857,000	-40,000	1,901,000	-426,000	-488,000	-46,000
decrease in cash and cash equivalents													16,589,000	17,963,000	-36,899,000																				-27,288,000				-1,839,000		7,298,000	-8,332,000	-5,504,000		21,981,000				2,502,000				-8,762,000	-4,828,000	-21,769,000		8,896,000	-2,706,000	-17,874,000										1,596,000				-9,415,000				608,000	-17,866,000	-4,152,000
cash and cash equivalents at beginning of period	0	0	388,417,000		0	0	460,617,000		0	0	344,036,000		0	0	184,474,000		0	0	257,745,000		0	0	268,551,000		0	0	108,219,000		0	0	54,150,000		0	0	105,057,000		0	0	59,861,000		0	0	69,470,000		0	0	71,189,000		0	0	73,164,000		0	0	78,442,000		0	0	91,092,000		0	0	175,777,000		0	0	27,642,000		0	0	101,830,000		0	0	119,665,000		0	0	106,428,000
cash and cash equivalents at end of period	-234,410,000	-12,730,000	418,716,000		49,401,000	-235,079,000	538,520,000		43,678,000	52,440,000	360,415,000		16,589,000	17,963,000	147,575,000		33,241,000	-92,470,000	247,313,000		15,241,000	17,715,000	271,060,000		37,315,000	29,945,000	98,204,000		-32,460,000	23,419,000	56,408,000		-41,801,000	7,555,000	77,769,000		4,456,000	4,835,000	58,022,000		7,298,000	-8,332,000	63,966,000		21,981,000	-18,849,000	52,033,000		2,502,000	-10,293,000	76,877,000		-8,762,000	-4,828,000	56,673,000		8,896,000	-2,706,000	73,218,000		34,644,000	-40,678,000	94,593,000		52,063,000	38,516,000	65,687,000		1,596,000	-10,129,000	56,749,000		-9,415,000	-63,659,000	143,654,000		608,000	-17,866,000	102,276,000
(recovery of) provision for losses on accounts receivable		1,431,000	-1,671,000
exercise of stock appreciation rights and options								0	0					1,000	126,000
increase in cash and cash equivalents		-12,730,000	30,299,000	35,575,000	49,401,000	-235,079,000	77,903,000	4,084,000	43,678,000	52,440,000	16,379,000					-3,610,000	33,241,000	-92,470,000	-10,432,000	-46,271,000	15,241,000	17,715,000	2,509,000	103,087,000	37,315,000	29,945,000	-10,015,000			23,419,000	2,258,000		-41,801,000			37,744,000	4,456,000										-19,156,000				3,713,000									2,533,000	34,644,000	-40,678,000	-81,184,000	19,511,000	52,063,000	38,516,000	38,045,000				-45,081,000				23,989,000
deferred income taxes
provision for (recoveries of) losses on accounts receivable
changes in operating assets and liabilities, net of acquisitions:
accounts receivable
inventories
other operating assets
accounts payable
other operating liabilities
cash from operating activities
cash paid for acquisition of businesses, net of cash acquired
life insurance proceeds																-1,000
cash from investing activities
repayments under revolving credit facility																																																													0	0	-50,000,000
borrowings under revolving credit facility																																									5,000,000	-17,000,000	35,000,000		41,000,000	-24,000,000	34,000,000		15,000,000
cash from financing activities
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
supplemental cash flow information
cash paid during the year for:
income taxes
interest
acquisition of businesses, net of cash acquired					-170,000				0				-10,151,000				0				1,055,000				-847,000	-687,000	-35,703,000		-30,626,000				-773,135,000	0	-5,014,000						-32,892,000	-12,000,000	-11,250,000		-833,000	-35,836,000	-129,810,000
taxes paid for shares withheld for equity awards					-1,295,000	-723,000	-12,314,000		-2,960,000	-1,048,000	-11,866,000		-4,574,000	-1,939,000	-1,401,000		-312,000	-2,952,000	-1,141,000		-419,000	-3,774,000	-1,797,000		-616,000	-234,000	-1,754,000		-53,000	-115,000	-3,203,000				-1,056,000				-987,000
amortization of stock appreciation rights and options							1,326,000	878,000	860,000	866,000	844,000			447,000	1,424,000
(recoveries of) provision for losses on accounts receivable
cash payments for loans on company-owned life insurance																0	0	0	-14,835,000
net repayments under revolving credit facility																															-19,500,000
impairment expense																				0
net borrowings under revolving credit facility																-32,000,000	0																64,500,000
borrowings under long-term debt facilities
amortization of stock options and appreciation rights																	381,000	609,000	1,907,000		602,000	635,000	693,000		723,000	721,000	773,000		574,000	606,000	651,000		466,000	436,000	577,000		353,000	371,000	809,000		302,000	309,000	630,000		556,000	248,000	577,000		772,000	295,000	636,000		762,000	388,000	809,000		671,000	506,000	633,000	304,000	600,000	310,000	1,259,000	376,000
net (repayments) borrowings under revolving credit facility																													19,000,000										-22,000,000
exercise of stock options and appreciation rights																	108,000				0				0												111,000	87,000	108,000						112,000				-2,000				1,000	461,000	36,000		170,000	70,000	84,000	184,000	139,000	195,000	143,000	466,000	668,000	9,000	196,000
interest rate swap settlement payments																-891,000	-1,518,000	-1,650,000	-1,644,000	-1,615,000	-1,573,000
unrealized foreign exchange transaction losses
gain on sale of property																									-1,109,000				-153,000				87,000	-135,000	-198,000																		-30,000	-76,000	-117,000		-134,000	-106,000	-386,000	-78,000	-667,000			-94,000	12,000			-105,000	-6,000	-5,000	-204,000	-22,000	-97,000	-343,000	-752,000	15,000	-103,000	-224,000	-22,000
long-term debt borrowings																									0				0	0	175,000,000										0				-3,000	50,003,000	120,238,000
intangible and other impairment
property purchases																							-3,597,000		-4,258,000	-7,019,000	-4,946,000		-4,615,000	-3,923,000	-3,173,000		-6,438,000	-5,124,000	-6,336,000		-5,077,000	-3,711,000	-2,999,000		-3,704,000	-2,625,000	-3,112,000		-3,203,000	-4,706,000	-3,100,000		-2,366,000	-2,555,000	-1,571,000		-2,993,000	-2,951,000	-3,892,000		-4,273,000	-6,880,000	-7,142,000	-3,985,000	-2,642,000	-12,931,000	-873,000	-3,053,000	-1,212,000	-1,661,000	-1,290,000	-1,611,000	-1,112,000	-2,588,000	-1,677,000	-2,302,000	-2,359,000	-2,093,000	-1,656,000	-3,067,000	-2,768,000	-2,837,000	-2,520,000
goodwill & intangible impairment																								0
unrealized foreign exchange transactions loss																									-2,907,000								170,000	-9,000	-601,000		227,000	24,000	248,000		429,000	-369,000	434,000		0	-218,000	-572,000
intangible impairment																												0
unrealized foreign exchange transactions gain																													195,000																					370,000	-291,000				-286,000
changes in operating assets and liabilities, net of acquisition																														-2,738,000	-53,184,000				-35,025,000
goodwill impairment																																								0
loss on sale of property																																					41,000	-513,000	-1,068,000	62,000	224,000	-39,000	90,000				-5,000				35,000																31,000
net borrowings (repayments) under revolving credit facility, classified as long term
debt issuance costs
excess tax benefits from share-based compensation																																												504,000	-368,000	350,000	556,000	149,000	468,000	541,000	1,516,000	848,000	257,000	293,000	1,168,000	1,432,000	1,694,000	420,000	149,000	5,154,000	472,000	386,000	392,000	1,109,000	1,132,000	28,000	223,000	494,000	47,000	23,000	238,000	608,000	545,000	1,228,000	1,380,000	1,171,000	584,000	1,913,000	217,000
net cash paid for acquisition of businesses, net of cash acquired																																																	0				-1,536,000	-30,646,000	-35,409,000		-13,056,000	0	-1,241,000		0	-42,000	-27,697,000		0				-151,000	-4,897,000	-167,122,000
net repayments under revolving credit facility, classified as long term
deferred financing costs
tax shortfall from share-based compensation
shares issued for deferred compensation plans
net (repayments) borrowings under revolving credit facility, classified as long term
effect of exchange rate changes on cash and cash equivalents
excess tax (shortfall) benefits from share-based compensation																																											-59,000
net cash paid for acquisition of businesses, net of cash acquired of 0, 1,369, and 0 in 2015, 2014 and 2013, respectively
borrowings under long term debt facilities
long term debt repayments
net cash paid for acquisition of businesses, net of cash acquired of 1,369, 0 and 38 in 2014, 2013 and 2012, respectively
net borrowings under revolving credit facility classified as long term
long term debt repayment
(decrease) in cash and cash equivalents
changes in assets and liabilities, net of acquisitions																																																			-18,014,000				-13,456,000		-6,379,000	-15,875,000	-17,371,000		8,659,000
net cash paid for acquisition of businesses, net of cash acquired of 0, 38 and 168 in 2013, 2012 and 2011, respectively
long-term debt repayment																																																																								0	0
settlements of cross-currency swap agreements
changes in assets and liabilities, net of acquisitions:
net cash paid for acquisition of businesses, net of cash acquired of 38 and 168 in 2012 and 2011, respectively
non-cash investing activities:
property purchases, unpaid at september 30																																																															10,000,000
benefit from losses on accounts receivable
unrealized foreign exchange transaction (gains) losses
net cash paid for acquisition of businesses, net of cash acquired of 168 and 185 in 2011 and 2009, respectively
net short-term (repayments) borrowings under revolving credit facility																																																																0	0	0	-5,000,000
(repayments) borrowings under revolving credit facility originally classified as long-term
depreciation																																																													2,970,000	2,783,000	2,713,000	2,852,000	2,843,000	2,841,000	2,929,000	3,114,000	3,349,000	3,257,000	3,016,000	3,695,000	3,002,000	3,021,000	3,058,000	3,281,000	3,601,000	3,257,000	3,350,000
other share-based compensation
settlements of cross currency swap agreements																																																													0
treasury shares contributed to employee benefit, deferred compensation and other share-based compensation plans																																																														1,114,000	996,000
(gain) loss on sale of property																																																															-10,000
amortization of gain on interest rate swap terminations
net cash paid for acquisition of businesses, net of cash acquired of 185 and 2,355 in 2009 and 2008, respectively
borrowings under revolving credit facility classified as long-term																																																																				0	0	0	50,000,000
treasury shares contributed to employee benefit and deferred compensation plans and other share-based compensation
share-based compensation																																																																		1,265,000	1,633,000	510,000	838,000	1,363,000	1,381,000
treasury shares contributed to employee benefit and deferred compensation plans																																																																		67,000	87,000	74,000	73,000	117,000	146,000	129,000	142,000	117,000	424,000	143,000	248,000	163,000	1,367,000
net short-term borrowings under revolving credit facility																																																																				-45,000,000	-11,000,000	28,000,000	33,000,000
exercise of stock options																																																																					28,000	30,000	211,000	206,000	359,000	267,000	832,000	340,000	373,000	1,620,000	330,000
other — net																																																																							151,000		189,000	613,000	-175,000		-1,824,000	207,000	-75,000
net cash paid for acquisition of businesses, net of cash acquired of 2,355 and 968 in 2008 and 2006, respectively
share-based compensation and amortization of intangibles																																																																									1,312,000	1,081,000	1,456,000
net cash paid for acquisition of businesses																																																																									-1,454,000
adjustments to reconcile net income to cash from operating activities:
stock-based compensation
accrued expenses
net cash paid for acquisition of businesses, net of cash acquired of 968 in 2006
stock based compensation and amortization of intangibles and other assets																																																																													1,283,000
changes in operating assets and liabilities, net of effects from acquisition of business																																																																													2,864,000	-35,321,000	-11,104,000
deposits and other																																																																														-874,000	-652,000
share-based compensation and amortization of intangibles and other assets																																																																															1,487,000

Applied Industrial Technologies, Inc(NYSE:AIT)

Applied Industrial Technologies, Inc
(NYSE:AIT)