Griffon Corporation
(NYSE:GFF)

Griffon Corporation, through its subsidiaries, engages in the consumer and professional products, home and building products, and defense electronics businesses primarily in the United States, Europe, Canada, Australia, the United Kingdom, Mexico, and China. Its Consumer and Professional Products se...

Website: http://www.griffon.com

Founded: 1959

Full Time Employees: 7,400

Sector: Industrials

Industry: Tools & Accessories

Industrials

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At a glance:

Bull Thesis:

Bear Thesis:

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Moat:

Income 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	2010-06-30	2010-03-31	2009-12-31	2009-06-30	2009-03-31	2008-12-31	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2003-09-30

revenue	421,860,000	649,088,000	662,182,000	613,627,000	611,746,000	632,371,000	659,673,000	647,814,000	672,880,000	643,153,000	641,385,000	683,430,000	710,984,000	649,384,000	708,943,000	768,179,000	779,617,000	591,749,000	379,711,000	646,792,000	634,832,000	609,291,000	660,673,000	632,061,000	566,350,000	548,438,000	574,164,000	574,970,000	549,633,000	510,522,000	545,505,000	516,550,000	478,560,000	437,303,000	88,813,000	473,320,000	495,764,000	467,100,000	500,705,000	462,200,000	500,107,000	494,149,000	502,158,000	511,694,000	500,020,000	502,160,000	525,627,000	505,039,000	507,687,000	453,458,000	449,009,000	509,826,000	488,743,000	423,749,000	447,436,000	480,246,000	482,431,000	451,031,000	-1,343,982,198	455,282,000	476,129,000	414,402,000	327,026,000	313,977,000	305,157,000
yoy	-31.04%	2.64%	0.38%	-5.28%	-9.09%	-1.68%	2.85%	-5.21%	-5.36%	-0.96%	-9.53%	-11.03%	-8.80%	9.74%	86.71%	18.77%	22.81%	-2.88%	-42.53%	2.33%	12.09%	11.10%	15.07%	9.93%	3.04%	7.43%	5.25%	11.31%	14.85%	16.74%	514.22%	9.13%	-3.47%	-6.38%	-82.26%	2.41%	-0.87%	-5.47%	-0.29%	-9.67%	0.02%	-1.60%	-4.46%	1.32%	-1.51%	10.74%	17.06%	-0.94%	3.88%	7.01%	0.35%	6.16%	1.31%	-6.05%	-133.29%	5.48%	1.32%	8.84%	-510.97%	45.00%	56.03%
qoq	-35.01%	-1.98%	7.91%	0.31%	-3.26%	-4.14%	1.83%	-3.73%	4.62%	0.28%	-6.15%	-3.88%	9.49%	-8.40%	-7.71%	-1.47%	31.75%	55.84%	-41.29%	1.88%	4.19%	-7.78%	4.53%	11.60%	3.27%	-4.48%	-0.14%	4.61%	7.66%	-6.41%	5.61%	7.94%	9.43%	392.39%	-81.24%	-4.53%	6.14%	-6.71%	8.33%	-7.58%	1.21%	-1.59%	-1.86%	2.33%	-0.43%	-4.46%	4.08%	-0.52%	11.96%	0.99%	-11.93%	4.31%	15.34%	-5.29%	-6.83%	-0.45%	6.96%	-133.56%	-395.20%	-4.38%	14.90%	26.72%	4.16%	2.89%
cost of goods and services	229,871,000	382,323,000	385,912,000	348,379,000	359,535,000	368,095,000	396,193,000	398,665,000	402,215,000	406,512,000	395,505,000	408,806,000	516,492,000	415,559,000	459,143,000	507,578,000	518,974,000	425,907,000	249,151,000	476,727,000	464,516,000	439,119,000	486,203,000	467,058,000	414,318,000	398,517,000	413,928,000	420,487,000	412,129,000	367,476,000	397,054,000	377,758,000	357,087,000	316,459,000	28,331,000	357,363,000	380,215,000	350,972,000	376,890,000	342,843,000	385,950,000	378,044,000	382,233,000	388,205,000	385,645,000	384,171,000	400,025,000	386,732,000	397,700,000	347,955,000	342,902,000	401,515,000	383,246,000	326,079,000	349,785,000	364,601,000	379,630,000	348,323,000	-1,056,204,659	356,113,000	374,986,000	326,543,000	252,671,000	244,907,000	234,876,000
gross profit	191,989,000	266,765,000	276,270,000	265,248,000	252,211,000	264,276,000	263,480,000	249,149,000	270,665,000	236,641,000	245,880,000	274,624,000	194,492,000	233,825,000	249,800,000	260,601,000	260,643,000	165,842,000	130,560,000	170,065,000	170,316,000	170,172,000	174,470,000	165,003,000	152,032,000	149,921,000	160,236,000	154,483,000	137,504,000	143,046,000	148,451,000	138,792,000	121,473,000	120,844,000	60,482,000	115,957,000	115,549,000	116,128,000	123,815,000	119,357,000	114,157,000	116,105,000	119,925,000	123,489,000	114,375,000	117,989,000	125,602,000	118,307,000	109,987,000	105,503,000	106,107,000	108,311,000	105,497,000	97,670,000	97,651,000	115,645,000	102,801,000	102,708,000	-287,777,539	99,169,000	101,143,000	87,859,000	74,355,000	69,070,000	70,281,000	66,286,000	53,975,000	58,957,000	73,380,000	63,564,000	77,193,000	66,081,750	89,605,000	81,518,000	93,204,000	71,925,000	108,278,000	90,253,000	89,169,000				90,292,000
yoy	-23.88%	0.94%	4.85%	6.46%	-6.82%	11.68%	7.16%	-9.28%	39.17%	1.20%	-1.57%	5.38%	-25.38%	40.99%	91.33%	53.24%	53.03%	-2.54%	-25.17%	3.07%	12.03%	13.51%	8.88%	6.81%	10.57%	4.81%	7.94%	11.31%	13.20%	18.37%	145.45%	19.69%	5.13%	4.06%	-51.15%	-2.85%	1.22%	0.02%	3.24%	-3.35%	-0.19%	-1.60%	-4.52%	4.38%	3.99%	11.83%	18.37%	9.23%	4.26%	8.02%	8.66%	-6.34%	2.62%	-4.91%	-133.93%	16.61%	1.64%	16.90%	-487.03%	43.58%	43.91%	32.55%	37.76%	17.15%	-4.22%	4.28%	-30.08%	-10.78%	-18.11%	-22.02%	-17.18%	-8.12%	-17.25%	-9.68%	4.53%				-1.24%
qoq	-28.03%	-3.44%	4.16%	5.17%	-4.57%	0.30%	5.75%	-7.95%	14.38%	-3.76%	-10.47%	41.20%	-16.82%	-6.40%	-4.14%	-0.02%	57.16%	27.02%	-23.23%	-0.15%	0.08%	-2.46%	5.74%	8.53%	1.41%	-6.44%	3.72%	12.35%	-3.87%	-3.64%	6.96%	14.26%	0.52%	99.80%	-47.84%	0.35%	-0.50%	-6.21%	3.74%	4.56%	-1.68%	-3.19%	-2.89%	7.97%	-3.06%	-6.06%	6.17%	7.56%	4.25%	-0.57%	-2.03%	2.67%	8.01%	0.02%	-15.56%	12.49%	0.09%	-135.69%	-390.19%	-1.95%	15.12%	18.16%	7.65%	-1.72%	6.03%	22.81%	-8.45%	-19.66%	15.44%	-17.66%	16.81%	-26.25%	9.92%	-12.54%	29.58%	-33.57%	19.97%	1.22%
gross margin %	45.51%	41.10%	41.72%	43.23%	41.23%	41.79%	39.94%	38.46%	40.22%	36.79%	38.34%	40.18%	27.36%	36.01%	35.24%	33.92%	33.43%	28.03%	34.38%	26.29%	26.83%	27.93%	26.41%	26.11%	26.84%	27.34%	27.91%	26.87%	25.02%	28.02%	27.21%	26.87%	25.38%	27.63%	68.10%	24.50%	23.31%	24.86%	24.73%	25.82%	22.83%	23.50%	23.88%	24.13%	22.87%	23.50%	23.90%	23.43%	21.66%	23.27%	23.63%	21.24%	21.59%	23.05%	21.82%	24.08%	21.31%	22.77%	21.41%	21.78%	21.24%	21.20%	22.74%	22.00%	23.03%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	Infinity%
selling, general and administrative expenses	104,643,000	153,406,000	157,251,000	147,637,000	151,047,000	152,181,000	151,808,000	159,810,000	157,217,000	152,803,000	157,274,000	172,439,000	160,301,000	152,720,000	166,349,000	157,387,000	157,838,000	127,352,000	96,567,000	125,579,000	126,827,000	121,557,000	128,624,000	113,509,000	126,467,000	117,798,000	116,478,000	117,989,000	111,783,000	113,754,000	109,334,000	114,294,000	103,675,000	105,807,000	66,117,000	90,740,000	92,489,000	89,743,000	92,262,000	88,880,000	91,586,000	91,299,000	91,724,000	95,575,000	93,566,000	93,896,000	101,662,000	96,135,000	89,622,000	87,680,000	85,846,000	86,345,000	86,059,000	82,219,000	85,035,000	87,443,000	86,152,000	83,066,000	-246,522,631	82,045,000	84,363,000	80,445,000	61,650,000	64,055,000	61,961,000		55,545,000	56,528,000	62,739,000	71,968,000	78,400,000	59,226,500	80,663,000	79,103,000	77,140,000	82,421,000	80,341,000	78,710,000	75,224,000				70,458,000
income from continuing operations	87,346,000										161,235,000	49,205,000	-62,255,000	48,702,000	-316,713,000	52,782,000	58,571,000	16,905,000					121,690,000	21,831,000	895,000		105,894,000	14,128,000	6,490,000	8,753,000	64,226,000	7,442,000	1,951,000	22,831,000																									10,801,569	4,872,000	-14,001,000	-30	4,989,000	2,034,000	4,180,000	120
other income
interest expense	-21,137,000	-22,104,000	-23,058,000	-24,137,000	-23,930,000	-24,887,000	-25,614,000	-27,024,000	-26,149,000	-25,299,000	-26,277,000	-25,641,000	-24,879,000	-24,648,000	-23,268,000	-24,022,000	-21,408,000	-15,681,000	-15,805,000	-15,849,000	-15,831,000	-15,690,000	-16,737,000	-16,725,000	-16,871,000	-16,211,000	-16,732,000	-17,288,000	-17,517,000	-16,529,000	-15,595,000	-16,328,000	-16,806,000	-16,839,000	-12,766,000	-12,729,000	-12,645,000	-13,373,000	-13,800,000	-13,039,000	-12,392,000	-12,023,000	-12,238,000	-12,169,000	-12,012,000	-11,754,000	-11,263,000	-11,661,000	-12,389,000	-13,134,000	-13,074,000	-13,279,000	-13,060,000	-13,107,000	-13,007,000	-12,932,000	-13,005,000	-13,063,000	35,063,154	-12,569,000	-11,319,000											-2,304,250	-3,221,000	-3,052,000	-2,944,000	-1,928,750	-2,572,000
interest income	4,000	357,000	472,000	569,000	708,000	406,000	604,000	769,000	637,000	424,000	1,320,000	434,000	236,000	104,000	89,000	61,000	32,000	33,000	41,000	50,000	304,000	45,000	42,000	140,000	310,000	261,000	195,000	201,000	212,000	198,000	206,000	532,000	762,000	197,000	18,000	17,000	23,000	6,000	9,000	79,000	44,000	11,000	10,000	19,000	155,000	117,000	122,000	120,000	28,000	33,000	32,000	142,000	151,000	28,000	67,000	77,000	86,000	63,000	-271,602	106,000	97,000	69,000	81,000	192,000	62,000	343,000	231,000	518,000	276,000	599,000	885,000	476,250	533,000	752,000	620,000	449,000	423,000	418,000	490,000				583,000
loss from debt extinguishment		-556,000					-425,000	-1,700,000																-1,235,000	-6,690,000																								-38,890,000
other	-1,238,000	-1,090,000	4,081,000	247,000	512,000	1,832,000	158,000	350,000	626,000	632,000	553,000	1,475,000	293,000	607,000	2,353,000	2,084,000	1,675,000	1,381,000	2,139,000	386,000	847,000	-41,000	-754,000	806,000	615,000	778,000	922,000	979,000	1,268,000	1,004,000	-35,000	300,000	1,434,000	-468,000	296,000	-935,000	-199,000	-42,000	456,000	142,000	-385,000	555,000	770,000	929,000	-757,000	-451,000	-1,156,000	2,621,000	783,000	906,000	1,131,000	607,000	422,000	486,000	513,000	-354,000	1,029,000	47,000	-3,403,286	145,000	1,177,000	2,085,000		589,000	627,000	1,174,000			946,000	802,000	844,000	586,750	1,147,000	582,000	618,000	189,000	1,155,000	2,072,000					1,246,000
total other expense	-22,371,000	-23,393,000	-15,100,250	-23,199,000	-22,527,000	-14,675,000	-19,225,250	-28,330,000	-24,875,000	-23,696,000	-15,291,750	-23,732,000	-24,350,000	-13,085,000	-15,436,000	-27,164,000	-19,701,000	-14,267,000	-10,122,000	-15,413,000	-15,629,000	-9,446,000	-13,705,500	-17,014,000	-22,636,000	-15,172,000	-11,868,000	-16,108,000	-16,037,000				-14,610,000		-9,969,250	-13,647,000	-12,821,000		-9,252,000	-12,818,000		-11,457,000	-8,980,750	-11,221,000	-12,614,000				-50,468,000	-12,195,000
income before taxes from continuing operations	64,975,000										56,368,000	78,453,000	-90,159,000	68,020,000	-453,644,000	76,050,000	83,104,000	24,223,000					28,397,000	34,480,000	2,929,000		28,143,000	20,386,000	9,684,000	13,965,000	23,693,000	9,002,000	3,188,000	-2,073,000
provision for income taxes from continuing operations	18,038,000
discontinued operations:
income from operations of discontinued operations	-37,770,000														29,444,250	113,457,000	694,000	3,014,000									-2,750,000		-11,000,000		31,160,500	-200,000	113,376,000	11,466,000
provision for income taxes	-10,151,000	25,579,000	56,878,000	-29,061,000	21,875,000	26,569,000	24,435,000	19,923,000	24,430,000	17,965,000	14,403,000	29,248,000	-27,904,000	19,318,000	-38,283,000	23,268,000	24,533,000	7,318,000	7,157,000	12,366,000	10,748,000	9,669,000	8,306,000	12,649,000			29,377,000	533,000	-3,354,000				25,047,000		1,980,750	2,017,000	5,194,000		3,164,750	4,163,000		4,753,000	5,940,000	5,800,000	3,073,000					1,550,000	3,688,000	4,229,000	-1,566,000	1,192,000
income from discontinued operations	-27,619,000														-1,471,000	87,505,000	7,118,000	2,393,000									-156,000	-533,000	-7,646,000		-2,449,000	-1,615,000	88,329,000	8,158,000																															111,000		649,000	3,000
net income	19,318,000	64,387,000	43,636,000	-120,139,000	56,762,000	70,851,000	62,491,000	41,086,000	64,143,000	42,177,000	41,965,000	49,205,000	-62,255,000	48,702,000	-416,832,000	140,287,000	65,689,000	19,298,000	15,892,000	16,707,000	17,112,000	29,500,000	20,091,000	21,831,000	895,000	10,612,000	16,095,000	13,595,000	-1,156,000	8,753,000	-1,418,000	5,827,000	90,280,000	30,989,000	-11,950,000	9,553,000	5,045,000	12,264,000	7,723,000	7,596,000	6,095,000	8,596,000	10,803,000	10,893,000	5,122,000	7,471,000	7,948,000	14,464,000	-25,825,000	3,236,000	425,000	3,603,000	-819,000	558,000	3,448,000	9,048,000	2,027,000	2,487,000	10,801,569	4,872,000	-14,001,000	-1,680,000	4,968,000	2,033,000	4,291,000	6,941,000	-854,000	4,274,000	-9,800,000	-21,370,000	-1,355,000	3,279,250	4,397,000	255,000	8,465,000	18,439,000	19,363,000	7,208,000	6,776,000				10,452,000
yoy	-65.97%	-9.12%	-30.17%	-392.41%	-11.51%	67.98%	48.91%	-16.50%	-203.03%	-13.40%	-110.07%	-64.93%	-194.77%	152.37%	-2722.90%	739.69%	283.88%	-34.58%	-20.90%	-23.47%	1811.96%	177.99%	24.83%	60.58%	-177.42%	21.24%	-1235.05%	133.31%	-101.28%	-71.75%	-88.13%	-39.00%	1689.49%	152.68%	-254.73%	25.76%	-17.23%	42.67%	-28.51%	-30.27%	19.00%	15.06%	35.92%	-24.69%	-119.83%	130.87%	1770.12%	301.44%	3053.24%	479.93%	-87.67%	-60.18%	-140.40%	-77.56%	-68.08%	85.71%	-114.48%	-248.04%	117.42%	139.65%	-426.29%	-124.20%	-681.73%	-52.43%	-143.79%	-132.48%	-36.97%	30.33%	-322.88%	-8480.39%	-116.01%	-82.22%	-77.29%	-96.46%	24.93%				-35.17%
qoq	-70.00%	47.55%	-136.32%	-311.65%	-19.89%	13.38%	52.10%	-35.95%	52.08%	0.51%	-14.71%	-179.04%	-227.83%	-111.68%	-397.13%	113.56%	240.39%	21.43%	-4.88%	-2.37%	-41.99%	46.83%	-7.97%	2339.22%	-91.57%	-34.07%	18.39%	-1276.04%	-113.21%	-717.28%	-124.33%	-93.55%	191.33%	-359.32%	-225.09%	89.36%	-58.86%	58.80%	1.67%	24.63%	-29.09%	-20.43%	-0.83%	112.67%	-31.44%	-6.00%	-45.05%	-156.01%	-898.05%	661.41%	-88.20%	-539.93%	-246.77%	-83.82%	-61.89%	346.37%	-18.50%	-76.98%	121.71%	-134.80%	733.39%	-133.82%	144.37%	-52.62%	-38.18%	-912.76%	-119.98%	-143.61%	-54.14%	1477.12%	-141.32%	-25.42%	1624.31%	-96.99%	-54.09%	-4.77%	168.63%	6.38%
net income margin %	4.58%	9.92%	6.59%	-19.58%	9.28%	11.20%	9.47%	6.34%	9.53%	6.56%	6.54%	7.20%	-8.76%	7.50%	-58.80%	18.26%	8.43%	3.26%	4.19%	2.58%	2.70%	4.84%	3.04%	3.45%	0.16%	1.93%	2.80%	2.36%	-0.21%	1.71%	-0.26%	1.13%	18.86%	7.09%	-13.46%	2.02%	1.02%	2.63%	1.54%	1.64%	1.22%	1.74%	2.15%	2.13%	1.02%	1.49%	1.51%	2.86%	-5.09%	0.71%	0.09%	0.71%	-0.17%	0.13%	0.77%	1.88%	0.42%	0.55%	-0.80%	1.07%	-2.94%	-0.41%	1.52%	0.65%	1.41%	Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	Infinity%
basic earnings per common share:
basic earnings per common share	430	1,440	970	-2,650	1,240	1,560	1,330	870	1,340	860	810	940	-1,170	930	-8,080	2,710	1,270	380	310	330	340	580	450	520	20	260	390	330	-30	210	-20	140	2,180	740																60	10	70	-20	10	60	160	40	40
basic weighted-average shares outstanding	44,616,000	44,655,000		45,320,000	45,658,000	45,538,000		47,034,000	47,946,000	48,784,000		52,304,000	53,038,000	52,579,000		51,734,000	51,668,000	51,178,000		50,903,000	50,838,000	50,596,000		41,712,000	41,565,000	41,173,000
diluted earnings per common share:
diluted earnings per common share	420	1,410	930	-2,650	1,210	1,490	1,290	840	1,280	820	770	900	-1,170	880	-7,900	2,600	1,230	360	290	310	320	550	430	500	20	240	370	310	-30	210	-20	140	2,110	720																60	10	60	-20	10	60	160	40	40
diluted weighted-average shares outstanding	45,690,000	45,765,000		45,320,000	46,900,000	47,541,000		48,851,000	49,931,000	51,467,000		54,602,000	53,038,000	55,298,000		53,914,000	53,430,000	53,753,000		53,504,000	53,264,000	53,192,000		43,774,000	43,734,000	43,895,000
dividends paid per common share	220	220	135	180	180	180	112.5	150	150	150	581.25	2,125	100	100	67.5	90	90	90	60	80	80	80	56.25	75	75	75	54.375	72.5	72.5	72.5	302.5	1,070	70	70	45	60	60	60	37.5	50	50	50	30	40	40	40	22.5	30
other comprehensive income, net of taxes:
foreign currency translation adjustments	1,020,000	3,601,000	-1,765,000	12,244,000	2,970,000	-20,018,000	7,925,000	-827,000	-7,199,000	10,238,000	-6,133,000	2,309,000	334,000	11,937,000	-23,827,000	-17,823,000	6,049,000	-2,319,000	-8,589,000	1,160,000	1,739,000	12,123,000	6,094,000	9,508,000	-16,471,000	6,470,000	-4,517,000	-1,092,000	2,885,000	-5,736,000	114,000	-9,136,000	19,714,000	-1,289,000	9,323,000	6,414,000	8,409,000	-13,479,000	6,154,000	796,000	13,683,000	-3,349,000	-15,275,000	4,801,000	-30,384,000	-15,500,000	-24,829,000	2,809,000	1,224,000	-3,137,000	7,715,000	-7,884,000	-5,924,000	3,003,000
pension and other post retirement plans	1,927,000	1,928,000	-9,854,000	897,000	541,000	55,000	-57,000	532,000	531,000	532,000	4,279,000	747,000	746,000	862,000	-501,000	1,196,000	140,000	668,000	13,600,000	1,245,000	1,245,000	1,706,000	-14,264,000	1,139,000	669,000	672,000	-23,607,000	184,000	184,000	184,000	6,328,000	247,000	247,000	9,559,000	408,000	544,000	544,000	544,000	289,500	386,000	386,000	386,000	-5,385,000	353,000	353,000	353,000	-5,646,000	317,000	1,099,000	316,000
change in cash flow hedges	-773,000	-977,000	118,750	-695,000	-1,094,000	2,264,000	137,500	-927,000	1,772,000	-295,000	-447,000	-2,741,000	1,533,000	-580,000	27,500	2,450,000	-1,240,000	-1,100,000	363,500	351,000	1,791,000	-688,000	-319,500	-1,945,000	968,000	-301,000	-53,500	-127,000	-189,000	102,000	153,000	84,000	440,000	88,000	200,250	198,000	-1,020,000	1,623,000	-344,250	1,287,000	-1,649,000
total other comprehensive income, net of taxes	2,174,000	4,552,000	-11,060,000	12,446,000	2,417,000	-17,699,000	7,629,000	-1,222,000	-4,896,000	10,475,000	-2,419,000	315,000	2,613,000	12,219,000	-24,782,000	-14,177,000	4,949,000	-2,751,000	5,460,000	2,739,000	4,775,000	13,141,000	-6,885,000	8,702,000	-14,834,000	6,841,000	-28,199,000	-1,035,000	2,880,000	-5,450,000	6,415,000	-8,805,000	20,401,000	8,358,000	16,983,000	7,156,000	7,933,000	-11,312,000	-964,000	2,469,000	12,420,000	-3,978,000	-20,285,000	5,363,000	-30,019,000	-16,183,000	-29,353,000	3,126,000	2,323,000	-2,821,000	22,173,000	-7,552,000	-5,264,000	6,863,000
comprehensive income	21,492,000	68,939,000	32,576,000	-107,693,000	59,179,000	53,152,000	70,120,000	39,864,000	59,247,000	52,652,000	39,546,000	49,520,000	-59,642,000	60,921,000	-441,614,000	126,110,000	70,638,000	16,547,000	21,352,000	19,446,000	21,887,000	42,641,000	13,206,000	30,533,000	-13,939,000	17,453,000	-12,104,000	12,560,000	1,724,000	3,303,000	4,997,000	-2,978,000	110,681,000	39,347,000	5,033,000	16,709,000	12,978,000	952,000	6,759,000	10,065,000	18,515,000	4,618,000	-9,482,000	16,256,000	-24,897,000	-8,712,000	-21,405,000	17,590,000	-23,502,000	415,000	22,598,000	-3,949,000	-6,083,000	7,421,000
income from operations		113,359,000	119,019,000	-126,001,000	101,164,000	112,095,000	71,656,250	89,339,000	113,448,000	83,838,000	29,370,250	102,185,000	-65,809,000	81,105,000	61,127,250	103,214,000	102,805,000	38,490,000	34,147,500	44,486,000	43,489,000	48,615,000	27,295,500	51,494,000	25,565,000	32,123,000	22,876,750	36,494,000	25,721,000	29,292,000	14,333,250	24,498,000	17,798,000	15,037,000	18,665,500	25,217,000	23,060,000	26,385,000	31,553,000	24,577,000	22,571,000	24,806,000	28,201,000	27,914,000	20,809,000	24,093,000	19,696,000	21,814,000	19,673,000	16,981,000	19,047,000	20,362,000	10,102,000	14,343,000	9,722,000	28,202,000	16,649,000	17,847,000	-36,539,451	15,006,000	15,568,000	6,021,000	11,216,000	3,795,000	7,309,000	7,872,000		2,429,000	10,461,000			6,855,250	8,942,000	2,415,000	16,064,000	13,356,250	27,937,000	11,543,000	13,945,000				19,834,000
yoy		1.13%	66.10%	-241.04%	-10.83%	33.70%	143.98%	-12.57%	-272.39%	3.37%	-51.95%	-1.00%	-164.01%	110.72%	79.01%	132.01%	136.39%	-20.83%	25.10%	-13.61%	70.11%	51.34%	19.32%	41.10%	-0.61%	9.66%	59.61%	48.97%	44.52%	94.80%	-23.21%	-2.85%	-22.82%	-43.01%	-40.84%	2.60%	2.17%	6.37%	11.89%	-11.95%	8.47%	2.96%	43.18%	27.96%	5.77%	41.88%	3.41%	7.13%	94.74%	18.39%	95.92%	-27.80%	-39.32%	-19.63%	-126.61%	87.94%	6.94%	196.41%	-425.78%	295.42%	113.00%	-23.51%		56.24%	-30.13%			-64.57%	16.99%			-48.67%	-67.99%	-79.08%	15.20%				-29.69%
qoq		-4.76%	-194.46%	-224.55%	-9.75%	56.43%	-19.79%	-21.25%	35.32%	185.45%	-71.26%	-255.28%	-181.14%	32.68%	-40.78%	0.40%	167.10%	12.72%	-23.24%	2.29%	-10.54%	78.11%	-46.99%	101.42%	-20.42%	40.42%	-37.31%	41.88%	-12.19%	104.36%	-41.49%	37.64%	18.36%	-19.44%	-25.98%	9.35%	-12.60%	-16.38%	28.38%	8.89%	-9.01%	-12.04%	1.03%	34.14%	-13.63%	22.32%	-9.71%	10.88%	15.85%	-10.85%	-6.46%	101.56%	-29.57%	47.53%	-65.53%	69.39%	-6.71%	-148.84%	-343.50%	-3.61%	158.56%	-46.32%	195.55%	-48.08%	-7.15%			-76.78%				-23.34%	270.27%	-84.97%	20.27%	-52.19%	142.03%	-17.22%
operating margin %	0%	17.46%	17.97%	-20.53%	16.54%	17.73%	10.86%	13.79%	16.86%	13.04%	4.58%	14.95%	-9.26%	12.49%	8.62%	13.44%	13.19%	6.50%	8.99%	6.88%	6.85%	7.98%	4.13%	8.15%	4.51%	5.86%	3.98%	6.35%	4.68%	5.74%	2.63%	4.74%	3.72%	3.44%	21.02%	5.33%	4.65%	5.65%	6.30%	5.32%	4.51%	5.02%	5.62%	5.46%	4.16%	4.80%	3.75%	4.32%	3.88%	3.74%	4.24%	3.99%	2.07%	3.38%	2.17%	5.87%	3.45%	3.96%	2.72%	3.30%	3.27%	1.45%	3.43%	1.21%	2.40%	Infinity%	NaN%	Infinity%	Infinity%	NaN%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	Infinity%
gain on sale of real estate				122,000	183,000	7,974,000
income before taxes		89,966,000	100,514,000	-149,200,000	78,637,000	97,420,000	52,431,000	61,009,000	88,573,000	60,142,000									24,025,500	29,073,000	27,860,000	39,169,000				16,951,000									8,696,250	11,570,000	10,239,000	12,976,000	18,218,000	11,759,000	9,838,000	13,349,000	16,743,000	16,693,000	8,195,000	12,005,000	7,399,000	12,894,000		4,786,000	7,136,000	7,832,000	-2,385,000	1,750,000	-2,705,000	14,993,000	4,759,000	4,894,000
goodwill and intangible asset impairments				243,612,000
total operating expenses			157,251,000	391,249,000			151,808,000	159,810,000	157,217,000		166,474,000	172,439,000	260,301,000																						68,243,000	90,740,000			92,262,000	94,780,000			91,724,000	95,575,000	93,566,000	93,896,000	105,906,000	96,493,000	90,314,000	88,522,000	87,060,000	87,949,000	95,395,000	83,327,000	87,929,000	87,443,000	86,152,000	84,861,000	-251,238,088	84,163,000	85,575,000	81,838,000	63,139,000	65,275,000	62,972,000	58,414,000	55,545,000	56,528,000	62,919,000	74,960,000
intangible asset impairment											25,000,000		100,000,000
gain on sale of buildings							106,000	-725,000
gain on sale of building									11,000	547,000	2,713,000			10,852,000
debt extinguishment															758,000	-5,287,000
gain on sale of business																			1,322,750			6,240,000
change in available-for-sale securities																			-4,250	-17,000
gain (adjustment) on sale of business																					-949,000
loss from operations of discontinued operations
loss from discontinued operations
provision from income taxes																									2,034,000	6,339,000	3,666,000	6,258,000	3,194,000				1,237,000
benefit for income taxes																																															-1,247,500	-1,570,000	-4,970,000						-6,153,000	5,945,000	2,732,000	2,407,000	10,185,082	-2,184,000	-6,640,000						397,000	2,000
weighted-average shares outstanding							47,573,000				52,111,000				51,672,000				50,830,000				42,588,000				40,934,000	40,967,000	40,949,000	40,750,000	41,005,000	40,295,000	41,477,000	41,923,000	41,005,000	41,683,000	41,277,000	39,336,000	41,074,000	40,558,000	41,426,000	41,968,000	44,608,000	44,025,000	45,349,000	46,310,000	49,367,000	48,370,000	48,990,000	52,754,000	54,428,000	54,265,000	54,345,000	55,153,000	55,914,000	56,034,000	56,037,000	56,025,000	58,919	59,606,000	59,280,000	59,274,000	59,018,000	58,977,000	58,836,000	58,700,000
total other income																														-15,327,000	-15,424,000	-15,496,000		-17,110,000				-13,409,000			-12,733,000					-12,088,000	-12,297,000	-8,920,000			-11,911,000	-12,530,000	-12,487,000	-12,593,000	-12,427,000	-13,209,000	-11,890,000	-12,953,000	57,526,102	-12,318,000	-36,209,000					6,000
benefit from income taxes																														5,212,000	-5,526,750	1,560,000		-24,904,000				712,000			3,743,000					4,534,000																			830,000			2,237,000				2,334,750	3,004,000	442,000	5,893,000	11,055,000	7,580,000	4,260,000	4,017,000				7,235,000
restructuring and other related charges																																								5,900,000							4,244,000	358,000	692,000	842,000	1,214,000	1,604,000	9,336,000	1,108,000	2,894,000			1,795,000	-4,715,457	2,118,000	1,212,000	1,393,000	1,489,000	1,220,000	1,011,000	38,000			180,000	2,992,000
basic income per common share																																			165	230	120	310	135	190	150	200	130	250	110	160	-40	300
diluted income per common share																																			157.5	220	120	290	125	180	140	190	125	230	110	160	-40	290
cash flow hedge																																										-1,015,000
gain on cash flow hedge																																											375,000	209,000							3,250	-158,000	171,000
loss on cash flow hedge																																													-80,000	-74,000
gain on available-for-sale securities																																													92,000
loss on available-for-sale securities																																														-962,000
income from debt extinguishment																																															-9,722,500												-6,541,000
loss before taxes																																																	-30,795,000
basic loss per common share																																																	-530
diluted loss per common share																																																	-530
pension amortization																																																			14,471,000	490,000	489,000
other comprehensive income (loss), net of taxes:
pension other comprehensive income amortization																																																						3,860,000
income before taxes and discontinued operations																																																											20,986,651	2,688,000	-20,641,000		6,954,000	859,000	5,010,000	7,878,000
income from operations of the discontinued installation services business																																																																	170,000		1,046,000	5,000
gain from debt extinguishment																																																													-26,164,000			12,000		646,000		6,714,000
income tax provision																																																															1,965,000
income tax benefit
net sales																																																																		287,385,000	276,087,000	302,334,000	322,267,000	320,347,000	341,398,000	305,103,000	398,726,000	387,371,000	434,315,000	482,834,000	429,071,000	366,151,000	358,524,000				340,174,000
cost of sales																																																																		221,099,000	222,112,000	243,377,000	248,887,000	256,783,000	264,205,000	239,021,250	309,121,000	305,853,000	341,111,000	368,780,000	320,793,000	275,898,000	269,355,000				249,882,000
selling and administrative expenses																																																																		58,376,000
provision (benefit) for income taxes																																																																		986,000
income before discontinued operations																																																																		6,892,000
income (loss) from operations of the discontinued installation services business																																																																		4,000
income (loss) from discontinued operations																																																																		49,000
income from continuing operations before income taxes																																																																				6,508,000	9,284,000
income from continuing operations before discontinued operations																																																																				4,271,000	9,356,000
continuing operations																																																																			-30	0.07	0.31	-0.42
discontinued operations																																																																			10
weighted-average shares outstanding - basic			45,354,000																																																																58,467,000
weighted-average shares outstanding - diluted			46,685,000																																																																58,467,000
basic earnings per share:
diluted earnings per share:
weighted-average shares outstanding – basic																																																																				58,853	30,062,000	30,057,000
weighted-average shares outstanding – diluted																																																																				58,918	30,261,000	30,057,000
income from operation of discontinued operations
other income:
income before income taxes																																																																								5,614,000	7,401,000	697,000	14,358,000	29,494,000	26,943,000	11,468,000	10,793,000				19,555,000
basic earnings per share																																																																							-0.05
diluted earnings per share																																																																							-0.05
weighted-average shares outstanding — basic																																																																							30,051,000
weighted-average shares outstanding — diluted																																																																							30,051,000
basic earnings per share of common stock																																																																								0.11	0.15	0.01	0.28	0.62	0.65	0.24	0.22				0.36
diluted earnings per share of common stock																																																																								0.105	0.14	0.01	0.27	0.59	0.61	0.23	0.22				0.34
income before minority interest																																																																												18,439,000	19,363,000	7,208,000	6,776,000				12,320,000
minority interest
see notes to condensed consolidated financial statements.

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	2013-06-30	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	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30

current assets
cash and equivalents	109,672,000	95,280,000	99,045,000	107,279,000	127,821,000	151,952,000	114,438,000	133,452,000	123,030,000	110,546,000	102,889,000	151,790,000	175,592,000	120,558,000	120,184,000	144,687,000	122,293,000	151,220,000	248,653,000	220,697,000	175,564,000	233,807,000	218,089,000	71,999,000	69,024,000	64,792,000	72,377,000	58,112,000	57,979,000	81,752,000	69,758,000	63,766,000	236,456,000	84,420,000	47,681,000	69,448,000	47,425,000	52,269,000	72,553,000	68,616,000	54,282,000	49,968,000	52,001,000	45,955,000	42,602,000	46,566,000	92,405,000	87,437,000	69,933,000	95,374,000	126,104,000	116,922,000	150,065,000	209,654	171,912,000	164,879,000	177,358,000	243,029,000	246,554,000	208,337,000	138,407,000	351,633,000	348,442,000	376,344,000	289,563,000	289,563,000
accounts receivable	200,906,000	273,955,000	290,807,000	271,632,000	301,481,000	268,951,000	312,765,000	320,385,000	349,818,000	299,594,000	312,432,000	359,398,000	386,119,000	350,625,000	361,653,000	429,683,000	512,449,000	334,040,000	294,804,000	363,046,000	399,193,000	318,535,000	348,124,000	359,464,000	335,033,000	272,572,000	264,450,000	322,310,000	344,049,000	253,351,000	280,509,000	311,129,000	271,966,000	212,023,000	208,229,000	227,813,000	252,039,000	228,025,000	233,751,000	222,768,000	261,161,000	205,882,000	218,755,000	240,189,000	286,452,000	237,177,000	258,436,000	269,669,000	309,162,000	245,246,000	271,743,000	302,281,000	237,305,000	239,857	261,854,000	289,834,000	270,067,000	268,026,000	253,153,000	293,172,000	224,277,000	176,928,000	188,340,000	163,603,000	153,799,000	153,799,000
inventories	184,163,000	440,320,000	440,772,000	445,913,000	431,335,000	418,164,000	425,489,000	430,708,000	443,970,000	478,609,000	507,130,000	554,958,000	574,086,000	646,352,000	669,193,000	708,178,000	687,011,000	531,182,000	472,794,000	510,309,000	484,753,000	445,022,000	413,825,000	411,028,000	462,119,000	467,069,000	442,121,000	436,885,000	457,071,000	452,362,000	398,359,000	395,813,000	384,467,000	359,844,000	299,437,000	339,393,000	316,830,000	323,192,000	308,869,000	314,052,000	311,567,000	334,462,000	325,809,000	318,193,000	320,297,000	319,421,000	290,135,000	278,462,000	256,690,000	266,921,000	219,329,000	257,047,000	268,109,000	257,868	269,878,000	285,542,000	296,996,000	263,809,000	276,931,000	270,501,000	282,096,000	147,278,000	135,711,000	136,610,000	150,333,000	150,333,000	155,908,000	169,379,000		165,089,000	148,350,000	141,567,000	114,003,000
prepaid and other current assets	39,308,000	56,996,000	53,059,000	80,876,000	53,263,000	49,850,000	61,604,000	65,797,000	65,196,000	57,863,000	57,139,000	64,108,000	77,769,000	64,108,000	62,453,000	59,111,000	62,975,000	75,862,000	76,009,000	57,770,000	55,705,000	59,116,000	46,897,000	51,365,000	42,723,000	44,374,000	40,799,000	52,898,000	45,778,000	39,615,000	42,121,000	56,955,000	47,160,000	64,837,000	40,067,000	43,622,000	39,706,000	41,410,000	38,605,000	63,962,000	53,022,000	56,826,000	55,086,000	46,747,000	44,525,000	58,347,000	62,569,000	74,290,000	51,212,000	50,440,000	58,711,000	54,911,000	53,582,000	47,472	49,897,000	46,458,000	46,350,000	48,828,000	65,200,000	54,758,000	61,387,000	36,328,000	34,433,000	42,344,000	36,030,000	36,030,000
assets of discontinued operations held for sale	695,755,000																264,861,000	261,514,000	273,414,000															377,275,000	370,724,000
total current assets	1,229,804,000	873,385,000	890,594,000	912,292,000	920,495,000	895,126,000	929,476,000	966,399,000	1,007,166,000	962,606,000	980,591,000	1,131,238,000	1,214,570,000	1,182,765,000	1,214,672,000	1,342,146,000	1,650,086,000	1,354,401,000	1,366,279,000	1,226,858,000	1,191,740,000	1,144,331,000	1,113,452,000	987,950,000	1,003,715,000	945,954,000	925,179,000	961,353,000	989,105,000	916,637,000	912,874,000	938,127,000	1,062,533,000	1,218,927,000	1,098,129,000	800,122,000	775,788,000	753,686,000	780,958,000	792,290,000	789,837,000	771,421,000	756,862,000	756,720,000	790,358,000	765,598,000	815,099,000	815,944,000	796,039,000	770,546,000	793,714,000	826,756,000	784,211,000	826,215	820,381,000	854,991,000	854,295,000	899,810,000	907,779,000	891,189,000	768,518,000	776,454,000	783,275,000	789,130,000	697,081,000	697,081,000	702,720,000	715,928,000		545,004,000	483,209,000	480,633,000	443,683,000
property, plant and equipment	202,637,000	293,095,000	293,528,000	292,385,000	291,753,000	287,755,000	288,297,000	274,980,000	267,337,000	269,129,000	279,218,000	262,623,000	262,394,000	290,505,000	294,561,000	299,844,000	304,169,000	290,552,000	292,622,000	338,762,000	341,005,000	342,706,000	343,964,000	335,318,000	335,820,000	332,148,000	337,326,000	331,345,000	332,852,000	336,490,000	342,492,000	325,078,000	291,516,000	280,725,000	232,135,000	410,472,000	408,271,000	400,151,000	405,404,000	388,149,000	386,109,000	376,110,000	379,972,000	366,364,000	361,200,000	367,182,000	370,565,000	365,376,000	357,882,000	355,315,000	348,440,000	350,832,000	357,419,000	356,879	357,627,000	361,456,000	352,729,000	350,050,000	351,962,000	337,198,000	320,726,000	226,941,000	232,016,000	236,092,000	230,867,000	230,867,000
operating lease right-of-use assets	68,355,000	181,170,000	167,829,000	162,819,000	163,572,000	169,984,000	171,211,000	159,865,000	168,252,000	176,100,000	169,942,000	174,187,000	175,095,000	182,799,000	183,398,000	193,448,000	149,587,000	141,406,000	144,598,000	150,924,000	154,929,000	157,860,000	161,627,000	154,955,000	156,258,000	154,379,000
goodwill	191,253,000	192,917,000	192,917,000	192,917,000	329,529,000	329,393,000	329,393,000	327,864,000	327,864,000	327,864,000	327,864,000	327,864,000	327,864,000	333,982,000	335,790,000	705,356,000	707,523,000	426,683,000	426,148,000	445,749,000	446,365,000	446,456,000	442,643,000	439,667,000	436,782,000	446,590,000	437,067,000	438,417,000	439,118,000	438,428,000	439,395,000	502,055,000	422,473,000	385,076,000	319,139,000	361,405,000	360,085,000	357,507,000	361,185,000	360,255,000	360,094,000	356,412,000	356,241,000	362,745,000	358,695,000	367,091,000	371,846,000	381,315,000	370,172,000	368,537,000	356,375,000	358,334,000	359,294,000	358,372	357,916,000	362,931,000	360,915,000	357,333,000	361,576,000	360,268,000	356,966,000	89,983,000	94,214,000	97,359,000	93,094,000	93,094,000					96,098,000
intangible assets	349,975,000	483,344,000	488,114,000	493,843,000	604,440,000	609,232,000	618,782,000	619,867,000	625,202,000	632,111,000	635,243,000	651,096,000	655,911,000	761,126,000	761,914,000	939,024,000	949,730,000	346,802,000	350,025,000	355,488,000	357,506,000	357,832,000	355,028,000	354,384,000	353,743,000	357,743,000	356,639,000	361,249,000	364,740,000	365,381,000	370,858,000	316,956,000	286,156,000	277,160,000	205,127,000	210,060,000	210,676,000	210,251,000	210,599,000	211,681,000	214,733,000	211,472,000	213,837,000	219,653,000	220,811,000	227,834,000	233,623,000	235,092,000	224,226,000	226,079,000	221,783,000	225,162,000	228,574,000	230,473	230,176,000	234,591,000	234,872,000	223,189,000	230,590,000	231,642,000	229,675,000	28,033,000	31,085,000	32,988,000	32,949,000	32,949,000	31,664,000	33,484,000
other assets	24,249,000	26,203,000	25,956,000	28,352,000	29,712,000	30,231,000	30,378,000	25,115,000	23,805,000	21,365,000	21,731,000	20,066,000	20,134,000	21,490,000	21,553,000	21,791,000	22,734,000	19,524,000	21,589,000	27,275,000	27,440,000	29,861,000	32,897,000	31,860,000	29,556,000	18,105,000	15,840,000	16,200,000	15,192,000	14,944,000	16,355,000	16,505,000	15,670,000	15,675,000	16,051,000	18,110,000	18,131,000	21,634,000	21,982,000	25,219,000	25,482,000	25,198,000	22,346,000	14,139,000	13,943,000	25,849,000	27,102,000	30,491,000	30,774,000	28,621,000	25,668,000	28,060,000	28,550,000	31,317	27,812,000	32,261,000	30,304,000	31,197,000	31,469,000	31,915,000	28,895,000	20,039,000	21,266,000	26,289,000	24,276,000	24,276,000	24,147,000	23,007,000
total assets	2,066,273,000	2,054,802,000	2,063,637,000	2,087,320,000	2,343,941,000	2,325,152,000	2,370,954,000	2,378,864,000	2,423,730,000	2,393,313,000	2,418,879,000	2,571,215,000	2,660,156,000	2,777,238,000	2,816,474,000	3,504,232,000	3,787,023,000	2,582,743,000	2,604,685,000	2,548,663,000	2,524,280,000	2,484,443,000	2,456,017,000	2,310,220,000	2,318,747,000	2,257,802,000	2,074,939,000	2,111,459,000	2,143,908,000	2,074,789,000	2,084,890,000	2,101,651,000	2,081,300,000	2,180,515,000	1,873,541,000	1,804,483,000	1,774,885,000	1,745,189,000	1,782,096,000	1,779,641,000	1,778,514,000	1,743,189,000	1,731,433,000	1,721,752,000	1,747,253,000	1,755,663,000	1,820,361,000	1,831,250,000	1,782,200,000	1,752,159,000	1,748,626,000	1,791,809,000	1,760,846,000	1,806,192	1,796,886,000	1,849,280,000	1,836,121,000	1,865,254,000	1,887,103,000	1,857,348,000	1,709,868,000	1,146,582,000	1,167,071,000	1,187,663,000	1,087,278,000	1,087,278,000
current liabilities
notes payable and current portion of long-term debt	8,018,000	8,119,000	8,103,000	8,123,000	8,133,000	8,143,000	8,155,000	8,138,000	8,152,000	9,274,000	9,625,000	10,043,000	15,720,000	12,840,000	12,653,000	13,085,000	25,110,000	15,675,000	12,486,000	13,024,000	14,913,000	11,158,000	9,922,000	9,235,000	9,470,000	9,451,000	10,525,000	10,884,000	10,807,000	12,872,000	13,011,000	10,739,000	12,917,000	12,593,000	11,078,000	16,656,000	16,757,000	26,347,000	22,644,000	17,776,000	19,217,000	15,189,000	16,593,000	11,771,000	9,162,000	6,615,000	7,886,000	11,886,000	13,393,000	18,060,000	13,384,000	19,522,000	19,081,000	17,703	17,581,000	16,255,000	21,302,000	25,164,000	19,307,000	8,579,000	24,862,000				2,084,000	2,084,000	3,508,000	4,594,000		8,092,000	16,625,000	14,490,000	12,161,000
accounts payable	84,805,000	138,835,000	137,484,000	130,773,000	140,566,000	142,702,000	119,354,000	156,564,000	143,152,000	154,018,000	116,646,000	152,202,000	159,198,000	160,441,000	194,793,000	212,038,000	227,085,000	243,611,000	260,140,000	258,914,000	257,286,000	237,900,000	232,107,000	218,024,000	228,674,000	220,038,000	250,576,000	205,570,000	223,188,000	209,202,000	233,658,000	228,394,000	256,014,000	197,814,000	183,951,000	178,571,000	170,272,000	161,140,000	190,341,000	161,379,000	161,737,000	166,835,000	199,811,000	175,569,000	182,369,000	201,131,000	218,703,000	181,052,000	182,505,000	158,898,000	144,438,000	160,738,000	132,799,000	141,704	145,608,000	174,989,000	190,280,000	183,136,000	178,592,000	186,358,000	176,461,000	134,923,000	127,243,000	116,174,000	99,515,000	99,515,000	101,295,000	107,088,000		128,104,000	91,970,000	85,589,000	69,555,000
accrued liabilities	92,643,000	157,279,000	152,707,000	162,523,000	144,784,000	166,890,000	181,918,000	185,218,000	174,247,000	190,096,000	193,098,000	183,161,000	169,386,000	178,154,000	171,797,000	306,282,000	222,334,000	147,269,000	145,101,000	160,002,000	151,091,000	161,594,000	171,572,000	176,164,000	118,479,000	126,943,000	124,665,000	148,123,000	120,532,000	138,368,000	139,192,000	150,602,000	113,479,000	117,482,000	83,258,000	97,871,000	86,894,000	95,594,000	103,594,000	109,252,000	98,889,000	96,524,000	104,997,000	99,029,000	84,494,000	83,120,000	101,292,000	103,721,000	82,472,000	89,700,000	94,213,000	105,573,000	80,886,000	110,337	94,671,000	96,045,000	80,472,000	102,785,000	92,559,000	77,088,000	77,319,000				63,167,000	63,167,000	60,776,000	59,816,000		81,672,000	78,849,000	96,288,000	95,372,000
current portion of operating lease liabilities	17,232,000	34,370,000	32,307,000	31,997,000	32,445,000	33,928,000	35,065,000	32,572,000	33,433,000	34,075,000	32,632,000	29,637,000	29,889,000	31,283,000	31,680,000	32,426,000	32,210,000	28,932,000	29,881,000	30,896,000	30,685,000	31,304,000	31,848,000	29,018,000	28,047,000	28,292,000
liabilities of discontinued operations held for sale	226,923,000																73,218,000	74,256,000	80,748,000															85,737,000	84,450,000
total current liabilities	429,621,000	341,844,000	334,557,000	337,961,000	330,833,000	356,031,000	348,990,000	386,708,000	361,737,000	391,679,000	359,149,000	382,303,000	381,653,000	390,859,000	423,579,000	594,637,000	583,269,000	512,838,000	531,636,000	466,477,000	458,575,000	446,798,000	449,246,000	436,171,000	387,120,000	388,511,000	390,099,000	367,230,000	366,184,000	367,324,000	393,071,000	415,530,000	433,337,000	417,550,000	371,079,000	294,205,000	275,247,000	284,579,000	318,263,000	290,007,000	281,767,000	280,581,000	323,630,000	288,761,000	278,553,000	294,036,000	331,163,000	299,618,000	281,439,000	269,800,000	253,725,000	287,787,000	234,850,000	273,383	260,937,000	290,623,000	295,665,000	314,879,000	294,500,000	276,348,000	283,030,000	256,392,000	237,508,000	233,634,000	170,018,000	170,018,000	173,165,000	183,347,000		236,299,000	210,043,000	210,631,000	194,063,000
long-term debt	1,394,836,000	1,346,110,000	1,404,387,000	1,442,855,000	1,528,838,000	1,466,889,000	1,515,897,000	1,499,211,000	1,577,208,000	1,430,235,000	1,459,904,000	1,536,415,000	1,491,564,000	1,507,681,000	1,560,998,000	1,574,697,000	1,941,725,000	1,037,755,000	1,033,197,000	1,042,612,000	1,043,859,000	1,037,413,000	1,037,042,000	1,123,365,000	1,216,226,000	1,137,134,000	1,093,749,000	1,159,621,000	1,206,195,000	1,142,079,000	1,108,071,000	1,124,981,000	1,078,462,000	1,238,393,000	968,080,000	980,720,000	993,576,000	938,673,000	913,914,000	913,838,000	922,563,000	886,028,000	826,976,000	828,699,000	858,315,000	802,855,000	805,101,000	797,180,000	773,579,000	715,096,000	678,307,000	678,773,000	679,538,000	681,907	685,355,000	689,011,000	685,270,000	688,247,000	674,530,000	666,995,000	513,880,000	123,874,000	150,360,000	160,828,000	177,739,000	177,739,000	192,918,000	194,902,000		209,228,000	196,540,000	154,445,000	155,483,000
long-term operating lease liabilities	55,201,000	159,299,000	147,203,000	142,213,000	142,570,000	147,463,000	147,369,000	138,665,000	145,295,000	152,343,000	147,224,000	154,608,000	155,018,000	160,664,000	159,414,000	167,549,000	122,488,000	117,189,000	119,315,000	124,588,000	128,714,000	132,634,000	136,054,000	131,650,000	133,498,000	130,949,000
other liabilities	92,168,000	93,903,000	98,748,000	95,901,000	122,726,000	123,757,000	130,540,000	124,969,000	132,063,000	129,547,000	132,708,000	156,533,000	157,890,000	186,977,000	190,651,000	257,209,000	251,921,000	98,836,000	109,585,000	124,933,000	122,286,000	122,047,000	126,510,000	104,298,000	102,295,000	103,299,000	109,997,000	94,148,000	94,938,000	91,315,000	106,710,000	90,127,000	90,458,000	84,534,000	132,537,000	131,149,000	126,196,000	130,818,000	137,266,000	153,054,000	145,583,000	144,567,000	146,923,000	138,800,000	142,229,000	143,365,000	148,240,000	162,103,000	165,071,000	167,593,000	181,589,000	184,344,000	186,860,000	193,107	193,523,000	201,493,000	201,008,000	204,434,000	195,019,000	197,482,000	194,318,000	70,906,000	73,069,000	78,760,000	61,552,000	61,552,000	60,872,000	61,960,000
total liabilities	1,971,826,000	1,945,899,000	1,989,665,000	2,023,420,000	2,129,199,000	2,097,376,000	2,146,066,000	2,155,354,000	2,221,544,000	2,108,291,000	2,103,635,000	2,235,509,000	2,191,845,000	2,250,390,000	2,338,904,000	2,597,917,000	2,903,809,000	1,770,358,000	1,797,527,000	1,763,322,000	1,759,849,000	1,744,396,000	1,755,866,000	1,801,765,000	1,842,293,000	1,763,109,000	1,597,176,000	1,623,294,000	1,669,624,000	1,603,228,000	1,610,499,000	1,635,564,000	1,607,282,000	1,745,702,000	1,474,733,000	1,410,395,000	1,396,960,000	1,356,168,000	1,371,149,000	1,359,614,000	1,353,133,000	1,314,810,000	1,300,908,000	1,259,504,000	1,282,621,000	1,243,798,000	1,288,334,000	1,262,909,000	1,224,448,000	1,157,066,000	1,116,252,000	1,154,014,000	1,104,643,000	1,152,040	1,143,848,000	1,185,915,000	1,186,922,000	1,213,346,000	1,169,778,000	1,148,107,000	998,586,000	458,979,000	468,790,000	481,823,000	418,405,000	418,405,000	436,417,000	449,898,000
commitments and contingencies - see note 20
shareholders’ equity
total shareholders’ equity	94,447,000	108,903,000	73,972,000	63,900,000	214,742,000	227,776,000	224,888,000	223,510,000	202,186,000	285,022,000	315,244,000	335,706,000	468,311,000	526,848,000	477,570,000	906,315,000	883,214,000	812,385,000	807,158,000	785,341,000	764,431,000	740,047,000	700,151,000	508,455,000	476,454,000	494,693,000	477,763,000	488,165,000	474,284,000	471,561,000	474,391,000	466,087,000	474,018,000	434,813,000	398,808,000	394,088,000	377,925,000	389,021,000	410,947,000	420,027,000	425,381,000	428,379,000	430,525,000	462,248,000	464,632,000	511,865,000	532,027,000	568,341,000	557,752,000	595,093,000	632,374,000	637,795,000	656,203,000	654,152	653,038,000	663,365,000	649,199,000	651,908,000	717,325,000	709,241,000	711,282,000	687,603,000	698,281,000	705,840,000	668,873,000	668,873,000	640,104,000	648,037,000		412,445,000	361,954,000	318,972,000	284,054,000
total liabilities and shareholders’ equity	2,066,273,000	2,054,802,000	2,063,637,000	2,087,320,000	2,343,941,000	2,325,152,000	2,370,954,000	2,378,864,000	2,423,730,000	2,393,313,000	2,418,879,000	2,571,215,000	2,660,156,000	2,777,238,000	2,816,474,000	3,504,232,000	3,787,023,000	2,582,743,000	2,604,685,000	2,548,663,000	2,524,280,000	2,484,443,000	2,456,017,000	2,310,220,000	2,318,747,000	2,257,802,000	2,074,939,000	2,111,459,000	2,143,908,000	2,074,789,000	2,084,890,000	2,101,651,000	2,081,300,000	2,180,515,000	1,873,541,000	1,804,483,000	1,774,885,000	1,745,189,000	1,782,096,000	1,779,641,000	1,778,514,000	1,743,189,000	1,731,433,000	1,721,752,000	1,747,253,000	1,755,663,000	1,820,361,000	1,831,250,000	1,782,200,000	1,752,159,000	1,748,626,000	1,791,809,000	1,760,846,000	1,806,192	1,796,886,000	1,849,280,000	1,836,121,000	1,865,254,000	1,887,103,000	1,857,348,000	1,709,868,000	1,146,582,000	1,167,071,000	1,187,663,000	1,087,278,000	1,087,278,000
assets held for sale		5,534,000	5,609,000	5,289,000	5,450,000	5,559,000	14,532,000	14,747,000	24,172,000	15,010,000
assets of discontinued operations		1,300,000	1,302,000	1,303,000	1,145,000	650,000	648,000	1,310,000	980,000	984,000	1,001,000	984,000	1,004,000	1,122,000	4,586,000	487,000	497,000	583,000	3,424,000	695,000	1,525,000	1,591,000	2,091,000	1,951,000	321,000	321,000	321,000	323,000	324,000	325,000	2,916,000					479,000	215,000	218,000	219,000	1,301,000	1,325,000	1,360,000	1,316,000	1,625,000	1,638,000	1,622,000	1,624,000	1,209,000	1,217,000	1,212,000	554,000	556,000	571,000	587	1,303,000	1,312,000	1,307,000	1,381,000	1,387,000	1,543,000	1,538,000	1,568,000	1,551,000	1,549,000	4,384,000	4,384,000	4,417,000	4,793,000
liabilities of discontinued operations		3,241,000	3,956,000	4,545,000	4,905,000	4,368,000	4,498,000	4,216,000	2,753,000	4,216,000	7,148,000	7,260,000	7,460,000	8,141,000	12,656,000	30,806,000	3,312,000	3,095,000	3,280,000	3,641,000	4,600,000	4,842,000	3,797,000	3,730,000	2,450,000	3,787,000	4,333,000	2,653,000	11,657,000	6,882,000	7,210,000					1,107,000	1,324,000	1,498,000	1,684,000	1,600,000	1,924,000	2,033,000	2,229,000	2,392,000	2,528,000	3,170,000	3,282,000	2,959,000	3,069,000	3,142,000	1,690,000	1,954,000	2,084,000	3,639	3,077,000	3,334,000	3,611,000	3,794,000	4,042,000	4,323,000	4,388,000	4,568,000	4,647,000	4,755,000	5,252,000	5,252,000	7,586,000	11,849,000
commitments and contingencies - see note 16
preferred stock, par value 0.25 per share, authorized 3,000 shares, no shares issued
common stock			21,187,000				21,187,000				21,187,000				21,187,000				21,094,000				20,935,000				20,694,000				20,380,000				20,166,000				19,992,000				19,770,000				19,621,000							19,127				19,046,000									17,930,000	17,929,000		10,407,000	10,186,000	9,502,000	9,156,000
capital in excess of par value			690,153,000				677,028,000				662,680,000				627,982,000				602,181,000				583,008,000				519,017,000				503,396,000				487,077,000				529,980,000				518,485,000				506,090,000							482,009				471,928,000									417,072,000	416,061,000		167,246,000	151,365,000	115,160,000	97,721,000
retained earnings			479,048,000				461,442,000				281,516,000				344,060,000				669,998,000				607,518,000				568,516,000				550,523,000				480,347,000				475,760,000				454,548,000				427,913,000							436,421				424,153,000									419,411,000	420,265,000		439,084,000	387,298,000	338,485,000	284,626,000
treasury shares, at cost, 38,400 common shares and 36,443 common shares as of september 30, 2025 and 2024, respectively			-1,044,496,000
accumulated other comprehensive loss			-71,920,000				-58,024,000				-70,010,000				-82,738,000				-45,977,000				-72,092,000				-65,916,000				-34,112,000				-60,481,000				-81,241,000				-91,188,000				-30,064,000							-19,559
deferred compensation							-218,000				-2,443,000				-12,805,000				-23,288,000				-25,725,000				-28,240,000				-30,966,000				-39,076,000				-31,678,000				-34,531,000				-37,317,000							-21,765				-23,796,000
commitments and contingencies - see note 22
treasury shares, at cost, 36,443 common shares and 31,684 common shares, respectively							-876,527,000
commitments and contingencies - see note 21
treasury shares, at cost, 31,684 common shares and 27,682 common shares, respectively.											-577,686,000
assets of discontinued operations not held for sale															1,189,000				605,000												324,000	326,000	328,000	328,000	329,000
treasury shares, at cost, 27,682 common shares and 27,762 common shares, respectively.															-420,116,000
treasury shares, at cost, 27,762 common shares and 27,610 common shares, respectively.																			-416,850,000
contract assets, net of progress payments of 20,821 and 24,175																				74,341,000
contract assets, net of progress payments of 20,449 and 24,175																					75,000,000
contract assets, net of progress payments of 21,472 and 24,175																						86,260,000
contract assets, net of progress payments of 24,175 and 11,259																							84,426,000
commitments and contingencies - see note 14
treasury shares, at cost, 27,610 common shares and 35,969 common shares																							-413,493,000
contract costs and recognized income not yet billed, net of progress payments of 28,981 and 13,861																								92,143,000
contract costs and recognized income not yet billed, net of progress payments of 22,294 and 13,861																									94,495,000
contract costs and recognized income not yet billed, net of progress payments of 15,458 and 13,861																										96,826,000
contract costs and recognized income not yet billed, net of progress payments of 13,861 and 3,172																											105,111,000
treasury shares, at cost, 35,969 common shares and 35,846 common shares																											-536,308,000
contract costs and recognized income not yet billed, net of progress payments of 7,895 and 3,172																												90,825,000
commitments and contingencies - see note 19
contract costs and recognized income not yet billed, net of progress payments of 5,300 and 3,172																													83,904,000
contract costs and recognized income not yet billed, net of progress payments of 4,037 and 3,172																														89,232,000
contract costs and recognized income not yet billed, net of progress payments of 3,172 and 4,407																															121,803,000
commitments and contingencies - see note 13
treasury shares, at cost, 35,846 common shares and 33,557 common shares																															-534,830,000
contract costs and recognized income not yet billed, net of progress payments of 4,808 and 4,407																																110,138,000
liabilities of discontinued operations not held for sale																																25,795,000	50,927,000	3,924,000	8,342,000
commitments and contingencies - see note 18
contract costs and recognized income not yet billed, net of progress payments of 4,139 and 4,407																																	122,156,000
contract costs and recognized income not yet billed, net of progress payments of 5,165 and 4,407																																		120,200,000
contract costs and recognized income not yet billed, net of progress payments of 4,407 and 8,001																																			131,662,000
treasury shares, at cost, 33,557 common shares and 34,797 common shares																																			-489,225,000
contract costs and recognized income not yet billed, net of progress payments of 4,841 and 8,001																																				119,367,000
contract costs and recognized income not yet billed, net of progress payments of 4,380 and 8,001																																					119,573,000
contract costs and recognized income not yet billed, net of progress payments of 7,145 and 8,001																																						108,572,000
contract costs and recognized income not yet billed, net of progress payments of 8,001 and 16,467																																							126,961,000
treasury shares, at cost, 34,797 common shares and 30,737 common shares																																							-501,866,000
contract costs and recognized income not yet billed, net of progress payments of 12,890 and 16,467																																								121,591,000
contract costs and recognized income not yet billed, net of progress payments of 15,273 and 16,467																																									108,480,000
contract costs and recognized income not yet billed, net of progress payments of 17,517 and 16,467																																										122,923,000
contract costs and recognized income not yet billed, net of progress payments of 16,467 and 16,985																																											103,895,000
treasury shares, at cost, 30,737 common shares and 25,335 common shares																																											-436,559,000
contract costs and recognized income not yet billed, net of progress payments of 16,834 and 16,985																																												104,011,000
contract costs and recognized income not yet billed, net of progress payments of 14,592 and 16,985 at march 31, 2015 and september 30, 2014, respectively.																																													94,844,000
contract costs and recognized income not yet billed, net of progress payments of 16,985 at both december 31, 2014 and september 30, 2014																																														102,465,000
contract costs and recognized income not yet billed, net of progress payments of 16,985 and 6,941																																															109,930,000	104,877,000
treasury shares, at cost, 25,335 common shares and 18,527 common shares																																															-354,216,000
contract costs and recognized income not yet billed, net of progress payments of 13,173 and 6,941																																																	107,825,000
balance at september 30, 2013																																																	77,616,000
net income
dividend
tax effect from exercise/vesting of equity awards
amortization of deferred compensation
common stock acquired
stock grants and equity awards																																																	877,000
esop purchase of common stock
esop allocation of common stock
stock-based compensation
other comprehensive loss, net of tax
balance at march 31, 2014																																																	78,493,000
contract costs and recognized income not yet billed, net of progress payments of 8,727 and 6,941																																																		111,353,000
balance at 9/30/2013																																																		77,616,000
equity awards granted																																																		535,000
other comprehensive income, net of tax
balance at 12/31/2013																																																		78,151,000
contract costs and recognized income not yet billed, net of progress payments of 4,062 and 3,748																																																			117,273,000
contract costs and recognized income not yet billed, net of progress payments of 3,199 and 3,748																																																				95,039,000
balance at 9/30/2012																																																				76,509,000
restricted stock awards granted																																																				1,102,000
balance at 3/31/2013																																																				77,611,000
contract costs and recognized income not yet billed, net of progress payments of 2,075 and 3,748																																																					74,579,000
contract costs and recognized income not yet billed, net of progress payments of 3,748 and 9,697																																																						70,777
commitments and contingencies - see note 15
treasury shares, at cost, 15,621 common shares and 14,434 common shares																																																						-242,081
contract costs and recognized income not yet billed, net of progress payments of 1,969 and 9,697																																																							65,537,000
contract costs and recognized income not yet billed, net of progress payments of 3,834 and 9,697																																																								66,966,000
contract costs and recognized income not yet billed, net of progress payments of 1,221 and 9,697																																																									62,217,000
commitments and contingencies - see note
contract costs and recognized income not yet billed, net of progress payments of 9,697 and 1,423																																																										74,737,000
treasury shares, at cost, 14,434 common shares for 2011 and 12,466 common shares for 2010																																																										-231,699,000
accumulated other comprehensive income																																																										-7,724,000									4,733,000	12,975,000
contract costs and recognized income not yet billed, net of progress payments of 1,419 and 1,423																																																											64,554,000
commitments and contingencies
contract costs and recognized income not yet billed, net of progress payments of 4,663 and 1,423																																																												62,878,000
contract costs and recognized income not yet billed, net of progress payments of 4,105 and 1,423																																																													60,813,000
contract costs and recognized income not yet billed, net of progress payments of 6,104 and 14,592																																																														62,719,000
notes payable and current portion of long-term debt net of debt discount of 83 and 2,820																																																														51,892,000
accrued and other current liabilities																																																														65,009,000	54,357,000	52,066,000
contract costs and recognized income not yet billed, net of progress payments of 23,186 and 14,592																																																															74,798,000
notes payable and current portion of long-term debt net of debt discount of 733 and 2,820																																																															51,261,000
contract costs and recognized income not yet billed, net of progress payments of 14,945 and 14,592																																																																68,680,000
notes payable and current portion of long-term debt net of debt discount of 1,517 and 2,820																																																																60,639,000
contract costs and recognized income not yet billed																																																																	62,972,000	62,972,000	59,777,000	64,194,000		68,279,000	43,065,000	32,700,000	46,642,000
assets
current assets:
cash and cash equivalents																																																																			274,315,000	276,024,000		22,389,000	60,663,000	88,047,000	69,816,000
accounts receivables																																																																			154,113,000	146,595,000		247,172,000	189,904,000	174,938,000	173,942,000
prepaid expenses and other current assets																																																																			54,190,000	54,943,000		42,075,000	41,227,000	43,381,000	39,280,000
property, plant and equipment, at cost, net of depreciation and amortization																																																																			222,515,000	228,400,000		231,975,000	216,900,000	203,539,000	169,852,000
costs in excess of fair value of net assets of businesses acquired																																																																			86,450,000	88,300,000		99,540,000		50,554,000	49,983,000
liabilities and shareholders’ equity
current liabilities:
shareholders’ equity:
preferred stock, par value .25 per share, authorized 3,000,000 shares, no shares issued
treasury shares, at cost, 12,440,015 common shares at march 31, 2009 and september 30, 2008
deferred esop compensation
treasury shares, at cost, 12,440,015 common shares at december 31, 2008 and september 30, 2008
liabilities and shareholders' equity
other liabilities and deferred credits																																																																						70,242,000	82,890,000	40,293,000
shareholders' equity
intangible assets and other																																																																						51,695,000	55,220,000
income taxes																																																																						18,431,000	22,599,000	14,264,000	16,975,000
total liabilities and deferred credits																																																																						515,769,000	489,473,000
treasury shares, at cost, 11,779,462 common shares in 2006 and 10,502,896 common shares in 2005
other assets:
minority interest																																																																								25,175,000
treasury shares, at cost, 10,502,896 common shares in 2005 and 9,014,509 common shares in 2004
other																																																																								14,790,000	15,212,000
treasury shares, at cost, 9,014,509 common shares in 2004 and 7,165,919 common shares in 2003
minority interest and other																																																																									45,130,000
treasury shares, at cost, 7,165,919 common shares in 2003 and 3,266,983 common shares in 2002

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	2012-06-30	2012-03-31	2011-12-31	2010-12-31	2010-06-30	2010-03-31	2009-12-31	2009-06-30	2009-03-31	2008-12-31	2008-06-30	2008-03-31	2007-12-31	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2004-12-31

cash flows from operating activities - continuing operations:
net income	19,318,000	64,387,000	43,636,000	-120,139,000	56,762,000	70,851,000	62,491,000	41,086,000	64,143,000	42,177,000	41,965,000	49,205,000	-62,255,000	48,702,000	-416,832,000	140,287,000	65,689,000	19,298,000	15,892,000	16,707,000	17,112,000	29,500,000	20,091,000	21,831,000	895,000	10,612,000	16,095,000	13,595,000	-1,156,000	8,753,000	-1,418,000	5,827,000				9,553,000	5,045,000	12,264,000		7,596,000	6,095,000	8,596,000	10,803,000	10,893,000	5,122,000	7,471,000	7,948,000			3,236,000	425,000	3,603,000	-819,000	558,000	9,050,000	2,026,000	2,487,000	-1,680,000	4,968,000	2,033,000	4,291,000	6,941,000	-854,000	4,274,000	-9,799,000	-21,370,000	-1,355,000	4,397,000	255,000	8,465,000	18,439,000	19,363,000	7,208,000	6,776,000	10,452,000
net loss from discontinued operations																											156,000	533,000
income from continuing operations
adjustments to reconcile net income to net cash from operating activities - continuing operations:
depreciation and amortization	3,878,000	15,703,000	15,928,000	15,822,000	15,650,000	15,614,000	15,554,000	15,247,000	15,080,000	14,823,000	15,409,000	15,669,000	17,254,000	17,113,000	17,637,000	17,688,000	16,252,000	13,081,000	5,347,000	15,806,000	15,883,000	15,266,000	15,342,000	15,523,000	15,719,000	15,825,000	15,676,000	15,595,000	15,492,000	15,085,000	15,485,000	14,047,000	13,313,000	12,958,000		19,207,000	18,779,000	18,394,000		17,677,000	17,118,000	17,084,000	17,899,000	17,448,000	17,193,000	17,260,000	17,369,000	16,795,000	16,439,000	16,793,000	17,961,000	17,749,000	17,681,000	17,357,000	16,832,000	16,321,000	15,515,000	13,825,000	9,149,000	10,290,000	9,918,000	10,494,000	10,357,000	10,553,000	10,192,000	10,987,000	11,046,000	10,906,000	10,464,000	9,301,000	9,322,000	8,827,000	8,945,000	8,006,000	7,499,000
stock-based compensation	7,331,000	6,427,000	7,622,000	5,968,000	6,515,000	5,378,000	7,112,000	7,052,000	6,257,000	6,417,000	12,525,000	15,252,000	6,593,000	6,742,000	17,157,000	6,019,000	5,092,000	4,867,000	4,996,000	5,591,000	5,293,000	4,208,000	4,771,000	4,507,000	5,152,000	3,150,000	3,598,000	3,332,000	3,422,000	2,933,000	2,706,000	2,452,000	2,365,000	2,555,000		2,405,000	2,343,000	2,452,000		2,877,000	2,489,000	3,066,000	2,807,000	2,931,000	2,795,000	2,577,000	3,340,000	3,137,000	3,321,000	1,675,000	3,168,000	3,029,000	3,338,000	2,960,000	2,691,000	2,651,000	2,257,000	2,023,000	1,512,000	1,505,000	1,430,000	1,201,000	1,027,000	814,000	818,000	570,000	624,000
provision (recovery) for losses on accounts receivable																													158,000	158,000		250,000	19,000	-220,000
amortization of debt discounts and issuance costs	956,000	1,052,000		1,054,000	1,041,000	1,029,000		1,056,000	1,057,000	1,056,000		1,023,000	1,022,000	1,023,000		1,187,000	912,000	654,000		670,000	669,000	680,000		604,000	994,000	1,273,000		1,292,000	1,612,000	1,229,000		1,227,000	1,511,000	1,243,000		855,000	1,004,000	1,915,000		1,887,000	1,713,000	1,671,000		1,629,000
loss from debt extinguishment	0	556,000																					0	1,235,000
pension and other post-retirement non-cash charges	1,630,000	2,310,000
deferred income tax benefit
change in assets and liabilities:
increase in accounts receivable															61,163,000	95,522,000	-124,215,000	-53,132,000
increase in inventories															28,720,000	-28,939,000	-47,056,000	-59,478,000			-42,262,000	-31,924,000			-1,478,000	-19,480,000	-6,929,000	19,843,000	-3,894,000	-33,958,000		-1,179,000	-20,222,000	-28,073,000				-16,253,000				-9,080,000		2,769,000	-6,594,000	-32,658,000				-33,915,000				-9,800,000	12,832,000	13,315,000	-30,318,000				2,254,000							5,399,000	-2,638,000	-4,020,000		-16,768,000
decrease in prepaid and other assets			-16,396,000	-906,000			2,426,000	2,415,000	-2,135,000	-3,631,000	-1,266,000						5,734,000	329,000													192,000	-5,090,000				-199,000					1,904,000	316,000							5,110,000	-1,628,000			-3,214,000	3,625,000					-3,009,000
increase in accounts payable, accrued liabilities and other liabilities
other changes	-661,000	154,000	733,000	1,834,000	-836,000	265,000	-261,000	812,000	462,000	1,117,000	-1,616,000	7,697,000	3,430,000	1,954,000	11,351,000	1,274,000	-137,000	662,000	223,000	-789,000	1,116,000	1,284,000	417,000	40,000	-1,456,000	2,016,000	-636,000	948,000	1,473,000	1,197,000	4,334,000	6,554,000	292,000	552,000		1,752,000	-773,000	1,616,000		1,056,000	1,518,000	519,000	-1,493,000	-170,000	981,000	1,242,000	343,000	-433,000	602,000	543,000	1,677,000	1,235,000	-2,401,000	2,022,000	-181,000	3,071,000	838,000	62,000	162,000	224,000	185,000							-163,000	-80,000	941,000		284,000	-938,000	1,776,000	351,000
net cash from operating activities - continuing operations											122,762,000	147,367,000	86,156,000	75,480,000	124,241,000	107,632,000	-87,687,000	-84,946,000									98,976,000	69,988,000	-56,047,000	1,041,000	63,655,000	41,637,000
cash flows from investing activities - continuing operations:
acquisition of property, plant and equipment	-9,990,000	-7,662,000	-12,568,000	-8,693,000	-13,718,000	-17,456,000	-20,550,000	-14,560,000	-18,959,000	-14,330,000	-43,421,000	-8,346,000	-7,111,000	-4,726,000	-8,972,000	-11,486,000	-11,457,000	-10,573,000	-3,062,000	-9,903,000	-12,060,000	-11,926,000	-14,247,000	-12,232,000	-9,347,000	-13,172,000	-17,567,000	-10,376,000	-9,021,000	-8,397,000	-16,990,000	-11,520,000	-10,843,000	-10,785,000		-16,640,000	-20,035,000	-22,478,000		-17,295,000	-20,934,000	-25,018,000	-18,255,000	-15,652,000	-20,792,000	-18,921,000	-22,235,000	-20,014,000	-16,929,000	-17,916,000	-18,555,000	-14,891,000	-13,707,000	-17,288,000	-17,490,000	-20,313,000	-19,892,000											-4,123,000	-9,385,000	-10,092,000		-8,966,000
other		-12,000	-40,000	-63,000	-68,000	41,000	-34,000	-45,000	-203,000	-59,000	22,000	-25,000	-85,000	-42,000					-285,000	1,000	1,000	26,000	16,000	-114,000	123,000	-40,000	17,000	-280,000	-54,000	137,000	-88,000	13,000	42,000	84,000		74,000	163,000	-349,000		-294,000	104,000	104,000	141,000	111,000	-7,000	102,000	104,000	50,000	113,000	31,000	133,000	19,000	58,000	184,000	96,000	-15,000	-14,000		155,000	13,000	24,000	-164,000	210,000	419,000		-520,000	1,000,000	-77,000	-197,000	-1,041,000
net cash from investing activities - continuing operations											-34,300,000	-8,340,000	-7,092,000	4,521,000	-8,971,000	284,283,000	-848,570,000	-9,969,000									-17,391,000	-19,834,000	-19,763,000	-17,565,000	-17,446,000	-194,807,000
cash flows from financing activities - continuing operations:
dividends paid	-10,022,000	-11,196,000	-8,070,000	-8,181,000	-14,404,000	-9,037,000	-7,036,000	-7,094,000	-11,711,000	-9,965,000	-6,442,000	-114,548,000	-5,698,000	-7,126,000	-111,771,000	-4,815,000	-4,831,000	-5,260,000	-4,232,000	-4,229,000	-4,256,000	-4,422,000	-3,890,000	-3,290,000	-3,957,000	-3,392,000	-3,414,000	-3,415,000	-3,704,000	-3,143,000	-2,981,000	-40,944,000	-2,882,000	-2,990,000		-2,629,000	-2,638,000	-2,499,000		-2,178,000	-2,227,000	-2,281,000	-1,847,000	-1,896,000	-2,001,000	-1,910,000	-1,432,000	-1,551,000	-1,571,000	-1,719,000	-1,441,000	-1,446,000	-1,474,000	-1,464,000
purchase of shares for treasury	-34,151,000	-30,308,000	-21,562,000	-40,256,000	-72,370,000	-49,083,000	-68,415,000	-19,080,000	-140,972,000	-81,449,000	-65,620,000	-85,361,000	-254,000	-12,735,000	0	0	0	-10,886,000	-448,000	0	0	-2,909,000	0	0	-5,721,000	-1,758,000	0	0	-130,000	-1,348,000	-17,000	-12,727,000	-28,529,000	-4,332,000		-37,000	-686,000	-15,073,000		-17,131,000	-22,730,000	-10,910,000	-24,125,000	-20,641,000	-24,407,000	-13,170,000	-7,096,000	-9,148,000	-8,181,000	-55,189,000	-6,832,000	-3,580,000	-14,773,000	-7,336,000	-3,320,000	1,000	-2,351,000											-987,000	-1,173,000	-1,127,000		-1,645,000
proceeds from long-term debt			0	0			37,500,000	0	148,000,000	31,500,000	20,000,000	57,139,000	15,596,000	29,823,000	74,595,000	9,023,000	964,476,000	10,815,000	325,000	6,558,000	-26,762,000	40,791,000	9,462,000	169,275,000	989,386,000	71,957,000	44,948,000	13,699,000	104,136,000	38,965,000	23,413,000	71,747,000	21,804,000	326,094,000		15,442,000	156,599,000	39,056,000		123,645,000	59,730,000	79,874,000	111,968,000	21,967,000	89,277,000	10,279,000
payments of long-term debt	-2,012,000	-60,000,000	-39,537,000	-87,038,000	-2,079,000	-50,000,000	-22,051,000	-79,543,000	-3,324,000	-63,860,000	-82,537,000	-20,134,000	-31,571,000	-87,539,000	-83,311,000	-389,977,000	-35,406,000	-2,500,000	-9,578,000	-10,682,000	34,547,000	-42,120,000	-103,684,000	-266,160,000	-907,026,000	-32,045,000	-109,988,000	-60,091,000	-43,847,000	-4,322,000	-38,962,000	-32,090,000	-176,968,000	-52,973,000		-29,214,000	-114,437,000	-8,827,000		-131,650,000	-22,197,000	-24,126,000	-107,240,000	-51,070,000	-18,130,000	-11,295,000	-960,000	-15,824,000	-561,064,000	-25,246,000	-4,025,000	-7,442,000	-1,338,000	-4,062,000	-4,165,000	-3,572,000	-6,826,000											-6,967,000	-199,000	-283,000		-5,473,000
net cash from financing activities - continuing operations														-78,363,000				-8,612,000										-50,154,000	55,485,000	28,574,000		-14,221,000
cash flows from discontinued operations:
net cash from operating activities	-96,079,000	106,992,000	74,959,000	123,056,000	16,503,000	142,922,000	-310,714,000	122,078,000	39,802,000	146,058,000	-195,000	-201,000	-645,000	-1,953,000	-16,691,000	17,043,000	1,989,000	7,857,000	-1,282,000	67,860,000	-46,670,000	20,829,000	-58,965,000	116,787,000	-42,674,000	-18,169,000	1,751,000	-436,000	-2,980,000	-458,000	-16,654,000	-13,890,000	-9,426,000	-5,654,000		56,714,000	1,217,000	7,554,000		62,963,000	14,188,000	-19,596,000	46,551,000	72,637,000	-35,001,000	-8,050,000	43,445,000	76,493,000	-2,243,000	-24,394,000	86,169,000	33,497,000	-1,481,000	-32,502,000	32,555,000	11,635,000	-13,843,000		42,683,000	2,848,000	2,663,000					-12,269,000	41,156,000	10,472,000	-14,692,000	34,039,000	-3,021,000	10,771,000	3,806,000	4,728,000	9,095,000
capital expenditures	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	0	0	0	0		0	0	0					0	0	0	0	0	0	0	0	0	0
free cash flows	-96,079,000	106,992,000	74,959,000	123,056,000	16,503,000	142,922,000	-310,714,000	122,078,000	39,802,000	146,058,000	-195,000	-201,000	-645,000	-1,953,000	-16,691,000	17,043,000	1,989,000	7,857,000	-1,282,000	67,860,000	-46,670,000	20,829,000	-58,965,000	116,787,000	-42,674,000	-18,169,000	1,751,000	-436,000	-2,980,000	-458,000	-16,654,000	-13,890,000	-9,426,000	-5,654,000		56,714,000	1,217,000	7,554,000		62,963,000	14,188,000	-19,596,000	46,551,000	72,637,000	-35,001,000	-8,050,000	43,445,000	76,493,000	-2,243,000	-24,394,000	86,169,000	33,497,000	-1,481,000	-32,502,000	32,555,000	11,635,000	-13,843,000		42,683,000	2,848,000	2,663,000					-12,269,000	41,156,000	10,472,000	-14,692,000	34,039,000	-3,021,000	10,771,000	3,806,000	4,728,000	9,095,000
net cash from investing activities	5,514,000	-7,662,000	-12,457,000	-8,373,000	-13,363,000	-236,000		-2,260,000	-18,474,000	-13,543,000					0	-1,182,000	-592,000	-853,000	33,051,000	-12,768,000	-15,023,000	1,491,000	45,517,000	-12,313,000	-9,241,000	-23,519,000					0	0	198,267,000	-209,029,000		-16,615,000	-20,013,000	-28,411,000		-17,249,000	-22,294,000	-26,545,000	-18,196,000	-17,779,000	-11,831,000	-18,814,000	-22,174,000	-67,805,000	-15,913,000	-41,358,000	-18,308,000	-14,781,000	-13,546,000	-16,233,000	-17,404,000	-20,179,000	-42,263,000											-7,297,000	-28,599,000	-13,939,000		-9,856,000
net cash from financing activities	101,494,000	-101,554,000	-69,209,000	-135,538,000	-25,879,000	-108,121,000		-106,669,000	-8,096,000	-123,947,000										-8,411,000	3,381,000	-9,297,000		-103,656,000	59,650,000	34,701,000					0	0	-281,067,000	258,526,000		-18,539,000	14,055,000	2,221,000		-30,477,000	11,516,000	44,805,000	-22,103,000	-50,954,000	45,088,000	-16,882,000	-14,611,000	9,915,000	-6,687,000	-16,547,000	-11,697,000	-12,198,000	-17,772,000	-10,582,000	-6,603,000	-4,107,000	-9,545,000	11,047,000	-26,984,000	-21,261,000	63,640,000							-1,679,000	21,696,000	12,939,000		-1,205,000
net cash from discontinued operations	9,435,000	-730,000	-602,000	-531,000	28,000	-180,000	931,000	-434,000	-347,000	-2,926,000	-195,000	-201,000	-645,000	-1,953,000	-16,691,000	15,861,000	1,397,000	7,004,000	46,408,000	-157,000	-235,000	1,472,000	-96,000	-487,000	-1,388,000	-606,000	1,751,000	-436,000	-2,980,000	-458,000	-16,654,000	-13,890,000	-41,964,000	-6,419,000		-478,000	-308,000	-430,000		-574,000	-191,000	-387,000	-88,000	-285,000	-165,000	-380,000	-510,000	-378,000	-341,000	-299,000	-1,604,000	-8,000	-15,000	-463,000	-926,000	-487,000	-277,000
effect of exchange rate changes on cash and equivalents	-171,000	-811,000	-925,000	844,000	-1,420,000	3,129,000	-1,291,000	-2,293,000	-401,000	2,015,000	434,000	301,000	-2,117,000	689,000	-2,665,000	780,000	-2,603,000	-910,000	-3,680,000	-1,391,000	304,000	1,223,000	1,840,000	2,644,000	-2,115,000	8,000	-190,000	569,000	-468,000	402,000	-4,950,000	8,591,000	-1,783,000	-685,000		941,000	205,000	-1,218,000		-329,000	1,095,000	-310,000	-118,000	-266,000	-2,055,000	-1,713,000	-1,182,000	-721,000	-257,000	-158,000		-368,000	-329,000	191,000	-589,000	659,000	257,000	383,000
net increase in cash and equivalents	14,392,000	-3,765,000	-8,234,000	-20,542,000	-24,131,000	37,514,000	-19,014,000	10,422,000	12,484,000	7,657,000	-48,901,000	-23,802,000	55,034,000	374,000	-24,503,000			-97,433,000				15,718,000				-7,585,000	14,265,000	133,000	-23,773,000	11,994,000	5,992,000	-172,690,000	152,036,000	36,739,000		22,023,000				14,334,000															7,033,000				3,191,000	-27,902,000	55,511,000
cash and equivalents at beginning of period	0	99,045,000	0	0	0	114,438,000	0	0	0	102,889,000	0	0	0	120,184,000	0	0	0	248,653,000	0	0	0	218,089,000	0	0	0	72,377,000	0	0	0	69,758,000	0	0	0	47,681,000		0	0	72,553,000		0	0	52,001,000	0	0	0	92,405,000	0	0	0	178,130,000	0	0	0	209,654,000	0	0	243,029,000	169,802,000	0	0	320,833,000
cash and equivalents at end of period	14,392,000	95,280,000	-8,234,000	-20,542,000	-24,131,000	151,952,000	-19,014,000	10,422,000	12,484,000	110,546,000	-48,901,000	-23,802,000	55,034,000	120,558,000	-24,503,000	22,394,000	-28,927,000	151,220,000	27,956,000	45,133,000	-58,243,000	233,807,000	146,090,000	2,975,000	4,232,000	64,792,000	14,265,000	133,000	-23,773,000	81,752,000	5,992,000	-172,690,000	152,036,000	84,420,000		22,023,000	-4,844,000	52,269,000		14,334,000	4,314,000	49,968,000	6,046,000	3,353,000	-3,964,000	46,566,000	4,968,000	17,504,000	-25,441,000	95,374,000	52,026,000	9,182,000	-33,143,000	150,065,000	7,033,000	-12,479,000	177,358,000	138,407,000	3,191,000	-27,902,000	376,344,000
supplemental disclosure of non-cash flow information:
capital expenditures in accounts payable	476,000	1,559,000	-4,300,000	3,395,000	-130,000	2,064,000
cash flows from operating activities:
adjustments to reconcile net income to net cash from operating activities:
provision for losses on accounts receivable		1,862,000	-165,000	232,000	-683,000	1,182,000	-238,000	-30,000	342,000	562,000	608,000	346,000	-139,000	482,000	408,000	430,000	226,000	352,000	328,000	-21,000	101,000	93,000	820,000	-84,000	561,000	35,000	229,000															-24,000	-37,000	-121,000					-53,000	185,000	977,000	384,000	234,000	206,000
loss on sale of assets and investments						168,000										-185,000	36,000	-154,000		4,000
gain on sale of real estate			0	-122,000	-183,000	-7,974,000
decrease in accounts receivable		15,826,000	-19,461,000	33,086,000	-30,220,000	35,445,000	10,294,000			14,491,000	44,557,000			13,689,000
decrease in inventories		1,939,000	4,299,000	-10,678,000	-11,535,000	-393,000	17,643,000	-311,000	31,627,000	24,623,000	45,019,000	19,608,000	41,651,000	22,931,000					-53,979,000				-742,000													-21,423,000
increase in prepaid and other assets		-3,510,000				-5,066,000							3,351,000	100,000	-6,617,000				-7,149,000			-3,517,000	3,811,000			-2,269,000	-364,000			-444,000				-8,459,000				-2,637,000								-2,177,000											4,000
increase in accounts payable, accrued liabilities, income taxes payable and operating lease liabilities		286,000	41,212,000	-21,750,000	-28,015,000	26,423,000		11,475,000	-28,512,000	36,491,000						-26,340,000	-6,320,000	-12,204,000		15,291,000
cash flows from investing activities:
proceeds from the sale of property, plant and equipment				320,000	355,000	17,220,000		12,300,000	485,000	787,000		6,000	19,000	11,815,000		57,000	3,000	29,000		34,000	29,000	53,000
cash flows from financing activities:
financing costs		-38,000				-42,000	0			-114,000				-744,000	0	-608,000	-15,704,000	-753,000	0	0	-2,000	-569,000	-841,000	-3,367,000	-13,155,000	-21,000	-78,000	-67,000	-878,000	-67,000	-122,000	-220,000	-59,000	-7,392,000		-28,000	-163,000	-172,000		-3,015,000			-716,000	-2,000	-561,000	-29,000	-370,000	-241,000	-10,006,000	-681,000	-74,000	0			-93,000	0	-4,000
fair value write-up of acquired inventory sold																																																										11,364,000
goodwill and intangible asset impairments			0
asset impairment charges - restructuring							784,000	14,497,000	0	8,482,000	-186,000	0			2,337,000	1,688,000	517,000	289,000	-2,828,000	1,192,000	2,497,000	5,794,000	304,000	0	228,000	4,160,000																					0	22,000	60,000	109,000
amortization of deferred financing costs and debt discounts																																														1,634,000	1,638,000	1,601,000	1,582,000	1,606,000
debt extinguishment															-758,000
deferred income tax provision											-12,051,000	0
change in assets and liabilities, net of assets and liabilities acquired:
acquired business, net of cash acquired																																																	946,000	-23,666,000					0	0	-22,432,000
proceeds from sale of business											0				0					-380,000	-855,000	15,580,000									750,000	0
proceeds from sale of property, plant and equipment
supplemental disclosure of cash flow information:
cash paid for interest
cash paid for taxes
gain on sale of assets and investments							1,387,000	-373,000	-525,000	-550,000		0	71,000	-10,923,000								174,000		13,000	-88,000	-186,000								209,000			-8,000	-103,000		15,000
net income from discontinued operations															1,471,000	-88,117,000	-7,118,000	-2,393,000
adjustments to reconcile net income to net cash from operating activities of continuing operations:
decrease in accounts payable, accrued liabilities and income taxes payable																												6,257,000	677,000	-29,622,000		16,933,000	3,952,000	-24,973,000		13,839,000	-5,609,000	-31,475,000		9,805,000	-4,308,000	-38,324,000		380,000	-10,193,000	-30,051,000				-25,647,000	29,419,000			-50,165,000	-30,092,000	-4,900,000	-14,582,000												-9,311,000	-27,678,000
proceeds from investments															0	0
intangible asset impairments												0
payments related to sale of business
loss on sale/disposal of assets and investments																																										-77,000	-25,000	-2,000
increase in accounts payable, accrued liabilities and income taxes payable																																																																	29,241,000
net cash from (used) in financing activities - continuing operations
fair value step-up of acquired inventory sold																2,700,000
decrease in accounts payable, accrued liabilities, income taxes payable and operating lease liabilities												14,464,000	-25,076,000	-26,333,000								-5,425,000		38,680,000
acquired businesses, net of cash acquired																0				0	0	-2,242,000		0	0	-10,531,000		0	0	-9,219,000		-183,315,000	-47,547,000	-198,683,000		0	0	-6,051,000		0
net cash from ( used in) financing activities - continuing operations												-162,929,000
payments related to sale of telephonics													0	-2,568,000
deferred income taxes																-1,418,000	0	2,883,000		5,017,000	1,892,000	442,000		40,000	210,000	198,000		512,000	515,000	-1,380,000		-1,476,000	50,000	-23,186,000		5,523,000	-40,000	-196,000		-288,000	-1,226,000	2,763,000		-171,000	-219,000	1,501,000	-4,817,000	-257,000	182,000	-239,000	5,972,000	-305,000	-1,050,000	458,000	-378,000	-666,000	-141,000								167,000	295,000	412,000
deferred income tax
proceeds from issuance of common stock																																											0	86,000			0	0
contingent consideration for acquired businesses																											0	0	0	-1,686,000
net cash from ( used) in financing activities - continuing operations
net decrease in cash and equivalents																				45,133,000				2,975,000														-20,284,000				-2,033,000	6,046,000	3,353,000	-3,964,000	-45,839,000	4,968,000	17,504,000	-25,441,000	-82,756,000		9,182,000	-33,143,000	-59,589,000			-65,671,000
proceeds from sale of investments																		575,000
investment purchases																			-12,553,000	-2,520,000
payments from sale of business
insurance payments
change in short-term borrowings																														38,000				35,000		-452,000	214,000	-702,000		146,000	-44,000	-147,000	-284,000	491,000	629,000	-1,201,000	-3,887,000	-1,770,000	-5,032,000	9,940,000	542,000	251,000	514,000	1,643,000	2,069,000
gain on sale of business																				0	949,000	-6,240,000
increase in accounts receivable and contract assets																				37,462,000
decrease in accounts receivable and contract assets																						10,494,000
insurance proceeds																											0	0
non-cash lease expense																								9,909,000
increase in accounts receivable and contract costs and recognized income not yet billed																								-19,903,000				14,446,000				341,000					-33,026,000	21,459,000		25,314,000								54,277,000
proceeds from sale of assets																								49,000	106,000	184,000		42,000	11,000	51,000		28,000	15,000	439,000		25,000	22,000	118,000		46,000	384,000	484,000		98,000	70,000	107,000		197,000	70,000	224,000	247,000	110,000	161,000	1,055,000	86,000	134,000	61,000
investment purchase																												0
decrease in accounts receivable and contract costs and recognized income not yet billed																										2,942,000				37,181,000				38,909,000								-6,106,000	17,173,000			24,824,000				12,835,000				-529,000			8,067,000	29,952,000			7,060,000	105,000	-5,510,000	20,190,000	-14,473,000	-13,179,000	45,302,000		-15,719,000	48,547,000			-10,661,000	11,473,000	25,736,000
decrease in accounts payable, accrued liabilities, income taxes payable and net change to leases																										-36,445,000
gain on sale/disposal of assets and investments
investment sales																																								0	0	715,000	0
share premium payment on settled debt																																				0
purchase of esop shares																																				-1,695,000	0	-9,213,000									-10,000,000	0	-8,409,000	-1,591,000
proceeds related to sale of business
net (income) from discontinued operations																																1,615,000	-88,329,000	-8,158,000
(gain) loss on sale of assets and investments																														-91,000
•
net income from continuing operations																																		30,989,000
net cash flows provided by:
operating activities
investing activities
financing activities
a.
investment in unconsolidated joint venture																																										-2,726,000
benefit from losses on accounts receivable																																						118,000		363,000						156,000									-79,000	42,000	569,000								-5,033,000	4,604,000	876,000	659,000	352,000	382,000	357,000	619,000	442,000	374,000	347,000
tax benefit from exercise/vesting of equity awards																																								0	0	2,291,000		0	3,000	342,000		0	0	273,000
decrease (increase) in inventories																																																														6,830,000
loss from discontinued operations
tax effect from exercise/vesting of equity awards																																																			0	0	0	150,000	0	0	834,000
loss on sale/disposal of assets																																														171,000			127,000	53,000	290,000	13,000
purchase of securities
proceeds from issuance of long-term debt																																																	586,879,000	57,635,000	0	0	0	303,000	0			47,974,000	0	0	100,000,000	448,000	5,523,000	4,908,000	34,600,000			5,000,000	22,000,000	20,891,000					7,778,000
income from debt extinguishment
(gain) loss on sale/disposal of assets																																																							30,000
net loss
adjustments to reconcile net loss to net cash from operating activities:
adjustments to reconcile net income to net cash provided by operating activities:
change in funds restricted for capital projects
exercise of stock options																																																										20,000	14,000	142,000	143,000							1,452,000	724,000	387,000			583,000	66,000	2,514,000
fixed asset impairment charges - restructuring																																																				0
amortization/write-off of deferred financing costs and debt discounts																																																				1,549,000	1,563,000	1,539,000	1,476,000	1,516,000	1,505,000	1,845,000
(increase) decrease in accounts receivable and contract costs and recognized income not yet billed
(increase) decrease in inventories
(increase) decrease in prepaid and other assets
net cash provided by operating activities
gain on sale/disposal of assets																																																						-733,000			-44,000
dividend																																																							-1,190,000	-1,190,000	-1,184,000
change in equipment lease deposits
income from discontinued operations
funds restricted for capital projects																																																										1,283,000										-50,000	-74,000	-4,347,000
increase in equipment lease deposits																																																																				-3,124,000	-1,973,000	500,000		-890,000			3,924,000
proceeds from sale of investment																																																																	0
increase in short-term borrowings																																																															-1,117,000	2,021,000			787,000
tax benefit from exercise of options/vesting of restricted stock																																																										7,000	0	56,000	43,000
cash flows from operating activities
benefit from losses on account receivable																																																										266,000
cash flows from financing activities
current assets, net of cash acquired																																																										195,214,000
pp&e																																																										72,918,000
goodwill																																																										261,064,000
intangibles																																																										203,290,000
other assets																																																										1,124,000			30,648,000
total assets acquired																																																										733,610,000
total liabilities assumed
net assets acquired																																																										542,000,000
long-term debt discount																																																											1,300,000	1,216,000	886,000
provisions for losses on account receivable																																																											481,000
amortization/write-off of deferred financing costs																																																											306,000	299,000	310,000
gain from debt extinguishment																																																											0	-12,000	18,000
proceeds from issuance of shares from rights offering																																																														1,983,000	0	5,274,000
net cash from operating activities of discontinued operations
effective interest rate																																																											-200
interest expense related to the coupon																																																											-34,000
amortization of the discount																																																											-26,000
amortization of deferred issuance costs																																																											0
total interest expense on the 2023 notes																																																											-60,000
provisions (recoveries) for losses on account receivable																																																													514,000
all other assets																																																													1,114,759,000
total assets																																																													1,145,407,000
notes payable & current portion of lt debt																																																													81,410,000
all other liabilities																																																													377,094,000
total liabilities																																																													458,504,000
capital in excess of par value																																																													420,749,000
retained earnings																																																													438,782,000
all other shareholders’ equity
total shareholders’ equity																																																													686,903,000
total liabilities and shareholders’ equity																																																													1,145,407,000
loss (income) from discontinued operations
provision for losses on account receivable
decrease (increase) in prepaid and other assets
increase (decrease) in accounts payable, accrued liabilities and income taxes payable
acquired businesses																																																																				0
decrease (increase) in equipment lease deposits
net cash used in investing activities
decrease in short-term borrowings																																																																				-507,000	419,000	-6,044,000
tax benefit from vesting of restricted stock
net cash used in financing activities
net cash used in discontinued operations
net cash provided by investing activities
effect of exchange rate changes on cash and cash equivalents																																																																	132,000	741,000	240,000	154,000	343,000	198,000
net increase (decrease) in cash and cash equivalents
cash and cash equivalents at beginning of period																																																														0	0	311,921,000	0	0	44,747,000	0	0	22,389,000		0	0	60,663,000	88,047,000
cash and cash equivalents at end of period																																																														15,248,000	-1,709,000	276,024,000	7,638,000	-30,351,000	69,752,000	1,650,000	-21,252,000	55,626,000		230,000	-14,089,000	45,960,000	80,398,000
cash flows from operating activities — continuing operations:
recovery of losses on accounts receivable
amortization of deferred financing costs																																																															345,000	726,000
decrease (increase) in prepaid expenses and other assets
net cash from operating activities — continuing operations
cash flows from investing activities — continuing operations:
net cash from investing activities — continuing operations
cash flows from financing activities — continuing operations:
net cash from financing activities — continuing operations
net decrease in cash and cash equivalents
increase in prepaid expenses and other assets																																																																				195,000	682,000	-1,899,000	741,000
net increase in cash and cash equivalents																																																																			25,005,000	1,650,000
cash flows from operating activities – continuing operations:
income from discontinued operations – net of taxes
write-off of unamortized deferred financing costs																																																																	0
net cash from operating activities – continuing operations
cash flows from investing activities – continuing operations:
acquisition of business
net cash from investing activities – continuing operations
cash flows from financing activities – continuing operations:
tax benefit from restricted stock vesting and exercise of stock options
net cash from financing activities – continuing operations
decrease (increase)in equipment lease deposits
increasein short-term borrowings
tax benefit from exercise of stock options																																																																				407,000	122,000	156,000	1,750,000	523,000	184,000	1,679,000
decrease in equipment lease deposits																																																																			4,332,000
stock based compensation																																																																				581,000
change in assets and liabilities, net of assets acquired and liabilities assumed:
acquisition of minority interest in subsidiary																																																																								0
distributions to minority interest																																																																								0
distributions to minority interests
net increase cash and cash equivalents																																																																						33,237,000
gain on sale of land and building
minority interest																																																																											1,868,000
proceeds from sale of land and building
acquisition of minority interest in subsidiaries
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
increase in accounts payable, accrued liabilities and income taxes
total adjustments																																																																								-8,592,000
proceeds from sale of land & building
proceeds from borrowings under long-term debt arrangements																																																																								3,000,000	0	60,000,000
proceeds from the exercise of stock options
effect of exchange rates on cash and cash equivalents																																																																								520,000			781,000
see notes to condensed consolidated financial statements.
decrease in prepaid expenses and other assets
decrease in accounts payable, accrued liabilities and income taxes
payment of debt issuance costs
proceeds from divestiture
net cash provided (used) by financing activities
purchase of treasury shares
loss on divestiture
cumulative effect of a change in accounting principle
proceeds from sale of real estate
pension curtailment gain

Griffon Corporation(NYSE:GFF)

Griffon Corporation
(NYSE:GFF)