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was acquired by the Company in the Progressive Waste acquisition. Common shares held in trust are classified as treasury shares in the Company’s Consolidated Balance Sheets. The Company will sell shares out of the trust and remit cash or shares to employees and non-employee directors as restricted share units vest and deferred share units settle, under the Progressive Waste share-based compensation plans that were continued by the Company. During the years ended December 31, 2024, 2023 and 2022, the Company sold 11,344 , 6,017 and 5,203 common shares held in the trust, respectively, to settle vested restricted share units and deferred share units. | text | 6017 | sharesItemType | text: <entity> 6017 </entity> <entity type> sharesItemType </entity type> <context> was acquired by the Company in the Progressive Waste acquisition. Common shares held in trust are classified as treasury shares in the Company’s Consolidated Balance Sheets. The Company will sell shares out of the trust and remit cash or shares to employees and non-employee directors as restricted share units vest and deferred share units settle, under the Progressive Waste share-based compensation plans that were continued by the Company. During the years ended December 31, 2024, 2023 and 2022, the Company sold 11,344 , 6,017 and 5,203 common shares held in the trust, respectively, to settle vested restricted share units and deferred share units. </context> | us-gaap:StockIssuedDuringPeriodSharesOther |
was acquired by the Company in the Progressive Waste acquisition. Common shares held in trust are classified as treasury shares in the Company’s Consolidated Balance Sheets. The Company will sell shares out of the trust and remit cash or shares to employees and non-employee directors as restricted share units vest and deferred share units settle, under the Progressive Waste share-based compensation plans that were continued by the Company. During the years ended December 31, 2024, 2023 and 2022, the Company sold 11,344 , 6,017 and 5,203 common shares held in the trust, respectively, to settle vested restricted share units and deferred share units. | text | 5203 | sharesItemType | text: <entity> 5203 </entity> <entity type> sharesItemType </entity type> <context> was acquired by the Company in the Progressive Waste acquisition. Common shares held in trust are classified as treasury shares in the Company’s Consolidated Balance Sheets. The Company will sell shares out of the trust and remit cash or shares to employees and non-employee directors as restricted share units vest and deferred share units settle, under the Progressive Waste share-based compensation plans that were continued by the Company. During the years ended December 31, 2024, 2023 and 2022, the Company sold 11,344 , 6,017 and 5,203 common shares held in the trust, respectively, to settle vested restricted share units and deferred share units. </context> | us-gaap:StockIssuedDuringPeriodSharesOther |
from treasury pursuant to awards made under the 2016 Plan is 7,500,000 common shares. Awards under the 2016 Plan may be made to employees, consultants and non-employee directors and may be made in the form of options, warrants, restricted shares, restricted share units, performance awards (which may be paid in cash, common shares, or a combination thereof), dividend equivalent awards (representing a right of the holder thereof to receive the equivalent value (which may be paid in cash or common shares) of dividends paid on common shares), and share payments (a payment in the form of common shares or an option or other right to purchase common shares as part of a bonus, defined compensation or other arrangement). Non-employee directors are also eligible to receive deferred share units, which represent the right to receive a cash payment or its equivalent in common shares (or a combination of cash and common shares), or which may at the time of grant be expressly limited to settlement only in cash and not in common shares. | text | 7500000 | sharesItemType | text: <entity> 7500000 </entity> <entity type> sharesItemType </entity type> <context> from treasury pursuant to awards made under the 2016 Plan is 7,500,000 common shares. Awards under the 2016 Plan may be made to employees, consultants and non-employee directors and may be made in the form of options, warrants, restricted shares, restricted share units, performance awards (which may be paid in cash, common shares, or a combination thereof), dividend equivalent awards (representing a right of the holder thereof to receive the equivalent value (which may be paid in cash or common shares) of dividends paid on common shares), and share payments (a payment in the form of common shares or an option or other right to purchase common shares as part of a bonus, defined compensation or other arrangement). Non-employee directors are also eligible to receive deferred share units, which represent the right to receive a cash payment or its equivalent in common shares (or a combination of cash and common shares), or which may at the time of grant be expressly limited to settlement only in cash and not in common shares. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
No RSUs under the Progressive Waste share-based compensation plans were granted subsequent to June 1, 2016. All remaining RSUs were vested as of December 31, 2019. | text | No | sharesItemType | text: <entity> No </entity> <entity type> sharesItemType </entity type> <context> No RSUs under the Progressive Waste share-based compensation plans were granted subsequent to June 1, 2016. All remaining RSUs were vested as of December 31, 2019. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted |
The Company has $ 14,901 of Canadian tax loss carryforwards with a 20-year carryforward period which will begin to expire in 2036, as well as various U.S. state tax losses with carryforward periods up to 20 years. | text | 14901 | monetaryItemType | text: <entity> 14901 </entity> <entity type> monetaryItemType </entity type> <context> The Company has $ 14,901 of Canadian tax loss carryforwards with a 20-year carryforward period which will begin to expire in 2036, as well as various U.S. state tax losses with carryforward periods up to 20 years. </context> | us-gaap:OperatingLossCarryforwards |
As of December 31, 2024, the Company had undistributed earnings of approximately $ 4,078,543 for which income taxes have not been provided on permanently reinvested earnings of approximately $ 2,903,543 . Additionally, the Company has not recorded deferred taxes on the amount of financial reporting basis in excess of tax basis of approximately $ 401,204 attributable to the Company’s non-U.S. subsidiaries which are permanently reinvested. It is not practical to estimate the additional tax that may become payable upon the eventual repatriation of these amounts; however, the tax impacts could result in a material increase to the Company’s effective tax rate. | text | 4078543 | monetaryItemType | text: <entity> 4078543 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had undistributed earnings of approximately $ 4,078,543 for which income taxes have not been provided on permanently reinvested earnings of approximately $ 2,903,543 . Additionally, the Company has not recorded deferred taxes on the amount of financial reporting basis in excess of tax basis of approximately $ 401,204 attributable to the Company’s non-U.S. subsidiaries which are permanently reinvested. It is not practical to estimate the additional tax that may become payable upon the eventual repatriation of these amounts; however, the tax impacts could result in a material increase to the Company’s effective tax rate. </context> | us-gaap:UndistributedEarnings |
As of December 31, 2024, the Company had undistributed earnings of approximately $ 4,078,543 for which income taxes have not been provided on permanently reinvested earnings of approximately $ 2,903,543 . Additionally, the Company has not recorded deferred taxes on the amount of financial reporting basis in excess of tax basis of approximately $ 401,204 attributable to the Company’s non-U.S. subsidiaries which are permanently reinvested. It is not practical to estimate the additional tax that may become payable upon the eventual repatriation of these amounts; however, the tax impacts could result in a material increase to the Company’s effective tax rate. | text | 2903543 | monetaryItemType | text: <entity> 2903543 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had undistributed earnings of approximately $ 4,078,543 for which income taxes have not been provided on permanently reinvested earnings of approximately $ 2,903,543 . Additionally, the Company has not recorded deferred taxes on the amount of financial reporting basis in excess of tax basis of approximately $ 401,204 attributable to the Company’s non-U.S. subsidiaries which are permanently reinvested. It is not practical to estimate the additional tax that may become payable upon the eventual repatriation of these amounts; however, the tax impacts could result in a material increase to the Company’s effective tax rate. </context> | us-gaap:DeferredTaxLiabilitiesUndistributedForeignEarnings |
As of December 31, 2024, the Company had undistributed earnings of approximately $ 4,078,543 for which income taxes have not been provided on permanently reinvested earnings of approximately $ 2,903,543 . Additionally, the Company has not recorded deferred taxes on the amount of financial reporting basis in excess of tax basis of approximately $ 401,204 attributable to the Company’s non-U.S. subsidiaries which are permanently reinvested. It is not practical to estimate the additional tax that may become payable upon the eventual repatriation of these amounts; however, the tax impacts could result in a material increase to the Company’s effective tax rate. | text | 401204 | monetaryItemType | text: <entity> 401204 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, the Company had undistributed earnings of approximately $ 4,078,543 for which income taxes have not been provided on permanently reinvested earnings of approximately $ 2,903,543 . Additionally, the Company has not recorded deferred taxes on the amount of financial reporting basis in excess of tax basis of approximately $ 401,204 attributable to the Company’s non-U.S. subsidiaries which are permanently reinvested. It is not practical to estimate the additional tax that may become payable upon the eventual repatriation of these amounts; however, the tax impacts could result in a material increase to the Company’s effective tax rate. </context> | us-gaap:DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries |
The Company manages its operations through the following six geographic solid waste operating segments: Western, Southern, Eastern, Central, Canada and MidSouth. The Company’s six geographic solid waste operating segments comprise its reportable segments. Each operating segment is responsible for managing several vertically integrated operations, which are comprised of districts. Certain corporate or regional overhead expense allocations may affect comparability of the segment information presented herein on a period-over-period basis. | text | six | integerItemType | text: <entity> six </entity> <entity type> integerItemType </entity type> <context> The Company manages its operations through the following six geographic solid waste operating segments: Western, Southern, Eastern, Central, Canada and MidSouth. The Company’s six geographic solid waste operating segments comprise its reportable segments. Each operating segment is responsible for managing several vertically integrated operations, which are comprised of districts. Certain corporate or regional overhead expense allocations may affect comparability of the segment information presented herein on a period-over-period basis. </context> | us-gaap:NumberOfOperatingSegments |
The Company manages its operations through the following six geographic solid waste operating segments: Western, Southern, Eastern, Central, Canada and MidSouth. The Company’s six geographic solid waste operating segments comprise its reportable segments. Each operating segment is responsible for managing several vertically integrated operations, which are comprised of districts. Certain corporate or regional overhead expense allocations may affect comparability of the segment information presented herein on a period-over-period basis. | text | six | integerItemType | text: <entity> six </entity> <entity type> integerItemType </entity type> <context> The Company manages its operations through the following six geographic solid waste operating segments: Western, Southern, Eastern, Central, Canada and MidSouth. The Company’s six geographic solid waste operating segments comprise its reportable segments. Each operating segment is responsible for managing several vertically integrated operations, which are comprised of districts. Certain corporate or regional overhead expense allocations may affect comparability of the segment information presented herein on a period-over-period basis. </context> | us-gaap:NumberOfReportableSegments |
Total employer expenses, including employer matching contributions, for the DPSP and 401(k) Plans were $ 46,489 , $ 42,100 and $ 37,165 , respectively, during the years ended December 31, 2024, 2023 and 2022. These amounts include matching contributions Waste Connections made under the Deferred Compensation Plan, described below. | text | 46489 | monetaryItemType | text: <entity> 46489 </entity> <entity type> monetaryItemType </entity type> <context> Total employer expenses, including employer matching contributions, for the DPSP and 401(k) Plans were $ 46,489 , $ 42,100 and $ 37,165 , respectively, during the years ended December 31, 2024, 2023 and 2022. These amounts include matching contributions Waste Connections made under the Deferred Compensation Plan, described below. </context> | us-gaap:PensionAndOtherPostretirementBenefitExpense |
Total employer expenses, including employer matching contributions, for the DPSP and 401(k) Plans were $ 46,489 , $ 42,100 and $ 37,165 , respectively, during the years ended December 31, 2024, 2023 and 2022. These amounts include matching contributions Waste Connections made under the Deferred Compensation Plan, described below. | text | 42100 | monetaryItemType | text: <entity> 42100 </entity> <entity type> monetaryItemType </entity type> <context> Total employer expenses, including employer matching contributions, for the DPSP and 401(k) Plans were $ 46,489 , $ 42,100 and $ 37,165 , respectively, during the years ended December 31, 2024, 2023 and 2022. These amounts include matching contributions Waste Connections made under the Deferred Compensation Plan, described below. </context> | us-gaap:PensionAndOtherPostretirementBenefitExpense |
Total employer expenses, including employer matching contributions, for the DPSP and 401(k) Plans were $ 46,489 , $ 42,100 and $ 37,165 , respectively, during the years ended December 31, 2024, 2023 and 2022. These amounts include matching contributions Waste Connections made under the Deferred Compensation Plan, described below. | text | 37165 | monetaryItemType | text: <entity> 37165 </entity> <entity type> monetaryItemType </entity type> <context> Total employer expenses, including employer matching contributions, for the DPSP and 401(k) Plans were $ 46,489 , $ 42,100 and $ 37,165 , respectively, during the years ended December 31, 2024, 2023 and 2022. These amounts include matching contributions Waste Connections made under the Deferred Compensation Plan, described below. </context> | us-gaap:PensionAndOtherPostretirementBenefitExpense |
Deferred Compensation Plan: The Waste Connections US, Inc. Nonqualified Deferred Compensation Plan was assumed by the Company on June 1, 2016 (as amended, restated, assumed, supplemented or otherwise modified from time to time, the “Deferred Compensation Plan”). The Deferred Compensation Plan is a non-qualified deferred compensation program under which the eligible participants, including officers and certain employees who meet a minimum salary threshold, may voluntarily elect to defer up to 80 % of their base salaries and up to 100 % of their bonuses, commissions and restricted share unit grants. Effective as of December 1, 2014, the Board of Directors determined to discontinue the option to allow eligible participants to defer restricted share unit grants pursuant to the Deferred Compensation Plan. Members of the Company’s Board of Directors are eligible to participate in the Deferred Compensation Plan with respect to their director fees. Although the Company periodically contributes the amount of its obligation under the plan to a trust for the benefit of the participants, any compensation deferred under the Deferred Compensation Plan constitutes an unsecured obligation of the Company to pay the participants in the future and, as such, is subject to the claims of other creditors in the event of insolvency proceedings. Participants may elect certain future distribution dates on which all or a portion of their accounts will be paid to them, including in the case of a change in control of the Company. Their accounts will be distributed to them in cash, except for amounts credited with respect to deferred restricted share unit grants, which will be distributed in the Company’s common shares pursuant to the 2004 Plan. In addition to the amount of participants’ contributions, the Company will pay participants an amount reflecting a deemed return based on the returns of various mutual funds or measurement funds selected by the participants, except in the case of restricted share units that were deferred and not subsequently exchanged into a measurement fund pursuant to the terms of the Deferred Compensation Plan, which will be credited to their accounts as Company common shares. The measurement funds are used only to determine the amount of return the Company pays to participants and participant funds are not actually invested in the measurement fund, nor are any Company common shares acquired under the Deferred Compensation Plan. For the years ended December 31, 2024, 2023 and 2022, the Company also made matching contributions to the Deferred Compensation Plan of 100 % of every dollar of a participating employee’s pre-tax eligible contributions until the employee’s contributions equaled 5 % of the employee’s eligible compensation, less the amount of any match the Company made on behalf of the employee under the Waste Connections 401(k) Plan, and subject to certain deferral limitations imposed by the U.S. Internal Revenue Code on 401(k) plans. The Company’s total liability for deferred compensation at December 31, 2024 and 2023 was $ 36,006 and $ 42,270 , respectively, which was recorded in Other long-term liabilities in the Consolidated Balance Sheets. | text | 36006 | monetaryItemType | text: <entity> 36006 </entity> <entity type> monetaryItemType </entity type> <context> Deferred Compensation Plan: The Waste Connections US, Inc. Nonqualified Deferred Compensation Plan was assumed by the Company on June 1, 2016 (as amended, restated, assumed, supplemented or otherwise modified from time to time, the “Deferred Compensation Plan”). The Deferred Compensation Plan is a non-qualified deferred compensation program under which the eligible participants, including officers and certain employees who meet a minimum salary threshold, may voluntarily elect to defer up to 80 % of their base salaries and up to 100 % of their bonuses, commissions and restricted share unit grants. Effective as of December 1, 2014, the Board of Directors determined to discontinue the option to allow eligible participants to defer restricted share unit grants pursuant to the Deferred Compensation Plan. Members of the Company’s Board of Directors are eligible to participate in the Deferred Compensation Plan with respect to their director fees. Although the Company periodically contributes the amount of its obligation under the plan to a trust for the benefit of the participants, any compensation deferred under the Deferred Compensation Plan constitutes an unsecured obligation of the Company to pay the participants in the future and, as such, is subject to the claims of other creditors in the event of insolvency proceedings. Participants may elect certain future distribution dates on which all or a portion of their accounts will be paid to them, including in the case of a change in control of the Company. Their accounts will be distributed to them in cash, except for amounts credited with respect to deferred restricted share unit grants, which will be distributed in the Company’s common shares pursuant to the 2004 Plan. In addition to the amount of participants’ contributions, the Company will pay participants an amount reflecting a deemed return based on the returns of various mutual funds or measurement funds selected by the participants, except in the case of restricted share units that were deferred and not subsequently exchanged into a measurement fund pursuant to the terms of the Deferred Compensation Plan, which will be credited to their accounts as Company common shares. The measurement funds are used only to determine the amount of return the Company pays to participants and participant funds are not actually invested in the measurement fund, nor are any Company common shares acquired under the Deferred Compensation Plan. For the years ended December 31, 2024, 2023 and 2022, the Company also made matching contributions to the Deferred Compensation Plan of 100 % of every dollar of a participating employee’s pre-tax eligible contributions until the employee’s contributions equaled 5 % of the employee’s eligible compensation, less the amount of any match the Company made on behalf of the employee under the Waste Connections 401(k) Plan, and subject to certain deferral limitations imposed by the U.S. Internal Revenue Code on 401(k) plans. The Company’s total liability for deferred compensation at December 31, 2024 and 2023 was $ 36,006 and $ 42,270 , respectively, which was recorded in Other long-term liabilities in the Consolidated Balance Sheets. </context> | us-gaap:DeferredCompensationLiabilityClassifiedNoncurrent |
Deferred Compensation Plan: The Waste Connections US, Inc. Nonqualified Deferred Compensation Plan was assumed by the Company on June 1, 2016 (as amended, restated, assumed, supplemented or otherwise modified from time to time, the “Deferred Compensation Plan”). The Deferred Compensation Plan is a non-qualified deferred compensation program under which the eligible participants, including officers and certain employees who meet a minimum salary threshold, may voluntarily elect to defer up to 80 % of their base salaries and up to 100 % of their bonuses, commissions and restricted share unit grants. Effective as of December 1, 2014, the Board of Directors determined to discontinue the option to allow eligible participants to defer restricted share unit grants pursuant to the Deferred Compensation Plan. Members of the Company’s Board of Directors are eligible to participate in the Deferred Compensation Plan with respect to their director fees. Although the Company periodically contributes the amount of its obligation under the plan to a trust for the benefit of the participants, any compensation deferred under the Deferred Compensation Plan constitutes an unsecured obligation of the Company to pay the participants in the future and, as such, is subject to the claims of other creditors in the event of insolvency proceedings. Participants may elect certain future distribution dates on which all or a portion of their accounts will be paid to them, including in the case of a change in control of the Company. Their accounts will be distributed to them in cash, except for amounts credited with respect to deferred restricted share unit grants, which will be distributed in the Company’s common shares pursuant to the 2004 Plan. In addition to the amount of participants’ contributions, the Company will pay participants an amount reflecting a deemed return based on the returns of various mutual funds or measurement funds selected by the participants, except in the case of restricted share units that were deferred and not subsequently exchanged into a measurement fund pursuant to the terms of the Deferred Compensation Plan, which will be credited to their accounts as Company common shares. The measurement funds are used only to determine the amount of return the Company pays to participants and participant funds are not actually invested in the measurement fund, nor are any Company common shares acquired under the Deferred Compensation Plan. For the years ended December 31, 2024, 2023 and 2022, the Company also made matching contributions to the Deferred Compensation Plan of 100 % of every dollar of a participating employee’s pre-tax eligible contributions until the employee’s contributions equaled 5 % of the employee’s eligible compensation, less the amount of any match the Company made on behalf of the employee under the Waste Connections 401(k) Plan, and subject to certain deferral limitations imposed by the U.S. Internal Revenue Code on 401(k) plans. The Company’s total liability for deferred compensation at December 31, 2024 and 2023 was $ 36,006 and $ 42,270 , respectively, which was recorded in Other long-term liabilities in the Consolidated Balance Sheets. | text | 42270 | monetaryItemType | text: <entity> 42270 </entity> <entity type> monetaryItemType </entity type> <context> Deferred Compensation Plan: The Waste Connections US, Inc. Nonqualified Deferred Compensation Plan was assumed by the Company on June 1, 2016 (as amended, restated, assumed, supplemented or otherwise modified from time to time, the “Deferred Compensation Plan”). The Deferred Compensation Plan is a non-qualified deferred compensation program under which the eligible participants, including officers and certain employees who meet a minimum salary threshold, may voluntarily elect to defer up to 80 % of their base salaries and up to 100 % of their bonuses, commissions and restricted share unit grants. Effective as of December 1, 2014, the Board of Directors determined to discontinue the option to allow eligible participants to defer restricted share unit grants pursuant to the Deferred Compensation Plan. Members of the Company’s Board of Directors are eligible to participate in the Deferred Compensation Plan with respect to their director fees. Although the Company periodically contributes the amount of its obligation under the plan to a trust for the benefit of the participants, any compensation deferred under the Deferred Compensation Plan constitutes an unsecured obligation of the Company to pay the participants in the future and, as such, is subject to the claims of other creditors in the event of insolvency proceedings. Participants may elect certain future distribution dates on which all or a portion of their accounts will be paid to them, including in the case of a change in control of the Company. Their accounts will be distributed to them in cash, except for amounts credited with respect to deferred restricted share unit grants, which will be distributed in the Company’s common shares pursuant to the 2004 Plan. In addition to the amount of participants’ contributions, the Company will pay participants an amount reflecting a deemed return based on the returns of various mutual funds or measurement funds selected by the participants, except in the case of restricted share units that were deferred and not subsequently exchanged into a measurement fund pursuant to the terms of the Deferred Compensation Plan, which will be credited to their accounts as Company common shares. The measurement funds are used only to determine the amount of return the Company pays to participants and participant funds are not actually invested in the measurement fund, nor are any Company common shares acquired under the Deferred Compensation Plan. For the years ended December 31, 2024, 2023 and 2022, the Company also made matching contributions to the Deferred Compensation Plan of 100 % of every dollar of a participating employee’s pre-tax eligible contributions until the employee’s contributions equaled 5 % of the employee’s eligible compensation, less the amount of any match the Company made on behalf of the employee under the Waste Connections 401(k) Plan, and subject to certain deferral limitations imposed by the U.S. Internal Revenue Code on 401(k) plans. The Company’s total liability for deferred compensation at December 31, 2024 and 2023 was $ 36,006 and $ 42,270 , respectively, which was recorded in Other long-term liabilities in the Consolidated Balance Sheets. </context> | us-gaap:DeferredCompensationLiabilityClassifiedNoncurrent |
On February 12, 2025 , the Company announced that its Board of Directors approved a regular quarterly cash dividend of $ 0.315 per Company common share. The dividend will be paid on March 13, 2025 , to shareholders of record on the close of business on February 27, 2025 . | text | 0.315 | perShareItemType | text: <entity> 0.315 </entity> <entity type> perShareItemType </entity type> <context> On February 12, 2025 , the Company announced that its Board of Directors approved a regular quarterly cash dividend of $ 0.315 per Company common share. The dividend will be paid on March 13, 2025 , to shareholders of record on the close of business on February 27, 2025 . </context> | us-gaap:CommonStockDividendsPerShareDeclared |
In 2023, the Company compared the reporting units’ fair value to the carrying amounts, including goodwill. As the reporting units’ carrying amount, including goodwill exceeded fair value, the Company recorded goodwill impairment charges of $ 115.2 million in 2023. The impairment is classified as goodwill impairment in the Company’s consolidated statement of operations. The goodwill impairment is not deductible for tax purposes. The fair value of the reporting unit was determined using a market and income-based approach. We consider this a Level 3 measurement in the fair value hierarchy. There was no goodwill impairment charge recorded during 2024. | text | 115.2 | monetaryItemType | text: <entity> 115.2 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, the Company compared the reporting units’ fair value to the carrying amounts, including goodwill. As the reporting units’ carrying amount, including goodwill exceeded fair value, the Company recorded goodwill impairment charges of $ 115.2 million in 2023. The impairment is classified as goodwill impairment in the Company’s consolidated statement of operations. The goodwill impairment is not deductible for tax purposes. The fair value of the reporting unit was determined using a market and income-based approach. We consider this a Level 3 measurement in the fair value hierarchy. There was no goodwill impairment charge recorded during 2024. </context> | us-gaap:GoodwillImpairmentLoss |
The Company compared the estimated undiscounted future cash flows generated by the asset groups to the carrying amount of the asset groups for the reporting units and determined that the undiscounted cash flows were expected to exceed the carrying value on a held and used basis for the EC business but did not for the small, industrial specialty chemical business. As a result, the Company recorded an impairment of $ 30.5 million in 2023 and $ 13.0 million in 2024 related to the industrial specialty chemical business. The impairment is classified as selling, general and administrative expenses in the Company’s consolidated statements of operations. The fair value of the reporting unit was determined using a market-based approach. We consider this a Level 3 measurement in the fair value hierarchy. The small, industrial specialty chemical business remains classified as an asset held-for-sale as of December 31, 2024; see Note 5 for further discussion. | text | 30.5 | monetaryItemType | text: <entity> 30.5 </entity> <entity type> monetaryItemType </entity type> <context> The Company compared the estimated undiscounted future cash flows generated by the asset groups to the carrying amount of the asset groups for the reporting units and determined that the undiscounted cash flows were expected to exceed the carrying value on a held and used basis for the EC business but did not for the small, industrial specialty chemical business. As a result, the Company recorded an impairment of $ 30.5 million in 2023 and $ 13.0 million in 2024 related to the industrial specialty chemical business. The impairment is classified as selling, general and administrative expenses in the Company’s consolidated statements of operations. The fair value of the reporting unit was determined using a market-based approach. We consider this a Level 3 measurement in the fair value hierarchy. The small, industrial specialty chemical business remains classified as an asset held-for-sale as of December 31, 2024; see Note 5 for further discussion. </context> | us-gaap:ImpairmentOfLongLivedAssetsToBeDisposedOf |
The Company compared the estimated undiscounted future cash flows generated by the asset groups to the carrying amount of the asset groups for the reporting units and determined that the undiscounted cash flows were expected to exceed the carrying value on a held and used basis for the EC business but did not for the small, industrial specialty chemical business. As a result, the Company recorded an impairment of $ 30.5 million in 2023 and $ 13.0 million in 2024 related to the industrial specialty chemical business. The impairment is classified as selling, general and administrative expenses in the Company’s consolidated statements of operations. The fair value of the reporting unit was determined using a market-based approach. We consider this a Level 3 measurement in the fair value hierarchy. The small, industrial specialty chemical business remains classified as an asset held-for-sale as of December 31, 2024; see Note 5 for further discussion. | text | 13.0 | monetaryItemType | text: <entity> 13.0 </entity> <entity type> monetaryItemType </entity type> <context> The Company compared the estimated undiscounted future cash flows generated by the asset groups to the carrying amount of the asset groups for the reporting units and determined that the undiscounted cash flows were expected to exceed the carrying value on a held and used basis for the EC business but did not for the small, industrial specialty chemical business. As a result, the Company recorded an impairment of $ 30.5 million in 2023 and $ 13.0 million in 2024 related to the industrial specialty chemical business. The impairment is classified as selling, general and administrative expenses in the Company’s consolidated statements of operations. The fair value of the reporting unit was determined using a market-based approach. We consider this a Level 3 measurement in the fair value hierarchy. The small, industrial specialty chemical business remains classified as an asset held-for-sale as of December 31, 2024; see Note 5 for further discussion. </context> | us-gaap:ImpairmentOfLongLivedAssetsToBeDisposedOf |
On July 6, 2022, the Company completed its acquisition of CMC Materials, Inc. (“CMC Materials”), a Delaware corporation, for approximately $ 6.0 billion in cash and stock (the “Acquisition”) pursuant to an Agreement and Plan of Acquisition dated as | text | 6.0 | monetaryItemType | text: <entity> 6.0 </entity> <entity type> monetaryItemType </entity type> <context> On July 6, 2022, the Company completed its acquisition of CMC Materials, Inc. (“CMC Materials”), a Delaware corporation, for approximately $ 6.0 billion in cash and stock (the “Acquisition”) pursuant to an Agreement and Plan of Acquisition dated as </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
of December 14, 2021 (the “Acquisition Agreement”). As a result of the Acquisition, CMC Materials became a wholly owned subsidiary of the Company. The Acquisition was accounted for under the acquisition method of accounting and the results of operations of CMC Materials are included in the Company's consolidated financial statements as of and since July 6, 2022. CMC Materials reports into the MS segment of the Company. Direct costs of $ 39.5 million associated with the acquisition of CMC Materials, consisting primarily of professional and consulting fees, were expensed as incurred in the twelve months ended December 31, 2022, respectively. These costs are classified as selling, general and administrative expense in the Company's consolidated statement of operations. The amounts of net sales and | text | 39.5 | monetaryItemType | text: <entity> 39.5 </entity> <entity type> monetaryItemType </entity type> <context> of December 14, 2021 (the “Acquisition Agreement”). As a result of the Acquisition, CMC Materials became a wholly owned subsidiary of the Company. The Acquisition was accounted for under the acquisition method of accounting and the results of operations of CMC Materials are included in the Company's consolidated financial statements as of and since July 6, 2022. CMC Materials reports into the MS segment of the Company. Direct costs of $ 39.5 million associated with the acquisition of CMC Materials, consisting primarily of professional and consulting fees, were expensed as incurred in the twelve months ended December 31, 2022, respectively. These costs are classified as selling, general and administrative expense in the Company's consolidated statement of operations. The amounts of net sales and </context> | us-gaap:BusinessCombinationAcquisitionRelatedCosts |
re $ 581.0 million and $ 75.8 million, respectively. | text | 581.0 | monetaryItemType | text: <entity> 581.0 </entity> <entity type> monetaryItemType </entity type> <context> re $ 581.0 million and $ 75.8 million, respectively. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
re $ 581.0 million and $ 75.8 million, respectively. | text | 75.8 | monetaryItemType | text: <entity> 75.8 </entity> <entity type> monetaryItemType </entity type> <context> re $ 581.0 million and $ 75.8 million, respectively. </context> | us-gaap:IncomeLossFromSubsidiariesNetOfTax |
Under the terms of the Acquisition Agreement, the Company paid $ 133.00 per share for all outstanding shares of CMC Materials (excluding treasury shares). In addition, the Company settled all outstanding share-based compensation awards held by CMC Materials’ employees at the same per share price except for certain unvested performance units that were replaced by the Company’s restricted share units. The acquisition method of accounting requires the Company to include the amount associated with pre-combination service as purchase price for the acquisition, reflected in the table immediately above. | text | 133.00 | perShareItemType | text: <entity> 133.00 </entity> <entity type> perShareItemType </entity type> <context> Under the terms of the Acquisition Agreement, the Company paid $ 133.00 per share for all outstanding shares of CMC Materials (excluding treasury shares). In addition, the Company settled all outstanding share-based compensation awards held by CMC Materials’ employees at the same per share price except for certain unvested performance units that were replaced by the Company’s restricted share units. The acquisition method of accounting requires the Company to include the amount associated with pre-combination service as purchase price for the acquisition, reflected in the table immediately above. </context> | us-gaap:BusinessAcquisitionSharePrice |
The Acquisition was funded with existing cash balances as well as funds raised by the Company through the issuance of debt in the form of a new term loan facility in the aggregate principal amount of $ 2,495.0 million, senior secured notes due 2029 in an aggregate principal amount of $ 1,600.0 million, senior unsecured notes due 2030 in an aggregate principal amount of $ 895.0 million, and a 364-Day Bridge Credit Facility in the aggregate principal amount of $ 275.0 million (collectively “CMC Materials Acquisition Financing”). | text | 2495.0 | monetaryItemType | text: <entity> 2495.0 </entity> <entity type> monetaryItemType </entity type> <context> The Acquisition was funded with existing cash balances as well as funds raised by the Company through the issuance of debt in the form of a new term loan facility in the aggregate principal amount of $ 2,495.0 million, senior secured notes due 2029 in an aggregate principal amount of $ 1,600.0 million, senior unsecured notes due 2030 in an aggregate principal amount of $ 895.0 million, and a 364-Day Bridge Credit Facility in the aggregate principal amount of $ 275.0 million (collectively “CMC Materials Acquisition Financing”). </context> | us-gaap:DebtInstrumentCarryingAmount |
The Acquisition was funded with existing cash balances as well as funds raised by the Company through the issuance of debt in the form of a new term loan facility in the aggregate principal amount of $ 2,495.0 million, senior secured notes due 2029 in an aggregate principal amount of $ 1,600.0 million, senior unsecured notes due 2030 in an aggregate principal amount of $ 895.0 million, and a 364-Day Bridge Credit Facility in the aggregate principal amount of $ 275.0 million (collectively “CMC Materials Acquisition Financing”). | text | 1600.0 | monetaryItemType | text: <entity> 1600.0 </entity> <entity type> monetaryItemType </entity type> <context> The Acquisition was funded with existing cash balances as well as funds raised by the Company through the issuance of debt in the form of a new term loan facility in the aggregate principal amount of $ 2,495.0 million, senior secured notes due 2029 in an aggregate principal amount of $ 1,600.0 million, senior unsecured notes due 2030 in an aggregate principal amount of $ 895.0 million, and a 364-Day Bridge Credit Facility in the aggregate principal amount of $ 275.0 million (collectively “CMC Materials Acquisition Financing”). </context> | us-gaap:DebtInstrumentCarryingAmount |
The Acquisition was funded with existing cash balances as well as funds raised by the Company through the issuance of debt in the form of a new term loan facility in the aggregate principal amount of $ 2,495.0 million, senior secured notes due 2029 in an aggregate principal amount of $ 1,600.0 million, senior unsecured notes due 2030 in an aggregate principal amount of $ 895.0 million, and a 364-Day Bridge Credit Facility in the aggregate principal amount of $ 275.0 million (collectively “CMC Materials Acquisition Financing”). | text | 895.0 | monetaryItemType | text: <entity> 895.0 </entity> <entity type> monetaryItemType </entity type> <context> The Acquisition was funded with existing cash balances as well as funds raised by the Company through the issuance of debt in the form of a new term loan facility in the aggregate principal amount of $ 2,495.0 million, senior secured notes due 2029 in an aggregate principal amount of $ 1,600.0 million, senior unsecured notes due 2030 in an aggregate principal amount of $ 895.0 million, and a 364-Day Bridge Credit Facility in the aggregate principal amount of $ 275.0 million (collectively “CMC Materials Acquisition Financing”). </context> | us-gaap:DebtInstrumentCarryingAmount |
The Acquisition was funded with existing cash balances as well as funds raised by the Company through the issuance of debt in the form of a new term loan facility in the aggregate principal amount of $ 2,495.0 million, senior secured notes due 2029 in an aggregate principal amount of $ 1,600.0 million, senior unsecured notes due 2030 in an aggregate principal amount of $ 895.0 million, and a 364-Day Bridge Credit Facility in the aggregate principal amount of $ 275.0 million (collectively “CMC Materials Acquisition Financing”). | text | 275.0 | monetaryItemType | text: <entity> 275.0 </entity> <entity type> monetaryItemType </entity type> <context> The Acquisition was funded with existing cash balances as well as funds raised by the Company through the issuance of debt in the form of a new term loan facility in the aggregate principal amount of $ 2,495.0 million, senior secured notes due 2029 in an aggregate principal amount of $ 1,600.0 million, senior unsecured notes due 2030 in an aggregate principal amount of $ 895.0 million, and a 364-Day Bridge Credit Facility in the aggregate principal amount of $ 275.0 million (collectively “CMC Materials Acquisition Financing”). </context> | us-gaap:DebtInstrumentCarryingAmount |
The fair value of acquired inventories was $ 256.6 million and was valued at the estimated selling price less the cost of disposal and reasonable profit for the selling effort. The fair value write-up of acquired finished goods inventory was $ 61.9 million. This | text | 256.6 | monetaryItemType | text: <entity> 256.6 </entity> <entity type> monetaryItemType </entity type> <context> The fair value of acquired inventories was $ 256.6 million and was valued at the estimated selling price less the cost of disposal and reasonable profit for the selling effort. The fair value write-up of acquired finished goods inventory was $ 61.9 million. This </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory |
The fair value of acquired property, plant and equipment of $ 537.4 million is valued at its fair value assuming held and used, unless market data was available supporting the fair value. | text | 537.4 | monetaryItemType | text: <entity> 537.4 </entity> <entity type> monetaryItemType </entity type> <context> The fair value of acquired property, plant and equipment of $ 537.4 million is valued at its fair value assuming held and used, unless market data was available supporting the fair value. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment |
The purchase price of CMC Materials exceeded the fair value of the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities assumed by $ 3,627.4 million. Cash flows used to determine the purchase price included strategic and synergistic benefits (investment value) specific to the Company, which resulted in a purchase price in excess of the fair value of identifiable net assets. The purchase price also included the fair values of other assets that were not identifiable, not separately recognizable under accounting rules (e.g., assembled workforce) or of immaterial value in addition to a going-concern element that represents the Company’s ability to earn a higher rate of return on the group of assets than would be expected on the separate assets as determined during the valuation process. This additional investment value resulted in goodwill. No amount of goodwill is expected to be deductible for tax purposes. | text | 3627.4 | monetaryItemType | text: <entity> 3627.4 </entity> <entity type> monetaryItemType </entity type> <context> The purchase price of CMC Materials exceeded the fair value of the net of the acquisition-date amounts of the identifiable assets acquired and the liabilities assumed by $ 3,627.4 million. Cash flows used to determine the purchase price included strategic and synergistic benefits (investment value) specific to the Company, which resulted in a purchase price in excess of the fair value of identifiable net assets. The purchase price also included the fair values of other assets that were not identifiable, not separately recognizable under accounting rules (e.g., assembled workforce) or of immaterial value in addition to a going-concern element that represents the Company’s ability to earn a higher rate of return on the group of assets than would be expected on the separate assets as determined during the valuation process. This additional investment value resulted in goodwill. No amount of goodwill is expected to be deductible for tax purposes. </context> | us-gaap:GoodwillFairValueDisclosure |
The elimination of interest expense associated with the repayment of the $ 145.0 million senior secured term loan facility due 2025. | text | 145.0 | monetaryItemType | text: <entity> 145.0 </entity> <entity type> monetaryItemType </entity type> <context> The elimination of interest expense associated with the repayment of the $ 145.0 million senior secured term loan facility due 2025. </context> | us-gaap:RepaymentsOfDebt |
The income tax effect of the transaction accounting adjustments related to the Acquisition calculated using a blended statutory income tax rate of 22.5 %. | text | 22.5 | percentItemType | text: <entity> 22.5 </entity> <entity type> percentItemType </entity type> <context> The income tax effect of the transaction accounting adjustments related to the Acquisition calculated using a blended statutory income tax rate of 22.5 %. </context> | us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate |
Assets held-for-sale and liabilities held-for-sale recorded on the balance sheet were $ 5.5 million and $ 1.2 million, respectively, as of December 31, 2024. The loss before income taxes attributable to the business was not significant for the twelve months ended December 31, 2024, except for the impairment charge of $ 13.0 million as noted in Note 3 for the twelve months ended December 31, 2024. | text | 5.5 | monetaryItemType | text: <entity> 5.5 </entity> <entity type> monetaryItemType </entity type> <context> Assets held-for-sale and liabilities held-for-sale recorded on the balance sheet were $ 5.5 million and $ 1.2 million, respectively, as of December 31, 2024. The loss before income taxes attributable to the business was not significant for the twelve months ended December 31, 2024, except for the impairment charge of $ 13.0 million as noted in Note 3 for the twelve months ended December 31, 2024. </context> | us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperation |
Assets held-for-sale and liabilities held-for-sale recorded on the balance sheet were $ 5.5 million and $ 1.2 million, respectively, as of December 31, 2024. The loss before income taxes attributable to the business was not significant for the twelve months ended December 31, 2024, except for the impairment charge of $ 13.0 million as noted in Note 3 for the twelve months ended December 31, 2024. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> Assets held-for-sale and liabilities held-for-sale recorded on the balance sheet were $ 5.5 million and $ 1.2 million, respectively, as of December 31, 2024. The loss before income taxes attributable to the business was not significant for the twelve months ended December 31, 2024, except for the impairment charge of $ 13.0 million as noted in Note 3 for the twelve months ended December 31, 2024. </context> | us-gaap:LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation |
Assets held-for-sale and liabilities held-for-sale recorded on the balance sheet were $ 5.5 million and $ 1.2 million, respectively, as of December 31, 2024. The loss before income taxes attributable to the business was not significant for the twelve months ended December 31, 2024, except for the impairment charge of $ 13.0 million as noted in Note 3 for the twelve months ended December 31, 2024. | text | 13.0 | monetaryItemType | text: <entity> 13.0 </entity> <entity type> monetaryItemType </entity type> <context> Assets held-for-sale and liabilities held-for-sale recorded on the balance sheet were $ 5.5 million and $ 1.2 million, respectively, as of December 31, 2024. The loss before income taxes attributable to the business was not significant for the twelve months ended December 31, 2024, except for the impairment charge of $ 13.0 million as noted in Note 3 for the twelve months ended December 31, 2024. </context> | us-gaap:AssetImpairmentCharges |
The Company received gross cash proceeds of $ 263.2 million, or net proceeds of $ 256.2 million, and may receive up to $ 25.0 million in cash earn-out payments contingent upon the performance of the PIM business in 2025 and 2026. | text | 263.2 | monetaryItemType | text: <entity> 263.2 </entity> <entity type> monetaryItemType </entity type> <context> The Company received gross cash proceeds of $ 263.2 million, or net proceeds of $ 256.2 million, and may receive up to $ 25.0 million in cash earn-out payments contingent upon the performance of the PIM business in 2025 and 2026. </context> | us-gaap:ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates |
The Company received gross cash proceeds of $ 263.2 million, or net proceeds of $ 256.2 million, and may receive up to $ 25.0 million in cash earn-out payments contingent upon the performance of the PIM business in 2025 and 2026. | text | 256.2 | monetaryItemType | text: <entity> 256.2 </entity> <entity type> monetaryItemType </entity type> <context> The Company received gross cash proceeds of $ 263.2 million, or net proceeds of $ 256.2 million, and may receive up to $ 25.0 million in cash earn-out payments contingent upon the performance of the PIM business in 2025 and 2026. </context> | us-gaap:ProceedsFromDivestitureOfBusinessesNetOfCashDivested |
The Company received gross cash proceeds of $ 263.2 million, or net proceeds of $ 256.2 million, and may receive up to $ 25.0 million in cash earn-out payments contingent upon the performance of the PIM business in 2025 and 2026. | text | 25.0 | monetaryItemType | text: <entity> 25.0 </entity> <entity type> monetaryItemType </entity type> <context> The Company received gross cash proceeds of $ 263.2 million, or net proceeds of $ 256.2 million, and may receive up to $ 25.0 million in cash earn-out payments contingent upon the performance of the PIM business in 2025 and 2026. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationConsideration |
As a result of the sale of the PIM business, the Company recognized a pre-tax gain of $ 4.3 million, inclusive of a $ 1.0 million gain reclassified from Accumulated other comprehensive loss for foreign currency translation, presented in Selling, general and administrative expenses in the consolidated statements of operations for the year ended December 31, 2024. The Company recorded an income tax expense associated with the PIM divestiture of approximately $ 1.0 million for the year ended December 31, 2024. | text | 4.3 | monetaryItemType | text: <entity> 4.3 </entity> <entity type> monetaryItemType </entity type> <context> As a result of the sale of the PIM business, the Company recognized a pre-tax gain of $ 4.3 million, inclusive of a $ 1.0 million gain reclassified from Accumulated other comprehensive loss for foreign currency translation, presented in Selling, general and administrative expenses in the consolidated statements of operations for the year ended December 31, 2024. The Company recorded an income tax expense associated with the PIM divestiture of approximately $ 1.0 million for the year ended December 31, 2024. </context> | us-gaap:DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax |
As a result of the sale of the PIM business, the Company recognized a pre-tax gain of $ 4.3 million, inclusive of a $ 1.0 million gain reclassified from Accumulated other comprehensive loss for foreign currency translation, presented in Selling, general and administrative expenses in the consolidated statements of operations for the year ended December 31, 2024. The Company recorded an income tax expense associated with the PIM divestiture of approximately $ 1.0 million for the year ended December 31, 2024. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> As a result of the sale of the PIM business, the Company recognized a pre-tax gain of $ 4.3 million, inclusive of a $ 1.0 million gain reclassified from Accumulated other comprehensive loss for foreign currency translation, presented in Selling, general and administrative expenses in the consolidated statements of operations for the year ended December 31, 2024. The Company recorded an income tax expense associated with the PIM divestiture of approximately $ 1.0 million for the year ended December 31, 2024. </context> | us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax |
As a result of the sale of the PIM business, the Company recognized a pre-tax gain of $ 4.3 million, inclusive of a $ 1.0 million gain reclassified from Accumulated other comprehensive loss for foreign currency translation, presented in Selling, general and administrative expenses in the consolidated statements of operations for the year ended December 31, 2024. The Company recorded an income tax expense associated with the PIM divestiture of approximately $ 1.0 million for the year ended December 31, 2024. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> As a result of the sale of the PIM business, the Company recognized a pre-tax gain of $ 4.3 million, inclusive of a $ 1.0 million gain reclassified from Accumulated other comprehensive loss for foreign currency translation, presented in Selling, general and administrative expenses in the consolidated statements of operations for the year ended December 31, 2024. The Company recorded an income tax expense associated with the PIM divestiture of approximately $ 1.0 million for the year ended December 31, 2024. </context> | us-gaap:DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod |
On March 1, 2023, the Company completed the divestiture of QED. The Company received proceeds of $ 134.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the QED business was approximately $ 149.2 million. As a result of the QED divestiture, the Company recognized a pre-tax loss of $ 14.9 million presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax expense associated with the QED divestiture of approximately $ 16.9 million in the twelve months ended December 31, 2023. | text | 134.3 | monetaryItemType | text: <entity> 134.3 </entity> <entity type> monetaryItemType </entity type> <context> On March 1, 2023, the Company completed the divestiture of QED. The Company received proceeds of $ 134.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the QED business was approximately $ 149.2 million. As a result of the QED divestiture, the Company recognized a pre-tax loss of $ 14.9 million presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax expense associated with the QED divestiture of approximately $ 16.9 million in the twelve months ended December 31, 2023. </context> | us-gaap:ProceedsFromDivestitureOfBusinessesNetOfCashDivested |
On March 1, 2023, the Company completed the divestiture of QED. The Company received proceeds of $ 134.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the QED business was approximately $ 149.2 million. As a result of the QED divestiture, the Company recognized a pre-tax loss of $ 14.9 million presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax expense associated with the QED divestiture of approximately $ 16.9 million in the twelve months ended December 31, 2023. | text | 14.9 | monetaryItemType | text: <entity> 14.9 </entity> <entity type> monetaryItemType </entity type> <context> On March 1, 2023, the Company completed the divestiture of QED. The Company received proceeds of $ 134.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the QED business was approximately $ 149.2 million. As a result of the QED divestiture, the Company recognized a pre-tax loss of $ 14.9 million presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax expense associated with the QED divestiture of approximately $ 16.9 million in the twelve months ended December 31, 2023. </context> | us-gaap:DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax |
On March 1, 2023, the Company completed the divestiture of QED. The Company received proceeds of $ 134.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the QED business was approximately $ 149.2 million. As a result of the QED divestiture, the Company recognized a pre-tax loss of $ 14.9 million presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax expense associated with the QED divestiture of approximately $ 16.9 million in the twelve months ended December 31, 2023. | text | 16.9 | monetaryItemType | text: <entity> 16.9 </entity> <entity type> monetaryItemType </entity type> <context> On March 1, 2023, the Company completed the divestiture of QED. The Company received proceeds of $ 134.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the QED business was approximately $ 149.2 million. As a result of the QED divestiture, the Company recognized a pre-tax loss of $ 14.9 million presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax expense associated with the QED divestiture of approximately $ 16.9 million in the twelve months ended December 31, 2023. </context> | us-gaap:DiscontinuedOperationTaxEffectOfDiscontinuedOperation |
On October 2, 2023, the Company completed the divestiture of its EC business. The Company received proceeds of $ 675.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the EC business was approximately $ 681.5 million. As a result of the EC business divestiture, the Company recognized a pre-tax loss of $ 8.9 million, including a $ 2.6 million loss reclassified from accumulated other comprehensive income for foreign currency translation and minimum pension liability, presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax benefit associated with the EC business divestiture of approximately $ 63.4 million in the twelve months ended December 31, 2023. | text | 675.3 | monetaryItemType | text: <entity> 675.3 </entity> <entity type> monetaryItemType </entity type> <context> On October 2, 2023, the Company completed the divestiture of its EC business. The Company received proceeds of $ 675.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the EC business was approximately $ 681.5 million. As a result of the EC business divestiture, the Company recognized a pre-tax loss of $ 8.9 million, including a $ 2.6 million loss reclassified from accumulated other comprehensive income for foreign currency translation and minimum pension liability, presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax benefit associated with the EC business divestiture of approximately $ 63.4 million in the twelve months ended December 31, 2023. </context> | us-gaap:ProceedsFromDivestitureOfBusinessesNetOfCashDivested |
On October 2, 2023, the Company completed the divestiture of its EC business. The Company received proceeds of $ 675.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the EC business was approximately $ 681.5 million. As a result of the EC business divestiture, the Company recognized a pre-tax loss of $ 8.9 million, including a $ 2.6 million loss reclassified from accumulated other comprehensive income for foreign currency translation and minimum pension liability, presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax benefit associated with the EC business divestiture of approximately $ 63.4 million in the twelve months ended December 31, 2023. | text | 8.9 | monetaryItemType | text: <entity> 8.9 </entity> <entity type> monetaryItemType </entity type> <context> On October 2, 2023, the Company completed the divestiture of its EC business. The Company received proceeds of $ 675.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the EC business was approximately $ 681.5 million. As a result of the EC business divestiture, the Company recognized a pre-tax loss of $ 8.9 million, including a $ 2.6 million loss reclassified from accumulated other comprehensive income for foreign currency translation and minimum pension liability, presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax benefit associated with the EC business divestiture of approximately $ 63.4 million in the twelve months ended December 31, 2023. </context> | us-gaap:DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax |
On October 2, 2023, the Company completed the divestiture of its EC business. The Company received proceeds of $ 675.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the EC business was approximately $ 681.5 million. As a result of the EC business divestiture, the Company recognized a pre-tax loss of $ 8.9 million, including a $ 2.6 million loss reclassified from accumulated other comprehensive income for foreign currency translation and minimum pension liability, presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax benefit associated with the EC business divestiture of approximately $ 63.4 million in the twelve months ended December 31, 2023. | text | 2.6 | monetaryItemType | text: <entity> 2.6 </entity> <entity type> monetaryItemType </entity type> <context> On October 2, 2023, the Company completed the divestiture of its EC business. The Company received proceeds of $ 675.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the EC business was approximately $ 681.5 million. As a result of the EC business divestiture, the Company recognized a pre-tax loss of $ 8.9 million, including a $ 2.6 million loss reclassified from accumulated other comprehensive income for foreign currency translation and minimum pension liability, presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax benefit associated with the EC business divestiture of approximately $ 63.4 million in the twelve months ended December 31, 2023. </context> | us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax |
On October 2, 2023, the Company completed the divestiture of its EC business. The Company received proceeds of $ 675.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the EC business was approximately $ 681.5 million. As a result of the EC business divestiture, the Company recognized a pre-tax loss of $ 8.9 million, including a $ 2.6 million loss reclassified from accumulated other comprehensive income for foreign currency translation and minimum pension liability, presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax benefit associated with the EC business divestiture of approximately $ 63.4 million in the twelve months ended December 31, 2023. | text | 63.4 | monetaryItemType | text: <entity> 63.4 </entity> <entity type> monetaryItemType </entity type> <context> On October 2, 2023, the Company completed the divestiture of its EC business. The Company received proceeds of $ 675.3 million, net of final adjustments with respect to cash, working capital, indebtedness and transaction expenses. The carrying amount of net assets associated with the EC business was approximately $ 681.5 million. As a result of the EC business divestiture, the Company recognized a pre-tax loss of $ 8.9 million, including a $ 2.6 million loss reclassified from accumulated other comprehensive income for foreign currency translation and minimum pension liability, presented in selling, general and administrative expenses on the consolidated statements of operations for the twelve months ended December 31, 2023. The Company recorded an income tax benefit associated with the EC business divestiture of approximately $ 63.4 million in the twelve months ended December 31, 2023. </context> | us-gaap:DiscontinuedOperationTaxEffectOfDiscontinuedOperation |
On June 5, 2023, the Company announced the termination of the Alliance Agreement (the “Alliance Agreement”) between the Company and MacDermid Enthone Inc., a global business unit of Element Solutions Inc (“MacDermid Enthone”). Under the Alliance Agreement, Entegris had been granted the exclusive right to distribute MacDermid Enthone's Viaform products, subject to certain conditions. In connection with the termination of the Alliance Agreement, Entegris received net proceeds of $ 191.2 million for the twelve months ended December 31, 2023. The Company recognized a pre-tax gain of $ 184.8 million (tax expense of $ 41.7 million) presented in gain on termination of the Alliance Agreement on the consolidated statements of operations for the twelve months ended December 31, 2023. | text | 191.2 | monetaryItemType | text: <entity> 191.2 </entity> <entity type> monetaryItemType </entity type> <context> On June 5, 2023, the Company announced the termination of the Alliance Agreement (the “Alliance Agreement”) between the Company and MacDermid Enthone Inc., a global business unit of Element Solutions Inc (“MacDermid Enthone”). Under the Alliance Agreement, Entegris had been granted the exclusive right to distribute MacDermid Enthone's Viaform products, subject to certain conditions. In connection with the termination of the Alliance Agreement, Entegris received net proceeds of $ 191.2 million for the twelve months ended December 31, 2023. The Company recognized a pre-tax gain of $ 184.8 million (tax expense of $ 41.7 million) presented in gain on termination of the Alliance Agreement on the consolidated statements of operations for the twelve months ended December 31, 2023. </context> | us-gaap:ProceedsFromDivestitureOfBusinesses |
On June 5, 2023, the Company announced the termination of the Alliance Agreement (the “Alliance Agreement”) between the Company and MacDermid Enthone Inc., a global business unit of Element Solutions Inc (“MacDermid Enthone”). Under the Alliance Agreement, Entegris had been granted the exclusive right to distribute MacDermid Enthone's Viaform products, subject to certain conditions. In connection with the termination of the Alliance Agreement, Entegris received net proceeds of $ 191.2 million for the twelve months ended December 31, 2023. The Company recognized a pre-tax gain of $ 184.8 million (tax expense of $ 41.7 million) presented in gain on termination of the Alliance Agreement on the consolidated statements of operations for the twelve months ended December 31, 2023. | text | 184.8 | monetaryItemType | text: <entity> 184.8 </entity> <entity type> monetaryItemType </entity type> <context> On June 5, 2023, the Company announced the termination of the Alliance Agreement (the “Alliance Agreement”) between the Company and MacDermid Enthone Inc., a global business unit of Element Solutions Inc (“MacDermid Enthone”). Under the Alliance Agreement, Entegris had been granted the exclusive right to distribute MacDermid Enthone's Viaform products, subject to certain conditions. In connection with the termination of the Alliance Agreement, Entegris received net proceeds of $ 191.2 million for the twelve months ended December 31, 2023. The Company recognized a pre-tax gain of $ 184.8 million (tax expense of $ 41.7 million) presented in gain on termination of the Alliance Agreement on the consolidated statements of operations for the twelve months ended December 31, 2023. </context> | us-gaap:GainLossOnContractTermination |
Includes consignment inventories held by customers of $ 24.0 million and $ 20.8 million at December 31, 2024 and 2023, respectively. | text | 24.0 | monetaryItemType | text: <entity> 24.0 </entity> <entity type> monetaryItemType </entity type> <context> Includes consignment inventories held by customers of $ 24.0 million and $ 20.8 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment |
Includes consignment inventories held by customers of $ 24.0 million and $ 20.8 million at December 31, 2024 and 2023, respectively. | text | 20.8 | monetaryItemType | text: <entity> 20.8 </entity> <entity type> monetaryItemType </entity type> <context> Includes consignment inventories held by customers of $ 24.0 million and $ 20.8 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment |
As of December 31, 2024, goodwill amounted to approximately $ 3,943.6 million, a decrease of $ 2.3 million from the balance at December 31, 2023, relating to foreign currency translation. As described in Note 20, the Company realigned its segments in the fourth quarter of 2024. The Company combined its previous segments, Advanced Materials Handing and Microcontamination Control into the new APS segment. We completed an assessment of any potential goodwill impairment for all reporting units immediately prior and subsequent to the reallocation and determined that no impairment existed. | text | 3943.6 | monetaryItemType | text: <entity> 3943.6 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, goodwill amounted to approximately $ 3,943.6 million, a decrease of $ 2.3 million from the balance at December 31, 2023, relating to foreign currency translation. As described in Note 20, the Company realigned its segments in the fourth quarter of 2024. The Company combined its previous segments, Advanced Materials Handing and Microcontamination Control into the new APS segment. We completed an assessment of any potential goodwill impairment for all reporting units immediately prior and subsequent to the reallocation and determined that no impairment existed. </context> | us-gaap:Goodwill |
As of December 31, 2024, goodwill amounted to approximately $ 3,943.6 million, a decrease of $ 2.3 million from the balance at December 31, 2023, relating to foreign currency translation. As described in Note 20, the Company realigned its segments in the fourth quarter of 2024. The Company combined its previous segments, Advanced Materials Handing and Microcontamination Control into the new APS segment. We completed an assessment of any potential goodwill impairment for all reporting units immediately prior and subsequent to the reallocation and determined that no impairment existed. | text | 2.3 | monetaryItemType | text: <entity> 2.3 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, goodwill amounted to approximately $ 3,943.6 million, a decrease of $ 2.3 million from the balance at December 31, 2023, relating to foreign currency translation. As described in Note 20, the Company realigned its segments in the fourth quarter of 2024. The Company combined its previous segments, Advanced Materials Handing and Microcontamination Control into the new APS segment. We completed an assessment of any potential goodwill impairment for all reporting units immediately prior and subsequent to the reallocation and determined that no impairment existed. </context> | us-gaap:GoodwillForeignCurrencyTranslationGainLoss |
The Company entered into a floating-to-fixed swap contract on its variable rate debt under our senior secured term loan facility due 2029. The effective interest rate after consideration of this floating-to-fixed swap contract was 4.71 %. Refer to Note 12 for a description of our interest rate swap contract. | text | 4.71 | percentItemType | text: <entity> 4.71 </entity> <entity type> percentItemType </entity type> <context> The Company entered into a floating-to-fixed swap contract on its variable rate debt under our senior secured term loan facility due 2029. The effective interest rate after consideration of this floating-to-fixed swap contract was 4.71 %. Refer to Note 12 for a description of our interest rate swap contract. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Our senior secured revolving credit facility due 2027 (the “Revolving Facility”) bears interest at a rate per annum equal to SOFR, plus an applicable margin of 1.75 %. The Revolving Facility has commitments of $ 575.0 million . | text | 1.75 | percentItemType | text: <entity> 1.75 </entity> <entity type> percentItemType </entity type> <context> Our senior secured revolving credit facility due 2027 (the “Revolving Facility”) bears interest at a rate per annum equal to SOFR, plus an applicable margin of 1.75 %. The Revolving Facility has commitments of $ 575.0 million . </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The Third Amendment provides for, among other things, the reduction of the applicable rate of the Company’s outstanding senior secured term loans B under the Existing Credit Agreement. After giving effect to the Third Amendment, such outstanding term loans B bear interest, at a rate per annum equal to, at the Company’s option, either (i) Term SOFR plus an applicable margin of 1.75 % or (ii) a base rate plus an applicable margin of 0.75 %. Other than as described herein (and more fully described in the Third Amendment), the terms of the Amended Credit Agreement are substantially similar to the terms of the Existing Credit Agreement. In connection with the Third Amendment, the Company made a prepayment of $ 354.5 million on the term loans B. | text | 1.75 | percentItemType | text: <entity> 1.75 </entity> <entity type> percentItemType </entity type> <context> The Third Amendment provides for, among other things, the reduction of the applicable rate of the Company’s outstanding senior secured term loans B under the Existing Credit Agreement. After giving effect to the Third Amendment, such outstanding term loans B bear interest, at a rate per annum equal to, at the Company’s option, either (i) Term SOFR plus an applicable margin of 1.75 % or (ii) a base rate plus an applicable margin of 0.75 %. Other than as described herein (and more fully described in the Third Amendment), the terms of the Amended Credit Agreement are substantially similar to the terms of the Existing Credit Agreement. In connection with the Third Amendment, the Company made a prepayment of $ 354.5 million on the term loans B. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The Third Amendment provides for, among other things, the reduction of the applicable rate of the Company’s outstanding senior secured term loans B under the Existing Credit Agreement. After giving effect to the Third Amendment, such outstanding term loans B bear interest, at a rate per annum equal to, at the Company’s option, either (i) Term SOFR plus an applicable margin of 1.75 % or (ii) a base rate plus an applicable margin of 0.75 %. Other than as described herein (and more fully described in the Third Amendment), the terms of the Amended Credit Agreement are substantially similar to the terms of the Existing Credit Agreement. In connection with the Third Amendment, the Company made a prepayment of $ 354.5 million on the term loans B. | text | 0.75 | percentItemType | text: <entity> 0.75 </entity> <entity type> percentItemType </entity type> <context> The Third Amendment provides for, among other things, the reduction of the applicable rate of the Company’s outstanding senior secured term loans B under the Existing Credit Agreement. After giving effect to the Third Amendment, such outstanding term loans B bear interest, at a rate per annum equal to, at the Company’s option, either (i) Term SOFR plus an applicable margin of 1.75 % or (ii) a base rate plus an applicable margin of 0.75 %. Other than as described herein (and more fully described in the Third Amendment), the terms of the Amended Credit Agreement are substantially similar to the terms of the Existing Credit Agreement. In connection with the Third Amendment, the Company made a prepayment of $ 354.5 million on the term loans B. </context> | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The Third Amendment provides for, among other things, the reduction of the applicable rate of the Company’s outstanding senior secured term loans B under the Existing Credit Agreement. After giving effect to the Third Amendment, such outstanding term loans B bear interest, at a rate per annum equal to, at the Company’s option, either (i) Term SOFR plus an applicable margin of 1.75 % or (ii) a base rate plus an applicable margin of 0.75 %. Other than as described herein (and more fully described in the Third Amendment), the terms of the Amended Credit Agreement are substantially similar to the terms of the Existing Credit Agreement. In connection with the Third Amendment, the Company made a prepayment of $ 354.5 million on the term loans B. | text | 354.5 | monetaryItemType | text: <entity> 354.5 </entity> <entity type> monetaryItemType </entity type> <context> The Third Amendment provides for, among other things, the reduction of the applicable rate of the Company’s outstanding senior secured term loans B under the Existing Credit Agreement. After giving effect to the Third Amendment, such outstanding term loans B bear interest, at a rate per annum equal to, at the Company’s option, either (i) Term SOFR plus an applicable margin of 1.75 % or (ii) a base rate plus an applicable margin of 0.75 %. Other than as described herein (and more fully described in the Third Amendment), the terms of the Amended Credit Agreement are substantially similar to the terms of the Existing Credit Agreement. In connection with the Third Amendment, the Company made a prepayment of $ 354.5 million on the term loans B. </context> | us-gaap:RepaymentsOfLongTermDebt |
During the twelve months ended December 31, 2024, the Company has repaid $ 623.8 million of the outstanding borrowings under the term loans B. In connection with these repayments and entry into the Third Amendment, the Company incurred a pre-tax loss on extinguishment and modification of debt of $ 14.3 million for the twelve months ended December 31, 2024, which is included in Other expense, net on the consolidated statements of operations. | text | 623.8 | monetaryItemType | text: <entity> 623.8 </entity> <entity type> monetaryItemType </entity type> <context> During the twelve months ended December 31, 2024, the Company has repaid $ 623.8 million of the outstanding borrowings under the term loans B. In connection with these repayments and entry into the Third Amendment, the Company incurred a pre-tax loss on extinguishment and modification of debt of $ 14.3 million for the twelve months ended December 31, 2024, which is included in Other expense, net on the consolidated statements of operations. </context> | us-gaap:RepaymentsOfLongTermDebt |
During the twelve months ended December 31, 2024, the Company has repaid $ 623.8 million of the outstanding borrowings under the term loans B. In connection with these repayments and entry into the Third Amendment, the Company incurred a pre-tax loss on extinguishment and modification of debt of $ 14.3 million for the twelve months ended December 31, 2024, which is included in Other expense, net on the consolidated statements of operations. | text | 14.3 | monetaryItemType | text: <entity> 14.3 </entity> <entity type> monetaryItemType </entity type> <context> During the twelve months ended December 31, 2024, the Company has repaid $ 623.8 million of the outstanding borrowings under the term loans B. In connection with these repayments and entry into the Third Amendment, the Company incurred a pre-tax loss on extinguishment and modification of debt of $ 14.3 million for the twelve months ended December 31, 2024, which is included in Other expense, net on the consolidated statements of operations. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
We expect approximately $ 7.1 million to be reclassified from Accumulated other comprehensive loss into Interest expense during the next twelve months related to our interest rate swap based on projected rates of the SOFR forward curve as of December 31, 2024. | text | 7.1 | monetaryItemType | text: <entity> 7.1 </entity> <entity type> monetaryItemType </entity type> <context> We expect approximately $ 7.1 million to be reclassified from Accumulated other comprehensive loss into Interest expense during the next twelve months related to our interest rate swap based on projected rates of the SOFR forward curve as of December 31, 2024. </context> | us-gaap:DerivativeAssets |
During the fourth quarter of 2024, the Company settled patent infringement litigation and received net proceeds of $ 20.0 million. | text | 20.0 | monetaryItemType | text: <entity> 20.0 </entity> <entity type> monetaryItemType </entity type> <context> During the fourth quarter of 2024, the Company settled patent infringement litigation and received net proceeds of $ 20.0 million. </context> | us-gaap:LitigationSettlementGain |
The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $ 27.7 million ($ 0.18 per diluted share), $ 19.7 million ($ 0.13 per diluted share) and $ 24.8 million ($ 0.17 per diluted share) for the years ending December 31, 2024, 2023 and 2022, respectively. The 2024, 2023 and 2022 effective tax rates include additional benefits of $ 17.1 million, $ 12.1 million and $ 14.2 million because the corporate tax rate in Singapore is lower than the U.S. rate. | text | 27.7 | monetaryItemType | text: <entity> 27.7 </entity> <entity type> monetaryItemType </entity type> <context> The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $ 27.7 million ($ 0.18 per diluted share), $ 19.7 million ($ 0.13 per diluted share) and $ 24.8 million ($ 0.17 per diluted share) for the years ending December 31, 2024, 2023 and 2022, respectively. The 2024, 2023 and 2022 effective tax rates include additional benefits of $ 17.1 million, $ 12.1 million and $ 14.2 million because the corporate tax rate in Singapore is lower than the U.S. rate. </context> | us-gaap:IncomeTaxHolidayAggregateDollarAmount |
The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $ 27.7 million ($ 0.18 per diluted share), $ 19.7 million ($ 0.13 per diluted share) and $ 24.8 million ($ 0.17 per diluted share) for the years ending December 31, 2024, 2023 and 2022, respectively. The 2024, 2023 and 2022 effective tax rates include additional benefits of $ 17.1 million, $ 12.1 million and $ 14.2 million because the corporate tax rate in Singapore is lower than the U.S. rate. | text | 0.18 | perShareItemType | text: <entity> 0.18 </entity> <entity type> perShareItemType </entity type> <context> The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $ 27.7 million ($ 0.18 per diluted share), $ 19.7 million ($ 0.13 per diluted share) and $ 24.8 million ($ 0.17 per diluted share) for the years ending December 31, 2024, 2023 and 2022, respectively. The 2024, 2023 and 2022 effective tax rates include additional benefits of $ 17.1 million, $ 12.1 million and $ 14.2 million because the corporate tax rate in Singapore is lower than the U.S. rate. </context> | us-gaap:IncomeTaxHolidayIncomeTaxBenefitsPerShare |
The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $ 27.7 million ($ 0.18 per diluted share), $ 19.7 million ($ 0.13 per diluted share) and $ 24.8 million ($ 0.17 per diluted share) for the years ending December 31, 2024, 2023 and 2022, respectively. The 2024, 2023 and 2022 effective tax rates include additional benefits of $ 17.1 million, $ 12.1 million and $ 14.2 million because the corporate tax rate in Singapore is lower than the U.S. rate. | text | 19.7 | monetaryItemType | text: <entity> 19.7 </entity> <entity type> monetaryItemType </entity type> <context> The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $ 27.7 million ($ 0.18 per diluted share), $ 19.7 million ($ 0.13 per diluted share) and $ 24.8 million ($ 0.17 per diluted share) for the years ending December 31, 2024, 2023 and 2022, respectively. The 2024, 2023 and 2022 effective tax rates include additional benefits of $ 17.1 million, $ 12.1 million and $ 14.2 million because the corporate tax rate in Singapore is lower than the U.S. rate. </context> | us-gaap:IncomeTaxHolidayAggregateDollarAmount |
The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $ 27.7 million ($ 0.18 per diluted share), $ 19.7 million ($ 0.13 per diluted share) and $ 24.8 million ($ 0.17 per diluted share) for the years ending December 31, 2024, 2023 and 2022, respectively. The 2024, 2023 and 2022 effective tax rates include additional benefits of $ 17.1 million, $ 12.1 million and $ 14.2 million because the corporate tax rate in Singapore is lower than the U.S. rate. | text | 0.13 | perShareItemType | text: <entity> 0.13 </entity> <entity type> perShareItemType </entity type> <context> The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $ 27.7 million ($ 0.18 per diluted share), $ 19.7 million ($ 0.13 per diluted share) and $ 24.8 million ($ 0.17 per diluted share) for the years ending December 31, 2024, 2023 and 2022, respectively. The 2024, 2023 and 2022 effective tax rates include additional benefits of $ 17.1 million, $ 12.1 million and $ 14.2 million because the corporate tax rate in Singapore is lower than the U.S. rate. </context> | us-gaap:IncomeTaxHolidayIncomeTaxBenefitsPerShare |
The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $ 27.7 million ($ 0.18 per diluted share), $ 19.7 million ($ 0.13 per diluted share) and $ 24.8 million ($ 0.17 per diluted share) for the years ending December 31, 2024, 2023 and 2022, respectively. The 2024, 2023 and 2022 effective tax rates include additional benefits of $ 17.1 million, $ 12.1 million and $ 14.2 million because the corporate tax rate in Singapore is lower than the U.S. rate. | text | 24.8 | monetaryItemType | text: <entity> 24.8 </entity> <entity type> monetaryItemType </entity type> <context> The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $ 27.7 million ($ 0.18 per diluted share), $ 19.7 million ($ 0.13 per diluted share) and $ 24.8 million ($ 0.17 per diluted share) for the years ending December 31, 2024, 2023 and 2022, respectively. The 2024, 2023 and 2022 effective tax rates include additional benefits of $ 17.1 million, $ 12.1 million and $ 14.2 million because the corporate tax rate in Singapore is lower than the U.S. rate. </context> | us-gaap:IncomeTaxHolidayAggregateDollarAmount |
The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $ 27.7 million ($ 0.18 per diluted share), $ 19.7 million ($ 0.13 per diluted share) and $ 24.8 million ($ 0.17 per diluted share) for the years ending December 31, 2024, 2023 and 2022, respectively. The 2024, 2023 and 2022 effective tax rates include additional benefits of $ 17.1 million, $ 12.1 million and $ 14.2 million because the corporate tax rate in Singapore is lower than the U.S. rate. | text | 0.17 | perShareItemType | text: <entity> 0.17 </entity> <entity type> perShareItemType </entity type> <context> The Company has made employment and spending commitments to Singapore. In return for those commitments, the Company was granted a partial tax holiday for eight years starting in 2013. During 2017, this agreement was extended to 2027 in exchange for revised employment and spending commitments. The income tax benefits attributable to the tax status are $ 27.7 million ($ 0.18 per diluted share), $ 19.7 million ($ 0.13 per diluted share) and $ 24.8 million ($ 0.17 per diluted share) for the years ending December 31, 2024, 2023 and 2022, respectively. The 2024, 2023 and 2022 effective tax rates include additional benefits of $ 17.1 million, $ 12.1 million and $ 14.2 million because the corporate tax rate in Singapore is lower than the U.S. rate. </context> | us-gaap:IncomeTaxHolidayIncomeTaxBenefitsPerShare |
At December 31, 2024, there were approximately $ 339.7 million of accumulated undistributed earnings of subsidiaries outside of the United States, all of which are considered to be indefinitely reinvested. Management estimates that approximately $ 23.0 million of withholding taxes would be incurred if these undistributed earnings were distributed. | text | 339.7 | monetaryItemType | text: <entity> 339.7 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there were approximately $ 339.7 million of accumulated undistributed earnings of subsidiaries outside of the United States, all of which are considered to be indefinitely reinvested. Management estimates that approximately $ 23.0 million of withholding taxes would be incurred if these undistributed earnings were distributed. </context> | us-gaap:UndistributedEarningsOfForeignSubsidiaries |
As of December 31, 2024 and 2023, the Company had net U.S. deferred tax assets of $ 20.1 million and deferred tax liabilities of $ 76.7 million, respectively, which are composed of temporary differences and various tax credit carryforwards. The Company had state operating loss and credit carryforwards of approximately $ 26.3 million, which begin to expire in 2025. Management believes that it is more likely than not that the benefit from certain state net operating loss carryforwards, state credit carryforwards, capital loss carryforwards and certain federal foreign tax credit carryforwards will not be realized. In recognition of this risk, management has provided valuation allowances of $ 36.5 million and $ 29.7 million as of December 31, 2024 and 2023, respectively, on the related deferred tax assets. If the assumptions change and management determines the assets will be realized, the tax benefits relating to any reversal of the valuation allowance on deferred tax assets at December 31, 2024 will be recognized as a reduction of income tax expense. | text | 20.1 | monetaryItemType | text: <entity> 20.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had net U.S. deferred tax assets of $ 20.1 million and deferred tax liabilities of $ 76.7 million, respectively, which are composed of temporary differences and various tax credit carryforwards. The Company had state operating loss and credit carryforwards of approximately $ 26.3 million, which begin to expire in 2025. Management believes that it is more likely than not that the benefit from certain state net operating loss carryforwards, state credit carryforwards, capital loss carryforwards and certain federal foreign tax credit carryforwards will not be realized. In recognition of this risk, management has provided valuation allowances of $ 36.5 million and $ 29.7 million as of December 31, 2024 and 2023, respectively, on the related deferred tax assets. If the assumptions change and management determines the assets will be realized, the tax benefits relating to any reversal of the valuation allowance on deferred tax assets at December 31, 2024 will be recognized as a reduction of income tax expense. </context> | us-gaap:DeferredTaxAssetsLiabilitiesNet |
As of December 31, 2024 and 2023, the Company had net U.S. deferred tax assets of $ 20.1 million and deferred tax liabilities of $ 76.7 million, respectively, which are composed of temporary differences and various tax credit carryforwards. The Company had state operating loss and credit carryforwards of approximately $ 26.3 million, which begin to expire in 2025. Management believes that it is more likely than not that the benefit from certain state net operating loss carryforwards, state credit carryforwards, capital loss carryforwards and certain federal foreign tax credit carryforwards will not be realized. In recognition of this risk, management has provided valuation allowances of $ 36.5 million and $ 29.7 million as of December 31, 2024 and 2023, respectively, on the related deferred tax assets. If the assumptions change and management determines the assets will be realized, the tax benefits relating to any reversal of the valuation allowance on deferred tax assets at December 31, 2024 will be recognized as a reduction of income tax expense. | text | 76.7 | monetaryItemType | text: <entity> 76.7 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had net U.S. deferred tax assets of $ 20.1 million and deferred tax liabilities of $ 76.7 million, respectively, which are composed of temporary differences and various tax credit carryforwards. The Company had state operating loss and credit carryforwards of approximately $ 26.3 million, which begin to expire in 2025. Management believes that it is more likely than not that the benefit from certain state net operating loss carryforwards, state credit carryforwards, capital loss carryforwards and certain federal foreign tax credit carryforwards will not be realized. In recognition of this risk, management has provided valuation allowances of $ 36.5 million and $ 29.7 million as of December 31, 2024 and 2023, respectively, on the related deferred tax assets. If the assumptions change and management determines the assets will be realized, the tax benefits relating to any reversal of the valuation allowance on deferred tax assets at December 31, 2024 will be recognized as a reduction of income tax expense. </context> | us-gaap:DeferredTaxLiabilities |
As of December 31, 2024 and 2023, the Company had net U.S. deferred tax assets of $ 20.1 million and deferred tax liabilities of $ 76.7 million, respectively, which are composed of temporary differences and various tax credit carryforwards. The Company had state operating loss and credit carryforwards of approximately $ 26.3 million, which begin to expire in 2025. Management believes that it is more likely than not that the benefit from certain state net operating loss carryforwards, state credit carryforwards, capital loss carryforwards and certain federal foreign tax credit carryforwards will not be realized. In recognition of this risk, management has provided valuation allowances of $ 36.5 million and $ 29.7 million as of December 31, 2024 and 2023, respectively, on the related deferred tax assets. If the assumptions change and management determines the assets will be realized, the tax benefits relating to any reversal of the valuation allowance on deferred tax assets at December 31, 2024 will be recognized as a reduction of income tax expense. | text | 26.3 | monetaryItemType | text: <entity> 26.3 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had net U.S. deferred tax assets of $ 20.1 million and deferred tax liabilities of $ 76.7 million, respectively, which are composed of temporary differences and various tax credit carryforwards. The Company had state operating loss and credit carryforwards of approximately $ 26.3 million, which begin to expire in 2025. Management believes that it is more likely than not that the benefit from certain state net operating loss carryforwards, state credit carryforwards, capital loss carryforwards and certain federal foreign tax credit carryforwards will not be realized. In recognition of this risk, management has provided valuation allowances of $ 36.5 million and $ 29.7 million as of December 31, 2024 and 2023, respectively, on the related deferred tax assets. If the assumptions change and management determines the assets will be realized, the tax benefits relating to any reversal of the valuation allowance on deferred tax assets at December 31, 2024 will be recognized as a reduction of income tax expense. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal |
As of December 31, 2024 and 2023, the Company had net U.S. deferred tax assets of $ 20.1 million and deferred tax liabilities of $ 76.7 million, respectively, which are composed of temporary differences and various tax credit carryforwards. The Company had state operating loss and credit carryforwards of approximately $ 26.3 million, which begin to expire in 2025. Management believes that it is more likely than not that the benefit from certain state net operating loss carryforwards, state credit carryforwards, capital loss carryforwards and certain federal foreign tax credit carryforwards will not be realized. In recognition of this risk, management has provided valuation allowances of $ 36.5 million and $ 29.7 million as of December 31, 2024 and 2023, respectively, on the related deferred tax assets. If the assumptions change and management determines the assets will be realized, the tax benefits relating to any reversal of the valuation allowance on deferred tax assets at December 31, 2024 will be recognized as a reduction of income tax expense. | text | 36.5 | monetaryItemType | text: <entity> 36.5 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had net U.S. deferred tax assets of $ 20.1 million and deferred tax liabilities of $ 76.7 million, respectively, which are composed of temporary differences and various tax credit carryforwards. The Company had state operating loss and credit carryforwards of approximately $ 26.3 million, which begin to expire in 2025. Management believes that it is more likely than not that the benefit from certain state net operating loss carryforwards, state credit carryforwards, capital loss carryforwards and certain federal foreign tax credit carryforwards will not be realized. In recognition of this risk, management has provided valuation allowances of $ 36.5 million and $ 29.7 million as of December 31, 2024 and 2023, respectively, on the related deferred tax assets. If the assumptions change and management determines the assets will be realized, the tax benefits relating to any reversal of the valuation allowance on deferred tax assets at December 31, 2024 will be recognized as a reduction of income tax expense. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
As of December 31, 2024 and 2023, the Company had net U.S. deferred tax assets of $ 20.1 million and deferred tax liabilities of $ 76.7 million, respectively, which are composed of temporary differences and various tax credit carryforwards. The Company had state operating loss and credit carryforwards of approximately $ 26.3 million, which begin to expire in 2025. Management believes that it is more likely than not that the benefit from certain state net operating loss carryforwards, state credit carryforwards, capital loss carryforwards and certain federal foreign tax credit carryforwards will not be realized. In recognition of this risk, management has provided valuation allowances of $ 36.5 million and $ 29.7 million as of December 31, 2024 and 2023, respectively, on the related deferred tax assets. If the assumptions change and management determines the assets will be realized, the tax benefits relating to any reversal of the valuation allowance on deferred tax assets at December 31, 2024 will be recognized as a reduction of income tax expense. | text | 29.7 | monetaryItemType | text: <entity> 29.7 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had net U.S. deferred tax assets of $ 20.1 million and deferred tax liabilities of $ 76.7 million, respectively, which are composed of temporary differences and various tax credit carryforwards. The Company had state operating loss and credit carryforwards of approximately $ 26.3 million, which begin to expire in 2025. Management believes that it is more likely than not that the benefit from certain state net operating loss carryforwards, state credit carryforwards, capital loss carryforwards and certain federal foreign tax credit carryforwards will not be realized. In recognition of this risk, management has provided valuation allowances of $ 36.5 million and $ 29.7 million as of December 31, 2024 and 2023, respectively, on the related deferred tax assets. If the assumptions change and management determines the assets will be realized, the tax benefits relating to any reversal of the valuation allowance on deferred tax assets at December 31, 2024 will be recognized as a reduction of income tax expense. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
As of December 31, 2024 and 2023, the Company had net non-U.S. deferred tax assets of $ 44.2 million and $ 58.2 million, respectively, for which management determined based upon the available evidence a valuation allowance of $ 35.3 million and $ 30.6 million as of December 31, 2024 and 2023, respectively, was required against the non-U.S. gross deferred tax assets. For other non-U.S. jurisdictions, management relies upon projections of future taxable income to utilize deferred tax assets. | text | 44.2 | monetaryItemType | text: <entity> 44.2 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had net non-U.S. deferred tax assets of $ 44.2 million and $ 58.2 million, respectively, for which management determined based upon the available evidence a valuation allowance of $ 35.3 million and $ 30.6 million as of December 31, 2024 and 2023, respectively, was required against the non-U.S. gross deferred tax assets. For other non-U.S. jurisdictions, management relies upon projections of future taxable income to utilize deferred tax assets. </context> | us-gaap:DeferredTaxAssetsLiabilitiesNet |
As of December 31, 2024 and 2023, the Company had net non-U.S. deferred tax assets of $ 44.2 million and $ 58.2 million, respectively, for which management determined based upon the available evidence a valuation allowance of $ 35.3 million and $ 30.6 million as of December 31, 2024 and 2023, respectively, was required against the non-U.S. gross deferred tax assets. For other non-U.S. jurisdictions, management relies upon projections of future taxable income to utilize deferred tax assets. | text | 58.2 | monetaryItemType | text: <entity> 58.2 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had net non-U.S. deferred tax assets of $ 44.2 million and $ 58.2 million, respectively, for which management determined based upon the available evidence a valuation allowance of $ 35.3 million and $ 30.6 million as of December 31, 2024 and 2023, respectively, was required against the non-U.S. gross deferred tax assets. For other non-U.S. jurisdictions, management relies upon projections of future taxable income to utilize deferred tax assets. </context> | us-gaap:DeferredTaxAssetsLiabilitiesNet |
As of December 31, 2024 and 2023, the Company had net non-U.S. deferred tax assets of $ 44.2 million and $ 58.2 million, respectively, for which management determined based upon the available evidence a valuation allowance of $ 35.3 million and $ 30.6 million as of December 31, 2024 and 2023, respectively, was required against the non-U.S. gross deferred tax assets. For other non-U.S. jurisdictions, management relies upon projections of future taxable income to utilize deferred tax assets. | text | 35.3 | monetaryItemType | text: <entity> 35.3 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had net non-U.S. deferred tax assets of $ 44.2 million and $ 58.2 million, respectively, for which management determined based upon the available evidence a valuation allowance of $ 35.3 million and $ 30.6 million as of December 31, 2024 and 2023, respectively, was required against the non-U.S. gross deferred tax assets. For other non-U.S. jurisdictions, management relies upon projections of future taxable income to utilize deferred tax assets. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
As of December 31, 2024 and 2023, the Company had net non-U.S. deferred tax assets of $ 44.2 million and $ 58.2 million, respectively, for which management determined based upon the available evidence a valuation allowance of $ 35.3 million and $ 30.6 million as of December 31, 2024 and 2023, respectively, was required against the non-U.S. gross deferred tax assets. For other non-U.S. jurisdictions, management relies upon projections of future taxable income to utilize deferred tax assets. | text | 30.6 | monetaryItemType | text: <entity> 30.6 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, the Company had net non-U.S. deferred tax assets of $ 44.2 million and $ 58.2 million, respectively, for which management determined based upon the available evidence a valuation allowance of $ 35.3 million and $ 30.6 million as of December 31, 2024 and 2023, respectively, was required against the non-U.S. gross deferred tax assets. For other non-U.S. jurisdictions, management relies upon projections of future taxable income to utilize deferred tax assets. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
At December 31, 2024, the Company had foreign operating loss carryforwards of $ 64.3 million, which begin to expire in 2025. | text | 64.3 | monetaryItemType | text: <entity> 64.3 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, the Company had foreign operating loss carryforwards of $ 64.3 million, which begin to expire in 2025. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsForeign |
The total amount of net unrecognized tax benefits that, if recognized, would affect the effective tax rate was $ 39.3 million at December 31, 2024. | text | 39.3 | monetaryItemType | text: <entity> 39.3 </entity> <entity type> monetaryItemType </entity type> <context> The total amount of net unrecognized tax benefits that, if recognized, would affect the effective tax rate was $ 39.3 million at December 31, 2024. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
Penalties and interest paid or received are recorded in other expense, net in the consolidated statements of operations. As of December 31, 2024 and 2023, the Company had accrued interest and penalties related to unrecognized tax benefits of $ 6.0 million and $ 6.6 million, respectively. Expenses of $ 3.0 million, $ 2.5 million and $ 2.0 million were recognized as interest and penalties in the consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 6.0 | monetaryItemType | text: <entity> 6.0 </entity> <entity type> monetaryItemType </entity type> <context> Penalties and interest paid or received are recorded in other expense, net in the consolidated statements of operations. As of December 31, 2024 and 2023, the Company had accrued interest and penalties related to unrecognized tax benefits of $ 6.0 million and $ 6.6 million, respectively. Expenses of $ 3.0 million, $ 2.5 million and $ 2.0 million were recognized as interest and penalties in the consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
Penalties and interest paid or received are recorded in other expense, net in the consolidated statements of operations. As of December 31, 2024 and 2023, the Company had accrued interest and penalties related to unrecognized tax benefits of $ 6.0 million and $ 6.6 million, respectively. Expenses of $ 3.0 million, $ 2.5 million and $ 2.0 million were recognized as interest and penalties in the consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 6.6 | monetaryItemType | text: <entity> 6.6 </entity> <entity type> monetaryItemType </entity type> <context> Penalties and interest paid or received are recorded in other expense, net in the consolidated statements of operations. As of December 31, 2024 and 2023, the Company had accrued interest and penalties related to unrecognized tax benefits of $ 6.0 million and $ 6.6 million, respectively. Expenses of $ 3.0 million, $ 2.5 million and $ 2.0 million were recognized as interest and penalties in the consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
Penalties and interest paid or received are recorded in other expense, net in the consolidated statements of operations. As of December 31, 2024 and 2023, the Company had accrued interest and penalties related to unrecognized tax benefits of $ 6.0 million and $ 6.6 million, respectively. Expenses of $ 3.0 million, $ 2.5 million and $ 2.0 million were recognized as interest and penalties in the consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> Penalties and interest paid or received are recorded in other expense, net in the consolidated statements of operations. As of December 31, 2024 and 2023, the Company had accrued interest and penalties related to unrecognized tax benefits of $ 6.0 million and $ 6.6 million, respectively. Expenses of $ 3.0 million, $ 2.5 million and $ 2.0 million were recognized as interest and penalties in the consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
Penalties and interest paid or received are recorded in other expense, net in the consolidated statements of operations. As of December 31, 2024 and 2023, the Company had accrued interest and penalties related to unrecognized tax benefits of $ 6.0 million and $ 6.6 million, respectively. Expenses of $ 3.0 million, $ 2.5 million and $ 2.0 million were recognized as interest and penalties in the consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> Penalties and interest paid or received are recorded in other expense, net in the consolidated statements of operations. As of December 31, 2024 and 2023, the Company had accrued interest and penalties related to unrecognized tax benefits of $ 6.0 million and $ 6.6 million, respectively. Expenses of $ 3.0 million, $ 2.5 million and $ 2.0 million were recognized as interest and penalties in the consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
Penalties and interest paid or received are recorded in other expense, net in the consolidated statements of operations. As of December 31, 2024 and 2023, the Company had accrued interest and penalties related to unrecognized tax benefits of $ 6.0 million and $ 6.6 million, respectively. Expenses of $ 3.0 million, $ 2.5 million and $ 2.0 million were recognized as interest and penalties in the consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> Penalties and interest paid or received are recorded in other expense, net in the consolidated statements of operations. As of December 31, 2024 and 2023, the Company had accrued interest and penalties related to unrecognized tax benefits of $ 6.0 million and $ 6.6 million, respectively. Expenses of $ 3.0 million, $ 2.5 million and $ 2.0 million were recognized as interest and penalties in the consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
Due to the expiration of various statutes of limitations and settlements of audits, it is reasonably possible that the Company’s gross unrecognized tax benefit balance may decrease within the next twelve months by approximately $ 0.2 million. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> Due to the expiration of various statutes of limitations and settlements of audits, it is reasonably possible that the Company’s gross unrecognized tax benefit balance may decrease within the next twelve months by approximately $ 0.2 million. </context> | us-gaap:SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit |
Holders of the Company’s common stock are entitled to receive dividends when and if they are declared by the Company’s board of directors. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2024, which totaled $ 60.7 million. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2023, which totaled $ 60.3 million. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2022, which totaled $ 57.3 million. | text | 60.7 | monetaryItemType | text: <entity> 60.7 </entity> <entity type> monetaryItemType </entity type> <context> Holders of the Company’s common stock are entitled to receive dividends when and if they are declared by the Company’s board of directors. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2024, which totaled $ 60.7 million. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2023, which totaled $ 60.3 million. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2022, which totaled $ 57.3 million. </context> | us-gaap:DividendsCommonStockCash |
Holders of the Company’s common stock are entitled to receive dividends when and if they are declared by the Company’s board of directors. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2024, which totaled $ 60.7 million. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2023, which totaled $ 60.3 million. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2022, which totaled $ 57.3 million. | text | 60.3 | monetaryItemType | text: <entity> 60.3 </entity> <entity type> monetaryItemType </entity type> <context> Holders of the Company’s common stock are entitled to receive dividends when and if they are declared by the Company’s board of directors. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2024, which totaled $ 60.7 million. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2023, which totaled $ 60.3 million. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2022, which totaled $ 57.3 million. </context> | us-gaap:DividendsCommonStockCash |
Holders of the Company’s common stock are entitled to receive dividends when and if they are declared by the Company’s board of directors. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2024, which totaled $ 60.7 million. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2023, which totaled $ 60.3 million. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2022, which totaled $ 57.3 million. | text | 57.3 | monetaryItemType | text: <entity> 57.3 </entity> <entity type> monetaryItemType </entity type> <context> Holders of the Company’s common stock are entitled to receive dividends when and if they are declared by the Company’s board of directors. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2024, which totaled $ 60.7 million. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2023, which totaled $ 60.3 million. The Company’s board of directors declared quarterly cash dividends of $ 0.10 per share during 2022, which totaled $ 57.3 million. </context> | us-gaap:DividendsCommonStockCash |
On January 15, 2025, the Company’s board of directors declared a quarterly cash dividend of $ 0.10 per share to be paid on February 19, 2025 to shareholders of record as of January 29, 2025. | text | 0.10 | perShareItemType | text: <entity> 0.10 </entity> <entity type> perShareItemType </entity type> <context> On January 15, 2025, the Company’s board of directors declared a quarterly cash dividend of $ 0.10 per share to be paid on February 19, 2025 to shareholders of record as of January 29, 2025. </context> | us-gaap:CommonStockDividendsPerShareDeclared |
For all plans, exclusive of the employee stock purchase plan, the Company had shares available for future grants of 9.7 million, 10.2 million, and 10.9 million shares at December 31, 2024, 2023 and 2022, respectively. | text | 9.7 | sharesItemType | text: <entity> 9.7 </entity> <entity type> sharesItemType </entity type> <context> For all plans, exclusive of the employee stock purchase plan, the Company had shares available for future grants of 9.7 million, 10.2 million, and 10.9 million shares at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
For all plans, exclusive of the employee stock purchase plan, the Company had shares available for future grants of 9.7 million, 10.2 million, and 10.9 million shares at December 31, 2024, 2023 and 2022, respectively. | text | 10.2 | sharesItemType | text: <entity> 10.2 </entity> <entity type> sharesItemType </entity type> <context> For all plans, exclusive of the employee stock purchase plan, the Company had shares available for future grants of 9.7 million, 10.2 million, and 10.9 million shares at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
For all plans, exclusive of the employee stock purchase plan, the Company had shares available for future grants of 9.7 million, 10.2 million, and 10.9 million shares at December 31, 2024, 2023 and 2022, respectively. | text | 10.9 | sharesItemType | text: <entity> 10.9 </entity> <entity type> sharesItemType </entity type> <context> For all plans, exclusive of the employee stock purchase plan, the Company had shares available for future grants of 9.7 million, 10.2 million, and 10.9 million shares at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
Under the stock plans, the total pre-tax intrinsic value of stock options exercised during the years ended December 31, 2024 and 2023 was $ 23.2 million and $ 29.2 million, respectively. The aggregate intrinsic value, which represents the total pre-tax intrinsic value based on the Company’s closing stock price of $ 99.06 at December 31, 2024, which theoretically could have been received by the option holders had all option holders exercised their options as of that date, was $ 26.3 million and $ 23.6 million for options outstanding and options exercisable, respectively. | text | 23.2 | monetaryItemType | text: <entity> 23.2 </entity> <entity type> monetaryItemType </entity type> <context> Under the stock plans, the total pre-tax intrinsic value of stock options exercised during the years ended December 31, 2024 and 2023 was $ 23.2 million and $ 29.2 million, respectively. The aggregate intrinsic value, which represents the total pre-tax intrinsic value based on the Company’s closing stock price of $ 99.06 at December 31, 2024, which theoretically could have been received by the option holders had all option holders exercised their options as of that date, was $ 26.3 million and $ 23.6 million for options outstanding and options exercisable, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
Under the stock plans, the total pre-tax intrinsic value of stock options exercised during the years ended December 31, 2024 and 2023 was $ 23.2 million and $ 29.2 million, respectively. The aggregate intrinsic value, which represents the total pre-tax intrinsic value based on the Company’s closing stock price of $ 99.06 at December 31, 2024, which theoretically could have been received by the option holders had all option holders exercised their options as of that date, was $ 26.3 million and $ 23.6 million for options outstanding and options exercisable, respectively. | text | 29.2 | monetaryItemType | text: <entity> 29.2 </entity> <entity type> monetaryItemType </entity type> <context> Under the stock plans, the total pre-tax intrinsic value of stock options exercised during the years ended December 31, 2024 and 2023 was $ 23.2 million and $ 29.2 million, respectively. The aggregate intrinsic value, which represents the total pre-tax intrinsic value based on the Company’s closing stock price of $ 99.06 at December 31, 2024, which theoretically could have been received by the option holders had all option holders exercised their options as of that date, was $ 26.3 million and $ 23.6 million for options outstanding and options exercisable, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
Under the stock plans, the total pre-tax intrinsic value of stock options exercised during the years ended December 31, 2024 and 2023 was $ 23.2 million and $ 29.2 million, respectively. The aggregate intrinsic value, which represents the total pre-tax intrinsic value based on the Company’s closing stock price of $ 99.06 at December 31, 2024, which theoretically could have been received by the option holders had all option holders exercised their options as of that date, was $ 26.3 million and $ 23.6 million for options outstanding and options exercisable, respectively. | text | 26.3 | monetaryItemType | text: <entity> 26.3 </entity> <entity type> monetaryItemType </entity type> <context> Under the stock plans, the total pre-tax intrinsic value of stock options exercised during the years ended December 31, 2024 and 2023 was $ 23.2 million and $ 29.2 million, respectively. The aggregate intrinsic value, which represents the total pre-tax intrinsic value based on the Company’s closing stock price of $ 99.06 at December 31, 2024, which theoretically could have been received by the option holders had all option holders exercised their options as of that date, was $ 26.3 million and $ 23.6 million for options outstanding and options exercisable, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue |
Under the stock plans, the total pre-tax intrinsic value of stock options exercised during the years ended December 31, 2024 and 2023 was $ 23.2 million and $ 29.2 million, respectively. The aggregate intrinsic value, which represents the total pre-tax intrinsic value based on the Company’s closing stock price of $ 99.06 at December 31, 2024, which theoretically could have been received by the option holders had all option holders exercised their options as of that date, was $ 26.3 million and $ 23.6 million for options outstanding and options exercisable, respectively. | text | 23.6 | monetaryItemType | text: <entity> 23.6 </entity> <entity type> monetaryItemType </entity type> <context> Under the stock plans, the total pre-tax intrinsic value of stock options exercised during the years ended December 31, 2024 and 2023 was $ 23.2 million and $ 29.2 million, respectively. The aggregate intrinsic value, which represents the total pre-tax intrinsic value based on the Company’s closing stock price of $ 99.06 at December 31, 2024, which theoretically could have been received by the option holders had all option holders exercised their options as of that date, was $ 26.3 million and $ 23.6 million for options outstanding and options exercisable, respectively. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1 |
Share-based payment awards in the form of stock option awards for 0.1 million, 0.2 million and 0.1 million shares were granted to employees during the years ended December 31, 2024, 2023 and 2022, respectively. Compensation expense is based on the grant date fair value. The awards vest annually over a period of four years and have a contractual term of 7 years. The Company estimates the fair value of stock options using the Black-Scholes valuation model. Key inputs and assumptions used to estimate the fair value of stock options include the grant price of the award, the expected option term, volatility of the Company’s stock, the risk-free rate and the Company’s dividend yield. Estimates of fair value are not intended to predict actual future events or the value ultimately realized by employees who receive equity awards, and subsequent events are not indicative of reasonableness of the original estimates of fair value made by the Company. | text | 0.1 | sharesItemType | text: <entity> 0.1 </entity> <entity type> sharesItemType </entity type> <context> Share-based payment awards in the form of stock option awards for 0.1 million, 0.2 million and 0.1 million shares were granted to employees during the years ended December 31, 2024, 2023 and 2022, respectively. Compensation expense is based on the grant date fair value. The awards vest annually over a period of four years and have a contractual term of 7 years. The Company estimates the fair value of stock options using the Black-Scholes valuation model. Key inputs and assumptions used to estimate the fair value of stock options include the grant price of the award, the expected option term, volatility of the Company’s stock, the risk-free rate and the Company’s dividend yield. Estimates of fair value are not intended to predict actual future events or the value ultimately realized by employees who receive equity awards, and subsequent events are not indicative of reasonableness of the original estimates of fair value made by the Company. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod |
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