ICF International Inc
Buy, Hold or Sell?

Let's analyse Icf together

Penke I guess you are interested in ICF International Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of ICF International Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about ICF International Inc

I send you an email if I find something interesting about ICF International Inc.

Quick analysis of Icf (30 sec.)

What can you expect buying and holding a share of Icf? (30 sec.)

How much money do you get?

$0.56

When do you have the money?

1 year

How often do you get paid?

67.5%

What is your share worth?

Current worth

$48.23

Expected worth in 1 year

$51.71

How sure are you?

90.0%

+ What do you gain per year?

Total Gains per Share

$4.03

Return On Investment

2.8%

For what price can you sell your share?

Current Price per Share

$141.86

Expected price per share

$130.18 - $156.87

How sure are you?

50%

1. Valuation of Icf (5 min.)

Live pricePrice per Share (EOD)

$141.86

Book Value per Share

$48.23

Intrinsic Value Per Share

$90.87 - $138.10

Total Value Per Share

$139.10 - $186.33

My calculation of the intrinsic value of Icf is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($1.21) 3Y: ($1.57) TTM: ($1.71)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.10) 3Y: ($0.12) TTM: ($-0.60)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$5.61	$7.37	$6.41 - $8.26
2	$12.32	$16.43	$7.96 - $10.26
3	$19.98	$27.08	$9.52 - $12.26
4	$28.47	$39.21	$11.08 - $14.25
5	$37.67	$52.72	$12.63 - $16.25
6	$47.47	$67.54	$14.19 - $18.25
7	$57.78	$83.57	$15.75 - $20.25
8	$68.49	$100.72	$17.30 - $22.24
9	$79.55	$118.93	$18.86 - $24.24
10	$90.87	$138.10	$20.42 - $26.24

2. Growth of Icf (5 min.)

Is Icf growing?

	Current year	Previous year	Grow	Grow %
How rich?	$917.5m	$828.4m	$54.1m	6.1%

How much money is Icf making?

	Current year	Previous year	Grow	Grow %
Making money	$20.6m	$16m	$4.5m	22.2%
Net Profit Margin	4.2%	3.7%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Icf (5 min.)

4. Comparing to competitors in the Consulting Services industry (5 min.)

Industry Rankings (Consulting Services)

Richest
#9 / 56

Most Revenue
#15 / 56

Most Profit
#17 / 56

Most Efficient
#30 / 56

What can you expect buying and holding a share of Icf? (5 min.)

Welcome investor! Icf's management wants to use your money to grow the business. In return you get a share of Icf.

What can you expect buying and holding a share of Icf?

First you should know what it really means to hold a share of Icf. And how you can make/lose money.

Speculation

The Price per Share of Icf is $141.86. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Icf.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Icf, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $48.23. Based on the TTM, the Book Value Change Per Share is $0.87 per quarter. Based on the YOY, the Book Value Change Per Share is $0.69 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.14 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Icf.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	1.16	0.8%	1.09	0.8%	0.85	0.6%	0.90	0.6%	0.77	0.5%
Usd Book Value Change Per Share	1.15	0.8%	0.87	0.6%	0.69	0.5%	0.70	0.5%	0.62	0.4%
Usd Dividend Per Share	0.14	0.1%	0.14	0.1%	0.14	0.1%	0.14	0.1%	0.11	0.1%
Usd Total Gains Per Share	1.29	0.9%	1.01	0.7%	0.83	0.6%	0.84	0.6%	0.73	0.5%
Usd Price Per Share	134.09	-	122.25	-	99.30	-	92.38	-	69.39	-
Price to Earnings Ratio	28.78	-	28.39	-	32.45	-	26.84	-	22.75	-
Price-to-Total Gains Ratio	104.18	-	470.02	-	136.93	-	141.02	-	63.04	-
Price to Book Ratio	2.78	-	2.62	-	2.28	-	2.24	-	1.92	-
Price-to-Total Gains Ratio	104.18	-	470.02	-	136.93	-	141.02	-	63.04	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	141.86
Number of shares	7

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.14	0.14
Usd Book Value Change Per Share	0.87	0.70
Usd Total Gains Per Share	1.01	0.84
Gains per Quarter (7 shares)	7.06	5.89
Gains per Year (7 shares)	28.23	23.57

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	4	24	18	4	20	14
2	8	49	46	8	39	38
3	12	73	74	12	59	62
4	16	97	102	15	79	86
5	19	122	130	19	98	110
6	23	146	158	23	118	134
7	27	170	186	27	138	158
8	31	195	214	31	158	182
9	35	219	242	35	177	206
10	39	243	270	39	197	230

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	79.0	1.0	0.0	98.8%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	10.0	2.0	0.0	83.3%	17.0	3.0	0.0	85.0%	35.0	5.0	0.0	87.5%	68.0	6.0	6.0	85.0%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	27.0	0.0	13.0	67.5%	27.0	0.0	53.0	33.8%
Total Gains per Share	4.0	0.0	0.0	100.0%	11.0	1.0	0.0	91.7%	18.0	2.0	0.0	90.0%	36.0	4.0	0.0	90.0%	69.0	5.0	6.0	86.3%

Fundamentals of Icf

About ICF International Inc

https://www.icf.com
Consulting Services
7740
1902 Reston Metro Plaza, Reston, VA, United States, 20190
Google Maps Bing Maps

ICF International, Inc. provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges. It also identifies, defines, and implements policies, plans, programs, and business tools through a range of standard and customized methodologies for its clients' business context; conducts survey research; collects and analyzes various data to understand critical issues and options for its clients; and provides actionable business intelligence, as well as information and data management solutions that allow integrated and purpose-driven data usage. In addition, the company provides solutions to optimize the customer and citizen experience; modernizes IT systems; and cyber security solutions that support the range of cyber security missions and protect IT infrastructures in the face of relentless threats, as well as designs, develops, and implements technology systems and business tools that are key to its clients' mission or business performance. Further, it informs and engages its clients' constituents, customers, and employees through public relations, branding and marketing, multichannel and strategic communications, and reputation issues management. The company serves energy, environment, infrastructure, and disaster recovery; health and social programs; and security and other civilian and commercial markets. The company was formerly known as ICF Consulting Group Holdings, LLC and changed its name to ICF International, Inc. in 2006. ICF International, Inc. was founded in 1969 and is headquartered in Reston, Virginia.

Fundamental data was last updated by Penke on 2024-04-11 11:23:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is just able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is overpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of ICF International Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Icf earns for each $1 of revenue.

Above 10% is considered healthy but always compare Icf to the Consulting Services industry mean.
A Net Profit Margin of 4.6% means that $0.05 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of ICF International Inc:

The MRQ is 4.6%. The company is making a profit. +1
The TTM is 4.2%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	4.6%	TTM	4.2%	+0.4%
TTM	4.2%	YOY	3.7%	+0.6%
TTM	4.2%	5Y	4.2%	+0.1%
5Y	4.2%	10Y	4.2%	0.0%

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	4.6%	5.2%	-0.6%
TTM	4.2%	4.7%	-0.5%
YOY	3.7%	6.8%	-3.1%
5Y	4.2%	6.9%	-2.7%
10Y	4.2%	5.2%	-1.0%

Measures how much net profit Icf earns for each $1 of revenue.

Revenue is the amount of profit Icf generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Icf earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Icf to the Consulting Services industry mean.
Can be used to compare companies within the Consulting Services industry.

You typically want a high profit margin. This means that for each $1 in sales, Icf makes more profit. This shows the investor how efficiently Icf is operating in general and compared to other companies in the same industry. Icf operates in the Consulting Services industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Icf. If profit margins remain low (compared to the Consulting Services industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Icf is 0.05. This means that Icf earned $0.05 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Consulting Services industry is 5.2%.
What is the trend?
The trend is important because it shows you how Icf is performing over time. The most recent quarter might be important if Icf released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Icf up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Icf with other companies in the same industry (Consulting Services).
Net profit margin should rise over the years.
Can be influenced when Icf sells assets (profit will increase while costs remain the same).
It won’t show what part of Icf is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Icf

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Icf = 22,162
Total revenue MRQ Icf = 478,352
$22,162 / $478,352 = 0.05 or 4.6%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Icf is using its assets to generate profit.

Above 5% is considered healthy but always compare Icf to the Consulting Services industry mean.
1.0% Return on Assets means that Icf generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of ICF International Inc:

The MRQ is 1.0%. Using its assets, the company is less efficient in making profit.
The TTM is 1.0%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.0%	TTM	1.0%	+0.0%
TTM	1.0%	YOY	0.8%	+0.2%
TTM	1.0%	5Y	1.0%	0.0%
5Y	1.0%	10Y	1.1%	-0.1%

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	1.0%	1.7%	-0.7%
TTM	1.0%	1.6%	-0.6%
YOY	0.8%	2.0%	-1.2%
5Y	1.0%	1.9%	-0.9%
10Y	1.1%	2.2%	-1.1%

Shows how efficient Icf is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Icf to the Consulting Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Icf is using its resources to generate profit. If the return on assets (1.0%) from Icf are higher than the Consulting Services mean (1.7%) that means Icf is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Icf is 1.0%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Consulting Services industry is 1.7%.
What is the trend?
The trend is important because it shows you how Icf is performing over time. The most recent quarter might be important if Icf released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Icf up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Icf

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Icf = 22,162
Total assets MRQ (balance sheet) from Icf = 2,149,759
22,162 / 2,149,759 = 0.01 or 1.0%

ROA is an important ratio as it will tell you how effectively Icf is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Icf is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Icf to the Consulting Services industry mean.
2.4% Return on Equity means Icf generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of ICF International Inc:

The MRQ is 2.4%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.3%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.4%	TTM	2.3%	+0.1%
TTM	2.3%	YOY	1.9%	+0.4%
TTM	2.3%	5Y	2.2%	+0.1%
5Y	2.2%	10Y	2.2%	0.0%

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	2.4%	4.1%	-1.7%
TTM	2.3%	4.1%	-1.8%
YOY	1.9%	6.2%	-4.3%
5Y	2.2%	3.9%	-1.7%
10Y	2.2%	5.5%	-3.3%

Shows how efficient Icf is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Icf to the Consulting Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Consulting Services industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Icf is 2.4%. This means Icf generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Consulting Services industry is 4.1%.
What is the trend?
The trend is important because it shows you how Icf is performing over time. The most recent quarter might be important if Icf released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Icf up to 10 years back (depending if Icf existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Icf

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Icf = 22,162
Shareholders equity (balance sheet) MRQ Icf = 917,585
22,162 / 917,585 = 0.02 or 2.4%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of ICF International Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Icf is operating .

Measures how much profit Icf makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Icf to the Consulting Services industry mean.
An Operating Margin of 8.4% means the company generated $0.08 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of ICF International Inc:

The MRQ is 8.4%. The company is operating less efficient.
The TTM is 7.0%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	8.4%	TTM	7.0%	+1.4%
TTM	7.0%	YOY	6.2%	+0.9%
TTM	7.0%	5Y	6.6%	+0.4%
5Y	6.6%	10Y	6.7%	-0.1%

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	8.4%	9.8%	-1.4%
TTM	7.0%	9.2%	-2.2%
YOY	6.2%	10.0%	-3.8%
5Y	6.6%	9.9%	-3.3%
10Y	6.7%	8.1%	-1.4%

Measures how efficient Icf is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Icf to the Consulting Services industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Icf is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Icf is 8.4%. This means that Icf earned $0.08 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Consulting Services industry is 9.8%.
What is the trend?
The trend is important because it shows you how Icf is performing over time. The most recent quarter might be important if Icf released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Icf up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Icf

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Icf = 40,087
Total revenue MRQ Icf = 478,352
$40,087 / $478,352 = 0.08 or 8.4%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Icf is keeping operating costs low.

Below 1 is considered healthy (always compare to Consulting Services industry mean).
An Operation Ratio of 0.92 means that the operating costs are $0.92 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of ICF International Inc:

The MRQ is 0.916. The company is less efficient in keeping operating costs low.
The TTM is 0.931. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.916	TTM	0.931	-0.015
TTM	0.931	YOY	0.938	-0.008
TTM	0.931	5Y	0.934	-0.003
5Y	0.934	10Y	0.933	+0.001

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	0.916	0.995	-0.079
TTM	0.931	1.058	-0.127
YOY	0.938	0.973	-0.035
5Y	0.934	1.090	-0.156
10Y	0.933	1.035	-0.102

Measures how efficient Icf is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Icf to the Consulting Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Icf is 91.6%. This means that Icf earned $0.92 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Consulting Services industry is 1.00.
What is the trend?
The trend is important because it shows you how Icf is performing over time. The most recent quarter might be important if Icf released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Icf up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Icf

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(318,077 +120,188) \ 478,352 = 0.92

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of ICF International Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Icf is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Consulting Services industry mean).
A Current Ratio of 1.07 means the company has $1.07 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of ICF International Inc:

The MRQ is 1.069. The company is just able to pay all its short-term debts.
The TTM is 1.238. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.069	TTM	1.238	-0.169
TTM	1.238	YOY	1.299	-0.061
TTM	1.238	5Y	1.325	-0.087
5Y	1.325	10Y	1.471	-0.147

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	1.069	1.455	-0.386
TTM	1.238	1.485	-0.247
YOY	1.299	1.561	-0.262
5Y	1.325	1.581	-0.256
10Y	1.471	1.635	-0.164

Measures if Icf is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Consulting Services industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Icf if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Icf is 1.07. This means Icf has $1.07 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Consulting Services industry is 1.46.
What is the trend?
The trend is important because it shows you how Icf is performing over time. The most recent quarter might be important if Icf released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Icf up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Icf

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
447,157 \ 418,226) = 1.07

The current ratio measures if Icf is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Icf is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Icf does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Icf is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Icf is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Icf to the Consulting Services industry mean.
A Quick Ratio of 1.00 means the company can pay off $1.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of ICF International Inc:

The MRQ is 1.002. The company is just able to pay all its short-term debts with the most liquid assets.
The TTM is 1.156. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	1.002	TTM	1.156	-0.154
TTM	1.156	YOY	1.206	-0.050
TTM	1.156	5Y	1.226	-0.070
5Y	1.226	10Y	1.387	-0.161

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	1.002	1.075	-0.073
TTM	1.156	1.109	+0.047
YOY	1.206	1.195	+0.011
5Y	1.226	1.228	-0.002
10Y	1.387	1.394	-0.007

1.4. Solvency of ICF International Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Icf assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Icf to Consulting Services industry mean.
A Debt to Asset Ratio of 0.57 means that Icf assets are financed with 57.3% credit (debt) and the remaining percentage (100% - 57.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of ICF International Inc:

The MRQ is 0.573. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.579. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.573	TTM	0.579	-0.006
TTM	0.579	YOY	0.582	-0.003
TTM	0.579	5Y	0.554	+0.025
5Y	0.554	10Y	0.515	+0.039

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	0.573	0.574	-0.001
TTM	0.579	0.570	+0.009
YOY	0.582	0.525	+0.057
5Y	0.554	0.527	+0.027
10Y	0.515	0.534	-0.019

Measures how much % of Icf assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Icf than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Icf to Consulting Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Icf is 0.57. This means means that Icf is financed with 57.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Consulting Services industry is 145.5%.
What is the trend?
The trend is important because it shows you how Icf is performing over time. The most recent quarter might be important if Icf released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Icf up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Icf has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Icf

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
1,232,174 \ 2,149,759 = 57.3% or 0.57.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Icf is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Icf to the Consulting Services industry mean.
A Debt to Equity ratio of 134.3% means that company has $1.34 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of ICF International Inc:

The MRQ is 1.343. The company is able to pay all its debts with equity. +1
The TTM is 1.379. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.343	TTM	1.379	-0.036
TTM	1.379	YOY	1.400	-0.021
TTM	1.379	5Y	1.255	+0.124
5Y	1.255	10Y	1.091	+0.164

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
MRQ	1.343	1.276	+0.067
TTM	1.379	1.176	+0.203
YOY	1.400	1.070	+0.330
5Y	1.255	1.121	+0.134
10Y	1.091	1.270	-0.179

Measures if Icf is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Icf is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Icf is 1.34. This means that Icf can pay off $1.34 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Consulting Services industry is 1.28.
What is the trend?
The trend is important because it shows you how Icf is performing over time. The most recent quarter might be important if Icf released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Icf up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Icf

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,232,174 \ 917,585 = 1.34 or 134.3%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of ICF International Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Icf generates.

Above 15 is considered overpriced but always compare Icf to the Consulting Services industry mean.
A PE ratio of 28.78 means the investor is paying $28.78 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of ICF International Inc:

The EOD is 30.445. Based on the earnings, the company is overpriced. -1
The MRQ is 28.777. Based on the earnings, the company is overpriced. -1
The TTM is 28.393. Based on the earnings, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	30.445	MRQ	28.777	+1.668
MRQ	28.777	TTM	28.393	+0.384
TTM	28.393	YOY	32.452	-4.059
TTM	28.393	5Y	26.835	+1.558
5Y	26.835	10Y	22.751	+4.084

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
EOD	30.445	24.765	+5.680
MRQ	28.777	22.218	+6.559
TTM	28.393	21.742	+6.651
YOY	32.452	24.626	+7.826
5Y	26.835	22.269	+4.566
10Y	22.751	21.601	+1.150

Measures how much money you pay for each share for every $1 in earnings Icf generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Icf to the Consulting Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Icf is 28.78. This means the investor is paying $28.78 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Consulting Services industry is 22.22.
What is the trend?
The trend is important because it shows you how Icf is performing over time. The most recent quarter might be important if Icf released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Icf up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Icf

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 19,025 = EPS
PE ratio MRQ = 28.78

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of ICF International Inc:

The EOD is 6.591. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 6.230. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 7.719. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	6.591	MRQ	6.230	+0.361
MRQ	6.230	TTM	7.719	-1.489
TTM	7.719	YOY	-16.028	+23.746
TTM	7.719	5Y	6.004	+1.714
5Y	6.004	10Y	7.810	-1.806

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
EOD	6.591	12.421	-5.830
MRQ	6.230	13.283	-7.053
TTM	7.719	11.361	-3.642
YOY	-16.028	10.158	-26.186
5Y	6.004	12.805	-6.801
10Y	7.810	9.720	-1.910

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Icf is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Consulting Services industry mean).
A PB ratio of 2.78 means the investor is paying $2.78 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of ICF International Inc:

The EOD is 2.941. Based on the equity, the company is underpriced. +1
The MRQ is 2.780. Based on the equity, the company is underpriced. +1
The TTM is 2.624. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	2.941	MRQ	2.780	+0.161
MRQ	2.780	TTM	2.624	+0.156
TTM	2.624	YOY	2.278	+0.346
TTM	2.624	5Y	2.244	+0.381
5Y	2.244	10Y	1.923	+0.321

Compared to industry (Consulting Services)

Period	Company	Industry (mean)	+/-
EOD	2.941	2.683	+0.258
MRQ	2.780	2.815	-0.035
TTM	2.624	2.870	-0.246
YOY	2.278	3.269	-0.991
5Y	2.244	2.989	-0.745
10Y	1.923	3.182	-1.259

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of ICF International Inc.

3.1. Institutions holding ICF International Inc

Institutions are holding 97.019% of the shares of ICF International Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	7.8688	0.005	1472676	94565	6.8619
2023-12-31	Capital Research Global Investors	6.9951	0.0432	1309163	422558	47.6602
2023-12-31	Dimensional Fund Advisors, Inc.	5.9706	0.0438	1117427	-92308	-7.6304
2023-12-31	Vanguard Group Inc	5.4637	0.003	1022556	24744	2.4798
2023-12-31	Silvercrest Asset Management Group LLC	4.9664	0.8815	929478	-72255	-7.213
2023-12-31	FMR Inc	4.7281	0.0091	884875	35787	4.2148
2023-12-31	Goldman Sachs Group Inc	4.2679	0.0096	798752	397085	98.8593
2023-12-31	Wasatch Advisors Inc.	3.2013	0.4426	599127	366740	157.8143
2023-12-31	Ameriprise Financial Inc	3.1339	0.0236	586520	-149403	-20.3014
2023-12-31	Victory Capital Management Inc.	2.9249	0.0772	547401	-118290	-17.7695
2023-12-31	State Street Corporation	2.2844	0.0028	427532	19712	4.8335
2023-12-31	Principal Financial Group Inc	2.1699	0.0347	406105	887	0.2189
2023-12-31	Geode Capital Management, LLC	2.1184	0.0056	396468	20192	5.3663
2023-12-31	Neumeier Investment Counsel LLC	1.7741	3.9663	332025	-3980	-1.1845
2023-12-31	Systematic Financial Management LP	1.7152	1.277	321014	-36954	-10.3233
2023-12-31	Northern Trust Corp	1.6479	0.0075	308411	-19003	-5.804
2023-12-31	GW&K Investment Management, LLC	1.5992	0.3742	299293	-97414	-24.5557
2023-12-31	Royal Bank of Canada	1.5859	0.0093	296798	-7178	-2.3614
2023-12-31	Congress Asset Management Company, LLP	1.4426	0.285	269980	11596	4.4879
2023-12-31	Loomis, Sayles & Company LP	1.4374	0.0552	269022	-8517	-3.0688
Total		67.2957	7.5562	12594623	+788564	+6.3%

3.2. Funds holding ICF International Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	American Funds SMALLCAP World A	7.2469	0.2527	1356283	377807	38.6118
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1516	0.0059	589839	-1980	-0.3346
2024-03-28	iShares Russell 2000 ETF	2.4526	0.1056	459015	222	0.0484
2023-12-31	Victory Sycamore Small Company Opp R	1.9236	0.6877	360000	-95000	-20.8791
2023-12-31	Victory Small Cap Value CIT (Net 75)	1.9236	0.6863	360000	-95000	-20.8791
2023-12-31	Neumeier Poma Small Cap Value	1.4847	3.5171	277860	-4645	-1.6442
2024-02-29	DFA US Small Cap Value I	1.4397	0.2713	269446	-9473	-3.3963
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.3603	0.0386	254581	424	0.1668
2023-12-31	Wasatch Small Cap Value	1.1751	2.0645	219925	219925	0
2023-12-31	FIAM Small Cap Core Composite	1.1525	0.7408	215700	-62000	-22.3263
2024-02-29	Strategic Advisers Fidelity US TtlStk	1.015	0.0278	189960	-15500	-7.544
2024-01-31	Fidelity Small Cap Index	1.0126	0.1063	189503	3156	1.6936
2024-01-31	Fidelity Small Cap Growth	1.0055	0.4564	188183	-227	-0.1205
2024-01-31	FIAM Small Cap Core CIT Cl B	0.9928	0.6815	185800	-29900	-13.8618
2024-02-29	Columbia Acorn Inst	0.9554	0.9587	178809	0	0
2024-02-29	Congress Small Cap Growth Institutional	0.9351	2.688	175000	0	0
2023-12-31	Putnam US Small Cap Growth Equity	0.895	1.6115	167509	19509	13.1818
2023-12-31	Putnam US Small Cap Growth Managed Acct	0.895	1.6115	167509	19509	13.1818
2023-12-31	Putnam Small Cap Growth A	0.895	1.5897	167509	19509	13.1818
2023-12-31	Stephens Small Cap Growth	0.8746	1.1822	163686	-102	-0.0623
Total		32.7866	19.2841	6136117	+346234	+5.6%

3.3. Insider Transactions

Insiders are holding 1.469% of the shares of ICF International Inc.

Date	Owner	Type	Amount	Price
2024-02-27	James C M Morgan	SELL	2400	155.17
2024-01-25	James C M Morgan	SELL	2500	137.55
2024-01-02	John Wasson	SELL	2500	135
2023-12-26	John Wasson	SELL	5000	133.34
2023-11-30	Srikant M Datar	SELL	600	140.1
2023-11-10	Srikant M Datar	SELL	600	135
2023-08-28	Srikant M Datar	SELL	500	132
2023-08-24	Srikant M Datar	SELL	500	129.5
2023-08-14	Srikant M Datar	SELL	500	129.75
2023-08-09	Handel Michael J Van	SELL	4000	129.5
2023-08-09	Rodney Mark Jr. Lee	SELL	3169	130.03
2023-08-07	James C M Morgan	SELL	200	130
2023-06-12	John Wasson	SELL	100	125.14

4. Summary

4.1. Key Performance Indicators

The key performance indicators of ICF International Inc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	1.149	0.869	+32%	0.692	+66%	0.704	+63%	0.620	+85%
Book Value Per Share	-	-	48.230	46.533	+4%	43.577	+11%	40.833	+18%	34.699	+39%
Current Ratio	-	-	1.069	1.238	-14%	1.299	-18%	1.325	-19%	1.471	-27%
Debt To Asset Ratio	-	-	0.573	0.579	-1%	0.582	-2%	0.554	+3%	0.515	+11%
Debt To Equity Ratio	-	-	1.343	1.379	-3%	1.400	-4%	1.255	+7%	1.091	+23%
Dividend Per Share	-	-	0.138	0.139	0%	0.139	0%	0.138	+0%	0.114	+22%
Eps	-	-	1.165	1.089	+7%	0.845	+38%	0.897	+30%	0.771	+51%
Free Cash Flow Per Share	-	-	5.381	1.711	+215%	1.806	+198%	1.518	+255%	1.213	+344%
Free Cash Flow To Equity Per Share	-	-	-0.166	-0.296	+78%	3.000	-106%	1.679	-110%	1.332	-112%
Gross Profit Margin	-	-	-4.566	-5.220	+14%	-14.234	+212%	-8.073	+77%	-7.115	+56%
Intrinsic Value_10Y_max	-	-	138.101	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	90.866	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	7.371	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	5.609	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	27.077	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	19.981	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	52.725	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	37.671	-	-	-	-	-	-	-	-
Market Cap	2654966644.000	+4%	2551062250.000	2318837725.000	+10%	1887792277.500	+35%	1760035312.000	+45%	1330639734.500	+92%
Net Profit Margin	-	-	0.046	0.042	+10%	0.037	+27%	0.042	+12%	0.042	+11%
Operating Margin	-	-	0.084	0.070	+19%	0.062	+36%	0.066	+27%	0.067	+26%
Operating Ratio	-	-	0.916	0.931	-2%	0.938	-2%	0.934	-2%	0.933	-2%
Pb Ratio	2.941	+5%	2.780	2.624	+6%	2.278	+22%	2.244	+24%	1.923	+45%
Pe Ratio	30.445	+5%	28.777	28.393	+1%	32.452	-11%	26.835	+7%	22.751	+26%
Price Per Share	141.860	+5%	134.090	122.248	+10%	99.303	+35%	92.383	+45%	69.391	+93%
Price To Free Cash Flow Ratio	6.591	+5%	6.230	7.719	-19%	-16.028	+357%	6.004	+4%	7.810	-20%
Price To Total Gains Ratio	110.213	+5%	104.177	470.022	-78%	136.927	-24%	141.019	-26%	63.039	+65%
Quick Ratio	-	-	1.002	1.156	-13%	1.206	-17%	1.226	-18%	1.387	-28%
Return On Assets	-	-	0.010	0.010	+5%	0.008	+26%	0.010	+4%	0.011	-5%
Return On Equity	-	-	0.024	0.023	+3%	0.019	+24%	0.022	+10%	0.022	+9%
Total Gains Per Share	-	-	1.287	1.008	+28%	0.831	+55%	0.842	+53%	0.734	+75%
Usd Book Value	-	-	917585000.000	882612250.000	+4%	828417250.000	+11%	777993800.000	+18%	666647375.000	+38%
Usd Book Value Change Per Share	-	-	1.149	0.869	+32%	0.692	+66%	0.704	+63%	0.620	+85%
Usd Book Value Per Share	-	-	48.230	46.533	+4%	43.577	+11%	40.833	+18%	34.699	+39%
Usd Dividend Per Share	-	-	0.138	0.139	0%	0.139	0%	0.138	+0%	0.114	+22%
Usd Eps	-	-	1.165	1.089	+7%	0.845	+38%	0.897	+30%	0.771	+51%
Usd Free Cash Flow	-	-	102370000.000	32511500.000	+215%	34432750.000	+197%	28902550.000	+254%	23229550.000	+341%
Usd Free Cash Flow Per Share	-	-	5.381	1.711	+215%	1.806	+198%	1.518	+255%	1.213	+344%
Usd Free Cash Flow To Equity Per Share	-	-	-0.166	-0.296	+78%	3.000	-106%	1.679	-110%	1.332	-112%
Usd Market Cap	2654966644.000	+4%	2551062250.000	2318837725.000	+10%	1887792277.500	+35%	1760035312.000	+45%	1330639734.500	+92%
Usd Price Per Share	141.860	+5%	134.090	122.248	+10%	99.303	+35%	92.383	+45%	69.391	+93%
Usd Profit	-	-	22162000.000	20653000.000	+7%	16060750.000	+38%	17094200.000	+30%	14798475.000	+50%
Usd Revenue	-	-	478352000.000	490809500.000	-3%	444991000.000	+7%	414082500.000	+16%	355406200.000	+35%
Usd Total Gains Per Share	-	-	1.287	1.008	+28%	0.831	+55%	0.842	+53%	0.734	+75%
	EOD	+4 -4	MRQ	TTM	+27 -9	YOY	+26 -10	5Y	+25 -11	10Y	+26 -10

4.2. Fundamental Score

Let's check the fundamental score of ICF International Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	30.445
Price to Book Ratio (EOD)	Between	0-1	2.941
Net Profit Margin (MRQ)	Greater than	0	0.046
Operating Margin (MRQ)	Greater than	0	0.084
Quick Ratio (MRQ)	Greater than	1	1.002
Current Ratio (MRQ)	Greater than	1	1.069
Debt to Asset Ratio (MRQ)	Less than	1	0.573
Debt to Equity Ratio (MRQ)	Less than	1	1.343
Return on Equity (MRQ)	Greater than	0.15	0.024
Return on Assets (MRQ)	Greater than	0.05	0.010
Total			5/10 (50.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of ICF International Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.105
Ma 20	Greater than	Ma 50	144.510
Ma 50	Greater than	Ma 100	149.310
Ma 100	Greater than	Ma 200	142.808
Open	Greater than	Close	140.450
Total			2/5 (40.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Selling General Administrative		235,742	-112,009	123,733	2,789	126,522	5,031	131,553	-134,719	-3,166

Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	2,149,759
Total Liabilities	1,232,174
Total Stockholder Equity	917,585

	As reported
Total Liabilities	1,232,174
Total Stockholder Equity	+ 917,585
Total Assets	= 2,149,759

Assets

Total Assets	2,149,759
Total Current Assets	447,157
Long-term Assets	1,702,602

Total Current Assets

Total Current Assets (as reported)	447,157
Cash And Cash Equivalents	9,449
Net Receivables	409,653
Other Current Assets	28,055
Total Current Assets (calculated)	447,157
+/-	0

Long-term Assets

Long-term Assets (as reported)	1,702,602
Property Plant Equipment	208,755
Goodwill	1,219,476
Intangible Assets	94,904
Long-term Assets Other	41,082
Long-term Assets (calculated)	1,564,217
+/-	138,385

Liabilities & Shareholders' Equity

Total Current Liabilities	418,226
Long-term Liabilities	813,948
Total Stockholder Equity	917,585

Total Current Liabilities

Total Current Liabilities (as reported)	418,226
Short-term Debt	48,931
Short Long Term Debt	26,000
Accounts payable	134,503
Other Current Liabilities	212,795
Total Current Liabilities (calculated)	422,229
+/-	4,003

Long-term Liabilities

Long-term Liabilities (as reported)	813,948
Long term Debt	404,407
Capital Lease Obligations	212,265
Long-term Liabilities Other	56,045
Long-term Liabilities (calculated)	672,717
+/-	141,231

Total Stockholder Equity

Total Stockholder Equity (as reported)	917,585
Common Stock	24
Retained Earnings	775,099
Accumulated Other Comprehensive Income	-11,885
Other Stockholders Equity	154,347
Total Stockholder Equity (calculated)	917,585
+/-	0

Other

Capital Stock	24
Cash and Short Term Investments	9,449
Common Stock Shares Outstanding	19,025
Current Deferred Revenue	21,997
Liabilities and Stockholders Equity	2,149,759
Net Debt	633,223
Net Invested Capital	1,347,992
Net Working Capital	28,931
Property Plant and Equipment Gross	278,536
Short Long Term Debt Total	642,672

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

> Total Assets

0
0
0
94,057
0
0
0
151,124
155,953
171,232
216,754
215,827
271,918
284,233
303,241
393,025
411,468
404,116
409,822
401,017
572,969
561,430
561,815
582,227
573,909
568,363
567,735
572,819
576,306
578,828
578,195
694,615
719,349
720,822
699,606
709,721
692,498
693,988
712,279
700,914
802,187
807,907
793,481
1,110,340
1,115,934
1,119,109
1,102,056
1,083,159
1,102,165
1,109,345
1,092,066
1,085,571
1,083,913
1,098,046
1,087,647
1,110,255
1,127,021
1,134,551
1,176,044
1,213,862
1,354,621
1,413,770
1,420,416
1,397,217
1,684,023
1,615,524
1,607,471
1,667,290
1,630,759
1,632,789
1,605,613
1,849,534
1,857,723
1,850,802
2,157,760
2,092,258
2,072,430
2,115,422
2,055,120
2,149,759

2,149,759

2,055,120

2,115,422

2,072,430

2,092,258

2,157,760

1,850,802

1,857,723

1,849,534

1,605,613

1,632,789

1,630,759

1,667,290

1,607,471

1,615,524

1,684,023

1,397,217

1,420,416

1,413,770

1,354,621

1,213,862

1,176,044

1,134,551

1,127,021

1,110,255

1,087,647

1,098,046

1,083,913

1,085,571

1,092,066

1,109,345

1,102,165

1,083,159

1,102,056

1,119,109

1,115,934

1,110,340

793,481

807,907

802,187

700,914

712,279

693,988

692,498

709,721

699,606

720,822

719,349

694,615

578,195

578,828

576,306

572,819

567,735

568,363

573,909

582,227

561,815

561,430

572,969

401,017

409,822

404,116

411,468

393,025

303,241

284,233

271,918

215,827

216,754

171,232

155,953

151,124

94,057

> Total Current Assets

0
0
0
32,778
0
0
0
57,261
62,532
75,582
120,180
118,698
162,960
152,193
167,548
202,682
173,335
165,801
170,613
166,717
201,970
190,551
193,362
188,651
183,566
182,555
185,144
193,860
198,240
203,806
205,106
230,589
240,663
246,441
226,042
238,502
223,257
227,546
235,400
226,344
273,289
285,275
273,083
288,429
295,822
299,666
288,469
277,613
300,976
312,630
299,068
299,131
301,658
316,274
309,045
331,438
337,002
339,742
370,050
392,106
399,736
454,173
456,955
434,717
478,858
419,041
410,579
475,675
451,384
463,363
448,537
449,163
453,511
452,952
532,149
466,718
454,856
478,240
477,408
447,157

447,157

477,408

478,240

454,856

466,718

532,149

452,952

453,511

449,163

448,537

463,363

451,384

475,675

410,579

419,041

478,858

434,717

456,955

454,173

399,736

392,106

370,050

339,742

337,002

331,438

309,045

316,274

301,658

299,131

299,068

312,630

300,976

277,613

288,469

299,666

295,822

288,429

273,083

285,275

273,289

226,344

235,400

227,546

223,257

238,502

226,042

246,441

240,663

230,589

205,106

203,806

198,240

193,860

185,144

182,555

183,566

188,651

193,362

190,551

201,970

166,717

170,613

165,801

173,335

202,682

167,548

152,193

162,960

118,698

120,180

75,582

62,532

57,261

32,778

Cash And Cash Equivalents

0
0
0
797
0
0
0
499
1,296
1,144
1,595
2,997
1,274
1,677
2,074
2,733
2,567
2,018
2,699
1,536
2,049
4,373
9,250
2,353
6,766
5,338
6,498
3,301
6,288
2,677
2,010
4,097
5,713
5,257
6,062
14,725
4,465
5,486
6,006
8,953
20,204
8,026
7,509
12,122
7,025
7,449
5,722
7,747
9,359
10,848
9,647
6,042
8,207
9,493
6,485
11,809
19,292
6,322
5,804
11,694
5,689
6,304
7,452
6,482
58,661
9,064
8,237
13,841
8,592
9,603
7,883
8,254
7,392
6,063
8,483
11,257
5,364
6,972
5,084
9,449

9,449

5,084

6,972

5,364

11,257

8,483

6,063

7,392

8,254

7,883

9,603

8,592

13,841

8,237

9,064

58,661

6,482

7,452

6,304

5,689

11,694

5,804

6,322

19,292

11,809

6,485

9,493

8,207

6,042

9,647

10,848

9,359

7,747

5,722

7,449

7,025

12,122

7,509

8,026

20,204

8,953

6,006

5,486

4,465

14,725

6,062

5,257

5,713

4,097

2,010

2,677

6,288

3,301

6,498

5,338

6,766

2,353

9,250

4,373

2,049

1,536

2,699

2,018

2,567

2,733

2,074

1,677

1,274

2,997

1,595

1,144

1,296

499

797

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,180
2,180
309
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,191
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,185
4,373
0
4,843
6,594
0
0

6,594

4,843

4,373

2,185

11,191

309

2,180

Net Receivables

0
0
0
30,070
0
0
0
52,871
57,208
67,651
111,662
110,548
155,354
145,563
157,189
192,092
161,178
153,900
157,339
154,308
184,337
170,708
172,121
178,295
166,918
164,541
169,405
178,591
180,816
187,170
188,671
210,581
223,735
226,241
207,449
216,169
212,139
211,100
219,158
209,544
243,904
260,883
251,682
265,969
277,225
283,206
271,671
259,834
276,413
282,673
276,258
281,365
280,157
293,503
289,658
297,111
302,700
317,027
347,638
364,159
378,499
431,136
430,044
410,833
400,312
390,411
381,824
368,196
378,446
401,669
375,126
386,376
403,262
421,292
491,061
413,041
417,579
434,191
435,260
409,653

409,653

435,260

434,191

417,579

413,041

491,061

421,292

403,262

386,376

375,126

401,669

378,446

368,196

381,824

390,411

400,312

410,833

430,044

431,136

378,499

364,159

347,638

317,027

302,700

297,111

289,658

293,503

280,157

281,365

276,258

282,673

276,413

259,834

271,671

283,206

277,225

265,969

251,682

260,883

243,904

209,544

219,158

211,100

212,139

216,169

207,449

226,241

223,735

210,581

188,671

187,170

180,816

178,591

169,405

164,541

166,918

178,295

172,121

170,708

184,337

154,308

157,339

153,900

161,178

192,092

157,189

145,563

155,354

110,548

111,662

67,651

57,208

52,871

30,070

Other Current Assets

0
0
0
1,911
0
0
0
3,891
4,028
6,787
6,923
5,153
6,332
4,953
8,285
7,857
9,590
9,883
10,575
10,873
15,584
15,470
11,991
8,003
9,882
12,676
9,241
11,968
11,136
13,959
14,425
15,911
11,215
14,943
12,531
7,608
6,653
10,960
10,236
7,847
9,181
16,366
13,892
10,338
11,572
9,011
11,076
10,032
15,204
19,109
13,163
11,724
13,294
13,278
12,902
11,327
15,010
16,393
16,608
16,253
15,548
16,733
19,459
17,402
19,885
19,566
20,518
25,492
22,115
25,784
31,109
42,354
42,857
25,597
32,605
40,709
28,341
32,579
34,294
28,055

28,055

34,294

32,579

28,341

40,709

32,605

25,597

42,857

42,354

31,109

25,784

22,115

25,492

20,518

19,566

19,885

17,402

19,459

16,733

15,548

16,253

16,608

16,393

15,010

11,327

12,902

13,278

13,294

11,724

13,163

19,109

15,204

10,032

11,076

9,011

11,572

10,338

13,892

16,366

9,181

7,847

10,236

10,960

6,653

7,608

12,531

14,943

11,215

15,911

14,425

13,959

11,136

11,968

9,241

12,676

9,882

8,003

11,991

15,470

15,584

10,873

10,575

9,883

9,590

7,857

8,285

4,953

6,332

5,153

6,923

6,787

4,028

3,891

1,911

> Long-term Assets

0
0
0
61,279
0
0
0
93,863
93,421
95,650
96,574
97,129
108,958
132,040
135,693
190,343
238,133
238,315
239,209
234,300
370,999
370,879
368,453
393,576
390,343
385,808
382,591
378,959
378,066
375,022
373,089
464,026
478,686
474,381
473,564
471,219
469,241
466,442
476,879
474,570
528,898
522,632
520,398
821,911
820,112
819,443
813,587
805,546
801,189
796,715
792,998
786,440
782,255
781,772
778,602
778,817
790,019
794,809
805,994
821,756
954,885
959,597
963,461
962,500
1,205,165
1,196,483
1,196,892
1,191,615
1,179,375
1,169,426
1,157,076
1,400,371
1,404,212
1,397,850
1,625,611
1,625,540
1,617,574
1,637,182
1,577,712
1,702,602

1,702,602

1,577,712

1,637,182

1,617,574

1,625,540

1,625,611

1,397,850

1,404,212

1,400,371

1,157,076

1,169,426

1,179,375

1,191,615

1,196,892

1,196,483

1,205,165

962,500

963,461

959,597

954,885

821,756

805,994

794,809

790,019

778,817

778,602

781,772

782,255

786,440

792,998

796,715

801,189

805,546

813,587

819,443

820,112

821,911

520,398

522,632

528,898

474,570

476,879

466,442

469,241

471,219

473,564

474,381

478,686

464,026

373,089

375,022

378,066

378,959

382,591

385,808

390,343

393,576

368,453

370,879

370,999

234,300

239,209

238,315

238,133

190,343

135,693

132,040

108,958

97,129

96,574

95,650

93,421

93,863

61,279

Property Plant Equipment

0
0
0
4,065
0
0
0
3,984
3,722
4,901
4,916
5,388
5,204
5,484
6,299
7,541
8,974
10,496
14,340
13,373
23,457
22,538
23,563
22,600
21,429
20,006
19,160
18,887
17,786
17,247
16,843
21,067
29,301
27,991
27,878
28,860
28,516
27,927
27,732
30,214
31,262
30,478
28,920
43,241
40,523
43,292
45,078
45,425
44,266
44,069
42,996
40,484
38,719
37,881
36,027
38,052
37,260
44,937
45,742
48,105
178,475
187,170
195,345
192,202
207,295
200,228
200,602
189,566
179,544
164,838
155,525
229,470
235,019
235,291
248,733
234,468
235,956
230,568
212,878
208,755

208,755

212,878

230,568

235,956

234,468

248,733

235,291

235,019

229,470

155,525

164,838

179,544

189,566

200,602

200,228

207,295

192,202

195,345

187,170

178,475

48,105

45,742

44,937

37,260

38,052

36,027

37,881

38,719

40,484

42,996

44,069

44,266

45,425

45,078

43,292

40,523

43,241

28,920

30,478

31,262

30,214

27,732

27,927

28,516

28,860

27,878

27,991

29,301

21,067

16,843

17,247

17,786

18,887

19,160

20,006

21,429

22,600

23,563

22,538

23,457

13,373

14,340

10,496

8,974

7,541

6,299

5,484

5,204

5,388

4,916

4,901

3,722

3,984

4,065

Goodwill

0
0
0
53,287
0
0
0
81,182
81,174
81,145
83,572
83,833
91,661
116,531
111,716
159,491
201,948
200,543
200,061
198,724
299,650
302,237
301,832
323,467
323,467
323,467
323,467
323,467
325,999
325,835
327,032
401,134
406,799
407,862
409,979
410,583
410,482
410,482
421,480
418,839
464,285
459,471
461,659
687,778
692,454
693,188
690,576
687,404
687,334
685,389
684,793
683,683
683,998
685,071
685,922
686,108
694,338
693,027
702,585
715,644
720,360
719,117
716,699
719,934
905,177
905,101
906,999
909,913
910,359
910,640
909,226
1,046,760
1,045,503
1,043,908
1,190,450
1,212,898
1,213,908
1,236,380
1,219,326
1,219,476

1,219,476

1,219,326

1,236,380

1,213,908

1,212,898

1,190,450

1,043,908

1,045,503

1,046,760

909,226

910,640

910,359

909,913

906,999

905,101

905,177

719,934

716,699

719,117

720,360

715,644

702,585

693,027

694,338

686,108

685,922

685,071

683,998

683,683

684,793

685,389

687,334

687,404

690,576

693,188

692,454

687,778

461,659

459,471

464,285

418,839

421,480

410,482

410,583

409,979

407,862

406,799

401,134

327,032

325,835

325,999

323,467

301,832

302,237

299,650

198,724

200,061

200,543

201,948

159,491

111,716

116,531

91,661

83,833

83,572

81,145

81,174

81,182

53,287

Intangible Assets

0
0
0
2,205
0
0
0
4,127
3,760
3,430
3,064
2,720
5,350
4,734
12,400
17,710
20,649
21,328
19,086
16,844
42,101
37,308
34,150
38,474
35,393
32,311
29,229
26,148
24,729
22,685
20,817
33,740
32,476
27,952
24,788
21,016
18,622
16,264
14,738
12,239
19,662
18,125
15,852
76,707
72,392
68,104
63,409
58,899
55,649
52,464
49,296
46,129
43,408
40,692
37,971
35,304
35,861
33,437
33,234
35,494
33,520
29,548
27,478
25,829
70,048
66,558
63,200
59,887
56,900
53,899
50,816
79,645
74,274
69,178
135,932
126,537
116,430
117,145
103,211
94,904

94,904

103,211

117,145

116,430

126,537

135,932

69,178

74,274

79,645

50,816

53,899

56,900

59,887

63,200

66,558

70,048

25,829

27,478

29,548

33,520

35,494

33,234

33,437

35,861

35,304

37,971

40,692

43,408

46,129

49,296

52,464

55,649

58,899

63,409

68,104

72,392

76,707

15,852

18,125

19,662

12,239

14,738

16,264

18,622

21,016

24,788

27,952

32,476

33,740

20,817

22,685

24,729

26,148

29,229

32,311

35,393

38,474

34,150

37,308

42,101

16,844

19,086

21,328

20,649

17,710

12,400

4,734

5,350

2,720

3,064

3,430

3,760

4,127

2,205

Other Assets

0
0
0
57,214
0
0
0
89,879
0
90,749
91,658
91,741
103,754
126,556
129,394
182,802
229,159
227,819
224,869
220,927
347,542
348,341
344,890
370,976
368,914
365,802
363,431
360,072
360,280
357,775
356,246
442,959
449,385
446,390
445,686
442,359
440,725
438,515
449,147
444,356
497,636
492,154
491,478
778,670
779,589
776,151
768,509
760,121
756,923
752,646
750,002
745,956
743,536
743,891
742,575
740,765
22,560
23,408
24,433
22,513
22,530
23,762
23,939
24,535
22,645
24,596
26,091
32,249
32,572
40,049
41,509
44,496
46,411
49,473
50,496
32,637
0
50,553
0
0

50,553

32,637

50,496

49,473

46,411

44,496

41,509

40,049

32,572

32,249

26,091

24,596

22,645

24,535

23,939

23,762

22,530

22,513

24,433

23,408

22,560

740,765

742,575

743,891

743,536

745,956

750,002

752,646

756,923

760,121

768,509

776,151

779,589

778,670

491,478

492,154

497,636

444,356

449,147

438,515

440,725

442,359

445,686

446,390

449,385

442,959

356,246

357,775

360,280

360,072

363,431

365,802

368,914

370,976

344,890

348,341

347,542

220,927

224,869

227,819

229,159

182,802

129,394

126,556

103,754

91,741

91,658

90,749

89,879

57,214

> Total Liabilities

0
0
0
46,196
0
0
0
98,221
101,793
117,370
120,865
101,880
147,304
144,212
149,789
228,234
236,133
218,157
215,288
198,100
361,730
341,523
333,968
264,667
249,135
234,177
223,346
220,086
214,221
206,070
194,614
301,587
316,282
311,846
283,083
280,971
253,292
242,852
245,153
226,823
315,006
326,066
304,809
609,651
608,947
605,264
584,678
559,883
573,937
573,037
541,617
519,567
521,660
524,916
502,861
494,225
504,520
499,180
525,371
553,445
692,050
747,133
734,914
682,666
993,267
910,421
880,560
920,329
879,526
861,278
815,061
1,046,064
1,054,421
1,031,385
1,320,021
1,239,047
1,225,741
1,242,577
1,161,790
1,232,174

1,232,174

1,161,790

1,242,577

1,225,741

1,239,047

1,320,021

1,031,385

1,054,421

1,046,064

815,061

861,278

879,526

920,329

880,560

910,421

993,267

682,666

734,914

747,133

692,050

553,445

525,371

499,180

504,520

494,225

502,861

524,916

521,660

519,567

541,617

573,037

573,937

559,883

584,678

605,264

608,947

609,651

304,809

326,066

315,006

226,823

245,153

242,852

253,292

280,971

283,083

311,846

316,282

301,587

194,614

206,070

214,221

220,086

223,346

234,177

249,135

264,667

333,968

341,523

361,730

198,100

215,288

218,157

236,133

228,234

149,789

144,212

147,304

101,880

120,865

117,370

101,793

98,221

46,196

> Total Current Liabilities

0
0
0
27,276
0
0
0
39,120
43,158
57,394
99,824
96,347
122,933
133,419
140,767
165,212
123,682
106,757
110,114
102,792
115,564
101,144
104,069
100,287
93,667
92,729
105,981
116,172
115,211
121,534
124,307
134,332
135,068
137,514
140,078
146,831
134,787
134,927
139,945
150,220
154,301
158,493
153,817
203,243
177,018
189,731
196,110
193,857
173,199
194,561
197,410
196,720
177,421
173,180
196,273
224,370
207,204
188,835
224,224
278,059
281,170
273,963
302,082
337,982
289,883
269,297
305,747
427,027
383,328
366,926
382,177
376,631
344,211
341,875
371,990
415,992
351,775
369,156
369,177
418,226

418,226

369,177

369,156

351,775

415,992

371,990

341,875

344,211

376,631

382,177

366,926

383,328

427,027

305,747

269,297

289,883

337,982

302,082

273,963

281,170

278,059

224,224

188,835

207,204

224,370

196,273

173,180

177,421

196,720

197,410

194,561

173,199

193,857

196,110

189,731

177,018

203,243

153,817

158,493

154,301

150,220

139,945

134,927

134,787

146,831

140,078

137,514

135,068

134,332

124,307

121,534

115,211

116,172

105,981

92,729

93,667

100,287

104,069

101,144

115,564

102,792

110,114

106,757

123,682

165,212

140,767

133,419

122,933

96,347

99,824

57,394

43,158

39,120

27,276

Short-term Debt

0
0
0
4,235
0
0
0
6,767
12,400
12,400
12,100
54,929
71,087
0
86,872
0
61,702
64,600
0
0
1,642
0
0
0
0
0
0
0
2,615
0
0
0
0
0
0
74,101
0
0
0
80,864
0
0
0
101,459
0
2,144
5,488
91,180
6,259
305
0
84,351
275,843
278,000
343
104,084
74,041
73,358
0
124,481
30,324
29,238
30,935
32,500
43,333
43,028
43,581
33,350
38,881
45,128
45,418
44,901
40,530
41,267
45,238
44,936
44,524
40,464
44,921
48,931

48,931

44,921

40,464

44,524

44,936

45,238

41,267

40,530

44,901

45,418

45,128

38,881

33,350

43,581

43,028

43,333

32,500

30,935

29,238

30,324

124,481

73,358

74,041

104,084

343

278,000

275,843

84,351

305

6,259

91,180

5,488

2,144

101,459

80,864

74,101

2,615

1,642

64,600

61,702

86,872

71,087

54,929

12,100

12,400

6,767

4,235

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
350,052
0
0
0
311,532
0
0
0
259,389
275,843
278,000
230,080
206,250
231,490
243,645
0
0
30,324
0
0
0
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
15,000
20,500
23,250
26,000
20,500
23,250
26,000

26,000

23,250

20,500

26,000

23,250

20,500

15,000

10,000

30,324

243,645

231,490

206,250

230,080

278,000

275,843

259,389

311,532

350,052

Accounts payable

0
0
0
4,187
0
0
0
7,062
4,441
7,786
15,035
19,455
30,175
34,220
37,687
74,260
41,708
28,584
23,510
27,740
34,937
30,050
25,391
27,075
22,907
23,618
22,166
29,866
24,216
33,255
32,490
38,685
40,628
39,064
42,520
44,665
43,806
37,541
42,104
45,544
49,392
48,340
44,729
65,755
54,706
61,513
58,115
63,738
49,644
57,733
57,429
70,586
54,129
60,734
62,604
75,074
68,601
63,705
69,168
102,599
87,039
95,068
97,359
134,578
92,818
76,785
77,124
91,365
90,894
94,939
96,644
105,652
95,706
99,365
128,528
135,778
109,854
113,273
123,414
134,503

134,503

123,414

113,273

109,854

135,778

128,528

99,365

95,706

105,652

96,644

94,939

90,894

91,365

77,124

76,785

92,818

134,578

97,359

95,068

87,039

102,599

69,168

63,705

68,601

75,074

62,604

60,734

54,129

70,586

57,429

57,733

49,644

63,738

58,115

61,513

54,706

65,755

44,729

48,340

49,392

45,544

42,104

37,541

43,806

44,665

42,520

39,064

40,628

38,685

32,490

33,255

24,216

29,866

22,166

23,618

22,907

27,075

25,391

30,050

34,937

27,740

23,510

28,584

41,708

74,260

37,687

34,220

30,175

19,455

15,035

7,786

4,441

7,062

4,187

Other Current Liabilities

0
0
0
14,773
0
0
0
18,895
20,629
22,463
58,241
3,682
6,115
87,716
1,624
74,885
6,574
41
74,305
62,700
64,314
57,951
62,331
53,842
54,339
55,042
67,319
66,272
67,449
67,683
70,930
75,467
70,199
75,494
78,715
5,732
68,510
76,289
78,772
3,530
81,373
89,404
88,617
4,475
85,640
94,557
97,964
5,547
87,554
103,953
109,509
12,389
96,012
85,333
98,841
6,641
32,281
25,886
128,567
17,485
127,871
116,222
141,702
133,491
124,414
119,349
148,569
260,262
209,964
191,159
202,007
186,413
176,484
176,631
173,625
209,505
171,626
195,772
183,853
212,795

212,795

183,853

195,772

171,626

209,505

173,625

176,631

176,484

186,413

202,007

191,159

209,964

260,262

148,569

119,349

124,414

133,491

141,702

116,222

127,871

17,485

128,567

25,886

32,281

6,641

98,841

85,333

96,012

12,389

109,509

103,953

87,554

5,547

97,964

94,557

85,640

4,475

88,617

89,404

81,373

3,530

78,772

76,289

68,510

5,732

78,715

75,494

70,199

75,467

70,930

67,683

67,449

66,272

67,319

55,042

54,339

53,842

62,331

57,951

64,314

62,700

74,305

6,574

74,885

1,624

87,716

6,115

3,682

58,241

22,463

20,629

18,895

14,773

> Long-term Liabilities

0
0
0
18,920
0
0
0
59,101
58,635
59,976
21,041
5,533
24,371
10,793
9,022
63,022
112,451
111,400
105,174
95,308
246,166
240,379
229,899
164,380
155,468
141,448
117,365
103,914
99,010
84,536
70,307
167,255
181,214
174,332
143,005
134,140
118,505
107,925
105,208
76,603
160,705
167,573
150,992
406,408
431,929
415,533
388,568
366,026
400,738
378,476
344,207
322,847
344,239
351,736
306,588
269,855
297,316
310,345
301,147
275,386
410,880
473,170
432,832
344,684
703,384
641,124
574,813
493,302
496,198
494,352
432,884
669,433
710,210
689,510
948,031
823,055
873,966
873,421
792,613
813,948

813,948

792,613

873,421

873,966

823,055

948,031

689,510

710,210

669,433

432,884

494,352

496,198

493,302

574,813

641,124

703,384

344,684

432,832

473,170

410,880

275,386

301,147

310,345

297,316

269,855

306,588

351,736

344,239

322,847

344,207

378,476

400,738

366,026

388,568

415,533

431,929

406,408

150,992

167,573

160,705

76,603

105,208

107,925

118,505

134,140

143,005

174,332

181,214

167,255

70,307

84,536

99,010

103,914

117,365

141,448

155,468

164,380

229,899

240,379

246,166

95,308

105,174

111,400

112,451

63,022

9,022

10,793

24,371

5,533

21,041

59,976

58,635

59,101

18,920

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
63,414
50,000
145,000
152,146
143,530
115,000
105,000
86,711
75,000
64,064
40,000
127,208
132,808
115,216
350,052
0
0
0
311,532
337,930
317,904
0
259,389
275,843
0
230,080
206,250
231,490
243,645
232,504
200,424
232,318
288,544
245,000
165,444
506,979
440,928
362,280
303,214
314,451
321,681
269,732
411,605
449,776
435,075
681,197
533,084
571,979
0
0
0

571,979

533,084

681,197

435,075

449,776

411,605

269,732

321,681

314,451

303,214

362,280

440,928

506,979

165,444

245,000

288,544

232,318

200,424

232,504

243,645

231,490

206,250

230,080

275,843

259,389

317,904

337,930

311,532

350,052

115,216

132,808

127,208

40,000

64,064

75,000

86,711

105,000

115,000

143,530

152,146

145,000

50,000

63,414

Other Liabilities

0
0
0
1,485
0
0
0
2,166
0
4,714
4,794
4,209
4,204
3,905
3,756
6,834
7,038
6,412
4,033
4,459
7,587
7,144
6,672
7,724
7,625
9,464
9,524
8,846
10,162
11,562
11,928
13,008
18,953
20,367
19,377
20,059
20,904
21,023
31,030
25,823
22,827
24,046
23,832
28,470
30,141
31,705
32,656
29,172
27,548
25,749
25,726
24,344
24,553
29,297
29,348
30,254
65,826
66,700
68,643
74,962
65,886
67,686
62,968
59,990
55,232
65,231
76,380
74,474
75,196
75,925
75,620
66,023
70,577
68,465
66,083
91,604
0
88,318
0
0

88,318

91,604

66,083

68,465

70,577

66,023

75,620

75,925

75,196

74,474

76,380

65,231

55,232

59,990

62,968

67,686

65,886

74,962

68,643

66,700

65,826

30,254

29,348

29,297

24,553

24,344

25,726

25,749

27,548

29,172

32,656

31,705

30,141

28,470

23,832

24,046

22,827

25,823

31,030

21,023

20,904

20,059

19,377

20,367

18,953

13,008

11,928

11,562

10,162

8,846

9,524

9,464

7,625

7,724

6,672

7,144

7,587

4,459

4,033

6,412

7,038

6,834

3,756

3,905

4,204

4,209

4,794

4,714

2,166

1,485

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,872
15,207
16,470
17,821
19,872
18,439
10,599
22,091
23,674
22,400
23,692
24,494
25,174
26,749
47,883
0
0
39,489
41,107
51,015
50,514
0
54,714
0
0
62,130
48,470
50,341
49,045
51,665
54,103
43,344
42,079
40,281
37,621
39,494
38,118
43,202
34,330
36,966
37,790
39,202
41,913
47,684
47,643
46,449
68,038
69,343
0
0
0

69,343

68,038

46,449

47,643

47,684

41,913

39,202

37,790

36,966

34,330

43,202

38,118

39,494

37,621

40,281

42,079

43,344

54,103

51,665

49,045

50,341

48,470

62,130

54,714

50,514

51,015

41,107

39,489

47,883

26,749

25,174

24,494

23,692

22,400

23,674

22,091

10,599

18,439

19,872

17,821

16,470

15,207

15,872

> Total Stockholder Equity

0
0
0
47,861
0
0
0
52,903
54,160
53,862
95,889
113,947
124,614
140,021
153,452
164,791
175,335
185,959
194,534
202,917
211,239
219,907
227,847
317,560
324,774
334,186
344,389
352,733
362,085
372,758
383,581
393,028
403,067
408,976
416,523
428,750
439,206
451,136
467,126
474,091
487,181
481,841
488,672
500,689
506,987
513,845
517,378
523,276
528,228
536,308
550,449
566,004
562,253
573,130
584,786
616,030
622,501
635,371
650,673
660,417
662,571
666,637
685,502
714,551
690,756
705,103
726,911
746,961
751,233
771,511
790,552
803,470
803,302
819,417
837,739
853,211
846,689
872,845
893,330
917,585

917,585

893,330

872,845

846,689

853,211

837,739

819,417

803,302

803,470

790,552

771,511

751,233

746,961

726,911

705,103

690,756

714,551

685,502

666,637

662,571

660,417

650,673

635,371

622,501

616,030

584,786

573,130

562,253

566,004

550,449

536,308

528,228

523,276

517,378

513,845

506,987

500,689

488,672

481,841

487,181

474,091

467,126

451,136

439,206

428,750

416,523

408,976

403,067

393,028

383,581

372,758

362,085

352,733

344,389

334,186

324,774

317,560

227,847

219,907

211,239

202,917

194,534

185,959

175,335

164,791

153,452

140,021

124,614

113,947

95,889

53,862

54,160

52,903

47,861

Common Stock

0
0
0
92
0
0
0
93
93
93
13
14
14
14
15
15
15
15
15
15
15
15
15
19
19
19
19
20
20
20
20
20
20
20
20
20
20
20
21
21
21
21
21
21
21
21
21
21
21
22
22
22
22
22
22
22
22
22
22
22
23
23
23
23
23
23
23
23
23
23
23
23
23
23
23
23
24
24
24
24

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
150,326
159,660
168,502
177,439
187,785
197,358
206,577
216,689
227,020
238,151
245,907
255,623
265,621
277,174
285,937
293,837
303,011
314,556
325,306
334,993
345,780
359,217
371,890
382,067
394,004
407,696
434,766
445,375
456,358
470,386
486,442
499,126
511,095
528,103
544,840
552,303
563,322
578,554
588,731
604,441
622,113
639,862
649,298
664,532
680,323
696,792
703,030
716,795
0
0
0

716,795

703,030

696,792

680,323

664,532

649,298

639,862

622,113

604,441

588,731

578,554

563,322

552,303

544,840

528,103

511,095

499,126

486,442

470,386

456,358

445,375

434,766

407,696

394,004

382,067

371,890

359,217

345,780

334,993

325,306

314,556

303,011

293,837

285,937

277,174

265,621

255,623

245,907

238,151

227,020

216,689

206,577

197,358

187,785

177,439

168,502

159,660

150,326

Accumulated Other Comprehensive Income

0
0
0
-759
0
0
0
-931
-1,244
-377
-415
-335
-301
46
377
340
320
484
113
-284
-524
-403
-252
-337
-419
-743
-569
-524
-368
-324
-535
-805
-1,194
-1,424
-1,340
-1,241
-1,486
-1,683
-1,238
-990
-1,337
-530
-1,885
-2,481
-4,569
-3,070
-6,970
-7,491
-8,408
-10,434
-10,599
-9,640
-9,268
-7,168
-6,610
-5,039
-4,259
-7,576
-8,144
-12,551
-12,268
-15,121
-18,402
-12,144
-23,267
-23,431
-19,760
-14,106
-11,326
-10,894
-12,865
-11,035
-8,376
-12,587
-14,142
-8,133
-9,467
-6,316
-10,369
-11,885

-11,885

-10,369

-6,316

-9,467

-8,133

-14,142

-12,587

-8,376

-11,035

-12,865

-10,894

-11,326

-14,106

-19,760

-23,431

-23,267

-12,144

-18,402

-15,121

-12,268

-12,551

-8,144

-7,576

-4,259

-5,039

-6,610

-7,168

-9,268

-9,640

-10,599

-10,434

-8,408

-7,491

-6,970

-3,070

-4,569

-2,481

-1,885

-530

-1,337

-990

-1,238

-1,683

-1,486

-1,241

-1,340

-1,424

-1,194

-805

-535

-324

-368

-524

-569

-743

-419

-337

-252

-403

-524

-284

113

484

320

340

377

-301

-335

-415

-377

-1,244

-931

-759

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
225,058
227,031
227,577
229,885
232,159
234,752
237,262
239,530
242,207
246,680
250,698
258,223
262,291
263,740
267,206
271,313
274,748
277,300
280,113
282,838
286,350
289,828
292,427
297,077
300,394
305,394
307,821
311,941
317,013
322,600
326,208
330,763
335,345
340,626
346,795
350,658
354,200
357,328
369,058
372,420
376,622
380,215
384,984
388,639
393,224
396,962
401,957
405,818
0
0
0

405,818

401,957

396,962

393,224

388,639

384,984

380,215

376,622

372,420

369,058

357,328

354,200

350,658

346,795

340,626

335,345

330,763

326,208

322,600

317,013

311,941

307,821

305,394

300,394

297,077

292,427

289,828

286,350

282,838

280,113

277,300

274,748

271,313

267,206

263,740

262,291

258,223

250,698

246,680

242,207

239,530

237,262

234,752

232,159

229,885

227,577

227,031

225,058

Treasury Stock

-266,481

-243,666

-241,896

-241,566

-241,516

-219,800

-216,683

-216,353

-214,325

-196,745

-189,234

-189,011

-188,961

-164,963

-164,848

-164,705

-155,073

-139,704

-134,191

-130,446

-130,578

-121,540

-121,716

-114,122

-107,645

-88,695

-88,019

-85,410

-81,216

-74,673

-67,529

-60,865

-53,615

-49,994

-50,378

-45,562

-25,349

-21,545

-16,488

-16,428

-15,547

-13,868

-14,267

-9,564

-3,083

-2,266

-2,595

-2,322

-2,070

-1,291

-628

-584

-450

-1,395

-25

-143

-1,474

-1,438

-1,003

-760

-746

-843

-428

-520

-918

-1,383

Other Stockholders Equity

0
0
0
46,716
0
0
0
49,907
50,383
50,624
89,796
98,567
101,388
105,288
107,293
109,049
111,798
114,360
116,438
119,076
121,756
125,134
127,807
211,412
213,288
215,823
218,459
219,600
221,070
222,736
224,436
225,311
226,802
222,595
220,485
223,394
223,983
225,779
230,192
229,153
232,874
216,729
213,362
217,212
217,698
213,883
209,771
205,440
201,622
200,940
201,809
203,732
189,432
186,272
183,678
186,281
181,363
186,567
188,409
186,504
175,690
170,640
175,778
181,832
161,697
165,189
168,094
172,313
158,095
160,269
163,532
165,184
147,123
151,658
155,066
158,291
139,337
144,669
148,103
154,347

154,347

148,103

144,669

139,337

158,291

155,066

151,658

147,123

165,184

163,532

160,269

158,095

172,313

168,094

165,189

161,697

181,832

175,778

170,640

175,690

186,504

188,409

186,567

181,363

186,281

183,678

186,272

189,432

203,732

201,809

200,940

201,622

205,440

209,771

213,883

217,698

217,212

213,362

216,729

232,874

229,153

230,192

225,779

223,983

223,394

220,485

222,595

226,802

225,311

224,436

222,736

221,070

219,600

218,459

215,823

213,288

211,412

127,807

125,134

121,756

119,076

116,438

114,360

111,798

109,049

107,293

105,288

101,388

98,567

89,796

50,624

50,383

49,907

46,716

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31
Accounts Payable	134,503	135,778	105,652	91,365	134,578	102,599	75,074	70,586	63,738	65,755	45,544	44,665	38,685	29,866	27,075	27,740	74,260	19,455	7,062	4,187	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Accumulated Other Comprehensive Income	-11,885	-8,133	-11,035	-14,106	-12,144	-12,551	-5,039	-9,640	-7,491	-2,481	-990	-1,241	-805	-524	-337	-284	340	-335	-931	-759	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Capital Lease Obligations	212,265	220,053	226,706	138,964	151,750	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Capital Stock	24	23	23	23	23	22	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Capital Surpluse	0	401,957	384,984	369,058	346,795	326,208	307,821	292,427	280,113	0	0	237,262	227,577	0	0	0	0	0	0	0	-	-	-
Cash	9,449	11,257	8,254	13,841	6,482	11,694	11,809	6,042	7,747	12,122	8,953	14,725	4,097	3,301	2,353	1,536	2,733	2,997	499	797	-	-	1,011
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Cash And Short Term Investments	9,449	11,257	8,254	13,841	6,482	11,694	11,809	6,042	7,747	12,122	8,953	14,725	4,097	3,301	2,353	1,536	2,733	2,997	499	797	-	-	1,011
Common Stock	24	23	23	23	23	22	22	22	21	21	21	20	20	20	19	15	15	14	93	92	-	-	-
Common Stock Shares Outstanding	18,994	19,033	19,124	19,135	19,224	19,335	19,244	19,416	19,663	19,997	20,186	19,957	19,928	19,626	15,914	15,270	14,896	10,796	9,737	9,398	9,123	8,385	6,980
Common Stock Total Equity	0	23	23	23	23	22	22	22	21	21	21	20	20	20	19	15	15	14	93	92	-	-	-
Current Deferred Revenue	21,997	25,773	39,665	42,050	37,413	33,494	38,571	29,394	33,392	31,554	20,282	22,333	20,180	20,034	19,370	12,352	16,067	18,281	6,396	4,081	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Deferred Long Term Liab	0	68,038	41,913	34,330	37,621	1,690	2,200	1,300	41,107	2,300	0	10,599	16,470	0	0	0	0	0	0	0	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Good Will	1,219,476	1,212,898	1,046,760	909,913	719,934	715,644	686,108	683,683	687,404	687,778	418,839	410,583	401,134	323,467	323,467	198,724	159,491	83,833	81,182	53,287	-	-	-
Intangible Assets	94,904	126,537	79,645	59,887	25,829	35,494	35,304	46,129	58,899	76,707	12,239	21,016	33,740	26,148	38,474	16,844	17,710	2,720	4,127	2,205	-	-	-
Inventory	0	1,711	12,179	68,146	0	0	11,191	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Liabilities And Stockholders Equity	2,149,759	2,092,258	1,849,534	1,667,290	1,397,217	1,213,862	1,110,255	1,085,571	1,083,159	1,110,340	700,914	709,721	694,615	572,819	582,227	401,017	393,025	215,827	151,124	94,057	-	105,945	88,311
Long Term Debt	404,407	533,084	411,605	303,214	165,444	200,424	206,250	259,389	311,532	350,052	40,000	105,000	145,000	85,000	145,000	80,000	47,079	0	54,205	16,844	-	-	-
Long Term Debt Total	0	533,084	411,605	303,214	165,444	200,424	206,250	259,389	311,532	0	0	105,000	145,000	0	0	0	0	0	0	0	-	-	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Debt	633,223	765,130	640,057	438,337	310,712	188,730	194,441	253,347	303,785	337,930	31,047	90,275	140,903	81,699	142,647	78,464	44,346	-2,997	60,473	20,282	-	31,654	34,922
Net Invested Capital	1,347,992	1,409,545	1,225,075	1,060,175	879,995	860,841	822,280	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Receivables	409,653	413,041	386,376	368,196	410,833	364,159	297,111	281,365	259,834	265,969	209,544	216,169	210,581	178,591	178,295	154,308	192,092	110,548	52,871	30,070	-	-	-
Net Tangible Assets	0	-486,224	-322,935	-222,839	-31,212	-90,721	-105,382	-163,808	523,276	-263,796	0	-2,849	-41,846	0	0	0	0	0	0	0	-	-	-
Net Working Capital	28,931	50,726	72,532	48,648	96,735	114,047	107,068	102,411	83,756	85,186	76,124	91,671	96,257	77,688	88,364	63,925	37,470	22,351	18,141	5,502	-	-	-
Non Current Assets Total	1,702,602	1,625,540	1,400,371	1,191,615	962,500	821,756	778,817	786,440	805,546	821,911	474,570	471,219	464,026	378,959	393,576	234,300	190,343	97,129	93,863	61,279	-	-	-
Non Current Liabilities Other	56,045	221,933	215,915	155,758	141,619	20,859	15,135	8,744	0	0	0	9,460	5,785	0	0	0	0	0	0	0	-	-	-
Non Current Liabilities Total	813,948	823,055	669,433	493,302	344,684	275,386	269,855	322,847	366,026	406,408	76,603	134,140	167,255	103,914	164,380	95,308	63,022	5,533	59,101	18,920	-	27,904	33,183
Non Currrent Assets Other	41,082	-19,351	44,496	32,249	24,535	22,513	19,353	16,144	13,818	14,185	13,278	10,760	8,085	10,457	9,035	5,359	5,601	5,188	4,570	55,009	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Assets	0	32,637	44,496	32,249	24,535	22,513	19,353	16,144	13,818	14,185	11,678	9,260	6,585	8,957	7,935	5,359	5,601	5,188	4,470	1,222	-	105,945	88,311
Other Current Assets	28,055	40,709	42,354	25,492	17,402	16,253	11,327	11,724	10,032	10,338	7,847	7,608	15,911	11,968	8,003	10,873	7,857	5,153	3,891	1,911	-	-	-
Other Current Liab	212,795	209,505	186,413	260,262	133,491	137,806	6,641	12,389	5,547	4,475	3,530	5,732	75,467	66,272	53,842	62,700	74,885	3,682	18,895	14,773	-	-	-2,750
Other Liab	0	91,604	66,023	74,474	59,990	74,962	63,605	67,698	62,498	28,470	25,823	20,059	13,008	8,846	7,724	4,459	6,834	4,209	2,166	1,485	-	-	-
Other Stockholder Equity	154,347	158,291	165,184	172,313	181,832	186,504	186,281	203,732	205,440	217,212	229,153	223,394	225,311	219,600	211,412	119,076	109,049	98,567	49,907	46,716	-	43,079	30,815
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Property Plant And Equipment Gross	278,536	234,468	229,470	189,566	192,202	48,105	38,052	40,484	45,425	43,241	30,214	28,860	21,067	18,887	22,600	13,373	7,541	5,388	3,984	4,065	-	-	-
Property Plant And Equipment Net	208,755	234,468	229,470	189,566	192,202	48,105	38,052	40,484	45,425	43,241	30,214	28,860	21,067	18,887	22,600	13,373	7,541	5,388	3,984	4,065	-	-	-
Property Plant Equipment	0	85,402	52,053	62,434	58,237	48,105	38,052	40,484	45,425	43,241	30,214	28,860	21,067	18,887	22,600	13,373	7,541	5,388	3,984	4,065	-	-	-
Retained Earnings	775,099	703,030	649,298	588,731	544,840	486,442	434,766	371,890	325,306	285,937	245,907	206,577	168,502	133,637	106,466	84,110	55,387	15,701	3,834	1,812	-	-	-
Retained Earnings Total Equity	0	703,030	649,298	588,731	544,840	486,442	434,766	371,890	325,306	0	0	206,577	168,502	0	0	0	0	0	0	0	-	-	-
Short Long Term Debt	26,000	23,250	10,000	10,000	0	0	206,250	259,389	311,532	350,052	0	0	0	0	0	0	0	0	0	0	-	-	-
Short Long Term Debt Total	642,672	776,387	648,311	452,178	317,194	200,424	206,250	259,389	311,532	350,052	40,000	105,000	145,000	85,000	145,000	80,000	47,079	0	60,972	21,079	-	31,654	35,933
Short Term Debt	48,931	44,936	44,901	33,350	32,500	4,160	104,084	84,351	91,180	101,459	80,864	74,101	0	0	0	0	0	54,929	6,767	4,235	-	3,750	2,750
Short Term Investments	0	0	0	0	0	0	11,191	0	0	0	0	0	0	0	0	2,180	0	0	0	0	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Total Assets	2,149,759	2,092,258	1,849,534	1,667,290	1,397,217	1,213,862	1,110,255	1,085,571	1,083,159	1,110,340	700,914	709,721	694,615	572,819	582,227	401,017	393,025	215,827	151,124	94,057	-	105,945	88,311
Total Current Assets	447,157	466,718	449,163	475,675	434,717	392,106	331,438	299,131	277,613	288,429	226,344	238,502	230,589	193,860	188,651	166,717	202,682	118,698	57,261	32,778	-	-	1,011
Total Current Liabilities	418,226	415,992	376,631	427,027	337,982	278,059	224,370	196,720	193,857	203,243	150,220	146,831	134,332	116,172	100,287	102,792	165,212	96,347	39,120	27,276	-	3,750	2,750
Total Liab	1,232,174	1,239,047	1,046,064	920,329	682,666	553,445	494,225	519,567	559,883	609,651	226,823	280,971	301,587	220,086	264,667	198,100	228,234	101,880	98,221	46,196	-	62,866	57,496
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Total Stockholder Equity	917,585	853,211	803,470	746,961	714,551	660,417	616,030	566,004	523,276	500,689	474,091	428,750	393,028	352,733	317,560	202,917	164,791	113,947	52,903	47,861	-	43,079	30,815
Treasury Stock	0	-243,666	-219,800	-196,745	-164,963	-139,704	-121,540	-88,695	-74,673	-49,994	-21,545	-13,868	-2,266	-1,291	0	-1,474	-746	-428	-918	-1,383	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31
Accounts Payable	134,503	123,414	113,273	109,854	135,778	128,528	99,365	95,706	105,652	96,644	94,939	90,894	91,365	77,124	76,785	92,818	134,578	97,359	95,068	87,039	102,599	69,168	63,705	68,601	75,074	62,604	60,734	54,129	70,586	57,429	57,733	49,644	63,738	58,115	61,513	54,706	65,755	44,729	48,340	49,392	45,544	42,104	37,541	43,806	44,665	42,520	39,064	40,628	38,685	32,490	33,255	24,216	29,866	22,166	23,618	22,907	27,075	25,391	30,050	34,937	27,740	23,510	28,584	41,708	74,260	37,687	34,220	30,175	19,455	15,035	7,786	4,441	7,062	0	0	0	4,187	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-11,885	-10,369	-6,316	-9,467	-8,133	-14,142	-12,587	-8,376	-11,035	-12,865	-10,894	-11,326	-14,106	-19,760	-23,431	-23,267	-12,144	-18,402	-15,121	-12,268	-12,551	-8,144	-7,576	-4,259	-5,039	-6,610	-7,168	-9,268	-9,640	-10,599	-10,434	-8,408	-7,491	-6,970	-3,070	-4,569	-2,481	-1,885	-530	-1,337	-990	-1,238	-1,683	-1,486	-1,241	-1,340	-1,424	-1,194	-805	-535	-324	-368	-524	-569	-743	-419	-337	-252	-403	-524	-284	113	484	320	340	377	46	-301	-335	-415	-377	-1,244	-931	0	0	0	-759	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	212,265	210,666	220,782	223,363	220,053	225,489	212,237	220,387	226,706	122,950	131,874	135,432	138,964	157,555	154,949	162,323	151,750	155,799	146,178	143,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	24	24	24	24	23	23	23	23	23	23	23	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	405,818	401,957	396,962	393,224	388,639	384,984	380,215	376,622	372,420	369,058	357,328	354,200	350,658	346,795	340,626	335,345	330,763	326,208	322,600	317,013	311,941	307,821	305,394	300,394	297,077	292,427	289,828	286,350	282,838	280,113	277,300	274,748	271,313	267,206	263,740	262,291	258,223	250,698	246,680	242,207	239,530	237,262	234,752	232,159	229,885	227,577	227,031	225,058	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	9,449	5,084	6,972	5,364	11,257	8,483	6,063	7,392	8,254	7,883	9,603	8,592	13,841	8,237	9,064	58,661	6,482	7,452	6,304	5,689	11,694	5,804	6,322	19,292	11,809	6,485	9,493	8,207	6,042	9,647	10,848	9,359	7,747	5,722	7,449	7,025	12,122	7,509	8,026	20,204	8,953	6,006	5,486	4,465	14,725	6,062	5,257	5,713	4,097	2,010	2,677	6,288	3,301	6,498	5,338	6,766	2,353	9,250	4,373	2,049	1,536	2,699	2,018	2,567	2,733	2,074	1,677	1,274	2,997	1,595	1,144	1,296	499	0	0	0	797	0	0	0
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	9,449	5,084	6,972	5,364	11,257	8,483	6,063	7,392	8,254	7,883	9,603	8,592	13,841	8,237	9,064	58,661	6,482	7,452	6,304	5,689	11,694	5,804	6,322	19,292	11,809	6,485	9,493	8,207	6,042	9,647	10,848	9,359	7,747	5,722	7,449	7,025	12,122	7,509	8,026	20,204	8,953	6,006	5,486	4,465	14,725	6,062	5,257	5,713	4,097	2,010	2,677	6,288	3,301	6,498	5,338	6,766	2,353	9,250	4,373	2,049	1,536	2,699	2,018	2,567	2,733	2,074	1,677	1,274	2,997	1,595	1,144	1,296	499	0	0	0	797	0	0	0
Common Stock	24	24	24	24	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	22	22	22	22	22	22	22	22	22	22	22	21	21	21	21	21	21	21	21	21	21	21	20	20	20	20	20	20	20	20	20	20	20	19	19	19	19	15	15	15	15	15	15	15	15	15	14	14	14	13	93	93	93	0	0	0	92	0	0	0
Common Stock Shares Outstanding	19,025	18,974	18,919	18,949	19,065	19,009	18,954	19,012	19,138	19,061	19,022	19,118	18,853	19,086	19,020	19,197	19,234	19,169	19,133	19,263	19,333	19,306	19,209	19,158	19,136	19,024	19,086	19,423	19,512	19,329	19,293	19,273	19,373	19,556	19,706	19,838	19,744	19,713	20,082	20,277	20,233	20,165	19,996	19,875	19,690	19,770	19,971	20,082	19,769	19,860	19,847	19,780	19,580	19,630	19,568	19,504	19,282	15,844	15,710	15,572	15,079	15,283	15,179	15,179	14,482	14,999	14,848	14,415	13,753	10,475	9,248	9,772	9,058	9,882	9,882	9,882	9,248	9,248	9,248	9,248
Common Stock Total Equity	0	0	0	24	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	23	22	22	22	22	22	22	22	22	22	22	22	21	21	21	21	21	21	21	21	21	21	21	20	20	20	20	20	20	20	20	20	20	20	19	19	19	19	15	15	15	15	15	15	15	15	15	14	14	14	13	93	93	93	0	0	0	92	0	0	0
Current Deferred Revenue	21,997	16,989	19,647	25,771	25,773	24,599	24,612	31,491	39,665	38,108	35,700	43,589	42,050	36,473	30,135	29,318	37,413	32,086	33,435	35,936	33,494	26,489	25,886	32,281	38,571	34,485	27,113	27,280	29,394	30,472	32,570	29,742	33,392	34,543	31,517	36,672	31,554	20,471	20,749	23,536	20,282	19,069	21,097	22,471	22,333	18,843	22,956	24,241	20,180	20,887	20,596	20,931	20,034	16,496	14,069	16,421	19,370	16,347	13,143	14,671	12,352	12,299	13,532	13,698	16,067	14,584	11,483	15,556	18,281	14,448	14,745	5,688	6,396	0	0	0	4,081	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	69,343	68,038	46,449	47,643	47,684	41,913	39,202	37,790	36,966	34,330	43,202	38,118	39,494	37,621	40,281	42,079	43,344	54,103	51,665	49,045	50,341	48,470	62,130	0	0	54,714	0	50,514	51,015	41,107	39,489	0	0	47,883	26,749	25,174	24,494	23,692	22,400	23,674	22,091	10,599	18,439	19,872	17,821	16,470	15,207	15,872	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	1,219,476	1,219,326	1,236,380	1,213,908	1,212,898	1,190,450	1,043,908	1,045,503	1,046,760	909,226	910,640	910,359	909,913	906,999	905,101	905,177	719,934	716,699	719,117	720,360	715,644	702,585	693,027	694,338	686,108	685,922	685,071	683,998	683,683	684,793	685,389	687,334	687,404	690,576	693,188	692,454	687,778	461,659	459,471	464,285	418,839	421,480	410,482	410,482	410,583	409,979	407,862	406,799	401,134	327,032	325,835	325,999	323,467	323,467	323,467	323,467	323,467	301,832	302,237	299,650	198,724	200,061	200,543	201,948	159,491	111,716	116,531	91,661	83,833	83,572	81,145	81,174	81,182	0	0	0	53,287	0	0	0
Intangible Assets	94,904	103,211	117,145	116,430	126,537	135,932	69,178	74,274	79,645	50,816	53,899	56,900	59,887	63,200	66,558	70,048	25,829	27,478	29,548	33,520	35,494	33,234	33,437	35,861	35,304	37,971	40,692	43,408	46,129	49,296	52,464	55,649	58,899	63,409	68,104	72,392	76,707	15,852	18,125	19,662	12,239	14,738	16,264	18,622	21,016	24,788	27,952	32,476	33,740	20,817	22,685	24,729	26,148	29,229	32,311	35,393	38,474	34,150	37,308	42,101	16,844	19,086	21,328	20,649	17,710	12,400	4,734	5,350	2,720	3,064	3,430	3,760	4,127	0	0	0	2,205	0	0	0
Inventory	0	2,770	4,498	3,572	1,711	-4,373	-2,185	0	12,179	34,419	26,307	42,231	68,146	0	0	0	0	0	0	0	0	0	0	0	11,191	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	2,149,759	2,055,120	2,115,422	2,072,430	2,092,258	2,157,760	1,850,802	1,857,723	1,849,534	1,605,613	1,632,789	1,630,759	1,667,290	1,607,471	1,615,524	1,684,023	1,397,217	1,420,416	1,413,770	1,354,621	1,213,862	1,176,044	1,134,551	1,127,021	1,110,255	1,087,647	1,098,046	1,083,913	1,085,571	1,092,066	1,109,345	1,102,165	1,083,159	1,102,056	1,119,109	1,115,934	1,110,340	793,481	807,907	802,187	700,914	712,279	693,988	692,498	709,721	699,606	720,822	719,349	694,615	578,195	578,828	576,306	572,819	567,735	568,363	573,909	582,227	561,815	561,430	572,969	401,017	409,822	404,116	411,468	393,025	303,241	284,233	271,918	215,827	216,754	171,232	155,953	151,124	0	0	0	94,057	0	0	0
Long Term Debt	404,407	510,687	581,297	571,979	533,084	681,197	435,075	449,776	411,605	269,732	321,681	314,451	303,214	362,280	440,928	506,979	165,444	245,000	288,544	232,318	200,424	232,504	243,645	231,490	206,250	230,080	278,000	275,843	259,389	281,194	317,904	337,930	311,532	332,155	360,000	377,299	350,052	115,216	132,808	127,208	40,000	64,064	75,000	86,711	105,000	115,000	143,530	152,146	145,000	50,000	63,414	80,000	85,000	100,000	120,000	135,000	145,000	210,000	221,673	226,008	80,000	89,692	92,896	92,903	47,079	0	5,000	18,927	0	13,567	52,532	0	54,205	0	0	0	16,844	0	0	0
Long Term Debt Total	0	0	0	571,979	533,084	681,197	435,075	449,776	411,605	269,732	321,681	314,451	303,214	362,280	440,928	506,979	165,444	245,000	288,544	232,318	200,424	232,504	243,645	231,490	206,250	230,080	0	275,843	259,389	0	317,904	337,930	311,532	0	0	0	350,052	115,216	132,808	127,208	40,000	64,064	75,000	86,711	105,000	115,000	143,530	152,146	145,000	50,000	63,414	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	633,223	739,519	815,607	815,978	765,130	918,703	656,249	672,771	640,057	394,799	453,952	451,291	438,337	521,598	596,813	620,641	310,712	393,347	428,418	369,629	188,730	226,700	237,323	212,198	194,441	223,595	268,507	267,636	253,347	271,547	307,056	328,571	303,785	326,433	352,551	370,274	337,930	107,707	124,782	107,004	31,047	58,058	69,514	82,246	90,275	108,938	138,273	146,433	140,903	47,990	60,737	73,712	81,699	93,502	114,662	128,234	142,647	200,750	217,300	223,959	78,464	86,993	90,878	90,336	44,346	-2,074	3,323	17,653	-2,997	24,072	63,788	65,048	60,473	0	0	0	20,282	0	0	0
Net Invested Capital	1,347,992	1,427,267	1,474,642	1,444,668	1,409,545	1,539,436	1,269,492	1,263,078	1,225,075	1,070,284	1,103,192	1,075,684	1,060,175	1,099,191	1,156,031	1,207,735	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	409,653	435,260	434,191	417,579	413,041	491,061	421,292	403,262	386,376	375,126	401,669	378,446	368,196	381,824	390,411	400,312	410,833	430,044	431,136	378,499	364,159	347,638	317,027	302,700	297,111	289,658	293,503	280,157	281,365	276,258	282,673	276,413	259,834	271,671	283,206	277,225	265,969	251,682	260,883	243,904	209,544	219,158	211,100	212,139	216,169	207,449	226,241	223,735	210,581	188,671	187,170	180,816	178,591	169,405	164,541	166,918	178,295	172,121	170,708	184,337	154,308	157,339	153,900	161,178	192,092	157,189	145,563	155,354	110,548	111,662	67,651	57,208	52,871	0	0	0	30,070	0	0	0
Net Tangible Assets	0	0	-480,680	-483,649	-486,224	-488,643	-293,669	-316,475	-322,935	-169,490	-193,028	-216,026	-222,839	-243,288	-266,556	-284,469	-31,212	-58,675	-82,028	-91,309	-90,721	-85,146	-91,093	-107,698	-105,382	-139,107	-152,633	562,253	-117,679	-183,640	536,308	472,579	523,276	517,378	445,741	-257,859	-263,796	11,161	4,245	3,234	43,013	30,908	24,390	10,102	-2,849	-18,244	-26,838	-36,208	-41,846	35,732	24,238	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	28,931	108,231	109,084	103,081	50,726	160,159	111,077	109,300	72,532	66,360	96,437	68,056	48,648	104,832	149,744	188,975	96,735	154,873	180,210	118,566	114,047	145,826	150,907	129,798	107,068	112,772	143,094	124,237	102,411	101,658	118,069	127,777	83,756	92,359	109,935	118,804	85,186	119,266	126,782	118,988	76,124	95,455	92,619	88,470	91,671	85,964	108,927	105,595	96,257	80,799	82,272	83,029	77,688	79,163	89,826	89,899	88,364	89,293	89,407	86,406	63,925	60,499	59,044	49,653	37,470	26,781	18,774	40,027	22,351	20,356	18,188	19,374	18,141	0	0	0	5,502	0	0	0
Non Current Assets Total	1,702,602	1,577,712	1,637,182	1,617,574	1,625,540	1,625,611	1,397,850	1,404,212	1,400,371	1,157,076	1,169,426	1,179,375	1,191,615	1,196,892	1,196,483	1,205,165	962,500	963,461	959,597	954,885	821,756	805,994	794,809	790,019	778,817	778,602	781,772	782,255	786,440	792,998	796,715	801,189	805,546	813,587	819,443	820,112	821,911	520,398	522,632	528,898	474,570	476,879	466,442	469,241	471,219	473,564	474,381	478,686	464,026	373,089	375,022	378,066	378,959	382,591	385,808	390,343	393,576	368,453	370,879	370,999	234,300	239,209	238,315	238,133	190,343	135,693	132,040	108,958	97,129	96,574	95,650	93,421	93,863	0	0	0	61,279	0	0	0
Non Current Liabilities Other	56,045	52,783	28,486	232,644	221,933	220,385	20,822	212,750	215,915	123,950	38,135	144,781	155,758	169,331	162,078	156,911	141,619	22,687	25,607	135,218	20,859	16,978	17,655	15,485	15,135	14,378	0	0	8,744	0	10,058	11,793	0	0	0	0	8,473	9,027	9,591	9,003	12,911	18,744	9,251	9,703	9,460	9,566	10,930	11,247	5,785	5,100	5,250	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	813,948	792,613	873,421	873,966	823,055	948,031	689,510	710,210	669,433	432,884	494,352	496,198	493,302	574,813	641,124	703,384	344,684	432,832	473,170	410,880	275,386	301,147	310,345	297,316	269,855	306,588	351,736	344,239	322,847	344,207	378,476	400,738	366,026	388,568	415,533	431,929	406,408	150,992	167,573	160,705	76,603	105,208	107,925	118,505	134,140	143,005	174,332	181,214	167,255	70,307	84,536	99,010	103,914	117,365	141,448	155,468	164,380	229,899	240,379	246,166	95,308	105,174	111,400	112,451	63,022	9,022	10,793	24,371	5,533	21,041	59,976	58,635	59,101	0	0	0	18,920	0	0	0
Non Currrent Assets Other	41,082	42,297	53,089	-20,061	12,970	264	-871	49,416	44,496	41,509	40,049	32,572	32,249	26,091	24,596	22,645	24,535	23,939	23,762	22,530	22,513	24,433	23,408	22,560	19,353	18,682	18,128	16,130	16,144	15,913	14,793	13,940	13,818	14,524	14,859	14,743	14,185	13,967	14,558	13,689	13,278	12,929	11,769	11,621	10,760	10,919	10,576	10,110	8,085	8,397	9,255	9,552	10,457	10,735	10,024	10,054	9,035	8,908	8,796	5,791	5,359	5,722	5,948	6,562	5,601	5,278	5,291	6,743	5,188	5,022	6,174	4,765	4,570	0	0	0	55,009	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	0	50,553	0	32,637	50,496	49,473	46,411	44,496	41,509	40,049	32,572	32,249	26,091	24,596	22,645	24,535	23,939	23,762	22,530	22,513	24,433	23,408	22,560	740,765	742,575	743,891	743,536	745,956	750,002	752,646	756,923	760,121	768,509	776,151	779,589	778,670	491,478	492,154	497,636	444,356	449,147	438,515	440,725	442,359	445,686	446,390	449,385	442,959	356,246	357,775	360,280	360,072	363,431	365,802	368,914	370,976	344,890	348,341	347,542	220,927	224,869	227,819	229,159	182,802	129,394	126,556	103,754	91,741	91,658	90,749	0	89,879	0	0	0	57,214	0	0	0
Other Current Assets	28,055	34,294	32,579	28,341	40,709	32,605	25,597	42,857	42,354	31,109	25,784	22,115	25,492	20,518	19,566	19,885	17,402	19,459	16,733	15,548	16,253	16,608	16,393	15,010	11,327	12,902	13,278	13,294	11,724	13,163	19,109	15,204	10,032	11,076	9,011	11,572	10,338	13,892	16,366	9,181	7,847	10,236	10,960	6,653	7,608	12,531	14,943	11,215	15,911	14,425	13,959	11,136	11,968	9,241	12,676	9,882	8,003	11,991	15,470	15,584	10,873	10,575	9,883	9,590	7,857	8,285	4,953	6,332	5,153	6,923	6,787	4,028	3,891	0	0	0	1,911	0	0	0
Other Current Liab	212,795	183,853	195,772	171,626	209,505	173,625	176,631	176,484	186,413	202,007	191,159	209,964	260,262	148,569	119,349	124,414	133,491	141,702	116,222	127,871	17,485	128,567	25,886	32,281	6,641	98,841	85,333	96,012	12,389	109,509	103,953	87,554	5,547	97,964	94,557	85,640	4,475	88,617	89,404	81,373	3,530	78,772	76,289	68,510	5,732	78,715	75,494	70,199	75,467	70,930	67,683	67,449	66,272	67,319	55,042	54,339	53,842	62,331	57,951	64,314	62,700	74,305	41	6,574	74,885	1,624	87,716	6,115	3,682	58,241	22,463	20,629	18,895	0	0	0	14,773	0	0	0
Other Liab	0	0	88,318	0	91,604	66,083	68,465	70,577	66,023	75,620	75,925	75,196	74,474	76,380	65,231	55,232	59,990	62,968	67,686	65,886	74,962	68,643	66,700	65,826	30,254	29,348	29,297	24,553	24,344	25,726	25,749	27,548	29,172	32,656	31,705	30,141	28,470	23,832	24,046	22,827	25,823	31,030	21,023	20,904	20,059	19,377	20,367	18,953	13,008	11,928	11,562	10,162	8,846	9,524	9,464	7,625	7,724	6,672	7,144	7,587	4,459	4,033	6,412	7,038	6,834	3,756	3,905	4,204	4,209	4,794	4,714	0	2,166	0	0	0	1,485	0	0	0
Other Stockholder Equity	154,347	148,103	144,669	139,337	158,291	155,066	151,658	147,123	165,184	163,532	160,269	158,095	172,313	168,094	165,189	161,697	181,832	175,778	170,640	175,690	186,504	188,409	186,567	181,363	186,281	183,678	186,272	189,432	203,732	201,809	200,940	201,622	205,440	209,771	213,883	217,698	217,212	213,362	216,729	232,874	229,153	230,192	225,779	223,983	223,394	220,485	222,595	226,802	225,311	224,436	222,736	221,070	219,600	218,459	215,823	213,288	211,412	127,807	125,134	121,756	119,076	116,438	114,360	111,798	109,049	107,293	105,288	101,388	98,567	89,796	50,624	50,383	49,907	0	0	0	46,716	0	0	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	278,536	212,878	230,568	235,956	234,468	248,733	0	0	0	0	164,838	179,544	189,566	200,602	200,228	207,295	192,202	195,345	187,170	178,475	48,105	45,742	44,937	37,260	38,052	36,027	37,881	38,719	40,484	42,996	44,069	44,266	45,425	45,078	43,292	40,523	43,241	28,920	30,478	31,262	30,214	27,732	27,927	28,516	28,860	27,878	27,991	29,301	21,067	16,843	17,247	17,786	18,887	19,160	20,006	21,429	22,600	23,563	22,538	23,457	13,373	14,340	10,496	8,974	7,541	6,299	5,484	5,204	5,388	4,916	4,901	3,722	3,984	0	0	0	4,065	0	0	0
Property Plant And Equipment Net	208,755	212,878	230,568	235,956	234,468	248,733	235,291	235,019	229,470	155,525	164,838	179,544	189,566	200,602	200,228	207,295	192,202	195,345	187,170	178,475	48,105	45,742	44,937	37,260	38,052	36,027	37,881	38,719	40,484	42,996	44,069	44,266	45,425	45,078	43,292	40,523	43,241	28,920	30,478	31,262	30,214	27,732	27,927	28,516	28,860	27,878	27,991	29,301	21,067	16,843	17,247	17,786	18,887	19,160	20,006	21,429	22,600	23,563	22,538	23,457	13,373	14,340	10,496	8,974	7,541	6,299	5,484	5,204	5,388	4,916	4,901	3,722	3,984	0	0	0	4,065	0	0	0
Property Plant Equipment	0	0	230,568	85,445	85,402	248,733	235,291	62,886	52,053	155,525	164,838	60,294	62,434	62,020	61,039	61,951	58,237	195,345	54,455	50,888	48,105	45,742	44,937	37,260	38,052	36,027	37,881	38,719	40,484	42,996	44,069	44,266	45,425	45,078	43,292	40,523	43,241	28,920	30,478	31,262	30,214	27,732	27,927	28,516	28,860	27,878	27,991	29,301	21,067	16,843	17,247	17,786	18,887	19,160	20,006	21,429	22,600	23,563	22,538	23,457	13,373	14,340	10,496	8,974	7,541	6,299	5,484	5,204	5,388	4,916	4,901	0	3,984	0	0	0	4,065	0	0	0
Retained Earnings	775,099	755,572	734,468	716,795	703,030	696,792	680,323	664,532	649,298	639,862	622,113	604,441	588,731	578,554	563,322	552,303	544,840	528,103	511,095	499,126	486,442	470,386	456,358	445,375	434,766	407,696	394,004	382,067	371,890	359,217	345,780	334,993	325,306	314,556	303,011	293,837	285,937	277,174	265,621	255,623	245,907	238,151	227,020	216,689	206,577	197,358	187,785	177,439	168,502	159,660	150,326	141,363	133,637	126,480	119,087	111,886	106,466	100,277	95,161	89,992	84,110	77,968	71,100	63,202	55,387	45,767	34,673	23,513	15,701	6,495	3,522	4,928	3,834	0	0	0	1,812	0	0	0
Retained Earnings Total Equity	0	0	0	716,795	703,030	696,792	680,323	664,532	649,298	639,862	622,113	604,441	588,731	578,554	563,322	552,303	544,840	528,103	511,095	499,126	486,442	470,386	456,358	445,375	434,766	407,696	394,004	382,067	371,890	359,217	345,780	334,993	325,306	314,556	303,011	293,837	285,937	277,174	265,621	255,623	245,907	238,151	227,020	216,689	206,577	197,358	187,785	177,439	168,502	159,660	150,326	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	26,000	23,250	20,500	26,000	23,250	20,500	15,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	10,000	0	0	0	30,324	0	0	243,645	231,490	206,250	230,080	278,000	275,843	259,389	0	0	0	311,532	0	0	0	350,052	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	642,672	744,603	822,579	821,342	776,387	927,186	662,312	680,163	648,311	402,682	463,555	459,883	452,178	529,835	605,877	679,302	317,194	400,799	434,722	375,318	200,424	232,504	243,645	231,490	206,250	230,080	278,000	275,843	259,389	281,194	317,904	337,930	311,532	332,155	360,000	377,299	350,052	115,216	132,808	127,208	40,000	64,064	75,000	86,711	105,000	115,000	143,530	152,146	145,000	50,000	63,414	80,000	85,000	100,000	120,000	135,000	145,000	210,000	221,673	226,008	80,000	89,692	92,896	92,903	47,079	0	5,000	18,927	0	25,667	64,932	66,344	60,972	0	0	0	21,079	0	0	0
Short Term Debt	48,931	44,921	40,464	44,524	44,936	45,238	41,267	40,530	44,901	45,418	45,128	38,881	33,350	43,581	43,028	43,333	32,500	30,935	29,238	30,324	124,481	0	73,358	74,041	104,084	343	278,000	275,843	84,351	0	305	6,259	91,180	5,488	2,144	0	101,459	0	0	0	80,864	0	0	0	74,101	0	0	0	0	0	0	2,615	0	0	0	0	0	0	0	1,642	0	0	64,600	61,702	0	86,872	0	71,087	54,929	12,100	12,400	12,400	6,767	0	0	0	4,235	0	0	0
Short Term Investments	0	0	6,594	4,843	0	4,373	2,185	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,191	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	309	2,180	2,180	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	2,149,759	2,055,120	2,115,422	2,072,430	2,092,258	2,157,760	1,850,802	1,857,723	1,849,534	1,605,613	1,632,789	1,630,759	1,667,290	1,607,471	1,615,524	1,684,023	1,397,217	1,420,416	1,413,770	1,354,621	1,213,862	1,176,044	1,134,551	1,127,021	1,110,255	1,087,647	1,098,046	1,083,913	1,085,571	1,092,066	1,109,345	1,102,165	1,083,159	1,102,056	1,119,109	1,115,934	1,110,340	793,481	807,907	802,187	700,914	712,279	693,988	692,498	709,721	699,606	720,822	719,349	694,615	578,195	578,828	576,306	572,819	567,735	568,363	573,909	582,227	561,815	561,430	572,969	401,017	409,822	404,116	411,468	393,025	303,241	284,233	271,918	215,827	216,754	171,232	155,953	151,124	0	0	0	94,057	0	0	0
Total Current Assets	447,157	477,408	478,240	454,856	466,718	532,149	452,952	453,511	449,163	448,537	463,363	451,384	475,675	410,579	419,041	478,858	434,717	456,955	454,173	399,736	392,106	370,050	339,742	337,002	331,438	309,045	316,274	301,658	299,131	299,068	312,630	300,976	277,613	288,469	299,666	295,822	288,429	273,083	285,275	273,289	226,344	235,400	227,546	223,257	238,502	226,042	246,441	240,663	230,589	205,106	203,806	198,240	193,860	185,144	182,555	183,566	188,651	193,362	190,551	201,970	166,717	170,613	165,801	173,335	202,682	167,548	152,193	162,960	118,698	120,180	75,582	62,532	57,261	0	0	0	32,778	0	0	0
Total Current Liabilities	418,226	369,177	369,156	351,775	415,992	371,990	341,875	344,211	376,631	382,177	366,926	383,328	427,027	305,747	269,297	289,883	337,982	302,082	273,963	281,170	278,059	224,224	188,835	207,204	224,370	196,273	173,180	177,421	196,720	197,410	194,561	173,199	193,857	196,110	189,731	177,018	203,243	153,817	158,493	154,301	150,220	139,945	134,927	134,787	146,831	140,078	137,514	135,068	134,332	124,307	121,534	115,211	116,172	105,981	92,729	93,667	100,287	104,069	101,144	115,564	102,792	110,114	106,757	123,682	165,212	140,767	133,419	122,933	96,347	99,824	57,394	43,158	39,120	0	0	0	27,276	0	0	0
Total Liab	1,232,174	1,161,790	1,242,577	1,225,741	1,239,047	1,320,021	1,031,385	1,054,421	1,046,064	815,061	861,278	879,526	920,329	880,560	910,421	993,267	682,666	734,914	747,133	692,050	553,445	525,371	499,180	504,520	494,225	502,861	524,916	521,660	519,567	541,617	573,037	573,937	559,883	584,678	605,264	608,947	609,651	304,809	326,066	315,006	226,823	245,153	242,852	253,292	280,971	283,083	311,846	316,282	301,587	194,614	206,070	214,221	220,086	223,346	234,177	249,135	264,667	333,968	341,523	361,730	198,100	215,288	218,157	236,133	228,234	149,789	144,212	147,304	101,880	120,865	117,370	101,793	98,221	0	0	0	46,196	0	0	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	917,585	893,330	872,845	846,689	853,211	837,739	819,417	803,302	803,470	790,552	771,511	751,233	746,961	726,911	705,103	690,756	714,551	685,502	666,637	662,571	660,417	650,673	635,371	622,501	616,030	584,786	573,130	562,253	566,004	550,449	536,308	528,228	523,276	517,378	513,845	506,987	500,689	488,672	481,841	487,181	474,091	467,126	451,136	439,206	428,750	416,523	408,976	403,067	393,028	383,581	372,758	362,085	352,733	344,389	334,186	324,774	317,560	227,847	219,907	211,239	202,917	194,534	185,959	175,335	164,791	153,452	140,021	124,614	113,947	95,889	53,862	54,160	52,903	0	0	0	47,861	0	0	0
Treasury Stock	0	0	0	-266,481	-243,666	-241,896	-241,566	-241,516	-219,800	-216,683	-216,353	-214,325	-196,745	-189,234	-189,011	-188,961	-164,963	-164,848	-164,705	-155,073	-139,704	-134,191	-130,446	-130,578	-121,540	-121,716	-114,122	-107,645	-88,695	-88,019	-85,410	-81,216	-74,673	-67,529	-60,865	-53,615	-49,994	-50,378	-45,562	-25,349	-21,545	-16,488	-16,428	-15,547	-13,868	-14,267	-9,564	-3,083	-2,266	-2,595	-2,322	-2,070	-1,291	-628	-584	-450	0	-1,395	-25	-143	-1,474	-1,438	-1,003	-760	-746	-843	-428	-428	-428	-428	-520	0	-918	0	0	0	-1,383	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31
Begin Period Cash Flow	12,968	20,433	81,987	6,482	12,986	24,266	7,885	7,747	12,122	8,953	14,725	4,097	3,301	2,353	1,536	2,733	2,997	499	797	1,643
Capital Expenditures	22,337	24,475	19,932	17,683	26,901	21,812	14,513	13,791	12,682	12,974	14,161	13,561	10,234	7,677	8,505	10,270	3,806	1,875	1,370	1,155
Cash And Cash Equivalents Changes	0	-6,267	-61,043	72,152	-6,670	-10,488	15,287	-1,705	-4,375	3,169	-5,772	10,628	796	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-57,189	-36,760	32,910	-22,533	-10,296	-365	314	-54	-1,356	-3,469	-969	3,163	0	0	0	0	0	0	0
Change In Cash	-3,519	-7,465	-61,554	75,505	-6,504	-11,280	16,381	-1,705	-4,375	3,169	-5,772	10,628	796	948	817	-1,197	-264	2,498	-298	-846
Change In Working Capital	9,938	16,516	-35,170	62,517	-22,894	-34,749	19,105	-15,766	-12,468	303	6,483	-1,733	156	13,791	-3,977	-18,406	-3,314	-1,411	-5,539	-2,005
Change Receivables	0	19,732	-19,021	54,384	-31,300	-60,096	-7,234	-29,020	-2,713	-2,464	829	12,457	-18,147	0	0	0	0	0	0	0
Change To Account Receivables	30,216	19,732	-19,021	54,384	-31,300	-60,096	-7,234	-29,020	-2,713	-2,464	829	12,457	-18,147	0	15,948	57,022	0	0	0	4,350
Change To Inventory	0	0	-14,414	47,871	-7,091	13,249	20,064	7,961	-18,220	1,508	731	-2,898	2,245	0	0	0	0	0	0	0
Change To Liabilities	0	53,656	20,309	-25,065	30,665	35,383	3,631	8,941	-9,701	4,123	9,123	-13,221	17,375	16,905	0	0	65,876	43,311	0	0
Change To Netincome	0	30,542	41,958	21,499	16,981	20,563	5,958	19,094	16,012	15,021	14,028	26,459	1,958	0	0	0	0	3,259	0	158
Change To Operating Activities	0	9,941	-19,895	47,871	-7,091	13,249	20,064	7,961	-18,220	1,895	0	0	0	0	0	0	0	0	0	0
Depreciation	60,738	49,917	31,970	33,748	28,182	27,206	28,579	29,119	33,406	23,806	20,715	24,440	20,307	23,101	20,553	14,090	6,316	3,536	5,541	3,155
Dividends Paid	-10,537	10,547	10,565	10,551	10,540	7,915	7,915	7,915	7,915	0	0	172,348	213,843	966	322,807	0	0	0	0	0
End Period Cash Flow	9,449	12,968	20,433	81,987	6,482	12,986	24,266	6,042	7,747	12,122	8,953	14,725	4,097	3,301	2,353	1,536	2,733	2,997	499	797
Exchange Rate Changes	0	0	0	0	0	0	0	-403	-1,746	-1,004	251	-436	-281	0	0	0	0	0	0	0
Free Cash Flow	130,046	137,731	90,273	155,462	64,539	52,858	102,678	65,772	63,637	66,186	66,871	73,680	49,287	60,501	40,049	17,779	41,657	15,654	866	2,114
Investments	-8,830	-258,844	-194,481	-270,948	-30,470	-56,387	-14,604	-13,891	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	132,904	107,773	148,243	-34,979	-5,847	-53,138	-52,144	-38,537	310,052	-65,000	-41,955	59,992	0	0	0	0	0	0	0
Net Income	82,612	64,243	71,132	54,959	68,938	61,400	62,876	46,584	39,369	40,030	39,330	38,075	34,865	27,171	22,356	28,723	40,556	11,867	2,022	2,637
Other Cashflows From Financing Activities	-412	1,568,261	-56,783	59,858	-1,621	-3,747	588,527	477,577	380,678	737,161	143,531	343,545	427,678	46,163	727,842	32,796	50,412	-13,758	35,975	-3,496
Other Cashflows From Investing Activities	0	-234,369	-174,549	-253,265	-3,569	-34,575	-91	-100	-1,818	-347,871	-4,763	-9,974	-108,037	0	0	0	0	0	0	659
Other Non Cash Items	1,868	10,931	20,227	6,231	1,519	4,207	3,730	4,009	3,056	-58	3,179	4,052	2,158	1,806	227	6,895	3,652	5,074	2,138	-31
Sale Purchase Of Stock	-19,083	-21,218	-20,040	-29,726	-23,414	-17,125	-32,464	-13,823	-24,861	-28,323	-7,447	-11,602	-975	-1,291	-4,179	-2,329	0	0	0	-324
Stock Based Compensation	14,861	13,171	13,230	17,555	15,818	11,506	10,291	9,082	10,850	11,008	8,891	8,770	6,658	7,533	7,192	127	68	21	-10	-207
Total Cash From Financing Activities	-152,588	90,371	23,233	169,955	-67,640	-28,771	-87,300	-66,974	-64,448	285,858	-68,131	-52,642	59,799	-59,366	149,505	33,079	54,337	-13,277	36,287	-3,820
Total Cash From Operating Activities	152,383	162,206	110,205	173,145	91,440	74,670	117,191	79,563	76,319	79,160	81,032	87,241	59,521	68,178	48,554	28,049	45,463	17,529	2,236	3,269
Total Cashflows From Investing Activities	0	-258,844	-194,481	-270,948	-30,470	-56,387	-14,604	-13,891	-14,500	-358,506	-18,924	-23,535	-118,243	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31
Begin Period Cash Flow	7,854	11,470	8,936	12,968	10,476	8,464	9,073	20,433	42,302	35,910	50,823	81,987	8,237	9,064	58,661	6,482	7,452	6,304	5,689	12,986	7,090	7,601	20,565	24,266	7,736	9,493	8,207	6,042	9,647	10,848	9,359	7,747	5,722	7,449	7,025	12,122	7,509	8,026	20,204	8,953	6,006	5,486	4,465	14,725	6,062	5,257	5,713	4,097	2,010	2,677	6,288	3,301	6,498	5,338	6,766	2,353	9,250	4,373	2,049	1,536	2,699	2,018	2,567	2,733	2,074	1,677	1,274	2,997	1,595	1,144	1,296	499	0	0	0	0	0	0	0	0
Capital Expenditures	4,461	4,737	6,698	6,441	7,152	6,297	4,572	6,454	7,653	4,804	3,880	3,595	4,773	3,895	4,311	4,704	6,215	6,170	6,977	7,539	6,219	6,196	6,161	3,236	6,038	2,392	3,512	2,571	3,137	2,798	3,672	4,184	488	5,046	3,839	3,309	2,392	2,479	2,445	5,658	4,079	2,885	3,576	3,621	3,157	2,302	2,476	5,626	3,317	2,655	2,538	1,724	2,665	1,734	1,738	1,540	2,455	3,236	1,994	820	768	5,599	2,667	1,236	860	1,168	664	1,114	839	622	1,953	139	1,370	0	0	0	1,155	0	0	0
Cash And Cash Equivalents Changes	0	0	0	-4,043	0	0	0	-10,835	-21,859	7,592	-14,867	-31,909	70,274	-1,184	-49,855	52,917	-1,410	1,529	813	-7,602	6,435	-507	-12,595	-3,821	16,076	-5,119	0	2,165	-3,605	-1,201	1,489	1,612	2,025	-1,727	424	-5,097	4,613	-517	-12,178	11,251	2,947	520	1,021	-10,260	8,663	805	-456	1,616	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	-4,960	0	0	0	-71,099	25,506	-8,277	-2,714	-51,275	36,820	22,374	2,532	-28,816	23,744	-11,547	-4,068	-30,662	36,793	-2,909	-14,056	-30,124	1,119	1,650	0	-1,567	5,189	5,775	-4,826	-5,824	1,976	-2,716	2,507	-1,821	5,022	2,387	-7,534	-1,231	1,895	-612	-4,650	-102	410	826	-4,401	2,196	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	1,595	-3,616	2,534	-4,032	2,492	2,012	-609	-11,360	-21,869	6,392	-14,913	-31,164	73,750	-827	-49,597	52,179	-970	1,148	615	-7,297	5,896	-511	-12,964	-3,701	16,530	-1,757	1,286	2,165	-3,605	-1,201	1,489	1,612	2,025	-1,727	424	-5,097	4,613	-517	-12,178	11,251	2,947	520	1,021	-10,260	8,663	805	-456	1,616	2,087	-667	-3,611	2,987	-3,197	1,160	-1,428	4,413	-6,897	4,877	2,324	513	-1,163	681	-549	-166	659	397	403	-1,723	1,402	451	-152	797	0	0	0	0	0	0	0	0
Change In Working Capital	76,596	-15,351	4,352	-55,659	116,738	-37,786	-19,038	-43,398	5,626	22,460	-31,437	-31,819	51,606	53,136	86	-42,311	55,778	26,211	-63,048	-41,835	31,107	1,489	-37,179	-30,166	23,264	26,421	-11,293	-19,287	-5,125	15,285	8,282	-34,208	5,385	15,542	7,694	-41,089	35,102	9,398	-14,591	-29,606	16,047	-1,546	-3,694	-4,324	-9,520	20,245	-3,140	-9,318	-1,382	3,128	-559	-1,031	812	7,975	832	4,172	-1,953	1,553	-4,396	819	-1,420	-4,184	-9,766	-3,036	-3,258	-5,347	21,877	-16,586	-33,181	31,572	6,337	-6,139	0	0	0	0	0	0	0	0
Change Receivables	0	0	0	10,929	0	0	0	31,473	-12,333	22,382	-31,601	2,531	4,956	-5,301	14,241	40,488	8,411	6,501	-54,448	8,236	-36,046	-18,079	-9,290	3,319	-3,358	-10,064	0	3,094	-10,734	8,872	-7,698	-19,460	11,000	10,243	-3,199	-20,757	22,829	3,832	-4,879	-24,246	11,028	-7,848	401	-2,752	-588	14,007	3,429	-4,391	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	18,129	3,231	-2,073	10,929	51,502	-49,290	-13,953	31,473	-12,333	22,382	-31,601	2,531	4,956	-5,301	14,241	40,488	8,411	6,501	-54,448	8,236	-36,046	-18,079	-9,290	3,319	-3,358	327	-7,297	3,094	-10,734	8,872	-7,698	-19,460	11,000	10,243	-3,199	-20,757	22,829	3,832	-4,879	-24,246	11,028	-7,848	401	-2,752	-588	14,007	3,429	-4,391	-9,610	-2,759	-3,640	-2,138	4,864	-4,864	9,579	7,265	15,948	18,453	17,833	3,026	57,022	51,932	53,928	46,733	0	0	0	-41,648	0	0	0	0	0	0	0	0	4,350	0	0	0
Change To Inventory	0	-11,767	20,015	0	0	0	0	0	5,476	-2,928	1,208	-18,170	19,806	36,518	4,801	-13,254	-6,109	25,879	-16,260	-10,601	11,480	24,887	-10,108	-13,010	14,285	14,701	-6,202	-2,720	-9,478	11,931	10,636	-5,128	-6,311	2,403	8,445	-22,757	7,517	712	2,982	-9,703	3,266	3,284	2,236	-8,055	-4,948	4,702	-4,619	-3,615	1,967	4,464	-888	-212	-14,215	9,424	0	5,927	0	0	0	-6,037	0	0	0	-12,533	0	0	0	14,245	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	3,341	-61,628	6,609	29,195	4,014	-4,020	-7,624	1,986	4,021	16,850	9,756	35,990	-16,757	-54,054	23,553	31,187	-4,599	-19,476	30,293	22,411	-13,896	-3,425	25,631	44,180	6,178	-20,814	4,020	638	20,806	-8,924	-7,591	8,015	8,386	-18,511	7,251	3,179	-2,178	-4,129	3,124	6,914	555	-1,470	-9,342	5,412	-2,693	-6,598	15,521	7,827	4,765	0	16,905	10,010	0	0	0	0	0	0	0	0	0	0	65,876	46,277	43,918	26,503	43,311	40,832	3,923	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	-4,392	6,571	13,850	4,587	3,615	8,421	19,402	7,738	4,604	10,064	4,950	4,628	3,661	8,260	3,215	1,447	5,447	6,872	6,619	7,258	1,432	5,254	-11,152	-1,493	2,845	8,562	3,098	6,118	3,017	3,793	8,801	2,246	3,281	1,684	7,875	925	3,395	2,826	5,132	1,594	5,094	2,208	14,278	2,250	4,418	5,513	466	0	0	0	0	0	0	0	0	0	0	5,172	0	36	1,217	7,750	0	0	0	1,563	3,259	1,551	377	0	0	0	0	0	158	0	0	0
Change To Operating Activities	0	0	21,893	21,893	27,501	-16,589	7,017	-7,988	-5	-2,928	1,208	-18,170	19,806	36,518	4,801	-13,254	-6,109	25,879	-16,260	-10,601	11,480	24,887	-10,108	-13,010	20,064	14,104	-6,208	-1,567	7,961	5,778	-4,826	0	-18,220	0	0	0	1,895	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	14,532	14,561	16,113	15,533	15,778	13,958	10,027	10,154	8,258	7,680	7,747	8,285	8,519	8,654	8,543	8,032	6,647	6,966	7,672	6,897	7,453	6,726	6,315	6,712	6,924	7,354	7,048	7,253	7,499	7,241	7,232	7,147	8,482	8,579	8,182	8,163	7,884	5,500	5,387	5,035	5,152	5,230	5,141	5,192	6,409	6,366	6,319	5,346	5,119	4,913	5,099	5,176	5,829	5,798	5,725	5,749	5,879	5,709	5,659	3,306	3,757	3,947	3,603	2,783	2,096	1,879	1,174	1,167	921	949	894	772	0	0	0	0	0	0	0	0
Dividends Paid	-2,634	2,632	2,630	2,641	2,635	2,632	2,636	2,644	2,642	2,639	2,642	2,642	2,641	2,635	2,636	2,639	2,634	2,628	2,642	2,636	2,646	2,634	2,635	2,635	7,915	0	0	0	7,915	0	0	0	7,915	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	9,449	7,854	11,470	8,936	12,968	10,476	8,464	9,073	20,433	42,302	35,910	50,823	81,987	8,237	9,064	58,661	6,482	7,452	6,304	5,689	12,986	7,090	7,601	20,565	24,266	7,736	9,493	8,207	6,042	9,647	10,848	9,359	7,747	5,722	7,449	7,025	12,122	7,509	8,026	20,204	8,953	6,006	5,486	4,465	14,725	6,062	5,257	5,713	4,097	2,010	2,677	6,288	3,301	6,498	5,338	6,766	2,353	9,250	4,373	2,049	1,536	2,699	2,018	2,567	2,733	2,074	1,677	1,274	2,997	1,595	1,144	1,296	499	0	0	0	0	0	0	0
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	41	189	-997	-44	449	-260	110	-116	-1,480	-430	-508	281	-347	248	445	-197	-245	99	84	-230	-389	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	102,370	20,936	30,012	-23,272	148,458	-6,110	8,892	-13,509	37,789	53,618	-2,500	1,366	73,201	80,475	21,722	-19,936	78,861	48,140	-42,235	-20,227	58,098	25,882	-22,039	-9,083	40,869	50,650	7,025	4,134	18,608	39,283	25,646	-17,765	32,930	32,866	24,492	-26,651	57,232	24,897	1,744	-17,687	30,127	13,643	13,415	9,686	17,229	36,132	14,942	5,377	9,398	14,769	13,018	12,102	11,907	20,705	13,566	14,323	10,040	15,326	6,007	8,676	11,140	3,427	-1,642	4,854	9,045	4,236	36,479	-8,103	-20,804	39,372	1,443	-4,357	866	0	0	0	2,114	0	0	0
Investments	-284	42,414	-38,903	-6,900	-5,441	-245,288	-1,661	-6,454	-182,202	-4,804	-3,880	-3,595	-4,948	-3,895	-4,380	-257,725	-6,215	-7,920	-6,977	-9,358	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	5,602	43,838	-145,636	252,177	-6,758	38,028	141,718	-52,102	7,076	11,081	-59,220	-78,801	-66,210	352,474	-79,555	-43,544	56,226	31,894	-32,080	-11,141	12,154	25,220	-23,850	-63,808	2,157	16,454	-21,806	-36,710	-20,026	26,398	-20,640	-27,828	-17,316	27,247	234,445	-17,693	4,847	87,208	-24,064	-10,936	-11,711	-18,289	-9,998	-28,591	-8,831	5,465	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	22,162	23,740	20,312	16,398	8,879	19,105	18,397	17,862	12,079	20,390	20,312	18,351	12,820	17,871	13,656	10,612	19,379	19,630	14,611	15,318	18,695	16,671	13,617	12,417	27,070	13,692	11,937	10,177	12,673	13,437	10,787	9,687	10,750	11,545	9,174	7,900	8,763	11,553	9,998	9,716	7,756	11,131	10,331	10,112	9,219	9,573	10,346	8,937	8,842	9,334	8,963	7,726	7,157	7,393	7,201	5,420	6,189	5,116	5,169	5,882	6,142	6,868	7,898	7,815	9,620	11,094	11,160	8,682	9,206	2,973	-1,406	1,094	2,022	1,249	718	1,087	590	847	959	621
Other Cashflows From Financing Activities	218	-1,608	-807	339,374	225,331	487,469	535,995	319,248	-22,905	9,045	-8,535	-27,312	65,587	-9	-3,639	-2,081	142,322	168,519	54,605	31,894	-483	-112	143,314	139,205	127,915	112,971	219,821	127,820	117,556	101,668	135,880	122,473	78,695	88,494	89,253	124,236	363,893	98,421	102,719	172,128	50,043	34,685	38,809	19,994	21,955	28,280	86,936	34,059	108,417	22,514	49,436	32,570	21,769	9,304	9,673	3,901	141,244	20,469	65,212	174,019	-13,230	-2,591	1,028	45,260	47,199	-4,582	-10,606	18,401	21,809	-38,741	-1,887	5,061	0	0	0	0	0	0	0	0
Other Cashflows From Investing Activities	0	0	0	-459	0	2,911	2,911	2,911	-174,549	0	0	0	-175	0	-69	-253,021	-3,569	-1,750	-1,819	-1,819	-11,728	-11,009	-3	-11,835	1	90	0	-91	-100	0	0	0	0	0	0	-1,818	-288,334	-1,819	-2	-57,716	0	-4,763	0	0	775	-2,217	24	-8,556	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	659	0	0	0
Other Non Cash Items	2,915	-2,013	5	960	9,662	112	898	259	11,251	2,726	1,219	5,031	6,649	-187	-84	-147	348	-531	2,065	-363	4,400	-66	-63	-64	2,379	-312	-4,281	5,944	-5,934	3,486	616	1,152	4,043	-519	460	-1,196	1,382	-1,102	493	-1,103	923	709	752	795	1,205	454	1,801	592	362	603	417	776	-5,299	2,726	2,554	29	-5,439	1,905	2,061	1	2,068	1,457	1,700	102	1,484	789	771	-11	506	4,296	-2,429	55	0	0	0	0	0	0	0	0
Sale Purchase Of Stock	1,518	-13	2,227	-22,815	-113	-327	1,490	-22,268	-1,345	-330	-1,261	-17,104	-6,479	-223	974	-23,998	887	-143	-8,940	-15,218	-4,726	-3,802	512	-9,109	470	-7,681	-6,239	-19,014	-415	-2,713	-4,031	-6,664	-7,122	-6,979	-7,094	-3,666	512	-4,881	-20,135	-3,819	-4,982	-81	-735	-1,649	359	-4,648	-6,523	-790	0	0	0	-696	-696	0	0	0	79	0	0	-79	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	4,727	3,446	2,938	3,750	3,148	3,516	2,944	3,563	3,474	3,593	2,888	3,275	8,083	3,128	2,518	3,826	4,136	3,817	3,714	4,151	2,824	3,335	2,959	2,388	2,133	2,797	2,743	2,618	1,408	2,632	2,401	2,641	2,384	2,765	2,821	2,880	2,150	2,027	2,902	3,929	2,326	2,282	2,282	2,001	2,351	2,492	2,155	1,772	1,872	1,814	1,777	1,195	7,607	17	-10	1,715	7,185	-24	16	1,714	5	-19	39	1,670	63	3	2	619	-116	10	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-105,524	-71,311	4,559	19,688	-148,654	248,099	-11,748	2,674	114,901	-46,026	-12,367	-33,275	-2,752	-81,659	-71,508	325,874	-80,271	-44,861	43,048	14,444	-39,935	-15,380	9,447	17,097	-24,794	-54,530	-6,057	-1,919	-22,302	-39,487	-24,113	18,928	-30,645	-34,703	-23,952	24,852	236,145	-23,087	-14,201	87,001	-27,428	-8,805	-12,197	-19,701	-9,440	-33,194	-15,192	5,184	94,748	-13,528	-16,697	-4,724	-15,150	-19,718	-14,670	-9,828	14,918	-10,600	-1,758	146,945	-11,818	-2,323	1,505	45,715	47,273	-3,699	-8,960	19,723	22,142	-38,893	-1,687	5,161	36,287	0	0	0	0	0	0	0
Total Cash From Operating Activities	106,831	25,673	36,710	-16,831	155,610	187	13,464	-7,055	45,442	58,422	1,380	4,961	77,974	84,370	26,033	-15,232	85,076	54,310	-35,258	-12,688	64,317	32,078	-15,878	-5,847	46,907	53,042	10,537	6,705	21,745	42,081	29,318	-13,581	33,418	37,912	28,331	-23,342	59,624	27,376	4,189	-12,029	34,206	16,528	16,991	13,307	20,386	38,434	17,418	11,003	12,715	17,424	15,556	13,826	14,572	22,439	15,304	15,863	12,495	18,562	8,001	9,496	11,908	9,026	1,025	6,090	9,905	5,404	37,143	-6,989	-21,643	39,994	3,396	-4,218	2,236	0	0	0	3,269	0	0	0
Total Cashflows From Investing Activities	0	0	-38,903	-6,900	-5,441	-245,288	-1,661	-6,454	-182,202	-4,804	-3,880	-3,595	-4,948	-3,895	-4,380	-257,725	-6,215	-7,920	-6,977	-9,358	-17,947	-17,205	-6,164	-15,071	-6,037	-3,243	-6,174	-2,662	-3,237	-2,798	-3,672	-4,184	-488	-5,046	-3,839	-5,127	-290,726	-4,298	-2,447	-63,374	-4,079	-7,648	-3,576	-3,621	-2,382	-4,519	-2,452	-14,182	-118,243	-13,137	-8,785	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31
Cost Of Revenue	1,325,756	1,134,422	979,570	972,406	953,187	857,508	771,725	745,137	694,436	654,946	591,516	583,195	520,522	476,187	411,334	460,002	532,153	217,747	106,078	83,638	-	87,345	62,258
Depreciation And Amortization	60,738	48,416	31,376	33,204	27,681	27,206	28,579	29,119	33,406	23,806	20,715	24,440	20,307	23,101	20,553	14,090	6,316	3,536	5,541	3,155	-	3,664	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Ebit	140,920	108,762	110,936	89,109	101,393	91,537	82,539	83,977	73,672	68,404	64,673	65,295	58,884	46,913	39,084	52,393	70,004	22,294	4,252	6,631	145,803	5,268	3,211
Ebitda	201,658	157,178	142,312	122,313	129,074	118,743	111,118	113,096	107,078	92,210	85,388	89,735	79,191	70,014	59,637	66,483	76,320	25,830	9,793	9,786	145,803	8,932	3,211
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Extraordinary Items	0	0	0	0	0	0	17,600	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Gross Profit	637,482	645,542	573,478	534,469	525,338	480,465	457,437	439,960	437,796	395,188	357,787	353,938	320,253	288,547	263,065	237,424	194,967	113,532	71,140	55,850	145,803	56,151	49,475
Income Before Tax	96,547	83,980	100,090	74,673	90,173	82,827	73,986	74,507	63,600	64,150	62,226	61,911	56,760	43,682	34,982	49,473	69,098	20,077	3,887	5,299	-	2,391	-477
Income Tax Expense	13,935	19,737	28,958	19,714	21,235	21,427	11,110	27,923	24,231	24,120	22,896	23,836	21,895	16,511	12,626	20,750	28,542	8,210	1,865	2,466	-2,372	1,099	-716
Interest Expense	32,699	23,281	10,252	13,892	10,719	8,710	8,553	9,470	10,072	4,254	2,447	3,384	2,248	3,403	5,107	4,082	1,944	3,509	2,981	1,266	0	3,003	0
Interest Income	0	0	0	0	10,719	8,710	8,553	9,470	10,072	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Income	82,612	64,243	71,132	54,959	68,938	61,400	62,876	46,584	39,369	40,030	39,330	38,075	34,865	27,171	22,356	28,723	40,556	11,867	2,022	3,017	2,372	789	-848
Net Income Applicable To Common Shares	0	64,243	71,132	54,959	68,938	61,400	62,876	46,584	39,369	40,030	39,330	38,075	34,865	27,171	22,356	28,723	40,556	11,867	2,022	2,833	-	-	-
Net Income From Continuing Ops	69,329	64,243	71,132	54,959	68,938	61,400	62,876	46,584	39,369	40,030	39,330	38,075	34,865	0	0	0	0	0	0	0	-	-	-
Net Interest Income	-39,331	-23,281	-10,252	-13,892	-10,719	-8,710	-8,553	-9,470	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Non Operating Income Net Other	0	-1,501	-594	-544	-501	-735	121	1,184	-1,559	-958	-12	-325	124	0	0	0	0	0	0	0	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Operating Income	140,920	108,762	110,936	89,109	101,393	92,272	82,418	82,793	75,231	69,362	64,685	65,620	58,884	46,913	39,084	52,974	70,523	22,940	5,560	6,598	145,803	5,331	3,211
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Operating Expenses	1,822,318	1,671,202	1,442,112	1,417,766	1,377,132	1,245,701	1,146,744	1,102,304	1,057,001	980,772	884,618	871,513	781,891	717,821	635,315	644,452	656,597	308,339	171,658	132,890	-	138,165	108,522
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Reconciled Depreciation	61,985	49,917	31,970	33,748	28,182	27,206	28,579	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Selling And Marketing Expenses	505,162	486,863	430,572	411,612	395,763	360,987	346,440	328,048	329,159	302,020	272,387	263,878	241,062	218,533	203,428	170,360	118,128	87,056	0	0	-	-	-
Selling General Administrative	-8,600	486,863	430,572	411,612	395,763	360,987	346,440	328,048	329,159	301,605	272,387	263,878	241,062	218,533	203,428	170,360	118,128	87,056	60,039	46,097	-	-	-
Tax Provision	9,350	19,737	28,958	19,714	21,235	21,427	11,110	27,923	24,231	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Total Operating Expenses	496,562	536,780	462,542	445,360	423,945	388,193	375,019	357,167	362,565	325,826	293,102	288,318	261,369	241,634	223,981	184,450	124,444	90,592	65,580	49,252	-	50,820	46,264
Total Other Income Expense Net	-44,373	-24,782	-10,846	-14,436	-11,220	-735	121	1,184	-1,559	-958	-12	-325	124	172	1,005	581	519	646	1,308	-33	-	63	-3,688
Total Revenue	1,963,238	1,779,964	1,553,048	1,506,875	1,478,525	1,337,973	1,229,162	1,185,097	1,132,232	1,050,134	949,303	937,133	840,775	764,734	674,399	697,426	727,120	331,279	177,218	139,488	145,803	143,496	111,733

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31
Cost Of Revenue	318,077	323,504	325,404	312,565	300,064	307,295	268,905	258,158	246,667	254,175	246,646	232,082	295,095	223,288	223,407	230,616	264,027	238,158	235,053	215,949	249,057	213,060	206,565	188,826	207,230	189,992	190,896	183,607	182,440	191,310	194,188	177,199	173,752	177,864	178,251	164,569	168,485	166,064	166,667	153,730	143,146	154,024	151,528	142,818	146,879	148,267	147,861	140,188	131,436	137,343	133,522	118,221	119,437	124,060	125,131	107,559	106,576	101,610	103,911	99,237	104,864	115,421	119,310	120,407	133,893	147,468	142,640	108,152	78,072	73,213	34,836	31,626	31,198	25,465	25,446	23,969	19,837	21,648	21,727	20,426
Depreciation And Amortization	14,532	14,561	16,113	14,975	13,839	14,845	10,124	9,786	8,258	7,680	7,747	8,285	8,519	8,654	8,543	8,032	6,647	6,966	7,672	6,897	7,452	6,726	6,315	6,712	6,924	7,354	7,048	7,253	7,499	7,241	7,232	7,147	8,482	8,579	8,182	8,163	7,884	5,500	5,387	5,035	5,152	5,230	5,141	5,192	6,409	6,366	6,319	5,346	5,119	4,913	5,099	5,176	5,829	5,798	5,725	5,749	5,879	5,709	5,659	3,306	3,757	3,947	3,603	2,783	2,096	1,879	1,174	1,167	921	949	894	772	0	0	0	0	0	0	0	0
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	40,087	34,637	31,370	31,451	23,049	28,234	29,776	27,703	18,376	32,346	31,908	27,712	20,898	28,027	23,131	16,509	28,164	28,523	22,728	21,477	29,273	23,871	20,707	17,687	20,278	23,086	22,434	16,742	22,199	24,508	19,301	17,969	18,952	21,445	17,544	15,731	16,643	18,193	16,953	16,615	12,366	17,294	17,286	17,727	14,480	16,875	18,065	16,236	13,867	16,094	15,504	13,419	11,647	12,505	12,661	10,100	9,595	9,322	10,137	10,030	10,730	12,595	14,297	14,771	17,384	19,773	18,465	14,382	14,640	6,050	-1,563	3,167	0	0	0	0	0	0	0	0
Ebitda	54,619	49,198	47,483	46,426	36,888	43,079	39,900	37,489	26,634	40,026	39,655	35,997	29,417	36,681	31,674	24,541	34,811	35,489	30,400	28,374	36,725	30,597	27,022	24,399	27,202	30,440	29,482	23,995	29,698	31,749	26,533	25,116	27,434	30,024	25,726	23,894	24,527	23,693	22,340	21,650	17,518	22,524	22,427	22,919	20,889	23,241	24,384	21,582	18,986	21,007	20,603	18,595	17,476	18,303	18,386	15,849	15,474	15,031	15,796	13,336	14,487	16,542	17,900	17,554	19,480	21,652	19,639	15,549	15,561	6,999	-669	3,939	-124,692	46,967	41,643	41,212	-98,018	34,872	34,872	34,872
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	160,275	178,015	174,681	170,717	175,545	160,482	154,205	155,310	141,318	139,885	145,879	146,396	139,240	137,027	130,580	127,622	132,609	135,760	131,664	125,305	128,853	119,908	117,750	113,954	113,944	115,309	115,496	112,688	107,119	115,210	111,231	106,400	107,053	111,087	110,698	108,958	107,941	98,732	97,193	91,322	86,613	90,031	90,040	91,103	85,100	89,597	91,788	87,453	82,511	81,348	79,873	76,521	73,501	73,651	74,516	66,879	67,485	65,461	71,494	58,625	57,069	60,860	64,754	54,741	52,530	51,345	47,531	43,561	35,813	34,588	21,309	21,822	46,966	46,967	41,643	41,212	34,872	34,872	34,872	34,872
Income Before Tax	29,793	24,080	21,238	21,436	11,924	21,647	25,771	24,637	15,969	29,796	29,296	25,029	17,927	24,539	19,223	12,984	25,656	25,699	19,794	19,024	26,636	21,631	18,540	16,020	18,388	20,910	19,897	14,791	20,041	22,101	16,841	15,524	16,607	18,771	15,055	13,167	14,677	17,393	16,179	15,901	11,789	16,818	16,660	16,959	13,818	15,955	17,242	14,896	13,386	15,555	14,942	12,877	10,875	11,828	11,823	9,156	8,775	7,916	8,831	9,461	10,812	11,944	13,256	13,461	16,890	19,227	18,367	14,614	15,189	5,449	-2,702	2,141	1,488	2,399	1,382	2,089	909	1,585	1,360	1,445
Income Tax Expense	7,631	340	926	5,038	3,046	2,542	7,374	6,775	3,890	9,406	8,984	6,678	5,107	6,668	5,567	2,372	6,277	6,069	5,183	3,706	7,941	4,960	4,923	3,603	-8,682	7,218	7,960	4,614	7,368	8,664	6,258	5,837	5,857	7,226	5,881	5,267	5,914	5,840	6,181	6,185	4,033	5,687	6,329	6,847	4,599	6,382	6,896	5,959	4,544	6,221	5,979	5,151	3,718	4,435	4,622	3,736	2,586	2,800	3,662	3,579	4,670	5,076	5,358	5,646	7,270	8,133	7,207	5,932	5,983	2,476	-1,296	1,047	-108	-109	-903	-1,087	-754	-754	-754	-754
Interest Expense	7,852	10,557	10,132	9,457	9,186	7,474	4,103	2,697	2,407	2,550	2,612	2,683	2,971	3,488	3,908	3,525	2,508	2,824	2,934	2,453	2,637	2,240	2,167	1,666	1,890	2,175	2,537	1,951	2,158	2,407	2,460	2,445	2,345	2,674	2,489	2,564	1,966	800	774	714	577	476	626	768	662	804	611	1,307	516	539	564	629	747	776	917	963	1,400	1,471	1,500	735	4,082	785	1,037	1,210	1,944	654	414	324	3,509	1,181	0	0	1,143	628	737	473	325	298	309	334
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,525	2,508	2,824	2,934	2,453	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	22,162	23,740	20,312	16,398	8,879	19,105	18,397	17,862	12,079	20,390	20,312	18,351	12,820	17,871	13,656	10,612	19,379	19,630	14,611	15,318	18,695	16,671	13,617	12,417	27,070	13,692	11,937	10,177	12,673	13,437	10,583	9,687	10,750	11,545	9,174	7,900	8,763	11,553	9,998	9,716	7,756	11,131	10,331	10,112	9,219	9,573	10,346	8,937	8,842	9,334	8,963	7,726	7,157	7,393	7,201	5,420	6,189	5,116	5,169	5,882	6,142	6,868	7,898	7,815	9,620	11,094	11,160	8,682	9,206	2,973	-1,406	1,094	108	109	903	1,087	754	754	754	754
Net Income Applicable To Common Shares	0	0	20,312	16,398	8,879	19,105	18,397	17,862	12,079	20,390	20,312	18,351	12,820	17,871	13,656	10,612	19,379	19,630	14,611	15,318	18,695	16,671	13,617	12,417	27,070	13,692	11,937	10,177	12,877	13,437	10,583	9,687	10,750	11,545	9,174	7,900	8,763	11,553	9,998	9,716	7,756	11,131	10,331	10,112	9,219	9,573	10,346	8,937	8,842	9,334	8,963	7,726	7,157	7,393	7,201	5,420	6,189	5,116	5,169	5,882	6,142	6,868	7,898	7,815	9,620	11,094	11,160	8,682	9,206	2,973	-1,094	1,094	773	1,249	718	1,087	486	847	728	772
Net Income From Continuing Ops	22,162	23,740	20,312	16,398	8,879	19,105	18,397	17,862	12,079	20,390	20,312	18,351	12,820	17,871	13,656	10,612	19,379	19,630	14,611	15,318	18,695	16,671	13,617	12,417	27,070	13,692	11,937	10,177	12,877	13,437	10,583	9,687	10,750	11,545	9,174	7,900	8,763	11,553	9,998	9,716	7,756	11,131	10,331	10,112	9,219	9,573	10,346	8,937	0	9,334	8,963	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-9,535	-10,557	-10,132	-9,457	-9,007	-7,474	-4,103	-2,697	-2,407	-2,550	-2,612	-2,683	-2,971	-3,488	-3,908	-3,525	-2,508	-2,824	-2,934	-2,453	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	-558	0	887	98	-369	-212	81	-46	-417	-860	-223	349	190	-134	-141	186	-412	-170	-351	-318	104	97	-311	226	109	234	732	-57	275	-86	-52	-1,190	-231	33	-335	-621	-35	-221	140	-9	78	36	-116	-212	-33	0	0	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	40,087	31,901	32,047	31,451	23,049	28,234	29,776	27,703	18,588	32,265	31,954	28,129	21,758	28,250	22,782	16,319	28,298	28,664	22,542	21,889	29,443	24,222	21,025	17,582	20,181	23,396	22,208	16,633	21,965	23,776	19,358	17,694	19,038	21,497	18,734	15,962	16,610	18,528	17,574	16,650	12,587	17,154	17,295	17,649	14,426	16,875	18,065	16,236	13,867	16,094	15,504	13,419	11,647	12,505	12,661	10,100	9,595	9,322	10,137	10,030	11,296	12,662	14,295	14,721	17,413	19,827	18,623	14,660	14,996	6,340	-1,563	3,167	-124,692	46,967	41,643	41,212	-98,018	34,872	34,872	34,872
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	438,265	469,618	468,038	451,831	452,560	439,543	393,334	385,765	369,397	361,795	360,571	350,349	412,577	332,065	331,205	341,919	368,338	345,254	344,175	319,365	348,467	308,746	303,290	285,198	300,993	281,905	284,184	279,662	267,594	282,744	286,061	265,905	261,767	267,454	270,215	257,565	259,816	246,268	246,286	228,402	217,172	226,901	224,273	216,272	217,553	220,989	221,584	211,405	200,080	202,597	197,891	181,323	181,291	185,206	186,986	164,338	164,466	157,749	165,268	147,832	150,637	163,619	169,769	160,427	169,010	178,986	171,548	137,053	98,889	101,461	57,708	50,281	171,658	0	0	0	132,890	0	0	0
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	14,531	14,561	16,113	15,533	15,778	13,958	10,027	10,154	8,258	7,680	7,747	8,285	8,519	8,654	8,543	8,032	6,647	6,966	7,672	6,897	7,453	6,726	6,315	6,712	6,924	7,354	7,048	7,253	7,499	7,241	7,232	7,147	8,482	8,579	8,182	8,163	7,884	5,500	5,387	5,035	5,152	5,230	5,141	5,192	6,409	6,366	6,319	5,346	5,119	4,913	5,099	5,176	5,829	5,798	5,725	5,749	5,879	5,709	5,659	3,306	3,757	3,947	3,603	2,783	2,096	1,879	1,174	1,167	921	949	894	772	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	123,354	131,553	126,522	123,733	372,460	118,290	114,403	117,452	114,472	99,940	106,178	109,982	308,341	100,123	99,255	103,271	97,664	100,130	101,450	96,519	91,958	88,960	90,410	89,659	86,840	84,558	86,240	88,802	77,655	84,193	84,641	81,559	79,533	81,011	83,782	84,833	83,447	74,704	74,232	69,637	68,874	67,647	67,604	68,262	64,265	66,356	67,404	65,871	241,062	60,341	59,270	57,926	218,533	55,348	56,130	51,030	203,428	50,430	55,698	45,289	170,360	44,251	46,856	37,237	118,128	29,639	27,734	27,734	87,056	27,299	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	-3,166	131,553	126,522	123,733	235,742	118,290	114,403	117,452	114,472	99,940	106,178	109,982	199,378	100,123	99,255	103,271	97,664	100,130	101,450	96,519	91,958	88,960	90,410	89,659	86,840	84,558	86,240	88,802	77,655	84,193	84,641	81,559	79,533	81,011	83,782	84,833	82,163	74,704	74,232	69,637	68,874	67,647	67,604	68,262	199,631	66,356	67,404	65,871	63,525	60,341	59,270	57,926	56,025	55,348	56,130	51,030	52,011	50,430	55,698	45,289	42,016	44,251	46,856	37,237	33,021	29,639	27,734	27,734	19,896	24,599	17,678	17,883	18,265	14,258	13,611	13,905	11,556	11,680	11,720	11,141
Tax Provision	7,631	340	926	5,038	3,046	2,542	7,374	6,775	3,890	9,406	8,984	6,678	5,107	6,668	5,567	2,372	6,277	6,069	5,183	3,706	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	120,188	146,114	142,634	139,266	152,496	132,248	124,429	127,607	122,730	107,620	113,925	118,267	117,482	108,777	107,798	111,303	104,311	107,096	109,122	103,416	99,410	95,686	96,725	96,372	93,763	91,913	93,288	96,055	85,154	91,434	91,873	88,706	88,015	89,590	91,964	92,996	91,331	80,204	79,619	74,672	74,026	72,877	72,745	73,454	70,674	72,722	73,723	71,217	68,644	65,254	64,369	63,102	61,854	61,146	61,855	56,779	57,890	56,139	61,357	48,595	45,773	48,198	50,459	40,020	35,117	31,518	28,908	28,901	20,817	28,248	22,872	18,655	-171,658	0	0	0	-132,890	0	0	0
Total Other Income Expense Net	-10,294	2,736	-677	-10,015	-11,125	-6,587	-4,005	-3,066	-212	81	-46	-417	-860	-223	349	190	-134	-141	186	-412	-170	-351	-318	104	97	-311	226	109	234	732	-57	275	-86	-52	-1,190	-231	33	-335	-621	-35	-221	140	-9	78	54	-116	-212	-33	35	-539	2	87	-25	99	79	19	580	65	194	166	566	67	-2	-50	29	54	158	278	356	290	-1,139	-1,026	0	0	0	0	0	0	0	0
Total Revenue	478,352	501,519	500,085	483,282	475,609	467,777	423,110	413,468	387,985	394,060	392,525	378,478	434,335	360,315	353,987	358,238	396,636	373,918	366,717	341,254	377,910	332,968	324,315	302,780	321,174	305,301	306,392	296,295	289,559	306,520	305,419	283,599	280,805	288,951	288,949	273,527	276,426	264,796	263,860	245,052	229,759	244,055	241,568	233,921	231,979	237,864	239,649	227,641	213,947	218,691	213,395	194,742	192,938	197,711	199,647	174,438	174,061	167,071	175,405	157,862	161,933	176,281	184,064	175,148	186,423	198,813	190,171	151,713	113,885	107,801	56,145	53,448	46,966	46,967	41,643	41,212	34,872	34,872	34,872	34,872

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	1,963,238
Cost of Revenue	-1,325,756
Gross Profit	637,482	637,482

Operating Income (+$)
Gross Profit	637,482
Operating Expense	-496,562
Operating Income	140,920	140,920

Operating Expense (+$)
Research Development	0
Selling General Administrative	-8,600
Selling And Marketing Expenses	505,162
Operating Expense	496,562	496,562

Net Interest Income (+$)
Interest Income	0
Interest Expense	-32,699
Other Finance Cost	-6,632
Net Interest Income	-39,331

Pretax Income (+$)
Operating Income	140,920
Net Interest Income	-39,331
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	96,547	185,293 EBIT - interestExpense = 108,221 96,547 115,311
Interest Expense	32,699
Earnings Before Interest and Taxes (EBIT)	140,920	129,246
Earnings Before Interest and Taxes (EBITDA)	201,658

After tax Income (+$)
Income Before Tax	96,547
Tax Provision	-9,350
Net Income From Continuing Ops	69,329	87,197
Net Income	82,612
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	1,822,318
Total Other Income/Expenses Net	-44,373	39,331

Technical Analysis of Icf
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Icf. The general trend of Icf is BULLISH with 14.3% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Icf's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (14.3%)		Bearish trend (-14.3%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of ICF International Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 152.67 < 156.87.

The bearish price targets are: 137.62 > 132.57 > 130.18.

Tweet this

ICF International Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of ICF International Inc. The current mas is .

The long score for the Moving Averages is 8/14.
The longshort score for the Moving Averages is 2/(-14 +14).

MA 20 trending down: The MA 20 is trending down. -1
Close < MA 20: The price is below the MA 20. -1
MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending down: The MA 50 is trending down. -1
Close < MA 50: The price is below the MA 50. -1
MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending up: The MA 200 is trending up. +1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

ICF International Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of ICF International Inc. The current macd is -2.59317526.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Icf price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Icf. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Icf price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

ICF International Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of ICF International Inc. The current adx is 27.85.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Icf shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2

ICF International Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of ICF International Inc. The current sar is 145.31.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

ICF International Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of ICF International Inc. The current rsi is 42.11. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

ICF International Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of ICF International Inc. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Icf price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

ICF International Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of ICF International Inc. The current cci is -59.33504364.

ICF International Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of ICF International Inc. The current cmo is -11.79687521.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

ICF International Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of ICF International Inc. The current willr is -62.19349086.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Icf is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

ICF International Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of ICF International Inc.

ICF International Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of ICF International Inc. The current atr is 3.05018691.

ICF International Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of ICF International Inc. The current obv is 1,082,824.

ICF International Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of ICF International Inc. The current mfi is 37.61.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

ICF International Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for ICF International Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-30	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-05	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-08	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-14	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-15	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2023-12-21	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2023-12-28	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-12-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-02	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-04	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-05	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-12	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-16	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-17	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-22	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-23	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-24	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-26	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-30	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-01-31	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-09	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-13	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-15	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-20	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-02-21	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-27	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-02-28	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-01	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-03-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-03-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-12	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-13	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-14	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-15	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-21	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-03-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-01	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-02	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-09	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-11	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-04-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-15	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-17	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-19	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-22	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside

6.3. Candlestick Patterns

ICF International Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of ICF International Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.105
Ma 20	Greater than	Ma 50	144.510
Ma 50	Greater than	Ma 100	149.310
Ma 100	Greater than	Ma 200	142.808
Open	Greater than	Close	140.450
Total			2/5 (40.0%)

Create your own Symbol Scanner

Get notifications about ICF International Inc

I send you an email if I find something interesting about ICF International Inc.

ICF International Inc Buy, Hold or Sell?

Let's analyse Icf together

Get notifications about ICF International Inc

Quick analysis of Icf (30 sec.)

What can you expect buying and holding a share of Icf? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Icf (5 min.)

$141.86

$48.23

$90.87 - $138.10

$139.10 - $186.33

2. Growth of Icf (5 min.)

Is Icf growing?

How much money is Icf making?

How much money comes from the company's main activities?

3. Financial Health of Icf (5 min.)

4. Comparing to competitors in the Consulting Services industry (5 min.)

Industry Rankings (Consulting Services)

What can you expect buying and holding a share of Icf? (5 min.)

What can you expect buying and holding a share of Icf?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Icf

About ICF International Inc

Financial Health

Valuation

1.1. Profitability of ICF International Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Consulting Services)

1.1.2. Return on Assets

Trends

Compared to industry (Consulting Services)

1.1.3. Return on Equity

Trends

Compared to industry (Consulting Services)

1.2. Operating Efficiency of ICF International Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Consulting Services)

1.2.2. Operating Ratio

Trends

Compared to industry (Consulting Services)

1.3. Liquidity of ICF International Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Consulting Services)

1.3.2. Quick Ratio

Trends

Compared to industry (Consulting Services)

1.4. Solvency of ICF International Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Consulting Services)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Consulting Services)

2. Market Valuation of ICF International Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Consulting Services)

ICF International Inc
Buy, Hold or Sell?