REPORTABLE SEGMENT INFORMATION (Tables)
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12 Months Ended |
Apr. 02, 2022 |
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| Segment Reporting [Abstract] |
Ìý
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| Financial Information for Reportable Segments |
Financial information for ±«ÓãÖ±²¥â€™s reportable segments is as follows:
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Year Ended March |
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| (In thousands) |
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2022 |
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2021 |
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2020 |
| Segment revenues: |
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| Outdoor |
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$ |
5,327,568Ìý |
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$ |
4,127,601Ìý |
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$ |
4,643,956Ìý |
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| Active |
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5,380,338Ìý |
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4,160,856Ìý |
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4,919,427Ìý |
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| Work |
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1,133,149Ìý |
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945,680Ìý |
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886,419Ìý |
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| Other |
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785Ìý |
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4,693Ìý |
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38,754Ìý |
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| Total segment revenues |
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$ |
11,841,840Ìý
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$ |
9,238,830Ìý
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$ |
10,488,556Ìý
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| Segment profit (loss): |
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| Outdoor |
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$ |
795,523Ìý |
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$ |
342,212Ìý |
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$ |
516,089Ìý |
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| Active |
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979,746Ìý |
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648,467Ìý |
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1,136,821Ìý |
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| Work |
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193,492Ìý |
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27,141Ìý |
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50,383Ìý |
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| Other |
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(586) |
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(5,410) |
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(6,485) |
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| Total segment profit |
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1,968,175Ìý
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1,012,410Ìý
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1,696,808Ìý
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Impairment of goodwill and indefinite-lived intangible assets (a)
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—Ìý |
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(12,400) |
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(323,223) |
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Corporate and other expenses (b)
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(309,817) |
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(417,038) |
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(514,430) |
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| Interest expense, net |
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(131,463) |
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(126,500) |
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(72,175) |
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| Loss on debt extinguishment |
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(3,645) |
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—Ìý |
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(59,772) |
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| Income from continuing operations before income taxes |
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$ |
1,523,250Ìý
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$ |
456,472Ìý
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$ |
727,208Ìý
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(a)Excludes $8.0Ìýmillion of impairment charges related to definite-lived intangible assets in the year ended March 2021, which are primarily recorded in the Work segment.
(b)Certain corporate overhead and other costs of $25.2 million during the year ended March 2020, previously allocated to the Work segment for segment reporting purposes, have been reallocated to continuing operations as discussed in Note 4.
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| Reconciliation Assets |
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| (In thousands) |
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March 2022 |
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March 2021 |
| Segment assets: |
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| Outdoor |
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$ |
1,307,244Ìý |
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$ |
1,019,244Ìý |
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| Active |
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1,110,691Ìý |
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1,025,327Ìý |
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| Work |
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436,765Ìý |
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300,927Ìý |
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| Other |
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31,815Ìý |
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14,361Ìý |
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| Total segment assets |
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2,886,515Ìý |
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2,359,859Ìý |
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| Cash and equivalents |
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1,275,943Ìý |
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815,750Ìý |
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| Short-term investments |
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—Ìý |
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598,806Ìý |
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| Property, plant and equipment, net |
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1,041,777Ìý |
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975,876Ìý |
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| Intangible assets and goodwill |
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5,394,158Ìý |
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5,454,972Ìý |
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| Operating lease right-of-use assets |
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1,247,056Ìý |
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1,474,434Ìý |
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| Other assets |
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1,496,759Ìý |
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1,486,754Ìý |
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| Assets of discontinued operations |
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—Ìý |
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587,578Ìý |
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| Consolidated assets |
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$ |
13,342,208Ìý
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$ |
13,754,029Ìý
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| Reconciliation of Capital Expenditures and Depreciation and Amortization Expense |
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| (In thousands) |
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March 2022 |
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March 2021 |
| Segment assets: |
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| Outdoor |
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$ |
1,307,244Ìý |
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$ |
1,019,244Ìý |
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| Active |
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1,110,691Ìý |
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1,025,327Ìý |
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| Work |
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436,765Ìý |
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300,927Ìý |
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| Other |
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31,815Ìý |
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14,361Ìý |
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| Total segment assets |
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2,886,515Ìý |
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2,359,859Ìý |
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| Cash and equivalents |
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1,275,943Ìý |
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815,750Ìý |
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| Short-term investments |
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—Ìý |
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598,806Ìý |
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| Property, plant and equipment, net |
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1,041,777Ìý |
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975,876Ìý |
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| Intangible assets and goodwill |
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5,394,158Ìý |
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5,454,972Ìý |
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| Operating lease right-of-use assets |
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1,247,056Ìý |
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1,474,434Ìý |
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| Other assets |
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1,496,759Ìý |
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1,486,754Ìý |
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| Assets of discontinued operations |
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—Ìý |
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587,578Ìý |
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| Consolidated assets |
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$ |
13,342,208Ìý
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$ |
13,754,029Ìý
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Year Ended March |
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| (In thousands) |
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2022 |
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2021 |
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2020 |
| Depreciation and amortization expense: |
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| Outdoor |
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$ |
95,860Ìý |
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$ |
94,841Ìý |
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$ |
91,657Ìý |
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| Active |
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87,235Ìý |
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80,245Ìý |
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80,562Ìý |
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| Work |
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14,439Ìý |
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20,785Ìý |
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14,856Ìý |
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| Other |
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69,401Ìý |
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73,210Ìý |
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80,544Ìý |
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$ |
266,935Ìý
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$ |
269,081Ìý
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$ |
267,619Ìý
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| Supplemental Information (with Revenues by Geographic Area Based on the Origin of Shipment) |
Supplemental information (with revenues by geographic area primarily based on the origin of the shipment) is as follows:
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Year Ended March |
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| (In thousands) |
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2022 |
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2021 |
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2020 |
| Total revenues: |
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| U.S. |
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$ |
6,178,300Ìý |
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$ |
4,635,704Ìý |
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$ |
5,520,317Ìý |
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| Foreign |
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5,663,540Ìý |
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4,603,126Ìý |
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4,968,239Ìý |
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$ |
11,841,840Ìý
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$ |
9,238,830Ìý
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$ |
10,488,556Ìý
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| Property, plant and equipment: |
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| U.S. |
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$ |
716,952Ìý |
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$ |
621,777Ìý |
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| Foreign |
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324,825Ìý |
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354,099Ìý |
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$ |
1,041,777Ìý
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$ |
975,876Ìý
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