Owens & Minor (OMI) 10-Q 3 Nov 20 2020 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2020	Oct. 29, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	1-9810
Entity Registrant Name	Owens & Minor, Inc.
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1701843
Entity Address, Address Line One	9120 Lockwood Boulevard
Entity Address, City or Town	Mechanicsville
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23116
City Area Code	804
Local Phone Number	723-7000
Title of 12(b) Security	Common Stock, $2 par value per share
Trading Symbol	OMI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Smaller Reporting Entity	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		73,512,279
Entity Central Index Key	0000075252
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Net revenue	$ 2,187,928	$ 2,292,752	$ 6,118,340	$ 7,020,296
Cost of goods sold	1,843,589	2,012,130	5,236,035	6,176,537
Gross margin	344,339	280,622	882,305	843,759
Distribution, selling and administrative expenses	262,538	248,661	758,320	767,986
Acquisition-related and exit and realignment charges	6,382	4,522	18,500	14,776
Other operating (income) expense, net	(134)	1,329	(3,020)	2,385
Operating income	75,553	26,110	108,505	58,612
Interest expense, net	20,975	24,050	65,923	75,557
Other expense, net	1,093	550	1,387	4,014
Income (loss) from continuing operations before income taxes	53,485	1,510	41,195	(20,959)
Income tax provision (benefit)	7,404	(1,910)	3,863	(3,726)
Income (loss) from continuing operations, net of tax	46,081	3,420	37,332	(17,233)
Loss from discontinued operations, net of tax	0	(2,196)	(58,203)	(6,115)
Net income (loss)	$ 46,081	$ 1,224	$ (20,871)	$ (23,348)
Loss from continuing operations per common share: basic and diluted (in usd per share)	$ 0.76	$ 0.06	$ 0.61	$ (0.28)
Loss from discontinued operations per common share: basic and diluted (in usd per share)	0	(0.04)	(0.95)	(0.11)
Net loss per common share: basic and diluted (in usd per share)	$ 0.76	$ 0.02	$ (0.34)	$ (0.39)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 46,081	$ 1,224	$ (20,871)	$ (23,348)
Other comprehensive income (loss), net of tax:
Currency translation adjustments (net of income tax of $0 in 2020 and 2019)	5,173	(9,038)	7,003	(5,793)
Change in unrecognized net periodic pension costs (net of income tax of $47 and $135 in 2020, and $61 and $187 in 2019)	167	199	932	593
Net unrealized gain (loss) on derivative instruments (net of income tax of $831 and income tax benefit of $3,232 in 2020, and $1,225 and $4,866 in 2019)	1,681	(1,789)	(9,792)	(9,464)
Total other comprehensive income (loss), net of tax	7,021	(10,628)	(1,857)	(14,664)
Comprehensive income (loss)	$ 53,102	$ (9,404)	$ (22,728)	$ (38,012)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Income Tax: Currency translation adjustments, income tax benefit	$ 0	$ 0	$ 0	$ 0
Change in unrecognized net periodic pension costs, income tax expense	47	61	135	187
Income Tax: Net unrealized gain (loss) on derivative instruments	$ 831	$ 1,225	$ 3,232	$ 4,866

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 77,256	$ 67,030
Accounts receivable, net of allowances of $20,135 and $21,015	688,884	674,706
Merchandise inventories	1,095,410	1,146,192
Other current assets	235,983	79,372
Current assets of discontinued operations	0	439,983
Total current assets	2,097,533	2,407,283
Property and equipment, net of accumulated depreciation of $273,403 and $245,718	301,299	315,427
Operating lease assets	143,362	142,219
Goodwill	390,395	393,181
Intangible assets, net	251,615	285,018
Other assets, net	112,911	99,956
Total assets	3,297,115	3,643,084
Current liabilities
Accounts payable	946,116	808,035
Accrued payroll and related liabilities	71,406	53,584
Other current liabilities	412,483	231,029
Current liabilities of discontinued operations	0	323,511
Total current liabilities	1,430,005	1,416,159
Long-term debt, excluding current portion	1,099,645	1,508,415
Operating lease liabilities, excluding current portion	120,025	117,080
Deferred income taxes	75,009	40,550
Other liabilities	121,096	98,726
Total liabilities	2,845,780	3,180,930
Commitments and contingencies
Equity
Common stock, par value $2 per share; authorized - 200,000 shares; issued and outstanding - 63,716 shares and 62,843 shares	127,432	125,686
Paid-in capital	262,002	251,401
Retained earnings	116,465	137,774
Accumulated other comprehensive loss	(54,564)	(52,707)
Total equity	451,335	462,154	$ 518,419
Total liabilities and equity	$ 3,297,115	$ 3,643,084

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 20,135	$ 21,015
Property and equipment, accumulated depreciation	$ 273,403	$ 245,718
Common stock, par value (in usd per share)	$ 2	$ 2
Common stock, authorized (shares)	200,000,000	200,000,000
Common stock, issued (shares)	63,716,000	62,843,000
Common stock, outstanding (shares)	63,716,000	62,843,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Operating activities:
Net income (loss)	$ (20,871)	$ (23,348)
Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation and amortization	69,494	88,204
Share-based compensation expense	15,275	12,057
Loss on divestiture	65,472	0
Provision for losses on accounts receivable	9,583	9,759
Deferred income tax expense (benefit)	25,017	(11,989)
Changes in operating lease right-of-use assets and lease liabilities	(1,328)	(1,280)
Changes in operating assets and liabilities:
Accounts receivable	(20,173)	73,986
Merchandise inventories	52,605	136,021
Accounts payable	136,156	(221,381)
Net change in other assets and liabilities	(69,117)	69,756
Other, net	6,083	7,320
Cash provided by operating activities	268,196	139,105
Investing activities:
Proceeds from divestiture	133,000	0
Additions to property and equipment	(21,678)	(31,224)
Additions to computer software	(4,702)	(6,928)
Proceeds from sale of property and equipment	178	220
Proceeds from cash surrender value of life insurance policies	6,032	0
Cash provided by (used for) investing activities	112,830	(37,932)
Financing activities:
Proceeds from issuance of debt	150,000	0
Repayments under revolving credit facility	(107,900)	(36,100)
Repayments of debt	(270,399)	(40,700)
Financing costs paid	(10,367)	(4,313)
Cash dividends paid	(467)	(5,072)
Other, net	(5,822)	(3,109)
Cash used for financing activities	(244,955)	(89,294)
Effect of exchange rate changes on cash and cash equivalents	6,721	(2,243)
Net increase in cash, cash equivalents and restricted cash	142,792	9,636
Cash, cash equivalents and restricted cash at beginning of period	84,687	103,367
Cash, cash equivalents and restricted cash at end of period	227,479	113,003
Supplemental disclosure of cash flow information:
Income taxes received, net of payments	(1,892)	(12,085)
Interest paid	$ 61,271	$ 76,470

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance (in shares) at Dec. 31, 2018		62,294
Beginning Balance at Dec. 31, 2018	$ 518,419	$ 124,588	$ 238,773	$ 200,670	$ (45,612)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(14,096)			(14,096)
Other comprehensive income (loss)	(6,423)				(6,423)
Dividends declared ($0.0025 per share)	(119)			(119)
Share-based compensation expense, exercises and other (in shares)		642
Share-based compensation expense, exercises and other	4,058	$ 1,284	2,774
Ending Balance (in shares) at Mar. 31, 2019		62,936
Ending Balance at Mar. 31, 2019	501,839	$ 125,872	241,547	186,455	(52,035)
Beginning Balance (in shares) at Dec. 31, 2018		62,294
Beginning Balance at Dec. 31, 2018	518,419	$ 124,588	238,773	200,670	(45,612)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(23,348)
Ending Balance (in shares) at Sep. 30, 2019		62,862
Ending Balance at Sep. 30, 2019	491,278	$ 125,724	248,916	176,914	(60,276)
Beginning Balance (in shares) at Mar. 31, 2019		62,936
Beginning Balance at Mar. 31, 2019	501,839	$ 125,872	241,547	186,455	(52,035)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(10,476)			(10,476)
Other comprehensive income (loss)	2,387				2,387
Dividends declared ($0.0025 per share)	(114)			(114)
Share-based compensation expense, exercises and other (in shares)		28
Share-based compensation expense, exercises and other	3,265	$ 56	3,209
Ending Balance (in shares) at Jun. 30, 2019		62,964
Ending Balance at Jun. 30, 2019	496,901	$ 125,928	244,756	175,865	(49,648)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,224
Other comprehensive income (loss)	(10,628)				(10,628)
Dividends declared ($0.0025 per share)	(175)			(175)
Share-based compensation expense, exercises and other (in shares)		(102)
Share-based compensation expense, exercises and other	3,956	$ (204)	4,160
Ending Balance (in shares) at Sep. 30, 2019		62,862
Ending Balance at Sep. 30, 2019	$ 491,278	$ 125,724	248,916	176,914	(60,276)
Beginning Balance (in shares) at Dec. 31, 2019	62,843	62,843
Beginning Balance at Dec. 31, 2019	$ 462,154	$ 125,686	251,401	137,774	(52,707)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(11,324)			(11,324)
Other comprehensive income (loss)	(39,405)				(39,405)
Dividends declared ($0.0025 per share)	(127)			(127)
Share-based compensation expense, exercises and other (in shares)		42
Share-based compensation expense, exercises and other	5,040	$ 84	4,956
Ending Balance (in shares) at Mar. 31, 2020		62,885
Ending Balance at Mar. 31, 2020	$ 416,338	$ 125,770	256,357	126,323	(92,112)
Beginning Balance (in shares) at Dec. 31, 2019	62,843	62,843
Beginning Balance at Dec. 31, 2019	$ 462,154	$ 125,686	251,401	137,774	(52,707)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ (20,871)
Ending Balance (in shares) at Sep. 30, 2020	63,716	63,716
Ending Balance at Sep. 30, 2020	$ 451,335	$ 127,432	262,002	116,465	(54,564)
Beginning Balance (in shares) at Mar. 31, 2020		62,885
Beginning Balance at Mar. 31, 2020	416,338	$ 125,770	256,357	126,323	(92,112)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(55,627)			(55,627)
Other comprehensive income (loss)	30,527				30,527
Dividends declared ($0.0025 per share)	(156)			(156)
Share-based compensation expense, exercises and other (in shares)		852
Share-based compensation expense, exercises and other	4,080	$ 1,704	2,376
Ending Balance (in shares) at Jun. 30, 2020		63,737
Ending Balance at Jun. 30, 2020	395,162	$ 127,474	258,733	70,540	(61,585)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	46,081			46,081
Other comprehensive income (loss)	7,021				7,021
Dividends declared ($0.0025 per share)	(156)			(156)
Share-based compensation expense, exercises and other (in shares)		(21)
Share-based compensation expense, exercises and other	$ 3,227	$ (42)	3,269
Ending Balance (in shares) at Sep. 30, 2020	63,716	63,716
Ending Balance at Sep. 30, 2020	$ 451,335	$ 127,432	$ 262,002	$ 116,465	$ (54,564)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common stock, par value (in usd per share)	$ 2	$ 2	$ 2	$ 2	$ 2	$ 2
Dividends declared, per share (in usd per share)	$ 0.0025	$ 0.0025	$ 0.0025	$ 0.0025	$ 0.0025	$ 0.0025

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following table shows the changes in accumulated other comprehensive loss by component for the three and nine months ended September 30, 2020 and 2019: Retirement Plans Currency Derivatives Total Accumulated other comprehensive loss, June 30, 2020 $ (13,926) $ (23,471) $ (24,188) $ (61,585) Other comprehensive income (loss) before reclassifications — 5,173 (516) 4,657 Income tax — — 40 40 Other comprehensive income (loss) before reclassifications, net of tax — 5,173 (476) 4,697 Amounts reclassified from accumulated other comprehensive loss 214 — 3,028 3,242 Income tax (47) — (871) (918) Amounts reclassified from accumulated other comprehensive loss, net of tax 167 — 2,157 2,324 Other comprehensive income 167 5,173 1,681 7,021 Accumulated other comprehensive loss, September 30, 2020 $ (13,759) $ (18,298) $ (22,507) $ (54,564) Retirement Plans Currency Translation Adjustments Derivatives Total Accumulated other comprehensive loss, June 30, 2019 $ (7,752) $ (29,306) $ (12,590) $ (49,648) Other comprehensive loss before reclassifications — (9,038) (3,384) (12,422) Income tax — — 1,314 1,314 Other comprehensive loss before reclassifications, net of tax — (9,038) (2,070) (11,108) Amounts reclassified from accumulated other comprehensive loss 260 — 370 630 Income tax (61) — (89) (150) Amounts reclassified from accumulated other comprehensive loss, net of tax 199 — 281 480 Other comprehensive income (loss) 199 (9,038) (1,789) (10,628) Accumulated other comprehensive loss, September 30, 2019 $ (7,553) $ (38,344) $ (14,379) $ (60,276) Retirement Plans Currency Translation Adjustments Derivatives Total Accumulated other comprehensive loss, December 31, 2019 $ (14,691) $ (25,301) $ (12,715) $ (52,707) Other comprehensive loss before reclassifications — (8,577) (19,913) (28,490) Income tax — — 5,113 5,113 Other comprehensive loss before reclassifications, net of tax — (8,577) (14,800) (23,377) Amounts reclassified from accumulated other comprehensive loss 1,067 15,580 6,889 23,536 Income tax (135) — (1,881) (2,016) Amounts reclassified from accumulated other comprehensive loss, net of tax 932 15,580 5,008 21,520 Other comprehensive income (loss) 932 7,003 (9,792) (1,857) Accumulated other comprehensive loss, September 30, 2020 $ (13,759) $ (18,298) $ (22,507) $ (54,564) Retirement Plans Currency Derivatives Total Accumulated other comprehensive loss, December 31, 2018 $ (8,146) $ (32,551) $ (4,915) $ (45,612) Other comprehensive loss before reclassifications — (5,793) (15,325) (21,118) Income tax — — 5,204 5,204 Other comprehensive loss before reclassifications, net of tax — (5,793) (10,121) (15,914) Amounts reclassified from accumulated other comprehensive loss 780 — 995 1,775 Income tax (187) — (338) (525) Amounts reclassified from accumulated other comprehensive loss, net of tax 593 — 657 1,250 Other comprehensive income (loss) 593 (5,793) (9,464) (14,664) Accumulated other comprehensive loss, September 30, 2019 $ (7,553) $ (38,344) $ (14,379) $ (60,276) We include amounts reclassified out of accumulated other comprehensive loss related to defined benefit pension plans as a component of net periodic pension cost recorded in Other expense, net. For the three and nine months ended September 30, 2020, we reclassified

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited consolidated financial statements include the accounts of Owens & Minor, Inc. and the subsidiaries it controls (we, us, or our) and contain all adjustments (which are comprised only of normal recurring accruals and use of estimates) necessary to conform with U.S. generally accepted accounting principles (GAAP). All significant intercompany accounts and transactions have been eliminated. The Movianto business represents a component that met accounting requirements to be classified as discontinued operations and held-for-sale beginning December 31, 2019. In accordance with GAAP, the results of operations and financial position of the Movianto business are presented as discontinued operations through June 18, 2020 (the Divestiture Date) and, as such, have been excluded from continuing operations for all periods presented. With the exception of Note 3, the Notes to Consolidated Financial Statements reflect the continuing operations of Owens & Minor, Inc. and its subsidiaries. See Note 3 for additional information regarding discontinued operations. The results of operations for interim periods are not necessarily indicative of the results expected for the full year. Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation. Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires us to make assumptions and estimates that affect reported amounts and related disclosures. Actual results may differ from these estimates. Cash, Cash Equivalents and Restricted Cash Cash, cash equivalents and restricted cash includes cash and marketable securities with an original maturity or maturity at acquisition of three months or less. Cash, cash equivalents and restricted cash are stated at cost. Nearly all of our cash, cash equivalents and restricted cash are held in cash depository accounts in major banks in the United States, Europe, and Asia. Cash that is held by a major bank and has restrictions on its availability to us is classified as restricted cash. Restricted cash included in other current assets represents cash held in a designated account as of September 30, 2020 as required by the Fifth Amendment to the Credit Agreement, which stipulates that the cash held within this account is to be used to repay the 2021 Notes or the Term Loans. Restricted cash included in Other assets, net as of September 30, 2020 represents cash held in an escrow account as required by the Centers for Medicare & Medicaid Services (CMS) in conjunction with the Bundled Payments for Care Improvement (BPCI) Advanced Program. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the accompanying consolidated balance sheets that sum to the total of those same amounts presented in the accompanying consolidated statements of cash flows. September 30, 2020 December 31, 2019 Cash and cash equivalents $ 77,256 $ 67,030 Restricted cash included in Other current assets 133,899 — Restricted cash included in Other assets, net 16,324 16,261 Cash of discontinued operations — 1,396 Total cash, cash equivalents and restricted cash $ 227,479 $ 84,687

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value	Fair ValueThe carrying amounts of cash and cash equivalents, accounts receivable and accounts payable reported in the consolidated balance sheets approximate fair value due to the short-term nature of these instruments. The carrying amount of restricted cash also approximates fair value due to its nature. The fair value of debt is estimated based on quoted market prices or dealer quotes for the identical liability when traded as an asset in an active market (Level 1) or, if quoted market prices or dealer quotes are not available, on the borrowing rates currently available for loans with similar terms, credit ratings, and average remaining maturities (Level 2). See Note 6 for the fair value of debt. The fair value of interest rate swaps and foreign currency contracts is determined based on the present value of expected future cash flows considering the risks involved, including non-performance risk, and using discount rates appropriate for the respective maturities. Observable Level 2 inputs are used to determine the present value of expected future cash flows. See Note 8 for the fair value of derivatives.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On June 18, 2020, we completed the previously announced divestiture of our European logistics business, Movianto (the Divestiture), as well as certain support functions in our Dublin office, to Walden Group SAS (the Buyer) and EHDH (as Buyer’s guarantor) for cash consideration of $133 million. We concluded that the Movianto business met the criteria for discontinued operations as of December 31, 2019 and through the Divestiture Date, as the intention to sell represented a strategic shift and the criteria for held-for-sale were met. Movianto was previously reported in the Global Solutions segment. Accordingly, the results of operations from the Movianto business are reported in the accompanying consolidated statements of operations as Loss from discontinued operations, net of tax for the three and nine months ended September 30, 2020 and 2019, and the related assets and liabilities are classified as held-for-sale as of December 31, 2019 in the accompanying balance sheet. We are working with the Buyer on a final working capital adjustment that could result in a benefit in an amount up to $42 million. There is no benefit of any such adjustment reflected in our consolidated financial statements as of September 30, 2020. The following table summarizes the financial results of our discontinued operations for the three and nine months ended September 30, 2020 and 2019: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Net revenue $ — $ 106,265 $ 226,759 $ 324,308 Cost of goods sold — 24,399 53,923 78,729 Gross margin — 81,866 172,836 245,579 Distribution, selling, and administrative expenses — 81,565 157,512 245,562 Loss on divestiture — — 65,472 — Acquisition-related and exit and realignment charges — 383 4,825 774 Other operating income, net — (20) (388) (492) Operating loss — (62) (54,585) (265) Interest expense, net — 1,887 3,144 5,162 Loss from discontinued operations before income taxes — (1,949) (57,729) (5,427) Income tax provision from discontinued operations — 247 474 688 Loss from discontinued operations, net of tax $ — $ (2,196) $ (58,203) $ (6,115) We suspended depreciation and amortization on assets that are held-for-sale, including right-of-use assets recorded in accordance with ASU No. 2016-02, for the nine months ended September 30, 2020. All revenue and expense included in discontinued operations during the nine months ended September 30, 2020 relates to activity through the Divestiture Date. No revenue or expense have been recorded in discontinued operations related to the disposal group subsequent to the Divestiture Date. We have entered into transition services agreements with a subsidiary of the Buyer, pursuant to which we and a subsidiary of the Buyer will provide to each other various transitional services. Certain transition service arrangement costs and reimbursements were recorded during the three and nine months ended September 30, 2020. These amounts were immaterial for the three and nine months ended September 30, 2020. The assets and liabilities of the discontinued Movianto business reflected on the consolidated balance sheet at December 31, 2019 were as follows: December 31, 2019 Assets of discontinued operations Cash and cash equivalents $ 1,396 Accounts receivable, net 78,643 Merchandise inventories 16,058 Other current assets 188,853 Current assets of discontinued operations 284,950 Property and equipment, net 65,710 Intangible assets, net 6,579 Other assets, net 27,431 Operating lease assets 87,425 Valuation allowance on disposal group classified as held-for-sale (32,112) Total assets of discontinued operations $ 439,983 Liabilities of discontinued operations Accounts payable $ 53,981 Other current liabilities 182,980 Current liabilities of discontinued operations 236,961 Long-term debt, excluding current portion 5,523 Operating lease liabilities, excluding current portion 76,270 Other liabilities 4,757 Total liabilities of discontinued operations $ 323,511 Assets and liabilities held-for-sale as of December 31, 2019 were classified as current since we expected the Divestiture to be completed within one year of the balance sheet date. The following table provides operating and investing cash flow information for our discontinued operations: September 30, 2020 September 30, 2019 Operating Activities: Depreciation and amortization $ — $ 15,466 Loss on divestiture 65,472 — Investing Activities: Capital expenditures 3,027 17,298

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The following table summarizes the goodwill balances by segment and the changes in the carrying amount of goodwill through September 30, 2020: Global Solutions Global Products Consolidated Carrying amount of goodwill, December 31, 2019 $ 283,905 $ 109,276 $ 393,181 Currency translation adjustments — (2,786) (2,786) Carrying amount of goodwill, September 30, 2020 $ 283,905 $ 106,490 $ 390,395 Intangible assets at September 30, 2020 and December 31, 2019 were as follows: September 30, 2020 December 31, 2019 Customer Tradenames Other Customer Tradenames Other Gross intangible assets $ 268,179 $ 90,000 $ 43,238 $ 270,693 $ 90,000 $ 43,055 Accumulated amortization (113,999) (22,791) (13,012) (92,947) (16,520) (9,263) Net intangible assets $ 154,180 $ 67,209 $ 30,226 $ 177,746 $ 73,480 $ 33,792 Weighted average useful life 10 years 11 years 8 years 10 years 11 years 8 years At September 30, 2020, $67.2 million in net intangible assets were held in the Global Solutions segment and $184.4 million were held in the Global Products segment. Amortization expense for intangible assets was $10.2 million and $10.6 million for the three months ended September 30, 2020 and 2019, respectively, and $31.5 million and $33.4 million for the nine months ended September 30, 2020 and 2019, respectively.

Exit and Realignment Costs

Exit and Realignment Costs	3 Months Ended
	Sep. 30, 2020
Restructuring and Related Activities [Abstract]
Exit and Realignment Costs	Exit and Realignment Costs We periodically incur exit and realignment and other charges associated with optimizing our operations which includes the consolidation of certain distribution and outsourced logistics centers, administrative offices and warehouses, our client engagement center and IT restructuring charges. These charges also include costs associated with our strategic organizational realignment which include management changes, certain professional fees, and costs to streamline administrative functions and processes. Exit and realignment charges by segment for the three and nine months ended September 30, 2020 and 2019 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Global Solutions segment $ 2,714 $ 969 $ 6,255 $ 3,149 Global Products segment 2,877 11 3,364 252 Total exit and realignment charges $ 5,591 $ 980 $ 9,619 $ 3,401 The following table summarizes the activity related to exit and realignment cost accruals through September 30, 2020 and 2019: Total Accrued exit and realignment costs, December 31, 2019 $ 8,162 Provision for exit and realignment activities: Severance 1,391 Information system restructuring costs 183 Other 255 Cash payments (5,799) Accrued exit and realignment costs, March 31, 2020 4,192 Provision for exit and realignment activities: Severance 809 Information system restructuring costs 671 Other 720 Cash payments (2,072) Accrued exit and realignment costs, June 30, 2020 4,320 Provision for exit and realignment activities: Severance 1,950 Information system restructuring costs 77 Other 3,564 Cash payments (7,083) Accrued exit and realignment costs, September 30, 2020 $ 2,828 Accrued exit and realignment costs, December 31, 2018 $ 7,477 Provision for exit and realignment activities: Severance 360 Information system restructuring costs 261 Other 83 Cash payments (2,206) Accrued exit and realignment costs, March 31, 2019 5,975 Provision for exit and realignment activities: Severance 1,008 Information system restructuring costs 705 Other 4 Cash payments (2,301) Accrued exit and realignment costs, June 30, 2019 5,391 Provision for exit and realignment activities: Severance 305 Information system restructuring costs 664 Other 11 Cash payments (2,586) Accrued exit and realignment costs, September 30, 2019 $ 3,785

Debt

Debt	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Debt	Debt Debt consists of the following: September 30, 2020 December 31, 2019 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value 3.875% Senior Notes, due September 2021 $ 178,485 $ 180,307 $ 236,234 $ 229,356 4.375% Senior Notes, due December 2024 244,697 245,122 273,978 212,086 Term A Loans, due July 2022 196,489 199,619 377,420 383,050 Term B Loan, due April 2025 478,127 475,913 480,337 442,217 Revolver 70,000 70,000 177,900 177,900 Receivables Securitization Program 147,580 150,000 — — Finance leases and other 13,371 13,371 13,783 13,783 Total debt 1,328,749 1,334,332 1,559,652 1,458,392 Less current maturities (229,104) (230,784) (51,237) (51,237) Long-term debt $ 1,099,645 $ 1,103,548 $ 1,508,415 $ 1,407,155 We have $178 million of 3.875% senior notes due in 2021 (the 2021 Notes) and $245 million of 4.375% senior notes due in 2024 (the 2024 Notes), with interest payable semi-annually. The 2021 Notes were sold at 99.5% of the principal amount with an effective yield of 3.951%. The 2024 Notes were sold at 99.6% of the principal amount with an effective yield of 4.422%. We have the option to redeem the 2021 Notes and 2024 Notes in part or in whole prior to maturity at a redemption price equal to the greater of 100% of the principal amount or the present value of the remaining scheduled payments discounted at the applicable Benchmark Treasury Rate plus 25 basis points for the 2021 Notes and the applicable Benchmark Treasury Rate plus 30 basis points for the 2024 Notes. In June 2020, we announced cash tender offers for up to $240 million aggregate principal amount of our outstanding 2021 Notes and 2024 Notes. As of the Early Settlement Date of June 22, 2020, $54.1 million of the 2021 Notes and $29.0 million of the 2024 Notes were repaid. On the Early Settlement Date, the 2021 Notes were redeemed at 100% of par, and the 2024 Notes were redeemed at 90% of par, resulting in a net gain on extinguishment of debt of $2.9 million. The tender offers remained open through July 2, 2020, and an additional $0.1 million of the 2021 Notes were redeemed at the Base Consideration price of 95% of par by the time the offers closed. Including the tender offer, we used $83.3 million of cash to repurchase $87.9 million aggregate principal amount of the 2021 Notes and 2024 Notes during the first nine months of 2020. Consistent with the terms of the Fifth Amendment to the Credit Agreement, we used $54.1 million of the proceeds from the sale of Movianto to fund the repayment of the 2021 Notes, which were retired in the second quarter as part of the tender offer. As required by the Fifth Amendment to the Credit Agreement, the remaining $78.9 million of proceeds from the sale of Movianto were placed in a designated account and will be used to repurchase a portion of the outstanding 2021 Notes within 210 days of the Divestiture Date or repay a portion of our Term Loans. We have a Credit Agreement (last amended February 13, 2020) with a $400 million revolving credit facility and $675 million in outstanding term loans. The interest rate on our revolving credit facility and Term A Loans is based on 1) either the Eurocurrency Rate or the Base Rate plus 2) an Applicable Percentage which varies depending on Consolidated Total Leverage Ratio (each as defined in the Credit Agreement). Our credit spread on the revolving credit facility and Term A Loans at September 30, 2020 was Eurocurrency Rate plus 4.25%. Our Term B Loan accrues interest based on 1) either the Eurocurrency Rate or the Base Rate plus 2) an Applicable Percentage of 3.50% per annum for Base Rate Loans and 4.50% per annum for Eurocurrency Rate Loans (each as defined in the Credit Agreement). Our credit spread on the Term B Loan at September 30, 2020 was Eurocurrency Rate plus 4.50%. We are charged a commitment fee of between 12.5 and 25.0 basis points on the unused portion of the revolving credit facility. Our Credit Agreement has a “springing maturity date” with respect to the revolving credit facility, the Term A Loans, and the Term B Loan. If the outstanding balance of the 2021 Notes has not been paid in full as of the date 91 days prior to the maturity date of the 2021 Notes, then the Termination Date (as defined in the Credit Agreement) of the revolving credit facility, the Term A Loans, and the Term B Loan shall be the date that is 91 days prior to the maturity date of the 2021 Notes. Likewise, if the outstanding balance of the 2024 Notes has not been paid in full as of the date 91 days prior to the maturity date of the 2024 Notes, the Termination Date of the Term B Loan shall be the date that is 91 days prior to the maturity date of the 2024 Notes. At September 30, 2020 and December 31, 2019, we had borrowings of $70.0 million and $177.9 million, respectively, under the revolver and letters of credit of $13.9 million and $11.7 million, respectively, outstanding under the Credit Agreement. At September 30, 2020 and December 31, 2019, we had $316.1 million and $209.3 million, respectively, available for borrowing. The December 31, 2019 availability reflected letters of credit associated with discontinued operations of $1.1 million. There were no letters of credit associated with discontinued operations as of September 30, 2020. We also had letters of credit and bank guarantees outstanding for $2.4 million, of which $0.8 million are in process of being transferred to the buyer of Movianto, and $1.6 million and $1.5 million as of September 30, 2020 and December 31, 2019, respectively, which supports certain leased facilities as well as other normal business activities in the United States and Europe. These letters of credit and guarantees were issued independent of the Credit Agreement. We also have a Security and Pledge Agreement (the Security Agreement) pursuant to which we granted collateral on behalf of the holders of the 2021 Notes, the holders of the 2024 Notes, and the parties secured under the Credit Agreement (the Secured Parties) including first priority liens and security interests in (a) all present and future shares of capital stock owned by the Credit Parties (as defined) in the Credit Parties’ present and future subsidiaries of each Credit Party and (b) all present and future personal property and assets of the Credit Parties, subject to certain exceptions. The Fifth Amendment to the Credit Agreement included additional collateral requirements if the Credit Parties, including an obligation to pledge our owned U.S. real estate and the remaining equity interests in foreign subsidiaries. On February 19, 2020, we entered into an accounts receivable securitization program (the Receivables Securitization Program). Pursuant to the Receivables Securitization Program the aggregate principal amount of the loans made by the Lenders (as defined) will not exceed $325 million outstanding at any time. The interest rate under the Receivables Securitization Program is based on a spread over the London Interbank Offered Rate (LIBOR) dependent on the tranche period thereto and any breakage fees accrued. Under the Receivables Securitization Program, certain of our subsidiaries sell substantially all of their accounts receivable balances to our wholly owned special purpose entity, O&M Funding LLC. The Receivables Securitization Program matures on February 17, 2023. Our Receivables Securitization Program has a “springing maturity date” with respect to the Term A Loans. If the outstanding balance of the Term A loans have not been paid in full as of the date 91 days prior to the maturity date of the Term A Loans, then the Scheduled Termination Date (as defined in the Receivables Financing Agreement) of the Receivables Securitization Program shall be the date that is 91 days prior to the maturity date of the Term A Loans. In February 2020, we drew $150 million from the Receivables Securitization Program to repay portions of the Term A Loans, consistent with the terms of the Fifth Amendment to the Credit Agreement. The Fifth Amendment to the Credit Agreement requires that any additional draws on the Receivables Securitization Program are restricted for use to repay the 2021 Notes or Term A loans to the extent those instruments are outstanding. The Credit Agreement, Receivables Securitization Program, and Senior Notes contain cross-default provisions which could result in the acceleration of payments due in the event of default of either agreement. The terms of the Credit Agreement also require the company to maintain ratios for leverage and interest coverage, including on a pro forma basis in the event of an acquisition or divestiture. We were in compliance with our debt covenants at September 30, 2020. As of September 30, 2020, scheduled future principal payments of debt were $12.4 million in 2020, $228.5 million in 2021, $218.8 million in 2022, $155.0 million in 2023, $251.0 million in 2024, and $468.8 million thereafter. Current maturities include scheduled principal payments within the next 12 months of $44.6 million and $5.0 million for our Term A and Term B Loans, respectively, $1.0 million in short-term finance leases, and $178.5 million related to our 2021 Notes.

Retirement Plans

Retirement Plans	9 Months Ended
	Sep. 30, 2020
Retirement Benefits [Abstract]
Retirement Plans	Retirement Plans We have a noncontributory, unfunded retirement plan for certain retirees in the United States. Certain of our foreign subsidiaries also have defined benefit pension plans covering substantially all of their respective employees. The components of net periodic benefit cost for the three and nine months ended September 30, 2020 and 2019, respectively, were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Service cost $ 362 $ 332 $ 1,073 $ 991 Interest cost 498 601 1,488 1,801 Recognized net actuarial loss 214 260 642 780 Net periodic benefit cost $ 1,074 $ 1,193 $ 3,203 $ 3,572

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	DerivativesWe are directly and indirectly affected by changes in foreign currency, which may adversely impact our financial performance and are referred to as “market risks.” When deemed appropriate, we use derivatives as a risk management tool to mitigate the potential impact of certain market risks. We do not enter into derivative financial instruments for trading purposes. We enter into foreign currency contracts to manage our foreign exchange exposure related to certain balance sheet items that do not meet the requirements for hedge accounting. These derivative instruments are adjusted to fair value at the end of each period through earnings. The gain or loss recorded on these instruments is substantially offset by the remeasurement adjustment on the foreign currency denominated asset or liability. We pay interest under our Credit Agreement and Receivables Securitization Program, which fluctuate based on changes in our benchmark interest rates. In order to mitigate the risk of increases in benchmark rates, we enter into interest rate swaps whereby we agree to exchange with the counterparty, at specified intervals, the difference between fixed and variable amounts calculated by reference to the notional amount. The interest rate swaps were designated as cash flow hedges. Cash flows related to the interest rate swap agreements are included in interest expense. We determine the fair value of our foreign currency derivatives and our interest rate swaps based on observable market-based inputs or unobservable inputs that are corroborated by market data. We do not view the fair value of our derivatives in isolation, but rather in relation to the fair values or cash flows of the underlying exposure. All derivatives are carried at fair value in our consolidated balance sheets in other assets, net and other liabilities. We consider the risk of counterparty default to be minimal. We report cash flows from our hedging instruments in the same cash flow statement category as the hedged items. The following table summarizes the terms and fair value of our outstanding derivative financial instruments as of September 30, 2020: Derivative Assets Derivative Liabilities Notional Amount Maturity Date Classification Fair Value Classification Fair Value Cash flow hedges Interest rate swaps $ 300,000 May 2022 and May 2025 Other assets, net $ — Other liabilities $ 19,807 Economic (non-designated) hedges Foreign currency contracts $ 28,900 October 2020 Other assets, net $ 149 Other liabilities $ — We terminated $150 million in notional value of interest rate swaps on September 30, 2020. The remaining balance of the fair value adjustments of $10.7 million, which related to these terminated interest rate swaps within accumulated other comprehensive loss, will be recognized in interest expense ratably over the remaining life of the Term B Loan. The following table summarizes the terms and fair value of our outstanding derivative financial instruments as of December 31, 2019: Derivative Assets Derivative Liabilities Notional Amount Maturity Date Classification Fair Value Classification Fair Value Cash flow hedges Interest rate swaps $ 450,000 May 2022 and May 2025 Other assets, net $ — Other liabilities $ 17,436 The following table summarizes the effect of cash flow hedge accounting on our consolidated statements of operations for the three and nine months ended September 30, 2020: Amount of Gain/(Loss) Recognized in Other Comprehensive Income (Loss) Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Total Amount of Income/(Expense) Line Items Presented in the Consolidated Statement of Operations in Which the Effects are Recorded Amount of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Interest rate swaps $ (515) $ (19,913) Interest expense, net $ (20,975) $ (65,923) $ (3,028) $ (6,889) The amount of ineffectiveness associated with these contracts was immaterial for the periods presented. The following table summarizes the effect of cash flow hedge accounting on our consolidated statements of operations for the three and nine months ended September 30, 2019: Amount of Gain/(Loss) Recognized in Other Comprehensive Loss Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Total Amount of Income/(Expense) Line Items Presented in the Consolidated Statement of Operations in Which the Effects are Recorded Amount of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Interest rate swaps $ (3,356) $ (15,933) Interest expense, net $ (24,050) $ (75,557) $ (632) $ (1,314) Foreign currency contracts $ (28) $ 608 Cost of goods sold $ (2,012,130) $ (6,176,537) $ 262 $ 319 The amount of ineffectiveness associated with these contracts was immaterial for the periods presented. For the three and nine months ended September 30, 2020, we recognized losses of $0.9 million and $2.3 million, respectively, associated with our economic (non-designated) foreign currency contracts. For the three and nine months ended September 30, 2019, we recognized gains of $0.1 million and $1.1 million, respectively, associated with our economic (non-designated) foreign currency contracts. We recorded the change in fair value of derivative instruments and the remeasurement adjustment of the foreign currency denominated asset or liability in other operating (income) expense, net for our foreign exchange contracts.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate was 13.8% and 9.4% for the three and nine months ended September 30, 2020, compared to (126.5)% and 17.8% in the same periods of 2019. The change in these rates resulted primarily from an income tax benefit recorded in the first and third quarters of 2020 associated with the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the mixture of income and losses in jurisdictions in which we operate, and the incremental income tax expense associated with the vesting of restricted stock. In addition, the provision for income taxes reflects an increase in our reserve for uncertain tax positions for the three and nine months ended September 30, 2020 in connection with the IRS’ audit of our 2015 and 2016 consolidated income tax returns described in the subsequent paragraph. The liability for unrecognized tax benefits was $22.5 million at September 30, 2020 and $11.5 million at December 31, 2019. Included in the liability at September 30, 2020 and December 31, 2019 were $1.9 million and $3.1 million, respectively, of tax positions for which ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. On August 26, 2020, we received a Notice of Proposed Adjustment (NOPA) from the Internal Revenue Services (IRS) regarding our 2015 and 2016 Consolidated Income Tax Returns. Within the NOPA, the IRS has asserted that our taxable income for 2015 and 2016 should be higher based on their assessment of the appropriate amount of taxable income that we should report in the United States in connection with our sourcing of products by our foreign subsidiaries for sale in the United

Net Income (Loss) per Common Sh

Net Income (Loss) per Common Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Net Loss per Common Share	Net Income (Loss) per Common Share The following summarizes the calculation of net income (loss) per common share attributable to common shareholders for the three and nine months ended September 30, 2020 and 2019: Three Months Ended September 30, Nine Months Ended (in thousands, except per share data) 2020 2019 2020 2019 Weighted average shares outstanding - basic 60,786 60,030 60,983 60,498 Dilutive shares 137 — — — Weighted average shares outstanding - diluted 60,923 60,030 60,983 60,498 Income (loss) from continuing operations $ 46,081 $ 3,420 $ 37,332 $ (17,233) Basic and diluted per share $ 0.76 $ 0.06 $ 0.61 $ (0.28) Loss from discontinued operations $ — $ (2,196) $ (58,203) $ (6,115) Basic and diluted per share $ — $ (0.04) $ (0.95) $ (0.11) Net income (loss) $ 46,081 $ 1,224 $ (20,871) $ (23,348) Basic and diluted per share $ 0.76 $ 0.02 $ (0.34) $ (0.39)

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Shareholders' Equity	Shareholders' EquityIn May 2020, we entered into an equity distribution agreement, pursuant to which we may offer and sell, from time to time, shares of our common stock having an aggregate offering price of up to $50 million. We intend to use the net proceeds from the sale of our securities offered by this program for the repayment of indebtedness and/or for general corporate and working capital purposes. As of September 30, 2020, no shares were issued and $50 million of common stock remained available under the at-the-market equity financing program.On October 6, 2020, we completed a follow-on equity offering as further described in Note 15 - Subsequent Events

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information We periodically evaluate our application of accounting guidance for reportable segments and disclose information about reportable segments based on the way management organizes the enterprise for making operating decisions and assessing performance. We report our business under two segments: Global Solutions and Global Products. The Global Solutions segment includes our United States distribution, outsourced logistics and value-added services business. Global Products manufactures and sources medical surgical products through our production and kitting operations. We evaluate the performance of our segments based on their operating income excluding intangible amortization, acquisition-related and exit and realignment charges, certain purchase price fair value adjustments, and other substantive items that, either as a result of their nature or size, would not be expected to occur as part of our normal business operations on a regular basis. Segment assets exclude inter-segment account balances as we believe their inclusion would be misleading and not meaningful. We believe all inter-segment sales are at prices that approximate market. The following tables present financial information by segment: Three Months Ended Nine Months Ended 2020 2019 2020 2019 Net revenue: Global Solutions $ 1,865,182 $ 2,047,379 $ 5,261,415 $ 6,305,448 Global Products 473,797 359,835 1,235,391 1,070,808 Total segment net revenue 2,338,979 2,407,214 6,496,806 7,376,256 Inter-segment revenue Global Products (151,051) (114,462) (378,466) (355,960) Total inter-segment revenue (151,051) (114,462) (378,466) (355,960) Consolidated net revenue $ 2,187,928 $ 2,292,752 $ 6,118,340 $ 7,020,296 Operating income: Global Solutions $ 10,972 $ 24,916 $ 8,522 $ 64,292 Global Products 89,923 16,897 160,268 42,570 Inter-segment eliminations (8,718) (243) (10,322) 774 Intangible amortization (10,242) (10,614) (31,463) (33,395) Acquisition-related and exit and realignment charges (6,382) (4,522) (18,500) (14,776) Other (1) — (324) — (853) Consolidated operating income $ 75,553 $ 26,110 $ 108,505 $ 58,612 Depreciation and amortization: Global Solutions $ 9,572 $ 11,477 $ 31,273 $ 31,756 Global Products 11,118 13,128 38,221 40,982 Discontinued operations — 4,697 — 15,466 Consolidated depreciation and amortization $ 20,690 $ 29,302 $ 69,494 $ 88,204 Capital expenditures: Global Solutions $ 3,582 $ 2,743 $ 7,545 $ 7,280 Global Products 10,656 6,791 15,808 13,574 Discontinued operations — 3,087 3,027 17,298 Consolidated capital expenditures $ 14,238 $ 12,621 $ 26,380 $ 38,152 (1) 2019 included interest cost and net actuarial losses related to the U.S. Retirement Plan as well as Software as a Service (SaaS) implementation costs associated with the upgrading of our global IT platforms in connection with the redesign of our global information system strategy. September 30, 2020 December 31, 2019 Total assets: Global Solutions $ 2,161,158 $ 2,205,134 Global Products 1,058,701 930,937 Segment assets 3,219,859 3,136,071 Discontinued operations — 439,983 Cash and cash equivalents 77,256 67,030 Consolidated total assets $ 3,297,115 $ 3,643,084 The following table presents net revenue by geographic area, which were attributed based on the location from which we ship products or provide services. Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Net revenue: United States $ 2,101,074 $ 2,200,284 $ 5,872,143 $ 6,774,965 International 86,854 92,468 246,197 245,331 Consolidated net revenue $ 2,187,928 $ 2,292,752 $ 6,118,340 $ 7,020,296

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework— Changes to the Disclosure Requirements for Fair Value Measurement. This ASU modifies the disclosure requirements for fair value measurements by removing the requirement to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of such transfers. This ASU expands the disclosure requirements for Level 3 fair value measurements, primarily focused on changes in unrealized gains and losses included in other comprehensive income (loss). We adopted ASU No. 2018-13 effective beginning January 1, 2020. Its adoption did not have a material impact on our consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans. ASU 2018-14 removes disclosures that no longer are considered cost beneficial, clarifies the specific requirements of disclosures and adds disclosure requirements identified as relevant for companies with defined benefit retirement plans. The amendments in ASU No. 2018-14 are effective for fiscal years ending after December 15, 2020 and we do not expect this to have a material impact on our consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other (Topic 350): Internal-Use Software. This standard aligns the requirements for capitalizing implementation costs incurred in a cloud computing arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. We adopted ASU No. 2018-15 effective beginning January 1, 2020. Its adoption did not have a material impact on our consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. ASU No. 2019-12 is effective for fiscal years beginning after December 15, 2020. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. We do not expect this to have a material impact on our consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-03, Codification Improvements to Financial Instruments. The Standard is part of FASB’s ongoing project to improve and clarify its Accounting Standards Codification and avoid unintended application. The items addressed are not expected to significantly affect current practice or create a significant administrative cost for most entities. The amendment is divided into issues 1 to 7 with different effective dates as follows: The amendments related to Issue 1, Issue 2, Issue 4, and Issue 5 are conforming amendments. The amendments are effective upon issuance of this update. The amendment related to Issue 3 is a conforming amendment that affects the guidance related to the amendments in ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The effective date of this update for the amendments to ASU No. 2016-01 is for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The amendments related to Issue 6 and Issue 7 affect the guidance in the amendments in ASU No. 2016-13, Financial 5 Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. For entities that have not yet adopted the amendments related to ASU No. 2016-13, the effective dates and the transition requirements for these amendments are the same as the effective date and transition requirements in ASU No. 2016-13, which will be effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We adopted ASU No. 2020-03 effective beginning January 1, 2020 for Issues 1 through 5. Its adoption did not have a material impact on our consolidated financial statements. We are currently evaluating the potential impact of adopting this guidance for Issues 6 and 7 on our consolidated financial statements and disclosures. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments are effective for all entities as of March 12, 2020 through December 31, 2022. We do not expect this to have a material impact on our consolidated financial statements.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 6, 2020, we completed a follow-on equity offering wherein we sold an aggregate of 8,475,000 shares of our common stock at an offering price of $20.50, resulting in net proceeds to us of approximately $165 million, after deducting expenses relating to the follow-on equity offering, including the underwriters’ discounts and commissions. Pursuant to the underwriting agreement, we granted the underwriters an option to purchase up to an additional 1,271,250 shares of our common stock, which the underwriters exercised in full. Inclusive of this exercised option, net proceeds to us were approximately $190 million, after deducting expenses relating to the follow-on equity offering, including the underwriters’ discounts and commissions. We used the proceeds from the follow-on equity offering to repay the remaining $109 million outstanding balance of Term Loan A-1 at par on October 8, 2020, to repay $52 million of our Term Loan A-2 at par on October 15, 2020, and to repay $30 million of borrowings under the revolving credit facility. On October 30, 2020, we issued a notice of redemption to redeem all of our outstanding 2021 Notes on November 30, 2020 (the “Redemption Date”). The redemption price will include accrued and unpaid interest to, but not including, the Redemption Date, and a redemption premium, equal to the greater of (i) 100% of the principal amount of the 2021 Notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements include the accounts of Owens & Minor, Inc. and the subsidiaries it controls (we, us, or our) and contain all adjustments (which are comprised only of normal recurring accruals and use of estimates) necessary to conform with U.S. generally accepted accounting principles (GAAP). All significant intercompany accounts and transactions have been eliminated. The Movianto business
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires us to make assumptions and estimates that affect reported amounts and related disclosures. Actual results may differ from these estimates.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash, cash equivalents and restricted cash includes cash and marketable securities with an original maturity or maturity at acquisition of three months or less. Cash, cash equivalents and restricted cash are stated at cost. Nearly all of our cash, cash equivalents and restricted cash are held in cash depository accounts in major banks in the United States, Europe, and Asia. Cash that is held by a major bank and has restrictions on its availability to us is classified as restricted cash. Restricted cash included in other current assets represents cash held in a designated account as of September 30, 2020 as required by the Fifth Amendment to the Credit Agreement, which stipulates that the cash held within this account is to be used to repay the 2021 Notes or the Term Loans. Restricted cash included in Other assets, net as of September 30, 2020 represents cash
Fair Value	The carrying amounts of cash and cash equivalents, accounts receivable and accounts payable reported in the consolidated balance sheets approximate fair value due to the short-term nature of these instruments. The carrying amount of restricted cash also approximates fair value due to its nature. The fair value of debt is estimated based on quoted market prices or dealer quotes for the identical liability when traded as an asset in an active market (Level 1) or, if quoted market prices or dealer quotes are not available, on the borrowing rates currently available for loans with similar terms, credit ratings, and average remaining maturities (Level 2). See Note 6 for the fair value of debt. The fair value of interest rate swaps and foreign currency contracts is determined based on the present value of expected future cash flows considering the risks involved, including non-performance risk, and using discount rates appropriate for the respective maturities. Observable Level 2 inputs are used to determine the present value of expected future cash flows. See Note 8 for the fair value of derivatives.
Segment Reporting	We periodically evaluate our application of accounting guidance for reportable segments and disclose information about reportable segments based on the way management organizes the enterprise for making operating decisions and assessing performance. We report our business under two segments: Global Solutions and Global Products. The Global Solutions segment includes our United States distribution, outsourced logistics and value-added services business. Global Products manufactures and sources medical surgical products through our production and kitting operations. We evaluate the performance of our segments based on their operating income excluding intangible amortization, acquisition-related and exit and realignment charges, certain purchase price fair value adjustments, and other substantive items that, either as a result of their nature or size, would not be expected to occur as part of our normal business operations on a regular basis.
Recent Accounting Pronouncements	In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework— Changes to the Disclosure Requirements for Fair Value Measurement. This ASU modifies the disclosure requirements for fair value measurements by removing the requirement to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy and the policy for timing of such transfers. This ASU expands the disclosure requirements for Level 3 fair value measurements, primarily focused on changes in unrealized gains and losses included in other comprehensive income (loss). We adopted ASU No. 2018-13 effective beginning January 1, 2020. Its adoption did not have a material impact on our consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans. ASU 2018-14 removes disclosures that no longer are considered cost beneficial, clarifies the specific requirements of disclosures and adds disclosure requirements identified as relevant for companies with defined benefit retirement plans. The amendments in ASU No. 2018-14 are effective for fiscal years ending after December 15, 2020 and we do not expect this to have a material impact on our consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other (Topic 350): Internal-Use Software. This standard aligns the requirements for capitalizing implementation costs incurred in a cloud computing arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. We adopted ASU No. 2018-15 effective beginning January 1, 2020. Its adoption did not have a material impact on our consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. ASU No. 2019-12 is effective for fiscal years beginning after December 15, 2020. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. We do not expect this to have a material impact on our consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-03, Codification Improvements to Financial Instruments. The Standard is part of FASB’s ongoing project to improve and clarify its Accounting Standards Codification and avoid unintended application. The items addressed are not expected to significantly affect current practice or create a significant administrative cost for most entities. The amendment is divided into issues 1 to 7 with different effective dates as follows: The amendments related to Issue 1, Issue 2, Issue 4, and Issue 5 are conforming amendments. The amendments are effective upon issuance of this update. The amendment related to Issue 3 is a conforming amendment that affects the guidance related to the amendments in ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The effective date of this update for the amendments to ASU No. 2016-01 is for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The amendments related to Issue 6 and Issue 7 affect the guidance in the amendments in ASU No. 2016-13, Financial 5 Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. For entities that have not yet adopted the amendments related to ASU No. 2016-13, the effective dates and the transition requirements for these amendments are the same as the effective date and transition requirements in ASU No. 2016-13, which will be effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We adopted ASU No. 2020-03 effective beginning January 1, 2020 for Issues 1 through 5. Its adoption did not have a material impact on our consolidated financial statements. We are currently evaluating the potential impact of adopting this guidance for Issues 6 and 7 on our consolidated financial statements and disclosures. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments are effective for all entities as of March 12, 2020 through December 31, 2022. We do not expect this to have a material impact on our consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - (Tables)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the accompanying consolidated balance sheets that sum to the total of those same amounts presented in the accompanying consolidated statements of cash flows. September 30, 2020 December 31, 2019 Cash and cash equivalents $ 77,256 $ 67,030 Restricted cash included in Other current assets 133,899 — Restricted cash included in Other assets, net 16,324 16,261 Cash of discontinued operations — 1,396 Total cash, cash equivalents and restricted cash $ 227,479 $ 84,687
Schedule of Restrictions on Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the accompanying consolidated balance sheets that sum to the total of those same amounts presented in the accompanying consolidated statements of cash flows. September 30, 2020 December 31, 2019 Cash and cash equivalents $ 77,256 $ 67,030 Restricted cash included in Other current assets 133,899 — Restricted cash included in Other assets, net 16,324 16,261 Cash of discontinued operations — 1,396 Total cash, cash equivalents and restricted cash $ 227,479 $ 84,687

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	The following table summarizes the financial results of our discontinued operations for the three and nine months ended September 30, 2020 and 2019: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Net revenue $ — $ 106,265 $ 226,759 $ 324,308 Cost of goods sold — 24,399 53,923 78,729 Gross margin — 81,866 172,836 245,579 Distribution, selling, and administrative expenses — 81,565 157,512 245,562 Loss on divestiture — — 65,472 — Acquisition-related and exit and realignment charges — 383 4,825 774 Other operating income, net — (20) (388) (492) Operating loss — (62) (54,585) (265) Interest expense, net — 1,887 3,144 5,162 Loss from discontinued operations before income taxes — (1,949) (57,729) (5,427) Income tax provision from discontinued operations — 247 474 688 Loss from discontinued operations, net of tax $ — $ (2,196) $ (58,203) $ (6,115) We suspended depreciation and amortization on assets that are held-for-sale, including right-of-use assets recorded in accordance with ASU No. 2016-02, for the nine months ended September 30, 2020. All revenue and expense included in discontinued operations during the nine months ended September 30, 2020 relates to activity through the Divestiture Date. No revenue or expense have been recorded in discontinued operations related to the disposal group subsequent to the Divestiture Date. We have entered into transition services agreements with a subsidiary of the Buyer, pursuant to which we and a subsidiary of the Buyer will provide to each other various transitional services. Certain transition service arrangement costs and reimbursements were recorded during the three and nine months ended September 30, 2020. These amounts were immaterial for the three and nine months ended September 30, 2020. The assets and liabilities of the discontinued Movianto business reflected on the consolidated balance sheet at December 31, 2019 were as follows: December 31, 2019 Assets of discontinued operations Cash and cash equivalents $ 1,396 Accounts receivable, net 78,643 Merchandise inventories 16,058 Other current assets 188,853 Current assets of discontinued operations 284,950 Property and equipment, net 65,710 Intangible assets, net 6,579 Other assets, net 27,431 Operating lease assets 87,425 Valuation allowance on disposal group classified as held-for-sale (32,112) Total assets of discontinued operations $ 439,983 Liabilities of discontinued operations Accounts payable $ 53,981 Other current liabilities 182,980 Current liabilities of discontinued operations 236,961 Long-term debt, excluding current portion 5,523 Operating lease liabilities, excluding current portion 76,270 Other liabilities 4,757 Total liabilities of discontinued operations $ 323,511 September 30, 2020 September 30, 2019 Operating Activities: Depreciation and amortization $ — $ 15,466 Loss on divestiture 65,472 — Investing Activities: Capital expenditures 3,027 17,298

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in carrying amount of goodwill	The following table summarizes the goodwill balances by segment and the changes in the carrying amount of goodwill through September 30, 2020: Global Solutions Global Products Consolidated Carrying amount of goodwill, December 31, 2019 $ 283,905 $ 109,276 $ 393,181 Currency translation adjustments — (2,786) (2,786) Carrying amount of goodwill, September 30, 2020 $ 283,905 $ 106,490 $ 390,395
Intangible assets	Intangible assets at September 30, 2020 and December 31, 2019 were as follows: September 30, 2020 December 31, 2019 Customer Tradenames Other Customer Tradenames Other Gross intangible assets $ 268,179 $ 90,000 $ 43,238 $ 270,693 $ 90,000 $ 43,055 Accumulated amortization (113,999) (22,791) (13,012) (92,947) (16,520) (9,263) Net intangible assets $ 154,180 $ 67,209 $ 30,226 $ 177,746 $ 73,480 $ 33,792 Weighted average useful life 10 years 11 years 8 years 10 years 11 years 8 years

Exit and Realignment Costs (Tab

Exit and Realignment Costs (Tables)	9 Months Ended
	Sep. 30, 2020
Restructuring and Related Activities [Abstract]
Summary of exit and realignment charges by segment	Exit and realignment charges by segment for the three and nine months ended September 30, 2020 and 2019 were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Global Solutions segment $ 2,714 $ 969 $ 6,255 $ 3,149 Global Products segment 2,877 11 3,364 252 Total exit and realignment charges $ 5,591 $ 980 $ 9,619 $ 3,401
Schedule of restructuring and related costs accrual activity	The following table summarizes the activity related to exit and realignment cost accruals through September 30, 2020 and 2019: Total Accrued exit and realignment costs, December 31, 2019 $ 8,162 Provision for exit and realignment activities: Severance 1,391 Information system restructuring costs 183 Other 255 Cash payments (5,799) Accrued exit and realignment costs, March 31, 2020 4,192 Provision for exit and realignment activities: Severance 809 Information system restructuring costs 671 Other 720 Cash payments (2,072) Accrued exit and realignment costs, June 30, 2020 4,320 Provision for exit and realignment activities: Severance 1,950 Information system restructuring costs 77 Other 3,564 Cash payments (7,083) Accrued exit and realignment costs, September 30, 2020 $ 2,828 Accrued exit and realignment costs, December 31, 2018 $ 7,477 Provision for exit and realignment activities: Severance 360 Information system restructuring costs 261 Other 83 Cash payments (2,206) Accrued exit and realignment costs, March 31, 2019 5,975 Provision for exit and realignment activities: Severance 1,008 Information system restructuring costs 705 Other 4 Cash payments (2,301) Accrued exit and realignment costs, June 30, 2019 5,391 Provision for exit and realignment activities: Severance 305 Information system restructuring costs 664 Other 11 Cash payments (2,586) Accrued exit and realignment costs, September 30, 2019 $ 3,785

Debt - (Tables)

Debt - (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of debt	Debt consists of the following: September 30, 2020 December 31, 2019 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value 3.875% Senior Notes, due September 2021 $ 178,485 $ 180,307 $ 236,234 $ 229,356 4.375% Senior Notes, due December 2024 244,697 245,122 273,978 212,086 Term A Loans, due July 2022 196,489 199,619 377,420 383,050 Term B Loan, due April 2025 478,127 475,913 480,337 442,217 Revolver 70,000 70,000 177,900 177,900 Receivables Securitization Program 147,580 150,000 — — Finance leases and other 13,371 13,371 13,783 13,783 Total debt 1,328,749 1,334,332 1,559,652 1,458,392 Less current maturities (229,104) (230,784) (51,237) (51,237) Long-term debt $ 1,099,645 $ 1,103,548 $ 1,508,415 $ 1,407,155

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
	Sep. 30, 2020
Retirement Benefits [Abstract]
Schedule of components of net periodic benefit cost for domestic retirement plan	The components of net periodic benefit cost for the three and nine months ended September 30, 2020 and 2019, respectively, were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Service cost $ 362 $ 332 $ 1,073 $ 991 Interest cost 498 601 1,488 1,801 Recognized net actuarial loss 214 260 642 780 Net periodic benefit cost $ 1,074 $ 1,193 $ 3,203 $ 3,572

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments	The following table summarizes the terms and fair value of our outstanding derivative financial instruments as of September 30, 2020: Derivative Assets Derivative Liabilities Notional Amount Maturity Date Classification Fair Value Classification Fair Value Cash flow hedges Interest rate swaps $ 300,000 May 2022 and May 2025 Other assets, net $ — Other liabilities $ 19,807 Economic (non-designated) hedges Foreign currency contracts $ 28,900 October 2020 Other assets, net $ 149 Other liabilities $ — We terminated $150 million in notional value of interest rate swaps on September 30, 2020. The remaining balance of the fair value adjustments of $10.7 million, which related to these terminated interest rate swaps within accumulated other comprehensive loss, will be recognized in interest expense ratably over the remaining life of the Term B Loan. The following table summarizes the terms and fair value of our outstanding derivative financial instruments as of December 31, 2019: Derivative Assets Derivative Liabilities Notional Amount Maturity Date Classification Fair Value Classification Fair Value Cash flow hedges Interest rate swaps $ 450,000 May 2022 and May 2025 Other assets, net $ — Other liabilities $ 17,436
Schedule of cash flow hedges included in accumulated other comprehensive income (loss)	The following table summarizes the effect of cash flow hedge accounting on our consolidated statements of operations for the three and nine months ended September 30, 2020: Amount of Gain/(Loss) Recognized in Other Comprehensive Income (Loss) Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Total Amount of Income/(Expense) Line Items Presented in the Consolidated Statement of Operations in Which the Effects are Recorded Amount of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Interest rate swaps $ (515) $ (19,913) Interest expense, net $ (20,975) $ (65,923) $ (3,028) $ (6,889) The amount of ineffectiveness associated with these contracts was immaterial for the periods presented. The following table summarizes the effect of cash flow hedge accounting on our consolidated statements of operations for the three and nine months ended September 30, 2019: Amount of Gain/(Loss) Recognized in Other Comprehensive Loss Location of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Total Amount of Income/(Expense) Line Items Presented in the Consolidated Statement of Operations in Which the Effects are Recorded Amount of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Interest rate swaps $ (3,356) $ (15,933) Interest expense, net $ (24,050) $ (75,557) $ (632) $ (1,314) Foreign currency contracts $ (28) $ 608 Cost of goods sold $ (2,012,130) $ (6,176,537) $ 262 $ 319 The amount of ineffectiveness associated with these contracts was immaterial for the periods presented.

Net Income (Loss) per Common _2

Net Income (Loss) per Common Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Summary of calculation of net loss per common share	The following summarizes the calculation of net income (loss) per common share attributable to common shareholders for the three and nine months ended September 30, 2020 and 2019: Three Months Ended September 30, Nine Months Ended (in thousands, except per share data) 2020 2019 2020 2019 Weighted average shares outstanding - basic 60,786 60,030 60,983 60,498 Dilutive shares 137 — — — Weighted average shares outstanding - diluted 60,923 60,030 60,983 60,498 Income (loss) from continuing operations $ 46,081 $ 3,420 $ 37,332 $ (17,233) Basic and diluted per share $ 0.76 $ 0.06 $ 0.61 $ (0.28) Loss from discontinued operations $ — $ (2,196) $ (58,203) $ (6,115) Basic and diluted per share $ — $ (0.04) $ (0.95) $ (0.11) Net income (loss) $ 46,081 $ 1,224 $ (20,871) $ (23,348) Basic and diluted per share $ 0.76 $ 0.02 $ (0.34) $ (0.39)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Changes in accumulated other comprehensive income (loss) by component	The following table shows the changes in accumulated other comprehensive loss by component for the three and nine months ended September 30, 2020 and 2019: Retirement Plans Currency Derivatives Total Accumulated other comprehensive loss, June 30, 2020 $ (13,926) $ (23,471) $ (24,188) $ (61,585) Other comprehensive income (loss) before reclassifications — 5,173 (516) 4,657 Income tax — — 40 40 Other comprehensive income (loss) before reclassifications, net of tax — 5,173 (476) 4,697 Amounts reclassified from accumulated other comprehensive loss 214 — 3,028 3,242 Income tax (47) — (871) (918) Amounts reclassified from accumulated other comprehensive loss, net of tax 167 — 2,157 2,324 Other comprehensive income 167 5,173 1,681 7,021 Accumulated other comprehensive loss, September 30, 2020 $ (13,759) $ (18,298) $ (22,507) $ (54,564) Retirement Plans Currency Translation Adjustments Derivatives Total Accumulated other comprehensive loss, June 30, 2019 $ (7,752) $ (29,306) $ (12,590) $ (49,648) Other comprehensive loss before reclassifications — (9,038) (3,384) (12,422) Income tax — — 1,314 1,314 Other comprehensive loss before reclassifications, net of tax — (9,038) (2,070) (11,108) Amounts reclassified from accumulated other comprehensive loss 260 — 370 630 Income tax (61) — (89) (150) Amounts reclassified from accumulated other comprehensive loss, net of tax 199 — 281 480 Other comprehensive income (loss) 199 (9,038) (1,789) (10,628) Accumulated other comprehensive loss, September 30, 2019 $ (7,553) $ (38,344) $ (14,379) $ (60,276) Retirement Plans Currency Translation Adjustments Derivatives Total Accumulated other comprehensive loss, December 31, 2019 $ (14,691) $ (25,301) $ (12,715) $ (52,707) Other comprehensive loss before reclassifications — (8,577) (19,913) (28,490) Income tax — — 5,113 5,113 Other comprehensive loss before reclassifications, net of tax — (8,577) (14,800) (23,377) Amounts reclassified from accumulated other comprehensive loss 1,067 15,580 6,889 23,536 Income tax (135) — (1,881) (2,016) Amounts reclassified from accumulated other comprehensive loss, net of tax 932 15,580 5,008 21,520 Other comprehensive income (loss) 932 7,003 (9,792) (1,857) Accumulated other comprehensive loss, September 30, 2020 $ (13,759) $ (18,298) $ (22,507) $ (54,564) Retirement Plans Currency Derivatives Total Accumulated other comprehensive loss, December 31, 2018 $ (8,146) $ (32,551) $ (4,915) $ (45,612) Other comprehensive loss before reclassifications — (5,793) (15,325) (21,118) Income tax — — 5,204 5,204 Other comprehensive loss before reclassifications, net of tax — (5,793) (10,121) (15,914) Amounts reclassified from accumulated other comprehensive loss 780 — 995 1,775 Income tax (187) — (338) (525) Amounts reclassified from accumulated other comprehensive loss, net of tax 593 — 657 1,250 Other comprehensive income (loss) 593 (5,793) (9,464) (14,664) Accumulated other comprehensive loss, September 30, 2019 $ (7,553) $ (38,344) $ (14,379) $ (60,276)

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Financial information by segment	The following tables present financial information by segment: Three Months Ended Nine Months Ended 2020 2019 2020 2019 Net revenue: Global Solutions $ 1,865,182 $ 2,047,379 $ 5,261,415 $ 6,305,448 Global Products 473,797 359,835 1,235,391 1,070,808 Total segment net revenue 2,338,979 2,407,214 6,496,806 7,376,256 Inter-segment revenue Global Products (151,051) (114,462) (378,466) (355,960) Total inter-segment revenue (151,051) (114,462) (378,466) (355,960) Consolidated net revenue $ 2,187,928 $ 2,292,752 $ 6,118,340 $ 7,020,296 Operating income: Global Solutions $ 10,972 $ 24,916 $ 8,522 $ 64,292 Global Products 89,923 16,897 160,268 42,570 Inter-segment eliminations (8,718) (243) (10,322) 774 Intangible amortization (10,242) (10,614) (31,463) (33,395) Acquisition-related and exit and realignment charges (6,382) (4,522) (18,500) (14,776) Other (1) — (324) — (853) Consolidated operating income $ 75,553 $ 26,110 $ 108,505 $ 58,612 Depreciation and amortization: Global Solutions $ 9,572 $ 11,477 $ 31,273 $ 31,756 Global Products 11,118 13,128 38,221 40,982 Discontinued operations — 4,697 — 15,466 Consolidated depreciation and amortization $ 20,690 $ 29,302 $ 69,494 $ 88,204 Capital expenditures: Global Solutions $ 3,582 $ 2,743 $ 7,545 $ 7,280 Global Products 10,656 6,791 15,808 13,574 Discontinued operations — 3,087 3,027 17,298 Consolidated capital expenditures $ 14,238 $ 12,621 $ 26,380 $ 38,152 (1) 2019 included interest cost and net actuarial losses related to the U.S. Retirement Plan as well as Software as a Service (SaaS) implementation costs associated with the upgrading of our global IT platforms in connection with the redesign of our global information system strategy.
Consolidated total assets	September 30, 2020 December 31, 2019 Total assets: Global Solutions $ 2,161,158 $ 2,205,134 Global Products 1,058,701 930,937 Segment assets 3,219,859 3,136,071 Discontinued operations — 439,983 Cash and cash equivalents 77,256 67,030 Consolidated total assets $ 3,297,115 $ 3,643,084
Schedule of revenue from external customers and long-lived assets, by geographical	The following table presents net revenue by geographic area, which were attributed based on the location from which we ship products or provide services. Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Net revenue: United States $ 2,101,074 $ 2,200,284 $ 5,872,143 $ 6,774,965 International 86,854 92,468 246,197 245,331 Consolidated net revenue $ 2,187,928 $ 2,292,752 $ 6,118,340 $ 7,020,296

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Cash and cash equivalents	$ 77,256	$ 67,030
Restricted cash included in Other current assets	133,899	0
Restricted cash included in Other assets, net	16,324	16,261
Cash of discontinued operations	0	1,396
Total cash, cash equivalents and restricted cash	$ 227,479	$ 84,687	$ 113,003	$ 103,367

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - Movianto - Discontinued Operations, Held-for-sale - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Jun. 18, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash consideration		$ 133
Expected working capital adjustment	$ 42

Discontinued Operations - Summa

Discontinued Operations - Summary of Financial Results of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on divestiture			$ 65,472	$ 0
Loss from discontinued operations, net of tax	$ 0	$ (2,196)	(58,203)	(6,115)
Movianto | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenue	0	106,265	226,759	324,308
Cost of goods sold	0	24,399	53,923	78,729
Gross margin	0	81,866	172,836	245,579
Distribution, selling, and administrative expenses	0	81,565	157,512	245,562
Loss on divestiture	0	0	65,472	0
Acquisition-related and exit and realignment charges	0	383	4,825	774
Other operating income, net	0	(20)	(388)	(492)
Operating loss	0	(62)	(54,585)	(265)
Interest expense, net	0	1,887	3,144	5,162
Loss from discontinued operations before income taxes	0	(1,949)	(57,729)	(5,427)
Income tax provision from discontinued operations	0	247	474	688
Loss from discontinued operations, net of tax	$ 0	$ (2,196)	$ (58,203)	$ (6,115)

Discontinued Operations - Sum_2

Discontinued Operations - Summary of Discontinued Operations on the Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets of discontinued operations
Current assets of discontinued operations	$ 0	$ 439,983
Total assets of discontinued operations	0	439,983
Liabilities of discontinued operations
Current liabilities of discontinued operations	$ 0	323,511
Movianto | Discontinued Operations, Held-for-sale
Assets of discontinued operations
Cash and cash equivalents		1,396
Accounts receivable, net		78,643
Merchandise inventories		16,058
Other current assets		188,853
Current assets of discontinued operations		284,950
Property and equipment, net		65,710
Intangible assets, net		6,579
Other assets, net		27,431
Operating lease assets		87,425
Valuation allowance on disposal group classified as held-for-sale		(32,112)
Total assets of discontinued operations		439,983
Liabilities of discontinued operations
Accounts payable		53,981
Other current liabilities		182,980
Current liabilities of discontinued operations		236,961
Long-term debt, excluding current portion		5,523
Operating lease liabilities, excluding current portion		76,270
Other liabilities		4,757
Total liabilities of discontinued operations		$ 323,511

Discontinued Operations - Sched

Discontinued Operations - Schedule of Cash Flow Information for Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Operating Activities:
Depreciation and amortization	$ 0	$ 4,697	$ 0	$ 15,466
Loss on divestiture			65,472	0
Investing Activities:
Capital expenditures	0	3,087	3,027	17,298
Movianto | Discontinued Operations, Held-for-sale
Operating Activities:
Depreciation and amortization			0	15,466
Loss on divestiture	$ 0	$ 0	65,472	0
Investing Activities:
Capital expenditures			$ 3,027	$ 17,298

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Changes in Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)
Goodwill [Roll Forward]
Carrying amount of goodwill, December 31, 2019	$ 393,181
Currency translation adjustments	(2,786)
Carrying amount of goodwill, September 30, 2020	390,395
Global Solutions
Goodwill [Roll Forward]
Carrying amount of goodwill, December 31, 2019	283,905
Currency translation adjustments	0
Carrying amount of goodwill, September 30, 2020	283,905
Global Products
Goodwill [Roll Forward]
Carrying amount of goodwill, December 31, 2019	109,276
Currency translation adjustments	(2,786)
Carrying amount of goodwill, September 30, 2020	$ 106,490

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Net intangible assets	$ 251,615	$ 285,018
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	268,179	270,693
Accumulated amortization	(113,999)	(92,947)
Net intangible assets	$ 154,180	$ 177,746
Weighted average useful life (in years)	10 years	10 years
Tradenames
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	$ 90,000	$ 90,000
Accumulated amortization	(22,791)	(16,520)
Net intangible assets	$ 67,209	$ 73,480
Weighted average useful life (in years)	11 years	11 years
Other Intangibles
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	$ 43,238	$ 43,055
Accumulated amortization	(13,012)	(9,263)
Net intangible assets	$ 30,226	$ 33,792
Weighted average useful life (in years)	8 years	8 years

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 251,615		$ 251,615		$ 285,018
Amortization expense for intangible assets	10,200	$ 10,600	31,500	$ 33,400
Estimated amortization expense for the remainder of 2020	10,400		10,400
Estimated amortization expense for 2021	39,800		39,800
Estimated amortization expense for 2022	38,900		38,900
Estimated amortization expense for 2023	38,700		38,700
Estimated amortization expense for 2024	33,900		33,900
Estimated amortization expense for 2025	28,200		28,200
Global Solutions
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	67,200		67,200
Global Products
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 184,400		$ 184,400

Exit and Realignment Costs - Ad

Exit and Realignment Costs - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Restructuring Cost and Reserve [Line Items]
Exit and realignment charges	$ 5,591	$ 980	$ 9,619	$ 3,401
Acquisition-related and exit and realignment charges	6,382	4,522	18,500	14,776
Exit and Realignment Charges
Restructuring Cost and Reserve [Line Items]
Acquisition-related and exit and realignment charges	800	3,500	8,900	11,400
Global Solutions
Restructuring Cost and Reserve [Line Items]
Exit and realignment charges	2,714	969	6,255	3,149
Global Products
Restructuring Cost and Reserve [Line Items]
Exit and realignment charges	$ 2,877	$ 11	$ 3,364	$ 252

Exit and Realignment Costs - Ac

Exit and Realignment Costs - Accrual for Exit and Realignment Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Restructuring Reserve [Roll Forward]
Accrued exit and realignment costs, beginning of period	$ 4,320	$ 4,192	$ 8,162	$ 5,391	$ 5,975	$ 7,477
Cash payments	(7,083)	(2,072)	(5,799)	(2,586)	(2,301)	(2,206)
Accrued exit and realignment costs, end of period	2,828	4,320	4,192	3,785	5,391	5,975
Severance
Restructuring Reserve [Roll Forward]
Provision for exit and realignment activities:	1,950	809	1,391	305	1,008	360
Information system restructuring costs
Restructuring Reserve [Roll Forward]
Provision for exit and realignment activities:	77	671	183	664	705	261
Other
Restructuring Reserve [Roll Forward]
Provision for exit and realignment activities:	$ 3,564	$ 720	$ 255	$ 11	$ 4	$ 83

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Senior Notes | 2021 Notes
Debt Instrument [Line Items]
Interest rate of debt	3.875%
Senior Notes | 2024 Notes
Debt Instrument [Line Items]
Interest rate of debt	4.375%
Carrying Amount
Debt Instrument [Line Items]
Total debt	$ 1,328,749	$ 1,559,652
Less current maturities	(229,104)	(51,237)
Long-term debt	1,099,645	1,508,415
Carrying Amount | Finance leases and other
Debt Instrument [Line Items]
Total debt	13,371	13,783
Carrying Amount | Senior Notes | 3.875% Senior Notes, due September 2021
Debt Instrument [Line Items]
Total debt	178,485	236,234
Carrying Amount | Senior Notes | 4.375% Senior Notes, due December 2024
Debt Instrument [Line Items]
Total debt	244,697	273,978
Carrying Amount | Term Loan | Term A Loans, due July 2022
Debt Instrument [Line Items]
Total debt	196,489	377,420
Carrying Amount | Term Loan | Term B Loan, due April 2025
Debt Instrument [Line Items]
Total debt	478,127	480,337
Carrying Amount | Revolver | Revolver
Debt Instrument [Line Items]
Total debt	70,000	177,900
Carrying Amount | Secured Debt | Receivables Securitization Program
Debt Instrument [Line Items]
Total debt	147,580	0
Estimated Fair Value
Debt Instrument [Line Items]
Total debt	1,334,332	1,458,392
Less current maturities	(230,784)	(51,237)
Long-term debt	1,103,548	1,407,155
Estimated Fair Value | Finance leases and other
Debt Instrument [Line Items]
Total debt	13,371	13,783
Estimated Fair Value | Senior Notes | 3.875% Senior Notes, due September 2021
Debt Instrument [Line Items]
Total debt	180,307	229,356
Estimated Fair Value | Senior Notes | 4.375% Senior Notes, due December 2024
Debt Instrument [Line Items]
Total debt	245,122	212,086
Estimated Fair Value | Term Loan | Term A Loans, due July 2022
Debt Instrument [Line Items]
Total debt	199,619	383,050
Estimated Fair Value | Term Loan | Term B Loan, due April 2025
Debt Instrument [Line Items]
Total debt	475,913	442,217
Estimated Fair Value | Revolver | Revolver
Debt Instrument [Line Items]
Total debt	70,000	177,900
Estimated Fair Value | Secured Debt | Receivables Securitization Program
Debt Instrument [Line Items]
Total debt	$ 150,000	$ 0

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	Oct. 15, 2020	Jul. 02, 2020	Sep. 30, 2020	Sep. 30, 2019	Feb. 29, 2020	Feb. 19, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Repayments of debt			$ 270,399,000	$ 40,700,000
Proceeds from divestiture			133,000,000	$ 0
Short-term finance leases			1,000,000
Discontinued Operations, Held-for-sale | Movianto
Debt Instrument [Line Items]
Proceeds from divestiture			78,900,000
Revolver
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 400,000,000
Debt convent, springing maturity date, period			91 days
Borrowings outstanding			$ 70,000,000				$ 177,900,000
Remaining borrowing capacity			316,100,000				209,300,000
Revolver | Subsequent Event
Debt Instrument [Line Items]
Repayments of debt	$ 30,000,000
Term Loan
Debt Instrument [Line Items]
Long-term debt, outstanding			675,000,000
Replaced Line of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount			2,400,000
2021 Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount			$ 178,000,000
Interest rate of debt			3.875%
Debt issued, percent of par			99.50%
Effective yield percentage			3.951%
Redemption price, percentage			100.00%
Rate of interest discounted			0.25%
Cash tender offer			$ 240,000,000
Repayments of debt		$ 100,000	54,100,000
Long-term debt, maturities, repayments of principal in twelve months			178,500,000
2024 Notes | Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount			$ 245,000,000
Interest rate of debt			4.375%
Debt issued, percent of par			99.60%
Effective yield percentage			4.422%
Redemption price, percentage			90.00%
Rate of interest discounted			0.30%
Cash tender offer			$ 240,000,000
Repayments of debt			29,000,000
Gain (loss) on extinguishment of debt			$ 2,900,000
2021 and 2024 Notes | Senior Notes
Debt Instrument [Line Items]
Redemption price, percentage			100.00%
Repayments of debt			$ 83,300,000
Debt instrument, repurchase amount			87,900,000
Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount			13,900,000				11,700,000
Remaining borrowing capacity							1,100,000
European Lease Agreement | Replaced Line of Credit
Debt Instrument [Line Items]
Letters of credit outstanding, amount			1,600,000				$ 1,500,000
Long-term debt, maturities, repayments of principal in 2020			12,400,000
Long-term debt, maturities, repayments of principal in 2021			228,500,000
Long-term debt, maturities, repayments of principal in 2022			218,800,000
Long-term debt, maturities, repayments of principal in 2023			155,000,000
Long-term debt, maturities, repayments of principal in 2024			251,000,000
Long-term debt, maturities, repayments of principal in the years thereafter			468,800,000
European Lease Agreement | Replaced Line of Credit | Movianto
Debt Instrument [Line Items]
Letters of credit outstanding, amount			$ 800,000
Term B Loan, due April 2025
Debt Instrument [Line Items]
Debt convent, springing maturity date, period			91 days
Term B Loan, due April 2025 | Term Loan
Debt Instrument [Line Items]
Long-term debt, maturities, repayments of principal in twelve months			$ 5,000,000
Term A Loans, due July 2022
Debt Instrument [Line Items]
Debt convent, springing maturity date, period			91 days
Term A Loans, due July 2022 | Term Loan
Debt Instrument [Line Items]
Long-term debt, maturities, repayments of principal in twelve months			$ 44,600,000
Base Rate | Term B Loan, due April 2025
Debt Instrument [Line Items]
Best instrument, basis spread on variable rate			3.50%
Base Rate | 2021 Notes | Senior Notes
Debt Instrument [Line Items]
Redemption price, percentage		95.00%
Eurodollar | Revolver
Debt Instrument [Line Items]
Best instrument, basis spread on variable rate			4.25%
Eurodollar | Term B Loan, due April 2025
Debt Instrument [Line Items]
Best instrument, basis spread on variable rate			4.50%
Minimum | Revolver
Debt Instrument [Line Items]
Unused capacity, commitment fee percentage			0.125%
Maximum | Revolver
Debt Instrument [Line Items]
Unused capacity, commitment fee percentage			0.25%
Maximum | Receivables Securitization Program
Debt Instrument [Line Items]
Debt instrument, face amount						$ 325,000,000
Debt instrument, repurchase amount					$ 150,000,000

Retirement Plans - Components o

Retirement Plans - Components of Net Periodic Benefit Cost (Details) - United States - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 362	$ 332	$ 1,073	$ 991
Interest cost	498	601	1,488	1,801
Recognized net actuarial loss	214	260	642	780
Net periodic benefit cost	$ 1,074	$ 1,193	$ 3,203	$ 3,572

Derivatives - Summary of the te

Derivatives - Summary of the terms and fair value of our outstanding derivative financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Designated as Hedging Instrument | Cash flow hedging | Interest rate swaps
Derivative [Line Items]
Notional amount	$ 300,000	$ 450,000
Not Designated as Hedging Instrument, Economic Hedge | Foreign currency contracts
Derivative [Line Items]
Notional amount	28,900
Other assets, net | Designated as Hedging Instrument | Cash flow hedging | Interest rate swaps
Derivative [Line Items]
Derivative Asset	0	0
Other assets, net | Not Designated as Hedging Instrument, Economic Hedge | Foreign currency contracts
Derivative [Line Items]
Derivative Asset	149
Other liabilities | Designated as Hedging Instrument | Cash flow hedging | Interest rate swaps
Derivative [Line Items]
Derivative liabilities	19,807	$ 17,436
Other liabilities | Not Designated as Hedging Instrument, Economic Hedge | Foreign currency contracts
Derivative [Line Items]
Derivative liabilities	$ 0

Derivatives - Summary of the ef

Derivatives - Summary of the effect of cash flow hedge (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Other Comprehensive Income (Loss)	$ (515)	$ (3,356)	$ (19,913)	$ (15,933)
Foreign currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Other Comprehensive Income (Loss)		(28)		608
Interest expense, net | Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Total Amount of Income/(Expense) Line Items Presented in the Consolidated Statement of Operations in Which the Effects are Recorded	(20,975)	(24,050)	(65,923)	(75,557)
Amount of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income	$ (3,028)	(632)	$ (6,889)	(1,314)
Cost of goods sold | Foreign currency contracts
Derivative Instruments, Gain (Loss) [Line Items]
Total Amount of Income/(Expense) Line Items Presented in the Consolidated Statement of Operations in Which the Effects are Recorded		(2,012,130)		(6,176,537)
Amount of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss into Income		$ 262		$ 319

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain (loss) on derivative not designed as hedging instrument	$ (0.9)	$ 0.1	$ (2.3)	$ 1.1
Term B Loan, due April 2025 | Term Loan | Interest Expense [Member]
Derivative [Line Items]
Liabilities, fair value adjustment			10.7
Designated as Hedging Instrument | Interest rate swaps
Derivative [Line Items]
Derivative, terminated notional value	$ 150		$ 150

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate	13.80%	(126.50%)	9.40%	17.80%
Liability for unrecognized tax benefit	$ 22.5		$ 22.5		$ 11.5
Unrecognized tax benefit highly certain	$ 1.9		$ 1.9		$ 3.1

Net Income (Loss) per Common _3

Net Income (Loss) per Common Share - Summary of Calculation of Net Loss Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Weighted average number of shares outstanding, basic (in shares)	60,786			60,030			60,983	60,498
Diluted shares (in shares)	137			0			0	0
Weighted average number of shares outstanding, diluted (in shares)	60,923			60,030			60,983	60,498
Income (loss) from continuing operations	$ 46,081			$ 3,420			$ 37,332	$ (17,233)
Loss from continuing operations per common share: basic and diluted (in usd per share)	$ 0.76			$ 0.06			$ 0.61	$ (0.28)
Loss from discontinued operations	$ 0			$ (2,196)			$ (58,203)	$ (6,115)
Loss from discontinued operations per common share: basic and diluted (in usd per share)	$ 0			$ (0.04)			$ (0.95)	$ (0.11)
Net income (loss)	$ 46,081	$ (55,627)	$ (11,324)	$ 1,224	$ (10,476)	$ (14,096)	$ (20,871)	$ (23,348)
Net loss per common share: basic and diluted (in usd per share)	$ 0.76			$ 0.02			$ (0.34)	$ (0.39)

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	Oct. 06, 2020	May 31, 2020	Sep. 30, 2020
Equity Distribution Agreement
Class of Stock [Line Items]
Number of shares issued in transaction (in shares)			0
Aggregate offering price, remaining available amount			$ 50
Underwriting Agreement | Subsequent Event
Class of Stock [Line Items]
Number of shares issued in transaction (in shares)	8,475,000
Sale of stock, price per share (in dollars per share)	$ 20.50
Sale of stock, consideration received on transaction	$ 165
Common Stock | Equity Distribution Agreement
Class of Stock [Line Items]
Aggregate offering price		$ 50

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in Accumulated Loss by Component (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 395,162	$ 496,901	$ 462,154	$ 518,419
Other comprehensive loss before reclassifications	4,657	(12,422)	(28,490)	(21,118)
Income tax	40	1,314	5,113	5,204
Other comprehensive income (loss) before reclassifications, net of tax	4,697	(11,108)	(23,377)	(15,914)
Amounts reclassified from accumulated other comprehensive loss	3,242	630	23,536	1,775
Income tax	(918)	(150)	(2,016)	(525)
Amounts reclassified from accumulated other comprehensive loss, net of tax	2,324	480	21,520	1,250
Total other comprehensive income (loss), net of tax	7,021	(10,628)	(1,857)	(14,664)
Ending Balance	451,335	491,278	451,335	491,278
Retirement Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(13,926)	(7,752)	(14,691)	(8,146)
Other comprehensive loss before reclassifications	0	0	0	0
Income tax	0	0	0	0
Other comprehensive income (loss) before reclassifications, net of tax	0	0	0	0
Amounts reclassified from accumulated other comprehensive loss	214	260	1,067	780
Income tax	(47)	(61)	(135)	(187)
Amounts reclassified from accumulated other comprehensive loss, net of tax	167	199	932	593
Total other comprehensive income (loss), net of tax	167	199	932	593
Ending Balance	(13,759)	(7,553)	(13,759)	(7,553)
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(23,471)	(29,306)	(25,301)	(32,551)
Other comprehensive loss before reclassifications	5,173	(9,038)	(8,577)	(5,793)
Income tax	0	0	0	0
Other comprehensive income (loss) before reclassifications, net of tax	5,173	(9,038)	(8,577)	(5,793)
Amounts reclassified from accumulated other comprehensive loss	0	0	15,580	0
Income tax	0	0	0	0
Amounts reclassified from accumulated other comprehensive loss, net of tax	0	0	15,580	0
Total other comprehensive income (loss), net of tax	5,173	(9,038)	7,003	(5,793)
Ending Balance	(18,298)	(38,344)	(18,298)	(38,344)
Derivatives
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(24,188)	(12,590)	(12,715)	(4,915)
Other comprehensive loss before reclassifications	(516)	(3,384)	(19,913)	(15,325)
Income tax	40	1,314	5,113	5,204
Other comprehensive income (loss) before reclassifications, net of tax	(476)	(2,070)	(14,800)	(10,121)
Amounts reclassified from accumulated other comprehensive loss	3,028	370	6,889	995
Income tax	(871)	(89)	(1,881)	(338)
Amounts reclassified from accumulated other comprehensive loss, net of tax	2,157	281	5,008	657
Total other comprehensive income (loss), net of tax	1,681	(1,789)	(9,792)	(9,464)
Ending Balance	(22,507)	(14,379)	(22,507)	(14,379)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(61,585)	(49,648)	(52,707)	(45,612)
Ending Balance	$ (54,564)	$ (60,276)	$ (54,564)	$ (60,276)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified out of accumulated other comprehensive income related to defined benefit pension plans as component of net periodic benefit cost, actuarial net gain or loss	$ 0.2	$ 0.3	$ 1.1	$ 0.8
Discontinued Operations, Held-for-sale | Movianto
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified out of accumulated other comprehensive income related to defined benefit pension plans as component of net periodic benefit cost, actuarial net gain or loss			$ 0.4

Segment Information - Financial

Segment Information - Financial Information by Segment (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)segment	Sep. 30, 2019USD ($)
Segment Reporting, Revenue Reconciling Item [Line Items]
Number of reportable segments | segment			2
Net revenue	$ 2,187,928	$ 2,292,752	$ 6,118,340	$ 7,020,296
Operating earnings (loss):	75,553	26,110	108,505	58,612
Intangible amortization	(10,200)	(10,600)	(31,500)	(33,400)
Acquisition-related and exit and realignment charges	(6,382)	(4,522)	(18,500)	(14,776)
Other	134	(1,329)	3,020	(2,385)
Discontinued operations	0	4,697	0	15,466
Consolidated depreciation and amortization	20,690	29,302	69,494	88,204
Discontinued operations	0	3,087	3,027	17,298
Consolidated capital expenditures	14,238	12,621	26,380	38,152
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenue	2,338,979	2,407,214	6,496,806	7,376,256
Operating Segments | Global Solutions
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenue	1,865,182	2,047,379	5,261,415	6,305,448
Operating earnings (loss):	10,972	24,916	8,522	64,292
Depreciation and amortization	9,572	11,477	31,273	31,756
Capital expenditures	3,582	2,743	7,545	7,280
Operating Segments | Global Products
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenue	473,797	359,835	1,235,391	1,070,808
Operating earnings (loss):	89,923	16,897	160,268	42,570
Depreciation and amortization	11,118	13,128	38,221	40,982
Capital expenditures	10,656	6,791	15,808	13,574
Intersegment Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenue	(151,051)	(114,462)	(378,466)	(355,960)
Operating earnings (loss):	(8,718)	(243)	(10,322)	774
Intersegment Eliminations | Global Products
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenue	(151,051)	(114,462)	(378,466)	(355,960)
Segment Reconciling Items
Segment Reporting, Revenue Reconciling Item [Line Items]
Intangible amortization	(10,242)	(10,614)	(31,463)	(33,395)
Acquisition-related and exit and realignment charges	(6,382)	(4,522)	(18,500)	(14,776)
Other	$ 0	$ (324)	$ 0	$ (853)

Segment Information - Consolida

Segment Information - Consolidated Total Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 3,297,115	$ 3,643,084
Discontinued operations	0	439,983
Cash and cash equivalents	77,256	67,030
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	3,219,859	3,136,071
Operating Segments | Global Solutions
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	2,161,158	2,205,134
Operating Segments | Global Products
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 1,058,701	$ 930,937

Segment Information - Net reven

Segment Information - Net revenue by geographic area (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information [Line Items]
Net revenue	$ 2,187,928	$ 2,292,752	$ 6,118,340	$ 7,020,296
United States
Segment Reporting Information [Line Items]
Net revenue	2,101,074	2,200,284	5,872,143	6,774,965
International
Segment Reporting Information [Line Items]
Net revenue	$ 86,854	$ 92,468	$ 246,197	$ 245,331

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands	Oct. 30, 2020	Oct. 15, 2020	Oct. 08, 2020	Oct. 06, 2020	Jul. 02, 2020	Sep. 30, 2020	Sep. 30, 2019
Subsequent Event [Line Items]
Repayments of long-term debt						$ 270,399	$ 40,700
Revolver | Subsequent Event
Subsequent Event [Line Items]
Repayments of long-term debt		$ 30,000
Term Loan A-1 | Term Loan | Subsequent Event
Subsequent Event [Line Items]
Repayments of long-term debt			$ 109,000
Term Loan A-2 | Term Loan | Subsequent Event
Subsequent Event [Line Items]
Repayments of long-term debt		$ 52,000
2021 Notes | Senior Notes
Subsequent Event [Line Items]
Repayments of long-term debt					$ 100	$ 54,100
2021 Notes | Senior Notes | Subsequent Event
Subsequent Event [Line Items]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	100.00%
2021 Notes | Senior Notes | Subsequent Event | US Treasury (UST) Interest Rate [Member]
Subsequent Event [Line Items]
Best instrument, basis spread on variable rate	0.25%
Underwriting Agreement | Subsequent Event
Subsequent Event [Line Items]
Number of shares issued in transaction (in shares)				8,475,000
Sale of stock, price per share (in dollars per share)				$ 20.50
Sale of stock, consideration received on transaction				$ 165,000
Over-Allotment Option | Subsequent Event
Subsequent Event [Line Items]
Number of shares issued in transaction (in shares)				1,271,250
Sale of stock, consideration received on transaction				$ 190,000