Enviri Corp 10-Q, filed Aug 3, 2021

Enviri Corp (NVRI)

10-Q 2021-08-03 For: 2021-06-30

Added on June 09, 2026

About this 10-Q

Enviri Corp filed this 10-Q on August 3, 2021, covering the quarter ended June 30, 2021.

Headline figures

Quarter ended June 30, 2021, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $569.82M; up 27.4% from $447.28M a year earlier
Net income: $13.39M; compared with a net loss of $10.6M a year earlier
Diluted EPS: $0.17; compared with -$0.13 a year earlier

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Delaware			23-1483991
(State or other jurisdiction of incorporation or organization)			(I.R.S. employer identification number)
350 Poplar Church Road,	Camp Hill,	Pennsylvania	17011
(Address of principal executive offices)			(Zip Code)


Class						Outstanding at July 30, 2021
Common stock, par value $1.25 per share						79,190,353


		Page
PART I — FINANCIAL INFORMATION

Item 1.	Financial Statements	4
	Condensed Consolidated Balance Sheets (Unaudited)	4
	Condensed Consolidated Statements of Operations (Unaudited)	5
	Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)	6
	Condensed Consolidated Statements of Cash Flows (Unaudited)	7
	Condensed Consolidated Statements of Equity (Unaudited)	8
	Notes to Condensed Consolidated Financial Statements (Unaudited)	10

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	33

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	43

Item 4.	Controls and Procedures	43


PART II — OTHER INFORMATION

Item 1.	Legal Proceedings	44

Item 1A.	Risk Factors	44

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	44







Item 6.	Exhibits	45


SIGNATURES		46


Term						Description
AOCI						Accumulated Other Comprehensive Income (Loss)
AXC						The former Harsco Industrial Air-X-Changers business
CARES Act						Coronavirus Aid, Relief, and Economic Security Act
CCIRs						Cross-currency interest rate swaps
Clean Earth						CEHI Acquisition Corporation and Subsidiaries
COVID-19						The COVID-19 coronavirus pandemic
Credit Agreement						Credit Agreement governing the Senior Secured Credit Facilities
DEA						United States Drug Enforcement Agency
DTSC						California Department of Toxic Substances Control
EBITDA						Earnings before interest, tax, depreciation and amortization
ESOL						Stericycle Environmental Solutions business
FASB						Financial Accounting Standards Board
IBORs						Interbank offered rates
ICMS						Type of value-added tax in Brazil
IKG						The former Harsco Industrial IKG business
ISDA						International Swaps and Derivatives Association
LIBOR						London Interbank Offered Rates
New Term Loans						$500 million term loan raised in March 2021 under the Senior Secured Credit Facilities, maturing on March 10, 2028
Notes						5.75% Notes due July 31, 2027
OCI						Other Comprehensive Income (Loss)

PA DEP						Pennsylvania Department of Environmental Protection
PK						The former Harsco Industrial Patterson-Kelley business
Revolving Credit Facility						Multi-year revolving credit facility under the Senior Secured Credit Facility, with a facility limit of $700 million
ROU						Right of use
SBB						Federal railway system of Switzerland
SCE						Supreme Council for Environment in Bahrain
SEC						Securities and Exchange Commission
Senior Secured Credit Facilities						Primary source of borrowings comprised of the Revolving Credit Facility and the New Term Loan
SPRA						State Revenue Authorities from the State of São Paulo, Brazil
Term Loan A						$280 million term loan raised in March 2020 under the Senior Secured Credit Facilities, maturing on June 28, 2024, repaid on March 10, 2021
Term Loan B						Term loan issued under the Senior Secured Credit Facilities, maturing on December 8, 2024, repaid on March 10, 2021
TSDF						Treatment, storage, and disposal facility permits issued under the Resource Conservation and Recovery Act
U.S. GAAP						Accounting principles generally accepted in the U.S.


(In thousands)	June 30 2021		December 31 2020
ASSETS
Current assets:
Cash and cash equivalents	$	77,870	$	76,454
Restricted cash	4,417		3,215
Trade accounts receivable, net	424,185		407,390

Other receivables	38,316		34,253
Inventories	157,616		173,013
Current portion of contract assets	85,236		54,754
Prepaid expenses	58,416		56,099

Other current assets	15,300		10,645
Total current assets	861,356		815,823

Property, plant and equipment, net	672,138		668,209
Right-of-use assets, net	94,276		96,849
Goodwill	903,345		902,074
Intangible assets, net	422,906		438,565


Deferred income tax assets	10,626		15,274

Other assets	57,452		56,493
Total assets	$	3,022,099	$	2,993,287
LIABILITIES
Current liabilities:
Short-term borrowings	$	7,202	$	7,450
Current maturities of long-term debt	8,514		13,576
Accounts payable	206,180		218,039

Accrued compensation	49,960		45,885
Income taxes payable	7,856		3,499


Current portion of advances on contracts	54,017		39,917


Current portion of operating lease liabilities	24,056		24,862

Other current liabilities	193,128		184,727
Total current liabilities	550,913		537,955
Long-term debt	1,327,588		1,271,189


Retirement plan liabilities	193,421		231,335


Advances on contracts	15,934		45,017
Operating lease liabilities	68,484		69,860

Environmental liabilities	29,046		29,424
Deferred tax liabilities	31,312		40,653
Other liabilities	56,018		54,455
Total liabilities	2,272,716		2,279,888
COMMITMENTS AND CONTINGENCIES
HARSCO CORPORATION STOCKHOLDERS’ EQUITY

Common stock	144,836		144,288
Additional paid-in capital	209,992		204,078
Accumulated other comprehensive loss	(626,206)		(645,741)
Retained earnings	1,811,282		1,797,759
Treasury stock	(846,401)		(843,230)
Total Harsco Corporation stockholders’ equity	693,503		657,154
Noncontrolling interests	55,880		56,245
Total equity	749,383		713,399
Total liabilities and equity	$	3,022,099	$	2,993,287


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934


	Three Months Ended					Six Months Ended
	June 30					June 30
(In thousands, except per share amounts)	2021		2020			2021		2020
Revenues from continuing operations:
Service revenues	$	436,732	$	345,643		$	861,181	$	637,232
Product revenues	133,088		101,638			237,494		208,890
Total revenues	569,820		447,281			1,098,675		846,122
Costs and expenses from continuing operations:
Cost of services sold	348,509		285,941			683,015		522,549
Cost of products sold	105,862		78,201			192,438		158,061
Selling, general and administrative expenses	82,665		80,771			165,708		153,270
Research and development expenses	628		792			1,446		2,052

Other (income) expenses, net	(4,063)		(292)			(4,975)		5,441
Total costs and expenses	533,601		445,413			1,037,632		841,373
Operating income from continuing operations	36,219		1,868			61,043		4,749
Interest income	638		816			1,223		1,009
Interest expense	(15,986)		(14,953)			(32,850)		(27,602)
Unused debt commitment fees, amendment fees and loss on extinguishment of debt	(50)		(1,432)			(5,308)		(1,920)

Defined benefit pension income	3,974		1,723			7,927		3,312
Income (loss) from continuing operations before income taxes and equity income	24,795		(11,978)			32,035		(20,452)
Income tax benefit (expense) from continuing operations	(8,564)		2,304			(12,793)		2,986
Equity income (loss) of unconsolidated entities, net	(76)		71			(195)		167
Income (loss) from continuing operations	16,155		(9,603)			19,047		(17,299)
Discontinued operations:
Gain (loss) on sale of discontinued business	—		(91)			—		18,371
Income (loss) from discontinued businesses	(1,451)		524			(3,242)		299
Income tax benefit (expense) from discontinued businesses	376		(285)			840		(9,599)
Income (loss) from discontinued operations, net of tax	(1,075)		148			(2,402)		9,071
Net income (loss)	15,080		(9,455)			16,645		(8,228)
Less: Net income attributable to noncontrolling interests	(1,692)		(1,147)			(3,122)		(2,233)
Net income (loss) attributable to Harsco Corporation	$	13,388	$	(10,602)		$	13,523	$	(10,461)
Amounts attributable to Harsco Corporation common stockholders:
Income (loss) from continuing operations, net of tax	$	14,463	$	(10,750)		$	15,925	$	(19,532)
Income (loss) from discontinued operations, net of tax	(1,075)		148			(2,402)		9,071
Net income (loss) attributable to Harsco Corporation common stockholders	$	13,388	$	(10,602)		$	13,523	$	(10,461)
Weighted-average shares of common stock outstanding	79,265		78,987			79,177		78,874
Basic earnings (loss) per common share attributable to Harsco Corporation common stockholders:
Continuing operations	$	0.18	$	(0.14)		$	0.20	$	(0.25)
Discontinued operations	(0.01)		—			(0.03)		0.12
Basic earnings (loss) per share attributable to Harsco Corporation common stockholders	$	0.17	$	(0.13)	(a)	$	0.17	$	(0.13)
Diluted weighted-average shares of common stock outstanding	80,774		78,987			80,397		78,874
Diluted earnings (loss) per common share attributable to Harsco Corporation common stockholders:
Continuing operations	$	0.18	$	(0.14)		$	0.20	$	(0.25)
Discontinued operations	(0.01)		—			(0.03)		0.12
Diluted earnings (loss) per share attributable to Harsco Corporation common stockholders	$	0.17	$	(0.13)	(a)	$	0.17	$	(0.13)


	Six Months Ended June 30
(In thousands)	2021		2020
Cash flows from operating activities:
Net income (loss)	$	16,645	$	(8,228)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	64,904		61,512
Amortization	17,783		15,672
Deferred income tax benefit	(6,407)		(655)
Equity (income) loss of unconsolidated entities, net	195		(167)

Gain on sale from discontinued business	—		(18,371)

Loss on early extinguishment of debt	2,668		—
Other, net	(2,149)		(2,244)
Changes in assets and liabilities, net of acquisitions and dispositions of businesses:
Accounts receivable	(23,484)		16,534

Inventories	15,456		(16,666)
Contract assets	(37,866)		(28,934)
Right-of-use assets	13,897		11,834
Accounts payable	(13,491)		(8,119)
Accrued interest payable	(137)		(2,940)
Accrued compensation	4,701		(4,767)
Advances on contracts	(13,351)		35,836


Operating lease liabilities	(13,506)		(11,596)
Retirement plan liabilities, net	(27,858)		(19,026)
Income taxes payable - Gain on sale of discontinued businesses	—		3,467
Other assets and liabilities	15,530		(1,621)
Net cash provided by operating activities	13,530		21,521
Cash flows from investing activities:
Purchases of property, plant and equipment	(68,646)		(51,213)
Purchases of businesses, net of cash acquired	—		(442,604)
Proceeds from sale of discontinued business, net	—		37,219
Proceeds from sales of assets	10,042		3,952
Expenditures for intangible assets	(132)		(42)
Proceeds from notes receivable	6,400		—
Net proceeds (payments) from settlement of foreign currency forward exchange contracts	(978)		765

Other investing activities, net	133		59
Net cash used by investing activities	(53,181)		(451,864)
Cash flows from financing activities:
Short-term borrowings, net	4,444		2,677
Current maturities and long-term debt:
Additions	465,518		528,601
Reductions	(413,481)		(62,406)

Dividends paid to noncontrolling interests	(3,094)		—




Stock-based compensation - Employee taxes paid	(3,172)		(4,093)



Deferred financing costs	(7,828)		(1,928)
Other financing activities, net	(601)		(1,371)
Net cash provided by financing activities	41,786		461,480
Effect of exchange rate changes on cash and cash equivalents, including restricted cash	483		(6,818)
Net increase in cash and cash equivalents, including restricted cash	2,618		24,319
Cash and cash equivalents, including restricted cash, at beginning of period	79,669		59,732
Cash and cash equivalents, including restricted cash, at end of period	$	82,287	$	84,051

Supplementary cash flow information:
Change in accrual for purchases of property, plant and equipment included in accounts payable	$	2,158	$	1,085


	Harsco Corporation Stockholders’ Equity
(In thousands, except share amounts)	Common Stock				Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Noncontrolling Interests
	Issued		Treasury										Total
Balances, December 31, 2020	$	144,288	$	(843,230)	$	204,078	$	1,797,759	$	(645,741)	$	56,245	$	713,399

Net income							135				1,430		1,565




Total other comprehensive income (loss), net of deferred income taxes of $134									2,295		(1,066)		1,229









Stock appreciation rights exercised, net 3,842 shares	9		(70)		(9)								(70)
Vesting of restricted stock units and other stock grants, net 144,967 shares	312		(1,850)		(312)								(1,850)
Vesting of performance share units, net 69,127 shares	155		(1,032)		(155)								(1,032)

Amortization of unearned portion of stock-based compensation, net of forfeitures					3,342								3,342
Balances, March 31, 2021	144,764		(846,182)		206,944		1,797,894		(643,446)		56,609		716,583
Net income							13,388		$	—	1,692		15,080
Cash dividends declared:

Noncontrolling interests											(3,094)		(3,094)

Total other comprehensive income, net of deferred income taxes of $34									17,240		673		17,913









Stock appreciation rights exercised, net 13,061shares	28		(219)		(28)								(219)
Vesting of restricted stock units and other stock grants, net 34,986 shares	44				(44)								—


Amortization of unearned portion of stock-based compensation, net of forfeitures					3,120								3,120
Balances, June 30, 2021	$	144,836	$	(846,401)	$	209,992	$	1,811,282	$	(626,206)	$	55,880	$	749,383


	Final
(In millions)	April 6 2020		Measurement Period Adjustments		June 30 2021
Cash and cash equivalents	$	0.4	$	—	$	0.4
Trade accounts receivable	124.1		(1.5)		122.6
Inventory	5.0		—		5.0
Other current assets	0.7		(0.7)		—
Property, plant and equipment	105.3		(3.9)		101.4
Right-of-use assets	56.0		—		56.0
Goodwill	152.0		1.3		153.3
Intangible assets	161.0		—		161.0
Other assets	0.2		—		0.2
Accounts payable	(48.6)		(1.5)		(50.1)
Accrued expenses	(17.5)		(1.8)		(19.3)
Current portion of operating lease liabilities	(16.6)		—		(16.6)
Other current liabilities	(6.4)		(0.2)		(6.6)
Environmental liabilities	(24.4)		—		(24.4)
Deferred income taxes	(15.5)		(1.5)		(17.0)
Operating lease liabilities	(39.4)		—		(39.4)
Total identifiable net assets of ESOL	436.3		(9.8)		426.5
Non-compete agreement	2.5		—		2.5
Total identifiable net assets of ESOL, including non-compete agreement	$	438.8	$	(9.8)	$	429.0


		Final
(Dollars in millions)	Weighted-Average Amortization Period	April 6 2020		Measurement Period Adjustments		June 30 2021
Permits and rights	22 years	$	138.0	$	—	$	138.0
Customer relationships	10 years	23.0		—		23.0
Total identifiable intangible assets of ESOL		161.0		—		161.0
Non-compete agreement	4 years	2.5		—		2.5
Total identifiable intangible assets acquired		$	163.5	$	—	$	163.5


	June 30 2021		December 31 2020

Other information:
Weighted average remaining lease term - Operating leases (in years)	7.62		8.00
Weighted average remaining lease term - Finance leases (in years)	7.22		8.20
Weighted average discount rate - Operating leases	5.9	%	6.1	%
Weighted average discount rate - Finance leases	4.9	%	5.1	%


(In thousands)	Operating Leases		Finance Leases
Year Ending December 31:
2021 (excluding the six months ended June 30, 2021)	$	15,145	$	1,294
2022	25,899		2,368
2023	20,220		2,145
2024	14,110		1,963
2025	8,992		1,339
After 2025	34,607		3,618
Total lease payments	118,973		12,727
Less: Imputed interest	(26,433)		(2,152)
Total	$	92,540	$	10,575


(In thousands)	Harsco Environmental Segment		Harsco Clean Earth Segment		Harsco Rail Segment		Consolidated Totals
Balance at December 31, 2020	$	406,401	$	482,647	$	13,026	$	902,074
Changes to goodwill (a)	—		1,232		—		1,232
Foreign currency translation	39		—		—		39
Balance at June 30, 2021	$	406,440	$	483,879	$	13,026	$	903,345


FORM			10-Q


(In thousands)	June 30 2021		December 31 2020
Finished goods	$	8,172	$	8,505
Work-in-process	25,029		29,005

Raw materials and purchased parts	91,122		105,306
Stores and supplies	33,293		30,197
Total inventories	$	157,616	$	173,013


(In thousands)	June 30 2021		December 31 2020
Land	$	75,669	$	75,559
Land improvements	19,784		20,166
Buildings and improvements	253,410		249,954
Machinery and equipment	1,566,448		1,597,592
Uncompleted construction	59,513		42,185
Gross property, plant and equipment	1,974,824		1,985,456
Less: Accumulated depreciation	(1,302,686)		(1,317,247)
Property, plant and equipment, net	$	672,138	$	668,209


	June 30, 2021				December 31, 2020
(In thousands)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer related	$	109,846	$	52,732	$	109,378	$	48,057
Permits	308,843		26,889		308,705		18,955
Technology related	40,763		11,742		40,274		9,654
Trade names	32,004		6,167		31,949		4,834
Air rights	26,139		1,414		26,139		1,044
Patents	202		151		192		139
Non-compete Agreement	2,500		781		2,500		469
Other	3,919		1,434		3,911		1,331
Total	$	524,216	$	101,310	$	523,048	$	84,483



	Three Months Ended
	June 30
Defined Benefit Pension Plans Net Periodic Pension Cost (Benefit)	U.S. Plans				International Plans
(In thousands)	2021		2020		2021		2020
Service costs	$	—	$	—	$	500	$	426
Interest costs	1,203		1,845		3,242		4,235
Expected return on plan assets	(3,050)		(2,842)		(11,511)		(9,833)
Recognized prior service costs	—		—		129		106
Recognized loss	1,385		1,225		4,622		3,532

Defined benefit pension plans net periodic pension cost (benefit)	$	(462)	$	228	$	(3,018)	$	(1,534)


	Three Months Ended				Six Months Ended
Company Contributions	June 30				June 30
(In thousands)	2021		2020		2021		2020
Defined benefit pension plans (U.S.)	$	451	$	460	$	3,317	$	2,487
Defined benefit pension plans (International)	4,301		1,493		16,923		11,553
Multiemployer pension plans	442		379		882		788
Defined contribution pension plans	3,120		1,897		6,533		5,066


(In thousands)	Balance Sheet Location	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
June 30, 2021
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	372	$	4,642	$	5,014


Total		$	372	$	4,642	$	5,014


	Amount Recognized in OCI on Derivatives				Location of Amount Reclassified from AOCI into Income	Amount Reclassified from AOCI into Income - Effective Portion or Equity
	Three Months Ended					Three Months Ended
	June 30					June 30
(In thousands)	2021		2020			2021		2020
Foreign currency exchange forward contracts	$	(440)	$	41	Product revenues	$	3	$	(332)


Interest rate swaps	(33)		(162)		Interest expense	862		732
CCIRs (a)	—		5		Interest expense	—		295
	$	(473)	$	(116)		$	865	$	695



	Amount Recognized in OCI on Derivatives				Location of Amount Reclassified from AOCI into Income	Amount Reclassified from Accumulated OCI into Income - Effective Portion or Equity
	Six Months Ended					Six Months Ended
	June 30					June 30
(In thousands)	2021		2020			2021		2020
Foreign currency exchange forward contracts	$	(441)	$	2,078	Product revenues	$	(47)	$	(1,736)

Interest rate swaps	(14)		(3,740)		Interest expense	1,727		1,110
CCIRs (a)	—		63		Interest expense	—		600
	$	(455)	$	(1,599)		$	1,680	$	(26)


	Location of Gain (Loss) Recognized in Income on Derivatives	Amount of Gain (Loss) Recognized in Income on Derivatives (b)
		Three Months Ended				Six Months Ended
		June 30				June 30
(In thousands)		2021		2020		2021		2020

Foreign currency exchange forward contracts	Cost of services and products sold	$	(740)	$	1,736	$	4,004	$	7,278


	Three Months Ended
	June 30, 2020
(In thousands)	Harsco Environmental Segment		Harsco Clean Earth Segment		Harsco Rail Segment		Consolidated Totals
Primary Geographical Markets (a) (b):
North America	$	57,356	$	161,579	$	56,461	$	275,396
Western Europe	82,972		—		16,855		99,827
Latin America (c)	25,108		—		515		25,623
Asia-Pacific	19,894		—		7,880		27,774
Middle East and Africa	14,793		—		—		14,793
Eastern Europe	3,868		—		—		3,868
Total Revenues	$	203,991	$	161,579	$	81,711	$	447,281


Key Product and Service Groups (a):
Environmental services related to resource recovery for metals manufacturing and related logistical services	$	174,238	$	—	$	—	$	174,238
Applied products	26,591		—		—		26,591
Environmental systems for aluminum dross and scrap processing	3,162		—		—		3,162
Railway track maintenance equipment	—		—		40,411		40,411
After market parts and services; safety and diagnostic technology	—		—		32,500		32,500
Railway contracting services	—		—		8,800		8,800
Waste processing, recycling, reuse and transportation solutions	—		161,579		—		161,579

Total Revenues	$	203,991	$	161,579	$	81,711	$	447,281


	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2019	$	(143,340)		$	(3,717)		$	(440,562)		$	(3)	$	(587,622)

OCI before reclassifications	(65,677)		(a)	(1,146)		(b)	23,810		(a)	(31)		(43,044)
Amounts reclassified from AOCI, net of tax	12,906			(213)			13,380			—		26,073



Total OCI	(52,771)			(1,359)			37,190			(31)		(16,971)
Less: OCI attributable to noncontrolling interests	(975)			—			—			—		(975)
OCI attributable to Harsco Corporation	(51,796)			(1,359)			37,190			(31)		(15,996)
Balance at June 30, 2020	$	(195,136)		$	(5,076)		$	(403,372)		$	(34)	$	(603,618)


	June 30, 2021
Significant Effects on Revenues (In millions)	Three Months Ended		Six Months Ended
Revenues — 2020	$	204.0	$	445.6
Net effects of price/volume changes, primarily attributable to volume changes	53.7		61.3
Impact of foreign currency translation	13.8		21.0
Net impact of new and lost contracts	0.1		1.4

Other	0.9		1.2
Revenues — 2021	$	272.5	$	530.5


Summary of Senior Secured Credit Facilities and Notes: (In millions)	June 30 2021		December 31 2020
By type:
New Term Loan	$	500.0	$	—
Term Loan A	—		280.0
Term Loan B	—		218.2
Revolving Credit Facility	333.0		281.0
5.75% Notes	500.0		500.0
Total	$	1,333.0	$	1,279.2
By classification:
Current	$	5.0	$	10.5
Long-term	1,328.0		1,268.7
Total	$	1,333.0	$	1,279.2


	June 30, 2021
(In millions)	Facility Limit		Outstanding Balance		Outstanding Letters of Credit		Available Credit


Revolving credit facility (a U.S.-based program)	$	700.0	$	333.0	$	25.4	$	341.6


Exhibit Number						Description
10.1						Form of Restricted Stock Units Agreement (Non-Employee Director) (incorporated by reference to the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2020, Commission File Number 001-03970).
31.1						Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Chairman, President and Chief Executive Officer).
31.2						Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Chief Financial Officer).
32						Certifications Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chairman, President and Chief Executive Officer and Chief Financial Officer).
101.Def						Definition Linkbase Document
101.Pre						Presentation Linkbase Document
101.Lab						Labels Linkbase Document
101.Cal						Calculation Linkbase Document
101.Sch						Schema Document
101.Ins						Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.



DATE	August 3, 2021	/s/ PETER F. MINAN
		Peter F. Minan
		Senior Vice President and Chief Financial Officer
		(On behalf of the registrant and as Principal Financial Officer)

DATE	August 3, 2021	/s/ SAMUEL C. FENICE
		Samuel C. Fenice
		Vice President and Corporate Controller
		(Principal Accounting Officer)