2017 Q3 Form 10-K Financial Statement

#000143774917015969 Filed on September 15, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 2016 Q3
Revenue $239.5M $1.194B $234.4M
YoY Change 2.18% 1.76% 50.22%
Cost Of Revenue $141.2M $673.3M $133.8M
YoY Change 5.53% 2.71% 51.13%
Gross Profit $98.30M $520.3M $100.6M
YoY Change -2.29% 0.55% 49.02%
Gross Profit Margin 41.04% 43.59% 42.92%
Selling, General & Admin $92.10M $401.6M $98.00M
YoY Change -6.02% -0.23% 35.18%
% of Gross Profit 93.69% 77.2% 97.42%
Research & Development $9.300M $38.90M $10.20M
YoY Change -8.82% -0.84% 9.55%
% of Gross Profit 9.46% 7.48% 10.14%
Depreciation & Amortization $7.700M $33.38M $8.100M
YoY Change -4.94% 3.06% 1.61%
% of Gross Profit 7.83% 6.41% 8.05%
Operating Expenses $109.1M $473.9M $116.2M
YoY Change -6.11% -0.05% 29.43%
Operating Profit -$10.80M $46.36M -$15.60M
YoY Change -30.77% 7.11% -29.95%
Interest Expense -$1.000M -$5.821M -$1.400M
YoY Change -28.57% -12.78% -25.97%
% of Operating Profit -12.56%
Other Income/Expense, Net $14.90M $15.47M -$300.0K
YoY Change -5066.67% 4.26% -101.93%
Pretax Income $3.100M $56.01M -$17.30M
YoY Change -117.92% 8.87% 100.6%
Income Tax -$4.900M $11.97M -$6.200M
% Of Pretax Income -158.06% 21.37%
Net Earnings $8.000M $44.04M -$11.10M
YoY Change -172.07% 22.79% 104.19%
Net Earnings / Revenue 3.34% 3.69% -4.74%
Basic Earnings Per Share $0.68
Diluted Earnings Per Share $118.2K $0.65 -$169.7K
COMMON SHARES
Basic Shares Outstanding 65.19M
Diluted Shares Outstanding 67.74M

Balance Sheet

Concept 2017 Q3 2017 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $149.7M $149.7M $27.80M
YoY Change 438.49% 438.49% 1290.0%
Cash & Equivalents $149.7M $149.7M $27.83M
Short-Term Investments
Other Short-Term Assets $17.70M $17.70M $16.40M
YoY Change 7.93% 7.93% -34.92%
Inventory $75.86M $75.90M $103.3M
Prepaid Expenses
Receivables $14.07M $14.10M $19.12M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $257.4M $257.4M $166.7M
YoY Change 54.45% 54.41% -38.06%
LONG-TERM ASSETS
Property, Plant & Equipment $161.4M $161.4M $171.4M
YoY Change -5.82% -5.83% 2.14%
Goodwill $62.59M $77.67M
YoY Change -19.41% 0.92%
Intangibles $115.8M $150.3M
YoY Change -22.91% -1.44%
Long-Term Investments
YoY Change
Other Assets $10.01M $10.00M $8.253M
YoY Change 21.25% 20.48% -21.13%
Total Long-Term Assets $295.1M $295.1M $336.3M
YoY Change -12.26% -12.22% 0.06%
TOTAL ASSETS
Total Short-Term Assets $257.4M $257.4M $166.7M
Total Long-Term Assets $295.1M $295.1M $336.3M
Total Assets $552.5M $552.5M $502.9M
YoY Change 9.85% 9.86% -16.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.78M $27.80M $35.20M
YoY Change -21.08% -21.02% -4.39%
Accrued Expenses $90.21M $76.30M $66.07M
YoY Change 36.54% 15.43% 12.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.188M $7.200M $19.59M
YoY Change -63.32% -63.27% -86.33%
Total Short-Term Liabilities $125.2M $125.2M $120.9M
YoY Change 3.57% 3.56% -49.43%
LONG-TERM LIABILITIES
Long-Term Debt $101.4M $101.4M $9.600M
YoY Change 956.25% 956.25% -91.58%
Other Long-Term Liabilities $9.811M $9.800M $9.581M
YoY Change 2.4% -89.62% 22.63%
Total Long-Term Liabilities $9.811M $111.2M $9.581M
YoY Change 2.4% 6.92% 22.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $125.2M $125.2M $120.9M
Total Long-Term Liabilities $9.811M $111.2M $9.581M
Total Liabilities $270.2M $270.2M $260.4M
YoY Change 3.79% 3.76% -35.46%
SHAREHOLDERS EQUITY
Retained Earnings $32.64M -$11.40M
YoY Change -386.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $88.79M $78.06M
YoY Change 13.75%
Treasury Stock Shares
Shareholders Equity $282.2M $282.2M $242.6M
YoY Change
Total Liabilities & Shareholders Equity $552.5M $552.5M $502.9M
YoY Change 9.85% 9.86% -16.89%

Cashflow Statement

Concept 2017 Q3 2017 2016 Q3
OPERATING ACTIVITIES
Net Income $8.000M $44.04M -$11.10M
YoY Change -172.07% 22.79% 104.19%
Depreciation, Depletion And Amortization $7.700M $33.38M $8.100M
YoY Change -4.94% 3.06% 1.61%
Cash From Operating Activities -$200.0K $61.01M -$19.30M
YoY Change -98.96% 5.79% -86.24%
INVESTING ACTIVITIES
Capital Expenditures -$14.90M $33.65M -$13.90M
YoY Change 7.19% -0.84% -323.33%
Acquisitions
YoY Change
Other Investing Activities $112.0M $112.0M $0.00
YoY Change
Cash From Investing Activities $97.10M $78.30M -$13.90M
YoY Change -798.56% -330.72% 123.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.74M
YoY Change -29.48%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.900M -17.41M -600.0K
YoY Change 550.0% -27.02% -100.5%
NET CHANGE
Cash From Operating Activities -200.0K 61.01M -19.30M
Cash From Investing Activities 97.10M 78.30M -13.90M
Cash From Financing Activities -3.900M -17.41M -600.0K
Net Change In Cash 93.00M 121.9M -33.80M
YoY Change -375.15% -107035.09% 30.24%
FREE CASH FLOW
Cash From Operating Activities -$200.0K $61.01M -$19.30M
Capital Expenditures -$14.90M $33.65M -$13.90M
Free Cash Flow $14.70M $27.36M -$5.400M
YoY Change -372.22% 15.26% -96.31%

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" margin: 0pt 7.2pt 0pt 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;"><div style="display: inline; font-style: italic;">Concentration of Credit Risk</div></div> <div style=" margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company maintains cash and cash equivalents with high quality financial institutions. Concentration of credit risk with respect to accounts receivable is limited due to the Company's large number of customers and their dispersion throughout the United States, and the fact that a substantial portion of receivables are related to balances owed by major credit card companies. Allowances relating to consumer, corporate and franchise accounts receivable (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$1.8</div> million at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> July 2, 2017 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$2.1</div> million at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> July 3, 2016) </div>have been recorded based upon previous experience and management<div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#x2019;s evaluation.</div></div></div></div></div></div></div>
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2565000
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2991000
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4626000
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4936000
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CY2016Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
35517000
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33868000
CY2016Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
35517000
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23417000
CY2016Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
24923000
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32000000
CY2016 us-gaap Depreciation
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30500000
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27000000
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0.68
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0.57
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0.31
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0.65
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EarningsPerShareDiluted
0.55
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EarningsPerShareDiluted
0.30
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0.303
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.361
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
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0.35
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0.149
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0.013
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EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.026
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0.001
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-0.026
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.011
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CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
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0.002
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0.013
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0.021
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.026
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
0.022
CY2017 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
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-0.253
CY2016 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
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CY2015 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.002
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.002
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.01
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EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.023
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.034
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.038
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.017
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.042
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.039
CY2017Q3 us-gaap Employee Related Liabilities Current
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22767000
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25892000
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2213000
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1987000
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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2087000
CY2017 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
CY2016 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
2278000
CY2015 us-gaap Equity Method Investment Other Than Temporary Impairment
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CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2400000
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2550000
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CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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2400000
CY2015 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2550000
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6916000
CY2016Q3 us-gaap Fair Value Net Asset Liability
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4852000
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16209000
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24490000
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2600000
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1300000
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500000
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600000
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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600000
CY2017Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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700000
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22550000
CY2016Q3 us-gaap Finite Lived Intangible Assets Gross
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6341000
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7739000
CY2017 us-gaap Fiscal Period
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt;"><div style="display: inline; font-style: italic;">Fiscal Year</div></div> <div style=" text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">The Company<div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#x2019;s fiscal year is a <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">52</div>- or <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">53</div>-week period ending on the Sunday nearest to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 30. </div>Fiscal years <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015,</div> which ended on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> July 2, 2017 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 28, 2015, </div>respectively consisted of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">52</div> weeks. Fiscal year <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016,</div> which ended on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> July 3, 2016, </div>consisted of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">53</div> weeks<div style="display: inline; font-weight: bold;">.</div></div></div></div></div></div></div></div>
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CY2016 us-gaap Gain Loss On Sale Of Business
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CY2015 us-gaap Gain Loss On Sale Of Business
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-8331000
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9277000
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10216000
CY2015 us-gaap Increase Decrease In Inventories
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77667000
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77097000
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0
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0
CY2015 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
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570000
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15077000
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520281000
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CY2016 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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1990000
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IncomeLossFromContinuingOperations
20287000
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56009000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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51447000
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30314000
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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44041000
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35868000
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19384000
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0.55
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0.30
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15579000
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IncomeTaxExpenseBenefit
10930000
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13400000
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IncomeTaxesPaidNet
5100000
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9132000
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-6429000
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4210000
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29000
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-66000
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89000
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
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1089000
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2979000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2609000
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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1560000
CY2015 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2544000
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2187000
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2626000
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54749000
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71261000
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77299000
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103490000
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61090000
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79000000
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-5753000
CY2017 us-gaap Interest Paid
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4400000
CY2016 us-gaap Interest Paid
InterestPaid
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CY2015 us-gaap Interest Paid
InterestPaid
4300000
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34476000
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44264000
CY2017Q3 us-gaap Inventory Net
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75862000
CY2016Q3 us-gaap Inventory Net
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103328000
CY2017Q3 us-gaap Inventory Raw Materials Net Of Reserves
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29453000
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34491000
CY2017Q3 us-gaap Inventory Work In Process Net Of Reserves
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11933000
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24573000
CY2017Q3 us-gaap Liabilities
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270231000
CY2016Q3 us-gaap Liabilities
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260355000
CY2017Q3 us-gaap Liabilities And Stockholders Equity
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552470000
CY2016Q3 us-gaap Liabilities And Stockholders Equity
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502941000
CY2017Q3 us-gaap Liabilities Current
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125175000
CY2016Q3 us-gaap Liabilities Current
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120861000
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations
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101377000
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations
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94396000
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15471000
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14839000
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
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7188000
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19594000
CY2017Q3 us-gaap Long Term Debt Current
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7188000
CY2016Q3 us-gaap Long Term Debt Current
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19594000
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CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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87000
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-180000
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9581000
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-133000
CY2017 us-gaap Nature Of Operations
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline;">Note <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div></div>. Description of Business</div></div> <div style=" text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">800</div>-FLOWERS.COM, Inc. and its subsidiaries (collectively, the &#x201c;Company&#x201d;) is a leading provider of gourmet food and floral gifts for all occasions. For the past <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">40</div> years, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">800</div>-FLOWERS&reg; (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">800</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">356</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9377</div> or <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">www.1800flowers.com</div>) has been helping deliver smiles for our customers with gifts for every occasion, including fresh flowers and the finest selection of plants, gift baskets, gourmet foods, confections, candles, balloons and plush stuffed animals. As always, our <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">100%</div> Smile Guarantee&reg; backs every gift.</div> <div style=" text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt;">&nbsp;</div> <div style=" text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt;">The Company<div style="display: inline; font-family: Times New Roman, Times, serif; font-size: 10pt;">&#x2019;s BloomNet&reg; international floral wire service (www.mybloomnet.net) provides a broad range of quality products and value-added services designed to help professional florists grow their businesses profitably. The <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">800</div>-FLOWERS.COM, Inc. &#x201c;Gift Shop&#x201d; also includes gourmet gifts such as premium, gift-quality fruits and other gourmet items from Harry &amp; David&reg; (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">877</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">322</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1200</div> or www.harryanddavid.com), popcorn and specialty treats from The Popcorn Factory&reg; (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">800</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">541</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2676</div> or www.thepopcornfactory.com); cookies and baked gifts from Cheryl&#x2019;s&reg; (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">800</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">443</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8124</div> or www.cheryls.com); gift baskets and towers from <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">800</div>-Baskets.com&reg; (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">www.1800baskets.com</div>); premium English muffins and other breakfast treats from Wolferman&#x2019;s&reg; (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">800</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">999</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1910</div> or www.wolfermans.com); carved fresh fruit arrangements from FruitBouquets.com (www.fruitbouquets.com); and top quality steaks and chops from Stock Yards&reg; (www.stockyards.com).</div></div></div>
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CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6102000
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5542000
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
3517000
CY2017 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
286000
CY2016Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
25000000
CY2017Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
17200000
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
282239000
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
242586000
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
186118000
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
210256000
CY2017Q3 us-gaap Trading Securities
TradingSecurities
6916000
CY2016Q3 us-gaap Trading Securities
TradingSecurities
4852000
CY2017 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1120706
CY2016 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1714550
CY2015 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1056038
CY2017Q3 us-gaap Treasury Stock Value
TreasuryStockValue
88790000
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
78055000
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10735000
CY2016 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
15223000
CY2015 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
8360000
CY2017Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
400000
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
800000
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt;"><div style="display: inline; font-style: italic;">Use of Estimates</div></div> <div style=" text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</div></div></div></div></div></div>
CY2016Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
2104000
CY2017Q3 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
1846000
CY2015Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
2235000
CY2014Q2 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
2443000
CY2017 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
1158000
CY2016 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
1278000
CY2015 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
1295000
CY2017 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
1416000
CY2016 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
1409000
CY2015 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
1503000
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67735000
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67083000
CY2015 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67602000
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65191000
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64896000
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64976000

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