2011 Form 10-K Financial Statement
#000119312512074109 Filed on February 23, 2012
Income Statement
| Concept | 2011 | 2010 | 2009 |
|---|---|---|---|
| Revenue | $230.4M | $159.9M | $112.8M |
| YoY Change | 44.09% | 41.76% | -18.79% |
| Cost Of Revenue | $121.4M | $85.90M | $63.10M |
| YoY Change | 41.33% | 36.13% | -24.34% |
| Gross Profit | $109.0M | $74.00M | $49.70M |
| YoY Change | 47.3% | 48.89% | -10.61% |
| Gross Profit Margin | 47.31% | 46.28% | 44.06% |
| Selling, General & Admin | $59.80M | $42.30M | $35.50M |
| YoY Change | 41.37% | 19.15% | -22.66% |
| % of Gross Profit | 54.86% | 57.16% | 71.43% |
| Research & Development | $14.30M | $10.70M | $11.10M |
| YoY Change | 33.64% | -3.6% | -26.97% |
| % of Gross Profit | 13.12% | 14.46% | 22.33% |
| Depreciation & Amortization | $11.09M | $7.520M | $5.890M |
| YoY Change | 47.47% | 27.67% | -11.83% |
| % of Gross Profit | 10.17% | 10.16% | 11.85% |
| Operating Expenses | $74.10M | $53.00M | $46.70M |
| YoY Change | 39.81% | 13.49% | -23.44% |
| Operating Profit | $34.90M | $21.00M | $3.000M |
| YoY Change | 66.19% | 600.0% | -155.56% |
| Interest Expense | -$2.000M | -$600.0K | -$600.0K |
| YoY Change | 233.33% | 0.0% | 50.0% |
| % of Operating Profit | -5.73% | -2.86% | -20.0% |
| Other Income/Expense, Net | -$400.0K | -$600.0K | -$600.0K |
| YoY Change | -33.33% | 0.0% | |
| Pretax Income | $32.40M | $19.70M | $1.900M |
| YoY Change | 64.47% | 936.84% | -132.2% |
| Income Tax | -$3.000M | $200.0K | $800.0K |
| % Of Pretax Income | -9.26% | 1.02% | 42.11% |
| Net Earnings | $35.40M | $19.60M | $1.100M |
| YoY Change | 80.61% | 1681.82% | -117.74% |
| Net Earnings / Revenue | 15.36% | 12.26% | 0.98% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $465.2K | $278.4K | $16.22K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 49.75M | ||
| Diluted Shares Outstanding | 76.09M | 46.93M | 45.21M |
Balance Sheet
| Concept | 2011 | 2010 | 2009 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $179.1M | $37.30M | $24.90M |
| YoY Change | 380.16% | 49.8% | 12.16% |
| Cash & Equivalents | $179.1M | $37.30M | $24.90M |
| Short-Term Investments | |||
| Other Short-Term Assets | $5.700M | $3.200M | $3.100M |
| YoY Change | 78.13% | 3.23% | -46.55% |
| Inventory | $25.30M | $23.80M | $18.40M |
| Prepaid Expenses | |||
| Receivables | $51.20M | $35.80M | $23.80M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $261.4M | $100.1M | $70.20M |
| YoY Change | 161.14% | 42.59% | -5.52% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $29.60M | $27.70M | $24.80M |
| YoY Change | 6.86% | 11.69% | 2.9% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $10.30M | $3.700M | $3.100M |
| YoY Change | 178.38% | 19.35% | 3.33% |
| Total Long-Term Assets | $201.6M | $108.7M | $80.20M |
| YoY Change | 85.46% | 35.54% | 1.91% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $261.4M | $100.1M | $70.20M |
| Total Long-Term Assets | $201.6M | $108.7M | $80.20M |
| Total Assets | $463.0M | $208.8M | $150.4M |
| YoY Change | 121.74% | 38.83% | -1.7% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $25.90M | $26.60M | $13.00M |
| YoY Change | -2.63% | 104.62% | -23.98% |
| Accrued Expenses | $13.00M | $14.40M | $8.500M |
| YoY Change | -9.72% | 69.41% | 28.79% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $200.0K | $200.0K | $200.0K |
| YoY Change | 0.0% | 0.0% | -93.94% |
| Total Short-Term Liabilities | $59.00M | $57.70M | $33.40M |
| YoY Change | 2.25% | 72.75% | -14.36% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $138.7M | $8.100M | $8.300M |
| YoY Change | 1612.35% | -2.41% | -2.35% |
| Other Long-Term Liabilities | $10.40M | $10.00M | $3.900M |
| YoY Change | 4.0% | 156.41% | 18.18% |
| Total Long-Term Liabilities | $149.1M | $18.10M | $12.20M |
| YoY Change | 723.76% | 48.36% | 3.39% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $59.00M | $57.70M | $33.40M |
| Total Long-Term Liabilities | $149.1M | $18.10M | $12.20M |
| Total Liabilities | $208.2M | $75.70M | $45.70M |
| YoY Change | 175.03% | 65.65% | -10.04% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $254.8M | $133.1M | $104.7M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $463.0M | $208.8M | $150.4M |
| YoY Change | 121.74% | 38.83% | -1.7% |
Cashflow Statement
| Concept | 2011 | 2010 | 2009 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $35.40M | $19.60M | $1.100M |
| YoY Change | 80.61% | 1681.82% | -117.74% |
| Depreciation, Depletion And Amortization | $11.09M | $7.520M | $5.890M |
| YoY Change | 47.47% | 27.67% | -11.83% |
| Cash From Operating Activities | $27.66M | $31.84M | $7.730M |
| YoY Change | -13.13% | 311.9% | -322.13% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$3.210M | -$1.590M | -$1.200M |
| YoY Change | 101.89% | 32.5% | -80.36% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$92.50M | -$19.19M | -$4.050M |
| YoY Change | 382.02% | 373.83% | -217.39% |
| Cash From Investing Activities | -$95.71M | -$20.77M | -$5.240M |
| YoY Change | 360.81% | 296.37% | 97.74% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 210.0M | 1.040M | 270.0K |
| YoY Change | 20090.38% | 285.19% | -118.88% |
| NET CHANGE | |||
| Cash From Operating Activities | 27.66M | 31.84M | 7.730M |
| Cash From Investing Activities | -95.71M | -20.77M | -5.240M |
| Cash From Financing Activities | 210.0M | 1.040M | 270.0K |
| Net Change In Cash | 141.9M | 12.11M | 2.760M |
| YoY Change | 1072.01% | 338.77% | -136.51% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $27.66M | $31.84M | $7.730M |
| Capital Expenditures | -$3.210M | -$1.590M | -$1.200M |
| Free Cash Flow | $30.87M | $33.43M | $8.930M |
| YoY Change | -7.66% | 274.36% | 239.54% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
49748000 | |
| CY2009 | ddd |
Transfer Of Equipment From Inventory To Property And Equipment Net
TransferOfEquipmentFromInventoryToPropertyAndEquipmentNet
|
1323000 | |
| CY2010 | ddd |
Transfer Of Equipment From Inventory To Property And Equipment Net
TransferOfEquipmentFromInventoryToPropertyAndEquipmentNet
|
2484000 | |
| CY2011 | ddd |
Transfer Of Equipment From Inventory To Property And Equipment Net
TransferOfEquipmentFromInventoryToPropertyAndEquipmentNet
|
3714000 | |
| CY2009 | ddd |
Transfer Of Equipment To Inventory From Property And Equipment Net
TransferOfEquipmentToInventoryFromPropertyAndEquipmentNet
|
915000 | |
| CY2010 | ddd |
Transfer Of Equipment To Inventory From Property And Equipment Net
TransferOfEquipmentToInventoryFromPropertyAndEquipmentNet
|
265000 | |
| CY2011 | ddd |
Transfer Of Equipment To Inventory From Property And Equipment Net
TransferOfEquipmentToInventoryFromPropertyAndEquipmentNet
|
1068000 | |
| CY2010Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
22045000 | |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
143881000 | |
| CY2009Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
2736000 | |
| CY2010Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
2480000 | |
| CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
2217000 | |
| CY2009 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
45210000 | |
| CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
46928000 | |
| CY2011 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50723000 |
