2022 Q3 Form 10-Q Financial Statement

#000079461922000098 Filed on August 30, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q3
Revenue $542.9M $501.7M $442.6M
YoY Change 22.67% 5.98% 13.46%
Cost Of Revenue $456.1M $432.2M $389.2M
YoY Change 17.19% 8.32% 25.35%
Gross Profit $86.75M $69.49M $53.35M
YoY Change 62.61% -6.58% -32.95%
Gross Profit Margin 15.98% 13.85% 12.05%
Selling, General & Admin $55.95M $50.54M $46.62M
YoY Change 20.0% -2.34% -6.53%
% of Gross Profit 64.49% 72.73% 87.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.85M $23.90M $24.44M
YoY Change -2.43% 0.48% -7.25%
% of Gross Profit 27.49% 34.4% 45.82%
Operating Expenses $55.95M $50.54M $46.62M
YoY Change 20.0% -2.34% -6.53%
Operating Profit $30.80M $18.95M $6.411M
YoY Change 380.44% -16.29% -75.55%
Interest Expense -$4.053M -$2.988M -$2.173M
YoY Change 86.52% -44.37% -63.78%
% of Operating Profit -13.16% -15.77% -33.89%
Other Income/Expense, Net -$226.0K $131.0K -$28.00K
YoY Change 707.14% -100.95% -101.66%
Pretax Income $26.76M $17.07M $4.210M
YoY Change 535.65% 474.1% -80.76%
Income Tax $6.691M $2.544M $1.229M
% Of Pretax Income 25.0% 14.91% 29.19%
Net Earnings $20.07M $14.52M $2.981M
YoY Change 573.26% 307.18% -81.44%
Net Earnings / Revenue 3.7% 2.89% 0.67%
Basic Earnings Per Share $1.21 $0.18
Diluted Earnings Per Share $1.21 $876.5K $0.18
COMMON SHARES
Basic Shares Outstanding 16.58M shares 16.59M shares 16.66M shares
Diluted Shares Outstanding 16.62M shares 16.72M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.70M $22.33M $27.82M
YoY Change 21.13% -75.49% -78.28%
Cash & Equivalents $33.70M $22.33M $27.82M
Short-Term Investments
Other Short-Term Assets $21.16M $21.11M $15.07M
YoY Change 40.4% 52.31% 52.24%
Inventory $247.0M $228.3M $181.8M
Prepaid Expenses
Receivables $162.4M $157.0M $130.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $464.3M $428.7M $355.4M
YoY Change 30.64% 4.56% -8.39%
LONG-TERM ASSETS
Property, Plant & Equipment $207.2M $213.8M $206.9M
YoY Change 0.12% 4.81% 3.94%
Goodwill $767.6M $767.6M $767.6M
YoY Change 0.0% 0.0% 0.0%
Intangibles $76.11M
YoY Change
Long-Term Investments
YoY Change
Other Assets $24.09M $24.22M $12.21M
YoY Change 97.3% 97.67% -11.02%
Total Long-Term Assets $1.182B $1.204B $1.234B
YoY Change -4.24% -3.26% -3.54%
TOTAL ASSETS
Total Short-Term Assets $464.3M $428.7M $355.4M
Total Long-Term Assets $1.182B $1.204B $1.234B
Total Assets $1.646B $1.632B $1.590B
YoY Change 3.56% -1.32% -4.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $113.0M $111.4M $87.21M
YoY Change 29.55% 21.61% 38.82%
Accrued Expenses $121.5M $102.5M $109.5M
YoY Change 10.97% -14.91% -3.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.390M $2.264M $2.131M
YoY Change 12.15% -72.8% 2.11%
Total Short-Term Liabilities $236.9M $216.2M $198.8M
YoY Change 19.14% -1.91% 11.65%
LONG-TERM LIABILITIES
Long-Term Debt $486.4M $506.7M $491.4M
YoY Change -1.01% -1.31% -17.44%
Other Long-Term Liabilities $2.458M $3.229M $11.89M
YoY Change -79.33% -72.51% 4.64%
Total Long-Term Liabilities $2.458M $3.229M $11.89M
YoY Change -79.33% -72.51% 4.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $236.9M $216.2M $198.8M
Total Long-Term Liabilities $2.458M $3.229M $11.89M
Total Liabilities $239.3M $219.5M $210.7M
YoY Change 13.58% -5.48% 11.23%
SHAREHOLDERS EQUITY
Retained Earnings $419.5M $399.4M $432.1M
YoY Change -2.92% -10.9% 5.72%
Common Stock $364.1M $363.2M $359.7M
YoY Change 1.21% 0.19% -1.06%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $792.5M $772.9M $737.1M
YoY Change
Total Liabilities & Shareholders Equity $1.646B $1.632B $1.590B
YoY Change 3.56% -1.32% -4.67%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q3
OPERATING ACTIVITIES
Net Income $20.07M $14.52M $2.981M
YoY Change 573.26% 307.18% -81.44%
Depreciation, Depletion And Amortization $23.85M $23.90M $24.44M
YoY Change -2.43% 0.48% -7.25%
Cash From Operating Activities $37.30M $37.50M $6.588M
YoY Change 466.11% -15.29% -83.53%
INVESTING ACTIVITIES
Capital Expenditures $3.386M -$14.31M $11.87M
YoY Change -71.48% 39.83% 129.04%
Acquisitions
YoY Change
Other Investing Activities -$1.174M -$1.496M -$2.835M
YoY Change -58.59% -46.48% 5.0%
Cash From Investing Activities -$4.560M -$15.81M -$14.71M
YoY Change -68.99% 21.31% 87.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $25.00M
YoY Change -100.0%
Debt Paid & Issued, Net $20.59M $29.11M
YoY Change -29.25% 4490.69%
Cash From Financing Activities -$21.36M -236.0K -$55.14M
YoY Change -61.25% -99.26% 4620.46%
NET CHANGE
Cash From Operating Activities $37.30M 37.50M $6.588M
Cash From Investing Activities -$4.560M -15.81M -$14.71M
Cash From Financing Activities -$21.36M -236.0K -$55.14M
Net Change In Cash $11.37M 21.45M -$63.25M
YoY Change -117.98% -3218.31% -304.07%
FREE CASH FLOW
Cash From Operating Activities $37.30M $37.50M $6.588M
Capital Expenditures $3.386M -$14.31M $11.87M
Free Cash Flow $33.91M $51.81M -$5.283M
YoY Change -741.85% -4.94% -115.17%

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IncreaseDecreaseInAccountsReceivable
-16644000 usd
CY2022Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
19555000 usd
CY2021Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
23532000 usd
CY2022Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6190000 usd
CY2021Q3 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1751000 usd
CY2022Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1490000 usd
CY2021Q3 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-4560000 usd
CY2022Q3 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
9725000 usd
CY2021Q3 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-10538000 usd
CY2022Q3 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
7937000 usd
CY2021Q3 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
326000 usd
CY2022Q3 amwd Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-6814000 usd
CY2021Q3 amwd Increase Decrease In Operating Lease Liabilities
IncreaseDecreaseInOperatingLeaseLiabilities
-6610000 usd
CY2022Q3 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
4633000 usd
CY2021Q3 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-1186000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37295000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6588000 usd
CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3386000 usd
CY2021Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
11871000 usd
CY2022Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
15000 usd
CY2021Q3 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5000 usd
CY2022Q3 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
1189000 usd
CY2021Q3 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
2840000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4560000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14706000 usd
CY2022Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
20591000 usd
CY2021Q3 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
29105000 usd
CY2022Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2021Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
25000000 usd
CY2022Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
773000 usd
CY2021Q3 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1033000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 usd
CY2021Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
3000 usd
CY2022Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-21364000 usd
CY2021Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-55135000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11371000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-63253000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22325000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91071000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33696000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27818000 usd
CY2022Q3 us-gaap Contribution Of Property
ContributionOfProperty
76000 usd
CY2021Q3 us-gaap Contribution Of Property
ContributionOfProperty
152000 usd
CY2022Q3 us-gaap Interest Paid Net
InterestPaidNet
3864000 usd
CY2021Q3 us-gaap Interest Paid Net
InterestPaidNet
2139000 usd
CY2022Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
642000 usd
CY2021Q3 us-gaap Income Taxes Paid
IncomeTaxesPaid
991000 usd
CY2022Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16716000 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
20070000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
2981000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16584000 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16661000 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
36000 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
55000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16620000 shares
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1635000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1177000 usd
CY2022Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
175376000 usd
CY2022Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
168699000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
234000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
226000 usd
CY2022Q3 amwd Allowance For Returns And Discounts
AllowanceForReturnsAndDiscounts
12695000 usd
CY2022Q2 amwd Allowance For Returns And Discounts
AllowanceForReturnsAndDiscounts
11512000 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
162447000 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
156961000 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
104471000 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
90451000 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
59370000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
59180000 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
83180000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
78628000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
247021000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
228259000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
543742000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
541328000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
336554000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
327520000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
207188000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
213808000 usd
CY2022Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
9700000 usd
CY2021Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
9600000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
33200000 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
32800000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11400000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11400000 usd
CY2022Q3 amwd Product Warranty Claims Period
ProductWarrantyClaimsPeriod
P2M
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
6878000 usd
CY2021Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5249000 usd
CY2022Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
9095000 usd
CY2021Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4814000 usd
CY2022Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8109000 usd
CY2021Q3 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
4559000 usd
CY2022Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
7864000 usd
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5504000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.250
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.292
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
542893000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
442581000 usd

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