2015 Q2 Form 10-Q Financial Statement

#000000684515000019 Filed on July 09, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $240.0M $210.9M
YoY Change 13.79% 17.61%
Cost Of Revenue $184.4M $169.4M
YoY Change 8.81% 18.56%
Gross Profit $55.59M $41.44M
YoY Change 34.15% 13.88%
Gross Profit Margin 23.17% 19.65%
Selling, General & Admin $37.36M $33.62M
YoY Change 11.13% 11.07%
% of Gross Profit 67.22% 81.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.741M $6.766M
YoY Change 14.41% 3.92%
% of Gross Profit 13.93% 16.33%
Operating Expenses $37.36M $33.62M
YoY Change 11.13% 11.07%
Operating Profit $18.22M $7.817M
YoY Change 133.13% 27.83%
Interest Expense $167.0K $193.0K
YoY Change -13.47% -61.32%
% of Operating Profit 0.92% 2.47%
Other Income/Expense, Net $48.00K $1.283M
YoY Change -96.26% 1759.42%
Pretax Income $18.34M $9.156M
YoY Change 100.33% 56.27%
Income Tax $6.216M $3.054M
% Of Pretax Income 33.89% 33.36%
Net Earnings $12.13M $6.102M
YoY Change 98.72% 46.72%
Net Earnings / Revenue 5.05% 2.89%
Basic Earnings Per Share $0.42 $0.21
Diluted Earnings Per Share $0.41 $0.21
COMMON SHARES
Basic Shares Outstanding 29.04M shares 28.78M shares
Diluted Shares Outstanding 29.48M shares 29.39M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.48M $25.21M
YoY Change 151.8% -62.33%
Cash & Equivalents $28.20M $24.65M
Short-Term Investments $35.28M $564.0K
Other Short-Term Assets $8.100M $10.90M
YoY Change -25.69% 17.2%
Inventory $62.49M $50.42M
Prepaid Expenses
Receivables $160.3M $154.7M
Other Receivables $3.400M $0.00
Total Short-Term Assets $297.7M $233.7M
YoY Change 27.43% -0.43%
LONG-TERM ASSETS
Property, Plant & Equipment $192.4M $197.1M
YoY Change -2.42% 20.17%
Goodwill $74.69M $78.56M
YoY Change -4.93% 27.99%
Intangibles $22.42M $27.22M
YoY Change -17.64% 108.3%
Long-Term Investments $9.700M $10.20M
YoY Change -4.9% -14.29%
Other Assets $10.08M $9.877M
YoY Change 2.06% 25.29%
Total Long-Term Assets $310.1M $324.8M
YoY Change -4.51% 23.65%
TOTAL ASSETS
Total Short-Term Assets $297.7M $233.7M
Total Long-Term Assets $310.1M $324.8M
Total Assets $607.9M $558.4M
YoY Change 8.85% 12.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.79M $47.03M
YoY Change 12.24% 44.79%
Accrued Expenses $30.50M $27.10M
YoY Change 12.55% 27.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $37.00K $52.00K
YoY Change -28.85% -10.34%
Total Short-Term Liabilities $136.0M $129.1M
YoY Change 5.36% 33.41%
LONG-TERM LIABILITIES
Long-Term Debt $21.73M $20.66M
YoY Change 5.17% -0.42%
Other Long-Term Liabilities $37.36M $32.58M
YoY Change 14.65% 24.85%
Total Long-Term Liabilities $59.08M $53.24M
YoY Change 10.97% 13.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $136.0M $129.1M
Total Long-Term Liabilities $59.08M $53.24M
Total Liabilities $195.1M $182.3M
YoY Change 7.0% 26.97%
SHAREHOLDERS EQUITY
Retained Earnings $262.3M $224.4M
YoY Change 16.91% 6.6%
Common Stock $9.743M $9.701M
YoY Change 0.43% 1.26%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $390.9M $356.7M
YoY Change
Total Liabilities & Shareholders Equity $607.9M $558.4M
YoY Change 8.85% 12.29%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $12.13M $6.102M
YoY Change 98.72% 46.72%
Depreciation, Depletion And Amortization $7.741M $6.766M
YoY Change 14.41% 3.92%
Cash From Operating Activities $20.90M $1.200M
YoY Change 1641.67% -154.55%
INVESTING ACTIVITIES
Capital Expenditures $8.752M $8.738M
YoY Change 0.16% 477.91%
Acquisitions
YoY Change
Other Investing Activities -$34.90M $1.400M
YoY Change -2592.86% -91.19%
Cash From Investing Activities -$43.67M -$7.355M
YoY Change 493.69% -151.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $863.0K
YoY Change -100.0%
Debt Paid & Issued, Net $10.00K $12.00K
YoY Change -16.67% -99.88%
Cash From Financing Activities -$435.0K -$5.528M
YoY Change -92.13% -56.93%
NET CHANGE
Cash From Operating Activities 20.90M 1.200M
Cash From Investing Activities -$43.67M -$7.355M
Cash From Financing Activities -$435.0K -$5.528M
Net Change In Cash -$44.10M -$12.88M
YoY Change 242.32% -954.88%
FREE CASH FLOW
Cash From Operating Activities $20.90M $1.200M
Capital Expenditures $8.752M $8.738M
Free Cash Flow $12.15M -$7.538M
YoY Change -261.16% 103.07%

Facts In Submission

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10000 USD
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12.70
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1250000 USD
CY2015Q2 us-gaap Share Based Compensation
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CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
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22.67
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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12.88
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400000 USD
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5700000 USD
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CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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0.00
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y1M0D
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P4Y10M0D
CY2014Q1 us-gaap Shares Outstanding
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CY2015Q1 us-gaap Shares Outstanding
SharesOutstanding
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CY2015Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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600000 USD
CY2014Q2 us-gaap Stock Issued During Period Shares Share Based Compensation
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CY2014Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
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160000 shares
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28000 shares
CY2014Q2 us-gaap Stock Repurchased And Retired During Period Shares
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CY2015Q1 us-gaap Stockholders Equity
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382476000 USD
CY2015Q2 us-gaap Stockholders Equity
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390904000 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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29385000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29479000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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28777000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29044000 shares

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