2016 Q1 Form 10-Q Financial Statement

#000089056416000081 Filed on May 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $582.0M $430.0M
YoY Change 35.34% 5.7%
Cost Of Revenue $394.3M $294.2M
YoY Change 34.02% 5.55%
Gross Profit $187.8M $135.9M
YoY Change 38.2% 6.02%
Gross Profit Margin 32.26% 31.6%
Selling, General & Admin $139.9M $105.9M
YoY Change 32.04% 10.22%
% of Gross Profit 74.49% 77.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.43M $8.665M
YoY Change 78.04% -3.28%
% of Gross Profit 8.22% 6.38%
Operating Expenses $139.9M $105.9M
YoY Change 32.04% 10.22%
Operating Profit $37.76M $25.07M
YoY Change 50.6% -5.42%
Interest Expense $9.025M $3.067M
YoY Change 194.26% -7.84%
% of Operating Profit 23.9% 12.23%
Other Income/Expense, Net
YoY Change
Pretax Income $28.73M $22.00M
YoY Change 30.58% -5.07%
Income Tax $11.38M $8.981M
% Of Pretax Income 39.62% 40.82%
Net Earnings $17.40M $39.14M
YoY Change -55.54% 181.2%
Net Earnings / Revenue 2.99% 9.1%
Basic Earnings Per Share $0.33 $0.76
Diluted Earnings Per Share $0.32 $0.75
COMMON SHARES
Basic Shares Outstanding 53.15M shares 51.52M shares
Diluted Shares Outstanding 53.64M shares 52.21M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.40M $76.40M
YoY Change -62.83% 226.5%
Cash & Equivalents $28.37M $76.36M
Short-Term Investments
Other Short-Term Assets $3.585M $11.16M
YoY Change -67.88% 265.3%
Inventory
Prepaid Expenses $8.849M $4.712M
Receivables $378.1M $287.8M
Other Receivables $13.30M $13.80M
Total Short-Term Assets $432.2M $409.8M
YoY Change 5.47% 17.88%
LONG-TERM ASSETS
Property, Plant & Equipment $54.48M $44.95M
YoY Change 21.19% 11.85%
Goodwill $875.7M $510.2M
YoY Change 71.64% -11.31%
Intangibles $653.9M $423.7M
YoY Change 54.31% -9.53%
Long-Term Investments
YoY Change
Other Assets $6.650M $7.339M
YoY Change -9.39% -19.11%
Total Long-Term Assets $1.345B $807.9M
YoY Change 66.47% -10.91%
TOTAL ASSETS
Total Short-Term Assets $432.2M $409.8M
Total Long-Term Assets $1.345B $807.9M
Total Assets $1.777B $1.218B
YoY Change 45.94% -2.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.164M $6.157M
YoY Change 0.11% 8.26%
Accrued Expenses $125.8M $100.1M
YoY Change 25.67% -8.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $18.30M
YoY Change 0.0%
Total Short-Term Liabilities $175.8M $154.7M
YoY Change 13.62% -1.58%
LONG-TERM LIABILITIES
Long-Term Debt $723.2M $316.3M
YoY Change 128.64% -15.78%
Other Long-Term Liabilities $5.033M $8.072M
YoY Change -37.65% -30.41%
Total Long-Term Liabilities $728.3M $324.4M
YoY Change 124.5% -16.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $175.8M $154.7M
Total Long-Term Liabilities $728.3M $324.4M
Total Liabilities $965.6M $542.8M
YoY Change 77.89% -8.6%
SHAREHOLDERS EQUITY
Retained Earnings $267.0M $192.5M
YoY Change 38.72% 20.2%
Common Stock $551.3M $490.6M
YoY Change 12.37% -1.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $811.4M $674.8M
YoY Change
Total Liabilities & Shareholders Equity $1.777B $1.218B
YoY Change 45.94% -2.93%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $17.40M $39.14M
YoY Change -55.54% 181.2%
Depreciation, Depletion And Amortization $15.43M $8.665M
YoY Change 78.04% -3.28%
Cash From Operating Activities $38.23M $19.94M
YoY Change 91.69% -561.54%
INVESTING ACTIVITIES
Capital Expenditures $7.282M $8.000M
YoY Change -8.98% 99.0%
Acquisitions
YoY Change
Other Investing Activities -$176.0K -$12.00K
YoY Change 1366.67% -90.77%
Cash From Investing Activities -$1.106M $106.9M
YoY Change -101.03% -2847.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $1.645M
YoY Change -100.0%
Debt Paid & Issued, Net $33.00M $80.56M
YoY Change -59.04% -23.64%
Cash From Financing Activities -$32.57M -$81.49M
YoY Change -60.03% 1420.56%
NET CHANGE
Cash From Operating Activities $38.23M $19.94M
Cash From Investing Activities -$1.106M $106.9M
Cash From Financing Activities -$32.57M -$81.49M
Net Change In Cash $4.555M $45.35M
YoY Change -89.96% -434.21%
FREE CASH FLOW
Cash From Operating Activities $38.23M $19.94M
Capital Expenditures $7.282M $8.000M
Free Cash Flow $30.95M $11.94M
YoY Change 159.11% -243.18%

Facts In Submission

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0.32
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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409000 USD
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
53000 USD
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.51
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.50
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8981000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11384000 USD
CY2015Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1142000 USD
CY2016Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3926000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
205000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2290000 USD
CY2015Q1 us-gaap Increase Decrease In Accounts Receivable
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14584000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
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25362000 USD
CY2015Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-539000 USD
CY2016Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
3067000 USD
CY2015Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
245630000 USD
CY2016Q1 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
245761000 USD
CY2015Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
542540000 USD
CY2016Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
543043000 USD
CY2015Q1 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
3160000 USD
CY2016Q1 us-gaap Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
22640000 USD
CY2015Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2868000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
7584000 USD
CY2015Q1 us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
-309000 USD
CY2016Q1 us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
-699000 USD
CY2015Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
690000 shares
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
497000 shares
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
417925000 USD
CY2016Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
408099000 USD
CY2015Q1 us-gaap Interest Expense
InterestExpense
3067000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
9025000 USD
CY2015Q1 us-gaap Interest Paid Net
InterestPaidNet
2695000 USD
CY2016Q1 us-gaap Interest Paid Net
InterestPaidNet
7261000 USD
CY2015Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3500000 USD
CY2016Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3500000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
982513000 USD
CY2016Q1 us-gaap Liabilities
Liabilities
965618000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1767307000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1777055000 USD
CY2015Q4 us-gaap Liabilities Current
LiabilitiesCurrent
160350000 USD
CY2016Q1 us-gaap Liabilities Current
LiabilitiesCurrent
175754000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
755508000 USD
CY2016Q1 us-gaap Long Term Debt
LongTermDebt
723219000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
755508000 USD
CY2016Q1 us-gaap Long Term Debt Noncurrent
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723219000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-81487000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-31653000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
106896000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1106000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
19943000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
37314000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
39135000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
17401000 USD
CY2016Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
25071000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
37757000 USD
CY2015Q4 us-gaap Other Assets Current
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9607000 USD
CY2016Q1 us-gaap Other Assets Current
OtherAssetsCurrent
3585000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
7072000 USD
CY2015Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
47425000 USD
CY2016Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
40637000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5116000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5033000 USD
CY2015Q1 us-gaap Other Noncash Income
OtherNoncashIncome
-1930000 USD
CY2016Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6650000 USD
CY2015Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-3724000 USD
CY2016Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
1343000 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
47000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2016Q1 us-gaap Other Noncash Income
OtherNoncashIncome
-4308000 USD
CY2015Q1 us-gaap Payments For Other Taxes
PaymentsForOtherTaxes
3991000 USD
CY2016Q1 us-gaap Payments For Other Taxes
PaymentsForOtherTaxes
3590000 USD
CY2015Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-12000 USD
CY2016Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-176000 USD
CY2015Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1645000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2015Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
486000 USD
CY2016Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8000000 USD
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7282000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense Current
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12686000 USD
CY2016Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
8849000 USD
CY2015Q1 us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
ProFormaWeightedAverageSharesOutstandingDiluted
53046000 shares
CY2015Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
123000000 USD
CY2015Q1 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
114884000 USD
CY2016Q1 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
6000000 USD
CY2015Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
3555000 USD
CY2016Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
4023000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
53196000 USD
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
54481000 USD
CY2015Q1 us-gaap Repayments Of Long Term Debt
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80563000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
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33000000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
249567000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
266968000 USD
CY2015Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
430045000 USD
CY2016Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
582040000 USD
CY2015Q4 us-gaap Secured Debt
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774000000 USD
CY2016Q1 us-gaap Secured Debt
SecuredDebt
741000000 USD
CY2015Q4 us-gaap Self Insurance Reserve
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1800000 USD
CY2016Q1 us-gaap Self Insurance Reserve
SelfInsuranceReserve
1600000 USD
CY2015Q1 us-gaap Selling General And Administrative Expense
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105935000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
139881000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3954000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
6924000 USD
CY2015Q4 us-gaap Stockholders Equity
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784794000 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
811437000 USD
CY2015Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
-18500000 USD
CY2016Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
-17781000 USD
CY2015Q1 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
52314000 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52209000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53644000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51519000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53147000 shares
CY2015Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
15020000 USD
CY2016Q1 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
14910000 USD

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