2017 Q2 Form 10-Q Financial Statement

#000089056417000094 Filed on August 07, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $653.3M $608.1M
YoY Change 7.44% 25.3%
Cost Of Revenue $440.4M $406.0M
YoY Change 8.47% 24.24%
Gross Profit $212.9M $202.1M
YoY Change 5.37% 27.47%
Gross Profit Margin 32.59% 33.23%
Selling, General & Admin $145.2M $141.4M
YoY Change 2.71% 18.91%
% of Gross Profit 68.18% 69.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.30M $15.40M
YoY Change -7.14% 38.74%
% of Gross Profit 6.72% 7.62%
Operating Expenses $145.2M $141.4M
YoY Change 2.71% 18.91%
Operating Profit $59.46M $50.70M
YoY Change 17.27% 55.01%
Interest Expense $6.067M $7.959M
YoY Change -23.77% 68.05%
% of Operating Profit 10.2% 15.7%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $53.39M $42.75M
YoY Change 24.91% 76.46%
Income Tax $20.16M $16.73M
% Of Pretax Income 37.75% 39.14%
Net Earnings $33.10M $26.00M
YoY Change 27.28% 82.46%
Net Earnings / Revenue 5.07% 4.28%
Basic Earnings Per Share $0.63 $0.49
Diluted Earnings Per Share $0.62 $0.48
COMMON SHARES
Basic Shares Outstanding 52.82M shares 53.42M shares
Diluted Shares Outstanding 53.47M shares 53.91M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.00M $34.80M
YoY Change -45.4% -16.95%
Cash & Equivalents $18.96M $34.78M
Short-Term Investments
Other Short-Term Assets $3.117M $3.248M
YoY Change -4.03% -62.94%
Inventory
Prepaid Expenses $8.761M $7.822M
Receivables $417.3M $383.7M
Other Receivables $14.50M $12.70M
Total Short-Term Assets $462.7M $442.2M
YoY Change 4.63% 5.87%
LONG-TERM ASSETS
Property, Plant & Equipment $59.80M $56.02M
YoY Change 6.75% 8.3%
Goodwill $875.4M $874.9M
YoY Change 0.06% -0.45%
Intangibles $607.3M $643.5M
YoY Change -5.62% -6.27%
Long-Term Investments
YoY Change
Other Assets $7.193M $6.763M
YoY Change 6.36% -15.05%
Total Long-Term Assets $1.304B $1.335B
YoY Change -2.36% -3.19%
TOTAL ASSETS
Total Short-Term Assets $462.7M $442.2M
Total Long-Term Assets $1.304B $1.335B
Total Assets $1.767B $1.778B
YoY Change -0.62% -1.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.314M $5.554M
YoY Change 13.68% -30.23%
Accrued Expenses $134.8M $132.2M
YoY Change 1.97% 12.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $178.4M $177.6M
YoY Change 0.43% 3.77%
LONG-TERM LIABILITIES
Long-Term Debt $579.8M $691.9M
YoY Change -16.21% -16.64%
Other Long-Term Liabilities $6.757M $5.694M
YoY Change 18.67% 11.78%
Total Long-Term Liabilities $586.5M $697.6M
YoY Change -15.92% -16.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $178.4M $177.6M
Total Long-Term Liabilities $586.5M $697.6M
Total Liabilities $839.3M $936.8M
YoY Change -10.41% -12.62%
SHAREHOLDERS EQUITY
Retained Earnings $363.4M $290.3M
YoY Change 25.16% 40.45%
Common Stock $570.2M $558.5M
YoY Change 2.09% 6.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $927.4M $840.9M
YoY Change
Total Liabilities & Shareholders Equity $1.767B $1.778B
YoY Change -0.62% -1.08%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $33.10M $26.00M
YoY Change 27.28% 82.46%
Depreciation, Depletion And Amortization $14.30M $15.40M
YoY Change -7.14% 38.74%
Cash From Operating Activities $39.80M $61.90M
YoY Change -35.7% 90.46%
INVESTING ACTIVITIES
Capital Expenditures -$6.400M -$6.600M
YoY Change -3.03% 24.53%
Acquisitions
YoY Change
Other Investing Activities -$100.0K -$500.0K
YoY Change -80.0% -99.91%
Cash From Investing Activities -$6.600M -$7.200M
YoY Change -8.33% -98.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.10M -48.30M
YoY Change -19.05% -109.82%
NET CHANGE
Cash From Operating Activities 39.80M 61.90M
Cash From Investing Activities -6.600M -7.200M
Cash From Financing Activities -39.10M -48.30M
Net Change In Cash -5.900M 6.400M
YoY Change -192.19% -118.82%
FREE CASH FLOW
Cash From Operating Activities $39.80M $61.90M
Capital Expenditures -$6.400M -$6.600M
Free Cash Flow $46.20M $68.50M
YoY Change -32.55% 81.22%

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CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2016Q4 us-gaap Indefinite Lived Trademarks
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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CY2017Q2 us-gaap Letters Of Credit Outstanding Amount
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CY2016Q4 us-gaap Liabilities And Stockholders Equity
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CY2017Q2 us-gaap Liabilities And Stockholders Equity
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3845000 USD
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us-gaap Other Payments To Acquire Businesses
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1937000 USD
us-gaap Other Payments To Acquire Businesses
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us-gaap Payments For Other Taxes
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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2787000 USD
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Merger Related Costs Financing Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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CY2016Q4 us-gaap Preferred Stock Shares Issued
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CY2017Q2 us-gaap Preferred Stock Shares Issued
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CY2016Q4 us-gaap Preferred Stock Value
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CY2016Q4 us-gaap Prepaid Expense Current
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us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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us-gaap Proceeds From Issuance Of Long Term Debt
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7000000 USD
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us-gaap Proceeds From Issuance Or Sale Of Equity
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us-gaap Proceeds From Issuance Or Sale Of Equity
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CY2016Q4 us-gaap Property Plant And Equipment Net
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64000000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2016Q2 us-gaap Sales Revenue Services Net
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us-gaap Sales Revenue Services Net
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CY2017Q2 us-gaap Self Insurance Reserve
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us-gaap Stock Issued During Period Shares New Issues
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CY2016Q2 us-gaap Stock Repurchase Program Authorized Amount1
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us-gaap Stock Repurchased And Retired During Period Shares
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us-gaap Stock Repurchased And Retired During Period Value
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CY2016Q4 us-gaap Stockholders Equity
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CY2016Q4 us-gaap Unamortized Debt Issuance Expense
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14218000 USD
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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53783000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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53375000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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52741000 shares
CY2016Q4 us-gaap Workers Compensation Liability Current
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15784000 USD
CY2017Q2 us-gaap Workers Compensation Liability Current
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16686000 USD

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