2018 Q1 Form 10-Q Financial Statement
#000089056418000051 Filed on May 10, 2018
Income Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
Revenue | $685.2M | $626.5M |
YoY Change | 9.36% | 7.64% |
Cost Of Revenue | $467.5M | $428.4M |
YoY Change | 9.13% | 8.66% |
Gross Profit | $217.7M | $198.1M |
YoY Change | 9.87% | 5.52% |
Gross Profit Margin | 31.77% | 31.63% |
Selling, General & Admin | $164.4M | $146.1M |
YoY Change | 12.55% | 4.43% |
% of Gross Profit | 75.52% | 73.72% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $14.40M | $14.48M |
YoY Change | -0.52% | -6.17% |
% of Gross Profit | 6.61% | 7.31% |
Operating Expenses | $164.4M | $146.1M |
YoY Change | 12.55% | 4.43% |
Operating Profit | $45.70M | $43.61M |
YoY Change | 4.8% | 15.5% |
Interest Expense | $6.600M | $8.501M |
YoY Change | -22.36% | -5.81% |
% of Operating Profit | 14.44% | 19.49% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $39.10M | $35.11M |
YoY Change | 11.37% | 22.19% |
Income Tax | $9.900M | $12.73M |
% Of Pretax Income | 25.32% | 36.25% |
Net Earnings | $29.10M | $22.39M |
YoY Change | 29.96% | 28.68% |
Net Earnings / Revenue | 4.25% | 3.57% |
Basic Earnings Per Share | $0.56 | $0.43 |
Diluted Earnings Per Share | $0.55 | $0.42 |
COMMON SHARES | ||
Basic Shares Outstanding | 52.20M shares | 52.66M shares |
Diluted Shares Outstanding | 52.80M shares | 53.25M shares |
Balance Sheet
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $77.90M | $24.00M |
YoY Change | 224.58% | -15.49% |
Cash & Equivalents | $77.90M | $24.01M |
Short-Term Investments | ||
Other Short-Term Assets | $5.049M | $3.048M |
YoY Change | 65.65% | -14.98% |
Inventory | ||
Prepaid Expenses | $10.65M | $6.817M |
Receivables | $443.3M | $394.4M |
Other Receivables | $15.40M | $13.70M |
Total Short-Term Assets | $552.3M | $442.0M |
YoY Change | 24.95% | 2.27% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $57.07M | $59.57M |
YoY Change | -4.2% | 9.34% |
Goodwill | $894.9M | $873.9M |
YoY Change | 2.4% | -0.2% |
Intangibles | $591.3M | $614.9M |
YoY Change | -3.83% | -5.96% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $8.563M | $7.324M |
YoY Change | 16.92% | 10.14% |
Total Long-Term Assets | $1.306B | $1.310B |
YoY Change | -0.32% | -2.59% |
TOTAL ASSETS | ||
Total Short-Term Assets | $552.3M | $442.0M |
Total Long-Term Assets | $1.306B | $1.310B |
Total Assets | $1.858B | $1.752B |
YoY Change | 6.05% | -1.41% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $14.47M | $7.342M |
YoY Change | 97.04% | 19.11% |
Accrued Expenses | $137.8M | $127.3M |
YoY Change | 8.25% | 1.19% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $182.7M | $167.7M |
YoY Change | 9.0% | -4.61% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $565.9M | $617.1M |
YoY Change | -8.29% | -14.68% |
Other Long-Term Liabilities | $9.827M | $6.783M |
YoY Change | 44.88% | 34.77% |
Total Long-Term Liabilities | $575.8M | $623.9M |
YoY Change | -7.71% | -14.34% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $182.7M | $167.7M |
Total Long-Term Liabilities | $575.8M | $623.9M |
Total Liabilities | $827.9M | $865.8M |
YoY Change | -4.37% | -10.34% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $457.5M | $330.3M |
YoY Change | 38.53% | 23.71% |
Common Stock | $574.9M | $565.4M |
YoY Change | 1.68% | 2.55% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $1.030B | $886.3M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.858B | $1.752B |
YoY Change | 6.05% | -1.41% |
Cashflow Statement
Concept | 2018 Q1 | 2017 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $29.10M | $22.39M |
YoY Change | 29.96% | 28.68% |
Depreciation, Depletion And Amortization | $14.40M | $14.48M |
YoY Change | -0.52% | -6.17% |
Cash From Operating Activities | $54.70M | $43.80M |
YoY Change | 24.89% | 14.58% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $6.200M | $6.792M |
YoY Change | -8.72% | -6.73% |
Acquisitions | $0.00 | |
YoY Change | ||
Other Investing Activities | $0.00 | -$17.00K |
YoY Change | -100.0% | -90.34% |
Cash From Investing Activities | -$6.200M | -$6.775M |
YoY Change | -8.49% | 512.57% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $0.00 | $12.14M |
YoY Change | -100.0% | |
Debt Paid & Issued, Net | $10.00M | $26.00M |
YoY Change | -61.54% | -21.21% |
Cash From Financing Activities | -$7.700M | -$40.22M |
YoY Change | -80.85% | 23.48% |
NET CHANGE | ||
Cash From Operating Activities | $54.70M | $43.80M |
Cash From Investing Activities | -$6.200M | -$6.775M |
Cash From Financing Activities | -$7.700M | -$40.22M |
Net Change In Cash | $40.80M | -$3.190M |
YoY Change | -1379.0% | -170.03% |
FREE CASH FLOW | ||
Cash From Operating Activities | $54.70M | $43.80M |
Capital Expenditures | $6.200M | $6.792M |
Free Cash Flow | $48.50M | $37.01M |
YoY Change | 31.05% | 19.59% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2017Q4 | asgn |
Allowanceforfalloutsandbillingadjustments
Allowanceforfalloutsandbillingadjustments
|
3100000 | USD |
CY2018Q1 | asgn |
Contractual Quarterly Payments
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|
2100000 | USD |
CY2018Q1 | asgn |
Leverage Ratio
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|
1.80 | |
CY2018Q1 | asgn |
Number Of Leased Properties Owned By Related Parties
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|
2 | property |
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Revenueas Percentageof Consolidated Revenue
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|
1.000 | |
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Revenueas Percentageof Consolidated Revenue
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1.000 | |
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Workers Compensation Provision
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Workers Compensation Provision
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Q1 | |
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2018 | |
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2018-03-31 | |
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10-Q | |
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Increase Decrease In Other Operating Assets
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2018Q1 | us-gaap |
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|
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|
653000 | shares |
CY2017Q4 | us-gaap |
Indefinite Lived Trademarks
IndefiniteLivedTrademarks
|
245942000 | USD |
CY2018Q1 | us-gaap |
Indefinite Lived Trademarks
IndefiniteLivedTrademarks
|
245977000 | USD |
CY2017Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
551301000 | USD |
CY2018Q1 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
551685000 | USD |
CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
352766000 | USD |
CY2018Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
345370000 | USD |
CY2017Q1 | us-gaap |
Interest Expense
InterestExpense
|
8501000 | USD |
CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
6545000 | USD |
CY2017Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
7492000 | USD |
CY2018Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
5329000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
818738000 | USD |
CY2018Q1 | us-gaap |
Liabilities
Liabilities
|
827943000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1810129000 | USD |
CY2018Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1858159000 | USD |
CY2017Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
166717000 | USD |
CY2018Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
182748000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
575213000 | USD |
CY2018Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
565929000 | USD |
CY2017Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
575213000 | USD |
CY2018Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
565929000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-40215000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-7667000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6775000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6218000 | USD |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
43800000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
54733000 | USD |
CY2017Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
22391000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
29092000 | USD |
CY2018Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2017Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
43608000 | USD |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
45692000 | USD |
CY2017Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
3026000 | USD |
CY2018Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
5049000 | USD |
CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
5749000 | USD |
CY2018Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
8563000 | USD |
CY2017Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
702000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
1475000 | USD |
CY2017Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
29009000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
29669000 | USD |
CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
7372000 | USD |
CY2018Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
9827000 | USD |
CY2017Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-2990000 | USD |
CY2018Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1236000 | USD |
CY2017Q1 | us-gaap |
Payments For Other Taxes
PaymentsForOtherTaxes
|
5782000 | USD |
CY2018Q1 | us-gaap |
Payments For Other Taxes
PaymentsForOtherTaxes
|
2055000 | USD |
CY2017Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-17000 | USD |
CY2018Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
20000 | USD |
CY2017Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
12136000 | USD |
CY2018Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
CY2017Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2403000 | USD |
CY2018Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD |
CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6792000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6198000 | USD |
CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2018Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
18592000 | USD |
CY2018Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
10646000 | USD |
CY2017Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
2000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD |
CY2017Q1 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
4106000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
4388000 | USD |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
57996000 | USD |
CY2018Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
57067000 | USD |
CY2017Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
2807000 | USD |
CY2018Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
483000 | USD |
CY2017Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
26000000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
10000000 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
428419000 | USD |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
457511000 | USD |
CY2017Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
626528000 | USD |
CY2018Q1 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
685173000 | USD |
CY2017Q4 | us-gaap |
Secured Debt
SecuredDebt
|
588000000 | USD |
CY2018Q1 | us-gaap |
Secured Debt
SecuredDebt
|
578000000 | USD |
CY2017Q4 | us-gaap |
Self Insurance Reserve
SelfInsuranceReserve
|
2100000 | USD |
CY2018Q1 | us-gaap |
Self Insurance Reserve
SelfInsuranceReserve
|
2100000 | USD |
CY2017Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
146072000 | USD |
CY2018Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
164444000 | USD |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5570000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4891000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
129514 | shares |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
991391000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1030216000 | USD |
CY2017Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
12787000 | USD |
CY2018Q1 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
12071000 | USD |
CY2017Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
53249000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
52831000 | shares |
CY2017Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
52658000 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
52178000 | shares |
CY2017Q4 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
14777000 | USD |
CY2018Q1 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
17479000 | USD |