2017 Q2 Form 10-Q Financial Statement

#000146241817000026 Filed on August 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $250.7M $255.8M
YoY Change -2.0% -4.67%
Cost Of Revenue $185.4M $174.4M
YoY Change 6.32% 3.69%
Gross Profit $65.29M $81.43M
YoY Change -19.82% -18.7%
Gross Profit Margin 26.05% 31.83%
Selling, General & Admin $52.47M $54.21M
YoY Change -3.2% 5.12%
% of Gross Profit 80.36% 66.57%
Research & Development $10.94M $10.70M
YoY Change 2.22% 3.36%
% of Gross Profit 16.76% 13.14%
Depreciation & Amortization $18.30M $21.90M
YoY Change -16.44% 17.74%
% of Gross Profit 28.03% 26.89%
Operating Expenses $63.41M $64.91M
YoY Change -2.31% 4.83%
Operating Profit $12.82M $27.22M
YoY Change -52.9% -51.55%
Interest Expense $5.465M $5.988M
YoY Change -8.73% -16.78%
% of Operating Profit 42.62% 22.0%
Other Income/Expense, Net -$662.0K -$3.244M
YoY Change -79.59% -34.37%
Pretax Income $12.16M $23.98M
YoY Change -49.28% -53.21%
Income Tax $2.438M $3.291M
% Of Pretax Income 20.05% 13.73%
Net Earnings $9.722M $20.69M
YoY Change -53.0% -55.84%
Net Earnings / Revenue 3.88% 8.09%
Basic Earnings Per Share $0.49 $1.08
Diluted Earnings Per Share $0.48 $1.02
COMMON SHARES
Basic Shares Outstanding 18.34M shares 18.44M shares
Diluted Shares Outstanding 18.84M shares 19.60M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $182.9M $158.6M
YoY Change 15.32% 21.91%
Cash & Equivalents $114.2M $120.5M
Short-Term Investments $68.70M $38.10M
Other Short-Term Assets $7.293M $10.65M
YoY Change -31.54% 106.97%
Inventory
Prepaid Expenses $7.950M $7.975M
Receivables $72.98M $100.2M
Other Receivables $13.00M $1.000M
Total Short-Term Assets $290.2M $286.5M
YoY Change 1.31% 5.75%
LONG-TERM ASSETS
Property, Plant & Equipment $87.06M $114.6M
YoY Change -24.02% -9.52%
Goodwill $86.28M $81.41M
YoY Change 5.99% -10.4%
Intangibles
YoY Change
Long-Term Investments $5.100M $5.400M
YoY Change -5.56%
Other Assets $11.00M $12.69M
YoY Change -13.27% -37.3%
Total Long-Term Assets $326.4M $389.0M
YoY Change -16.09% -16.36%
TOTAL ASSETS
Total Short-Term Assets $290.2M $286.5M
Total Long-Term Assets $326.4M $389.0M
Total Assets $616.6M $675.5M
YoY Change -8.71% -8.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.17M $15.11M
YoY Change -26.11% 48.07%
Accrued Expenses $30.55M $29.91M
YoY Change 2.16% 2.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $5.945M $5.945M
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $101.5M $120.7M
YoY Change -15.91% 12.6%
LONG-TERM LIABILITIES
Long-Term Debt $439.5M $469.8M
YoY Change -6.45% -16.71%
Other Long-Term Liabilities $8.906M $16.56M
YoY Change -46.22% 25.41%
Total Long-Term Liabilities $448.4M $486.3M
YoY Change -7.8% -15.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $101.5M $120.7M
Total Long-Term Liabilities $448.4M $486.3M
Total Liabilities $549.9M $607.1M
YoY Change -9.41% -11.3%
SHAREHOLDERS EQUITY
Retained Earnings $341.9M $403.5M
YoY Change -15.25% -2.99%
Common Stock $135.5M $125.3M
YoY Change 8.13% 5.98%
Preferred Stock
YoY Change
Treasury Stock (at cost) $416.3M $454.5M
YoY Change -8.39% -6.59%
Treasury Stock Shares 7.379M shares 7.063M shares
Shareholders Equity $65.07M $67.10M
YoY Change
Total Liabilities & Shareholders Equity $616.6M $675.5M
YoY Change -8.71% -8.22%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $9.722M $20.69M
YoY Change -53.0% -55.84%
Depreciation, Depletion And Amortization $18.30M $21.90M
YoY Change -16.44% 17.74%
Cash From Operating Activities $30.90M $40.40M
YoY Change -23.51% -42.86%
INVESTING ACTIVITIES
Capital Expenditures -$3.800M -$6.400M
YoY Change -40.63% -63.43%
Acquisitions
YoY Change
Other Investing Activities -$18.80M
YoY Change -166.9%
Cash From Investing Activities -$3.800M -$25.30M
YoY Change -84.98% -338.68%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.80M -54.30M
YoY Change -45.12% -4.57%
NET CHANGE
Cash From Operating Activities 30.90M 40.40M
Cash From Investing Activities -3.800M -25.30M
Cash From Financing Activities -29.80M -54.30M
Net Change In Cash -2.700M -39.20M
YoY Change -93.11% -260.66%
FREE CASH FLOW
Cash From Operating Activities $30.90M $40.40M
Capital Expenditures -$3.800M -$6.400M
Free Cash Flow $34.70M $46.80M
YoY Change -25.85% -46.94%

Facts In Submission

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48200000 USD
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12441000 USD
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986000 USD
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15.81
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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24.23
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q4 us-gaap Treasury Stock Shares
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CY2017Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
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19746000 USD
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18573000 USD
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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19604000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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19822000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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18836000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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19069000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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18437000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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18646000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18335000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18497000 shares

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