2015 Q2 Form 10-Q Financial Statement

#000162828015005394 Filed on July 23, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $268.3M $296.1M
YoY Change -9.37% 59.08%
Cost Of Revenue $168.2M $184.0M
YoY Change -8.61% 57.3%
Gross Profit $100.2M $112.1M
YoY Change -10.63% 62.1%
Gross Profit Margin 37.33% 37.85%
Selling, General & Admin $51.57M $49.02M
YoY Change 5.19% 64.35%
% of Gross Profit 51.48% 43.74%
Research & Development $10.36M $11.85M
YoY Change -12.61% 67.83%
% of Gross Profit 10.34% 10.57%
Depreciation & Amortization $18.60M $17.30M
YoY Change 7.51% 27.21%
% of Gross Profit 18.57% 15.44%
Operating Expenses $61.92M $60.87M
YoY Change 1.73% 65.01%
Operating Profit $56.19M $63.05M
YoY Change -10.89% 60.4%
Interest Expense $7.195M $4.784M
YoY Change 50.4% -2.41%
% of Operating Profit 12.81% 7.59%
Other Income/Expense, Net -$4.943M -$4.827M
YoY Change 2.4% 0.04%
Pretax Income $51.24M $58.23M
YoY Change -11.99% 68.84%
Income Tax $4.398M $3.493M
% Of Pretax Income 8.58% 6.0%
Net Earnings $46.85M $54.73M
YoY Change -14.41% 70.67%
Net Earnings / Revenue 17.46% 18.49%
Basic Earnings Per Share $2.35 $2.45
Diluted Earnings Per Share $2.22 $2.24
COMMON SHARES
Basic Shares Outstanding 19.57M shares 22.09M shares
Diluted Shares Outstanding 20.67M shares 24.17M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $130.1M $127.9M
YoY Change 1.72% -28.07%
Cash & Equivalents $130.1M $127.9M
Short-Term Investments
Other Short-Term Assets $5.147M $2.210M
YoY Change 132.9% 1373.33%
Inventory
Prepaid Expenses $5.484M $4.212M
Receivables $116.8M $125.0M
Other Receivables $2.800M $2.600M
Total Short-Term Assets $270.9M $271.8M
YoY Change -0.32% -9.12%
LONG-TERM ASSETS
Property, Plant & Equipment $126.6M $101.0M
YoY Change 25.43% 76.49%
Goodwill $90.85M $61.94M
YoY Change 46.67% 315.29%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $20.23M $19.26M
YoY Change 5.06% 27.43%
Total Long-Term Assets $465.1M $439.2M
YoY Change 5.89% 27.66%
TOTAL ASSETS
Total Short-Term Assets $270.9M $271.8M
Total Long-Term Assets $465.1M $439.2M
Total Assets $736.0M $711.0M
YoY Change 3.52% 10.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.21M $22.59M
YoY Change -54.82% 246.62%
Accrued Expenses $29.27M $27.87M
YoY Change 5.02% -29.98%
Deferred Revenue
YoY Change
Short-Term Debt $6.800M $5.300M
YoY Change 28.3% 1.92%
Long-Term Debt Due $5.945M $3.975M
YoY Change 49.56% -0.63%
Total Short-Term Liabilities $107.2M $137.4M
YoY Change -21.98% 79.13%
LONG-TERM LIABILITIES
Long-Term Debt $564.0M $389.4M
YoY Change 44.84% -1.09%
Other Long-Term Liabilities $13.21M $11.73M
YoY Change 12.55% 775.6%
Total Long-Term Liabilities $577.2M $401.1M
YoY Change 43.9% 1.54%
TOTAL LIABILITIES
Total Short-Term Liabilities $107.2M $137.4M
Total Long-Term Liabilities $577.2M $401.1M
Total Liabilities $684.4M $538.5M
YoY Change 27.09% 14.16%
SHAREHOLDERS EQUITY
Retained Earnings $415.9M $330.4M
YoY Change 25.9% 84.62%
Common Stock $118.2M $115.8M
YoY Change 2.09% 1.77%
Preferred Stock
YoY Change
Treasury Stock (at cost) $486.6M $274.7M
YoY Change 77.14% 123.36%
Treasury Stock Shares 6.676M shares 3.472M shares
Shareholders Equity $47.60M $171.5M
YoY Change
Total Liabilities & Shareholders Equity $736.0M $711.0M
YoY Change 3.52% 10.55%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $46.85M $54.73M
YoY Change -14.41% 70.67%
Depreciation, Depletion And Amortization $18.60M $17.30M
YoY Change 7.51% 27.21%
Cash From Operating Activities $70.70M $75.20M
YoY Change -5.98% 29.88%
INVESTING ACTIVITIES
Capital Expenditures -$17.50M -$17.60M
YoY Change -0.57% 175.0%
Acquisitions
YoY Change
Other Investing Activities $28.10M $0.00
YoY Change -100.0%
Cash From Investing Activities $10.60M -$17.60M
YoY Change -160.23% -86.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.90M -46.30M
YoY Change 22.89% -127.3%
NET CHANGE
Cash From Operating Activities 70.70M 75.20M
Cash From Investing Activities 10.60M -17.60M
Cash From Financing Activities -56.90M -46.30M
Net Change In Cash 24.40M 11.30M
YoY Change 115.93% -87.95%
FREE CASH FLOW
Cash From Operating Activities $70.70M $75.20M
Capital Expenditures -$17.50M -$17.60M
Free Cash Flow $88.20M $92.80M
YoY Change -4.96% 44.32%

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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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P3Y5M27D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P5Y2M20D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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950000 USD
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530000 USD
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639000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
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203000 USD
CY2014Q4 us-gaap Stockholders Equity
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CY2015Q2 us-gaap Stockholders Equity
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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41443000 USD
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CY2014Q4 us-gaap Treasury Stock Shares
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80702000 USD
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WeightedAverageNumberOfSharesOutstandingBasic
19571000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19870000 shares

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