2018 Q2 Form 10-Q Financial Statement
#000072050018000041 Filed on August 09, 2018
Income Statement
Concept | 2018 Q2 | 2017 Q3 | 2017 Q2 |
---|---|---|---|
Revenue | $41.20M | $54.68M | $47.76M |
YoY Change | -13.74% | 28.93% | 43.24% |
Cost Of Revenue | $18.56M | -$25.53M | $32.26M |
YoY Change | -42.46% | -185.3% | 36.05% |
Gross Profit | $10.18M | $19.59M | $15.50M |
YoY Change | -34.31% | 57.04% | 60.96% |
Gross Profit Margin | 24.72% | 35.83% | 32.46% |
Selling, General & Admin | $6.775M | -$640.0K | $10.11M |
YoY Change | -32.97% | -106.24% | 16.65% |
% of Gross Profit | 66.53% | -3.27% | 65.2% |
Research & Development | $582.0K | $1.774M | |
YoY Change | -67.19% | -14.63% | |
% of Gross Profit | 5.72% | 11.44% | |
Depreciation & Amortization | $700.0K | $620.0K | $610.0K |
YoY Change | 14.75% | 51.22% | -40.78% |
% of Gross Profit | 6.87% | 3.16% | 3.93% |
Operating Expenses | $7.357M | -$2.490M | $11.88M |
YoY Change | -38.08% | -120.33% | 10.6% |
Operating Profit | $2.826M | $8.034M | $3.971M |
YoY Change | -28.83% | 3454.87% | -759.63% |
Interest Expense | $640.0K | $310.0K | -$140.0K |
YoY Change | -557.14% | 244.44% | -80.28% |
% of Operating Profit | 22.65% | 3.86% | -3.53% |
Other Income/Expense, Net | $410.0K | -$34.00K | |
YoY Change | -1305.88% | -87.17% | |
Pretax Income | $6.351M | $1.560M | $3.827M |
YoY Change | 65.95% | 387.5% | -391.91% |
Income Tax | $1.372M | $474.0K | $986.0K |
% Of Pretax Income | 21.6% | 30.38% | 25.76% |
Net Earnings | $4.971M | $7.317M | $3.287M |
YoY Change | 51.23% | -2667.37% | -371.88% |
Net Earnings / Revenue | 12.07% | 13.38% | 6.88% |
Basic Earnings Per Share | $0.33 | $0.53 | $0.25 |
Diluted Earnings Per Share | $0.33 | $0.51 | $0.25 |
COMMON SHARES | |||
Basic Shares Outstanding | 14.93M | 13.90M shares | 13.24M shares |
Diluted Shares Outstanding | 15.09M | 14.29M shares | 13.40M shares |
Balance Sheet
Concept | 2018 Q2 | 2017 Q3 | 2017 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $48.70M | $51.10M | $39.20M |
YoY Change | 24.23% | 84.48% | 38.52% |
Cash & Equivalents | $48.73M | $51.12M | $39.16M |
Short-Term Investments | |||
Other Short-Term Assets | $2.688M | $2.542M | $2.954M |
YoY Change | -9.0% | -4.26% | -32.82% |
Inventory | $22.59M | $30.21M | $23.19M |
Prepaid Expenses | |||
Receivables | $27.63M | $22.52M | $24.69M |
Other Receivables | $5.700M | $0.00 | $0.00 |
Total Short-Term Assets | $130.8M | $157.1M | $114.4M |
YoY Change | 14.29% | 89.47% | 26.74% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $16.31M | $15.79M | $15.08M |
YoY Change | 8.18% | -1.05% | -5.74% |
Goodwill | $11.34M | $11.41M | $11.22M |
YoY Change | 1.09% | 2.57% | 1.37% |
Intangibles | $3.039M | $3.495M | $3.643M |
YoY Change | -16.58% | -14.76% | -14.96% |
Long-Term Investments | $0.00 | $2.615M | $2.831M |
YoY Change | -100.0% | -13.75% | -4.36% |
Other Assets | $948.0K | $1.003M | $1.026M |
YoY Change | -7.6% | -8.4% | -9.04% |
Total Long-Term Assets | $31.64M | $34.51M | $34.00M |
YoY Change | -6.93% | -2.81% | -5.21% |
TOTAL ASSETS | |||
Total Short-Term Assets | $130.8M | $157.1M | $114.4M |
Total Long-Term Assets | $31.64M | $34.51M | $34.00M |
Total Assets | $162.4M | $191.6M | $148.4M |
YoY Change | 9.43% | 61.8% | 17.66% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $12.58M | $21.56M | $22.48M |
YoY Change | -44.05% | 39.99% | 22.12% |
Accrued Expenses | $3.077M | $2.056M | $1.863M |
YoY Change | 65.16% | -4.99% | -10.0% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $371.0K | $361.0K | $817.0K |
YoY Change | -54.59% | -68.17% | 13.0% |
Total Short-Term Liabilities | $44.66M | $85.97M | $64.09M |
YoY Change | -30.32% | 125.85% | 42.92% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $8.028M | $8.134M | $9.732M |
YoY Change | -17.51% | -10.59% | 1.1% |
Other Long-Term Liabilities | $3.300M | $7.000M | $6.500M |
YoY Change | -49.23% | 18.64% | 8.33% |
Total Long-Term Liabilities | $8.028M | $8.134M | $9.732M |
YoY Change | -17.51% | -10.59% | 1.1% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $44.66M | $85.97M | $64.09M |
Total Long-Term Liabilities | $8.028M | $8.134M | $9.732M |
Total Liabilities | $56.02M | $101.1M | $80.34M |
YoY Change | -30.27% | 90.5% | 32.93% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$12.44M | -$26.70M | -$34.02M |
YoY Change | -63.43% | -25.48% | -4.29% |
Common Stock | $150.0K | $147.0K | $133.0K |
YoY Change | 12.78% | 11.36% | 0.76% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $106.4M | $90.48M | $70.78M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $162.4M | $191.6M | $148.4M |
YoY Change | 9.43% | 61.8% | 17.66% |
Cashflow Statement
Concept | 2018 Q2 | 2017 Q3 | 2017 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $4.971M | $7.317M | $3.287M |
YoY Change | 51.23% | -2667.37% | -371.88% |
Depreciation, Depletion And Amortization | $700.0K | $620.0K | $610.0K |
YoY Change | 14.75% | 51.22% | -40.78% |
Cash From Operating Activities | -$3.080M | $23.11M | -$650.0K |
YoY Change | 373.85% | -46320.0% | -80.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$160.0K | -$900.0K | -$150.0K |
YoY Change | 6.67% | 66.67% | -40.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$10.00K | $0.00 | $10.00K |
YoY Change | -200.0% | -100.0% | |
Cash From Investing Activities | -$170.0K | -$900.0K | -$140.0K |
YoY Change | 21.43% | 221.43% | -44.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 450.0K | 11.91M | 880.0K |
YoY Change | -48.86% | -7105.88% | 2833.33% |
NET CHANGE | |||
Cash From Operating Activities | -3.080M | 23.11M | -650.0K |
Cash From Investing Activities | -170.0K | -900.0K | -140.0K |
Cash From Financing Activities | 450.0K | 11.91M | 880.0K |
Net Change In Cash | -2.800M | 34.12M | 90.00K |
YoY Change | -3211.11% | -6924.0% | -102.59% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$3.080M | $23.11M | -$650.0K |
Capital Expenditures | -$160.0K | -$900.0K | -$150.0K |
Free Cash Flow | -$2.920M | $24.01M | -$500.0K |
YoY Change | 484.0% | 4800.0% | -83.33% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
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2018 | ||
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Document Period End Date
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2018-03-31 | ||
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Document Type
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10-Q | ||
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CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
986000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1270000 | USD | |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1390000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-150000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
6616000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-9022000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
8997000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
5877000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
742000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-1742000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
10000 | USD | |
us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-206000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
245000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-6565000 | USD | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
17526000 | USD | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-34025000 | USD | |
us-gaap |
Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
|
626000 | USD | |
us-gaap |
Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
|
-486000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
5521000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-10034000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
3576000 | USD | |
us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-17956000 | USD | |
CY2017Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3495000 | USD |
CY2018Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
3039000 | USD |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
307000 | USD | |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
143000 | USD | |
CY2017Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
4343000 | USD |
CY2018Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
3283000 | USD |
CY2017Q3 | us-gaap |
Inventory Net
InventoryNet
|
30210000 | USD |
CY2018Q2 | us-gaap |
Inventory Net
InventoryNet
|
22590000 | USD |
CY2017Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
14789000 | USD |
CY2018Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
13995000 | USD |
CY2017Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
11078000 | USD |
CY2018Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
5312000 | USD |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
448000 | USD | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
195000 | USD | |
CY2017Q3 | us-gaap |
Liabilities
Liabilities
|
101140000 | USD |
CY2018Q2 | us-gaap |
Liabilities
Liabilities
|
56022000 | USD |
CY2017Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
191623000 | USD |
CY2018Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
162441000 | USD |
CY2017Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
85969000 | USD |
CY2018Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
44660000 | USD |
CY2017Q3 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
7037000 | USD |
CY2018Q2 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
3334000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
361000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
371000 | USD |
CY2017Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
8134000 | USD |
CY2018Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
8028000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
793000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1614000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-316000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-787000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
10941000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2647000 | USD | |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3287000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1812000 | USD | |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4971000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
14258000 | USD | |
CY2017Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-446000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-1045000 | USD | |
CY2018Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
0 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
0 | USD | |
us-gaap |
Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
|
0 | USD | |
us-gaap |
Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
|
5738000 | USD | |
CY2017Q3 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
0 | USD |
CY2018Q2 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
5738000 | USD |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | segment | |
CY2017Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3971000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2388000 | USD | |
CY2018Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2936000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
10767000 | USD | |
CY2017Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2542000 | USD |
CY2018Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
2688000 | USD |
CY2017Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1003000 | USD |
CY2018Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
948000 | USD |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
740000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
118000 | USD | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-2181000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-844000 | USD | |
CY2017Q3 | us-gaap |
Other Deferred Credits Current
OtherDeferredCreditsCurrent
|
4081000 | USD |
CY2018Q2 | us-gaap |
Other Deferred Credits Current
OtherDeferredCreditsCurrent
|
3560000 | USD |
CY2017Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-34000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-151000 | USD | |
CY2018Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
310000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
224000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
355000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
845000 | USD | |
CY2017Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2018Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2018Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
894000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1889000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
384000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
39000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
64000 | USD | |
CY2017Q3 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
1254000 | USD |
CY2018Q2 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
1223000 | USD |
CY2017Q2 | us-gaap |
Profit Loss
ProfitLoss
|
2841000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
767000 | USD | |
CY2018Q2 | us-gaap |
Profit Loss
ProfitLoss
|
4971000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
14258000 | USD | |
CY2017Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
15792000 | USD |
CY2018Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
16314000 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-898000 | USD | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
64000 | USD | |
CY2017Q3 | us-gaap |
Purchase Obligation
PurchaseObligation
|
34400000 | USD |
CY2018Q2 | us-gaap |
Purchase Obligation
PurchaseObligation
|
14600000 | USD |
CY2017Q3 | us-gaap |
Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
|
14275000 | USD |
CY2018Q2 | us-gaap |
Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
|
14748000 | USD |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
485000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
275000 | USD | |
CY2017Q2 | us-gaap |
Research And Development Arrangement With Federal Government Customer Funding To Offset Costs Incurred
ResearchAndDevelopmentArrangementWithFederalGovernmentCustomerFundingToOffsetCostsIncurred
|
351000 | USD |
us-gaap |
Research And Development Arrangement With Federal Government Customer Funding To Offset Costs Incurred
ResearchAndDevelopmentArrangementWithFederalGovernmentCustomerFundingToOffsetCostsIncurred
|
961000 | USD | |
CY2018Q2 | us-gaap |
Research And Development Arrangement With Federal Government Customer Funding To Offset Costs Incurred
ResearchAndDevelopmentArrangementWithFederalGovernmentCustomerFundingToOffsetCostsIncurred
|
162000 | USD |
us-gaap |
Research And Development Arrangement With Federal Government Customer Funding To Offset Costs Incurred
ResearchAndDevelopmentArrangementWithFederalGovernmentCustomerFundingToOffsetCostsIncurred
|
807000 | USD | |
CY2017Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
1774000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5547000 | USD | |
CY2018Q2 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2284000 | USD |
us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
7102000 | USD | |
CY2017Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
24640000 | USD |
CY2018Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
6876000 | USD |
CY2017Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-26699000 | USD |
CY2018Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-12441000 | USD |
CY2017Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
47760000 | USD |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
109839000 | USD | |
CY2018Q2 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
41200000 | USD |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
147594000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
978000 | USD | |
CY2018Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
200000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
600000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
632000 | USD | |
CY2017Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
10108000 | USD |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | ||
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
25366000 | USD | |
CY2018Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
9541000 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
29599000 | USD | |
CY2017Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
400000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1000000 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.5876 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0289 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | ||
CY2018Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
4000000 | USD |
CY2018Q1 | us-gaap |
Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
|
P1Y | |
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
90483000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
106419000 | USD |
us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
0 | shares | |
CY2017Q3 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
2600000 | USD |
CY2018Q2 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
|
600000 | USD |
CY2017Q3 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
4200000 | USD |
CY2018Q2 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
1200000 | USD |
CY2017Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
156000 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
85000 | shares | |
CY2018Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
166000 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
314000 | shares | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13398000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13288000 | shares | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
15091000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
15181000 | shares | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13242000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13203000 | shares | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14925000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14867000 | shares | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Concentrations of Credit Risk </font><font style="font-family:inherit;font-size:10pt;">– Our customers consist of solar cell and semiconductor manufacturers worldwide, as well as the lapping and polishing marketplace. Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash and trade accounts receivable. Credit risk is managed by performing ongoing credit evaluations of the customers’ financial condition, by requiring significant deposits where appropriate, and by actively monitoring collections. Letters of credit are required of certain customers depending on the size of the order, type of customer or its creditworthiness, and country of domicile. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2018</font><font style="font-family:inherit;font-size:10pt;">, two customers individually represented </font><font style="font-family:inherit;font-size:10pt;">23%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">14%</font><font style="font-family:inherit;font-size:10pt;"> of accounts receivable. As of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, two customers individually represented </font><font style="font-family:inherit;font-size:10pt;">24%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">11%</font><font style="font-family:inherit;font-size:10pt;"> of accounts receivable.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We maintain our cash, cash equivalents and restricted cash in multiple financial institutions. Balances in the United States, which account for approximately </font><font style="font-family:inherit;font-size:10pt;">60%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">45%</font><font style="font-family:inherit;font-size:10pt;"> of total cash balances as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, respectively, are primarily invested in U.S. Treasuries or are in financial institutions insured by the Federal Deposit Insurance Corporation (“FDIC”). The remainder of our cash is maintained with financial institutions with reputable credit ratings in The Netherlands, France, China, the United Kingdom, Singapore and Malaysia.</font></div></div> | ||
us-gaap |
Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Deferred Profit</font><font style="font-family:inherit;font-size:10pt;"> – Revenue deferred pursuant to our revenue policy, net of the related deferred costs, if any, is recorded as deferred profit in current liabilities.</font></div></div> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;"> – The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> |