2020 Q2 Form 10-Q Financial Statement

#000137778920000037 Filed on May 12, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $61.40M $64.23M $54.04M
YoY Change -4.4% 2.75% -12.97%
Cost Of Revenue $39.40M $41.60M $37.78M
YoY Change -5.29% 5.85% -14.06%
Gross Profit $22.00M $22.60M $16.26M
YoY Change -2.65% -2.52% -10.35%
Gross Profit Margin 35.83% 35.19% 30.08%
Selling, General & Admin $15.20M $14.70M $13.41M
YoY Change 3.4% -5.77% -9.07%
% of Gross Profit 69.09% 65.04% 82.49%
Research & Development $4.900M $5.500M $5.350M
YoY Change -10.91% 7.84% 12.54%
% of Gross Profit 22.27% 24.34% 32.91%
Depreciation & Amortization $1.110M $1.060M $1.024M
YoY Change 4.72% -13.11% -26.38%
% of Gross Profit 5.05% 4.69% 6.3%
Operating Expenses $20.10M $20.20M $18.76M
YoY Change -0.5% -2.42% -3.79%
Operating Profit $1.900M $2.502M -$2.503M
YoY Change -24.06% 146.75% 83.37%
Interest Expense $100.0K $100.0K $7.000K
YoY Change 0.0% 40.0%
% of Operating Profit 5.26% 4.0%
Other Income/Expense, Net $0.00 $0.00 -$1.000K
YoY Change -98.15%
Pretax Income $1.300M $2.600M -$2.438M
YoY Change -50.0% 136.36% 77.31%
Income Tax $600.0K -$1.200M -$6.777M
% Of Pretax Income 46.15% -46.15%
Net Earnings $700.0K $3.839M $4.339M
YoY Change -81.77% 7009.26% -265.42%
Net Earnings / Revenue 1.14% 5.98% 8.03%
Basic Earnings Per Share $0.71 $0.81
Diluted Earnings Per Share $64.22K $0.69 $0.78
COMMON SHARES
Basic Shares Outstanding 5.393M shares 5.378M shares 5.381M shares
Diluted Shares Outstanding 5.577M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.20M $31.90M $36.10M
YoY Change 22.88% -14.71% -3.73%
Cash & Equivalents $39.21M $31.95M $36.05M
Short-Term Investments
Other Short-Term Assets $11.16M $4.825M $4.664M
YoY Change 131.38% -25.56% -21.84%
Inventory $15.50M $8.573M $10.31M
Prepaid Expenses
Receivables $48.15M $51.94M $45.62M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $137.4M $126.0M $126.1M
YoY Change 9.05% 2.05% 3.9%
LONG-TERM ASSETS
Property, Plant & Equipment $17.60M $17.26M $16.85M
YoY Change 2.01% 0.44% -0.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.377M $12.08M $12.10M
YoY Change -47.2% 20.82% 22.35%
Total Long-Term Assets $42.37M $43.20M $41.13M
YoY Change -1.92% 32.52% 26.4%
TOTAL ASSETS
Total Short-Term Assets $137.4M $126.0M $126.1M
Total Long-Term Assets $42.37M $43.20M $41.13M
Total Assets $179.8M $169.2M $167.2M
YoY Change 6.25% 8.41% 8.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.43M $35.61M $34.17M
YoY Change 7.95% 15.31% 7.91%
Accrued Expenses $23.17M $22.56M $22.23M
YoY Change 2.73% -12.79% 5.29%
Deferred Revenue $21.49M $13.96M $18.51M
YoY Change 53.88% 9.94%
Short-Term Debt $9.000M $9.000M $9.000M
YoY Change 0.0% 0.0% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $96.02M $82.21M $85.37M
YoY Change 16.8% -4.92% 3.44%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $620.0K $820.0K $953.0K
YoY Change -24.39% -34.4% -10.43%
Total Long-Term Liabilities $620.0K $820.0K $953.0K
YoY Change -24.39% -34.4% -10.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.02M $82.21M $85.37M
Total Long-Term Liabilities $620.0K $820.0K $953.0K
Total Liabilities $112.8M $97.68M $99.60M
YoY Change 15.5% -0.88% 5.24%
SHAREHOLDERS EQUITY
Retained Earnings -$731.9M -$731.0M -$734.8M
YoY Change 0.12% -1.31% -1.55%
Common Stock $54.00K $54.00K $54.00K
YoY Change 0.0% 0.0% 1.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $66.94M $71.52M $67.61M
YoY Change
Total Liabilities & Shareholders Equity $179.8M $169.2M $167.2M
YoY Change 6.25% 8.41% 8.66%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $700.0K $3.839M $4.339M
YoY Change -81.77% 7009.26% -265.42%
Depreciation, Depletion And Amortization $1.110M $1.060M $1.024M
YoY Change 4.72% -13.11% -26.38%
Cash From Operating Activities $3.820M -$2.400M $5.910M
YoY Change -259.17% -358.06% -412.7%
INVESTING ACTIVITIES
Capital Expenditures -$1.530M -$1.170M -$840.0K
YoY Change 30.77% -22.52% -50.88%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.530M -$1.170M -$840.0K
YoY Change 30.77% -6.4% -50.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -390.0K -550.0K -430.0K
YoY Change -29.09% 5400.0% -4400.0%
NET CHANGE
Cash From Operating Activities 3.820M -2.400M 5.910M
Cash From Investing Activities -1.530M -1.170M -840.0K
Cash From Financing Activities -390.0K -550.0K -430.0K
Net Change In Cash 1.900M -4.120M 4.640M
YoY Change -146.12% 1148.48% -229.25%
FREE CASH FLOW
Cash From Operating Activities $3.820M -$2.400M $5.910M
Capital Expenditures -$1.530M -$1.170M -$840.0K
Free Cash Flow $5.350M -$1.230M $6.750M
YoY Change -534.96% -150.41% -3850.0%

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167000 USD
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112000 USD
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318000 USD
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us-gaap Lease And Rental Expense
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2800000 USD
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2705000 USD
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2010000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
231000 USD
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320000 USD
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583000 USD
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1618000 USD
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LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
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112818000 USD
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CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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OperatingLeaseLiability
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CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
8300000 USD
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OperatingLeaseLiabilityCurrent
0 USD
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OperatingLeaseLiabilityCurrent
2396000 USD
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2400000 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 USD
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2493000 USD
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2500000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1400000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
4000000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4608000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4600000 USD
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7900000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.067
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OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M
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2052000 USD
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OperatingLeasesFutureMinimumPaymentsDueInFiveYears
249000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
243000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
456000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
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CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
2090000 USD
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4825000 USD
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OtherAssetsCurrent
11164000 USD
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OtherAssetsNoncurrent
12077000 USD
CY2020Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6377000 USD
CY2020Q2 us-gaap Other Commitment
OtherCommitment
57700000 USD
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-88000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-426000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2374000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-2477000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-88000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-426000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2374000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-2477000 USD
CY2019Q2 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
1649000 USD
CY2020Q2 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
2620000 USD
CY2019Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
820000 USD
CY2020Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
620000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
0 USD
CY2019Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
291000 USD
CY2019Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
665000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
770000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
561000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
764000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4083000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3945000 USD
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2019Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
27000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
27000000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
30000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
11000 USD
CY2018Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3196000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3416000 USD
CY2019Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3434000 USD
CY2019Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3323000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3197000 USD
CY2020Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3250000 USD
CY2019Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3323000 USD
CY2020Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
3250000 USD
CY2019Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
448000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1394000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
439000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1322000 USD
CY2019Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
466000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1632000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
492000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1249000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
79667000 USD
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
82324000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17255000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17602000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-264000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
18000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
27000000 USD
CY2020Q2 us-gaap Restructuring Reserve
RestructuringReserve
1767000 USD
CY2019Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1089000 USD
CY2020Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1500000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
27000000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1870000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1772000 USD
CY2019Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5350000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15603000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4875000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15069000 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
255000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
253000 USD
CY2019Q1 us-gaap Restructuring Charges
RestructuringCharges
0 USD
us-gaap Restructuring Charges
RestructuringCharges
796000 USD
CY2019Q3 us-gaap Restructuring Charges
RestructuringCharges
1177000 USD
CY2019Q4 us-gaap Restructuring Charges
RestructuringCharges
381000 USD
us-gaap Restructuring Charges
RestructuringCharges
617000 USD
us-gaap Restructuring Charges
RestructuringCharges
2175000 USD
CY2019Q2 us-gaap Restructuring Reserve
RestructuringReserve
1327000 USD
CY2019Q3 us-gaap Restructuring Reserve
RestructuringReserve
2204000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
1920000 USD
CY2020Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1538000 USD
CY2020Q2 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
300000 USD
CY2019Q3 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
9000 USD
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-730998000 USD
CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-731884000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
54037000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
179629000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
61379000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
175990000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
71800000 USD
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P3Y
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.60
CY2020Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.40
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
200000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
300000 USD
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13408000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
41405000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15233000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
44334000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1396000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1315000 USD
CY2019Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
9000000 USD
CY2020Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
9000000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
393000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
63327000 USD
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1164000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
11000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
30000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
11000 USD
CY2019Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
433000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1870000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
371000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1772000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
57516000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
67607000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
71516000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
68467000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
66943000 USD
CY2019Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
27780000 USD
CY2020Q2 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
23420000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
400000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
95000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
251000 USD
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
196000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
252000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
62000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5577000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5634000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5457000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5390000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5381000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5382000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5395000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5390000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:start;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:none;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:0px;padding-top:12px;text-align:justify;padding-left:0px;text-indent:36px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">The preparation of unaudited condensed consolidated financial statements in accordance with U.S.&#160;GAAP requires us to make estimates, assumptions and judgments affecting the amounts reported and related disclosures. Estimates are based upon historical factors, current circumstances and the experience and judgment of our management. We evaluate our estimates and assumptions on an ongoing basis and may employ outside experts to assist us in making these evaluations. Changes in such estimates, based on more accurate information, or different assumptions or conditions, may affect amounts reported in future periods. Such estimates affect significant items, including revenue recognition, provision for uncollectible receivables, inventory valuation, valuation allowances for deferred tax assets, uncertainties in income taxes, lease liabilities, restructuring obligations, product warranty obligations, share-based awards, contingencies, recoverability of long-lived assets and useful lives of property, plant and equipment. The actual results that we experience may differ materially from our estimates.</font></div></div>

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