2015 Q1 Form 10-Q Financial Statement

#000114420415028614 Filed on May 08, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $413.2M $384.9M
YoY Change 7.35% -7.54%
Cost Of Revenue $316.4M $298.1M
YoY Change 6.15% -5.85%
Gross Profit $96.77M $86.79M
YoY Change 11.5% -12.9%
Gross Profit Margin 23.42% 22.55%
Selling, General & Admin $111.0M $104.0M
YoY Change 6.73% 6.45%
% of Gross Profit 114.7% 119.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.100M $7.200M
YoY Change 12.5% -4.0%
% of Gross Profit 8.37% 8.3%
Operating Expenses $111.0M $104.0M
YoY Change 6.71% 6.45%
Operating Profit -$14.21M -$17.21M
YoY Change -17.46% -984.48%
Interest Expense $2.522M $2.532M
YoY Change -0.39% 27.49%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$16.73M -$19.74M
YoY Change -15.28% 49260.0%
Income Tax -$6.942M -$7.627M
% Of Pretax Income
Net Earnings -$9.786M -$12.12M
YoY Change -19.24% 7426.09%
Net Earnings / Revenue -2.37% -3.15%
Basic Earnings Per Share -$0.20 -$0.25
Diluted Earnings Per Share -$0.20 -$0.25
COMMON SHARES
Basic Shares Outstanding 49.51M shares 49.26M shares
Diluted Shares Outstanding 49.51M shares 49.26M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.00M $34.00M
YoY Change -32.35% 103.59%
Cash & Equivalents $22.96M $34.04M
Short-Term Investments
Other Short-Term Assets $88.30M $119.6M
YoY Change -26.17% 35.29%
Inventory $361.3M $421.8M
Prepaid Expenses
Receivables $248.2M $230.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $705.9M $805.8M
YoY Change -12.4% 22.86%
LONG-TERM ASSETS
Property, Plant & Equipment $85.05M $70.76M
YoY Change 20.2% 14.91%
Goodwill $488.3M $466.7M
YoY Change 4.64% -0.62%
Intangibles $91.65M $79.21M
YoY Change 15.71%
Long-Term Investments
YoY Change
Other Assets $3.012M $88.33M
YoY Change -96.59% -15.9%
Total Long-Term Assets $668.0M $625.7M
YoY Change 6.76% -1.64%
TOTAL ASSETS
Total Short-Term Assets $705.9M $805.8M
Total Long-Term Assets $668.0M $625.7M
Total Assets $1.374B $1.432B
YoY Change -4.02% 10.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $202.7M $308.2M
YoY Change -34.23% 66.48%
Accrued Expenses $80.55M $72.45M
YoY Change 11.18% 5.57%
Deferred Revenue
YoY Change
Short-Term Debt $3.900M $0.00
YoY Change -100.0%
Long-Term Debt Due $16.61M $15.35M
YoY Change 8.25% 1.15%
Total Short-Term Liabilities $303.8M $396.0M
YoY Change -23.28% 20.03%
LONG-TERM LIABILITIES
Long-Term Debt $178.2M $211.8M
YoY Change -15.84% -1.03%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $178.2M $211.8M
YoY Change -15.84% -1.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $303.8M $396.0M
Total Long-Term Liabilities $178.2M $211.8M
Total Liabilities $555.5M $668.2M
YoY Change -16.87% 11.01%
SHAREHOLDERS EQUITY
Retained Earnings $498.2M $444.1M
YoY Change 12.19% 14.84%
Common Stock $495.0K $492.0K
YoY Change 0.61% 1.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $818.5M $763.4M
YoY Change
Total Liabilities & Shareholders Equity $1.391B $1.432B
YoY Change -2.87% 10.8%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$9.786M -$12.12M
YoY Change -19.24% 7426.09%
Depreciation, Depletion And Amortization $8.100M $7.200M
YoY Change 12.5% -4.0%
Cash From Operating Activities $22.30M -$18.10M
YoY Change -223.2% -32.21%
INVESTING ACTIVITIES
Capital Expenditures -$2.300M -$6.400M
YoY Change -64.06% -16.88%
Acquisitions
YoY Change
Other Investing Activities $200.0K $100.0K
YoY Change 100.0% -75.0%
Cash From Investing Activities -$2.000M -$6.300M
YoY Change -68.25% -13.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.20M 2.300M
YoY Change -978.26% -85.53%
NET CHANGE
Cash From Operating Activities 22.30M -18.10M
Cash From Investing Activities -2.000M -6.300M
Cash From Financing Activities -20.20M 2.300M
Net Change In Cash 100.0K -22.10M
YoY Change -100.45% 22.1%
FREE CASH FLOW
Cash From Operating Activities $22.30M -$18.10M
Capital Expenditures -$2.300M -$6.400M
Free Cash Flow $24.60M -$11.70M
YoY Change -310.26% -38.42%

Facts In Submission

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PreferredStockSharesOutstanding
0 shares
CY2014Q1 us-gaap Senior Notes
SeniorNotes
202500000 USD
CY2015Q1 us-gaap Senior Notes
SeniorNotes
195198000 USD
CY2014Q3 us-gaap Senior Notes
SeniorNotes
215389000 USD
CY2014Q1 us-gaap Senior Notes Current
SeniorNotesCurrent
11250000 USD
CY2015Q1 us-gaap Senior Notes Current
SeniorNotesCurrent
15198000 USD
CY2014Q3 us-gaap Senior Notes Current
SeniorNotesCurrent
29764000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2835000 USD
CY2014 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2124000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2623000 USD
becn Derivative Amortizes Amount
DerivativeAmortizesAmount
2800000 USD
CY2013Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
213800000 USD
CY2015Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
191300000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
384885000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
413184000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4678000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
4437000 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7627000 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6942000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
937014000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1009226000 USD
CY2014Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
298093000 USD
CY2015Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
316411000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
723317000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
774888000 USD
CY2014Q1 us-gaap Gross Profit
GrossProfit
86792000 USD
CY2015Q1 us-gaap Gross Profit
GrossProfit
96773000 USD
us-gaap Gross Profit
GrossProfit
213697000 USD
us-gaap Gross Profit
GrossProfit
234338000 USD
CY2014Q1 us-gaap Operating Expenses
OperatingExpenses
104004000 USD
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
110979000 USD
us-gaap Operating Expenses
OperatingExpenses
203822000 USD
us-gaap Operating Expenses
OperatingExpenses
224724000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-17212000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-14206000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
9875000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
9614000 USD
CY2014Q1 us-gaap Interest Expense
InterestExpense
2532000 USD
CY2015Q1 us-gaap Interest Expense
InterestExpense
2522000 USD
us-gaap Interest Expense
InterestExpense
5197000 USD
us-gaap Interest Expense
InterestExpense
5177000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-19744000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-16728000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1838000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1316000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-12117000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-9786000 USD
us-gaap Net Income Loss
NetIncomeLoss
2840000 USD
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.25
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-3454000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-6169000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-5928000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-9358000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
226000 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-263000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
542000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-298000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
3228000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
6432000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
5386000 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
9656000 USD
CY2014Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-15345000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16218000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2546000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6535000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
15281000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
16430000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
5489000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
545000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
543000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
480000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
273000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1418000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
287000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-3000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
181000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-97706000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-118564000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
171748000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
50305000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
43252000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5007000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
131113000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-25800000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
36073000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
62485000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
11773000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5384000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
69745000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
394000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
367000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11379000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-74762000 USD
becn Repayments Of Proceeds From Revolving Credit Facilities
RepaymentsOfProceedsFromRevolvingCreditFacilities
-47398000 USD
becn Repayments Of Proceeds From Revolving Credit Facilities
RepaymentsOfProceedsFromRevolvingCreditFacilities
-13632000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6057000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3171000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
876000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
262000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-37560000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-18582000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-120000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-657000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-12986000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18715000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-31516000 USD
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
47027000 USD
us-gaap Interest Paid
InterestPaid
4276000 USD
us-gaap Interest Paid
InterestPaid
4660000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
21112000 USD
becn Proceeds From Borrowings Under Equipment Financing
ProceedsFromBorrowingsUnderEquipmentFinancing
10971000 USD
becn Proceeds From Borrowings Under Equipment Financing
ProceedsFromBorrowingsUnderEquipmentFinancing
0 USD
becn Repayement Of Borrowings Under Equipment Financing
RepayementOfBorrowingsUnderEquipmentFinancing
2441000 USD
becn Repayement Of Borrowings Under Equipment Financing
RepayementOfBorrowingsUnderEquipmentFinancing
2758000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
5625000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
5625000 USD
CY2015Q1 becn Business Acquisitions Purchase Price Allocation Intangible Assets Other Than Goodwill
BusinessAcquisitionsPurchasePriceAllocationIntangibleAssetsOtherThanGoodwill
28800000 USD
CY2014Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
79207000 USD
CY2015Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
91650000 USD
CY2014Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
72266000 USD

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