2015 Q2 Form 10-Q Financial Statement
#000147490315000065 Filed on August 03, 2015
Income Statement
Concept | 2015 Q2 | 2014 Q4 | 2014 Q2 |
---|---|---|---|
Revenue | $49.78M | $42.94M | $42.83M |
YoY Change | 16.23% | -1.97% | 21.55% |
Cost Of Revenue | $38.92M | $34.57M | $34.36M |
YoY Change | 13.24% | -2.07% | 20.21% |
Gross Profit | $10.87M | $8.365M | $8.465M |
YoY Change | 28.36% | -0.83% | 27.3% |
Gross Profit Margin | 21.83% | 19.48% | 19.76% |
Selling, General & Admin | $6.878M | $5.700M | $5.659M |
YoY Change | 21.54% | 1.6% | 26.99% |
% of Gross Profit | 63.29% | 68.14% | 66.85% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $66.44K | $1.050M | $42.88K |
YoY Change | 54.93% | -30.46% | 51.99% |
% of Gross Profit | 0.61% | 12.55% | 0.51% |
Operating Expenses | $6.878M | $6.750M | $5.659M |
YoY Change | 21.54% | -5.33% | 26.99% |
Operating Profit | $2.677M | $1.615M | $1.622M |
YoY Change | 65.01% | 23.76% | 49.66% |
Interest Expense | -$370.0K | -$620.0K | -$880.0K |
YoY Change | -57.95% | -62.65% | 4.76% |
% of Operating Profit | -13.82% | -38.4% | -54.25% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $2.308M | $991.4K | $746.1K |
YoY Change | 209.38% | -441.49% | 206.24% |
Income Tax | $846.4K | $500.0K | $499.6K |
% Of Pretax Income | 36.67% | 50.43% | 66.96% |
Net Earnings | $1.462M | $489.5K | $246.5K |
YoY Change | 493.02% | -93.2% | 0.45% |
Net Earnings / Revenue | 2.94% | 1.14% | 0.58% |
Basic Earnings Per Share | $0.21 | $0.08 | $0.04 |
Diluted Earnings Per Share | $0.20 | $0.08 | $0.04 |
COMMON SHARES | |||
Basic Shares Outstanding | 6.978M shares | 5.788M shares | 5.599M shares |
Diluted Shares Outstanding | 7.270M shares | 6.098M shares | 5.676M shares |
Balance Sheet
Concept | 2015 Q2 | 2014 Q4 | 2014 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $0.00 | $0.00 | $0.00 |
Short-Term Investments | |||
Other Short-Term Assets | $731.5K | $247.2K | $469.4K |
YoY Change | 55.82% | -43.41% | -70.66% |
Inventory | |||
Prepaid Expenses | $397.6K | $625.0K | $844.4K |
Receivables | $26.64M | $22.03M | $23.91M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $27.77M | $22.90M | $25.22M |
YoY Change | 10.12% | -9.3% | 6.87% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $913.1K | $667.6K | $606.8K |
YoY Change | 50.47% | 27.56% | 21.36% |
Goodwill | $7.089M | $6.404M | $5.863M |
YoY Change | 20.91% | 9.41% | |
Intangibles | $19.67M | $13.72M | $15.73M |
YoY Change | 25.04% | -24.53% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $36.91M | $29.71M | $31.22M |
YoY Change | 18.23% | -9.57% | 1850.94% |
Total Long-Term Assets | $37.82M | $30.37M | $31.82M |
YoY Change | 18.84% | -8.99% | 12.44% |
TOTAL ASSETS | |||
Total Short-Term Assets | $27.77M | $22.90M | $25.22M |
Total Long-Term Assets | $37.82M | $30.37M | $31.82M |
Total Assets | $65.59M | $53.28M | $57.04M |
YoY Change | 14.98% | -9.12% | 9.91% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $633.1K | $1.115M | $1.653M |
YoY Change | -61.7% | -42.35% | -59.68% |
Accrued Expenses | $7.940M | $7.127M | $7.021M |
YoY Change | 13.1% | 0.06% | -14.38% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $2.719M | $2.198M | $2.250M |
YoY Change | 20.83% | -7.57% | -6.25% |
Total Short-Term Liabilities | $19.19M | $14.60M | $16.27M |
YoY Change | 18.01% | -13.41% | -8.1% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $13.47M | $14.69M | $16.06M |
YoY Change | -16.17% | 517.79% | -44.42% |
Other Long-Term Liabilities | $1.917M | $2.911M | $2.464M |
YoY Change | -22.17% | -20.35% | -36.83% |
Total Long-Term Liabilities | $15.38M | $17.60M | $18.53M |
YoY Change | -16.97% | 191.8% | -43.52% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $19.19M | $14.60M | $16.27M |
Total Long-Term Liabilities | $15.38M | $17.60M | $18.53M |
Total Liabilities | $43.18M | $36.91M | $49.29M |
YoY Change | -12.4% | -26.93% | -2.59% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $3.567M | $5.563M | $5.698M |
YoY Change | -37.4% | -20.32% | |
Common Stock | $72.45K | $65.98K | $54.48K |
YoY Change | 32.97% | 17.85% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $22.41M | $16.36M | $7.752M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $65.59M | $53.28M | $57.04M |
YoY Change | 14.98% | -9.12% | 9.91% |
Cashflow Statement
Concept | 2015 Q2 | 2014 Q4 | 2014 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.462M | $489.5K | $246.5K |
YoY Change | 493.02% | -93.2% | 0.45% |
Depreciation, Depletion And Amortization | $66.44K | $1.050M | $42.88K |
YoY Change | 54.93% | -30.46% | 51.99% |
Cash From Operating Activities | $1.660M | $2.350M | -$100.0K |
YoY Change | -1760.0% | 47.8% | -108.93% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$160.0K | -$70.00K | -$120.0K |
YoY Change | 33.33% | 0.0% | 200.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$280.0K | $10.00K | $0.00 |
YoY Change | -102.27% | -100.0% | |
Cash From Investing Activities | -$440.0K | -$60.00K | -$120.0K |
YoY Change | 266.67% | -88.0% | -98.69% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $1.811M | ||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -1.220M | -2.290M | 220.0K |
YoY Change | -654.55% | 110.09% | -97.26% |
NET CHANGE | |||
Cash From Operating Activities | 1.660M | 2.350M | -100.0K |
Cash From Investing Activities | -440.0K | -60.00K | -120.0K |
Cash From Financing Activities | -1.220M | -2.290M | 220.0K |
Net Change In Cash | -0.000000002212 | -0.0000000009313 | -0.0000000002910 |
YoY Change | 660.0% | -110.42% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.660M | $2.350M | -$100.0K |
Capital Expenditures | -$160.0K | -$70.00K | -$120.0K |
Free Cash Flow | $1.820M | $2.420M | $20.00K |
YoY Change | 9000.0% | 45.78% | -98.28% |
Facts In Submission
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Q2 | ||
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Depreciation
|
42881 | USD |
us-gaap |
Depreciation
Depreciation
|
82630 | USD | |
CY2015Q2 | us-gaap |
Depreciation
Depreciation
|
66435 | USD |
us-gaap |
Depreciation
Depreciation
|
135798 | USD | |
CY2014Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1184318 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2533173 | USD | |
CY2015Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1311683 | USD |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2440277 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2533173 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2440277 | USD | |
us-gaap |
Dividends Cash
DividendsCash
|
0 | USD | |
us-gaap |
Dividends Cash
DividendsCash
|
3622322 | USD | |
CY2014Q4 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.15 | |
CY2015Q2 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.25 | |
CY2015Q2 | us-gaap |
Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
|
0.25 | |
CY2014Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
989722 | USD |
CY2015Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
1811161 | USD |
CY2013Q4 | us-gaap |
Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
|
14628099 | USD |
CY2014Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.23 | ||
CY2015Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.21 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.24 | ||
CY2014Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.23 | ||
CY2015Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.20 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.23 | ||
CY2014Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
17321308 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
19625787 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
88057 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
2392336 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
554912 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
833468 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
2872303 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
4238948 | USD |
CY2014Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
26859810 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
30605811 | USD |
CY2014Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
9538502 | USD |
CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
10980024 | USD |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-894 | USD | |
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-230 | USD | |
CY2014Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-986835 | USD |
CY2014Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-986835 | USD | |
CY2015Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD | |
CY2014Q4 | us-gaap |
Goodwill
Goodwill
|
6404367 | USD |
CY2015Q2 | us-gaap |
Goodwill
Goodwill
|
7089257 | USD |
CY2014 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | USD |
CY2014Q2 | us-gaap |
Gross Profit
GrossProfit
|
8465235 | USD |
us-gaap |
Gross Profit
GrossProfit
|
16176865 | USD | |
CY2015Q2 | us-gaap |
Gross Profit
GrossProfit
|
10865918 | USD |
us-gaap |
Gross Profit
GrossProfit
|
19206941 | USD | |
CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
746147 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1167534 | USD | |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
2308405 | USD |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-280132 | USD | |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-482228 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
610018 | USD | |
CY2014Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
499610 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
116029 | USD | |
CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
846399 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
993359 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
149047 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1319029 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2375923 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-102252 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1552116 | USD | |
us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
672773 | USD | |
us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
533542 | USD | |
us-gaap |
Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
|
319030 | USD | |
us-gaap |
Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
|
716166 | USD | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-158674 | USD | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
51948 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
110724 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
9397 | USD | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
141664 | USD | |
us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
97281 | USD | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-478061 | USD | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-232172 | USD | |
us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
-273481 | USD | |
us-gaap |
Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
|
-221423 | USD | |
us-gaap |
Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
|
-93021 | USD | |
us-gaap |
Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
|
-441474 | USD | |
CY2014Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
32477810 | USD |
CY2015Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
40731811 | USD |
CY2014Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
13724068 | USD |
CY2015Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
19673590 | USD |
CY2014Q2 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
636867 | USD |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
1220349 | USD | |
CY2015Q2 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
558776 | USD |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
1090493 | USD | |
CY2014Q2 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD |
us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
213322 | USD | |
CY2015Q2 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD |
us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
1404515 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
705929 | USD | |
CY2014Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
266133 | USD |
CY2015Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
196414 | USD |
CY2014Q2 | us-gaap |
Interest Revenue Expense Net
InterestRevenueExpenseNet
|
-636867 | USD |
us-gaap |
Interest Revenue Expense Net
InterestRevenueExpenseNet
|
-1433671 | USD | |
CY2015Q2 | us-gaap |
Interest Revenue Expense Net
InterestRevenueExpenseNet
|
-558776 | USD |
us-gaap |
Interest Revenue Expense Net
InterestRevenueExpenseNet
|
-1090493 | USD | |
CY2014Q4 | us-gaap |
Liabilities
Liabilities
|
37409276 | USD |
CY2015Q2 | us-gaap |
Liabilities
Liabilities
|
43177630 | USD |
CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
53772568 | USD |
CY2015Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
65591562 | USD |
CY2014Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
14650181 | USD |
CY2015Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
19194734 | USD |
CY2014Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
17187500 | USD |
CY2015Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
16184167 | USD |
CY2014Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
2250000 | USD |
CY2015Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
2718750 | USD |
CY2015Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
17002917 | USD |
CY2015Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
3375000 | USD |
CY2015Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
3281250 | USD |
CY2015Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
1125000 | USD |
CY2014Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
14937500 | USD |
CY2015Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
13465417 | USD |
CY2014Q4 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
4900000 | USD |
CY2015Q2 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
8600000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-2582846 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
5263761 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-166981 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-9140527 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
2749827 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
3876766 | USD | |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
246537 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1283563 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1462006 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1626242 | USD | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | Reporting_units | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | Segment | |
CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1622177 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
1479213 | USD | |
CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
2676711 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3540713 | USD | |
CY2014Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1215323 | USD |
CY2015Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1551410 | USD |
CY2014Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
617992 | USD |
CY2015Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
731469 | USD |
CY2014Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
29831662 | USD |
CY2015Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
36905058 | USD |
CY2014Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
745822 | USD |
CY2015Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
843103 | USD |
CY2014Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2921595 | USD |
CY2015Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1917479 | USD |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
0 | USD | |
us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
121667 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
0 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
2800883 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
44792 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
68876 | 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
|
8781091 | USD | |
CY2014Q2 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
121268 | USD |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
166981 | USD | |
CY2015Q2 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
161410 | USD |
us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
359996 | USD | |
CY2014Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2015Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2014Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
500000 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2014Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
624975 | USD |
CY2015Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
397602 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6397396 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-6746 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | USD | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
78529 | USD | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
3700000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
560 | USD | |
CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
667597 | USD |
CY2015Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
913106 | USD |
CY2014Q2 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
136066 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
152407 | USD | |
CY2015Q2 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
155906 | USD |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
225662 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1135694 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1125000 | USD | |
us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
500000 | USD | |
us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
0 | USD | |
CY2014Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
5562872 | USD |
CY2015Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
3566792 | USD |
CY2014Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
42829920 | USD |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
81867575 | USD | |
CY2015Q2 | us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
49781392 | USD |
us-gaap |
Sales Revenue Services Net
SalesRevenueServicesNet
|
90665537 | USD | |
CY2014Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5658740 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
12164479 | USD | |
CY2015Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
6877524 | USD |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
13225951 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1026646 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
182998 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
|
P4Y | ||
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
11.00 | |
CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
7.10 | |
CY2014Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
566363 | shares |
CY2014Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
30000 | shares |
CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
179000 | shares |
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
16363292 | USD |
CY2015Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22413932 | USD |
CY2014Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2015Q2 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2014Q4 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
0 | USD |
CY2015Q2 | us-gaap |
Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
|
0 | USD |
CY2014Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
76400 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
291743 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
310486 | shares | |
CY2014Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5675731 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5599089 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7270157 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7098765 | shares | |
CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5599331 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5599089 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6978414 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6788279 | shares | |
CY2014Q4 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
1353539 | USD |
CY2015Q2 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
912242 | USD |
us-gaap |
Fiscal Period
FiscalPeriod
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Fiscal Year</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has a 52/53 week fiscal year. Fiscal periods for the consolidated financial statements included herein are as of </font><font style="font-family:inherit;font-size:10pt;">June 28, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December 28, 2014</font><font style="font-family:inherit;font-size:10pt;">, and include the </font><font style="font-family:inherit;font-size:10pt;">thirteen and twenty-six</font><font style="font-family:inherit;font-size:10pt;"> week periods ended </font><font style="font-family:inherit;font-size:10pt;">June 28, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">June 29, 2014</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> | ||
us-gaap |
Nature Of Operations
NatureOfOperations
|
<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;">NATURE OF OPERATIONS</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">BG Staffing, Inc. is a provider of temporary staffing services that operates, along with its wholly owned subsidiaries BG Staffing, LLC, B G Staff Services Inc., BG Personnel, LP and BG Finance and Accounting, Inc. (“BGFA”) (collectively, the “Company”), within the United States of America in </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> industry segments: Commercial, Multifamily, and Professional Staffing.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Commercial segment provides temporary workers primarily to distributions and logistics costumers needing a flexible workforce in Illinois, Wisconsin, New Mexico, Texas, Tennessee, and Mississippi.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Multifamily segment provides front office and maintenance temporary workers to various apartment communities, in Texas and other states, via property management companies responsible for the apartment communities day to day operations.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Professional Staffing segment provides temporary workers on a nationwide basis for IT customer projects, and finance and accounting demands in Texas and Louisiana.</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited consolidated financial statements for the </font><font style="font-family:inherit;font-size:10pt;">thirteen and twenty-six</font><font style="font-family:inherit;font-size:10pt;"> week periods ended </font><font style="font-family:inherit;font-size:10pt;">June 28, 2015</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">June 29, 2014</font><font style="font-family:inherit;font-size:10pt;">, have been prepared by the Company in accordance with generally accepted accounting principles in the United States (“GAAP”), pursuant to the applicable rules and regulations of the SEC. The information furnished herein reflects all adjustments (consisting only of normal recurring adjustments) that are, in the opinion of management, necessary to present a fair statement of the financial position and operating results of the Company as of and for the respective periods. However, these operating results are not necessarily indicative of the results expected for a full fiscal year or any other future results. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been omitted pursuant to such rules and regulations. However, management of the Company believes, to the best of their knowledge, that the disclosures herein are adequate to make the information presented not misleading. The Company has determined that there were no subsequent events that would require disclosure or adjustments to the accompanying consolidated financial statements through the date the financial statements were issued. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the fiscal year ended </font><font style="font-family:inherit;font-size:10pt;">December 28, 2014</font><font style="font-family:inherit;font-size:10pt;">, included in its Annual Report on Form 10-K.</font></div></div> | ||
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the 2014 financial statements to conform with the 2015 presentation.</font></div></div> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Management Estimates</font></div><div style="line-height:120%;text-align:justify;text-indent:66px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div> |