2016 Q2 Form 10-Q Financial Statement
#000003406716000105 Filed on July 28, 2016
Income Statement
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
Revenue | $41.32M | $44.74M |
YoY Change | -7.65% | -13.81% |
Cost Of Revenue | $31.41M | $32.16M |
YoY Change | -2.32% | -10.71% |
Gross Profit | $9.908M | $12.59M |
YoY Change | -21.27% | -20.84% |
Gross Profit Margin | 23.98% | 28.13% |
Selling, General & Admin | $8.886M | $10.52M |
YoY Change | -15.52% | 0.14% |
% of Gross Profit | 89.69% | 83.58% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $2.760M | $2.500M |
YoY Change | 10.4% | -29.46% |
% of Gross Profit | 27.86% | 19.86% |
Operating Expenses | $10.73M | $12.65M |
YoY Change | -15.16% | 4.35% |
Operating Profit | -$822.0K | -$63.00K |
YoY Change | 1204.76% | -101.67% |
Interest Expense | $397.0K | $263.0K |
YoY Change | 50.95% | 51.15% |
% of Operating Profit | ||
Other Income/Expense, Net | $304.0K | $40.00K |
YoY Change | 660.0% | -87.95% |
Pretax Income | -$914.0K | -$285.0K |
YoY Change | 220.7% | -107.24% |
Income Tax | -$148.0K | $1.034M |
% Of Pretax Income | ||
Net Earnings | -$766.0K | -$1.319M |
YoY Change | -41.93% | -156.95% |
Net Earnings / Revenue | -1.85% | -2.95% |
Basic Earnings Per Share | -$0.05 | -$0.10 |
Diluted Earnings Per Share | -$0.05 | -$0.10 |
COMMON SHARES | ||
Basic Shares Outstanding | 14.14M shares | 13.91M shares |
Diluted Shares Outstanding | 14.14M shares | 13.91M shares |
Balance Sheet
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $9.400M | $10.90M |
YoY Change | -13.76% | 25.29% |
Cash & Equivalents | $9.444M | $10.89M |
Short-Term Investments | ||
Other Short-Term Assets | $9.700M | $12.10M |
YoY Change | -19.83% | 22.22% |
Inventory | $33.84M | $43.23M |
Prepaid Expenses | ||
Receivables | $29.24M | $35.52M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $82.23M | $101.7M |
YoY Change | -19.16% | -6.48% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $57.71M | $61.29M |
YoY Change | -5.85% | 1.23% |
Goodwill | $17.33M | $29.57M |
YoY Change | -41.39% | -20.42% |
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $79.00K | $1.253M |
YoY Change | -93.7% | -32.92% |
Total Long-Term Assets | $93.66M | $117.8M |
YoY Change | -20.48% | -11.47% |
TOTAL ASSETS | ||
Total Short-Term Assets | $82.23M | $101.7M |
Total Long-Term Assets | $93.66M | $117.8M |
Total Assets | $175.9M | $219.5M |
YoY Change | -19.87% | -9.22% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $9.079M | $16.62M |
YoY Change | -45.36% | 71.48% |
Accrued Expenses | $3.939M | $5.307M |
YoY Change | -25.78% | 44.57% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $28.72M | $31.17M |
YoY Change | -7.87% | 29.05% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $22.90M | $33.70M |
YoY Change | -32.05% | |
Other Long-Term Liabilities | $2.064M | $1.990M |
YoY Change | 3.72% | -3.3% |
Total Long-Term Liabilities | $2.064M | $1.990M |
YoY Change | 3.72% | -3.3% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $28.72M | $31.17M |
Total Long-Term Liabilities | $2.064M | $1.990M |
Total Liabilities | $55.11M | $75.62M |
YoY Change | -27.12% | 15.0% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $86.01M | $108.9M |
YoY Change | -21.01% | -6.19% |
Common Stock | $724.0K | $710.0K |
YoY Change | 1.97% | 1.57% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $21.00K | |
YoY Change | ||
Treasury Stock Shares | 2.008K shares | |
Shareholders Equity | $120.8M | $143.9M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $175.9M | $219.5M |
YoY Change | -19.87% | -9.22% |
Cashflow Statement
Concept | 2016 Q2 | 2015 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$766.0K | -$1.319M |
YoY Change | -41.93% | -156.95% |
Depreciation, Depletion And Amortization | $2.760M | $2.500M |
YoY Change | 10.4% | -29.46% |
Cash From Operating Activities | $4.630M | -$890.0K |
YoY Change | -620.22% | -63.82% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$790.0K | -$1.580M |
YoY Change | -50.0% | -25.82% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $50.00K | -$30.00K |
YoY Change | -266.67% | -72.73% |
Cash From Investing Activities | -$740.0K | -$1.610M |
YoY Change | -54.04% | -28.13% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -110.0K | 580.0K |
YoY Change | -118.97% | -85.78% |
NET CHANGE | ||
Cash From Operating Activities | 4.630M | -890.0K |
Cash From Investing Activities | -740.0K | -1.610M |
Cash From Financing Activities | -110.0K | 580.0K |
Net Change In Cash | 3.780M | -1.920M |
YoY Change | -296.88% | 209.68% |
FREE CASH FLOW | ||
Cash From Operating Activities | $4.630M | -$890.0K |
Capital Expenditures | -$790.0K | -$1.580M |
Free Cash Flow | $5.420M | $690.0K |
YoY Change | 685.51% | -309.09% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
boom |
Increase Decrease In Accrued Tariffs
IncreaseDecreaseInAccruedTariffs
|
80000 | USD | |
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|
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|
3153000 | USD | |
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|
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|
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CorporateExpenses
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|
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Corporate Expenses
CorporateExpenses
|
3444000 | USD | |
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EffectiveIncomeTaxRateReconciliationForeignStatutoryIncomeTaxRateHighEndOfRange
|
0.35 | ||
boom |
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EffectiveIncomeTaxRateReconciliationForeignStatutoryIncomeTaxRateLowEndOfRange
|
0.2 | ||
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Income Lossfrom Continuing Operations Attributableto Parentafter Allocationto Participating Securities Basic
IncomeLossfromContinuingOperationsAttributabletoParentafterAllocationtoParticipatingSecuritiesBasic
|
-1319000 | USD |
boom |
Income Lossfrom Continuing Operations Attributableto Parentafter Allocationto Participating Securities Basic
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|
-3696000 | USD | |
CY2016Q2 | boom |
Income Lossfrom Continuing Operations Attributableto Parentafter Allocationto Participating Securities Basic
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|
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boom |
Income Lossfrom Continuing Operations Attributableto Parentafter Allocationto Participating Securities Basic
IncomeLossfromContinuingOperationsAttributabletoParentafterAllocationtoParticipatingSecuritiesBasic
|
-1179000 | USD | |
boom |
Increase Decrease In Accrued Tariffs
IncreaseDecreaseInAccruedTariffs
|
0 | USD | |
CY2015Q4 | boom |
Longterm Lineof Credit Noncurrent Net
LongtermLineofCreditNoncurrentNet
|
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Longterm Lineof Credit Noncurrent Net
LongtermLineofCreditNoncurrentNet
|
22908000 | USD |
dei |
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Q2 | ||
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Document Fiscal Year Focus
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2016 | ||
dei |
Document Period End Date
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|
2016-06-30 | ||
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10-Q | ||
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-914000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1130000 | USD | |
CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1034000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
49000 | USD | |
CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-148000 | USD |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
2454000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-5901000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1272000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-7120000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-3248000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
168000 | USD | |
us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
-2184000 | USD | |
us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
2717000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
4755000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-2300000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1261000 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
3454000 | USD | |
CY2015Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
CY2016Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
CY2015Q2 | us-gaap |
Interest Expense
InterestExpense
|
263000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
445000 | USD | |
CY2016Q2 | us-gaap |
Interest Expense
InterestExpense
|
397000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
561000 | USD | |
CY2015Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
12320000 | USD |
CY2016Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
14798000 | USD |
CY2015Q4 | us-gaap |
Inventory Net
InventoryNet
|
35449000 | USD |
CY2016Q2 | us-gaap |
Inventory Net
InventoryNet
|
33841000 | USD |
CY2015Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
14513000 | USD |
CY2016Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
11034000 | USD |
CY2015Q4 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
504000 | USD |
CY2016Q2 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
429000 | USD |
CY2015Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
3682000 | USD |
CY2016Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
3993000 | USD |
CY2015Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
8112000 | USD |
CY2016Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
7580000 | USD |
CY2015Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
4000 | USD | |
CY2016Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2000 | USD | |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
63771000 | USD |
CY2016Q2 | us-gaap |
Liabilities
Liabilities
|
55113000 | USD |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
182192000 | USD |
CY2016Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
175889000 | USD |
CY2015Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
32898000 | USD |
CY2016Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
28720000 | USD |
CY2015Q4 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
27500000 | USD |
CY2016Q2 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
23500000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9333000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4385000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2496000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1160000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4717000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
8442000 | USD | |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1319000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3696000 | USD | |
CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-766000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1179000 | USD | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | Segment | |
CY2015Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
12648000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
26577000 | USD | |
CY2016Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
10730000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
21200000 | USD | |
CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-63000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3289000 | USD | |
CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-822000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-907000 | USD | |
CY2015Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
131000 | USD |
CY2016Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
79000 | USD |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
2494000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-8223000 | USD | |
CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-1259000 | USD |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
2747000 | USD | |
CY2015Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1928000 | USD |
CY2016Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
2064000 | USD |
CY2015Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
40000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1164000 | USD | |
CY2016Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
304000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
336000 | USD | |
CY2015Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
0 | USD |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
0 | USD | |
CY2016Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
0 | USD |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
0 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
25000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-36000 | USD | |
us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
477000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1042000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
1125000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
571000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2471000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1226000 | USD | |
CY2015Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.05 | |
CY2016Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.05 | |
CY2015Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
4000000 | shares |
CY2016Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
4000000 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2015Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2016Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2015Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
8916000 | USD |
CY2016Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
9713000 | USD |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
185000 | USD | |
us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
189000 | USD | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
11245000 | USD | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-4000000 | 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
|
30000 | USD | |
CY2015Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
106523000 | USD |
CY2016Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
109711000 | USD |
CY2015Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
57999000 | USD |
CY2016Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
57705000 | USD |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
2000 | USD | |
us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
3000 | USD | |
us-gaap |
Restructuring Charges
RestructuringCharges
|
755000 | USD | |
CY2015Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
734000 | USD |
CY2016Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
1016000 | USD |
us-gaap |
Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
|
4000 | USD | |
CY2015Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
1116000 | USD |
us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
3112000 | USD | |
CY2016Q2 | us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
829000 | USD |
us-gaap |
Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
|
829000 | USD | |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
87767000 | USD |
CY2016Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
86012000 | USD |
CY2015Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
44741000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
85560000 | USD | |
CY2016Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
41317000 | USD |
us-gaap |
Sales Revenue Net
SalesRevenueNet
|
81849000 | USD | |
CY2015Q2 | us-gaap |
Selling Expense
SellingExpense
|
4958000 | USD |
us-gaap |
Selling Expense
SellingExpense
|
9836000 | USD | |
CY2016Q2 | us-gaap |
Selling Expense
SellingExpense
|
4497000 | USD |
us-gaap |
Selling Expense
SellingExpense
|
8520000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1571000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1121000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
189000 | USD | |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
118421000 | USD |
CY2016Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
120776000 | USD |
CY2015Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
0 | shares |
CY2016Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
2008 | shares |
CY2015Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
0 | USD |
CY2016Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
21000 | USD |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
21000 | USD | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13906993 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13900499 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14142991 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14071058 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13906993 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13900499 | shares | |
CY2016Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14142991 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
14071058 | shares | |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">COMMITMENTS AND CONTINGENCIES</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Contingent Liabilities</font></div><div style="line-height:120%;text-align:justify;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company records an accrual for contingent liabilities when a loss is both probable and reasonably estimable. If some amount within a range of loss appears to be a better estimate than any other amount within the range, that amount is accrued. When no amount within a range of loss appears to be a better estimate than any other amount, the lowest amount in the range is accrued. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2015, U.S. Customs and Border Protection (“U.S. Customs”) sent us a Notice of Action that proposed to classify certain of our imports as subject to anti-dumping duties pursuant to a 2010 anti-dumping duty (“AD”) order on Oil Country Tubular Goods (“OCTG”) from China. A companion countervailing duty (“CVD”) order on the same product is in effect as well. The Notice of Action covered one entry of certain raw material steel mechanical tubing made in China and imported into the U.S. from Canada by our DynaEnergetics segment during 2015 for use in manufacturing perforating guns. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, we sent a response to U.S. Customs outlining the reasons our mechanical tubing imports do not fall within the scope of the AD order on OCTG from China and should not be subject to anti-dumping duties. U.S. Customs proposed to take similar action with respect to other entries of this product and requested an approximately </font><font style="font-family:inherit;font-size:10pt;">$1,100</font><font style="font-family:inherit;font-size:10pt;"> cash deposit or bond for AD/CVD duties. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2015, we posted the bond of approximately </font><font style="font-family:inherit;font-size:10pt;">$1,100</font><font style="font-family:inherit;font-size:10pt;"> to U.S. Customs. Subsequently, U.S. Customs declined to conclude on the Company's assertion that the mechanical tubing the Company has been importing is not within the scope of the AD order on OCTG from China. As a result, on September 25, 2015 the Company filed a request for a scope ruling with the U.S. Department of Commerce ("Commerce Department"). </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On February 15, 2016, the Company received the Commerce Department’s scope ruling, which determined certain imports, primarily used for gun carrier tubing, are included in the scope of the AD/CVD orders on OCTG from China and thus is subject to AD/CVD duties.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 11, 2016, the Company filed an appeal with the U.S. Court of International Trade related to the Commerce Department’s scope ruling. In its financial statements for the year ended December 31, 2015, the Company recorded a </font><font style="font-family:inherit;font-size:10pt;">$6.4 million</font><font style="font-family:inherit;font-size:10pt;"> reserve for AD/CVD duties and interest that the Company expects to pay if it is unsuccessful in its appeal. For the </font><font style="font-family:inherit;font-size:10pt;">six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company recorded </font><font style="font-family:inherit;font-size:10pt;">$80</font><font style="font-family:inherit;font-size:10pt;"> of interest on its reserve for AD/CVD duties.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company will incur legal defense costs and could also be subject to additional interest and penalties. Accruals for potential penalties are not reflected in our financial statements as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;"> as they are neither probable nor estimable at this time.</font></div></div> |