2017 Q1 Form 10-Q Financial Statement

#000114420417026238 Filed on May 11, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $119.3M $116.9M
YoY Change 2.1% -5.34%
Cost Of Revenue $97.68M $95.84M
YoY Change 1.92% -5.83%
Gross Profit $21.63M $21.01M
YoY Change 2.94% -3.04%
Gross Profit Margin 18.13% 17.98%
Selling, General & Admin $4.354M $4.315M
YoY Change 0.9% -2.99%
% of Gross Profit 20.13% 20.54%
Research & Development $6.765M $6.139M
YoY Change 10.2% 4.17%
% of Gross Profit 31.28% 29.22%
Depreciation & Amortization $4.189M $3.600M
YoY Change 16.36% -9.21%
% of Gross Profit 19.37% 17.13%
Operating Expenses $15.19M $14.76M
YoY Change 2.9% 5.69%
Operating Profit $7.230M $6.253M
YoY Change 15.62% -33.22%
Interest Expense $231.0K $196.0K
YoY Change 17.86% -58.65%
% of Operating Profit 3.2% 3.13%
Other Income/Expense, Net -$254.0K -$644.0K
YoY Change -60.56% -785.11%
Pretax Income $7.077M $6.536M
YoY Change 8.28% -32.87%
Income Tax $1.190M $1.053M
% Of Pretax Income 16.82% 16.11%
Net Earnings $5.714M $5.709M
YoY Change 0.09% -32.91%
Net Earnings / Revenue 4.79% 4.89%
Basic Earnings Per Share $0.18 $0.18
Diluted Earnings Per Share $0.18 $0.18
COMMON SHARES
Basic Shares Outstanding 31.64M shares 32.12M shares
Diluted Shares Outstanding 31.65M shares 32.12M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $59.50M $84.00M
YoY Change -29.17% -20.0%
Cash & Equivalents $31.30M $55.40M
Short-Term Investments $28.20M $28.60M
Other Short-Term Assets $80.60M $38.30M
YoY Change 110.44% -7.93%
Inventory $69.10M $70.73M
Prepaid Expenses
Receivables $284.6M $276.3M
Other Receivables $21.30M $24.80M
Total Short-Term Assets $515.0M $494.1M
YoY Change 4.23% -7.86%
LONG-TERM ASSETS
Property, Plant & Equipment $104.1M $91.83M
YoY Change 13.36% 9.19%
Goodwill $611.0K
YoY Change -4.98%
Intangibles $2.664M
YoY Change -18.33%
Long-Term Investments $16.60M $6.200M
YoY Change 167.74% 34.78%
Other Assets $22.20M $31.20M
YoY Change -28.85% 181.08%
Total Long-Term Assets $145.7M $136.3M
YoY Change 6.86% 29.14%
TOTAL ASSETS
Total Short-Term Assets $515.0M $494.1M
Total Long-Term Assets $145.7M $136.3M
Total Assets $660.7M $630.4M
YoY Change 4.8% -1.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $135.6M $141.6M
YoY Change -4.24% -8.82%
Accrued Expenses $34.85M $31.50M
YoY Change 10.63% -8.62%
Deferred Revenue
YoY Change
Short-Term Debt $156.7M $120.5M
YoY Change 30.04% 3.08%
Long-Term Debt Due $4.800M
YoY Change
Total Short-Term Liabilities $346.9M $314.9M
YoY Change 10.16% -5.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $300.0K $800.0K
YoY Change -62.5% -78.38%
Total Long-Term Liabilities $300.0K $800.0K
YoY Change -62.5% -78.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $346.9M $314.9M
Total Long-Term Liabilities $300.0K $800.0K
Total Liabilities $347.2M $315.9M
YoY Change 9.91% -6.2%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $64.77M $64.63M
YoY Change 0.21% 0.16%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.907M $1.000M
YoY Change 190.7% 0.0%
Treasury Stock Shares 694.3K shares
Shareholders Equity $307.8M $306.3M
YoY Change
Total Liabilities & Shareholders Equity $660.7M $630.4M
YoY Change 4.8% -1.77%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $5.714M $5.709M
YoY Change 0.09% -32.91%
Depreciation, Depletion And Amortization $4.189M $3.600M
YoY Change 16.36% -9.21%
Cash From Operating Activities $2.362M -$2.360M
YoY Change -200.08% -147.87%
INVESTING ACTIVITIES
Capital Expenditures $3.245M $9.825M
YoY Change -66.97% 71.68%
Acquisitions
YoY Change
Other Investing Activities -$26.57M -$6.650M
YoY Change 299.55% -409.3%
Cash From Investing Activities -$29.81M -$16.48M
YoY Change 80.89% 360.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $27.51M 4.240M
YoY Change 548.8% -214.59%
NET CHANGE
Cash From Operating Activities $2.362M -2.360M
Cash From Investing Activities -$29.81M -16.48M
Cash From Financing Activities $27.51M 4.240M
Net Change In Cash $61.00K -14.60M
YoY Change -100.42% 521.28%
FREE CASH FLOW
Cash From Operating Activities $2.362M -$2.360M
Capital Expenditures $3.245M $9.825M
Free Cash Flow -$883.0K -$12.19M
YoY Change -92.75% 1436.57%

Facts In Submission

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