2011 Q3 Form 10-Q Financial Statement
#000001825512000035 Filed on September 05, 2012
Income Statement
| Concept | 2011 Q3 |
|---|---|
| Revenue | $236.8M |
| YoY Change | 0.9% |
| Cost Of Revenue | $145.2M |
| YoY Change | 2.65% |
| Gross Profit | $91.65M |
| YoY Change | -1.77% |
| Gross Profit Margin | 38.7% |
| Selling, General & Admin | $58.96M |
| YoY Change | -5.43% |
| % of Gross Profit | 64.33% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $5.400M |
| YoY Change | 3.85% |
| % of Gross Profit | 5.89% |
| Operating Expenses | $58.96M |
| YoY Change | -5.43% |
| Operating Profit | $32.70M |
| YoY Change | 5.61% |
| Interest Expense | |
| YoY Change | |
| % of Operating Profit | |
| Other Income/Expense, Net | $900.0K |
| YoY Change | -10.0% |
| Pretax Income | $28.27M |
| YoY Change | 6.14% |
| Income Tax | $10.17M |
| % Of Pretax Income | 35.97% |
| Net Earnings | $18.10M |
| YoY Change | 6.63% |
| Net Earnings / Revenue | 7.64% |
| Basic Earnings Per Share | $0.61 |
| Diluted Earnings Per Share | $610.00 |
| COMMON SHARES | |
| Basic Shares Outstanding | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2011 Q3 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $267.9M |
| YoY Change | 14.44% |
| Cash & Equivalents | $77.38M |
| Short-Term Investments | $190.5M |
| Other Short-Term Assets | $11.80M |
| YoY Change | -24.84% |
| Inventory | $117.2M |
| Prepaid Expenses | $3.739M |
| Receivables | $37.60M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $434.6M |
| YoY Change | 10.12% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $104.3M |
| YoY Change | 3.43% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $9.434M |
| YoY Change | 25.8% |
| Total Long-Term Assets | $113.8M |
| YoY Change | 4.98% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $434.6M |
| Total Long-Term Assets | $113.8M |
| Total Assets | $548.4M |
| YoY Change | 9.01% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $86.55M |
| YoY Change | 9.18% |
| Accrued Expenses | $36.31M |
| YoY Change | 11.42% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $154.9M |
| YoY Change | 1.64% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $0.00 |
| YoY Change | |
| Other Long-Term Liabilities | $14.20M |
| YoY Change | -13.41% |
| Total Long-Term Liabilities | $14.20M |
| YoY Change | -13.41% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $154.9M |
| Total Long-Term Liabilities | $14.20M |
| Total Liabilities | $178.6M |
| YoY Change | 1.13% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | $297.7M |
| YoY Change | 15.26% |
| Common Stock | $983.0K |
| YoY Change | 0.0% |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $369.8M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $548.4M |
| YoY Change | 9.01% |
Cashflow Statement
| Concept | 2011 Q3 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $18.10M |
| YoY Change | 6.63% |
| Depreciation, Depletion And Amortization | $5.400M |
| YoY Change | 3.85% |
| Cash From Operating Activities | $24.50M |
| YoY Change | -7.2% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$11.40M |
| YoY Change | 132.65% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | -$9.900M |
| YoY Change | -1200.0% |
| Cash From Investing Activities | -$21.30M |
| YoY Change | 446.15% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -7.000M |
| YoY Change | -12.5% |
| NET CHANGE | |
| Cash From Operating Activities | 24.50M |
| Cash From Investing Activities | -21.30M |
| Cash From Financing Activities | -7.000M |
| Net Change In Cash | -3.800M |
| YoY Change | -126.21% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $24.50M |
| Capital Expenditures | -$11.40M |
| Free Cash Flow | $35.90M |
| YoY Change | 14.7% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
15780000 | USD | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28759821 | shares | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
5635 | shares | |
| CY2011Q3 | us-gaap |
Inventory Net
InventoryNet
|
117225000 | USD |
| CY2011Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
4801000 | USD |
| CY2012Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
17066000 | USD |
| CY2012Q3 | us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
267000 | USD |
| CY2012Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
4285 | shares |
| CY2012Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28813766 | shares |
| CY2012Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28818051 | shares |
| CY2011Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
17811000 | USD |
| CY2011Q3 | us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
292000 | USD |
| CY2011Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
5932 | shares |
| us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
764000 | USD | |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
48291000 | USD | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
28984147 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
28978512 | shares | |
| us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
811000 | USD | |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
25470000 | USD | |
| CY2012Q3 | us-gaap |
Fair Value Inputs Discount Rate
FairValueInputsDiscountRate
|
0.0020 | |
| CY2012Q3 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;text-decoration:underline;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;text-decoration:underline;">8</font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;text-decoration:underline;"> – RECENT ACCOUNTING PRONOUNCEMENTS:</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">In June 2011, the Financial Accounting Standards Board issued guidance on the presentation of comprehensive income in financial statements to improve the comparability, consistency and transparency of financial reporting and to increase the prominence of items that are recorded in other comprehensive income. The new accounting guidance requires entities to report components of comprehensive income in either (1) a continuous statement of comprehensive income or (2) two separate but consecutive statements. The provisions of this new guidance are effective for the Company the first quarter of fiscal 2012. The </font><font style="font-family:Times New Roman;font-size:11pt;">Company has adopted </font><font style="font-family:Times New Roman;font-size:11pt;">this guidance </font><font style="font-family:Times New Roman;font-size:11pt;">and it does</font><font style="font-family:Times New Roman;font-size:11pt;"> not have any effect on operating results or financial position.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:11pt;margin-left:0px;">In January 2012, the Company adopted accounting guidance that amends the existing requirements for fair value measurement and disclosure. The guidance expands the disclosure requirements around fair value measurements categorized in Level 3 of the fair value hierarchy. It also requires disclosure of the level in the fair value hierarchy of items that are not measured at fair value in the statement of financial position but whose fair value must be disclosed. It also clarified and expands upon existing requirements for measurement of the fair value of financial assets and liabilities as well as instruments classified in stockholders' equity. The adoption of this guidance did not have a significant impact on the condensed consolidated financial statements.</font></p> |
