2014 Q4 Form 10-K Financial Statement
#000138713115000830 Filed on March 11, 2015
Income Statement
| Concept | 2014 Q4 | 2014 Q3 | 2013 Q4 |
|---|---|---|---|
| Revenue | $228.2M | $208.1M | $193.4M |
| YoY Change | 18.02% | 21.98% | 35.62% |
| Cost Of Revenue | $171.3M | $157.4M | $144.1M |
| YoY Change | 18.88% | 24.31% | 35.31% |
| Gross Profit | $56.89M | $50.69M | $49.21M |
| YoY Change | 15.6% | 15.32% | 36.29% |
| Gross Profit Margin | 24.93% | 24.36% | 25.45% |
| Selling, General & Admin | |||
| YoY Change | |||
| % of Gross Profit | |||
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $1.600M | $2.150M | $1.850M |
| YoY Change | -13.51% | 13.16% | -25.4% |
| % of Gross Profit | 2.81% | 4.24% | 3.76% |
| Operating Expenses | $45.30M | $41.60M | $39.10M |
| YoY Change | 15.86% | 20.5% | 38.65% |
| Operating Profit | $11.67M | $9.033M | $10.19M |
| YoY Change | 14.47% | -4.26% | 29.58% |
| Interest Expense | -$2.100M | -$1.900M | -$2.200M |
| YoY Change | -4.55% | -181.62% | 83.33% |
| % of Operating Profit | -18.0% | -21.03% | -21.58% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $9.566M | $7.132M | $8.013M |
| YoY Change | 19.38% | 0.35% | 20.82% |
| Income Tax | $4.400M | $2.900M | $3.200M |
| % Of Pretax Income | 46.0% | 40.66% | 39.94% |
| Net Earnings | $5.199M | $4.207M | $4.836M |
| YoY Change | 7.51% | 1.13% | 34.18% |
| Net Earnings / Revenue | 2.28% | 2.02% | 2.5% |
| Basic Earnings Per Share | $0.21 | $0.17 | $0.20 |
| Diluted Earnings Per Share | $0.21 | $0.17 | $0.19 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 25.02M shares | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 Q4 | 2014 Q3 | 2013 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $3.300M | $5.200M | $20.00M |
| YoY Change | -83.5% | -90.48% | 19900.0% |
| Cash & Equivalents | $3.328M | $5.200M | $20.01M |
| Short-Term Investments | |||
| Other Short-Term Assets | $13.30M | $14.70M | $19.00M |
| YoY Change | -30.0% | 56.38% | 128.92% |
| Inventory | $75.50M | $70.60M | $64.70M |
| Prepaid Expenses | |||
| Receivables | $96.90M | $88.30M | $76.40M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $189.0M | $178.7M | $180.1M |
| YoY Change | 4.94% | -5.07% | 70.7% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $53.30M | $45.30M | $29.90M |
| YoY Change | 78.26% | 148.02% | 219.27% |
| Goodwill | $78.51M | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $4.900M | $3.700M | $9.300M |
| YoY Change | -47.31% | -3.8% | 225.06% |
| Total Long-Term Assets | $187.2M | $179.5M | $174.7M |
| YoY Change | 7.16% | 25.51% | 66.97% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $189.0M | $178.7M | $180.1M |
| Total Long-Term Assets | $187.2M | $179.5M | $174.7M |
| Total Assets | $376.2M | $358.2M | $354.8M |
| YoY Change | 6.03% | 8.13% | 68.84% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $43.20M | $32.10M | $33.90M |
| YoY Change | 27.43% | -1.27% | 0.54% |
| Accrued Expenses | $26.20M | $22.60M | $21.80M |
| YoY Change | 20.18% | 106.19% | 312.02% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $7.700M | $7.300M | $6.900M |
| YoY Change | 11.59% | 11.54% | 33.33% |
| Total Short-Term Liabilities | $77.10M | $62.00M | $62.60M |
| YoY Change | 23.16% | 13.12% | 31.23% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $135.8M | $137.6M | $140.8M |
| YoY Change | -3.55% | -2.69% | 17.97% |
| Other Long-Term Liabilities | $8.500M | $8.900M | $10.90M |
| YoY Change | -22.02% | 242.31% | 808.33% |
| Total Long-Term Liabilities | $144.3M | $146.5M | $151.7M |
| YoY Change | -4.88% | 3.6% | 27.1% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $77.10M | $62.00M | $62.60M |
| Total Long-Term Liabilities | $144.3M | $146.5M | $151.7M |
| Total Liabilities | $229.4M | $217.0M | $222.7M |
| YoY Change | 3.01% | 6.2% | 30.35% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $146.8M | $141.2M | $132.1M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $376.2M | $358.2M | $354.8M |
| YoY Change | 6.03% | 8.13% | 68.84% |
Cashflow Statement
| Concept | 2014 Q4 | 2014 Q3 | 2013 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $5.199M | $4.207M | $4.836M |
| YoY Change | 7.51% | 1.13% | 34.18% |
| Depreciation, Depletion And Amortization | $1.600M | $2.150M | $1.850M |
| YoY Change | -13.51% | 13.16% | -25.4% |
| Cash From Operating Activities | $9.170M | -$2.410M | -$4.110M |
| YoY Change | -323.11% | -60.3% | 337.23% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$8.430M | -$5.490M | -$6.040M |
| YoY Change | 39.57% | 132.63% | 1213.04% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | $80.00K | $410.0K | -$23.64M |
| YoY Change | -100.34% | -224.24% | -3252.0% |
| Cash From Investing Activities | -$8.340M | -$5.090M | -$29.68M |
| YoY Change | -71.9% | 89.22% | -9993.33% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -2.580M | -2.020M | -980.0K |
| YoY Change | 163.27% | -103.3% | -31.94% |
| NET CHANGE | |||
| Cash From Operating Activities | 9.170M | -2.410M | -4.110M |
| Cash From Investing Activities | -8.340M | -5.090M | -29.68M |
| Cash From Financing Activities | -2.580M | -2.020M | -980.0K |
| Net Change In Cash | -1.750M | -9.520M | -34.77M |
| YoY Change | -94.97% | -118.18% | 1571.63% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $9.170M | -$2.410M | -$4.110M |
| Capital Expenditures | -$8.430M | -$5.490M | -$6.040M |
| Free Cash Flow | $17.60M | $3.080M | $1.930M |
| YoY Change | 811.92% | -183.02% | -502.08% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.26 | |
| CY2013Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.2 | |
| CY2013Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.2 | |
| CY2014Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.17 | |
| CY2014Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.21 | |
| CY2013Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.13 | |
| CY2013Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.25 | |
| CY2013Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.2 | |
| CY2013Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.19 | |
| CY2014Q3 | us-gaap |
Revenues
Revenues
|
208070000 | |
| CY2014Q4 | us-gaap |
Revenues
Revenues
|
228228000 | |
| CY2013Q1 | us-gaap |
Revenues
Revenues
|
139419000 | |
| CY2013Q2 | us-gaap |
Revenues
Revenues
|
170157000 | |
| CY2014Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.17 | |
| CY2014Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.21 | |
| CY2013Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.13 | |
| CY2014Q3 | us-gaap |
Gross Profit
GrossProfit
|
50693000 | USD |
| CY2014Q4 | us-gaap |
Gross Profit
GrossProfit
|
56889000 | USD |
| CY2013Q1 | us-gaap |
Gross Profit
GrossProfit
|
35154000 | USD |
| CY2013Q3 | us-gaap |
Revenues
Revenues
|
170581000 | |
| CY2013Q4 | us-gaap |
Revenues
Revenues
|
193388000 | |
| CY2013Q2 | us-gaap |
Gross Profit
GrossProfit
|
44042000 | |
| CY2013Q3 | us-gaap |
Gross Profit
GrossProfit
|
43957000 | |
| CY2013Q4 | us-gaap |
Gross Profit
GrossProfit
|
49211000 | |
| CY2014Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
9033000 | |
| CY2014Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
11669000 | |
| CY2013Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5897000 | |
| CY2013Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
11055000 | |
| CY2013Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
9435000 | |
| CY2013Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
10194000 | |
| CY2014Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
7132000 | |
| CY2014Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
9566000 | |
| CY2013Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
4530000 | |
| CY2013Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
9148000 | |
| CY2013Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
7107000 | |
| CY2013Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
8013000 |
