2015 Q2 Form 10-Q Financial Statement

#000002319715000017 Filed on June 04, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $71.63M $88.91M
YoY Change -19.43% 27.27%
Cost Of Revenue $39.33M $50.56M
YoY Change -22.22% 31.56%
Gross Profit $32.31M $38.35M
YoY Change -15.75% 22.02%
Gross Profit Margin 45.1% 43.13%
Selling, General & Admin $15.01M $17.32M
YoY Change -13.37% 12.66%
% of Gross Profit 46.44% 45.17%
Research & Development $8.582M $8.899M
YoY Change -3.56% -1.99%
% of Gross Profit 26.56% 23.21%
Depreciation & Amortization $1.666M $3.100M
YoY Change -46.26% -11.43%
% of Gross Profit 5.16% 8.08%
Operating Expenses $25.15M $27.78M
YoY Change -9.47% 6.69%
Operating Profit $7.160M $10.57M
YoY Change -32.24% 96.01%
Interest Expense $72.00K $1.993M
YoY Change -96.39% -0.8%
% of Operating Profit 1.01% 18.86%
Other Income/Expense, Net $100.0K $300.0K
YoY Change -66.67%
Pretax Income $7.195M $8.830M
YoY Change -18.52% 140.67%
Income Tax $2.235M $2.955M
% Of Pretax Income 31.06% 33.47%
Net Earnings $4.960M $5.875M
YoY Change -15.57% 106.0%
Net Earnings / Revenue 6.92% 6.61%
Basic Earnings Per Share $0.31 $0.39
Diluted Earnings Per Share $0.30 $0.32
COMMON SHARES
Basic Shares Outstanding 16.20M shares 15.20M shares
Diluted Shares Outstanding 16.38M shares 21.76M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $142.0M $295.0M
YoY Change -51.86% -13.79%
Cash & Equivalents $142.0M $295.0M
Short-Term Investments
Other Short-Term Assets $19.70M $19.30M
YoY Change 2.07% -5.85%
Inventory $68.25M $68.32M
Prepaid Expenses
Receivables $67.62M $65.02M
Other Receivables $0.00 $0.00
Total Short-Term Assets $297.6M $447.7M
YoY Change -33.53% -7.06%
LONG-TERM ASSETS
Property, Plant & Equipment $16.47M $19.82M
YoY Change -16.9% -4.98%
Goodwill $137.4M $137.4M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $873.0K $819.0K
YoY Change 6.59% -8.39%
Total Long-Term Assets $176.2M $185.9M
YoY Change -5.21% -4.49%
TOTAL ASSETS
Total Short-Term Assets $297.6M $447.7M
Total Long-Term Assets $176.2M $185.9M
Total Assets $473.8M $633.6M
YoY Change -25.22% -6.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.02M $16.35M
YoY Change -8.11% 34.55%
Accrued Expenses $27.08M $29.36M
YoY Change -7.77% -4.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $191.5M
YoY Change
Total Short-Term Liabilities $64.76M $262.7M
YoY Change -75.35% 311.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $3.916M $4.256M
YoY Change -7.99% 9.61%
Total Long-Term Liabilities $3.916M $4.256M
YoY Change -7.99% 9.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $64.76M $262.7M
Total Long-Term Liabilities $3.916M $4.256M
Total Liabilities $73.80M $271.0M
YoY Change -72.76% -0.43%
SHAREHOLDERS EQUITY
Retained Earnings $412.5M $406.7M
YoY Change 1.42% 0.98%
Common Stock $3.115M $2.950M
YoY Change 5.59% 1.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $441.8M $424.3M
YoY Change 4.15% 16.74%
Treasury Stock Shares 15.03M shares 14.46M shares
Shareholders Equity $400.0M $362.6M
YoY Change
Total Liabilities & Shareholders Equity $473.8M $633.6M
YoY Change -25.22% -6.32%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $4.960M $5.875M
YoY Change -15.57% 106.0%
Depreciation, Depletion And Amortization $1.666M $3.100M
YoY Change -46.26% -11.43%
Cash From Operating Activities $15.90M $10.70M
YoY Change 48.6% 148.84%
INVESTING ACTIVITIES
Capital Expenditures $688.0K $1.112M
YoY Change -38.13% -28.72%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$700.0K -$1.100M
YoY Change -36.36% -26.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.300M -32.60M
YoY Change -74.54% 141.48%
NET CHANGE
Cash From Operating Activities 15.90M 10.70M
Cash From Investing Activities -700.0K -1.100M
Cash From Financing Activities -8.300M -32.60M
Net Change In Cash 6.900M -23.00M
YoY Change -130.0% 114.95%
FREE CASH FLOW
Cash From Operating Activities $15.90M $10.70M
Capital Expenditures $688.0K $1.112M
Free Cash Flow $15.21M $9.588M
YoY Change 58.66% 249.93%

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CY2014Q3 us-gaap Unrecognized Tax Benefits
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64000 USD
CY2014Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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2152000 USD
CY2015Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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2182000 USD
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21764000 shares
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22324000 shares
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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16220000 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
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31.40
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CY2014Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
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TreasuryStockShares
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us-gaap Treasury Stock Shares Acquired
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1851303 shares
us-gaap Treasury Stock Shares Acquired
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175735 shares
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436860000 USD
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46557000 USD
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8518000 USD
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670000 USD
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707000 USD
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3444000 USD
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100000000 USD
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8664000 USD
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396925000 USD
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399998000 USD

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