2011 Q1 Form 10-K Financial Statement

#000110465912024701 Filed on April 11, 2012

View on sec.gov

Income Statement

Concept 2011 Q1 2010 Q1 2010
Revenue $172.0M $169.8M $551.9M
YoY Change 1.3% 15.83% 13.04%
Cost Of Revenue $105.2M $104.3M $338.9M
YoY Change 0.86% 14.99% 12.26%
Gross Profit $66.90M $65.60M $213.0M
YoY Change 1.98% 17.35% 14.32%
Gross Profit Margin 38.9% 38.63% 38.59%
Selling, General & Admin $47.10M $44.10M $165.2M
YoY Change 6.8% 17.91% 12.36%
% of Gross Profit 70.4% 67.23% 77.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.600M $4.600M $18.32M
YoY Change 21.74% 4.55% 12.39%
% of Gross Profit 8.37% 7.01% 8.6%
Operating Expenses $52.80M $48.80M $165.2M
YoY Change 8.2% 16.75% 1.2%
Operating Profit $14.10M $16.80M $29.37M
YoY Change -16.07% 19.15% 27.16%
Interest Expense $0.00 $100.0K $92.00K
YoY Change -100.0% -50.0% -95.82%
% of Operating Profit 0.0% 0.6% 0.31%
Other Income/Expense, Net
YoY Change
Pretax Income $14.10M $16.80M $29.69M
YoY Change -16.07% 16.67% 17.34%
Income Tax $4.700M $5.600M $9.969M
% Of Pretax Income 33.33% 33.33% 33.58%
Net Earnings $9.400M $11.30M $19.70M
YoY Change -16.81% 11.88% 13.22%
Net Earnings / Revenue 5.47% 6.65% 3.57%
Basic Earnings Per Share $1.36
Diluted Earnings Per Share $648.3K $784.7K $1.36
COMMON SHARES
Basic Shares Outstanding 14.36M shares
Diluted Shares Outstanding 14.40M shares

Balance Sheet

Concept 2011 Q1 2010 Q1 2010
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.80M $96.00M $96.00M
YoY Change -27.29% 186.57% 186.57%
Cash & Equivalents $69.23M $62.99M $63.00M
Short-Term Investments $600.0K $33.00M $33.00M
Other Short-Term Assets $16.10M $14.90M $14.90M
YoY Change 8.05% 6.43% 6.43%
Inventory $121.4M $100.9M $100.9M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $207.9M $211.8M $211.8M
YoY Change -1.83% 58.3% 58.3%
LONG-TERM ASSETS
Property, Plant & Equipment $85.30M $63.80M $63.80M
YoY Change 33.7% 8.32% 8.32%
Goodwill $1.371M
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.200M $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $608.0K $3.000M $3.000M
YoY Change -79.73% 3.45% 3.45%
Total Long-Term Assets $98.48M $68.20M $68.20M
YoY Change 44.4% -36.26% -36.26%
TOTAL ASSETS
Total Short-Term Assets $207.9M $211.8M $211.8M
Total Long-Term Assets $98.48M $68.20M $68.20M
Total Assets $306.4M $280.0M $280.0M
YoY Change 9.43% 16.28% 16.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.93M $62.70M $62.70M
YoY Change 8.35% 19.89% 19.89%
Accrued Expenses $14.59M $22.30M $22.30M
YoY Change -34.59% 17.37% 17.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $91.56M $88.60M $88.60M
YoY Change 3.34% 19.89% 19.89%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $10.04M $10.00M $10.00M
YoY Change 0.36% 16.28% 16.28%
Total Long-Term Liabilities $10.04M $10.00M $10.00M
YoY Change 0.36% 16.28% 16.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $91.56M $88.60M $88.60M
Total Long-Term Liabilities $10.04M $10.00M $10.00M
Total Liabilities $101.6M $98.60M $98.60M
YoY Change 3.04% 19.37% 19.37%
SHAREHOLDERS EQUITY
Retained Earnings $127.8M
YoY Change
Common Stock $77.12M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $165.0K
YoY Change
Treasury Stock Shares 165.8K shares
Shareholders Equity $204.8M $181.3M $181.3M
YoY Change
Total Liabilities & Shareholders Equity $306.4M $280.0M $280.0M
YoY Change 9.43% 16.28% 16.28%

Cashflow Statement

Concept 2011 Q1 2010 Q1 2010
OPERATING ACTIVITIES
Net Income $9.400M $11.30M $19.70M
YoY Change -16.81% 11.88% 13.22%
Depreciation, Depletion And Amortization $5.600M $4.600M $18.32M
YoY Change 21.74% 4.55% 12.39%
Cash From Operating Activities $18.00M $26.20M $41.30M
YoY Change -31.3% -4.73% 0.98%
INVESTING ACTIVITIES
Capital Expenditures -$12.20M -$5.000M -$22.10M
YoY Change 144.0% -9.43%
Acquisitions
YoY Change
Other Investing Activities -$5.100M $9.200M $10.80M
YoY Change -155.43% -138.49% -7.69%
Cash From Investing Activities -$17.10M $4.200M -$11.30M
YoY Change -507.14% -177.78% -11.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.200M 200.0K -500.0K
YoY Change -700.0% -120.0% -44.44%
NET CHANGE
Cash From Operating Activities 18.00M 26.20M 41.30M
Cash From Investing Activities -17.10M 4.200M -11.30M
Cash From Financing Activities -1.200M 200.0K -500.0K
Net Change In Cash -300.0K 30.60M 29.50M
YoY Change -100.98% 45.02% 8.06%
FREE CASH FLOW
Cash From Operating Activities $18.00M $26.20M $41.30M
Capital Expenditures -$12.20M -$5.000M -$22.10M
Free Cash Flow $30.20M $31.20M $63.40M
YoY Change -3.21% -2.91%

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