$CTS
CTS CORP

2013 Q4 Form 10-Q Financial Statement

#000119312513415588 Filed on October 29, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $102.4M $103.6M $75.57M
YoY Change 35.3% 37.14% -48.56%
Cost Of Revenue $72.20M $71.63M $110.8M
YoY Change -147.78% -35.33% -7.31%
Gross Profit $30.17M $32.00M $23.15M
YoY Change 34.75% 38.26% -15.53%
Gross Profit Margin 29.46% 30.88% 30.63%
Selling, General & Admin $17.30M $17.83M $19.39M
YoY Change 253.06% -8.04% 5.36%
% of Gross Profit 57.35% 55.71% 83.76%
Research & Development $5.500M $5.718M $4.350M
YoY Change 3.77% 31.45% -5.43%
% of Gross Profit 18.23% 17.87% 18.79%
Depreciation & Amortization $4.500M $5.300M $4.800M
YoY Change -10.0% 10.42% 9.09%
% of Gross Profit 14.92% 16.56% 20.74%
Operating Expenses $22.90M $23.55M $23.74M
YoY Change 124.51% -0.8% 3.2%
Operating Profit $5.010M $7.553M $3.283M
YoY Change -35.28% 130.06% -25.39%
Interest Expense $100.0K $818.0K $584.0K
YoY Change -133.33% 40.07% -392.0%
% of Operating Profit 2.0% 10.83% 17.79%
Other Income/Expense, Net $1.400M $113.0K $604.0K
YoY Change -1500.0% -81.29% -13.71%
Pretax Income $6.500M $7.666M $7.408M
YoY Change 3150.0% 3.48% 48.16%
Income Tax $2.300M $2.551M $1.491M
% Of Pretax Income 35.38% 33.28% 20.13%
Net Earnings -$2.981M $6.819M $5.917M
YoY Change -133.75% 15.24% 44.32%
Net Earnings / Revenue -2.91% 6.58% 7.83%
Basic Earnings Per Share -$0.09 $0.20 $0.17
Diluted Earnings Per Share -$0.09 $0.21 $0.17
COMMON SHARES
Basic Shares Outstanding 33.69M shares 33.70M shares 33.92M shares
Diluted Shares Outstanding 34.33M shares 34.47M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $124.4M $96.70M $83.00M
YoY Change 13.5% 16.51% 10.52%
Cash & Equivalents $124.4M $96.73M $88.62M
Short-Term Investments
Other Short-Term Assets $17.01M $29.66M $24.10M
YoY Change 72.78% 23.08% 0.84%
Inventory $32.23M $84.61M $78.70M
Prepaid Expenses
Receivables $62.67M $96.81M $90.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $236.3M $307.8M $276.4M
YoY Change -23.61% 11.36% 0.36%
LONG-TERM ASSETS
Property, Plant & Equipment $74.87M $89.48M $91.20M
YoY Change -20.12% -1.89% 15.15%
Goodwill $32.05M $35.16M
YoY Change -1.54%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.282M $3.732M $84.80M
YoY Change -13.61% -95.6% -22.27%
Total Long-Term Assets $169.1M $142.6M $205.0M
YoY Change 6.93% -30.44% -6.83%
TOTAL ASSETS
Total Short-Term Assets $236.3M $307.8M $276.4M
Total Long-Term Assets $169.1M $142.6M $205.0M
Total Assets $480.3M $539.9M $481.4M
YoY Change -14.42% 12.15% -2.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $47.05M $71.51M $66.50M
YoY Change -30.78% 7.54% -13.75%
Accrued Expenses $27.25M $50.25M $42.90M
YoY Change -10.65% 17.14% 5.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $95.12M $121.8M $109.4M
YoY Change -17.32% 11.3% -7.37%
LONG-TERM LIABILITIES
Long-Term Debt $75.00M $128.6M $97.00M
YoY Change -51.14% 32.58% 30.2%
Other Long-Term Liabilities $5.481M $19.87M $18.20M
YoY Change -76.73% 9.16% 6.43%
Total Long-Term Liabilities $5.481M $19.87M $115.2M
YoY Change -76.73% -82.75% 25.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $95.12M $121.8M $109.4M
Total Long-Term Liabilities $5.481M $19.87M $115.2M
Total Liabilities $100.6M $141.6M $224.6M
YoY Change -27.41% -36.94% 7.11%
SHAREHOLDERS EQUITY
Retained Earnings $359.0M $363.3M
YoY Change -2.39%
Common Stock $336.8M $335.8M
YoY Change 1.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $317.2M $313.2M
YoY Change 2.0%
Treasury Stock Shares 22.25M shares 22.03M shares
Shareholders Equity $296.7M $269.6M $265.5M
YoY Change
Total Liabilities & Shareholders Equity $480.3M $539.9M $490.1M
YoY Change -14.42% 10.15% -1.07%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$2.981M $6.819M $5.917M
YoY Change -133.75% 15.24% 44.32%
Depreciation, Depletion And Amortization $4.500M $5.300M $4.800M
YoY Change -10.0% 10.42% 9.09%
Cash From Operating Activities $12.10M $15.30M $16.10M
YoY Change -27.54% -4.97% 42.48%
INVESTING ACTIVITIES
Capital Expenditures -$3.100M -$2.500M -$3.600M
YoY Change -16.22% -30.56% 9.09%
Acquisitions
YoY Change
Other Investing Activities $76.20M $400.0K $300.0K
YoY Change -266.01% 33.33%
Cash From Investing Activities $73.10M -$2.100M -$3.200M
YoY Change -247.68% -34.37% -5.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -58.20M -2.600M -15.00M
YoY Change -207.78% -82.67% 120.59%
NET CHANGE
Cash From Operating Activities 12.10M 15.30M 16.10M
Cash From Investing Activities 73.10M -2.100M -3.200M
Cash From Financing Activities -58.20M -2.600M -15.00M
Net Change In Cash 27.00M 10.60M -2.100M
YoY Change 27.36% -604.76% -290.91%
FREE CASH FLOW
Cash From Operating Activities $12.10M $15.30M $16.10M
Capital Expenditures -$3.100M -$2.500M -$3.600M
Free Cash Flow $15.20M $17.80M $19.70M
YoY Change -25.49% -9.64% 34.93%

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OtherComprehensiveIncomeLossNetOfTax
63000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2224000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
373000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
265000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
10908000
us-gaap Increase Decrease In Prepaid Pension Costs
IncreaseDecreaseInPrepaidPensionCosts
2422000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
33000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3159000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
16000
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
32000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-3718000
us-gaap Restricted Stock Expense
RestrictedStockExpense
3141000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-28397000
us-gaap Restructuring Charges
RestructuringCharges
8755000
us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
10800000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
62921000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14881000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
376000
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InsuranceRecoveryForBusinessInterruptionDueToCasualties
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SegmentOperatingEarningsBeforeCorporateAndSharedServices
45905000
cts Other Comprehensive Income Loss Additional Cost Due To Early Retirement Net Of Tax
OtherComprehensiveIncomeLossAdditionalCostDueToEarlyRetirementNetOfTax
0
cts Proceeds From Sale Of Fixed Assets And Assets Held For Sale
ProceedsFromSaleOfFixedAssetsAndAssetsHeldForSale
593000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
4190000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
356438000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
1646000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-144000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
144000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1623000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
26443000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-12841000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Net Of Tax
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-4046000
us-gaap Interest Expense
InterestExpense
2843000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
171000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10315000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17741000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2235000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
3502300000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16677000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4300000
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FiniteLivedIntangibleAssetsWeightedAverageRemainingAmortizationPeriod
P11Y3M18D
cts Other Comprehensive Income Reclassification Of Defined Benefit Plans Foreign Exchange Impact Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansForeignExchangeImpactRecognizedInNetPeriodicBenefitCostNetOfTax
63000
cts Operating Income Loss Before Restructuring
OperatingIncomeLossBeforeRestructuring
24764000
cts Corporate And Shared Services Charges
CorporateAndSharedServicesCharges
21141000
cts Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Foreign Exchange Impact Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansForeignExchangeImpactRecognizedInNetPeriodicBenefitCostTax
2000
cts Insurance Recovery For Property Damage Due To Casualty
InsuranceRecoveryForPropertyDamageDueToCasualty
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6494000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P8Y3M18D
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
11.59
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EarningsPerShareDiluted
0.33
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.105
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
24100 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34588000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
10.87
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.191 pure
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
571000 shares
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24986000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
8.50
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34017000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
195300 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
68150 shares
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
3979650000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15393000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4468000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3574000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
0
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
1818000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
438620000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2166000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
14689000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
297000
us-gaap Investment Income Interest
InvestmentIncomeInterest
1341000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-943000
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-1205000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3892000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
965000
us-gaap Operating Income Loss
OperatingIncomeLoss
14449000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
478608000
us-gaap Interest Paid
InterestPaid
1581000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14218000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1616000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-10020000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-231000
us-gaap Net Income Loss
NetIncomeLoss
11501000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-19483000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6550000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-943000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
277000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
9779000
us-gaap Increase Decrease In Prepaid Pension Costs
IncreaseDecreaseInPrepaidPensionCosts
5122000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-38169000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
167000
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
2250000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
364039000
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
508000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-2926000
us-gaap Restricted Stock Expense
RestrictedStockExpense
3181000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11815000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
2166000
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
612000
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
17703000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
603000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
574000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
13485000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
12208000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationNetOfTax
-3219000
us-gaap Interest Expense
InterestExpense
1869000
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
177000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15590000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1672000
us-gaap Derivative Instruments Loss Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsLossRecognizedInOtherComprehensiveIncomeEffectivePortion
1547000
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
3999750000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14583000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2200000
us-gaap Restructuring Charges
RestructuringCharges
3384000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
58169000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2717000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
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OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansForeignExchangeImpactRecognizedInNetPeriodicBenefitCostNetOfTax
-155000
cts Operating Income Loss Before Restructuring
OperatingIncomeLossBeforeRestructuring
19158000
cts Corporate And Shared Services Charges
CorporateAndSharedServicesCharges
16819000
cts Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting Extraordinary Items And Income Taxes
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingExtraordinaryItemsAndIncomeTaxes
16634000
cts Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Foreign Exchange Impact Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansForeignExchangeImpactRecognizedInNetPeriodicBenefitCostTax
67000
cts Insurance Recovery For Business Interruption And Property Damage Due To Casualties Adjustments To Reconcile Net Earnings To Net Cash Provided By Operating Activities
InsuranceRecoveryForBusinessInterruptionAndPropertyDamageDueToCasualtiesAdjustmentsToReconcileNetEarningsToNetCashProvidedByOperatingActivities
17011000
cts Insurance Recovery For Property Damage Due To Casualty
InsuranceRecoveryForPropertyDamageDueToCasualty
1769000
cts Amortization Of Retirement Benefit Adjustments
AmortizationOfRetirementBenefitAdjustments
5193000
cts Insurance Recovery For Business Interruption Due To Casualties
InsuranceRecoveryForBusinessInterruptionDueToCasualties
15242000
cts Capital Expenditures To Replace Property Damaged By Casualties
CapitalExpendituresToReplacePropertyDamagedByCasualties
2859000
cts Segment Operating Earnings Before Corporate And Shared Services
SegmentOperatingEarningsBeforeCorporateAndSharedServices
35977000
cts Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Additional Cost Due To Early Retirement
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdditionalCostDueToEarlyRetirement
-171000
cts Other Comprehensive Income Loss Additional Cost Due To Early Retirement Net Of Tax
OtherComprehensiveIncomeLossAdditionalCostDueToEarlyRetirementNetOfTax
110000
cts Proceeds From Sale Of Fixed Assets And Assets Held For Sale
ProceedsFromSaleOfFixedAssetsAndAssetsHeldForSale
499000
CY2012Q1 cts Line Of Credit Facility Expand
LineOfCreditFacilityExpand
300000000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.035
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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34471000 shares
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2012Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.201 pure
CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
548000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33923000 shares
CY2012Q3 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0030 pure
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7802000
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
0
CY2012Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
137357000
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
763000
CY2012Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
425000
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1885000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
6804000
CY2012Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
149508000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
7408000
CY2012Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1371000
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
604000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
5917000
CY2012Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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CY2012Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
93000
CY2012Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
444000
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-964000
CY2012Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
1010000
CY2012Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
110763000
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
278000
CY2012Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
87000
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationNetOfTax
-950000
CY2012Q3 us-gaap Interest Expense
InterestExpense
584000
CY2012Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
59000
CY2012Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4350000
CY2012Q3 us-gaap Derivative Instruments Loss Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsLossRecognizedInOtherComprehensiveIncomeEffectivePortion
715000
CY2012Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
900000
CY2012Q3 us-gaap Restructuring Charges
RestructuringCharges
245000
CY2012Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19387000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1491000
CY2012Q3 cts Other Comprehensive Income Reclassification Of Defined Benefit Plans Foreign Exchange Impact Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansForeignExchangeImpactRecognizedInNetPeriodicBenefitCostNetOfTax
-107000
CY2012Q3 cts Operating Income Loss Before Restructuring
OperatingIncomeLossBeforeRestructuring
7682000
CY2012Q3 cts Corporate And Shared Services Charges
CorporateAndSharedServicesCharges
6012000
CY2012Q3 cts Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting Extraordinary Items And Income Taxes
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingExtraordinaryItemsAndIncomeTaxes
7997000
CY2012Q3 cts Number Of Interest Rate Swap Agreements
NumberOfInterestRateSwapAgreements
4 Swap
CY2012Q3 cts Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Foreign Exchange Impact Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansForeignExchangeImpactRecognizedInNetPeriodicBenefitCostTax
58000
CY2012Q3 cts Insurance Recovery For Property Damage Due To Casualty
InsuranceRecoveryForPropertyDamageDueToCasualty
CY2012Q3 cts Insurance Recovery For Business Interruption Due To Casualties
InsuranceRecoveryForBusinessInterruptionDueToCasualties
4192000
CY2012Q3 cts Segment Operating Earnings Before Corporate And Shared Services
SegmentOperatingEarningsBeforeCorporateAndSharedServices
13694000
CY2012Q3 cts Other Comprehensive Income Loss Additional Cost Due To Early Retirement Net Of Tax
OtherComprehensiveIncomeLossAdditionalCostDueToEarlyRetirementNetOfTax
0
CY2013Q1 us-gaap Restructuring And Related Cost Cost Incurred To Date
RestructuringAndRelatedCostCostIncurredToDate
800000
CY2012Q3 cts Number Of Interest Rate Swap Agreements
NumberOfInterestRateSwapAgreements
4 Swap
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.035
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2013Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.344 pure
CY2013Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
635000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33696000 shares
CY2013Q3 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0030 pure
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9125000
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
31000
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
792000
CY2013Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
159563000
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
706000
CY2013Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
442000
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-260000
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2306000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
10093000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10392000
CY2013Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1344000
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
299000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
6819000
CY2013Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-210000
CY2013Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
83000
CY2013Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
430000
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1228000
CY2013Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
660000
CY2013Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
122034000
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-50000
CY2013Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
168000
CY2013Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
533000
CY2013Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Transition Asset Obligation Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationNetOfTax
-1172000
CY2013Q3 us-gaap Interest Expense
InterestExpense
849000
CY2013Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
53000
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5718000
CY2013Q3 us-gaap Derivative Instruments Loss Recognized In Other Comprehensive Income Effective Portion
DerivativeInstrumentsLossRecognizedInOtherComprehensiveIncomeEffectivePortion
428000
CY2013Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1300000
CY2013Q3 us-gaap Restructuring Charges
RestructuringCharges
953000
CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
20765000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3573000
CY2013Q3 cts Other Comprehensive Income Reclassification Of Defined Benefit Plans Foreign Exchange Impact Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansForeignExchangeImpactRecognizedInNetPeriodicBenefitCostNetOfTax
-139000
CY2013Q3 cts Operating Income Loss Before Restructuring
OperatingIncomeLossBeforeRestructuring
11159000
CY2013Q3 cts Corporate And Shared Services Charges
CorporateAndSharedServicesCharges
6305000
CY2013Q3 cts Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Foreign Exchange Impact Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansForeignExchangeImpactRecognizedInNetPeriodicBenefitCostTax
74000
CY2013Q3 cts Insurance Recovery For Property Damage Due To Casualty
InsuranceRecoveryForPropertyDamageDueToCasualty
CY2013Q3 cts Insurance Recovery For Business Interruption Due To Casualties
InsuranceRecoveryForBusinessInterruptionDueToCasualties
CY2013Q3 cts Segment Operating Earnings Before Corporate And Shared Services
SegmentOperatingEarningsBeforeCorporateAndSharedServices
17464000
CY2013Q3 cts Other Comprehensive Income Loss Additional Cost Due To Early Retirement Net Of Tax
OtherComprehensiveIncomeLossAdditionalCostDueToEarlyRetirementNetOfTax
0

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