2018 Q1 Form 10-K Financial Statement

#000156215118000013 Filed on March 14, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2017 Q3
Revenue $13.23M $19.86M $13.51M
YoY Change -10.91% 10.38% -14.73%
Cost Of Revenue $6.874M $10.08M $7.049M
YoY Change -2.69% 23.83% -11.31%
Gross Profit $6.355M $9.781M $6.456M
YoY Change -18.37% -0.77% -18.17%
Gross Profit Margin 48.04% 49.25% 47.8%
Selling, General & Admin $6.755M $6.280M $6.412M
YoY Change 3.33% 6.26% -2.98%
% of Gross Profit 106.29% 64.21% 99.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.260M $2.290M $2.160M
YoY Change 6.6% 8.53% 5.88%
% of Gross Profit 35.56% 23.41% 33.46%
Operating Expenses $6.755M $6.670M $6.412M
YoY Change 3.33% 6.72% -2.98%
Operating Profit -$843.0K $3.098M -$152.0K
YoY Change -167.44% -12.36% -113.39%
Interest Expense $338.0K -$390.0K $276.0K
YoY Change 75.13% 143.75% 18.45%
% of Operating Profit -12.59%
Other Income/Expense, Net -$343.0K $140.0K -$107.0K
YoY Change 880.0% 0.0% 160.98%
Pretax Income -$1.186M $2.850M -$259.0K
YoY Change -197.61% -18.8% -123.67%
Income Tax -$341.0K $1.000M -$53.00K
% Of Pretax Income 35.09%
Net Earnings -$845.0K $4.741M -$206.0K
YoY Change -212.82% 152.72% -131.35%
Net Earnings / Revenue -6.39% 23.87% -1.53%
Basic Earnings Per Share
Diluted Earnings Per Share -$35.42K $197.5K -$8.750K
COMMON SHARES
Basic Shares Outstanding 24.00M shares 24.00M shares 24.00M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q4 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.53M $29.75M $29.60M
YoY Change 6.19% 4.38% -9.76%
Cash & Equivalents $7.098M $9.792M $7.891M
Short-Term Investments $17.43M $19.96M $21.70M
Other Short-Term Assets $1.937M $1.328M $1.319M
YoY Change 31.32% -23.19% -17.56%
Inventory $74.39M $75.46M $75.27M
Prepaid Expenses
Receivables $4.784M $3.981M $4.703M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $106.3M $110.5M $110.9M
YoY Change 10.95% 8.14% 4.04%
LONG-TERM ASSETS
Property, Plant & Equipment $127.1M $129.0M $129.3M
YoY Change 2.31% 4.67% 9.13%
Goodwill $1.262M $1.262M $1.262M
YoY Change 0.0% 0.0%
Intangibles $12.85M $13.21M $13.61M
YoY Change -10.64% -10.59%
Long-Term Investments
YoY Change
Other Assets $275.0K $245.0K $252.0K
YoY Change 11.79% -2.78% -16.0%
Total Long-Term Assets $141.3M $143.5M $144.2M
YoY Change 0.96% 3.01% 6.89%
TOTAL ASSETS
Total Short-Term Assets $106.3M $110.5M $110.9M
Total Long-Term Assets $141.3M $143.5M $144.2M
Total Assets $247.5M $254.0M $255.1M
YoY Change 5.02% 5.18% 5.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.400M $5.400M $8.000M
YoY Change -7.96% -7.9% -9.09%
Accrued Expenses $3.600M $10.32M $4.900M
YoY Change 56.79% -12.46% -10.91%
Deferred Revenue $593.0K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.125M $1.125M $1.124M
YoY Change 77.44% 77.44% 87.33%
Total Short-Term Liabilities $6.721M $12.04M $16.04M
YoY Change 4.49% -5.88% -2.81%
LONG-TERM LIABILITIES
Long-Term Debt $23.02M $23.31M $23.59M
YoY Change 58.9% 59.1% 59.37%
Other Long-Term Liabilities $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Liabilities $27.95M $28.25M $30.07M
YoY Change 33.32% 33.63% 101.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.721M $12.04M $16.04M
Total Long-Term Liabilities $27.95M $28.25M $30.07M
Total Liabilities $34.67M $40.29M $46.11M
YoY Change 26.55% 18.74% 30.25%
SHAREHOLDERS EQUITY
Retained Earnings -$64.86M -$64.02M -$68.76M
YoY Change -6.61% -8.81%
Common Stock $240.0K $240.0K $240.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $212.9M $213.7M $209.0M
YoY Change
Total Liabilities & Shareholders Equity $247.5M $254.0M $255.1M
YoY Change 5.02% 5.18% 5.63%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2017 Q3
OPERATING ACTIVITIES
Net Income -$845.0K $4.741M -$206.0K
YoY Change -212.82% 152.72% -131.35%
Depreciation, Depletion And Amortization $2.260M $2.290M $2.160M
YoY Change 6.6% 8.53% 5.88%
Cash From Operating Activities -$3.457M $2.440M $2.050M
YoY Change 87.37% 6.55% -18.65%
INVESTING ACTIVITIES
Capital Expenditures $1.289M -$2.020M -$5.240M
YoY Change -57.56% -65.7% 76.43%
Acquisitions
YoY Change
Other Investing Activities $2.510M $1.760M -$1.740M
YoY Change -47.16% 252.0% 262.5%
Cash From Investing Activities $1.225M -$250.0K -$6.980M
YoY Change -28.57% -95.37% 102.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $285.0K
YoY Change 78.13%
Cash From Financing Activities -$462.0K -290.0K -30.00K
YoY Change -10.64% -45.28% -96.34%
NET CHANGE
Cash From Operating Activities -$3.457M 2.440M 2.050M
Cash From Investing Activities $1.225M -250.0K -6.980M
Cash From Financing Activities -$462.0K -290.0K -30.00K
Net Change In Cash -$2.694M 1.900M -4.960M
YoY Change 316.38% -152.2% 185.06%
FREE CASH FLOW
Cash From Operating Activities -$3.457M $2.440M $2.050M
Capital Expenditures $1.289M -$2.020M -$5.240M
Free Cash Flow -$4.746M $4.460M $7.290M
YoY Change -2.79% -45.48% 32.79%

Facts In Submission

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CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
4881000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
338000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
0 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
696000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
626000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
6396000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4881000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
0 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
98000 USD
CY2016Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
6916000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
5691000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
300000 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
300000 USD
CY2017 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
300000 USD
CY2017 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.25
CY2015 us-gaap Depreciation And Amortization
DepreciationAndAmortization
5913000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
6691000 USD
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
7142000 USD
CY2015 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2016 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2017 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.06
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.02
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.08
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.21
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.01
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.02
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.03
CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.08
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.14
CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.03
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2017Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.01
CY2017Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.20
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.26
CY2016Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
2428000 USD
CY2017Q4 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
2225000 USD
CY2015 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
2370000 USD
CY2016 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
1868000 USD
CY2017 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
-1394000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8523000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10081000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
6423000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1402000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1286000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1286000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1286000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1286000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
23050000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
23050000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14527000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12969000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
59000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-242000 USD
CY2017 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-204000 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10543000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10653000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10769000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
1262000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
1262000 USD
CY2015Q1 us-gaap Gross Profit
GrossProfit
7681000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
8089000 USD
CY2015Q3 us-gaap Gross Profit
GrossProfit
6960000 USD
CY2015Q4 us-gaap Gross Profit
GrossProfit
9801000 USD
CY2015 us-gaap Gross Profit
GrossProfit
32531000 USD
CY2016Q1 us-gaap Gross Profit
GrossProfit
7655000 USD
CY2016Q2 us-gaap Gross Profit
GrossProfit
7566000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
7890000 USD
CY2016Q4 us-gaap Gross Profit
GrossProfit
9857000 USD
CY2016 us-gaap Gross Profit
GrossProfit
32968000 USD
CY2017Q1 us-gaap Gross Profit
GrossProfit
7785000 USD
CY2017Q2 us-gaap Gross Profit
GrossProfit
7943000 USD
CY2017Q3 us-gaap Gross Profit
GrossProfit
6456000 USD
CY2017Q4 us-gaap Gross Profit
GrossProfit
9781000 USD
CY2017 us-gaap Gross Profit
GrossProfit
31965000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7932000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5897000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5274000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2806000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2619000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-908000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2697000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2005000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1793000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-107000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
137000 USD
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-89000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
301000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
477000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
317000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
569000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1095000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1075000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-305000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
354000 USD
CY2016 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1292000 USD
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1073000 USD
CY2015 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-18000 USD
CY2016 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-18000 USD
CY2017 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
226000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6331000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7279000 USD
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8856000 USD
CY2015 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
957000 USD
CY2016 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-122000 USD
CY2017 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-401000 USD
CY2015 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
108000 USD
CY2016 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-159000 USD
CY2017 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-7000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
14779000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
13214000 USD
CY2016 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
100000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
200000 USD
CY2015 us-gaap Interest Expense
InterestExpense
252000 USD
CY2016 us-gaap Interest Expense
InterestExpense
840000 USD
CY2017 us-gaap Interest Expense
InterestExpense
910000 USD
CY2015 us-gaap Interest Paid
InterestPaid
138000 USD
CY2016 us-gaap Interest Paid
InterestPaid
722000 USD
CY2017 us-gaap Interest Paid
InterestPaid
831000 USD
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
224000 USD
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
324000 USD
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
33650000 USD
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
40778000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
66856000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
75458000 USD
CY2016Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
378000 USD
CY2017Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
600000 USD
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
32828000 USD
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
34080000 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
288000 USD
CY2015 us-gaap Inventory Write Down
InventoryWriteDown
300000 USD
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
207000 USD
CY2016 us-gaap Inventory Write Down
InventoryWriteDown
200000 USD
CY2017 us-gaap Inventory Write Down
InventoryWriteDown
254000 USD
CY2017 us-gaap Inventory Write Down
InventoryWriteDown
300000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
33932000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
40290000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
241497000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
254009000 USD
CY2017Q4 us-gaap Liabilities Fair Value Disclosure Nonrecurring
LiabilitiesFairValueDisclosureNonrecurring
0 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
8780000 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18190000 USD
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20446000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10203000 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8713000 USD
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10173000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6420000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
12793000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
12041000 USD
CY2016Q4 us-gaap Liabilities Fair Value Disclosure Nonrecurring
LiabilitiesFairValueDisclosureNonrecurring
0 USD
CY2016Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
21139000 USD
CY2017Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
28249000 USD
CY2016Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
634000 USD
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1125000 USD
CY2017Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
23700000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
18895000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1140000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1140000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1140000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1140000 USD
CY2017Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1140000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
14648000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
23305000 USD
CY2016Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 USD
CY2017Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
390000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14536000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3265000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
1074000 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
1542000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
476000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
2034000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
5126000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
231000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
514000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
657000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
1876000 USD
CY2016 us-gaap Net Income Loss
NetIncomeLoss
3278000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
749000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
898000 USD
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
-206000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
4741000 USD
CY2017 us-gaap Net Income Loss
NetIncomeLoss
6182000 USD
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
82000 USD
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-342000 USD
CY2017 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-324000 USD
CY2017 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2015 us-gaap Operating Expenses
OperatingExpenses
24740000 USD
CY2016 us-gaap Operating Expenses
OperatingExpenses
26487000 USD
CY2016 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
0 USD
CY2017 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
98000 USD
CY2015 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
36479000 USD
CY2016 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
5750000 USD
CY2017 us-gaap Operating Expenses
OperatingExpenses
26163000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1950000 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
2156000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
830000 USD
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
2914000 USD
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
7850000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
533000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1036000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1135000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
3535000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
6239000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
1250000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1402000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-152000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
3098000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
5598000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
722000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
291000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
134000 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
295000 USD
CY2015 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
300000 USD
CY2016 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
300000 USD
CY2017 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
300000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
166000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
161000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1729000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1328000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
252000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
245000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-8000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
52000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-28000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-8000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
52000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-28000 USD
CY2015 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
334000 USD
CY2016 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
498000 USD
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
586000 USD
CY2015 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0 USD
CY2016 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0 USD
CY2017 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0 USD
CY2015 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 USD
CY2016 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0 USD
CY2017 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
357000 USD
CY2017 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
5750000 USD
CY2015 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1378000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2625000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2015 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
86000 USD
CY2016 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
7320000 USD
CY2017 us-gaap Payments To Acquire Businesses Gross
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the prior period consolidated balance sheet and statement of cash flows to conform to the current period presentation. The reclassifications had no impact on previously reported net income, equity or cash flows.</font></div></div>
CY2017 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Nature of Operations</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Crimson is in the business of producing and selling ultra-premium plus wines (i.e., wines that retail for over </font><font style="font-family:inherit;font-size:10pt;">$16</font><font style="font-family:inherit;font-size:10pt;">&#160;per 750ml bottle). Crimson is headquartered in Napa, California and through its wholly-owned subsidiaries owns </font><font style="font-family:inherit;font-size:10pt;">six</font><font style="font-family:inherit;font-size:10pt;"> wineries: Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon&#160;and Seven Hills Winery. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pine Ridge Vineyards was acquired in 1991 and has been conducting operations since 1978. Pine Ridge Vineyards owns </font><font style="font-family:inherit;font-size:10pt;">158</font><font style="font-family:inherit;font-size:10pt;"> acres, and controls through leasing arrangements an additional two acres, of estate vineyards in </font><font style="font-family:inherit;font-size:10pt;">five</font><font style="font-family:inherit;font-size:10pt;"> Napa Valley, California appellations &#8211; Stags Leap District, Rutherford, Oakville, Carneros and Howell Mountain. Approximately </font><font style="font-family:inherit;font-size:10pt;">150</font><font style="font-family:inherit;font-size:10pt;"> acres are currently planted. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Crimson started Archery Summit in 1993. Archery Summit owns </font><font style="font-family:inherit;font-size:10pt;">106</font><font style="font-family:inherit;font-size:10pt;"> acres, and controls through leasing arrangements an additional </font><font style="font-family:inherit;font-size:10pt;">17</font><font style="font-family:inherit;font-size:10pt;"> acres, of estate vineyards in the Willamette Valley, Oregon. Approximately </font><font style="font-family:inherit;font-size:10pt;">98</font><font style="font-family:inherit;font-size:10pt;"> acres are currently planted. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Chamisal Vineyards was acquired in 2008 and has been conducting operations since 1973. Chamisal Vineyards owns </font><font style="font-family:inherit;font-size:10pt;">99</font><font style="font-family:inherit;font-size:10pt;"> acres of vineyards in the Edna Valley, California, of which </font><font style="font-family:inherit;font-size:10pt;">86</font><font style="font-family:inherit;font-size:10pt;"> acres are currently planted.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Seghesio Family Vineyards was acquired in 2011 and has been conducting operations since 1895. Seghesio Family Vineyards owns </font><font style="font-family:inherit;font-size:10pt;">313</font><font style="font-family:inherit;font-size:10pt;"> acres of vineyards in </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> Sonoma County, California appellations, the Alexander Valley and Russian River Valley, of which approximately </font><font style="font-family:inherit;font-size:10pt;">283</font><font style="font-family:inherit;font-size:10pt;">&#160;acres are currently planted. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Double Canyon vineyard land was acquired in 2005 and 2006 and is located in the Horse Heaven Hills of Washington&#8217;s Columbia Valley. Since 2010, Double Canyon has produced wines in a third party custom crush facility. In September 2017, Double Canyon completed construction of a </font><font style="font-family:inherit;font-size:10pt;">47,000</font><font style="font-family:inherit;font-size:10pt;"> square-foot wine production facility in West Richland, Washington and began processing fruit from the 2017 harvest. Double Canyon owns </font><font style="font-family:inherit;font-size:10pt;">185</font><font style="font-family:inherit;font-size:10pt;"> acres of vineyards in the Horse Heaven Hills appellation in Washington, of which </font><font style="font-family:inherit;font-size:10pt;">107</font><font style="font-family:inherit;font-size:10pt;"> acres are currently planted. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Seven Hills Winery, which has been conducting operations since 1988, was acquired in the first quarter of 2016 and is located in Walla Walla, Washington. The Company also purchased land, primarily in the Walla Walla Valley. The land purchase encompassed&#160;</font><font style="font-family:inherit;font-size:10pt;">109</font><font style="font-family:inherit;font-size:10pt;"> acres of vineyards and apple orchards, of which </font><font style="font-family:inherit;font-size:10pt;">98</font><font style="font-family:inherit;font-size:10pt;"> acres are currently planted.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Crimson&#8217;s revenue model is a combination of direct to consumer and wholesale distributor sales. The Company&#8217;s wines are available through many principal retail channels for premium table wines, including fine wine restaurants, hotels, specialty shops, supermarkets and club stores, in all states domestically and in over </font><font style="font-family:inherit;font-size:10pt;">35</font><font style="font-family:inherit;font-size:10pt;"> countries throughout the world. References to cases of wine herein refer to nine-liter equivalent cases.</font></div></div>

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