2016 Q1 Form 10-Q Financial Statement

#000000695516000071 Filed on April 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $263.3M $301.0M
YoY Change -12.53% -8.17%
Cost Of Revenue $172.3M $191.2M
YoY Change -9.93% -5.94%
Gross Profit $91.03M $109.8M
YoY Change -17.07% -11.8%
Gross Profit Margin 34.57% 36.46%
Selling, General & Admin $67.20M $75.80M
YoY Change -11.35% -4.29%
% of Gross Profit 73.82% 69.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.40M $13.20M
YoY Change -6.06% -16.46%
% of Gross Profit 13.62% 12.03%
Operating Expenses $73.00M $81.90M
YoY Change -10.87% -4.21%
Operating Profit -$172.1M -$56.45M
YoY Change 204.91% -244.81%
Interest Expense -$6.900M -$7.000M
YoY Change -1.43% 11.11%
% of Operating Profit
Other Income/Expense, Net -$235.0K $619.0K
YoY Change -137.96% -146.68%
Pretax Income -$179.2M -$62.86M
YoY Change 185.11% -300.23%
Income Tax -$20.03M $1.980M
% Of Pretax Income
Net Earnings -$159.2M -$64.84M
YoY Change 145.52% -256.64%
Net Earnings / Revenue -60.46% -21.54%
Basic Earnings Per Share -$2.70 -$1.05
Diluted Earnings Per Share -$2.70 -$1.05
COMMON SHARES
Basic Shares Outstanding 58.99M shares 61.76M shares
Diluted Shares Outstanding 58.99M shares 61.76M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $154.7M $87.50M
YoY Change 76.8% -43.55%
Cash & Equivalents $154.7M $87.50M
Short-Term Investments
Other Short-Term Assets $54.90M $58.90M
YoY Change -6.79% 26.94%
Inventory $147.4M $162.8M
Prepaid Expenses
Receivables $181.3M $204.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $538.3M $513.2M
YoY Change 4.88% -14.52%
LONG-TERM ASSETS
Property, Plant & Equipment $110.9M $153.2M
YoY Change -27.62% -26.42%
Goodwill $486.4M $616.0M
YoY Change -21.04% -17.85%
Intangibles $250.5M $324.9M
YoY Change -22.88% -12.68%
Long-Term Investments
YoY Change
Other Assets $24.97M $29.59M
YoY Change -15.63% 2.98%
Total Long-Term Assets $872.7M $1.124B
YoY Change -22.33% -17.31%
TOTAL ASSETS
Total Short-Term Assets $538.3M $513.2M
Total Long-Term Assets $872.7M $1.124B
Total Assets $1.411B $1.637B
YoY Change -13.8% -16.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $111.6M $126.9M
YoY Change -12.09% -17.46%
Accrued Expenses $40.90M $41.80M
YoY Change -2.15% -8.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due -$11.25M $6.750M
YoY Change -266.67% 200.0%
Total Short-Term Liabilities $221.6M $232.7M
YoY Change -4.77% -21.99%
LONG-TERM LIABILITIES
Long-Term Debt $576.8M $580.0M
YoY Change -0.55% 49.58%
Other Long-Term Liabilities $56.12M $55.80M
YoY Change 0.58% -13.61%
Total Long-Term Liabilities $632.9M $635.8M
YoY Change -0.45% 40.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $221.6M $232.7M
Total Long-Term Liabilities $632.9M $635.8M
Total Liabilities $923.5M $970.1M
YoY Change -4.81% 29.24%
SHAREHOLDERS EQUITY
Retained Earnings $1.223B $1.309B
YoY Change -6.57% 3.43%
Common Stock $122.8M $114.5M
YoY Change 7.26% 18.94%
Preferred Stock
YoY Change
Treasury Stock (at cost) $610.0M $569.1M
YoY Change 7.18% 165.94%
Treasury Stock Shares 20.13M shares 18.44M shares
Shareholders Equity $487.5M $666.7M
YoY Change
Total Liabilities & Shareholders Equity $1.411B $1.637B
YoY Change -13.8% -16.45%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income -$159.2M -$64.84M
YoY Change 145.52% -256.64%
Depreciation, Depletion And Amortization $12.40M $13.20M
YoY Change -6.06% -16.46%
Cash From Operating Activities $7.600M $22.40M
YoY Change -66.07% 460.0%
INVESTING ACTIVITIES
Capital Expenditures -$5.500M -$4.900M
YoY Change 12.24% -55.05%
Acquisitions
YoY Change
Other Investing Activities -$11.30M $500.0K
YoY Change -2360.0% -99.79%
Cash From Investing Activities -$16.80M -$4.400M
YoY Change 281.82% -101.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.900M -3.000M
YoY Change 30.0% -98.44%
NET CHANGE
Cash From Operating Activities 7.600M 22.40M
Cash From Investing Activities -16.80M -4.400M
Cash From Financing Activities -3.900M -3.000M
Net Change In Cash -13.10M 15.00M
YoY Change -187.33% -66.37%
FREE CASH FLOW
Cash From Operating Activities $7.600M $22.40M
Capital Expenditures -$5.500M -$4.900M
Free Cash Flow $13.10M $27.30M
YoY Change -52.01% 83.22%

Facts In Submission

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13353000 USD
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2296000 USD
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CY2016Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2325000 USD
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1332000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
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15026000 USD
us-gaap Payments To Acquire Productive Assets
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12877000 USD
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PaymentsToAcquireProductiveAssets
11004000 USD
CY2015Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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17828000 USD
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us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2014Q3 us-gaap Product Warranty Accrual
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CY2015Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2015Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2016Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3451000 USD
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ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
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us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
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us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2418000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2297000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2837000 USD
us-gaap Product Warranty Accrual Warranties Issued
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2096000 USD
CY2015Q3 us-gaap Property Plant And Equipment Gross
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0 USD
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166000 USD
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5873000 USD
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ShareBasedCompensation
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7000000 shares
CY2014Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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7000000 shares
CY2015Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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7000000 shares
CY2016Q1 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2016Q1 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
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CY2015Q3 us-gaap Taxes Payable Current
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CY2015Q3 us-gaap Treasury Stock Shares
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CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58991000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59089000 shares

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