2016 Q4 Form 10-Q Financial Statement

#000162828017000154 Filed on January 09, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4
Revenue $265.8M $305.0M
YoY Change -12.86% -6.94%
Cost Of Revenue $172.7M $196.4M
YoY Change -12.08% -2.16%
Gross Profit $93.07M $108.6M
YoY Change -14.27% -14.5%
Gross Profit Margin 35.01% 35.59%
Selling, General & Admin $68.60M $72.90M
YoY Change -5.9% -11.64%
% of Gross Profit 73.71% 67.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.90M $12.47M
YoY Change -12.64% -9.02%
% of Gross Profit 11.71% 11.49%
Operating Expenses $73.90M $78.80M
YoY Change -6.22% -11.16%
Operating Profit $8.471M $25.37M
YoY Change -66.61% -33.62%
Interest Expense -$7.100M -$7.100M
YoY Change 0.0% 14.52%
% of Operating Profit -83.82% -27.98%
Other Income/Expense, Net $628.0K -$619.0K
YoY Change -201.45% -241.0%
Pretax Income $1.967M $17.64M
YoY Change -88.85% -45.68%
Income Tax -$2.998M $2.187M
% Of Pretax Income -152.41% 12.4%
Net Earnings $4.965M $15.45M
YoY Change -67.86% -37.39%
Net Earnings / Revenue 1.87% 5.06%
Basic Earnings Per Share $0.08 $0.26
Diluted Earnings Per Share $0.08 $0.26
COMMON SHARES
Basic Shares Outstanding 58.97M shares 59.19M shares
Diluted Shares Outstanding 59.62M shares 59.71M shares

Balance Sheet

Concept 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $176.9M $171.9M
YoY Change 2.91% 96.91%
Cash & Equivalents $176.9M $171.9M
Short-Term Investments
Other Short-Term Assets $48.10M $50.20M
YoY Change -4.18% -1.18%
Inventory $135.1M $143.7M
Prepaid Expenses
Receivables $188.8M $196.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $548.8M $562.8M
YoY Change -2.48% 7.34%
LONG-TERM ASSETS
Property, Plant & Equipment $110.5M $138.6M
YoY Change -20.22% -15.47%
Goodwill $509.5M $601.4M
YoY Change -15.28% -15.89%
Intangibles $230.5M $299.4M
YoY Change -23.0% -13.52%
Long-Term Investments
YoY Change
Other Assets $22.32M $21.39M
YoY Change 4.35% -43.77%
Total Long-Term Assets $872.9M $1.061B
YoY Change -17.71% -16.02%
TOTAL ASSETS
Total Short-Term Assets $548.8M $562.8M
Total Long-Term Assets $872.9M $1.061B
Total Assets $1.422B $1.624B
YoY Change -12.43% -9.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $119.7M $124.4M
YoY Change -3.79% -7.93%
Accrued Expenses $43.20M $42.10M
YoY Change 2.61% -0.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $22.50M -$7.500M
YoY Change -400.0% -233.33%
Total Short-Term Liabilities $247.9M $242.5M
YoY Change 2.23% -4.29%
LONG-TERM LIABILITIES
Long-Term Debt $554.4M $580.6M
YoY Change -4.51% 14.68%
Other Long-Term Liabilities $56.82M $55.59M
YoY Change 2.23% -5.53%
Total Long-Term Liabilities $611.2M $636.1M
YoY Change -3.92% 12.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $247.9M $242.5M
Total Long-Term Liabilities $611.2M $636.1M
Total Liabilities $911.6M $959.1M
YoY Change -4.95% 3.6%
SHAREHOLDERS EQUITY
Retained Earnings $1.265B $1.383B
YoY Change -8.54% 0.6%
Common Stock $141.1M $121.7M
YoY Change 15.97% 8.85%
Preferred Stock
YoY Change
Treasury Stock (at cost) $617.7M $605.3M
YoY Change 2.05% 22.77%
Treasury Stock Shares 20.44M shares 19.93M shares
Shareholders Equity $510.1M $664.5M
YoY Change
Total Liabilities & Shareholders Equity $1.422B $1.624B
YoY Change -12.43% -9.17%

Cashflow Statement

Concept 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income $4.965M $15.45M
YoY Change -67.86% -37.39%
Depreciation, Depletion And Amortization $10.90M $12.47M
YoY Change -12.64% -9.02%
Cash From Operating Activities $12.46M $21.31M
YoY Change -41.5% -211.12%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$5.500M
YoY Change -7.27% -31.25%
Acquisitions $0.00 $530.0K
YoY Change -100.0%
Other Investing Activities $100.0K $900.0K
YoY Change -88.89% 350.0%
Cash From Investing Activities -$5.009M -$4.622M
YoY Change 8.37% -40.45%
FINANCING ACTIVITIES
Cash Dividend Paid $2.358M $2.376M
YoY Change -0.76% -8.55%
Common Stock Issuance & Retirement, Net $0.00 $4.682M
YoY Change -100.0% -95.52%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$5.367M -$7.123M
YoY Change -24.65% -137.21%
NET CHANGE
Cash From Operating Activities $12.46M $21.31M
Cash From Investing Activities -$5.009M -$4.622M
Cash From Financing Activities -$5.367M -$7.123M
Net Change In Cash $2.087M $9.561M
YoY Change -78.17% -222.7%
FREE CASH FLOW
Cash From Operating Activities $12.46M $21.31M
Capital Expenditures -$5.100M -$5.500M
Free Cash Flow $17.56M $26.81M
YoY Change -34.48% -339.9%

Facts In Submission

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CY2015Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4622000 USD
CY2016Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5009000 USD
CY2015Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21306000 USD
CY2016Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12085000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
15448000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
4965000 USD
CY2016 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2 acquisition
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
25371000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
8471000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
23242000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
22316000 USD
CY2015Q4 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
23000 USD
CY2016Q4 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
0 USD
CY2015Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-21174000 USD
CY2016Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-26658000 USD
CY2015Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-20934000 USD
CY2016Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-26122000 USD
CY2015Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-217000 USD
CY2016Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-536000 USD
CY2016Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
51956000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
56577000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
57094000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
56824000 USD
CY2015Q4 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
930000 USD
CY2016Q4 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-464000 USD
CY2015Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-619000 USD
CY2016Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
628000 USD
CY2015Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4682000 USD
CY2016Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2015Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
323000 USD
CY2016Q4 us-gaap Payments For Restructuring
PaymentsForRestructuring
2729000 USD
CY2015Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
2376000 USD
CY2016Q4 us-gaap Payments Of Dividends
PaymentsOfDividends
2358000 USD
CY2015Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
937000 USD
CY2016Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
223000 USD
CY2015Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
530000 USD
CY2016Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2015Q4 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5529000 USD
CY2016Q4 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5139000 USD
CY2016Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
25667000 USD
CY2016Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
24634000 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
45463000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
48098000 USD
CY2015Q4 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-218000 USD
CY2016Q4 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-3750000 USD
CY2015Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1437000 USD
CY2016Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
130000 USD
CY2015Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3719000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3385000 USD
CY2016Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
5592000 USD
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
3955000 USD
CY2015Q4 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-396000 USD
CY2016Q4 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-105000 USD
CY2015Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1246000 USD
CY2016Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2309000 USD
CY2015Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1308000 USD
CY2016Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
777000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
309866000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
306714000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
114015000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
110542000 USD
CY2015Q4 us-gaap Restructuring Charges
RestructuringCharges
4380000 USD
CY2016Q4 us-gaap Restructuring Charges
RestructuringCharges
2948000 USD
CY2015Q3 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
4012000 USD
CY2016Q3 us-gaap Restructuring Reserve
RestructuringReserve
6273000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
6282000 USD
CY2015Q4 us-gaap Restructuring Reserve Settled Without Cash1
RestructuringReserveSettledWithoutCash1
0 USD
CY2016Q4 us-gaap Restructuring Reserve Settled Without Cash1
RestructuringReserveSettledWithoutCash1
188000 USD
CY2015Q4 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-45000 USD
CY2016Q4 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-22000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1259645000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1264615000 USD
CY2015Q4 us-gaap Sales Revenue Net
SalesRevenueNet
305011000 USD
CY2016Q4 us-gaap Sales Revenue Net
SalesRevenueNet
265793000 USD
CY2015Q4 us-gaap Share Based Compensation
ShareBasedCompensation
2961000 USD
CY2016Q4 us-gaap Share Based Compensation
ShareBasedCompensation
9554000 USD
CY2016Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
617700000 USD
CY2016Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
7560566 shares
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
520950000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
510087000 USD
CY2016Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
9254000 USD
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
5928000 USD
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
20439434 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
20439434 shares
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
617731000 USD
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
617731000 USD
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59713000 shares
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59616000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59187000 shares
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58972000 shares

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