$EXPO
EXPONENT INC

2020 Q4 Form 10-Q Financial Statement

#000156459020052004 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q3 2019 Q2
Revenue $98.66M $101.5M $106.5M
YoY Change 6.55% 11.38%
Cost Of Revenue $5.200M $6.000M $6.200M
YoY Change -9.09% 10.71%
Gross Profit $93.50M $95.50M $100.3M
YoY Change 7.67% 11.44%
Gross Profit Margin 94.77% 94.04% 94.17%
Selling, General & Admin $67.40M $66.30M $69.80M
YoY Change 9.95% 16.53%
% of Gross Profit 72.09% 69.42% 69.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.700M $1.700M $1.600M
YoY Change 6.25% 6.67%
% of Gross Profit 1.82% 1.78% 1.6%
Operating Expenses $73.10M $78.36M $81.68M
YoY Change 4.89% 11.68%
Operating Profit $20.41M $23.18M $24.82M
YoY Change 12.58% 10.43%
Interest Expense $300.0K $900.0K $900.0K
YoY Change 28.57% 80.0%
% of Operating Profit 1.47% 3.88% 3.63%
Other Income/Expense, Net $3.915M $2.027M $4.028M
YoY Change -40.29% 65.01%
Pretax Income $24.64M $25.21M $28.85M
YoY Change 5.09% 15.78%
Income Tax $6.600M $5.578M $7.857M
% Of Pretax Income 26.79% 22.13% 27.23%
Net Earnings $18.08M $19.63M $20.99M
YoY Change 12.49% 13.94%
Net Earnings / Revenue 18.33% 19.33% 19.71%
Basic Earnings Per Share $0.35 $0.37 $0.40
Diluted Earnings Per Share $0.34 $0.36 $0.39
COMMON SHARES
Basic Shares Outstanding 52.32M 52.80M 52.75M
Diluted Shares Outstanding 53.21M 54.00M 53.87M

Balance Sheet

Concept 2020 Q4 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $207.7M $210.0M $194.5M
YoY Change 3.75% 0.62%
Cash & Equivalents $76.30M $132.8M $104.5M
Short-Term Investments $20.10M $77.10M $90.00M
Other Short-Term Assets $11.00M $13.20M $10.50M
YoY Change 17.86% 14.13%
Inventory
Prepaid Expenses
Receivables $110.0M $128.3M $129.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $328.6M $351.5M $334.7M
YoY Change 4.47% 4.91%
LONG-TERM ASSETS
Property, Plant & Equipment $80.50M $59.32M $56.11M
YoY Change 34.91% 35.54%
Goodwill $8.607M $8.607M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $116.9M $839.0K $949.0K
YoY Change -40.71% -98.91%
Total Long-Term Assets $206.1M $193.0M $186.0M
YoY Change 33.64% 36.05%
TOTAL ASSETS
Total Short-Term Assets $328.6M $351.5M $334.7M
Total Long-Term Assets $206.1M $193.0M $186.0M
Total Assets $534.7M $544.5M $520.6M
YoY Change 13.22% 14.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.60M $16.50M $19.70M
YoY Change 25.0% 58.87%
Accrued Expenses $68.40M $75.60M $64.70M
YoY Change 14.37% 13.91%
Deferred Revenue $8.900M $8.550M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $96.40M $101.0M $92.88M
YoY Change 14.62% 20.16%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $95.10M $2.793M $2.846M
YoY Change -4.05% -95.23%
Total Long-Term Liabilities $95.10M $2.793M $2.846M
YoY Change -4.05% -95.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $96.40M $101.0M $92.88M
Total Long-Term Liabilities $95.10M $2.793M $2.846M
Total Liabilities $191.5M $187.2M $176.8M
YoY Change 24.59% 29.14%
SHAREHOLDERS EQUITY
Retained Earnings $374.0M $363.0M
YoY Change 12.35%
Common Stock $242.8M $241.0M
YoY Change 7.67%
Preferred Stock
YoY Change
Treasury Stock (at cost) $256.4M $257.5M
YoY Change 14.08%
Treasury Stock Shares $13.68M $13.79M
Shareholders Equity $343.2M $357.3M $343.9M
YoY Change
Total Liabilities & Shareholders Equity $534.7M $544.5M $520.6M
YoY Change 13.22% 14.25%

Cashflow Statement

Concept 2020 Q4 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $18.08M $19.63M $20.99M
YoY Change 12.49% 13.94%
Depreciation, Depletion And Amortization $1.700M $1.700M $1.600M
YoY Change 6.25% 6.67%
Cash From Operating Activities $28.20M $27.50M $37.10M
YoY Change 45.5% 53.31%
INVESTING ACTIVITIES
Capital Expenditures -$1.600M -$4.500M -$6.800M
YoY Change 36.36% -417.91%
Acquisitions
YoY Change
Other Investing Activities $14.00M $13.00M $3.100M
YoY Change -320.34%
Cash From Investing Activities $12.40M $8.500M -$3.700M
YoY Change -193.41% 68.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.300M -7.200M -7.800M
YoY Change 9.09% 21.88%
NET CHANGE
Cash From Operating Activities 28.20M 27.50M 37.10M
Cash From Investing Activities 12.40M 8.500M -3.700M
Cash From Financing Activities -9.300M -7.200M -7.800M
Net Change In Cash 31.30M 28.80M 25.60M
YoY Change 800.0% 64.1%
FREE CASH FLOW
Cash From Operating Activities $28.20M $27.50M $37.10M
Capital Expenditures -$1.600M -$4.500M -$6.800M
Free Cash Flow $29.80M $32.00M $43.90M
YoY Change 44.14% 98.99%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
307085000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11290000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15345000
us-gaap Dividends
Dividends
20291000
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1691000
CY2020Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
550000
CY2020Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-129000
CY2020Q4 us-gaap Dividends
Dividends
10045000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
18084000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
343197000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-124000
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
7947000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-11183000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
403000
us-gaap Dividends
Dividends
16999000
us-gaap Net Income Loss
NetIncomeLoss
43706000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
343852000
CY2019Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
389000
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
735000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1748000
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-533000
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-30000
CY2019Q3 us-gaap Dividends
Dividends
8515000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
185616000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
24448000
expo Cost Incurred From Reimbursable Expense
CostIncurredFromReimbursableExpense
17915000
us-gaap Operating Expenses
OperatingExpenses
243324000
us-gaap Operating Income Loss
OperatingIncomeLoss
63761000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
180541000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.16
us-gaap Operating Expenses
OperatingExpenses
231146000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9395000
us-gaap Operating Income Loss
OperatingIncomeLoss
65515000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
us-gaap Net Income Loss
NetIncomeLoss
60712000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
23736000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52383000
expo Cost Incurred From Reimbursable Expense
CostIncurredFromReimbursableExpense
15579000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4592000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
70107000
CY2020Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
550000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1052000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5348000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.57
CY2019Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-533000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53342000
us-gaap Net Income Loss
NetIncomeLoss
60712000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
3013000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11196000
CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52316000
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53209000
CY2020Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
40000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4144000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
38693000
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
44000000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
845000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
313909000
us-gaap Investment Income Net
InvestmentIncomeNet
1496000
us-gaap Investment Income Net
InvestmentIncomeNet
2894000
CY2020Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3915000
CY2019Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1112000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3096000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10729000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
13623000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
77384000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14045000
us-gaap Net Income Loss
NetIncomeLoss
63339000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52694000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53906000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
us-gaap Net Income Loss
NetIncomeLoss
63339000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-657000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-172000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
373000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
59488000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
63055000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
350251000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
905000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1628000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5758000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
40049000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1602000
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
8645000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-15263000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-43000
us-gaap Net Income Loss
NetIncomeLoss
42628000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
332567000
CY2020Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
479000
CY2020Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
80052000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
40049000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1969000
us-gaap Profit Loss
ProfitLoss
60712000
us-gaap Profit Loss
ProfitLoss
63339000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
5176000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
19633000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
357279000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4904000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
150000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
442000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2890000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2146000
us-gaap Share Based Compensation
ShareBasedCompensation
13326000
us-gaap Share Based Compensation
ShareBasedCompensation
13585000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2505000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1671000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7284000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
24665000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8439000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5604000
expo Increase Decrease In Operation Lease Right Of Use Assets
IncreaseDecreaseInOperationLeaseRightOfUseAssets
331000
expo Increase Decrease In Operation Lease Right Of Use Assets
IncreaseDecreaseInOperationLeaseRightOfUseAssets
-24000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
311000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3102000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-12507000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2159000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-3320000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-266000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
62447000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
52293000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
17024000
us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
35000000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
30856000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11717000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
15263000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11183000
us-gaap Payments Of Dividends
PaymentsOfDividends
25223000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
176436000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127059000
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
175949000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-top:10pt;margin-bottom:0pt;text-indent:7.69%;color:#auto;font-family:Times New Roman;font-weight:bold;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates. <span style="font-weight:normal;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Items subject to such estimates and assumptions include accounting for revenue recognition and estimating the allowance for contract losses and doubtful accounts. Actual results could differ from those estimates. The Company’s estimate of its allowance for contract losses and doubtful accounts takes into consideration the macroeconomic effect of global events such as the COVID-19 pandemic which may impact the ability of its customers to pay.</span></p>
CY2020Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3491000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7864000
CY2020Q4 expo Subcontractor Fees Not Included In Revenues
SubcontractorFeesNotIncludedInRevenues
347000
CY2019Q3 expo Subcontractor Fees Not Included In Revenues
SubcontractorFeesNotIncludedInRevenues
1344000
expo Subcontractor Fees Not Included In Revenues
SubcontractorFeesNotIncludedInRevenues
7718000
expo Subcontractor Fees Not Included In Revenues
SubcontractorFeesNotIncludedInRevenues
11743000
CY2020Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
80052000
CY2020Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
80052000
CY2020Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
172310000
CY2020Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
76357000
CY2020Q1 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
76357000
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
207624000
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
94000
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
207718000
CY2020Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
231277000
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
324000
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
231601000
expo Share Based Compensation Arrangements By Share Based Payment Award Options Expiration Term
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationTerm
P10Y
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52802000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52383000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52694000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54002000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53342000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53906000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
34139
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
75000000
CY2020Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
45000000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
636000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
40049000
CY2020Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
75455000
CY2020Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
79573000
CY2020Q1 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
75934000
CY2020Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
76357000
CY2020Q4 expo Change In Market Value Of Deferred Compensation Trust Assets
ChangeInMarketValueOfDeferredCompensationTrustAssets
3220000
CY2019Q3 expo Change In Market Value Of Deferred Compensation Trust Assets
ChangeInMarketValueOfDeferredCompensationTrustAssets
361000
expo Change In Market Value Of Deferred Compensation Trust Assets
ChangeInMarketValueOfDeferredCompensationTrustAssets
-399000
expo Change In Market Value Of Deferred Compensation Trust Assets
ChangeInMarketValueOfDeferredCompensationTrustAssets
8415000
us-gaap Income Taxes Paid
IncomeTaxesPaid
9370000
us-gaap Income Taxes Paid
IncomeTaxesPaid
14884000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-172000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
373000
expo Vested Restricted Stock Awards Issued To Settle Accrued Bonuses
VestedRestrictedStockAwardsIssuedToSettleAccruedBonuses
8645000
expo Vested Restricted Stock Awards Issued To Settle Accrued Bonuses
VestedRestrictedStockAwardsIssuedToSettleAccruedBonuses
7947000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
322000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2326000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1802000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
28678000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5834000
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4295000
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
109964000
CY2020Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
120138000
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4295000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2890000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1351000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5834000
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
98663000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
101548000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
296661000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
307085000
CY2020Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
20407000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
23184000
us-gaap Operating Income Loss
OperatingIncomeLoss
65515000
us-gaap Operating Income Loss
OperatingIncomeLoss
63761000
CY2020Q4 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
1621000
CY2019Q3 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
4878000
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
4304000
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
18119000
CY2020Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1689000
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1672000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
5176000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
4904000
CY2020Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
1508000
CY2019Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1699000
us-gaap Operating Lease Payments
OperatingLeasePayments
5552000
us-gaap Operating Lease Payments
OperatingLeasePayments
5980000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y7M6D
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M12D
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1371000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6524000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5308000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3644000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2252000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1491000
CY2020Q4 expo Lessee Operating Lease Liability Payments Due Year Six
LesseeOperatingLeaseLiabilityPaymentsDueYearSix
1507000
CY2020Q4 expo Lessee Operating Lease Liability Payments Due Year Seven
LesseeOperatingLeaseLiabilityPaymentsDueYearSeven
1466000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
23563000
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2710000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
20853000

Files In Submission

Name View Source Status
0001564590-20-052004-index-headers.html Edgar Link pending
0001564590-20-052004-index.html Edgar Link pending
0001564590-20-052004.txt Edgar Link pending
0001564590-20-052004-xbrl.zip Edgar Link pending
expo-10q_20201002.htm Edgar Link pending
expo-10q_20201002_htm.xml Edgar Link completed
expo-20201002.xsd Edgar Link pending
expo-20201002_cal.xml Edgar Link unprocessable
expo-20201002_def.xml Edgar Link unprocessable
expo-20201002_lab.xml Edgar Link unprocessable
expo-20201002_pre.xml Edgar Link unprocessable
expo-ex311_6.htm Edgar Link pending
expo-ex312_8.htm Edgar Link pending
expo-ex321_9.htm Edgar Link pending
expo-ex322_7.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending