2017 Q1 Form 10-Q Financial Statement

#000087652317000060 Filed on May 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $189.6M $188.2M
YoY Change 0.75% -0.28%
Cost Of Revenue $70.49M $68.33M
YoY Change 3.16% -5.74%
Gross Profit $109.9M $108.4M
YoY Change 1.41% 7.04%
Gross Profit Margin 57.95% 57.58%
Selling, General & Admin $13.30M $15.60M
YoY Change -14.74% 5.41%
% of Gross Profit 12.1% 14.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.000M $7.000M
YoY Change -14.29% -23.08%
% of Gross Profit 5.46% 6.46%
Operating Expenses $93.84M $95.35M
YoY Change -1.58% -5.76%
Operating Profit $16.05M $13.01M
YoY Change 23.35% 5.02%
Interest Expense $5.628M $3.951M
YoY Change 42.44% -65.02%
% of Operating Profit 35.06% 30.36%
Other Income/Expense, Net -$228.0K -$213.0K
YoY Change 7.04% -88.56%
Pretax Income $13.68M $10.73M
YoY Change 27.45% -372.99%
Income Tax $5.449M $8.427M
% Of Pretax Income 39.83% 78.51%
Net Earnings $8.023M -$70.81M
YoY Change -111.33% -5372.67%
Net Earnings / Revenue 4.23% -37.62%
Basic Earnings Per Share $0.14 -$1.29
Diluted Earnings Per Share $0.14 -$1.29
COMMON SHARES
Basic Shares Outstanding 54.29M shares 54.84M shares
Diluted Shares Outstanding 54.35M shares 54.94M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $120.1M $83.00M
YoY Change 44.7% -41.01%
Cash & Equivalents $120.1M $75.34M
Short-Term Investments $7.700M
Other Short-Term Assets $31.00M $38.70M
YoY Change -19.9% -50.19%
Inventory $137.0M $126.4M
Prepaid Expenses $13.33M
Receivables $10.60M $27.60M
Other Receivables $173.3M $180.4M
Total Short-Term Assets $488.4M $456.1M
YoY Change 7.09% -25.02%
LONG-TERM ASSETS
Property, Plant & Equipment $53.63M $63.58M
YoY Change -15.64% -37.83%
Goodwill $254.2M $254.8M
YoY Change -0.22% -26.14%
Intangibles $31.77M $40.20M
YoY Change -20.97% -19.08%
Long-Term Investments $38.33M $56.68M
YoY Change -32.36% -40.03%
Other Assets $18.17M $19.66M
YoY Change -7.53% -67.26%
Total Long-Term Assets $473.6M $578.4M
YoY Change -18.12% -24.82%
TOTAL ASSETS
Total Short-Term Assets $488.4M $456.1M
Total Long-Term Assets $473.6M $578.4M
Total Assets $962.0M $1.034B
YoY Change -7.01% -24.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $62.30M $85.80M
YoY Change -27.39% -4.35%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $82.17M
YoY Change -100.0% 14.98%
Total Short-Term Liabilities $73.33M $188.6M
YoY Change -61.12% 5.97%
LONG-TERM LIABILITIES
Long-Term Debt $266.7M $252.8M
YoY Change 5.5% -26.71%
Other Long-Term Liabilities $8.448M $2.751M
YoY Change 207.09% -64.15%
Total Long-Term Liabilities $275.2M $255.6M
YoY Change 7.67% -27.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $73.33M $188.6M
Total Long-Term Liabilities $275.2M $255.6M
Total Liabilities $348.5M $444.2M
YoY Change -21.54% -16.29%
SHAREHOLDERS EQUITY
Retained Earnings $335.0M $341.5M
YoY Change -1.92% -34.64%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity $614.5M $591.8M
YoY Change
Total Liabilities & Shareholders Equity $962.0M $1.034B
YoY Change -7.01% -24.91%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $8.023M -$70.81M
YoY Change -111.33% -5372.67%
Depreciation, Depletion And Amortization $6.000M $7.000M
YoY Change -14.29% -23.08%
Cash From Operating Activities $26.00M $55.74M
YoY Change -53.35% 147396.69%
INVESTING ACTIVITIES
Capital Expenditures -$5.700M -$1.800M
YoY Change 216.67% -73.91%
Acquisitions
YoY Change
Other Investing Activities -$7.300M $25.20M
YoY Change -128.97% -35.55%
Cash From Investing Activities $28.90M $14.04M
YoY Change 105.87% 58550.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.0K -$49.95M
YoY Change -99.8% -195993.47%
NET CHANGE
Cash From Operating Activities 26.00M $55.74M
Cash From Investing Activities 28.90M $14.04M
Cash From Financing Activities -100.0K -$49.95M
Net Change In Cash 54.80M $19.83M
YoY Change 176.32% 22637.64%
FREE CASH FLOW
Cash From Operating Activities $26.00M $55.74M
Capital Expenditures -$5.700M -$1.800M
Free Cash Flow $31.70M $57.54M
YoY Change -44.91% 729.36%

Facts In Submission

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us-gaap Operating Costs And Expenses
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148274000 USD
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us-gaap Operating Costs And Expenses
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us-gaap Operating Expenses
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us-gaap Operating Expenses
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CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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OtherSalesRevenueNet
1959000 USD
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OtherSalesRevenueNet
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OtherSalesRevenueNet
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
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PaymentsForProceedsFromOtherInvestingActivities
-7300000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-15051000 USD
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ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities
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us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
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ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2017Q1 us-gaap Profit Loss
ProfitLoss
7856000 USD
us-gaap Profit Loss
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PropertyPlantAndEquipmentGross
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PropertyPlantAndEquipmentGross
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us-gaap Restructuring Charges
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us-gaap Revenue Other Financial Services
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us-gaap Revenue Other Financial Services
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Revenues
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us-gaap Revenues
Revenues
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Revenues
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us-gaap Revenues
Revenues
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SalesRevenueGoodsNet
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us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
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CY2017Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
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us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
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us-gaap Share Based Compensation
ShareBasedCompensation
2149000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
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StockIssuedDuringPeriodValueRestrictedStockAwardGross
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StockholdersEquity
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CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54943000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54346000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54278000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54843000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54869000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54291000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54224000 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates and Assumptions</font></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates and judgments, including those related to revenue recognition, inventories, loan loss allowances, long-lived and intangible assets, share-based compensation, income taxes, contingencies and litigation. We base our estimates on historical experience, observable trends and various other assumptions that we believe are reasonable under the circumstances. We use this information to make judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ materially from these estimates under different assumptions or conditions.</font></div></div>

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