2015 Q4 Form 10-Q Financial Statement

#000084048915000047 Filed on October 28, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2014 Q3
Revenue $191.4M $175.0M
YoY Change -5.6% 0.93%
Cost Of Revenue $88.50M $76.14M
YoY Change -2.9% -4.11%
Gross Profit $102.9M $98.86M
YoY Change -7.8% 5.2%
Gross Profit Margin 53.77% 56.49%
Selling, General & Admin $67.00M $62.70M
YoY Change 0.75% 5.38%
% of Gross Profit 65.1% 63.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.200M $4.400M
YoY Change -6.67% 12.82%
% of Gross Profit 4.08% 4.45%
Operating Expenses $75.30M $70.98M
YoY Change 0.48% 10.01%
Operating Profit $27.63M $27.88M
YoY Change -24.71% -5.33%
Interest Expense -$4.000M $4.059M
YoY Change 0.0% 261.76%
% of Operating Profit -14.48% 14.56%
Other Income/Expense, Net
YoY Change
Pretax Income $27.60M $27.88M
YoY Change -24.8% -5.33%
Income Tax $8.200M $8.352M
% Of Pretax Income 29.71% 29.96%
Net Earnings $19.41M $19.53M
YoY Change -27.95% -15.61%
Net Earnings / Revenue 10.14% 11.16%
Basic Earnings Per Share $0.69
Diluted Earnings Per Share $0.69 $0.68
COMMON SHARES
Basic Shares Outstanding 27.81M shares 28.40M shares
Diluted Shares Outstanding 28.10M shares 28.81M shares

Balance Sheet

Concept 2015 Q4 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.00M $42.80M
YoY Change 27.94% 40.33%
Cash & Equivalents $86.95M $42.76M
Short-Term Investments
Other Short-Term Assets $6.300M $12.60M
YoY Change 26.0% 55.56%
Inventory $93.46M $94.89M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $325.4M $308.2M
YoY Change 8.21% 17.88%
LONG-TERM ASSETS
Property, Plant & Equipment $112.4M $115.1M
YoY Change -1.15% 12.83%
Goodwill $295.6M $264.9M
YoY Change 6.76% 14.92%
Intangibles $6.181M
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.903M $16.46M
YoY Change -75.86% 89.74%
Total Long-Term Assets $427.5M $396.5M
YoY Change 3.97% 16.2%
TOTAL ASSETS
Total Short-Term Assets $325.4M $308.2M
Total Long-Term Assets $427.5M $396.5M
Total Assets $752.9M $704.7M
YoY Change 5.76% 16.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.823M $50.20M
YoY Change -15.13% 41.81%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $46.18M $50.18M
YoY Change 8.5% 3.54%
LONG-TERM LIABILITIES
Long-Term Debt $253.9M $217.5M
YoY Change 14.16% 37.31%
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $217.5M
YoY Change -100.0% 37.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.18M $50.18M
Total Long-Term Liabilities $0.00 $217.5M
Total Liabilities $321.5M $275.2M
YoY Change 13.94% 27.92%
SHAREHOLDERS EQUITY
Retained Earnings $643.6M $556.0M
YoY Change 10.42% 17.55%
Common Stock $403.0K $395.0K
YoY Change 1.51% 0.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $336.6M $296.6M
YoY Change 13.48% 17.39%
Treasury Stock Shares 12.05M shares
Shareholders Equity $431.4M $429.5M
YoY Change
Total Liabilities & Shareholders Equity $752.9M $704.7M
YoY Change 5.06% 16.93%

Cashflow Statement

Concept 2015 Q4 2014 Q3
OPERATING ACTIVITIES
Net Income $19.41M $19.53M
YoY Change -27.95% -15.61%
Depreciation, Depletion And Amortization $4.200M $4.400M
YoY Change -6.67% 12.82%
Cash From Operating Activities $27.60M $20.80M
YoY Change -2.82% -28.28%
INVESTING ACTIVITIES
Capital Expenditures -$5.600M -$5.700M
YoY Change -9.68% -24.0%
Acquisitions
YoY Change
Other Investing Activities $4.700M -$44.90M
YoY Change -313.64% 103.17%
Cash From Investing Activities -$900.0K -$50.60M
YoY Change -89.29% 70.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.500M -10.60M
YoY Change -193.14% 715.38%
NET CHANGE
Cash From Operating Activities 27.60M 20.80M
Cash From Investing Activities -900.0K -50.60M
Cash From Financing Activities -9.500M -10.60M
Net Change In Cash 17.20M -40.40M
YoY Change -43.05% 1920.0%
FREE CASH FLOW
Cash From Operating Activities $27.60M $20.80M
Capital Expenditures -$5.600M -$5.700M
Free Cash Flow $33.20M $26.50M
YoY Change -4.05% -27.4%

Facts In Submission

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398000 shares
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
205000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
212000 shares
CY2014Q3 us-gaap Interest Expense
InterestExpense
4059000 USD
us-gaap Interest Expense
InterestExpense
9405000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
4336000 USD
us-gaap Interest Expense
InterestExpense
12482000 USD
CY2014Q3 us-gaap Inventory Net
InventoryNet
94890000 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
91088000 USD
CY2015Q3 us-gaap Inventory Net
InventoryNet
98188000 USD
CY2014Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
179000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
522000 USD
CY2015Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
406000 USD
CY2014Q3 us-gaap Liabilities
Liabilities
275213000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
266124000 USD
CY2015Q3 us-gaap Liabilities
Liabilities
315472000 USD
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
704667000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
714675000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
755202000 USD
CY2014Q3 us-gaap Liabilities Current
LiabilitiesCurrent
50178000 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
42559000 USD
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
46972000 USD
CY2014Q3 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
17500000 USD
CY2014Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
22400000 USD
CY2015Q3 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
68500000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19325000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
18644000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76998000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-70842000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
69328000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
65122000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
19528000 USD
us-gaap Net Income Loss
NetIncomeLoss
58225000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
11173000 USD
us-gaap Net Income Loss
NetIncomeLoss
41300000 USD
CY2014Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
209000000 USD
CY2014Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
207000000 USD
CY2015Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
201000000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2014Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
49293000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
146719000 USD
CY2015Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
50995000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
155062000 USD
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
70983000 USD
us-gaap Operating Expenses
OperatingExpenses
208953000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
79208000 USD
us-gaap Operating Expenses
OperatingExpenses
228205000 USD
CY2014Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
16464000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
16168000 USD
CY2015Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
14297000 USD
CY2014Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-4940000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-4628000 USD
CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-13998000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-22874000 USD
CY2014Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-7600000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-7120000 USD
CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-21536000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
-35191000 USD
CY2014Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-2660000 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-2492000 USD
CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-7538000 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-12317000 USD
CY2014Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
4404000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
13001000 USD
CY2015Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
4637000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
13651000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
43947000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
31974000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6601000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
34873000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
33015000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
17801000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
15528000 USD
CY2014Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2014Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
6292000 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
4970000 USD
CY2015Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
5815000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
200000000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
25500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
82055000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2262000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2901000 USD
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
115115000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
113750000 USD
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
110285000 USD
CY2014Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2913000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6892000 USD
CY2015Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2368000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5074000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
190000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
35955000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
8352000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
555953000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
582894000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
624194000 USD
CY2014Q3 us-gaap Revenues
Revenues
175000000 USD
us-gaap Revenues
Revenues
510103000 USD
CY2015Q3 us-gaap Revenues
Revenues
169532000 USD
us-gaap Revenues
Revenues
513178000 USD
CY2014Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
101950000 USD
CY2015Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
104937000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
321016000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1370000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
209000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
297846000 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
429454000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
448551000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
439730000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
414359000 USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
429454000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
448551000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
439730000 USD
CY2014Q3 us-gaap Treasury Stock Value
TreasuryStockValue
296634000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
296634000 USD
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
328608000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
43947000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
31974000 USD
CY2014Q3 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
200000000 USD
CY2014Q4 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
200000000 USD
CY2015Q3 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
200000000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28805000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29160000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28224000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28418000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28397000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28762000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28019000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28206000 shares

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