2017 Q1 Form 10-Q Financial Statement

#000003872517000089 Filed on May 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q2
Revenue $220.3M $218.4M
YoY Change 0.46% -3.23%
Cost Of Revenue $144.4M $144.2M
YoY Change -3.84% -6.51%
Gross Profit $75.80M $74.20M
YoY Change 9.7% 3.78%
Gross Profit Margin 34.41% 33.97%
Selling, General & Admin $57.00M $52.35M
YoY Change 26.38% -5.1%
% of Gross Profit 75.19% 70.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.924M $8.752M
YoY Change 2.57% -1.0%
% of Gross Profit 11.77% 11.8%
Operating Expenses $57.00M $52.35M
YoY Change 26.66% -5.1%
Operating Profit $18.51M $21.07M
YoY Change -23.22% 32.8%
Interest Expense $3.514M $2.427M
YoY Change -209.81% -10.38%
% of Operating Profit 18.99% 11.52%
Other Income/Expense, Net $672.0K -$32.00K
YoY Change -16.0% -101.06%
Pretax Income $16.14M $18.54M
YoY Change -23.88% 11.7%
Income Tax $204.0K $4.955M
% Of Pretax Income 1.26% 26.73%
Net Earnings $15.70M $13.50M
YoY Change -3.09% -31.82%
Net Earnings / Revenue 7.13% 6.18%
Basic Earnings Per Share $0.33 $0.28
Diluted Earnings Per Share $0.33 $0.28
COMMON SHARES
Basic Shares Outstanding 46.40M shares 46.10M shares
Diluted Shares Outstanding 47.00M shares 46.40M shares

Balance Sheet

Concept 2017 Q1 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.70M $74.60M
YoY Change -13.36% 7.18%
Cash & Equivalents $70.65M $74.64M
Short-Term Investments
Other Short-Term Assets $33.80M $30.62M
YoY Change -2.63% -20.24%
Inventory $235.7M $207.7M
Prepaid Expenses
Receivables $154.7M $151.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $494.9M $464.2M
YoY Change 12.95% -7.09%
LONG-TERM ASSETS
Property, Plant & Equipment $197.4M $194.8M
YoY Change 3.88% -1.73%
Goodwill $200.4M $201.6M
YoY Change 0.3% -1.24%
Intangibles $133.7M $141.5M
YoY Change -5.43% -7.84%
Long-Term Investments
YoY Change
Other Assets $21.77M $21.66M
YoY Change 0.43% 8.48%
Total Long-Term Assets $560.4M $568.4M
YoY Change 0.44% -2.2%
TOTAL ASSETS
Total Short-Term Assets $494.9M $464.2M
Total Long-Term Assets $560.4M $568.4M
Total Assets $1.055B $1.033B
YoY Change 5.94% -4.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $69.04M $62.57M
YoY Change 19.4% 5.79%
Accrued Expenses $43.50M $46.59M
YoY Change -16.52% -18.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $33.80M $45.30M
YoY Change 2.74% -56.1%
Total Short-Term Liabilities $149.5M $157.1M
YoY Change 3.33% -29.08%
LONG-TERM LIABILITIES
Long-Term Debt $156.2M $187.3M
YoY Change -16.83% 30.8%
Other Long-Term Liabilities $18.37M $17.66M
YoY Change 11.24% -15.05%
Total Long-Term Liabilities $18.37M $17.66M
YoY Change 11.24% -15.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $149.5M $157.1M
Total Long-Term Liabilities $18.37M $17.66M
Total Liabilities $167.9M $174.8M
YoY Change 4.14% -27.87%
SHAREHOLDERS EQUITY
Retained Earnings $560.3M $502.5M
YoY Change 12.47% -0.63%
Common Stock $236.6M $4.617M
YoY Change 7.02% -3.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $636.0M $578.3M
YoY Change
Total Liabilities & Shareholders Equity $1.055B $1.033B
YoY Change 5.94% -4.46%

Cashflow Statement

Concept 2017 Q1 2016 Q2
OPERATING ACTIVITIES
Net Income $15.70M $13.50M
YoY Change -3.09% -31.82%
Depreciation, Depletion And Amortization $8.924M $8.752M
YoY Change 2.57% -1.0%
Cash From Operating Activities -$24.57M -$437.0K
YoY Change -162.52% -98.0%
INVESTING ACTIVITIES
Capital Expenditures $4.908M $11.15M
YoY Change -145.87% 165.23%
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities $7.000K $0.00
YoY Change -101.17% -100.0%
Cash From Investing Activities -$4.881M -$10.97M
YoY Change -56.42% 40.38%
FINANCING ACTIVITIES
Cash Dividend Paid $4.668M $4.506M
YoY Change 5.21%
Common Stock Issuance & Retirement, Net $184.0K $3.764M
YoY Change 167.9%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$5.312M $3.572M
YoY Change -82.86% -91.77%
NET CHANGE
Cash From Operating Activities -$24.57M -$437.0K
Cash From Investing Activities -$4.881M -$10.97M
Cash From Financing Activities -$5.312M $3.572M
Net Change In Cash -$34.76M -$7.833M
YoY Change 1098.76% 0.26%
FREE CASH FLOW
Cash From Operating Activities -$24.57M -$437.0K
Capital Expenditures $4.908M $11.15M
Free Cash Flow -$29.48M -$11.59M
YoY Change -158.96% -55.43%

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190000000 USD
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1300000 USD
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1300000 USD
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31300000 USD
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33800000 USD
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33800000 USD
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91300000 USD
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1300000 USD
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1300000 USD
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15700000 USD
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15730000 USD
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123000 USD
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204000 USD
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12900000 USD
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15500000 USD
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24000 USD
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24000 USD
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21100000 USD
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2017Q1 us-gaap Operating Income Loss
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18500000 USD
CY2017Q1 us-gaap Operating Income Loss
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18510000 USD
CY2016Q4 us-gaap Other Assets Current
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30018000 USD
CY2017Q1 us-gaap Other Assets Current
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33803000 USD
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21766000 USD
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CY2017Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
9146000 USD
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CY2017Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
8410000 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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-743000 USD
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OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-491000 USD
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OtherComprehensiveIncomeLossTax
300000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Tax
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300000 USD
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17093000 USD
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0 USD
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PaymentsForProceedsFromOtherInvestingActivities
7000 USD
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4175000 USD
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PaymentsForRepurchaseOfCommonStock
665000 USD
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4506000 USD
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4668000 USD
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4908000 USD
CY2016Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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45307000 USD
CY2017Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
43527000 USD
CY2016Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
411000 USD
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ProceedsFromIssuanceOfCommonStock
481000 USD
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31606000 USD
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ProceedsFromIssuanceOfDebt
20383000 USD
CY2016Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
185000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
34000 USD
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ProductWarrantyAccrual
8700000 USD
CY2017Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1500000 USD
CY2017Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2000000 USD
CY2016Q2 us-gaap Profit Loss
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13580000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
15934000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
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430146000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
439881000 USD
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CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
197412000 USD
CY2016Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
19089000 USD
CY2017Q1 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
15975000 USD
CY2017Q1 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
3.5
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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7652000 USD
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RedeemableNoncontrollingInterestEquityCarryingAmount
7849000 USD
CY2016Q2 us-gaap Repayments Of Debt And Capital Lease Obligations
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19817000 USD
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20843000 USD
CY2016Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
820000 USD
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RestructuringSettlementAndImpairmentProvisions
315000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
550095000 USD
CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
560346000 USD
CY2016Q2 us-gaap Sales Revenue Net
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218430000 USD
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
218400000 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
220300000 USD
CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
220252000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
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52345000 USD
CY2017Q1 us-gaap Selling General And Administrative Expense
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56991000 USD
CY2016Q2 us-gaap Share Based Compensation
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2539000 USD
CY2017Q1 us-gaap Share Based Compensation
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2941000 USD
CY2017Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
481000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2941000 USD
CY2017Q1 us-gaap Stock Repurchased And Retired During Period Value
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665000 USD
CY2016Q4 us-gaap Stockholders Equity
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613445000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
636003000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
615088000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
637808000 USD
CY2017Q1 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
148000 USD
CY2016Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
500000 USD
CY2017Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
100000 USD
CY2016Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
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7652000 USD
CY2017Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
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7849000 USD
CY2017Q1 us-gaap Temporary Equity Foreign Currency Translation Adjustments
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-7000 USD
CY2017Q1 us-gaap Temporary Equity Net Income
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56000 USD
CY2016Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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100000 USD
CY2017Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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100000 USD
CY2017Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
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CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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46400000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47000000 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46100000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46400000 shares

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