2022 Q4 Form 10-Q Financial Statement

#000027750922000045 Filed on November 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $391.5M $346.4M
YoY Change 29.89% 16.12%
Cost Of Revenue $294.9M $263.6M
YoY Change 26.03% 15.92%
Gross Profit $96.60M $82.80M
YoY Change 43.32% 16.78%
Gross Profit Margin 24.67% 23.9%
Selling, General & Admin $46.20M $39.80M
YoY Change 22.87% 9.94%
% of Gross Profit 47.83% 48.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.00M $13.60M
YoY Change 8.53% 7.09%
% of Gross Profit 14.49% 16.43%
Operating Expenses $49.50M $39.80M
YoY Change 22.83% 9.94%
Operating Profit $47.10M $39.50M
YoY Change 73.8% 15.16%
Interest Expense -$4.400M $2.700M
YoY Change 266.67% 145.45%
% of Operating Profit -9.34% 6.84%
Other Income/Expense, Net -$100.0K -$100.0K
YoY Change -116.67% -133.33%
Pretax Income $42.00M $36.70M
YoY Change 118.75% 9.55%
Income Tax $7.400M $4.900M
% Of Pretax Income 17.62% 13.35%
Net Earnings $34.60M $31.80M
YoY Change 77.44% 8.9%
Net Earnings / Revenue 8.84% 9.18%
Basic Earnings Per Share $0.53
Diluted Earnings Per Share $0.56 $0.52
COMMON SHARES
Basic Shares Outstanding 60.64M shares 60.40M shares
Diluted Shares Outstanding 61.00M shares

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.50M $35.50M
YoY Change 17.28% -59.66%
Cash & Equivalents $47.50M $35.50M
Short-Term Investments
Other Short-Term Assets $17.40M $17.80M
YoY Change -31.5% -2.2%
Inventory $292.7M $287.5M
Prepaid Expenses $17.40M $17.80M
Receivables $173.8M $170.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $531.4M $510.8M
YoY Change 23.29% 10.09%
LONG-TERM ASSETS
Property, Plant & Equipment $179.3M $170.8M
YoY Change 26.36% 53.6%
Goodwill $453.4M $430.8M
YoY Change 4.91% 5.87%
Intangibles $208.2M $197.6M
YoY Change 1.22% 14.22%
Long-Term Investments
YoY Change
Other Assets $18.20M $21.30M
YoY Change 6.43% 58.96%
Total Long-Term Assets $992.9M $954.3M
YoY Change 6.18% 12.3%
TOTAL ASSETS
Total Short-Term Assets $531.4M $510.8M
Total Long-Term Assets $992.9M $954.3M
Total Assets $1.524B $1.465B
YoY Change 11.58% 11.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.40M $80.90M
YoY Change 11.73% 23.32%
Accrued Expenses $81.20M $76.70M
YoY Change -2.29% -2.29%
Deferred Revenue $25.40M $23.10M
YoY Change 15.98% 81.89%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $800.0K $700.0K
YoY Change 33.33% 16.67%
Total Short-Term Liabilities $180.5M $181.4M
YoY Change 5.93% 15.17%
LONG-TERM LIABILITIES
Long-Term Debt $361.5M $330.8M
YoY Change 28.1% 31.37%
Other Long-Term Liabilities $13.00M $13.60M
YoY Change -5.8% -30.61%
Total Long-Term Liabilities $13.00M $13.60M
YoY Change -5.8% -30.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $180.5M $181.4M
Total Long-Term Liabilities $13.00M $13.60M
Total Liabilities $663.4M $637.1M
YoY Change 13.97% 16.24%
SHAREHOLDERS EQUITY
Retained Earnings $782.2M $753.0M
YoY Change 14.42% 12.46%
Common Stock $341.3M $334.3M
YoY Change 4.82% 4.27%
Preferred Stock
YoY Change
Treasury Stock (at cost) $178.6M $171.3M
YoY Change 18.28% 28.41%
Treasury Stock Shares 8.800M shares 8.600M shares
Shareholders Equity $860.9M $828.0M
YoY Change
Total Liabilities & Shareholders Equity $1.524B $1.465B
YoY Change 11.58% 11.52%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $34.60M $31.80M
YoY Change 77.44% 8.9%
Depreciation, Depletion And Amortization $14.00M $13.60M
YoY Change 8.53% 7.09%
Cash From Operating Activities $39.40M $10.00M
YoY Change -15.63% -36.71%
INVESTING ACTIVITIES
Capital Expenditures $7.400M -$4.100M
YoY Change -129.72% 28.13%
Acquisitions
YoY Change
Other Investing Activities -$42.20M $0.00
YoY Change -46.78%
Cash From Investing Activities -$49.60M -$4.100M
YoY Change -52.4% 28.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 21.10M -500.0K
YoY Change 111.0% -102.34%
NET CHANGE
Cash From Operating Activities 39.40M 10.00M
Cash From Investing Activities -49.60M -4.100M
Cash From Financing Activities 21.10M -500.0K
Net Change In Cash 10.90M 5.400M
YoY Change -122.95% -84.12%
FREE CASH FLOW
Cash From Operating Activities $39.40M $10.00M
Capital Expenditures $7.400M -$4.100M
Free Cash Flow $32.00M $14.10M
YoY Change -55.31% -25.79%

Facts In Submission

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dei Entity Registrant Name
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dei Entity Central Index Key
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dei Current Fiscal Year End Date
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1415 West 22nd Street
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CY2022Q3 us-gaap Liabilities
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CY2021Q4 us-gaap Liabilities
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CY2021Q4 us-gaap Common Stock Shares Issued
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CY2022Q3 us-gaap Common Stock Value
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CY2021Q4 us-gaap Common Stock Value
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CY2021Q4 us-gaap Additional Paid In Capital Common Stock
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CY2021Q4 us-gaap Treasury Stock Shares
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us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Share Based Compensation
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Proceeds From Stock Options Exercised
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q3 us-gaap Stockholders Equity
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CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q3 us-gaap Dividends Common Stock Cash
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3200000 usd
CY2021Q3 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue Performance Obligation Description Of Timing
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CY2022Q3 us-gaap Contract With Customer Liability
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q3 us-gaap Letters Of Credit Outstanding Amount
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us-gaap Product Warranty Accrual Payments
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CY2012Q4 fss Loss Contingency Number Of Plaintiffs Dismissed
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CY2018Q1 fss Settlement Offer Per Eligible Plaintiff Who Has Already Filed A Lawsuit
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CY2018Q1 fss Settlement Offer Per Eligible Plaintiff Who Has Not Already Filed A Lawsuit
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2022Q1 us-gaap Payments Of Dividends Common Stock
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CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q2 us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Common Stock
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CY2022Q3 us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Shares Acquired
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CY2021Q3 us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Number Of Reportable Segments
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CY2022Q3 us-gaap Revenues
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CY2021Q3 us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
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CY2022Q3 us-gaap Operating Income Loss
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CY2021Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2022Q3 us-gaap Interest Expense
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CY2021Q3 us-gaap Interest Expense
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1100000 usd
us-gaap Interest Expense
InterestExpense
5900000 usd
us-gaap Interest Expense
InterestExpense
3300000 usd
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-100000 usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
300000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
600000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1100000 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
36700000 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
33500000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
108900000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
98400000 usd
CY2022Q3 us-gaap Assets
Assets
1465100000 usd
CY2021Q4 us-gaap Assets
Assets
1366100000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
2700000 usd
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4200000 usd
CY2022Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
2700000 usd
CY2021Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4200000 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 usd
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
2700000 usd
CY2021Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4200000 usd
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
2700000 usd
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4200000 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 usd

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