2017 Q1 Form 10-Q Financial Statement

#000031314317000009 Filed on February 06, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4 2015 Q4
Revenue $227.8M $233.4M
YoY Change -2.38% 0.67%
Cost Of Revenue $126.8M $124.5M
YoY Change 1.79% 3.63%
Gross Profit $101.1M $108.9M
YoY Change -7.14% -2.51%
Gross Profit Margin 44.36% 46.64%
Selling, General & Admin $71.41M $78.94M
YoY Change -9.55% -4.33%
% of Gross Profit 70.64% 72.52%
Research & Development $8.462M $10.94M
YoY Change -22.66% 2.81%
% of Gross Profit 8.37% 10.05%
Depreciation & Amortization $22.80M $22.70M
YoY Change 0.44% 1.79%
% of Gross Profit 22.56% 20.85%
Operating Expenses $79.87M $170.0M
YoY Change -53.03% 82.05%
Operating Profit $21.21M -$61.18M
YoY Change -134.67% -435.03%
Interest Expense -$2.000M -$2.100M
YoY Change -4.76% -8.7%
% of Operating Profit -9.43%
Other Income/Expense, Net -$2.275M -$2.141M
YoY Change 6.26% -7.24%
Pretax Income $18.94M -$63.32M
YoY Change -129.91% -496.93%
Income Tax $3.500M -$3.878M
% Of Pretax Income 18.48%
Net Earnings $15.39M -$59.44M
YoY Change -125.9% -471.78%
Net Earnings / Revenue 6.76% -25.47%
Basic Earnings Per Share $0.30 -$1.17
Diluted Earnings Per Share $0.30 -$1.17
COMMON SHARES
Basic Shares Outstanding 52.00M shares 51.71M shares 50.74M shares
Diluted Shares Outstanding 52.10M shares 50.74M shares

Balance Sheet

Concept 2017 Q1 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $138.9M $105.2M
YoY Change 32.03% -15.97%
Cash & Equivalents $129.6M $105.2M
Short-Term Investments
Other Short-Term Assets $27.40M $43.60M
YoY Change -37.16% -36.35%
Inventory $188.5M $203.9M
Prepaid Expenses
Receivables $150.6M $148.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $496.6M $501.4M
YoY Change -0.96% -8.82%
LONG-TERM ASSETS
Property, Plant & Equipment $336.0M $332.8M
YoY Change 0.96% 2.87%
Goodwill $267.3M $266.9M
YoY Change 0.14% -20.31%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.59M $15.24M
YoY Change -10.87% 12.24%
Total Long-Term Assets $809.9M $835.1M
YoY Change -3.02% -9.66%
TOTAL ASSETS
Total Short-Term Assets $496.6M $501.4M
Total Long-Term Assets $809.9M $835.1M
Total Assets $1.306B $1.336B
YoY Change -2.24% -9.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $48.85M $39.64M
YoY Change 23.24% -15.36%
Accrued Expenses $40.80M $38.20M
YoY Change 6.81% -20.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $66.27M $46.29M
YoY Change 43.16% 497.48%
Total Short-Term Liabilities $216.2M $175.3M
YoY Change 23.32% 6.69%
LONG-TERM LIABILITIES
Long-Term Debt $270.0M $380.8M
YoY Change -29.1% -9.55%
Other Long-Term Liabilities $24.84M $27.21M
YoY Change -8.71% -6.23%
Total Long-Term Liabilities $294.8M $408.0M
YoY Change -27.74% -9.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $216.2M $175.3M
Total Long-Term Liabilities $294.8M $408.0M
Total Liabilities $511.1M $583.4M
YoY Change -12.39% -5.05%
SHAREHOLDERS EQUITY
Retained Earnings $341.1M $324.9M
YoY Change 4.97% -23.29%
Common Stock $468.9M $436.0M
YoY Change 7.54% 4.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $770.9M $719.6M
YoY Change
Total Liabilities & Shareholders Equity $1.306B $1.336B
YoY Change -2.24% -9.34%

Cashflow Statement

Concept 2017 Q1 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income $15.39M -$59.44M
YoY Change -125.9% -471.78%
Depreciation, Depletion And Amortization $22.80M $22.70M
YoY Change 0.44% 1.79%
Cash From Operating Activities $39.30M $31.80M
YoY Change 23.58% 18.22%
INVESTING ACTIVITIES
Capital Expenditures -$19.10M -$23.80M
YoY Change -19.75% -19.59%
Acquisitions
YoY Change
Other Investing Activities $100.0K $100.0K
YoY Change 0.0%
Cash From Investing Activities -$19.00M -$23.70M
YoY Change -19.83% -19.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 400.0K -3.000M
YoY Change -113.33% 1400.0%
NET CHANGE
Cash From Operating Activities 39.30M 31.80M
Cash From Investing Activities -19.00M -23.70M
Cash From Financing Activities 400.0K -3.000M
Net Change In Cash 20.70M 5.100M
YoY Change 305.88% -275.86%
FREE CASH FLOW
Cash From Operating Activities $39.30M $31.80M
Capital Expenditures -$19.10M -$23.80M
Free Cash Flow $58.40M $55.60M
YoY Change 5.04% -1.59%

Facts In Submission

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1319128000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1306421000 USD
CY2016Q2 us-gaap Liabilities Current
LiabilitiesCurrent
185551000 USD
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
216221000 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
337200000 USD
CY2016Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
43471000 USD
CY2016Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
66271000 USD
CY2016Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
364529000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
269997000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-46971000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-49964000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76474000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-58744000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
68612000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
125161000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
-59440000 USD
us-gaap Net Income Loss
NetIncomeLoss
-46844000 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
15393000 USD
us-gaap Net Income Loss
NetIncomeLoss
24872000 USD
CY2016 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2015Q4 us-gaap Operating Expenses
OperatingExpenses
170032000 USD
us-gaap Operating Expenses
OperatingExpenses
355083000 USD
CY2016Q4 us-gaap Operating Expenses
OperatingExpenses
79867000 USD
us-gaap Operating Expenses
OperatingExpenses
258258000 USD
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-61177000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-38392000 USD
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
21212000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
38125000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
85048000 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
3413000 USD
CY2016Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
14055000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13586000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-8663000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3985000 USD
CY2016Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
66608000 USD
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
59546000 USD
CY2016Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
26106000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
24843000 USD
CY2015Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2141000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-6756000 USD
CY2016Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2275000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-6414000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
862000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
885000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
60984000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
16764000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
73871000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
60517000 USD
CY2016Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
28842000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
27877000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
7143000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-40975000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
397000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1773000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10489000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
18278000 USD
CY2015Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
531000 USD
CY2015Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
362000 USD
CY2016Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
420000 USD
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
203000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
701000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
1077000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
532000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
860000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
337634000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
335957000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
4055000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
11398000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-4678000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7114000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
30827000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
845000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 USD
CY2015Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10942000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
33816000 USD
CY2016Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8462000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
28235000 USD
us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
12900000 USD
us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
8300000 USD
CY2016Q4 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
26000000 USD
CY2015Q4 us-gaap Restructuring Charges
RestructuringCharges
3866000 USD
us-gaap Restructuring Charges
RestructuringCharges
18249000 USD
CY2016Q4 us-gaap Restructuring Charges
RestructuringCharges
2032000 USD
us-gaap Restructuring Charges
RestructuringCharges
18064000 USD
CY2016Q2 us-gaap Restructuring Reserve
RestructuringReserve
8752000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
9453000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
599000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
316184000 USD
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
341056000 USD
CY2015Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
233384000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
666490000 USD
CY2016Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
227841000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
658050000 USD
CY2015Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
78940000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
240946000 USD
CY2016Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
70956000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
228639000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6199000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6608000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
721565000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
770897000 USD
us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
1000000 USD
us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
1400000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2867000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-331000 USD
CY2015Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7070000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
2523000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3380000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
4158000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
400000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
400000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
340000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1260000 USD
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
729000 USD
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
403000 USD
CY2016Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
600000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1500000 USD
CY2015Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2016Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
395000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
302000 shares
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50741000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50927000 shares
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52103000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51671000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50741000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50927000 shares
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51708000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51369000 shares

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