2019 Q1 Form 10-Q Financial Statement

#000031314319000007 Filed on February 05, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q4 2017 Q4
Revenue $249.3M $247.4M $234.0M
YoY Change 6.74% 5.69% 2.72%
Cost Of Revenue $138.1M $136.2M $122.7M
YoY Change 6.89% 10.94% -3.17%
Gross Profit $111.2M $111.2M $111.3M
YoY Change 6.54% -0.11% 10.11%
Gross Profit Margin 44.61% 44.95% 47.55%
Selling, General & Admin $72.20M $73.88M $97.86M
YoY Change -3.22% -24.5% 37.04%
% of Gross Profit 64.92% 66.45% 87.92%
Research & Development $8.700M $8.978M $12.43M
YoY Change -21.62% -27.75% 46.86%
% of Gross Profit 7.82% 8.08% 11.17%
Depreciation & Amortization $29.80M $27.90M $22.30M
YoY Change 30.13% 25.11% -2.19%
% of Gross Profit 26.8% 25.1% 20.04%
Operating Expenses $80.90M $82.86M $110.3M
YoY Change -5.6% -24.87% 38.08%
Operating Profit $23.86M $28.32M $1.013M
YoY Change 67.12% 2695.66% -95.22%
Interest Expense -$2.000M -$2.900M -$800.0K
YoY Change 100.0% 262.5% -60.0%
% of Operating Profit -8.38% -10.24% -78.97%
Other Income/Expense, Net -$2.858M -$806.0K
YoY Change 254.59% -64.57%
Pretax Income $21.80M $25.46M $207.0K
YoY Change 63.91% 12200.48% -98.91%
Income Tax $1.000M $7.200M $6.754M
% Of Pretax Income 4.59% 28.28% 3262.8%
Net Earnings $20.84M -$8.479M -$6.547M
YoY Change 75.38% 29.51% -142.53%
Net Earnings / Revenue 8.36% -3.43% -2.8%
Basic Earnings Per Share $0.41 $0.36 -$0.12
Diluted Earnings Per Share $0.40 $0.35 -$0.12
COMMON SHARES
Basic Shares Outstanding 51.01M shares 51.40M shares 53.09M shares
Diluted Shares Outstanding 52.82M shares 53.09M shares

Balance Sheet

Concept 2019 Q1 2018 Q4 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $169.4M $154.9M $251.6M
YoY Change -5.99% -38.43% 81.14%
Cash & Equivalents $169.4M $154.9M $251.6M
Short-Term Investments
Other Short-Term Assets $27.40M $24.50M $32.50M
YoY Change -5.52% -24.62% 18.61%
Inventory $194.3M $168.9M $158.8M
Prepaid Expenses
Receivables $185.0M $167.6M $146.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $576.1M $515.9M $589.7M
YoY Change 10.54% -12.52% 18.76%
LONG-TERM ASSETS
Property, Plant & Equipment $344.0M $351.1M $330.0M
YoY Change 3.56% 6.39% -1.77%
Goodwill $210.8M $210.7M $211.1M
YoY Change -0.27% -0.17% -21.03%
Intangibles $127.7M
YoY Change -18.45%
Long-Term Investments
YoY Change
Other Assets $11.80M $11.48M $12.43M
YoY Change -2.2% -7.64% -8.49%
Total Long-Term Assets $698.6M $711.7M $722.0M
YoY Change -2.45% -1.42% -10.85%
TOTAL ASSETS
Total Short-Term Assets $576.1M $515.9M $589.7M
Total Long-Term Assets $698.6M $711.7M $722.0M
Total Assets $1.275B $1.228B $1.312B
YoY Change 3.02% -6.41% 0.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $63.36M $62.58M $41.50M
YoY Change 14.65% 50.81% -15.05%
Accrued Expenses $53.20M $51.80M $63.10M
YoY Change -23.45% -17.91% 54.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $27.67M $17.20M $151.5M
YoY Change -85.76% -88.64% 128.55%
Total Short-Term Liabilities $235.8M $211.3M $324.2M
YoY Change -38.72% -34.83% 49.93%
LONG-TERM LIABILITIES
Long-Term Debt $322.5M $326.6M $118.7M
YoY Change 442.64% 175.16% -56.04%
Other Long-Term Liabilities $28.78M $28.17M $39.60M
YoY Change -15.99% -28.87% 59.4%
Total Long-Term Liabilities $351.2M $354.8M $158.3M
YoY Change 274.93% 124.12% -46.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $235.8M $211.3M $324.2M
Total Long-Term Liabilities $351.2M $354.8M $158.3M
Total Liabilities $587.0M $566.1M $482.5M
YoY Change 22.7% 17.32% -5.59%
SHAREHOLDERS EQUITY
Retained Earnings $161.4M $140.6M $323.6M
YoY Change -39.53% -56.56% -5.12%
Common Stock $536.8M $531.6M $526.4M
YoY Change 6.41% 0.99% 12.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $667.9M $591.0M $822.8M
YoY Change
Total Liabilities & Shareholders Equity $1.275B $1.228B $1.312B
YoY Change 3.02% -6.41% 0.41%

Cashflow Statement

Concept 2019 Q1 2018 Q4 2017 Q4
OPERATING ACTIVITIES
Net Income $20.84M -$8.479M -$6.547M
YoY Change 75.38% 29.51% -142.53%
Depreciation, Depletion And Amortization $29.80M $27.90M $22.30M
YoY Change 30.13% 25.11% -2.19%
Cash From Operating Activities $20.70M $58.10M $65.40M
YoY Change -64.12% -11.16% 66.41%
INVESTING ACTIVITIES
Capital Expenditures -$13.80M -$29.20M -$26.60M
YoY Change -27.75% 9.77% 39.27%
Acquisitions
YoY Change
Other Investing Activities $500.0K $1.600M $300.0K
YoY Change -58.33% 433.33% 200.0%
Cash From Investing Activities -$13.20M -$27.60M -$26.30M
YoY Change -26.26% 4.94% 38.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.000M -76.20M 8.300M
YoY Change -106.22% -1018.07% 1975.0%
NET CHANGE
Cash From Operating Activities 20.70M 58.10M 65.40M
Cash From Investing Activities -13.20M -27.60M -26.30M
Cash From Financing Activities 7.000M -76.20M 8.300M
Net Change In Cash 14.50M -45.70M 47.40M
YoY Change -119.92% -196.41% 128.99%
FREE CASH FLOW
Cash From Operating Activities $20.70M $58.10M $65.40M
Capital Expenditures -$13.80M -$29.20M -$26.60M
Free Cash Flow $34.50M $87.30M $92.00M
YoY Change -55.08% -5.11% 57.53%

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10774000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
11361000 USD
CY2017Q4 us-gaap Legal Fees
LegalFees
3011000 USD
CY2018Q4 us-gaap Legal Fees
LegalFees
4822000 USD
us-gaap Legal Fees
LegalFees
2289000 USD
CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1237339000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1227637000 USD
CY2018Q1 us-gaap Liabilities Current
LiabilitiesCurrent
384703000 USD
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
211282000 USD
CY2018Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
194259000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
17199000 USD
CY2018Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
59423000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
326618000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-7990000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-57623000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-45069000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-102931000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
162723000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
138643000 USD
CY2017Q4 us-gaap Net Income Loss
NetIncomeLoss
-6547000 USD
us-gaap Net Income Loss
NetIncomeLoss
33692000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
-2819000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
18726000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
18277000 USD
us-gaap Net Income Loss
NetIncomeLoss
34184000 USD
CY2018Q2 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
1177000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 unit
CY2017Q4 us-gaap Operating Expenses
OperatingExpenses
110282000 USD
us-gaap Operating Expenses
OperatingExpenses
265640000 USD
CY2018Q4 us-gaap Operating Expenses
OperatingExpenses
82855000 USD
us-gaap Operating Expenses
OperatingExpenses
246637000 USD
CY2017Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
1013000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
41882000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
28320000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
59689000 USD
CY2017Q4 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
CY2018Q4 us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
0 USD
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
21170000 USD
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12061000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
11483000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-10314000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4719000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-323000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5063000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10105000 USD
CY2018Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
65660000 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
79693000 USD
CY2018Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
34258000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
28167000 USD
CY2017Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-806000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3562000 USD
CY2018Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2858000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-7875000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
398000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1038000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
160000000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
18317000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
55696000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
105245000 USD
CY2018Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
28983000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
24449000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
9000000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
0 USD
us-gaap Proceeds From Issuance Of Medium Term Notes
ProceedsFromIssuanceOfMediumTermNotes
347780000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
33239000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9446000 USD
CY2017Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
176000 USD
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
364000 USD
CY2018Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
316000 USD
CY2018Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
253000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
723000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
577000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
911000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
514000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
332156000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
351108000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
514000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
3220000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
45054000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
258103000 USD
CY2017Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
12427000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
28141000 USD
CY2018Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8978000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
26967000 USD
us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
8700000 USD
us-gaap Research And Development Expense Software Excluding Acquired In Process Cost
ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
2700000 USD
CY2017Q4 us-gaap Restructuring Charges
RestructuringCharges
28455000 USD
us-gaap Restructuring Charges
RestructuringCharges
29662000 USD
CY2018Q4 us-gaap Restructuring Charges
RestructuringCharges
-694000 USD
us-gaap Restructuring Charges
RestructuringCharges
-1019000 USD
CY2018Q1 us-gaap Restructuring Reserve
RestructuringReserve
28535000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
9140000 USD
CY2017Q4 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
0 USD
CY2018Q4 us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
1614000 USD
us-gaap Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
13203000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-59000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
266942000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
140584000 USD
CY2017Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
234043000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
670371000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
247356000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
718284000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
25000000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2018Q4 us-gaap Revenue Remaining Performance Obligation Optional Exemption Remaining Duration
RevenueRemainingPerformanceObligationOptionalExemptionRemainingDuration
P1Y
CY2018Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.56
CY2017Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
97855000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
237499000 USD
CY2018Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
73877000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
219670000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
7360000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12743000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1780000 USD
CY2018Q4 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1474000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2018Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1000 USD
CY2018Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-1000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2831000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4295000 USD
CY2018Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2321000 USD
CY2018Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
80000000 USD
CY2018Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 USD
CY2018Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
80000000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
752429000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
674058000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
701339000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
643129000 USD
CY2018Q4 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-1800000 USD
us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
-5800000 USD
CY2017Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
568000 shares
CY2018Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1421000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1476000 shares
CY2017Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53090000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53285000 shares
CY2018Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52822000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53184000 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53090000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52717000 shares
CY2018Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51401000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51708000 shares

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