2015 Q2 Form 10-Q Financial Statement

#000117184315004444 Filed on August 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $28.80M $26.96M
YoY Change 6.83% 3.31%
Cost Of Revenue $16.21M $14.68M
YoY Change 10.39% 4.82%
Gross Profit $12.60M $12.28M
YoY Change 2.58% 1.56%
Gross Profit Margin 43.73% 45.54%
Selling, General & Admin $10.05M $8.554M
YoY Change 17.49% -2.26%
% of Gross Profit 79.79% 69.67%
Research & Development $1.714M $1.284M
YoY Change 33.49% 39.26%
% of Gross Profit 13.61% 10.46%
Depreciation & Amortization $1.090M $910.0K
YoY Change 19.78% -9.0%
% of Gross Profit 8.65% 7.41%
Operating Expenses $12.50M $10.54M
YoY Change 18.56% -7.08%
Operating Profit $99.00K $1.738M
YoY Change -94.3% 132.98%
Interest Expense $215.0K $248.0K
YoY Change -13.31% 1.22%
% of Operating Profit 217.17% 14.27%
Other Income/Expense, Net -$526.0K -$468.0K
YoY Change 12.39% 41.82%
Pretax Income -$427.0K $1.270M
YoY Change -133.62% 205.29%
Income Tax -$776.0K $248.0K
% Of Pretax Income 19.53%
Net Earnings $349.0K $1.022M
YoY Change -65.85% -649.46%
Net Earnings / Revenue 1.21% 3.79%
Basic Earnings Per Share $0.01 $0.03
Diluted Earnings Per Share $0.01 $0.03
COMMON SHARES
Basic Shares Outstanding 33.57M shares 32.05M shares
Diluted Shares Outstanding 35.03M shares 32.95M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.400M $26.40M
YoY Change -71.97% -22.58%
Cash & Equivalents $6.090M $26.43M
Short-Term Investments
Other Short-Term Assets $4.922M $1.900M
YoY Change 159.05% 26.67%
Inventory $23.07M $17.20M
Prepaid Expenses
Receivables $18.54M $14.30M
Other Receivables $5.000M $4.600M
Total Short-Term Assets $56.54M $64.40M
YoY Change -12.2% -11.54%
LONG-TERM ASSETS
Property, Plant & Equipment $5.764M $4.100M
YoY Change 40.59% -6.82%
Goodwill $41.08M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $406.0K $13.40M
YoY Change -96.97% 8.06%
Total Long-Term Assets $82.04M $73.30M
YoY Change 11.92% 0.14%
TOTAL ASSETS
Total Short-Term Assets $56.54M $64.40M
Total Long-Term Assets $82.04M $73.30M
Total Assets $138.6M $137.7M
YoY Change 0.64% -5.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.834M $5.100M
YoY Change 73.22% 4.08%
Accrued Expenses $4.438M $4.600M
YoY Change -3.52% 21.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.000M $5.000M
YoY Change 0.0% 66.67%
Total Short-Term Liabilities $21.23M $16.40M
YoY Change 29.47% 23.31%
LONG-TERM LIABILITIES
Long-Term Debt $15.65M $17.30M
YoY Change -9.54% -18.78%
Other Long-Term Liabilities $4.700M $5.700M
YoY Change -17.54% -1.72%
Total Long-Term Liabilities $15.65M $23.00M
YoY Change -31.96% -15.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.23M $16.40M
Total Long-Term Liabilities $15.65M $23.00M
Total Liabilities $43.76M $39.50M
YoY Change 10.79% -2.95%
SHAREHOLDERS EQUITY
Retained Earnings -$93.74M
YoY Change
Common Stock $210.2M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 7.746M shares
Shareholders Equity $94.81M $98.20M
YoY Change
Total Liabilities & Shareholders Equity $138.6M $137.7M
YoY Change 0.64% -5.68%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $349.0K $1.022M
YoY Change -65.85% -649.46%
Depreciation, Depletion And Amortization $1.090M $910.0K
YoY Change 19.78% -9.0%
Cash From Operating Activities -$480.0K $1.420M
YoY Change -133.8% 77.5%
INVESTING ACTIVITIES
Capital Expenditures -$600.0K -$460.0K
YoY Change 30.43% 58.62%
Acquisitions
YoY Change
Other Investing Activities $20.00K -$30.00K
YoY Change -166.67%
Cash From Investing Activities -$580.0K -$500.0K
YoY Change 16.0% 72.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 200.0K -570.0K
YoY Change -135.09% -105.88%
NET CHANGE
Cash From Operating Activities -480.0K 1.420M
Cash From Investing Activities -580.0K -500.0K
Cash From Financing Activities 200.0K -570.0K
Net Change In Cash -860.0K 350.0K
YoY Change -345.71% -96.57%
FREE CASH FLOW
Cash From Operating Activities -$480.0K $1.420M
Capital Expenditures -$600.0K -$460.0K
Free Cash Flow $120.0K $1.880M
YoY Change -93.62% 72.48%

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PropertyPlantAndEquipmentNet
5190000 USD
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
80000000 shares
CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
7745507 shares
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
33925864 shares
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
HARVARD BIOSCIENCE INC
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
dei Document Period End Date
DocumentPeriodEndDate
2015-06-30
CY2015Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5128000 USD
CY2014Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4557000 USD
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4922000 USD
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3997000 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1714000 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1284000 USD
CY2015Q2 us-gaap Restructuring Charges
RestructuringCharges
54000 USD
CY2014Q2 us-gaap Restructuring Charges
RestructuringCharges
115000 USD
CY2015Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
678000 USD
CY2015Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-134000 USD
CY2014Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-67000 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
215000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
248000 USD
CY2015Q2 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
3000 USD
CY2014Q2 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
12000 USD
CY2015Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-180000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-165000 USD
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
919000 USD
us-gaap Depreciation
Depreciation
769000 USD
us-gaap Depreciation
Depreciation
608000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-11000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
4000 USD
hbio Non Cash Restructuring Charge
NonCashRestructuringCharge
-64000 USD
hbio Non Cash Restructuring Charge
NonCashRestructuringCharge
-118000 USD
hbio Amortization Of Catalog Costs
AmortizationOfCatalogCosts
24000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
30000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
30000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-7000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-660000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
2451000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
349000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-395000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1027000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
119000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2136000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
294000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1242000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1312000 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
240000 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
864000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
51000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
216000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-36000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-396000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
89000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-981000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2486000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
-1640000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
-744000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
15000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
78000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4545000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6170000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-666000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
4050000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4850000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2500000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1864000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1001000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1032000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1499000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-613000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
342000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-6732000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
663000 USD
us-gaap Interest Paid
InterestPaid
427000 USD
us-gaap Interest Paid
InterestPaid
458000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
312000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
688000 USD
CY2015Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
10607000 USD
CY2015Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
1256000 USD
CY2015Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
11205000 USD
CY2015Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
21469000 USD
CY2015Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15705000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.531 pure
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1631000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1539000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1511000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1315000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1315000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
4502000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
11813000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2800000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2800000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2500000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2400000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
2200000 USD
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1760000 USD
CY2014Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
369000 USD
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-12000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-56000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-24000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-34000 USD
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2121000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
885000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
48186000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-25648000 USD
CY2015Q2 hbio Total Indefinite Lived Intangible Assets Including Goodwill
TotalIndefiniteLivedIntangibleAssetsIncludingGoodwill
42309000 USD
CY2015Q2 hbio Total Intangible Assets
TotalIntangibleAssets
90495000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2061000 USD
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-802000 USD
CY2015Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
600000 USD
us-gaap Defined Benefit Plans Estimated Future Employer Contributions In Current Fiscal Year
DefinedBenefitPlansEstimatedFutureEmployerContributionsInCurrentFiscalYear
400000 USD
CY2015Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
4600000 USD
CY2014Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
252000 USD
CY2014Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
4400000 USD
CY2015Q2 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
200000 USD
CY2015Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
0 USD
CY2014Q2 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
-8000 USD
CY2015Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
190000 USD
CY2014Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
227000 USD
CY2015Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
179000 USD
CY2014Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
167000 USD
CY2015Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-81000 USD
CY2014Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-46000 USD
CY2015Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
CY2014Q2 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
CY2015Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
92000 USD
CY2014Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
98000 USD
CY2014 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
-102000 USD
CY2014 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
49000 USD
CY2015Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
157000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
-25000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
-73000 USD
CY2014 hbio Warranty Other
WarrantyOther
0 USD
hbio Warranty Other
WarrantyOther
3000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25771000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26434000 USD
dei Entity Central Index Key
EntityCentralIndexKey
0001123494
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-2808000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-50000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2758000 USD
CY2015Q2 us-gaap Secured Debt
SecuredDebt
20650000 USD
CY2014Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.195 pure
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20200000 USD
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15010000 USD
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
10138000 USD
CY2014Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
946000 USD
CY2014Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
9447000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
10327000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
8989000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9753000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8248000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3462000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2257000 USD
us-gaap Restructuring Charges
RestructuringCharges
111000 USD
us-gaap Restructuring Charges
RestructuringCharges
252000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1471000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1221000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
89000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-148000 USD
us-gaap Interest Expense
InterestExpense
437000 USD
us-gaap Interest Expense
InterestExpense
513000 USD
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
4000 USD
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
26000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-796000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-148000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
400000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2737000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
584000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-71000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-80000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-50000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-69000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3810000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1830000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2015Q2 hbio Business Acquisition Direct Acquisition Costs In Income Statement
BusinessAcquisitionDirectAcquisitionCostsInIncomeStatement
200000 USD
CY2014Q2 hbio Business Acquisition Direct Acquisition Costs In Income Statement
BusinessAcquisitionDirectAcquisitionCostsInIncomeStatement
200000 USD
hbio Business Acquisition Direct Acquisition Costs In Income Statement
BusinessAcquisitionDirectAcquisitionCostsInIncomeStatement
800000 USD
hbio Business Acquisition Direct Acquisition Costs In Income Statement
BusinessAcquisitionDirectAcquisitionCostsInIncomeStatement
200000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
45638000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-24485000 USD
CY2014Q4 hbio Total Indefinite Lived Intangible Assets Including Goodwill
TotalIndefiniteLivedIntangibleAssetsIncludingGoodwill
41074000 USD
CY2014Q4 hbio Total Intangible Assets
TotalIntangibleAssets
86712000 USD
us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
86000 USD
us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
81000 USD
hbio Distribution Revenues From Spinnee
DistributionRevenuesFromSpinnee
149000 USD
hbio Distribution Revenues From Spinnee
DistributionRevenuesFromSpinnee
109000 USD
CY2013Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
305000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
0 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
0 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
367000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
448000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
345000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
330000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-156000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-91000 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
0 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
178000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
209000 USD
CY2014Q2 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
200000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
400000 USD
CY2014Q2 hbio Fair Value Impairment Of Pension Assets
FairValueImpairmentOfPensionAssets
600000 USD
CY2014Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
400000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
800000 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1200000 USD
hbio Estimated Rental Expenses Current Year
EstimatedRentalExpensesCurrentYear
2200000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
484000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
484000 USD
hbio Transition Services Charged To Spinnee
TransitionServicesChargedToSpinnee
101000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
254685 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3935 pure
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5716 pure
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.017 pure
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.018 pure
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y3M10D
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M14D
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
692000 USD
CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
472000 USD
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33569180 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32045314 shares
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1456470 shares
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
900618 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35025650 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32945932 shares
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.239 pure
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div><p style='text-align:left;margin-top:9pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:0pt;' >2</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' >.</font><font style='font-family:Times New Roman;font-size:10pt;font-weight:bold;' > Recently Issued Accounting Pronouncements</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;margin-left:0pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:24.5pt;' >In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >&#8220;Revenue from Contracts with Customers,&#8221;</font><font style='font-family:Times New Roman;font-size:10pt;' > a new accounting standard that provides for a comprehensive model to use in the accounting for revenue arising from contracts with customers that will replace most existing revenue recognition guidance in U.S. GAAP. Under this standard, revenue will be re</font><font style='font-family:Times New Roman;font-size:10pt;' >cognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. At its July 2015 meeting, the FASB agreed to defer </font><font style='font-family:Times New Roman;font-size:10pt;' >the mandatory effective date of ASU 2014-09 one year. Under the one year deferral, the standard will take effect in 2018 for calendar year-end public entities. The Company is assessing the new standard and has not yet determined the impact to the consolida</font><font style='font-family:Times New Roman;font-size:10pt;' >ted financial statements. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:24.5pt;' >In April 2015, the FASB issued&#160;ASU&#160;2015-03,&#160;</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs</font><font style='font-family:Times New Roman;font-size:10pt;' >.&#160;The update requires debt issuance costs related to a recognized debt liabili</font><font style='font-family:Times New Roman;font-size:10pt;' >ty to be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability, instead of being presented as an asset. Debt disclosures will include the face amount of the debt liability and the effective interest rat</font><font style='font-family:Times New Roman;font-size:10pt;' >e. The update requires retrospective application and represents a change in accounting principle. The update is effective for fiscal years beginning after December 15, 2015.&#160;&#160;Early adoption is permitted for financial statements that have not been previousl</font><font style='font-family:Times New Roman;font-size:10pt;' >y issued. The Company is evaluating the impact of ASU&#160;2015-03&#160;on its consolidated financial statements and the possibility of early adoption by the Company.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:24.5pt;' >In July 2015, the FASB issued&#160;ASU&#160;2015-11,&#160;</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >Simplifying Measurement of Inventory</font><font style='font-family:Times New Roman;font-size:10pt;' >.&#160;The update requir</font><font style='font-family:Times New Roman;font-size:10pt;' >es measurement of most inventory &#8220;at the lower of cost and net realizable value&#8221;, and applies to all entities that recognize inventory within the scope of ASC 330, except for inventory measured under the last-in, first-out (LIFO) method or the retail inven</font><font style='font-family:Times New Roman;font-size:10pt;' >tory method (RIM). ASU 2015-11 requires prospective application and represents a change in accounting principle. The update is effective for fiscal years beginning after December 15, 2016.&#160;&#160;Early adoption is permitted for financial statements that have not</font><font style='font-family:Times New Roman;font-size:10pt;' > been previously issued. The Company is evaluating the impact of ASU&#160;2015-11&#160;on its consolidated financial statements and the possibility of early adoption by the Company.</font></p></div>
CY2015Q2 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
26181 shares
CY2014Q2 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
31116 shares
CY2015Q2 hbio Weighted Average Estimated Black Scholes Value Of Option Grants
WeightedAverageEstimatedBlackScholesValueOfOptionGrants
2.08
CY2014Q2 hbio Weighted Average Estimated Black Scholes Value Of Option Grants
WeightedAverageEstimatedBlackScholesValueOfOptionGrants
2.2
hbio Weighted Average Estimated Black Scholes Value Of Option Grants
WeightedAverageEstimatedBlackScholesValueOfOptionGrants
2.21
hbio Weighted Average Estimated Black Scholes Value Of Option Grants
WeightedAverageEstimatedBlackScholesValueOfOptionGrants
2.19
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5169376 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2578743 shares
CY2015Q2 hbio Increase In Number Of Shares Authorized For Issuance Under Stock Option And Incentive Plan
IncreaseInNumberOfSharesAuthorizedForIssuanceUnderStockOptionAndIncentivePlan
2500000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
17508929 shares
CY2015Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
80000 USD
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
100000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
32000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD

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