2018 Q4 Form 10-K Financial Statement

#000114420419014301 Filed on March 15, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $25.72M $40.55M $57.83M
YoY Change 4.5% 64.11% 10.72%
Cost Of Revenue $22.64M $32.82M $83.91M
YoY Change 4.86% 67.11% 141.04%
Gross Profit $3.083M $7.729M -$26.08M
YoY Change 1.85% 52.45% -249.72%
Gross Profit Margin 11.99% 19.06% -45.1%
Selling, General & Admin $6.230M $7.356M $10.61M
YoY Change -47.73% 111.81% 212.0%
% of Gross Profit 202.08% 95.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.780M $1.790M $1.810M
YoY Change 5.33% 272.92% 201.67%
% of Gross Profit 57.74% 23.16%
Operating Expenses $6.980M $8.098M $11.35M
YoY Change -44.88% 125.32% 222.33%
Operating Profit -$3.897M -$369.0K -$37.43M
YoY Change -59.56% -125.0% -369.27%
Interest Expense -$4.140M $4.064M $3.346M
YoY Change 38.46% 16833.33% 5385.25%
% of Operating Profit
Other Income/Expense, Net -$4.139M -$4.064M -$3.346M
YoY Change 39.93% 16833.33% 5385.25%
Pretax Income -$8.036M -$4.433M -$40.77M
YoY Change -36.2% -405.3% -394.63%
Income Tax $71.00K $9.447M -$10.16M
% Of Pretax Income
Net Earnings -$8.107M -$13.88M -$30.62M
YoY Change 55.72% -759.7% -459.13%
Net Earnings / Revenue -31.52% -34.23% -52.94%
Basic Earnings Per Share -$0.19 -$0.33 -$0.72
Diluted Earnings Per Share -$0.19 -$0.33 -$0.72
COMMON SHARES
Basic Shares Outstanding 42.60M 42.53M 42.40M
Diluted Shares Outstanding 42.60M 42.53M 42.40M

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.300M $1.400M $2.300M
YoY Change -54.0% -96.82% -93.18%
Cash & Equivalents $2.272M $1.378M $2.334M
Short-Term Investments
Other Short-Term Assets $5.300M $3.600M $3.100M
YoY Change -23.19% -45.45% -50.79%
Inventory $102.0M $106.5M $116.4M
Prepaid Expenses
Receivables $14.07M $23.17M $37.94M
Other Receivables $0.00 $0.00 $3.900M
Total Short-Term Assets $123.6M $134.6M $163.7M
YoY Change -40.84% 4.92% 26.78%
LONG-TERM ASSETS
Property, Plant & Equipment $27.40M $28.33M $29.16M
YoY Change -10.07% 299.01% 305.04%
Goodwill $47.80M $47.80M $47.80M
YoY Change -3.36%
Intangibles $29.45M $30.19M $30.94M
YoY Change -9.16%
Long-Term Investments
YoY Change
Other Assets $106.0K $72.00K $176.0K
YoY Change -42.39% -96.4% -91.62%
Total Long-Term Assets $104.8M $106.4M $117.3M
YoY Change -6.91% 731.24% 782.2%
TOTAL ASSETS
Total Short-Term Assets $123.6M $134.6M $163.7M
Total Long-Term Assets $104.8M $106.4M $117.3M
Total Assets $228.3M $241.0M $281.0M
YoY Change -28.96% 70.81% 97.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.700M $10.80M $10.80M
YoY Change -20.18% 27.06% 11.34%
Accrued Expenses $20.10M $23.50M $23.30M
YoY Change 9.84% 591.18% 547.22%
Deferred Revenue
YoY Change
Short-Term Debt $29.00M $29.07M $55.08M
YoY Change -55.49%
Long-Term Debt Due $2.672M $1.050M $1.050M
YoY Change 154.48% 950.0% 950.0%
Total Short-Term Liabilities $60.41M $64.41M $90.16M
YoY Change -36.65% 387.97% 477.94%
LONG-TERM LIABILITIES
Long-Term Debt $98.27M $99.68M $100.8M
YoY Change -2.85% 99575.0% 100742.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $98.27M $99.68M $100.8M
YoY Change -2.85% 99575.0% 100742.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $60.41M $64.41M $90.16M
Total Long-Term Liabilities $98.27M $99.68M $100.8M
Total Liabilities $159.1M $164.5M $191.0M
YoY Change -19.63% 1145.9% 1116.56%
SHAREHOLDERS EQUITY
Retained Earnings -$46.93M -$38.83M -$24.95M
YoY Change -637.78%
Common Stock $426.0K $426.0K $424.0K
YoY Change 0.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $69.21M $76.55M $90.01M
YoY Change
Total Liabilities & Shareholders Equity $228.3M $241.0M $281.0M
YoY Change -28.96% 70.81% 97.34%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income -$8.107M -$13.88M -$30.62M
YoY Change 55.72% -759.7% -459.13%
Depreciation, Depletion And Amortization $1.780M $1.790M $1.810M
YoY Change 5.33% 272.92% 201.67%
Cash From Operating Activities $1.020M $26.58M -$770.0K
YoY Change -83.63% 132.55% -87.64%
INVESTING ACTIVITIES
Capital Expenditures -$100.0K -$210.0K -$570.0K
YoY Change -37.5% -4.55% 111.11%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$100.0K -$210.0K -$570.0K
YoY Change -99.95% -4.55% 111.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.00K -27.33M 2.700M
YoY Change -100.01% 3005.68% 13400.0%
NET CHANGE
Cash From Operating Activities 1.020M 26.58M -770.0K
Cash From Investing Activities -100.0K -210.0K -570.0K
Cash From Financing Activities -20.00K -27.33M 2.700M
Net Change In Cash 900.0K -960.0K 1.360M
YoY Change -102.31% -109.29% -120.99%
FREE CASH FLOW
Cash From Operating Activities $1.020M $26.58M -$770.0K
Capital Expenditures -$100.0K -$210.0K -$570.0K
Free Cash Flow $1.120M $26.79M -$200.0K
YoY Change -82.47% 129.96% -96.64%

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Depreciation
2300000
CY2016 us-gaap Depreciation
Depreciation
1700000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
34913000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5462000
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
29451000
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
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34913000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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2494000
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
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32419000
CY2018Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
29000000
CY2017Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
65152000
CY2018Q4 hdsn Longterm Debt Current Net Of Other Debt
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2672000
CY2017Q4 hdsn Longterm Debt Current Net Of Other Debt
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1050000
CY2018Q4 us-gaap Debt Current
DebtCurrent
31672000
CY2017Q4 us-gaap Debt Current
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66202000
CY2018Q4 us-gaap Long Term Line Of Credit
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101588000
CY2017Q4 us-gaap Long Term Line Of Credit
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103950000
CY2018Q4 hdsn Vehicle And Equipment Loans
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4000
CY2017Q4 hdsn Vehicle And Equipment Loans
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39000
CY2018Q4 us-gaap Capital Lease Obligations Noncurrent
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6000
CY2017Q4 us-gaap Capital Lease Obligations Noncurrent
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20000
CY2018Q4 us-gaap Deferred Finance Costs Net
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3325000
CY2017Q4 us-gaap Deferred Finance Costs Net
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2851000
CY2018Q4 us-gaap Long Term Debt Noncurrent
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98273000
CY2017Q4 us-gaap Long Term Debt Noncurrent
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101158000
CY2018Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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129945000
CY2017Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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167360000
CY2018Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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34400000
CY2018Q4 us-gaap Capital Leased Assets Gross
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100000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Current
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48000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
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9000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
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3000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
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0
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
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0
CY2018Q4 hdsn Capital Lease Obligations Repayments Due
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60000
CY2018Q4 hdsn Capital Lease Obligations Repayments Interest Included In Payments
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1000
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Net Minimum Payments1
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59000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
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2672000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
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2109000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
2103000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
2100000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
2100000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
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93186000
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
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104270000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1400000
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1500000
CY2016 us-gaap Allocated Share Based Compensation Expense
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600000
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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7000000
CY2018Q4 us-gaap Deferred Compensation Arrangement With Individual Common Stock Reserved For Future Issuance
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3143009
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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0
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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5500000
CY2018Q4 hdsn Sharebased Compensation Arrangement By Sharebased Payment Award Options Aggregate Intrinsic Value Nonvested
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0
CY2017Q4 us-gaap Business Combination Consideration Transferred1
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209000000
CY2018Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
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46900000
CY2017Q4 us-gaap Deferred Tax Liabilities
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1473000
CY2018Q4 us-gaap Deferred Tax Liabilities
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443000
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2018Q4 us-gaap Common Stock Shares Authorized
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CY2018Q4 us-gaap Common Stock Shares Issued
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CY2018Q4 us-gaap Common Stock Shares Outstanding
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CY2017Q4 us-gaap Common Stock Shares Issued
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CY2018 us-gaap Gross Profit
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CY2017 us-gaap Gross Profit
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CY2017 us-gaap Other Nonoperating Income Expense
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CY2018 us-gaap Nonoperating Income Expense
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CY2017 us-gaap Nonoperating Income Expense
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CY2016 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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CY2018 us-gaap Other Noncash Income Expense
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CY2016 us-gaap Payments To Acquire Businesses Gross
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0
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CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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CY2018 us-gaap Proceeds From Repayments Of Short Term Debt
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CY2018 hdsn Payment Of Deferred Acquisition Cost
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528000
CY2016 hdsn Payment Of Deferred Acquisition Cost
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1676000
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105481000
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0
CY2018 us-gaap Concentration Risk Customer
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one customer accounted for 11% of the Company’s revenues; no other customer accounted for greater than 10% of the Company’s revenues
CY2017 us-gaap Concentration Risk Customer
ConcentrationRiskCustomer
two customers each accounted for 10% or more of the Company’s revenues and, in the aggregate these two customers accounted for 33% of the Company’s revenues.
CY2016 us-gaap Concentration Risk Customer
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two customers each accounted for 10% or more of the Company’s revenues and, in the aggregate these two customers accounted for 30% of the Company’s revenues.
CY2018 us-gaap Concentration Risk Credit Risk
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CY2018 us-gaap Use Of Estimates
UseOfEstimates
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With respect to accounts receivable, the Company estimates the necessary allowance for doubtful accounts based on both historical and anticipated trends of payment history and the ability of the customer to fulfill its obligations. For inventory, the Company evaluates both current and anticipated sales prices of its products to determine if a write down of inventory to net realizable value is necessary. 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In October 2014, the EPA published a final rule providing further reductions in the production and consumption allowances for virgin HCFC refrigerants for the years 2015 through 2019 (the &#8220;Final Rule&#8221;). In the Final Rule, the EPA established a linear draw down for the production or importation of virgin HCFC-22 that started at approximately 22 million pounds in 2015 and was reduced by approximately 4.5 million pounds each year ending at zero in 2020.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">To the extent that the Company is unable to source sufficient quantities of refrigerants or is unable to obtain refrigerants on commercially reasonable terms or experiences a decline in demand and/or price for refrigerants sold by the Company, the Company could realize reductions in revenue from refrigerant sales, which could have a material adverse effect on its operating results and its financial position.</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px; background: none;"><div style="white-space: pre-line; font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); background: none; text-decoration: none; letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; margin-bottom: 0px; margin-top: 0px; text-align: justify; margin-right: 0px;"><div style="font-family: &quot;times new roman&quot;, serif; font-size: 10pt; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">The Company is subject to various legal proceedings. The Company assesses the merit and potential liability associated with each of these proceedings. In addition, the Company estimates potential liability, if any, related to these matters. To the extent that these estimates are not accurate, or circumstances change in the future, the Company could realize liabilities, which could have a material adverse effect on its operating results and its financial position.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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CY2018Q4 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
The Second Revolver Amendment also increases the applicable interest rate margin to 3% for Eurodollar Rate Loans (as defined in the PNC Facility) and 2% for Domestic Rate Loans (as defined in the PNC Facility) through September 30, 2019, with applicable margins thereafter of between 2.5% and 3% for Eurodollar Rate Loans and 1.5% and 2% for Domestic Rate Loans based on the applicable fixed charge coverage ratio.
CY2018Q4 us-gaap Debt Instrument Fee Amount
DebtInstrumentFeeAmount
250000
CY2018Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts
250000
CY2018 hdsn Ratios Of Indebtedness To Net Capital Requirement
RatiosOfIndebtednessToNetCapitalRequirement
4.75 to 1.00
hdsn Ratios Of Indebtedness To Net Capital
RatiosOfIndebtednessToNetCapital
10.15:1.00
hdsn Ratios Of Indebtedness To Net Capital
RatiosOfIndebtednessToNetCapital
12.45:1.00
CY2018 hdsn Ratios Of Indebtedness To Net Capital
RatiosOfIndebtednessToNetCapital
12.75:1.00
CY2019Q1 hdsn Ratios Of Indebtedness To Net Capital
RatiosOfIndebtednessToNetCapital
12.95:1.00
hdsn Ratios Of Indebtedness To Net Capital
RatiosOfIndebtednessToNetCapital
8.25:1.00
hdsn Ratios Of Indebtedness To Net Capital
RatiosOfIndebtednessToNetCapital
6.40:1.00
CY2019 hdsn Ratios Of Indebtedness To Net Capital
RatiosOfIndebtednessToNetCapital
5:70:1.00
CY2018Q4 us-gaap Debt Instrument Payment Terms
DebtInstrumentPaymentTerms
the Third Amendment requires a further repayment of principal on or before November 14, 2019 in an amount equal to (x) 100% of Excess Cash Flow (as defined in the Term Loan Facility) for the four fiscal quarter period ending September 30, 2019 if after giving effect to the payment thereof, the Borrowers have minimum aggregate Undrawn Availability (as defined in the Term Loan Facility) of at least $35,000,000, (y) 50% of Excess Cash Flow for the four fiscal quarter period ending September 30, 2019 if after giving effect to the payment thereof, the Borrowers have minimum aggregate Undrawn Availability of at least $15,000,000 but less than $35,000,000, and (z) 0% of Excess Cash Flow for the four fiscal quarter period ending September 30, 2019 if after giving effect to the payment thereof, the Borrowers have minimum aggregate Undrawn Availability less than $15,000,000, with any such payment subject to reduction by the amount of any voluntary prepayments made following the date of the Third Amendment.
CY2018Q4 us-gaap Line Of Credit Facility Periodic Payment Principal
LineOfCreditFacilityPeriodicPaymentPrincipal
525000
CY2018Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
28
CY2018Q4 us-gaap Line Of Credit Facility Commitment Fee Description
LineOfCreditFacilityCommitmentFeeDescription
The Third Amendment also amended the exit fee payable to the term loan lenders to five percent (5.00%) of the outstanding principal balance of the term loans on November 30, 2018 (the &#8220;Exit Fee&#8221;), which Exit Fee shall be payable in full in cash upon the earlier to occur of (x) repayment in full of the term loans, or (y) any acceleration of the term loans. The Exit Fee will be reduced by one-tenth of one percent (0.10%) for every $1,000,000 in voluntary prepayments made prior to January 1, 2020; provided, that, in no event shall the Exit Fee be reduced below three percent (3.00%) as a result of any such prepayments, (ii) payment of the Exit Fee shall be waived in the event that repayment in full of the term loans occurs prior to January 1, 2020, and (iii) the Exit Fee shall be reduced by an amount equal to fifty percent (50%) of the amount that would otherwise payable in the event that repayment in full occurs on or after January 1, 2020 but prior to March 31, 2020.
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
3422000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
11230000
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2700000
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1700000
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1400000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.2
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
0
CY2017Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
0
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2018 dei Document Type
DocumentType
10-K
CY2018 dei Amendment Flag
AmendmentFlag
false
CY2018 dei Document Period End Date
DocumentPeriodEndDate
2018-12-31
CY2018 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018 dei Entity Registrant Name
EntityRegistrantName
HUDSON TECHNOLOGIES INC /NY
CY2018 dei Entity Central Index Key
EntityCentralIndexKey
0000925528
CY2018 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2018 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2018 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2018 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
123453000
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
49425000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
112017000
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-507000
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-167000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-674000
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-693000
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-337000
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
86000
CY2018Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
3637000
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11315000
CY2018Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
38300000
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.02
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.03
CY2016 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.07
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.38
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.04
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.03
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.2
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.12
CY2018 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2018 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2018Q2 dei Entity Public Float
EntityPublicFloat
73537183
CY2018 dei Trading Symbol
TradingSymbol
HDSN
CY2019Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
42602431
CY2018 dei Entity Shell Company
EntityShellCompany
false
CY2018 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2018 dei Entity Small Business
EntitySmallBusiness
true

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0001144204-19-014301-index-headers.html Edgar Link pending
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0001144204-19-014301.txt Edgar Link pending
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