2017 Q2 Form 10-Q Financial Statement

#000106660517000016 Filed on July 27, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $157.1M $153.8M
YoY Change 2.15% 11.72%
Cost Of Revenue $4.900M $5.000M
YoY Change -2.0% 8.7%
Gross Profit $152.2M $148.9M
YoY Change 2.22% 11.95%
Gross Profit Margin 96.87% 96.8%
Selling, General & Admin $141.5M $137.2M
YoY Change 3.13% 10.73%
% of Gross Profit 92.97% 92.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.700M $2.300M
YoY Change 17.39% 27.78%
% of Gross Profit 1.77% 1.54%
Operating Expenses $185.5M $142.1M
YoY Change 30.54% 10.59%
Operating Profit -$28.41M $11.69M
YoY Change -342.95% 27.5%
Interest Expense -$100.0K $100.0K
YoY Change -200.0% -150.0%
% of Operating Profit 0.86%
Other Income/Expense, Net -$275.0K $87.00K
YoY Change -416.09% -261.11%
Pretax Income -$28.69M $11.78M
YoY Change -343.49% 29.21%
Income Tax -$10.44M $5.126M
% Of Pretax Income 43.51%
Net Earnings -$18.25M $6.655M
YoY Change -374.2% 34.28%
Net Earnings / Revenue -11.61% 4.33%
Basic Earnings Per Share -$0.97 $0.36
Diluted Earnings Per Share -$0.97 $0.35
COMMON SHARES
Basic Shares Outstanding 18.75M shares 18.56M shares
Diluted Shares Outstanding 18.75M shares 18.82M shares

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.20M $85.40M
YoY Change -31.85% -28.77%
Cash & Equivalents $58.18M $85.39M
Short-Term Investments
Other Short-Term Assets $13.78M $14.03M
YoY Change -1.76% 935.42%
Inventory
Prepaid Expenses $23.78M $20.49M
Receivables $124.4M $107.1M
Other Receivables $5.500M $4.800M
Total Short-Term Assets $225.6M $231.8M
YoY Change -2.68% -14.36%
LONG-TERM ASSETS
Property, Plant & Equipment $41.49M $36.46M
YoY Change 13.79% 5.45%
Goodwill $124.7M $136.1M
YoY Change -8.37% 12.43%
Intangibles
YoY Change
Long-Term Investments $19.70M $16.80M
YoY Change 17.26% 10.53%
Other Assets $11.91M $12.40M
YoY Change -3.93% 14.35%
Total Long-Term Assets $271.8M $271.9M
YoY Change -0.02% 12.59%
TOTAL ASSETS
Total Short-Term Assets $225.6M $231.8M
Total Long-Term Assets $271.8M $271.9M
Total Assets $497.4M $503.7M
YoY Change -1.24% -1.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.170M $5.765M
YoY Change 41.72% 1.1%
Accrued Expenses $88.10M $87.70M
YoY Change 0.46% 5.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $157.4M $155.7M
YoY Change 1.06% -2.34%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $26.59M $21.85M
YoY Change 21.66% -50.11%
Total Long-Term Liabilities $96.56M $87.60M
YoY Change 10.22% -15.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $157.4M $155.7M
Total Long-Term Liabilities $96.56M $87.60M
Total Liabilities $253.9M $243.3M
YoY Change 4.36% -7.45%
SHAREHOLDERS EQUITY
Retained Earnings $35.27M $55.61M
YoY Change -36.57% 13.93%
Common Stock $225.0M $228.4M
YoY Change -1.48% -1.39%
Preferred Stock
YoY Change
Treasury Stock (at cost) $26.13M $32.95M
YoY Change -20.7% -19.94%
Treasury Stock Shares 805.3K shares 1.009M shares
Shareholders Equity $243.5M $260.4M
YoY Change
Total Liabilities & Shareholders Equity $497.4M $503.7M
YoY Change -1.24% -1.65%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$18.25M $6.655M
YoY Change -374.2% 34.28%
Depreciation, Depletion And Amortization $2.700M $2.300M
YoY Change 17.39% 27.78%
Cash From Operating Activities $24.30M $34.20M
YoY Change -28.95% 38.46%
INVESTING ACTIVITIES
Capital Expenditures -$6.200M -$400.0K
YoY Change 1450.0% -89.74%
Acquisitions
YoY Change
Other Investing Activities -$100.0K -$200.0K
YoY Change -50.0%
Cash From Investing Activities -$6.400M -$600.0K
YoY Change 966.67% -85.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $25.00M
YoY Change
Cash From Financing Activities -29.80M -9.600M
YoY Change 210.42% 5.49%
NET CHANGE
Cash From Operating Activities 24.30M 34.20M
Cash From Investing Activities -6.400M -600.0K
Cash From Financing Activities -29.80M -9.600M
Net Change In Cash -11.90M 24.00M
YoY Change -149.58% 106.9%
FREE CASH FLOW
Cash From Operating Activities $24.30M $34.20M
Capital Expenditures -$6.200M -$400.0K
Free Cash Flow $30.50M $34.60M
YoY Change -11.85% 20.98%

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114000 USD
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1092000 USD
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260000 shares
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
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CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Reclassifications
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications<br clear="none"/> <br clear="none"/></font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been recast as a result of the change in the Company's operating segments as first reported in the Company's Annual Report on Form 10-K filed on March 23, 2017. The reclassifications had no impact on net income, net cash flows or stockholders' equity.</font></div><div style="line-height:120%;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

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