2014 Q2 Form 10-Q Financial Statement
#000121390014004075 Filed on June 09, 2014
Income Statement
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| Revenue | $403.8M | $396.9M |
| YoY Change | 1.73% | 4.57% |
| Cost Of Revenue | $332.4M | $331.2M |
| YoY Change | 0.37% | 3.56% |
| Gross Profit | $71.40M | $65.77M |
| YoY Change | 8.56% | 10.02% |
| Gross Profit Margin | 17.68% | 16.57% |
| Selling, General & Admin | $55.55M | $54.00M |
| YoY Change | 2.87% | 5.26% |
| % of Gross Profit | 77.8% | 82.1% |
| Research & Development | $2.500M | $1.700M |
| YoY Change | 47.06% | 41.67% |
| % of Gross Profit | 3.5% | 2.58% |
| Depreciation & Amortization | $4.150M | $3.970M |
| YoY Change | 4.53% | -4.8% |
| % of Gross Profit | 5.81% | 6.04% |
| Operating Expenses | $55.55M | $54.00M |
| YoY Change | 2.87% | -4.77% |
| Operating Profit | $15.85M | $15.69M |
| YoY Change | 1.05% | -604.73% |
| Interest Expense | $0.00 | -$400.0K |
| YoY Change | -100.0% | -60.0% |
| % of Operating Profit | 0.0% | -2.55% |
| Other Income/Expense, Net | $100.0K | $2.400M |
| YoY Change | -95.83% | |
| Pretax Income | $9.200M | $17.70M |
| YoY Change | -48.02% | 1375.0% |
| Income Tax | $3.600M | $7.600M |
| % Of Pretax Income | 39.13% | 42.94% |
| Net Earnings | $5.000M | $8.691M |
| YoY Change | -42.47% | 190.77% |
| Net Earnings / Revenue | 1.24% | 2.19% |
| Basic Earnings Per Share | $0.42 | |
| Diluted Earnings Per Share | $217.4K | $0.39 |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $159.4M | $162.9M |
| YoY Change | -2.15% | 4.02% |
| Cash & Equivalents | $147.0M | $152.1M |
| Short-Term Investments | $12.40M | $10.80M |
| Other Short-Term Assets | $85.40M | $66.20M |
| YoY Change | 29.0% | 56.87% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $66.10M | $64.00M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $310.9M | $293.1M |
| YoY Change | 6.07% | 7.68% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $81.20M | $85.40M |
| YoY Change | -4.92% | -0.23% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $10.20M | $9.800M |
| YoY Change | 4.08% | 36.11% |
| Other Assets | $31.90M | $41.80M |
| YoY Change | -23.68% | 116.58% |
| Total Long-Term Assets | $140.1M | $153.3M |
| YoY Change | -8.61% | 18.75% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $310.9M | $293.1M |
| Total Long-Term Assets | $140.1M | $153.3M |
| Total Assets | $451.0M | $446.4M |
| YoY Change | 1.03% | 11.24% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $37.40M | $33.10M |
| YoY Change | 12.99% | -19.66% |
| Accrued Expenses | $137.2M | $151.0M |
| YoY Change | -9.14% | -8.48% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $13.00M | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $500.0K | $21.80M |
| YoY Change | -97.71% | 4260.0% |
| Total Short-Term Liabilities | $340.5M | $326.5M |
| YoY Change | 4.29% | 11.78% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $6.400M | $6.700M |
| YoY Change | -4.48% | -77.44% |
| Other Long-Term Liabilities | $6.700M | $8.100M |
| YoY Change | -17.28% | 9.46% |
| Total Long-Term Liabilities | $13.10M | $14.80M |
| YoY Change | -11.49% | -60.11% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $340.5M | $326.5M |
| Total Long-Term Liabilities | $13.10M | $14.80M |
| Total Liabilities | $354.5M | $342.2M |
| YoY Change | 3.59% | 3.54% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $96.50M | $104.2M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $451.0M | $446.4M |
| YoY Change | 1.03% | 11.24% |
Cashflow Statement
| Concept | 2014 Q2 | 2013 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $5.000M | $8.691M |
| YoY Change | -42.47% | 190.77% |
| Depreciation, Depletion And Amortization | $4.150M | $3.970M |
| YoY Change | 4.53% | -4.8% |
| Cash From Operating Activities | $20.51M | $5.640M |
| YoY Change | 263.65% | -76.91% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$4.580M | -$3.470M |
| YoY Change | 31.99% | 16.05% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$1.600M | $7.410M |
| YoY Change | -121.59% | -15.99% |
| Cash From Investing Activities | -$6.190M | $3.950M |
| YoY Change | -256.71% | -32.25% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -6.580M | -790.0K |
| YoY Change | 732.91% | -80.25% |
| NET CHANGE | ||
| Cash From Operating Activities | 20.51M | 5.640M |
| Cash From Investing Activities | -6.190M | 3.950M |
| Cash From Financing Activities | -6.580M | -790.0K |
| Net Change In Cash | 7.740M | 8.800M |
| YoY Change | -12.05% | -66.49% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $20.51M | $5.640M |
| Capital Expenditures | -$4.580M | -$3.470M |
| Free Cash Flow | $25.09M | $9.110M |
| YoY Change | 175.41% | -66.78% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2013Q2 | idt |
Gain On Insurance Settlement
GainOnInsuranceSettlement
|
USD | |
| CY2013Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
53997000 | USD |
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
162945000 | USD | |
| CY2014Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
55548000 | USD |
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
170588000 | USD | |
| us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0pt; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: block; margin-left: 0pt; margin-right: 0pt; background-color: #ffffff;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt; font-weight: bold;">Note 14—Recently Issued Accounting Standard Not Yet Adopted</font></div> <div align="justify" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0pt; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: block; margin-left: 0pt; margin-right: 0pt; background-color: #ffffff;"> </div> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt; background-color: #ffffff;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">In May 2014, the Financial Accounting Standards Board and the International Accounting Standards Board jointly issued a comprehensive new revenue recognition standard that will supersede most of the current revenue recognition guidance under U.S. GAAP and International Financial Reporting Standards (“IFRS”). The goals of the revenue recognition project were to clarify and converge the revenue recognition principles under U.S. GAAP and IFRS and to develop guidance that would streamline and enhance revenue recognition requirements. The Company will adopt this standard on August 1, 2017. Entities have the option of using either a full retrospective or modified retrospective approach for the adoption of the standard. The Company is evaluating the impact that the standard will have on its consolidated financial statements.</font></div> <div align="justify" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: justify; text-indent: 0pt; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: block; margin-left: 0pt; margin-right: 0pt; background-color: #ffffff;"> </div> <div align="left" style="color: #000000; font-family: 'times new roman'; font-size: 13px; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0pt; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; display: block; margin-left: 0pt; margin-right: 0pt; background-color: #ffffff;"><font style="display: inline; font-family: 'times new roman'; font-size: 10pt;">In April 2014, an accounting standard update was issued that changes the criteria for reporting discontinued operations and enhances convergence of U.S. GAAP and IFRS reporting requirements for discontinued operations. The amendments in the update raise the threshold for a disposal to qualify as a discontinued operation and require new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The adoption of this standard update will be applied prospectively to (a) all disposals (or classifications as held for sale) of components of the Company, and (b) all businesses that, on acquisition, are classified as held for sale, that occur within a fiscal year beginning on or after August 1, 2015. Early adoption is permitted but only for disposals (or classifications as held for sale) that have not been reported in previously issued financial statements. The Company does not expect the adoption of this standard update to impact its financial position, results of operations or cash flows.</font></div> | ||
| idt |
Gain On Insurance Settlement
GainOnInsuranceSettlement
|
USD | ||
| CY2014Q2 | idt |
Gain On Insurance Settlement
GainOnInsuranceSettlement
|
USD | |
| idt |
Gain On Insurance Settlement
GainOnInsuranceSettlement
|
571000 | USD | |
| CY2013Q2 | idt |
Corporate Loss Related To Settlement
CorporateLossRelatedToSettlement
|
USD | |
| idt |
Corporate Loss Related To Settlement
CorporateLossRelatedToSettlement
|
USD | ||
| CY2014Q2 | idt |
Corporate Loss Related To Settlement
CorporateLossRelatedToSettlement
|
USD | |
| idt |
Corporate Loss Related To Settlement
CorporateLossRelatedToSettlement
|
-79000 | USD |
