2016 Q2 Form 10-K Financial Statement

#000114420416095568 Filed on April 21, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 2015 Q1
Revenue $20.37M $99.65M $25.31M
YoY Change -17.93% 6.67% 13.88%
Cost Of Revenue $13.59M $63.31M $15.77M
YoY Change -12.55% 2.58% -1.25%
Gross Profit $6.776M $36.33M $9.533M
YoY Change -26.97% 14.62% 52.55%
Gross Profit Margin 33.27% 36.46% 37.67%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $165.0K
YoY Change 83.33%
% of Gross Profit 0.45%
Depreciation & Amortization $287.0K $986.0K $280.0K
YoY Change 16.67% -11.09% -26.32%
% of Gross Profit 4.24% 2.71% 2.94%
Operating Expenses $6.610M $24.52M $6.510M
YoY Change 9.09% -0.87% -1.96%
Operating Profit $169.0K $11.81M $3.022M
YoY Change -94.75% 69.69% -872.89%
Interest Expense -$200.0K $785.0K -$170.0K
YoY Change -209.29% -53.5% -83.0%
% of Operating Profit -118.34% 6.65% -5.63%
Other Income/Expense, Net $10.00K -$120.0K -$90.00K
YoY Change -33.33% -94.95% -400.0%
Pretax Income -$20.00K $10.91M $2.760M
YoY Change -100.66% 17680.06% -302.94%
Income Tax -$20.00K $3.117M -$9.170M
% Of Pretax Income 28.58% -332.25%
Net Earnings $3.000K $3.854M $11.29M
YoY Change -99.76% -54.11% -800.5%
Net Earnings / Revenue 0.01% 3.87% 44.59%
Basic Earnings Per Share $0.00 $0.54 $1.69
Diluted Earnings Per Share $0.00 $0.53 $1.65
COMMON SHARES
Basic Shares Outstanding 7.254M shares 7.172M shares
Diluted Shares Outstanding 7.254M shares

Balance Sheet

Concept 2016 Q2 2016 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.30M $7.000M $6.700M
YoY Change 18.39% 4.48% 45.65%
Cash & Equivalents $10.33M $7.000M $6.709M
Short-Term Investments
Other Short-Term Assets $2.848M $2.700M $2.361M
YoY Change -10.55% -76.52% 11.99%
Inventory $38.90M $40.80M $37.09M
Prepaid Expenses
Receivables $11.65M $11.50M $13.28M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $66.60M $62.10M $68.64M
YoY Change -11.01% -9.48% 4.82%
LONG-TERM ASSETS
Property, Plant & Equipment $9.141M $9.300M $10.14M
YoY Change -11.35% -7.92% -15.95%
Goodwill $871.0K $871.0K
YoY Change 0.0% -0.03%
Intangibles $62.00K $171.0K
YoY Change -56.03% -88.85%
Long-Term Investments
YoY Change
Other Assets $14.40M $16.00M $13.40M
YoY Change 7.46% 19.4% 2580.0%
Total Long-Term Assets $24.43M $26.20M $24.57M
YoY Change -1.01% 6.5% 63.8%
TOTAL ASSETS
Total Short-Term Assets $66.60M $62.10M $68.64M
Total Long-Term Assets $24.43M $26.20M $24.57M
Total Assets $91.04M $88.30M $93.21M
YoY Change -8.53% -5.26% 15.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.366M $4.300M $7.763M
YoY Change -13.46% -44.87% -5.11%
Accrued Expenses $1.197M $3.000M $1.462M
YoY Change -33.43% 15.38% 1.5%
Deferred Revenue
YoY Change
Short-Term Debt $3.198M $12.70M $2.611M
YoY Change -7.2% 53.01% 2.05%
Long-Term Debt Due $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $22.15M $20.00M $26.22M
YoY Change -28.61% -23.66% -2.28%
LONG-TERM LIABILITIES
Long-Term Debt $800.0K $700.0K $800.0K
YoY Change 0.0% -12.5% -69.23%
Other Long-Term Liabilities $0.00 $100.0K $64.91K
YoY Change -100.0% -96.55% -8.86%
Total Long-Term Liabilities $800.0K $800.0K $64.91K
YoY Change -77.78% -78.38% -8.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.15M $20.00M $26.22M
Total Long-Term Liabilities $800.0K $800.0K $64.91K
Total Liabilities $22.90M $20.70M $29.95M
YoY Change -33.84% -31.0% -16.81%
SHAREHOLDERS EQUITY
Retained Earnings $4.654M
YoY Change -224.28%
Common Stock $64.67M
YoY Change 21.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.352M
YoY Change -0.01%
Treasury Stock Shares 356.4K shares 356.4K shares
Shareholders Equity $68.10M $67.50M $63.26M
YoY Change
Total Liabilities & Shareholders Equity $91.00M $88.30M $93.21M
YoY Change -8.57% -5.26% 15.81%

Cashflow Statement

Concept 2016 Q2 2016 2015 Q1
OPERATING ACTIVITIES
Net Income $3.000K $3.854M $11.29M
YoY Change -99.76% -54.11% -800.5%
Depreciation, Depletion And Amortization $287.0K $986.0K $280.0K
YoY Change 16.67% -11.09% -26.32%
Cash From Operating Activities $3.460M -$518.0K -$130.0K
YoY Change -323.66% -115.56% -84.52%
INVESTING ACTIVITIES
Capital Expenditures $30.00K $840.0K -$540.0K
YoY Change -90.23% -10.45% 260.0%
Acquisitions
YoY Change
Other Investing Activities -$1.840M $0.00
YoY Change -100.0%
Cash From Investing Activities -$30.00K -$2.675M -$540.0K
YoY Change -90.23% 195.68% 68.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $6.000K $23.00K
YoY Change
Cash From Financing Activities -190.0K $3.706M 500.0K
YoY Change -104.97% -3293.2% -31.51%
NET CHANGE
Cash From Operating Activities 3.460M -$518.0K -130.0K
Cash From Investing Activities -30.00K -$2.675M -540.0K
Cash From Financing Activities -190.0K $3.706M 500.0K
Net Change In Cash 3.240M $513.0K -170.0K
YoY Change 64.63% -77.77% -60.47%
FREE CASH FLOW
Cash From Operating Activities $3.460M -$518.0K -$130.0K
Capital Expenditures $30.00K $840.0K -$540.0K
Free Cash Flow $3.430M -$1.358M $410.0K
YoY Change -285.01% -156.8% -159.42%

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750000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
3706000 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
261000 USD
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-200000 USD
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-95000 USD
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4555000 USD
CY2016 lake Payment In Kind Interest
PaymentInKindInterest
0 USD
CY2015 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2015 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
101000 USD
CY2016 lake Increase Decrease In Interest Expense From Arbitration Award
IncreaseDecreaseInInterestExpenseFromArbitrationAward
-111000 USD
CY2015 lake Increase Decrease In Interest Expense From Arbitration Award
IncreaseDecreaseInInterestExpenseFromArbitrationAward
111000 USD
CY2016 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
0 USD
CY2015 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
2295000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-19000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-43000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
238000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
0 USD
CY2016 lake Cash Provided By Used In Transfer Of Stock Credit
CashProvidedByUsedInTransferOfStockCredit
-1147000 USD
CY2015 lake Cash Provided By Used In Transfer Of Stock Credit
CashProvidedByUsedInTransferOfStockCredit
0 USD
CY2016 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
451000 USD
CY2015 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
0 USD
CY2016 lake Repayment Of Subordinated Debt Principal Payments
RepaymentOfSubordinatedDebtPrincipalPayments
0 USD
CY2015 lake Repayment Of Subordinated Debt Principal Payments
RepaymentOfSubordinatedDebtPrincipalPayments
500000 USD
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
313000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2154000 USD
CY2016 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
0 USD
CY2015 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
10140000 USD
CY2016 us-gaap Repayments Of Subordinated Debt
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0 USD
CY2015 us-gaap Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
3594000 USD
CY2016 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
CY2015 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
2014000 USD
CY2016 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
763000 USD
CY2015 us-gaap Weighted Average Number Of Shares Treasury Stock
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356441 shares
CY2015 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
4016000 USD
CY2016 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-599000 USD
CY2015 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-2002000 USD
CY2015 us-gaap Payments Of Financing Costs
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13000 USD
CY2016 us-gaap Repayments Of Debt
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2125000 USD
CY2015 us-gaap Repayments Of Debt
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812000 USD
CY2016 us-gaap Proceeds From Stock Options Exercised
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40000 USD
CY2015 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2016Q1 us-gaap Inventory Raw Materials Net Of Reserves
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15435000 USD
CY2015Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
14379000 USD
CY2016Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
784000 USD
CY2015Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1670000 USD
CY2016Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
24622000 USD
CY2015Q1 us-gaap Inventory Finished Goods Net Of Reserves
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21043000 USD
CY2016Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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22300000 USD
CY2015Q1 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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21600000 USD
CY2016Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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53000 USD
CY2016Q1 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
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0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
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888000 USD
CY2016Q1 us-gaap Disposal Group Including Discontinued Operation Inventory1
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0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Inventory1
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3216000 USD
CY2016Q1 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
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0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
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634000 USD
CY2016Q1 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
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1544000 USD
CY2016Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
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0 USD
CY2015Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
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6335000 USD
CY2016Q1 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
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651000 USD
CY2016Q1 us-gaap Disposal Group Including Discontinued Operation Pension Plan Benefit Obligation
DisposalGroupIncludingDiscontinuedOperationPensionPlanBenefitObligation
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Pension Plan Benefit Obligation
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1739000 USD
CY2016Q1 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
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0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
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1163000 USD
CY2016Q1 lake Disposal Group Including Discontinued Operation Short Term Borrowings
DisposalGroupIncludingDiscontinuedOperationShortTermBorrowings
0 USD
CY2015Q1 lake Disposal Group Including Discontinued Operation Short Term Borrowings
DisposalGroupIncludingDiscontinuedOperationShortTermBorrowings
688000 USD
CY2016Q1 us-gaap Disposal Group Including Discontinued Operation Other Current Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherCurrentLiabilities
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Other Current Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherCurrentLiabilities
2333000 USD
CY2016Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2015Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
6574000 USD
CY2016 us-gaap Disposal Group Including Discontinued Operation Revenue
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869000 USD
CY2015 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
6315000 USD
CY2016 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
164000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-3936000 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-2687000 USD
CY2016 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
256000 USD
CY2015 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
665000 USD
CY2016 lake Noncash Reclassification Of Other Comprehensive Income To Statement Of Operations
NoncashReclassificationOfOtherComprehensiveIncomeToStatementOfOperations
-1286000 USD
CY2015 lake Noncash Reclassification Of Other Comprehensive Income To Statement Of Operations
NoncashReclassificationOfOtherComprehensiveIncomeToStatementOfOperations
0 USD
CY2016 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
-515000 USD
CY2015 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
0 USD
CY2016 lake Disposal Group Including Discontinued Operation Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense
2683000 USD
CY2015 lake Disposal Group Including Discontinued Operation Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense
169000 USD
CY2016 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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-3538000 USD
CY2015 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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-2836000 USD
CY2015Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
224000 USD
CY2016 us-gaap Nature Of Operations
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in"> <strong><font style="FONT-SIZE: 10pt"> Business</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.2in" align="justify"><font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0in 0.01in" align="justify"><font style="FONT-SIZE: 10pt">Lakeland Industries, Inc. and Subsidiaries (&#8220;Lakeland&#8221;,&#160;&#8220;Company&#8221;, &#8220;we&#8221; or &#8220;our&#8221;), a Delaware corporation organized in April 1986, manufactures and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market. The principal market for the Company&#8217;s products is in the United States. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>No customer accounted for more than 10% of net sales<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> during FY16 or FY15. In April 2015, the Company decided to exit operations in Brazil and on July 31, 2015, the Company completed a conditional closing of the transfer of stock of its wholly-owned Brazilian subsidiary, Lake Brasil Industria E Comercio de Roupas E Equipamentos de Protecao Individual Ltda (referred to herein as &#8220;Lakeland Brazil&#8221;), to Zap Com&#233;rcio de Brindes Corporativos Ltda (&#8220;Transferee&#8221;), a company owned by an existing Lakeland Brazil manager. This sale is pursuant to a Shares Transfer Agreement (the &#8220;Shares Transfer Agreement&#8221;) entered into on June 19, 2015. The transactions contemplated by the Shares Transfer Agreement, which shall be deemed to have been consummated as of July 31, 2015, were subject to acceptance of the shares transfer on the Commercial Registry by the Brazilian authorities, which was received in October 2015. For purposes of these financial statements, FY refers to a fiscal year ended January 31; thus, FY16 refers to the fiscal year ended January 31, 2016.</font></div> </div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in"> <strong><font style="FONT-SIZE: 10pt">Concentration of Credit Risk</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.2in" align="justify"><font style="FONT-SIZE: 10pt">Financial instruments, which potentially subject the Company to concentration of credit risk, consist principally of trade receivables. Concentration of credit risk with respect to these receivables is generally diversified due to the large number of entities comprising the Company&#8217;s customer base and their dispersion across geographic areas principally within the United States. The Company routinely addresses the financial strength of its customers and, as a consequence, believes that its receivable credit risk exposure is limited. The Company does not require customers to post collateral.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.2in" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.2in" align="justify"><font style="FONT-SIZE: 10pt">Our foreign financial depositories are Bank of America; China Construction Bank; Bank of China; China Industrial and Commercial Bank; HSBC; Rural Credit Cooperative of Shandong; Postal Savings Bank of China; Punjab National Bank; HSBC in India, Argentina and UK; Raymond James in Argentina; TD Canada Trust; Banco do Brasil, S.A.; Banco Ita&#250; S.A., and Mercantil do Brasil, S.A. in Brazil; Banco Credito Inversione in Chile; Banco Mercantil Del Norte SA in Mexico; ZAO KB Citibank Moscow in Russia, and JSC Bank Centercredit in Kazakhstan. We monitor our financial depositories by their credit rating which varies by country.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q1 lake Accrued Value Added Taxes Noncurrent
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60000 USD
CY2016Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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593000 USD
CY2015Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
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448000 USD
CY2015Q1 us-gaap Common Stock Shares Authorized
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10000000 shares
CY2016Q1 us-gaap Common Stock Shares Issued
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7610603 shares
CY2015Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7414037 shares
CY2016Q1 us-gaap Common Stock Shares Outstanding
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7254162 shares
CY2015Q1 us-gaap Common Stock Shares Outstanding
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7057596 shares
CY2016Q1 us-gaap Treasury Stock Shares
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356441 shares
CY2015Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
356441 shares
CY2016 us-gaap Prior Period Reclassification Adjustment Description
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in"> <strong><font style="FONT-SIZE: 10pt"> Reclassifications</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.2in" align="justify"><font style="FONT-SIZE: 10pt">Certain reclassifications of prior period data have been made to conform to current period classification</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q1 lake Accrued Value Added Taxes Noncurrent
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95000 USD
CY2016Q1 us-gaap Inventory Valuation Reserves
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2566000 USD
CY2015Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2454000 USD
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1500000 shares
CY2015Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1500000 shares
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q1 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2016Q1 us-gaap Common Stock Shares Authorized
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10000000 shares
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-865000 USD
CY2015 lake Stockissuedduringperiodvaluewarrantsexercised
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6000 USD
CY2015 us-gaap Stock Issued During Period Value Other
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10151000 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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13000 USD
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
586000 USD
CY2016 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
750000 USD
CY2016 lake Entity Wide Revenue Major Customer Description
EntityWideRevenueMajorCustomerDescription
No customer accounted for more than 10% of net sales
CY2015 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
2400000 USD
CY2016 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
2500000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
165000 USD
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
90000 USD
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
371183 shares
CY2016 us-gaap Advertising Expense
AdvertisingExpense
326000 USD
CY2015 us-gaap Advertising Expense
AdvertisingExpense
455000 USD
CY2016Q1 lake Foreign Denominated Cash And Cash Equivalents
ForeignDenominatedCashAndCashEquivalents
7000000 USD
CY2015Q1 lake Foreign Denominated Cash And Cash Equivalents
ForeignDenominatedCashAndCashEquivalents
6700000 USD
CY2016 us-gaap Interest Paid
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784000 USD
CY2015 us-gaap Interest Paid
InterestPaid
1395000 USD
CY2016 us-gaap Income Taxes Paid
IncomeTaxesPaid
1826000 USD
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
1763000 USD
CY2016 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0 USD
CY2015 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1977000 USD
CY2016Q1 us-gaap Property Plant And Equipment Gross
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18102000 USD
CY2015Q1 us-gaap Property Plant And Equipment Gross
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18769000 USD
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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8850000 USD
CY2015Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8657000 USD
CY2016Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
1101000 USD
CY2015Q1 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
0 USD
CY2016Q1 us-gaap Construction In Progress Gross
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16000 USD
CY2015Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
32000 USD
CY2016 lake Value Added Tax Examination Claims Incurred In Period
ValueAddedTaxExaminationClaimsIncurredInPeriod
4800000 BRL
CY2016 lake Value Added Tax Examination Penalties And Interest Expense
ValueAddedTaxExaminationPenaltiesAndInterestExpense
5600000 BRL
CY2016 lake Value Added Tax Examination Income Tax Total
ValueAddedTaxExaminationIncomeTaxTotal
10400000 BRL
CY2016 lake Value Added Tax Examination Claims Incurred In Period
ValueAddedTaxExaminationClaimsIncurredInPeriod
3000000 USD
CY2016 lake Value Added Tax Examination Income Tax Total
ValueAddedTaxExaminationIncomeTaxTotal
6500000 USD
CY2010Q2 lake Value Added Tax Claim Paid Amount
ValueAddedTaxClaimPaidAmount
1900000 USD
CY2010Q2 lake Value Added Tax Credit Carryforward Amount
ValueAddedTaxCreditCarryforwardAmount
2100000 BRL
CY2010Q2 lake Value Added Tax Credit Carryforward Amount
ValueAddedTaxCreditCarryforwardAmount
1100000 USD
CY2016 us-gaap Depreciation
Depreciation
884863 USD
CY2015 us-gaap Depreciation
Depreciation
752640 USD
CY2016Q1 lake Estimated Cost To Complete Constructioninprogress
EstimatedCostToCompleteConstructioninprogress
500000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
470189 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
420000 USD
CY2016 lake Lease And Rental Expense Related Party
LeaseAndRentalExpenseRelatedParty
0 USD
CY2015 lake Lease And Rental Expense Related Party
LeaseAndRentalExpenseRelatedParty
0 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
417449 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
231848 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
163876 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
71686 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
71686 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
165178 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
101291 USD
CY2015 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
355938 USD
CY2016Q1 lake Annual Base Remuneration Payments Due Current
AnnualBaseRemunerationPaymentsDueCurrent
1077500 USD
CY2016Q1 lake Annual Base Remuneration Payments Due In Two Years
AnnualBaseRemunerationPaymentsDueInTwoYears
878333 USD
CY2016Q1 lake Annual Base Remuneration Payments Due In Three Years
AnnualBaseRemunerationPaymentsDueInThreeYears
513333 USD
CY2016Q1 lake Annual Base Remuneration Payments Due In Four Years
AnnualBaseRemunerationPaymentsDueInFourYears
268750 USD
CY2016 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
8000000 USD
CY2016Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
278000 USD
CY2016Q1 us-gaap Loss Contingency Range Of Possible Loss Maximum
LossContingencyRangeOfPossibleLossMaximum
500000 USD
CY2016Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
238000 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
12734357 USD
CY2016Q1 us-gaap Long Term Debt
LongTermDebt
13424959 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
23075 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
24609 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
26244 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
27987 USD
CY2016Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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588687 USD
CY2015Q3 us-gaap Sales Revenue Goods Net
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29465000 USD
CY2015Q2 us-gaap Sales Revenue Goods Net
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24819000 USD
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.3400 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.0177 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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-5.9285 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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0.0886 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
0.8497 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.1093 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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7.5869 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
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0.1421 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
191.3581 pure
CY2016 lake Effective Income Tax Rate Reconciliation Original Issue Discount
EffectiveIncomeTaxRateReconciliationOriginalIssueDiscount
0 pure
CY2016Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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9335575 USD
CY2015Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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11155620 USD
CY2016Q1 lake Deferred Tax Assets Tax Deferred Expense Accounts Receivable And Accrued Rebates
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238261 USD
CY2016Q1 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
the Company changed to a Safe Harbor tiered matching plan equal to 100% of the first 1% of eligible participants compensation contributed to the Plan and 50% of the next 5% of eligible participants compensation contributed to the Plan (maximum Company match 3.5% of salary)
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225180 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
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-222315 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
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-40555 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
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129895 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
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1553589 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
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1246378 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
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156448 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
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-11661427 USD
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-181338 USD
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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2170109 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
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0 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 USD
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.3400 pure
CY2015 lake Effective Income Tax Rate Reconciliation Original Issue Discount
EffectiveIncomeTaxRateReconciliationOriginalIssueDiscount
10.7732 pure
CY2016 lake Effective Income Tax Rate Reconciliation Argentina Flowthrough Loss
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-0.0176 pure
CY2015 lake Effective Income Tax Rate Reconciliation Argentina Flowthrough Loss
EffectiveIncomeTaxRateReconciliationArgentinaFlowthroughLoss
-1.7062 pure
CY2016 lake Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
-0.0878 pure
CY2015 lake Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
-0.3802 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.0326 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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48.0237 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0.0322 pure
CY2015 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-4.1160 pure
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.3077 pure
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-135.9155 pure
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1266718 USD
CY2015Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1153094 USD
CY2015Q1 lake Deferred Tax Assets Tax Deferred Expense Accounts Receivable And Accrued Rebates
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80748 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
266272 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
137860 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Returns And Allowances
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReturnsAndAllowances
75053 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Returns And Allowances
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReturnsAndAllowances
164190 USD
CY2015Q3 us-gaap Gross Profit
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11795000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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-78000 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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201925 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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573966 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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3388051 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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2170109 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
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899824 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
980872 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
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116194 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
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0 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
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103372 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
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146857 USD
CY2016Q1 lake Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Amortization
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-217811 USD
CY2015Q1 lake Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Amortization
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-148516 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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834510 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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0 USD
CY2016Q1 us-gaap Deferred Tax Assets Gross
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16507944 USD
CY2015Q1 us-gaap Deferred Tax Assets Gross
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16410800 USD
CY2016Q1 us-gaap Deferred Tax Assets Valuation Allowance
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2170309 USD
CY2015Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2170309 USD
CY2016Q1 us-gaap Deferred Tax Assets Net
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14337635 USD
CY2015Q1 us-gaap Deferred Tax Assets Net
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14244491 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0 USD
CY2015 lake Effective Income Tax Rate Reconciliation Deduction Goodwill And Amortization
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9500000 USD
CY2016Q1 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
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3100000 USD
CY2015Q1 us-gaap Deferred Tax Liability Not Recognized Amount Of Unrecognized Deferred Tax Liability Undistributed Earnings Of Foreign Subsidiaries
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3200000 USD
CY2016Q1 lake Received From Transferee Under Shares Transfer Agreement
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1.00 pure
CY2015Q1 us-gaap Gross Profit
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9533000 USD
CY2014Q4 us-gaap Gross Profit
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8223000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
7437000 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
6505000 USD
CY2015Q1 us-gaap Sales Revenue Goods Net
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25306000 USD
CY2014Q4 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
23543000 USD
CY2014Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
22812000 USD
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
21758000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3022000 USD
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
1283000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1798000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
858000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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11925000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-1755000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
562000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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354000 USD
CY2015Q1 us-gaap Earnings Per Share Basic
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1.69
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.65
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2016 us-gaap Provision For Loan Lease And Other Losses
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2286000 USD
CY2015 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0 USD
CY2016 us-gaap Weighted Average Number Of Shares Contingently Issuable
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7171965 shares
CY2015 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
5843120 shares
CY2016 lake Weighted Average Common Equivalent Shares Warrant Issued
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0 shares
CY2015 lake Weighted Average Common Equivalent Shares Warrant Issued
WeightedAverageCommonEquivalentSharesWarrantIssued
371183 shares
CY2016 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
82375 shares
CY2015 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
111222 shares
CY2016 us-gaap Weighted Average Number Of Shares Treasury Stock
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356441 shares
CY2016Q1 lake Line Of Credit Facility Initial Interest Rate
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0.0425 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
100943 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.18
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
256436 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
6.25
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
0 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
0
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
109263 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
264756 shares
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.27
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
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9.93
CY2016 us-gaap Allocated Share Based Compensation Expense
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585987 USD
CY2015 us-gaap Allocated Share Based Compensation Expense
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1202986 USD
CY2016 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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210955 USD
CY2015 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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433075 USD
CY2014Q4 lake Proceeds From Issuance Of Private Placement Gross
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11100000 USD
CY2014Q4 us-gaap Subordinated Borrowing Interest Rate
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0.12 pure
CY2014Q4 us-gaap Repayments Of Subordinated Debt
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3600000 USD
CY2014Q4 lake Private Placement Fee
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777000 USD
CY2014Q4 lake Percentage Of Private Placement Fee
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0.07 pure
CY2014Q4 lake Warrants To Purchase Common Stock
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55500 shares
CY2014Q4 lake Warrants Exercise Price
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11.00
CY2014Q4 us-gaap Professional Fees
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132000 USD
CY2014Q4 us-gaap Share Price
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14.10
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
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3.10
CY2016Q1 lake Assets Less Intersegment
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88260000 USD
CY2015Q1 lake Assets Less Intersegment
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93210000 USD
CY2016 us-gaap Payments To Acquire Productive Assets
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840000 USD
CY2015 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
930000 USD
CY2010Q2 lake Value Added Tax Claim Paid Amount
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3500000 BRL
CY2016Q1 lake Value Added Tax Claims Principal
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7363022 BRL
CY2016Q1 lake Value Added Tax Claims Principal
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1937637 USD
CY2016Q1 lake Value Added Tax Claims Fines And Fees
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13503131 BRL
CY2016Q1 lake Value Added Tax Claims Fines And Fees
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3553456 USD
CY2016Q1 lake Value Added Tax Claims Value Of Debt
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20866154 BRL
CY2016Q1 lake Value Added Tax Claims Value Of Debt
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5491093 USD
CY2016Q1 lake Value Added Tax Claims Revised Fines And Fees
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2372666 BRL
CY2016Q1 lake Value Added Tax Claims Revised Fines And Fees
ValueAddedTaxClaimsRevisedFinesAndFees
624386 USD
CY2016Q1 lake Value Added Tax Claims Amount Not Included In Amnesty Settlement
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1351676 BRL
CY2016Q1 lake Value Added Tax Claims Amount Not Included In Amnesty Settlement
ValueAddedTaxClaimsAmountNotIncludedInAmnestySettlement
355704 USD
CY2016Q1 lake Value Added Tax Claims Amount Amnesty Settlement
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8384012 BRL
CY2016Q1 lake Value Added Tax Claims Amount Amnesty Settlement
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2206319 USD
CY2016Q1 lake Value Added Tax Claims Total Amount
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2256319 USD
CY2016Q1 lake Value Added Tax Claims Legal Fees
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50000 USD
CY2015Q1 us-gaap Taxes Payable Current And Noncurrent
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6200000 BRL
CY2015Q1 us-gaap Taxes Payable Current And Noncurrent
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2300000 USD
CY2016 lake Value Added Tax Examination Penalties And Interest Expense
ValueAddedTaxExaminationPenaltiesAndInterestExpense
3500000 USD
CY2016Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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834398 USD
CY2015Q4 lake Exchange Rate
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3.80
CY2015Q4 lake Value Added Tax Credit
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3395947 BRL
CY2015Q4 lake Value Added Tax Credit
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900000 USD
CY2015Q4 us-gaap Increase Decrease In Deferred Charges
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1025739 BRL
CY2015Q4 us-gaap Increase Decrease In Deferred Charges
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275000 USD
CY2015Q4 us-gaap Contractual Obligation
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300000 BRL
CY2015Q4 us-gaap Contractual Obligation
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80000 USD
CY2015Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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0.01
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2286000 USD
CY2016Q1 us-gaap Sales Revenue Goods Net
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20473000 USD
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24888000 USD
CY2016Q1 us-gaap Gross Profit
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6010000 USD
CY2015Q4 us-gaap Gross Profit
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9248000 USD
CY2015Q2 us-gaap Gross Profit
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9279000 USD
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-300000 USD
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
3192000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
5700000 USD
CY2015Q2 us-gaap Operating Income Loss
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3220000 USD
CY2015Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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2120000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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3588000 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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2160000 USD
CY2016Q1 us-gaap Earnings Per Share Basic
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-0.01
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EarningsPerShareBasic
0.29
CY2015Q3 us-gaap Earnings Per Share Basic
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0.50
CY2015Q2 us-gaap Earnings Per Share Basic
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0.31
CY2016Q1 us-gaap Earnings Per Share Diluted
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-0.01
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2016 lake Entity Wide Purchases Major Supplier Percentage
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0.1 pure
CY2015 lake Entity Wide Purchases Major Supplier Percentage
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0.1 pure
CY2016 us-gaap Comprehensive Income Net Of Tax
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4384000 USD
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7534000 USD
CY2016Q1 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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120000 USD
CY2016 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
2286000 USD
CY2015 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
0 USD
CY2016 lake Maximum Amount Of Future Labor Claims
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375000 USD
CY2016 lake Percentage Of Excess Of Cap On Labor Claims Amount
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0.6 pure
CY2015Q2 lake Receivable Amount From Settlement Agreement
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8500000 USD
CY2015Q2 us-gaap Settlement Liabilities Current
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3750000 USD
CY2015Q2 lake Quarterly Installments Amount In Settlement Liabilities
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250000 USD
CY2016 us-gaap Payments To Fund Policy Loans
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717000 USD
CY2016 lake Additional Fund To Be Paid
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1574000 BRL
CY2016 lake Additional Fund To Be Paid
AdditionalFundToBePaid
508000 USD
CY2016 lake Payments To Share Transfer Agreement
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992000 BRL
CY2016 lake Payments To Share Transfer Agreement
PaymentsToShareTransferAgreement
320000 USD
CY2016 us-gaap Proceeds From Notes Payable
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582000 BRL
CY2016 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
188000 USD
CY2015Q3 us-gaap Repayments Of Notes Payable
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288300 BRL
CY2015Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
93000 USD
CY2015Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
294500 BRL
CY2015Q3 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
95000 USD
CY2016Q1 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
26252 USD
CY2015Q1 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
131483 USD
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.2in" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: -0.5in; MARGIN: 0in 0in 0pt 0.5in"> <strong><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Use of Estimates</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt 0.2in"> <font style="FONT-SIZE: 10pt">The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at year-end and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. It is reasonably possible that events could occur during the upcoming year that could change such estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

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