2017 Q4 Form 10-Q Financial Statement

#000114420417063858 Filed on December 15, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q1 2016 Q4
Revenue $23.96M $20.30M $23.24M
YoY Change 3.08% -0.84% -6.61%
Cost Of Revenue $14.91M $12.55M $14.72M
YoY Change 1.26% -13.21% -5.86%
Gross Profit $9.053M $7.752M $8.519M
YoY Change 6.27% 28.96% -7.88%
Gross Profit Margin 37.78% 38.18% 36.65%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $190.0K $230.0K $360.0K
YoY Change -47.22% -20.69% 50.0%
% of Gross Profit 2.1% 2.97% 4.23%
Operating Expenses $6.390M $5.900M $6.271M
YoY Change 1.9% -6.5% 3.55%
Operating Profit $2.665M $1.799M $2.248M
YoY Change 18.55% -699.67% -29.57%
Interest Expense -$40.00K -$100.0K -$150.0K
YoY Change -73.33% -52.38% -181.97%
% of Operating Profit -1.5% -5.56% -6.67%
Other Income/Expense, Net $10.00K $30.00K -$2.000K
YoY Change -600.0% -123.08% -71.43%
Pretax Income $2.640M $1.780M $2.100M
YoY Change 25.71% -378.13% -30.0%
Income Tax $830.0K $830.0K $580.0K
% Of Pretax Income 31.44% 46.63% 27.62%
Net Earnings $1.810M $950.0K $1.510M
YoY Change 19.87% -162.09% -28.77%
Net Earnings / Revenue 7.55% 4.68% 6.5%
Basic Earnings Per Share $0.23 $0.13 $0.21
Diluted Earnings Per Share $0.23 $0.13 $0.21
COMMON SHARES
Basic Shares Outstanding 7.895M shares 7.259M shares
Diluted Shares Outstanding 7.922M shares 7.333M shares

Balance Sheet

Concept 2017 Q4 2017 Q1 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.50M $10.40M $8.500M
YoY Change 152.94% 48.57% 97.67%
Cash & Equivalents $21.49M $10.37M $8.453M
Short-Term Investments
Other Short-Term Assets $3.600M $2.121M $3.500M
YoY Change 2.86% 29.72% 24.2%
Inventory $38.50M $35.54M $36.60M
Prepaid Expenses
Receivables $13.03M $10.70M $11.30M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $76.65M $60.09M $59.90M
YoY Change 27.95% -3.27% -14.24%
LONG-TERM ASSETS
Property, Plant & Equipment $8.624M $8.527M $8.500M
YoY Change 1.46% -8.0% -11.59%
Goodwill $871.0K $871.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $239.0K $176.0K $15.70M
YoY Change -98.48% -6.38% 41.44%
Total Long-Term Assets $23.76M $24.47M $25.10M
YoY Change -5.36% -6.41% 15.82%
TOTAL ASSETS
Total Short-Term Assets $76.65M $60.09M $59.90M
Total Long-Term Assets $23.76M $24.47M $25.10M
Total Assets $100.4M $84.55M $85.00M
YoY Change 18.12% -4.2% -7.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.500M $4.928M $4.800M
YoY Change 77.08% 15.84% -35.28%
Accrued Expenses $2.500M $1.024M $2.800M
YoY Change -10.71% -43.52% 61.1%
Deferred Revenue
YoY Change
Short-Term Debt $754.0K $153.0K $6.100M
YoY Change -87.64% -95.26% 162.37%
Long-Term Debt Due $158.0K $50.00K $100.0K
YoY Change 58.0% 0.0% 0.0%
Total Short-Term Liabilities $11.92M $12.33M $13.70M
YoY Change -13.0% -38.22% -35.59%
LONG-TERM LIABILITIES
Long-Term Debt $1.351M $716.0K $700.0K
YoY Change 93.0% 3.62% 0.0%
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $1.351M $716.0K $700.0K
YoY Change 93.0% 3.62% -12.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.92M $12.33M $13.70M
Total Long-Term Liabilities $1.351M $716.0K $700.0K
Total Liabilities $13.27M $13.05M $14.40M
YoY Change -7.85% -37.1% -34.93%
SHAREHOLDERS EQUITY
Retained Earnings $17.76M $12.40M
YoY Change 45.76%
Common Stock $74.86M $64.84M
YoY Change 0.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.352M $3.352M
YoY Change 0.0%
Treasury Stock Shares 356.4K shares 356.4K shares
Shareholders Equity $87.09M $71.51M $70.60M
YoY Change
Total Liabilities & Shareholders Equity $100.4M $84.55M $85.00M
YoY Change 18.07% -4.2% -7.12%

Cashflow Statement

Concept 2017 Q4 2017 Q1 2016 Q4
OPERATING ACTIVITIES
Net Income $1.810M $950.0K $1.510M
YoY Change 19.87% -162.09% -28.77%
Depreciation, Depletion And Amortization $190.0K $230.0K $360.0K
YoY Change -47.22% -20.69% 50.0%
Cash From Operating Activities -$780.0K $3.280M $3.910M
YoY Change -119.95% -2.38% 809.3%
INVESTING ACTIVITIES
Capital Expenditures -$170.0K -$290.0K -$70.00K
YoY Change 142.86% 141.67% -70.83%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$170.0K -$290.0K -$70.00K
YoY Change 142.86% -88.02% -70.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.250M -1.070M -3.290M
YoY Change -381.16% -155.44% 265.56%
NET CHANGE
Cash From Operating Activities -780.0K 3.280M 3.910M
Cash From Investing Activities -170.0K -290.0K -70.00K
Cash From Financing Activities 9.250M -1.070M -3.290M
Net Change In Cash 8.300M 1.920M 550.0K
YoY Change 1409.09% -33.1% -177.46%
FREE CASH FLOW
Cash From Operating Activities -$780.0K $3.280M $3.910M
Capital Expenditures -$170.0K -$290.0K -$70.00K
Free Cash Flow -$610.0K $3.570M $3.980M
YoY Change -115.33% 2.59% 494.03%

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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
5358000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2946000 USD
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
53435 shares
us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
7477202 shares
CY2017Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1806000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1513000 USD
CY2016Q4 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
74300 shares
CY2017Q4 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
7894582 shares
CY2016Q4 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
7258697 shares
CY2017Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
800000 USD
CY2017Q1 invest Derivative Notional Amount
DerivativeNotionalAmount
1500000 USD
CY2017Q4 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
53818 USD
CY2017Q1 us-gaap Derivative Instruments And Hedges
DerivativeInstrumentsAndHedges
25826 USD
CY2015Q3 lake Maximum Amount Of Future Labor Claims
MaximumAmountOfFutureLaborClaims
375000 USD
CY2015Q3 lake Percentage Of Excess Of Cap On Labor Claims Amount
PercentageOfExcessOfCapOnLaborClaimsAmount
0.6 pure
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
620000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
120000 USD
CY2016Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
360000 USD
CY2017Q4 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
170000 USD
CY2017Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2305000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1500000 shares
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1500000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2017Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8472640 shares
CY2017Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7620215 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8116199 shares
CY2017Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7263774 shares
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
356441 shares
CY2017Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
356441 shares
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
41000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "><div style="CLEAR:both;CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;color: rgb(0, 0, 0); font-family: &#34;Times New Roman&#34;, Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; transparent-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-stretch: normal; line-height: normal; margin: 0pt 0px 0pt 0.2in; text-align: justify;"><div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;text-decoration:underline">Use of Estimates and assumptions</div></div><div style="CLEAR:both;CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;color: rgb(0, 0, 0); font-family: &#34;Times New Roman&#34;, Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; transparent-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-stretch: normal; line-height: normal; margin: 0pt 0px 0pt 0.2in; text-align: justify;">The preparation of unaudited condensed 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 the balance sheet date, 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.</div></div><table border="0" style="border-collapse:collapse; clear:both;width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td style="background-color: #fff"></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Nature Of Operations
NatureOfOperations
<div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "><table cellpadding="0" cellspacing="0" style="clear:both;clear:both;font-family: &#34;Times New Roman&#34;, Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: normal; margin-top: 0pt; margin-bottom: 0pt; width: 100%;"><tr style="vertical-align: top; text-align: justify;"><td style="width: 0px;;"><div></div></td><td style="width: 0.2in; text-align: left;;"><div><div style="CLEAR:both;font-weight:bold;display:inline;width:100%;"><div style='font-style:italic;display:inline;'>1.</div></div></div></td><td style="text-align: justify;;"><div><div style="CLEAR:both;font-weight:bold;display:inline;width:100%;"><div style='font-style:italic;display:inline;'>Business</div></div></div></td></tr></table><div style="CLEAR:both;CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;color: rgb(0, 0, 0); font-family: &#34;Times New Roman&#34;, Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; transparent-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-stretch: normal; line-height: normal; margin: 0pt 0px 0pt 0.2in; text-align: justify;">&#160;</div><div style="CLEAR:both;CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;color: rgb(0, 0, 0); font-family: &#34;Times New Roman&#34;, Times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-indent: 0in; text-transform: none; transparent-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-stretch: normal; line-height: normal; margin: 0pt 0px 0pt 0.2in; text-align: justify;">Lakeland Industries, Inc. and Subsidiaries (&#8220;Lakeland,&#8221; the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our&#8221; or &#8220;us&#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.</div></div><table border="0" style="border-collapse:collapse; clear:both;width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td style="background-color: #fff"></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
8116199 shares
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10113000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5532000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8211000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6154000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-6588000 USD
dei Document Type
DocumentType
10-Q
dei Trading Symbol
TradingSymbol
LAKE
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2017-10-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Registrant Name
EntityRegistrantName
LAKELAND INDUSTRIES INC
dei Entity Central Index Key
EntityCentralIndexKey
0000798081
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--01-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2017Q2 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
For that portion of the term loan that consists of Eurodollar loans, the term loan shall bear interest at the LIBOR Market Index Rate (&#8220;LIBOR&#8221;) plus 2.0% per annum, and for that portion of the term loan that consists of base rate loans, the term loan shall bear interest at the base rate then in effect plus 1.0% per annum. All principal and unpaid accrued interest under the revolver credit facility shall be due and payable on the maturity date of the revolver. For that portion of the revolver loan that consists of Eurodollar loans, the revolver shall bear interest at LIBOR plus a margin rate of 1.75% per annum for the first six months and thereafter between 1.5% and 2.0%, depending on the Company&#8217;s &#8220;availability calculation&#8221; (as defined in the Loan Agreement) and, for that portion of the revolver that consists of base rate loans, the revolver shall bear interest at the base rate then in effect plus a margin rate of 0.75% per annum for the first six months and thereafter between 0.50% and 1.0%, depending on the availability calculation. As of the closing, the Company elected all borrowings under the Loan Agreement to accrue interest at LIBOR which, as of that date, was 0.99500% (1.2317% as of October 31, 2017). As such, the initial rate of interest for the revolver is 2.745% per annum and the initial rate of interest for the term loan is 2.995% per annum. The Loan Agreement provides for payment of an unused line fee of between 0.25% and 0.50%, depending on the amount by which the revolving credit loan commitment exceeds the amount of the revolving credit loans outstanding (including letters of credit), which shall be payable monthly in arrears on the average daily unused portion of the revolver.
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1351000 USD
CY2017Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
716000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
68139 shares
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1000000 USD
CY2017Q3 lake Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted In Period Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedInPeriodFairValue
940300 USD
CY2017Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
93981 USD
CY2016Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
99034 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
291471 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
176966 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
104929 USD
CY2017Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
33833 USD
CY2016Q4 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
35652 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
63708 USD
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
99991 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
59458 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
67721 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
27049 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
64679 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
10.18
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
13.89
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
10.18
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
10.19
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
13.59
CY2016Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
2500000 USD
CY2017Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
55500 shares
CY2014Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
11.00
CY2014Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
55500 shares
CY2017Q3 lake Number Of Share To Be Issued Under Underwriting Agreement
NumberOfShareToBeIssuedUnderUnderwritingAgreement
725000 shares
CY2017Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2017Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
13.80
CY2017Q3 lake Underwriting Discount Per Share Sold
UnderwritingDiscountPerShareSold
0.966
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
108750 shares
CY2017Q3 lake Net Proceeds From Issuance Of Common Stock After Deducting Underwriting Discounts And Estimated Offering Expenses
NetProceedsFromIssuanceOfCommonStockAfterDeductingUnderwritingDiscountsAndEstimatedOfferingExpenses
10100000 USD
CY2017Q4 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
119000 USD
us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
586000 USD
CY2016Q4 us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
38000 USD
us-gaap Foreign Currency Transaction Gain Before Tax
ForeignCurrencyTransactionGainBeforeTax
244000 USD
CY2017Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
55500 shares
CY2017Q4 lake Share Based Compensation Arrangements By Share Based Payment Award Market Liability
ShareBasedCompensationArrangementsByShareBasedPaymentAwardMarketLiability
13072 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "><div style="CLEAR:both;CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;color: rgb(0, 0, 0); font-family: &#34;Times New Roman&#34;, Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; transparent-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-stretch: normal; line-height: normal; margin: 0pt 0px 0pt 0.2in; text-align: justify;"><div style="display:inline;; font-style: normal; font-size: 13.3333px; font-family: &#34;Times New Roman&#34;, Times, serif; font-weight: 400;display1:inline;display1:inline;"><div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;text-decoration:underline">Reclassifications</div></div></div><div style="CLEAR:both;CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;color: rgb(0, 0, 0); font-family: &#34;Times New Roman&#34;, Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; transparent-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; font-stretch: normal; line-height: normal; margin: 0pt 0px 0pt 0.2in; text-align: justify;"><div style="display:inline;; font-style: normal; font-size: 13.3333px; font-family: &#34;Times New Roman&#34;, Times, serif; font-weight: 400;display1:inline;display1:inline;">Certain reclassifications have been made to the prior period&#8217;s unaudited condensed consolidated financial statements to conform to the current period presentation.</div></div></div><table border="0" style="border-collapse:collapse; clear:both;width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td style="background-color: #fff"></td></tr></table><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>

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