2019 Q2 Form 10-Q Financial Statement

#000005751519000011 Filed on April 30, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q1
Revenue $323.7M $317.9M $296.2M
YoY Change 5.03% 7.33% 0.8%
Cost Of Revenue $245.5M $242.5M $228.3M
YoY Change 5.82% 6.23% 2.85%
Gross Profit $78.21M $75.40M $67.91M
YoY Change 2.66% 11.02% -5.55%
Gross Profit Margin 24.16% 23.72% 22.93%
Selling, General & Admin $39.90M $37.98M $29.88M
YoY Change 21.28% 27.13% -7.37%
% of Gross Profit 51.02% 50.37% 43.99%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.100M $8.200M $6.900M
YoY Change 30.0% 18.84% 6.15%
% of Gross Profit 11.64% 10.88% 10.16%
Operating Expenses $33.20M $37.98M $29.88M
YoY Change -0.6% 27.13% -7.37%
Operating Profit $45.01M $37.33M $37.52M
YoY Change 5.21% -0.5% 70.42%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $900.0K $1.329M $525.0K
YoY Change -18.18% 153.14% 264.58%
Pretax Income $44.30M $38.66M $38.04M
YoY Change 1.14% 1.62% 71.68%
Income Tax $11.20M $8.053M $10.42M
% Of Pretax Income 25.28% 20.83% 27.39%
Net Earnings $33.01M $30.60M $27.62M
YoY Change 1.92% 10.8% 90.87%
Net Earnings / Revenue 10.2% 9.63% 9.33%
Basic Earnings Per Share $1.11 $1.01
Diluted Earnings Per Share $1.20 $1.11 $1.00
COMMON SHARES
Basic Shares Outstanding 27.51M shares 27.45M shares 27.41M shares
Diluted Shares Outstanding 27.55M shares 27.46M shares

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $196.3M $187.4M $187.3M
YoY Change -4.62% 0.05% 50.08%
Cash & Equivalents $196.3M $187.4M $187.3M
Short-Term Investments
Other Short-Term Assets $10.52M $5.640M $11.84M
YoY Change 13.05% -52.36% -25.45%
Inventory $86.07M $93.12M $88.11M
Prepaid Expenses
Receivables $75.70M $81.20M $76.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $368.6M $367.3M $364.0M
YoY Change -2.72% 0.9% 23.26%
LONG-TERM ASSETS
Property, Plant & Equipment $247.0M $224.5M $187.4M
YoY Change 29.47% 19.79% 3.87%
Goodwill $208.4M $210.4M $168.0M
YoY Change 24.01% 25.23% 1.89%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.14M $12.50M $9.925M
YoY Change 5.13% 25.96% 31.96%
Total Long-Term Assets $536.8M $519.0M $422.6M
YoY Change 26.13% 22.82% 1.41%
TOTAL ASSETS
Total Short-Term Assets $368.6M $367.3M $364.0M
Total Long-Term Assets $536.8M $519.0M $422.6M
Total Assets $905.4M $886.3M $786.6M
YoY Change 12.54% 12.68% 10.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $76.67M $70.39M $58.19M
YoY Change 32.24% 20.97% 39.07%
Accrued Expenses $43.04M $38.41M $36.33M
YoY Change 20.25% 5.72% -28.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $119.7M $108.8M $94.52M
YoY Change 27.66% 15.11% 2.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $35.94M $42.46M $43.45M
YoY Change -13.69% -2.26% 0.23%
Total Long-Term Liabilities $35.94M $42.46M $43.45M
YoY Change -13.69% -2.26% 0.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $119.7M $108.8M $94.52M
Total Long-Term Liabilities $35.94M $42.46M $43.45M
Total Liabilities $155.6M $151.3M $138.0M
YoY Change 14.95% 9.64% 1.7%
SHAREHOLDERS EQUITY
Retained Earnings $1.360B $1.345B $1.263B
YoY Change 6.29% 6.43% 5.88%
Common Stock $122.8M $121.6M $118.1M
YoY Change 3.03% 2.93% 3.65%
Preferred Stock
YoY Change
Treasury Stock (at cost) $745.4M $743.1M $738.0M
YoY Change 1.0% 0.68% 0.15%
Treasury Stock Shares
Shareholders Equity $726.9M $715.0M $632.9M
YoY Change
Total Liabilities & Shareholders Equity $905.4M $886.3M $786.6M
YoY Change 12.54% 12.68% 10.47%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $33.01M $30.60M $27.62M
YoY Change 1.92% 10.8% 90.87%
Depreciation, Depletion And Amortization $9.100M $8.200M $6.900M
YoY Change 30.0% 18.84% 6.15%
Cash From Operating Activities $54.20M $30.20M $32.80M
YoY Change 23.46% -7.93% 11.95%
INVESTING ACTIVITIES
Capital Expenditures -$26.90M -$16.10M -$7.300M
YoY Change 220.24% 120.55% -12.05%
Acquisitions
YoY Change
Other Investing Activities $2.100M $400.0K -$100.0K
YoY Change -500.0%
Cash From Investing Activities -$24.80M -$15.60M -$7.300M
YoY Change 188.37% 113.7% -12.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.50M -21.70M -17.00M
YoY Change 21.3% 27.65% 14.86%
NET CHANGE
Cash From Operating Activities 54.20M 30.20M 32.80M
Cash From Investing Activities -24.80M -15.60M -7.300M
Cash From Financing Activities -20.50M -21.70M -17.00M
Net Change In Cash 8.900M -7.100M 8.500M
YoY Change -51.63% -183.53% 37.1%
FREE CASH FLOW
Cash From Operating Activities $54.20M $30.20M $32.80M
Capital Expenditures -$26.90M -$16.10M -$7.300M
Free Cash Flow $81.10M $46.30M $40.10M
YoY Change 55.07% 15.46% 6.65%

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CY2019Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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CY2018Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2017Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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CY2017Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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CY2018Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
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CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
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CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2018Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
58000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
206000 USD
CY2019Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
52000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
212000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
36000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
592000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1102000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5032000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
48044000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
52244000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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552000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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2209000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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318000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
57540000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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22561000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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43966000 USD
CY2018Q2 us-gaap Preferred Stock Shares Authorized
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3050000 shares
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3050000 shares
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2018Q2 us-gaap Preferred Stock Value Outstanding
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CY2019Q1 us-gaap Preferred Stock Value Outstanding
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us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
us-gaap Proceeds From Payments For Other Financing Activities
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CY2018Q2 us-gaap Treasury Stock Value
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738034000 USD
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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27549000 shares
CY2019Q1 us-gaap Treasury Stock Value
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743066000 USD
CY2017Q3 us-gaap Treasury Stock Value Acquired Cost Method
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849000 USD
CY2017Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4000 USD
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
249000 USD
CY2018Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1593000 USD
CY2018Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
166000 USD
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
3273000 USD
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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27458000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27456000 shares
CY2018Q2 us-gaap Property Plant And Equipment Gross
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425727000 USD
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PropertyPlantAndEquipmentGross
473558000 USD
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190813000 USD
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72960000 USD
CY2019Q1 us-gaap Receivables Net Current
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81156000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
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1279343000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
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1344638000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2018Q1 us-gaap Selling General And Administrative Expense
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us-gaap Selling General And Administrative Expense
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CY2019Q1 us-gaap Selling General And Administrative Expense
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us-gaap Selling General And Administrative Expense
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us-gaap Share Based Compensation
ShareBasedCompensation
3484000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
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CY2017Q2 us-gaap Stockholders Equity
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CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
590546000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
674019000 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
704771000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
715008000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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27543000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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27405000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27399000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27448000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27436000 shares

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