2015 Q3 Form 10-Q Financial Statement

#000005836115000019 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $156.1M $158.7M $164.2M
YoY Change -4.34% -3.37% -1.68%
Cost Of Revenue $6.300M $7.400M $9.200M
YoY Change -29.21% -19.57% -12.38%
Gross Profit $153.0M $151.3M $153.9M
YoY Change -2.8% -1.69% -1.66%
Gross Profit Margin 98.01% 95.35% 93.72%
Selling, General & Admin $57.40M $58.40M $60.30M
YoY Change -6.67% -3.15% -3.21%
% of Gross Profit 37.52% 38.6% 39.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.10M $4.559M $5.293M
YoY Change 2.78% -13.87% -0.64%
% of Gross Profit 7.25% 3.01% 3.44%
Operating Expenses $127.2M $135.5M $136.4M
YoY Change -5.99% -0.6% -3.96%
Operating Profit $25.80M $24.85M $28.61M
YoY Change 16.74% -13.16% 6.2%
Interest Expense -$16.40M $18.12M $19.65M
YoY Change -7.87% -7.8% -10.63%
% of Operating Profit -63.57% 72.94% 68.7%
Other Income/Expense, Net $6.100M -$20.57M -$43.00M
YoY Change 29.79% -52.17% 97.21%
Pretax Income $14.40M $4.276M -$14.39M
YoY Change 152.63% -129.71% -380.4%
Income Tax $4.200M $2.141M -$4.882M
% Of Pretax Income 29.17% 50.07%
Net Earnings $9.881M $1.882M -$9.746M
YoY Change 212.49% -119.31% -642.95%
Net Earnings / Revenue 6.33% 1.19% -5.94%
Basic Earnings Per Share $0.18 $0.04 -$0.19
Diluted Earnings Per Share $0.18 $0.03 -$0.19
COMMON SHARES
Basic Shares Outstanding 54.55M shares 52.60M shares 52.34M shares
Diluted Shares Outstanding 54.06M shares 52.34M shares

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.10M $18.90M $17.80M
YoY Change -33.53% 6.18% 53.45%
Cash & Equivalents $11.13M $18.90M $17.76M
Short-Term Investments
Other Short-Term Assets $8.304M $9.275M $9.237M
YoY Change -3.27% 0.41% 48.53%
Inventory $3.914M $4.737M $6.300M
Prepaid Expenses
Receivables $58.90M $57.70M $61.60M
Other Receivables $400.0K $100.0K $0.00
Total Short-Term Assets $82.66M $91.91M $96.91M
YoY Change -14.01% -5.17% 9.14%
LONG-TERM ASSETS
Property, Plant & Equipment $143.8M $148.5M $160.9M
YoY Change -8.64% -7.68% -7.9%
Goodwill $243.7M $243.7M $243.7M
YoY Change 0.0% 0.0% 0.0%
Intangibles $186.0M $192.4M $221.5M
YoY Change -12.55% -13.14% -47.06%
Long-Term Investments $35.07M $35.79M $38.18M
YoY Change -7.2% -6.26% -6.17%
Other Assets $34.13M $34.89M $39.81M
YoY Change -12.03% -12.36% 940.19%
Total Long-Term Assets $665.2M $680.7M $731.3M
YoY Change -6.99% -6.91% -18.77%
TOTAL ASSETS
Total Short-Term Assets $82.66M $91.91M $96.91M
Total Long-Term Assets $665.2M $680.7M $731.3M
Total Assets $747.8M $772.6M $828.2M
YoY Change -7.82% -6.71% -16.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $20.11M $18.53M $22.12M
YoY Change -26.18% -16.21% 19.55%
Accrued Expenses $27.06M $24.11M $26.05M
YoY Change 11.12% -7.43% -26.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $25.00M $32.90M $29.40M
YoY Change -20.38% 11.9% 75.26%
Total Short-Term Liabilities $105.3M $120.0M $122.9M
YoY Change -11.31% -2.32% 22.08%
LONG-TERM LIABILITIES
Long-Term Debt $700.9M $712.1M $785.6M
YoY Change -9.37% -9.36% -7.29%
Other Long-Term Liabilities $9.680M $16.52M $21.86M
YoY Change -40.86% -24.43% 237.84%
Total Long-Term Liabilities $710.6M $728.6M $807.5M
YoY Change -10.02% -9.76% -5.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $105.3M $120.0M $122.9M
Total Long-Term Liabilities $710.6M $728.6M $807.5M
Total Liabilities $906.4M $935.1M $993.2M
YoY Change -8.33% -5.85% -9.02%
SHAREHOLDERS EQUITY
Retained Earnings -$391.0M -$400.8M -$417.4M
YoY Change -5.63% -3.98% 25.59%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$128.5M -$163.3M -$165.7M
YoY Change
Total Liabilities & Shareholders Equity $747.8M $772.6M $828.2M
YoY Change -7.82% -6.71% -16.26%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $9.881M $1.882M -$9.746M
YoY Change 212.49% -119.31% -642.95%
Depreciation, Depletion And Amortization $11.10M $4.559M $5.293M
YoY Change 2.78% -13.87% -0.64%
Cash From Operating Activities $8.400M $26.60M $34.90M
YoY Change -32.8% -23.78% 223.15%
INVESTING ACTIVITIES
Capital Expenditures -$2.000M -$2.000M -$3.300M
YoY Change -63.64% -39.39% 57.14%
Acquisitions
YoY Change
Other Investing Activities $5.700M $2.500M $300.0K
YoY Change 137.5% 733.33% -57.14%
Cash From Investing Activities $3.700M $400.0K -$3.000M
YoY Change -219.35% -113.33% 114.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.80M -19.50M -29.00M
YoY Change 90.38% -32.76% 43.56%
NET CHANGE
Cash From Operating Activities 8.400M 26.60M 34.90M
Cash From Investing Activities 3.700M 400.0K -3.000M
Cash From Financing Activities -19.80M -19.50M -29.00M
Net Change In Cash -7.700M 7.500M 2.900M
YoY Change 670.0% 158.62% -126.85%
FREE CASH FLOW
Cash From Operating Activities $8.400M $26.60M $34.90M
Capital Expenditures -$2.000M -$2.000M -$3.300M
Free Cash Flow $10.40M $28.60M $38.20M
YoY Change -42.22% -25.13% 196.12%

Facts In Submission

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us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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CY2014Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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us-gaap Income Taxes Paid
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us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Receivables
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-4631000 USD
us-gaap Increase Decrease In Restricted Cash
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0 USD
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-441000 USD
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25102000 USD
CY2015Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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25102000 USD
CY2014Q3 us-gaap Intangible Assets Net Excluding Goodwill
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us-gaap Interest Expense
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InterestIncomeDepositsWithFinancialInstitutions
85000 USD
us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
306000 USD
CY2015Q2 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
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us-gaap Labor And Related Expense
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181543000 USD
CY2015Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
58442000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
181615000 USD
CY2014Q3 us-gaap Land
Land
23645000 USD
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Land
23211000 USD
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CY2014Q3 us-gaap Liabilities And Stockholders Equity
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32900000 USD
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550000000 USD
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105850000 USD
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25000000 USD
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25000000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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25000000 USD
CY2015Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
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CY2015Q2 us-gaap Long Term Debt Noncurrent
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CY2015Q2 us-gaap Long Term Investments
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MachineryAndEquipmentGross
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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253000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
749000 USD
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CY2015Q2 us-gaap Nonoperating Income Expense
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us-gaap Operating Expenses
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408420000 USD
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us-gaap Operating Expenses
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412768000 USD
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us-gaap Operating Income Loss
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CY2014Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
38796000 USD
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34887000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-441000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1324000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-192000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-576000 USD
CY2014Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
53840000 USD
us-gaap Other Cost And Expense Operating
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161708000 USD
CY2015Q2 us-gaap Other Cost And Expense Operating
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55405000 USD
us-gaap Other Cost And Expense Operating
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16519000 USD
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-1701000 USD
us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2014Q2 us-gaap Other Sales Revenue Net
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9502000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
28465000 USD
CY2015Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
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us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
29693000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
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323000 USD
us-gaap Payments Of Financing Costs
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31276000 USD
us-gaap Payments Of Financing Costs
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477000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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8204000 USD
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7686000 USD
CY2014Q3 us-gaap Postemployment Benefits Liability Noncurrent
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CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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0
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0
CY2014Q3 us-gaap Preferred Stock Shares Authorized
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CY2015Q2 us-gaap Preferred Stock Shares Authorized
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500000 shares
CY2014Q3 us-gaap Preferred Stock Shares Issued
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CY2015Q2 us-gaap Preferred Stock Shares Issued
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0 shares
CY2014Q3 us-gaap Preferred Stock Value
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CY2015Q2 us-gaap Preferred Stock Value
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236000 USD
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800000000 USD
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5000000 USD
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2192000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3341000 USD
CY2014Q2 us-gaap Profit Loss
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-9511000 USD
us-gaap Profit Loss
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4295000 USD
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2135000 USD
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14184000 USD
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500972000 USD
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157371000 USD
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148515000 USD
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us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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1908000 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
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CY2014Q2 us-gaap Revenues
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us-gaap Revenues
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494603000 USD
CY2015Q2 us-gaap Revenues
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489229000 USD
CY2014Q3 us-gaap Stockholders Equity
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CY2014Q2 us-gaap Subscription Revenue
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43339000 USD
us-gaap Subscription Revenue
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130744000 USD
CY2015Q2 us-gaap Subscription Revenue
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47394000 USD
us-gaap Subscription Revenue
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CY2015Q2 us-gaap Unamortized Debt Issuance Expense
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CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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WeightedAverageNumberOfDilutedSharesOutstanding
54056000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52597000 shares

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