2018 Q2 Form 10-Q Financial Statement

#000005836118000025 Filed on August 03, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $132.6M $139.4M
YoY Change -4.83% -7.68%
Cost Of Revenue $6.400M $6.100M
YoY Change 4.92% -7.58%
Gross Profit $126.2M $133.2M
YoY Change -5.26% -7.69%
Gross Profit Margin 95.16% 95.58%
Selling, General & Admin $48.60M $51.60M
YoY Change -5.81% -9.79%
% of Gross Profit 38.51% 38.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.606M $4.011M
YoY Change -10.1% -7.22%
% of Gross Profit 2.86% 3.01%
Operating Expenses $114.0M $120.4M
YoY Change -5.29% -6.02%
Operating Profit $20.16M $20.56M
YoY Change -1.98% -16.6%
Interest Expense $12.91M $14.33M
YoY Change -9.89% -9.2%
% of Operating Profit 64.07% 69.69%
Other Income/Expense, Net -$13.43M -$12.43M
YoY Change 8.04% -27.93%
Pretax Income $6.722M $8.130M
YoY Change -17.32% 9.81%
Income Tax $1.972M $1.843M
% Of Pretax Income 29.34% 22.67%
Net Earnings $4.458M $5.995M
YoY Change -25.64% 46.51%
Net Earnings / Revenue 3.36% 4.3%
Basic Earnings Per Share $0.08 $0.11
Diluted Earnings Per Share $0.08 $0.11
COMMON SHARES
Basic Shares Outstanding 54.78M 54.15M shares
Diluted Shares Outstanding 56.08M 55.46M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.00M $25.00M
YoY Change -36.0% 14.16%
Cash & Equivalents $16.03M $24.97M
Short-Term Investments
Other Short-Term Assets $5.608M $5.359M
YoY Change 4.65% -22.86%
Inventory $5.145M $3.695M
Prepaid Expenses
Receivables $46.00M $48.80M
Other Receivables $200.0K $0.00
Total Short-Term Assets $72.99M $82.79M
YoY Change -11.84% -4.1%
LONG-TERM ASSETS
Property, Plant & Equipment $104.6M $118.1M
YoY Change -11.41% -12.13%
Goodwill $246.4M $244.0M
YoY Change 1.0% 0.1%
Intangibles $124.0M $139.5M
YoY Change -11.11% -16.06%
Long-Term Investments $27.88M $29.37M
YoY Change -5.08% -4.41%
Other Assets $2.814M $1.660M
YoY Change 69.52% -94.37%
Total Long-Term Assets $531.8M $558.2M
YoY Change -4.73% -11.24%
TOTAL ASSETS
Total Short-Term Assets $72.99M $82.79M
Total Long-Term Assets $531.8M $558.2M
Total Assets $604.8M $641.0M
YoY Change -5.65% -10.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $17.76M $15.11M
YoY Change 17.49% -2.17%
Accrued Expenses $19.03M $20.71M
YoY Change -8.09% -8.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $18.00M $32.14M
YoY Change -43.99% 3.7%
Total Short-Term Liabilities $92.39M $107.5M
YoY Change -14.08% -3.27%
LONG-TERM LIABILITIES
Long-Term Debt $463.5M $513.2M
YoY Change -9.69% -15.77%
Other Long-Term Liabilities $11.01M $9.606M
YoY Change 14.62% 2.66%
Total Long-Term Liabilities $474.5M $522.8M
YoY Change -9.24% -15.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $92.39M $107.5M
Total Long-Term Liabilities $474.5M $522.8M
Total Liabilities $653.1M $741.7M
YoY Change -11.94% -11.43%
SHAREHOLDERS EQUITY
Retained Earnings -$286.8M -$331.7M
YoY Change -13.53% -6.93%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$49.34M -$101.6M
YoY Change
Total Liabilities & Shareholders Equity $604.8M $641.0M
YoY Change -5.65% -10.38%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $4.458M $5.995M
YoY Change -25.64% 46.51%
Depreciation, Depletion And Amortization $3.606M $4.011M
YoY Change -10.1% -7.22%
Cash From Operating Activities $21.90M $26.00M
YoY Change -15.77% 7.44%
INVESTING ACTIVITIES
Capital Expenditures -$1.800M -$1.100M
YoY Change 63.64% -56.0%
Acquisitions
YoY Change
Other Investing Activities $700.0K $700.0K
YoY Change 0.0% 250.0%
Cash From Investing Activities -$1.200M -$500.0K
YoY Change 140.0% -78.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.00M -16.60M
YoY Change 2.41% 0.0%
NET CHANGE
Cash From Operating Activities 21.90M 26.00M
Cash From Investing Activities -1.200M -500.0K
Cash From Financing Activities -17.00M -16.60M
Net Change In Cash 3.700M 8.900M
YoY Change -58.43% 67.92%
FREE CASH FLOW
Cash From Operating Activities $21.90M $26.00M
Capital Expenditures -$1.800M -$1.100M
Free Cash Flow $23.70M $27.10M
YoY Change -12.55% 1.5%

Facts In Submission

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us-gaap Labor And Related Expense
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0 USD
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CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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0 USD
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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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24296000 USD
CY2018Q2 us-gaap Net Income Loss
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4458000 USD
us-gaap Net Income Loss
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292000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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292000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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911000 USD
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27000 USD
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18000 USD
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CY2017Q3 us-gaap Other Liabilities Noncurrent
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CY2017Q2 us-gaap Other Nonoperating Income Expense
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3336000 USD
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us-gaap Other Operating Activities Cash Flow Statement
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-801000 USD
us-gaap Other Operating Activities Cash Flow Statement
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162000 USD
CY2017Q2 us-gaap Other Sales Revenue Net
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10698000 USD
us-gaap Other Sales Revenue Net
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33610000 USD
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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371000 USD
us-gaap Payments Of Financing Costs
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432000 USD
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3232000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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4281000 USD
us-gaap Pension Contributions
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0 USD
us-gaap Pension Contributions
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780000 USD
CY2017Q3 us-gaap Postemployment Benefits Liability Noncurrent
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5004000 USD
CY2018Q2 us-gaap Postemployment Benefits Liability Noncurrent
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2973000 USD
CY2017Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
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0
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2017Q3 us-gaap Preferred Stock Shares Authorized
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500000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
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500000 shares
CY2017Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Issued
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0 shares
CY2017Q3 us-gaap Preferred Stock Value
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0 USD
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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1830000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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3117000 USD
CY2017Q2 us-gaap Profit Loss
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6287000 USD
us-gaap Profit Loss
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25105000 USD
CY2018Q2 us-gaap Profit Loss
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4750000 USD
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CY2017Q3 us-gaap Property Plant And Equipment Gross
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us-gaap Repayments Of Long Term Debt
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4150000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
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404208000 USD
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CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q2 us-gaap Subscription Revenue
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47410000 USD
us-gaap Subscription Revenue
SubscriptionRevenue
141306000 USD
CY2018Q2 us-gaap Subscription Revenue
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48165000 USD
us-gaap Subscription Revenue
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142405000 USD
CY2017Q3 us-gaap Taxes Payable Current
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183000 USD
CY2018Q2 us-gaap Taxes Payable Current
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0 USD
CY2018Q2 us-gaap Unamortized Debt Issuance Expense
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18301000 USD
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1302000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1492000 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1302000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1305000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55455000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55402000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55903000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54153000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53910000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54778000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54598000 shares

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