2024 Q3 Form 10-Q Financial Statement

#000088933124000161 Filed on July 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $567.4M $558.5M
YoY Change -7.29% -8.41%
Cost Of Revenue $351.5M $351.5M
YoY Change -6.81% -3.66%
Gross Profit $215.9M $207.0M
YoY Change -8.07% -15.49%
Gross Profit Margin 38.05% 37.07%
Selling, General & Admin $83.90M $93.37M
YoY Change -7.44% 5.73%
% of Gross Profit 38.86% 45.11%
Research & Development $26.47M $27.15M
YoY Change 8.06% -0.53%
% of Gross Profit 12.26% 13.11%
Depreciation & Amortization $33.17M $32.78M
YoY Change -4.94% -4.94%
% of Gross Profit 15.36% 15.84%
Operating Expenses $128.1M $141.5M
YoY Change -2.99% 5.35%
Operating Profit $87.82M $65.51M
YoY Change -14.58% -40.79%
Interest Expense -$19.40M -$9.660M
YoY Change 124.25% -200.15%
% of Operating Profit -22.09% -14.75%
Other Income/Expense, Net $9.297M $5.298M
YoY Change 353.51% -15.0%
Pretax Income $77.72M $61.14M
YoY Change -9.05% -43.85%
Income Tax $19.66M $15.68M
% Of Pretax Income 25.29% 25.64%
Net Earnings $58.06M $45.47M
YoY Change -17.14% -48.77%
Net Earnings / Revenue 10.23% 8.14%
Basic Earnings Per Share $2.34 $1.83
Diluted Earnings Per Share $2.32 $1.82
COMMON SHARES
Basic Shares Outstanding 24.79M shares 24.78M shares
Diluted Shares Outstanding 25.03M shares 25.03M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $630.7M $562.7M
YoY Change 31.17% 32.34%
Cash & Equivalents $629.7M $561.7M
Short-Term Investments $1.011M $971.0K
Other Short-Term Assets $132.5M $125.7M
YoY Change 46.71% 45.96%
Inventory $453.8M $451.2M
Prepaid Expenses
Receivables $338.8M $318.0M
Other Receivables $6.793M $6.413M
Total Short-Term Assets $1.563B $1.464B
YoY Change 8.41% 4.45%
LONG-TERM ASSETS
Property, Plant & Equipment $481.6M $472.5M
YoY Change -10.48% -4.03%
Goodwill $1.318B $1.288B
YoY Change 2.22% -0.11%
Intangibles $561.0M $566.0M
YoY Change -10.72% -12.51%
Long-Term Investments $26.61M $22.90M
YoY Change 5.38% -13.83%
Other Assets $40.55M $41.25M
YoY Change -40.77% 19.13%
Total Long-Term Assets $2.500B $2.461B
YoY Change -1.37% -3.87%
TOTAL ASSETS
Total Short-Term Assets $1.563B $1.464B
Total Long-Term Assets $2.500B $2.461B
Total Assets $4.062B $3.925B
YoY Change 2.18% -0.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $179.5M $176.1M
YoY Change 3.54% -7.97%
Accrued Expenses $152.8M $135.2M
YoY Change 9.09% -8.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $67.80M $67.68M
YoY Change -50.67% -50.93%
Total Short-Term Liabilities $439.9M $418.2M
YoY Change -11.26% -19.52%
LONG-TERM LIABILITIES
Long-Term Debt $799.9M $795.8M
YoY Change -7.44% -8.2%
Other Long-Term Liabilities $70.33M $67.87M
YoY Change -54.46% -19.93%
Total Long-Term Liabilities $870.3M $863.7M
YoY Change -14.57% -9.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $439.9M $418.2M
Total Long-Term Liabilities $870.3M $863.7M
Total Liabilities $1.489B $1.459B
YoY Change -8.01% -0.8%
SHAREHOLDERS EQUITY
Retained Earnings $1.885B $1.844B
YoY Change 9.94% 11.15%
Common Stock $262.0K $262.0K
YoY Change 0.38% 0.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.573B $2.465B
YoY Change
Total Liabilities & Shareholders Equity $4.062B $3.925B
YoY Change 2.18% -0.93%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $58.06M $45.47M
YoY Change -17.14% -48.77%
Depreciation, Depletion And Amortization $33.17M $32.78M
YoY Change -4.94% -4.94%
Cash From Operating Activities $80.43M $69.42M
YoY Change -18.12% 29.99%
INVESTING ACTIVITIES
Capital Expenditures $15.39M $19.13M
YoY Change -2.81% -25.47%
Acquisitions
YoY Change
Other Investing Activities $934.0K $933.0K
YoY Change 23250.0% -100.59%
Cash From Investing Activities -$14.46M -$18.19M
YoY Change -8.68% -90.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.01M -45.77M
YoY Change -41.37% 275.04%
NET CHANGE
Cash From Operating Activities 80.43M 69.42M
Cash From Investing Activities -14.46M -18.19M
Cash From Financing Activities -12.01M -45.77M
Net Change In Cash 53.96M 5.460M
YoY Change -12.85% -103.97%
FREE CASH FLOW
Cash From Operating Activities $80.43M $69.42M
Capital Expenditures $15.39M $19.13M
Free Cash Flow $65.03M $50.30M
YoY Change -21.07% 81.3%

Facts In Submission

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695000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1565000 usd
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1387000 usd
CY2024Q2 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
975000 usd
CY2023Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
952000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1970000 usd
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1889000 usd
CY2024Q2 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
510000 usd
CY2023Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
470000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
1028000 usd
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
939000 usd
CY2024Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-46000 usd
CY2023Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-11000 usd
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-92000 usd
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-22000 usd
CY2024Q2 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1281000 usd
CY2023Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1188000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2599000 usd
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2359000 usd
CY2024Q2 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
2200000 usd
CY2024Q2 lfus Defined Benefit Plan Expected Direct Payments Next Fiscal Year
DefinedBenefitPlanExpectedDirectPaymentsNextFiscalYear
2100000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-21229000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-162000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-21067000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-13915000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
996000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-14911000 usd
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-51505000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
-147000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-51358000 usd
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
-1136000 usd
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
492000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1628000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-51358000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1628000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.256
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.196
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.180
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.183
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
45466000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
70071000 usd
us-gaap Net Income Loss
NetIncomeLoss
93918000 usd
us-gaap Net Income Loss
NetIncomeLoss
158816000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24822000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24839000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24867000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24810000 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
208000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
256000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
208000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
268000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25030000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25095000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25075000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25078000 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.83
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.78
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.40
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.82
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.75
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.33
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
141729 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
110598 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
129096 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
102283 shares
CY2024Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
109031 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
179311 shares
CY2024Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
24700000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
40900000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2023Q3 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2024Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
558489000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
611997000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1093874000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1221779000 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32780000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34892000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
65273000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
69374000 usd
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
65506000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
92053000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
120458000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
202694000 usd
CY2024Q2 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
9975000 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
10056000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
19586000 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
19702000 usd
CY2024Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
315000 usd
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1404000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
5357000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
3079000 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5298000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2050000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10619000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8283000 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
61144000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
85451000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
116848000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
194354000 usd
CY2024Q2 us-gaap Restructuring Charges
RestructuringCharges
5300000 usd
us-gaap Restructuring Charges
RestructuringCharges
7600000 usd
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
2900000 usd
us-gaap Restructuring Charges
RestructuringCharges
4800000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
558489000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
611997000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1093874000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1221779000 usd
CY2024Q2 us-gaap Noncurrent Assets
NoncurrentAssets
472537000 usd
CY2023Q4 us-gaap Noncurrent Assets
NoncurrentAssets
493153000 usd
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
33869000 usd
us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
39959000 usd
CY2024Q2 ecd Trd Arr Expiration Date
TrdArrExpirationDate
April 25, 2025
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false

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0000889331-24-000161.txt Edgar Link pending
0000889331-24-000161-xbrl.zip Edgar Link pending
ex311q22024.htm Edgar Link pending
ex312q22024.htm Edgar Link pending
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