$LMAT
LEMAITRE VASCULAR INC

2013 Q4 Form 10-Q Financial Statement

#000119312513432578 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $17.92M $15.30M $13.65M
YoY Change 21.05% 12.13% -6.28%
Cost Of Revenue $5.960M $4.584M $3.630M
YoY Change 36.7% 26.28% -17.12%
Gross Profit $11.96M $10.72M $10.02M
YoY Change 14.54% 7.0% -1.62%
Gross Profit Margin 66.73% 70.04% 73.4%
Selling, General & Admin $9.020M $8.487M $7.803M
YoY Change 10.0% 8.77% 3.21%
% of Gross Profit 75.44% 79.2% 77.91%
Research & Development $1.400M $1.300M $1.261M
YoY Change -10.26% 3.09% 30.0%
% of Gross Profit 11.71% 12.13% 12.59%
Depreciation & Amortization $820.0K $720.0K $520.0K
YoY Change 36.67% 38.46% 0.0%
% of Gross Profit 6.86% 6.72% 5.19%
Operating Expenses $10.78M $9.940M $9.014M
YoY Change 10.45% 10.27% 5.67%
Operating Profit $1.176M $776.0K $1.001M
YoY Change 73.45% -22.48% -39.33%
Interest Expense -$70.00K $6.000K $50.00K
YoY Change -12.5% -88.0% -200.0%
% of Operating Profit -5.95% 0.77% 5.0%
Other Income/Expense, Net
YoY Change
Pretax Income $1.100M $785.0K $1.055M
YoY Change 27.91% -25.59% -45.9%
Income Tax $350.0K $64.00K $392.0K
% Of Pretax Income 31.82% 8.15% 37.16%
Net Earnings $746.0K $721.0K $663.0K
YoY Change 6.88% 8.75% -45.21%
Net Earnings / Revenue 4.16% 4.71% 4.86%
Basic Earnings Per Share $0.05 $0.05 $0.04
Diluted Earnings Per Share $0.05 $0.05 $0.04
COMMON SHARES
Basic Shares Outstanding 15.42M shares 15.34M shares 15.13M shares
Diluted Shares Outstanding 15.78M shares 15.61M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.70M $13.60M $20.60M
YoY Change -10.37% -33.98% -10.82%
Cash & Equivalents $14.71M $13.63M $20.64M
Short-Term Investments
Other Short-Term Assets $3.200M $3.100M $2.900M
YoY Change 14.29% 6.9% -21.62%
Inventory $13.26M $13.08M $10.10M
Prepaid Expenses
Receivables $10.59M $9.273M $8.500M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $41.73M $39.04M $42.20M
YoY Change 6.63% -7.49% -1.63%
LONG-TERM ASSETS
Property, Plant & Equipment $5.810M $5.984M $4.500M
YoY Change 27.86% 32.98% 2.27%
Goodwill $15.03M $15.03M
YoY Change 9.32%
Intangibles $6.144M $6.127M
YoY Change 18.36%
Long-Term Investments
YoY Change
Other Assets $167.0K $158.0K $200.0K
YoY Change -2.91% -21.0% -66.67%
Total Long-Term Assets $28.77M $27.56M $19.00M
YoY Change 20.22% 45.04% -5.47%
TOTAL ASSETS
Total Short-Term Assets $41.73M $39.04M $42.20M
Total Long-Term Assets $28.77M $27.56M $19.00M
Total Assets $70.49M $66.60M $61.20M
YoY Change 11.79% 8.82% -2.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.235M $748.0K $900.0K
YoY Change 16.51% -16.89% -30.77%
Accrued Expenses $7.993M $7.409M $5.700M
YoY Change 17.94% 29.98% -12.31%
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 $10.22M $9.288M $8.200M
YoY Change 21.75% 13.27% -17.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $249.0K $243.0K $100.0K
YoY Change 137.14% 143.0% 0.0%
Total Long-Term Liabilities $249.0K $243.0K $100.0K
YoY Change 137.14% 143.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.22M $9.288M $8.200M
Total Long-Term Liabilities $249.0K $243.0K $100.0K
Total Liabilities $13.93M $11.20M $9.300M
YoY Change 36.94% 20.47% -10.58%
SHAREHOLDERS EQUITY
Retained Earnings -$667.0K -$1.413M
YoY Change -82.76%
Common Stock $170.0K $168.0K
YoY Change 3.03%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.042M $8.003M
YoY Change 4.86%
Treasury Stock Shares 1.380M shares 1.375M shares
Shareholders Equity $56.56M $55.39M $51.90M
YoY Change
Total Liabilities & Shareholders Equity $70.49M $66.60M $61.20M
YoY Change 11.79% 8.82% -2.86%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $746.0K $721.0K $663.0K
YoY Change 6.88% 8.75% -45.21%
Depreciation, Depletion And Amortization $820.0K $720.0K $520.0K
YoY Change 36.67% 38.46% 0.0%
Cash From Operating Activities $1.360M $2.390M $1.870M
YoY Change 223.81% 27.81% -21.1%
INVESTING ACTIVITIES
Capital Expenditures -$320.0K -$400.0K -$250.0K
YoY Change -25.58% 60.0% -62.69%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$3.180M $90.00K
YoY Change -100.0% -3633.33% -93.08%
Cash From Investing Activities -$320.0K -$3.580M -$150.0K
YoY Change -92.94% 2286.67% -123.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 50.00K -180.0K -1.260M
YoY Change -183.33% -85.71% 2.44%
NET CHANGE
Cash From Operating Activities 1.360M 2.390M 1.870M
Cash From Investing Activities -320.0K -3.580M -150.0K
Cash From Financing Activities 50.00K -180.0K -1.260M
Net Change In Cash 1.090M -1.370M 460.0K
YoY Change -126.14% -397.83% -74.01%
FREE CASH FLOW
Cash From Operating Activities $1.360M $2.390M $1.870M
Capital Expenditures -$320.0K -$400.0K -$250.0K
Free Cash Flow $1.680M $2.790M $2.120M
YoY Change 97.65% 31.6% -30.26%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
15416169 shares
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-500000
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20639000
CY2013Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
16794467 shares
CY2013Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2013Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2013Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
37000000 shares
CY2013Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
1375155 shares
CY2013Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2013Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
7409000
CY2013Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1564000
CY2013Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
64983000
CY2013Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
748000
CY2013Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
530000
CY2013Q3 us-gaap Liabilities Current
LiabilitiesCurrent
9288000
CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-343000
CY2013Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
130000
CY2013Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4210000
CY2013Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
35000
CY2013Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
243000
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
55392000
CY2013Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
253000
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1413000
CY2013Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4376000
CY2013Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
1045000
CY2013Q3 us-gaap Common Stock Value
CommonStockValue
168000
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
66596000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
445000 shares
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20132000
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
16539621 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2013Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1673000
CY2013Q3 us-gaap Liabilities
Liabilities
11204000
CY2013Q3 us-gaap Recorded Unconditional Purchase Obligation
RecordedUnconditionalPurchaseObligation
3600000
CY2013Q3 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
600000
CY2013Q3 us-gaap Assets Current
AssetsCurrent
39038000
CY2013Q3 us-gaap Goodwill
Goodwill
15031000
CY2013Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6127000
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
158000
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1224000
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
446000
CY2013Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
2525000
CY2013Q3 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
258000
CY2013Q3 us-gaap Assets
Assets
66596000
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13626000
CY2013Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
3223000
CY2013Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9273000
CY2013Q3 us-gaap Inventory Net
InventoryNet
13082000
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
963000
CY2013Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10503000
CY2013Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3057000
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
817000
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
559000
CY2013Q3 us-gaap Treasury Stock Value
TreasuryStockValue
8003000
CY2013Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
7334000
CY2013Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
356000
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5984000
CY2013Q3 lmat Acquisition Related Obligations
AcquisitionRelatedObligations
1131000
CY2013Q3 lmat Purchase Commitments Inventory Expire Year
PurchaseCommitmentsInventoryExpireYear
2015
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-606000
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
37000000 shares
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1323537 shares
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2012Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6777000
CY2012Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1433000
dei Entity Central Index Key
EntityCentralIndexKey
0001158895
CY2012Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
64694000
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1060000
CY2012Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
521000
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
8394000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-433000
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
321000
CY2012Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
3860000
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
105000
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
52888000
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
326000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-3869000
CY2012Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3504000
CY2012Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
963000
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
165000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
63060000
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1673000
CY2012Q4 us-gaap Liabilities
Liabilities
10172000
CY2012Q4 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
700000
CY2012Q4 us-gaap Assets Current
AssetsCurrent
39131000
CY2012Q4 us-gaap Goodwill
Goodwill
13749000
CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5191000
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
172000
CY2012Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2084000
CY2012Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
273000
CY2012Q4 us-gaap Assets
Assets
63060000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16448000
CY2012Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
2471000
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9048000
CY2012Q4 us-gaap Inventory Net
InventoryNet
10859000
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
8695000
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2776000
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
7669000
CY2012Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6304000
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4544000
CY2012Q4 lmat Acquisition Related Obligations
AcquisitionRelatedObligations
557000
dei Entity Registrant Name
EntityRegistrantName
LEMAITRE VASCULAR INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 Segment
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016 pure
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.090
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15707000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.579 pure
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y7M6D
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-83000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3230000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
90000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-63000
us-gaap Net Income Loss
NetIncomeLoss
2456000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1943000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4032000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.00
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.018 pure
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15262000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
255000 shares
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P7Y8M12D
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
438000 shares
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-102000
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
255000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases
35000
us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2546000
us-gaap Gross Profit
GrossProfit
33159000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-37000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
755000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1374000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
3291000
us-gaap Investment Income Interest
InvestmentIncomeInterest
4000
us-gaap Operating Income Loss
OperatingIncomeLoss
3346000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
141000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
273000
us-gaap Interest Expense
InterestExpense
18000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5870000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3841000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1974000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
857000
us-gaap Dividends Cash
DividendsCash
500000
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
191000
us-gaap Operating Expenses
OperatingExpenses
29813000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
774000
us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
3500000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
90000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
90000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
334000
us-gaap Sales Revenue Net
SalesRevenueNet
46633000
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2438000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
699000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
1282000
us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9231000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1009000
us-gaap Inventory Write Down
InventoryWriteDown
415000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
13474000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
13000
us-gaap Share Based Compensation
ShareBasedCompensation
967000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-51000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2822000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
16278000
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
463000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
25000
lmat Statute Of Limitation Expiration Period
StatuteOfLimitationExpirationPeriod
Until 2017
lmat Common Stock Repurchased For Restricted Stock Unit Tax Withholdings
CommonStockRepurchasedForRestrictedStockUnitTaxWithholdings
246000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.006 pure
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.075
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15654000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.618 pure
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
446000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M0D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.91
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.016 pure
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4295000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15208000 shares
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
119000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
559000 shares
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-240000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-63000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1979000
us-gaap Gross Profit
GrossProfit
30430000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
163000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1140000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
19000
us-gaap Investment Income Interest
InvestmentIncomeInterest
68000
us-gaap Operating Income Loss
OperatingIncomeLoss
3310000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
110000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-286000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3138000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
106000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
101000
us-gaap Net Income Loss
NetIncomeLoss
1873000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3078000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
106000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
106000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1985000
us-gaap Sales Revenue Net
SalesRevenueNet
41934000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
788000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
29000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8277000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3096000
us-gaap Inventory Write Down
InventoryWriteDown
947000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
11504000
us-gaap Share Based Compensation
ShareBasedCompensation
936000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
140000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
507000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
15310000
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
1594000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-667000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3531000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1633000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
677000
us-gaap Operating Expenses
OperatingExpenses
27120000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1265000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-25000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
250000
lmat Common Stock Repurchased For Restricted Stock Unit Tax Withholdings
CommonStockRepurchasedForRestrictedStockUnitTaxWithholdings
200000
lmat Gain Loss On Divestitures
GainLossOnDivestitures
-2000
lmat Loss On Divestitures
LossOnDivestitures
2000
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.025
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15605000 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
475000 shares
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15130000 shares
CY2012Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
523000 shares
CY2012Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
7000
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
781000
CY2012Q3 us-gaap Gross Profit
GrossProfit
10015000
CY2012Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
47000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1001000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1055000
CY2012Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
118000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
663000
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
118000
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
13645000
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2892000
CY2012Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
3630000
CY2012Q3 us-gaap Share Based Compensation
ShareBasedCompensation
406000
CY2012Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4911000
CY2012Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1261000
CY2013Q3 us-gaap Interest Expense
InterestExpense
6000
CY2012Q3 lmat Gain Loss On Divestitures
GainLossOnDivestitures
50000
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.030
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1300000
CY2013Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
323000
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
9940000
CY2012Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
199000
CY2012Q3 us-gaap Operating Expenses
OperatingExpenses
9014000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
392000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64000
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3282000
CY2013Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
4584000
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
412000
CY2013Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
5205000
CY2013Q3 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
153000
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15780000 shares
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
441000 shares
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15339000 shares
CY2013Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
395000 shares
CY2013Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
14000
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1031000
CY2013Q3 us-gaap Gross Profit
GrossProfit
10716000
CY2013Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
1000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
776000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
785000
CY2013Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
310000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
721000
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
310000
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
15300000

Files In Submission

Name View Source Status
0001193125-13-432578-index-headers.html Edgar Link pending
0001193125-13-432578-index.html Edgar Link pending
0001193125-13-432578.txt Edgar Link pending
0001193125-13-432578-xbrl.zip Edgar Link pending
d585595d10q.htm Edgar Link pending
d585595dex21.htm Edgar Link pending
d585595dex311.htm Edgar Link pending
d585595dex312.htm Edgar Link pending
d585595dex321.htm Edgar Link pending
d585595dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lmat-20130930.xml Edgar Link completed
lmat-20130930.xsd Edgar Link pending
lmat-20130930_cal.xml Edgar Link unprocessable
lmat-20130930_def.xml Edgar Link unprocessable
lmat-20130930_lab.xml Edgar Link unprocessable
lmat-20130930_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending