2018 Q1 Form 10-Q Financial Statement

#000143774918008757 Filed on May 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $34.98M $28.70M
YoY Change 21.87% -0.64%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $800.0K $700.0K
YoY Change 14.29% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $4.782M $3.195M
YoY Change 49.67% 6.25%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $13.43M $10.98M
YoY Change 22.3% -12.13%
Income Tax $2.552M $3.369M
% Of Pretax Income 19.0% 30.67%
Net Earnings $10.88M $7.615M
YoY Change 42.89% -10.93%
Net Earnings / Revenue 31.11% 26.53%
Basic Earnings Per Share $0.66 $0.46
Diluted Earnings Per Share $0.66 $0.46
COMMON SHARES
Basic Shares Outstanding 16.60M 16.43M
Diluted Shares Outstanding 16.60M 16.45M

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $46.30M $45.85M
YoY Change 0.99% -0.33%
Goodwill $49.47M $49.47M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $3.294B $3.019B
YoY Change 9.11% 3.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.90M $16.20M
YoY Change -8.02% -8.47%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $104.9M $126.7M
YoY Change -17.21% -21.93%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.90M $16.20M
YoY Change -8.02% -8.47%
LONG-TERM LIABILITIES
Long-Term Debt $45.70M $45.00M
YoY Change 1.56% 1.58%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $45.70M $45.00M
YoY Change 1.56% 1.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.90M $16.20M
Total Long-Term Liabilities $45.70M $45.00M
Total Liabilities $2.926B $2.671B
YoY Change 9.54% 3.22%
SHAREHOLDERS EQUITY
Retained Earnings $68.24M $45.60M
YoY Change 49.66%
Common Stock $310.6M $307.4M
YoY Change 1.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $368.3M $348.1M
YoY Change
Total Liabilities & Shareholders Equity $3.294B $3.019B
YoY Change 9.11% 3.17%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $10.88M $7.615M
YoY Change 42.89% -10.93%
Depreciation, Depletion And Amortization $800.0K $700.0K
YoY Change 14.29% 0.0%
Cash From Operating Activities $13.05M $7.971M
YoY Change 63.66% -20.84%
INVESTING ACTIVITIES
Capital Expenditures -$1.430M -$1.140M
YoY Change 25.44%
Acquisitions
YoY Change
Other Investing Activities -$1.030M -$63.94M
YoY Change -98.39% 404.66%
Cash From Investing Activities -$2.456M -$65.07M
YoY Change -96.23% 413.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 467.0K -73.52M
YoY Change -100.64% -629.29%
NET CHANGE
Cash From Operating Activities 13.05M 7.971M
Cash From Investing Activities -2.456M -65.07M
Cash From Financing Activities 467.0K -73.52M
Net Change In Cash 11.06M -130.6M
YoY Change -108.46% -1256.95%
FREE CASH FLOW
Cash From Operating Activities $13.05M $7.971M
Capital Expenditures -$1.430M -$1.140M
Free Cash Flow $14.48M $9.111M
YoY Change 58.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2017Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
118748000
CY2018Q1 us-gaap Servicing Asset
ServicingAsset
611000000
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
597000
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
476000
CY2018Q1 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0025
CY2017Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0016
CY2018Q1 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
108048000
CY2017 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
116587000
CY2018Q1 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
123046000
CY2017 us-gaap Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
142459000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
956419
CY2018Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
19500000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
365870000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
368340000
CY2018Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
164000
CY2017Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
1145000
CY2018Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
14000
CY2017Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
12000
CY2017Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
2000
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
54000
CY2017Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
248000
CY2015Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
20000000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
340811000
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
348050000
CY2018Q1 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
246703000
CY2017Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
258626000
CY2018Q1 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
252000000
CY2017Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
266000000
CY2018Q1 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
156053000
CY2017Q4 us-gaap Time Deposits Less Than100000
TimeDepositsLessThan100000
152294000
CY2018Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
232000
CY2017Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
97000
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
20.38
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16604325
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16449210
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16595115
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16434647

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