2019 Q1 Form 10-Q Financial Statement

#000006527019000005 Filed on March 07, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q2 2018 Q1
Revenue $246.9M $249.0M $228.0M
YoY Change 8.29% 13.34% 16.56%
Cost Of Revenue $182.6M $187.1M $167.9M
YoY Change 8.76% 13.74% 18.07%
Gross Profit $64.30M $61.90M $60.10M
YoY Change 6.99% 12.14% 12.55%
Gross Profit Margin 26.04% 24.86% 26.36%
Selling, General & Admin $32.80M $32.40M $22.50M
YoY Change 45.78% 20.0% -5.06%
% of Gross Profit 51.01% 52.34% 37.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.700M $8.100M $7.100M
YoY Change -5.63% 20.9% 20.34%
% of Gross Profit 10.42% 13.09% 11.81%
Operating Expenses $32.80M $34.30M $22.50M
YoY Change 45.78% 17.06% -5.06%
Operating Profit $26.00M $27.60M $35.60M
YoY Change -26.97% 6.56% 22.34%
Interest Expense -$3.200M -$600.0K -$300.0K
YoY Change 966.67% -700.0% -250.0%
% of Operating Profit -12.31% -2.17% -0.84%
Other Income/Expense, Net $4.900M $3.800M $3.800M
YoY Change 28.95% 111.11% 280.0%
Pretax Income $27.70M $30.80M $39.10M
YoY Change -29.16% 10.39% 29.04%
Income Tax -$3.000M -$2.900M $63.40M
% Of Pretax Income -10.83% -9.42% 162.15%
Net Earnings $30.70M $36.80M -$24.30M
YoY Change -226.34% 59.31% -202.53%
Net Earnings / Revenue 12.43% 14.78% -10.66%
Basic Earnings Per Share $0.82 $0.99 -$0.65
Diluted Earnings Per Share $0.82 $0.98 -$0.65
COMMON SHARES
Basic Shares Outstanding 37.41M shares 37.01M shares 37.29M shares
Diluted Shares Outstanding 37.65M shares 37.29M shares

Balance Sheet

Concept 2019 Q1 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.70M $246.1M $304.0M
YoY Change -75.76% -16.29% 13.1%
Cash & Equivalents $73.70M $246.1M $304.0M
Short-Term Investments
Other Short-Term Assets $22.50M $14.80M $15.70M
YoY Change 43.31% 18.4% 8.28%
Inventory $124.0M $84.10M $83.60M
Prepaid Expenses
Receivables $211.5M $202.6M $201.4M
Other Receivables $14.70M $2.400M $600.0K
Total Short-Term Assets $446.4M $550.0M $605.3M
YoY Change -26.25% 3.71% 21.28%
LONG-TERM ASSETS
Property, Plant & Equipment $189.1M $162.2M $153.7M
YoY Change 23.03% 79.03% 75.26%
Goodwill $236.8M $59.20M $59.60M
YoY Change 297.32% 3600.0% 3625.0%
Intangibles $267.6M $61.00M $65.60M
YoY Change 307.93% 824.24% 811.11%
Long-Term Investments
YoY Change
Other Assets $590.7M $203.7M $200.8M
YoY Change 194.17% 145.13% 979.57%
Total Long-Term Assets $779.8M $365.9M $354.5M
YoY Change 119.97% 110.65% 342.02%
TOTAL ASSETS
Total Short-Term Assets $446.4M $550.0M $605.3M
Total Long-Term Assets $779.8M $365.9M $354.5M
Total Assets $1.226B $915.9M $959.8M
YoY Change 27.76% 30.1% 43.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.60M $89.50M $87.90M
YoY Change 0.8% 18.86% 29.84%
Accrued Expenses $55.80M $44.40M $47.10M
YoY Change 18.47% 21.98%
Deferred Revenue
YoY Change
Short-Term Debt $15.20M $4.400M $2.900M
YoY Change 424.14%
Long-Term Debt Due $15.20M $4.400M $2.900M
YoY Change 424.14%
Total Short-Term Liabilities $176.4M $157.0M $150.3M
YoY Change 17.37% 26.21% 35.16%
LONG-TERM LIABILITIES
Long-Term Debt $287.7M $53.40M $116.0M
YoY Change 148.02% 97.78% 213.51%
Other Long-Term Liabilities $6.700M $14.60M $8.200M
YoY Change -18.29% 461.54% 290.48%
Total Long-Term Liabilities $6.700M $128.9M $8.200M
YoY Change -18.29% 4857.69% 290.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $176.4M $157.0M $150.3M
Total Long-Term Liabilities $6.700M $128.9M $8.200M
Total Liabilities $552.1M $285.9M $352.6M
YoY Change 56.58% 75.51% 211.21%
SHAREHOLDERS EQUITY
Retained Earnings $526.7M $472.0M $439.2M
YoY Change 19.92% 10.54% 7.86%
Common Stock $19.20M $19.10M $19.10M
YoY Change 0.52% 0.0% -86.76%
Preferred Stock
YoY Change
Treasury Stock (at cost) $11.50M $11.50M $11.50M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 1.347M shares 1.347M shares 1.347M shares
Shareholders Equity $674.1M $630.0M $607.2M
YoY Change
Total Liabilities & Shareholders Equity $1.226B $915.9M $959.8M
YoY Change 27.76% 30.1% 43.9%

Cashflow Statement

Concept 2019 Q1 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income $30.70M $36.80M -$24.30M
YoY Change -226.34% 59.31% -202.53%
Depreciation, Depletion And Amortization $6.700M $8.100M $7.100M
YoY Change -5.63% 20.9% 20.34%
Cash From Operating Activities $28.10M $30.70M $41.90M
YoY Change -32.94% -20.26% -2.56%
INVESTING ACTIVITIES
Capital Expenditures -$8.400M -$13.00M -$19.00M
YoY Change -55.79% 41.3% 413.51%
Acquisitions
YoY Change
Other Investing Activities -$400.0K -$1.000M $0.00
YoY Change -242.86%
Cash From Investing Activities -$8.800M -$14.00M -$19.00M
YoY Change -53.68% 64.71% 413.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -58.80M -70.30M 6.400M
YoY Change -1018.75% 681.11% -144.14%
NET CHANGE
Cash From Operating Activities 28.10M 30.70M 41.90M
Cash From Investing Activities -8.800M -14.00M -19.00M
Cash From Financing Activities -58.80M -70.30M 6.400M
Net Change In Cash -39.50M -53.60M 29.30M
YoY Change -234.81% -355.24% 18.15%
FREE CASH FLOW
Cash From Operating Activities $28.10M $30.70M $41.90M
Capital Expenditures -$8.400M -$13.00M -$19.00M
Free Cash Flow $36.50M $43.70M $60.90M
YoY Change -40.07% -8.39% 30.41%

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CY2018Q1 us-gaap Interest Income Expense Net
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Interest Income Expense Net
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33900000 USD
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84100000 USD
CY2019Q1 us-gaap Inventory Net
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124000000 USD
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54100000 USD
CY2019Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
80800000 USD
CY2018Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
14600000 USD
CY2019Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
9300000 USD
CY2018Q2 us-gaap Land
Land
800000 USD
CY2019Q1 us-gaap Land
Land
3600000 USD
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285900000 USD
CY2019Q1 us-gaap Liabilities
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552100000 USD
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915900000 USD
CY2019Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1226200000 USD
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157000000 USD
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176400000 USD
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53400000 USD
CY2019Q1 us-gaap Long Term Debt
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364700000 USD
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MachineryAndEquipmentGross
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us-gaap Net Cash Provided By Used In Financing Activities
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57600000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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232300000 USD
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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87100000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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64300000 USD
CY2017Q3 us-gaap Net Income Loss
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NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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NetIncomeLoss
23700000 USD
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NetIncomeLoss
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NetIncomeLoss
30700000 USD
us-gaap Net Income Loss
NetIncomeLoss
69000000 USD
CY2018Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3800000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2600000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4900000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4700000 USD
us-gaap Number Of Reportable Segments
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4 segment
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
35600000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
90700000 USD
CY2019Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
26000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
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21600000 USD
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10100000 USD
CY2019Q1 us-gaap Other Accrued Liabilities Current
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34400000 USD
CY2018Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
12500000 USD
CY2019Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
12400000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
203700000 USD
CY2019Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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24600000 USD
CY2017Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-6500000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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50300000 USD
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OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-7700000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3200000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4600000 USD
CY2019Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
6700000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10600000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12700000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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300000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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129900000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
421600000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
34700000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
37000000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
14800000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
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CY2018Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned
20500000 USD
CY2019Q1 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned
32500000 USD
CY2019Q1 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
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8600000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
71300000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
350000000 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
300000 USD
us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
300000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
200000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
434700000 USD
CY2019Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
468600000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
162200000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
189100000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
100000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
3000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
103300000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
472000000 USD
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
526700000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
659300000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
228000000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
246900000 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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250289 shares
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
734300000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
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22500000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
83300000 USD
CY2019Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
32800000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
110300000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3300000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
11700000 USD
CY2018Q2 us-gaap Short Term Borrowings
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4400000 USD
CY2019Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
15200000 USD
CY2017Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-200000 USD
CY2017Q4 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2018Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 USD
CY2018Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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-1700000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
200000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
630000000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
674100000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
541100000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
589400000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
606800000 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
607200000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
630000000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
632000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
643300000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
674100000 USD
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1346624 shares
CY2019Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
1346624 shares
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
11500000 USD
CY2019Q1 us-gaap Treasury Stock Value
TreasuryStockValue
11500000 USD
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
385979 shares
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
248700 shares
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37292934 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37661020 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37654250 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37637470 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37292934 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37275041 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37405550 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37387181 shares

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