$MMSI
MERIT MEDICAL SYSTEMS INC Stock $mmsi

$mmsi Overview Financials Valuation SEC Filings Company Website

2016 Q1 Form 10-Q Financial Statement

#000085698216000085 Filed on May 09, 2016

Income Statement

Concept	2016 Q1	2015 Q1
Revenue	$138.1M	$129.6M
YoY Change	6.56%	8.67%
Cost Of Revenue	$77.98M	$74.19M
YoY Change	5.1%	10.42%
Gross Profit	$60.10M	$55.38M
YoY Change	8.52%	6.42%
Gross Profit Margin	43.53%	42.74%
Selling, General & Admin	$41.70M	$36.89M
YoY Change	13.06%	0.33%
% of Gross Profit	69.39%	66.6%
Research & Development	$10.59M	$9.672M
YoY Change	9.47%	10.16%
% of Gross Profit	17.62%	17.46%
Depreciation & Amortization	$9.705M	$9.068M
YoY Change	7.02%	4.21%
% of Gross Profit	16.15%	16.37%
Operating Expenses	$52.39M	$46.68M
YoY Change	12.24%	2.47%
Operating Profit	$7.706M	$8.704M
YoY Change	-11.47%	34.13%
Interest Expense	$1.329M	$1.574M
YoY Change	-15.57%	-39.6%
% of Operating Profit	17.25%	18.08%
Other Income/Expense, Net	-$1.800M	-$1.241M
YoY Change	45.04%	-52.32%
Pretax Income	$5.906M	$8.704M
YoY Change	-32.15%	34.13%
Income Tax	$1.555M	$2.289M
% Of Pretax Income	26.33%	26.3%
Net Earnings	$4.351M	$5.174M
YoY Change	-15.91%	83.28%
Net Earnings / Revenue	3.15%	3.99%
Basic Earnings Per Share	$0.10	$0.12
Diluted Earnings Per Share	$0.10	$0.12
COMMON SHARES
Basic Shares Outstanding	44.28M shares	43.70M shares
Diluted Shares Outstanding	44.58M shares	44.15M shares

Balance Sheet

Concept	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$5.200M	$9.900M
YoY Change	-47.47%	-21.43%
Cash & Equivalents	$5.162M	$9.908M
Short-Term Investments
Other Short-Term Assets	$16.20M	$12.60M
YoY Change	28.57%	0.0%
Inventory	$110.7M	$88.26M
Prepaid Expenses
Receivables	$71.57M	$70.50M
Other Receivables	$6.200M	$6.700M
Total Short-Term Assets	$210.0M	$187.9M
YoY Change	11.76%	5.87%
LONG-TERM ASSETS
Property, Plant & Equipment	$272.9M	$245.2M
YoY Change	11.31%	-1.14%
Goodwill	$187.0M	$184.4M
YoY Change	1.43%	-0.05%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$13.66M	$15.65M
YoY Change	-12.71%	9.25%
Total Long-Term Assets	$593.4M	$552.1M
YoY Change	7.48%	-2.16%
TOTAL ASSETS
Total Short-Term Assets	$210.0M	$187.9M
Total Long-Term Assets	$593.4M	$552.1M
Total Assets	$803.4M	$740.0M
YoY Change	8.57%	-0.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$39.10M	$24.50M
YoY Change	59.59%	-9.93%
Accrued Expenses	$33.87M	$34.50M
YoY Change	-1.84%	13.13%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$10.00M	$10.00M
YoY Change	0.0%	0.0%
Total Short-Term Liabilities	$85.32M	$71.74M
YoY Change	18.93%	3.3%
LONG-TERM LIABILITIES
Long-Term Debt	$218.4M	$202.9M
YoY Change	7.65%	-17.0%
Other Long-Term Liabilities	$4.632M	$3.313M
YoY Change	39.81%	28.51%
Total Long-Term Liabilities	$223.0M	$206.2M
YoY Change	8.17%	-16.53%
TOTAL LIABILITIES
Total Short-Term Liabilities	$85.32M	$71.74M
Total Long-Term Liabilities	$223.0M	$206.2M
Total Liabilities	$331.1M	$297.3M
YoY Change	11.36%	-10.49%
SHAREHOLDERS EQUITY
Retained Earnings	$278.1M	$255.1M
YoY Change	9.01%	11.02%
Common Stock	$199.0M	$192.7M
YoY Change	3.25%	7.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$472.3M	$442.7M
YoY Change
Total Liabilities & Shareholders Equity	$803.4M	$740.0M
YoY Change	8.57%	-0.24%

Cashflow Statement

Concept	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	$4.351M	$5.174M
YoY Change	-15.91%	83.28%
Depreciation, Depletion And Amortization	$9.705M	$9.068M
YoY Change	7.02%	4.21%
Cash From Operating Activities	$11.58M	$19.27M
YoY Change	-39.9%	142.11%
INVESTING ACTIVITIES
Capital Expenditures	$10.99M	$9.492M
YoY Change	15.79%	9.0%
Acquisitions	$21.50M	$1.250M
YoY Change	1620.0%
Other Investing Activities	-$20.40M	$600.0K
YoY Change	-3500.0%
Cash From Investing Activities	-$31.88M	-$9.411M
YoY Change	238.8%	3.16%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$557.0K	$4.021M
YoY Change	-86.15%	400.75%
Debt Paid & Issued, Net	$34.38M	$43.42M
YoY Change	-20.82%	42.7%
Cash From Financing Activities	$21.20M	-$7.277M
YoY Change	-391.26%	-215.25%
NET CHANGE
Cash From Operating Activities	$11.58M	$19.27M
Cash From Investing Activities	-$31.88M	-$9.411M
Cash From Financing Activities	$21.20M	-$7.277M
Net Change In Cash	$894.0K	$2.584M
YoY Change	-65.4%	-49.83%
FREE CASH FLOW
Cash From Operating Activities	$11.58M	$19.27M
Capital Expenditures	$10.99M	$9.492M
Free Cash Flow	$592.0K	$9.780M
YoY Change	-93.95%	-1407.49%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	dei	Amendment Flag AmendmentFlag	false
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000856982
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	44309320	shares
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	MERIT MEDICAL SYSTEMS INC
CY2015Q4	mmsi	Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Tax AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesTax	1000	USD
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CY2015Q1	mmsi	Business Combination Contingent Consideration Arrangements Contingent Consideration Benefit BusinessCombinationContingentConsiderationArrangementsContingentConsiderationBenefit	-122000	USD
CY2016Q1	mmsi	Business Combination Contingent Consideration Arrangements Contingent Consideration Benefit BusinessCombinationContingentConsiderationArrangementsContingentConsiderationBenefit	-102000	USD
CY2015Q1	mmsi	Contingentreceivablereceivedinexchangeforsaleofcostmethodinvestment Contingentreceivablereceivedinexchangeforsaleofcostmethodinvestment	0	USD
CY2016Q1	mmsi	Contingentreceivablereceivedinexchangeforsaleofcostmethodinvestment Contingentreceivablereceivedinexchangeforsaleofcostmethodinvestment	681000	USD
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CY2016Q1	mmsi	Cost Method Investments Ownership Percentage CostMethodInvestmentsOwnershipPercentage	0.1549
CY2015Q4	mmsi	Intangible Assets Net Goodwill And Other Assets Noncurrent IntangibleAssetsNetGoodwillAndOtherAssetsNoncurrent	306947000	USD
CY2016Q1	mmsi	Intangible Assets Net Goodwill And Other Assets Noncurrent IntangibleAssetsNetGoodwillAndOtherAssetsNoncurrent	320520000	USD
CY2015Q1	mmsi	Loss On Sale And Or Abandonment Of Property And Equipment LossOnSaleAndOrAbandonmentOfPropertyAndEquipment	37000	USD
CY2016Q1	mmsi	Loss On Sale And Or Abandonment Of Property And Equipment LossOnSaleAndOrAbandonmentOfPropertyAndEquipment	29000	USD
CY2015Q1	mmsi	Payment Of Taxes Exchange Of Common Stock PaymentOfTaxesExchangeOfCommonStock	380000	USD
CY2016Q1	mmsi	Payment Of Taxes Exchange Of Common Stock PaymentOfTaxesExchangeOfCommonStock	0	USD
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CY2016Q1	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-76000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	735000	USD
CY2016Q1	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-1367000	USD
CY2015Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	160000	USD
CY2016Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	498000	USD
CY2015Q1	us-gaap	Increase Decrease In Prepaid Taxes IncreaseDecreaseInPrepaidTaxes	-52000	USD
CY2016Q1	us-gaap	Increase Decrease In Prepaid Taxes IncreaseDecreaseInPrepaidTaxes	38000	USD
CY2015Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	442000	shares
CY2016Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	304000	shares
CY2015Q1	us-gaap	Interest Expense InterestExpense	1574000	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	1329000	USD
CY2015Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	83000	USD
CY2016Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	91000	USD
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CY2016Q1	us-gaap	Interest Paid Net InterestPaidNet	1378000	USD
CY2015Q4	us-gaap	Interest Rate Cash Flow Hedge Asset At Fair Value InterestRateCashFlowHedgeAssetAtFairValue	2000	USD
CY2016Q1	us-gaap	Interest Rate Cash Flow Hedge Liability At Fair Value InterestRateCashFlowHedgeLiabilityAtFairValue	-727000	USD
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CY2016Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	54075000	USD
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CY2016Q1	us-gaap	Inventory Net InventoryNet	110726000	USD
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CY2016Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	12323000	USD
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CY2016Q1	us-gaap	Investment Income Interest InvestmentIncomeInterest	9000	USD
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CY2016Q1	us-gaap	Land Land	19464000	USD
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CY2016Q1	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	28350000	USD
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CY2016Q1	us-gaap	Liabilities Liabilities	331096000	USD
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CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	803420000	USD
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CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	85322000	USD
CY2015Q4	us-gaap	Liability For Uncertain Tax Positions Noncurrent LiabilityForUncertainTaxPositionsNoncurrent	768000	USD
CY2016Q1	us-gaap	Liability For Uncertain Tax Positions Noncurrent LiabilityForUncertainTaxPositionsNoncurrent	768000	USD
CY2015Q4	us-gaap	Long Term Debt LongTermDebt	207593000	USD
CY2016Q1	us-gaap	Long Term Debt LongTermDebt	228402000	USD
CY2015Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	10000000	USD
CY2016Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	10000000	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	7500000	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	220902000	USD
CY2015Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	197593000	USD
CY2016Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	218402000	USD
CY2015Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	158775000	USD
CY2016Q1	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	161503000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-7277000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	21195000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-9411000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-31884000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	19272000	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	11583000	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	5174000	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	4351000	USD
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	5174000	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	4351000	USD
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	5174000	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	4351000	USD
CY2015Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1241000	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1800000	USD
CY2015Q4	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	6799000	USD
CY2016Q1	us-gaap	Nontrade Receivables Current NontradeReceivablesCurrent	5501000	USD
CY2016Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2	segment
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	46679000	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	52394000	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	8704000	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	7706000	USD
CY2015Q1	us-gaap	Other Amortization Of Deferred Charges OtherAmortizationOfDeferredCharges	-43000	USD
CY2016Q1	us-gaap	Other Amortization Of Deferred Charges OtherAmortizationOfDeferredCharges	-43000	USD
CY2015Q1	us-gaap	Other Asset Impairment Charges OtherAssetImpairmentCharges	14000	USD
CY2016Q1	us-gaap	Other Asset Impairment Charges OtherAssetImpairmentCharges	0	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	13121000	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	13664000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	-2311000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	1228000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	-106000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax	90000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-2754000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	693000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-898000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-729000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	-349000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax	-284000	USD
CY2015Q4	us-gaap	Other Deferred Credits Noncurrent OtherDeferredCreditsNoncurrent	2721000	USD
CY2016Q1	us-gaap	Other Deferred Credits Noncurrent OtherDeferredCreditsNoncurrent	2678000	USD
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	4148000	USD
CY2016Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	4632000	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	280000	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-480000	USD
CY2015Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	1250000	USD
CY2016Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	21500000	USD
CY2015Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	495000	USD
CY2015Q4	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	500000	USD
CY2016Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	482000	USD
CY2016Q1	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	2000000	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	9492000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10991000	USD
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	5000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2016Q1	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	5634000	USD
CY2016Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	6181000	USD
CY2015Q4	us-gaap	Prepaid Taxes PrepaidTaxes	2955000	USD
CY2016Q1	us-gaap	Prepaid Taxes PrepaidTaxes	3049000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	4021000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	557000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	31803000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	55184000	USD
CY2015Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-166000	USD
CY2016Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-167000	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Other Assets Investing Activities ProceedsFromSaleOfOtherAssetsInvestingActivities	0	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Other Assets Investing Activities ProceedsFromSaleOfOtherAssetsInvestingActivities	1089000	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	3000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	407831000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	418948000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	267778000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	272891000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	43415000	USD
CY2016Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	34376000	USD
CY2015Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	9672000	USD
CY2016Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	10588000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	273764000	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	278115000	USD
CY2015Q1	us-gaap	Sale Leaseback Transaction Gross Proceeds Investing Activities SaleLeasebackTransactionGrossProceedsInvestingActivities	1823000	USD
CY2016Q1	us-gaap	Sale Leaseback Transaction Gross Proceeds Investing Activities SaleLeasebackTransactionGrossProceedsInvestingActivities	0	USD
CY2015Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	129577000	USD
CY2016Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	138077000	USD
CY2015Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	36885000	USD
CY2016Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	41704000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	520000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	624000	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.3511
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.3706
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0153
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0140
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	446800.0	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	563500.0	shares
CY2015Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y0M0D
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y0M0D
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	466103000	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	472324000	USD
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44145000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44579000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	43703000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44275000	shares
CY2016Q1	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recent Accounting Pronouncements</font><font style="font-family:inherit;font-size:10pt;">. In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2016-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Improvements to Employee Share-Based Payment Accounting</font><font style="font-family:inherit;font-size:10pt;">. This ASU requires companies to record excess tax benefits and deficiencies in income rather than the current requirement to record them through equity. It also allows companies the option to recognize forfeitures of share-based awards when they occur rather than the current requirement to make an estimate upon the grant of the awards. This ASU is effective for public companies for annual reporting periods beginning after December 15, 2016, and interim periods within that reporting period. Early adoption will be permitted in any interim or annual period, with any adjustments reflected as of the beginning of the fiscal year of adoption. We are assessing the impact this new standard is anticipated to have on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font><font style="font-family:inherit;font-size:10pt;">. This ASU requires lessees to recognize (with the exception of short-term leases) a lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged and lessees will no longer be provided with a source of off-balance sheet financing. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. We are assessing the impact this new standard is anticipated to have on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU No. 2016-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities</font><font style="font-family:inherit;font-size:10pt;">. This update amends the guidance regarding the classification and measurement of financial instruments. Changes to the current guidance primarily affect the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. In addition, it clarifies guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. This ASU is effective for fiscal years and interim periods beginning after December 15, 2017. Early adoption is not permitted except for the provision to record fair value changes for financial liabilities under the fair value option resulting from instrument-specific credit risk in other comprehensive income. Upon adoption, an entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet at the beginning of the first reporting period in which the guidance is effective. We are assessing the impact this new standard is anticipated to have on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2015, the FASB issued Accounting Standards Update ASU 2015-17, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes</font><font style="font-family:inherit;font-size:10pt;">, which will require deferred tax assets and deferred tax liabilities to be presented as noncurrent within a classified balance sheet. The ASU simplifies the current guidance which requires an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts in a classified balance sheet. The current requirement that deferred tax assets and liabilities of a tax-paying component of an entity be offset and presented as a single amount is not affected. The ASU is effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period, and this ASU may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. We have elected not to early adopt this ASU, and we are evaluating whether to apply the provisions prospectively or retrospectively upon adoption. We do not presently anticipate that the adoption of this standard will have a material impact on our financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the FASB issued ASU 2015-11, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Simplifying the Measurement of Inventory</font><font style="font-family:inherit;font-size:10pt;">. This standard requires that inventory be measured at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Inventory measured using last-in, first-out or the retail inventory method are excluded from the scope of this update which is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. We do not anticipate that the implementation of ASU 2015-11 will have a material impact on our consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued authoritative guidance amending the FASB Accounting Standards Codification and creating a new Topic 606, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:inherit;font-size:10pt;">. The new guidance clarifies the principles for recognizing revenue and develops a common revenue standard for U.S. GAAP applicable to revenue transactions. This guidance provides that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The existing industry guidance will be eliminated when the new guidance becomes effective and annual disclosures will be substantially revised. Additional disclosures will also be required under the new standard. In July 2015, the FASB approved a proposal that extended the required implementation date one year to the first quarter of 2018 but also would permit companies to adopt the standard at the original effective date of 2017. Implementation may be either through retrospective application to each period from the first quarter of 2016 or with a cumulative effect adjustment upon adoption in 2018. We are assessing the impact this new standard is anticipated to have on our consolidated financial statements.</font></div></div>

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$MMSI
MERIT MEDICAL SYSTEMS INC Stock $mmsi

2016 Q1 Form 10-Q Financial Statement

#000085698216000085 Filed on May 09, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MMSI MERIT MEDICAL SYSTEMS INC Stock $mmsi

2016 Q1 Form 10-Q Financial Statement

#000085698216000085 Filed on May 09, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MMSI
MERIT MEDICAL SYSTEMS INC Stock $mmsi