2015 Q3 Form 10-Q Financial Statement

#000086627315000094 Filed on November 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $320.5M $322.6M
YoY Change -0.65% 42.17%
Cost Of Revenue $284.7M $293.3M
YoY Change -2.92% 46.11%
Gross Profit $34.58M $28.38M
YoY Change 21.86% 11.4%
Gross Profit Margin 10.79% 8.8%
Selling, General & Admin $19.48M $19.83M
YoY Change -1.76% 34.78%
% of Gross Profit 56.34% 69.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.429M $5.771M
YoY Change -5.93% 55.13%
% of Gross Profit 15.7% 20.34%
Operating Expenses $19.48M $19.83M
YoY Change -1.76% 34.78%
Operating Profit $15.10M $8.547M
YoY Change 76.68% -20.58%
Interest Expense $263.0K $351.0K
YoY Change -25.07% 57.4%
% of Operating Profit 1.74% 4.11%
Other Income/Expense, Net -$54.00K $57.00K
YoY Change -194.74% -164.77%
Pretax Income $14.82M $8.295M
YoY Change 78.6% -20.67%
Income Tax $5.076M $3.624M
% Of Pretax Income 34.26% 43.69%
Net Earnings $9.941M $5.914M
YoY Change 68.09% -9.74%
Net Earnings / Revenue 3.1% 1.83%
Basic Earnings Per Share $0.38 $0.22
Diluted Earnings Per Share $0.37 $0.22
COMMON SHARES
Basic Shares Outstanding 26.48M shares 26.47M shares
Diluted Shares Outstanding 27.05M shares 27.13M shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.20M $72.80M
YoY Change -4.95% -8.77%
Cash & Equivalents $69.18M $72.75M
Short-Term Investments
Other Short-Term Assets $8.494M $7.642M
YoY Change 11.15% 14.71%
Inventory $2.863M $3.006M
Prepaid Expenses
Receivables $182.6M $175.5M
Other Receivables $500.0K $100.0K
Total Short-Term Assets $354.5M $355.8M
YoY Change -0.37% 13.75%
LONG-TERM ASSETS
Property, Plant & Equipment $83.95M $88.65M
YoY Change -5.29% 20.89%
Goodwill $70.94M $72.07M
YoY Change -1.56% 133.32%
Intangibles $22.93M $28.16M
YoY Change -18.58% 281.65%
Long-Term Investments
YoY Change
Other Assets $2.126M $3.622M
YoY Change -41.3% -21.02%
Total Long-Term Assets $182.1M $192.5M
YoY Change -5.42% 65.69%
TOTAL ASSETS
Total Short-Term Assets $354.5M $355.8M
Total Long-Term Assets $182.1M $192.5M
Total Assets $536.6M $548.3M
YoY Change -2.14% 27.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $99.76M $95.23M
YoY Change 4.75% 40.46%
Accrued Expenses $37.10M $42.50M
YoY Change -12.71% 51.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $217.5M $246.0M
YoY Change -11.58% 42.84%
LONG-TERM LIABILITIES
Long-Term Debt $9.766M $11.34M
YoY Change -13.91% 367.6%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $9.766M $11.34M
YoY Change -13.91% 367.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $217.5M $246.0M
Total Long-Term Liabilities $9.766M $11.34M
Total Liabilities $234.5M $261.7M
YoY Change -10.37% 43.37%
SHAREHOLDERS EQUITY
Retained Earnings $204.3M $183.2M
YoY Change 11.57% 23.77%
Common Stock $279.0K $279.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $17.85M $15.49M
YoY Change 15.19% -27.52%
Treasury Stock Shares 1.357M shares 1.372M shares
Shareholders Equity $302.5M $286.1M
YoY Change
Total Liabilities & Shareholders Equity $536.6M $548.3M
YoY Change -2.14% 27.82%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $9.941M $5.914M
YoY Change 68.09% -9.74%
Depreciation, Depletion And Amortization $5.429M $5.771M
YoY Change -5.93% 55.13%
Cash From Operating Activities -$14.43M $5.112M
YoY Change -382.3% -72.29%
INVESTING ACTIVITIES
Capital Expenditures $3.941M $3.656M
YoY Change 7.8% -36.56%
Acquisitions $0.00 $5.250M
YoY Change -100.0%
Other Investing Activities $140.0K -$5.100M
YoY Change -102.75% -1921.43%
Cash From Investing Activities -$3.806M -$8.758M
YoY Change -56.54% 59.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $384.0K $193.0K
YoY Change 98.96% -45.79%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $9.469M -$279.0K
YoY Change -3493.91% -109.96%
NET CHANGE
Cash From Operating Activities -$14.43M $5.112M
Cash From Investing Activities -$3.806M -$8.758M
Cash From Financing Activities $9.469M -$279.0K
Net Change In Cash -$8.768M -$3.925M
YoY Change 123.39% -124.9%
FREE CASH FLOW
Cash From Operating Activities -$14.43M $5.112M
Capital Expenditures $3.941M $3.656M
Free Cash Flow -$18.37M $1.456M
YoY Change -1361.81% -88.52%

Facts In Submission

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CY2014Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2015Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
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CY2015Q3 us-gaap Net Cash Provided By Used In Financing Activities
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PaymentsForRepurchaseOfOtherEquity
382000 USD
CY2014Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5250000 USD
CY2015Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2014Q3 us-gaap Payments To Acquire Property Plant And Equipment
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CY2014Q3 us-gaap Proceeds From Issuance Of Common Stock
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CY2014Q3 us-gaap Proceeds From Minority Shareholders
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CY2014Q3 us-gaap Proceeds From Sale Of Productive Assets
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148000 USD
CY2015Q3 us-gaap Proceeds From Sale Of Productive Assets
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CY2014Q3 us-gaap Proceeds From Stock Plans
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CY2014Q3 us-gaap Provision For Doubtful Accounts
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465000 USD
CY2015Q3 us-gaap Provision For Doubtful Accounts
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334000 USD
CY2014Q3 us-gaap Repayments Of Long Term Lines Of Credit
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6094000 USD
CY2015Q3 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
0 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
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CY2014Q3 us-gaap Revenues
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CY2015Q3 us-gaap Revenues
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319331000 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
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CY2014Q3 us-gaap Share Based Compensation
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CY2015Q3 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2014Q3 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
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1790 shares
CY2015Q3 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
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CY2014Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2015Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2014Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
58000 USD
CY2015Q3 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
72000 USD
CY2014Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2015Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2015Q2 us-gaap Stockholders Equity
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CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2015Q2 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
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CY2015Q3 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
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CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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302029000 USD
CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2015Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2015Q2 us-gaap Treasury Stock Value
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18489000 USD
CY2015Q3 us-gaap Treasury Stock Value
TreasuryStockValue
17845000 USD
CY2015Q2 us-gaap Unapproved Change Orders Amount
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12700000 USD
CY2015Q3 us-gaap Unapproved Change Orders Amount
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13100000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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27134000 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27050000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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26470000 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26476000 shares

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