2016 Q4 Form 10-Q Financial Statement
#000143774917001564 Filed on February 03, 2017
Income Statement
| Concept | 2016 Q4 | 2015 Q4 |
|---|---|---|
| Revenue | $19.87M | $20.56M |
| YoY Change | -3.36% | -7.85% |
| Cost Of Revenue | $10.79M | $12.08M |
| YoY Change | -10.73% | -17.83% |
| Gross Profit | $4.074M | $3.681M |
| YoY Change | 10.68% | 41.9% |
| Gross Profit Margin | 20.5% | 17.9% |
| Selling, General & Admin | $3.390M | $3.050M |
| YoY Change | 11.15% | 10.51% |
| % of Gross Profit | 83.21% | 82.86% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $309.0K | $303.0K |
| YoY Change | 1.98% | 1.68% |
| % of Gross Profit | 7.58% | 8.23% |
| Operating Expenses | $3.700M | $3.350M |
| YoY Change | 10.45% | 9.48% |
| Operating Profit | $4.754M | $4.435M |
| YoY Change | 7.19% | 17.8% |
| Interest Expense | -$3.630M | -$3.710M |
| YoY Change | -2.16% | -18650.0% |
| % of Operating Profit | -76.36% | -83.65% |
| Other Income/Expense, Net | $21.00K | $21.00K |
| YoY Change | 0.0% | 23.53% |
| Pretax Income | $1.147M | $748.0K |
| YoY Change | 53.34% | -80.33% |
| Income Tax | $448.0K | $316.0K |
| % Of Pretax Income | 39.06% | 42.25% |
| Net Earnings | $699.0K | $432.0K |
| YoY Change | 61.81% | -80.72% |
| Net Earnings / Revenue | 3.52% | 2.1% |
| Basic Earnings Per Share | $0.17 | $0.10 |
| Diluted Earnings Per Share | $0.17 | $0.10 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 4.175M | 4.408M |
| Diluted Shares Outstanding | 4.209M | 4.444M |
Balance Sheet
| Concept | 2016 Q4 | 2015 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $56.40M | $59.70M |
| YoY Change | -5.53% | 44.2% |
| Cash & Equivalents | $56.40M | $59.71M |
| Short-Term Investments | $0.00 | |
| Other Short-Term Assets | $475.0K | $316.0K |
| YoY Change | 50.32% | -21.59% |
| Inventory | $394.0K | $569.0K |
| Prepaid Expenses | ||
| Receivables | $8.900M | $7.500M |
| Other Receivables | $1.300M | $1.500M |
| Total Short-Term Assets | $67.71M | $70.50M |
| YoY Change | -3.97% | 30.06% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $9.009M | $8.832M |
| YoY Change | 2.0% | 1.75% |
| Goodwill | $95.00K | $95.00K |
| YoY Change | 0.0% | 0.0% |
| Intangibles | $1.353M | $1.353M |
| YoY Change | 0.0% | 0.0% |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $94.00K | $213.0K |
| YoY Change | -55.87% | -75.09% |
| Total Long-Term Assets | $10.55M | $10.49M |
| YoY Change | 0.55% | -4.46% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $67.71M | $70.50M |
| Total Long-Term Assets | $10.55M | $10.49M |
| Total Assets | $78.26M | $81.00M |
| YoY Change | -3.38% | 24.24% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.774M | $4.176M |
| YoY Change | -33.57% | -21.25% |
| Accrued Expenses | $9.118M | $8.755M |
| YoY Change | 4.15% | 113.43% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $12.03M | $13.13M |
| YoY Change | -8.34% | 35.09% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $131.2M | $130.0M |
| YoY Change | 0.93% | |
| Other Long-Term Liabilities | $1.564M | $2.042M |
| YoY Change | -23.41% | 30.15% |
| Total Long-Term Liabilities | $132.7M | $132.0M |
| YoY Change | 0.55% | 8313.7% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $12.03M | $13.13M |
| Total Long-Term Liabilities | $132.7M | $132.0M |
| Total Liabilities | $145.6M | $146.2M |
| YoY Change | -0.4% | 1113.83% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$50.59M | -$57.86M |
| YoY Change | -12.55% | -213.15% |
| Common Stock | $60.58M | $60.76M |
| YoY Change | -0.31% | 3.42% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $77.30M | $68.07M |
| YoY Change | 13.56% | 19.84% |
| Treasury Stock Shares | $5.127M | $4.922M |
| Shareholders Equity | -$67.32M | -$65.16M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $78.26M | $81.00M |
| YoY Change | -3.38% | 24.24% |
Cashflow Statement
| Concept | 2016 Q4 | 2015 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $699.0K | $432.0K |
| YoY Change | 61.81% | -80.72% |
| Depreciation, Depletion And Amortization | $309.0K | $303.0K |
| YoY Change | 1.98% | 1.68% |
| Cash From Operating Activities | $2.210M | $4.780M |
| YoY Change | -53.77% | 116.29% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$390.0K | -$320.0K |
| YoY Change | 21.88% | -8.57% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Cash From Investing Activities | -$390.0K | -$320.0K |
| YoY Change | 21.87% | 113.33% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -540.0K | -4.180M |
| YoY Change | -87.08% | -1493.33% |
| NET CHANGE | ||
| Cash From Operating Activities | 2.210M | 4.780M |
| Cash From Investing Activities | -390.0K | -320.0K |
| Cash From Financing Activities | -540.0K | -4.180M |
| Net Change In Cash | 1.280M | 280.0K |
| YoY Change | 357.14% | -88.14% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $2.210M | $4.780M |
| Capital Expenditures | -$390.0K | -$320.0K |
| Free Cash Flow | $2.600M | $5.100M |
| YoY Change | -49.02% | 99.22% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
82000 | |
| CY2016Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
9192000 | |
| CY2016Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
823000 | |
| CY2016Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
9118000 | |
| nath |
Accounts Receivable Payment Terms
AccountsReceivablePaymentTerms
|
P30D | ||
| CY2016Q4 | nath |
Accrued Construction Costs Current
AccruedConstructionCostsCurrent
|
216000 | |
| CY2016Q1 | nath |
Accrued Construction Costs Current
AccruedConstructionCostsCurrent
|
183000 | |
| CY2016Q4 | nath |
Dilutive Securities Effect On Earnings Per Share
DilutiveSecuritiesEffectOnEarningsPerShare
|
||
| CY2015Q4 | nath |
Dilutive Securities Effect On Earnings Per Share
DilutiveSecuritiesEffectOnEarningsPerShare
|
||
| nath |
Dilutive Securities Effect On Earnings Per Share
DilutiveSecuritiesEffectOnEarningsPerShare
|
-0.01 | ||
| nath |
Dilutive Securities Effect On Earnings Per Share
DilutiveSecuritiesEffectOnEarningsPerShare
|
-0.01 | ||
| CY2016Q4 | nath |
Dividends Payable Noncurrent
DividendsPayableNoncurrent
|
125000 | |
| CY2016Q1 | nath |
Dividends Payable Noncurrent
DividendsPayableNoncurrent
|
250000 | |
| CY2016 | nath |
Effective Income Tax Rate Reconciliation Nondeductible Expense Investments
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseInvestments
|
0.01 | |
| CY2013Q2 | nath |
Minimum Percentage Of Common Stock Acquired By A Person Or Group Which Triggers Exercise Of New Rights
MinimumPercentageOfCommonStockAcquiredByAPersonOrGroupWhichTriggersExerciseOfNewRights
|
0.15 | |
| CY2013Q2 | nath |
New Right Purchase Price
NewRightPurchasePrice
|
100 | |
| CY2016Q4 | nath |
Share Based Compensation Total Unamortized Compensation Expense
ShareBasedCompensationTotalUnamortizedCompensationExpense
|
599000 | |
| nath |
Stock Options Exercised During Period
StockOptionsExercisedDuringPeriod
|
48285 | ||
| CY2016Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
10210000 | |
| CY2016Q1 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
8721000 | |
| CY2016Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2774000 | |
| CY2016Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
4887000 | |
| CY2016Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
10710000 | |
| CY2016Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
6176000 | |
| CY2016Q4 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
1236000 | |
| CY2016Q1 | us-gaap |
Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
|
940000 | |
| CY2016Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
204000 | |
| CY2016Q1 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
101000 | |
| CY2016Q4 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
203000 | |
| CY2016Q1 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
218000 | |
| CY2016Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
8195000 | |
| CY2016Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
7190000 | |
| CY2016Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
60482000 | |
| CY2016Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
60950000 | |
| us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
994000 | ||
| us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
482000 | ||
| CY2015Q4 | us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
77000 | |
| us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
142000 | ||
| CY2016Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
136000 | |
| CY2015Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
173000 | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
482000 | ||
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
549000 | ||
| CY2016Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
471000 | |
| CY2015Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
433000 | |
| CY2016Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
500000 | |
| us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
5000 | ||
| CY2016 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
10000 | |
| us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
910000 | ||
| us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
889000 | ||
| CY2016Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | ||
| CY2015Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | ||
| CY2016Q4 | us-gaap |
Assets
Assets
|
78258000 | |
| CY2016Q1 | us-gaap |
Assets
Assets
|
71549000 | |
| CY2016Q4 | us-gaap |
Assets Current
AssetsCurrent
|
67707000 | |
| CY2016Q1 | us-gaap |
Assets Current
AssetsCurrent
|
60979000 | |
| CY2016Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
50228000 | |
| CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
51393000 | |
| CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
56403000 | |
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
59708000 | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
6175000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
8315000 | ||
| CY2016Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2016Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2013Q2 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
10188600 | |
| CY2016Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
6992892 | |
| CY2016Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2016Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
30000000 | |
| CY2016Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
30000000 | |
| CY2016Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
9303870 | |
| CY2016Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
9274066 | |
| CY2016Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
4176497 | |
| CY2016Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
4177309 | |
| CY2016Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
93000 | |
| CY2016Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
93000 | |
| CY2016Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
699000 | |
| CY2015Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
432000 | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
6756000 | ||
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
5542000 | ||
| CY2016Q4 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
10785000 | |
| CY2015Q4 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
12082000 | |
| us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
41732000 | ||
| us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
47848000 | ||
| CY2016Q4 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
15183000 | |
| CY2015Q4 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
16129000 | |
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
55757000 | ||
| us-gaap |
Costs And Expenses
CostsAndExpenses
|
61360000 | ||
| CY2016Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
135000000 | |
| CY2016Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
135000000 | |
| CY2016Q4 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.1 | |
| CY2016Q1 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.1 | |
| CY2016Q4 | us-gaap |
Deferred Credits And Other Liabilities Noncurrent
DeferredCreditsAndOtherLiabilitiesNoncurrent
|
174000 | |
| CY2016Q1 | us-gaap |
Deferred Credits And Other Liabilities Noncurrent
DeferredCreditsAndOtherLiabilitiesNoncurrent
|
129000 | |
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
92000 | ||
| us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
15000 | ||
| CY2016Q4 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
822000 | |
| CY2016Q1 | us-gaap |
Deferred Rent Credit Noncurrent
DeferredRentCreditNoncurrent
|
893000 | |
| CY2016Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
805000 | |
| CY2016Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
713000 | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1005000 | ||
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
975000 | ||
| CY2016Q4 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
309000 | |
| CY2015Q4 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
303000 | |
| us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">NOTE C – NEW ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED</div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> May</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014,</div> the FASB issued a new accounting standard that attempts to establish a uniform basis for recording income to virtually all industries financial statements, under U.S. GAAP as amended in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> April</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016.</div> The FASB issued <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div> updates to the standard clarifying reporting revenue between Principle versus Agent and clarification in determining performance obligations and licenses guidance. The revenue standard’s core principle is built on the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor is entitled.<div style="display: inline; font-weight: bold;"> </div>In order to accomplish this objective, companies must evaluate the following <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">five</div> basic steps: (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract, and (v) recognize revenue when (or as) the entity satisfies a performance obligation. There are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> basic transition methods that are available – full retrospective, retrospective with certain practical expedients, and a cumulative effect approach. Under the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">third</div> alternative, an entity would apply the new revenue standard only to contracts that are incomplete under legacy U.S. guidance at the date of initial application and recognize the cumulative effect of the new standard as an adjustment to the opening balance of retained earnings. Prior years would not be restated and additional disclosures would be required to enable users of the financial statements to understand the impact of adopting the new standard in the current year compared to prior years that are presented under legacy U.S. guidance. Early adoption is prohibited. Public companies were originally expected to apply the new standard for annual periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016,</div> including interim periods therein, which for Nathan’s would have been its <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div> quarter of fiscal <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> beginning on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">27,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017.</div> On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> May</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015,</div> the FASB issued a <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">second</div> proposed update to the standard clarifying the distinction between revenue from licenses of intellectual property that represent a promise to deliver a good or service over time versus a promise to be satisfied at a point in time. On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> July</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015,</div> the FASB agreed to delay the standard’s effective date to annual reporting periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017</div> which will now be our <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div> quarter <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> (June</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018)</div> of our fiscal year ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">31,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2019.</div> The Company is currently evaluating the impact of this new accounting standard on its consolidated financial position and results of operations. The Company does not believe that the standard will impact its recognition of revenue for its Branded Product Program, Company-operated restaurants or its recognition of royalties from its franchised restaurants or retail licenses, which are based on a percentage of sales. The Company is continuing to evaluate the impact the adoption of this standard will have on the recognition of fees received from international development fees from the sales of exclusive territorial rights, initial fees from franchises for new restaurant openings or extended franchise terms. <div style="display: inline; font-weight: bold;"></div></div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> August</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2014,</div> the FASB issued new guidance that requires management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> year after the date that the financial statements are issued. If such conditions exist, management will be required to include disclosures enabling users to understand those conditions and management’s plans to alleviate or mitigate those conditions. This new standard is effective for annual periods ending after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div> and interim periods within annual periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">16,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016.</div> This standard will take effect in Nathan’s <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">fourth</div> quarter of our fiscal year ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">26,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017.</div> Nathan’s does not expect the adoption of this new guidance to have a material impact on its results of operations or financial position.</div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> July</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015,</div> the FASB updated U.S. accounting guidance to simplify the ways businesses measure inventory. Companies that use the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div>-in, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div>-out (FIFO) method or the average cost method will measure inventory at the lower of its cost or net realizable value. Net realizable value is the estimated selling price in the normal course of business, minus the cost of completion, disposal, and transportation. Companies will no longer consider replacement cost or net realizable value less a normal profit margin when measuring inventory. This new standard is effective for annual reporting periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div> which will be our <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div> quarter <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> (June</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017)</div> of our fiscal year ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">25,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018.</div> Nathan’s does not expect the adoption of this new guidance to have a material impact on its results of operations or financial position.</div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016,</div> the FASB issued a new accounting standard on leases. The new standard, among other changes, will require lessees to recognize a right-of-use asset and a lease liability on the balance sheet for all leases. The lease liability will be measured at the present value of the lease payments over the lease term. The right-of-use asset will be measured at the lease liability amount, adjusted for lease prepayments, lease incentives received and the lessee’s initial direct costs (e.g. commissions). The new standard is effective for annual reporting periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">15,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> including interim reporting periods within those annual reporting periods. This standard is required to take effect in Nathan’s <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div> quarter ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> (June</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2019)</div> of our fiscal year ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">29,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2020.</div> The adoption will require a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest period presented. The Company is currently evaluating the impact of this new accounting standard on its consolidated financial position and results of operations.</div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The Company does not believe that any other recently issued, but not yet effective accounting standards, when adopted, will have a material effect on the accompanying financial statements.</div></div></div> | ||
| CY2016Q4 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
125000 | |
| CY2016Q1 | us-gaap |
Dividends Payable Current
DividendsPayableCurrent
|
375000 | |
| CY2016Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.17 | |
| CY2015Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.10 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.62 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.25 | ||
| CY2016Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.17 | |
| CY2015Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.10 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.61 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.24 | ||
| us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.371 | ||
| us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.41 | ||
| us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
|
0.061 | ||
| us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.011 | ||
| CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Contingencies
EffectiveIncomeTaxRateReconciliationTaxContingencies
|
0.002 | |
| CY2016 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
|
0.001 | |
| CY2016Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2114000 | |
| CY2016Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2919000 | |
| us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
|||
| us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
142000 | ||
| us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
-659000 | ||
| us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
|||
| CY2016Q4 | us-gaap |
Franchise Revenue
FranchiseRevenue
|
1088000 | |
| CY2015Q4 | us-gaap |
Franchise Revenue
FranchiseRevenue
|
1187000 | |
| us-gaap |
Franchise Revenue
FranchiseRevenue
|
3752000 | ||
| us-gaap |
Franchise Revenue
FranchiseRevenue
|
3804000 | ||
| CY2016Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3394000 | |
| CY2015Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3045000 | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
10309000 | ||
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
9647000 | ||
| CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
95000 | |
| CY2016Q1 | us-gaap |
Goodwill
Goodwill
|
95000 | |
| CY2016Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
1147000 | |
| CY2015Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
748000 | |
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
10742000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
9475000 | ||
| CY2016Q4 | us-gaap |
Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
|
228000 | |
| CY2016Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
448000 | |
| CY2015Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
316000 | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3986000 | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3886000 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2976000 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-95000 | ||
| us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
1523000 | ||
| us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-441000 | ||
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
545000 | ||
| us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1575000 | ||
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
4000 | ||
| us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-81000 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-293000 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-253000 | ||
| us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-15000 | ||
| us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-134000 | ||
| us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-142000 | ||
| us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-355000 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-643000 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-3618000 | ||
| CY2016Q4 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
34000 | |
| CY2015Q4 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
36000 | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
31000 | ||
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
30000 | ||
| CY2016Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1353000 | |
| CY2016Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1353000 | |
| CY2016Q4 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
3663000 | |
| CY2015Q4 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
3708000 | |
| us-gaap |
Interest Expense Other
InterestExpenseOther
|
11002000 | ||
| us-gaap |
Interest Expense Other
InterestExpenseOther
|
11126000 | ||
| us-gaap |
Interest Paid
InterestPaid
|
6750000 | ||
| us-gaap |
Interest Paid
InterestPaid
|
6938000 | ||
| CY2016Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
3849000 | |
| CY2016Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
507000 | |
| CY2016Q4 | us-gaap |
Inventory Net
InventoryNet
|
394000 | |
| CY2016Q1 | us-gaap |
Inventory Net
InventoryNet
|
687000 | |
| us-gaap |
Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
|
|||
| us-gaap |
Investment Income Amortization Of Premium
InvestmentIncomeAmortizationOfPremium
|
64000 | ||
| CY2016Q4 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
35000 | |
| CY2015Q4 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
||
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
71000 | ||
| us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
52000 | ||
| CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
145578000 | |
| CY2016Q1 | us-gaap |
Liabilities
Liabilities
|
143885000 | |
| CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
78258000 | |
| CY2016Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
71549000 | |
| CY2016Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
12033000 | |
| CY2016Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
11200000 | |
| CY2016Q4 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
436000 | |
| CY2016Q1 | us-gaap |
Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
|
427000 | |
| CY2016Q4 | us-gaap |
Licenses Revenue
LicensesRevenue
|
3990000 | |
| CY2015Q4 | us-gaap |
Licenses Revenue
LicensesRevenue
|
3614000 | |
| us-gaap |
Licenses Revenue
LicensesRevenue
|
15602000 | ||
| us-gaap |
Licenses Revenue
LicensesRevenue
|
15406000 | ||
| CY2016Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
146981000 | |
| CY2016Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
131176000 | |
| CY2016Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
130266000 | |
| us-gaap |
Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
|
|||
| us-gaap |
Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
|
26000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2597000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-11779000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1001000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
6431000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
9773000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
13663000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
6756000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
5589000 | ||
| CY2016Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
699000 | |
| CY2015Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
432000 | |
| CY2016Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
699000 | |
| CY2015Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
432000 | |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
6756000 | ||
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
5589000 | ||
| CY2016Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
699000 | |
| CY2015Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
432000 | |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
6756000 | ||
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
5589000 | ||
| CY2016Q4 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
695000 | |
| CY2015Q4 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
699000 | |
| us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
2711000 | ||
| us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
2890000 | ||
| CY2016Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4754000 | |
| CY2015Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4435000 | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
21609000 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
20477000 | ||
| CY2016Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
269000 | |
| CY2016Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
172000 | |
| CY2016Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
475000 | |
| CY2016Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
644000 | |
| CY2016Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
94000 | |
| CY2016Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
109000 | |
| CY2016Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
||
| CY2015Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
||
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
|||
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-47000 | ||
| CY2016Q4 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
||
| CY2015Q4 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
||
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
|||
| us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
47000 | ||
| CY2016Q4 | us-gaap |
Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
|
7000 | |
| CY2016Q1 | us-gaap |
Other Liabilities And Deferred Revenue Noncurrent
OtherLiabilitiesAndDeferredRevenueNoncurrent
|
7000 | |
| CY2016Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1564000 | |
| CY2016Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1706000 | |
| CY2016Q4 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
21000 | |
| CY2015Q4 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
21000 | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
64000 | ||
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
72000 | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1272000 | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
11270000 | ||
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
|||
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
60000 | ||
| us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
375000 | ||
| us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
375000 | ||
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
994000 | ||
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
260000 | ||
| us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
|||
| us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
3887000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1001000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
550000 | ||
| CY2016Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
700000 | |
| CY2016Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1343000 | |
| CY2016Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
225000 | |
| CY2016Q1 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
488000 | |
| CY2016Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
||
| CY2016Q1 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
211000 | |
| us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
|||
| us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
10868000 | ||
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
44000 | ||
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
44000 | ||
| CY2016Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9009000 | |
| CY2016Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9013000 | |
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
34000 | ||
| us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
23000 | ||
| CY2016 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
38000 | |
| us-gaap |
Reclassifications
Reclassifications
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">NOTE O – RECLASSIFICATIONS</div></div> <div style=" MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify; MARGIN-LEFT: 0pt; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Prior period amounts on the Consolidated Statement of Cash Flows have been reclassified to conform to the current period presentation.</div></div></div> | ||
| CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-50592000 | |
| CY2016Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-57348000 | |
| CY2016Q4 | us-gaap |
Revenues
Revenues
|
19937000 | |
| CY2015Q4 | us-gaap |
Revenues
Revenues
|
20564000 | |
| us-gaap |
Revenues
Revenues
|
77366000 | ||
| us-gaap |
Revenues
Revenues
|
81837000 | ||
| CY2016Q4 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
14859000 | |
| CY2015Q4 | us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
15763000 | |
| us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
58012000 | ||
| us-gaap |
Sales Revenue Goods Net
SalesRevenueGoodsNet
|
62627000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
482000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
549000 | ||
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
25000 | |
| CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
10000 | |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
41.59 | |
| CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
49.80 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
15000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
36.13 | ||
| CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
35.58 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
1555000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
0 | ||
| CY2015 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
50000 | |
| CY2015Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
75745 | |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
1952000 | |
| CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
2164000 | |
| CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
37873 | |
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
11.72 | ||
| CY2015 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
53.89 | |
| CY2015Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
35.576 | |
| CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
35.58 | |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
124030 | |
| CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
75745 | |
| CY2016Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
26.29 | |
| CY2015Q1 | us-gaap |
Share Price
SharePrice
|
73.56 | |
| CY2016Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
1082000 | |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P2Y222D | ||
| CY2016 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P2Y47D | |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P2Y222D | ||
| CY2016Q4 | us-gaap |
Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
|
-31000 | |
| us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
44000 | ||
| CY2016Q4 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
260258 | |
| CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-67320000 | |
| CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-72336000 | |
| CY2016Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
5127373 | |
| CY2016Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
5096757 | |
| us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
5127373 | ||
| us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
30616 | ||
| CY2016Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
77303000 | |
| CY2016Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
76031000 | |
| us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
77303000 | ||
| us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
1272000 | ||
| CY2016Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
3824000 | |
| CY2016Q1 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
4734000 | |
| CY2016Q4 | us-gaap |
Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
|
207000 | |
| CY2016Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4209000 | |
| CY2015Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4444000 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4202000 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
4504000 | ||
| CY2016Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4175000 | |
| CY2015Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4408000 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4171000 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4474000 |
