2018 Q4 Form 10-Q Financial Statement
#000169242718000048 Filed on November 07, 2018
Income Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
Revenue | $50.19M | $62.69M | $55.96M |
YoY Change | 0.01% | 12.03% | 95.31% |
Cost Of Revenue | $25.99M | $28.82M | $25.96M |
YoY Change | 5.65% | 11.01% | 76.46% |
Gross Profit | $23.34M | $33.11M | $30.00M |
YoY Change | -8.8% | 10.36% | 115.2% |
Gross Profit Margin | 46.5% | 52.81% | 53.61% |
Selling, General & Admin | $20.31M | $19.36M | $17.64M |
YoY Change | 11.96% | 9.75% | 107.74% |
% of Gross Profit | 87.03% | 58.46% | 58.79% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $4.550M | $1.174M | $812.0K |
YoY Change | -36.01% | 44.58% | -87.43% |
% of Gross Profit | 19.5% | 3.55% | 2.71% |
Operating Expenses | $24.99M | $19.36M | $17.64M |
YoY Change | -17.22% | 9.75% | 17.89% |
Operating Profit | -$228.3M | $11.95M | $5.246M |
YoY Change | 4861.47% | 127.87% | -614.31% |
Interest Expense | -$20.00K | -$317.0K | -$235.0K |
YoY Change | -96.43% | 34.89% | 235.71% |
% of Operating Profit | -2.65% | -4.48% | |
Other Income/Expense, Net | $110.0K | -$977.0K | -$928.0K |
YoY Change | -320.0% | 5.28% | 4540.0% |
Pretax Income | -$228.2M | $10.98M | $4.318M |
YoY Change | 4289.04% | 154.21% | -492.55% |
Income Tax | -$26.19M | $3.211M | $777.0K |
% Of Pretax Income | 29.25% | 17.99% | |
Net Earnings | -$203.6M | $6.323M | $3.386M |
YoY Change | 5989.29% | 86.74% | -1309.29% |
Net Earnings / Revenue | -405.6% | 10.09% | 6.05% |
Basic Earnings Per Share | -$4.51 | $0.14 | $0.07 |
Diluted Earnings Per Share | -$4.51 | $0.13 | $0.07 |
COMMON SHARES | |||
Basic Shares Outstanding | 45.01M | 44.94M | 43.68M |
Diluted Shares Outstanding | 47.40M | 47.12M |
Balance Sheet
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $25.10M | $27.40M | $20.20M |
YoY Change | -25.74% | 35.64% | 25.47% |
Cash & Equivalents | $25.13M | $27.44M | $20.22M |
Short-Term Investments | |||
Other Short-Term Assets | $2.000M | $3.800M | $1.400M |
YoY Change | 25.0% | 171.43% | -57.58% |
Inventory | $32.75M | $32.50M | $35.50M |
Prepaid Expenses | |||
Receivables | $49.98M | $58.00M | $55.20M |
Other Receivables | $4.685M | $4.800M | $2.600M |
Total Short-Term Assets | $114.6M | $126.5M | $114.9M |
YoY Change | -2.73% | 10.11% | 72.01% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $32.30M | $29.51M | $23.90M |
YoY Change | 36.55% | 23.47% | 143.88% |
Goodwill | $23.11M | $181.5M | |
YoY Change | -87.47% | ||
Intangibles | $48.99M | ||
YoY Change | -64.09% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.392M | $1.400M | $1.700M |
YoY Change | -10.94% | -17.65% | 30.77% |
Total Long-Term Assets | $115.1M | $339.3M | $353.9M |
YoY Change | -66.74% | -4.14% | 34.97% |
TOTAL ASSETS | |||
Total Short-Term Assets | $114.6M | $126.5M | $114.9M |
Total Long-Term Assets | $115.1M | $339.3M | $353.9M |
Total Assets | $229.7M | $465.8M | $468.8M |
YoY Change | -50.49% | -0.65% | 42.49% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $7.167M | $12.92M | $10.50M |
YoY Change | -3.77% | 23.06% | 72.13% |
Accrued Expenses | $4.084M | $4.225M | $7.400M |
YoY Change | -38.8% | -42.91% | 428.57% |
Deferred Revenue | $515.0K | $321.0K | |
YoY Change | 202.94% | ||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $2.236M | $2.530M | $3.200M |
YoY Change | -58.08% | -20.94% | |
Total Short-Term Liabilities | $25.63M | $32.50M | $34.70M |
YoY Change | -19.14% | -6.34% | 265.26% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $23.46M | $23.05M | $21.10M |
YoY Change | 8.08% | 9.25% | -76.81% |
Other Long-Term Liabilities | $1.258M | $1.200M | $10.20M |
YoY Change | -72.12% | -88.24% | 1600.0% |
Total Long-Term Liabilities | $27.85M | $23.05M | $31.30M |
YoY Change | -55.96% | -26.35% | -65.83% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $25.63M | $32.50M | $34.70M |
Total Long-Term Liabilities | $27.85M | $23.05M | $31.30M |
Total Liabilities | $53.47M | $93.00M | $109.0M |
YoY Change | -43.67% | -14.68% | -25.29% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$166.2M | $37.36M | |
YoY Change | -796.47% | ||
Common Stock | $411.9M | $409.1M | |
YoY Change | 3.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $337.0K | ||
YoY Change | 92.57% | ||
Treasury Stock Shares | $28.31K | $28.31K | |
Shareholders Equity | $161.3M | $372.8M | $359.8M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $229.7M | $465.8M | $468.8M |
YoY Change | -50.49% | -0.64% | 42.49% |
Cashflow Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$203.6M | $6.323M | $3.386M |
YoY Change | 5989.29% | 86.74% | -1309.29% |
Depreciation, Depletion And Amortization | $4.550M | $1.174M | $812.0K |
YoY Change | -36.01% | 44.58% | -87.43% |
Cash From Operating Activities | $6.410M | $120.0K | -$4.170M |
YoY Change | -51.59% | -102.88% | 11.2% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $5.870M | $6.160M | $1.460M |
YoY Change | 6422.22% | 321.92% | 1023.08% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $100.0K | $70.00K | -$74.89M |
YoY Change | -300.0% | -100.09% | 7464.65% |
Cash From Investing Activities | -$5.770M | -$6.090M | -$76.35M |
YoY Change | 4021.43% | -92.02% | 6778.38% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -1.720M | -500.0K | 20.78M |
YoY Change | 1463.64% | -102.41% | 34533.33% |
NET CHANGE | |||
Cash From Operating Activities | 6.410M | 120.0K | -4.170M |
Cash From Investing Activities | -5.770M | -6.090M | -76.35M |
Cash From Financing Activities | -1.720M | -500.0K | 20.78M |
Net Change In Cash | -1.080M | -6.470M | -59.74M |
YoY Change | -108.31% | -89.17% | 1144.58% |
FREE CASH FLOW | |||
Cash From Operating Activities | $6.410M | $120.0K | -$4.170M |
Capital Expenditures | $5.870M | $6.160M | $1.460M |
Free Cash Flow | $540.0K | -$6.040M | -$5.630M |
YoY Change | -95.89% | 7.28% | 45.1% |
Facts In Submission
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<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">Basis of Presentation</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">Our accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article </font><font style="display: inline;color:#000000;">8</font><font style="display: inline;color:#000000;"> of Regulation S-X of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), issued by the Securities Exchange Commission (“SEC”) and have not been audited by our independent registered public accounting firm. The Condensed Consolidated Balance Sheet at </font><font style="display: inline;color:#000000;">December 31, 2017</font><font style="display: inline;color:#000000;"> is derived from our audited financial statements. However, certain information and footnote disclosures required by GAAP for complete annual financial statements have been omitted or condensed as permitted by the rules and regulations of the SEC, and, therefore, these interim financial statements should be read in conjunction with our audited financial statements included in our Annual Report on Form 10-K filed with the SEC on March 9, 2018. In the opinion of management, these condensed consolidated financial statements, which have been prepared pursuant to the rules of the SEC and GAAP for interim financial reporting, reflect all adjustments, which consisted only of normal recurring adjustments that were necessary for a fair statement of the interim periods presented. The results of operations for interim periods are not necessarily indicative of those for a full year. All intercompany accounts and transactions have been eliminated for purposes of preparing these condensed consolidated financial statements.</font> </p> <p><font size="1"> </font></p> </div> </div> | ||
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28817000 | |
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
59774000 | ||
CY2017Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
19326000 | |
us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
57600000 | ||
CY2018Q3 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
20275000 | |
us-gaap |
Cost Of Services
CostOfServices
|
14423000 | ||
CY2017Q3 | us-gaap |
Cost Of Services
CostOfServices
|
6632000 | |
us-gaap |
Cost Of Services
CostOfServices
|
24721000 | ||
CY2018Q3 | us-gaap |
Cost Of Services
CostOfServices
|
8542000 | |
CY2017Q4 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
247000 | |
CY2017Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
27036000 | |
CY2018Q3 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
25582000 | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-12902000 | ||
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-2148000 | ||
CY2017Q4 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
24183000 | |
us-gaap |
Depreciation
Depreciation
|
2054000 | ||
CY2017Q3 | us-gaap |
Depreciation
Depreciation
|
812000 | |
us-gaap |
Depreciation
Depreciation
|
3429000 | ||
CY2018Q3 | us-gaap |
Depreciation
Depreciation
|
1174000 | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
20535000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
13288000 | ||
CY2018Q3 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
20912000 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.13 | ||
CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.07 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.29 | ||
CY2018Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.14 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.13 | ||
CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.07 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.28 | ||
CY2018Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.13 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.282 | ||
CY2017Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.180 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.157 | ||
CY2018Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.293 | |
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
-0.106 | ||
CY2018Q3 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.045 | |
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
20000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-933000 | ||
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
|
400000 | ||
us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
459000 | ||
us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
2433000 | ||
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
58667000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
66277000 | |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
195079000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
193130000 | |
CY2017Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
136412000 | |
CY2018Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
126853000 | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
224000 | ||
CY2017Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-787000 | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-399000 | ||
CY2018Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-688000 | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
40000 | ||
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
39000 | ||
CY2016Q4 | us-gaap |
Goodwill
Goodwill
|
122077000 | |
CY2018Q3 | us-gaap |
Goodwill
Goodwill
|
181500000 | |
CY2017 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
55409000 | |
CY2017 | us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
-6992000 | |
us-gaap |
Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
|
3032000 | ||
us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
54000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
7166000 | ||
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
4318000 | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
19950000 | ||
CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
184478000 | |
CY2018Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
10977000 | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
3350000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
22922000 | ||
us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
2000 | ||
us-gaap |
Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
|
58000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2022000 | ||
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
777000 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3137000 | ||
CY2018Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3211000 | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-983000 | ||
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
6959000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
3531000 | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-2371000 | ||
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
11919000 | ||
us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
-17812000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
12690000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1529000 | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
129000 | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
816000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
169000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2237000 | ||
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
16101000 | ||
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
10787000 | ||
us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
1792000 | ||
CY2017Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
1769000 | |
us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
1398000 | ||
CY2018Q3 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
1327000 | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1416000 | ||
CY2017Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1674000 | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1196000 | ||
CY2018Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1134000 | |
CY2017Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
136412000 | |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-3751000 | ||
CY2017Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-235000 | |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-1382000 | ||
CY2018Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
-317000 | |
CY2018Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
28424000 | |
CY2018Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
3389000 | |
CY2018Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
680000 | |
CY2017Q4 | us-gaap |
Inventory Net
InventoryNet
|
33135000 | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
1219000 | ||
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
94922000 | |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
463913000 | |
CY2017Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
63233000 | |
CY2017Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
5334000 | |
CY2018Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
2530000 | |
CY2017Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
21702000 | |
CY2018Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
23052000 | |
CY2017Q4 | us-gaap |
Minority Interest
MinorityInterest
|
12144000 | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
500000 | ||
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <a name="_Hlk495593750"></a><font style="display: inline;font-weight:bold;">Nature of Business</font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <p style="margin:0pt;text-indent:18pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;background-color: #FFFFFF;">NCS Multistage Holdings, Inc., through its wholly owned subsidiaries and subsidiaries for which we have a controlling voting interest (collectively referred to as the “Company,” “NCS,” “we” or “us”), is primarily engaged in providing engineered products and support services for oil and natural gas well completions and field </font><font style="display: inline;color:#000000;">development</font><font style="display: inline;color:#000000;background-color: #FFFFFF;"> strategies. We offer our products and services primarily to exploration and production companies for use in onshore wells. We operate through</font><font style="display: inline;color:#000000;background-color: #FFFFFF;"> </font><font style="display: inline;color:#000000;background-color: #FFFFFF;">service facilities principally located in Houston, Midland and Corpus Christi, Texas; Tulsa and Oklahoma City, Oklahoma; and Calgary, Red Deer, Grande Prairie and Estevan, Canada. </font> </p> <p><font size="1"> </font></p> </div> </div> | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
84137000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-3409000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-85079000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-9642000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2869000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
7615000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
5445000 | ||
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3386000 | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
13248000 | ||
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6323000 | |
CY2018Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-977000 | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
9561000 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-301000 | ||
CY2017Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
155000 | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
3565000 | ||
CY2018Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1443000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
5221000 | ||
CY2017Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3248000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
12738000 | ||
CY2018Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
6100000 | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-2395000 | ||
CY2017Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-928000 | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1713000 | ||
CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5246000 | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
21663000 | ||
CY2018Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
11954000 | |
CY2017Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1563000 | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
17097000 | ||
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
9504000 | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-6553000 | ||
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
4371000 | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
0 | ||
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
0 | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
0 | ||
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
0 | |
CY2017Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
4513000 | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1132000 | ||
CY2017Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
94000 | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
68000 | ||
CY2018Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
28000 | |
CY2017Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
1369000 | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
161000 | ||
us-gaap |
Payments For Software
PaymentsForSoftware
|
2588000 | ||
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
971000 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
2178000 | ||
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
80928000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
5332000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
7352000 | ||
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
500000 | ||
CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2018Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
1 | |
CY2018Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
1 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
1 | |
CY2018Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
1 | |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2017Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1616000 | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
151356000 | ||
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
20000000 | ||
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
752000 | ||
us-gaap |
Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
|
1000000 | ||
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
181000 | ||
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
298000 | ||
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1001000 | ||
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
3541000 | |
us-gaap |
Profit Loss
ProfitLoss
|
16813000 | ||
CY2018Q3 | us-gaap |
Profit Loss
ProfitLoss
|
7766000 | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
29905000 | |
CY2018Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
34051000 | |
CY2017Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
23651000 | |
CY2018Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
29509000 | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
3661000 | ||
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
8366000 | ||
us-gaap |
Repayments Of Medium Term Notes
RepaymentsOfMediumTermNotes
|
89077000 | ||
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
158000 | ||
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
1437000 | ||
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
23864000 | |
CY2018Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
24111000 | |
CY2018Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
37359000 | |
us-gaap |
Revenue Performance Obligation Description Of Good Or Service
RevenuePerformanceObligationDescriptionOfGoodOrService
|
Greater than 99% of our product and service revenues are considered a single performance obligation. Our self-service product line, which is less than one percent of our revenue for the three and nine months ended September 30, 2018, is made up of two performance obligations: (i) the delivery of tracer materials to a customer well site and (ii) the creation of diagnostic reports ordered by customers when we do not perform an integrated service. | ||
CY2017Q3 | us-gaap |
Revenues
Revenues
|
55957000 | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
46572000 | ||
CY2017Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
17637000 | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
62508000 | ||
CY2018Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
19356000 | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3889000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8197000 | ||
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
356847000 | |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
368991000 | |
CY2017Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
18348 | |
CY2018Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
28308 | |
CY2018Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
388034000 | |
us-gaap |
Stock Issued1
StockIssued1
|
6907000 | ||
us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
19861000 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
148936000 | ||
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1001000 | ||
CY2017Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
10561000 | |
CY2018Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
10627000 | |
CY2018Q3 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
119000 | |
CY2017Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
175000 | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
162000 | ||
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
224000 | ||
CY2017Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
138000 | |
us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
510000 | ||
CY2018Q3 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
223000 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
42537000 | ||
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
47119000 | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
47254000 | ||
CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
47404000 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39329000 | ||
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43676000 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
44660000 | ||
CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
44943000 | |
us-gaap |
Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
|
1422000 |