2016 Q1 Form 10-Q Financial Statement
#000114420416100496 Filed on May 10, 2016
Income Statement
| Concept | 2016 Q1 | 2015 Q2 | 2015 Q1 |
|---|---|---|---|
| Revenue | $19.81M | $22.96M | $17.89M |
| YoY Change | 10.7% | 6.69% | 3.6% |
| Cost Of Revenue | $13.70M | $13.62M | $12.55M |
| YoY Change | 9.18% | 2.87% | 4.96% |
| Gross Profit | $6.108M | $9.340M | $5.346M |
| YoY Change | 14.25% | 12.8% | 0.55% |
| Gross Profit Margin | 30.84% | 40.68% | 29.88% |
| Selling, General & Admin | $4.894M | $5.880M | $4.869M |
| YoY Change | 0.51% | 7.89% | 6.59% |
| % of Gross Profit | 80.12% | 62.96% | 91.08% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $217.0K | $430.0K | $222.0K |
| YoY Change | -2.25% | -6.52% | -8.26% |
| % of Gross Profit | 3.55% | 4.6% | 4.15% |
| Operating Expenses | $4.894M | $5.880M | $4.869M |
| YoY Change | 0.51% | 7.69% | 6.59% |
| Operating Profit | $1.217M | $3.460M | $477.0K |
| YoY Change | 155.14% | 22.7% | -36.32% |
| Interest Expense | $45.00K | -$50.00K | $52.00K |
| YoY Change | -13.46% | -16.67% | -11.86% |
| % of Operating Profit | 3.7% | -1.45% | 10.9% |
| Other Income/Expense, Net | $0.00 | -$4.000K | |
| YoY Change | 0.0% | ||
| Pretax Income | $1.169M | $3.410M | $421.0K |
| YoY Change | 177.67% | 23.55% | -38.63% |
| Income Tax | $125.0K | $70.00K | $26.00K |
| % Of Pretax Income | 10.69% | 2.05% | 6.18% |
| Net Earnings | $1.044M | $3.340M | $395.0K |
| YoY Change | 164.3% | 42.74% | -39.23% |
| Net Earnings / Revenue | 5.27% | 14.55% | 2.21% |
| Basic Earnings Per Share | $0.06 | $0.02 | |
| Diluted Earnings Per Share | $0.06 | $175.9K | $0.02 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 18.81M shares | 18.97M shares | 19.07M shares |
| Diluted Shares Outstanding | 18.83M shares | 19.07M shares |
Balance Sheet
| Concept | 2016 Q1 | 2015 Q2 | 2015 Q1 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $3.300M | $2.300M | $1.700M |
| YoY Change | 94.12% | -8.0% | -29.17% |
| Cash & Equivalents | $3.294M | $2.346M | $1.700M |
| Short-Term Investments | |||
| Other Short-Term Assets | $2.100M | $1.900M | $2.100M |
| YoY Change | 0.0% | 11.76% | 10.53% |
| Inventory | $20.60M | $22.76M | $22.90M |
| Prepaid Expenses | |||
| Receivables | $16.10M | $17.99M | $14.60M |
| Other Receivables | $0.00 | $0.00 | $100.0K |
| Total Short-Term Assets | $42.10M | $45.02M | $41.40M |
| YoY Change | 1.69% | 5.49% | 3.3% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $6.000M | $6.234M | $6.300M |
| YoY Change | -4.76% | -2.5% | -3.33% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | $8.886M | ||
| YoY Change | -6.97% | ||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $5.800M | $147.0K | $5.000M |
| YoY Change | 16.0% | -11.98% | 2806.98% |
| Total Long-Term Assets | $20.30M | $20.01M | $20.30M |
| YoY Change | 0.0% | -3.24% | -2.25% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $42.10M | $45.02M | $41.40M |
| Total Long-Term Assets | $20.30M | $20.01M | $20.30M |
| Total Assets | $62.40M | $65.04M | $61.70M |
| YoY Change | 1.13% | 2.64% | 1.4% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $3.200M | $3.954M | $3.900M |
| YoY Change | -17.95% | -3.14% | -2.52% |
| Accrued Expenses | $3.600M | $1.624M | $1.710M |
| YoY Change | 110.53% | -6.51% | -44.84% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $900.0K | $1.600M | $1.600M |
| YoY Change | -43.75% | 0.0% | 0.0% |
| Total Short-Term Liabilities | $8.000M | $9.433M | $9.100M |
| YoY Change | -12.09% | 2.06% | 2.89% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $6.600M | $9.100M | $9.000M |
| YoY Change | -26.67% | -10.78% | -15.09% |
| Other Long-Term Liabilities | $0.00 | $200.0K | |
| YoY Change | -100.0% | 0.0% | |
| Total Long-Term Liabilities | $6.600M | $9.100M | $9.200M |
| YoY Change | -28.26% | -10.78% | -13.21% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $8.000M | $9.433M | $9.100M |
| Total Long-Term Liabilities | $6.600M | $9.100M | $9.200M |
| Total Liabilities | $14.60M | $18.53M | $18.20M |
| YoY Change | -19.78% | -5.5% | -7.2% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $40.40M | ||
| YoY Change | 13.63% | ||
| Common Stock | $16.34M | ||
| YoY Change | 0.62% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | $10.24M | ||
| YoY Change | 27.27% | ||
| Treasury Stock Shares | 2.330M shares | 2.083M shares | 2.029M shares |
| Shareholders Equity | $47.80M | $46.50M | $43.50M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $62.40M | $65.04M | $61.70M |
| YoY Change | 1.13% | 2.64% | 1.4% |
Cashflow Statement
| Concept | 2016 Q1 | 2015 Q2 | 2015 Q1 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $1.044M | $3.340M | $395.0K |
| YoY Change | 164.3% | 42.74% | -39.23% |
| Depreciation, Depletion And Amortization | $217.0K | $430.0K | $222.0K |
| YoY Change | -2.25% | -6.52% | -8.26% |
| Cash From Operating Activities | $2.400M | $1.110M | $1.040M |
| YoY Change | 130.77% | 136.17% | 511.76% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$160.0K | -$230.0K | -$180.0K |
| YoY Change | -11.11% | 64.29% | -25.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | |||
| YoY Change | |||
| Cash From Investing Activities | -$160.0K | -$230.0K | -$180.0K |
| YoY Change | -11.11% | 64.29% | -25.0% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -820.0K | -200.0K | -900.0K |
| YoY Change | -8.89% | -28.57% | 2.27% |
| NET CHANGE | |||
| Cash From Operating Activities | 2.400M | 1.110M | 1.040M |
| Cash From Investing Activities | -160.0K | -230.0K | -180.0K |
| Cash From Financing Activities | -820.0K | -200.0K | -900.0K |
| Net Change In Cash | 1.420M | 680.0K | -40.00K |
| YoY Change | -3650.0% | 1260.0% | -95.79% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $2.400M | $1.110M | $1.040M |
| Capital Expenditures | -$160.0K | -$230.0K | -$180.0K |
| Free Cash Flow | $2.560M | $1.340M | $1.220M |
| YoY Change | 109.84% | 119.67% | 197.56% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
529000 | USD |
| CY2016Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
441000 | USD |
| CY2016Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
371000 | USD |
| CY2016Q1 | nssc |
Inventory Component Parts Current And Noncurrent Net Of Reserves
InventoryComponentPartsCurrentAndNoncurrentNetOfReserves
|
14238000 | USD |
| CY2015Q2 | nssc |
Inventory Component Parts Current And Noncurrent Net Of Reserves
InventoryComponentPartsCurrentAndNoncurrentNetOfReserves
|
15037000 | USD |
| CY2016Q1 | nssc |
Inventory Work In Process Current And Noncurrent Net Of Reserves
InventoryWorkInProcessCurrentAndNoncurrentNetOfReserves
|
3915000 | USD |
| CY2015Q2 | nssc |
Inventory Work In Process Current And Noncurrent Net Of Reserves
InventoryWorkInProcessCurrentAndNoncurrentNetOfReserves
|
4136000 | USD |
| CY2016Q1 | nssc |
Inventory Finished Goods Current And Noncurrent Net Of Reserves
InventoryFinishedGoodsCurrentAndNoncurrentNetOfReserves
|
7289000 | USD |
| CY2015Q2 | nssc |
Inventory Finished Goods Current And Noncurrent Net Of Reserves
InventoryFinishedGoodsCurrentAndNoncurrentNetOfReserves
|
7697000 | USD |
| CY2015Q2 | nssc |
Percentage Of Single Significant Customer Balance To Total Accounts Receivables
PercentageOfSingleSignificantCustomerBalanceToTotalAccountsReceivables
|
0.22 | pure |
| CY2016Q1 | nssc |
Percentage Of Single Significant Customer Balance To Total Accounts Receivables
PercentageOfSingleSignificantCustomerBalanceToTotalAccountsReceivables
|
0.25 | pure |
| CY2016Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
7500000 | USD |
| CY2016Q1 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
460000 | USD |
| CY2016Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
131000 | USD |
| CY2015Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
167000 | USD |
| CY2014Q3 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
1000000 | shares |
| CY2014Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
19400000 | shares |
| us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
192767 | shares | |
| us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
5.73 | ||
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
92000 | USD | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
101000 | USD | |
| CY2016Q1 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
6000000 | USD |
| CY2016Q1 | nssc |
Number Of Required Debt Repayments From Inception
NumberOfRequiredDebtRepaymentsFromInception
|
28 | pure |
| CY2016Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
34415000 | USD |
| CY2015Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
33784000 | USD |
| CY2016Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
217000 | USD |
| CY2015Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
222000 | USD |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
631000 | USD | |
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
634000 | USD | |
| us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P13Y3M18D | ||
| CY2016Q1 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
16040000 | USD |
| CY2016Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
7552000 | USD |
| CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
8886000 | USD |
| CY2016Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
264000 | USD |
| us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P12Y3M18D | ||
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
398000 | USD | |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
500000 | USD | |
| CY2016Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
313000 | USD |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
4000 | shares | |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
2335000 | USD | |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1505000 | USD | |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
2335000 | USD | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
20000 | shares | |
| us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
1505000 | USD | |
| CY2016Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1044000 | USD |
| CY2015Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
395000 | USD |
| CY2016Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
1044000 | USD |
| CY2015Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
395000 | USD |
| CY2016Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
17000 | shares |
| CY2015Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
7000 | shares |
| CY2016Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
165615 | shares |
| CY2015Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
262000 | shares |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
147038 | shares | |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
258583 | shares | |
| CY2016Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2015Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2016Q1 | us-gaap |
Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
|
59556000 | USD |
| CY2015Q2 | us-gaap |
Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
|
56742000 | USD |
| CY2016Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2015Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2016Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
40000000 | shares |
| CY2015Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
40000000 | shares |
| CY2016Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
21116743 | shares |
| CY2015Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
21049243 | shares |
| CY2016Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
18786893 | shares |
| CY2015Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
18966028 | shares |
| CY2016Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
2329850 | shares |
| CY2015Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
2083215 | shares |
| CY2016Q1 | nssc |
Sales Returns And Allowances Percentage
SalesReturnsAndAllowancesPercentage
|
0.06 | pure |
| CY2015Q1 | nssc |
Sales Returns And Allowances Percentage
SalesReturnsAndAllowancesPercentage
|
0.08 | pure |
| nssc |
Sales Returns And Allowances Percentage
SalesReturnsAndAllowancesPercentage
|
0.07 | pure | |
| nssc |
Sales Returns And Allowances Percentage
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|
0.08 | pure | |
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Nature Of Operations
NatureOfOperations
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Nature of Business</u>:</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Napco Security Technologies, Inc. and Subsidiaries (the "Company") is a diversified manufacturer of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products for commercial and residential use. These products are used for commercial, residential, institutional, industrial and governmental applications, and are sold worldwide principally to independent distributors, dealers and installers of security equipment.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company's fiscal year begins on July 1 and ends on June 30. Historically, the end users of the Company's products want to install its products prior to the summer; therefore sales of its products historically peak in the period April 1 through June 30, the Company's fiscal fourth quarter, and are reduced in the period July 1 through September 30, the Company's fiscal first quarter. In addition, demand is affected by the housing and construction markets.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Accounting Estimates</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent gains and losses at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Critical estimates include management's judgments associated with reserves for sales returns and allowances, concentration of credit risk, inventory reserves, intangible assets and income taxes. Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
| us-gaap |
Revenue Recognition Sales Returns
RevenueRecognitionSalesReturns
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Sales Returns and Other Allowances</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company analyzes sales returns and is able to make reasonable and reliable estimates of product returns based on the Company’s past history. Estimates for sales returns are based on several factors including actual returns and based on expected return data communicated to it by its customers. Accordingly, the Company believes that its historical returns analysis is an accurate basis for its allowance for sales returns. Actual results could differ from those estimates. As a percentage of gross sales, sales returns, rebates and allowances were <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 6</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8</font>% for the three months ended March 31, 2016 and 2015, respectively. As a percentage of gross sales, sales returns, rebates and allowances were <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">7</font>% and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8</font>% for the nine months ended March 31, 2016 and 2015, respectively.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
| us-gaap |
Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Advertising and Promotional Costs</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Advertising and promotional costs are included in "Selling, General and Administrative" expenses in the consolidated statements of operations and are expensed as incurred. Advertising expense for the three months ended March 31, 2016 and 2015 was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">259,000</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">172,000</font>, respectively. Advertising expense for the nine months ended March 31, 2016 and 2015 was $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1,328,000</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1,028,000</font>, respectively.</div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
| CY2016Q1 | nssc |
Inventory Current And Noncurrent Net
InventoryCurrentAndNoncurrentNet
|
25442000 | USD |
| CY2015Q2 | nssc |
Inventory Current And Noncurrent Net
InventoryCurrentAndNoncurrentNet
|
26870000 | USD |
| CY2016Q1 | nssc |
Inventory Current And Noncurrent Net Of Reserves
InventoryCurrentAndNoncurrentNetOfReserves
|
25442000 | USD |
| CY2015Q2 | nssc |
Inventory Current And Noncurrent Net Of Reserves
InventoryCurrentAndNoncurrentNetOfReserves
|
26870000 | USD |
| CY2016Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
40448000 | USD |
| CY2015Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
40018000 | USD |
| CY2016Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
0 | USD |
| CY2015Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
0 | USD |
| CY2015Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
16040000 | USD |
| CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
7154000 | USD |
| CY2016Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
8488000 | USD |
| CY2016Q1 | us-gaap |
Area Of Land
AreaOfLand
|
0 | acre |
| CY2016Q1 | nssc |
Share Based Compensation Cost Effect On Earnings Per Share Basic And Diluted
ShareBasedCompensationCostEffectOnEarningsPerShareBasicAndDiluted
|
0.00 | |
| CY2015Q1 | nssc |
Share Based Compensation Cost Effect On Earnings Per Share Basic And Diluted
ShareBasedCompensationCostEffectOnEarningsPerShareBasicAndDiluted
|
0.00 | |
| nssc |
Share Based Compensation Cost Effect On Earnings Per Share Basic And Diluted
ShareBasedCompensationCostEffectOnEarningsPerShareBasicAndDiluted
|
0.00 | ||
| nssc |
Share Based Compensation Cost Effect On Earnings Per Share Basic And Diluted
ShareBasedCompensationCostEffectOnEarningsPerShareBasicAndDiluted
|
0.00 |
