2012 Q2 Form 10-Q Financial Statement

#000119312512333791 Filed on August 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $76.36M $63.30M
YoY Change 20.64% -5.25%
Cost Of Revenue $16.86M $13.90M
YoY Change 21.35% -4.82%
Gross Profit $59.50M $49.40M
YoY Change 20.44% -5.36%
Gross Profit Margin 77.92% 78.05%
Selling, General & Admin $36.71M $33.31M
YoY Change 10.21% 9.56%
% of Gross Profit 61.69% 67.42%
Research & Development $14.08M $11.32M
YoY Change 24.36% 15.51%
% of Gross Profit 23.66% 22.91%
Depreciation & Amortization $4.375M $3.781M
YoY Change 15.71% 8.03%
% of Gross Profit 7.35% 7.65%
Operating Expenses $51.28M $45.11M
YoY Change 13.69% 11.1%
Operating Profit $8.216M $4.292M
YoY Change 91.43% -63.0%
Interest Expense $296.0K $500.0K
YoY Change -40.8% -225.0%
% of Operating Profit 3.6% 11.65%
Other Income/Expense, Net -$356.0K -$399.0K
YoY Change -10.78%
Pretax Income $7.860M $3.893M
YoY Change 101.9% -64.93%
Income Tax $2.852M $1.494M
% Of Pretax Income 36.28% 38.38%
Net Earnings $5.008M $2.399M
YoY Change 108.75% -66.21%
Net Earnings / Revenue 6.56% 3.79%
Basic Earnings Per Share $0.12 $0.06
Diluted Earnings Per Share $0.12 $0.06
COMMON SHARES
Basic Shares Outstanding 41.74M shares 42.61M shares
Diluted Shares Outstanding 42.45M shares 43.34M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $209.5M $181.8M
YoY Change 15.24% 12.5%
Cash & Equivalents $135.0M $67.17M
Short-Term Investments $74.50M $142.3M
Other Short-Term Assets $9.900M $8.200M
YoY Change 20.73% 13.89%
Inventory $7.494M $9.600M
Prepaid Expenses
Receivables $38.81M $41.40M
Other Receivables $4.900M $5.300M
Total Short-Term Assets $270.7M $246.3M
YoY Change 9.91% 12.21%
LONG-TERM ASSETS
Property, Plant & Equipment $17.03M $14.60M
YoY Change 16.64% 14.06%
Goodwill $169.5M
YoY Change
Intangibles $52.45M
YoY Change
Long-Term Investments $29.70M $27.40M
YoY Change 8.39% -6.8%
Other Assets $1.840M $26.30M
YoY Change -93.0% -13.49%
Total Long-Term Assets $285.9M $260.2M
YoY Change 9.88% 2.89%
TOTAL ASSETS
Total Short-Term Assets $270.7M $246.3M
Total Long-Term Assets $285.9M $260.2M
Total Assets $556.6M $506.5M
YoY Change 9.9% 7.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.106M $6.600M
YoY Change 22.82% -22.35%
Accrued Expenses $24.90M $18.00M
YoY Change 38.33% -2.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M
YoY Change 20.0%
Total Short-Term Liabilities $125.6M $118.2M
YoY Change 6.23% 2.69%
LONG-TERM LIABILITIES
Long-Term Debt $62.00M $49.40M
YoY Change 25.51% -23.29%
Other Long-Term Liabilities $2.161M $16.00M
YoY Change -86.49% -6.98%
Total Long-Term Liabilities $64.16M $65.40M
YoY Change -1.89% -19.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $125.6M $118.2M
Total Long-Term Liabilities $64.16M $65.40M
Total Liabilities $214.6M $183.5M
YoY Change 16.97% -6.71%
SHAREHOLDERS EQUITY
Retained Earnings $165.9M
YoY Change
Common Stock $48.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $62.45M
YoY Change
Treasury Stock Shares 6.692M shares
Shareholders Equity $342.0M $322.9M
YoY Change
Total Liabilities & Shareholders Equity $556.6M $506.5M
YoY Change 9.9% 7.22%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $5.008M $2.399M
YoY Change 108.75% -66.21%
Depreciation, Depletion And Amortization $4.375M $3.781M
YoY Change 15.71% 8.03%
Cash From Operating Activities $36.12M $4.755M
YoY Change 659.71% -80.1%
INVESTING ACTIVITIES
Capital Expenditures $2.721M $2.143M
YoY Change 26.97% -202.05%
Acquisitions $0.00 $16.95M
YoY Change -100.0%
Other Investing Activities -$7.800M -$25.30M
YoY Change -69.17% -267.55%
Cash From Investing Activities -$10.51M -$27.43M
YoY Change -61.68% -311.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.413M $1.426M
YoY Change 349.72% 1326.0%
Debt Paid & Issued, Net $0.00 $3.750M
YoY Change -100.0%
Cash From Financing Activities -7.861M -5.020M
YoY Change 56.59% 128.18%
NET CHANGE
Cash From Operating Activities 36.12M 4.755M
Cash From Investing Activities -10.51M -27.43M
Cash From Financing Activities -7.861M -5.020M
Net Change In Cash 17.75M -27.70M
YoY Change -164.1% -179.81%
FREE CASH FLOW
Cash From Operating Activities $36.12M $4.755M
Capital Expenditures $2.721M $2.143M
Free Cash Flow $33.40M $2.612M
YoY Change 1178.83% -89.95%

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CY2012Q2 ntct Number Of Direct Customer Or Indirect Channel Partner Contributing More Than Ten Percent Of Total Revenue
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