2016 Q3 Form 10-Q Financial Statement

#000162828016018661 Filed on August 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $224.5M $232.5M $246.9M
YoY Change -9.17% -5.85% -0.09%
Cost Of Revenue $162.0M $168.3M $182.1M
YoY Change -11.01% -7.57% 0.17%
Gross Profit $61.72M $63.27M $64.82M
YoY Change -5.38% -2.39% 4.13%
Gross Profit Margin 27.49% 27.22% 26.25%
Selling, General & Admin $17.70M $13.70M $27.00M
YoY Change -1.12% -49.26% -54.85%
% of Gross Profit 28.68% 21.65% 41.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.200M $4.300M $4.130M
YoY Change 4.24% 4.12% 4.35%
% of Gross Profit 6.8% 6.8% 6.37%
Operating Expenses $64.50M $58.60M $76.50M
YoY Change -1.68% -23.4% 34.92%
Operating Profit -$2.779M $4.666M -$254.0M
YoY Change -85.59% -101.84% 3860.78%
Interest Expense -$9.300M -$9.500M -$9.100M
YoY Change -2.11% 4.4% -199.62%
% of Operating Profit -203.6%
Other Income/Expense, Net
YoY Change
Pretax Income -$11.01M -$8.770M -$264.8M
YoY Change -61.75% -96.69% 1437.79%
Income Tax $421.0K $149.0K -$19.92M
% Of Pretax Income
Net Earnings -$11.33M -$8.750M -$244.8M
YoY Change -32.51% -96.43% 1135.28%
Net Earnings / Revenue -5.04% -3.76% -99.15%
Basic Earnings Per Share
Diluted Earnings Per Share -$393.7K -$448.1K -$14.23M
COMMON SHARES
Basic Shares Outstanding 113.9M shares 68.78M shares 68.65M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.800M $51.40M $1.200M
YoY Change -90.48% 4183.33% -20.0%
Cash & Equivalents $2.835M $51.43M $1.173M
Short-Term Investments
Other Short-Term Assets $19.50M $16.50M $10.40M
YoY Change -10.96% 58.65% -15.45%
Inventory $33.38M $32.45M $42.36M
Prepaid Expenses
Receivables $103.7M $98.60M $131.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $159.4M $199.0M $185.4M
YoY Change -20.08% 7.34% -22.36%
LONG-TERM ASSETS
Property, Plant & Equipment $33.71M $30.79M $34.91M
YoY Change -1.16% -11.79% -12.43%
Goodwill $373.1M $308.7M $335.3M
YoY Change 20.84% -7.93% -41.47%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.055M $1.203M $1.192M
YoY Change 77.46% 0.92% -9.56%
Total Long-Term Assets $436.0M $344.2M $391.7M
YoY Change 20.04% -12.13% -39.27%
TOTAL ASSETS
Total Short-Term Assets $159.4M $199.0M $185.4M
Total Long-Term Assets $436.0M $344.2M $391.7M
Total Assets $595.4M $543.2M $577.1M
YoY Change 5.82% -5.87% -34.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.70M $48.89M $77.09M
YoY Change -14.39% -36.58% 10.52%
Accrued Expenses $43.10M $39.90M $47.60M
YoY Change -14.48% -16.18% 4.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $48.20M $9.400M $200.0K
YoY Change 21.72% 4600.0% -50.0%
Total Short-Term Liabilities $140.9M $101.7M $134.0M
YoY Change -4.03% -24.15% 6.72%
LONG-TERM LIABILITIES
Long-Term Debt $388.1M $390.1M $418.6M
YoY Change -5.18% -6.81% 0.07%
Other Long-Term Liabilities $4.502M $1.655M $6.891M
YoY Change -33.73% -75.98% -19.68%
Total Long-Term Liabilities $4.502M $1.655M $6.891M
YoY Change -33.73% -75.98% -19.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $140.9M $101.7M $134.0M
Total Long-Term Liabilities $4.502M $1.655M $6.891M
Total Liabilities $550.1M $494.0M $562.5M
YoY Change -2.3% -12.17% -1.12%
SHAREHOLDERS EQUITY
Retained Earnings -$630.9M -$619.7M -$566.7M
YoY Change 8.14% 9.35% 183.53%
Common Stock $606.7M $612.6M $534.1M
YoY Change 13.81% 14.7% 1.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00 $11.01M $10.72M
YoY Change -100.0% 2.74% 3.92%
Treasury Stock Shares 0.000 shares 2.761M shares 2.645M shares
Shareholders Equity -$24.28M -$18.08M -$43.29M
YoY Change
Total Liabilities & Shareholders Equity $595.4M $543.2M $577.1M
YoY Change 5.82% -5.87% -34.7%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income -$11.33M -$8.750M -$244.8M
YoY Change -32.51% -96.43% 1135.28%
Depreciation, Depletion And Amortization $4.200M $4.300M $4.130M
YoY Change 4.24% 4.12% 4.35%
Cash From Operating Activities -$16.90M -$10.60M -$18.20M
YoY Change -17.16% -41.76% 264.0%
INVESTING ACTIVITIES
Capital Expenditures -$2.500M -$3.100M -$3.700M
YoY Change -41.86% -16.22% -2.63%
Acquisitions
YoY Change
Other Investing Activities -$64.40M $0.00 $0.00
YoY Change -387.5% -100.0%
Cash From Investing Activities -$67.10M -$3.000M -$3.700M
YoY Change -472.78% -18.92% 12.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 35.40M 57.00M -200.0K
YoY Change 15.31% -28600.0% -140.0%
NET CHANGE
Cash From Operating Activities -16.90M -10.60M -18.20M
Cash From Investing Activities -67.10M -3.000M -3.700M
Cash From Financing Activities 35.40M 57.00M -200.0K
Net Change In Cash -48.60M 43.40M -22.10M
YoY Change -271.73% -296.38% 183.33%
FREE CASH FLOW
Cash From Operating Activities -$16.90M -$10.60M -$18.20M
Capital Expenditures -$2.500M -$3.100M -$3.700M
Free Cash Flow -$14.40M -$7.500M -$14.50M
YoY Change -10.56% -48.28% 1108.33%

Facts In Submission

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us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2016Q2 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1126000 USD
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us-gaap Income Tax Reconciliation State And Local Income Taxes
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3000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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5797000 USD
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5466000 USD
us-gaap Payments Of Financing Costs
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1218000 USD
us-gaap Payments Of Financing Costs
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0 USD
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0 USD
us-gaap Payments Of Stock Issuance Costs
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CY2015Q4 us-gaap Preferred Stock Shares Authorized
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CY2015Q4 us-gaap Preferred Stock Shares Issued
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CY2016Q2 us-gaap Preferred Stock Shares Issued
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CY2015Q4 us-gaap Preferred Stock Shares Outstanding
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CY2016Q2 us-gaap Preferred Stock Shares Outstanding
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0 USD
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us-gaap Repayments Of Long Term Capital Lease Obligations
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345000 USD
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129000 USD
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134163000 USD
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us-gaap Restructuring Charges
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3932000 USD
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173000 USD
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345000 USD
CY2015Q2 us-gaap Temporary Equity Dividends Adjustment
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1805000 USD
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2258000 USD
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2186000 USD
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CY2015Q4 us-gaap Treasury Stock Shares
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CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
70978000 shares

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