2017 Q3 Form 10-Q Financial Statement

#000162828017008259 Filed on August 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q2
Revenue $198.7M $218.1M $232.5M
YoY Change -11.51% -6.18% -5.85%
Cost Of Revenue $132.1M $150.5M $168.3M
YoY Change -18.42% -10.58% -7.57%
Gross Profit $66.56M $67.61M $63.27M
YoY Change 7.84% 6.87% -2.39%
Gross Profit Margin 33.5% 31.0% 27.22%
Selling, General & Admin $15.90M $15.80M $13.70M
YoY Change -10.17% 15.33% -49.26%
% of Gross Profit 23.89% 23.37% 21.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.100M $7.000M $4.300M
YoY Change 69.05% 62.79% 4.12%
% of Gross Profit 10.67% 10.35% 6.8%
Operating Expenses $62.30M $65.10M $58.60M
YoY Change -3.41% 11.09% -23.4%
Operating Profit $4.263M $2.511M $4.666M
YoY Change -253.4% -46.19% -101.84%
Interest Expense -$13.40M -$12.60M -$9.500M
YoY Change 44.09% 32.63% 4.4%
% of Operating Profit -314.33% -501.79% -203.6%
Other Income/Expense, Net
YoY Change
Pretax Income -$13.00M -$28.43M -$8.770M
YoY Change 18.03% 224.2% -96.69%
Income Tax $60.00K $718.0K $149.0K
% Of Pretax Income
Net Earnings -$12.99M -$29.52M -$8.750M
YoY Change 14.7% 237.41% -96.43%
Net Earnings / Revenue -6.54% -13.54% -3.76%
Basic Earnings Per Share
Diluted Earnings Per Share -$407.5K -$973.6K -$448.1K
COMMON SHARES
Basic Shares Outstanding 127.5M shares 121.0M shares 68.78M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.00M $40.50M $51.40M
YoY Change 1078.57% -21.21% 4183.33%
Cash & Equivalents $33.01M $40.53M $51.43M
Short-Term Investments
Other Short-Term Assets $20.20M $18.10M $16.50M
YoY Change 3.59% 9.7% 58.65%
Inventory $27.78M $28.82M $32.45M
Prepaid Expenses
Receivables $89.20M $103.1M $98.60M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $170.2M $190.5M $199.0M
YoY Change 6.78% -4.28% 7.34%
LONG-TERM ASSETS
Property, Plant & Equipment $28.73M $30.06M $30.79M
YoY Change -14.78% -2.36% -11.79%
Goodwill $367.2M $365.9M $308.7M
YoY Change -1.57% 18.53% -7.93%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.415M $2.204M $1.203M
YoY Change 17.52% 83.21% 0.92%
Total Long-Term Assets $420.1M $422.9M $344.2M
YoY Change -3.66% 22.85% -12.13%
TOTAL ASSETS
Total Short-Term Assets $170.2M $190.5M $199.0M
Total Long-Term Assets $420.1M $422.9M $344.2M
Total Assets $590.2M $613.4M $543.2M
YoY Change -0.87% 12.91% -5.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.69M $46.38M $48.89M
YoY Change -6.58% -5.13% -36.58%
Accrued Expenses $39.60M $49.90M $39.90M
YoY Change -8.12% 25.06% -16.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.800M $1.700M $9.400M
YoY Change -96.27% -81.91% 4600.0%
Total Short-Term Liabilities $89.03M $102.9M $101.7M
YoY Change -36.82% 1.2% -24.15%
LONG-TERM LIABILITIES
Long-Term Debt $476.8M $475.7M $390.1M
YoY Change 22.85% 21.94% -6.81%
Other Long-Term Liabilities $18.88M $17.94M $1.655M
YoY Change 319.35% 984.11% -75.98%
Total Long-Term Liabilities $18.88M $17.94M $1.655M
YoY Change 319.35% 984.11% -75.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $89.03M $102.9M $101.7M
Total Long-Term Liabilities $18.88M $17.94M $1.655M
Total Liabilities $588.8M $600.0M $494.0M
YoY Change 7.05% 21.46% -12.17%
SHAREHOLDERS EQUITY
Retained Earnings -$704.6M -$692.0M -$619.7M
YoY Change 11.67% 11.68% 9.35%
Common Stock $626.6M $628.6M $612.6M
YoY Change 3.28% 2.6% 14.7%
Preferred Stock
YoY Change
Treasury Stock (at cost) $16.00K $11.01M
YoY Change 2.74%
Treasury Stock Shares 5.106K shares 2.761M shares
Shareholders Equity -$78.00M -$63.49M -$18.08M
YoY Change
Total Liabilities & Shareholders Equity $590.2M $613.4M $543.2M
YoY Change -0.87% 12.91% -5.87%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income -$12.99M -$29.52M -$8.750M
YoY Change 14.7% 237.41% -96.43%
Depreciation, Depletion And Amortization $7.100M $7.000M $4.300M
YoY Change 69.05% 62.79% 4.12%
Cash From Operating Activities -$4.400M $6.000M -$10.60M
YoY Change -73.96% -156.6% -41.76%
INVESTING ACTIVITIES
Capital Expenditures -$2.300M -$2.600M -$3.100M
YoY Change -8.0% -16.13% -16.22%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$2.300M -$2.600M -$3.000M
YoY Change -96.57% -13.33% -18.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -900.0K 21.10M 57.00M
YoY Change -102.54% -62.98% -28600.0%
NET CHANGE
Cash From Operating Activities -4.400M 6.000M -10.60M
Cash From Investing Activities -2.300M -2.600M -3.000M
Cash From Financing Activities -900.0K 21.10M 57.00M
Net Change In Cash -7.600M 24.50M 43.40M
YoY Change -84.36% -43.55% -296.38%
FREE CASH FLOW
Cash From Operating Activities -$4.400M $6.000M -$10.60M
Capital Expenditures -$2.300M -$2.600M -$3.100M
Free Cash Flow -$2.100M $8.600M -$7.500M
YoY Change -85.42% -214.67% -48.28%

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us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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1064000 USD
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52000 USD
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3000 USD
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190000 USD
us-gaap Income Tax Reconciliation State And Local Income Taxes
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226000 USD
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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0 USD
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714000 USD
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-322000 USD
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1281000 USD
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0 USD
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5055000 USD
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2204000 USD
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1257000 USD
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17942000 USD
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40619000 USD
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42486000 USD
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0 shares
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0 shares
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18507000 USD
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129000 USD
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401000 USD
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6274000 USD
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236770000 USD
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0 USD
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3932000 USD
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173000 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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345000 USD
CY2017Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
175000 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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349000 USD
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2056000 USD
us-gaap Temporary Equity Dividends Adjustment
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4054000 USD
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2303000 USD
us-gaap Temporary Equity Dividends Adjustment
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4517000 USD
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CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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121189000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
119993000 shares

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