2016 Q1 Form 10-Q Financial Statement
#000156459017008387 Filed on May 03, 2017
Income Statement
Concept | 2016 Q1 |
---|---|
Revenue | $95.96M |
YoY Change | 11.88% |
Cost Of Revenue | $26.25M |
YoY Change | 7.81% |
Gross Profit | $69.71M |
YoY Change | 13.49% |
Gross Profit Margin | 72.65% |
Selling, General & Admin | $51.60M |
YoY Change | 13.91% |
% of Gross Profit | 74.02% |
Research & Development | |
YoY Change | |
% of Gross Profit | |
Depreciation & Amortization | $5.664M |
YoY Change | 9.96% |
% of Gross Profit | 8.13% |
Operating Expenses | $94.07M |
YoY Change | 10.9% |
Operating Profit | $1.889M |
YoY Change | 99.26% |
Interest Expense | $28.00K |
YoY Change | -54.1% |
% of Operating Profit | 1.48% |
Other Income/Expense, Net | |
YoY Change | |
Pretax Income | $1.861M |
YoY Change | 109.81% |
Income Tax | $733.0K |
% Of Pretax Income | 39.39% |
Net Earnings | $1.088M |
YoY Change | 104.9% |
Net Earnings / Revenue | 1.13% |
Basic Earnings Per Share | $0.04 |
Diluted Earnings Per Share | $0.04 |
COMMON SHARES | |
Basic Shares Outstanding | 26.26M |
Diluted Shares Outstanding | 26.73M |
Balance Sheet
Concept | 2016 Q1 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $33.50M |
YoY Change | -45.71% |
Cash & Equivalents | $33.49M |
Short-Term Investments | |
Other Short-Term Assets | $8.900M |
YoY Change | -14.42% |
Inventory | $3.000M |
Prepaid Expenses | |
Receivables | $4.200M |
Other Receivables | $0.00 |
Total Short-Term Assets | $49.53M |
YoY Change | -37.97% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | $96.48M |
YoY Change | 7.43% |
Goodwill | $1.428M |
YoY Change | 0.0% |
Intangibles | |
YoY Change | |
Long-Term Investments | |
YoY Change | |
Other Assets | $22.40M |
YoY Change | 5.16% |
Total Long-Term Assets | $123.7M |
YoY Change | 6.65% |
TOTAL ASSETS | |
Total Short-Term Assets | $49.53M |
Total Long-Term Assets | $123.7M |
Total Assets | $173.2M |
YoY Change | -11.55% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $3.230M |
YoY Change | 4.33% |
Accrued Expenses | $22.42M |
YoY Change | 2.21% |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $0.00 |
YoY Change | |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $25.69M |
YoY Change | -2.56% |
LONG-TERM LIABILITIES | |
Long-Term Debt | $0.00 |
YoY Change | |
Other Long-Term Liabilities | $1.280M |
YoY Change | 81.82% |
Total Long-Term Liabilities | $1.280M |
YoY Change | 81.82% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $25.69M |
Total Long-Term Liabilities | $1.280M |
Total Liabilities | $45.00M |
YoY Change | 7.95% |
SHAREHOLDERS EQUITY | |
Retained Earnings | -$220.2M |
YoY Change | -2.73% |
Common Stock | $401.0M |
YoY Change | 1.81% |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | $54.36M |
YoY Change | 271.0% |
Treasury Stock Shares | $4.368M |
Shareholders Equity | $127.4M |
YoY Change | |
Total Liabilities & Shareholders Equity | $173.2M |
YoY Change | -11.55% |
Cashflow Statement
Concept | 2016 Q1 |
---|---|
OPERATING ACTIVITIES | |
Net Income | $1.088M |
YoY Change | 104.9% |
Depreciation, Depletion And Amortization | $5.664M |
YoY Change | 9.96% |
Cash From Operating Activities | $11.89M |
YoY Change | 17.14% |
INVESTING ACTIVITIES | |
Capital Expenditures | $6.618M |
YoY Change | -18.93% |
Acquisitions | |
YoY Change | |
Other Investing Activities | |
YoY Change | |
Cash From Investing Activities | -$6.620M |
YoY Change | -18.87% |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | $4.359M |
YoY Change | -1.07% |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | -3.800M |
YoY Change | 16.21% |
NET CHANGE | |
Cash From Operating Activities | 11.89M |
Cash From Investing Activities | -6.620M |
Cash From Financing Activities | -3.800M |
Net Change In Cash | 1.470M |
YoY Change | -214.84% |
FREE CASH FLOW | |
Cash From Operating Activities | $11.89M |
Capital Expenditures | $6.618M |
Free Cash Flow | $5.272M |
YoY Change | 165.32% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2016Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
4359000 | |
CY2017Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
1988000 | |
CY2016Q1 | us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
6000 | |
CY2017Q1 | pbpb |
Asset Impairment Store Closure And Disposal Of Property And Equipment
AssetImpairmentStoreClosureAndDisposalOfPropertyAndEquipment
|
907000 | |
CY2017Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
9000 | |
CY2016Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
70000 | |
CY2017Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
-632000 | |
CY2016Q1 | us-gaap |
Straight Line Rent
StraightLineRent
|
-207000 | |
CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
820000 | |
CY2016Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
677000 | |
CY2017Q1 | pbpb |
Excess Tax Deficiency Benefit From Stock Based Compensation Operating Activities
ExcessTaxDeficiencyBenefitFromStockBasedCompensationOperatingActivities
|
89000 | |
CY2016Q1 | pbpb |
Excess Tax Deficiency Benefit From Stock Based Compensation Operating Activities
ExcessTaxDeficiencyBenefitFromStockBasedCompensationOperatingActivities
|
-6000 | |
CY2017Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
1074000 | |
CY2017Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
185000 | |
CY2017Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-223000 | |
CY2017Q1 | us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
-465000 | |
CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
865000 | |
CY2017Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
2418000 | |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
12420000 | |
CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6927000 | |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-6927000 | |
CY2017Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
552000 | |
CY2016Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
627000 | |
CY2017Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
60000 | |
CY2016Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
69000 | |
CY2017Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1988000 | |
CY2016Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
4359000 | |
CY2016Q1 | us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
6000 | |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-1496000 | |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-3795000 | |
CY2017Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
3997000 | |
CY2016Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
1480000 | |
CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
32006000 | |
CY2016Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
33486000 | |
CY2017Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
87000 | |
CY2016Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
429000 | |
CY2017Q1 | us-gaap |
Interest Paid
InterestPaid
|
21000 | |
CY2016Q1 | us-gaap |
Interest Paid
InterestPaid
|
22000 | |
CY2017Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
2220000 | |
CY2016Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
1457000 | |
CY2017Q1 | us-gaap |
Fiscal Period
FiscalPeriod
|
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Fiscal Year</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The Company uses a 52/53-week fiscal year that ends on the last Sunday of the calendar period. Approximately every five or six years a 53rd week is added. Fiscal year 2017 consists of 53 weeks and 2016 consists of 52 weeks. The fiscal quarters ended March 26, 2017 and March 27, 2016 each consisted of 13 weeks.</p></div> | |
CY2017Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities. Significant estimates include amounts for long-lived assets and income taxes. Actual results could differ from those estimates.</p></div> | |
CY2017Q1 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
30 | |
CY2017Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
900000 | |
CY2016Q1 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | |
CY2017Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
891191 | |
CY2016Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
427550 | |
CY2017Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
91325 | |
CY2016Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
45912 | |
CY2017Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.448 | |
CY2016Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.394 | |
CY2017Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.016 | |
CY2016Q3 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
30000000 | |
CY2015Q3 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
35000000 | |
CY2017Q1 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
152558 | |
CY2017Q1 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
25700000 | |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
4013000 | |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
72000 | |
CY2017Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
60000 | |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
20000 | |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
4005000 | |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
3127000 | |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
10.61 | |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
12.90 | |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
9.20 | |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
15.56 | |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
10.65 | |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
9.88 | |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
13455000 | |
CY2017Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
12621000 | |
CY2017Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
12088000 | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P4Y9M11D | ||
CY2017Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P4Y7M28D | |
CY2017Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P3Y8M1D | |
CY2017Q1 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
4800000 | |
CY2017Q1 | pbpb |
Share Based Compensation Arrangement Unrecognized Compensation Expense Expected Term
ShareBasedCompensationArrangementUnrecognizedCompensationExpenseExpectedTerm
|
2021 | |
CY2017Q1 | us-gaap |
Litigation Settlement Amount
LitigationSettlementAmount
|
1300000 |