2016 Q2 Form 10-Q Financial Statement
#000143774916035033 Filed on July 08, 2016
Income Statement
| Concept | 2016 Q2 | 2015 Q2 |
|---|---|---|
| Revenue | $31.49M | $37.83M |
| YoY Change | -16.76% | -22.51% |
| Cost Of Revenue | $22.70M | $26.46M |
| YoY Change | -14.21% | -17.02% |
| Gross Profit | $8.787M | $11.37M |
| YoY Change | -22.7% | -32.85% |
| Gross Profit Margin | 27.9% | 30.05% |
| Selling, General & Admin | $5.337M | $5.801M |
| YoY Change | -8.0% | -12.05% |
| % of Gross Profit | 60.74% | 51.03% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $827.0K | $837.0K |
| YoY Change | -1.19% | -6.79% |
| % of Gross Profit | 9.41% | 7.36% |
| Operating Expenses | $5.337M | $5.801M |
| YoY Change | -8.0% | -12.05% |
| Operating Profit | $3.380M | $5.442M |
| YoY Change | -37.89% | -45.94% |
| Interest Expense | $333.0K | $369.0K |
| YoY Change | -9.76% | 4.53% |
| % of Operating Profit | 9.85% | 6.78% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $3.425M | $5.338M |
| YoY Change | -35.84% | -45.86% |
| Income Tax | $475.0K | $561.0K |
| % Of Pretax Income | 13.87% | 10.51% |
| Net Earnings | $2.950M | $4.777M |
| YoY Change | -38.25% | -41.86% |
| Net Earnings / Revenue | 9.37% | 12.63% |
| Basic Earnings Per Share | $0.15 | $0.23 |
| Diluted Earnings Per Share | $0.15 | $0.23 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 20.24M | 20.55M |
| Diluted Shares Outstanding | 20.24M | 20.57M |
Balance Sheet
| Concept | 2016 Q2 | 2015 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $242.4M | $229.0M |
| YoY Change | 5.85% | -17.39% |
| Cash & Equivalents | $106.9M | $61.56M |
| Short-Term Investments | $135.5M | $167.5M |
| Other Short-Term Assets | $2.300M | $6.100M |
| YoY Change | -62.3% | 64.86% |
| Inventory | $12.00M | $14.53M |
| Prepaid Expenses | ||
| Receivables | $18.42M | $21.52M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $275.1M | $271.2M |
| YoY Change | 1.46% | -16.43% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $20.74M | $23.82M |
| YoY Change | -12.92% | -17.29% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $1.281M | $946.0K |
| YoY Change | 35.41% | -96.42% |
| Total Long-Term Assets | $41.86M | $59.61M |
| YoY Change | -29.78% | -8.3% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $275.1M | $271.2M |
| Total Long-Term Assets | $41.86M | $59.61M |
| Total Assets | $317.0M | $330.8M |
| YoY Change | -4.17% | -15.07% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $6.838M | $5.904M |
| YoY Change | 15.82% | -36.52% |
| Accrued Expenses | $5.211M | $5.330M |
| YoY Change | -2.23% | -15.4% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $3.000M | $11.25M |
| YoY Change | -73.33% | -10.0% |
| Total Short-Term Liabilities | $18.51M | $26.77M |
| YoY Change | -30.84% | -18.14% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $71.25M | $80.25M |
| YoY Change | -11.21% | -12.3% |
| Other Long-Term Liabilities | $1.242M | $1.204M |
| YoY Change | 3.16% | 502.0% |
| Total Long-Term Liabilities | $72.49M | $81.45M |
| YoY Change | -11.0% | -11.17% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $18.51M | $26.77M |
| Total Long-Term Liabilities | $72.49M | $81.45M |
| Total Liabilities | $134.9M | $155.4M |
| YoY Change | -13.16% | -14.86% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $26.85M | $18.76M |
| YoY Change | 43.12% | |
| Common Stock | $2.096M | $2.096M |
| YoY Change | 0.0% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $15.02M | $12.32M |
| YoY Change | 21.96% | |
| Treasury Stock Shares | ||
| Shareholders Equity | $182.1M | $175.4M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $317.0M | $330.8M |
| YoY Change | -4.17% | -15.07% |
Cashflow Statement
| Concept | 2016 Q2 | 2015 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $2.950M | $4.777M |
| YoY Change | -38.25% | -41.86% |
| Depreciation, Depletion And Amortization | $827.0K | $837.0K |
| YoY Change | -1.19% | -6.79% |
| Cash From Operating Activities | $8.415M | -$5.818M |
| YoY Change | -244.64% | -162.3% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $41.00K | $176.0K |
| YoY Change | -76.7% | 232.08% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $3.520M | -$35.33M |
| YoY Change | -109.96% | 578.12% |
| Cash From Investing Activities | $3.481M | -$35.51M |
| YoY Change | -109.8% | 574.67% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $2.023M | $2.065M |
| YoY Change | -2.03% | -1.1% |
| Common Stock Issuance & Retirement, Net | $0.00 | $9.484M |
| YoY Change | -100.0% | |
| Debt Paid & Issued, Net | $750.0K | $2.500M |
| YoY Change | -70.0% | |
| Cash From Financing Activities | -2.773M | -39.00M |
| YoY Change | -92.89% | 1838.32% |
| NET CHANGE | ||
| Cash From Operating Activities | 8.415M | -5.818M |
| Cash From Investing Activities | 3.481M | -35.51M |
| Cash From Financing Activities | -2.773M | -39.00M |
| Net Change In Cash | 9.123M | -80.33M |
| YoY Change | -111.36% | -3991.72% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $8.415M | -$5.818M |
| Capital Expenditures | $41.00K | $176.0K |
| Free Cash Flow | $8.374M | -$5.994M |
| YoY Change | -239.71% | -164.55% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q2 | pke |
Number Of Insurance Carriers
NumberOfInsuranceCarriers
|
3 | |
| CY2016Q2 | pke |
Number Of Sites Of Company Or Subsidiaries That Have Been Named For Potential Environmental Remediation Liability
NumberOfSitesOfCompanyOrSubsidiariesThatHaveBeenNamedForPotentialEnvironmentalRemediationLiability
|
4 | |
| CY2016Q2 | pke |
Number Of Units Covered Under General Liability Insurance Coverage
NumberOfUnitsCoveredUnderGeneralLiabilityInsuranceCoverage
|
3 | |
| CY2016Q2 | pke |
Percentage Of Legal Defense And Remediation Costs Associated With Sites Reimbursed By Insurance Carriers
PercentageOfLegalDefenseAndRemediationCostsAssociatedWithSitesReimbursedByInsuranceCarriers
|
1 | |
| CY2015Q1 | pke |
Stock Repurchase Program Percentage Of Outstanding Shares Authorized To Be Repurchased
StockRepurchaseProgramPercentageOfOutstandingSharesAuthorizedToBeRepurchased
|
0.06 | |
| CY2016Q2 | pke |
Stock Repurchase Program Percentage Of Outstanding Shares Authorized To Be Repurchased
StockRepurchaseProgramPercentageOfOutstandingSharesAuthorizedToBeRepurchased
|
0.076 | |
| CY2016Q2 | pke |
Stockolders Equity Including Treasury Stock
StockoldersEquityIncludingTreasuryStock
|
197081000 | |
| CY2016Q1 | pke |
Stockolders Equity Including Treasury Stock
StockoldersEquityIncludingTreasuryStock
|
195887000 | |
| CY2014Q1 | pke |
Tax Expense Allocated To Undistributed Foreign Earnings
TaxExpenseAllocatedToUndistributedForeignEarnings
|
63958000 | |
| CY2016Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
6838000 | |
| CY2016Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
6155000 | |
| CY2016Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
18420000 | |
| CY2016Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
22583000 | |
| CY2015Q2 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
0 | |
| CY2016Q2 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
0 | |
| CY2016Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
3464000 | |
| CY2016Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
2943000 | |
| CY2016Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
5211000 | |
| CY2016Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
4580000 | |
| CY2016Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1386000 | |
| CY2016Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1471000 | |
| CY2016Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
166750000 | |
| CY2016Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
166398000 | |
| CY2016Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
324000 | |
| CY2016Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
324000 | |
| CY2016Q2 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
133000 | |
| CY2015Q2 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
205000 | |
| CY2016Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1025000 | |
| CY2015Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
698000 | |
| CY2016Q2 | us-gaap |
Assets
Assets
|
317003000 | |
| CY2016Q1 | us-gaap |
Assets
Assets
|
314777000 | |
| CY2016Q2 | us-gaap |
Assets Current
AssetsCurrent
|
275146000 | |
| CY2016Q1 | us-gaap |
Assets Current
AssetsCurrent
|
272185000 | |
| CY2016Q2 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
135544000 | |
| CY2016Q1 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
139668000 | |
| CY2016Q2 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
135407000 | |
| CY2016Q1 | us-gaap |
Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
|
139451000 | |
| CY2016Q2 | us-gaap |
Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
|
93541000 | |
| CY2016Q2 | us-gaap |
Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
|
42003000 | |
| CY2016Q2 | us-gaap |
Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
|
287000 | |
| CY2016 | us-gaap |
Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
|
372000 | |
| CY2016Q2 | us-gaap |
Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
|
150000 | |
| CY2016 | us-gaap |
Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
|
155000 | |
| CY2016Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
106860000 | |
| CY2016Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
97757000 | |
| CY2016Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
9103000 | |
| CY2015Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-79979000 | |
| CY2016Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
9123000 | |
| CY2015Q2 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-80325000 | |
| CY2016Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2016Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2016Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.10 | |
| CY2015Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.10 | |
| CY2015Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
20945634 | |
| CY2016Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
20234671 | |
| CY2016Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
2096000 | |
| CY2016Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
2096000 | |
| CY2016Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2865000 | |
| CY2015Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
4901000 | |
| CY2016Q2 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
22703000 | |
| CY2015Q2 | us-gaap |
Cost Of Goods Sold
CostOfGoodsSold
|
26462000 | |
| CY2016Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
||
| CY2015Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-10860000 | |
| CY2016Q2 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
43937000 | |
| CY2016Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
43937000 | |
| CY2016Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
827000 | |
| CY2015Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
837000 | |
| CY2016Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.15 | |
| CY2015Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.23 | |
| CY2016Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.15 | |
| CY2015Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.23 | |
| CY2016Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-20000 | |
| CY2015Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
346000 | |
| CY2015Q4 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.139 | |
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.105 | ||
| us-gaap |
Foreign Earnings Repatriated
ForeignEarningsRepatriated
|
61000000 | ||
| CY2016Q2 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
15000 | |
| CY2015Q2 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
0 | |
| CY2016Q2 | us-gaap |
Gross Profit
GrossProfit
|
8787000 | |
| CY2015Q2 | us-gaap |
Gross Profit
GrossProfit
|
11367000 | |
| CY2016Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
3425000 | |
| CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
5338000 | |
| CY2016Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
475000 | |
| CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
561000 | |
| CY2016Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
||
| CY2015Q2 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
11310000 | |
| CY2016Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
106860000 | |
| CY2015Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
61559000 | |
| CY2016Q2 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
-4168000 | |
| CY2015Q2 | us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
1196000 | |
| CY2016Q2 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-97757000 | |
| CY2015Q2 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-141538000 | |
| CY2016Q2 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
||
| CY2015Q2 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
25000000 | |
| CY2016Q2 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
9833000 | |
| CY2016Q1 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
9833000 | |
| CY2016Q2 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
378000 | |
| CY2015Q2 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
265000 | |
| CY2016Q2 | us-gaap |
Interest Expense
InterestExpense
|
333000 | |
| CY2015Q2 | us-gaap |
Interest Expense
InterestExpense
|
369000 | |
| CY2016Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
209000 | |
| CY2015Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
206000 | |
| CY2016Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2792000 | |
| CY2016Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
2172000 | |
| CY2016Q2 | us-gaap |
Inventory Net
InventoryNet
|
12000000 | |
| CY2016Q1 | us-gaap |
Inventory Net
InventoryNet
|
10214000 | |
| CY2016Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
6607000 | |
| CY2016Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
5462000 | |
| CY2016Q2 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
332000 | |
| CY2016Q1 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
365000 | |
| CY2016Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
2269000 | |
| CY2016Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
2215000 | |
| CY2016Q2 | us-gaap |
Liabilities
Liabilities
|
134942000 | |
| CY2016Q1 | us-gaap |
Liabilities
Liabilities
|
133910000 | |
| CY2016Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
317003000 | |
| CY2016Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
314777000 | |
| CY2016Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
18513000 | |
| CY2016Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
16678000 | |
| CY2016Q2 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
1000 | |
| CY2015Q2 | us-gaap |
Litigation Settlement Expense
LitigationSettlementExpense
|
1000 | |
| CY2016Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
3000000 | |
| CY2016Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
3000000 | |
| CY2016Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
71250000 | |
| CY2016Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
72000000 | |
| CY2016Q2 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; TEXT-INDENT: 0px; width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr> <td style="WIDTH: 18pt"> <div style=" MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"></div></div></td> <td style="WIDTH: 18pt; VERTICAL-ALIGN: top"> <div style=""><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">11</div><div style="display: inline; font-weight: bold;">.</div></div></div></td> <td style="VERTICAL-ALIGN: top"> <div style=""><div style="display: inline; font-weight: bold;"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">CONTINGENCIES</div></div></div></td> </tr> </table> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25; TEXT-INDENT: -36pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; text-decoration: underline;"><div style="display: inline; font-style: italic;">Litigation</div></div> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The Company is subject to a number of proceedings, lawsuits and other claims related to environmental, employment, product and other matters. The Company is required to assess the likelihood of any adverse judgments or outcomes in these matters as well as potential ranges of probable losses. A determination of the amount of reserves required, if any, for these contingencies is made after careful analysis of each individual issue. The required reserves may change in the future due to new developments in each matter or changes in approach, such as a change in settlement strategy in dealing with these matters. The Company believes that the ultimate disposition of such proceedings, lawsuits and claims will not have a material adverse effect on the liquidity, capital resources, business or consolidated results of operations or financial position of the Company.</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; text-decoration: underline;"><div style="display: inline; font-style: italic;">Environmental Contingencies</div></div><div style="display: inline; font-style: italic;"> </div></div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The Company and certain of its subsidiaries have been named by the Environmental Protection Agency (the "EPA") or a comparable state agency under the Comprehensive Environmental Response, Compensation and Liability Act (the "Superfund Act") or similar state law as potentially responsible parties in connection with alleged releases of hazardous substances at four sites. </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Under the Superfund Act and similar state laws, all parties who may have contributed any waste to a hazardous waste disposal site or contaminated area identified by the EPA or comparable state agency may be jointly and severally liable for the cost of cleanup. Generally, these sites are locations at which numerous persons disposed of hazardous waste. In the case of the Company's subsidiaries, generally the waste was removed from their manufacturing facilities and disposed at waste sites by various companies which contracted with the subsidiaries to provide waste disposal services. Neither the Company nor any of its subsidiaries have been accused of or charged with any wrongdoing or illegal acts in connection with any such sites. The Company believes it maintains an effective and comprehensive environmental compliance program.</div></div> <div style=" MARGIN-BOTTOM: 0px; MARGIN-TOP: 0px"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The insurance carriers who provided general liability insurance coverage to the Company and its subsidiaries for the years during which the Company's subsidiaries' waste was disposed at these sites have in the past reimbursed the Company and its subsidiaries for 100% of their legal defense and remediation costs associated with three of these sites. </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The total costs incurred by the Company and its subsidiaries in connection with these sites, including legal fees incurred by the Company and its subsidiaries and their assessed share of remediation costs and excluding amounts expected to be reimbursed by insurance carriers, were approximately $1 and $1 during the 13 weeks ended May 29, 2016 and May 31, 2015, respectively. The Company had no recorded liabilities for environmental matters for the 13 weeks ended May 29, 2016 and May 31, 2015.</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The Company does not record environmental liabilities and related legal expenses for which the Company believes that it and its subsidiaries have general liability insurance coverage for the years during which the Company's subsidiaries' waste was disposed at three sites for which certain subsidiaries of the Company have been named as potentially responsible parties. Pursuant to such general liability insurance coverage, three insurance carriers reimburse the Company and its subsidiaries for 100% of the legal defense and remediation costs associated with the three sites. </div></div> <div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"> </div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 36pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Included in selling, general and administrative expenses are charges for actual expenditures and accruals, based on estimates, for certain environmental matters described above. The Company accrues estimated costs associated with known environmental matters, when such costs can be reasonably estimated and when the outcome appears probable. The Company believes that the ultimate disposition of known environmental matters will not have a material adverse effect on the Company’s results of operations, cash flows or financial position.</div></div></div> | |
| CY2016Q2 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
135544000 | |
| CY2016Q1 | us-gaap |
Marketable Securities Current
MarketableSecuritiesCurrent
|
139668000 | |
| CY2016Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2773000 | |
| CY2015Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-38999000 | |
| CY2016Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
3481000 | |
| CY2015Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-35508000 | |
| CY2016Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
8415000 | |
| CY2015Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5818000 | |
| CY2016Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2950000 | |
| CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4777000 | |
| CY2016Q2 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
31857000 | |
| CY2016Q1 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
32592000 | |
| CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3380000 | |
| CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5442000 | |
| CY2015Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
124000 | |
| CY2016Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
26849000 | |
| CY2016Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
25922000 | |
| CY2016Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
31490000 | |
| CY2016Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1281000 | |
| CY2016Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
1247000 | |
| CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-21000 | |
| CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
55000 | |
| CY2016Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-85000 | |
| CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
124000 | |
| CY2016Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1242000 | |
| CY2016Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1295000 | |
| CY2016Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
||
| CY2015Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
9484000 | |
| CY2016Q2 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
2023000 | |
| CY2015Q2 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
2065000 | |
| CY2016Q2 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
16067000 | |
| CY2015Q2 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
40923000 | |
| CY2016Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
41000 | |
| CY2015Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
176000 | |
| CY2016Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2322000 | |
| CY2016Q1 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
1963000 | |
| CY2016Q2 | us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
19574000 | |
| CY2015Q2 | us-gaap |
Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
3565000 | |
| CY2016Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
15000 | |
| CY2015Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
2026000 | |
| CY2016Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
||
| CY2015Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
50000 | |
| CY2016Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
20743000 | |
| CY2016Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
21512000 | |
| CY2016Q2 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
750000 | |
| CY2015Q2 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
2500000 | |
| CY2016Q2 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
10000000 | |
| CY2016Q1 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
10000000 | |
| CY2016Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
70000 | |
| CY2015Q2 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
37829000 | |
| CY2016Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5337000 | |
| CY2015Q2 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5801000 | |
| CY2016Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
352000 | |
| CY2015Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
419000 | |
| CY2015Q1 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
1250000 | |
| CY2012Q4 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
1000000 | |
| CY2016Q1 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
1531412 | |
| CY2016Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | |
| CY2015Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
444834 | |
| CY2016Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
182061000 | |
| CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
180867000 | |
| CY2016Q2 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
15020000 | |
| CY2016Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
15020000 | |
| CY2016Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
||
| CY2015Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
19000 | |
| CY2016Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20235000 | |
| CY2015Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20565000 | |
| CY2016Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20235000 | |
| CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20546000 |
