2017 Q3 Form 10-Q Financial Statement

#000073326917000100 Filed on November 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $225.2M $217.3M
YoY Change 3.67% 4.81%
Cost Of Revenue $24.01M $120.1M
YoY Change -80.01% -0.99%
Gross Profit $30.00M $97.16M
YoY Change -69.12% 12.98%
Gross Profit Margin 13.32% 44.72%
Selling, General & Admin $49.71M $70.71M
YoY Change -29.71% 18.45%
% of Gross Profit 165.66% 72.78%
Research & Development $15.60M $19.03M
YoY Change -18.03% -0.37%
% of Gross Profit 51.99% 19.58%
Depreciation & Amortization -$2.200M $20.40M
YoY Change -110.78% -0.97%
% of Gross Profit -7.33% 21.0%
Operating Expenses $68.14M $90.04M
YoY Change -24.33% 14.27%
Operating Profit -$25.19M $7.120M
YoY Change -453.81% -1.11%
Interest Expense $2.524M $1.689M
YoY Change 49.44% -184.45%
% of Operating Profit 23.72%
Other Income/Expense, Net $263.0K -$1.896M
YoY Change -113.87% -1996.0%
Pretax Income -$37.87M $5.224M
YoY Change -824.92% -230.6%
Income Tax -$11.87M -$1.916M
% Of Pretax Income -36.68%
Net Earnings -$3.300M $7.100M
YoY Change -146.48% -33.64%
Net Earnings / Revenue -1.47% 3.27%
Basic Earnings Per Share -$0.04 $0.09
Diluted Earnings Per Share -$0.04 $0.09
COMMON SHARES
Basic Shares Outstanding 79.24M shares 77.45M shares
Diluted Shares Outstanding 79.24M shares 79.28M shares

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $169.5M $175.4M
YoY Change -3.36% -3.04%
Cash & Equivalents $168.4M $175.4M
Short-Term Investments
Other Short-Term Assets $47.39M $38.90M
YoY Change 21.84% -29.91%
Inventory
Prepaid Expenses $28.00M
Receivables $141.3M $130.5M
Other Receivables $9.700M $9.400M
Total Short-Term Assets $367.9M $354.2M
YoY Change 3.87% -6.15%
LONG-TERM ASSETS
Property, Plant & Equipment $151.1M $174.9M
YoY Change -13.63% -0.74%
Goodwill $592.8M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $44.81M $15.40M
YoY Change 190.95% 57.14%
Total Long-Term Assets $848.9M $747.9M
YoY Change 13.5% -3.52%
TOTAL ASSETS
Total Short-Term Assets $367.9M $354.2M
Total Long-Term Assets $848.9M $747.9M
Total Assets $1.217B $1.102B
YoY Change 10.4% -4.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $47.00M $36.30M
YoY Change 29.48% -11.03%
Accrued Expenses $86.40M $82.00M
YoY Change 5.37% 4.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.089M $32.30M
YoY Change -93.53% 0.31%
Total Short-Term Liabilities $164.8M $184.0M
YoY Change -10.42% -3.31%
LONG-TERM LIABILITIES
Long-Term Debt $228.0M $142.3M
YoY Change 60.22% -19.47%
Other Long-Term Liabilities $16.54M $14.70M
YoY Change 12.52% 37.38%
Total Long-Term Liabilities $16.54M $157.0M
YoY Change -89.46% -16.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $164.8M $184.0M
Total Long-Term Liabilities $16.54M $157.0M
Total Liabilities $181.4M $394.6M
YoY Change -54.04% -12.04%
SHAREHOLDERS EQUITY
Retained Earnings $600.2M
YoY Change
Common Stock $1.211B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $753.1M $707.5M
YoY Change
Total Liabilities & Shareholders Equity $1.217B $1.102B
YoY Change 10.4% -4.38%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$3.300M $7.100M
YoY Change -146.48% -33.64%
Depreciation, Depletion And Amortization -$2.200M $20.40M
YoY Change -110.78% -0.97%
Cash From Operating Activities $28.40M $35.40M
YoY Change -19.77% 82.47%
INVESTING ACTIVITIES
Capital Expenditures $6.400M -$13.70M
YoY Change -146.72% -3.52%
Acquisitions
YoY Change
Other Investing Activities -$14.00M $16.70M
YoY Change -183.83% -86.85%
Cash From Investing Activities -$7.600M $3.000M
YoY Change -353.33% -97.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.10M -13.10M
YoY Change 7.63% -82.27%
NET CHANGE
Cash From Operating Activities 28.40M 35.40M
Cash From Investing Activities -7.600M 3.000M
Cash From Financing Activities -14.10M -13.10M
Net Change In Cash 6.700M 25.30M
YoY Change -73.52% -56.68%
FREE CASH FLOW
Cash From Operating Activities $28.40M $35.40M
Capital Expenditures $6.400M -$13.70M
Free Cash Flow $22.00M $49.10M
YoY Change -55.19% 46.13%

Facts In Submission

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0 USD
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OperatingExpenses
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us-gaap Operating Expenses
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47394000 USD
CY2017Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
6443000 USD
CY2017Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5084000 USD
CY2017Q1 us-gaap Other Assets Noncurrent
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CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-65000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
759000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1411000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
26000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
759000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1411000 USD
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91000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
96000 USD
CY2017Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2016Q3 us-gaap Other Expenses
OtherExpenses
0 USD
us-gaap Other Expenses
OtherExpenses
35000 USD
CY2017Q3 us-gaap Other Expenses
OtherExpenses
0 USD
us-gaap Other Expenses
OtherExpenses
0 USD
CY2016Q3 us-gaap Other General Expense
OtherGeneralExpense
300000 USD
us-gaap Other General Expense
OtherGeneralExpense
614000 USD
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OtherGeneralExpense
3660000 USD
us-gaap Other General Expense
OtherGeneralExpense
3562000 USD
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OtherLiabilitiesNoncurrent
17730000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
19776000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
19800000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4001000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
267000 USD
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
423000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20539000 USD
CY2017Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
16540000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-207000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
CY2017Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
192000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30542000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14518000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
7875000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
7144000 USD
CY2017Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
25714000 USD
CY2017Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
27995000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7300000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3695000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
230000000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
16988000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
4000000 USD
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PropertyPlantAndEquipmentNet
155974000 USD
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
151055000 USD
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RepaymentsOfLongTermDebt
16111000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
226150000 USD
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19029000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
37681000 USD
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ResearchAndDevelopmentExpense
24013000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
47576000 USD
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RetainedEarningsAccumulatedDeficit
602609000 USD
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
600215000 USD
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SalesRevenueNet
217267000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
432068000 USD
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SalesRevenueNet
225240000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
437754000 USD
CY2016Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
37847000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
75195000 USD
CY2017Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
50118000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
98558000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
20504000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
30796000 USD
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2174071 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
13.65
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79235000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
78954000 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79277000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79317000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
4039000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
63540 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
20.20
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
299641 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
32439000 USD
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3033071 shares
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2872260 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.14
CY2017Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.40
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
16.31
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
21.32
CY2017Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
2174071 shares
CY2017Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
2872260 shares
CY2017Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
24016000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y4M23D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y0M20D
CY2017Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
13.65
CY2017Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
13.40
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P6Y0M20D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
396912 shares
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
738980000 USD
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
753096000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
738980000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
753096000 USD
CY2017Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
900000 shares
CY2017Q1 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
1039345000 USD
CY2017Q3 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
1067090000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
19776000 USD
CY2016Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1831000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1858000 shares
CY2017Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77446000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77459000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79235000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78954000 shares
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
720000 USD

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