2016 Q4 Form 10-Q Financial Statement

#000070084116000054 Filed on November 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4
Revenue $39.70M $45.08M
YoY Change -11.94%
Cost Of Revenue $29.55M $32.28M
YoY Change -8.44%
Gross Profit $10.14M $12.80M
YoY Change -20.76%
Gross Profit Margin 25.55% 28.4%
Selling, General & Admin $9.334M $10.46M
YoY Change -10.78%
% of Gross Profit 92.01% 81.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $388.0K $434.0K
YoY Change -10.6%
% of Gross Profit 3.82% 3.39%
Operating Expenses $9.334M $10.46M
YoY Change -10.78%
Operating Profit $422.0K $1.906M
YoY Change -77.86%
Interest Expense -$130.0K -$170.0K
YoY Change -23.53%
% of Operating Profit -30.81% -8.92%
Other Income/Expense, Net -$128.0K -$174.0K
YoY Change -26.44%
Pretax Income $294.0K $1.732M
YoY Change -83.03%
Income Tax $184.0K $770.0K
% Of Pretax Income 62.59% 44.46%
Net Earnings $110.0K $962.0K
YoY Change -88.57%
Net Earnings / Revenue 0.28% 2.13%
Basic Earnings Per Share $0.01 $0.08
Diluted Earnings Per Share $0.01 $0.07
COMMON SHARES
Basic Shares Outstanding 12.30M 12.72M
Diluted Shares Outstanding 12.43M 13.00M

Balance Sheet

Concept 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $300.0K $4.500M
YoY Change -93.33%
Cash & Equivalents $279.0K $4.542M
Short-Term Investments
Other Short-Term Assets $2.700M $3.100M
YoY Change -12.9%
Inventory
Prepaid Expenses
Receivables $45.17M $52.77M
Other Receivables $4.295M $3.882M
Total Short-Term Assets $53.07M $64.33M
YoY Change -17.5%
LONG-TERM ASSETS
Property, Plant & Equipment $4.052M $4.833M
YoY Change -16.16%
Goodwill $12.33M $11.63M
YoY Change 5.98%
Intangibles $171.0K $276.0K
YoY Change -38.04%
Long-Term Investments
YoY Change
Other Assets $300.0K $600.0K
YoY Change -50.0%
Total Long-Term Assets $12.71M $12.51M
YoY Change 1.56%
TOTAL ASSETS
Total Short-Term Assets $53.07M $64.33M
Total Long-Term Assets $12.71M $12.51M
Total Assets $69.83M $81.67M
YoY Change -14.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.10M $12.10M
YoY Change 0.0%
Accrued Expenses $6.300M $7.500M
YoY Change -16.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $23.71M $21.07M
YoY Change 12.55%
LONG-TERM LIABILITIES
Long-Term Debt $11.20M $15.00M
YoY Change -25.33%
Other Long-Term Liabilities $800.0K $1.500M
YoY Change -46.67%
Total Long-Term Liabilities $12.00M $16.50M
YoY Change -27.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.71M $21.07M
Total Long-Term Liabilities $12.00M $16.50M
Total Liabilities $38.58M $37.59M
YoY Change 2.63%
SHAREHOLDERS EQUITY
Retained Earnings -$67.89M -$59.89M
YoY Change 13.35%
Common Stock $736.0K $711.0K
YoY Change 3.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.62M $8.037M
YoY Change 81.93%
Treasury Stock Shares $2.764M $1.580M
Shareholders Equity $31.26M $44.09M
YoY Change
Total Liabilities & Shareholders Equity $69.83M $81.67M
YoY Change -14.5%

Cashflow Statement

Concept 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income $110.0K $962.0K
YoY Change -88.57%
Depreciation, Depletion And Amortization $388.0K $434.0K
YoY Change -10.6%
Cash From Operating Activities $4.450M $9.970M
YoY Change -55.37%
INVESTING ACTIVITIES
Capital Expenditures -$70.00K -$1.560M
YoY Change -95.51%
Acquisitions
YoY Change
Other Investing Activities -$20.00K -$800.0K
YoY Change -97.5%
Cash From Investing Activities -$90.00K -$2.350M
YoY Change -96.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.330M -5.320M
YoY Change -18.61%
NET CHANGE
Cash From Operating Activities 4.450M 9.970M
Cash From Investing Activities -90.00K -2.350M
Cash From Financing Activities -4.330M -5.320M
Net Change In Cash 30.00K 2.300M
YoY Change -98.7%
FREE CASH FLOW
Cash From Operating Activities $4.450M $9.970M
Capital Expenditures -$70.00K -$1.560M
Free Cash Flow $4.520M $11.53M
YoY Change -60.8%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q4 rcmt Liabitilities Net
LiabitilitiesNet
2400000
CY2016Q4 rcmt Business Combination Liabilities Arising From Contingencies Amount Recognized Current
BusinessCombinationLiabilitiesArisingFromContingenciesAmountRecognizedCurrent
229000
CY2016Q1 rcmt Business Combination Liabilities Arising From Contingencies Amount Recognized Current
BusinessCombinationLiabilitiesArisingFromContingenciesAmountRecognizedCurrent
822000
CY2016Q4 rcmt Business Combination Liabilities Arising From Contingencies Amount Recognized Noncurrent
BusinessCombinationLiabilitiesArisingFromContingenciesAmountRecognizedNoncurrent
782000
CY2016Q1 rcmt Business Combination Liabilities Arising From Contingencies Amount Recognized Noncurrent
BusinessCombinationLiabilitiesArisingFromContingenciesAmountRecognizedNoncurrent
978000
CY2016Q4 rcmt Estimated Future Contingent Consideration Payments
EstimatedFutureContingentConsiderationPayments
1011000
CY2016Q4 rcmt Estimated Future Contingent Consideration Payments Current
EstimatedFutureContingentConsiderationPaymentsCurrent
114000
CY2016Q4 rcmt Estimated Future Contingent Consideration Payments Year Three
EstimatedFutureContingentConsiderationPaymentsYearThree
252000
CY2016Q4 rcmt Estimated Future Contingent Consideration Payments Year Two
EstimatedFutureContingentConsiderationPaymentsYearTwo
645000
CY2016Q4 rcmt Future Grants Of Options Or Shares
FutureGrantsOfOptionsOrShares
157000
CY2016Q1 rcmt Future Grants Of Options Or Shares
FutureGrantsOfOptionsOrShares
382000
CY2016Q4 rcmt Annual Depreciation Rate
AnnualDepreciationRate
0.2
CY2016Q1 rcmt Liabitilities Net
LiabitilitiesNet
1500000
rcmt Write Off Of Fully Depreciated Property And Equipment
WriteOffOfFullyDepreciatedPropertyAndEquipment
2677000
rcmt Write Off Of Fully Depreciated Property And Equipment
WriteOffOfFullyDepreciatedPropertyAndEquipment
3470000
CY2016Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
6210000
CY2016Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
7863000
CY2016Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
5906000
CY2016Q1 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
8995000
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
42925000
CY2016Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
50946000
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2968000
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4531000
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2447000
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2845000
CY2016Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
115309000
CY2016Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
114331000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
614000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
10154000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
4449000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
614000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
907000
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1354000
CY2016Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1432000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
63000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
58000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
42500
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
40000
CY2016Q4 us-gaap Assets
Assets
65892000
CY2015Q4 us-gaap Assets
Assets
81674000
CY2016Q1 us-gaap Assets
Assets
81336000
CY2016Q4 us-gaap Assets Current
AssetsCurrent
49500000
CY2016Q1 us-gaap Assets Current
AssetsCurrent
64529000
CY2016Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
12076000
CY2016Q1 us-gaap Assets Noncurrent
AssetsNoncurrent
12109000
CY2016Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
75000
CY2015Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1557000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
732000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2551000
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
985000
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6411000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1084000
CY2016Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
388000
CY2015Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
434000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1177000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1084000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
303000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4542000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-682000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1869000
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
903545
CY2016Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
984770
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.05
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.05
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
40000000
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14640606
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
14559381
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12220610
CY2016Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12496635
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
732000
CY2016Q1 us-gaap Common Stock Value
CommonStockValue
728000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2372000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
429000
CY2016Q4 us-gaap Cost Of Services
CostOfServices
29551000
CY2015Q4 us-gaap Cost Of Services
CostOfServices
32275000
us-gaap Cost Of Services
CostOfServices
97326000
us-gaap Cost Of Services
CostOfServices
100134000
CY2016Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
CY2016Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
609000
CY2016Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
32000
CY2016Q1 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
CY2016Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
225000
CY2016Q1 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
227000
us-gaap Depreciation
Depreciation
1114000
us-gaap Depreciation
Depreciation
1026000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1177000
CY2016Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2016Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
16000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-818000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.412
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.398
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
6316000
CY2016Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
8606000
CY2016Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
600000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
0
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
140000
CY2016Q4 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-14000
CY2015Q4 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-61000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
9000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-61000
CY2016Q4 us-gaap Goodwill
Goodwill
11630000
CY2016Q1 us-gaap Goodwill
Goodwill
11630000
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0
CY2016Q4 us-gaap Gross Profit
GrossProfit
10144000
CY2015Q4 us-gaap Gross Profit
GrossProfit
12802000
us-gaap Gross Profit
GrossProfit
34924000
us-gaap Gross Profit
GrossProfit
38195000
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2016Q4 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2015Q4 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
294000
CY2015Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1732000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3358000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5044000
CY2016Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
184000
CY2015Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
770000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1384000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2005000
us-gaap Income Taxes Paid
IncomeTaxesPaid
113000
us-gaap Income Taxes Paid
IncomeTaxesPaid
800000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1746000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
251000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8600000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3272000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
948000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
205000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-312000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-373000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
2263000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
3000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
18000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-2334000
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
-175000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-864000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1847000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
45000
CY2016Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
136150
CY2015Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
272877
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
102817
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
236648
CY2016Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
252000
CY2015Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
194000
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
189000
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
276000
CY2016Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-114000
CY2015Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-113000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-422000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-366000
us-gaap Interest Paid
InterestPaid
363000
us-gaap Interest Paid
InterestPaid
367000
CY2016Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
700000
CY2016Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
800000
CY2016Q4 us-gaap Liabilities
Liabilities
32163000
CY2016Q1 us-gaap Liabilities
Liabilities
49133000
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
65892000
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
81336000
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
19968000
CY2016Q1 us-gaap Liabilities Current
LiabilitiesCurrent
26629000
CY2016Q4 us-gaap Litigation Reserve
LitigationReserve
100000
CY2016Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
11151000
CY2016Q1 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
21000000
us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
1100000
CY2016 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
1100000
us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<div style="display: inline; font-family: times new roman; font-size: 10pt"><table style="TEXT-INDENT: 0;FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif; WIDTH: 100%; width: 700px;" cellspacing="0" cellpadding="0" border="0"> <tr> <td style="WIDTH: 18pt; VERTICAL-ALIGN: top"><div style=" MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">16.</div><div style="display: inline; font-weight: bold;"></div></div></div></td> <td style="VERTICAL-ALIGN: top"> <div style=" MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left; MARGIN-TOP: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;"></div><div style="display: inline; font-weight: bold;">Contingencies </div></div></div></td> </tr> </table> <div style=" TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 18pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 18pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">From time to time, the Company is a defendant or plaintiff in various legal actions that arise in the normal course of business.&nbsp; As such, the Company is required to assess the likelihood of any adverse outcomes to these matters as well as potential ranges of losses and possible recoveries.&nbsp; The Company may not be covered by insurance as it pertains to some or all of these matters. A determination of the amount of the provision required for these commitments and contingencies, if any, which would be charged to earnings, is made after careful analysis of each matter.&nbsp; Once established, a provision may change in the future due to new developments or changes in circumstances, and could increase or decrease the Company&#x2019;s earnings in the period that the changes are made.&nbsp; Asserted claims in these matters sought approximately $1.1 million in damages as of both October 1, 2016 and January 2, 2016</div><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">. As of October 1, 2016, the Company accrued $0.1 million for such liabilities. </div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 18pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: left; MARGIN: 0pt 0pt 0pt 18pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The Company is also subject to other pending legal proceedings and claims that arise from time to time in the ordinary course of its business, which may not be covered by insurance.</div></div></div>
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12097000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5206000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-729000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3333000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12128000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7488000
us-gaap Net Income Loss
NetIncomeLoss
1974000
us-gaap Net Income Loss
NetIncomeLoss
3039000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
110000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
962000
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
746000
CY2016Q4 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
9722000
CY2015Q4 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
10896000
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
31153000
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
32724000
CY2016Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
422000
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
1906000
us-gaap Operating Income Loss
OperatingIncomeLoss
3771000
us-gaap Operating Income Loss
OperatingIncomeLoss
5471000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
398000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-2610000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
398000
CY2016Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-128000
CY2015Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-174000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-413000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-427000
us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
788000
us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
90000
CY2016Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
3523000
CY2016Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
7481000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1828000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
508000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
800000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
732000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2551000
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2749000
CY2016Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4508000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
19000
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
368000
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
373000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7284000
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9229000
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4316000
CY2016Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4698000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-128000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
840000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
9849000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
5000000
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-67672000
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-69646000
CY2016Q4 us-gaap Revenues
Revenues
39695000
CY2015Q4 us-gaap Revenues
Revenues
45077000
us-gaap Revenues
Revenues
132250000
us-gaap Revenues
Revenues
138329000
CY2016Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9334000
CY2015Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10462000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
29976000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
31640000
us-gaap Share Based Compensation
ShareBasedCompensation
614000
us-gaap Share Based Compensation
ShareBasedCompensation
907000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
268211
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
349436
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
29500
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
9.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
13000
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
44500
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
44500
CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.12
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
8.12
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Lower Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit
5.27
us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Upper Range Limit
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit
9.81
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
368000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1828000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
33729000
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
32203000
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1307000
CY2016Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
343000
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2419996
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
2062746
CY2016Q4 us-gaap Treasury Stock Value
TreasuryStockValue
12193000
CY2016Q1 us-gaap Treasury Stock Value
TreasuryStockValue
10365000
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12431643
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12997776
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12483434
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12951884
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12295493
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12724899
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12380617
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12715236

Files In Submission

Name View Source Status
0000700841-16-000054-index-headers.html Edgar Link pending
0000700841-16-000054-index.html Edgar Link pending
0000700841-16-000054.txt Edgar Link pending
0000700841-16-000054-xbrl.zip Edgar Link pending
exh311.htm Edgar Link pending
exh312.htm Edgar Link pending
exh321.htm Edgar Link pending
exh322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
form10q100116.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
rcmt-20161001.xml Edgar Link completed
rcmt-20161001.xsd Edgar Link pending
rcmt-20161001_cal.xml Edgar Link unprocessable
rcmt-20161001_def.xml Edgar Link unprocessable
rcmt-20161001_lab.xml Edgar Link unprocessable
rcmt-20161001_pre.xml Edgar Link unprocessable
report.css Edgar Link pending
Show.js Edgar Link pending