2014 Q2 Form 10-K Financial Statement
#000119312514282563 Filed on July 28, 2014
Income Statement
| Concept | 2014 Q2 | 2014 | 2013 Q2 |
|---|---|---|---|
| Revenue | $156.8M | $567.2M | $140.2M |
| YoY Change | 11.84% | 1.96% | -3.64% |
| Cost Of Revenue | $95.80M | $351.4M | $85.70M |
| YoY Change | 11.79% | 2.75% | -1.49% |
| Gross Profit | $60.90M | $215.8M | $54.50M |
| YoY Change | 11.74% | 0.7% | -6.84% |
| Gross Profit Margin | 38.84% | 38.05% | 38.87% |
| Selling, General & Admin | $46.20M | $172.5M | $42.30M |
| YoY Change | 9.22% | 2.5% | 0.71% |
| % of Gross Profit | 75.86% | 79.94% | 77.61% |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | $1.310M | $5.320M | $1.500M |
| YoY Change | -12.67% | -15.15% | -16.2% |
| % of Gross Profit | 2.15% | 2.47% | 2.75% |
| Operating Expenses | $47.50M | $177.8M | $43.80M |
| YoY Change | 8.45% | 1.83% | 0.0% |
| Operating Profit | $13.40M | $38.00M | $10.70M |
| YoY Change | 25.23% | -4.28% | -27.21% |
| Interest Expense | $0.00 | $200.0K | $0.00 |
| YoY Change | 0.0% | ||
| % of Operating Profit | 0.0% | 0.53% | 0.0% |
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | $13.50M | $38.10M | $10.70M |
| YoY Change | 26.17% | -4.51% | -27.21% |
| Income Tax | $6.600M | $18.30M | $5.400M |
| % Of Pretax Income | 48.89% | 48.03% | 50.47% |
| Net Earnings | $6.900M | $19.90M | $5.300M |
| YoY Change | 30.19% | -2.93% | -40.45% |
| Net Earnings / Revenue | 4.4% | 3.51% | 3.78% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | $178.3K | $506.4K | $130.9K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 39.22M | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2014 Q2 | 2014 | 2013 Q2 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $114.3M | $114.3M | $119.0M |
| YoY Change | -3.95% | -3.95% | -7.1% |
| Cash & Equivalents | $80.30M | $80.30M | $94.00M |
| Short-Term Investments | $34.00M | $34.00M | $25.00M |
| Other Short-Term Assets | $12.90M | $12.90M | $12.70M |
| YoY Change | 1.57% | 1.57% | -13.01% |
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $90.30M | $90.30M | $84.20M |
| Other Receivables | $0.00 | $0.00 | $1.200M |
| Total Short-Term Assets | $217.5M | $217.5M | $217.2M |
| YoY Change | 0.14% | 0.14% | -4.82% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $23.20M | $23.20M | $21.10M |
| YoY Change | 9.95% | 9.95% | -7.05% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $3.000M | $3.000M | $2.400M |
| YoY Change | 25.0% | 25.0% | 20.0% |
| Total Long-Term Assets | $199.6M | $202.6M | $198.0M |
| YoY Change | 0.81% | 1.1% | -1.22% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $217.5M | $217.5M | $217.2M |
| Total Long-Term Assets | $199.6M | $202.6M | $198.0M |
| Total Assets | $420.1M | $420.1M | $417.6M |
| YoY Change | 0.6% | 0.6% | -3.04% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $14.00M | $14.00M | $15.70M |
| YoY Change | -10.83% | -10.83% | -3.68% |
| Accrued Expenses | $45.60M | $45.60M | $39.30M |
| YoY Change | 16.03% | 16.03% | 1.03% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $67.20M | $67.20M | $61.30M |
| YoY Change | 9.62% | 9.62% | -0.65% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $7.100M | $7.100M | $4.000M |
| YoY Change | 77.5% | 77.5% | 25.0% |
| Total Long-Term Liabilities | $7.100M | $7.100M | $4.000M |
| YoY Change | 77.5% | 77.5% | 25.0% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $67.20M | $67.20M | $61.30M |
| Total Long-Term Liabilities | $7.100M | $7.100M | $4.000M |
| Total Liabilities | $74.30M | $74.30M | $65.30M |
| YoY Change | 13.78% | 13.78% | 0.62% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | |||
| YoY Change | |||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $345.8M | $345.8M | $352.3M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $420.1M | $420.1M | $417.6M |
| YoY Change | 0.6% | 0.6% | -3.04% |
Cashflow Statement
| Concept | 2014 Q2 | 2014 | 2013 Q2 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $6.900M | $19.90M | $5.300M |
| YoY Change | 30.19% | -2.93% | -40.45% |
| Depreciation, Depletion And Amortization | $1.310M | $5.320M | $1.500M |
| YoY Change | -12.67% | -15.15% | -16.2% |
| Cash From Operating Activities | $18.35M | $32.02M | $16.92M |
| YoY Change | 8.45% | -8.41% | 2.11% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$630.0K | -$3.730M | -$690.0K |
| YoY Change | -8.7% | 18.41% | 50.0% |
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$1.000M | -$8.990M | $7.990M |
| YoY Change | -112.52% | 347.26% | 299.5% |
| Cash From Investing Activities | -$1.630M | -$12.72M | $7.310M |
| YoY Change | -122.3% | 146.99% | 374.68% |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | -10.54M | -32.91M | -14.66M |
| YoY Change | -28.1% | -13.6% | 66.59% |
| NET CHANGE | |||
| Cash From Operating Activities | 18.35M | 32.02M | 16.92M |
| Cash From Investing Activities | -1.630M | -12.72M | 7.310M |
| Cash From Financing Activities | -10.54M | -32.91M | -14.66M |
| Net Change In Cash | 6.180M | -13.61M | 9.570M |
| YoY Change | -35.42% | 64.37% | 2.79% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $18.35M | $32.02M | $16.92M |
| Capital Expenditures | -$630.0K | -$3.730M | -$690.0K |
| Free Cash Flow | $18.98M | $35.75M | $17.61M |
| YoY Change | 7.78% | -6.19% | 3.41% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014 | recn |
Share Based Compensation Arrangement By Share Based Payment Award Shares Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesForfeituresInPeriod
|
215000 | |
| CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
213000 | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
1433000 | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
7496000 | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
19.12 | |
| CY2014 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P5Y1M10D | |
| CY2014 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
13.12 | |
| CY2014 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
39216000 | |
| CY2013Q2 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
198021000 | |
| CY2014Q2 | us-gaap |
Assets Noncurrent
AssetsNoncurrent
|
199616000 |
