2015 Q2 Form 10-Q Financial Statement

#000091256215000052 Filed on August 07, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $253.2M $235.0M
YoY Change 7.75% 4.65%
Cost Of Revenue $209.1M $194.8M
YoY Change 7.3% 8.36%
Gross Profit $44.12M $40.12M
YoY Change 9.96% -10.25%
Gross Profit Margin 17.43% 17.08%
Selling, General & Admin $32.92M $25.39M
YoY Change 29.63% -10.66%
% of Gross Profit 74.61% 63.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.100M $6.500M
YoY Change 9.23% -4.41%
% of Gross Profit 16.09% 16.2%
Operating Expenses $32.92M $25.39M
YoY Change 29.63% -10.66%
Operating Profit $11.20M $14.73M
YoY Change -23.96% -9.54%
Interest Expense $3.811M $3.691M
YoY Change 3.25% 0.03%
% of Operating Profit 34.02% 25.06%
Other Income/Expense, Net -$1.101M -$519.0K
YoY Change 112.14% -5866.67%
Pretax Income $6.289M $10.52M
YoY Change -40.22% -16.52%
Income Tax $2.202M $4.089M
% Of Pretax Income 35.01% 38.87%
Net Earnings $4.087M $6.431M
YoY Change -36.45% -16.83%
Net Earnings / Revenue 1.61% 2.74%
Basic Earnings Per Share $0.13 $0.21
Diluted Earnings Per Share $0.13 $0.21
COMMON SHARES
Basic Shares Outstanding 31.21M shares 31.07M shares
Diluted Shares Outstanding 31.50M shares 31.27M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.40M $87.80M
YoY Change -55.13% 96.86%
Cash & Equivalents $39.42M $87.76M
Short-Term Investments
Other Short-Term Assets $23.34M $18.15M
YoY Change 28.6% 6.13%
Inventory $134.8M $126.6M
Prepaid Expenses
Receivables $180.4M $129.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $377.9M $362.2M
YoY Change 4.32% 19.71%
LONG-TERM ASSETS
Property, Plant & Equipment $125.0M $128.8M
YoY Change -2.93% -10.82%
Goodwill $292.9M $341.2M
YoY Change -14.15%
Intangibles $136.7M $88.97M
YoY Change 53.68%
Long-Term Investments
YoY Change
Other Assets $7.461M $7.436M
YoY Change 0.34% 3.28%
Total Long-Term Assets $562.1M $566.4M
YoY Change -0.75% -6.45%
TOTAL ASSETS
Total Short-Term Assets $377.9M $362.2M
Total Long-Term Assets $562.1M $566.4M
Total Assets $940.0M $928.6M
YoY Change 1.22% 2.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $114.7M $99.26M
YoY Change 15.58% 21.35%
Accrued Expenses $92.38M $50.85M
YoY Change 81.68% 15.56%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $400.0K
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $207.5M $150.5M
YoY Change 37.87% 19.26%
LONG-TERM LIABILITIES
Long-Term Debt $242.8M $213.2M
YoY Change 13.88% -0.19%
Other Long-Term Liabilities $38.33M $32.23M
YoY Change 18.95% -1.75%
Total Long-Term Liabilities $281.1M $245.4M
YoY Change 14.55% -0.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $207.5M $150.5M
Total Long-Term Liabilities $281.1M $245.4M
Total Liabilities $488.6M $395.9M
YoY Change 23.41% -7.84%
SHAREHOLDERS EQUITY
Retained Earnings $164.2M $240.8M
YoY Change -31.8%
Common Stock $314.0K $313.0K
YoY Change 0.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.777M $5.223M
YoY Change 10.61%
Treasury Stock Shares 453.0K shares 417.0K shares
Shareholders Equity $396.6M $477.5M
YoY Change
Total Liabilities & Shareholders Equity $940.0M $928.6M
YoY Change 1.22% 2.27%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $4.087M $6.431M
YoY Change -36.45% -16.83%
Depreciation, Depletion And Amortization $7.100M $6.500M
YoY Change 9.23% -4.41%
Cash From Operating Activities $26.60M $10.80M
YoY Change 146.3% -40.0%
INVESTING ACTIVITIES
Capital Expenditures -$2.600M -$7.400M
YoY Change -64.86% 174.07%
Acquisitions
YoY Change
Other Investing Activities -$133.1M $6.000M
YoY Change -2318.33%
Cash From Investing Activities -$135.7M -$1.500M
YoY Change 8946.67% -44.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 29.70M -300.0K
YoY Change -10000.0% -40.0%
NET CHANGE
Cash From Operating Activities 26.60M 10.80M
Cash From Investing Activities -135.7M -1.500M
Cash From Financing Activities 29.70M -300.0K
Net Change In Cash -79.40M 9.000M
YoY Change -982.22% -39.19%
FREE CASH FLOW
Cash From Operating Activities $26.60M $10.80M
Capital Expenditures -$2.600M -$7.400M
Free Cash Flow $29.20M $18.20M
YoY Change 60.44% -12.08%

Facts In Submission

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CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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OtherNonoperatingIncomeExpense
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Restructuring
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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11498000 USD
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CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
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CY2014Q4 us-gaap Preferred Stock Shares Authorized
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CY2015Q2 us-gaap Preferred Stock Shares Authorized
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CY2014Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
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CY2014Q4 us-gaap Preferred Stock Value
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CY2015Q2 us-gaap Preferred Stock Value
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CY2015Q2 us-gaap Present Value Of Future Minimum Lease Payments Sale Leaseback Transactions
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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41392000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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5950000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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26181000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
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CY2015Q2 us-gaap Property Plant And Equipment Net
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2015Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
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72000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
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72000 USD
us-gaap Repayments Of Long Term Debt
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407000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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us-gaap Repayments Of Long Term Debt
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us-gaap Restructuring Charges
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CY2013Q4 us-gaap Restructuring Reserve
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CY2014Q1 us-gaap Restructuring Reserve
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728000 USD
CY2014Q4 us-gaap Restructuring Reserve
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575000 USD
CY2015Q2 us-gaap Restructuring Reserve
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700000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
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154625000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
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164221000 USD
CY2014Q2 us-gaap Revenues
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us-gaap Revenues
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425992000 USD
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CY2015Q1 us-gaap Sale Leaseback Transaction Current Period Gain Recognized
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us-gaap Sale Leaseback Transaction Current Period Gain Recognized
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6799000 USD
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13144000 USD
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26373000 USD
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us-gaap Sales Revenue Net
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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1406000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
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P4Y
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2014Q4 us-gaap Stockholders Equity
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CY2014Q4 us-gaap Treasury Stock Shares
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5390000 USD
CY2015Q2 us-gaap Treasury Stock Value
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CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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31235000 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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31066000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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31028000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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31210000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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31200000 shares

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