2018 Q3 Form 10-Q Financial Statement

#000117175918000018 Filed on August 22, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $315.4M $317.3M
YoY Change -0.61% 3.85%
Cost Of Revenue $250.5M $73.90M
YoY Change 238.96% 4.34%
Gross Profit $64.90M $243.4M
YoY Change -73.34% 3.7%
Gross Profit Margin 20.58% 76.71%
Selling, General & Admin $35.62M $36.29M
YoY Change -1.85% 16.99%
% of Gross Profit 54.88% 14.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.32M $21.17M
YoY Change 5.43% 10.51%
% of Gross Profit 34.4% 8.7%
Operating Expenses $35.62M $36.29M
YoY Change -1.85% 16.99%
Operating Profit -$4.214M $9.366M
YoY Change -144.99% -10.07%
Interest Expense -$2.400M -$2.500M
YoY Change -4.0% 66.67%
% of Operating Profit -26.69%
Other Income/Expense, Net
YoY Change
Pretax Income -$6.599M $6.913M
YoY Change -195.46% -22.58%
Income Tax -$4.725M -$18.00K
% Of Pretax Income -0.26%
Net Earnings -$1.874M $6.931M
YoY Change -127.04% -8.22%
Net Earnings / Revenue -0.59% 2.18%
Basic Earnings Per Share -$0.14 $0.54
Diluted Earnings Per Share -$0.14 $0.53
COMMON SHARES
Basic Shares Outstanding 12.98M shares 12.90M shares
Diluted Shares Outstanding 12.98M shares 13.01M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.90M $20.20M
YoY Change 8.42% -22.01%
Cash & Equivalents $21.90M $20.18M
Short-Term Investments
Other Short-Term Assets $17.80M $22.90M
YoY Change -22.27% 29.38%
Inventory $29.29M $29.55M
Prepaid Expenses
Receivables $13.99M $12.93M
Other Receivables $0.00 $0.00
Total Short-Term Assets $82.98M $85.51M
YoY Change -2.96% -2.75%
LONG-TERM ASSETS
Property, Plant & Equipment $607.3M $651.2M
YoY Change -6.74% -3.25%
Goodwill $96.32M $96.62M
YoY Change -0.31% -0.52%
Intangibles $36.63M $40.67M
YoY Change -9.94% -7.35%
Long-Term Investments
YoY Change
Other Assets $39.22M $29.21M
YoY Change 34.27% 19.14%
Total Long-Term Assets $779.5M $817.7M
YoY Change -4.67% -2.5%
TOTAL ASSETS
Total Short-Term Assets $82.98M $85.51M
Total Long-Term Assets $779.5M $817.7M
Total Assets $862.4M $903.2M
YoY Change -4.51% -2.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.69M $19.78M
YoY Change 70.29% 1.94%
Accrued Expenses $39.85M $41.91M
YoY Change -4.92% 10.67%
Deferred Revenue $40.63M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $151.8M $156.5M
YoY Change -3.01% 1.43%
LONG-TERM LIABILITIES
Long-Term Debt $231.2M $290.6M
YoY Change -20.44% -4.56%
Other Long-Term Liabilities $10.69M $10.08M
YoY Change 6.05% -40.19%
Total Long-Term Liabilities $10.69M $10.08M
YoY Change 6.05% -40.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $151.8M $156.5M
Total Long-Term Liabilities $10.69M $10.08M
Total Liabilities $470.6M $530.9M
YoY Change -11.35% -2.7%
SHAREHOLDERS EQUITY
Retained Earnings $385.3M $371.2M
YoY Change 3.78% 2.33%
Common Stock $211.4M $208.4M
YoY Change 1.42% 0.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $200.5M $203.3M
YoY Change -1.4% 9.77%
Treasury Stock Shares 4.848M shares 4.917M shares
Shareholders Equity $391.8M $372.3M
YoY Change
Total Liabilities & Shareholders Equity $862.4M $903.2M
YoY Change -4.51% -2.52%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income -$1.874M $6.931M
YoY Change -127.04% -8.22%
Depreciation, Depletion And Amortization $22.32M $21.17M
YoY Change 5.43% 10.51%
Cash From Operating Activities $20.00M $34.70M
YoY Change -42.36% 41.06%
INVESTING ACTIVITIES
Capital Expenditures -$11.40M -$17.30M
YoY Change -34.1% -60.77%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$11.40M -$17.30M
YoY Change -34.1% -58.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.700M -19.60M
YoY Change -50.51% -207.69%
NET CHANGE
Cash From Operating Activities 20.00M 34.70M
Cash From Investing Activities -11.40M -17.30M
Cash From Financing Activities -9.700M -19.60M
Net Change In Cash -1.100M -2.200M
YoY Change -50.0% -414.29%
FREE CASH FLOW
Cash From Operating Activities $20.00M $34.70M
Capital Expenditures -$11.40M -$17.30M
Free Cash Flow $31.40M $52.00M
YoY Change -39.62% -24.31%

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CY2017Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
755000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
967000 USD
CY2018Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-497000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-770000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
755000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
967000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-497000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-770000 USD
CY2017Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
40057000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
92121000 USD
CY2018Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
42668000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
97693000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
11289000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
10685000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1944000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
964000 USD
CY2017Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1584000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1584000 USD
CY2018Q3 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
10615000 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
16902000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
664000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
41847000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
27319000 USD
CY2017Q3 us-gaap Pre Opening Costs
PreOpeningCosts
1377000 USD
us-gaap Pre Opening Costs
PreOpeningCosts
3232000 USD
CY2018Q3 us-gaap Pre Opening Costs
PreOpeningCosts
569000 USD
us-gaap Pre Opening Costs
PreOpeningCosts
1706000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2018Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2018Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
31038000 USD
CY2018Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
17798000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
85250000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
607305000 USD
CY2017Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
317310000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
737940000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
315388000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
160500000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2588000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
732000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
113000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
115000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
638151000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
141826000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
205870000 USD
CY2017Q3 us-gaap Restructuring Costs
RestructuringCosts
0 USD
us-gaap Restructuring Costs
RestructuringCosts
0 USD
CY2018Q3 us-gaap Restructuring Costs
RestructuringCosts
466000 USD
us-gaap Restructuring Costs
RestructuringCosts
2753000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
382760000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
385266000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
736907000 USD
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
36288000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
84252000 USD
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
35617000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
81935000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2487000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2356000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
387435000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
391818000 USD
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
4897000 shares
CY2018Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
4848000 shares
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
202485000 USD
CY2018Q3 us-gaap Treasury Stock Value
TreasuryStockValue
200482000 USD
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2400000 USD
CY2018Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
2000000 USD
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13008000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12971000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12982000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13080000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12896000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12872000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12982000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12979000 shares

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