2015 Q3 Form 10-Q Financial Statement
#000156459015008724 Filed on October 28, 2015
Income Statement
| Concept | 2015 Q3 | 2014 Q3 |
|---|---|---|
| Revenue | $444.0M | $491.4M |
| YoY Change | -9.65% | 3.36% |
| Cost Of Revenue | $366.4M | $426.3M |
| YoY Change | -14.06% | 6.28% |
| Gross Profit | $77.60M | $65.10M |
| YoY Change | 19.2% | -12.43% |
| Gross Profit Margin | 17.48% | 13.25% |
| Selling, General & Admin | $26.20M | $31.75M |
| YoY Change | -17.48% | 2.34% |
| % of Gross Profit | 33.76% | 48.77% |
| Research & Development | $12.60M | $11.10M |
| YoY Change | 13.51% | -9.02% |
| % of Gross Profit | 16.24% | 17.05% |
| Depreciation & Amortization | $16.80M | $15.40M |
| YoY Change | 9.09% | 10.79% |
| % of Gross Profit | 21.65% | 23.66% |
| Operating Expenses | $38.80M | $31.75M |
| YoY Change | 22.21% | 2.34% |
| Operating Profit | $38.79M | $22.25M |
| YoY Change | 74.33% | -28.41% |
| Interest Expense | -$3.837M | $2.846M |
| YoY Change | -234.82% | -4.72% |
| % of Operating Profit | -9.89% | 12.79% |
| Other Income/Expense, Net | -$4.025M | |
| YoY Change | 24.31% | |
| Pretax Income | $33.11M | $18.23M |
| YoY Change | 81.66% | -34.54% |
| Income Tax | $8.200M | $4.748M |
| % Of Pretax Income | 24.76% | 26.05% |
| Net Earnings | $24.91M | $13.49M |
| YoY Change | 84.66% | -33.87% |
| Net Earnings / Revenue | 5.61% | 2.75% |
| Basic Earnings Per Share | $0.59 | |
| Diluted Earnings Per Share | $1.09 | $0.59 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 22.30M | 22.73M shares |
| Diluted Shares Outstanding | 22.88M shares |
Balance Sheet
| Concept | 2015 Q3 | 2014 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $160.5M | $88.70M |
| YoY Change | 80.95% | -13.97% |
| Cash & Equivalents | $160.5M | $88.71M |
| Short-Term Investments | ||
| Other Short-Term Assets | $37.60M | $22.77M |
| YoY Change | 65.14% | -6.96% |
| Inventory | $179.9M | $196.8M |
| Prepaid Expenses | ||
| Receivables | $267.5M | $288.5M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $645.4M | $609.0M |
| YoY Change | 5.97% | 0.02% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $543.5M | $503.9M |
| YoY Change | 7.85% | 4.78% |
| Goodwill | $11.59M | |
| YoY Change | -1.28% | |
| Intangibles | $21.52M | |
| YoY Change | -11.93% | |
| Long-Term Investments | $19.40M | $19.50M |
| YoY Change | -0.51% | 15.38% |
| Other Assets | $9.800M | $12.94M |
| YoY Change | -24.27% | 23.33% |
| Total Long-Term Assets | $602.6M | $569.5M |
| YoY Change | 5.81% | 4.59% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $645.4M | $609.0M |
| Total Long-Term Assets | $602.6M | $569.5M |
| Total Assets | $1.248B | $1.179B |
| YoY Change | 5.9% | 2.18% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $139.9M | $168.0M |
| YoY Change | -16.72% | 7.59% |
| Accrued Expenses | $88.40M | $67.98M |
| YoY Change | 30.04% | -8.81% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $21.70M | $36.36M |
| YoY Change | -40.31% | 3.2% |
| Total Short-Term Liabilities | $250.0M | $272.3M |
| YoY Change | -8.19% | 2.41% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $319.8M | $228.8M |
| YoY Change | 39.77% | -5.29% |
| Other Long-Term Liabilities | $108.1M | $78.69M |
| YoY Change | 37.38% | -21.11% |
| Total Long-Term Liabilities | $427.9M | $307.5M |
| YoY Change | 39.16% | -9.91% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $250.0M | $272.3M |
| Total Long-Term Liabilities | $427.9M | $307.5M |
| Total Liabilities | $696.5M | $579.8M |
| YoY Change | 20.13% | -4.51% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $518.3M | |
| YoY Change | 9.82% | |
| Common Stock | $25.63M | |
| YoY Change | 0.34% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $64.93M | |
| YoY Change | 11.6% | |
| Treasury Stock Shares | 3.354M shares | |
| Shareholders Equity | $551.6M | $574.4M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.248B | $1.179B |
| YoY Change | 5.9% | 2.18% |
Cashflow Statement
| Concept | 2015 Q3 | 2014 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $24.91M | $13.49M |
| YoY Change | 84.66% | -33.87% |
| Depreciation, Depletion And Amortization | $16.80M | $15.40M |
| YoY Change | 9.09% | 10.79% |
| Cash From Operating Activities | $45.20M | $29.90M |
| YoY Change | 51.17% | -25.06% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$36.30M | -$23.30M |
| YoY Change | 55.79% | -7.17% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$1.800M | -$1.500M |
| YoY Change | 20.0% | -76.56% |
| Cash From Investing Activities | -$38.20M | -$24.80M |
| YoY Change | 54.03% | -21.52% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 74.80M | -9.700M |
| YoY Change | -871.13% | -25.38% |
| NET CHANGE | ||
| Cash From Operating Activities | 45.20M | 29.90M |
| Cash From Investing Activities | -38.20M | -24.80M |
| Cash From Financing Activities | 74.80M | -9.700M |
| Net Change In Cash | 81.80M | -4.600M |
| YoY Change | -1878.26% | -2.13% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $45.20M | $29.90M |
| Capital Expenditures | -$36.30M | -$23.30M |
| Free Cash Flow | $81.50M | $53.20M |
| YoY Change | 53.2% | -18.15% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
126157000 | |
| CY2014Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
57076000 | |
| CY2015Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
127943000 | |
| CY2015Q3 | us-gaap |
Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
|
164000 | |
| CY2015Q3 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
19526000 | |
| CY2015Q3 | us-gaap |
Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
|
106000 | |
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-15687000 | ||
| us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
100000000 | ||
| us-gaap |
Dividends
Dividends
|
11381000 | ||
| us-gaap |
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
2964000 | ||
| us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
6322000 | ||
| us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
11381000 | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2000000 | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
6589000 | ||
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
431000 | ||
| us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1563000 | ||
| us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
260000 | ||
| us-gaap |
Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
621000 | ||
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-673000 | ||
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-433000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
55067000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-19577000 | ||
| us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-7589000 | ||
| us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-2646000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
75242000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-44640000 | ||
| CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
133347000 | |
| CY2014Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
88707000 | |
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
12560000 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
19402000 | ||
| us-gaap |
Interest Paid
InterestPaid
|
6381000 | ||
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Interest Paid
InterestPaid
|
6763000 | ||
| us-gaap |
Dividends
Dividends
|
12067000 | ||
| us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
2273000 | ||
| scl |
Adjustment To Stockholders Equity For Long Term Incentive Plans And Tax Effects Net
AdjustmentToStockholdersEquityForLongTermIncentivePlansAndTaxEffectsNet
|
3617000 | ||
| CY2013Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
553741000 | |
| us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
6723000 | ||
| scl |
Adjustment To Stockholders Equity For Long Term Incentive Plans And Tax Effects Net
AdjustmentToStockholdersEquityForLongTermIncentivePlansAndTaxEffectsNet
|
2241000 | ||
| CY2015Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
341453000 | |
| CY2014Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
273931000 | |
| CY2015Q3 | us-gaap |
Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
|
50000 | |
| CY2015Q3 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
156000 | |
| CY2014Q4 | us-gaap |
Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
|
73000 | |
| CY2014Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
20290000 | |
| CY2014Q4 | us-gaap |
Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
|
628000 | |
| CY2015Q3 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
45430000 | |
| CY2014Q4 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
51623000 | |
| scl |
Derivative Foreign Currency Exchange Contracts Settlement Period
DerivativeForeignCurrencyExchangeContractsSettlementPeriod
|
P2M | ||
| CY2015Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
-201000 | |
| CY2014Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
-164000 | |
| CY2015Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
51910000 | |
| CY2015Q3 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
28564000 | |
| CY2014Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
34340000 | |
| CY2015Q3 | us-gaap |
Loss Contingency Range Of Possible Loss Minimum
LossContingencyRangeOfPossibleLossMinimum
|
20600000 | |
| CY2015Q3 | us-gaap |
Loss Contingency Range Of Possible Loss Maximum
LossContingencyRangeOfPossibleLossMaximum
|
41100000 | |
| CY2015Q3 | us-gaap |
Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
|
20600000 | |
| CY2014Q4 | us-gaap |
Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
|
22000000 | |
| us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
2300000 | ||
| us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
800000 | ||
| scl |
Number Of States In Auditing Process
NumberOfStatesInAuditingProcess
|
7 | ||
| CY2015Q3 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-724000 | |
| CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-19042000 | |
| CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-29528000 | |
| us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-1255000 | ||
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-14432000 | ||
| us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-38990000 | ||
| us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-2224000 | ||
| us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-36766000 | ||
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | ||
| CY2015Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-79000 | |
| CY2014Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-233000 | |
| CY2015Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
33000 | |
| CY2014Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
14000 | |
| CY2015Q3 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
-935000 | |
| CY2014Q3 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
188000 |
