2016 Q4 Form 10-Q Financial Statement
#000156459016026439 Filed on October 28, 2016
Income Statement
Concept | 2016 Q4 | 2015 Q3 |
---|---|---|
Revenue | $420.6M | $444.0M |
YoY Change | 0.32% | -9.65% |
Cost Of Revenue | $351.9M | $366.4M |
YoY Change | 2.12% | -14.06% |
Gross Profit | $68.72M | $77.60M |
YoY Change | -7.99% | 19.2% |
Gross Profit Margin | 16.34% | 17.48% |
Selling, General & Admin | $34.80M | $26.20M |
YoY Change | -15.53% | -17.48% |
% of Gross Profit | 50.64% | 33.76% |
Research & Development | $13.80M | $12.60M |
YoY Change | 4.55% | 13.51% |
% of Gross Profit | 20.08% | 16.24% |
Depreciation & Amortization | $19.80M | $16.80M |
YoY Change | 14.45% | 9.09% |
% of Gross Profit | 28.81% | 21.65% |
Operating Expenses | $52.80M | $38.80M |
YoY Change | -3.12% | 22.21% |
Operating Profit | $9.932M | $38.79M |
YoY Change | -50.89% | 74.33% |
Interest Expense | -$3.350M | -$3.837M |
YoY Change | -11.21% | -234.82% |
% of Operating Profit | -33.73% | -9.89% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $7.009M | $33.11M |
YoY Change | -53.46% | 81.66% |
Income Tax | -$1.400M | $8.200M |
% Of Pretax Income | -19.97% | 24.76% |
Net Earnings | $8.417M | $24.91M |
YoY Change | -34.61% | 84.66% |
Net Earnings / Revenue | 2.0% | 5.61% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $0.36 | $1.09 |
COMMON SHARES | ||
Basic Shares Outstanding | 22.40M | 22.30M |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2016 Q4 | 2015 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $225.7M | $160.5M |
YoY Change | 28.17% | 80.95% |
Cash & Equivalents | $225.7M | $160.5M |
Short-Term Investments | ||
Other Short-Term Assets | $22.73M | $37.60M |
YoY Change | -2.89% | 65.14% |
Inventory | $173.7M | $179.9M |
Prepaid Expenses | ||
Receivables | $263.4M | $267.5M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $685.5M | $645.4M |
YoY Change | 10.65% | 5.97% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $582.7M | $543.5M |
YoY Change | 4.91% | 7.85% |
Goodwill | $25.31M | |
YoY Change | 124.66% | |
Intangibles | $22.34M | |
YoY Change | 24.4% | |
Long-Term Investments | $24.10M | $19.40M |
YoY Change | 15.31% | -0.51% |
Other Assets | $13.93M | $9.800M |
YoY Change | 5.36% | -24.27% |
Total Long-Term Assets | $668.3M | $602.6M |
YoY Change | 8.0% | 5.81% |
TOTAL ASSETS | ||
Total Short-Term Assets | $685.5M | $645.4M |
Total Long-Term Assets | $668.3M | $602.6M |
Total Assets | $1.354B | $1.248B |
YoY Change | 9.33% | 5.9% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $158.3M | $139.9M |
YoY Change | 23.1% | -16.72% |
Accrued Expenses | $110.8M | $88.40M |
YoY Change | 15.61% | 30.04% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $28.15M | $21.70M |
YoY Change | 49.71% | -40.31% |
Total Short-Term Liabilities | $297.3M | $250.0M |
YoY Change | 22.21% | -8.19% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $288.9M | $319.8M |
YoY Change | -7.58% | 39.77% |
Other Long-Term Liabilities | $119.4M | $108.1M |
YoY Change | 4.0% | 37.38% |
Total Long-Term Liabilities | $408.2M | $427.9M |
YoY Change | -4.47% | 39.16% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $297.3M | $250.0M |
Total Long-Term Liabilities | $408.2M | $427.9M |
Total Liabilities | $705.5M | $696.5M |
YoY Change | 5.21% | 20.13% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $649.1M | |
YoY Change | 11.87% | |
Common Stock | $183.9M | |
YoY Change | 8.0% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $70.94M | |
YoY Change | 3.64% | |
Treasury Stock Shares | $3.470M | |
Shareholders Equity | $634.6M | $551.6M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $1.354B | $1.248B |
YoY Change | 9.33% | 5.9% |
Cashflow Statement
Concept | 2016 Q4 | 2015 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $8.417M | $24.91M |
YoY Change | -34.61% | 84.66% |
Depreciation, Depletion And Amortization | $19.80M | $16.80M |
YoY Change | 14.45% | 9.09% |
Cash From Operating Activities | $92.70M | $45.20M |
YoY Change | 53.99% | 51.17% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$33.30M | -$36.30M |
YoY Change | 14.83% | 55.79% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$24.60M | -$1.800M |
YoY Change | 1950.0% | 20.0% |
Cash From Investing Activities | -$58.00M | -$38.20M |
YoY Change | 92.05% | 54.03% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -12.50M | 74.80M |
YoY Change | -0.79% | -871.13% |
NET CHANGE | ||
Cash From Operating Activities | 92.70M | 45.20M |
Cash From Investing Activities | -58.00M | -38.20M |
Cash From Financing Activities | -12.50M | 74.80M |
Net Change In Cash | 22.20M | 81.80M |
YoY Change | 27.59% | -1878.26% |
FREE CASH FLOW | ||
Cash From Operating Activities | $92.70M | $45.20M |
Capital Expenditures | -$33.30M | -$36.30M |
Free Cash Flow | $126.0M | $81.50M |
YoY Change | 41.26% | 53.2% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Operating Expenses
OperatingExpenses
|
133847000 | ||
CY2016Q3 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
20427000 | |
CY2015Q4 | us-gaap |
Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
|
112000 | |
CY2015Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
21022000 | |
scl |
Deferred Compensation Expense Income
DeferredCompensationExpenseIncome
|
1228000 | ||
scl |
Proceeds From Sale Of Product Line
ProceedsFromSaleOfProductLine
|
3262000 | ||
CY2016Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
22404562 | |
scl |
Gain Loss On Sale Of Product Line
GainLossOnSaleOfProductLine
|
2862000 | ||
us-gaap |
Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
1828000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
117692000 | ||
CY2016Q3 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-499000 | |
CY2015Q4 | scl |
Long Term Debt Without Deferred Loan Expenses
LongTermDebtWithoutDeferredLoanExpenses
|
332623000 | |
CY2015Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
1269000 | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-72549000 | ||
us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
100000000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2000000 | ||
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
2643000 | ||
scl |
Adjustment To Stockholders Equity For Long Term Incentive Plans And Tax Effects Net
AdjustmentToStockholdersEquityForLongTermIncentivePlansAndTaxEffectsNet
|
8190000 | ||
CY2014Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
536944000 | |
scl |
Adjustment To Stockholders Equity For Long Term Incentive Plans And Tax Effects Net
AdjustmentToStockholdersEquityForLongTermIncentivePlansAndTaxEffectsNet
|
3617000 | ||
CY2015Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
553006000 | |
CY2016Q3 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
1193000 | |
CY2016Q3 | scl |
Long Term Debt Without Deferred Loan Expenses
LongTermDebtWithoutDeferredLoanExpenses
|
327340000 | |
CY2016Q3 | us-gaap |
Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
|
82000 | |
CY2015Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
90734 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
136170 | ||
CY2015Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-19766000 | |
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 | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-2211000 | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-1712000 | |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
7688000 | ||
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-1633000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
9321000 | ||
CY2016Q3 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
470000 | |
CY2015Q4 | us-gaap |
Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
|
305000 | |
CY2015Q4 | us-gaap |
Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
|
53000 | |
CY2015Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
358000 | |
CY2016Q3 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
35174819 | |
CY2015Q4 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
31194000 | |
CY2016Q3 | scl |
Allocated Share Based Compensation Expense Income
AllocatedShareBasedCompensationExpenseIncome
|
3607000 | |
CY2015Q3 | scl |
Allocated Share Based Compensation Expense Income
AllocatedShareBasedCompensationExpenseIncome
|
-201000 | |
scl |
Allocated Share Based Compensation Expense Income
AllocatedShareBasedCompensationExpenseIncome
|
8055000 | ||
scl |
Allocated Share Based Compensation Expense Income
AllocatedShareBasedCompensationExpenseIncome
|
2961000 | ||
CY2016Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
132904000 | |
CY2015Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
124481000 | |
CY2016Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
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CY2015Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
45943000 | |
CY2016Q3 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
26235000 | |
CY2015Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
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CY2016Q3 | us-gaap |
Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
|
21400000 | |
CY2015Q4 | us-gaap |
Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
|
20900000 | |
us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
1000000 | ||
us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
2300000 | ||
CY2016Q3 | us-gaap |
Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
|
0 | |
CY2016Q3 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
2899000 | |
CY2015Q3 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
2528000 | |
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
8947000 | ||
us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
7039000 | ||
CY2015Q3 | us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
24912000 | |
us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
75946000 | ||
us-gaap |
Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
|
63096000 | ||
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
134000 | |
CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
119000 | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
124000 | ||
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
117000 | ||
CY2016Q3 | us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
6000 | |
CY2015Q3 | us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
2000 | |
us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
5000 | ||
us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
3000 | ||
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
58287 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | ||
CY2016Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
326147000 | |
CY2015Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
331354000 | |
CY2016Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
286000 | |
CY2015Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-79000 | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-489000 | ||
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
20000 | ||
CY2016Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
18000 | |
CY2015Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
33000 | |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
170000 | ||
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
179000 | ||
CY2016Q3 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
925000 | |
CY2015Q3 | us-gaap |
Gain Loss On Investments
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|
-935000 |