2017 Q1 Form 10-Q Financial Statement
#000156459017007517 Filed on April 27, 2017
Income Statement
| Concept | 2017 Q1 | 2016 Q1 |
|---|---|---|
| Revenue | $468.3M | $445.9M |
| YoY Change | 5.02% | -3.16% |
| Cost Of Revenue | $376.2M | $352.4M |
| YoY Change | 6.75% | -8.23% |
| Gross Profit | $92.12M | $93.50M |
| YoY Change | -1.48% | 22.31% |
| Gross Profit Margin | 19.67% | 20.97% |
| Selling, General & Admin | $31.50M | $32.40M |
| YoY Change | -2.78% | 0.2% |
| % of Gross Profit | 34.19% | 34.65% |
| Research & Development | $13.40M | $13.80M |
| YoY Change | -2.9% | 16.95% |
| % of Gross Profit | 14.55% | 14.76% |
| Depreciation & Amortization | $18.71M | $18.10M |
| YoY Change | 3.35% | 12.23% |
| % of Gross Profit | 20.31% | 19.36% |
| Operating Expenses | $45.20M | $48.89M |
| YoY Change | -7.55% | 10.8% |
| Operating Profit | $46.23M | $44.61M |
| YoY Change | 3.64% | 26.8% |
| Interest Expense | -$2.992M | -$3.614M |
| YoY Change | -17.21% | -10.85% |
| % of Operating Profit | -6.47% | -8.1% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $44.33M | $40.47M |
| YoY Change | 9.54% | 32.53% |
| Income Tax | $12.40M | $12.50M |
| % Of Pretax Income | 27.97% | 30.89% |
| Net Earnings | $31.91M | $27.92M |
| YoY Change | 14.32% | 31.25% |
| Net Earnings / Revenue | 6.82% | 6.26% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $1.37 | $1.22 |
| COMMON SHARES | ||
| Basic Shares Outstanding | ||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2017 Q1 | 2016 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $197.8M | $145.7M |
| YoY Change | 35.76% | 49.74% |
| Cash & Equivalents | $197.8M | $145.7M |
| Short-Term Investments | ||
| Other Short-Term Assets | $24.53M | $24.04M |
| YoY Change | 2.04% | 7.31% |
| Inventory | $189.8M | $177.8M |
| Prepaid Expenses | ||
| Receivables | $287.5M | $291.6M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $699.6M | $639.1M |
| YoY Change | 9.47% | 10.39% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $584.1M | $558.7M |
| YoY Change | 4.55% | 7.83% |
| Goodwill | $25.80M | |
| YoY Change | ||
| Intangibles | $21.72M | |
| YoY Change | ||
| Long-Term Investments | $25.60M | $20.80M |
| YoY Change | 23.08% | 3.48% |
| Other Assets | $13.65M | $12.70M |
| YoY Change | 7.44% | 31.35% |
| Total Long-Term Assets | $670.8M | $620.9M |
| YoY Change | 8.04% | 7.16% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $699.6M | $639.1M |
| Total Long-Term Assets | $670.8M | $620.9M |
| Total Assets | $1.370B | $1.260B |
| YoY Change | 8.76% | 8.78% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $163.8M | $130.0M |
| YoY Change | 25.96% | -8.52% |
| Accrued Expenses | $80.01M | $76.10M |
| YoY Change | 5.14% | 1.6% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $27.85M | $15.30M |
| YoY Change | 82.01% | -44.96% |
| Total Short-Term Liabilities | $271.6M | $221.3M |
| YoY Change | 22.73% | -9.6% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $288.9M | $312.6M |
| YoY Change | -7.58% | 22.14% |
| Other Long-Term Liabilities | $120.2M | $118.0M |
| YoY Change | 1.84% | 5.95% |
| Total Long-Term Liabilities | $409.1M | $430.6M |
| YoY Change | -5.0% | 17.23% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $271.6M | $221.3M |
| Total Long-Term Liabilities | $409.1M | $430.6M |
| Total Liabilities | $680.7M | $665.1M |
| YoY Change | 2.34% | 8.66% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $676.4M | |
| YoY Change | ||
| Common Stock | $187.1M | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $73.77M | |
| YoY Change | ||
| Treasury Stock Shares | $3.501M | |
| Shareholders Equity | $673.2M | $594.8M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.370B | $1.260B |
| YoY Change | 8.76% | 8.78% |
Cashflow Statement
| Concept | 2017 Q1 | 2016 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $31.91M | $27.92M |
| YoY Change | 14.32% | 31.25% |
| Depreciation, Depletion And Amortization | $18.71M | $18.10M |
| YoY Change | 3.35% | 12.23% |
| Cash From Operating Activities | $3.300M | -$1.800M |
| YoY Change | -283.33% | -105.31% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $20.40M | $19.34M |
| YoY Change | 5.46% | -31.65% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $1.887M | $3.119M |
| YoY Change | -39.5% | 4172.6% |
| Cash From Investing Activities | -$26.60M | -$22.50M |
| YoY Change | 18.22% | -10.36% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | $4.606M | $4.237M |
| YoY Change | 8.71% | 4.69% |
| Common Stock Issuance & Retirement, Net | $1.500M | $908.0K |
| YoY Change | 65.2% | |
| Debt Paid & Issued, Net | $441.0K | $159.0K |
| YoY Change | 177.36% | -92.29% |
| Cash From Financing Activities | -7.200M | -8.900M |
| YoY Change | -19.1% | -209.88% |
| NET CHANGE | ||
| Cash From Operating Activities | 3.300M | -1.800M |
| Cash From Investing Activities | -26.60M | -22.50M |
| Cash From Financing Activities | -7.200M | -8.900M |
| Net Change In Cash | -30.50M | -33.20M |
| YoY Change | -8.13% | -296.45% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $3.300M | -$1.800M |
| Capital Expenditures | $20.40M | $19.34M |
| Free Cash Flow | -$17.10M | -$21.14M |
| YoY Change | -19.13% | -477.16% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2016Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
596243000 | |
| CY2017Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
24525000 | |
| CY2017Q1 | us-gaap |
Assets Current
AssetsCurrent
|
699602000 | |
| CY2017Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1534929000 | |
| CY2017Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
950822000 | |
| CY2017Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
584107000 | |
| CY2017Q1 | us-gaap |
Goodwill
Goodwill
|
25802000 | |
| CY2017Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
21716000 | |
| CY2017Q1 | us-gaap |
Long Term Investments
LongTermInvestments
|
25560000 | |
| CY2017Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
13645000 | |
| CY2017Q1 | us-gaap |
Assets
Assets
|
1370432000 | |
| CY2017Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
27848000 | |
| CY2017Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
163751000 | |
| CY2017Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
80011000 | |
| CY2017Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
271610000 | |
| CY2017Q1 | us-gaap |
Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
|
15190000 | |
| CY2017Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
288898000 | |
| CY2017Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
120177000 | |
| CY2017Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2017Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
25970000 | |
| CY2017Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
161113000 | |
| CY2017Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-116461000 | |
| CY2017Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
674557000 | |
| CY2017Q1 | us-gaap |
Minority Interest
MinorityInterest
|
1324000 | |
| CY2017Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1370432000 | |
| CY2017Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
1 | |
| CY2017Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
676377000 | |
| CY2017Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
73766000 | |
| CY2017Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
673233000 | |
| CY2017Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
60000000 | |
| CY2017Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
25970037 | |
| CY2017Q1 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
3501313 | |
| CY2017Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
18707000 | |
| CY2017Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
1645000 | |
| CY2017Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1385000 | |
| CY2017Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
2543000 | |
| CY2017Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-721000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
20263000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
14396000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1694000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-14184000 | |
| CY2017Q1 | us-gaap |
Increase Decrease In Pension Plan Obligations
IncreaseDecreaseInPensionPlanObligations
|
-127000 | |
| CY2017Q1 | scl |
Environmental And Legal Liabilities Increase Decrease
EnvironmentalAndLegalLiabilitiesIncreaseDecrease
|
24000 | |
| CY2017Q1 | us-gaap |
Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
|
-81000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
3278000 | |
| CY2017Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
20396000 | |
| CY2017Q1 | us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
4339000 | |
| CY2017Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
1887000 | |
| CY2016Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
3119000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-26622000 | |
| CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-22459000 | |
| CY2016Q1 | us-gaap |
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
-3588000 | |
| CY2017Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
441000 | |
| CY2016Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
159000 | |
| CY2017Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
4606000 | |
| CY2017Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1500000 | |
| CY2017Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
835000 | |
| CY2017Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-1486000 | |
| CY2017Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-7198000 | |
| CY2017Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
2608000 | |
| CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
176143000 | |
| CY2017Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-5603000 | |
| CY2017Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-27934000 | |
| CY2017Q1 | us-gaap |
Interest Paid
InterestPaid
|
2164000 | |
| CY2017Q1 | us-gaap |
Payments For Legal Settlements
PaymentsForLegalSettlements
|
400000 | |
| CY2017Q1 | scl |
Site Contingency Maximum Future Response Cost Percentage
SiteContingencyMaximumFutureResponseCostPercentage
|
0.05 | |
| CY2017Q1 | us-gaap |
Dividends
Dividends
|
4606000 | |
| CY2017Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
2991000 | |
| CY2017Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
835000 | |
| CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
558384000 | |
| CY2016Q1 | us-gaap |
Dividends
Dividends
|
4237000 | |
| CY2016Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
1143000 | |
| CY2016Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
258000 | |
| CY2017Q1 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
1102000 | |
| CY2016Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
1141000 | |
| CY2017Q1 | scl |
Long Term Debt Without Deferred Loan Expenses
LongTermDebtWithoutDeferredLoanExpenses
|
317848000 | |
| CY2017Q1 | us-gaap |
Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
|
671000 | |
| CY2017Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
26231000 | |
| CY2017Q1 | us-gaap |
Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
|
185000 | |
| CY2016Q4 | us-gaap |
Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
|
453000 | |
| CY2016Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
24508000 | |
| CY2016Q4 | us-gaap |
Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
|
469000 | |
| CY2017Q1 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
32021000 | |
| CY2016Q4 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
33372000 | |
| CY2017Q1 | scl |
Allocated Share Based Compensation Expense Income
AllocatedShareBasedCompensationExpenseIncome
|
1385000 | |
| CY2016Q1 | scl |
Allocated Share Based Compensation Expense Income
AllocatedShareBasedCompensationExpenseIncome
|
2423000 | |
| CY2017Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
129244000 | |
| CY2017Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
60533000 | |
| CY2017Q1 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
28835000 | |
| CY2017Q1 | us-gaap |
Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
|
25800000 | |
| CY2017Q1 | scl |
Payments For Site Contingencies
PaymentsForSiteContingencies
|
2500000 | |
| CY2017Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | |
| CY2017Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
316746000 | |
| CY2016Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
317013000 | |
| CY2017Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-484000 | |
| CY2017Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
102000 | |
| CY2016Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
1985000 | |
| CY2017Q1 | us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
1478000 | |
| CY2017Q1 | us-gaap |
Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
|
23000 | |
| CY2017Q1 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
1316000 |
