2015 Q2 Form 10-Q Financial Statement
#000114420415047218 Filed on August 07, 2015
Income Statement
| Concept | 2015 Q2 | 2014 Q2 |
|---|---|---|
| Revenue | $34.36M | $33.83M |
| YoY Change | 1.56% | 0.0% |
| Cost Of Revenue | $24.31M | $23.50M |
| YoY Change | 3.45% | 0.04% |
| Gross Profit | $10.05M | $10.33M |
| YoY Change | -2.71% | -0.1% |
| Gross Profit Margin | 29.25% | 30.53% |
| Selling, General & Admin | $2.580M | $2.120M |
| YoY Change | 21.7% | 7.07% |
| % of Gross Profit | 25.67% | 20.52% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $2.600M | $2.120M |
| YoY Change | 22.64% | 6.53% |
| Operating Profit | $7.450M | $8.212M |
| YoY Change | -9.28% | -1.74% |
| Interest Expense | $244.0K | $272.0K |
| YoY Change | -10.29% | -23.81% |
| % of Operating Profit | 3.28% | 3.31% |
| Other Income/Expense, Net | $409.0K | $30.00K |
| YoY Change | 1263.33% | -54.55% |
| Pretax Income | $7.615M | $7.970M |
| YoY Change | -4.45% | 0.45% |
| Income Tax | $3.141M | $3.193M |
| % Of Pretax Income | 41.25% | 40.06% |
| Net Earnings | $4.474M | $4.777M |
| YoY Change | -6.34% | -0.56% |
| Net Earnings / Revenue | 13.02% | 14.12% |
| Basic Earnings Per Share | $0.77 | $0.83 |
| Diluted Earnings Per Share | $0.77 | $0.82 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 5.712M shares | 5.699M shares |
| Diluted Shares Outstanding | 5.757M shares | 5.754M shares |
Balance Sheet
| Concept | 2015 Q2 | 2014 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $27.40M | $25.90M |
| YoY Change | 5.79% | 34.2% |
| Cash & Equivalents | $27.38M | $25.92M |
| Short-Term Investments | ||
| Other Short-Term Assets | $5.100M | $4.900M |
| YoY Change | 4.08% | -7.55% |
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $20.30M | $19.60M |
| Other Receivables | $0.00 | $0.00 |
| Total Short-Term Assets | $52.80M | $50.50M |
| YoY Change | 4.55% | 13.74% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $53.90M | $56.30M |
| YoY Change | -4.27% | -2.42% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $6.500M | $6.535M |
| YoY Change | -0.54% | 16.7% |
| Total Long-Term Assets | $147.5M | $151.5M |
| YoY Change | -2.63% | -1.36% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $52.80M | $50.50M |
| Total Long-Term Assets | $147.5M | $151.5M |
| Total Assets | $200.3M | $202.0M |
| YoY Change | -0.84% | 2.02% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $2.100M | $1.600M |
| YoY Change | 31.25% | -11.11% |
| Accrued Expenses | $10.80M | $9.000M |
| YoY Change | 20.0% | 3.45% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $0.00 | $5.000M |
| YoY Change | -100.0% | 363.82% |
| Total Short-Term Liabilities | $14.60M | $17.30M |
| YoY Change | -15.61% | 29.01% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $36.10M | $41.10M |
| YoY Change | -12.17% | -17.8% |
| Other Long-Term Liabilities | $4.100M | $3.800M |
| YoY Change | 7.89% | 22.9% |
| Total Long-Term Liabilities | $40.20M | $44.90M |
| YoY Change | -10.47% | -15.43% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $14.60M | $17.30M |
| Total Long-Term Liabilities | $40.20M | $44.90M |
| Total Liabilities | $79.80M | $84.21M |
| YoY Change | -5.23% | -1.76% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $93.91M | |
| YoY Change | 4.93% | |
| Common Stock | $52.12M | |
| YoY Change | 1.61% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $28.25M | |
| YoY Change | -0.96% | |
| Treasury Stock Shares | ||
| Shareholders Equity | $120.5M | $117.8M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $200.3M | $202.0M |
| YoY Change | -0.84% | 2.02% |
Cashflow Statement
| Concept | 2015 Q2 | 2014 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $4.474M | $4.777M |
| YoY Change | -6.34% | -0.56% |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | $5.240M | $3.970M |
| YoY Change | 31.99% | 19.58% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$1.300M | -$1.450M |
| YoY Change | -10.34% | 12.4% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $180.0K | -$170.0K |
| YoY Change | -205.88% | 325.0% |
| Cash From Investing Activities | -$1.130M | -$1.630M |
| YoY Change | -30.67% | 22.56% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -1.250M | 240.0K |
| YoY Change | -620.83% | -103.01% |
| NET CHANGE | ||
| Cash From Operating Activities | 5.240M | 3.970M |
| Cash From Investing Activities | -1.130M | -1.630M |
| Cash From Financing Activities | -1.250M | 240.0K |
| Net Change In Cash | 2.860M | 2.580M |
| YoY Change | 10.85% | -143.07% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $5.240M | $3.970M |
| Capital Expenditures | -$1.300M | -$1.450M |
| Free Cash Flow | $6.540M | $5.420M |
| YoY Change | 20.66% | 17.57% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4273000 | USD | |
| us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5065000 | USD | |
| CY2014Q2 | us-gaap |
Interest Expense
InterestExpense
|
272000 | USD |
| CY2015Q2 | us-gaap |
Interest Expense
InterestExpense
|
244000 | USD |
| CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
8212000 | USD |
| CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7450000 | USD |
| CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5699000 | shares |
| CY2014Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
30000 | USD |
| CY2015Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
409000 | USD |
| CY2014Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5754000 | shares |
| CY2015Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5757000 | shares |
| CY2014Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.20 | |
| CY2015Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.20 | |
| CY2015Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.77 | |
| CY2014Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.82 | |
| CY2015Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.77 | |
| CY2014Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.83 | |
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
63254000 | USD | |
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
63419000 | USD | |
| us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
46446000 | USD | |
| us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
47076000 | USD | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
12535000 | USD | |
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
11264000 | USD | |
| CY2014Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2120000 | USD |
| CY2015Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2583000 | USD |
| CY2015Q2 | us-gaap |
Direct Operating Costs
DirectOperatingCosts
|
24311000 | USD |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
7216000 | USD | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
6605000 | USD | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5695000 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5711000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5755000 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
5759000 | shares | |
| us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.20 | ||
| us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.40 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.14 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.26 | ||
| CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5712000 | shares |
| CY2014Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3193000 | USD |
| CY2015Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
3141000 | USD |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3766000 | USD | |
| us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2079000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
243000 | USD | |
| us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1283000 | USD | |
| CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
25916000 | USD |
| CY2014Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
41000 | USD |
| CY2015Q2 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
68000 | USD |
| CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
4736000 | USD |
| us-gaap |
Interest Expense
InterestExpense
|
544000 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
11811000 | USD | |
| us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
12833000 | USD | |
| CY2015Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
4406000 | USD |
| CY2015Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
45000 | shares |
| CY2014Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
55000 | shares |
| us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
100000 | USD | |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
7154000 | USD | |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
6505000 | USD | |
| us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
48000 | shares | |
| us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
60000 | shares | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2914000 | USD | |
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2254000 | USD | |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
852000 | USD | |
| us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
602000 | USD | |
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
243000 | USD | |
| us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-122000 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
8288000 | USD | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
9471000 | USD | |
| CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
17628000 | USD |
| us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
62000 | USD | |
| us-gaap |
Interest Expense
InterestExpense
|
485000 | USD | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
45000 | USD | |
| us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
417000 | USD | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.13 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.24 | ||
| CY2015Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
|
45000 | USD |
| CY2015Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
425000 | USD |
| CY2015Q2 | sga |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Broadcast Licenses
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBroadcastLicenses
|
174000 | USD |
| CY2015Q2 | sga |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Intangibles Deferred Costs And Investments
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherIntangiblesDeferredCostsAndInvestments
|
3000 | USD |
| CY2015Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
647000 | USD |
| CY2015Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
73000 | USD |
| CY2015Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
720000 | USD |
| CY2015Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | USD |
| CY2014Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | USD |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3195000 | USD | |
| CY2015Q2 | us-gaap |
Assets
Assets
|
200299000 | USD |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3285000 | USD | |
| CY2014Q2 | us-gaap |
Assets
Assets
|
201988000 | USD |
| CY2014Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1640000 | USD |
| CY2014Q4 | us-gaap |
Assets
Assets
|
192044000 | USD |
| CY2015Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
200299000 | USD |
| CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
192044000 | USD |
| CY2015Q2 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
14000 | USD |
| CY2014Q2 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
0 | USD |
| us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
14000 | USD | |
| us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
0 | USD | |
| us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1161000 | USD | |
| us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
0 | USD | |
| CY2015Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
| us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><font style="FONT-SIZE: 10pt">2. Recent Accounting Pronouncements</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 18.7pt; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">In April 2015, the FASB issued Accounting Standards Update No. 2015-05, “<i>Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40), Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement</i>” (“ASU 2015-05”), with new guidance on whether a cloud computing arrangement includes a software license and the accounting for such an arrangement. If a cloud computing arrangement includes a software license, then the software license element of the arrangement should be accounted for consistently with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the agreement should be accounted for as a service contract. ASU 2015-05 is effective for fiscal years and interim periods beginning after December 15, 2015, with early adoption permitted. The Company is currently evaluating the impact of the provisions of this new standard on our consolidated financial statements.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">In April 2015, the FASB issued Accounting Standards Update No. 2015-03, “<i>Interest – Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs</i>” (“ASU 2015-03”), with new guidance on the presentation of debt issuance costs that requires all costs incurred to issue debt to be presented on the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. ASU 2015-03 is effective for fiscal years and interim periods beginning after December 15, 2015, with early adoption permitted. We currently present deferred financing costs within Other assets.  Accordingly, the adoption of the new guidance will result in the reclassification of debt issuance costs as an offset to Long term debt in the Company’s condensed consolidated balance sheets, which we do not expect to be material to our financial statements.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">In February 2015, the FASB issued Accounting Standards Update No. 2015-02, “<i>Consolidation (Topic 810), Amendments to the Consolidation Analysis</i>” (“ASU 2015-02”)<i>,</i> which amends the consolidation requirements in ASC 810, primarily related to limited partnerships and VIEs. ASU 2015-02 is effective for fiscal years beginning after December 15, 2016. The Company is currently evaluating the impact of the provisions of this new standard on our consolidated financial statements.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">In January 2015, the FASB issued Accounting Standards Update No. 2015-01, “<i>Income Statement-Extraordinary and Unusual Items</i>” (“ASU 2015-01”), which simplifies income statement presentation by eliminating the need to determine whether to classify an item as an extraordinary item. ASU 2015-01 is effective for the first interim period within annual reporting periods beginning after December 15, 2015 and is not expected to have a material impact on the Company’s consolidated financial statements.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">In August 2014, the FASB issued Accounting Standards Update No. 2014-15, “<i>Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern</i>” (“ASU 2014-15”), which requires management to evaluate, at each annual and interim reporting period, whether there are conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern and provide related disclosures. ASU 2014-15 is effective for the first interim period within annual reporting periods beginning after December 15, 2016 and is not expected to have a material impact on the Company’s consolidated financial statements.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 20.15pt; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">In May 2014, the FASB issued Accounting Standards Update No. 2014-09, <i>Revenue from Contracts with Customers</i> (“ASU 2014-09”), which provides guidance for the recognition, measurement and disclosure of revenue resulting from contracts with customers and will supersede virtually all of the current revenue recognition guidance under GAAP. ASU 2014-09 is effective for the first interim period within annual reporting periods beginning after December 15, 2016.  In July 2015, the FASB made a decision to defer the effective date of ASU 2014-09 for one year and permit early adoption as of the original effective date. The Company is currently evaluating the impact of the provisions of this standard on our consolidated financial statements.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | ||
| CY2015Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Less Noncontrolling Interest
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterest
|
1335000 | USD |
| CY2015Q3 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Less Noncontrolling Interest
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterest
|
9640000 | USD |
| CY2014Q1 | us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
720000 | USD |
| CY2014Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
35000 | USD |
| CY2014Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
30000 | USD |
| CY2014Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
44750 | USD |
| CY2014Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
100000 | USD |
| CY2014Q2 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
87500 | USD |
| CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
233334 | shares |
| CY2013Q4 | sga |
Percentage To Retain Annual Restricted Stock Awards
PercentageToRetainAnnualRestrictedStockAwards
|
0.5 | pure |
| sga |
Share Based Compensation Arrangement By Share Based Payment Award Options Granted Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedWeightedAverageRemainingContractualTerm
|
P10Y | ||
| sga |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercise Price Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisePriceDescription
|
may not be exercised at a price which is less than 100% of the fair market value of shares at the date of grant. | ||
| CY2015Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
36078000 | USD |
| CY2014Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
36078000 | USD |
| CY2015Q2 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
120000000 | USD |
| us-gaap |
Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
|
2018-05-31 | ||
| us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2017-05-01 | ||
| CY2015Q2 | us-gaap |
Secured Debt
SecuredDebt
|
1100000 | USD |
| sga |
Term Loan Maturity Period
TermLoanMaturityPeriod
|
P3Y | ||
| sga |
Proceeds From Insurance Claim
ProceedsFromInsuranceClaim
|
777000 | USD | |
| CY2015Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| CY2014Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
| sga |
Proceeds From Insurance Claim
ProceedsFromInsuranceClaim
|
0 | USD |
