2020 Q4 Form 10-Q Financial Statement
#000114036120024064 Filed on October 29, 2020
Income Statement
Concept | 2020 Q4 | 2020 Q3 | 2019 Q3 |
---|---|---|---|
Revenue | $282.7M | $343.6M | $307.7M |
YoY Change | 17.2% | 11.66% | 3.74% |
Cost Of Revenue | $188.6M | $235.9M | $215.6M |
YoY Change | 12.0% | 9.4% | 3.02% |
Gross Profit | $94.15M | $107.7M | $92.09M |
YoY Change | 29.25% | 17.01% | 5.48% |
Gross Profit Margin | 33.3% | 31.36% | 29.93% |
Selling, General & Admin | $61.00M | $59.50M | $59.95M |
YoY Change | 12.55% | -0.75% | -0.32% |
% of Gross Profit | 64.79% | 55.22% | 65.1% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $7.000M | $6.400M | $6.600M |
YoY Change | 7.69% | -3.03% | 10.0% |
% of Gross Profit | 7.43% | 5.94% | 7.17% |
Operating Expenses | $61.00M | $59.40M | $59.95M |
YoY Change | 12.55% | -0.91% | -0.32% |
Operating Profit | $33.15M | $47.96M | $31.30M |
YoY Change | 77.83% | 53.22% | 15.18% |
Interest Expense | -$200.0K | -$500.0K | $1.508M |
YoY Change | -80.0% | -133.16% | 20.26% |
% of Operating Profit | -0.6% | -1.04% | 4.82% |
Other Income/Expense, Net | $200.0K | $500.0K | $225.0K |
YoY Change | -33.33% | 122.22% | -35.9% |
Pretax Income | $30.60M | $48.00M | $30.02M |
YoY Change | 82.14% | 59.89% | 14.26% |
Income Tax | $7.800M | $11.80M | $7.367M |
% Of Pretax Income | 25.49% | 24.58% | 24.54% |
Net Earnings | $9.174M | $28.63M | $14.75M |
YoY Change | -20.35% | 94.05% | -6.34% |
Net Earnings / Revenue | 3.24% | 8.33% | 4.79% |
Basic Earnings Per Share | $0.41 | $1.28 | $0.66 |
Diluted Earnings Per Share | $0.40 | $1.26 | $0.65 |
COMMON SHARES | |||
Basic Shares Outstanding | 22.45M | 22.35M | 22.33M |
Diluted Shares Outstanding | 22.76M | 22.75M |
Balance Sheet
Concept | 2020 Q4 | 2020 Q3 | 2019 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $19.50M | $16.80M | $13.30M |
YoY Change | 87.5% | 26.32% | -51.28% |
Cash & Equivalents | $19.49M | $16.80M | $13.26M |
Short-Term Investments | |||
Other Short-Term Assets | $15.90M | $10.10M | $14.30M |
YoY Change | 1.92% | -29.37% | 22.22% |
Inventory | $365.1M | $331.4M | $360.6M |
Prepaid Expenses | |||
Receivables | $198.0M | $238.0M | $169.0M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $598.5M | $596.3M | $557.1M |
YoY Change | 8.94% | 7.04% | 2.78% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $89.11M | $119.4M | $88.84M |
YoY Change | -0.61% | 34.41% | -3.34% |
Goodwill | $77.84M | $77.66M | |
YoY Change | 0.04% | ||
Intangibles | $54.00M | $66.86M | |
YoY Change | -16.74% | ||
Long-Term Investments | $40.51M | $38.90M | $39.00M |
YoY Change | 4.24% | -0.26% | 15.38% |
Other Assets | $21.82M | $60.40M | $18.08M |
YoY Change | 15.86% | 234.05% | -64.69% |
Total Long-Term Assets | $358.0M | $354.7M | $363.6M |
YoY Change | 1.01% | -2.45% | 23.51% |
TOTAL ASSETS | |||
Total Short-Term Assets | $598.5M | $596.3M | $557.1M |
Total Long-Term Assets | $358.0M | $354.7M | $363.6M |
Total Assets | $956.5M | $951.0M | $920.7M |
YoY Change | 5.83% | 3.29% | 10.08% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $100.0M | $79.30M | $71.14M |
YoY Change | 8.09% | 11.47% | -15.31% |
Accrued Expenses | $154.1M | $177.9M | $146.7M |
YoY Change | 27.25% | 21.27% | 2.52% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $10.00M | $8.400M | $78.20M |
YoY Change | -80.95% | -89.26% | 73.78% |
Long-Term Debt Due | $10.14M | $12.00M | $5.200M |
YoY Change | -82.19% | 130.69% | -13.33% |
Total Short-Term Liabilities | $302.6M | $303.8M | $329.7M |
YoY Change | -2.22% | -7.84% | 6.69% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $97.00K | $103.0K | $132.0K |
YoY Change | -24.81% | -21.97% | |
Other Long-Term Liabilities | $103.6M | $102.2M | $96.80M |
YoY Change | 4.75% | 5.58% | 81.27% |
Total Long-Term Liabilities | $97.00K | $103.0K | $132.0K |
YoY Change | -24.81% | -21.97% | -99.75% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $302.6M | $303.8M | $329.7M |
Total Long-Term Liabilities | $97.00K | $103.0K | $132.0K |
Total Liabilities | $406.3M | $406.1M | $426.6M |
YoY Change | -0.54% | -4.81% | 17.76% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $463.6M | $411.1M | |
YoY Change | 11.06% | ||
Common Stock | $153.0M | $153.9M | |
YoY Change | 1.55% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $60.66M | $59.71M | |
YoY Change | 9.82% | ||
Treasury Stock Shares | $1.587M | $1.597M | |
Shareholders Equity | $550.2M | $544.9M | $494.1M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $956.5M | $951.0M | $920.7M |
YoY Change | 4.8% | 3.29% | 10.08% |
Cashflow Statement
Concept | 2020 Q4 | 2020 Q3 | 2019 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $9.174M | $28.63M | $14.75M |
YoY Change | -20.35% | 94.05% | -6.34% |
Depreciation, Depletion And Amortization | $7.000M | $6.400M | $6.600M |
YoY Change | 7.69% | -3.03% | 10.0% |
Cash From Operating Activities | $19.30M | $79.50M | $62.60M |
YoY Change | -42.9% | 27.0% | -1.26% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$4.600M | -$4.200M | -$4.700M |
YoY Change | 17.95% | -10.64% | 9.3% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | -$5.000M |
YoY Change | -100.0% | 316.67% | |
Cash From Investing Activities | -$4.600M | -$4.200M | -$9.800M |
YoY Change | 21.05% | -57.14% | 78.18% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -12.40M | -80.90M | -57.00M |
YoY Change | -62.42% | 41.93% | 14.46% |
NET CHANGE | |||
Cash From Operating Activities | 19.30M | 79.50M | 62.60M |
Cash From Investing Activities | -4.600M | -4.200M | -9.800M |
Cash From Financing Activities | -12.40M | -80.90M | -57.00M |
Net Change In Cash | 2.300M | -5.600M | -4.200M |
YoY Change | -176.67% | 33.33% | -151.85% |
FREE CASH FLOW | |||
Cash From Operating Activities | $19.30M | $79.50M | $62.60M |
Capital Expenditures | -$4.600M | -$4.200M | -$4.700M |
Free Cash Flow | $23.90M | $83.70M | $67.30M |
YoY Change | -36.6% | 24.37% | -0.59% |
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|
129000 | |
CY2020Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
12099000 | |
CY2019Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
57045000 | |
CY2020Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
700000 | |
CY2019Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
900000 | |
CY2020Q3 | smp |
Amortization Of Financing Costs Remainder Of Fiscal Year
AmortizationOfFinancingCostsRemainderOfFiscalYear
|
100000 | |
CY2020Q3 | smp |
Amortization Of Financing Costs Year Two
AmortizationOfFinancingCostsYearTwo
|
200000 | |
CY2020Q3 | smp |
Amortization Of Financing Costs Year Three
AmortizationOfFinancingCostsYearThree
|
200000 | |
CY2020Q3 | smp |
Amortization Of Financing Costs Year Four
AmortizationOfFinancingCostsYearFour
|
200000 | |
smp |
Number Of Types Of Restricted Stock
NumberOfTypesOfRestrictedStock
|
2 | ||
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | ||
CY2020Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
343609000 | |
CY2019Q3 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
307723000 | |
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
845850000 | ||
us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
896661000 | ||
CY2020Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
47964000 | |
CY2019Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
31304000 | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
78308000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
76989000 | ||
CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
343609000 | |
CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
343609000 | |
CY2020Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
343609000 | |
CY2019Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
307723000 | |
CY2019Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
307723000 | |
CY2019Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
307723000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
845850000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
845850000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
845850000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
896661000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
896661000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
896661000 | ||
CY2020Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
28600000 | |
CY2019Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
20600000 | |
CY2020Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
26497000 | |
CY2019Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
22086000 | |
CY2019Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
22445000 | |
CY2018Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
19636000 | |
CY2020Q3 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
26954000 | |
CY2019Q3 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
26112000 | |
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
71816000 | ||
us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
76791000 | ||
CY2020Q3 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
24837000 | |
CY2019Q3 | us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
27573000 | |
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
65647000 | ||
us-gaap |
Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
|
75802000 | ||
CY2020Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
28614000 | |
CY2019Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
20625000 | |
CY2020Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
28614000 | |
CY2019Q3 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
20625000 |