2015 Q3 Form 10-K Financial Statement

#000119312516738725 Filed on October 14, 2016

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2015 Q1
Revenue $119.7M $106.2M $148.3M
YoY Change -27.33% -38.69% -23.56%
Cost Of Revenue $109.6M $97.22M $131.7M
YoY Change -27.03% -38.3% -23.17%
Gross Profit $10.04M $9.012M $16.59M
YoY Change -30.52% -42.6% -26.51%
Gross Profit Margin 8.39% 8.48% 11.19%
Selling, General & Admin $15.10M $14.44M $14.64M
YoY Change -12.21% -15.56% -25.2%
% of Gross Profit 150.38% 160.22% 88.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.040M $2.030M $2.190M
YoY Change -37.23% -47.95% -35.21%
% of Gross Profit 20.32% 22.53% 13.2%
Operating Expenses $18.62M $16.56M $15.95M
YoY Change 0.02% -20.51% -25.28%
Operating Profit -$8.580M -$7.552M $646.0K
YoY Change 105.9% 46.98% -47.69%
Interest Expense $5.200M $2.613M $2.619M
YoY Change -326.09% 27.53% 1216.08%
% of Operating Profit 405.42%
Other Income/Expense, Net $3.474M -$3.860M -$1.853M
YoY Change -256.06% 6.04% -418.93%
Pretax Income -$5.100M -$11.41M -$1.207M
YoY Change -20.31% 30.01% -166.46%
Income Tax -$117.0K $694.0K $549.0K
% Of Pretax Income
Net Earnings -$4.989M -$12.11M -$1.556M
YoY Change -41.2% 27.73% -246.24%
Net Earnings / Revenue -4.17% -11.4% -1.05%
Basic Earnings Per Share -$0.23 -$0.03
Diluted Earnings Per Share -$96.15K -$0.23 -$0.03
COMMON SHARES
Basic Shares Outstanding 52.27M shares 51.75M shares 51.65M shares
Diluted Shares Outstanding 51.75M shares 51.65M shares

Balance Sheet

Concept 2015 Q3 2015 Q2 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $198.1M $226.3M $194.5M
YoY Change -3.97% 32.65% 158.3%
Cash & Equivalents $119.4M $151.4M $122.9M
Short-Term Investments $78.70M $74.80M $71.60M
Other Short-Term Assets $35.50M $25.20M $21.40M
YoY Change 248.04% 115.38% 98.15%
Inventory $48.74M $65.75M $66.89M
Prepaid Expenses
Receivables $131.2M $121.7M $133.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $413.6M $438.9M $415.8M
YoY Change 1.94% 14.4% 38.42%
LONG-TERM ASSETS
Property, Plant & Equipment $22.74M $23.76M $22.57M
YoY Change -9.51% -12.01% -21.93%
Goodwill $3.058M $3.058M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $0.00 $2.300M $7.200M
YoY Change -100.0% -67.14% -11.11%
Other Assets $10.12M $7.600M $8.245M
YoY Change 2.73% 3.3% 53.0%
Total Long-Term Assets $32.86M $36.70M $41.19M
YoY Change -28.38% -19.09% -11.67%
TOTAL ASSETS
Total Short-Term Assets $413.6M $438.9M $415.8M
Total Long-Term Assets $32.86M $36.70M $41.19M
Total Assets $446.5M $475.6M $457.0M
YoY Change -1.14% 10.86% 31.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $120.1M $162.0M $132.2M
YoY Change 14.35% 62.04% 17.79%
Accrued Expenses $38.97M $37.61M $40.47M
YoY Change -1.45% -5.22% 6.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $211.4M $238.8M $210.2M
YoY Change 6.42% 42.42% 18.41%
LONG-TERM LIABILITIES
Long-Term Debt $77.90M $76.70M $75.60M
YoY Change 6.13% 6.09%
Other Long-Term Liabilities $12.68M $8.022M $8.090M
YoY Change 58.47% -19.38% -12.47%
Total Long-Term Liabilities $90.55M $84.72M $83.65M
YoY Change 11.19% 2.68% 779.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $211.4M $238.8M $210.2M
Total Long-Term Liabilities $90.55M $84.72M $83.65M
Total Liabilities $301.9M $323.5M $293.8M
YoY Change 7.81% 29.31% 57.12%
SHAREHOLDERS EQUITY
Retained Earnings -$7.312B -$7.307B -$7.295B
YoY Change 0.25% 0.3% 0.27%
Common Stock $522.0K $522.0K $522.0K
YoY Change 0.19% 0.58% -99.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $144.6M $152.0M $163.2M
YoY Change
Total Liabilities & Shareholders Equity $446.5M $475.6M $457.0M
YoY Change -1.14% 10.86% 31.69%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2015 Q1
OPERATING ACTIVITIES
Net Income -$4.989M -$12.11M -$1.556M
YoY Change -41.2% 27.73% -246.24%
Depreciation, Depletion And Amortization $2.040M $2.030M $2.190M
YoY Change -37.23% -47.95% -35.21%
Cash From Operating Activities -$32.13M $31.83M $43.11M
YoY Change -399.44% -3801.16% 328.53%
INVESTING ACTIVITIES
Capital Expenditures -$1.630M -$3.070M -$1.950M
YoY Change 20.74% 110.27% 174.65%
Acquisitions
YoY Change
Other Investing Activities $2.330M -$110.0K $210.0K
YoY Change -508.77% -35.29% -151.22%
Cash From Investing Activities $700.0K -$3.180M -$1.740M
YoY Change -136.65% 93.9% 55.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -40.00K -21.31M
YoY Change -100.0% -100.04% -11938.89%
NET CHANGE
Cash From Operating Activities -32.13M 31.83M 43.11M
Cash From Investing Activities 700.0K -3.180M -1.740M
Cash From Financing Activities 0.000 -40.00K -21.31M
Net Change In Cash -31.43M 28.61M 20.06M
YoY Change -333.51% -69.71% 119.96%
FREE CASH FLOW
Cash From Operating Activities -$32.13M $31.83M $43.11M
Capital Expenditures -$1.630M -$3.070M -$1.950M
Free Cash Flow -$30.50M $34.90M $45.06M
YoY Change -352.48% 5716.67% 318.38%

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<div> <table style="BORDER-COLLAPSE:COLLAPSE" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="4%" valign="top" align="left"><font style="font-family:Times New Roman" size="2"><b>(1)</b></font></td> <td align="left" valign="top"><font style="font-family:Times New Roman" size="2"><b>NATURE OF OPERATIONS</b></font></td> </tr> </table> <p style="margin-top:6px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">ModusLink Global Solutions, Inc. (together with its consolidated subsidiaries, &#x201C;ModusLink Global Solutions&#x201D; or the &#x201C;Company&#x201D;), through its wholly owned subsidiaries, ModusLink Corporation (&#x201C;ModusLink&#x201D;) and ModusLink PTS, Inc. (&#x201C;ModusLink PTS&#x201D;), is a leader in global supply chain business process management serving clients in markets such as consumer electronics, communications, computing, medical devices, software, and retail. The Company designs and executes critical elements in its clients&#x2019; global supply chains to improve speed to market, product customization, flexibility, cost, quality and service. These benefits are delivered through a combination of industry expertise, innovative service solutions, integrated operations, proven business processes, expansive global footprint and world-class technology.</font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:4%"> <font style="font-family:Times New Roman" size="2">The Company has an integrated network of strategically located facilities in various countries, including numerous sites throughout North America, Europe and Asia. The Company previously operated under the names CMGI, Inc. and CMG Information Services, Inc. and was incorporated in Delaware in 1986.</font></p> </div>
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%; MARGIN-TOP: 18px"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Major Clients and Concentration of Credit Risk</i></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">For the fiscal year ended July&#xA0;31, 2016, 2015 and 2014, the Company&#x2019;s 10 largest clients accounted for approximately 71%, 76% and 80% of consolidated net revenue, respectively. Sales to GoPro, Inc. (&#x201C;GoPro&#x201D;) accounted for approximately 13%, 19%, and 11% of the Company&#x2019;s consolidated net revenue for the fiscal years ended July&#xA0;31, 2016, 2015 and 2014, respectively. Sales to Philips International B.V. and Philips Consumer Lifestyle B.V. (together &#x201C;Philips&#x201D;) accounted for approximately 13%, 10%, and 8% of the Company&#x2019;s consolidated net revenue for the fiscal years ended July&#xA0;31, 2016, 2015 and 2014, respectively. GoPro accounted for approximately 6% and 15% of the Company&#x2019;s Net Accounts Receivable balance as of July&#xA0;31, 2016 and 2015, respectively. Philips accounted for approximately 10% and 5% of the Company&#x2019;s Net Accounts Receivable balance as of July&#xA0;31, 2016 and 2015, respectively. All four reportable segment report revenues associated with GoPro. The Europe reportable segment reports revenue associated with Philips. To manage risk, the Company performs ongoing credit evaluations of its clients&#x2019; financial condition. The Company generally does not require collateral on accounts receivable. The Company maintains an allowance for doubtful accounts based on its assessment of the collectability of accounts receivable.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">Financial instruments which potentially subject the Company to concentrations of credit risk are cash, cash equivalents and accounts receivable. The Company&#x2019;s cash equivalent portfolio is diversified and consists primarily of short-term investment grade securities placed with high credit quality financial institutions. Cash and cash equivalents are maintained at accredited financial institutions, and those and the balances associated with Funds Held for Clients are at times without and in excess of federally insured limits. The Company has never experienced any losses related to these balances and does not believe that it is subject to unusual credit risk beyond the normal credit risk associated with financial institutions.</font></p> </div>
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<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%; MARGIN-TOP: 18px"> <font style="FONT-FAMILY: Times New Roman" size="2"><i>Use of Estimates</i></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 6px; TEXT-INDENT: 4%"> <font style="FONT-FAMILY: Times New Roman" size="2">The preparation of the Company&#x2019;s consolidated financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates including those related to revenue recognition, allowance for doubtful accounts, inventories, fair value of its trading and available-for-sale securities, intangible assets, income taxes, restructuring, valuation of long-lived assets, impairments, contingencies, restructuring charges, litigation, pension obligations and the fair value of stock options and share bonus awards granted under the Company&#x2019;s stock based compensation plans. Accounting estimates are based on historical experience and various assumptions that are considered reasonable under the circumstances. However, because these estimates inherently involve judgments and uncertainties, actual results could differ materially from those estimated.</font></p> </div>
CY2016 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
200000 shares
CY2016 us-gaap Debt Instrument Convertible Remaining Discount Amortization Period1
DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1
P41M
CY2016 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0241 pure
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.18
CY2016 dei Entity Registrant Name
EntityRegistrantName
MODUSLINK GLOBAL SOLUTIONS INC
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-600000
CY2016 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.18
CY2016 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 Segment
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
3.60
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5580 pure
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
3.68
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
245000 shares
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P3Y6M22D
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
290000 shares
CY2016 us-gaap Sales Revenue Net
SalesRevenueNet
459023000
CY2016 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-35000
CY2016 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
228000
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RepaymentsOfNotesPayable
20257000
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7936000
CY2016 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
127000
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TradingSecuritiesRealizedGainLoss
-5920000
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DefinedBenefitPlanActuarialGainLoss
-5351000
CY2016 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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-64000
CY2016 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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3134000
CY2016 us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
1220000
CY2016 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
48000
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OperatingIncomeLoss
-40572000
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NetIncomeLoss
-61281000
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InterestPaid
6111000
CY2016 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
13589000
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-7752000
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IncreaseDecreaseInAccountsReceivable
-19130000
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IncomeLossFromContinuingOperations
-61281000
CY2016 us-gaap Defined Benefit Plan Contributions By Plan Participants
DefinedBenefitPlanContributionsByPlanParticipants
120000
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-62772000
CY2016 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1126000
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
19000
CY2016 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
42000
CY2016 us-gaap Payments For Restructuring
PaymentsForRestructuring
5885000
CY2016 us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-5757000
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1539000
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
668000
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3287000
CY2016 us-gaap Gross Profit
GrossProfit
24758000
CY2016 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0
CY2016 us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
55000
CY2016 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
844000
CY2016 us-gaap Defined Benefit Plan Other Changes
DefinedBenefitPlanOtherChanges
156000
CY2016 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
491000
CY2016 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
419000
CY2016 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-222000
CY2016 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4519000
CY2016 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
756000
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OtherComprehensiveIncomeLossNetOfTax
-1491000
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-16055000
CY2016 us-gaap Loss Contingency Damages Paid Value
LossContingencyDamagesPaidValue
1600000
CY2016 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-10763000
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
789000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
13234000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-56627000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-69861000
CY2016 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-593000
CY2016 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
600000
CY2016 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
26000
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1126000
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2353000
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0
CY2016 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
637000
CY2016 us-gaap Depreciation
Depreciation
8119000
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-528000
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5443000
CY2016 us-gaap Interest Expense
InterestExpense
10924000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
52236000
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
51000
CY2016 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1318000
CY2016 us-gaap Proceeds From Sale Of Trading Securities Heldforinvestment
ProceedsFromSaleOfTradingSecuritiesHeldforinvestment
59327000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
1126000
CY2016 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
27000
CY2016 us-gaap Asset Impairment Charges
AssetImpairmentCharges
305000
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3090000
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3090000
CY2016 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
5556000
CY2016 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
539000
CY2016 us-gaap Defined Benefit Plan Curtailments
DefinedBenefitPlanCurtailments
941000
CY2016 us-gaap Proceeds From Payments For Trading Securities
ProceedsFromPaymentsForTradingSecurities
59300000
CY2016 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
140000
CY2016 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
57604000
CY2016 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
156000
CY2016 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
262000
CY2016 us-gaap Interest Expense Debt
InterestExpenseDebt
4967000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-20561000
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
17300000
CY2016 us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
789000
CY2016 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
458000
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000
CY2016 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
136000
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
2754000
CY2016 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
733000
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
11359000
CY2016 us-gaap Cost Of Revenue
CostOfRevenue
434265000
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
2353000
CY2016 us-gaap Defined Benefit Plan Amount To Be Amortized From Accumulated Other Comprehensive Income Loss Next Fiscal Year
DefinedBenefitPlanAmountToBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossNextFiscalYear
6000000
CY2016 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
269000
CY2016 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Plan Assets
DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets
232000
CY2016 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
632000
CY2016 us-gaap Defined Benefit Plan Settlements Benefit Obligation
DefinedBenefitPlanSettlementsBenefitObligation
55000
CY2016 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
700000
CY2016 us-gaap Impairment Of Investments
ImpairmentOfInvestments
42000
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1082000
CY2016 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
2660000
CY2016 us-gaap Operating Expenses
OperatingExpenses
65330000
CY2016 us-gaap Restructuring Charges
RestructuringCharges
7561000
CY2016 us-gaap Restructuring Costs
RestructuringCosts
7561000
CY2016 mlnk Investment Maturity Period Below Which Investment Is Considered Cash Equivalent
InvestmentMaturityPeriodBelowWhichInvestmentIsConsideredCashEquivalent
P3M
CY2016 mlnk Stock Issued During Period Value Stock Options Exercised And Stock Purchase Plans
StockIssuedDuringPeriodValueStockOptionsExercisedAndStockPurchasePlans
51000
CY2016 mlnk Ownership Change Testing Period
OwnershipChangeTestingPeriod
P3Y
CY2016 mlnk Deferred Income Tax Expense Benefit Change In Valuation Allowance
DeferredIncomeTaxExpenseBenefitChangeInValuationAllowance
10300000
CY2016 mlnk Number Of Major Customers
NumberOfMajorCustomers
10 Customer
CY2016 mlnk Income Loss From Equity Method Investments And Impairment Of Investments
IncomeLossFromEquityMethodInvestmentsAndImpairmentOfInvestments
747000
CY2016 mlnk Expected Income Tax Expense Benefit
ExpectedIncomeTaxExpenseBenefit
-19368000
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RestructuringChargesNet
7421000
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IncomeTaxReconciliationNetWithholdingTaxes
762000
CY2016 mlnk Defined Benefit Plan Benefit Obligation Contributions By Plan Participants
DefinedBenefitPlanBenefitObligationContributionsByPlanParticipants
120000
CY2016 mlnk Ownership Percentage
OwnershipPercentage
0.05 pure
CY2016 mlnk Restructuring Charges Related To Workforce Reduction And Other Expenses
RestructuringChargesRelatedToWorkforceReductionAndOtherExpenses
5900000
CY2016 mlnk Common Stock Equity Distribution Agreement Description
CommonStockEquityDistributionAgreementDescription
The Company is required to keep the resale registration statement effective for three years following the date it is declared effective. Steel Partners also has the right, until such time as it owns less than one-third of the common stock originally issued to it under the investment agreement, to require that the Company file a prospectus supplement or amendment to cover sales of common stock through a firm commitment underwritten public offering.
CY2016 mlnk Income Tax Reconciliation Decrease To Asc Seven Forty Reserve
IncomeTaxReconciliationDecreaseToAscSevenFortyReserve
2768000
CY2016 mlnk Increase Decrease In Accounts Payable Accrued Restructuring And Accrued Expenses
IncreaseDecreaseInAccountsPayableAccruedRestructuringAndAccruedExpenses
-4245000
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.38
CY2016 mlnk Amount Of Account Receivable Factoring Without Recourse
AmountOfAccountReceivableFactoringWithoutRecourse
900000
CY2016 mlnk Tax Income Loss Not Benefited Utilized
TaxIncomeLossNotBenefitedUtilized
22907000
CY2016 mlnk Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableRate
0.25 pure
CY2016 mlnk Amortization Of Pension Plan Gain Or Losses Excess Of Benefit Obligation Or Market Value Percentage
AmortizationOfPensionPlanGainOrLossesExcessOfBenefitObligationOrMarketValuePercentage
0.10 pure
CY2016 mlnk Income Tax Expense Benefit Gross
IncomeTaxExpenseBenefitGross
5443000
CY2016 mlnk Trading Securities Sold
TradingSecuritiesSold
57200000
CY2016 mlnk Income Tax Reconciliation Foreign Dividends
IncomeTaxReconciliationForeignDividends
4730000
CY2016 mlnk Restructuring Charges Related To Asset Write Offs And Closed Facilities
RestructuringChargesRelatedToAssetWriteOffsAndClosedFacilities
1500000
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.23
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
106234000
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-7552000
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NetIncomeLoss
-12106000
CY2015Q2 us-gaap Gross Profit
GrossProfit
9012000
CY2015Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3860000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
694000
CY2015Q2 us-gaap Cost Of Revenue
CostOfRevenue
97222000
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
16564000
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.25
CY2016Q2 us-gaap Sales Revenue Net
SalesRevenueNet
96460000
CY2016Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-12497000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-12849000
CY2016Q2 us-gaap Gross Profit
GrossProfit
2174000
CY2016Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-260000
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
316000
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
408000
CY2016Q2 us-gaap Cost Of Revenue
CostOfRevenue
94286000
CY2016Q2 us-gaap Operating Expenses
OperatingExpenses
14671000
CY2014Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
CY2014Q4 us-gaap Sales Revenue Net
SalesRevenueNet
187444000
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
1147000
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-117000
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IncomeTaxExpenseBenefit
1157000
CY2015Q3 us-gaap Cost Of Revenue
CostOfRevenue
109644000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
222000
CY2014Q4 us-gaap Gross Profit
GrossProfit
18838000
CY2014Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
224000
CY2014Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8000
CY2014Q4 us-gaap Cost Of Revenue
CostOfRevenue
168606000
CY2014Q4 us-gaap Operating Expenses
OperatingExpenses
17691000
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
148310000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
646000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-1556000
CY2015Q1 us-gaap Gross Profit
GrossProfit
16594000
CY2015Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1853000
CY2015Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
200000
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
549000
CY2015Q1 us-gaap Cost Of Revenue
CostOfRevenue
131716000
CY2015Q1 us-gaap Operating Expenses
OperatingExpenses
15948000
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.29
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SalesRevenueNet
141089000
CY2015Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1569000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
-14773000
CY2015Q4 us-gaap Gross Profit
GrossProfit
12452000
CY2015Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-12354000
CY2015Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
850000
CY2015Q4 us-gaap Cost Of Revenue
CostOfRevenue
128637000
CY2015Q4 us-gaap Operating Expenses
OperatingExpenses
14021000
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.27
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
119966000
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-11663000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-13948000
CY2016Q1 us-gaap Gross Profit
GrossProfit
3655000
CY2016Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2338000
CY2016Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
259000
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
206000
CY2016Q1 us-gaap Cost Of Revenue
CostOfRevenue
116311000
CY2016Q1 us-gaap Operating Expenses
OperatingExpenses
15318000
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
119685000
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-8580000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-4989000
CY2015Q3 us-gaap Gross Profit
GrossProfit
10041000
CY2015Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3474000
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
18621000
CY2016Q3 us-gaap Sales Revenue Net
SalesRevenueNet
101508000
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-14843000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-19711000
CY2016Q3 us-gaap Gross Profit
GrossProfit
6477000
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1103000
CY2016Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
214000
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3979000
CY2016Q3 us-gaap Cost Of Revenue
CostOfRevenue
95031000
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
21320000

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