2018 Q2 Form 10-Q Financial Statement

#000076889918000012 Filed on April 30, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $554.4M $568.2M
YoY Change -2.44% -15.52%
Cost Of Revenue $411.1M $428.8M
YoY Change -4.13% -14.7%
Gross Profit $143.3M $139.4M
YoY Change 2.75% -17.95%
Gross Profit Margin 25.84% 24.54%
Selling, General & Admin $125.8M $121.8M
YoY Change 3.22% -10.27%
% of Gross Profit 87.78% 87.39%
Research & Development $1.715M $0.00
YoY Change
% of Gross Profit 1.2% 0.0%
Depreciation & Amortization $10.10M $11.20M
YoY Change -9.82% -4.27%
% of Gross Profit 7.05% 8.03%
Operating Expenses $127.5M $121.8M
YoY Change 4.62% -10.27%
Operating Profit $7.415M $6.411M
YoY Change 15.66% -108.34%
Interest Expense $890.0K $1.232M
YoY Change -27.76% -29.2%
% of Operating Profit 12.0% 19.22%
Other Income/Expense, Net $2.204M $74.00K
YoY Change 2878.38% -108.34%
Pretax Income $9.619M $6.485M
YoY Change 48.33% -108.34%
Income Tax $864.0K $1.811M
% Of Pretax Income 8.98% 27.93%
Net Earnings $8.755M $4.674M
YoY Change 87.31% -107.33%
Net Earnings / Revenue 1.58% 0.82%
Basic Earnings Per Share $0.22 $0.11
Diluted Earnings Per Share $0.22 $0.11
COMMON SHARES
Basic Shares Outstanding 40.44M shares 41.64M shares
Diluted Shares Outstanding 40.69M shares 41.94M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.60M $26.10M
YoY Change 1.92% 19.72%
Cash & Equivalents $26.64M $26.08M
Short-Term Investments
Other Short-Term Assets $22.40M $20.00M
YoY Change 12.0% -0.5%
Inventory
Prepaid Expenses
Receivables $322.4M $302.1M
Other Receivables $7.400M $9.300M
Total Short-Term Assets $378.8M $357.5M
YoY Change 5.97% -13.28%
LONG-TERM ASSETS
Property, Plant & Equipment $57.14M $64.12M
YoY Change -10.88% 6.31%
Goodwill $224.1M $226.0M
YoY Change -0.82% 0.32%
Intangibles $99.37M $120.6M
YoY Change -17.58% -15.26%
Long-Term Investments
YoY Change
Other Assets $49.33M $48.53M
YoY Change 1.65% -5.69%
Total Long-Term Assets $675.1M $693.3M
YoY Change -2.62% 1.13%
TOTAL ASSETS
Total Short-Term Assets $378.8M $357.5M
Total Long-Term Assets $675.1M $693.3M
Total Assets $1.054B $1.051B
YoY Change 0.3% -4.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $51.30M $51.40M
YoY Change -0.19% -28.71%
Accrued Expenses $66.90M $63.70M
YoY Change 5.02% -16.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $75.70M $24.56M
YoY Change 208.27% -62.91%
Total Short-Term Liabilities $197.8M $238.7M
YoY Change -17.15% 0.86%
LONG-TERM LIABILITIES
Long-Term Debt $69.62M $55.14M
YoY Change 26.26% -62.76%
Other Long-Term Liabilities $6.131M $23.29M
YoY Change -73.67% 19.6%
Total Long-Term Liabilities $75.75M $78.43M
YoY Change -3.41% -53.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $197.8M $238.7M
Total Long-Term Liabilities $75.75M $78.43M
Total Liabilities $490.0M $517.0M
YoY Change -5.22% -15.54%
SHAREHOLDERS EQUITY
Retained Earnings $573.6M $542.7M
YoY Change 5.71% 9.1%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $563.9M $533.8M
YoY Change
Total Liabilities & Shareholders Equity $1.054B $1.051B
YoY Change 0.3% -4.28%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $8.755M $4.674M
YoY Change 87.31% -107.33%
Depreciation, Depletion And Amortization $10.10M $11.20M
YoY Change -9.82% -4.27%
Cash From Operating Activities $44.84M $54.12M
YoY Change -17.15% 127.39%
INVESTING ACTIVITIES
Capital Expenditures $1.911M $6.167M
YoY Change -69.01% -182.23%
Acquisitions
YoY Change
Other Investing Activities $11.60M -$10.60M
YoY Change -209.43% 404.76%
Cash From Investing Activities $9.707M -$16.72M
YoY Change -158.06% 72.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$48.56M -$59.84M
YoY Change -18.86% 286.08%
NET CHANGE
Cash From Operating Activities $44.84M $54.12M
Cash From Investing Activities $9.707M -$16.72M
Cash From Financing Activities -$48.56M -$59.84M
Net Change In Cash $5.223M -$22.78M
YoY Change -122.92% 1527.36%
FREE CASH FLOW
Cash From Operating Activities $44.84M $54.12M
Capital Expenditures $1.911M $6.167M
Free Cash Flow $42.92M $47.95M
YoY Change -10.48% 53.2%

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CY2018Q2 us-gaap Liabilities And Stockholders Equity
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CY2018Q2 us-gaap Preferred Stock Shares Authorized
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0 shares
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
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0 shares
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
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0 USD
CY2018Q2 us-gaap Preferred Stock Value
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22424000 USD
CY2017Q2 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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0 USD
CY2018Q2 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
8500000 USD
CY2017Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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491000 USD
CY2018Q2 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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395000 USD
CY2017Q2 us-gaap Proceeds From Repayments Of Lines Of Credit
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CY2018Q2 us-gaap Proceeds From Repayments Of Lines Of Credit
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CY2017Q2 us-gaap Proceeds From Sale Of Restricted Investments
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CY2017Q2 us-gaap Provision For Doubtful Accounts
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CY2018Q2 us-gaap Provision For Doubtful Accounts
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2209000 USD
CY2017Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
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CY2018Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
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567000 USD
CY2017Q4 us-gaap Restricted Cash And Investments Noncurrent
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CY2018Q2 us-gaap Restricted Cash And Investments Noncurrent
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CY2017Q2 us-gaap Sales Revenue Services Net
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CY2017Q2 us-gaap Selling General And Administrative Expense
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CY2018Q2 us-gaap Selling General And Administrative Expense
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CY2017Q2 us-gaap Share Based Compensation
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CY2018Q2 us-gaap Share Based Compensation
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CY2017Q4 us-gaap Stockholders Equity
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CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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300000 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
251000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41937000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40694000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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40443000 shares
CY2017Q4 us-gaap Workers Compensation Discount Amount
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19277000 USD
CY2018Q2 us-gaap Workers Compensation Discount Amount
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CY2017Q4 us-gaap Workers Compensation Liability Current
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CY2018Q2 us-gaap Workers Compensation Liability Current
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CY2017Q4 us-gaap Workers Compensation Liability Current And Noncurrent
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CY2018Q2 us-gaap Workers Compensation Liability Current And Noncurrent
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288942000 USD
CY2017Q4 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
197105000 USD
CY2018Q2 us-gaap Workers Compensation Liability Noncurrent
WorkersCompensationLiabilityNoncurrent
194052000 USD

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