2013 Q4 Form 10-Q Financial Statement

#000110465914001539 Filed on January 10, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4
Revenue $188.3M $175.4M
YoY Change 7.34%
Cost Of Revenue $75.36M $71.30M
YoY Change 5.69%
Gross Profit $112.9M $104.1M
YoY Change 8.48%
Gross Profit Margin 59.98% 59.35%
Selling, General & Admin $105.3M $84.00M
YoY Change 25.36%
% of Gross Profit 93.24% 80.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.569M $7.336M
YoY Change 3.18%
% of Gross Profit 6.7% 7.05%
Operating Expenses $113.7M $91.60M
YoY Change 24.13%
Operating Profit -$871.0K $10.29M
YoY Change -108.47%
Interest Expense -$5.800M -$5.100M
YoY Change 13.73%
% of Operating Profit -49.58%
Other Income/Expense, Net $869.0K $335.0K
YoY Change 159.4%
Pretax Income -$6.781M $5.151M
YoY Change -231.64%
Income Tax $2.705M -$1.711M
% Of Pretax Income -33.22%
Net Earnings -$9.486M $6.862M
YoY Change -238.24%
Net Earnings / Revenue -5.04% 3.91%
Basic Earnings Per Share
Diluted Earnings Per Share -$527.8K $2.379M
COMMON SHARES
Basic Shares Outstanding 18.04M shares
Diluted Shares Outstanding 18.04M shares

Balance Sheet

Concept 2013 Q4 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.80M $20.50M
YoY Change -47.32%
Cash & Equivalents
Short-Term Investments $600.0K
Other Short-Term Assets $23.20M $21.60M
YoY Change 7.41%
Inventory $105.1M $96.11M
Prepaid Expenses
Receivables $28.09M $24.38M
Other Receivables $1.900M $0.00
Total Short-Term Assets $169.8M $162.5M
YoY Change 4.49%
LONG-TERM ASSETS
Property, Plant & Equipment $150.1M $136.9M
YoY Change 9.67%
Goodwill $202.8M $202.8M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $841.0K $834.0K
YoY Change 0.84%
Total Long-Term Assets $605.1M $604.8M
YoY Change 0.06%
TOTAL ASSETS
Total Short-Term Assets $169.8M $162.5M
Total Long-Term Assets $605.1M $604.8M
Total Assets $775.0M $767.3M
YoY Change 1.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.37M $52.87M
YoY Change 8.51%
Accrued Expenses $57.21M $53.43M
YoY Change 7.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $8.975M $8.878M
YoY Change 1.09%
Total Short-Term Liabilities $140.7M $133.6M
YoY Change 5.33%
LONG-TERM LIABILITIES
Long-Term Debt $342.9M $293.7M
YoY Change 16.73%
Other Long-Term Liabilities $34.70M $22.20M
YoY Change 56.31%
Total Long-Term Liabilities $457.0M $404.3M
YoY Change 13.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $140.7M $133.6M
Total Long-Term Liabilities $457.0M $404.3M
Total Liabilities $597.7M $537.9M
YoY Change 11.11%
SHAREHOLDERS EQUITY
Retained Earnings -$676.6M -$225.9M
YoY Change 199.49%
Common Stock $479.0K $29.00K
YoY Change 1551.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $796.0K
YoY Change
Treasury Stock Shares 0.000 shares 14.39K shares
Shareholders Equity $177.3M $229.4M
YoY Change
Total Liabilities & Shareholders Equity $775.0M $767.3M
YoY Change 1.0%

Cashflow Statement

Concept 2013 Q4 2012 Q4
OPERATING ACTIVITIES
Net Income -$9.486M $6.862M
YoY Change -238.24%
Depreciation, Depletion And Amortization $7.569M $7.336M
YoY Change 3.18%
Cash From Operating Activities $1.300M $11.40M
YoY Change -88.6%
INVESTING ACTIVITIES
Capital Expenditures -$9.600M -$11.00M
YoY Change -12.73%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$9.500M -$11.00M
YoY Change -13.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.500M 6.200M
YoY Change 4.84%
NET CHANGE
Cash From Operating Activities 1.300M 11.40M
Cash From Investing Activities -9.500M -11.00M
Cash From Financing Activities 6.500M 6.200M
Net Change In Cash -1.700M 6.600M
YoY Change -125.76%
FREE CASH FLOW
Cash From Operating Activities $1.300M $11.40M
Capital Expenditures -$9.600M -$11.00M
Free Cash Flow $10.90M $22.40M
YoY Change -51.34%

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CY2013Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2622721 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.01
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
17.92
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
18.00
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
17.49
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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10200000 USD
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us-gaap Net Income Loss
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us-gaap Net Income Loss
NetIncomeLoss
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ComprehensiveIncomeNetOfTax
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CY2013Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2013Q4 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2012Q4 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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PreferredStockDividendsIncomeStatementImpact
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CY2013Q4 us-gaap Assets Current
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Deferred Income Tax Expense Benefit
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
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us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
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IncreaseDecreaseInOtherNoncurrentLiabilities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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ProceedsFromSaleOfPropertyPlantAndEquipment
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Cash
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CY2013Q1 us-gaap Cash
Cash
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CY2012Q4 us-gaap Cash
Cash
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CY2013Q4 us-gaap Share Based Compensation
ShareBasedCompensation
14641000 USD
CY2012Q4 us-gaap Share Based Compensation
ShareBasedCompensation
157000 USD
CY2013Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-23.08
CY2013Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
18036633 shares
CY2012Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
2928964 shares
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
237021000 USD
CY2012Q1 us-gaap Cash
Cash
51163000 USD
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
551145000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
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CY2013Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
319190 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
140527 shares
CY2013Q4 tcs Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance On Stock Based Compensation
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowanceOnStockBasedCompensation
5707000 USD
tcs Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance On Certain Foreign Subsidiaries
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowanceOnCertainForeignSubsidiaries
719000 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-3742000 USD
CY2013Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14641000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14854000 USD
CY2012Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
157000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
157000 USD
CY2013Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
0 USD
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
295813000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
237021000 USD
tcs Adjustments To Additional Paid In Capital Tax Effect Of Initial Public Offering Costs
AdjustmentsToAdditionalPaidInCapitalTaxEffectOfInitialPublicOfferingCosts
70000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
53000 USD
tcs Adjustments To Additional Paid In Capital Fractional Shares Payout
AdjustmentsToAdditionalPaidInCapitalFractionalSharesPayout
1000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
14854000 USD
tcs Number Of Weeks In Fiscal Quarter
NumberOfWeeksInFiscalQuarter
P91D
CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
43485000 USD
tcs Number Of Five Week Months
NumberOfFiveWeekMonths
1 month
tcs Number Of Four Week Months
NumberOfFourWeekMonths
2 month
CY2013Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5782000 USD
CY2012Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5131000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-16856000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-16021000 USD
CY2013Q4 us-gaap Number Of Stores
NumberOfStores
63 store
CY2013Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
19000
CY2013Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
22 state
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
65112000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1906017 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
17.88
tcs Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance On Stock Based Compensation
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowanceOnStockBasedCompensation
5707000 USD
CY2013Q4 tcs Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance On Certain Foreign Subsidiaries
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowanceOnCertainForeignSubsidiaries
719000 USD

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