2014 Q3 Form 10-Q Financial Statement

#000110465914071173 Filed on October 10, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q1 2013 Q3
Revenue $193.2M $216.8M $183.8M
YoY Change 5.15% -0.08% 9.03%
Cost Of Revenue $79.58M $90.60M $76.38M
YoY Change 4.19% 2.14% 9.74%
Gross Profit $113.7M $126.2M $107.4M
YoY Change 5.84% -1.6% 8.51%
Gross Profit Margin 58.82% 58.22% 58.44%
Selling, General & Admin $90.53M $97.60M $85.84M
YoY Change 5.47% 2.52% 5.19%
% of Gross Profit 79.65% 77.31% 79.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.567M $7.800M $7.580M
YoY Change -0.17% 0.0% 5.28%
% of Gross Profit 6.66% 6.18% 7.06%
Operating Expenses $90.53M $105.4M $85.84M
YoY Change 5.47% 2.23% -3.55%
Operating Profit $12.81M $20.63M $11.43M
YoY Change 12.12% -18.13% 30.05%
Interest Expense $4.383M -$4.300M $5.519M
YoY Change -20.58% -20.37% -208.22%
% of Operating Profit 34.2% -20.84% 48.29%
Other Income/Expense, Net $282.0K $407.0K
YoY Change -30.71%
Pretax Income $8.431M $16.30M $5.910M
YoY Change 42.66% 579.17% 97.0%
Income Tax $1.476M -$2.000M $1.803M
% Of Pretax Income 17.51% -12.27% 30.51%
Net Earnings $6.955M $18.34M $4.107M
YoY Change 69.35% 773.33% 22.23%
Net Earnings / Revenue 3.6% 8.46% 2.23%
Basic Earnings Per Share $0.14 -$6.06
Diluted Earnings Per Share $0.14 $382.0K -$6.06
COMMON SHARES
Basic Shares Outstanding 47.98M shares 47.93M shares 2.929M shares
Diluted Shares Outstanding 48.54M shares 48.89M shares 2.929M shares

Balance Sheet

Concept 2014 Q3 2014 Q1 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.30M $18.00M $13.00M
YoY Change 17.69% -32.08% -14.47%
Cash & Equivalents
Short-Term Investments $0.00 $200.0K
Other Short-Term Assets $9.798M $10.32M $10.58M
YoY Change -7.42% 12.85% -46.82%
Inventory $95.71M $85.60M $91.17M
Prepaid Expenses $9.675M $14.12M $10.25M
Receivables $27.73M $32.27M $25.01M
Other Receivables $2.300M $2.120M $2.300M
Total Short-Term Assets $164.4M $164.4M $153.2M
YoY Change 7.37% 4.57% 8.08%
LONG-TERM ASSETS
Property, Plant & Equipment $170.6M $161.4M $146.4M
YoY Change 16.53% 14.35% 10.14%
Goodwill $202.8M $202.8M $202.8M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.064M $1.184M $855.0K
YoY Change 24.44% 28.56% -91.7%
Total Long-Term Assets $622.1M $618.7M $602.3M
YoY Change 3.29% 3.89% 0.12%
TOTAL ASSETS
Total Short-Term Assets $164.4M $164.4M $153.2M
Total Long-Term Assets $622.1M $618.7M $602.3M
Total Assets $786.6M $783.1M $755.5M
YoY Change 4.12% 4.03% 1.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.60M $49.28M $51.47M
YoY Change -9.45% 1.95% 6.77%
Accrued Expenses $56.55M $60.50M $51.89M
YoY Change 8.97% 16.78% 16.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.985M $7.527M $9.869M
YoY Change -39.36% -16.58% -69.91%
Total Short-Term Liabilities $127.7M $136.8M $135.1M
YoY Change -5.43% 9.21% 7.54%
LONG-TERM LIABILITIES
Long-Term Debt $343.3M $327.7M $361.1M
YoY Change -4.94% 18.59% 28.55%
Other Long-Term Liabilities $36.50M $37.70M $31.50M
YoY Change 15.87% 60.43% 43.84%
Total Long-Term Liabilities $463.3M $449.1M $480.8M
YoY Change -3.65% 13.95% 58.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $127.7M $136.8M $135.1M
Total Long-Term Liabilities $463.3M $449.1M $480.8M
Total Liabilities $591.0M $586.0M $615.9M
YoY Change -4.04% 12.81% 18.37%
SHAREHOLDERS EQUITY
Retained Earnings -$654.9M -$658.3M -$314.5M
YoY Change 108.22% 194.09%
Common Stock $480.0K $479.0K $29.00K
YoY Change 1555.17% 1551.72%
Preferred Stock
YoY Change
Treasury Stock (at cost) $840.0K
YoY Change
Treasury Stock Shares 0.000 shares 0.000 shares 14.16K shares
Shareholders Equity $195.6M $197.2M $139.6M
YoY Change
Total Liabilities & Shareholders Equity $786.6M $783.1M $755.5M
YoY Change 4.12% 4.03% 1.64%

Cashflow Statement

Concept 2014 Q3 2014 Q1 2013 Q3
OPERATING ACTIVITIES
Net Income $6.955M $18.34M $4.107M
YoY Change 69.35% 773.33% 22.23%
Depreciation, Depletion And Amortization $7.567M $7.800M $7.580M
YoY Change -0.17% 0.0% 5.28%
Cash From Operating Activities $19.00M $40.00M $16.60M
YoY Change 14.46% 4.99% 167.74%
INVESTING ACTIVITIES
Capital Expenditures -$17.50M -$15.80M -$13.50M
YoY Change 29.63% 37.39% -9.4%
Acquisitions
YoY Change
Other Investing Activities $0.00 $300.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$17.50M -$15.50M -$13.60M
YoY Change 28.68% 35.96% -6.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.500M -17.30M -4.100M
YoY Change -234.15% -18.01% -213.89%
NET CHANGE
Cash From Operating Activities 19.00M 40.00M 16.60M
Cash From Investing Activities -17.50M -15.50M -13.60M
Cash From Financing Activities 5.500M -17.30M -4.100M
Net Change In Cash 7.000M 7.200M -1.100M
YoY Change -736.36% 28.57% -77.08%
FREE CASH FLOW
Cash From Operating Activities $19.00M $40.00M $16.60M
Capital Expenditures -$17.50M -$15.80M -$13.50M
Free Cash Flow $36.50M $55.80M $30.10M
YoY Change 21.26% 12.5% 42.65%

Facts In Submission

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59000 USD
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223000 USD
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170000 USD
us-gaap Share Based Compensation
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tcs Noncash Refinancing Expense
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CY2013Q1 us-gaap Cash
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10000 USD
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CY2014Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
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us-gaap Share Based Compensation
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546000 USD
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CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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48611985 shares
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2929468 shares
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388000 USD
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630000 USD
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83000 USD
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486000 USD
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0.14
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EarningsPerShareBasic
0.07
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0.14
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CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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47976500 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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2929165 shares
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1314000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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1460000 USD
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1800000 USD
CY2014Q3 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-333000 USD

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