2018 Q2 Form 10-Q Financial Statement

#000162828019007508 Filed on June 03, 2019

View on sec.gov

Income Statement

Concept 2018 Q2
Revenue $123.6M
YoY Change 2.22%
Cost Of Revenue $88.66M
YoY Change 0.7%
Gross Profit $34.98M
YoY Change 6.3%
Gross Profit Margin 28.29%
Selling, General & Admin $33.65M
YoY Change 1.24%
% of Gross Profit 96.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.820M
YoY Change -0.17%
% of Gross Profit 16.64%
Operating Expenses $33.65M
YoY Change 1.24%
Operating Profit $1.331M
YoY Change -504.56%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $383.0K
YoY Change 60.92%
Pretax Income $1.714M
YoY Change -1983.52%
Income Tax $491.0K
% Of Pretax Income 28.65%
Net Earnings $1.223M
YoY Change -859.63%
Net Earnings / Revenue 0.99%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $0.04
COMMON SHARES
Basic Shares Outstanding 29.08M shares
Diluted Shares Outstanding 29.44M shares

Balance Sheet

Concept 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $104.8M
YoY Change 8.86%
Cash & Equivalents $41.19M
Short-Term Investments $63.65M
Other Short-Term Assets $9.300M
YoY Change 9.41%
Inventory $56.84M
Prepaid Expenses
Receivables $5.000M
Other Receivables $0.00
Total Short-Term Assets $176.0M
YoY Change 0.98%
LONG-TERM ASSETS
Property, Plant & Equipment $80.54M
YoY Change -8.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.277M
YoY Change -47.2%
Total Long-Term Assets $83.82M
YoY Change -10.86%
TOTAL ASSETS
Total Short-Term Assets $176.0M
Total Long-Term Assets $83.82M
Total Assets $259.9M
YoY Change -3.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.50M
YoY Change -14.61%
Accrued Expenses $23.71M
YoY Change 10.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $62.78M
YoY Change -2.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $2.476M
YoY Change -92.8%
Total Long-Term Liabilities $2.476M
YoY Change -92.8%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.78M
Total Long-Term Liabilities $2.476M
Total Liabilities $96.11M
YoY Change -2.81%
SHAREHOLDERS EQUITY
Retained Earnings $19.07M
YoY Change -37.69%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $163.8M
YoY Change
Total Liabilities & Shareholders Equity $259.9M
YoY Change -3.17%

Cashflow Statement

Concept 2018 Q2
OPERATING ACTIVITIES
Net Income $1.223M
YoY Change -859.63%
Depreciation, Depletion And Amortization $5.820M
YoY Change -0.17%
Cash From Operating Activities $670.0K
YoY Change -113.29%
INVESTING ACTIVITIES
Capital Expenditures $2.946M
YoY Change -1.24%
Acquisitions
YoY Change
Other Investing Activities $19.35M
YoY Change 779.55%
Cash From Investing Activities $16.40M
YoY Change -2202.56%
FINANCING ACTIVITIES
Cash Dividend Paid $29.07M
YoY Change 44.76%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -29.08M
YoY Change 42.83%
NET CHANGE
Cash From Operating Activities 670.0K
Cash From Investing Activities 16.40M
Cash From Financing Activities -29.08M
Net Change In Cash -12.01M
YoY Change -54.13%
FREE CASH FLOW
Cash From Operating Activities $670.0K
Capital Expenditures $2.946M
Free Cash Flow -$2.276M
YoY Change -71.63%

Facts In Submission

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OperatingLeaseWeightedAverageRemainingLeaseTerm
P5Y4M24D
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99000 USD
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2176000 USD
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97000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
324067000 USD
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63893000 USD
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OperatingLeasesFutureMinimumPaymentsDueInFiveYears
35111000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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44171000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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53815000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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60132000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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66945000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
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3277000 USD
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0.001
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2019Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2019Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
85000 USD
CY2018Q2 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
21052000 USD
CY2019Q2 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
34572000 USD
CY2018Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2946000 USD
CY2019Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3059000 USD
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2019Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
CY2019Q1 us-gaap Receivables Net Current
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6082000 USD
CY2019Q1 us-gaap Property Plant And Equipment Net
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73842000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
70608000 USD
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6288000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
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19068000 USD
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q1 us-gaap Retained Earnings Accumulated Deficit
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13335000 USD
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2019Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q2 us-gaap Preferred Stock Value
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0 USD
CY2019Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
14012000 USD
CY2019Q2 us-gaap Preferred Stock Value
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0 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
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9266000 USD
CY2019Q1 us-gaap Prepaid Expense And Other Assets Current
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11171000 USD
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
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5294000 USD
CY2018Q2 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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CY2019Q2 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2018Q2 us-gaap Proceeds From Stock Options Exercised
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CY2019Q2 us-gaap Proceeds From Stock Options Exercised
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1094704 shares
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5.50
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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5658000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.532
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.026
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.024
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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9.92
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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51750 shares
CY2018Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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0 USD
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2018Q2 us-gaap Sales Revenue Net
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CY2019Q2 us-gaap Sales Revenue Net
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130303000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
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33646000 USD
CY2019Q2 us-gaap Selling General And Administrative Expense
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35538000 USD
CY2018Q2 us-gaap Share Based Compensation
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580000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
433500 shares
CY2019Q2 us-gaap Share Based Compensation
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529000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P4Y
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.516
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.35
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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1736250 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2099625 shares
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.47
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.87
CY2019Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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8.18
CY2019Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
10.03
CY2019Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.41
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3407000 USD
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y9M20D
CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y3M18D
CY2018Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
9000 shares
CY2018Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
28000 shares
CY2018Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
11000 shares
CY2019Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
18375 shares
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
85000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
151000 USD
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
160425000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
163758000 USD
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
163327000 USD
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
164530000 USD
CY2019Q2 us-gaap Variable Lease Cost
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7129000 USD
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
358000 shares
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
339000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29438000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29808000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29080000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29469000 shares
CY2019Q2 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our fiscal year ends on the Saturday closest to January&#160;31. References to fiscal 2019 refer to the fiscal year ending February 1, 2020. References to the fiscal quarters ended </font><font style="font-family:inherit;font-size:10pt;">May&#160;4, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">May&#160;5, 2018</font><font style="font-family:inherit;font-size:10pt;"> refer to the </font><font style="font-family:inherit;font-size:10pt;">first quarter ended</font><font style="font-family:inherit;font-size:10pt;"> as of those dates.</font></div></div>

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