2016 Q2 Form 10-K Financial Statement

#000120677416006245 Filed on June 20, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2016 Q1 2016
Revenue $33.15M $32.86M $59.20M
YoY Change 11.73% 1.6% -52.11%
Cost Of Revenue $24.90M $24.32M $93.05M
YoY Change 10.14% 2.01% 63.7%
Gross Profit $8.250M $8.542M $29.12M
YoY Change 16.82% 0.52% 0.11%
Gross Profit Margin 24.89% 26.0% 49.19%
Selling, General & Admin $6.710M $6.320M $22.82M
YoY Change 11.18% 17.47% 2.23%
% of Gross Profit 81.33% 73.99% 78.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.550M $1.240M $3.950M
YoY Change 84.52% 51.22% 27.83%
% of Gross Profit 18.79% 14.52% 13.57%
Operating Expenses $6.710M $6.320M $22.82M
YoY Change 11.18% 17.25% 2.23%
Operating Profit $1.540M $2.222M $6.302M
YoY Change 49.95% -28.51% -6.89%
Interest Expense -$140.0K -$100.0K -$300.0K
YoY Change 40.0% 25.0% 0.0%
% of Operating Profit -9.09% -4.5% -4.76%
Other Income/Expense, Net -$30.00K -$295.0K
YoY Change -68.42% -14.49%
Pretax Income $1.270M $2.120M $5.760M
YoY Change 36.27% -30.26% -5.81%
Income Tax $360.0K $540.0K $1.883M
% Of Pretax Income 28.35% 25.47% 32.69%
Net Earnings $910.0K $1.577M $4.124M
YoY Change 51.41% -17.39% 2.43%
Net Earnings / Revenue 2.75% 4.8% 6.97%
Basic Earnings Per Share $0.13 $0.22 $0.60
Diluted Earnings Per Share $0.13 $0.22 $0.58
COMMON SHARES
Basic Shares Outstanding 6.983M shares 6.906M shares 6.887M shares
Diluted Shares Outstanding 7.121M shares

Balance Sheet

Concept 2016 Q2 2016 Q1 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $800.0K $600.0K $600.0K
YoY Change 700.0% 500.0% 500.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $1.300M $1.100M $1.100M
YoY Change -40.91% -50.0% -50.0%
Inventory $7.600M $6.520M $6.500M
Prepaid Expenses
Receivables $17.20M $17.08M $17.10M
Other Receivables $1.000M $881.0K $900.0K
Total Short-Term Assets $27.80M $26.22M $26.20M
YoY Change 15.45% -3.4% -3.32%
LONG-TERM ASSETS
Property, Plant & Equipment $14.00M $12.31M $12.30M
YoY Change 40.66% 31.03% 30.85%
Goodwill $29.11M
YoY Change 39.14%
Intangibles $8.211M
YoY Change 131.04%
Long-Term Investments
YoY Change
Other Assets $1.100M $853.0K $900.0K
YoY Change -4.43% -24.71% -18.18%
Total Long-Term Assets $57.40M $50.49M $50.50M
YoY Change 56.81% 44.23% 44.29%
TOTAL ASSETS
Total Short-Term Assets $27.80M $26.22M $26.20M
Total Long-Term Assets $57.40M $50.49M $50.50M
Total Assets $85.20M $76.71M $76.70M
YoY Change 40.4% 23.42% 23.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.300M $8.141M $8.100M
YoY Change 11.74% 5.8% 5.19%
Accrued Expenses $7.400M $7.700M $7.700M
YoY Change 117.65% 83.33% 83.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.400M
YoY Change
Total Short-Term Liabilities $16.20M $15.83M $15.80M
YoY Change 56.1% 32.65% 32.77%
LONG-TERM LIABILITIES
Long-Term Debt $25.90M $19.07M $19.10M
YoY Change 125.79% 56.75% 56.56%
Other Long-Term Liabilities $1.900M $1.823M $1.800M
YoY Change -9.65% -10.9% -10.0%
Total Long-Term Liabilities $27.80M $20.90M $20.90M
YoY Change 104.8% 47.01% 47.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.20M $15.83M $15.80M
Total Long-Term Liabilities $27.80M $20.90M $20.90M
Total Liabilities $45.20M $37.80M $37.80M
YoY Change 77.58% 35.81% 35.97%
SHAREHOLDERS EQUITY
Retained Earnings $22.81M
YoY Change 21.65%
Common Stock $16.46M
YoY Change 4.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $40.10M $38.91M $38.90M
YoY Change
Total Liabilities & Shareholders Equity $85.20M $76.71M $76.70M
YoY Change 40.4% 23.42% 23.51%

Cashflow Statement

Concept 2016 Q2 2016 Q1 2016
OPERATING ACTIVITIES
Net Income $910.0K $1.577M $4.124M
YoY Change 51.41% -17.39% 2.43%
Depreciation, Depletion And Amortization $1.550M $1.240M $3.950M
YoY Change 84.52% 51.22% 27.83%
Cash From Operating Activities -$140.0K $3.580M $10.98M
YoY Change -105.3% 11.18% 147.35%
INVESTING ACTIVITIES
Capital Expenditures -$970.0K -$370.0K $4.101M
YoY Change -189.07% -53.16% 17.17%
Acquisitions
YoY Change
Other Investing Activities -$6.920M -$10.94M -$13.86M
YoY Change 888.57% 1754.24% 91.7%
Cash From Investing Activities -$7.890M -$11.31M -$17.96M
YoY Change 340.78% 713.67% 67.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.350M 8.630M 7.230M
YoY Change -1365.15% -434.5% 44.98%
NET CHANGE
Cash From Operating Activities -140.0K 3.580M 10.98M
Cash From Investing Activities -7.890M -11.31M -17.96M
Cash From Financing Activities 8.350M 8.630M 7.230M
Net Change In Cash 320.0K 900.0K 250.0K
YoY Change 68.42% -220.0% -119.2%
FREE CASH FLOW
Cash From Operating Activities -$140.0K $3.580M $10.98M
Capital Expenditures -$970.0K -$370.0K $4.101M
Free Cash Flow $830.0K $3.950M $6.879M
YoY Change -46.49% -1.5% 632.59%

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CY2015 us-gaap Payments For Repurchase Of Other Equity
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USD
CY2014Q1 us-gaap Stockholders Equity
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30083000 USD
CY2015 us-gaap Stock Issued During Period Value New Issues
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466000 USD
CY2015 us-gaap Stock Repurchased During Period Value
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71000 USD
CY2015 us-gaap Stock Issued During Period Value Share Based Compensation
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507000 USD
CY2015 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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17000 USD
CY2016 us-gaap Stockholders Equity Other
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61000 USD
CY2016 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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5000 USD
CY2016 us-gaap Use Of Estimates
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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Use of Estimates</font></p> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> &#160;</font></p> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The preparation of </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transcat's</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States (&#147;GAAP&#148;) requires that the Company make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.&#160; Significant estimates and assumptions are used for, but not limited to, allowance for doubtful accounts and returns, inventory reserves, estimated levels of achievement for performance-based restricted stock units, fair value of stock options, depreciable lives of fixed assets, estimated lives of major catalogs and intangible assets, and the valuation of assets acquired and liabilities assumed in business acquisitions.&#160; Future events and their effects cannot be predicted with certainty; accordingly, accounting estimates require the exercise of judgment.&#160; The accounting estimates used in the preparation of the Consolidated Financial Statements will change as new events occur, as more experience is acquired, as additional information is obtained, and as the operating environment changes.&#160; Actual results could differ from those estimates.&#160; Such changes and refinements in estimation methodologies are reflected in reported results of operations in the period in which the changes are made and, if material, their effects are disclosed in the Notes to the Consolidated Financial Statements.</font></p> <p style="margin: 0pt; font-family: 'times new roman';"><br/></p> </div>
CY2016 us-gaap Fiscal Period
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CY2016 us-gaap Revenue Recognition Rebates
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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Vendor Rebates</font></p> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> &#160;</font></p> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vendor rebates are generally based on specified cumulative level of purchases and/or incremental distribution sales and are recorded as a reduction of cost of distribution sales.</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> Purchase rebates are calculated and recorded quarterly based upon the volume of purchases with specific vendors during the quarter.&#160; Point of sale rebate programs that are based on year-over-year sales performance on a calendar year basis are recorded as earned, on a quarterly basis, based upon the expected level of annual achievement.&#160; Point of sale rebate programs that are based on year-over-year sales performance on a quarterly basis are recorded as earned in the respective quarter.&#160; </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company recorded vendor rebates of </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">$<font>0.9</font> million and $</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font>0.3</font></font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> million in fiscal years 201</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> and 201</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, respectively. </font></p> <p style="margin: 0pt; font-family: 'times new roman';"><br/></p> </div>
CY2014Q1 us-gaap Goodwill
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17384000 USD
CY2015 us-gaap Goodwill Acquired During Period
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4392000 USD
CY2015 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-853000 USD
CY2014Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2651000 USD
CY2016 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
8421000 USD
CY2016 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-232000 USD
CY2016 us-gaap Prior Period Reclassification Adjustment Description
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<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Reclassification of Amounts</font></p> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"> &#160;</font></p> <p style="margin: 0pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Certain reclassifications of financial information for prior fiscal years have been made to conform to the presentation for the current fiscal year.</font></p> </div>
CY2015 us-gaap Finitelived Intangible Assets Acquired1
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2293000 USD
CY2015 us-gaap Amortization Of Intangible Assets
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992000 USD
CY2015 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-398000 USD
CY2016 us-gaap Finitelived Intangible Assets Acquired1
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6126000 USD
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-100000 USD
CY2016 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-137000 USD
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.297 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.004 pure
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.000 pure
CY2016 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
234000 shares
CY2015 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
261000 shares
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10000 shares
CY2015 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10000 shares
CY2016Q1 us-gaap Inventory Valuation Reserves
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500000 USD
CY2015Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
400000 USD
CY2016 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2016 us-gaap Amortization Of Intangible Assets
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1334000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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2000000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1600000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1300000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1000000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
800000 USD
CY2016Q1 us-gaap Investments
Investments
700000 USD
CY2015Q1 us-gaap Investments
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900000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
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400000 USD
CY2015 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
500000 USD
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.41
CY2016 trns Vendor Rebates
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900000 USD
CY2015 trns Vendor Rebates
VendorRebates
300000 USD
CY2016 us-gaap Cooperative Advertising Amount
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2000000 USD
CY2015 us-gaap Cooperative Advertising Amount
CooperativeAdvertisingAmount
2200000 USD
CY2016 us-gaap Advertising Expense
AdvertisingExpense
1200000 USD
CY2015 us-gaap Advertising Expense
AdvertisingExpense
1600000 USD
CY2016 us-gaap Freight Costs
FreightCosts
1800000 USD
CY2016 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
900000 USD
CY2015 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2015 us-gaap Freight Costs
FreightCosts
1800000 USD
CY2015 us-gaap Shipping Handling And Transportation Costs
ShippingHandlingAndTransportationCosts
900000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
100000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
100000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
400000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
900000 USD
CY2016Q1 us-gaap Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
5700000 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-300000 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
100000 USD
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-100000 USD
CY2015Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditAfterTax
-100000 USD
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
100000 USD
CY2016 trns Dilutive Securities Effect Per Share On Earnings
DilutiveSecuritiesEffectPerShareOnEarnings
0.02
CY2015 trns Dilutive Securities Effect Per Share On Earnings
DilutiveSecuritiesEffectPerShareOnEarnings
0.02
CY2016Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
36182000 USD
CY2015Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
31287000 USD
CY2016Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
23869000 USD
CY2015Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
21890000 USD
CY2016 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2300000 USD
CY2015 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1700000 USD
CY2015 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
107000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1743000 USD
CY2015 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1618000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
266000 USD
CY2015 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
776000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
5760000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
6115000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
247000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
308000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1367000 USD
CY2015 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1200000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
202000 USD
CY2015 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
311000 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
174000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
85000 USD
CY2015 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
64000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-211000 USD
CY2015 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-61000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2042000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2184000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
226000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
220000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
479000 USD
CY2016Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3999000 USD
CY2015Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3378000 USD
CY2016Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
1071000 USD
CY2015Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
636000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
0 USD
CY2016 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
94000 USD
CY2015 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-7000 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
399000 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
384000 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
335000 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Other
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther
395000 USD
CY2016Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
163000 USD
CY2015Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
143000 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
273000 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
362000 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits
387000 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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385000 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
808000 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
810000 USD
CY2016Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Other
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117000 USD
CY2015Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Other
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112000 USD
CY2016Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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133000 USD
CY2015Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
USD
CY2016Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
313000 USD
CY2015Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
151000 USD
CY2016Q1 us-gaap Deferred Tax Assets Gross
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2928000 USD
CY2015Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2742000 USD
CY2016Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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1865000 USD
CY2015Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
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1754000 USD
CY2016Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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2127000 USD
CY2015Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1544000 USD
CY2016Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
7000 USD
CY2015Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
80000 USD
CY2015 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
39000 USD
CY2014Q1 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
882000 USD
CY2016 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
600000 USD
CY2015 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
500000 USD
CY2016 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
70000 USD
CY2015 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
56000 USD
CY2016 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-4000 USD
CY2015 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-117000 USD
CY2016Q1 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
1006000 USD
CY2015Q1 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
1001000 USD
CY2016Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-1006000 USD
CY2016Q1 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
1006000 USD
CY2016 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
34000 USD
CY2015 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
19000 USD
CY2016 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
37000 USD
CY2015Q1 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-1001000 USD
CY2015Q1 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
1001000 USD
CY2016 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
58000 USD
CY2015 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
58000 USD
CY2016 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
129000 USD
CY2015 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
116000 USD
CY2016 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
58000 USD
CY2015 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
58000 USD
CY2016 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
8000 USD
CY2015 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-133000 USD
CY2016 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-66000 USD
CY2015 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
75000 USD
CY2016 us-gaap Amount Recognized In Net Periodic Benefit Cost And Other Comprehensive Income Loss Before Tax
AmountRecognizedInNetPeriodicBenefitCostAndOtherComprehensiveIncomeLossBeforeTax
63000 USD
CY2015 us-gaap Amount Recognized In Net Periodic Benefit Cost And Other Comprehensive Income Loss Before Tax
AmountRecognizedInNetPeriodicBenefitCostAndOtherComprehensiveIncomeLossBeforeTax
191000 USD
CY2016Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
162000 USD
CY2015Q1 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
229000 USD
CY2016Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.039 pure
CY2015Q1 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.038 pure
CY2016 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.060 pure
CY2015 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate
DefinedBenefitPlanUltimateHealthCareCostTrendRate
0.050 pure
CY2016Q1 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2022
CY2015Q1 us-gaap Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearThatRateReachesUltimateTrendRate
2023
CY2016Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
75000 USD
CY2016Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
63000 USD
CY2016Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
57000 USD
CY2016Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
60000 USD
CY2016Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
69000 USD
CY2016Q1 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
682000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
609000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.58
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
10000 shares
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
9.66
CY2015 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
58000 shares
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.66
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Other Increases Decreases In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOtherIncreasesDecreasesInPeriod
-16000 shares
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Other Share Increase Decrease In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOtherShareIncreaseDecreaseInPeriodWeightedAverageExercisePrice
5.68
CY2016Q1 us-gaap Noncurrent Assets
NoncurrentAssets
12313000 USD
CY2015Q1 us-gaap Noncurrent Assets
NoncurrentAssets
9397000 USD
CY2016 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2400000 USD
CY2015 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
2000000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2100000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1900000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1700000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
800000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
500000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
500000 USD
CY2016Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
7500000 USD
CY2015Q2 us-gaap Sales Revenue Net
SalesRevenueNet
29670000 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
7062000 USD
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
32860000 USD
CY2016Q1 us-gaap Gross Profit
GrossProfit
8542000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
1577000 USD
CY2015Q4 us-gaap Sales Revenue Net
SalesRevenueNet
30160000 USD
CY2015Q4 us-gaap Gross Profit
GrossProfit
6788000 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
1682000 USD
CY2015Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2015Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
29476000 USD
CY2015Q3 us-gaap Gross Profit
GrossProfit
6737000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
878000 USD
CY2015Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
601000 USD
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
32342000 USD
CY2015Q1 us-gaap Gross Profit
GrossProfit
8498000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
1909000 USD
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2014Q4 us-gaap Sales Revenue Net
SalesRevenueNet
31052000 USD
CY2014Q4 us-gaap Gross Profit
GrossProfit
6994000 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
813000 USD
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
31111000 USD
CY2014Q3 us-gaap Gross Profit
GrossProfit
6926000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
859000 USD
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
29119000 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
6669000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
445000 USD
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2016 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015Q3 dei Entity Public Float
EntityPublicFloat
61000000 USD
CY2016Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
17080000 USD
CY2016Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
USD
CY2015Q1 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
USD
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.313 pure
CY2015 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.373 pure
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2016 trns Income Tax Reconciliation Research Credits Related To Prior Periods
IncomeTaxReconciliationResearchCreditsRelatedToPriorPeriods
300000 USD
CY2015 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2015Q1 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
100000 USD

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