$VOXX
VOXX International Corp

2016 Q4 Form 10-Q Financial Statement

#000080770717000002 Filed on January 09, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q1 2015 Q4
Revenue $157.4M $169.7M $192.5M
YoY Change -18.23% -0.13% -13.81%
Cost Of Revenue $113.8M $24.50M $136.7M
YoY Change -16.76% -79.65% -11.49%
Gross Profit $43.65M $46.82M $55.84M
YoY Change -21.84% -5.32% -19.02%
Gross Profit Margin 27.73% 27.59% 29.01%
Selling, General & Admin $31.18M $8.100M $42.00M
YoY Change -25.76% -79.49% -2.8%
% of Gross Profit 71.44% 17.3% 75.21%
Research & Development $2.786M $6.412M
YoY Change -56.55% 30.46%
% of Gross Profit 6.38% 11.48%
Depreciation & Amortization $3.048M $4.400M $4.302M
YoY Change -29.15% 29.41% 2.7%
% of Gross Profit 6.98% 9.4% 7.7%
Operating Expenses $38.42M $4.800M $52.26M
YoY Change -26.49% -90.22% -0.1%
Operating Profit $5.232M $42.02M $3.584M
YoY Change 45.98% 11704.49% -78.47%
Interest Expense $22.00K -$1.700M $38.00K
YoY Change -42.11% 30.77% -73.61%
% of Operating Profit 0.42% -4.05% 1.06%
Other Income/Expense, Net $121.0K -$200.0K $636.0K
YoY Change -80.97% 100.0% 347.89%
Pretax Income $5.383M -$14.90M $9.054M
YoY Change -40.55% 30.7% -44.13%
Income Tax $3.756M -$3.100M $2.968M
% Of Pretax Income 69.78% 32.78%
Net Earnings $5.800M -$5.351M $7.777M
YoY Change -25.42% -62.77% -50.22%
Net Earnings / Revenue 3.68% -3.15% 4.04%
Basic Earnings Per Share $0.24 -$0.22 $0.32
Diluted Earnings Per Share $0.24 -$0.22 $0.32
COMMON SHARES
Basic Shares Outstanding 24.16M shares 24.16M shares 24.18M shares
Diluted Shares Outstanding 24.29M shares 24.22M shares

Balance Sheet

Concept 2016 Q4 2016 Q1 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.700M $11.80M $12.40M
YoY Change -54.03% 35.63% 3.33%
Cash & Equivalents $5.672M $11.77M $12.44M
Short-Term Investments $0.00
Other Short-Term Assets $19.60M $17.30M $19.90M
YoY Change -1.51% -38.43% -10.36%
Inventory $158.6M $144.0M $153.7M
Prepaid Expenses
Receivables $110.4M $87.06M $101.9M
Other Receivables $4.300M $3.900M $4.900M
Total Short-Term Assets $298.7M $264.1M $292.8M
YoY Change 2.01% -12.48% -12.97%
LONG-TERM ASSETS
Property, Plant & Equipment $79.66M $79.42M $78.46M
YoY Change 1.54% 13.81% -3.73%
Goodwill $103.3M $53.91M $103.0M
YoY Change 0.29% 0.0% -8.02%
Intangibles $178.3M $185.0M $189.1M
YoY Change -5.7% 16.77% 14.06%
Long-Term Investments $22.34M $21.95M $22.34M
YoY Change 0.01% 1.39% 4.65%
Other Assets $1.818M $2.168M $6.118M
YoY Change -70.28% -68.62% -27.47%
Total Long-Term Assets $395.8M $403.1M $410.2M
YoY Change -3.5% 7.28% 1.98%
TOTAL ASSETS
Total Short-Term Assets $298.7M $264.1M $292.8M
Total Long-Term Assets $395.8M $403.1M $410.2M
Total Assets $694.5M $667.2M $703.0M
YoY Change -1.2% -1.52% -4.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.78M $55.79M $71.74M
YoY Change 0.05% -21.87% -3.02%
Accrued Expenses $61.80M $63.10M $67.60M
YoY Change -8.58% -4.1% -12.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $11.80M $8.826M $85.20M
YoY Change -86.15% 46.32% 3957.14%
Total Short-Term Liabilities $145.7M $131.9M $229.5M
YoY Change -36.53% -10.53% 43.58%
LONG-TERM LIABILITIES
Long-Term Debt $109.0M $90.69M $17.30M
YoY Change 529.86% 14.14% -81.82%
Other Long-Term Liabilities $9.988M $10.48M $10.83M
YoY Change -7.75% 8.62% 24.88%
Total Long-Term Liabilities $118.9M $101.2M $28.13M
YoY Change 322.9% 13.54% -72.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $145.7M $131.9M $229.5M
Total Long-Term Liabilities $118.9M $101.2M $28.13M
Total Liabilities $301.1M $271.3M $303.8M
YoY Change -0.92% -3.58% -2.63%
SHAREHOLDERS EQUITY
Retained Earnings $159.5M $154.9M $160.3M
YoY Change -0.52% -1.7% -6.8%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.18M $21.18M $21.19M
YoY Change -0.04% 1.04% 1.08%
Treasury Stock Shares 2.168M shares 2.168M shares 2.169M shares
Shareholders Equity $393.5M $395.9M $399.1M
YoY Change
Total Liabilities & Shareholders Equity $694.5M $667.2M $703.0M
YoY Change -1.2% -1.52% -4.83%

Cashflow Statement

Concept 2016 Q4 2016 Q1 2015 Q4
OPERATING ACTIVITIES
Net Income $5.800M -$5.351M $7.777M
YoY Change -25.42% -62.77% -50.22%
Depreciation, Depletion And Amortization $3.048M $4.400M $4.302M
YoY Change -29.15% 29.41% 2.7%
Cash From Operating Activities -$8.100M $5.000M $19.60M
YoY Change -141.33% -70.59% 196.97%
INVESTING ACTIVITIES
Capital Expenditures -$3.500M -$3.000M -$6.100M
YoY Change -42.62% -58.9% 56.41%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$15.50M
YoY Change -100.0% -5266.67%
Cash From Investing Activities -$3.500M -$3.000M -$21.60M
YoY Change -83.8% -58.9% 500.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.60M -3.500M 6.500M
YoY Change 93.85% -68.75% -641.67%
NET CHANGE
Cash From Operating Activities -8.100M 5.000M 19.60M
Cash From Investing Activities -3.500M -3.000M -21.60M
Cash From Financing Activities 12.60M -3.500M 6.500M
Net Change In Cash 1.000M -1.500M 4.500M
YoY Change -77.78% 0.0% 150.0%
FREE CASH FLOW
Cash From Operating Activities -$8.100M $5.000M $19.60M
Capital Expenditures -$3.500M -$3.000M -$6.100M
Free Cash Flow -$4.600M $8.000M $25.70M
YoY Change -117.9% -67.08% 144.76%

Facts In Submission

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CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
7640000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
7794000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7877000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7933000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Gross
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109174000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
108550000 USD
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CY2016Q4 us-gaap Finite Lived Intangible Assets Net
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70353000 USD
CY2016Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
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30000 USD
CY2016Q4 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
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489000 USD
CY2015Q4 us-gaap Foreign Currency Transaction Gain Loss Realized
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us-gaap Foreign Currency Transaction Gain Loss Realized
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432000 USD
CY2016Q4 us-gaap Foreign Currency Transaction Gain Loss Realized
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-314000 USD
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-459000 USD
us-gaap Gain Loss On Disposition Of Intangible Assets
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-30000 USD
us-gaap Gain Loss On Disposition Of Intangible Assets
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0 USD
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166000 USD
us-gaap Gain Loss On Fair Value Hedge Ineffectiveness Net
GainLossOnFairValueHedgeIneffectivenessNet
153000 USD
CY2016Q4 us-gaap Gain Loss On Fair Value Hedge Ineffectiveness Net
GainLossOnFairValueHedgeIneffectivenessNet
190000 USD
us-gaap Gain Loss On Fair Value Hedge Ineffectiveness Net
GainLossOnFairValueHedgeIneffectivenessNet
177000 USD
us-gaap Gain Loss On Oil And Gas Hedging Activity
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3289000 USD
us-gaap Gain Loss On Oil And Gas Hedging Activity
GainLossOnOilAndGasHedgingActivity
590000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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202000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
12000 USD
CY2015Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29536000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
83530000 USD
CY2016Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
27240000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
79214000 USD
CY2016Q1 us-gaap Goodwill
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104349000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
103265000 USD
CY2015Q4 us-gaap Gross Profit
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55843000 USD
us-gaap Gross Profit
GrossProfit
148861000 USD
CY2016Q4 us-gaap Gross Profit
GrossProfit
58213000 USD
us-gaap Gross Profit
GrossProfit
150807000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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3806000 USD
CY2015Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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9054000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1769000 USD
CY2016Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7345000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1124000 USD
CY2015Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1927000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5002000 USD
CY2016Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1931000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5284000 USD
CY2015Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2968000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
791000 USD
CY2016Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3435000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-218000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1089000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
3610000 USD
CY2016Q1 us-gaap Income Taxes Receivable
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1426000 USD
CY2016Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1365000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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15006000 USD
us-gaap Increase Decrease In Accounts Receivable
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1491000 USD
us-gaap Increase Decrease In Accounts Receivable
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24299000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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1160000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
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-3904000 USD
us-gaap Increase Decrease In Inventories
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-327000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15897000 USD
us-gaap Increase Decrease In Notes Receivable Current
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-4176000 USD
us-gaap Increase Decrease In Notes Receivable Current
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0 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7580000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2139000 USD
us-gaap Increase Decrease In Receivables
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-827000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
67000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
-264000 USD
us-gaap Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
210000 USD
CY2016Q1 us-gaap Intangible Assets Net Excluding Goodwill
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185022000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
178300000 USD
CY2015Q4 us-gaap Interest And Debt Expense
InterestAndDebtExpense
1772000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
4964000 USD
CY2016Q4 us-gaap Interest And Debt Expense
InterestAndDebtExpense
1995000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
5560000 USD
CY2015Q4 us-gaap Interest Income Expense Nonoperating Net
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38000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
781000 USD
CY2016Q4 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
22000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
124000 USD
us-gaap Interest Paid Net
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2328000 USD
us-gaap Interest Paid Net
InterestPaidNet
1366000 USD
CY2016Q1 us-gaap Inventory Finished Goods Net Of Reserves
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92630000 USD
CY2016Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
106402000 USD
CY2016Q1 us-gaap Inventory Net
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144028000 USD
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
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0 USD
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
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3893000 USD
CY2016Q1 us-gaap Investments Fair Value Disclosure
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10206000 USD
CY2016Q4 us-gaap Investments Fair Value Disclosure
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10417000 USD
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271296000 USD
CY2016Q4 us-gaap Liabilities
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301050000 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
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667190000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
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694506000 USD
CY2016Q1 us-gaap Liabilities Current
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131884000 USD
CY2016Q4 us-gaap Liabilities Current
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145665000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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22477000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2015Q4 us-gaap Net Income Loss
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7777000 USD
CY2016Q4 us-gaap Inventory Net
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158636000 USD
CY2016Q1 us-gaap Inventory Raw Materials Net Of Reserves
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46941000 USD
CY2016Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
48341000 USD
CY2016Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
4457000 USD
CY2016Q1 us-gaap Liability For Uncertain Tax Positions Noncurrent
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4997000 USD
CY2016Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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5043000 USD
CY2016Q4 us-gaap Line Of Credit
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87026000 USD
CY2015Q4 us-gaap Line Of Credit Facility Commitment Fee Amount
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70000 USD
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
235000 USD
CY2016Q4 us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
62000 USD
us-gaap Line Of Credit Facility Commitment Fee Amount
LineOfCreditFacilityCommitmentFeeAmount
184000 USD
CY2014Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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125000000 USD
CY2016Q1 us-gaap Long Term Debt
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CY2016Q4 us-gaap Long Term Debt
LongTermDebt
105267000 USD
CY2016Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
90691000 USD
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
108953000 USD
CY2016Q1 us-gaap Long Term Investments
LongTermInvestments
10206000 USD
CY2016Q4 us-gaap Long Term Investments
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10417000 USD
CY2016Q1 us-gaap Minority Interest
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8524000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
3413000 USD
CY2015Q4 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
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0 Rate
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17206000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17234000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35587000 USD
us-gaap Net Income Loss
NetIncomeLoss
2669000 USD
CY2016Q4 us-gaap Net Income Loss
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5800000 USD
us-gaap Net Income Loss
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4512000 USD
CY2015Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-1691000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1691000 USD
CY2016Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1890000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-5418000 USD
us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
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1453000 USD
CY2015Q4 us-gaap Operating Expenses
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52259000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4204000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
357000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
8584000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2714000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
182000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
225000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
902000 USD
us-gaap Operating Expenses
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152912000 USD
CY2016Q4 us-gaap Operating Expenses
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50904000 USD
us-gaap Operating Expenses
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151427000 USD
CY2015Q4 us-gaap Operating Income Loss
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3584000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-4051000 USD
CY2016Q4 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
OperatingIncomeLoss
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2168000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
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1818000 USD
CY2016Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-6684000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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-3168000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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-4000 USD
CY2016Q4 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
4000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-4000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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0 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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CY2015Q4 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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CY2016Q4 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
752000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
240000 USD
CY2015Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2015Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7865000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2016Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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44000 USD
CY2016Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
96000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
44000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-290000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
530000 USD
CY2016Q4 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
225000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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-51000 USD
CY2015Q4 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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5000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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1000 USD
CY2015Q4 us-gaap Other Income
OtherIncome
5470000 USD
us-gaap Other Income
OtherIncome
5820000 USD
CY2016Q4 us-gaap Other Income
OtherIncome
36000 USD
us-gaap Other Income
OtherIncome
504000 USD
CY2016Q1 us-gaap Other Investments And Securities At Cost
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6271000 USD
CY2016Q1 us-gaap Other Liabilities Current
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50748000 USD
CY2016Q4 us-gaap Other Liabilities Current
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44785000 USD
CY2016Q1 us-gaap Other Liabilities Noncurrent
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10480000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
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9988000 USD
CY2015Q4 us-gaap Other Nonoperating Gains Losses
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2000 USD
us-gaap Other Nonoperating Gains Losses
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-430000 USD
CY2016Q4 us-gaap Other Nonoperating Gains Losses
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us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
-391000 USD
CY2015Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
636000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1103000 USD
CY2016Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-228000 USD
CY2015Q4 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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0 USD
us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0 USD
CY2016Q4 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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0 USD
us-gaap Paid In Kind Interest
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0 USD
us-gaap Paid In Kind Interest
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us-gaap Payments For Repurchase Of Common Stock
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227000 USD
us-gaap Payments For Repurchase Of Common Stock
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0 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
332000 USD
us-gaap Payments Of Financing Costs
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0 USD
CY2015Q4 us-gaap Payments To Acquire Businesses Gross
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15504000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-15504000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
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16625000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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8622000 USD
CY2016Q4 us-gaap Preferred Stock Liquidation Preference
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50
CY2016Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2016Q1 us-gaap Preferred Stock Shares Authorized
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1500000 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1500000 shares
CY2016Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q1 us-gaap Prepaid Expense And Other Assets Current
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17256000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
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19681000 USD
us-gaap Proceeds From Bank Debt
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198325000 USD
us-gaap Proceeds From Bank Debt
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48353000 USD
us-gaap Proceeds From Sale Of Intangible Assets
ProceedsFromSaleOfIntangibleAssets
150000 USD
us-gaap Proceeds From Sale Of Intangible Assets
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0 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
317000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
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15000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
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3714000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2015Q4 us-gaap Rental Income Nonoperating
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109000 USD
us-gaap Rental Income Nonoperating
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320000 USD
CY2016Q4 us-gaap Rental Income Nonoperating
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149000 USD
us-gaap Proceeds From Sale Of Short Term Investments
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251000 USD
us-gaap Proceeds From Sale Of Short Term Investments
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0 USD
us-gaap Proceeds From Stock Options Exercised
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436000 USD
us-gaap Proceeds From Stock Options Exercised
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0 USD
CY2015Q4 us-gaap Profit Loss
ProfitLoss
6086000 USD
us-gaap Profit Loss
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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">New Accounting Pronouncements</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, "Revenues from Contracts with Customers (Topic 606)," which outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The standard requires entities to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The new guidance also includes a cohesive set of disclosure requirements intended to provide users of financial statements comprehensive information about the nature, amounts, timing and uncertainty of revenue and cash flows arising from a company's contracts with customers. In August, 2015, the FASB issued ASU 2015-14, &#8220;Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date.&#8221; The amendment in this ASU defers the effective date of ASU 2014-09 for all entities for one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods with that reporting period. Retrospective or modified retrospective application of the accounting standard is required. The Company is currently evaluating the impact of the standard on the Company's Consolidated Financial Statements and disclosures.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-08,</font><font style="font-family:Arial;font-size:10pt;"> "</font><font style="font-family:inherit;font-size:10pt;">Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)." This update provides clarifying guidance regarding the application of ASU 2014-09 when another party, along with the reporting entity, is involved in providing a good or a service to a customer. In these circumstances, an entity is required to determine whether the nature of its promise is to provide that good or service to the customer (that is, the entity is a principal) or to arrange for the good or service to be provided to the customer by the other party (that is, the entity is an agent). In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing," which clarifies the identification of performance obligations and the licensing implementation guidance. In May 2016, the FASB issued ASU 2016-11, "Revenue Recognition and Derivatives and Hedging: Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 Emerging Issues Task Force Meeting (&#8220;EITF&#8221;)," which rescinds SEC paragraphs pursuant to SEC staff announcements. These rescissions include changes to topics pertaining to accounting for shipping and handling fees and costs and accounting for consideration given by a vendor to a customer. In May 2016, the FASB issued ASU 2016-12, "Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients," which provides clarifying guidance in certain narrow areas and adds some practical expedients. The effective dates for these ASU&#8217;s are the same as the effective date for ASU No. 2014-09, for annual and interim periods beginning after December 15, 2017. The Company is reviewing its policies and processes to ensure compliance with the requirements in this update with regard to its operations.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the FASB issued ASU 2015-11, "Simplifying the Measurement of Inventory.&#8221; The new standard amends the guidelines for the measurement of inventory from lower of cost or market to the lower of cost and net realizable value (NRV). NRV is defined as the estimated selling prices in the ordinary course of business less reasonably predictable costs of completion, disposal, and transportation. Under existing standards, inventory is measured at lower of cost or market, which requires the consideration of replacement cost, NRV and NRV less an amount that approximates a normal profit margin. This ASU eliminates the requirement to determine and consider replacement cost or NRV less an approximately normal profit margin for inventory measurement. The new standard is effective prospectively for fiscal years beginning after December 15, 2016, with early adoption permitted. We are currently evaluating the impact, if any, of adopting this new accounting guidance on our results of operations and financial position.</font><font style="font-family:Arial;font-size:10pt;"> </font></div><div style="line-height:120%;text-align:justify;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2016, the FASB issued ASU 2016-01&#160;"Recognition and Measurement of Financial Assets and Financial Liabilities," which amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. This amendment requires all equity investments to be measured at fair value with changes in the fair value recognized through net income (other than those accounted for under equity method of accounting or those that result in consolidation of the investee).&#160; This standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years.&#160;&#160;The Company is currently evaluating the impact, if any, the adoption of ASU 2016-01 will have on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02,&#160;"Leases (Topic 842)." ASU 2016-02 requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. This amendment will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted. The Company has not yet determined the effect of the adoption of this standard on the Company&#8217;s consolidated financial position and results of operations.</font></div><div style="line-height:120%;text-align:justify;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-05, "Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships (a consensus of the Emerging Issues Task Force)." ASU 2016-05 clarifies that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument under Topic 815 does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria continue to be met. ASU 2016-05 is effective for the Company for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect that the adoption of ASU 2016-05 will have a material impact on its consolidated financial statements. </font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU No. 2016-07, "Investments - Equity Method and Joint Ventures: Simplifying the Transition to the Equity Method of Accounting," which eliminates the retroactive adjustments to an investment upon it qualifying for the equity method of accounting as a result of an increase in the level of ownership interest or degree of influence by the investor. ASU 2016-07 requires that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor&#8217;s previously held interest and adopt the equity method of accounting as of the date the investment qualifies for equity method accounting. ASU 2016-07 is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted. The adoption of ASU 2016-07 is not expected to have a material effect on the Company's consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15, "Statement of Cash Flows (Topic&#160;230) - Classification of Certain Cash Receipts and Cash Payments," which addresses eight specific cash flow issues and is intended to reduce diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows.&#160;The guidance is effective for interim and annual periods beginning after December 15, 2017, and early adoption is permitted.&#160;The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In October 2016, the FASB issued ASU No. 2016-16, &#8220;Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory,&#8221; which is intended to improve the accounting for the income tax consequences of intra-entity transfers of assets other than inventory. This update removes the current exception in GAAP prohibiting entities from recognizing current and deferred income tax expenses or benefits related to transfer of assets, other than inventory, within the consolidated entity. The current exception to defer the recognition of any tax impact on the transfer of inventory within the consolidated entity until it is sold to a third party remains unaffected. The amendments in this update are effective for public entities for annual reporting periods beginning after December 15, 2017. Early adoption is permitted. The Company is currently assessing the impact of the future adoption of this standard on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In October 2016, the FASB issued ASU No. 2016-17, &#8220;Consolidation (Topic 810): Interests Held Through Related Parties That are Under Common Control.&#8221; This update amends the consolidation guidance on how a reporting entity that is the single decision maker of a variable interest entity (&#8220;VIE&#8221;) should treat indirect interests in the entity held through related parties that are under common control with the reporting entity when determining whether it is the primary beneficiary of that VIE. The primary beneficiary of a VIE is the reporting entity that has a controlling financial interest in a VIE and, therefore, consolidates the VIE. A reporting entity has an indirect interest in a VIE if it has a direct interest in a related party that, in turn, has a direct interest in the VIE. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. </font><font style="font-family:inherit;font-size:10pt;color:#252525;">The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2016, the FASB issued</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">ASU No. 2016-18</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">, </font><font style="font-family:inherit;font-size:10pt;">"Statement of Cash Flows (Topic 230)"</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">to reduce</font><font style="font-family:Arial;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">diversity in practice related to the classification and presentation of changes in restricted cash on the statement of cash flows under Topic 230, Statement of Cash Flows. The revised guidance requires that amounts generally described as restricted cash and restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The guidance will be applied on a retrospective basis beginning with the earliest period presented. The amendments in this ASU are effective for annual and interim periods beginning after December&#160;15, 2017. Early adoption is permitted. The Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements.</font></div></div>

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