2012 Q2 Form 10-Q Financial Statement
#000110465912057352 Filed on August 13, 2012
Income Statement
| Concept | 2012 Q2 |
|---|---|
| Revenue | $23.48M |
| YoY Change | 3.25% |
| Cost Of Revenue | $17.12M |
| YoY Change | 26.2% |
| Gross Profit | $6.365M |
| YoY Change | -30.66% |
| Gross Profit Margin | 27.11% |
| Selling, General & Admin | $7.200M |
| YoY Change | 7.46% |
| % of Gross Profit | 113.12% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $200.0K |
| YoY Change | -27.01% |
| % of Gross Profit | 3.14% |
| Operating Expenses | $25.95M |
| YoY Change | 174.32% |
| Operating Profit | -$19.58M |
| YoY Change | 6893.93% |
| Interest Expense | $30.00K |
| YoY Change | 66.67% |
| % of Operating Profit | |
| Other Income/Expense, Net | -$21.00K |
| YoY Change | 90.91% |
| Pretax Income | -$19.63M |
| YoY Change | 6646.74% |
| Income Tax | -$2.657M |
| % Of Pretax Income | |
| Net Earnings | -$17.00M |
| YoY Change | 5566.67% |
| Net Earnings / Revenue | -72.4% |
| Basic Earnings Per Share | -$2.33 |
| Diluted Earnings Per Share | -$2.33 |
| COMMON SHARES | |
| Basic Shares Outstanding | 7.297M shares |
| Diluted Shares Outstanding | 7.297M shares |
Balance Sheet
| Concept | 2012 Q2 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $5.500M |
| YoY Change | -23.61% |
| Cash & Equivalents | $5.502M |
| Short-Term Investments | |
| Other Short-Term Assets | $1.500M |
| YoY Change | 0.0% |
| Inventory | |
| Prepaid Expenses | |
| Receivables | $32.50M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $39.50M |
| YoY Change | 14.16% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $1.049M |
| YoY Change | -30.07% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $5.700M |
| YoY Change | 470.0% |
| Total Long-Term Assets | $6.800M |
| YoY Change | -54.97% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $39.50M |
| Total Long-Term Assets | $6.800M |
| Total Assets | $46.30M |
| YoY Change | -6.84% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $11.00M |
| YoY Change | 139.13% |
| Accrued Expenses | $8.147M |
| YoY Change | 33.56% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $4.300M |
| YoY Change | 86.96% |
| Long-Term Debt Due | $300.0K |
| YoY Change | 0.0% |
| Total Short-Term Liabilities | $29.60M |
| YoY Change | 77.25% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $100.0K |
| YoY Change | -66.67% |
| Other Long-Term Liabilities | $500.0K |
| YoY Change | -28.57% |
| Total Long-Term Liabilities | $600.0K |
| YoY Change | -40.0% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $29.60M |
| Total Long-Term Liabilities | $600.0K |
| Total Liabilities | $30.20M |
| YoY Change | 70.62% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $16.10M |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $46.30M |
| YoY Change | -6.84% |
Cashflow Statement
| Concept | 2012 Q2 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | -$17.00M |
| YoY Change | 5566.67% |
| Depreciation, Depletion And Amortization | $200.0K |
| YoY Change | -27.01% |
| Cash From Operating Activities | $1.740M |
| YoY Change | 159.7% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$150.0K |
| YoY Change | -174.63% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | $10.00K |
| YoY Change | |
| Cash From Investing Activities | -$140.0K |
| YoY Change | -30.0% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -1.110M |
| YoY Change | -1685.71% |
| NET CHANGE | |
| Cash From Operating Activities | 1.740M |
| Cash From Investing Activities | -140.0K |
| Cash From Financing Activities | -1.110M |
| Net Change In Cash | 490.0K |
| YoY Change | -9.26% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $1.740M |
| Capital Expenditures | -$150.0K |
| Free Cash Flow | $1.890M |
| YoY Change | 302.99% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2012Q2 | wldn |
Operating Income Loss Offsetting Valuation Allowance
OperatingIncomeLossOffsettingValuationAllowance
|
-6600000 | USD |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
19000 | USD | |
| CY2012Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
18000 | USD |
| CY2012Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
12000 | USD |
| CY2011Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
13000 | USD |
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
27000 | USD | |
| us-gaap |
Use Of Estimates
UseOfEstimates
|
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="MARGIN: 0in 0in 0pt 46pt; TEXT-INDENT: -10pt"><i><font style="FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman" size="2">Use of Estimates</font></i></p> <p style="MARGIN: 0in 0in 0pt 46pt; TEXT-INDENT: -10pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2"> </font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" size="2">The preparation of consolidated financial statements in conformity with generally accepted accounting principles in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Estimates also affect the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></p></td></tr></table> | ||
| wldn |
Number Of Principal Types Of Pricing Provisions
NumberOfPrincipalTypesOfPricingProvisions
|
3 | item | |
| CY2012Q2 | us-gaap |
Contract Receivable Retainage
ContractReceivableRetainage
|
1086000 | USD |
| CY2011Q4 | us-gaap |
Contract Receivable Retainage
ContractReceivableRetainage
|
579000 | USD |
| CY2012Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
1232000 | USD |
| CY2012Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1202000 | USD |
| CY2011Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
1232000 | USD |
| CY2011Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1183000 | USD |
| CY2012Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
10000 | USD |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7294000 | shares | |
| CY2012Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7297000 | shares |
| wldn |
Defined Contribution Plan Employee Contribution Limit Percentage Of Compensation
DefinedContributionPlanEmployeeContributionLimitPercentageOfCompensation
|
0.50 | pure | |
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3584000 | USD | |
| CY2012Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-2657000 | USD |
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
4 | segment | |
| CY2012Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7297000 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7294000 | shares | |
| CY2012Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
11747000 | USD |
| CY2011Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
11823000 | USD |
| CY2012Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
10698000 | USD |
| CY2011Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
10606000 | USD |
| CY2012Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1049000 | USD |
| CY2012Q2 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
37000 | USD |
| CY2011Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
944000 | USD |
| CY2012Q2 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
1554000 | USD |
| CY2012Q2 | wldn |
Compensation And Payroll Taxes Current
CompensationAndPayrollTaxesCurrent
|
794000 | USD |
| CY2012Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
112000 | USD |
| CY2012Q2 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
75000 | USD |
| CY2012Q2 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
350000 | USD |
| CY2012Q2 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
122000 | USD |
| CY2012Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
-34000 | USD |
| CY2012Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
8147000 | USD |
| CY2011Q4 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
1415000 | USD |
| CY2011Q4 | wldn |
Compensation And Payroll Taxes Current
CompensationAndPayrollTaxesCurrent
|
770000 | USD |
| CY2011Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
101000 | USD |
| CY2011Q4 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
24000 | USD |
| CY2011Q4 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
320000 | USD |
| CY2011Q4 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
247000 | USD |
| CY2011Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
54000 | USD |
