2022 Q3 Form 10-Q Financial Statement

#000156459022028028 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $269.5M $297.8M $275.8M
YoY Change -13.46% -10.26% -14.72%
Cost Of Revenue $106.5M $117.7M $106.9M
YoY Change -15.05% -14.96% -24.32%
Gross Profit $163.0M $180.1M $168.9M
YoY Change -12.4% -6.89% -7.27%
Gross Profit Margin 60.48% 60.48% 61.23%
Selling, General & Admin $71.32M $63.56M $114.5M
YoY Change 3.06% -13.73% -12.27%
% of Gross Profit 43.76% 35.29% 67.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.29M $12.01M $11.33M
YoY Change -6.51% -22.05% -14.83%
% of Gross Profit 8.15% 6.67% 6.71%
Operating Expenses $71.32M $63.56M $114.5M
YoY Change 3.06% -13.73% -12.34%
Operating Profit $13.37M $116.5M $54.37M
YoY Change -77.6% 4016.57% 5.57%
Interest Expense $19.26M $18.67M -$19.21M
YoY Change -5.12% -35.89% -38.03%
% of Operating Profit 144.06% 16.02% -35.33%
Other Income/Expense, Net -$1.613M -$344.0K -$450.0K
YoY Change 323.36% -245.15% 350.0%
Pretax Income -$7.502M -$10.05M $33.21M
YoY Change -176.32% -61.45% 101.3%
Income Tax -$2.879M -$1.802M $3.285M
% Of Pretax Income 9.89%
Net Earnings -$4.623M -$8.243M $29.93M
YoY Change -152.18% -54.78% 137.53%
Net Earnings / Revenue -1.72% -2.77% 10.85%
Basic Earnings Per Share -$0.07 -$0.12
Diluted Earnings Per Share -$0.07 -$0.12 $425.3K
COMMON SHARES
Basic Shares Outstanding 70.31M 70.09M
Diluted Shares Outstanding 70.31M 70.09M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $148.6M $127.6M $153.8M
YoY Change 18.34% 12.66% -7.3%
Cash & Equivalents $148.6M $127.6M $153.8M
Short-Term Investments
Other Short-Term Assets $52.26M $61.22M $57.49M
YoY Change -26.55% -3.74% -3.05%
Inventory $32.33M $29.50M $30.57M
Prepaid Expenses
Receivables $32.28M $39.27M $29.32M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $265.5M $257.6M $271.2M
YoY Change 2.33% 2.56% -9.36%
LONG-TERM ASSETS
Property, Plant & Equipment $31.91M $121.0M $37.22M
YoY Change -24.7% -21.94% -28.34%
Goodwill $159.9M $163.4M $157.4M
YoY Change 2.03% 4.86% 1.13%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.22M $29.34M $15.69M
YoY Change 1.21% 2.94% -2.84%
Total Long-Term Assets $1.125B $1.162B $1.158B
YoY Change -4.31% -1.97% -2.05%
TOTAL ASSETS
Total Short-Term Assets $265.5M $257.6M $271.2M
Total Long-Term Assets $1.125B $1.162B $1.158B
Total Assets $1.391B $1.419B $1.429B
YoY Change -3.11% -1.18% -3.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.53M $29.34M $22.44M
YoY Change -4.27% 39.71% -2.64%
Accrued Expenses $134.8M $134.7M $144.3M
YoY Change -1.15% -11.38% -5.91%
Deferred Revenue $47.64M $45.86M
YoY Change -7.38% -9.15%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $53.00K $101.0K $75.00K
YoY Change -99.47% -99.87% -99.9%
Total Short-Term Liabilities $208.2M $216.7M $229.1M
YoY Change -15.59% -33.8% -32.63%
LONG-TERM LIABILITIES
Long-Term Debt $1.420B $1.419B $1.418B
YoY Change -2.71% 2.02% 0.66%
Other Long-Term Liabilities $2.217M $78.16M $2.227M
YoY Change -71.0% -22.61% -57.27%
Total Long-Term Liabilities $1.422B $1.419B $1.420B
YoY Change -3.06% 2.02% 0.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $208.2M $216.7M $229.1M
Total Long-Term Liabilities $1.422B $1.419B $1.420B
Total Liabilities $1.847B $1.869B $1.885B
YoY Change -6.41% -6.2% -7.1%
SHAREHOLDERS EQUITY
Retained Earnings $2.662B $2.682B
YoY Change 1.98% 2.46%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.107B $3.120B
YoY Change -0.7% -0.66%
Treasury Stock Shares $51.69M $51.99M
Shareholders Equity -$456.1M -$449.3M -$456.4M
YoY Change
Total Liabilities & Shareholders Equity $1.391B $1.419B $1.429B
YoY Change -3.11% -1.18% -3.53%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$4.623M -$8.243M $29.93M
YoY Change -152.18% -54.78% 137.53%
Depreciation, Depletion And Amortization $13.29M $12.01M $11.33M
YoY Change -6.51% -22.05% -14.83%
Cash From Operating Activities $36.87M -$10.45M $31.91M
YoY Change -26.49% -11.99% 275.39%
INVESTING ACTIVITIES
Capital Expenditures -$9.857M -$9.228M -$8.500M
YoY Change 18.32% -1441.28% 10.39%
Acquisitions $4.350M
YoY Change -59.9%
Other Investing Activities -$9.000K $11.00K -$676.0K
YoY Change -99.39% -31.25% -93.31%
Cash From Investing Activities -$9.866M -$13.59M -$9.176M
YoY Change 0.53% -35.29% -48.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.577M -409.0K -55.63M
YoY Change -94.57% -97.6% 61.23%
NET CHANGE
Cash From Operating Activities 36.87M -10.45M 31.91M
Cash From Investing Activities -9.866M -13.59M -9.176M
Cash From Financing Activities -1.577M -409.0K -55.63M
Net Change In Cash 25.42M -26.15M -32.89M
YoY Change 125.21% -50.25% -24.9%
FREE CASH FLOW
Cash From Operating Activities $36.87M -$10.45M $31.91M
Capital Expenditures -$9.857M -$9.228M -$8.500M
Free Cash Flow $46.72M -$1.226M $40.41M
YoY Change -20.11% -90.24% 149.43%

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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022Q1 us-gaap Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List
FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#PropertyPlantAndEquipmentNet
CY2022Q3 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherAccruedLiabilitiesCurrent
CY2022Q1 us-gaap Finance Lease Liability Current Statement Of Financial Position Extensible List
FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherAccruedLiabilitiesCurrent
CY2022Q3 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherLiabilitiesNoncurrent
CY2022Q1 us-gaap Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List
FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherLiabilitiesNoncurrent
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P7Y1M24D
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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125353000
us-gaap Cost Of Goods And Services Sold
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224155000
us-gaap Cost Of Goods And Services Sold
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263715000
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us-gaap Gross Profit
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us-gaap Gross Profit
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us-gaap Marketing Expense
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us-gaap Marketing Expense
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71319000
CY2021Q3 us-gaap Selling General And Administrative Expense
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69199000
us-gaap Selling General And Administrative Expense
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134877000
us-gaap Selling General And Administrative Expense
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142870000
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26420000
us-gaap Asset Impairment Charges
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26420000
CY2022Q3 us-gaap Operating Income Loss
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CY2021Q3 us-gaap Operating Income Loss
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44000
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us-gaap Increase Decrease In Receivables
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us-gaap Increase Decrease In Inventories
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4351000
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11481000
us-gaap Increase Decrease In Accounts Payable
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3211000
us-gaap Increase Decrease In Accounts Payable
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3337000
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CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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2137000
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 Adjustment Net Of Tax
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1299000
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Contract With Customer Liability
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3342000
us-gaap Increase Decrease In Contract With Customer Liability
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976000
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2329000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Profit Loss
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CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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4402000
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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1522000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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19158000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
6726000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
1106000
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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383000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
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4815000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
1694000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
3296000
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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1139000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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14343000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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5032000
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax
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CY2022Q3 ww Adjustments To Retained Earnings Share Based Compensation Requisite Service Period Recognition Value
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2287000
CY2022Q3 us-gaap Stockholders Equity
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CY2022Q1 us-gaap Stockholders Equity
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us-gaap Comprehensive Income Net Of Tax
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CY2021Q2 us-gaap Stockholders Equity
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
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CY2021Q3 ww Adjustments To Retained Earnings Share Based Compensation Requisite Service Period Recognition Value
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7851000
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13192000
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2509000
us-gaap Amortization Of Financing Costs And Discounts
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3533000
us-gaap Asset Impairment Charges
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112000
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us-gaap Share Based Compensation
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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1737000
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
720000
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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438000
us-gaap Inventory Write Down
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2565000
us-gaap Inventory Write Down
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3830000
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us-gaap Deferred Income Tax Expense Benefit
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CY2021Q3 ww Fixed Lease Cost
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9782000
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FixedLeaseCost
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2125000
us-gaap Increase Decrease In Accrued Income Taxes Payable
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26413000
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0
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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us-gaap Proceeds From Issuance Of Long Term Debt
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PaymentsOfFinancingCostsAndDebtDiscount
37315000
us-gaap Repayments Of Long Term Debt
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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1925000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
102000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
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CY2022Q3 ww Finance Lease And Operating Lease Assets
FinanceLeaseAndOperatingLeaseAssets
83879000
CY2022Q1 ww Finance Lease And Operating Lease Assets
FinanceLeaseAndOperatingLeaseAssets
90029000
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18431000
CY2022Q1 us-gaap Operating Lease Liability Current
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20297000
CY2022Q3 us-gaap Finance Lease Liability Current
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CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
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CY2022Q3 ww Finance Lease Cost
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27000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
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CY2022Q1 us-gaap Operating Lease Liability Noncurrent
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CY2022Q3 us-gaap Finance Lease Liability Noncurrent
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15000
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
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29000
CY2022Q3 ww Operating And Finance Lease Liability Net
OperatingAndFinanceLeaseLiabilityNet
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CY2022Q1 ww Operating And Finance Lease Liability Net
OperatingAndFinanceLeaseLiabilityNet
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CY2022Q3 ww Fixed Lease Cost
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7791000
ww Fixed Lease Cost
FixedLeaseCost
20826000
CY2022Q3 ww Lease Termination Costs
LeaseTerminationCosts
2220000
CY2021Q3 ww Lease Termination Costs
LeaseTerminationCosts
3208000
ww Lease Termination Costs
LeaseTerminationCosts
2100000
ww Lease Termination Costs
LeaseTerminationCosts
6360000
CY2022Q3 ww Increase Decrease In Variable Lease Cost
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6000
CY2021Q3 ww Increase Decrease In Variable Lease Cost
IncreaseDecreaseInVariableLeaseCost
5000
ww Increase Decrease In Variable Lease Cost
IncreaseDecreaseInVariableLeaseCost
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ww Increase Decrease In Variable Lease Cost
IncreaseDecreaseInVariableLeaseCost
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CY2022Q3 us-gaap Operating Lease Cost
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CY2021Q3 us-gaap Operating Lease Cost
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12995000
us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
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26000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
37000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
61000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
80000
CY2022Q3 us-gaap Finance Lease Interest Expense
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1000
CY2021Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
2000
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85000
CY2021Q3 us-gaap Lease Cost
LeaseCost
13034000
us-gaap Lease Cost
LeaseCost
18079000
us-gaap Lease Cost
LeaseCost
27280000
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0334
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0531
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LeaseWeightedAverageRemainingLeaseTerm
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
11847000
CY2022Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
32000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
23072000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
33000
CY2022Q3 ww Operating And Finance Lease Liability Payments Due Next Twelve Months
OperatingAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
23105000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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16988000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
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4000
CY2022Q3 ww Operating And Finance Lease Liability Payments Due Year Two
OperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
16992000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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12151000
CY2022Q3 ww Operating And Finance Lease Liability Payments Due Year Three
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12151000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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9571000
CY2022Q3 ww Operating And Finance Lease Liability Payments Due Year Four
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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9376000
CY2022Q3 ww Operating And Finance Lease Liability Payments Due Year Five
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9376000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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36182000
CY2022Q3 ww Operating And Finance Lease Liability Payments Due After Year Five
OperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFive
36182000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
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119187000
CY2022Q3 ww Operating And Finance Lease Liability Payments Due
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us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
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CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
27546000
CY2022Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
1000
CY2022Q3 ww Operating And Finance Lease Liability Undiscounted Excess Amount
OperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount
27547000
CY2022Q3 us-gaap Operating Lease Liability
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91641000
CY2022Q3 ww Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
91709000
us-gaap Operating Lease Payments
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16733000
us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
61000
us-gaap Finance Lease Principal Payments
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80000
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RightOfUseAssetModifiedObtainedInExchangeForModifiedOperatingLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
44000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
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CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
269454000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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