10-Q Filing

CONMED CORP CIK: 816956 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000816956-15-000005`
Period End Date	20150331
Filing Date	20150424
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	cnmd-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 34 Cash Flow Statement 62

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.44M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$129.29M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$128.95M	USD	Point-in-time
Preferred stock, par value (dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$144.20M	USD	Point-in-time
Inventories	`InventoryNet`	$148.15M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$12.81M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$14.35M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.38M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$23.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$381.15M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$374.07M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$133.43M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$132.96M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.40M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockNumberOfSharesHeld`	3.72M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.19M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockNumberOfSharesHeld`	3.74M	shares	Point-in-time
Goodwill	`Goodwill`	$256.23M	USD	Point-in-time
Goodwill	`Goodwill`	$255.75M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$316.44M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$313.80M	USD	Point-in-time
Other assets	`OtherAssets`	$9.54M	USD	Point-in-time
Other assets	`OtherAssets`	$9.98M	USD	Point-in-time
Total assets	`Assets`	$1.09B	USD	Point-in-time
Total assets	`Assets`	$1.10B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.23M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.83M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$36.45M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$31.38M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.67M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.01M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$51.86M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$50.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$115.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$113.48M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$240.20M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$257.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$112.66M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$112.22M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$48.52M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$30.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$513.66M	USD	Point-in-time
Total liabilities	`Liabilities`	$516.90M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $.01 per share; authorized 500,000 shares; none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.01 per share; authorized 500,000 shares; none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.01 per share; 100,000,000 shares authorized; 31,299,194 shares issued in 2015 and 2014, respectively	`CommonStockValue`	$313.00K	USD	Point-in-time
Common stock, par value $.01 per share; 100,000,000 shares authorized; 31,299,194 shares issued in 2015 and 2014, respectively	`CommonStockValue`	$313.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$319.75M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$320.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$406.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$406.94M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.82M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-49.85M	USD	Point-in-time
Less: 3,718,911 and 3,744,473 shares of common stock in treasury, at cost in 2015 and 2014, respectively	`TreasuryStockValue`	$105.09M	USD	Point-in-time
Less: 3,718,911 and 3,744,473 shares of common stock in treasury, at cost in 2015 and 2014, respectively	`TreasuryStockValue`	$104.31M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$574.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$581.30M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.10B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.09B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$177.94M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$181.94M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$85.66M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$79.36M	USD	1 Quarter
Gross profit	`GrossProfit`	$102.58M	USD	1 Quarter
Gross profit	`GrossProfit`	$92.28M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$78.36M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$74.79M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$6.91M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$6.54M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$85.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$81.33M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$17.31M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.95M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.46M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.46M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.49M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.85M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.18M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.31M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$9.58M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.71M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Dividends per share of common stock	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends per share of common stock	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.35M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.57M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.85M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.82M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.31M	USD	1 Quarter
Depreciation	`Depreciation`	$4.57M	USD	1 Quarter
Depreciation	`Depreciation`	$4.63M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$6.30M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$5.54M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.19M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.86M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.33M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.25M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.81M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.64M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.16M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$11.94M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.15M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.73M	USD	1 Quarter
Income taxes receivable (payable)	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$675.00K	USD	1 Quarter
Income taxes receivable (payable)	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.83M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-9.16M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.49M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.92M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.09M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$722.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.66M	USD	1 Quarter
Total operating	`IncreaseDecreaseInOperatingCapital`	$-8.50M	USD	1 Quarter
Total operating	`IncreaseDecreaseInOperatingCapital`	$-8.40M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.81M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.02M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.06M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.07M	USD	1 Quarter
Payments related to a business acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payments related to a business acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$853.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.91M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.07M	USD	1 Quarter
Net proceeds from common stock issued under employee plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$729.00K	USD	1 Quarter
Net proceeds from common stock issued under employee plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$181.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$16.86M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Proceeds from senior credit agreement	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$27.00M	USD	1 Quarter
Proceeds from senior credit agreement	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$17.00M	USD	1 Quarter
Payments related to distribution agreement	`PaymentsForContingentPayments`	$16.67M	USD	1 Quarter
Payments related to distribution agreement	`PaymentsForContingentPayments`	$16.67M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$5.51M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$5.54M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$138.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$362.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.21M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.63M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$122.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.86M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-603.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.88M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$56.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.33M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$65.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.44M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$56.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$66.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$65.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.44M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.44M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.52M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.