10-Q Filing

CONMED CORP CIK: 816956 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0000816956-15-000007`
Period End Date	20150630
Filing Date	20150727
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	cnmd-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 68 Cash Flow Statement 70

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.22M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$129.66M	USD	Point-in-time
Preferred stock, par value (dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$129.29M	USD	Point-in-time
Preferred stock, par value (dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$149.18M	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$13.14M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$14.35M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$23.03M	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`	$20.07M	USD	Point-in-time
Common stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$381.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$374.27M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$133.43M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$131.62M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockNumberOfSharesHeld`	3.74M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.40M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockNumberOfSharesHeld`	3.60M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.21M	USD	Point-in-time
Goodwill	`Goodwill`	$261.00M	USD	Point-in-time
Goodwill	`Goodwill`	$256.23M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$316.44M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$311.13M	USD	Point-in-time
Other assets	`OtherAssets`	$10.16M	USD	Point-in-time
Other assets	`OtherAssets`	$9.54M	USD	Point-in-time
Total assets	`Assets`	$1.10B	USD	Point-in-time
Total assets	`Assets`	$1.09B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.28M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.75M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$29.93M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$36.45M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.62M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.67M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$48.68M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$51.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$115.96M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$258.55M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$240.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$112.72M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$112.22M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$30.14M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$48.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$511.29M	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`	$318.69M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$319.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$406.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$408.86M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.82M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-48.68M	USD	Point-in-time
Less: 3,602,163 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: 3,602,163 and 3,744,473 shares of common stock in treasury, at cost in 2015 and 2014, respectively	`TreasuryStockValue`	$101.10M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$581.30M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$578.09M	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 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$181.03M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$370.09M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$188.15M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$358.97M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$87.53M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$87.12M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$166.48M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$173.19M	USD	2 Qtrs
Gross profit	`GrossProfit`	$93.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$101.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$185.78M	USD	2 Qtrs
Gross profit	`GrossProfit`	$203.61M	USD	2 Qtrs
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$73.58M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$78.23M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$148.37M	USD	2 Qtrs
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$156.60M	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$13.76M	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$14.04M	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$6.85M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$7.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$81.08M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$162.41M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$170.36M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$85.09M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.94M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$23.37M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.42M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$33.25M	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.03M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.95M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.49M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.22M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.93M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.37M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.42M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.65M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.47M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.11M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.34M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$18.88M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.92M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$21.17M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.63M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.60M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.69	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.50	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.49	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.68	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Dividends per share of common stock	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends per share of common stock	`CommonStockDividendsPerShareDeclared`	$0.40	USD	2 Qtrs
Dividends per share of common stock	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends per share of common stock	`CommonStockDividendsPerShareDeclared`	$0.40	USD	2 Qtrs
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.26M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.62M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.60M	shares	2 Qtrs
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.30M	shares	2 Qtrs
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.80M	shares	2 Qtrs
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.84M	shares	2 Qtrs
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.75M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.86M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$10.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$18.88M	USD	2 Qtrs
Depreciation	`Depreciation`	$9.20M	USD	2 Qtrs
Depreciation	`Depreciation`	$9.47M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$11.88M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$12.83M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.52M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.78M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.84M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.18M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.57M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.58M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$19.16M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.86M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.35M	USD	2 Qtrs
Income taxes receivable (payable)	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.10M	USD	2 Qtrs
Income taxes receivable (payable)	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.01M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.08M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-5.26M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-834.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.60M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.26M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-3.46M	USD	2 Qtrs
Total operating	`IncreaseDecreaseInOperatingCapital`	$-6.03M	USD	2 Qtrs
Total operating	`IncreaseDecreaseInOperatingCapital`	$-11.28M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.05M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.91M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.78M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.64M	USD	2 Qtrs
Payments related to business acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Payments related to business acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.10M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.89M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.64M	USD	2 Qtrs
Net proceeds from common stock issued under employee plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$468.00K	USD	2 Qtrs
Net proceeds from common stock issued under employee plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$953.00K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$16.86M	USD	2 Qtrs
Payments on mortgage notes	`RepaymentsOfSeniorDebt`	$558.00K	USD	2 Qtrs
Payments on mortgage notes	`RepaymentsOfSeniorDebt`	$605.00K	USD	2 Qtrs
Proceeds from senior credit agreement	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$19.00M	USD	2 Qtrs
Proceeds from senior credit agreement	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$31.00M	USD	2 Qtrs
Payments related to distribution agreement	`PaymentsForContingentPayments`	$16.67M	USD	2 Qtrs
Payments related to distribution agreement	`PaymentsForContingentPayments`	$16.67M	USD	2 Qtrs
Payments related to contingent consideration	`PaymentsforContingentConsiderationRelatedtoBusinessAcquisition`	$2.42M	USD	2 Qtrs
Payments related to contingent consideration	`PaymentsforContingentConsiderationRelatedtoBusinessAcquisition`	-	USD	2 Qtrs
Payments related to debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.41M	USD	2 Qtrs
Payments related to debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$11.03M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$10.99M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.86M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.60M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.26M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.06M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$963.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.22M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.97M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.12M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.41M	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`	$54.44M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$62.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.41M	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`	$54.44M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$62.22M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.47M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.54M	USD	Point-in-time

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