10-Q Filing

CONMED CORP CIK: 816956 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000816956-16-000016`
Period End Date	20160331
Filing Date	20160502
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	cnmd-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 36 Cash Flow Statement 62

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$65.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.33M	USD	Point-in-time
Preferred stock, par value (dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$134.41M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$133.86M	USD	Point-in-time
Preferred stock, par value (dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$166.89M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Inventories	`InventoryNet`	$185.11M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.08M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.52M	USD	Point-in-time
Common stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$367.93M	USD	Point-in-time
Common stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$393.34M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$125.45M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$126.83M	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
Goodwill	`Goodwill`	$398.39M	USD	Point-in-time
Goodwill	`Goodwill`	$260.65M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$434.20M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockNumberOfSharesHeld`	3.59M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockNumberOfSharesHeld`	3.56M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$308.17M	USD	Point-in-time
Other assets	`OtherAssets`	$14.09M	USD	Point-in-time
Other assets	`OtherAssets`	$15.44M	USD	Point-in-time
Total assets	`Assets`	$1.10B	USD	Point-in-time
Total assets	`Assets`	$1.34B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.34M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.72M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$27.58M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$31.82M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$36.46M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$51.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$119.72M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$269.47M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$511.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$103.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$119.43M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$24.06M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$26.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$516.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$760.49M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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 2016 and 2015, 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 2016 and 2015, respectively	`CommonStockValue`	$313.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$324.92M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$325.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$406.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$414.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-50.84M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-53.89M	USD	Point-in-time
Less: 3,556,032 and 3,590,409 shares of common stock in treasury, at cost in 2016 and 2015, respectively	`TreasuryStockValue`	$100.77M	USD	Point-in-time
Less: 3,556,032 and 3,590,409 shares of common stock in treasury, at cost in 2016 and 2015, respectively	`TreasuryStockValue`	$99.76M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$585.07M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$582.29M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.34B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.10B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$177.94M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$181.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$83.46M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$85.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$92.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$97.74M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$74.79M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$85.94M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$8.26M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$6.54M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$94.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$81.33M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.95M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.54M	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$2.94M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.46M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.83M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.49M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.23M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$3.18M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-968.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$6.31M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.27M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.71M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$787.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Dividends per share of common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends per share of common stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.57M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.72M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.72M	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 (loss)	`NetIncomeLoss`	$6.31M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.27M	USD	1 Quarter
Depreciation	`Depreciation`	$4.63M	USD	1 Quarter
Depreciation	`Depreciation`	$4.99M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$8.27M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$5.54M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.49M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.86M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.94M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.25M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-254.00K	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.81M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.43M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.16M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.72M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.11M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.73M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.52M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.49M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.66M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.92M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.99M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.49M	USD	1 Quarter
Total operating	`IncreaseDecreaseInOperatingCapital`	$-8.50M	USD	1 Quarter
Total operating	`IncreaseDecreaseInOperatingCapital`	$15.02M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.81M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.28M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.06M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.79M	USD	1 Quarter
Payments related to business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$853.00K	USD	1 Quarter
Payments related to business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$256.42M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-259.21M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.91M	USD	1 Quarter
Payments on senior credit agreement	`RepaymentsOfSeniorDebt`	-	USD	1 Quarter
Payments on senior credit agreement	`RepaymentsOfSeniorDebt`	$2.19M	USD	1 Quarter
Proceeds from senior credit agreement	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$17.00M	USD	1 Quarter
Proceeds from senior credit agreement	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$253.00M	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
Payments related to debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments related to debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$5.56M	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`	$543.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$110.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.63M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$223.16M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$721.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.86M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-603.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-52.61M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.89M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$72.50M	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`	$66.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.89M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$72.50M	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`	$66.33M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.52M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.55M	USD	Point-in-time

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