10-Q Filing

CONMED CORP CIK: 816956 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0000816956-16-000018`
Period End Date	20160630
Filing Date	20160728
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	cnmd-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 72 Cash Flow Statement 66

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$62.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.30M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.50M	USD	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$139.62M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$133.86M	USD	Point-in-time
Inventories	`InventoryNet`	$179.91M	USD	Point-in-time
Inventories	`InventoryNet`	$166.89M	USD	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.08M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$371.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$393.34M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockNumberOfSharesHeld`	3.49M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$125.45M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockNumberOfSharesHeld`	3.59M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$125.38M	USD	Point-in-time
Goodwill	`Goodwill`	$398.15M	USD	Point-in-time
Goodwill	`Goodwill`	$260.65M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$428.96M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$308.17M	USD	Point-in-time
Other assets	`OtherAssets`	$15.34M	USD	Point-in-time
Other assets	`OtherAssets`	$14.09M	USD	Point-in-time
Total assets	`Assets`	$1.34B	USD	Point-in-time
Total assets	`Assets`	$1.10B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.34M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.72M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$30.17M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$31.82M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$51.84M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$33.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$119.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$106.22M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$269.47M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$508.64M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$118.86M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$103.38M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$24.06M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$25.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$516.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$759.10M	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`	$325.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$414.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$404.02M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-53.89M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-52.38M	USD	Point-in-time
Less: 3,485,571 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: 3,485,571 and 3,590,409 shares of common stock in treasury, at cost in 2016 and 2015, respectively	`TreasuryStockValue`	$97.82M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$579.73M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$585.07M	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 72 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$193.43M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$374.63M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$358.97M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$181.03M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$173.19M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$174.47M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$91.01M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$87.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$93.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$185.78M	USD	2 Qtrs
Gross profit	`GrossProfit`	$200.16M	USD	2 Qtrs
Gross profit	`GrossProfit`	$102.42M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$172.67M	USD	2 Qtrs
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$86.73M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$148.37M	USD	2 Qtrs
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$73.58M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$14.04M	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$8.01M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$16.27M	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$7.50M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$94.74M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$162.41M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$81.08M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$188.94M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$11.22M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.42M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$7.68M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$23.37M	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	-	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$2.94M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.49M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.76M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.59M	USD	2 Qtrs
Interest expense	`InterestExpense`	$2.95M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.42M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$694.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.93M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.93M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.04M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.47M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$75.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.65M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$619.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.34M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.13M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.63M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.92M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.50	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.49	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	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`	$0.40	USD	2 Qtrs
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`	$0.40	USD	2 Qtrs
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.62M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.78M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.60M	shares	2 Qtrs
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.75M	shares	2 Qtrs
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.84M	shares	2 Qtrs
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.94M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.86M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.93M	shares	2 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$7.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$619.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$9.20M	USD	2 Qtrs
Depreciation	`Depreciation`	$9.94M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$11.88M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$17.35M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.58M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.78M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.18M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.34M	USD	2 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-254.00K	USD	2 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.57M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.93M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.49M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.86M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.63M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.76M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.08M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.60M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.37M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-5.21M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.57M	USD	2 Qtrs
Total operating	`IncreaseDecreaseInOperatingCapital`	$-11.28M	USD	2 Qtrs
Total operating	`IncreaseDecreaseInOperatingCapital`	$742.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.05M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-123.00K	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.78M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.67M	USD	2 Qtrs
Payments related to business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$256.45M	USD	2 Qtrs
Payments related to business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.10M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-264.12M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.89M	USD	2 Qtrs
Payments on senior credit agreement	`RepaymentsOfSeniorDebt`	-	USD	2 Qtrs
Payments on senior credit agreement	`RepaymentsOfSeniorDebt`	$4.38M	USD	2 Qtrs
Proceeds from senior credit agreement	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$19.00M	USD	2 Qtrs
Proceeds from senior credit agreement	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$253.01M	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`	$200.00K	USD	2 Qtrs
Payments related to contingent consideration	`PaymentsforContingentConsiderationRelatedtoBusinessAcquisition`	$2.42M	USD	2 Qtrs
Payments related to debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$5.56M	USD	2 Qtrs
Payments related to debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.41M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$11.03M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$11.09M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$209.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.46M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.06M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$215.34M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.22M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-306.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.12M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-49.21M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$62.22M	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`	$72.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$62.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.30M	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`	$72.50M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.54M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.56M	USD	Point-in-time

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