10-Q Filing

CONMED CORP CIK: 816956 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000816956-17-000004`
Period End Date	20170331
Filing Date	20170427
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	cnmd-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 36 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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	500,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.50M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.89M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$148.24M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$139.85M	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 (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$135.87M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$140.08M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.97M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.91M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	3.47M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$333.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$330.51M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	3.43M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$119.74M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$122.03M	USD	Point-in-time
Goodwill	`Goodwill`	$398.15M	USD	Point-in-time
Goodwill	`Goodwill`	$397.66M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$419.55M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$414.77M	USD	Point-in-time
Other assets	`OtherAssets`	$61.86M	USD	Point-in-time
Other assets	`OtherAssets`	$59.23M	USD	Point-in-time
Total assets	`Assets`	$1.33B	USD	Point-in-time
Total assets	`Assets`	$1.33B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.30M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$41.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$46.86M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$32.04M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$24.62M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$42.67M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$30.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$113.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$125.44M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$487.05M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$488.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$114.36M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$119.14M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$25.66M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$27.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$748.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$752.50M	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 2017 and 2016, 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 2017 and 2016, respectively	`CommonStockValue`	$313.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$329.69M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$329.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$406.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$396.81M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-58.53M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-54.91M	USD	Point-in-time
Less: 3,434,513 and 3,471,121 shares of common stock in treasury, at cost in 2017 and 2016, respectively	`TreasuryStockValue`	$96.39M	USD	Point-in-time
Less: 3,434,513 and 3,471,121 shares of common stock in treasury, at cost in 2017 and 2016, respectively	`TreasuryStockValue`	$97.42M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$575.52M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$580.58M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.33B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.33B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$186.57M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$181.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$86.68M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$83.46M	USD	1 Quarter
Gross profit	`GrossProfit`	$99.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$97.74M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$85.94M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$94.76M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$8.26M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$7.62M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$94.20M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$102.38M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-2.49M	USD	1 Quarter
Income (loss) 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`	$3.83M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.12M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.23M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.61M	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-2.07M	USD	1 Quarter
Benefit from income taxes	`IncomeTaxExpenseBenefit`	$-968.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.54M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$787.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-924.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.16	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`	$-0.16	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`	27.87M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.72M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.72M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.87M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.27M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.54M	USD	1 Quarter
Depreciation	`Depreciation`	$4.99M	USD	1 Quarter
Depreciation	`Depreciation`	$4.87M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$8.27M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$9.06M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.49M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.96M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.27M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.94M	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`	$-10.24M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.43M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.37M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.24M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.11M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.20M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.66M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.52M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.16M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$17.14M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$12.98M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.77M	USD	1 Quarter
Total operating	`IncreaseDecreaseInOperatingCapital`	$-19.84M	USD	1 Quarter
Total operating	`IncreaseDecreaseInOperatingCapital`	$14.29M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-16.56M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.30M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.79M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.58M	USD	1 Quarter
Payments related to business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$256.42M	USD	1 Quarter
Payments related to business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-259.21M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.58M	USD	1 Quarter
Payments on term loan	`RepaymentsOfLongTermDebt`	$2.19M	USD	1 Quarter
Payments on term loan	`RepaymentsOfLongTermDebt`	$2.19M	USD	1 Quarter
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	$175.00M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$38.00M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$137.00M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$58.99M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$36.00M	USD	1 Quarter
Payments related to distribution agreement	`PaymentsForContingentPayments`	-	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`	$5.57M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$5.54M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-512.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-612.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.27M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$222.44M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$784.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$721.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-52.61M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.23M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.43M	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`	$34.66M	USD	Point-in-time
Cash and cash equivalents at beginning 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`	$27.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.89M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.57M	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.