10-Q Filing

CONMED CORP CIK: 816956 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000816956-18-000007`
Period End Date	20180331
Filing Date	20180426
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	cnmd-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 34 Cash Flow Statement 58

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`	$34.66M	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`	$32.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.13M	USD	Point-in-time
Common stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$167.04M	USD	Point-in-time
Common stock, par value (dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$157.81M	USD	Point-in-time
Inventories	`InventoryNet`	$141.44M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$145.79M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.69M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.65M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$356.78M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	3.27M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$342.38M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	3.34M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$115.69M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$116.23M	USD	Point-in-time
Goodwill	`Goodwill`	$401.86M	USD	Point-in-time
Goodwill	`Goodwill`	$401.95M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$414.94M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$419.66M	USD	Point-in-time
Other assets	`OtherAssets`	$70.45M	USD	Point-in-time
Other assets	`OtherAssets`	$68.06M	USD	Point-in-time
Total assets	`Assets`	$1.36B	USD	Point-in-time
Total assets	`Assets`	$1.35B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$15.79M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$14.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$49.97M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$34.26M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$27.35M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$66.19M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$59.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$150.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$159.30M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$471.74M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$442.41M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$77.67M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$78.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$27.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$27.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$707.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$726.53M	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 2018 and 2017, 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 2018 and 2017, respectively	`CommonStockValue`	$313.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$333.80M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$334.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$445.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$440.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-46.33M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-49.08M	USD	Point-in-time
Less: 3,266,734 and 3,338,015 shares of common stock in treasury, at cost in 2018 and 2017, respectively	`TreasuryStockValue`	$93.68M	USD	Point-in-time
Less: 3,266,734 and 3,338,015 shares of common stock in treasury, at cost in 2018 and 2017, respectively	`TreasuryStockValue`	$91.68M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$631.43M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$642.63M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.35B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$186.57M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$202.06M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$86.68M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$92.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$99.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$109.56M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$84.57M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$94.76M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$7.71M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$7.62M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$102.38M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$92.28M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$17.28M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-2.49M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.82M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.12M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.61M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.46M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$1.80M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-2.07M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$10.66M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.54M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-924.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$13.40M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.16	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.37	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`	28.01M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.87M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.57M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.87M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$10.66M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.54M	USD	1 Quarter
Depreciation	`Depreciation`	$4.50M	USD	1 Quarter
Depreciation	`Depreciation`	$4.87M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$9.06M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$10.75M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.30M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.96M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-736.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.27M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.14M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.24M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.62M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.37M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.01M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.05M	USD	1 Quarter
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-8.66M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$9.76M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.16M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$12.98M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$821.00K	USD	1 Quarter
Total operating	`IncreaseDecreaseInOperatingCapital`	$-14.37M	USD	1 Quarter
Total operating	`IncreaseDecreaseInOperatingCapital`	$-19.84M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.02M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.78M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.58M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.78M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.58M	USD	1 Quarter
Payments on term loan	`RepaymentsOfLongTermDebt`	$3.28M	USD	1 Quarter
Payments on term loan	`RepaymentsOfLongTermDebt`	$2.19M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$49.00M	USD	1 Quarter
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$36.00M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$38.00M	USD	1 Quarter
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$24.00M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$5.57M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$5.59M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-512.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$577.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-33.30M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.27M	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`	$566.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.49M	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`	$34.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.62M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.13M	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`	$27.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.13M	USD	Point-in-time
Contractual obligations from asset acquisition	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	-	USD	1 Quarter
Contractual obligations from asset acquisition	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	$10.00M	USD	1 Quarter
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.61M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.57M	USD	Point-in-time

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