10-Q Filing

CONMED CORP CIK: 816956 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0000816956-18-000011`
Period End Date	20180630
Filing Date	20180802
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	cnmd-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 68 Cash Flow Statement 62

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`	$27.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.62M	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`	$40.14M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$161.69M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$167.04M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$141.44M	USD	Point-in-time
Inventories	`InventoryNet`	$143.41M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	31.30M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.69M	USD	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
Total current assets	`AssetsCurrent`	$356.78M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	3.34M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	3.19M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$347.40M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$116.23M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$114.96M	USD	Point-in-time
Goodwill	`Goodwill`	$401.95M	USD	Point-in-time
Goodwill	`Goodwill`	$401.10M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$414.94M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$429.90M	USD	Point-in-time
Other assets	`OtherAssets`	$68.06M	USD	Point-in-time
Other assets	`OtherAssets`	$70.37M	USD	Point-in-time
Total assets	`Assets`	$1.36B	USD	Point-in-time
Total assets	`Assets`	$1.36B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$16.95M	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`	$52.12M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$31.66M	USD	Point-in-time
Accrued compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$34.26M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$59.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$75.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$176.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$150.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$471.74M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$432.24M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$80.09M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$77.67M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$26.55M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$27.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$726.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$715.54M	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`	$336.56M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$333.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$440.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$448.68M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-49.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-47.74M	USD	Point-in-time
Less: 3,192,917 and 3,338,015 shares of common stock in treasury, at cost in 2018 and 2017, respectively	`TreasuryStockValue`	$89.61M	USD	Point-in-time
Less: 3,192,917 and 3,338,015 shares of common stock in treasury, at cost in 2018 and 2017, respectively	`TreasuryStockValue`	$93.68M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$648.19M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$631.43M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$212.82M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$197.15M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$383.72M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$414.88M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$179.18M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$96.55M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$189.06M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$92.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$225.83M	USD	2 Qtrs
Gross profit	`GrossProfit`	$104.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$204.54M	USD	2 Qtrs
Gross profit	`GrossProfit`	$116.27M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$83.83M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$89.60M	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$174.17M	USD	2 Qtrs
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$178.59M	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$17.70M	USD	2 Qtrs
Research and development expense	`ResearchAndDevelopmentExpense`	$8.04M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$9.98M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$15.66M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$99.59M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$191.87M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$194.25M	USD	2 Qtrs
Operating expenses	`OperatingExpenses`	$91.87M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.29M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$16.68M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$33.96M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$12.78M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.09M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.52M	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.91M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.05M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.59M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.77M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.67M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$177.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.25M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.87M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.59M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$19.38M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.14M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.14M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.31M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.22M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$20.71M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.06	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.69	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.06	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
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`	27.89M	shares	2 Qtrs
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.07M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.06M	shares	2 Qtrs
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.89M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.74M	shares	2 Qtrs
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.85M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.14M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.09M	shares	2 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.59M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$19.38M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.14M	USD	1 Quarter
Depreciation	`Depreciation`	$9.01M	USD	2 Qtrs
Depreciation	`Depreciation`	$9.76M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$18.44M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$21.49M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.22M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$4.95M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.28M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$118.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.51M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.01M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-572.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$9.98M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.39M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-7.23M	USD	2 Qtrs
Accrued compensation and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.37M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$15.01M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$16.31M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$12.56M	USD	2 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.09M	USD	2 Qtrs
Total operating	`IncreaseDecreaseInOperatingCapital`	$-26.27M	USD	2 Qtrs
Total operating	`IncreaseDecreaseInOperatingCapital`	$-29.73M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$31.33M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.65M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.29M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.53M	USD	2 Qtrs
Payments to Acquire Businesses Net of Cash Acquired and Asset Acquisitions	`PaymentstoAcquireBusinessesNetofCashAcquiredandAssetAcquisitions`	$1.76M	USD	2 Qtrs
Payments to Acquire Businesses Net of Cash Acquired and Asset Acquisitions	`PaymentstoAcquireBusinessesNetofCashAcquiredandAssetAcquisitions`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.29M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.29M	USD	2 Qtrs
Payments on term loan	`RepaymentsOfLongTermDebt`	$4.38M	USD	2 Qtrs
Payments on term loan	`RepaymentsOfLongTermDebt`	$6.56M	USD	2 Qtrs
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$68.00M	USD	2 Qtrs
Payments on revolving line of credit	`RepaymentsOfLinesOfCredit`	$87.00M	USD	2 Qtrs
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$71.00M	USD	2 Qtrs
Proceeds from revolving line of credit	`ProceedsFromLinesOfCredit`	$57.00M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$11.20M	USD	2 Qtrs
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$11.14M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.22M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$684.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.73M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-47.08M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-500.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.41M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$12.71M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.22M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.40M	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`	$40.14M	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`	$23.40M	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`	$40.14M	USD	Point-in-time
Contractual obligations from asset acquisition	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	$25.85M	USD	2 Qtrs
Contractual obligations from asset acquisition	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	-	USD	2 Qtrs
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.58M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$5.62M	USD	Point-in-time

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