10-Q Filing

INTEGER HOLDINGS CORP CIK: 1114483 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001114483-14-000012`
Period End Date	20140331
Filing Date	20140513
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	gb-20140414.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 46 Cash Flow Statement 58 Stockholders Equity 12

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.14M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.28M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2.0 million in 2014 and 2013	`AccountsReceivableNetCurrent`	$117.22M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2.0 million in 2014 and 2013	`AccountsReceivableNetCurrent`	$113.68M	USD	Point-in-time
Inventories	`InventoryNet`	$118.36M	USD	Point-in-time
Inventories	`InventoryNet`	$118.08M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	-	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$2.31M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.01M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.97M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.72M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.17M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$284.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$282.53M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$145.19M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$145.77M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Amortizing intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$76.12M	USD	Point-in-time
Amortizing intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$72.92M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.46M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.84M	shares	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$20.29M	USD	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$20.29M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.82M	shares	Point-in-time
Goodwill	`Goodwill`	$347.25M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.42M	shares	Point-in-time
Goodwill	`Goodwill`	$346.66M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	16,305.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	36,598.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$2.93M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$2.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$16.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.02M	USD	Point-in-time
Total assets	`Assets`	$890.70M	USD	Point-in-time
Total assets	`Assets`	$890.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$46.51M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.89M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$613.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$619.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$44.68M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$24.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$70.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.80M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$195.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$197.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$51.44M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$52.01M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.33M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$348.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$323.56M	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 100,000,000 shares; no shares issued or outstanding in 2014 or 2013	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 100,000,000 shares; no shares issued or outstanding in 2014 or 2013	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, authorized 100,000,000 shares; 24,836,970 shares issued and 24,820,665 shares outstanding in 2014; 24,459,153 shares issued and 24,422,555 shares outstanding in 2013	`CommonStockValue`	$25.00K	USD	Point-in-time
Common stock, $0.001 par value, authorized 100,000,000 shares; 24,836,970 shares issued and 24,820,665 shares outstanding in 2014; 24,459,153 shares issued and 24,422,555 shares outstanding in 2013	`CommonStockValue`	$24.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$352.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$344.92M	USD	Point-in-time
Treasury stock, at cost, 16,305 shares in 2014 and 36,598 shares in 2013	`TreasuryStockValue`	$720.00K	USD	Point-in-time
Treasury stock, at cost, 16,305 shares in 2014 and 36,598 shares in 2013	`TreasuryStockValue`	$1.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$183.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$198.91M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$15.62M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$14.36M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.75M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$12.95M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$566.82M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$542.05M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$890.38M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$890.70M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$174.28M	USD	1 Quarter
Sales	`SalesRevenueNet`	$148.26M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$99.52M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$116.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$48.75M	USD	1 Quarter
Gross profit	`GrossProfit`	$57.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$21.75M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$20.09M	USD	1 Quarter
Research, development and engineering costs, net	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$11.08M	USD	1 Quarter
Research, development and engineering costs, net	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$13.53M	USD	1 Quarter
Other operating (income) expenses, net	`OtherOperatingIncomeExpenseNet`	$-3.24M	USD	1 Quarter
Other operating (income) expenses, net	`OtherOperatingIncomeExpenseNet`	$214.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$35.07M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$34.41M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$22.52M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$14.34M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.99M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.08M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingExpense`	$285.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingExpense`	$-621.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.06M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.07M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.14M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.92M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.61M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.75M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.41M	shares	1 Quarter
Net income	`NetIncomeLoss`	$5.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.92M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.06M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.18M	USD	1 Quarter
Net change in cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$269.00K	USD	1 Quarter
Net change in cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$77.00K	USD	1 Quarter
Defined benefit plan liability adjustment, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$597.00K	USD	1 Quarter
Defined benefit plan liability adjustment, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.26M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$16.18M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.47M	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.76M	USD	1 Quarter
Debt related amortization included in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$192.00K	USD	1 Quarter
Debt related amortization included in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$5.76M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.43M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.18M	USD	1 Quarter
Other non-cash gains	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.68M	USD	1 Quarter
Other non-cash gains	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-930.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-29.21M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-590.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.90M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.39M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-518.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$12.07M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.56M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-80.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.66M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-512.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-13.92M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-16.73M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$30.25M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.44M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.59M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.00M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.97M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.75M	USD	1 Quarter
Proceeds from sale of orthopaedic product lines (Note 8)	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$1.77M	USD	1 Quarter
Proceeds from sale of orthopaedic product lines (Note 8)	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$2.53M	USD	1 Quarter
Purchase of cost and equity method investments	`SalePurchaseOfCostEquityMethodInvestments`	-	USD	1 Quarter
Purchase of cost and equity method investments	`SalePurchaseOfCostEquityMethodInvestments`	$810.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-8.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.78M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.44M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$2.50M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$205.78M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$208.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.19M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.44M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-81.00K	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.61M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-663.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.32M	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-35.00K	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-88.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.86M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.14M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.33M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.47M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.28M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.33M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.47M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.28M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$566.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$542.05M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.16M	USD	1 Quarter
Net shares issued under stock incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.08M	USD	1 Quarter
Shares contributed to 401(k)	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$2.48M	USD	1 Quarter
Shares contributed to 401(k)	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$4.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.92M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.26M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.20M	USD	1 Quarter
Balance	`StockholdersEquity`	$566.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$542.05M	USD	Point-in-time

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