10-Q Filing

INTEGER HOLDINGS CORP CIK: 1114483 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001114483-15-000006`
Period End Date	20150331
Filing Date	20150512
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	gb-20150403.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 46 Cash Flow Statement 54 Stockholders Equity 12

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.47M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.82M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$67.02M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1.5 million in 2015 and $1.4 million in 2014	`AccountsReceivableNetCurrent`	$124.95M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1.5 million in 2015 and $1.4 million in 2014	`AccountsReceivableNetCurrent`	$110.43M	USD	Point-in-time
Inventories	`InventoryNet`	$137.99M	USD	Point-in-time
Inventories	`InventoryNet`	$129.24M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$1.72M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$4.11M	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
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.04M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.17M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.73M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$350.68M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$336.31M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	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
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$144.93M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$151.35M	USD	Point-in-time
Amortizing intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$65.34M	USD	Point-in-time
Amortizing intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$61.95M	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
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$20.29M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.55M	shares	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$20.29M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.10M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.50M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.07M	shares	Point-in-time
Goodwill	`Goodwill`	$354.39M	USD	Point-in-time
Goodwill	`Goodwill`	$354.06M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	28,362.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$2.63M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$2.70M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	50,981.00	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$20.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.76M	USD	Point-in-time
Total assets	`Assets`	$956.01M	USD	Point-in-time
Total assets	`Assets`	$946.72M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$46.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.07M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$428.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$588.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$588.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$30.86M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$48.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$87.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$108.66M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$176.25M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$172.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$52.36M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$53.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.95M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$342.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$318.25M	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 100,000,000 shares; no shares issued or outstanding in 2015 or 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 100,000,000 shares; no shares issued or outstanding in 2015 or 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, authorized 100,000,000 shares; 25,550,215 shares issued and 25,499,234 shares outstanding in 2015; 25,099,293 shares issued and 25,070,931 shares outstanding in 2014	`CommonStockValue`	$25.00K	USD	Point-in-time
Common stock, $0.001 par value, authorized 100,000,000 shares; 25,550,215 shares issued and 25,499,234 shares outstanding in 2015; 25,099,293 shares issued and 25,070,931 shares outstanding in 2014	`CommonStockValue`	$25.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$376.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$366.07M	USD	Point-in-time
Treasury stock, at cost, 50,981 shares in 2015 and 28,362 shares in 2014	`TreasuryStockValue`	$2.46M	USD	Point-in-time
Treasury stock, at cost, 50,981 shares in 2015 and 28,362 shares in 2014	`TreasuryStockValue`	$1.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$247.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$239.45M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.70M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.12M	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
Total stockholders equity	`StockholdersEquity`	$628.47M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$613.36M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$956.01M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$946.72M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$161.32M	USD	1 Quarter
Sales	`SalesRevenueNet`	$174.28M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$108.92M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$116.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$57.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$52.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$22.61M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$21.75M	USD	1 Quarter
Research, development and engineering costs, net	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$12.54M	USD	1 Quarter
Research, development and engineering costs, net	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$13.53M	USD	1 Quarter
Other operating expenses (income), net	`OtherOperatingIncomeExpenseNet`	$-7.86M	USD	1 Quarter
Other operating expenses (income), net	`OtherOperatingIncomeExpenseNet`	$214.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$35.07M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$43.01M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$9.39M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$22.52M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.12M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.08M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$621.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.55M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.82M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.06M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.14M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.61M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.22M	shares	1 Quarter
Net income	`NetIncomeLoss`	$14.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.18M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.82M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$1.18M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-1.82M	USD	1 Quarter
Net change in cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-600.00K	USD	1 Quarter
Net change in cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$77.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.26M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.42M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.58M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$16.18M	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$14.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.25M	USD	1 Quarter
Debt related amortization included in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$193.00K	USD	1 Quarter
Debt related amortization included in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$192.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.25M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.18M	USD	1 Quarter
Other non-cash gains, net	`OtherNoncashIncomeExpense`	$1.09M	USD	1 Quarter
Other non-cash gains, net	`OtherNoncashIncomeExpense`	$3.68M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-568.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-590.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.39M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.31M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-518.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$8.75M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.06M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.56M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-738.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.66M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-12.61M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-16.73M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.92M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.44M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.33M	USD	1 Quarter
Net cash provided by 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`	$15.38M	USD	1 Quarter
Proceeds from sale of orthopaedic product lines (Note 9)	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	-	USD	1 Quarter
Proceeds from sale of orthopaedic product lines (Note 9)	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$2.53M	USD	1 Quarter
Purchase of cost method investment	`SalePurchaseOfCostEquityMethodInvestments`	-	USD	1 Quarter
Purchase of cost method investment	`SalePurchaseOfCostEquityMethodInvestments`	$2.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.38M	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`	$2.50M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.44M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.21M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-855.00K	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`	$852.00K	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-608.00K	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-35.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.80M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.86M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.47M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.33M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$76.82M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$67.02M	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`	$38.33M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$76.82M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$67.02M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$628.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$613.36M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.25M	USD	1 Quarter
Net shares issued under stock incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.35M	USD	1 Quarter
Shares contributed to 401(k) Plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$3.92M	USD	1 Quarter
Shares contributed to 401(k) Plan	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$4.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.92M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Total other comprehensive loss, net	`OtherComprehensiveIncomeLossNetOfTax`	$1.26M	USD	1 Quarter
Total other comprehensive loss, net	`OtherComprehensiveIncomeLossNetOfTax`	$-2.42M	USD	1 Quarter
Balance	`StockholdersEquity`	$628.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$613.36M	USD	Point-in-time

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