10-Q Filing

INTEGER HOLDINGS CORP CIK: 1114483 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001114483-16-000024`
Period End Date	20160331
Filing Date	20160510
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	gb-20160401.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 44 Cash Flow Statement 62 Stockholders Equity 11

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.48M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$67.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.12M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1.0 million in 2016 and 2015	`AccountsReceivableNetCurrent`	$207.34M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1.0 million in 2016 and 2015	`AccountsReceivableNetCurrent`	$183.56M	USD	Point-in-time
Inventories	`InventoryNet`	$267.38M	USD	Point-in-time
Inventories	`InventoryNet`	$252.17M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$11.73M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$11.10M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.89M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$534.41M	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
Total current assets	`AssetsCurrent`	$574.60M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$379.49M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$381.46M	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
Amortizing intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$894.55M	USD	Point-in-time
Amortizing intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$893.98M	USD	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$90.29M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Indefinite-lived intangible assets	`IndefiniteLivedIntangibleAssetsExcludingGoodwill`	$90.29M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.66M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.91M	shares	Point-in-time
Goodwill	`Goodwill`	$1.01B	USD	Point-in-time
Goodwill	`Goodwill`	$979.50M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.77M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.59M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.60M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.54M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$26.62M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$29.24M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	134,587.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	62,952.00	shares	Point-in-time
Total assets	`Assets`	$2.98B	USD	Point-in-time
Total assets	`Assets`	$2.91B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$29.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$29.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$84.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.31M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.22M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.45M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$100.76M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$97.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$216.51M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$213.84M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.69B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.73B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$221.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$218.97M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$10.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.13B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.18B	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 100,000,000 shares; no shares issued or outstanding in 2016 or 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, authorized 100,000,000 shares; no shares issued or outstanding in 2016 or 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, authorized 100,000,000 shares; 30,909,429 shares issued and 30,774,842 shares outstanding in 2016; 30,664,119 shares issued and 30,601,167 shares outstanding in 2015.	`CommonStockValue`	$31.00K	USD	Point-in-time
Common stock, $0.001 par value, authorized 100,000,000 shares; 30,909,429 shares issued and 30,774,842 shares outstanding in 2016; 30,664,119 shares issued and 30,601,167 shares outstanding in 2015.	`CommonStockValue`	$31.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$620.47M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$627.34M	USD	Point-in-time
Treasury stock, at cost, 134,587 shares in 2016 and 62,952 shares in 2015	`TreasuryStockValue`	$5.88M	USD	Point-in-time
Treasury stock, at cost, 134,587 shares in 2016 and 62,952 shares in 2015	`TreasuryStockValue`	$3.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$231.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$90.47M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.37M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.12M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.70M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$20.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$850.62M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$732.46M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.98B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.91B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$161.32M	USD	1 Quarter
Sales	`SalesRevenueNet`	$332.24M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$240.77M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$108.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$52.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$91.47M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.89M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$22.61M	USD	1 Quarter
Research, development and engineering costs, net	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$17.31M	USD	1 Quarter
Research, development and engineering costs, net	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$12.54M	USD	1 Quarter
Other operating expenses, net	`OtherOperatingIncomeExpenseNet`	$-21.14M	USD	1 Quarter
Other operating expenses, net	`OtherOperatingIncomeExpenseNet`	$-7.86M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$43.01M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$80.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$9.39M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.13M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$27.62M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.12M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.72M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.55M	USD	1 Quarter
Income (loss) before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-12.76M	USD	1 Quarter
Income (loss) before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.82M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$1.81M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-102.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.66M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.41	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.41	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.26M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.72M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.72M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.22M	shares	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.66M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.82M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$18.76M	USD	1 Quarter
Net change in cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$367.00K	USD	1 Quarter
Net change in cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-600.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.42M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$19.13M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.58M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.47M	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-12.66M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.18M	USD	1 Quarter
Debt related amortization included in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$193.00K	USD	1 Quarter
Debt related amortization included in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$1.77M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.83M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.25M	USD	1 Quarter
Other non-cash gains, net	`OtherNoncashIncomeExpense`	$1.09M	USD	1 Quarter
Other non-cash gains, net	`OtherNoncashIncomeExpense`	$3.52M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-568.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.44M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.31M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.86M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$8.75M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.44M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.06M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.41M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-738.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.91M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$7.84M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-12.61M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$885.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.92M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.86M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.33M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.77M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.38M	USD	1 Quarter
Purchase of cost and equity method investments, net	`SalePurchaseOfCostEquityMethodInvestments`	$648.00K	USD	1 Quarter
Purchase of cost and equity method investments, net	`SalePurchaseOfCostEquityMethodInvestments`	$2.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-285.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.38M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.13M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$7.25M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$2.50M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$55.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$4.21M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$781.00K	USD	1 Quarter
Spin-off of cash and cash equivalents to Nuvectra Corporation	`CashandcashequivalentstransferredinSpinoff`	$76.26M	USD	1 Quarter
Spin-off of cash and cash equivalents to Nuvectra Corporation	`CashandcashequivalentstransferredinSpinoff`	-	USD	1 Quarter
Purchase of non-controlling interests	`PaymentsToMinorityShareholders`	$6.82M	USD	1 Quarter
Purchase of non-controlling interests	`PaymentsToMinorityShareholders`	-	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.98M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-855.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-40.09M	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`	$1.01M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.80M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-28.36M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$76.82M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$82.48M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$67.02M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.12M	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`	$82.48M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$67.02M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.12M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$850.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$732.46M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.83M	USD	1 Quarter
Net shares issued (acquired) under stock incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-3.98M	USD	1 Quarter
Spin-off of Nuvectra Corporation	`StockholdersEquityNoteSpinoffTransaction`	$-123.49M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-12.66M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.01M	USD	1 Quarter
Total other comprehensive income, net	`OtherComprehensiveIncomeLossNetOfTax`	$-2.42M	USD	1 Quarter
Total other comprehensive income, net	`OtherComprehensiveIncomeLossNetOfTax`	$19.13M	USD	1 Quarter
Balance	`StockholdersEquity`	$850.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$732.46M	USD	Point-in-time

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