10-Q Filing

INTEGER HOLDINGS CORP CIK: 1114483 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001114483-17-000009`
Period End Date	20170331
Filing Date	20170509
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	gb-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 44 Cash Flow Statement 62 Stockholders Equity 12

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.12M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$700.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.88M	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`	$54.12M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1.0 million and $0.7 million, respectively	`AccountsReceivableNetCurrent`	$204.63M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1.0 million and $0.7 million, respectively	`AccountsReceivableNetCurrent`	$213.61M	USD	Point-in-time
Inventories	`InventoryNet`	$225.15M	USD	Point-in-time
Inventories	`InventoryNet`	$231.29M	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
Refundable income taxes	`IncomeTaxReceivable`	$7.68M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$13.39M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.03M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$517.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$528.13M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.06M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.40M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.30M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$371.93M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.93M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$372.04M	USD	Point-in-time
Goodwill	`Goodwill`	$967.33M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	103,153.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	133,542.00	shares	Point-in-time
Goodwill	`Goodwill`	$969.41M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$940.06M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$931.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.97M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.98M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$31.84M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$31.84M	USD	Point-in-time
Total assets	`Assets`	$2.83B	USD	Point-in-time
Total assets	`Assets`	$2.84B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$34.17M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$31.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$90.71M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$77.90M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.70M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.87M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$75.36M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$72.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$185.22M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.67B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.70B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$208.58M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$208.54M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$14.69M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$15.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.11B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.10B	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 31,401,759 and 31,059,038 shares issued, respectively; 31,298,606 and 30,925,496 shares outstanding, respectively	`CommonStockValue`	$31.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 31,401,759 and 31,059,038 shares issued, respectively; 31,298,606 and 30,925,496 shares outstanding, respectively	`CommonStockValue`	$31.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$637.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$647.80M	USD	Point-in-time
Treasury stock, at cost, 103,153 and 133,542 shares, respectively	`TreasuryStockValue`	$5.83M	USD	Point-in-time
Treasury stock, at cost, 103,153 and 133,542 shares, respectively	`TreasuryStockValue`	$4.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$105.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$109.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.37M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$20.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.71M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$740.66M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$725.24M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.84B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.83B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$345.41M	USD	1 Quarter
Sales	`SalesRevenueNet`	$332.24M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$254.19M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$240.77M	USD	1 Quarter
Gross profit	`GrossProfit`	$91.23M	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`	$39.50M	USD	1 Quarter
Research, development and engineering costs, net	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$13.41M	USD	1 Quarter
Research, development and engineering costs, net	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$17.31M	USD	1 Quarter
Other operating expenses, net	`OtherOperatingIncomeExpenseNet`	$-21.14M	USD	1 Quarter
Other operating expenses, net	`OtherOperatingIncomeExpenseNet`	$-11.77M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$64.68M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$80.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.13M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$26.55M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$28.89M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$27.62M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-1.85M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$3.72M	USD	1 Quarter
Loss before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-12.76M	USD	1 Quarter
Loss before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.20M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$144.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-102.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-12.66M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.34M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.41	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.41	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	30.72M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.02M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.72M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.02M	shares	1 Quarter
Net loss	`NetIncomeLoss`	$-12.66M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.34M	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$18.76M	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$6.54M	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`	$1.75M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$8.29M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$19.13M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.47M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.95M	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.66M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$22.41M	USD	1 Quarter
Debt related amortization included in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$3.44M	USD	1 Quarter
Debt related amortization included in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$1.77M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.67M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.83M	USD	1 Quarter
Other non-cash (gains) losses	`OtherNoncashIncomeExpense`	$-1.50M	USD	1 Quarter
Other non-cash (gains) losses	`OtherNoncashIncomeExpense`	$3.52M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.44M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.70M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.86M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.96M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.44M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.41M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.85M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.15M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.91M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$4.40M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$7.84M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.76M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$885.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.62M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.86M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.33M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.77M	USD	1 Quarter
Purchase of cost and equity method investments	`SalePurchaseOfCostEquityMethodInvestments`	$260.00K	USD	1 Quarter
Purchase of cost and equity method investments	`SalePurchaseOfCostEquityMethodInvestments`	$648.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-285.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.59M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.13M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$79.15M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$7.25M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$55.00M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$50.00M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.45M	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.79M	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$781.00K	USD	1 Quarter
Distribution of cash and cash equivalents to Nuvectra Corporation	`CashandcashequivalentstransferredinSpinoff`	-	USD	1 Quarter
Distribution of cash and cash equivalents to Nuvectra Corporation	`CashandcashequivalentstransferredinSpinoff`	$76.26M	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`	-	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.98M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.49M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-40.09M	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.01M	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$219.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-28.36M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.77M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$52.12M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.88M	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`	$54.12M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$52.12M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.88M	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`	$54.12M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$740.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$725.24M	USD	Point-in-time
Cumulative effect adjustment of the adoption of ASU 2016-09	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-510.00K	USD	Point-in-time
Balance, adjusted	`StockholdersEquityAttributableToParentAdjustedBalance`	$724.73M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-12.66M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.34M	USD	1 Quarter
Other comprehensive income, net	`OtherComprehensiveIncomeLossNetOfTax`	$8.29M	USD	1 Quarter
Other comprehensive income, net	`OtherComprehensiveIncomeLossNetOfTax`	$19.13M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.67M	USD	1 Quarter
Net shares issued	`StockIssuedDuringPeriodValueShareBasedCompensation`	$7.31M	USD	1 Quarter
Balance	`StockholdersEquity`	$740.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$725.24M	USD	Point-in-time

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