10-Q Filing

INTEGER HOLDINGS CORP CIK: 1114483 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001114483-18-000014`
Period End Date	20180331
Filing Date	20180504
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	gb-20180330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 46 Cash Flow Statement 62 Stockholders Equity 10

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.49M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$700.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$800.00K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0.7 million and $0.8 million, respectively	`AccountsReceivableNetCurrent`	$242.46M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $0.7 million and $0.8 million, respectively	`AccountsReceivableNetCurrent`	$242.22M	USD	Point-in-time
Inventories	`InventoryNet`	$239.49M	USD	Point-in-time
Inventories	`InventoryNet`	$227.53M	USD	Point-in-time
Refundable income taxes	`IncomeTaxReceivable`	$37.00K	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`	$494.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.79M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.07M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.98M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.14M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$528.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$531.91M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.01M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$370.38M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$367.66M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.87M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	127,116.00	shares	Point-in-time
Goodwill	`Goodwill`	$995.20M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	106,526.00	shares	Point-in-time
Goodwill	`Goodwill`	$990.24M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$920.39M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$914.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNet`	$4.15M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNet`	$4.39M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$36.65M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$31.28M	USD	Point-in-time
Total assets	`Assets`	$2.85B	USD	Point-in-time
Total assets	`Assets`	$2.85B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$30.47M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$32.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$104.37M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$12.55M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$13.48M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$81.54M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$74.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$209.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$224.73M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.53B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.58B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$145.36M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$150.58M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$22.42M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$21.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.93B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.95B	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 32,138,402 and 31,977,953 shares issued, respectively; 32,011,286 and 31,871,427 shares outstanding, respectively	`CommonStockValue`	$32.00K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 32,138,402 and 31,977,953 shares issued, respectively; 32,011,286 and 31,871,427 shares outstanding, respectively	`CommonStockValue`	$32.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$669.76M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$673.11M	USD	Point-in-time
Treasury stock, at cost, 127,116 and 106,526 shares, respectively	`TreasuryStockValue`	$5.96M	USD	Point-in-time
Treasury stock, at cost, 127,116 and 106,526 shares, respectively	`TreasuryStockValue`	$4.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$184.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$176.07M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$69.03M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.71M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$52.18M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$920.39M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$893.38M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.85B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.85B	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$345.41M	USD	1 Quarter
Sales	`SalesRevenueNet`	$381.75M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$285.98M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$254.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$91.23M	USD	1 Quarter
Gross profit	`GrossProfit`	$95.77M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.24M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$39.50M	USD	1 Quarter
Research, development and engineering costs	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$13.41M	USD	1 Quarter
Research, development and engineering costs	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$14.54M	USD	1 Quarter
Other operating expenses	`OtherOperatingIncomeExpenseNet`	$-11.77M	USD	1 Quarter
Other operating expenses	`OtherOperatingIncomeExpenseNet`	$-5.28M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$64.68M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$61.05M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$34.72M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$26.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$28.89M	USD	1 Quarter
Interest expense	`InterestExpense`	$26.45M	USD	1 Quarter
(Gain) loss on cost and equity method investments, net	`CostAndEquityMethodInvestmentsRealizedGainLoss`	$-398.00K	USD	1 Quarter
(Gain) loss on cost and equity method investments, net	`CostAndEquityMethodInvestmentsRealizedGainLoss`	$4.97M	USD	1 Quarter
Other loss, net	`OtherNonoperatingIncomeExpense`	$-1.45M	USD	1 Quarter
Other loss, net	`OtherNonoperatingIncomeExpense`	$-1.03M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.20M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.21M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.09M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$144.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.12M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.34M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.02M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.02M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.42M	shares	1 Quarter
Net income (loss)	`NetIncomeLoss`	$8.12M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.34M	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$6.54M	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$13.44M	USD	1 Quarter
Net change in cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.75M	USD	1 Quarter
Net change in cash flow hedges, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$3.41M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$16.85M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$8.29M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$24.97M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.95M	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$8.12M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.33M	USD	1 Quarter
Debt related amortization included in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$3.44M	USD	1 Quarter
Debt related amortization included in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$2.87M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.22M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.67M	USD	1 Quarter
Non-cash (gain) loss on cost and equity method investments	`NonCashCostAndEquityMethodInvestmentsRealizedGainLoss`	$-398.00K	USD	1 Quarter
Non-cash (gain) loss on cost and equity method investments	`NonCashCostAndEquityMethodInvestmentsRealizedGainLoss`	$4.97M	USD	1 Quarter
Other non-cash losses	`OtherNoncashIncomeExpense`	$-123.00K	USD	1 Quarter
Other non-cash losses	`OtherNoncashIncomeExpense`	$-1.10M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.18M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.01M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$11.44M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.96M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.85M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.81M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.47M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.15M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$4.40M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-6.03M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.76M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.57M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.62M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$46.12M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.96M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.79M	USD	1 Quarter
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$459.00K	USD	1 Quarter
Proceeds from Sale of Property, Plant, and Equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$898.00K	USD	1 Quarter
Purchase of cost and equity method investments	`SalePurchaseOfCostEquityMethodInvestments`	-	USD	1 Quarter
Purchase of cost and equity method investments	`SalePurchaseOfCostEquityMethodInvestments`	$260.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.59M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.06M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$79.15M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$50.03M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$50.00M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.45M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.01M	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.79M	USD	1 Quarter
Withholding tax paid related to stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.19M	USD	1 Quarter
Withholding tax paid related to stock-based compensation	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.49M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-51.21M	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$219.00K	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$545.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.77M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.61M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.10M	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`	$52.12M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.49M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.10M	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`	$52.12M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.49M	USD	Point-in-time
Property, plant and equipment purchases included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$2.01M	USD	1 Quarter
Property, plant and equipment purchases included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$3.24M	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$920.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$893.38M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$8.12M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.34M	USD	1 Quarter
Other comprehensive income, net	`OtherComprehensiveIncomeLossNetOfTax`	$16.85M	USD	1 Quarter
Other comprehensive income, net	`OtherComprehensiveIncomeLossNetOfTax`	$8.29M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.22M	USD	1 Quarter
Net shares issued	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-1.18M	USD	1 Quarter
Balance	`StockholdersEquity`	$920.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$893.38M	USD	Point-in-time

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