10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-13-437178 |
| Period End Date | 20130930 |
| Filing Date | 20131112 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | tech-20130930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Trade accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$428.00K | USD | Point-in-time |
| Trade accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$467.00K | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$83.86M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$130.81M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$163.79M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$116.67M | USD | Point-in-time |
| Short-term available-for-sale investments |
AvailableForSaleSecuritiesCurrent
|
$169.15M | USD | Point-in-time |
| Short-term available-for-sale investments |
AvailableForSaleSecuritiesCurrent
|
$100.84M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
36.83M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
36.85M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
36.85M | shares | Point-in-time |
| Trade accounts receivable, less allowance for doubtful accounts of $467 and $428, respectively |
AccountsReceivableNetCurrent
|
$38.18M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
36.83M | shares | Point-in-time |
| Trade accounts receivable, less allowance for doubtful accounts of $467 and $428, respectively |
AccountsReceivableNetCurrent
|
$42.24M | USD | Point-in-time |
| Other receivables |
OtherReceivablesNetCurrent
|
$1.93M | USD | Point-in-time |
| Other receivables |
OtherReceivablesNetCurrent
|
$1.99M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
- | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$9.53M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$39.96M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$34.88M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$1.53M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$2.29M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$280.64M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$409.52M | USD | Point-in-time |
| Available-for-sale investments |
AvailableForSaleSecuritiesNoncurrent
|
$138.48M | USD | Point-in-time |
| Available-for-sale investments |
AvailableForSaleSecuritiesNoncurrent
|
$132.38M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$113.36M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$108.76M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$143.80M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$84.34M | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$40.55M | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$100.52M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$2.56M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$2.49M | USD | Point-in-time |
| Assets, Total |
Assets
|
$779.29M | USD | Point-in-time |
| Assets, Total |
Assets
|
$778.10M | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableCurrent
|
$6.66M | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableCurrent
|
$6.24M | USD | Point-in-time |
| Salaries, wages and related accruals |
EmployeeRelatedLiabilitiesCurrent
|
$4.03M | USD | Point-in-time |
| Salaries, wages and related accruals |
EmployeeRelatedLiabilitiesCurrent
|
$6.41M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$9.60M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$4.24M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$2.97M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$2.28M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesCurrent
|
$9.94M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesCurrent
|
- | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$20.28M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$32.08M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$8.47M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$32.25M | USD | Point-in-time |
| Common stock, par value $.01 per share; authorized 100,000,000; issued and outstanding 36,852,781 and 36,834,678, respectively |
CommonStockValue
|
$368.00K | USD | Point-in-time |
| Common stock, par value $.01 per share; authorized 100,000,000; issued and outstanding 36,852,781 and 36,834,678, respectively |
CommonStockValue
|
$369.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$134.90M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$136.61M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$604.10M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$587.73M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$14.55M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-14.32M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$726.76M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$737.54M | USD | Point-in-time |
| Liabilities and Equity, Total |
LiabilitiesAndStockholdersEquity
|
$779.29M | USD | Point-in-time |
| Liabilities and Equity, Total |
LiabilitiesAndStockholdersEquity
|
$778.10M | USD | Point-in-time |
Income Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$85.67M | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$75.03M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$19.44M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$24.55M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$61.11M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$55.58M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$10.33M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$14.02M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
$7.45M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
$7.70M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$21.72M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$17.78M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$37.80M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$39.39M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeNet
|
$661.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeNet
|
$567.00K | USD | 1 Quarter |
| Other non-operating expense, net |
OtherNonoperatingIncomeExpense
|
$-304.00K | USD | 1 Quarter |
| Other non-operating expense, net |
OtherNonoperatingIncomeExpense
|
$-478.00K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$183.00K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$263.00K | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$37.99M | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$39.65M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$12.32M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$12.23M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$25.67M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$27.43M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$7.90M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$3.92M | USD | 1 Quarter |
| Unrealized losses on available-for-sale investments, net of tax of ($17,396) and ($7,589), respectively |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-36.78M | USD | 1 Quarter |
| Unrealized losses on available-for-sale investments, net of tax of ($17,396) and ($7,589), respectively |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-13.56M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossNetOfTax
|
$-28.87M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossNetOfTax
|
$-9.63M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$-1.45M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$16.03M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.70 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.74 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.70 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.74 | USD | 1 Quarter |
| Cash dividends per common share: |
CommonStockDividendsPerShareCashPaid
|
$0.30 | USD | 1 Quarter |
| Cash dividends per common share: |
CommonStockDividendsPerShareCashPaid
|
$0.28 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
36.83M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
36.84M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
36.90M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
36.93M | shares | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$25.67M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$27.43M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$4.09M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$3.10M | USD | 1 Quarter |
| Costs recognized on sale of acquired inventory |
FairValueWriteUpOfAcquiredInventory
|
$1.26M | USD | 1 Quarter |
| Costs recognized on sale of acquired inventory |
FairValueWriteUpOfAcquiredInventory
|
$1.73M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-777.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-1.33M | USD | 1 Quarter |
| Stock-based compensation expense |
StockOptionPlanExpense
|
$303.00K | USD | 1 Quarter |
| Stock-based compensation expense |
StockOptionPlanExpense
|
$569.00K | USD | 1 Quarter |
| Excess tax benefit from stock option exercises |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$1.00K | USD | 1 Quarter |
| Excess tax benefit from stock option exercises |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$4.00K | USD | 1 Quarter |
| Losses by equity method investees |
IncomeLossFromEquityMethodInvestments
|
$-41.00K | USD | 1 Quarter |
| Losses by equity method investees |
IncomeLossFromEquityMethodInvestments
|
- | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$-107.00K | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$-124.00K | USD | 1 Quarter |
| Trade accounts and other receivables |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$-1.05M | USD | 1 Quarter |
| Trade accounts and other receivables |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$106.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$1.08M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$296.00K | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$252.00K | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$305.00K | USD | 1 Quarter |
| Trade accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-828.00K | USD | 1 Quarter |
| Trade accounts payable and accrued expenses |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$218.00K | USD | 1 Quarter |
| Salaries, wages and related accruals |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$1.42M | USD | 1 Quarter |
| Salaries, wages and related accruals |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$400.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$91.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-782.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$29.26M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$32.59M | USD | 1 Quarter |
| Acquisition, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Acquisition, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$103.05M | USD | 1 Quarter |
| Purchase of available-for-sale investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$27.01M | USD | 1 Quarter |
| Purchase of available-for-sale investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$21.12M | USD | 1 Quarter |
| Proceeds from sales of available-for-sale investments |
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
$12.70M | USD | 1 Quarter |
| Proceeds from sales of available-for-sale investments |
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
$6.20M | USD | 1 Quarter |
| Proceeds from maturities of available-for-sale investments |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$11.60M | USD | 1 Quarter |
| Proceeds from maturities of available-for-sale investments |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$16.09M | USD | 1 Quarter |
| Additions to property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.81M | USD | 1 Quarter |
| Additions to property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.52M | USD | 1 Quarter |
| Distribution from unconsolidated entity |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
- | USD | 1 Quarter |
| Distribution from unconsolidated entity |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$85.00K | USD | 1 Quarter |
| Increase in other long-term assets |
PaymentsForProceedsFromOtherInvestingActivities
|
$138.00K | USD | 1 Quarter |
| Increase in other long-term assets |
PaymentsForProceedsFromOtherInvestingActivities
|
$87.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-105.13M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-5.92M | USD | 1 Quarter |
| Cash dividends |
PaymentsOfDividendsCommonStock
|
$10.31M | USD | 1 Quarter |
| Cash dividends |
PaymentsOfDividendsCommonStock
|
$11.05M | USD | 1 Quarter |
| Proceeds from stock option exercises |
ProceedsFromStockOptionsExercised
|
$136.00K | USD | 1 Quarter |
| Proceeds from stock option exercises |
ProceedsFromStockOptionsExercised
|
$1.15M | USD | 1 Quarter |
| Excess tax benefit from stock option exercises |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$1.00K | USD | 1 Quarter |
| Excess tax benefit from stock option exercises |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$4.00K | USD | 1 Quarter |
| Purchase of common stock for stock bonus plans |
PurchaseOfCommonStockForStockBonusPlans
|
$573.00K | USD | 1 Quarter |
| Purchase of common stock for stock bonus plans |
PurchaseOfCommonStockForStockBonusPlans
|
- | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-9.90M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-10.75M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$1.53M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$2.52M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-79.93M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$14.13M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$83.86M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$130.81M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$163.79M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$116.67M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$83.86M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$130.81M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$163.79M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$116.67M | USD | Point-in-time |
Comprehensive Income
2 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Unrealized losses on available-for-sale investments, tax |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$-17.40M | USD | 1 Quarter |
| Unrealized losses on available-for-sale investments, tax |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$-7.59M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.