10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-14-404922 |
| Period End Date | 20140930 |
| Filing Date | 20141110 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | tech-20140930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
76 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Trade accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$487.00K | USD | Point-in-time |
| Trade accounts receivable, allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$492.00K | 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
|
$318.57M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$98.24M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$83.86M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$163.79M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
37.00M | shares | Point-in-time |
| Short-term available-for-sale investments |
AvailableForSaleSecuritiesCurrent
|
$44.79M | USD | Point-in-time |
| Short-term available-for-sale investments |
AvailableForSaleSecuritiesCurrent
|
$32.57M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
37.03M | shares | Point-in-time |
| Trade accounts receivable, less allowance for doubtful accounts of $492 and $487, respectively |
AccountsReceivableNetCurrent
|
$60.87M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
37.00M | shares | Point-in-time |
| Trade accounts receivable, less allowance for doubtful accounts of $492 and $487, respectively |
AccountsReceivableNetCurrent
|
$47.87M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
37.03M | shares | Point-in-time |
| Other receivables |
OtherReceivablesNetCurrent
|
$668.00K | USD | Point-in-time |
| Other receivables |
OtherReceivablesNetCurrent
|
$7.13M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$52.20M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$38.85M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$4.42M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$2.59M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$19.15M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$9.62M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$469.41M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$268.11M | USD | Point-in-time |
| Available-for-sale investments |
AvailableForSaleSecuritiesNoncurrent
|
$3.58M | USD | Point-in-time |
| Available-for-sale investments |
AvailableForSaleSecuritiesNoncurrent
|
$3.58M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$117.12M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$122.01M | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$307.51M | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$108.78M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$151.47M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$305.23M | USD | Point-in-time |
| Investments in unconsolidated entities |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$10.45M | USD | Point-in-time |
| Investments in unconsolidated entities |
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
$10.00M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.83M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.69M | USD | Point-in-time |
| Assets |
Assets
|
$862.49M | USD | Point-in-time |
| Assets |
Assets
|
$1.02B | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableCurrent
|
$13.57M | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableCurrent
|
$9.65M | USD | Point-in-time |
| Salaries, wages and related accruals |
EmployeeRelatedLiabilitiesCurrent
|
$9.87M | USD | Point-in-time |
| Salaries, wages and related accruals |
EmployeeRelatedLiabilitiesCurrent
|
$6.16M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$6.71M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$4.14M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$496.00K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$1.98M | USD | Point-in-time |
| Deferred revenue, current |
DeferredRevenueCurrent
|
$2.54M | USD | Point-in-time |
| Deferred revenue, current |
DeferredRevenueCurrent
|
- | USD | Point-in-time |
| Related party note payable, current |
NotesPayableRelatedPartiesClassifiedCurrent
|
$5.95M | USD | Point-in-time |
| Related party note payable, current |
NotesPayableRelatedPartiesClassifiedCurrent
|
$5.95M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$40.62M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$26.39M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$64.52M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$33.84M | USD | Point-in-time |
| Related party note payable, long-term |
NotesPayableRelatedPartiesNoncurrent
|
$7.00M | USD | Point-in-time |
| Related party note payable, long-term |
NotesPayableRelatedPartiesNoncurrent
|
$7.00M | USD | Point-in-time |
| Long-term debt obligations |
LongTermDebtAndCapitalLeaseObligations
|
- | USD | Point-in-time |
| Long-term debt obligations |
LongTermDebtAndCapitalLeaseObligations
|
$112.00M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$708.00K | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
- | USD | Point-in-time |
| Common stock, par value $.01 per share; authorized 100,000,000; issued and outstanding 37,029,777 and 37,002,203, respectively |
CommonStockValue
|
$370.00K | USD | Point-in-time |
| Common stock, par value $.01 per share; authorized 100,000,000; issued and outstanding 37,029,777 and 37,002,203, respectively |
CommonStockValue
|
$370.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$150.31M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$147.00M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$665.71M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$653.28M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-22.98M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-5.39M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$795.26M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$793.41M | USD | Point-in-time |
| Liabilities and Equity, Total |
LiabilitiesAndStockholdersEquity
|
$1.02B | USD | Point-in-time |
| Liabilities and Equity, Total |
LiabilitiesAndStockholdersEquity
|
$862.49M | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$85.67M | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$108.48M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$24.55M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$35.41M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$61.11M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$73.07M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$28.70M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$14.02M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost
|
$9.15M | 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
|
$37.85M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$39.39M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$35.22M | USD | 1 Quarter |
| Other (expense) income |
NonoperatingIncomeExpense
|
$263.00K | USD | 1 Quarter |
| Other (expense) income |
NonoperatingIncomeExpense
|
$-618.00K | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$34.60M | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$39.65M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$10.69M | USD | 1 Quarter |
| Income taxes |
IncomeTaxExpenseBenefit
|
$12.23M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$27.43M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$23.91M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-9.10M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$7.90M | USD | 1 Quarter |
| Unrealized losses on available-for-sale investments, net of tax of ($100) and ($17,396), respectively |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-36.78M | USD | 1 Quarter |
| Unrealized losses on available-for-sale investments, net of tax of ($100) and ($17,396), respectively |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-8.49M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossNetOfTax
|
$-28.87M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossNetOfTax
|
$-17.59M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$6.32M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$-1.45M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.65 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.74 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.74 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.64 | USD | 1 Quarter |
| Cash dividends per common share: |
CommonStockDividendsPerShareCashPaid
|
$0.30 | USD | 1 Quarter |
| Cash dividends per common share: |
CommonStockDividendsPerShareCashPaid
|
$0.31 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
37.01M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
36.84M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
36.93M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
37.15M | shares | 1 Quarter |
Cash Flow Statement
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$27.43M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$23.91M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$8.56M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$4.09M | USD | 1 Quarter |
| Costs recognized on sale of acquired inventory |
FairValueWriteUpOfAcquiredInventory
|
$1.73M | USD | 1 Quarter |
| Costs recognized on sale of acquired inventory |
FairValueWriteUpOfAcquiredInventory
|
$3.17M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-1.62M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-1.33M | USD | 1 Quarter |
| Stock-based compensation expense |
StockOptionPlanExpense
|
$569.00K | USD | 1 Quarter |
| Stock-based compensation expense |
StockOptionPlanExpense
|
$1.36M | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$-68.00K | USD | 1 Quarter |
| Other |
OtherNoncashIncomeExpense
|
$-120.00K | USD | 1 Quarter |
| Trade accounts and other receivables |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$106.00K | USD | 1 Quarter |
| Trade accounts and other receivables |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$-422.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$2.33M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$296.00K | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-8.00K | 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
|
$-1.49M | USD | 1 Quarter |
| Salaries, wages and related accruals |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$1.42M | USD | 1 Quarter |
| Salaries, wages and related accruals |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$2.53M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$91.00K | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$1.13M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$32.59M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$35.72M | USD | 1 Quarter |
| Acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$103.05M | USD | 1 Quarter |
| Acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$360.18M | USD | 1 Quarter |
| Purchase of available-for-sale investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$27.01M | USD | 1 Quarter |
| Purchase of available-for-sale investments |
PaymentsToAcquireAvailableForSaleSecurities
|
- | USD | 1 Quarter |
| Proceeds from sales of available-for-sale investments |
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
- | USD | 1 Quarter |
| Proceeds from sales of available-for-sale investments |
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
$12.70M | USD | 1 Quarter |
| Proceeds from maturities of available-for-sale investments |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$16.09M | USD | 1 Quarter |
| Proceeds from maturities of available-for-sale investments |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$9.88M | USD | 1 Quarter |
| Additions to property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.81M | USD | 1 Quarter |
| Additions to property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$4.91M | USD | 1 Quarter |
| Distributions from unconsolidated entities |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$446.00K | USD | 1 Quarter |
| Distributions from unconsolidated entities |
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
$85.00K | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
- | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$138.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-105.13M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-354.75M | USD | 1 Quarter |
| Cash dividends |
PaymentsOfDividendsCommonStock
|
$11.47M | USD | 1 Quarter |
| Cash dividends |
PaymentsOfDividendsCommonStock
|
$11.05M | USD | 1 Quarter |
| Proceeds from stock option exercises |
ProceedsFromStockOptionsExercised
|
$1.86M | USD | 1 Quarter |
| Proceeds from stock option exercises |
ProceedsFromStockOptionsExercised
|
$1.15M | USD | 1 Quarter |
| Excess tax benefit from stock option exercises |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$78.00K | USD | 1 Quarter |
| Excess tax benefit from stock option exercises |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$4.00K | USD | 1 Quarter |
| Borrowings under line-of-credit agreement |
ProceedsFromLongTermLinesOfCredit
|
$125.00M | USD | 1 Quarter |
| Borrowings under line-of-credit agreement |
ProceedsFromLongTermLinesOfCredit
|
- | USD | 1 Quarter |
| Payments on line-of-credit |
RepaymentsOfLongTermLinesOfCredit
|
$13.00M | USD | 1 Quarter |
| Payments on line-of-credit |
RepaymentsOfLongTermLinesOfCredit
|
- | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$102.47M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-9.90M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-3.76M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$2.52M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-79.93M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-220.33M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$318.57M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$98.24M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$83.86M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$163.79M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$318.57M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$98.24M | 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
|
$163.79M | USD | Point-in-time |
Comprehensive Income
2 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Unrealized losses on available-for-sale investments, tax |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$-100.00K | USD | 1 Quarter |
| Unrealized losses on available-for-sale investments, tax |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$-17.40M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.