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10-Q Filing

HELIOS TECHNOLOGIES, INC. CIK: 1024795 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001564590-17-009736
Period End Date 20170331
Filing Date 20170509
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance snhy-20170401.xml
Balance Sheet 81 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts, accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $101.00K USD Point-in-time
Allowance for doubtful accounts, accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $286.00K USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $89.90M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $70.41M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $74.22M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $81.93M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $37.00K USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $127.00K USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 50.00M shares Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $286 and $101 AccountsReceivableNetCurrent $25.73M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 50.00M shares Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $286 and $101 AccountsReceivableNetCurrent $37.71M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Inventories, net InventoryNet $31.91M USD Point-in-time
Inventories, net InventoryNet $30.00M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $512.00K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 27.04M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 26.94M shares Point-in-time
Short-term investments AvailableForSaleSecuritiesCurrent $4.70M USD Point-in-time
Short-term investments AvailableForSaleSecuritiesCurrent $6.83M USD Point-in-time
Other current assets OtherAssetsCurrent $4.98M USD Point-in-time
Other current assets OtherAssetsCurrent $3.94M USD Point-in-time
Total current assets AssetsCurrent $149.84M USD Point-in-time
Total current assets AssetsCurrent $141.27M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $78.75M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $80.52M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $3.71M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $3.92M USD Point-in-time
Goodwill Goodwill $103.58M USD Point-in-time
Goodwill Goodwill $104.20M USD Point-in-time
Other intangibles, net FiniteLivedIntangibleAssetsNet $110.24M USD Point-in-time
Other intangibles, net FiniteLivedIntangibleAssetsNet $112.56M USD Point-in-time
Other assets OtherAssetsNoncurrent $2.83M USD Point-in-time
Other assets OtherAssetsNoncurrent $3.14M USD Point-in-time
Total assets Assets $444.78M USD Point-in-time
Total assets Assets $449.79M USD Point-in-time
Accounts payable AccountsPayableCurrent $14.79M USD Point-in-time
Accounts payable AccountsPayableCurrent $10.17M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $8.92M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $7.46M USD Point-in-time
Current portion of contingent consideration BusinessCombinationContingentConsiderationLiabilityCurrent $10.77M USD Point-in-time
Current portion of contingent consideration BusinessCombinationContingentConsiderationLiabilityCurrent $10.77M USD Point-in-time
Dividends payable DividendsPayableCurrent $2.42M USD Point-in-time
Dividends payable DividendsPayableCurrent $2.43M USD Point-in-time
Income taxes payable TaxesPayableCurrent $4.04M USD Point-in-time
Income taxes payable TaxesPayableCurrent $265.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $40.95M USD Point-in-time
Total current liabilities LiabilitiesCurrent $31.08M USD Point-in-time
Revolving line of credit LongTermLineOfCredit $140.00M USD Point-in-time
Revolving line of credit LongTermLineOfCredit $124.00M USD Point-in-time
Contingent consideration, less current portion BusinessCombinationContingentConsiderationLiabilityNoncurrent $24.31M USD Point-in-time
Contingent consideration, less current portion BusinessCombinationContingentConsiderationLiabilityNoncurrent $24.31M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $9.58M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $9.50M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $3.49M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $3.64M USD Point-in-time
Total liabilities Liabilities $208.38M USD Point-in-time
Total liabilities Liabilities $202.48M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock, 2,000,000 shares authorized, par value $0.001, no shares outstanding PreferredStockValue - USD Point-in-time
Preferred stock, 2,000,000 shares authorized, par value $0.001, no shares outstanding PreferredStockValue - USD Point-in-time
Common stock, 50,000,000 shares authorized, par value $0.001, 27,037,015 and 26,936,021 shares outstanding CommonStockValue $27.00K USD Point-in-time
Common stock, 50,000,000 shares authorized, par value $0.001, 27,037,015 and 26,936,021 shares outstanding CommonStockValue $27.00K USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $89.72M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $91.31M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $162.49M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $169.73M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-13.75M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-15.83M USD Point-in-time
Total shareholders' equity StockholdersEquity $247.31M USD Point-in-time
Total shareholders' equity StockholdersEquity $236.40M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $444.78M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $449.79M USD Point-in-time
Income Statement 30 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $51.03M USD 1 Quarter
Net sales SalesRevenueNet $81.35M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $31.49M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $48.56M USD 1 Quarter
Gross profit GrossProfit $32.79M USD 1 Quarter
Gross profit GrossProfit $19.54M USD 1 Quarter
Selling, engineering and administrative expenses SellingGeneralAndAdministrativeExpense $14.70M USD 1 Quarter
Selling, engineering and administrative expenses SellingGeneralAndAdministrativeExpense $7.47M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.31M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $187.00K USD 1 Quarter
Operating income OperatingIncomeLoss $15.78M USD 1 Quarter
Operating income OperatingIncomeLoss $11.89M USD 1 Quarter
Interest expense (income), net InvestmentIncomeNet $-625.00K USD 1 Quarter
Interest expense (income), net InvestmentIncomeNet $372.00K USD 1 Quarter
Foreign currency transaction gain, net ForeignCurrencyTransactionGainLossBeforeTax $114.00K USD 1 Quarter
Foreign currency transaction gain, net ForeignCurrencyTransactionGainLossBeforeTax $46.00K USD 1 Quarter
Miscellaneous expense, net NonoperatingIncomeExpense $-66.00K USD 1 Quarter
Miscellaneous expense, net NonoperatingIncomeExpense $-176.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $12.20M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $15.14M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $3.99M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $4.93M USD 1 Quarter
Net income NetIncomeLoss $10.21M USD 1 Quarter
Net income NetIncomeLoss $8.21M USD 1 Quarter
Basic and diluted net income per common share EarningsPerShareBasicAndDiluted $0.38 USD 1 Quarter
Basic and diluted net income per common share EarningsPerShareBasicAndDiluted $0.31 USD 1 Quarter
Basic and diluted weighted average shares outstanding WeightedAverageNumberOfShareOutstandingBasicAndDiluted 26.80M shares 1 Quarter
Basic and diluted weighted average shares outstanding WeightedAverageNumberOfShareOutstandingBasicAndDiluted 26.95M shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.13 USD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.11 USD 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $10.21M USD 1 Quarter
Net income NetIncomeLoss $8.21M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.53M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.09M USD 1 Quarter
Loss on disposal of assets GainLossOnDispositionOfAssets $-139.00K USD 1 Quarter
Loss on disposal of assets GainLossOnDispositionOfAssets $-10.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.43M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $975.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $70.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $63.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForDoubtfulAccounts $5.00K USD 1 Quarter
Provision for slow moving inventory ProvisionBenefitForSlowMovingInventory $466.00K USD 1 Quarter
Benefit for deferred income taxes DeferredIncomeTaxesAndTaxCredits $-10.00K USD 1 Quarter
Benefit for deferred income taxes DeferredIncomeTaxesAndTaxCredits $-12.00K USD 1 Quarter
Amortization of acquisition related inventory step-up AmortizationOfAcquisitionCosts $1.77M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $5.95M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $11.77M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-320.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.95M USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $-371.00K USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $-123.00K USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $1.18M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $1.11M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-197.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-86.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $4.57M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $1.44M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $1.51M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $2.03M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $1.65M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $3.77M USD 1 Quarter
Other noncurrent liabilities IncreaseDecreaseInOtherOperatingLiabilities $-260.00K USD 1 Quarter
Other noncurrent liabilities IncreaseDecreaseInOtherOperatingLiabilities $150.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $12.43M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $10.49M USD 1 Quarter
Investment in licensed technology PaymentsToAcquireIntangibleAssets $850.00K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $999.00K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $758.00K USD 1 Quarter
Proceeds from dispositions of equipment ProceedsFromSaleOfProductiveAssets $2.00K USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireShortTermInvestments $4.28M USD 1 Quarter
Proceeds from sale of short-term investments ProceedsFromSaleOfShortTermInvestments $6.43M USD 1 Quarter
Proceeds from sale of short-term investments ProceedsFromSaleOfShortTermInvestments $2.10M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $304.00K USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $1.34M USD 1 Quarter
Repayment of borrowings on revolving line of credit RepaymentsOfLinesOfCredit $16.00M USD 1 Quarter
Proceeds from stock issued ProceedsFromIssuanceOfCommonStock $213.00K USD 1 Quarter
Proceeds from stock issued ProceedsFromIssuanceOfCommonStock $205.00K USD 1 Quarter
Dividends to shareholders PaymentsOfDividendsCommonStock $2.96M USD 1 Quarter
Dividends to shareholders PaymentsOfDividendsCommonStock $3.48M USD 1 Quarter
Change in restricted cash IncreaseDecreaseInRestrictedCash $-1.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-3.27M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-18.76M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.17M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $442.00K USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $7.97M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-3.81M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $74.22M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $81.93M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $89.90M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $70.41M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $81.93M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $74.22M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $89.90M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $70.41M USD Point-in-time
Income taxes IncomeTaxesPaid $1.40M USD 1 Quarter
Income taxes IncomeTaxesPaid $366.00K USD 1 Quarter
Interest InterestPaid $658.00K USD 1 Quarter
Common stock issued for shared distribution through accrued expenses and other liabilities StockIssued1 $1.60M USD 1 Quarter
Common stock issued for shared distribution through accrued expenses and other liabilities StockIssued1 $601.00K USD 1 Quarter
Unrealized gain on available for sales securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $196.00K USD 1 Quarter
Unrealized gain on available for sales securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $129.00K USD 1 Quarter
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $247.31M USD Point-in-time
Beginning Balance StockholdersEquity $236.40M USD Point-in-time
Shares issued, ESPP StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $205.00K USD 1 Quarter
Shares issued, shared distribution StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan $601.00K USD 1 Quarter
Stock-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $785.00K USD 1 Quarter
Dividends declared DividendsCommonStockCash $2.97M USD 1 Quarter
Net income NetIncomeLoss $10.21M USD 1 Quarter
Net income NetIncomeLoss $8.21M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $514.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.08M USD 1 Quarter
Ending Balance StockholdersEquity $247.31M USD Point-in-time
Ending Balance StockholdersEquity $236.40M USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $10.21M USD 1 Quarter
Net income NetIncomeLoss $8.21M USD 1 Quarter
Foreign currency translation adjustments, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.95M USD 1 Quarter
Foreign currency translation adjustments, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $318.00K USD 1 Quarter
Unrealized gain on available-for-sale securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $196.00K USD 1 Quarter
Unrealized gain on available-for-sale securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $129.00K USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $514.00K USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.08M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $12.29M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $8.72M USD 1 Quarter

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

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