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10-Q Filing

HELIOS TECHNOLOGIES, INC. CIK: 1024795 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001564590-18-011544
Period End Date 20180331
Filing Date 20180508
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance snhy-20180331.xml
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts, accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $419.00K USD Point-in-time
Allowance for doubtful accounts, accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $358.00K 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 $63.88M 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
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $198.53M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $74.22M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $40.00K USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $42.00K USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $419 and $358 AccountsReceivableNetCurrent $47.37M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 50.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 50.00M shares Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $419 and $358 AccountsReceivableNetCurrent $37.50M USD Point-in-time
Inventories, net InventoryNet $41.55M 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
Inventories, net InventoryNet $40.86M USD Point-in-time
Other current assets OtherAssetsCurrent $3.81M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 31.59M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 27.08M shares Point-in-time
Other current assets OtherAssetsCurrent $3.96M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 27.08M shares Point-in-time
Total current assets AssetsCurrent $290.76M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 31.59M shares Point-in-time
Total current assets AssetsCurrent $146.78M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $91.93M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $93.92M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $4.65M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $4.60M USD Point-in-time
Goodwill Goodwill $108.88M USD Point-in-time
Goodwill Goodwill $108.87M USD Point-in-time
Other intangibles, net FiniteLivedIntangibleAssetsNet $102.08M USD Point-in-time
Other intangibles, net FiniteLivedIntangibleAssetsNet $104.13M USD Point-in-time
Other assets OtherAssetsNoncurrent $3.56M USD Point-in-time
Other assets OtherAssetsNoncurrent $3.40M USD Point-in-time
Total assets Assets $459.77M USD Point-in-time
Total assets Assets $603.81M USD Point-in-time
Accounts payable AccountsPayableCurrent $16.56M USD Point-in-time
Accounts payable AccountsPayableCurrent $15.47M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $8.98M USD Point-in-time
Accrued expenses and other liabilities AccruedLiabilitiesCurrent $11.07M USD Point-in-time
Current portion of contingent consideration BusinessCombinationContingentConsiderationLiabilityCurrent $17.10M USD Point-in-time
Current portion of contingent consideration BusinessCombinationContingentConsiderationLiabilityCurrent $17.23M USD Point-in-time
Dividends payable DividendsPayableCurrent $2.84M USD Point-in-time
Dividends payable DividendsPayableCurrent $2.44M USD Point-in-time
Income taxes payable TaxesPayableCurrent $4.56M USD Point-in-time
Income taxes payable TaxesPayableCurrent $1.88M USD Point-in-time
Total current liabilities LiabilitiesCurrent $45.86M USD Point-in-time
Total current liabilities LiabilitiesCurrent $52.26M USD Point-in-time
Revolving line of credit LongTermLineOfCredit $116.00M USD Point-in-time
Long-term debt LongTermDebt $942.00K USD Point-in-time
Contingent consideration, less current portion BusinessCombinationContingentConsiderationLiabilityNoncurrent $17.05M USD Point-in-time
Contingent consideration, less current portion BusinessCombinationContingentConsiderationLiabilityNoncurrent $16.78M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $2.08M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $2.07M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $6.38M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $6.40M USD Point-in-time
Total liabilities Liabilities $78.73M USD Point-in-time
Total liabilities Liabilities $187.09M 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, 31,587,608 and 27,077,145 shares outstanding CommonStockValue $32.00K USD Point-in-time
Common stock, 50,000,000 shares authorized, par value $0.001, 31,587,608 and 27,077,145 shares outstanding CommonStockValue $27.00K USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $95.35M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $336.19M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $192.84M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $183.77M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-3.98M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.48M USD Point-in-time
Total shareholders' equity StockholdersEquity $525.08M USD Point-in-time
Total shareholders' equity StockholdersEquity $272.67M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $603.81M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $459.77M USD Point-in-time
Income Statement 31 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $97.32M USD 1 Quarter
Net sales SalesRevenueNet $81.35M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $48.56M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $59.70M USD 1 Quarter
Gross profit GrossProfit $37.62M USD 1 Quarter
Gross profit GrossProfit $32.79M USD 1 Quarter
Selling, engineering and administrative expenses SellingGeneralAndAdministrativeExpense $14.70M USD 1 Quarter
Selling, engineering and administrative expenses SellingGeneralAndAdministrativeExpense $18.32M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.05M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.31M USD 1 Quarter
Operating income OperatingIncomeLoss $17.25M USD 1 Quarter
Operating income OperatingIncomeLoss $15.78M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-625.00K USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-483.00K USD 1 Quarter
Foreign currency transaction loss (gain), net ForeignCurrencyTransactionGainLossBeforeTax $-511.00K USD 1 Quarter
Foreign currency transaction loss (gain), net ForeignCurrencyTransactionGainLossBeforeTax $46.00K USD 1 Quarter
Miscellaneous (income) expense, net NonoperatingIncomeExpense $-66.00K USD 1 Quarter
Miscellaneous (income) expense, net NonoperatingIncomeExpense $36.00K USD 1 Quarter
Change in fair value of contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $402.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $15.89M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $15.14M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $4.93M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $3.98M USD 1 Quarter
Net income NetIncomeLoss $11.91M USD 1 Quarter
Net income NetIncomeLoss $10.21M USD 1 Quarter
Basic and diluted net income per common share EarningsPerShareBasicAndDiluted $0.40 USD 1 Quarter
Basic and diluted net income per common share EarningsPerShareBasicAndDiluted $0.38 USD 1 Quarter
Basic and diluted weighted average shares outstanding WeightedAverageNumberOfShareOutstandingBasicAndDiluted 26.95M shares 1 Quarter
Basic and diluted weighted average shares outstanding WeightedAverageNumberOfShareOutstandingBasicAndDiluted 29.81M shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.11 USD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.09 USD 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $11.91M USD 1 Quarter
Net income NetIncomeLoss $10.21M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $4.73M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.09M USD 1 Quarter
Loss on disposal of assets GainLossOnDispositionOfAssets $-139.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $975.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $916.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $98.00K 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 $65.00K USD 1 Quarter
Provision for slow moving inventory InventoryWriteDown $466.00K USD 1 Quarter
Provision for slow moving inventory InventoryWriteDown $-80.00K USD 1 Quarter
Provision (benefit) for deferred income taxes DeferredIncomeTaxesAndTaxCredits $-12.00K USD 1 Quarter
Provision (benefit) for deferred income taxes DeferredIncomeTaxesAndTaxCredits $55.00K USD 1 Quarter
Amortization of acquisition related inventory step-up AmortizationOfAcquisitionCosts $1.77M USD 1 Quarter
Change in fair value of contingent consideration BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 $402.00K USD 1 Quarter
Unrealized forward contract losses UnrealizedGainLossOnDerivativesAndCommodityContracts $-505.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $11.77M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $9.68M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.95M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-940.00K USD 1 Quarter
Income taxes receivable IncreaseDecreaseInIncomeTaxesReceivable $-371.00K USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $219.00K USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $1.18M USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $251.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-197.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $4.57M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $1.11M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $1.47M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $1.51M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $2.67M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $3.77M USD 1 Quarter
Other noncurrent liabilities IncreaseDecreaseInOtherOperatingLiabilities $150.00K USD 1 Quarter
Other noncurrent liabilities IncreaseDecreaseInOtherOperatingLiabilities $17.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $14.66M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $12.43M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $758.00K USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $4.24M USD 1 Quarter
Proceeds from dispositions of equipment ProceedsFromSaleOfProductiveAssets $3.00K USD 1 Quarter
Proceeds from sale of short-term investments ProceedsFromSaleOfShortTermInvestments $2.10M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-4.23M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $1.34M USD 1 Quarter
Repayment of borrowings on revolving credit facility RepaymentsOfLinesOfCredit $116.00M USD 1 Quarter
Repayment of borrowings on revolving credit facility RepaymentsOfLinesOfCredit $16.00M USD 1 Quarter
Borrowings on long-term debt ProceedsFromIssuanceOfLongTermDebt $932.00K USD 1 Quarter
Proceeds from stock issued ProceedsFromIssuanceOfCommonStock $240.16M USD 1 Quarter
Proceeds from stock issued ProceedsFromIssuanceOfCommonStock $205.00K USD 1 Quarter
Dividends to shareholders PaymentsOfDividendsCommonStock $2.44M USD 1 Quarter
Dividends to shareholders PaymentsOfDividendsCommonStock $2.96M USD 1 Quarter
Payment of employee tax withholding PaymentsRelatedToTaxWithholdingForShareBasedCompensation $240.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-18.76M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $122.42M 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 $1.80M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-3.81M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $134.65M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $198.53M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $74.22M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $63.88M 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 $198.53M 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 $63.88M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $70.41M USD Point-in-time
Income taxes IncomeTaxesPaid $366.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $1.07M USD 1 Quarter
Interest InterestPaid $939.00K USD 1 Quarter
Interest InterestPaid $658.00K 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 sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $129.00K USD 1 Quarter
Stockholders Equity 13 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $525.08M USD Point-in-time
Beginning Balance StockholdersEquity $272.67M USD Point-in-time
Shares issued, ESPP StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $371.00K USD 1 Quarter
Shares issued, public offering StockIssuedDuringPeriodValueNewIssues $239.79M USD 1 Quarter
Stock-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $916.00K USD 1 Quarter
Cancellation of shares for payment of employee tax withholding AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $240.00K USD 1 Quarter
Dividends declared DividendsCommonStockCash $2.84M USD 1 Quarter
Net income NetIncomeLoss $11.91M USD 1 Quarter
Net income NetIncomeLoss $10.21M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.50M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.08M USD 1 Quarter
Ending Balance StockholdersEquity $525.08M USD Point-in-time
Ending Balance StockholdersEquity $272.67M USD Point-in-time
Comprehensive Income 9 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $11.91M USD 1 Quarter
Net income NetIncomeLoss $10.21M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.95M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.50M USD 1 Quarter
Unrealized gain on available-for-sale securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $129.00K USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.50M USD 1 Quarter
Total other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.08M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $12.29M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $14.41M USD 1 Quarter

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

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