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10-Q Filing

USANA HEALTH SCIENCES INC CIK: 896264 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001104659-19-027483
Period End Date 20190331
Filing Date 20190507
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance usna-20190330.xml
Filing Contents
Balance Sheet 55 line items
Line Item Tag Value Unit Period
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.00 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $266.20M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 23.34M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 23.57M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $214.33M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $225.04M USD Point-in-time
Securities held-to-maturity HeldToMaturitySecuritiesCurrent $26.85M USD Point-in-time
Securities held-to-maturity HeldToMaturitySecuritiesCurrent $63.54M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 23.57M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 23.34M shares Point-in-time
Inventories InventoryNet $81.95M USD Point-in-time
Inventories InventoryNet $86.47M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $32.52M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $31.82M USD Point-in-time
Total current assets AssetsCurrent $392.33M USD Point-in-time
Total current assets AssetsCurrent $370.18M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $91.99M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $92.03M USD Point-in-time
Goodwill Goodwill $16.82M USD Point-in-time
Goodwill Goodwill $17.07M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $31.81M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $32.23M USD Point-in-time
Deferred tax assets DeferredTaxAssetsLiabilitiesNetNoncurrent $3.25M USD Point-in-time
Deferred tax assets DeferredTaxAssetsLiabilitiesNetNoncurrent $3.35M USD Point-in-time
Other assets OtherAssetsNoncurrent $36.86M USD Point-in-time
Other assets OtherAssetsNoncurrent $18.13M USD Point-in-time
Total assets Assets $551.58M USD Point-in-time
Total assets Assets $554.46M USD Point-in-time
Accounts payable AccountsPayableCurrent $11.70M USD Point-in-time
Accounts payable AccountsPayableCurrent $9.95M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $118.29M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $138.74M USD Point-in-time
Total current liabilities LiabilitiesCurrent $129.99M USD Point-in-time
Total current liabilities LiabilitiesCurrent $148.69M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $13.37M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $17.51M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $12.87M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $1.26M USD Point-in-time
Common stock, $0.001 par value; Authorized -- 50,000 shares, issued and outstanding 23,567 as of December 29, 2018 and 23,335 as of March 30, 2019 CommonStockValue $23.00K USD Point-in-time
Common stock, $0.001 par value; Authorized -- 50,000 shares, issued and outstanding 23,567 as of December 29, 2018 and 23,335 as of March 30, 2019 CommonStockValue $24.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $69.10M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $72.01M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $329.50M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $329.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-10.39M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-6.91M USD Point-in-time
Total stockholders' equity StockholdersEquity $363.21M USD Point-in-time
Total stockholders' equity StockholdersEquity $400.98M USD Point-in-time
Total stockholders' equity StockholdersEquity $391.22M USD Point-in-time
Total stockholders' equity StockholdersEquity $391.15M USD Point-in-time
Total liabilities and stockholder's equity LiabilitiesAndStockholdersEquity $554.46M USD Point-in-time
Total liabilities and stockholder's equity LiabilitiesAndStockholdersEquity $551.58M USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
Net sales Revenues $292.00M USD 1 Quarter
Net sales Revenues $272.99M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $49.38M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $45.90M USD 1 Quarter
Gross profit GrossProfit $227.09M USD 1 Quarter
Gross profit GrossProfit $242.62M USD 1 Quarter
Associate incentives AssociateIncentives $122.53M USD 1 Quarter
Associate incentives AssociateIncentives $129.36M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $70.13M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $69.56M USD 1 Quarter
Total operating expenses OperatingExpenses $192.09M USD 1 Quarter
Total operating expenses OperatingExpenses $199.49M USD 1 Quarter
Earnings from operations OperatingIncomeLoss $43.13M USD 1 Quarter
Earnings from operations OperatingIncomeLoss $35.00M USD 1 Quarter
Interest income InvestmentIncomeInterest $1.48M USD 1 Quarter
Interest income InvestmentIncomeInterest $840.00K USD 1 Quarter
Interest expense InterestExpense $12.00K USD 1 Quarter
Interest expense InterestExpense $10.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-182.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $32.00K USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $862.00K USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $1.29M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $36.29M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $43.99M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $12.12M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $15.04M USD 1 Quarter
Net earnings NetIncomeLoss $28.95M USD 1 Quarter
Net earnings NetIncomeLoss $24.17M USD 1 Quarter
Basic EarningsPerShareBasic $1.20 USD 1 Quarter
Basic EarningsPerShareBasic $1.03 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.19 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.01 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 23.48M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 24.07M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 23.93M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 24.27M shares 1 Quarter
Net earnings NetIncomeLoss $28.95M USD 1 Quarter
Net earnings NetIncomeLoss $24.17M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $4.77M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $7.81M USD 1 Quarter
Tax benefit (expense) related to foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $540.00K USD 1 Quarter
Tax benefit (expense) related to foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $1.29M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $3.48M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $7.27M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $36.22M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $27.65M USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $28.95M USD 1 Quarter
Net earnings NetIncomeLoss $24.17M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $4.53M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.87M USD 1 Quarter
Right-of-use asset amortization OperatingLeaseRightOfUseAssetAmortization $2.02M USD 1 Quarter
(Gain) loss on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-23.00K USD 1 Quarter
(Gain) loss on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-1.78M USD 1 Quarter
Equity-based compensation expense ShareBasedCompensation $3.83M USD 1 Quarter
Equity-based compensation expense ShareBasedCompensation $3.81M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $3.10M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $3.05M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $4.47M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.63M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.48M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $3.38M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $649.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $1.75M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-15.45M USD 1 Quarter
Other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-31.04M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $5.52M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $19.52M USD 1 Quarter
Receipts on notes receivable ProceedsFromCollectionOfNotesReceivable $301.00K USD 1 Quarter
Receipts on notes receivable ProceedsFromCollectionOfNotesReceivable $55.00K USD 1 Quarter
Payments for net investment hedge PaymentsForHedgeInvestingActivities $1.66M USD 1 Quarter
Maturities of investment securities ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities $36.69M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $35.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $6.00K USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.58M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.95M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $32.51M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-2.61M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $2.94M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $30.00M USD 1 Quarter
Borrowings on line of credit ProceedsFromLinesOfCredit $5.00M USD 1 Quarter
Payments on line of credit RepaymentsOfLinesOfCredit $5.00M USD 1 Quarter
Payments related to tax withholding for net-share settled equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.41M USD 1 Quarter
Payments related to tax withholding for net-share settled equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $308.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-31.41M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-3.25M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.52M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $4.17M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $10.79M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $19.17M USD 1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $250.53M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $228.02M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $269.71M USD Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $217.23M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $250.53M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $228.02M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $269.71M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $217.23M USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $250.53M USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $228.02M USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $269.71M USD Point-in-time
Total cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $217.23M USD Point-in-time
Interest InterestPaidNet $5.00K USD 1 Quarter
Interest InterestPaidNet $2.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $10.16M USD 1 Quarter
Income taxes IncomeTaxesPaid $19.50M USD 1 Quarter
Income tax refund ProceedsFromIncomeTaxRefunds $5.09M USD 1 Quarter
Income tax refund ProceedsFromIncomeTaxRefunds $49.00K USD 1 Quarter
Right-of-use assets obtained in exchange for lease obligations NoncashRightOfUseAssetObtainedInExchangeForOperatingLeaseLiability $20.29M USD 1 Quarter
Accrued purchases of property and equipment FairValueOfAssetsAcquired $251.00K USD 1 Quarter
Accrued purchases of property and equipment FairValueOfAssetsAcquired $159.00K USD 1 Quarter
Stockholders Equity 26 line items
Line Item Tag Value Unit Period
Balance, shares CommonStockSharesOutstanding 23.57M shares Point-in-time
Balance, shares CommonStockSharesOutstanding 23.34M shares Point-in-time
Balance, value StockholdersEquity $363.21M USD Point-in-time
Balance, value StockholdersEquity $400.98M USD Point-in-time
Balance, value StockholdersEquity $391.22M USD Point-in-time
Balance, value StockholdersEquity $391.15M USD Point-in-time
Cummulative effect of accounting change CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $994.00K USD Point-in-time
Balance after cumulative effect of accounting change StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAdjustedBalance1 $364.20M USD Point-in-time
Net earnings NetIncomeLoss $28.95M USD 1 Quarter
Net earnings NetIncomeLoss $24.17M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $3.48M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $7.27M USD 1 Quarter
Equity-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.83M USD 1 Quarter
Equity-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.81M USD 1 Quarter
Common stock repurchased and retired, value StockRepurchasedAndRetiredDuringPeriodValue $30.00M USD 1 Quarter
Common stock repurchased and retired, value StockRepurchasedAndRetiredDuringPeriodValue $2.94M USD 1 Quarter
Common stock repurchased and retired, shares StockRepurchasedAndRetiredDuringPeriodShares 284,000.00 shares 1 Quarter
Common stock repurchased and retired, shares StockRepurchasedAndRetiredDuringPeriodShares 39,000.00 shares 1 Quarter
Tax withholding for net-share settled equity awards AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $308.00K USD 1 Quarter
Tax withholding for net-share settled equity awards AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $1.41M USD 1 Quarter
Balance, shares CommonStockSharesOutstanding 23.57M shares Point-in-time
Balance, shares CommonStockSharesOutstanding 23.34M shares Point-in-time
Balance, value StockholdersEquity $363.21M USD Point-in-time
Balance, value StockholdersEquity $400.98M USD Point-in-time
Balance, value StockholdersEquity $391.22M USD Point-in-time
Balance, value StockholdersEquity $391.15M USD Point-in-time

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

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