10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001144204-17-025044 |
| Period End Date | 20170331 |
| Filing Date | 20170508 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | tis-20170331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
76 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash |
Cash
|
$8.04M | USD | Point-in-time |
| Cash |
Cash
|
$4.36M | USD | Point-in-time |
| Cash |
Cash
|
$5.78M | USD | Point-in-time |
| Cash |
Cash
|
$8.75M | USD | Point-in-time |
| Accounts receivable, net of allowance of $50 and $30, respectively |
AccountsReceivableNetCurrent
|
$8.95M | USD | Point-in-time |
| Accounts receivable, net of allowance of $50 and $30, respectively |
AccountsReceivableNetCurrent
|
$10.49M | USD | Point-in-time |
| Receivables from related party |
DueFromRelatedPartiesCurrent
|
$491.00K | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$50.00K | USD | Point-in-time |
| Receivables from related party |
DueFromRelatedPartiesCurrent
|
$1.34M | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$30.00K | USD | Point-in-time |
| Property, Plant and Equipment, Gross |
PropertyPlantAndEquipmentGross
|
$351.56M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$18.41M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$18.26M | USD | Point-in-time |
| Property, Plant and Equipment, Gross |
PropertyPlantAndEquipmentGross
|
$320.44M | USD | Point-in-time |
| Common Stock, Par or Stated Value Per Share |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Income taxes receivable |
IncomeTaxesReceivable
|
$8.73M | USD | Point-in-time |
| Common Stock, Par or Stated Value Per Share |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Income taxes receivable |
IncomeTaxesReceivable
|
$11.84M | USD | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
25.00M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$925.00K | USD | Point-in-time |
| Common Stock, Shares Authorized |
CommonStockSharesAuthorized
|
25.00M | shares | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$659.00K | USD | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
10.30M | shares | Point-in-time |
| Common Stock, Shares, Issued |
CommonStockSharesIssued
|
10.30M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$911.00K | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$868.00K | USD | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
10.30M | shares | Point-in-time |
| Total current assets |
AssetsCurrent
|
$49.29M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$47.14M | USD | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
10.30M | shares | Point-in-time |
| Property, plant and equipment (including from consolidated VIE $16,237 and $16,237, respectively) |
PropertyPlantAndEquipmentGross
|
$351.56M | USD | Point-in-time |
| Property, plant and equipment (including from consolidated VIE $16,237 and $16,237, respectively) |
PropertyPlantAndEquipmentGross
|
$320.44M | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$71.26M | USD | Point-in-time |
| Accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$74.48M | USD | Point-in-time |
| Net property, plant and equipment |
PropertyPlantAndEquipmentNet
|
$277.08M | USD | Point-in-time |
| Net property, plant and equipment |
PropertyPlantAndEquipmentNet
|
$249.18M | USD | Point-in-time |
| Restricted cash (from consolidated VIE) |
RestrictedCashAndCashEquivalentsNoncurrent
|
$1.28M | USD | Point-in-time |
| Restricted cash (from consolidated VIE) |
RestrictedCashAndCashEquivalentsNoncurrent
|
$1.30M | USD | Point-in-time |
| VAT receivable |
ValueAddedTaxReceivableNoncurrent
|
$223.00K | USD | Point-in-time |
| VAT receivable |
ValueAddedTaxReceivableNoncurrent
|
$212.00K | USD | Point-in-time |
| Intangible assets, net of accumulated amortization |
FiniteLivedIntangibleAssetsNet
|
$14.51M | USD | Point-in-time |
| Intangible assets, net of accumulated amortization |
FiniteLivedIntangibleAssetsNet
|
$14.28M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$7.56M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$7.56M | USD | Point-in-time |
| Total assets |
Assets
|
$319.88M | USD | Point-in-time |
| Total assets |
Assets
|
$349.72M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$21.68M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$7.74M | USD | Point-in-time |
| Accounts payable to related party |
AccountsPayableRelatedPartiesCurrent
|
$3.88M | USD | Point-in-time |
| Accounts payable to related party |
AccountsPayableRelatedPartiesCurrent
|
$3.13M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$2.31M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$2.54M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrent
|
$3.61M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrent
|
- | USD | Point-in-time |
| Current portion of long-term debt |
SecuredDebtCurrent
|
$8.51M | USD | Point-in-time |
| Current portion of long-term debt |
SecuredDebtCurrent
|
$6.73M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$20.14M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$39.98M | USD | Point-in-time |
| Long-term debt including capital leases, less current portion |
LongTermDebtAndCapitalLeaseObligations
|
$143.75M | USD | Point-in-time |
| Long-term debt including capital leases, less current portion |
LongTermDebtAndCapitalLeaseObligations
|
$133.99M | USD | Point-in-time |
| Other long-term liabilities (from consolidated VIE) |
OtherLiabilitiesNoncurrent
|
$5.19M | USD | Point-in-time |
| Other long-term liabilities (from consolidated VIE) |
OtherLiabilitiesNoncurrent
|
$5.17M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$31.90M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$27.33M | USD | Point-in-time |
| Commitment and contingencies (Note 4) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitment and contingencies (Note 4) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $.001 par value, 25,000,000 shares authorized, 10,302,891 and 10,296,891 shares issued and outstanding in 2017 and 2016, respectively |
CommonStockValue
|
$10.00K | USD | Point-in-time |
| Common stock, $.001 par value, 25,000,000 shares authorized, 10,302,891 and 10,296,891 shares issued and outstanding in 2017 and 2016, respectively |
CommonStockValue
|
$10.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$98.89M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$99.01M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$29.88M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$34.35M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$128.90M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$133.25M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$349.72M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$319.88M | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueGoodsNet
|
$47.74M | USD | 1 Quarter |
| Net sales |
SalesRevenueGoodsNet
|
$35.35M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$33.38M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$36.36M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$11.38M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$1.97M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$2.72M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$2.62M | USD | 1 Quarter |
| Intangibles amortization |
AmortizationOfIntangibleAssets
|
$377.00K | USD | 1 Quarter |
| Intangibles amortization |
AmortizationOfIntangibleAssets
|
$233.00K | USD | 1 Quarter |
| Operating (loss) income |
OperatingIncomeLoss
|
$-883.00K | USD | 1 Quarter |
| Operating (loss) income |
OperatingIncomeLoss
|
$8.28M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$263.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$517.00K | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$167.00K | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$201.00K | USD | 1 Quarter |
| (Loss) income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$8.22M | USD | 1 Quarter |
| (Loss) income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-1.23M | USD | 1 Quarter |
| Current |
CurrentIncomeTaxExpenseBenefit
|
$-5.37M | USD | 1 Quarter |
| Current |
CurrentIncomeTaxExpenseBenefit
|
$2.83M | USD | 1 Quarter |
| Deferred |
DeferredIncomeTaxExpenseBenefit
|
$-21.00K | USD | 1 Quarter |
| Deferred |
DeferredIncomeTaxExpenseBenefit
|
$5.00M | USD | 1 Quarter |
| Total provision for (benefit from) income taxes |
IncomeTaxExpenseBenefit
|
$-373.00K | USD | 1 Quarter |
| Total provision for (benefit from) income taxes |
IncomeTaxExpenseBenefit
|
$2.81M | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$-860.00K | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$5.41M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.53 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$-0.08 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$-0.08 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.52 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
10.27M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
10.30M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
10.34M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
10.35M | shares | 1 Quarter |
| Cash dividends declared per share |
CommonStockDividendsPerShareCashPaid
|
$0.35 | USD | 1 Quarter |
| Cash dividends declared per share |
CommonStockDividendsPerShareCashPaid
|
$0.35 | USD | 1 Quarter |
Cash Flow Statement
69 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss) income |
NetIncomeLoss
|
$-860.00K | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$5.41M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$3.55M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$3.09M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$20.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
- | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-21.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$4.57M | USD | 1 Quarter |
| Stock compensation expense |
ShareBasedCompensation
|
$98.00K | USD | 1 Quarter |
| Stock compensation expense |
ShareBasedCompensation
|
$149.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.46M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$2.41M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$284.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-152.00K | USD | 1 Quarter |
| Income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
- | USD | 1 Quarter |
| Income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$3.10M | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$385.00K | USD | 1 Quarter |
| Prepaid expenses |
IncreaseDecreaseInPrepaidExpense
|
$-266.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherCurrentAssets
|
$54.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherCurrentAssets
|
$674.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$1.63M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-975.00K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$4.01M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-239.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$3.61M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$8.86M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$25.57M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$18.03M | USD | 1 Quarter |
| Decrease (increase) in restricted cash |
IncreaseDecreaseInRestrictedCash
|
$-4.79M | USD | 1 Quarter |
| Decrease (increase) in restricted cash |
IncreaseDecreaseInRestrictedCash
|
$24.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-18.05M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-20.79M | USD | 1 Quarter |
| Proceeds from economic incentive |
ProceedsFromEconomicIncentive
|
$1.90M | USD | 1 Quarter |
| Proceeds from economic incentive |
ProceedsFromEconomicIncentive
|
$1.90M | USD | Point-in-time |
| Proceeds from economic incentive |
ProceedsFromEconomicIncentive
|
- | USD | 1 Quarter |
| Principal payments on long-term debt |
RepaymentsOfSecuredDebt
|
$1.14M | USD | 1 Quarter |
| Principal payments on long-term debt |
RepaymentsOfSecuredDebt
|
$675.00K | USD | 1 Quarter |
| Net borrowings on revolving credit line |
ProceedsFromRepaymentsOfLinesOfCredit
|
$17.99M | USD | 1 Quarter |
| Net borrowings on revolving credit line |
ProceedsFromRepaymentsOfLinesOfCredit
|
$12.79M | USD | 1 Quarter |
| Net proceeds from follow-on stock offering |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Net proceeds from follow-on stock offering |
ProceedsFromIssuanceOfCommonStock
|
$-35.00K | USD | 1 Quarter |
| Dividends paid to stockholders |
PaymentsOfDividendsCommonStock
|
- | USD | 1 Quarter |
| Dividends paid to stockholders |
PaymentsOfDividendsCommonStock
|
$3.60M | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$49.00K | USD | 1 Quarter |
| Proceeds from the exercise of stock options |
ProceedsFromStockOptionsExercised
|
$61.00K | USD | 1 Quarter |
| Excess tax benefit of stock options exercised |
ExcessTaxBenefitDeficencyFromShareBasedCompensationFinancingActivities
|
- | USD | 1 Quarter |
| Excess tax benefit of stock options exercised |
ExcessTaxBenefitDeficencyFromShareBasedCompensationFinancingActivities
|
$36.00K | USD | 1 Quarter |
| Deferred debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$101.00K | USD | 1 Quarter |
| Deferred debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$209.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$11.46M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$15.60M | USD | 1 Quarter |
| Net increase (decrease) in cash |
NetCashProvidedByUsedInContinuingOperations
|
$-2.97M | USD | 1 Quarter |
| Net increase (decrease) in cash |
NetCashProvidedByUsedInContinuingOperations
|
$3.68M | USD | 1 Quarter |
| Cash, beginning |
Cash
|
$8.04M | USD | Point-in-time |
| Cash, beginning |
Cash
|
$4.36M | USD | Point-in-time |
| Cash, beginning |
Cash
|
$5.78M | USD | Point-in-time |
| Cash, beginning |
Cash
|
$8.75M | USD | Point-in-time |
| Cash, ending |
Cash
|
$8.04M | USD | Point-in-time |
| Cash, ending |
Cash
|
$4.36M | USD | Point-in-time |
| Cash, ending |
Cash
|
$5.78M | USD | Point-in-time |
| Cash, ending |
Cash
|
$8.75M | USD | Point-in-time |
| Interest paid |
InterestPaid
|
$1.18M | USD | 1 Quarter |
| Interest paid |
InterestPaid
|
$386.00K | USD | 1 Quarter |
| Income taxes refunded, net |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Income taxes refunded, net |
IncomeTaxesPaidNet
|
$1.87M | USD | 1 Quarter |
| Tax benefits realized from stock options exercised |
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
|
$43.00K | USD | 1 Quarter |
| Tax benefits realized from stock options exercised |
EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
|
$36.00K | USD | 1 Quarter |
| Capital expenditures invoiced but not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
$13.32M | USD | 1 Quarter |
| Capital expenditures invoiced but not yet paid |
CapitalExpendituresIncurredButNotYetPaid
|
- | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.