10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001437749-15-017917 |
| Period End Date | 20150831 |
| Filing Date | 20151001 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | lndc-20150830.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
76 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$423.00K | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$382.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.10M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$14.24M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$8.53M | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$14.13M | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $423 and $382 at August 30, 2015 and May 31, 2015, respectively |
AccountsReceivableNetCurrent
|
$46.48M | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $423 and $382 at August 30, 2015 and May 31, 2015, respectively |
AccountsReceivableNetCurrent
|
$44.52M | USD | Point-in-time |
| Income taxes receivable |
IncomeTaxesReceivable
|
$134.00K | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
26.99M | shares | Point-in-time |
| Income taxes receivable |
IncomeTaxesReceivable
|
$152.00K | USD | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
27.02M | shares | Point-in-time |
| Inventories, net |
InventoryNet
|
$28.42M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$25.03M | USD | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
26.99M | shares | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
27.02M | shares | Point-in-time |
| Deferred taxes |
DeferredTaxAssetsNetCurrent
|
$2.04M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxAssetsNetCurrent
|
$2.11M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$5.13M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$5.31M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$93.20M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$87.35M | USD | Point-in-time |
| Investment in non-public company, fair value |
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
$61.50M | USD | Point-in-time |
| Investment in non-public company, fair value |
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
|
$62.30M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$84.47M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$85.95M | USD | Point-in-time |
| Goodwill, net |
Goodwill
|
$49.62M | USD | Point-in-time |
| Goodwill, net |
Goodwill
|
$49.62M | USD | Point-in-time |
| Trademarks/tradenames, net |
IndefiniteLivedTrademarks
|
$48.43M | USD | Point-in-time |
| Trademarks/tradenames, net |
IndefiniteLivedTrademarks
|
$48.43M | USD | Point-in-time |
| Customer relationships, net |
FiniteLivedCustomerListsNet
|
$7.83M | USD | Point-in-time |
| Customer relationships, net |
FiniteLivedCustomerListsNet
|
$7.63M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.30M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.42M | USD | Point-in-time |
| Total Assets |
Assets
|
$346.46M | USD | Point-in-time |
| Total Assets |
Assets
|
$342.58M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$35.01M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$31.95M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$1.23M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$104.00K | USD | Point-in-time |
| Accrued compensation |
EmployeeRelatedLiabilitiesCurrent
|
$3.91M | USD | Point-in-time |
| Accrued compensation |
EmployeeRelatedLiabilitiesCurrent
|
$6.74M | USD | Point-in-time |
| Other accrued liabilities |
OtherAccruedLiabilitiesCurrent
|
$3.98M | USD | Point-in-time |
| Other accrued liabilities |
OtherAccruedLiabilitiesCurrent
|
$4.85M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$843.00K | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$854.00K | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$8.35M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$7.65M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$49.32M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$56.16M | USD | Point-in-time |
| Long-term portion |
LongTermDebtNoncurrent
|
$34.17M | USD | Point-in-time |
| Long-term portion |
LongTermDebtNoncurrent
|
$32.95M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxLiabilitiesNoncurrent
|
$34.78M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxLiabilitiesNoncurrent
|
$34.34M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesCurrent
|
$1.69M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesCurrent
|
$1.53M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$126.36M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$118.58M | USD | Point-in-time |
| Common stock, $0.001 par value; 50,000,000 shares authorized; 27,015,022 and 26,990,490 shares issued and outstanding at August 30, 2015 and May 31, 2015, respectively |
CommonStockValue
|
$27.00K | USD | Point-in-time |
| Common stock, $0.001 par value; 50,000,000 shares authorized; 27,015,022 and 26,990,490 shares issued and outstanding at August 30, 2015 and May 31, 2015, respectively |
CommonStockValue
|
$27.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$134.22M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$133.31M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$88.05M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$85.10M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquity
|
$218.43M | USD | Point-in-time |
| Total Stockholders Equity |
StockholdersEquity
|
$222.30M | USD | Point-in-time |
| Non-controlling interest |
MinorityInterest
|
$1.71M | USD | Point-in-time |
| Non-controlling interest |
MinorityInterest
|
$1.68M | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$224.01M | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$220.11M | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$342.58M | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$346.46M | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Product sales |
SalesRevenueGoodsNet
|
$133.61M | USD | 1 Quarter |
| Product sales |
SalesRevenueGoodsNet
|
$135.35M | USD | 1 Quarter |
| Cost of product sales |
CostOfGoodsSold
|
$117.38M | USD | 1 Quarter |
| Cost of product sales |
CostOfGoodsSold
|
$119.43M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$14.19M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$17.98M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$1.88M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$1.79M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$12.16M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$8.86M | USD | 1 Quarter |
| Total operating costs and expenses |
OperatingExpenses
|
$10.65M | USD | 1 Quarter |
| Total operating costs and expenses |
OperatingExpenses
|
$14.04M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$3.94M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$3.53M | USD | 1 Quarter |
| Dividend income |
InvestmentIncomeDividend
|
$413.00K | USD | 1 Quarter |
| Dividend income |
InvestmentIncomeDividend
|
$281.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$31.00K | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$93.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$383.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$502.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$800.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$200.00K | USD | 1 Quarter |
| Net income before taxes |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$4.68M | USD | 1 Quarter |
| Net income before taxes |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$3.73M | USD | 1 Quarter |
| Income tax expense |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$1.30M | USD | 1 Quarter |
| Income tax expense |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$1.69M | USD | 1 Quarter |
| Consolidated net income |
ProfitLoss
|
$2.42M | USD | 1 Quarter |
| Consolidated net income |
ProfitLoss
|
$2.99M | USD | 1 Quarter |
| Non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$71.00K | USD | 1 Quarter |
| Non-controlling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$36.00K | USD | 1 Quarter |
| Net income and comprehensive income applicable to common stockholders |
ComprehensiveIncomeNetOfTax
|
$2.35M | USD | 1 Quarter |
| Net income and comprehensive income applicable to common stockholders |
ComprehensiveIncomeNetOfTax
|
$2.95M | USD | 1 Quarter |
| Basic net income per share (in dollars per share) |
EarningsPerShareBasic
|
$0.11 | USD | 1 Quarter |
| Basic net income per share (in dollars per share) |
EarningsPerShareBasic
|
$0.09 | USD | 1 Quarter |
| Diluted net income per share (in dollars per share) |
EarningsPerShareDiluted
|
$0.11 | USD | 1 Quarter |
| Diluted net income per share (in dollars per share) |
EarningsPerShareDiluted
|
$0.09 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
27.00M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
26.84M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
27.27M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
27.41M | shares | 1 Quarter |
Cash Flow Statement
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated net income |
ProfitLoss
|
$2.42M | USD | 1 Quarter |
| Consolidated net income |
ProfitLoss
|
$2.99M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.51M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.21M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$797.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$398.00K | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$429.00K | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxExpenseBenefit
|
$509.00K | USD | 1 Quarter |
| Change in investment in non-public company, fair value |
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
$200.00K | USD | 1 Quarter |
| Change in investment in non-public company, fair value |
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
|
$800.00K | USD | 1 Quarter |
| Tax benefit from stock based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$74.00K | USD | 1 Quarter |
| Tax benefit from stock based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
- | USD | 1 Quarter |
| Net gain on disposal of property and equipment |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Net gain on disposal of property and equipment |
GainLossOnDispositionOfAssets
|
$3.00K | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInReceivables
|
$-1.96M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInReceivables
|
$-929.00K | USD | 1 Quarter |
| Income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$-92.00K | USD | 1 Quarter |
| Income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$-936.00K | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$3.40M | USD | 1 Quarter |
| Inventories, net |
IncreaseDecreaseInInventories
|
$3.10M | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInNotesReceivables
|
$-178.00K | USD | 1 Quarter |
| Prepaid expenses and other current assets |
IncreaseDecreaseInNotesReceivables
|
$2.82M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-3.06M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$5.26M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
- | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-1.12M | USD | 1 Quarter |
| Accrued compensation |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-2.83M | USD | 1 Quarter |
| Accrued compensation |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-549.00K | USD | 1 Quarter |
| Other accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-1.08M | USD | 1 Quarter |
| Other accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$706.00K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-195.00K | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$11.00K | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$3.94M | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-1.84M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.49M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$4.10M | USD | 1 Quarter |
| Investment in non-public company, fair value |
PaymentsToAcquireInvestments
|
$11.00M | USD | 1 Quarter |
| Investment in non-public company, fair value |
PaymentsToAcquireInvestments
|
- | USD | 1 Quarter |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Proceeds from sale of fixed assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$91.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-15.10M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-3.40M | USD | 1 Quarter |
| Proceeds from sale of common stock |
ProceedsFromIssuanceOfCommonStock
|
$41.00K | USD | 1 Quarter |
| Proceeds from sale of common stock |
ProceedsFromIssuanceOfCommonStock
|
$3.00K | USD | 1 Quarter |
| Taxes paid by Company for stock swaps and RSUs |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$12.00K | USD | 1 Quarter |
| Taxes paid by Company for stock swaps and RSUs |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
- | USD | 1 Quarter |
| Tax benefit from stock based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$74.00K | USD | 1 Quarter |
| Tax benefit from stock based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
- | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$7.07M | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$1.92M | USD | 1 Quarter |
| Payments on long-term debt |
RepaymentsOfLongTermDebt
|
$1.41M | USD | 1 Quarter |
| Proceeds from lines of credit |
ProceedsFromLinesOfCredit
|
- | USD | 1 Quarter |
| Proceeds from lines of credit |
ProceedsFromLinesOfCredit
|
$11.12M | USD | 1 Quarter |
| Payments on lines of credit |
RepaymentsOfLinesOfCredit
|
- | USD | 1 Quarter |
| Payments on lines of credit |
RepaymentsOfLinesOfCredit
|
$11.12M | USD | 1 Quarter |
| Change in other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$209.00K | USD | 1 Quarter |
| Change in other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$-12.00K | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-1.79M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$5.44M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-5.71M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-7.02M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.10M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$14.24M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$8.53M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$14.13M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.10M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$14.24M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$8.53M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$14.13M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.