10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001437749-16-035033 |
| Period End Date | 20160531 |
| Filing Date | 20160708 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | pke-20160529.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts receivable |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$324.00K | USD | Point-in-time |
| Allowance for doubtful accounts receivable |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$324.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$97.76M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$106.86M | USD | Point-in-time |
| Marketable securities (Note 3) |
MarketableSecuritiesCurrent
|
$135.54M | USD | Point-in-time |
| Marketable securities (Note 3) |
MarketableSecuritiesCurrent
|
$139.67M | USD | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $324 |
AccountsReceivableNetCurrent
|
$22.58M | USD | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $324 |
AccountsReceivableNetCurrent
|
$18.42M | USD | Point-in-time |
| Inventories (Note 4) |
InventoryNet
|
$12.00M | USD | Point-in-time |
| Inventories (Note 4) |
InventoryNet
|
$10.21M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$2.32M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$1.96M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$275.15M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$272.19M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$20.74M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$21.51M | USD | Point-in-time |
| Goodwill and other intangible assets |
IntangibleAssetsNetIncludingGoodwill
|
$9.83M | USD | Point-in-time |
| Goodwill and other intangible assets |
IntangibleAssetsNetIncludingGoodwill
|
$9.83M | USD | Point-in-time |
| Restricted cash (Note 5) |
RestrictedCashAndCashEquivalentsNoncurrent
|
$10.00M | USD | Point-in-time |
| Restricted cash (Note 5) |
RestrictedCashAndCashEquivalentsNoncurrent
|
$10.00M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.28M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.25M | USD | Point-in-time |
| Total assets |
Assets
|
$317.00M | USD | Point-in-time |
| Total assets |
Assets
|
$314.78M | USD | Point-in-time |
| Current portion of long-term debt (Note 5) |
LongTermDebtCurrent
|
$3.00M | USD | Point-in-time |
| Current portion of long-term debt (Note 5) |
LongTermDebtCurrent
|
$3.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$6.16M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$6.84M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$4.58M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$5.21M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$3.46M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$2.94M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$18.51M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$16.68M | USD | Point-in-time |
| Long-term debt (Note 5) |
LongTermDebtNoncurrent
|
$71.25M | USD | Point-in-time |
| Long-term debt (Note 5) |
LongTermDebtNoncurrent
|
$72.00M | USD | Point-in-time |
| Deferred income taxes (Note 9) |
DeferredTaxLiabilitiesNoncurrent
|
$43.94M | USD | Point-in-time |
| Deferred income taxes (Note 9) |
DeferredTaxLiabilitiesNoncurrent
|
$43.94M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$1.29M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$1.24M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$133.91M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$134.94M | USD | Point-in-time |
| Commitments and contingencies (Note 11) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 11) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$2.10M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$2.10M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$166.40M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$166.75M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$25.92M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$26.85M | USD | Point-in-time |
| Accumulated other comprehensive earnings |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$1.39M | USD | Point-in-time |
| Accumulated other comprehensive earnings |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$1.47M | USD | Point-in-time |
| StockoldersEquityIncludingTreasuryStock |
StockoldersEquityIncludingTreasuryStock
|
$195.89M | USD | Point-in-time |
| StockoldersEquityIncludingTreasuryStock |
StockoldersEquityIncludingTreasuryStock
|
$197.08M | USD | Point-in-time |
| Less treasury stock, at cost |
TreasuryStockValue
|
$15.02M | USD | Point-in-time |
| Less treasury stock, at cost |
TreasuryStockValue
|
$15.02M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$180.87M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$182.06M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$317.00M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$314.78M | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$37.83M | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$31.49M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$26.46M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$22.70M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$8.79M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$11.37M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$5.34M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$5.80M | USD | 1 Quarter |
| Restructuring charges (Note 6) |
RestructuringCharges
|
$124.00K | USD | 1 Quarter |
| Restructuring charges (Note 6) |
RestructuringCharges
|
$70.00K | USD | 1 Quarter |
| Earnings from operations |
OperatingIncomeLoss
|
$5.44M | USD | 1 Quarter |
| Earnings from operations |
OperatingIncomeLoss
|
$3.38M | USD | 1 Quarter |
| Interest expense (Note 5) |
InterestExpense
|
$369.00K | USD | 1 Quarter |
| Interest expense (Note 5) |
InterestExpense
|
$333.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$378.00K | USD | 1 Quarter |
| Interest and other income |
InterestAndOtherIncome
|
$265.00K | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$5.34M | USD | 1 Quarter |
| Earnings before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$3.42M | USD | 1 Quarter |
| Income tax provision (Note 9) |
IncomeTaxExpenseBenefit
|
$475.00K | USD | 1 Quarter |
| Income tax provision (Note 9) |
IncomeTaxExpenseBenefit
|
$561.00K | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$4.78M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$2.95M | USD | 1 Quarter |
| Basic earnings per share (in dollars per share) |
EarningsPerShareBasic
|
$0.15 | USD | 1 Quarter |
| Basic earnings per share (in dollars per share) |
EarningsPerShareBasic
|
$0.23 | USD | 1 Quarter |
| Basic weighted average shares (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
20.23M | shares | 1 Quarter |
| Basic weighted average shares (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
20.55M | shares | 1 Quarter |
| Diluted earnings per share (in dollars per share) |
EarningsPerShareDiluted
|
$0.15 | USD | 1 Quarter |
| Diluted earnings per share (in dollars per share) |
EarningsPerShareDiluted
|
$0.23 | USD | 1 Quarter |
| Diluted weighted average shares (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
20.23M | shares | 1 Quarter |
| Diluted weighted average shares (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
20.57M | shares | 1 Quarter |
| Dividends declared per share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.10 | USD | 1 Quarter |
| Dividends declared per share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.10 | USD | 1 Quarter |
Cash Flow Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$4.78M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$2.95M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$827.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$837.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$352.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$419.00K | USD | 1 Quarter |
| Gain on sale of fixed assets |
GainLossOnDispositionOfAssets
|
$15.00K | USD | 1 Quarter |
| Gain on sale of fixed assets |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Provision for deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-10.86M | USD | 1 Quarter |
| Provision for deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Amortization of bond premium |
AmortizationOfDebtDiscountPremium
|
$205.00K | USD | 1 Quarter |
| Amortization of bond premium |
AmortizationOfDebtDiscountPremium
|
$133.00K | USD | 1 Quarter |
| Changes in operating assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$-4.17M | USD | 1 Quarter |
| Changes in operating assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$1.20M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$8.41M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-5.82M | USD | 1 Quarter |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$41.00K | USD | 1 Quarter |
| Purchase of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$176.00K | USD | 1 Quarter |
| Proceeds from Sale of Property, Plant, and Equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$15.00K | USD | 1 Quarter |
| Proceeds from Sale of Property, Plant, and Equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$2.03M | USD | 1 Quarter |
| Purchases of marketable securities |
PaymentsToAcquireMarketableSecurities
|
$40.92M | USD | 1 Quarter |
| Purchases of marketable securities |
PaymentsToAcquireMarketableSecurities
|
$16.07M | USD | 1 Quarter |
| Proceeds from sales and maturities of marketable securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$3.56M | USD | 1 Quarter |
| Proceeds from sales and maturities of marketable securities |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$19.57M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-35.51M | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$3.48M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$2.06M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$2.02M | USD | 1 Quarter |
| Restricted cash (Note 5) |
IncreaseDecreaseInRestrictedCash
|
- | USD | 1 Quarter |
| Restricted cash (Note 5) |
IncreaseDecreaseInRestrictedCash
|
$25.00M | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$50.00K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
- | USD | 1 Quarter |
| Payments of long-term debt |
RepaymentsOfLongTermDebt
|
$750.00K | USD | 1 Quarter |
| Payments of long-term debt |
RepaymentsOfLongTermDebt
|
$2.50M | USD | 1 Quarter |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Purchase of treasury stock |
PaymentsForRepurchaseOfCommonStock
|
$9.48M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-2.77M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-39.00M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes |
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$9.12M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes |
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-80.33M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$346.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-20.00K | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-79.98M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$9.10M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-141.54M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-97.76M | USD | 1 Quarter |
| Cash and cash equivalents, end of period |
IncreaseDecreaseInAccountsPayable
|
$106.86M | USD | 1 Quarter |
| Cash and cash equivalents, end of period |
IncreaseDecreaseInAccountsPayable
|
$61.56M | USD | 1 Quarter |
| Cash paid during the period for income taxes, net of refunds |
IncomeTaxesPaidNet
|
$11.31M | USD | 1 Quarter |
| Cash paid during the period for income taxes, net of refunds |
IncomeTaxesPaidNet
|
- | USD | 1 Quarter |
| Cash paid during the period for interest |
InterestPaidNet
|
$209.00K | USD | 1 Quarter |
| Cash paid during the period for interest |
InterestPaidNet
|
$206.00K | USD | 1 Quarter |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$4.78M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$2.95M | USD | 1 Quarter |
| Foreign currency translation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-21.00K | USD | 1 Quarter |
| Foreign currency translation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$55.00K | USD | 1 Quarter |
| Other comprehensive (loss) earnings |
OtherComprehensiveIncomeLossNetOfTax
|
$-85.00K | USD | 1 Quarter |
| Other comprehensive (loss) earnings |
OtherComprehensiveIncomeLossNetOfTax
|
$124.00K | USD | 1 Quarter |
| Total comprehensive earnings |
ComprehensiveIncomeNetOfTax
|
$4.90M | USD | 1 Quarter |
| Total comprehensive earnings |
ComprehensiveIncomeNetOfTax
|
$2.87M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.