10-Q Filing

CPI Card Group Inc. CIK: 1641614 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-003426`
Period End Date	20170331
Filing Date	20170504
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	pmts-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 53 Cash Flow Statement 57

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Allowance on accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$126.00K	USD	Point-in-time
Allowance on accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$71.00K	USD	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.91M	USD	Point-in-time
Common shares, authorized shares (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.95M	USD	Point-in-time
Common shares, authorized shares (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.61M	USD	Point-in-time
Common shares, issued shares (in shares)	`CommonStockSharesIssued`	55.59M	shares	Point-in-time
Accounts receivable, net of allowances of $71 and $126, respectively	`AccountsReceivableNetCurrent`	$31.49M	USD	Point-in-time
Common shares, issued shares (in shares)	`CommonStockSharesIssued`	55.36M	shares	Point-in-time
Accounts receivable, net of allowances of $71 and $126, respectively	`AccountsReceivableNetCurrent`	$33.95M	USD	Point-in-time
Inventories	`InventoryNet`	$19.37M	USD	Point-in-time
Inventories	`InventoryNet`	$23.98M	USD	Point-in-time
Common shares, outstanding shares (in shares)	`CommonStockSharesOutstanding`	55.36M	shares	Point-in-time
Common shares, outstanding shares (in shares)	`CommonStockSharesOutstanding`	55.59M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.05M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$92.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$90.84M	USD	Point-in-time
Plant, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$53.42M	USD	Point-in-time
Plant, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$53.47M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$45.14M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$46.35M	USD	Point-in-time
Goodwill	`Goodwill`	$72.00M	USD	Point-in-time
Goodwill	`Goodwill`	$72.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$271.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$240.00K	USD	Point-in-time
Total assets	`Assets`	$264.42M	USD	Point-in-time
Total assets	`Assets`	$261.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.80M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$17.49M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$15.70M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$64.00K	USD	Point-in-time
Deferred revenue and customer deposits	`DeferredRevenueAndCreditsCurrent`	$10.24M	USD	Point-in-time
Deferred revenue and customer deposits	`DeferredRevenueAndCreditsCurrent`	$6.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$35.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.74M	USD	Point-in-time
Long-term debt	`SecuredLongTermDebt`	$302.41M	USD	Point-in-time
Long-term debt	`SecuredLongTermDebt`	$301.92M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$20.94M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$21.26M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.23M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$359.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$363.68M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock; $0.001 par value100,000,000 shares authorized; 55,592,024 and 55,359,251 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$55.00K	USD	Point-in-time
Common Stock; $0.001 par value100,000,000 shares authorized; 55,592,024 and 55,359,251 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$56.00K	USD	Point-in-time
Capital deficiency	`AdditionalPaidInCapitalCommonStock`	$-114.88M	USD	Point-in-time
Capital deficiency	`AdditionalPaidInCapitalCommonStock`	$-114.38M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$25.97M	USD	Point-in-time
Accumulated earnings	`RetainedEarningsAccumulatedDeficit`	$18.66M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.21M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-95.27M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-101.88M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$264.42M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$261.80M	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$54.96M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$29.76M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$31.43M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$26.24M	USD	1 Quarter
Total net sales	`SalesRevenueNet`	$86.39M	USD	1 Quarter
Total net sales	`SalesRevenueNet`	$56.01M	USD	1 Quarter
Products (exclusive of depreciation and amortization shown below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$36.35M	USD	1 Quarter
Products (exclusive of depreciation and amortization shown below)	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$19.69M	USD	1 Quarter
Services (exclusive of depreciation and amortization shown below)	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$17.76M	USD	1 Quarter
Services (exclusive of depreciation and amortization shown below)	`CostOfServicesExcludingDepreciationDepletionAndAmortization`	$17.44M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$2.78M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$2.58M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$39.91M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$56.70M	USD	1 Quarter
Gross Profit	`GrossProfit`	$29.69M	USD	1 Quarter
Gross Profit	`GrossProfit`	$16.09M	USD	1 Quarter
Selling, general and administrative (exclusive of depreciation and amortization shown below)	`SellingGeneralAndAdministrativeExpense`	$14.50M	USD	1 Quarter
Selling, general and administrative (exclusive of depreciation and amortization shown below)	`SellingGeneralAndAdministrativeExpense`	$16.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.53M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.75M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.03M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$17.90M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$-1.81M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$13.66M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNet`	$-5.03M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNet`	$-5.06M	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$73.00K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-102.00K	USD	1 Quarter
Other income (loss), net	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Other income (loss), net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Total other expense, net	`TotalNonoperatingIncomeExpenseAndInterestAndDebtExpense`	$-4.99M	USD	1 Quarter
Total other expense, net	`TotalNonoperatingIncomeExpenseAndInterestAndDebtExpense`	$-5.14M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.53M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.80M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-2.29M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$2.81M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$5.71M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-4.51M	USD	1 Quarter
Basic and diluted (loss) earnings per share:	`EarningsPerShareBasicAndDiluted`	$0.10	USD	1 Quarter
Basic and diluted (loss) earnings per share:	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	56.54M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	55.42M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.84M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.42M	shares	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.04	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.04	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.04	USD	Point-in-time
Net (loss) income	`NetIncomeLoss`	$5.71M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-4.51M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$82.00K	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$201.00K	USD	1 Quarter
Total comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.30M	USD	1 Quarter
Total comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.80M	USD	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$5.71M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-4.51M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAmortizationAndAccretionNet`	$4.53M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAmortizationAndAccretionNet`	$4.11M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$745.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$546.00K	USD	1 Quarter
Amortization of debt issuance costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$482.00K	USD	1 Quarter
Amortization of debt issuance costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$484.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$239.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$351.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$58.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-13.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-39.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.71M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.38M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.55M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.96M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$532.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$485.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-2.00M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$4.43M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.76M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.75M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.79M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.98M	USD	1 Quarter
Deferred revenue and customer deposits	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$199.00K	USD	1 Quarter
Deferred revenue and customer deposits	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$3.42M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$357.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-18.00K	USD	1 Quarter
Cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.76M	USD	1 Quarter
Cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.01M	USD	1 Quarter
Acquisitions of plant, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.78M	USD	1 Quarter
Acquisitions of plant, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.28M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.78M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.28M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$2.53M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$2.53M	USD	1 Quarter
Taxes withheld and paid on stock-based compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$336.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$239.00K	USD	1 Quarter
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.86M	USD	1 Quarter
Cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$239.00K	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$108.00K	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$32.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents:	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.05M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents:	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.25M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.85M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.95M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.85M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.95M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.61M	USD	Point-in-time
Interest	`InterestPaid`	$4.62M	USD	1 Quarter
Interest	`InterestPaid`	$4.49M	USD	1 Quarter
Income taxes, net payments (refunds)	`IncomeTaxesPaidNet`	$65.00K	USD	1 Quarter
Income taxes, net payments (refunds)	`IncomeTaxesPaidNet`	$-1.57M	USD	1 Quarter

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