10-Q Filing

CPI Card Group Inc. CIK: 1641614 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-004380`
Period End Date	20180331
Filing Date	20180509
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	pmts-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 43 Cash Flow Statement 58

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
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
Common shares, authorized shares (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common shares, authorized shares (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.91M	USD	Point-in-time
Common shares, issued shares (in shares)	`CommonStockSharesIssued`	11.13M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.95M	USD	Point-in-time
Common shares, issued shares (in shares)	`CommonStockSharesIssued`	11.13M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$42.28M	USD	Point-in-time
Common shares, outstanding shares (in shares)	`CommonStockSharesOutstanding`	11.13M	shares	Point-in-time
Common shares, outstanding shares (in shares)	`CommonStockSharesOutstanding`	11.13M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$37.54M	USD	Point-in-time
Inventories	`InventoryNet`	$16.24M	USD	Point-in-time
Inventories	`InventoryNet`	$8.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.96M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.26M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$8.93M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$8.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$84.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$89.37M	USD	Point-in-time
Plant, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$50.24M	USD	Point-in-time
Plant, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$49.30M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$41.47M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$40.30M	USD	Point-in-time
Goodwill	`Goodwill`	$53.61M	USD	Point-in-time
Goodwill	`Goodwill`	$53.86M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$234.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$248.00K	USD	Point-in-time
Total assets	`Assets`	$228.90M	USD	Point-in-time
Total assets	`Assets`	$234.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.55M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$14.97M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$13.82M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$678.00K	USD	Point-in-time
Deferred revenue and customer deposits	`ContractWithCustomerLiabilityCurrent`	$403.00K	USD	Point-in-time
Deferred revenue and customer deposits	`ContractWithCustomerLiabilityCurrent`	$4.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$31.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$34.54M	USD	Point-in-time
Long-term debt	`SecuredLongTermDebt`	$304.36M	USD	Point-in-time
Long-term debt	`SecuredLongTermDebt`	$303.87M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$12.29M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$11.21M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.88M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$353.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$352.32M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock; $0.001 par value100,000,000 shares authorized; 11,134,714 shares issued and outstanding at March 31, 2018 and December 31, 2017	`CommonStockValue`	$11.00K	USD	Point-in-time
Common Stock; $0.001 par value100,000,000 shares authorized; 11,134,714 shares issued and outstanding at March 31, 2018 and December 31, 2017	`CommonStockValue`	$11.00K	USD	Point-in-time
Capital deficiency	`AdditionalPaidInCapitalCommonStock`	$-113.08M	USD	Point-in-time
Capital deficiency	`AdditionalPaidInCapitalCommonStock`	$-112.74M	USD	Point-in-time
Accumulated loss	`RetainedEarningsAccumulatedDeficit`	$-5.86M	USD	Point-in-time
Accumulated loss	`RetainedEarningsAccumulatedDeficit`	$-1.37M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.14M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.83M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-119.57M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-123.42M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$234.00M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$228.90M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Total net sales	`Revenues`	$59.07M	USD	1 Quarter
Total net sales	`Revenues`	$56.01M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$2.78M	USD	1 Quarter
Depreciation and amortization	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$3.63M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$39.91M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$44.63M	USD	1 Quarter
Gross Profit	`GrossProfit`	$16.09M	USD	1 Quarter
Gross Profit	`GrossProfit`	$14.44M	USD	1 Quarter
Selling, general and administrative (exclusive of depreciation and amortization shown below)	`SellingGeneralAndAdministrativeExpense`	$16.16M	USD	1 Quarter
Selling, general and administrative (exclusive of depreciation and amortization shown below)	`SellingGeneralAndAdministrativeExpense`	$16.82M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.59M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$17.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$18.41M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.97M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.81M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNet`	$-5.06M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNet`	$-5.52M	USD	1 Quarter
Foreign currency gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$207.00K	USD	1 Quarter
Foreign currency gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$73.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Total other expense, net	`TotalNonoperatingIncomeExpenseAndInterestAndDebtExpense`	$-4.99M	USD	1 Quarter
Total other expense, net	`TotalNonoperatingIncomeExpenseAndInterestAndDebtExpense`	$-5.31M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.80M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-9.28M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.99M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.29M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.51M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.29M	USD	1 Quarter
(Loss) earnings per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.40	USD	1 Quarter
(Loss) earnings per share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.65	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.08M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.13M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.13M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.08M	shares	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.23	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.51M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.29M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$309.00K	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$201.00K	USD	1 Quarter
Total comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.30M	USD	1 Quarter
Total comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.98M	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-7.29M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.51M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAmortizationAndAccretionNet`	$5.22M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAmortizationAndAccretionNet`	$4.53M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$395.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$546.00K	USD	1 Quarter
Amortization of debt issuance costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$486.00K	USD	1 Quarter
Amortization of debt issuance costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$484.00K	USD	1 Quarter
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.62M	USD	1 Quarter
Deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$351.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-39.00K	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-195.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.07M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.38M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.55M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-681.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$485.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$282.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$194.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInIncomeTaxes`	$-2.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.75M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.42M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.79M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$421.00K	USD	1 Quarter
Deferred revenue and customer deposits	`IncreaseDecreaseInContractWithCustomerLiabilityCurrent`	$3.42M	USD	1 Quarter
Deferred revenue and customer deposits	`IncreaseDecreaseInContractWithCustomerLiabilityCurrent`	$-142.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$357.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-306.00K	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.78M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.01M	USD	1 Quarter
Acquisitions of plant, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.16M	USD	1 Quarter
Acquisitions of plant, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.28M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.28M	USD	1 Quarter
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.16M	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$129.00K	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
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-129.00K	USD	1 Quarter
Cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.86M	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$108.00K	USD	1 Quarter
Effect of exchange rates on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$66.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.05M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.01M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.95M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.20M	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`	$23.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.95M	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaidNet`	$4.49M	USD	1 Quarter
Cash paid during the period for: Interest	`InterestPaidNet`	$4.76M	USD	1 Quarter
Cash paid during the period for: Income taxes, net (refunds) payments	`IncomeTaxesPaidNet`	$65.00K	USD	1 Quarter
Cash paid during the period for: Income taxes, net (refunds) payments	`IncomeTaxesPaidNet`	$-88.00K	USD	1 Quarter
Capital lease obligations incurred for certain machinery and equipment leases	`CapitalLeaseObligationsIncurred`	$3.73M	USD	1 Quarter
Accounts payable for acquisitions of plant, equipment and leasehold improvements	`CapitalExpendituresIncurredButNotYetPaid`	$536.00K	USD	1 Quarter
Accounts payable for acquisitions of plant, equipment and leasehold improvements	`CapitalExpendituresIncurredButNotYetPaid`	$400.00K	USD	1 Quarter

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