10-Q Filing

SMITH & WESSON BRANDS, INC. CIK: 1092796 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-007612`
Period End Date	20150731
Filing Date	20150827
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	swhc-20150731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 44 Cash Flow Statement 75 Stockholders Equity 18

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$737.00K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$722.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.42M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$83.46M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $737 on July 31, 2015 and $722 on April 30, 2015	`AccountsReceivableNetCurrent`	$51.53M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $737 on July 31, 2015 and $722 on April 30, 2015	`AccountsReceivableNetCurrent`	$55.28M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`FIFOInventoryAmount`	$76.89M	USD	Point-in-time
Inventories	`FIFOInventoryAmount`	$90.09M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.81M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.31M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$16.37M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$16.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$223.23M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	69.63M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$197.08M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	69.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.37M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$133.84M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$134.18M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	54.06M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.56M	shares	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$70.54M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$73.77M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	15.56M	shares	Point-in-time
Goodwill	`Goodwill`	$75.43M	USD	Point-in-time
Goodwill	`Goodwill`	$76.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.09M	USD	Point-in-time
Assets, Total	`Assets`	$490.93M	USD	Point-in-time
Assets, Total	`Assets`	$514.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.36M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$16.21M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$19.02M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$7.56M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$9.37M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$4.89M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$4.22M	USD	Point-in-time
Accrued taxes other than income	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$3.29M	USD	Point-in-time
Accrued taxes other than income	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$5.28M	USD	Point-in-time
Accrued profit sharing	`DeferredCompensationCashBasedArrangementsLiabilityCurrent`	$7.91M	USD	Point-in-time
Accrued profit sharing	`DeferredCompensationCashBasedArrangementsLiabilityCurrent`	$6.17M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$6.16M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$6.40M	USD	Point-in-time
Current portion of notes payable	`NotesPayableCurrent`	$6.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$81.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$89.08M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$33.91M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$33.45M	USD	Point-in-time
Notes payable, net of current portion	`LongTermNotesPayable`	$170.93M	USD	Point-in-time
Notes payable, net of current portion	`LongTermNotesPayable`	$170.75M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$10.82M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$10.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$296.56M	USD	Point-in-time
Total liabilities	`Liabilities`	$304.10M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.001 par value, 20,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value, 20,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 69,931,033 shares issued and 54,368,411 shares outstanding on July 31, 2015 and 69,625,081 shares issued and 54,062,459 shares outstanding on April 30, 2015	`CommonStockValue`	$70.00K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 69,931,033 shares issued and 54,368,411 shares outstanding on July 31, 2015 and 69,625,081 shares issued and 54,062,459 shares outstanding on April 30, 2015	`CommonStockValue`	$70.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$219.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$220.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$147.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$161.76M	USD	Point-in-time
Accumulated other comprehensive (loss)/income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$73.00K	USD	Point-in-time
Accumulated other comprehensive (loss)/income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-43.00K	USD	Point-in-time
Treasury stock, at cost (15,562,622 shares on July 31, 2015 and April 30, 2015)	`TreasuryStockValue`	$172.32M	USD	Point-in-time
Treasury stock, at cost (15,562,622 shares on July 31, 2015 and April 30, 2015)	`TreasuryStockValue`	$172.32M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$194.37M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$210.00M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$514.10M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$490.93M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$131.87M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$147.76M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$82.75M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$88.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$58.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$49.12M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.40M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.46M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$7.95M	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$9.22M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.44M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.04M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.44M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$29.05M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$25.68M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$29.82M	USD	1 Quarter
Other (expense)/income, net	`OtherNonoperatingIncomeExpense`	$-6.00K	USD	1 Quarter
Other (expense)/income, net	`OtherNonoperatingIncomeExpense`	$-6.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$24.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$51.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.25M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.98M	USD	1 Quarter
Total other (expense)/income, net	`NonoperatingIncomeExpense`	$-7.21M	USD	1 Quarter
Total other (expense)/income, net	`NonoperatingIncomeExpense`	$-1.97M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.61M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$23.71M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.20M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.41M	USD	1 Quarter
Fair market value adjustment of interest rate swap	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax`	$-181.00K	USD	1 Quarter
Other comprehensive loss, before income taxes	`OtherComprehensiveIncomeLossBeforeTax`	$-181.00K	USD	1 Quarter
Income tax benefit on other comprehensive income	`OtherComprehensiveIncomeLossTax`	$-65.00K	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-116.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.56M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.30M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	54.83M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	54.22M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	55.48M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.15M	shares	1 Quarter

Cash Flow Statement 75 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$14.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.03M	USD	1 Quarter
Loss/(gain) on sale/disposition of assets	`GainLossOnDispositionOfAssets`	$88.00K	USD	1 Quarter
Loss/(gain) on sale/disposition of assets	`GainLossOnDispositionOfAssets`	$-63.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForOrRecoveriesOfDoubtfulAccounts`	$15.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForOrRecoveriesOfDoubtfulAccounts`	$17.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.58M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.54M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.21M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.73M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.19M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$11.60M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.24M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.51M	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-669.00K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-8.75M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.59M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.18M	USD	1 Quarter
Accrued payroll	`IncreaseDecreaseInAccruedSalaries`	$1.81M	USD	1 Quarter
Accrued payroll	`IncreaseDecreaseInAccruedSalaries`	$-8.38M	USD	1 Quarter
Accrued taxes other than income	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-2.00M	USD	1 Quarter
Accrued taxes other than income	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-1.02M	USD	1 Quarter
Accrued profit sharing	`IncreaseDecreaseInDeferredCompensation`	$1.75M	USD	1 Quarter
Accrued profit sharing	`IncreaseDecreaseInDeferredCompensation`	$1.25M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.18M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-2.83M	USD	1 Quarter
Accrued warranty	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-246.00K	USD	1 Quarter
Accrued warranty	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-353.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$110.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-698.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$80.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$460.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.78M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.62M	USD	1 Quarter
Refunds of deposits on machinery and equipment	`PaymentsForProceedsFromProductiveAssets`	$-835.00K	USD	1 Quarter
Receipts from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$21.00K	USD	1 Quarter
Receipts from note receivable	`ProceedsFromCollectionOfNotesReceivable`	$21.00K	USD	1 Quarter
Payments to acquire patents and software	`PaymentsToAcquireIntangibleAssets`	$66.00K	USD	1 Quarter
Payments to acquire patents and software	`PaymentsToAcquireIntangibleAssets`	$34.00K	USD	1 Quarter
Payments to acquire property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.59M	USD	1 Quarter
Payments to acquire property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.94M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.15M	USD	1 Quarter
Proceeds from loans and notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$105.00M	USD	1 Quarter
Proceeds from loans and notes payable	`ProceedsFromIssuanceOfLongTermDebt`	$75.00M	USD	1 Quarter
Cash paid for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.34M	USD	1 Quarter
Cash paid for debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$918.00K	USD	1 Quarter
Payments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$149.00K	USD	1 Quarter
Payments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$150.00K	USD	1 Quarter
Payments on notes payable	`RepaymentsOfLongTermDebt`	$100.00M	USD	1 Quarter
Payments to acquire treasury stock	`PaymentsForRepurchaseOfCommonStock`	$30.04M	USD	1 Quarter
Proceeds from exercise of options to acquire common stock	`ProceedsFromStockOptionsExercised`	$634.00K	USD	1 Quarter
Proceeds from exercise of options to acquire common stock	`ProceedsFromStockOptionsExercised`	$424.00K	USD	1 Quarter
Payroll taxes paid as a result of restricted stock unit withholdings	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.66M	USD	1 Quarter
Payroll taxes paid as a result of restricted stock unit withholdings	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$444.00K	USD	1 Quarter
Excess tax benefit of stock-based compensation	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$61.00K	USD	1 Quarter
Excess tax benefit of stock-based compensation	`ProceedsAndExcessTaxBenefitFromSharebasedCompensation`	$814.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.51M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.72M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.20M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.60M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$42.22M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.42M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$68.86M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$83.46M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$42.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.42M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$68.86M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$83.46M	USD	Point-in-time
Interest	`InterestPaid`	$8.25M	USD	1 Quarter
Interest	`InterestPaid`	$3.01M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$639.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$6.82M	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$194.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$210.00M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	69.63M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	69.93M	shares	Point-in-time
Proceeds from exercise of employee stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$634.00K	USD	1 Quarter
Proceeds from exercise of employee stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	132,599.00	shares	1 Quarter
Proceeds from exercise of employee stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	99,554.00	shares	1 Quarter
Repurchase of common stock (in shares)	`TreasuryStockSharesAcquired`	0.00	shares	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.54M	USD	1 Quarter
Excess tax benefit for stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$814.00K	USD	1 Quarter
Fair market value adjustment of interest rate swap, net of tax effect	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-116.00K	USD	1 Quarter
Issuance of common stock under restricted stock unit awards, net of shares surrendered	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$1.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.41M	USD	1 Quarter
Balance	`StockholdersEquity`	$194.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$210.00M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	69.63M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	69.93M	shares	Point-in-time

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