CAMBIUM LEARNING GROUP, INC. ABCD Income Statement

Cambium learning group, inc. (ABCD)

Income statement / Quarterly

Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net revenues
44,734	40,996	36,607	38,329	43,523	40,362	35,970	37,487	42,113	39,084	33,674	35,656	40,339	37,454	31,471	33,280	41,144	36,243	31,080	33,348	42,957	42,786	31,429	34,317	45,958	40,429	27,855	31,466	52,906	57,191	30,695	56,607	47,901
Cost of revenues:
Cost of revenues
7,801	7,038	6,063	-	7,928	7,215	6,185	-	8,876	7,732	7,007	-	9,120	8,277	6,886	-	11,045	9,930	9,011	-	12,950	12,647	11,403	-	14,274	14,397	11,166	-	16,318	17,819	10,967	18,021	15,217
Amortization expense
4,200	4,043	3,904	4,874	4,676	4,328	4,090	5,237	4,780	4,475	3,650	4,658	4,434	4,275	4,003	5,057	4,695	4,438	4,080	4,839	4,692	4,281	3,707	4,732	7,035	6,579	6,370	7,375	6,962	6,844	6,618	7,096	7,245
Total cost of revenues
12,001	11,081	9,967	11,112	12,604	11,543	10,275	11,744	13,656	12,207	10,657	11,705	13,554	12,552	10,889	12,945	15,740	14,368	13,091	14,527	17,642	16,928	15,110	15,858	21,309	20,976	17,536	15,436	23,280	24,663	17,585	25,117	22,462
Research and development expense
4,059	3,893	3,726	3,907	3,352	3,294	3,098	3,425	3,301	3,019	3,120	3,097	2,935	2,415	2,477	3,001	2,745	2,598	2,747	2,465	2,486	2,528	2,331	2,301	2,622	2,652	3,332	2,840	2,199	2,515	2,379	2,543	2,563
Sales and marketing expense
12,283	12,717	12,803	11,599	12,771	12,190	12,910	10,929	12,152	11,846	12,311	11,243	11,722	10,479	10,644	9,751	11,015	10,083	10,582	9,242	10,943	11,715	10,333	11,099	11,331	12,041	11,896	10,153	11,817	12,874	10,903	11,966	11,176
General and administrative expense
5,962	6,135	5,281	5,380	5,457	4,900	4,883	5,086	5,872	5,102	5,002	4,561	5,120	5,202	5,215	4,681	5,039	4,457	5,180	4,546	5,122	4,880	6,793	5,784	4,837	5,061	5,745	7,320	4,795	5,529	5,812	5,608	5,605
Shipping and handling costs
323	186	121	98	414	195	118	152	380	221	159	177	457	248	174	203	666	404	196	303	721	399	299	349	1,204	954	327	264	844	817	334	1,122	1,168
Depreciation and amortization expense
721	718	717	777	670	669	681	834	875	856	841	874	1,001	1,000	993	1,059	1,050	1,036	1,064	1,232	1,227	1,220	1,216	1,340	1,592	1,591	1,659	1,882	1,858	1,748	1,736	2,085	2,360
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,700	-	-	0	0	-	-	-
Embezzlement-related expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	115	-	64	493	44	-85	-644	-56	40	-2,436	21	11
Impairment of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,360	236	320	2,791	-	0	0	-	-	-
Total costs and expenses
35,349	34,730	32,615	37,198	35,268	32,791	31,965	32,170	36,236	33,251	32,090	31,657	34,789	31,896	30,392	31,640	36,255	32,946	32,860	34,542	38,144	37,785	36,082	119,348	43,624	58,339	43,201	74,869	44,737	48,186	36,313	48,462	45,345
Income before interest and income taxes
9,385	6,266	3,992	1,131	8,255	7,571	4,005	5,317	5,877	5,833	1,584	3,999	5,550	5,558	1,079	1,640	4,889	3,297	-1,780	-1,194	4,813	5,001	-4,653	-85,031	2,334	-17,910	-15,346	-43,403	8,169	9,005	-5,618	8,145	2,556
Net interest expense
-897	-927	-830	-1,011	-1,271	-1,336	-1,227	-1,592	-1,876	-1,958	-1,764	-3,106	-3,575	-3,626	-3,674	-4,124	-4,377	-4,420	-4,738	-4,791	-4,773	-4,679	-4,576	-4,651	-4,628	-4,627	-4,777	-4,194	-4,950	-4,882	-4,405	-4,478	-4,614
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-352	0	-357	-213	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
-103	118	-103	-	-108	-109	-108	-	-	-	-	0	204	260	215	215	535	215	215	119	215	211	219	889	163	37	36	483	0	2	363	271	-85
Income before income taxes
8,385	5,457	3,059	85	6,876	6,126	2,670	3,027	4,001	3,875	-180	-3,123	2,179	2,192	-2,380	-2,621	1,047	-1,265	-6,516	-5,866	255	533	-9,010	-88,793	-2,131	-22,500	-20,087	-47,114	3,219	4,125	-9,660	3,938	-2,143
Income tax expense
2,508	1,022	452	-30,171	399	334	140	87	173	111	-78	-324	213	186	118	454	52	23	71	-132	127	102	68	14	104	-23	177	-559	155	318	97	-8	34
Net income
5,877	4,435	2,607	30,256	6,477	5,792	2,530	2,940	3,828	3,764	-102	-2,799	1,966	2,006	-2,498	-3,075	995	-1,288	-6,587	-5,734	128	431	-9,078	-88,807	-2,235	-22,477	-20,264	-46,555	3,064	3,807	-9,757	3,946	-2,177
Other comprehensive income:
Amortization of net pension loss
36	35	29	22	23	23	23	37	38	37	37	55	56	56	56	21	22	21	22	30	30	30	30	43	9	-8	-9	-	0	0	-	-	-
Realized loss on available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-	-	-	-	-	-	-	-
Comprehensive income
5,913	4,470	2,636	30,023	6,500	5,815	2,553	3,667	3,866	3,801	-65	-1,819	2,022	2,062	-2,442	-4,984	1,017	-1,267	-6,565	-5,320	158	461	-9,048	-89,777	-2,227	-22,469	-20,255	-47,485	3,064	3,807	-9,757	-	-
Net income per common share:
Basic (in USD per share)
0.12	0.09	0.06	0.65	0.14	0.13	0.05	0.07	0.08	0.08	0.00	-0.06	0.04	0.04	-0.05	-0.07	0.02	-0.03	-0.14	-0.12	0.00	0.01	-0.19	-1.80	-0.05	-0.45	-0.41	-1.01	0.07	0.09	-0.22	0.09	-0.05
Diluted (in USD per share)
0.12	0.09	0.05	0.64	0.14	0.12	0.05	0.06	0.08	0.08	0.00	-0.06	0.04	0.04	-0.05	-0.07	0.02	-0.03	-0.14	-0.12	0.00	0.01	-0.19	-1.80	-0.05	-0.45	-0.41	-1.01	0.07	0.09	-0.22	0.09	-0.05
Average number of common shares and equivalents outstanding:
Basic (shares)
47,273	47,172	46,898	46,718	46,460	46,283	46,203	46,072	45,869	45,764	45,739	45,661	45,562	45,498	45,479	45,554	45,664	45,641	45,685	45,843	47,563	47,357	47,397	48,408	49,284	49,941	49,947	49,862	46,743	43,610	44,353	44,324	44
Diluted (shares)
48,503	48,385	48,067	47,832	47,629	47,476	47,439	48,728	47,285	47,116	45,739	42,920	47,103	46,698	45,479	45,465	45,753	45,641	45,685	45,469	47,657	47,637	47,397	48,408	49,284	49,941	49,947	48,654	47,130	44,431	44,353	44,395	44