Cts corporation (CTS)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Income Statement
Revenues

468,999

470,483

422,993

396,679

382,310

404,021

409,461

304,481

279,857

552,641

498,982

Cost of goods sold

311,424

305,510

282,562

256,251

255,201

274,058

288,108

212,965

190,634

432,731

400,142

Gross margin

157,575

164,973

140,431

140,428

127,109

129,963

121,353

-

-

-

-

Insurance recovery for business interruption

-

-

-

-

-

-

-

637

-

-

-

Selling, general and administrative expenses

70,408

73,569

71,943

61,624

59,586

61,051

69,989

63,071

54,136

72,310

67,119

Research and development expenses

25,967

25,304

25,146

24,040

22,461

22,563

23,222

20,918

19,990

18,313

14,154

Restructuring charges

7,448

5,062

4,139

3,048

14,564

5,941

10,455

3,437

2,389

1,444

2,243

Non-recurring environmental expense

-

-

-

-

14,541

0

0

-

-

-

-

(Gain) loss on sale of assets

63

0

-708

11,450

2,156

1,915

-

-

-

-

-

Gain on sale-leaseback transaction

-

-

-

-

-

-

-

10,334

-

-

-

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

33,153

Operating earnings

53,815

61,038

38,495

63,166

18,113

42,323

17,687

15,061

12,708

27,843

-17,829

Other (expense) income:
Interest expense

2,648

2,085

3,343

3,702

2,628

2,326

3,264

2,569

2,106

1,074

1,878

Interest income

1,737

1,826

1,284

1,305

3,073

2,786

1,901

1,720

1,255

385

156

Other (expense) income, net

-2,638

-2,676

3,817

-3,524

-6,297

-3,435

1,739

232

459

872

-863

Total other (expense) income. net

-3,549

-2,935

1,758

-5,921

-5,852

-2,975

376

-617

-392

183

-2,585

Earnings before income taxes

50,266

58,103

40,253

57,245

12,261

39,348

18,063

14,444

12,316

28,026

-20,414

Income tax expense

14,120

11,571

25,805

22,865

5,307

12,826

16,066

952

1,053

5,988

13,636

Earnings from continuing operations

-

-

-

-

-

-

1,997

13,492

11,263

-

-

Discontinued operations
Loss from discontinued operations, net of tax

-

-

-

-

-

-

-5,926

6,841

9,704

-

-

Earnings from discontinued operations, net of tax

-

-

-

-

-

-

-

-

9,704

-

-

Net Income (Loss) Attributable to Parent

36,146

46,532

14,448

34,380

6,954

26,522

-3,929

20,333

20,967

22,038

-34,050

Earnings per share:
Basic
Continuing operations (usd per share)

-

-

-

-

-

-

0.06

0.40

0.33

-

-

Discontinued operations (usd per share)

-

-

-

-

-

-

-0.18

0.20

0.28

-

-

Basic (in dollars per share)

1.11

1.41

0.44

1.05

0.21

0.79

-0.12

0.60

0.61

0.65

-1.01

Diluted
Continuing operations (usd per share)

-

-

-

-

-

-

0.06

0.39

0.32

-

-

Discontinued operations (usd per share)

-

-

-

-

-

-

-0.18

0.20

0.28

-

-

Diluted (in dollars per share)

1.09

1.39

0.43

1.03

0.21

0.78

-0.12

0.59

0.60

0.63

-1.01

Average common shares outstanding:
Basic weighted - average common shares outstanding (in shares):

32,700

33,024

32,892

32,728

32,959

33,618

33,601

33,922

-

-

-

Effect of dilutive securities (in shares)

405

545

528

523

525

512

648

601

-

-

-

Diluted weighted - average common shares outstanding (in shares)

33,105

33,569

33,420

33,251

33,484

34,130

34,249

34,523

-

-

-

Cash dividends declared per share (in dollars per share)

-

-

-

-

0.16

0.16

0.14

0.14

-

-

-