ESI Announces First Quarter Fiscal 2018 Results
|
Electro Scientific Industries, Inc. | |
First Quarter Fiscal 2018 Results | |
Condensed Consolidated Balance Sheets | | (Unaudited) | | | | (In thousands) | |
Jul 1, 2017 | |
Apr 1, 2017 | |
Assets | | | | | | Current assets: | | | | | | Cash and cash equivalents | | $ | 58,909 | | | $ | 56,642 | | | Short-term investments | | 9,720 | | | 5,743 | | | Trade receivables, net | | 48,081 | | | 40,494 | | | Inventories | | 62,257 | | | 58,942 | | | Shipped systems pending acceptance | | 6,657 | | | 5,713 | | | Other current assets | | 5,358 | | | 6,180 | | | Total current assets | | 190,982 | | | 173,714 | | | Non-current assets: | | | | | | Property, plant and equipment, net | | 20,480 | | | 21,619 | | | Non-current deferred income taxes, net | | 889 | | | 890 | | | Goodwill | | 2,626 | | | 3,027 | | | Acquired intangible assets, net | | 6,266 | | | 6,564 | | | Non-current restricted cash | | 1,094 | | | 1,090 | | | Other assets | | 13,260 | | | 17,841 | | | Total assets | | $ | 235,597 | | | $ | 224,745 | | |
Liabilities and shareholders' equity | | | | | | Current liabilities: | | | | | | Accounts payable | | $ | 25,793 | | | $ | 21,213 | | | Accrued liabilities | | 23,818 | | | 22,186 | | | Deferred revenue | | 14,834 | | | 14,712 | | | Total current liabilities | | 64,445 | | | 58,111 | | | Non-current liabilities | | | | | | Long-term debt | | 13,379 | | | 13,489 | | | Income taxes payable | | 1,214 | | | 1,036 | | | Deferred income tax liability, net | | 8 | | | 8 | | | Other liabilities | | 8,106 | | | 7,570 | | | Total liabilities | | 87,152 | | | 80,214 | | | Shareholders' equity: | | | | | | Preferred and common stock | | 207,954 | | | 207,152 | | | Accumulated deficit | | (58,506 | ) | | (61,407 | ) | | Accumulated other comprehensive loss | | (1,003 | ) | | (1,214 | ) | | Total shareholders' equity | | 148,445 | | | 144,531 | | | Total liabilities and shareholders' equity | | $ | 235,597 | | | $ | 224,745 | | | End of period shares outstanding | | 33,689 | | | 33,260 | | | | | | | | | | | | | | | | | |
|
