ARC Document Solutions Reports Results for Third Quarter 2017

About ARC Document Solutions (NYSE: ARC)

ARC Document Solutions distributes Documents and Information to facilitate communication for design, engineering and construction professionals, real estate managers and developers, facilities owners, and a variety of similar disciplines. The Company provides cloud and mobile solutions, professional services, and hardware to help its customers around the world reduce costs and increase efficiency, improve information access and control, and communicate faster, easier, and better. Follow ARC at www.e-arc.com.

Forward-Looking Statements

This press release contains forward-looking statements that are based on current opinions, estimates and assumptions of management regarding future events and the future financial performance of the Company. Words and phrases such as "building momentum," "guidance," "expect," "believe," "forecast," "outlook," and similar expressions identify forward-looking statements and all statements other than statements of historical fact, including, but not limited to, any projections regarding earnings, revenues and financial performance of the Company, could be deemed forward-looking statements. We caution you that such statements are only predictions and are subject to certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. In addition to matters affecting the construction, managed print services, document management or reprographics industries, or the economy generally, factors that could cause actual results to differ from expectations stated in forward-looking statements include, among others, the factors described in the caption entitled "Risk Factors" in Item 1A in ARC Document Solution's Annual Report on Form 10-K for the fiscal year ended December 31, 2016, Quarterly Reports on Form 10-Q, and other periodic filings and prospectuses. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

ARC Document Solutions, Inc.
Consolidated Balance Sheets
(In thousands, except per share data)
(Unaudited)
	September 30,		December 31,
Current assets:	2017		2016
Cash and cash equivalents	$	26,363	$	25,239
Accounts receivable, net of allowances for accounts receivable of $2,495 and $2,060	59,006		59,735
Inventories, net	19,095		18,184
Prepaid expenses	5,008		3,861
Other current assets	5,034		4,785
Total current assets	114,506		111,804
Property and equipment, net of accumulated depreciation of $205,435 and $201,192	65,645		60,735
Goodwill	121,051		138,688
Other intangible assets, net	10,087		13,202
Deferred income taxes	41,364		42,667
Other assets	2,590		2,185
Total assets	$	355,243	$	369,281
Current liabilities:
Accounts payable	$	25,027	$	24,782
Accrued payroll and payroll-related expenses	10,908		12,219
Accrued expenses	15,041		16,138
Current portion of long-term debt and capital leases	20,268		13,773
Total current liabilities	71,244		66,912
Long-term debt and capital leases	128,917		143,400
Other long-term liabilities	3,329		2,148
Total liabilities	203,490		212,460
Commitments and contingencies
Stockholders' equity:
ARC Document Solutions, Inc. stockholders' equity:
Preferred stock, $0.001 par value, 25,000 shares authorized; 0 shares issued and outstanding	—		—
Common stock, $0.001 par value, 150,000 shares authorized; 47,891 and 47,428 shares issued and 46,451 and 45,988 shares outstanding	48		47
Additional paid-in capital	120,204		117,749
Retained earnings	32,681		41,822
Accumulated other comprehensive loss	(2,545)		(3,793)
	150,388		155,825
Less cost of common stock in treasury, 1,440 shares	5,909		5,909
Total ARC Document Solutions, Inc. stockholders' equity	144,479		149,916
Noncontrolling interest	7,274		6,905
Total equity	151,753		156,821
Total liabilities and equity	$	355,243	$	369,281

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 Next Page »