10-Q Filing

RICHARDSON ELECTRONICS, LTD. CIK: 355948 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000355948-13-000003`
Period End Date	20130831
Filing Date	20131010
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	rell-20130831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 36 Cash Flow Statement 71 Stockholders Equity 17

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.08M	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$92.53M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Accounts receivable, less allowance of $1,078 and $1,092	`AccountsReceivableNetCurrent`	$19.50M	USD	Point-in-time
Accounts receivable, less allowance of $1,078 and $1,092	`AccountsReceivableNetCurrent`	$18.27M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Inventories	`InventoryNet`	$33.98M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$35.28M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.01M	USD	Point-in-time
Common stock in treasury	`TreasuryStockShares`	19.00	shares	Point-in-time
Common stock in treasury	`TreasuryStockShares`	9.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.91M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.86M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.68M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.43M	USD	Point-in-time
Investmentscurrent	`ShortTermInvestments`	$39.82M	USD	Point-in-time
Investmentscurrent	`ShortTermInvestments`	$38.97M	USD	Point-in-time
Discontinued operationsassets	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$303.00K	USD	Point-in-time
Discontinued operationsassets	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$338.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$194.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$202.96M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.07M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.60M	USD	Point-in-time
Goodwill	`Goodwill`	$1.52M	USD	Point-in-time
Goodwill	`Goodwill`	$1.57M	USD	Point-in-time
Other intangibles	`IntangibleAssetsNetExcludingGoodwill`	$908.00K	USD	Point-in-time
Other intangibles	`IntangibleAssetsNetExcludingGoodwill`	$891.00K	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.45M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.40M	USD	Point-in-time
Investmentsnon-current	`LongTermInvestments`	$5.46M	USD	Point-in-time
Investmentsnon-current	`LongTermInvestments`	$4.23M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$13.73M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$14.36M	USD	Point-in-time
Total assets	`Assets`	$207.80M	USD	Point-in-time
Total assets	`Assets`	$217.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.76M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$7.41M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$9.57M	USD	Point-in-time
Discontinued operationsliabilities	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$541.00K	USD	Point-in-time
Discontinued operationsliabilities	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$245.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$24.07M	USD	Point-in-time
Long-term income tax liabilities	`AccruedIncomeTaxesNoncurrent`	$6.48M	USD	Point-in-time
Long-term income tax liabilities	`AccruedIncomeTaxesNoncurrent`	$6.73M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.29M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.34M	USD	Point-in-time
Discontinued operationsnon-current liabilities	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
Discontinued operationsnon-current liabilities	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$7.82M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$8.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$32.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$27.53M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1.00 par value, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$73.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$67.61M	USD	Point-in-time
Common stock in treasury, at cost, 19 shares at August 31, 2013, and 9 shares at June 1, 2013	`TreasuryStockValue`	$105.00K	USD	Point-in-time
Common stock in treasury, at cost, 19 shares at August 31, 2013, and 9 shares at June 1, 2013	`TreasuryStockValue`	$210.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$101.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$102.93M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.81M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.24M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$180.27M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$185.24M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$217.32M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$207.80M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$34.26M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$35.65M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$25.00M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$24.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.19M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.15M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.07M	USD	1 Quarter
Gain (loss) on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain (loss) on disposal of assets	`GainLossOnDispositionOfAssets`	$-4.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$123.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$501.00K	USD	1 Quarter
Investment/interest income	`InvestmentIncomeNet`	$-383.00K	USD	1 Quarter
Investment/interest income	`InvestmentIncomeNet`	$-265.00K	USD	1 Quarter
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-37.00K	USD	1 Quarter
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$106.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-23.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-30.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$-2.30M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$-443.00K	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$944.00K	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.43M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$210.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$448.00K	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$1.98M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$734.00K	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-11.00K	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-87.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$647.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.97M	USD	1 Quarter
Foreign currency translation gain, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$425.00K	USD	1 Quarter
Foreign currency translation gain, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$400.00K	USD	1 Quarter
Fair value adjustments on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.00K	USD	1 Quarter
Fair value adjustments on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.05M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.39M	USD	1 Quarter

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$647.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$248.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$299.00K	USD	1 Quarter
Gain on sale of investments	`GainLossOnSaleOfInvestments`	$-20.00K	USD	1 Quarter
Gain on sale of investments	`GainLossOnSaleOfInvestments`	$-7.00K	USD	1 Quarter
Gain on disposal of assets	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1`	-	USD	1 Quarter
Gain on disposal of assets	`AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1`	$-4.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$124.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$114.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-1.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-59.00K	USD	1 Quarter
Inventory Write-down	`InventoryWriteDown`	$70.00K	USD	1 Quarter
Inventory Write-down	`InventoryWriteDown`	$74.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-646.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.22M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$155.00K	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$2.75M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-520.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-624.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$156.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-622.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.43M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.55M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.01M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.89M	USD	1 Quarter
Long-term income tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-321.00K	USD	1 Quarter
Long-term income tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-242.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$42.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-9.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.19M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.33M	USD	1 Quarter
Cash consideration paid for acquired businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-973.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$-441.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$-79.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$4.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Proceeds from maturity of investments	`ProceedsFromSaleOfLongtermInvestments`	$40.49M	USD	1 Quarter
Proceeds from maturity of investments	`ProceedsFromSaleOfLongtermInvestments`	$57.75M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireLongtermInvestments`	$-51.73M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireLongtermInvestments`	$-40.09M	USD	1 Quarter
Proceeds from sales of available-for-sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$54.00K	USD	1 Quarter
Proceeds from sales of available-for-sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$56.00K	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$-54.00K	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$-56.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$69.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-951.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$5.95M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$-6.70M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$-5.55M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$-11.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$-71.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$-857.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.49M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.54M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$149.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$271.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.65M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.47M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$102.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.89M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$92.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$102.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.89M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$92.53M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$180.27M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$185.24M	USD	Point-in-time
Net income	`NetIncomeLoss`	$647.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.97M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$425.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$400.00K	USD	1 Quarter
Fair value adjustments on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.00K	USD	1 Quarter
Fair value adjustments on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.00K	USD	1 Quarter
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.00K	USD	1 Quarter
Stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$114.00K	USD	1 Quarter
Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$71.00K	USD	1 Quarter
Canceled Shares	`ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod`	-	shares	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$-6.70M	USD	1 Quarter
Treasury stock	`TreasuryStockValueAcquiredCostMethod`	-	USD	1 Quarter
Other	`StockholdersEquityOther`	$1.00K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$180.27M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$185.24M	USD	Point-in-time

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