10-Q Filing

RICHARDSON ELECTRONICS, LTD. CIK: 355948 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000355948-14-000032`
Period End Date	20140831
Filing Date	20141009
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	rell-20140830.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 66 Stockholders Equity 15

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$564.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$581.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$92.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$98.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.75M	USD	Point-in-time
Accounts receivable, less allowance of $564 and $581	`AccountsReceivableNetCurrent`	$18.35M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Accounts receivable, less allowance of $564 and $581	`AccountsReceivableNetCurrent`	$18.49M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$33.87M	USD	Point-in-time
Inventories	`InventoryNet`	$35.62M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$936.00K	USD	Point-in-time
Common stock in treasury	`TreasuryStockShares`	1.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.09M	USD	Point-in-time
Common stock in treasury	`TreasuryStockShares`	50.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.54M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.89M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$580.00K	USD	Point-in-time
Investmentscurrent	`ShortTermInvestments`	$26.36M	USD	Point-in-time
Investmentscurrent	`ShortTermInvestments`	$31.73M	USD	Point-in-time
Discontinued operationsassets	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Discontinued operationsassets	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$18.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$181.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$192.24M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$7.72M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$7.22M	USD	Point-in-time
Other intangibles	`IntangibleAssetsNetExcludingGoodwill`	$843.00K	USD	Point-in-time
Other intangibles	`IntangibleAssetsNetExcludingGoodwill`	$820.00K	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.69M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.72M	USD	Point-in-time
Investmentsnon-current	`LongTermInvestments`	$1.52M	USD	Point-in-time
Investmentsnon-current	`LongTermInvestments`	$8.80M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$11.31M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$19.03M	USD	Point-in-time
Total assets	`Assets`	$200.91M	USD	Point-in-time
Total assets	`Assets`	$203.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.34M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$8.49M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$9.22M	USD	Point-in-time
Discontinued operationsliabilities	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Discontinued operationsliabilities	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$7.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.56M	USD	Point-in-time
Long-term income tax liabilities	`AccruedIncomeTaxesNoncurrent`	$5.88M	USD	Point-in-time
Long-term income tax liabilities	`AccruedIncomeTaxesNoncurrent`	$5.69M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.30M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.31M	USD	Point-in-time
Discontinued operationsnon-current liabilities	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$126.00K	USD	Point-in-time
Discontinued operationsnon-current liabilities	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$130.00K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$7.30M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$7.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.12M	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`	$66.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$66.14M	USD	Point-in-time
Common stock in treasury, at cost, 50 shares at August 30, 2014, and 1 share at May 31, 2014	`TreasuryStockValue`	$14.00K	USD	Point-in-time
Common stock in treasury, at cost, 50 shares at August 30, 2014, and 1 share at May 31, 2014	`TreasuryStockValue`	$501.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$97.05M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$97.96M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.11M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$172.78M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$174.84M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$203.54M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$200.91M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$34.70M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$34.26M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$24.07M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$24.04M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.19M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.07M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$11.18M	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	$9.00K	USD	1 Quarter
Gain on disposal of assets	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-533.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$123.00K	USD	1 Quarter
Investment/interest income	`InvestmentIncomeNet`	$-256.00K	USD	1 Quarter
Investment/interest income	`InvestmentIncomeNet`	$-265.00K	USD	1 Quarter
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$106.00K	USD	1 Quarter
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-57.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-30.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$-2.30M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$-315.00K	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.43M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-218.00K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$448.00K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-135.00K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$1.98M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-83.00K	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-11.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.97M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-83.00K	USD	1 Quarter
Foreign currency translation gain (loss), net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$425.00K	USD	1 Quarter
Foreign currency translation gain (loss), net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-968.00K	USD	1 Quarter
Fair value adjustments on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$25.00K	USD	1 Quarter
Fair value adjustments on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.03M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$2.39M	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.97M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-83.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$366.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$248.00K	USD	1 Quarter
Gain on sale of investments	`GainLossOnSaleOfInvestments`	$3.00K	USD	1 Quarter
Gain on sale of investments	`GainLossOnSaleOfInvestments`	$7.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$114.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$120.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-79.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-59.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$372.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.22M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-2.75M	USD	1 Quarter
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-2.31M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.11M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$450.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-135.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpense`	$-156.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$101.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.55M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.89M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-662.00K	USD	1 Quarter
Long-term income tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-242.00K	USD	1 Quarter
Long-term income tax liabilities	`IncreaseDecreaseInIncomeTaxes`	-	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$9.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$49.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-328.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.19M	USD	1 Quarter
Cash consideration paid for acquired businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$973.00K	USD	1 Quarter
Cash consideration paid for acquired businesses	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$834.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$441.00K	USD	1 Quarter
Proceeds from maturity of investments	`ProceedsFromSaleOfLongtermInvestments`	$30.48M	USD	1 Quarter
Proceeds from maturity of investments	`ProceedsFromSaleOfLongtermInvestments`	$40.49M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireLongtermInvestments`	$32.36M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireLongtermInvestments`	$40.09M	USD	1 Quarter
Proceeds from sales of available-for-sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$56.00K	USD	1 Quarter
Proceeds from sales of available-for-sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$37.00K	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$37.00K	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$56.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-69.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$28.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.74M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-951.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.70M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$488.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$71.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$158.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$828.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividends`	$857.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.00K	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`	$-1.16M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-441.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$149.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.67M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.47M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$92.53M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.08M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$102.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$102.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$92.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$98.08M	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`	$102.75M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$172.78M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$174.84M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$1.97M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-83.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$425.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-968.00K	USD	1 Quarter
Fair value adjustments on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$25.00K	USD	1 Quarter
Fair value adjustments on investments	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.00K	USD	1 Quarter
Stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$120.00K	USD	1 Quarter
Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$158.00K	USD	1 Quarter
Canceled Shares	`ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod`	-	shares	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$-488.00K	USD	1 Quarter
Other	`StockholdersEquityOther`	-	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$172.78M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$174.84M	USD	Point-in-time

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