10-Q Filing

AMTECH SYSTEMS INC CIK: 720500 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000720500-12-000007`
Period End Date	20111231
Filing Date	20120209
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	asys-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 32 Cash Flow Statement 58

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$246.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$298.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$67.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.76M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$6.57M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$6.85M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Trade (less allowance for doubtful accounts of $298 and $246 at December 31, 2011 and September 30, 2011, respectively)	`AccountsReceivableNetCurrent`	$10.56M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.43M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.48M	shares	Point-in-time
Trade (less allowance for doubtful accounts of $298 and $246 at December 31, 2011 and September 30, 2011, respectively)	`AccountsReceivableNetCurrent`	$14.45M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.48M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.43M	shares	Point-in-time
Unbilled and other	`UnbilledAndOther`	$30.82M	USD	Point-in-time
Unbilled and other	`UnbilledAndOther`	$22.95M	USD	Point-in-time
Inventories	`InventoryNet`	$37.16M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Inventories	`InventoryNet`	$37.45M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$9.56M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$9.53M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$4.40M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$4.26M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$4.65M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$4.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$151.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$174.85M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$12.68M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$12.06M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$5.02M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$4.74M	USD	Point-in-time
Goodwill	`Goodwill`	$13.31M	USD	Point-in-time
Goodwill	`Goodwill`	$13.12M	USD	Point-in-time
Total Assets	`Assets`	$181.32M	USD	Point-in-time
Total Assets	`Assets`	$205.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.51M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$10.69M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.60M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$2.27M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$2.31M	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$21.63M	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$27.61M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$7.86M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$5.65M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$2.36M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$6.78M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$16.22M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$16.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$80.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.28M	USD	Point-in-time
Income Taxes Payable Long-term	`LiabilityForUncertainTaxPositionsNoncurrent`	$2.36M	USD	Point-in-time
Income Taxes Payable Long-term	`LiabilityForUncertainTaxPositionsNoncurrent`	$2.63M	USD	Point-in-time
Deferred Income Taxes -Long Term	`DeferredTaxLiabilitiesNoncurrent`	$110.00K	USD	Point-in-time
Deferred Income Taxes -Long Term	`DeferredTaxLiabilitiesNoncurrent`	$60.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$63.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$83.53M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock; 100,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; 100,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 9,478,457 and 9,431,393 at December 31, 2011 and September 30, 2011, respectively	`CommonStockValue`	$95.00K	USD	Point-in-time
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 9,478,457 and 9,431,393 at December 31, 2011 and September 30, 2011, respectively	`CommonStockValue`	$94.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$83.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$83.67M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.81M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.08M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$34.22M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$35.10M	USD	Point-in-time
Total Amtech Systems Inc. stockholders' equity	`StockholdersEquity`	$116.32M	USD	Point-in-time
Total Amtech Systems Inc. stockholders' equity	`StockholdersEquity`	$112.18M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$6.01M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$5.45M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$117.62M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$122.33M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$181.32M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$205.87M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues, net of returns and allowances	`SalesRevenueNet`	$24.73M	USD	1 Quarter
Revenues, net of returns and allowances	`SalesRevenueNet`	$53.71M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$34.12M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$17.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$19.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.29M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.40M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$848.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$8.35M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.84M	USD	1 Quarter
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$-30.00K	USD	1 Quarter
Interest and other income (expense), net	`OtherNonoperatingIncomeExpense`	$87.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.32M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.76M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-320.00K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$3.33M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-1.44M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$4.99M	USD	1 Quarter
Add: Net Loss Attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-561.00K	USD	1 Quarter
Add: Net Loss Attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income (loss) attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$4.99M	USD	1 Quarter
Net income (loss) attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$-876.00K	USD	1 Quarter
Basic income (loss) per share attributable to Amtech shareholders	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Basic income (loss) per share attributable to Amtech shareholders	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	9.45M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	9.28M	shares	1 Quarter
Diluted income (loss) per share attributable to Amtech shareholders	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Diluted income (loss) per share attributable to Amtech shareholders	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.45M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.61M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-1.44M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$4.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$647.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$769.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$20.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$499.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.08M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Non-cash stock based compensation expense	`ShareBasedCompensation`	$374.00K	USD	1 Quarter
Non-cash stock based compensation expense	`ShareBasedCompensation`	$465.00K	USD	1 Quarter
Provision for allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$78.00K	USD	1 Quarter
Provision for allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$47.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$420.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-3.50M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.13M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$23.57M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.89M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.48M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-752.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.47M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$251.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.84M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.16M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.68M	USD	1 Quarter
Accrued liabilities and customer deposits	`IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits`	$-5.76M	USD	1 Quarter
Accrued liabilities and customer deposits	`IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits`	$5.36M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredProfit`	$-4.91M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredProfit`	$5.10M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.11M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.30M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$465.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$609.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-465.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-609.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.22M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.08M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Payments on long-term obligations	`RepaymentsOfLongTermDebt`	$11.00K	USD	1 Quarter
Payments on long-term obligations	`RepaymentsOfLongTermDebt`	$31.00K	USD	1 Quarter
Excess tax benefit of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Excess tax benefit of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$727.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.09M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.92M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.78M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-566.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.56M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.45M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$67.38M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$53.21M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$54.94M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$56.76M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$67.38M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$53.21M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$54.94M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$56.76M	USD	Point-in-time
Income tax payments	`IncomeTaxesPaid`	$422.00K	USD	1 Quarter
Income tax payments	`IncomeTaxesPaid`	$2.17M	USD	1 Quarter

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