10-Q Filing

AMTECH SYSTEMS INC CIK: 720500 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000720500-13-000008`
Period End Date	20121231
Filing Date	20130207
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	asys-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 34 Cash Flow Statement 54 Comprehensive Income 10

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$67.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.62M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.64M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$517.00	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$9.69M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$508.00	USD	Point-in-time
Trade (less allowance for doubtful accounts of $508 and $517 at December 31, 2012 and September 30, 2012, respectively)	`AccountsReceivableNetCurrent`	$5.82M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade (less allowance for doubtful accounts of $508 and $517 at December 31, 2012 and September 30, 2012, respectively)	`AccountsReceivableNetCurrent`	$7.49M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Unbilled and other	`UnbilledAndOther`	$8.92M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Unbilled and other	`UnbilledAndOther`	$10.81M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.54M	shares	Point-in-time
Inventories	`InventoryNet`	$24.73M	USD	Point-in-time
Inventories	`InventoryNet`	$25.67M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.48M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.48M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.48M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.46M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$1.40M	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
Prepaid income taxes	`PrepaidTaxes`	$1.44M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other	`OtherAssetsCurrent`	$2.08M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$2.65M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$102.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$98.78M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$12.39M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$12.27M	USD	Point-in-time
Deferred Income Taxes -Long Term	`DeferredTaxAssetsNetNoncurrent`	$470.00K	USD	Point-in-time
Deferred Income Taxes -Long Term	`DeferredTaxAssetsNetNoncurrent`	$450.00K	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$4.10M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$3.98M	USD	Point-in-time
Goodwill	`Goodwill`	$13.31M	USD	Point-in-time
Goodwill	`Goodwill`	$13.12M	USD	Point-in-time
Goodwill	`Goodwill`	$8.42M	USD	Point-in-time
Goodwill	`Goodwill`	$8.36M	USD	Point-in-time
Other Assets - Long Term	`OtherAssetsNoncurrent`	$1.00M	USD	Point-in-time
Other Assets - Long Term	`OtherAssetsNoncurrent`	$871.00K	USD	Point-in-time
Total Assets	`Assets`	$124.90M	USD	Point-in-time
Total Assets	`Assets`	$129.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.78M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$4.93M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$5.31M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$2.27M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$2.43M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$2.69M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$2.31M	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$10.24M	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$8.02M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$3.39M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$3.96M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$7.50M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$12.78M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.14M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$42.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.93M	USD	Point-in-time
Income Taxes Payable Long-term	`LiabilityForUncertainTaxPositionsNoncurrent`	$2.36M	USD	Point-in-time
Income Taxes Payable Long-term	`LiabilityForUncertainTaxPositionsNoncurrent`	$2.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$44.97M	USD	Point-in-time
Total liabilities	`Liabilities`	$43.29M	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: 9,539,234 and 9,483,588 at December 31, 2012 and September 30, 2012, respectively	`CommonStockValue`	$95.00K	USD	Point-in-time
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 9,539,234 and 9,483,588 at December 31, 2012 and September 30, 2012, respectively	`CommonStockValue`	$95.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$77.38M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$77.81M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.41M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.82M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$7.87M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$12.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$82.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$80.36M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.25M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.33M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$84.05M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.61M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$129.02M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$124.90M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues, net of returns and allowances	`SalesRevenueNet`	$9.36M	USD	1 Quarter
Revenues, net of returns and allowances	`SalesRevenueNet`	$24.73M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$17.53M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$7.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.38M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.29M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.27M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$697.00K	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentNetOfGrantsEarned`	$2.75M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentNetOfGrantsEarned`	$1.16M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.75M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.84M	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$87.00K	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.76M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.75M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-320.00K	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-480.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.44M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.27M	USD	1 Quarter
Add: Net Loss Attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-561.00K	USD	1 Quarter
Add: Net Loss Attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-74.00K	USD	1 Quarter
Net loss attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$-4.19M	USD	1 Quarter
Net loss attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$-876.00K	USD	1 Quarter
Basic loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Basic loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareBasic`	$-0.44	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.49M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.45M	shares	1 Quarter
Diluted loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareDiluted`	$-0.44	USD	1 Quarter
Diluted loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.49M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.45M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.44M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$699.00K	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`	$194.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$15.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Non-cash stock based compensation expense	`ShareBasedCompensation`	$465.00K	USD	1 Quarter
Non-cash stock based compensation expense	`ShareBasedCompensation`	$433.00K	USD	1 Quarter
Provision for allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$78.00K	USD	1 Quarter
Provision for allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$33.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$420.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$905.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.13M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.91M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.12M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.89M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-500.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-752.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-484.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$251.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.13M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.16M	USD	1 Quarter
Accrued liabilities and customer deposits	`IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits`	$-5.76M	USD	1 Quarter
Accrued liabilities and customer deposits	`IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits`	$-178.00K	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredProfit`	$-4.91M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredProfit`	$-2.46M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.11M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.55M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$121.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$465.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-465.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-121.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.08M	USD	1 Quarter
Payments on long-term obligations	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments on long-term obligations	`RepaymentsOfLongTermDebt`	$11.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.09M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.78M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$562.00K	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.11M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.45M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$46.73M	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`	$67.38M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$42.62M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$46.73M	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`	$67.38M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$42.62M	USD	Point-in-time
Income tax payments	`IncomeTaxesPaid`	$4.00K	USD	1 Quarter
Income tax payments	`IncomeTaxesPaid`	$422.00K	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.44M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.27M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.39M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.74M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-5.17M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.88M	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-86.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-567.00K	USD	1 Quarter
Comprehensive loss attributable to Amtech Systems, Inc.	`ComprehensiveIncomeNetOfTax`	$-4.61M	USD	1 Quarter
Comprehensive loss attributable to Amtech Systems, Inc.	`ComprehensiveIncomeNetOfTax`	$-2.79M	USD	1 Quarter

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