10-Q Filing

AMTECH SYSTEMS INC CIK: 720500 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000720500-14-000008`
Period End Date	20131231
Filing Date	20140206
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	asys-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 34 Cash Flow Statement 52 Comprehensive Income 10

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.20M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$683.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$638.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.13M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.24M	USD	Point-in-time
Trade (less allowance for doubtful accounts of $683 and $638 at December 31, 2013, and September 30, 2013, respectively)	`AccountsReceivableNetCurrent`	$4.83M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade (less allowance for doubtful accounts of $683 and $638 at December 31, 2013, and September 30, 2013, respectively)	`AccountsReceivableNetCurrent`	$10.50M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Unbilled and other	`UnbilledAndOther`	$3.19M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Unbilled and other	`UnbilledAndOther`	$7.39M	USD	Point-in-time
Inventories	`InventoryNet`	$22.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.58M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.55M	shares	Point-in-time
Inventories	`InventoryNet`	$16.71M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.33M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.58M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.34M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.55M	shares	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$7.58M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$7.17M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Other	`OtherAssetsCurrent`	$2.93M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other	`OtherAssetsCurrent`	$1.80M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$84.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$79.48M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$10.93M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$11.07M	USD	Point-in-time
Deferred income taxes -long term	`DeferredTaxAssetsNetNoncurrent`	$1.26M	USD	Point-in-time
Deferred income taxes -long term	`DeferredTaxAssetsNetNoncurrent`	$1.26M	USD	Point-in-time
Intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$3.36M	USD	Point-in-time
Intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$3.50M	USD	Point-in-time
Goodwill	`Goodwill`	$8.48M	USD	Point-in-time
Goodwill	`Goodwill`	$8.53M	USD	Point-in-time
Other assets - long term	`OtherAssetsNoncurrent`	$2.53M	USD	Point-in-time
Other assets - long term	`OtherAssetsNoncurrent`	$2.44M	USD	Point-in-time
Total Assets	`Assets`	$106.08M	USD	Point-in-time
Total Assets	`Assets`	$110.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.47M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$4.14M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$3.78M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$2.69M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$1.06M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$2.43M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$1.45M	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$6.69M	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$3.07M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$4.90M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$11.25M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$10.14M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$8.30M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.03M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$36.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$41.33M	USD	Point-in-time
Income taxes payable long-term	`LiabilityForUncertainTaxPositionsNoncurrent`	$2.90M	USD	Point-in-time
Income taxes payable long-term	`LiabilityForUncertainTaxPositionsNoncurrent`	$2.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$39.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$44.14M	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: 9,583,867 and 9,550,809 at December 31, 2013, and September 30, 2013, respectively	`CommonStockValue`	$96.00K	USD	Point-in-time
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 9,583,867 and 9,550,809 at December 31, 2013, and September 30, 2013, respectively	`CommonStockValue`	$96.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$79.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$79.61M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.83M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-8.80M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-8.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$67.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$67.26M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-504.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-343.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$66.80M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$66.76M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$110.95M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$106.08M	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`	$14.77M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$7.98M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$10.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.38M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.12M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.27M	USD	1 Quarter
Restructuring charges	`RestructuringSettlementAndImpairmentProvisions`	$697.00K	USD	1 Quarter
Restructuring charges	`RestructuringSettlementAndImpairmentProvisions`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentNetOfGrantsEarned`	$1.16M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentNetOfGrantsEarned`	$889.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.75M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-478.00K	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$106.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-372.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.75M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-480.00K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$560.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-932.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.27M	USD	1 Quarter
Add: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-74.00K	USD	1 Quarter
Add: Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-138.00K	USD	1 Quarter
Net loss attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$-794.00K	USD	1 Quarter
Net loss attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$-4.19M	USD	1 Quarter
Basic loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareBasic`	$-0.44	USD	1 Quarter
Basic loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.49M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.56M	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`	$-0.08	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.49M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.56M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-932.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$623.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$699.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$194.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$90.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-15.00K	USD	1 Quarter
Non-cash stock based compensation expense	`ShareBasedCompensation`	$176.00K	USD	1 Quarter
Non-cash stock based compensation expense	`ShareBasedCompensation`	$433.00K	USD	1 Quarter
Provision for allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$33.00K	USD	1 Quarter
Provision for allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$33.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-944.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$905.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.91M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.12M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-5.50M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-500.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$532.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-484.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.08M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.13M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-237.00K	USD	1 Quarter
Accrued liabilities and customer deposits	`IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits`	$-178.00K	USD	1 Quarter
Accrued liabilities and customer deposits	`IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits`	$-8.53M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredProfit`	$3.55M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredProfit`	$-2.46M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.55M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.92M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$121.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$154.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-154.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-121.00K	USD	1 Quarter
Proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$9.00K	USD	1 Quarter
Proceeds from the issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$208.00K	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`	$-6.86M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$30.34M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$42.62M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$46.73M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$37.20M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$30.34M	USD	Point-in-time
Cash and Cash Equivalents, End 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`	$37.20M	USD	Point-in-time
Income tax refunds	`ProceedsFromIncomeTaxRefunds`	-	USD	1 Quarter
Income tax refunds	`ProceedsFromIncomeTaxRefunds`	$27.00K	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-932.00K	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`	$705.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-227.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.88M	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-161.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-86.00K	USD	1 Quarter
Comprehensive loss attributable to Amtech Systems, Inc.	`ComprehensiveIncomeNetOfTax`	$-2.79M	USD	1 Quarter
Comprehensive loss attributable to Amtech Systems, Inc.	`ComprehensiveIncomeNetOfTax`	$-66.00K	USD	1 Quarter

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