10-Q Filing

AMTECH SYSTEMS INC CIK: 720500 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000720500-16-000081`
Period End Date	20151231
Filing Date	20160209
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	asys-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 32 Cash Flow Statement 60 Comprehensive Income 10

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.85M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.71M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$638.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.01M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$847.00K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade (less allowance for doubtful accounts of $3,708 and $5,009 at December 31, 2015, and September 30, 2015, respectively)	`AccountsReceivableNetCurrent`	$14.49M	USD	Point-in-time
Trade (less allowance for doubtful accounts of $3,708 and $5,009 at December 31, 2015, and September 30, 2015, respectively)	`AccountsReceivableNetCurrent`	$16.06M	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
Unbilled and other	`UnbilledAndOther`	$8.49M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Unbilled and other	`UnbilledAndOther`	$7.08M	USD	Point-in-time
Inventories	`InventoryNet`	$23.33M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.15M	shares	Point-in-time
Inventories	`InventoryNet`	$21.54M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.16M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.16M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.15M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.05M	USD	Point-in-time
Notes and other receivable	`NotesAndLoansReceivableNetCurrent`	$67.00K	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
Notes and other receivable	`NotesAndLoansReceivableNetCurrent`	$7.08M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other	`OtherAssetsCurrent`	$3.77M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$6.12M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$76.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$85.70M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$17.76M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$17.08M	USD	Point-in-time
Deferred income taxes - Long Term	`DeferredTaxAssetsNetNoncurrent`	$430.00K	USD	Point-in-time
Deferred income taxes - Long Term	`DeferredTaxAssetsNetNoncurrent`	$430.00K	USD	Point-in-time
Other Assets - Long Term	`OtherAssetsNoncurrent`	$1.15M	USD	Point-in-time
Other Assets - Long Term	`OtherAssetsNoncurrent`	$3.36M	USD	Point-in-time
Investments	`EquityMethodInvestments`	$2.72M	USD	Point-in-time
Investments	`EquityMethodInvestments`	$2.73M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$4.94M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$4.67M	USD	Point-in-time
Goodwill	`Goodwill`	$10.54M	USD	Point-in-time
Goodwill	`Goodwill`	$10.97M	USD	Point-in-time
Total Assets	`Assets`	$113.39M	USD	Point-in-time
Total Assets	`Assets`	$125.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.58M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$919.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$822.00K	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$5.61M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$5.35M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$793.00K	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$628.00K	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$707.00K	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$766.00K	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$4.87M	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$4.68M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$4.60M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$7.15M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$2.73M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$3.55M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$940.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$830.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.37M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$8.45M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$9.23M	USD	Point-in-time
Income Taxes Payable - Long Term	`LiabilityForUncertainTaxPositionsNoncurrent`	$5.69M	USD	Point-in-time
Income Taxes Payable - Long Term	`LiabilityForUncertainTaxPositionsNoncurrent`	$4.99M	USD	Point-in-time
Total liabilities	`Liabilities`	$52.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$45.39M	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: 13,150,222 and 9,848,253 at June 30, 2015, and September 30, 2014, respectively	`CommonStockValue`	$132.00K	USD	Point-in-time
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 13,150,222 and 9,848,253 at June 30, 2015, and September 30, 2014, respectively	`CommonStockValue`	$131.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$110.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$110.19M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.67M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.20M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-28.82M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-32.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$68.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$72.83M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-620.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-187.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$68.01M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$72.65M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$125.46M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$113.39M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues, net of returns and allowances	`SalesRevenueNet`	$22.07M	USD	1 Quarter
Revenues, net of returns and allowances	`SalesRevenueNet`	$12.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$16.12M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$8.97M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.96M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.43M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.38M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.60M	USD	1 Quarter
Research, development and engineering	`ResearchAndDevelopmentNetOfGrantsEarned`	$1.84M	USD	1 Quarter
Research, development and engineering	`ResearchAndDevelopmentNetOfGrantsEarned`	$2.29M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.79M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.93M	USD	1 Quarter
Interest expense and other income, net	`OtherNonoperatingIncomeExpense`	$97.00K	USD	1 Quarter
Interest expense and other income, net	`OtherNonoperatingIncomeExpense`	$-219.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.70M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.15M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$300.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$180.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.45M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.88M	USD	1 Quarter
Add: net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-433.00K	USD	1 Quarter
Add: net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$319.00K	USD	1 Quarter
Net loss attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$-4.01M	USD	1 Quarter
Net loss attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$-5.20M	USD	1 Quarter
Basic loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareBasic`	$-0.53	USD	1 Quarter
Basic loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareBasic`	$-0.31	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.85M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.15M	shares	1 Quarter
Diluted loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareDiluted`	$-0.31	USD	1 Quarter
Diluted loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareDiluted`	$-0.53	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.85M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.15M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.45M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$705.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$783.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$35.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$39.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-9.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$4.00K	USD	1 Quarter
Non-cash share based compensation expense	`ShareBasedCompensation`	$232.00K	USD	1 Quarter
Non-cash share based compensation expense	`ShareBasedCompensation`	$342.00K	USD	1 Quarter
Provision for (reversal of) allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-158.00K	USD	1 Quarter
Provision for (reversal of) allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$44.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$220.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$244.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.37M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$309.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$535.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.41M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$172.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$212.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$167.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$722.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-429.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.86M	USD	1 Quarter
Accrued liabilities and customer deposits	`IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits`	$6.41M	USD	1 Quarter
Accrued liabilities and customer deposits	`IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits`	$-3.35M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredProfit`	$-1.26M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredProfit`	$-50.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.90M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.77M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$108.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$155.00K	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$253.00K	USD	1 Quarter
Proceeds from partial sale of subsidiary	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	$7.01M	USD	1 Quarter
Proceeds from partial sale of subsidiary	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	-	USD	Annual
Loss on equity investments	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Loss on equity investments	`IncomeLossFromEquityMethodInvestments`	$-17.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-408.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.92M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$180.00K	USD	1 Quarter
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$830.00K	USD	1 Quarter
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$650.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-302.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-36.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.19M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.23M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.55M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$22.62M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.37M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$25.85M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.55M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$22.62M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.37M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$25.85M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	$89.00K	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.45M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.88M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.06M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-535.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-4.98M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-5.93M	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$313.00K	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-433.00K	USD	1 Quarter
Comprehensive loss attributable to Amtech Systems, Inc.	`ComprehensiveIncomeNetOfTax`	$-6.25M	USD	1 Quarter
Comprehensive loss attributable to Amtech Systems, Inc.	`ComprehensiveIncomeNetOfTax`	$-4.55M	USD	1 Quarter

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