10-Q Filing

DIGI INTERNATIONAL INC CIK: 854775 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000854775-15-000004`
Period End Date	20141231
Filing Date	20150202
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	dgii-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 46 Cash Flow Statement 54 Comprehensive Income 12

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.70M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.70M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.49M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.31M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$32.62M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.56M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$32.90M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$28.58M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$23.28M	USD	Point-in-time
Inventories	`InventoryNet`	$33.36M	USD	Point-in-time
Inventories	`InventoryNet`	$31.25M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$3.21M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$3.22M	USD	Point-in-time
Other	`PrepaidExpenseAndOtherAssetsCurrent`	$4.25M	USD	Point-in-time
Other	`PrepaidExpenseAndOtherAssetsCurrent`	$5.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$142.89M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$147.68M	USD	Point-in-time
Marketable securities, long-term	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$11.54M	USD	Point-in-time
Marketable securities, long-term	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$14.60M	USD	Point-in-time
Property, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$13.23M	USD	Point-in-time
Property, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$13.86M	USD	Point-in-time
Identifiable intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$6.06M	USD	Point-in-time
Identifiable intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$6.79M	USD	Point-in-time
Goodwill	`Goodwill`	$103.92M	USD	Point-in-time
Goodwill	`Goodwill`	$103.40M	USD	Point-in-time
Goodwill	`Goodwill`	$103.57M	USD	Point-in-time
Goodwill	`Goodwill`	$102.67M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$7.38M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$6.77M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$440.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$396.00K	USD	Point-in-time
Total assets	`Assets`	$290.46M	USD	Point-in-time
Total assets	`Assets`	$287.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.03M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$8.13M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$7.52M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$3.66M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$3.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$23.21M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$2.02M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$2.72M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$37.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$272.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$600.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$411.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$25.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.16M	USD	Point-in-time
Contingencies (see Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (see Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value; 60,000,000 shares authorized; 30,704,895 and 30,703,895 shares issued	`CommonStockValue`	$307.00K	USD	Point-in-time
Common stock, $.01 par value; 60,000,000 shares authorized; 30,704,895 and 30,703,895 shares issued	`CommonStockValue`	$307.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$218.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$219.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$117.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$117.82M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.67M	USD	Point-in-time
Treasury stock, at cost, 6,560,774 and 6,313,937 shares	`TreasuryStockValue`	$53.24M	USD	Point-in-time
Treasury stock, at cost, 6,560,774 and 6,313,937 shares	`TreasuryStockValue`	$55.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$265.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$273.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$261.38M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$290.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$287.25M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Hardware product revenue	`SalesRevenueGoodsNet`	$41.99M	USD	1 Quarter
Hardware product revenue	`SalesRevenueGoodsNet`	$44.93M	USD	1 Quarter
Service revenue	`SalesRevenueServicesNet`	$5.33M	USD	1 Quarter
Service revenue	`SalesRevenueServicesNet`	$3.79M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$47.32M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$48.72M	USD	1 Quarter
Cost of hardware product	`CostOfGoodsSold`	$23.11M	USD	1 Quarter
Cost of hardware product	`CostOfGoodsSold`	$20.26M	USD	1 Quarter
Cost of service	`CostOfServices`	$4.15M	USD	1 Quarter
Cost of service	`CostOfServices`	$3.69M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$26.80M	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$24.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$21.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.91M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.79M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.22M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$7.26M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$7.56M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.72M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.19M	USD	1 Quarter
Restructuring charges, net	`RestructuringChargeNet`	-	USD	1 Quarter
Restructuring charges, net	`RestructuringChargeNet`	$81.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$22.28M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.54M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$628.00K	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-1.62M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$43.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$38.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$388.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$93.00K	USD	1 Quarter
Total other income, net	`OtherIncomeNet`	$426.00K	USD	1 Quarter
Total other income, net	`OtherIncomeNet`	$136.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$764.00K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.19M	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$76.00K	USD	1 Quarter
Income tax (benefit) provision	`IncomeTaxExpenseBenefit`	$-855.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$688.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-339.00K	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic (USD per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted (USD per share)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.15M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.72M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	24.15M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.23M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$688.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-339.00K	USD	1 Quarter
Depreciation of property, equipment and improvements	`Depreciation`	$897.00K	USD	1 Quarter
Depreciation of property, equipment and improvements	`Depreciation`	$752.00K	USD	1 Quarter
Amortization of identifiable intangible assets	`AmortizationOfIntangibleAssets`	$770.00K	USD	1 Quarter
Amortization of identifiable intangible assets	`AmortizationOfIntangibleAssets`	$952.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.02M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.18M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$20.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-506.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$412.00K	USD	1 Quarter
Bad debt/product return provision	`ProvisionForDoubtfulAccounts`	$22.00K	USD	1 Quarter
Bad debt/product return provision	`ProvisionForDoubtfulAccounts`	$30.00K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$229.00K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$230.00K	USD	1 Quarter
Restructuring charges, net	`RestructuringChargeNet`	-	USD	1 Quarter
Restructuring charges, net	`RestructuringChargeNet`	$81.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$6.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-102.00K	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$3.81M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-2.31M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.34M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-337.00K	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$12.13M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$7.11M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$9.32M	USD	1 Quarter
Purchase of property, equipment, improvements and certain other intangible assets	`PaymentsToAcquireProductiveAssets`	$975.00K	USD	1 Quarter
Purchase of property, equipment, improvements and certain other intangible assets	`PaymentsToAcquireProductiveAssets`	$1.47M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.13M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.28M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$20.00K	USD	1 Quarter
Proceeds from stock option plan transactions	`ProceedsFromStockOptionsExercised`	$2.81M	USD	1 Quarter
Proceeds from stock option plan transactions	`ProceedsFromStockOptionsExercised`	$9.00K	USD	1 Quarter
Proceeds from employee stock purchase plan transactions	`ProceedsFromStockPlans`	$261.00K	USD	1 Quarter
Proceeds from employee stock purchase plan transactions	`ProceedsFromStockPlans`	$296.00K	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.26M	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.99M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.13M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$224.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.52M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.45M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.15M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.32M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.04M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.47M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.49M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.32M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.04M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.47M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.49M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$688.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-339.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.37M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$343.00K	USD	1 Quarter
Change in net unrealized (loss) gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$38.00K	USD	1 Quarter
Change in net unrealized (loss) gain on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-29.00K	USD	1 Quarter
Less income tax benefit (provision)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$15.00K	USD	1 Quarter
Less income tax benefit (provision)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-11.00K	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.39M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$366.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$1.05M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-2.73M	USD	1 Quarter

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