10-Q Filing

SCANSOURCE, INC. CIK: 918965 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000918965-12-000024`
Period End Date	20120930
Filing Date	20121102
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	scsc-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 32 Cash Flow Statement 56 Comprehensive Income 8

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$27.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.73M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$28.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.25M	USD	Point-in-time
Accounts receivable, less allowance of $28,744 at September 30, 2012 and $27,349 at June 30, 2012	`AccountsReceivableNetCurrent`	$468.72M	USD	Point-in-time
Accounts receivable, less allowance of $28,744 at September 30, 2012 and $27,349 at June 30, 2012	`AccountsReceivableNetCurrent`	$470.81M	USD	Point-in-time
Inventories	`InventoryNet`	$475.48M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$471.01M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$41.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$38.73M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$15.14M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$14.62M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.03B	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.03B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$48.33M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$48.78M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Goodwill	`Goodwill`	$53.88M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.65M	shares	Point-in-time
Goodwill	`Goodwill`	$54.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.60M	shares	Point-in-time
Other non-current assets, including identifiable intangible assets	`OtherAssetsNoncurrent`	$73.24M	USD	Point-in-time
Other non-current assets, including identifiable intangible assets	`OtherAssetsNoncurrent`	$67.21M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.65M	shares	Point-in-time
Total assets	`Assets`	$1.20B	USD	Point-in-time
Total assets	`Assets`	$1.21B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$4.27M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	-	USD	Point-in-time
Current portion of contingent consideration	`LiabilityForContingentConsiderationCurrent`	$9.82M	USD	Point-in-time
Current portion of contingent consideration	`LiabilityForContingentConsiderationCurrent`	$4.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$384.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$419.68M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$62.21M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$67.78M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.70M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$498.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$466.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.32M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.43M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.43M	USD	Point-in-time
Borrowings under revolving credit facility	`LineOfCreditFacilityAmountOutstanding`	-	USD	Point-in-time
Borrowings under revolving credit facility	`LineOfCreditFacilityAmountOutstanding`	$12.21M	USD	Point-in-time
Long-term portion of contingent consideration	`LiabilityForContingentConsiderationNoncurrent`	$11.68M	USD	Point-in-time
Long-term portion of contingent consideration	`LiabilityForContingentConsiderationNoncurrent`	$7.53M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$33.99M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$37.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$531.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$549.50M	USD	Point-in-time
Preferred stock, no par value; 3,000,000 shares authorized, none issued	`AdditionalPaidInCapitalPreferredStock`	-	USD	Point-in-time
Preferred stock, no par value; 3,000,000 shares authorized, none issued	`AdditionalPaidInCapitalPreferredStock`	-	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 27,650,282 and 27,604,840 shares issued and outstanding at September 30, 2012 and June 30, 2012, respectively	`AdditionalPaidInCapitalCommonStock`	$139.56M	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 27,650,282 and 27,604,840 shares issued and outstanding at September 30, 2012 and June 30, 2012, respectively	`AdditionalPaidInCapitalCommonStock`	$142.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$552.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$534.45M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.55M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.69M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$652.31M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$676.14M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.21B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.20B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$770.26M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$733.61M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$691.17M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$659.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$74.04M	USD	1 Quarter
Gross profit	`GrossProfit`	$79.09M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$47.06M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.57M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-764.00K	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-894.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$31.63M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$26.21M	USD	1 Quarter
Interest expense	`InterestExpense`	$486.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$124.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$450.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$633.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$15.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-3.53M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.74M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.06M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.64M	USD	1 Quarter
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.14M	shares	1 Quarter
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.62M	shares	1 Quarter
Net income per common share, basic	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Net income per common share, basic	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.55M	shares	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.90M	shares	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.63	USD	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.64M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.31M	USD	1 Quarter
Provision for accounts and notes receivable	`ProvisionForDoubtfulAccounts`	$2.04M	USD	1 Quarter
Provision for accounts and notes receivable	`ProvisionForDoubtfulAccounts`	$1.45M	USD	1 Quarter
Share-based compensation and restricted stock	`ShareBasedCompensation`	$1.77M	USD	1 Quarter
Share-based compensation and restricted stock	`ShareBasedCompensation`	$1.72M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.29M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.48M	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitGossShareBasedCompensationOperatingActivities`	$608.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitGossShareBasedCompensationOperatingActivities`	$1.18M	USD	1 Quarter
Change in fair value of the contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-764.00K	USD	1 Quarter
Change in fair value of the contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-894.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$27.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.24M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$22.57M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-6.68M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.21M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.83M	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-3.51M	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.79M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-36.46M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.67M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.64M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.15M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$8.95M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.71M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.56M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.40M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.01M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.34M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.34M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.01M	USD	1 Quarter
Borrowings (repayments) on short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$1.15M	USD	1 Quarter
Borrowings (repayments) on short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-4.45M	USD	1 Quarter
Borrowings (repayments) on revolving credit, net of debt issuance costs	`ProceedsFromRepaymentsOfLinesOfCredit`	$12.05M	USD	1 Quarter
Borrowings (repayments) on revolving credit, net of debt issuance costs	`ProceedsFromRepaymentsOfLinesOfCredit`	$43.43M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$759.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$719.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.18M	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$608.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.48M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.97M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.07M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$197.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.51M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.56M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.17M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.25M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.64M	USD	1 Quarter
Unrealized gain on hedged transaction, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$139.00K	USD	1 Quarter
Unrealized gain on hedged transaction, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-11.98M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$3.14M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$20.78M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$6.54M	USD	1 Quarter

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