10-Q Filing

SCANSOURCE, INC. CIK: 918965 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000918965-14-000025`
Period End Date	20140930
Filing Date	20141104
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	scsc-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 32 Cash Flow Statement 63 Comprehensive Income 6

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$194.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$148.16M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$24.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$193.77M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.26M	USD	Point-in-time
Accounts receivable, less allowance of $24,110 at September 30, 2014 and $26,257 at June 30, 2014	`AccountsReceivableNetCurrent`	$464.40M	USD	Point-in-time
Accounts receivable, less allowance of $24,110 at September 30, 2014 and $26,257 at June 30, 2014	`AccountsReceivableNetCurrent`	$500.00M	USD	Point-in-time
Inventories	`InventoryNet`	$504.76M	USD	Point-in-time
Inventories	`InventoryNet`	$495.09M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	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`	$44.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$33.56M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$18.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$18.30M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.20B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.22B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.42M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$31.82M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	28.55M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	28.54M	shares	Point-in-time
Goodwill	`Goodwill`	$32.34M	USD	Point-in-time
Goodwill	`Goodwill`	$50.95M	USD	Point-in-time
Other non-current assets, including net identifiable intangible assets	`OtherAssetsNoncurrent`	$55.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.55M	shares	Point-in-time
Other non-current assets, including net identifiable intangible assets	`OtherAssetsNoncurrent`	$73.87M	USD	Point-in-time
Total assets	`Assets`	$1.36B	USD	Point-in-time
Total assets	`Assets`	$1.34B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$421.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$423.55M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$67.92M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$63.57M	USD	Point-in-time
Business Combination, Contingent Consideration, Liability, Current	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$7.81M	USD	Point-in-time
Business Combination, Contingent Consideration, Liability, Current	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$5.85M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$15.16M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$8.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$499.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$514.43M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$185.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$4.36M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.43M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.43M	USD	Point-in-time
Business Combination, Contingent Consideration, Liability, Noncurrent	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$5.26M	USD	Point-in-time
Business Combination, Contingent Consideration, Liability, Noncurrent	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$2.36M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$24.16M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$21.78M	USD	Point-in-time
Total liabilities	`Liabilities`	$532.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$550.73M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	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, 28,551,300 and 28,539,481 shares issued and outstanding at September 30, 2014 and June 30, 2014, respectively	`AdditionalPaidInCapitalCommonStock`	$168.45M	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 28,551,300 and 28,539,481 shares issued and outstanding at September 30, 2014 and June 30, 2014, respectively	`AdditionalPaidInCapitalCommonStock`	$170.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$670.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$650.90M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-29.94M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.70M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$802.64M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$810.26M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.34B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.36B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$791.72M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$731.90M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$714.08M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$655.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$77.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$76.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.16M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$47.54M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$738.00K	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$513.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$28.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$28.98M	USD	1 Quarter
Interest expense	`InterestExpense`	$190.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$247.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$574.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$835.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-109.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-386.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.44M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$29.24M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.03M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.44M	USD	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.54M	shares	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.03M	shares	1 Quarter
Net income per common share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Net income per common share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.79M	shares	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.26M	shares	1 Quarter
Net income per common share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Net income per common share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.44M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.90M	USD	1 Quarter
Amortization of Financing Costs	`AmortizationOfFinancingCosts`	$74.00K	USD	1 Quarter
Amortization of Financing Costs	`AmortizationOfFinancingCosts`	$86.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.93M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-2.07M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.16M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.41M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$885.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$255.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$274.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$70.00K	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$738.00K	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$513.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.25M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$22.52M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$28.62M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-14.53M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.72M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.53M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-307.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$538.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.96M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$53.70M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.01M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.47M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.46M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.26M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$45.70M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$698.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$215.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.32M	USD	1 Quarter
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$35.50M	USD	Point-in-time
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$35.52M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-215.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.84M	USD	1 Quarter
Borrowings (repayments) on short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-4.61M	USD	1 Quarter
Borrowings (repayments) on short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	1 Quarter
Repayments of Long-term Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$81.00K	USD	1 Quarter
Repayments of Long-term Capital Lease Obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Contingent consideration payments	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.53M	USD	1 Quarter
Contingent consideration payments	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.64M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$205.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.79M	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$70.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$274.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-584.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.94M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.91M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$703.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$45.60M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-54.99M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$194.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$148.16M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$139.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$193.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$194.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$148.16M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$139.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$193.77M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.44M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$4.27M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-13.24M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$23.71M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.96M	USD	1 Quarter

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