10-Q Filing

SCANSOURCE, INC. CIK: 918965 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000918965-15-000026`
Period End Date	20150930
Filing Date	20151104
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	scsc-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 32 Cash Flow Statement 70 Comprehensive Income 6

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$32.59M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$31.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$139.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$194.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.24M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Accounts receivable, less allowance of $31,149 at September 30, 2015 and $32,589 at June 30, 2015	`AccountsReceivableNetCurrent`	$588.01M	USD	Point-in-time
Accounts receivable, less allowance of $31,149 at September 30, 2015 and $32,589 at June 30, 2015	`AccountsReceivableNetCurrent`	$522.53M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Inventories	`InventoryNet`	$588.20M	USD	Point-in-time
Inventories	`InventoryNet`	$553.06M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$69.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$46.92M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$20.56M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$19.79M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.31B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.26B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$46.57M	USD	Point-in-time
Common stock, share issued (in shares)	`CommonStockSharesIssued`	27.08M	shares	Point-in-time
Common stock, share issued (in shares)	`CommonStockSharesIssued`	28.21M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$45.46M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	28.21M	shares	Point-in-time
Goodwill	`Goodwill`	$83.25M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	27.08M	shares	Point-in-time
Goodwill	`Goodwill`	$66.51M	USD	Point-in-time
Net identifiable intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$46.27M	USD	Point-in-time
Net identifiable intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$57.46M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$52.87M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$50.27M	USD	Point-in-time
Total assets	`Assets`	$1.54B	USD	Point-in-time
Total assets	`Assets`	$1.48B	USD	Point-in-time
Current debt	`DebtCurrent`	$1.70M	USD	Point-in-time
Current debt	`DebtCurrent`	$2.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$501.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$516.15M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$87.75M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$81.00M	USD	Point-in-time
Current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$9.39M	USD	Point-in-time
Current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$15.46M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.18M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$11.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$632.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$598.76M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.56M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.77M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.77M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.97M	USD	Point-in-time
Borrowings under revolving credit facility	`LineOfCredit`	$87.00M	USD	Point-in-time
Borrowings under revolving credit facility	`LineOfCredit`	-	USD	Point-in-time
Long-term portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$13.60M	USD	Point-in-time
Long-term portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$24.57M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$34.89M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$36.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$667.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$778.57M	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, 27,078,077 and 28,214,153 shares issued and outstanding at September 30, 2015 and June 30, 2015, respectively	`AdditionalPaidInCapitalCommonStock`	$116.85M	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 27,078,077 and 28,214,153 shares issued and outstanding at September 30, 2015 and June 30, 2015, respectively	`AdditionalPaidInCapitalCommonStock`	$157.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$716.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$732.31M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-84.47M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-64.50M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$808.99M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$764.69M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.54B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.48B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$870.83M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$791.72M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$714.08M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$783.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$77.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$87.55M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.16M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$61.55M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.56M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$513.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$28.98M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$24.44M	USD	1 Quarter
Interest expense	`InterestExpense`	$281.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$190.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$835.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$942.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-680.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-386.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$29.24M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.42M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.03M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.00M	USD	1 Quarter
Net income per common share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Net income per common share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.54M	shares	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.70M	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`	$0.57	USD	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.79M	shares	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.93M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.94M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$74.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$74.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$517.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-2.07M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.53M	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`	$680.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$27.00K	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`	$1.56M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$513.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$22.52M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.44M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-14.53M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$31.18M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$16.29M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.72M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.13M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-307.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.41M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-11.96M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.48M	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`	$7.30M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.73M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$698.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$433.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.32M	USD	1 Quarter
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$35.52M	USD	1 Quarter
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$61.48M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.84M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-61.91M	USD	1 Quarter
Borrowings (repayments) on short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	1 Quarter
Borrowings (repayments) on short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-4.61M	USD	1 Quarter
Borrowings on revolving credit	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Borrowings on revolving credit	`ProceedsFromLongTermLinesOfCredit`	$236.06M	USD	1 Quarter
Repayments on revolving credit	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Repayments on revolving credit	`RepaymentsOfLongTermLinesOfCredit`	$149.06M	USD	1 Quarter
Repayments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repayments on long-term debt	`RepaymentsOfLongTermDebt`	$617.00K	USD	1 Quarter
Repayments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$81.00K	USD	1 Quarter
Repayments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$61.00K	USD	1 Quarter
Contingent consideration payments	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Contingent consideration payments	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.53M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$97.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$205.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$41.95M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$27.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$70.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.94M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$44.50M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.27M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.91M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-80.41M	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`	$139.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$194.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$121.65M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.24M	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`	$194.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$121.65M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.24M	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`	$16.00M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-19.96M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-13.24M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$5.96M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.97M	USD	1 Quarter

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