10-Q Filing

SCANSOURCE, INC. CIK: 918965 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000918965-16-000058`
Period End Date	20160930
Filing Date	20161107
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	scsc-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 32 Cash Flow Statement 68 Comprehensive Income 6

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$39.77M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$39.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.24M	USD	Point-in-time
Accounts receivable, less allowance of $39,767 at September 30, 2016 and $39,032 at June 30, 2016	`AccountsReceivableNetCurrent`	$559.56M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Accounts receivable, less allowance of $39,767 at September 30, 2016 and $39,032 at June 30, 2016	`AccountsReceivableNetCurrent`	$637.80M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Inventories	`InventoryNet`	$558.58M	USD	Point-in-time
Inventories	`InventoryNet`	$567.29M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$56.25M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$49.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.31B	USD	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
Total current assets	`AssetsCurrent`	$1.23B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$52.39M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$57.08M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock, share issued (in shares)	`CommonStockSharesIssued`	25.15M	shares	Point-in-time
Goodwill	`Goodwill`	$92.72M	USD	Point-in-time
Goodwill	`Goodwill`	$201.20M	USD	Point-in-time
Common stock, share issued (in shares)	`CommonStockSharesIssued`	25.61M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	25.15M	shares	Point-in-time
Net identifiable intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$51.13M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	25.61M	shares	Point-in-time
Net identifiable intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$110.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNet`	$29.39M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNet`	$28.81M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$37.24M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$39.37M	USD	Point-in-time
Total assets	`Assets`	$1.49B	USD	Point-in-time
Total assets	`Assets`	$1.74B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$471.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$533.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$105.82M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$98.97M	USD	Point-in-time
Current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$32.84M	USD	Point-in-time
Current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$11.59M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.06M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$10.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$585.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$682.51M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.48M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.56M	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	`LineOfCredit`	$160.71M	USD	Point-in-time
Borrowings under revolving credit facility	`LineOfCredit`	$71.43M	USD	Point-in-time
Long-term portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$13.06M	USD	Point-in-time
Long-term portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$78.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$41.83M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$39.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$970.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$716.69M	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, 25,149,586 and 25,614,673 shares issued and outstanding at September 30, 2016 and June 30, 2016, respectively	`AdditionalPaidInCapitalCommonStock`	$52.04M	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 25,149,586 and 25,614,673 shares issued and outstanding at September 30, 2016 and June 30, 2016, respectively	`AdditionalPaidInCapitalCommonStock`	$67.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$794.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$779.93M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-73.62M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-72.69M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$774.50M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$773.16M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.74B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.49B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$932.57M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$870.83M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$783.28M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$841.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$87.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$91.53M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$68.49M	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`	$169.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$24.44M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$22.88M	USD	1 Quarter
Interest expense	`InterestExpense`	$589.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$281.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.01M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$942.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-577.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-680.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.42M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.91M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.82M	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`	$0.58	USD	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	27.70M	shares	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.52M	shares	1 Quarter
Net income per common share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Net income per common share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.76M	shares	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.93M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$16.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.82M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.94M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.22M	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 (recovery of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.75M	USD	1 Quarter
Provision for (recovery of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$517.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.53M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.69M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$680.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$835.00K	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`	$46.00K	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.56M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$169.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.44M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$59.97M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$31.18M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$8.63M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$4.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$16.29M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.36M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.13M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$40.47M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.41M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.48M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$10.03M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.30M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.87M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.27M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.73M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$433.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.98M	USD	1 Quarter
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$83.80M	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`	$-85.78M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-61.91M	USD	1 Quarter
Borrowings on revolving credit	`ProceedsFromLongTermLinesOfCredit`	$236.06M	USD	1 Quarter
Borrowings on revolving credit	`ProceedsFromLongTermLinesOfCredit`	$476.80M	USD	1 Quarter
Repayments on revolving credit	`RepaymentsOfLongTermLinesOfCredit`	$149.06M	USD	1 Quarter
Repayments on revolving credit	`RepaymentsOfLongTermLinesOfCredit`	$387.51M	USD	1 Quarter
Repayments on long-term debt	`RepaymentsOfLongTermDebt`	$617.00K	USD	1 Quarter
Repayments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repayments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$61.00K	USD	1 Quarter
Repayments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$61.00K	USD	1 Quarter
Contingent consideration payments	`ProceedsFromPaymentsForOtherFinancingActivities`	$-8.63M	USD	1 Quarter
Contingent consideration payments	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$97.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$113.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$17.41M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$41.95M	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`	$46.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$63.34M	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`	$-97.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.27M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-80.41M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.27M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.12M	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`	$61.40M	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`	$45.12M	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`	$61.40M	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`	$16.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.82M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-19.96M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-938.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$13.88M	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.