10-Q Filing

SCANSOURCE, INC. CIK: 918965 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000918965-17-000031`
Period End Date	20170930
Filing Date	20171107
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	scsc-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 36 Cash Flow Statement 70 Comprehensive Income 8

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$44.43M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$47.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.09M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Accounts receivable, less allowance of $47,249 at September 30, 2017 and $44,434 at June 30, 2017	`AccountsReceivableNetCurrent`	$661.39M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Accounts receivable, less allowance of $47,249 at September 30, 2017 and $44,434 at June 30, 2017	`AccountsReceivableNetCurrent`	$637.29M	USD	Point-in-time
Inventories	`InventoryNet`	$531.31M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Inventories	`InventoryNet`	$597.34M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$56.32M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$72.15M	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
Total current assets	`AssetsCurrent`	$1.35B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.28B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$79.13M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$56.57M	USD	Point-in-time
Common stock, share issued (in shares)	`CommonStockSharesIssued`	25.43M	shares	Point-in-time
Goodwill	`Goodwill`	$302.93M	USD	Point-in-time
Goodwill	`Goodwill`	$200.88M	USD	Point-in-time
Common stock, share issued (in shares)	`CommonStockSharesIssued`	25.44M	shares	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$154.32M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	25.43M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	25.44M	shares	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$101.51M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$29.49M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$13.48M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$45.77M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$48.83M	USD	Point-in-time
Total assets	`Assets`	$1.95B	USD	Point-in-time
Total assets	`Assets`	$1.72B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$26.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$534.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$513.15M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$104.72M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$106.51M	USD	Point-in-time
Current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$30.68M	USD	Point-in-time
Current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$48.93M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.73M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$656.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$697.97M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$2.01M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$14.53M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.43M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.40M	USD	Point-in-time
Borrowings under revolving credit facility	`LineOfCredit`	$280.33M	USD	Point-in-time
Borrowings under revolving credit facility	`LineOfCredit`	$91.87M	USD	Point-in-time
Long-term portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$54.56M	USD	Point-in-time
Long-term portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$83.36M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$44.37M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$42.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.10B	USD	Point-in-time
Total liabilities	`Liabilities`	$881.16M	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, 25,440,316 and 25,431,845 shares issued and outstanding at September 30, 2017 and June 30, 2017, respectively	`AdditionalPaidInCapitalCommonStock`	$61.17M	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 25,440,316 and 25,431,845 shares issued and outstanding at September 30, 2017 and June 30, 2017, respectively	`AdditionalPaidInCapitalCommonStock`	$62.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$849.18M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$853.33M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-63.29M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-73.20M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$852.98M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$837.14M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.72B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$1.95B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$924.56M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$932.57M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$841.03M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$818.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$105.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$91.53M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$73.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$63.27M	USD	1 Quarter
Depreciation expense	`DepreciationNonproduction`	$2.07M	USD	1 Quarter
Depreciation expense	`DepreciationNonproduction`	$3.24M	USD	1 Quarter
Intangible amortization expense	`AmortizationOfIntangibleAssets`	$5.01M	USD	1 Quarter
Intangible amortization expense	`AmortizationOfIntangibleAssets`	$3.15M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$16.88M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$169.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$22.88M	USD	1 Quarter
Interest expense	`InterestExpense`	$589.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.58M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$881.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$1.01M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-577.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-114.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.78M	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`	$2.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.15M	USD	1 Quarter
Net income per common share, basic (in dollars per share)	`EarningsPerShareBasic`	$0.16	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`	25.43M	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`	$0.16	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`	25.58M	shares	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.76M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$14.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$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 doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.75M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.10M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.59M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.69M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-388.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$835.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	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`	$16.88M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$169.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.23M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$59.97M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$8.63M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$53.09M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$4.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$13.98M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-4.40M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$2.36M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$40.47M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.01M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$10.03M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.01M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-535.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.87M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-37.39M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.27M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.31M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.98M	USD	1 Quarter
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$142.80M	USD	1 Quarter
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$83.80M	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-85.78M	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-144.11M	USD	1 Quarter
Borrowings on revolving credit	`ProceedsFromLongTermLinesOfCredit`	$476.80M	USD	1 Quarter
Borrowings on revolving credit	`ProceedsFromLongTermLinesOfCredit`	$702.43M	USD	1 Quarter
Repayments on revolving credit	`RepaymentsOfLongTermLinesOfCredit`	$387.51M	USD	1 Quarter
Repayments on revolving credit	`RepaymentsOfLongTermLinesOfCredit`	$513.97M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$296.00K	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Repayments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$141.00K	USD	1 Quarter
Repayments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$61.00K	USD	1 Quarter
Contingent consideration payments	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$40.86M	USD	1 Quarter
Contingent consideration payments	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$8.63M	USD	1 Quarter
Exercise and issuance of equity awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$231.00K	USD	1 Quarter
Exercise and issuance of equity awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$187.00K	USD	1 Quarter
Taxes paid on settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$74.00K	USD	1 Quarter
Taxes paid on settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$38.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$17.41M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$46.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$63.34M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$147.36M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.66M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-97.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.27M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.48M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.62M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.12M	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`	$56.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.62M	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`	$61.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$56.09M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$14.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.15M	USD	1 Quarter
Unrealized gain on hedged transaction, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized gain on hedged transaction, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$29.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-938.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$9.88M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.06M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.88M	USD	1 Quarter

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