10-Q Filing

SCANSOURCE, INC. CIK: 918965 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000918965-18-000027`
Period End Date	20180930
Filing Date	20181106
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	scsc-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 36 Cash Flow Statement 68 Comprehensive Income 8

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$45.56M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$45.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.53M	USD	Point-in-time
Accounts receivable, less allowance of $45,340 at September 30, 2018 and $45,561 at June 30, 2018	`AccountsReceivableNetCurrent`	$678.94M	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 $45,340 at September 30, 2018 and $45,561 at June 30, 2018	`AccountsReceivableNetCurrent`	$677.50M	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`	$595.95M	USD	Point-in-time
Inventories	`InventoryNet`	$672.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$61.74M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$64.64M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.43B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.36B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$73.04M	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`	$71.62M	USD	Point-in-time
Common stock, share issued (in shares)	`CommonStockSharesIssued`	25.61M	shares	Point-in-time
Goodwill	`Goodwill`	$311.33M	USD	Point-in-time
Common stock, share issued (in shares)	`CommonStockSharesIssued`	25.59M	shares	Point-in-time
Goodwill	`Goodwill`	$298.17M	USD	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$136.81M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	25.59M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	25.61M	shares	Point-in-time
Identifiable intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$131.39M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$22.20M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$21.28M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$52.91M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$52.07M	USD	Point-in-time
Total assets	`Assets`	$1.95B	USD	Point-in-time
Total assets	`Assets`	$2.02B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$562.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$629.24M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$90.87M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherLiabilitiesCurrent`	$86.76M	USD	Point-in-time
Current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$42.98M	USD	Point-in-time
Current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$50.81M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$13.35M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$9.01M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$551.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$335.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$710.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$776.16M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$1.65M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$1.77M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.88M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.76M	USD	Point-in-time
Borrowings under revolving credit facility	`LineOfCredit`	$244.00M	USD	Point-in-time
Borrowings under revolving credit facility	`LineOfCredit`	$276.76M	USD	Point-in-time
Long-term portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$65.26M	USD	Point-in-time
Long-term portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$29.37M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$54.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$52.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.08B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.14B	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, 25,607,664 and 25,593,122 shares issued and outstanding at September 30, 2018 and June 30, 2018, respectively	`AdditionalPaidInCapitalCommonStock`	$68.22M	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 25,607,664 and 25,593,122 shares issued and outstanding at September 30, 2018 and June 30, 2018, respectively	`AdditionalPaidInCapitalCommonStock`	$70.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$882.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$896.65M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-84.18M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-88.79M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$877.90M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$866.38M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$2.02B	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	`RevenueFromContractWithCustomerIncludingAssessedTax`	$924.56M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$972.90M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$860.68M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$818.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$105.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$112.22M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$77.93M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$73.19M	USD	1 Quarter
Depreciation expense	`DepreciationNonproduction`	$3.24M	USD	1 Quarter
Depreciation expense	`DepreciationNonproduction`	$3.27M	USD	1 Quarter
Intangible amortization expense	`AmortizationOfIntangibleAssets`	$5.00M	USD	1 Quarter
Intangible amortization expense	`AmortizationOfIntangibleAssets`	$5.01M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$16.88M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$4.58M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.60M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$21.43M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.63M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.58M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$881.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$451.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-114.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-32.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.78M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.22M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.32M	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`	$0.56	USD	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.60M	shares	1 Quarter
Weighted-average shares outstanding, basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	25.43M	shares	1 Quarter
Net income per common share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Net income per common share, diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.16	USD	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.75M	shares	1 Quarter
Weighted-average shares outstanding, diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.58M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.27M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$84.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$74.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$632.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.10M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.39M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.59M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-397.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-388.00K	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$16.88M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$4.58M	USD	1 Quarter
Contingent consideration paid in excess of acquisition fair value	`PaymentForContingentConsiderationLiabilityOperatingActivities`	-	USD	1 Quarter
Contingent consideration paid in excess of acquisition fair value	`PaymentForContingentConsiderationLiabilityOperatingActivities`	$2.09M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.23M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.52M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$53.09M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$78.83M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.19M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$13.98M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-124.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-4.40M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$69.07M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.01M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.12M	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`	$-4.41M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.71M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-37.39M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.31M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$990.00K	USD	1 Quarter
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$13.21M	USD	1 Quarter
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$142.80M	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-144.11M	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.20M	USD	1 Quarter
Borrowings on revolving credit	`ProceedsFromLongTermLinesOfCredit`	$559.91M	USD	1 Quarter
Borrowings on revolving credit	`ProceedsFromLongTermLinesOfCredit`	$702.43M	USD	1 Quarter
Repayments on revolving credit	`RepaymentsOfLongTermLinesOfCredit`	$513.97M	USD	1 Quarter
Repayments on revolving credit	`RepaymentsOfLongTermLinesOfCredit`	$527.15M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$296.00K	USD	1 Quarter
Repayments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repayments on long-term debt	`RepaymentsOfLongTermDebt`	$330.00K	USD	1 Quarter
Repayments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$141.00K	USD	1 Quarter
Repayments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$165.00K	USD	1 Quarter
Contingent consideration payments	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$40.86M	USD	1 Quarter
Contingent consideration payments	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$30.16M	USD	1 Quarter
Exercise and issuance of equity awards	`ProceedsFromStockOptionsExercised`	$231.00K	USD	1 Quarter
Exercise and issuance of equity awards	`ProceedsFromStockOptionsExercised`	$440.00K	USD	1 Quarter
Taxes paid on settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.00K	USD	1 Quarter
Taxes paid on settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$38.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$147.36M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.53M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-721.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.66M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.48M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.67M	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`	$18.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$56.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.53M	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`	$18.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$56.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.53M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$4.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.32M	USD	1 Quarter
Unrealized gain on hedged transaction, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$146.00K	USD	1 Quarter
Unrealized gain on hedged transaction, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$29.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.76M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$9.88M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.71M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.06M	USD	1 Quarter

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