10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000950123-11-042909 |
| Period End Date | 20110331 |
| Filing Date | 20110502 |
| Fiscal Year | 2011 |
| Fiscal Period | Q1 |
| XBRL Instance | cgnx-20110403.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Reserves for accounts receivable |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$1.24M | USD | Point-in-time |
| Reserves for accounts receivable |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$1.24M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$37.01M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$119.83M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$114.66M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$33.20M | USD | Point-in-time |
| Short-term investments |
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
$147.82M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Short-term investments |
AvailableForSaleSecuritiesDebtSecuritiesCurrent
|
$170.34M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
140.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
140.00M | shares | Point-in-time |
| Accounts receivable, less reserves of $1,244 and $1,235 in 2011 and 2010, respectively |
AccountsReceivableNetCurrent
|
$45.90M | USD | Point-in-time |
| Accounts receivable, less reserves of $1,244 and $1,235 in 2011 and 2010, respectively |
AccountsReceivableNetCurrent
|
$42.12M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$22.72M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
41.06M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$27.26M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
41.51M | shares | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$6.30M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$6.31M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpensesAndOtherCurrentAssets
|
$20.57M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpensesAndOtherCurrentAssets
|
$23.06M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$303.62M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$279.00M | USD | Point-in-time |
| Long-term investments |
LongTermInvestments
|
$109.07M | USD | Point-in-time |
| Long-term investments |
LongTermInvestments
|
$102.06M | USD | Point-in-time |
| Property, plant, and equipment, net |
PropertyPlantAndEquipmentNet
|
$29.60M | USD | Point-in-time |
| Property, plant, and equipment, net |
PropertyPlantAndEquipmentNet
|
$30.06M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$15.72M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$15.55M | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$22.08M | USD | Point-in-time |
| Intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$23.13M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$82.52M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$82.20M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.56M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.57M | USD | Point-in-time |
| Total assets |
Assets
|
$533.10M | USD | Point-in-time |
| Total assets |
Assets
|
$564.65M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$8.08M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$7.15M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$29.35M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$23.94M | USD | Point-in-time |
| Accrued income taxes |
AccruedIncomeTaxesCurrent
|
$10.11M | USD | Point-in-time |
| Accrued income taxes |
AccruedIncomeTaxesCurrent
|
$7.77M | USD | Point-in-time |
| Deferred revenue and customer deposits |
DeferredRevenueAndCreditsCurrent
|
$11.57M | USD | Point-in-time |
| Deferred revenue and customer deposits |
DeferredRevenueAndCreditsCurrent
|
$10.16M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$53.70M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$54.43M | USD | Point-in-time |
| Reserve for income taxes |
LiabilityForUncertainTaxPositionsNoncurrent
|
$5.53M | USD | Point-in-time |
| Reserve for income taxes |
LiabilityForUncertainTaxPositionsNoncurrent
|
$5.36M | USD | Point-in-time |
| Common stock, $.002 par value- Authorized: 140,000 shares, issued: 41,513 and 41,065 shares in 2011 and 2010, respectively |
CommonStockValue
|
$83.00K | USD | Point-in-time |
| Common stock, $.002 par value- Authorized: 140,000 shares, issued: 41,513 and 41,065 shares in 2011 and 2010, respectively |
CommonStockValue
|
$82.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$115.37M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$102.62M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$390.15M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$379.83M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-9.22M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-171.00K | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$473.31M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$505.43M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$564.65M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$533.10M | USD | Point-in-time |
Income Statement
47 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Product |
SalesRevenueGoodsNet
|
$68.88M | USD | 1 Quarter |
| Product |
SalesRevenueGoodsNet
|
$54.61M | USD | 1 Quarter |
| Service |
SalesRevenueServicesNet
|
$4.35M | USD | 1 Quarter |
| Service |
SalesRevenueServicesNet
|
$5.52M | USD | 1 Quarter |
| Total revenue |
SalesRevenueNet
|
$58.97M | USD | 1 Quarter |
| Total revenue |
SalesRevenueNet
|
$74.39M | USD | 1 Quarter |
| Product |
CostOfGoodsSold
|
$15.10M | USD | 1 Quarter |
| Product |
CostOfGoodsSold
|
$12.91M | USD | 1 Quarter |
| Service |
CostOfServices
|
$3.28M | USD | 1 Quarter |
| Service |
CostOfServices
|
$3.03M | USD | 1 Quarter |
| Total cost of revenue |
CostOfGoodsAndServicesSold
|
$18.38M | USD | 1 Quarter |
| Total cost of revenue |
CostOfGoodsAndServicesSold
|
$15.94M | USD | 1 Quarter |
| Product |
GrossMarginProducts
|
$53.78M | USD | 1 Quarter |
| Product |
GrossMarginProducts
|
$41.70M | USD | 1 Quarter |
| Service |
GrossMarginServices
|
$1.32M | USD | 1 Quarter |
| Service |
GrossMarginServices
|
$2.23M | USD | 1 Quarter |
| Total gross margin |
GrossProfit
|
$43.03M | USD | 1 Quarter |
| Total gross margin |
GrossProfit
|
$56.01M | USD | 1 Quarter |
| Research, development, and engineering expenses |
ResearchAndDevelopmentExpense
|
$9.48M | USD | 1 Quarter |
| Research, development, and engineering expenses |
ResearchAndDevelopmentExpense
|
$8.10M | USD | 1 Quarter |
| Selling, general, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$23.62M | USD | 1 Quarter |
| Selling, general, and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$29.16M | USD | 1 Quarter |
| Restructuring charges |
RestructuringSettlementAndImpairmentProvisions
|
$49.00K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$11.25M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$17.37M | USD | 1 Quarter |
| Foreign currency loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-59.00K | USD | 1 Quarter |
| Foreign currency loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-165.00K | USD | 1 Quarter |
| Investment income |
InvestmentIncomeNonoperating
|
$605.00K | USD | 1 Quarter |
| Investment income |
InvestmentIncomeNonoperating
|
$257.00K | USD | 1 Quarter |
| Other expense |
OtherNonoperatingIncomeExpense
|
$-205.00K | USD | 1 Quarter |
| Other expense |
OtherNonoperatingIncomeExpense
|
$-246.00K | USD | 1 Quarter |
| Income before income tax expense |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$11.10M | USD | 1 Quarter |
| Income before income tax expense |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$17.71M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$4.07M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$2.55M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$13.64M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$8.54M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.22 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.33 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.22 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.32 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
39.67M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
41.34M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
39.68M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
42.29M | shares | 1 Quarter |
| Cash dividends per common share |
CommonStockDividendsPerShareCashPaid
|
$0.08 | USD | 1 Quarter |
| Cash dividends per common share |
CommonStockDividendsPerShareCashPaid
|
$0.05 | USD | 1 Quarter |
Cash Flow Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$13.64M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$8.54M | USD | 1 Quarter |
| Stock-based compensation expense |
StockOptionPlanExpense
|
$-33.00K | USD | 1 Quarter |
| Stock-based compensation expense |
StockOptionPlanExpense
|
$2.35M | USD | 1 Quarter |
| Depreciation of property, plant, and equipment |
Depreciation
|
$1.15M | USD | 1 Quarter |
| Depreciation of property, plant, and equipment |
Depreciation
|
$1.30M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$1.08M | USD | 1 Quarter |
| Amortization of intangible assets |
AmortizationOfIntangibleAssets
|
$1.24M | USD | 1 Quarter |
| Amortization of premiums/discounts on investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-1.46M | USD | 1 Quarter |
| Amortization of premiums/discounts on investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-420.00K | USD | 1 Quarter |
| Tax effect of stock option exercises |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$37.00K | USD | 1 Quarter |
| Tax effect of stock option exercises |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$880.00K | USD | 1 Quarter |
| Change in deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-472.00K | USD | 1 Quarter |
| Change in deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-312.00K | USD | 1 Quarter |
| Change in operating assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$1.25M | USD | 1 Quarter |
| Change in operating assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$-2.31M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$9.71M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$20.78M | USD | 1 Quarter |
| Purchases of investments |
PaymentsToAcquireInvestments
|
$16.69M | USD | 1 Quarter |
| Purchases of investments |
PaymentsToAcquireInvestments
|
$64.27M | USD | 1 Quarter |
| Maturities and sales of investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$9.89M | USD | 1 Quarter |
| Maturities and sales of investments |
ProceedsFromSaleMaturityAndCollectionsOfInvestments
|
$40.10M | USD | 1 Quarter |
| Purchases of property, plant, and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.08M | USD | 1 Quarter |
| Purchases of property, plant, and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.58M | USD | 1 Quarter |
| Cash received related to disposition |
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
$315.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-7.57M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-25.75M | USD | 1 Quarter |
| Issuance of common stock under stock option plans |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$9.52M | USD | 1 Quarter |
| Issuance of common stock under stock option plans |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$120.00K | USD | 1 Quarter |
| Stock option buyback |
StockOptionBuyback
|
$83.00K | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividendsCommonStock
|
$1.98M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividendsCommonStock
|
$3.32M | USD | 1 Quarter |
| Tax effect of stock option exercises |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$880.00K | USD | 1 Quarter |
| Tax effect of stock option exercises |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$37.00K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$7.08M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.91M | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-5.40M | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$1.70M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$3.81M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-5.17M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$37.01M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$119.83M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$114.66M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$33.20M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$37.01M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$119.83M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$114.66M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$33.20M | USD | Point-in-time |
Stockholders Equity
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$473.31M | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$505.43M | USD | Point-in-time |
| Beginning Balance, Shares |
CommonStockSharesIssued
|
41.06M | shares | Point-in-time |
| Beginning Balance, Shares |
CommonStockSharesIssued
|
41.51M | shares | Point-in-time |
| Issuance of common stock under stock option plans, Value |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$9.52M | USD | 1 Quarter |
| Stock-based compensation expense |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$2.35M | USD | 1 Quarter |
| Excess tax benefit from stock option exercises |
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
$880.00K | USD | 1 Quarter |
| Payment of dividends |
DividendsCommonStockCash
|
$3.32M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$13.64M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$8.54M | USD | 1 Quarter |
| Net unrealized loss on available-for-sale investments, net of tax of $53 |
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
|
$-558.00K | USD | 1 Quarter |
| Foreign currency translation adjustment, net of tax of $327 |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
|
$9.60M | USD | 1 Quarter |
| Ending Balance (unaudited) |
StockholdersEquity
|
$473.31M | USD | Point-in-time |
| Ending Balance (unaudited) |
StockholdersEquity
|
$505.43M | USD | Point-in-time |
| Ending Balance, Shares (unaudited) |
CommonStockSharesIssued
|
41.06M | shares | Point-in-time |
| Ending Balance, Shares (unaudited) |
CommonStockSharesIssued
|
41.51M | shares | Point-in-time |
Comprehensive Income
2 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Tax effect of unrealized loss on available-for-sale investments |
OtherComprehensiveIncomeAvailableForSaleSecuritiesTax
|
$53.00K | USD | 1 Quarter |
| Tax effect of foreign currency translation adjustment |
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax
|
$327.00K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.