10-Q Filing

DIGI INTERNATIONAL INC CIK: 854775 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000950123-12-002167`
Period End Date	20111231
Filing Date	20120208
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	dgii-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 41 Cash Flow Statement 53

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.57M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.21M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.68M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$51.52M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$54.13M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$23.92M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$26.43M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Inventories	`InventoryNet`	$25.22M	USD	Point-in-time
Inventories	`InventoryNet`	$23.99M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.10M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.12M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$2.61M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$2.60M	USD	Point-in-time
Other	`PrepaidExpenseAndOtherAssetsCurrent`	$4.36M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.44M	shares	Point-in-time
Other	`PrepaidExpenseAndOtherAssetsCurrent`	$3.00M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.47M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$152.79M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$162.23M	USD	Point-in-time
Marketable securities, long-term	`AvailableForSaleSecuritiesNoncurrent`	$1.60M	USD	Point-in-time
Marketable securities, long-term	`AvailableForSaleSecuritiesNoncurrent`	$9.51M	USD	Point-in-time
Property, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$15.37M	USD	Point-in-time
Property, equipment and improvements, net	`PropertyPlantAndEquipmentNet`	$16.03M	USD	Point-in-time
Identifiable intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$14.36M	USD	Point-in-time
Identifiable intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$13.20M	USD	Point-in-time
Goodwill	`Goodwill`	$85.61M	USD	Point-in-time
Goodwill	`Goodwill`	$86.01M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$3.77M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$4.29M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$545.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$519.00K	USD	Point-in-time
Total assets	`Assets`	$281.94M	USD	Point-in-time
Total assets	`Assets`	$283.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.22M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$7.76M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$5.17M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$1.01M	USD	Point-in-time
Accrued warranty	`ProductWarrantyAccrualClassifiedCurrent`	$941.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$4.15M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$4.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.56M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$2.62M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$2.40M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$813.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$741.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$184.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$260.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$23.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$20.89M	USD	Point-in-time
Contingencies (see Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (see Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized;none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized;none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value; 60,000,000 shares authorized; 29,115,604 and 29,100,577 shares issued	`CommonStockValue`	$291.00K	USD	Point-in-time
Common stock, $.01 par value; 60,000,000 shares authorized; 29,115,604 and 29,100,577 shares issued	`CommonStockValue`	$291.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$195.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$194.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$102.67M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$103.39M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.22M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.46M	USD	Point-in-time
Treasury stock, at cost, 3,438,598 and 3,471,930 shares	`TreasuryStockValue`	$26.37M	USD	Point-in-time
Treasury stock, at cost, 3,438,598 and 3,471,930 shares	`TreasuryStockValue`	$26.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$260.72M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$261.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$281.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$283.89M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$46.66M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$48.33M	USD	1 Quarter
Cost of sales (exclusive of amortization of purchased and core technology shown separately below)	`CostOfGoodsAndServicesSold`	$22.82M	USD	1 Quarter
Cost of sales (exclusive of amortization of purchased and core technology shown separately below)	`CostOfGoodsAndServicesSold`	$21.71M	USD	1 Quarter
Amortization of purchased and core technology	`CostOfGoodsSoldAmortization`	$524.00K	USD	1 Quarter
Amortization of purchased and core technology	`CostOfGoodsSoldAmortization`	$848.00K	USD	1 Quarter
Gross profit	`GrossProfit`	$24.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$24.67M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$10.10M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$9.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$8.23M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$7.81M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.05M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.45M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$-50.00K	USD	1 Quarter
Restructuring	`RestructuringCharges`	$236.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.61M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$22.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$816.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.67M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$72.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$57.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$26.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$147.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-12.00K	USD	1 Quarter
Total other income, net	`OtherIncomeNet`	$19.00K	USD	1 Quarter
Total other income, net	`OtherIncomeNet`	$219.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.68M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.03M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$368.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$311.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$724.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.11M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.64M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.14M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.45M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$724.00K	USD	1 Quarter
Depreciation of property, equipment and improvements	`Depreciation`	$784.00K	USD	1 Quarter
Depreciation of property, equipment and improvements	`Depreciation`	$713.00K	USD	1 Quarter
Amortization of identifiable intangible assets	`AmortizationOfIntangibleAssets`	$1.25M	USD	1 Quarter
Amortization of identifiable intangible assets	`AmortizationOfIntangibleAssets`	$1.70M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$931.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$871.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$59.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$13.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-584.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-583.00K	USD	1 Quarter
Bad debt/product return provision	`ProvisionForDoubtfulAccounts`	$323.00K	USD	1 Quarter
Bad debt/product return provision	`ProvisionForDoubtfulAccounts`	$90.00K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$201.00K	USD	1 Quarter
Inventory obsolescence	`InventoryWriteDown`	$476.00K	USD	1 Quarter
Restructuring	`RestructuringCostsAndAssetImpairmentChargesIncurred`	$-236.00K	USD	1 Quarter
Restructuring	`RestructuringCostsAndAssetImpairmentChargesIncurred`	$50.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$274.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-110.00K	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$3.61M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$557.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$242.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.75M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$22.79M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$2.17M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$11.41M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$12.30M	USD	1 Quarter
Proceeds from sale of investment	`ProceedsFromSaleOfInvestmentProjects`	$135.00K	USD	1 Quarter
Purchase of property, equipment, improvements and certain other intangible assets	`PaymentsToAcquireProductiveAssets`	$721.00K	USD	1 Quarter
Purchase of property, equipment, improvements and certain other intangible assets	`PaymentsToAcquireProductiveAssets`	$1.62M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.98M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$8.51M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$59.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$13.00K	USD	1 Quarter
Proceeds from stock option plan transactions	`ProceedsFromStockOptionsExercised`	$150.00K	USD	1 Quarter
Proceeds from stock option plan transactions	`ProceedsFromStockOptionsExercised`	$443.00K	USD	1 Quarter
Proceeds from employee stock purchase plan transactions	`ProceedsFromStockPlans`	$314.00K	USD	1 Quarter
Proceeds from employee stock purchase plan transactions	`ProceedsFromStockPlans`	$269.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$477.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$771.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-770.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-855.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.12M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.26M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$42.57M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.94M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$64.21M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.68M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$42.57M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.94M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$64.21M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.68M	USD	Point-in-time

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