10-Q Filing

Climb Global Solutions, Inc. CIK: 945983 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-033145`
Period End Date	20120331
Filing Date	20120504
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	wstg-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 29 Cash Flow Statement 53 Stockholders Equity 16 Comprehensive Income 10

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.43M	USD	Point-in-time
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.51M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.20M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	4.67M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.96M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	4.68M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	613,515.00	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.83M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$5.38M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	604,622.00	shares	Point-in-time
Accounts receivable, net of allowances of $1,432 and $1,513, respectively	`AccountsReceivableNetCurrent`	$46.65M	USD	Point-in-time
Accounts receivable, net of allowances of $1,432 and $1,513, respectively	`AccountsReceivableNetCurrent`	$47.07M	USD	Point-in-time
Inventory, net	`InventoryNet`	$1.24M	USD	Point-in-time
Inventory, net	`InventoryNet`	$1.23M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$305.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$329.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$65.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$64.31M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$458.00K	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$435.00K	USD	Point-in-time
Accounts receivable-long-term	`AccountsReceivableNetNoncurrent`	$8.96M	USD	Point-in-time
Accounts receivable-long-term	`AccountsReceivableNetNoncurrent`	$8.89M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$43.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$251.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$250.00K	USD	Point-in-time
Total assets	`Assets`	$74.86M	USD	Point-in-time
Total assets	`Assets`	$73.99M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$44.51M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$45.80M	USD	Point-in-time
Current portion - capital lease obligation	`CapitalLeaseObligationsCurrent`	$76.00K	USD	Point-in-time
Current portion - capital lease obligation	`CapitalLeaseObligationsCurrent`	$76.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.87M	USD	Point-in-time
Long- term portion- capital lease obligation	`CapitalLeaseObligationsNoncurrent`	$35.00K	USD	Point-in-time
Long- term portion- capital lease obligation	`CapitalLeaseObligationsNoncurrent`	$55.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$44.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$45.93M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $.01 par value; 10,000,000 shares authorized, 5,284,500 shares issued; 4,670,985 and 4,679,878 shares outstanding, respectively	`CommonStockValue`	$53.00K	USD	Point-in-time
Common Stock, $.01 par value; 10,000,000 shares authorized, 5,284,500 shares issued; 4,670,985 and 4,679,878 shares outstanding, respectively	`CommonStockValue`	$53.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$26.73M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$26.92M	USD	Point-in-time
Treasury stock, at cost, 613,515 and 604,622 shares, respectively	`TreasuryStockValue`	$4.99M	USD	Point-in-time
Treasury stock, at cost, 613,515 and 604,622 shares, respectively	`TreasuryStockValue`	$5.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.10M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$329.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$401.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$29.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$28.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$73.99M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$74.86M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$66.91M	USD	1 Quarter
Net sales	`Revenues`	$51.55M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$61.34M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$46.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.57M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.53M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.99M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.58M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.29M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$86.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNonoperatingNet`	$124.00K	USD	1 Quarter
Realized foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.00K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.38M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$538.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$676.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$843.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.03M	USD	1 Quarter
Net income per common share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Net income per common share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Net income per common share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Net income per common share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Weighted average common shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.43M	shares	1 Quarter
Weighted average common shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.41M	shares	1 Quarter
Weighted average common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.61M	shares	1 Quarter
Weighted average common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.65M	shares	1 Quarter
Dividends paid per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.16	USD	1 Quarter
Dividends paid per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.16	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$843.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$79.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$81.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$24.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$22.00K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$95.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$231.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$289.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-354.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.26M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$129.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-7.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$37.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-695.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.13M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.34M	USD	1 Quarter
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.00K	USD	1 Quarter
Net change in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-10.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.19M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.19M	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$680.00K	USD	1 Quarter
Redemptions of available-for-sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$2.25M	USD	1 Quarter
Redemptions of available-for-sale securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$1.23M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$119.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$57.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$488.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$2.13M	USD	1 Quarter
Dividend paid	`PaymentsOfDividendsCommonStock`	$753.00K	USD	1 Quarter
Dividend paid	`PaymentsOfDividendsCommonStock`	$743.00K	USD	1 Quarter
Treasury stock repurchased	`PaymentsForRepurchaseOfCommonStock`	$620.00K	USD	1 Quarter
Treasury stock repurchased	`PaymentsForRepurchaseOfCommonStock`	$113.00K	USD	1 Quarter
Tax (expense) benefit from share- based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$61.00K	USD	1 Quarter
Tax (expense) benefit from share- based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-39.00K	USD	1 Quarter
Repayment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$21.00K	USD	1 Quarter
Repayment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$21.00K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$71.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-916.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.26M	USD	1 Quarter
Effect of foreign exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$20.00K	USD	1 Quarter
Effect of foreign exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$71.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$777.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$2.13M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.96M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$344.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$1.00M	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$29.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$28.93M	USD	Point-in-time
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$843.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.03M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$121.00K	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$68.00K	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$3.00K	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$4.00K	USD	1 Quarter
Dividends paid	`DividendsCommonStockCash`	$743.00K	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$231.00K	USD	1 Quarter
Tax expense from share-based compensation	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$-39.00K	USD	1 Quarter
Treasury shares repurchased	`TreasuryStockValueAcquiredCostMethod`	$113.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$29.37M	USD	Point-in-time
Balance	`StockholdersEquity`	$28.93M	USD	Point-in-time
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$124.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$72.00K	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$843.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.03M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$121.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$68.00K	USD	1 Quarter
Unrealized gain on available-for-sale marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$3.00K	USD	1 Quarter
Unrealized gain on available-for-sale marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$4.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$124.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$72.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$967.00K	USD	1 Quarter

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