10-Q Filing

Climb Global Solutions, Inc. CIK: 945983 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001104659-16-118313`
Period End Date	20160331
Filing Date	20160505
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	wstg-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 29 Cash Flow Statement 48 Stockholders Equity 20 Comprehensive Income 8

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.88M	USD	Point-in-time
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.67M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.12M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.36M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Accounts receivable, net of allowances of $1,877 and $1,668, respectively	`AccountsReceivableNetCurrent`	$58.97M	USD	Point-in-time
Accounts receivable, net of allowances of $1,877 and $1,668, respectively	`AccountsReceivableNetCurrent`	$55.58M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	4.70M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	4.81M	shares	Point-in-time
Inventory, net	`InventoryNet`	$1.95M	USD	Point-in-time
Inventory, net	`InventoryNet`	$2.39M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$989.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	475,915.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.14M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	583,688.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$261.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$260.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$85.99M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$83.66M	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$362.00K	USD	Point-in-time
Equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$334.00K	USD	Point-in-time
Accounts receivable-long-term	`AccountsReceivableNetNoncurrent`	$7.39M	USD	Point-in-time
Accounts receivable-long-term	`AccountsReceivableNetNoncurrent`	$6.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$82.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$139.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$261.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$253.00K	USD	Point-in-time
Total assets	`Assets`	$91.19M	USD	Point-in-time
Total assets	`Assets`	$94.08M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$52.67M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$55.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.42M	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; 4,808,585 and 4,700,812 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; 4,808,585 and 4,700,812 shares outstanding, respectively	`CommonStockValue`	$53.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$32.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$31.87M	USD	Point-in-time
Treasury stock, at cost, 475,915 and 583,688 shares, respectively	`TreasuryStockValue`	$10.09M	USD	Point-in-time
Treasury stock, at cost, 475,915 and 583,688 shares, respectively	`TreasuryStockValue`	$10.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$17.81M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.45M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$38.53M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$38.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$91.19M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$94.08M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$92.69M	USD	1 Quarter
Net sales	`Revenues`	$93.32M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$87.37M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$86.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.36M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.95M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.47M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.46M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.89M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.49M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$64.00K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$98.00K	USD	1 Quarter
Foreign currency transaction loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.56M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.99M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$684.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$528.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.03M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.30M	USD	1 Quarter
Income per common share-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Income per common share-Basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Income per common share-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.28	USD	1 Quarter
Income per common share-Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Weighted average common shares outstanding-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.69M	shares	1 Quarter
Weighted average common shares outstanding-Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	4.57M	shares	1 Quarter
Weighted average common shares outstanding-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.72M	shares	1 Quarter
Weighted average common shares outstanding-Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	4.58M	shares	1 Quarter
Dividends paid per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.17	USD	1 Quarter
Dividends paid per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.17	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.03M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.30M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$54.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$60.00K	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$8.00K	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$3.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$267.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$399.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.33M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.99M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$418.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$713.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$143.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$416.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.00M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.90M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$58.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-40.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$2.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.53M	USD	1 Quarter
Purchase of equipment and leasehold improvements	`PaymentsToAcquireProductiveAssets`	$40.00K	USD	1 Quarter
Purchase of equipment and leasehold improvements	`PaymentsToAcquireProductiveAssets`	$24.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-24.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-40.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$816.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$827.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$910.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$2.54M	USD	1 Quarter
Tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$70.00K	USD	1 Quarter
Tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$44.00K	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$325.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.68M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.98M	USD	1 Quarter
Effect of foreign exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-129.00K	USD	1 Quarter
Effect of foreign exchange rate on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-272.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.76M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$467.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.12M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.82M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.29M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.36M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaid`	$313.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$532.00K	USD	1 Quarter

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$38.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$38.66M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Balance (in shares)	`TreasuryStockShares`	475,915.00	shares	Point-in-time
Balance (in shares)	`TreasuryStockShares`	583,688.00	shares	Point-in-time
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.03M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.30M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$123.00K	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-609.00K	USD	1 Quarter
Dividends paid	`DividendsCommonStockCash`	$816.00K	USD	1 Quarter
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$399.00K	USD	1 Quarter
Tax benefit from share-based compensation	`AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet`	$43.00K	USD	1 Quarter
Treasury stock repurchased	`TreasuryStockValueAcquiredCostMethod`	$910.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$38.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$38.66M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	5.28M	shares	Point-in-time
Balance (in shares)	`TreasuryStockShares`	475,915.00	shares	Point-in-time
Balance (in shares)	`TreasuryStockShares`	583,688.00	shares	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.03M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.30M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$123.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-609.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$123.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-609.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$694.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.15M	USD	1 Quarter

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