10-Q Filing

PARK AEROSPACE CORP CIK: 76267 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001133796-11-000306`
Period End Date	20110831
Filing Date	20111006
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	pke-20110828.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 56 Cash Flow Statement 48

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$149.77M	USD	Point-in-time
Marketable securities (Note 4)	`MarketableSecuritiesCurrent`	$107.90M	USD	Point-in-time
Marketable securities (Note 4)	`MarketableSecuritiesCurrent`	$138.25M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$28.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$29.82M	USD	Point-in-time
Inventories (Note 5)	`InventoryNet`	$12.89M	USD	Point-in-time
Inventories (Note 5)	`InventoryNet`	$14.81M	USD	Point-in-time
Prepaid expenses and other current assets (Note 8)	`PrepaidExpenseAndOtherAssetsCurrent`	$3.81M	USD	Point-in-time
Prepaid expenses and other current assets (Note 8)	`PrepaidExpenseAndOtherAssetsCurrent`	$4.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$305.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$296.96M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$41.10M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$41.29M	USD	Point-in-time
Goodwill	`Goodwill`	$7.58M	USD	Point-in-time
Goodwill	`Goodwill`	$6.48M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.40M	USD	Point-in-time
Total assets	`Assets`	$353.81M	USD	Point-in-time
Total assets	`Assets`	$363.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.60M	USD	Point-in-time
Accrued liabilities (Note 7)	`AccruedLiabilitiesCurrent`	$9.50M	USD	Point-in-time
Accrued liabilities (Note 7)	`AccruedLiabilitiesCurrent`	$9.46M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.62M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.68M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.46M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.46M	USD	Point-in-time
Other liabilities (Note 7)	`OtherLiabilitiesNoncurrent`	$1.55M	USD	Point-in-time
Other liabilities (Note 7)	`OtherLiabilitiesNoncurrent`	$1.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.68M	USD	Point-in-time
Common stock	`CommonStockValue`	$2.07M	USD	Point-in-time
Common stock	`CommonStockValue`	$2.08M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$155.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$154.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$166.79M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$177.56M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$1.00K	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$1.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.39M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.98M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$325.31M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$337.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$363.38M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$353.81M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$113.53M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$50.45M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$54.51M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$102.27M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$75.05M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$36.19M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$35.91M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$71.76M	USD	2 Qtrs
Gross profit	`GrossProfit`	$38.48M	USD	2 Qtrs
Gross profit	`GrossProfit`	$14.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$30.50M	USD	2 Qtrs
Gross profit	`GrossProfit`	$18.32M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.00M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.24M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$14.45M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.90M	USD	1 Quarter
Earnings from operations	`OperatingIncomeLoss`	$23.48M	USD	2 Qtrs
Earnings from operations	`OperatingIncomeLoss`	$11.08M	USD	1 Quarter
Earnings from operations	`OperatingIncomeLoss`	$7.63M	USD	1 Quarter
Earnings from operations	`OperatingIncomeLoss`	$16.05M	USD	2 Qtrs
Interest and other income (Note 8)	`InterestAndOtherIncome`	$218.00K	USD	1 Quarter
Interest and other income (Note 8)	`InterestAndOtherIncome`	$294.00K	USD	2 Qtrs
Interest and other income (Note 8)	`InterestAndOtherIncome`	$2.02M	USD	2 Qtrs
Interest and other income (Note 8)	`InterestAndOtherIncome`	$1.79M	USD	1 Quarter
Earnings from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.07M	USD	2 Qtrs
Earnings from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.77M	USD	2 Qtrs
Earnings from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.43M	USD	1 Quarter
Earnings from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.30M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.16M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$4.46M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$1.76M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.85M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$19.32M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$9.45M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$7.67M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$14.91M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.94	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.72	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.72	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.94	USD	2 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	20.60M	shares	2 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	20.63M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	20.74M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	20.73M	shares	2 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.64M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.80M	shares	2 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.62M	shares	2 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.78M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$19.32M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$9.45M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$7.67M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$14.91M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.86M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.46M	USD	2 Qtrs
Amortization of bond premium	`AmortizationOfDebtDiscountPremium`	$198.00K	USD	2 Qtrs
Amortization of bond premium	`AmortizationOfDebtDiscountPremium`	$770.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$550.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$411.00K	USD	2 Qtrs
Change in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$4.02M	USD	2 Qtrs
Change in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$4.22M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.31M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.93M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.65M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.85M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$163.49M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$87.55M	USD	2 Qtrs
Proceeds from sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$117.26M	USD	2 Qtrs
Proceeds from sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$115.64M	USD	2 Qtrs
Business acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.10M	USD	2 Qtrs
Business acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.10M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$25.96M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.81M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$4.12M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$4.14M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.51M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$751.00K	USD	2 Qtrs
Tax benefits from exercise of stock options	`TaxBenefitFromStockOptionsExercised`	$466.00K	USD	2 Qtrs
Tax benefits from exercise of stock options	`TaxBenefitFromStockOptionsExercised`	$52.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.14M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.34M	USD	2 Qtrs
Change in cash and cash equivalents before exchange rate changes	`ChangeInCashAndCashEquivalentsBeforeExchangeRateChanges`	$37.55M	USD	2 Qtrs
Change in cash and cash equivalents before exchange rate changes	`ChangeInCashAndCashEquivalentsBeforeExchangeRateChanges`	$-33.63M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$28.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$80.00K	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-33.55M	USD	2 Qtrs
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$37.58M	USD	2 Qtrs
Cash and cash equivalents, beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$100.48M	USD	Point-in-time
Cash and cash equivalents, beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$134.03M	USD	Point-in-time
Cash and cash equivalents, beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$112.19M	USD	Point-in-time
Cash and cash equivalents, beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$149.77M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$100.48M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$134.03M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$112.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$149.77M	USD	Point-in-time
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$4.13M	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$4.28M	USD	2 Qtrs

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