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10-Q Filing

PARK AEROSPACE CORP CIK: 76267 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0001133796-12-000134
Period End Date 20120531
Filing Date 20120706
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance pke-20120527.xml
Filing Contents
Balance Sheet 54 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $594.00K USD Point-in-time
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivable $598.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $128.59M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $112.19M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $129.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $164.87M USD Point-in-time
Marketable securities (Note 4) MarketableSecuritiesCurrent $139.86M USD Point-in-time
Marketable securities (Note 4) MarketableSecuritiesCurrent $139.28M USD Point-in-time
Accounts receivable, less allowance for doubtful accounts of $594 and $598, respectively AccountsReceivableNetCurrent $23.53M USD Point-in-time
Accounts receivable, less allowance for doubtful accounts of $594 and $598, respectively AccountsReceivableNetCurrent $27.51M USD Point-in-time
Inventories (Note 5) InventoryNet $18.40M USD Point-in-time
Inventories (Note 5) InventoryNet $15.82M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $3.45M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $3.54M USD Point-in-time
Total current assets AssetsCurrent $317.90M USD Point-in-time
Total current assets AssetsCurrent $311.59M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $37.96M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $38.70M USD Point-in-time
Goodwill and other intangible assets Goodwill $7.66M USD Point-in-time
Goodwill and other intangible assets Goodwill $7.66M USD Point-in-time
Other assets OtherAssetsNoncurrent $8.04M USD Point-in-time
Other assets OtherAssetsNoncurrent $8.35M USD Point-in-time
Total assets Assets $371.87M USD Point-in-time
Total assets Assets $365.99M USD Point-in-time
Accounts payable AccountsPayableCurrent $8.43M USD Point-in-time
Accounts payable AccountsPayableCurrent $9.26M USD Point-in-time
Accrued liabilities (Note 7) AccruedLiabilitiesCurrent $8.82M USD Point-in-time
Accrued liabilities (Note 7) AccruedLiabilitiesCurrent $9.99M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $4.20M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $4.70M USD Point-in-time
Total current liabilities LiabilitiesCurrent $21.44M USD Point-in-time
Total current liabilities LiabilitiesCurrent $23.94M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.06M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.06M USD Point-in-time
Other liabilities (Note 7) OtherLiabilitiesNoncurrent $274.00K USD Point-in-time
Other liabilities (Note 7) OtherLiabilitiesNoncurrent $274.00K USD Point-in-time
Total liabilities Liabilities $22.78M USD Point-in-time
Total liabilities Liabilities $25.28M USD Point-in-time
Commitments and contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 12) CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $2.08M USD Point-in-time
Common stock CommonStockValue $2.08M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $157.34M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $157.12M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $181.94M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $184.79M 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 $2.37M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $2.08M USD Point-in-time
Total shareholders' equity StockholdersEquity $346.59M USD Point-in-time
Total shareholders' equity StockholdersEquity $343.21M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $371.87M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $365.99M USD Point-in-time
Income Statement 29 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $51.82M USD 1 Quarter
Net sales SalesRevenueNet $46.05M USD 1 Quarter
Cost of sales CostOfGoodsSold $35.85M USD 1 Quarter
Cost of sales CostOfGoodsSold $33.07M USD 1 Quarter
Gross profit GrossProfit $15.97M USD 1 Quarter
Gross profit GrossProfit $12.98M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $7.55M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $7.06M USD 1 Quarter
Restructuring charges (Note 7) RestructuringCharges $11.00K USD 1 Quarter
Earnings from operations OperatingIncomeLoss $5.91M USD 1 Quarter
Earnings from operations OperatingIncomeLoss $8.42M USD 1 Quarter
Interest and other income InterestAndOtherIncome $221.00K USD 1 Quarter
Interest and other income InterestAndOtherIncome $198.00K USD 1 Quarter
Earnings from operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $8.64M USD 1 Quarter
Earnings from operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $6.11M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $1.40M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $1.17M USD 1 Quarter
Net earnings NetIncomeLoss $7.24M USD 1 Quarter
Net earnings NetIncomeLoss $4.93M USD 1 Quarter
Basic EarningsPerShareBasic $0.35 USD 1 Quarter
Basic EarningsPerShareBasic $0.24 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.35 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.24 USD 1 Quarter
Basic shares WeightedAverageNumberOfSharesOutstandingBasic 20.80M shares 1 Quarter
Basic shares WeightedAverageNumberOfSharesOutstandingBasic 20.72M shares 1 Quarter
Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding 20.82M shares 1 Quarter
Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding 20.85M shares 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.10 USD 1 Quarter
Dividends declared per share CommonStockDividendsPerShareDeclared $0.10 USD 1 Quarter
Cash Flow Statement 44 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $7.24M USD 1 Quarter
Net earnings NetIncomeLoss $4.93M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.43M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.10M USD 1 Quarter
Amortization of bond premium AmortizationOfDebtDiscountPremium $306.00K USD 1 Quarter
Amortization of bond premium AmortizationOfDebtDiscountPremium $361.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $210.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $194.00K USD 1 Quarter
Change in operating assets and liabilities IncreaseDecreaseInOperatingCapital $-964.00K USD 1 Quarter
Change in operating assets and liabilities IncreaseDecreaseInOperatingCapital $4.15M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $2.38M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $10.21M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.50M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $388.00K USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $21.99M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireMarketableSecurities $73.41M USD 1 Quarter
Proceeds from sales and maturities of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $72.55M USD 1 Quarter
Proceeds from sales and maturities of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $69.01M USD 1 Quarter
Business acquisition PaymentsToAcquireBusinessesNetOfCashAcquired $1.10M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $44.41M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-1.25M USD 1 Quarter
Dividends paid PaymentsOfDividends $2.08M USD 1 Quarter
Dividends paid PaymentsOfDividends $2.07M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $109.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $32.00K USD 1 Quarter
Tax benefits from exercise of stock options TaxBenefitFromStockOptionsExercised $2.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.96M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-2.05M USD 1 Quarter
Change in cash and cash equivalents before exchange rate changes ChangeInCashAndCashEquivalentsBeforeExchangeRateChanges $52.66M USD 1 Quarter
Change in cash and cash equivalents before exchange rate changes ChangeInCashAndCashEquivalentsBeforeExchangeRateChanges $-923.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $21.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $8.00K USD 1 Quarter
Change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $52.68M USD 1 Quarter
Change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-915.00K USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $128.59M 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 $129.50M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $164.87M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $128.59M 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 $129.50M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $164.87M USD Point-in-time
Cash paid during the period for income taxes IncomeTaxesPaid $436.00K USD 1 Quarter
Cash paid during the period for income taxes IncomeTaxesPaid $671.00K USD 1 Quarter
Comprehensive Income 11 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $7.24M USD 1 Quarter
Net earnings NetIncomeLoss $4.93M USD 1 Quarter
Exchange rate changes OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $326.00K USD 1 Quarter
Exchange rate changes OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $293.00K USD 1 Quarter
Unrealized gains on marketable securities during the period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAvailableForSaleSecuritiesArisingDuringPeriodNetOfTax $123.00K USD 1 Quarter
Unrealized gains on marketable securities during the period OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAvailableForSaleSecuritiesArisingDuringPeriodNetOfTax $19.00K USD 1 Quarter
Less: losses in net earnings OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities $15.00K USD 1 Quarter
Net unrealized gains on marketable securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $123.00K USD 1 Quarter
Net unrealized gains on marketable securities, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $4.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $7.69M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $5.23M USD 1 Quarter

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

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