10-Q Filing

BALCHEM CORP CIK: 9326 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001140361-12-024152`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	bcpc-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 32 Cash Flow Statement 56 Comprehensive Income 14

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.29M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$25.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$77.25M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$25.00	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$34.43M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$37.98M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$20.06M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$18.64M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.17M	USD	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.79M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.07	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.07	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$4.14M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$556.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$587.00K	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$762.00K	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	29.26M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	29.17M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$398.00K	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	29.26M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$175.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$182.85M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	29.17M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$44.57M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$44.28M	USD	Point-in-time
Goodwill	`Goodwill`	$28.52M	USD	Point-in-time
Goodwill	`Goodwill`	$28.52M	USD	Point-in-time
Intangible assets with finite lives, net	`FiniteLivedIntangibleAssetsNet`	$21.71M	USD	Point-in-time
Intangible assets with finite lives, net	`FiniteLivedIntangibleAssetsNet`	$22.71M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$476.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$474.00K	USD	Point-in-time
Total assets	`Assets`	$278.12M	USD	Point-in-time
Total assets	`Assets`	$271.72M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$13.14M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$11.53M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$9.33M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$8.44M	USD	Point-in-time
Accrued compensation and other benefits	`EmployeeRelatedLiabilitiesCurrent`	$4.33M	USD	Point-in-time
Accrued compensation and other benefits	`EmployeeRelatedLiabilitiesCurrent`	$1.85M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$5.24M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$638.00K	USD	Point-in-time
Current portion of long-term debt	`DebtCurrent`	$1.10M	USD	Point-in-time
Current portion of long-term debt	`DebtCurrent`	$1.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.91M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$89.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$23.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$5.68M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$5.98M	USD	Point-in-time
Other long-term obligations	`OtherLongTermDebtNoncurrent`	$2.79M	USD	Point-in-time
Other long-term obligations	`OtherLongTermDebtNoncurrent`	$2.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$34.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$39.71M	USD	Point-in-time
Commitments and contingencies (note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $25 par value. Authorized 2,000,000 shares; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $25 par value. Authorized 2,000,000 shares; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.0667 par value. Authorized 60,000,000 shares; 29,259,251 shares issued and outstanding at March 31, 2012 and 29,165,721 shares issued and outstanding at December 31, 2011	`CommonStockValue`	$1.95M	USD	Point-in-time
Common stock, $.0667 par value. Authorized 60,000,000 shares; 29,259,251 shares issued and outstanding at March 31, 2012 and 29,165,721 shares issued and outstanding at December 31, 2011	`CommonStockValue`	$1.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$49.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$190.34M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$181.07M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-938.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-563.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$232.01M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$243.45M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$271.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$278.12M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$76.20M	USD	1 Quarter
Net sales	`Revenues`	$73.01M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$55.05M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$52.23M	USD	1 Quarter
Gross margin	`GrossProfit`	$21.16M	USD	1 Quarter
Gross margin	`GrossProfit`	$20.78M	USD	1 Quarter
Selling expenses	`SellingExpense`	$4.14M	USD	1 Quarter
Selling expenses	`SellingExpense`	$4.09M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$876.00K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$776.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.47M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.62M	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$7.48M	USD	1 Quarter
Operating Expenses	`OperatingExpenses`	$7.48M	USD	1 Quarter
Earnings from operations	`OperatingIncomeLoss`	$13.68M	USD	1 Quarter
Earnings from operations	`OperatingIncomeLoss`	$13.30M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$72.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$18.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$9.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$24.00K	USD	1 Quarter
Earnings before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.38M	USD	1 Quarter
Earnings before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.69M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.42M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.46M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.91M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.27M	USD	1 Quarter
Net earnings per common share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Net earnings per common share - basic (in dollars per share)	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Net earnings per common share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Net earnings per common share - diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$8.91M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.23M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$1.03M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$974.00K	USD	1 Quarter
Shares issued under employee benefit plans	`DefinedContributionPlanCostRecognized`	$176.00K	USD	1 Quarter
Shares issued under employee benefit plans	`DefinedContributionPlanCostRecognized`	$197.00K	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$-354.00K	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$-655.00K	USD	1 Quarter
Foreign currency transaction (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-59.00K	USD	1 Quarter
Foreign currency transaction (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$85.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.79M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.25M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.58M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.31M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$155.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-290.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$164.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-362.00K	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.78M	USD	1 Quarter
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.12M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$121.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$69.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.65M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.67M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.79M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.79M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.40M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$178.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$385.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$351.00K	USD	1 Quarter
Proceeds from stock options exercised and restricted shares purchased	`ProceedsFromStockOptionsExercised`	$504.00K	USD	1 Quarter
Proceeds from stock options exercised and restricted shares purchased	`ProceedsFromStockOptionsExercised`	$979.00K	USD	1 Quarter
Excess tax benefits from stock compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$498.00K	USD	1 Quarter
Excess tax benefits from stock compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.09M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$4.31M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$5.24M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$964.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.78M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.22M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$133.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$40.00K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.80M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.51M	USD	1 Quarter
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$114.78M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$82.05M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$121.29M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$77.25M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$114.78M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$82.05M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$121.29M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$77.25M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Taxes on the net change in pension asset/liability	`OtherComprehensiveIncomeDefinedBenefitPlansTax`	$1.00K	USD	1 Quarter
Taxes on the net change in pension asset/liability	`OtherComprehensiveIncomeDefinedBenefitPlansTax`	$2.00K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.91M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.27M	USD	1 Quarter
Net change in pension asset/liability, net of taxes of $2 and $1 at March 31, 2012 and 2011, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$-2.00K	USD	1 Quarter
Taxes on translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	$186.00K	USD	1 Quarter
Taxes on translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	$295.00K	USD	1 Quarter
Net change in pension asset/liability, net of taxes of $2 and $1 at March 31, 2012 and 2011, respectively	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$-8.00K	USD	1 Quarter
Translation adjustments, net of taxes of $186 and $295 at March 31, 2012 and 2011, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$601.00K	USD	1 Quarter
Translation adjustments, net of taxes of $186 and $295 at March 31, 2012 and 2011, respectively	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$383.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$599.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$375.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.64M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.51M	USD	1 Quarter

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