10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001140361-15-018454 |
| Period End Date | 20150331 |
| Filing Date | 20150508 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | par-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
82 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$10.02M | USD | Point-in-time |
| Preferred stock, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.02 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.97M | USD | Point-in-time |
| Preferred stock, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.02 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$10.17M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$10.30M | USD | Point-in-time |
| Preferred stock, authorized (in shares) |
PreferredStockSharesAuthorized
|
1.00M | shares | Point-in-time |
| Accounts receivable - net |
AccountsReceivableNetCurrent
|
$32.38M | USD | Point-in-time |
| Accounts receivable - net |
AccountsReceivableNetCurrent
|
$31.45M | USD | Point-in-time |
| Preferred stock, authorized (in shares) |
PreferredStockSharesAuthorized
|
1.00M | shares | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.02 | USD | Point-in-time |
| Inventories-net |
InventoryNet
|
$27.23M | USD | Point-in-time |
| Inventories-net |
InventoryNet
|
$25.92M | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.02 | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$4.51M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$5.69M | USD | Point-in-time |
| Common stock, authorized (in shares) |
CommonStockSharesAuthorized
|
29.00M | shares | Point-in-time |
| Common stock, authorized (in shares) |
CommonStockSharesAuthorized
|
29.00M | shares | Point-in-time |
| Common stock, issued (in shares) |
CommonStockSharesIssued
|
17.27M | shares | Point-in-time |
| Common stock, issued (in shares) |
CommonStockSharesIssued
|
17.24M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$5.22M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$4.60M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$76.64M | USD | Point-in-time |
| Common stock, outstanding (in shares) |
CommonStockSharesOutstanding
|
15.57M | shares | Point-in-time |
| Common stock, outstanding (in shares) |
CommonStockSharesOutstanding
|
15.53M | shares | Point-in-time |
| Total current assets |
AssetsCurrent
|
$76.49M | USD | Point-in-time |
| Treasury stock, at cost (in shares) |
TreasuryStockShares
|
1.71M | shares | Point-in-time |
| Property, plant and equipment - net |
PropertyPlantAndEquipmentNet
|
$6.13M | USD | Point-in-time |
| Treasury stock, at cost (in shares) |
TreasuryStockShares
|
1.71M | shares | Point-in-time |
| Property, plant and equipment - net |
PropertyPlantAndEquipmentNet
|
$6.07M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$11.23M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$11.36M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$17.17M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$17.17M | USD | Point-in-time |
| Intangible assets - net |
IntangibleAssetsNetExcludingGoodwill
|
$22.95M | USD | Point-in-time |
| Intangible assets - net |
IntangibleAssetsNetExcludingGoodwill
|
$22.82M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$3.04M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$3.16M | USD | Point-in-time |
| Total Assets |
Assets
|
$136.95M | USD | Point-in-time |
| Total Assets |
Assets
|
$137.30M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$3.17M | USD | Point-in-time |
| Current portion of long-term debt |
LongTermDebtCurrent
|
$3.17M | USD | Point-in-time |
| Borrowings under line of credit |
LinesOfCreditCurrent
|
$1.23M | USD | Point-in-time |
| Borrowings under line of credit |
LinesOfCreditCurrent
|
$5.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$19.68M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$16.10M | USD | Point-in-time |
| Accrued salaries and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$6.43M | USD | Point-in-time |
| Accrued salaries and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$5.51M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$5.54M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$6.58M | USD | Point-in-time |
| Customer deposits |
CustomerDepositsCurrent
|
$2.35M | USD | Point-in-time |
| Customer deposits |
CustomerDepositsCurrent
|
$6.14M | USD | Point-in-time |
| Deferred service revenue |
DeferredRevenueCurrent
|
$18.64M | USD | Point-in-time |
| Deferred service revenue |
DeferredRevenueCurrent
|
$12.70M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$321.00K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$475.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$56.37M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$56.65M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$2.57M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$2.55M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$8.74M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$8.85M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$67.94M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$67.78M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred stock, $.02 par value, 1,000,000 shares authorized |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, $.02 par value, 1,000,000 shares authorized |
PreferredStockValue
|
- | USD | Point-in-time |
| Common stock, $.02 par value, 29,000,000 shares authorized; 17,240,340 and 17,274,708 shares issued, 15,532,231 and 15,566,599 outstanding at March 31, 2015 and December 31, 2014, respectively |
CommonStockValue
|
$346.00K | USD | Point-in-time |
| Common stock, $.02 par value, 29,000,000 shares authorized; 17,240,340 and 17,274,708 shares issued, 15,532,231 and 15,566,599 outstanding at March 31, 2015 and December 31, 2014, respectively |
CommonStockValue
|
$345.00K | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapital
|
$44.99M | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapital
|
$44.85M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$31.08M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$31.46M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.57M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.32M | USD | Point-in-time |
| Treasury stock, at cost, 1,708,109 shares |
TreasuryStockValue
|
$5.84M | USD | Point-in-time |
| Treasury stock, at cost, 1,708,109 shares |
TreasuryStockValue
|
$5.84M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$69.01M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$69.51M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$137.30M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$136.95M | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Product |
SalesRevenueGoodsNet
|
$18.59M | USD | 1 Quarter |
| Product |
SalesRevenueGoodsNet
|
$21.69M | USD | 1 Quarter |
| Service |
SalesRevenueServicesNet
|
$14.10M | USD | 1 Quarter |
| Service |
SalesRevenueServicesNet
|
$14.25M | USD | 1 Quarter |
| Contract |
ContractsRevenue
|
$23.84M | USD | 1 Quarter |
| Contract |
ContractsRevenue
|
$23.70M | USD | 1 Quarter |
| Revenue, net |
SalesRevenueNet
|
$59.62M | USD | 1 Quarter |
| Revenue, net |
SalesRevenueNet
|
$56.54M | USD | 1 Quarter |
| Product |
CostOfGoodsSold
|
$12.90M | USD | 1 Quarter |
| Product |
CostOfGoodsSold
|
$14.84M | USD | 1 Quarter |
| Service |
CostOfServices
|
$9.55M | USD | 1 Quarter |
| Service |
CostOfServices
|
$9.32M | USD | 1 Quarter |
| Contract |
ContractRevenueCost
|
$22.47M | USD | 1 Quarter |
| Contract |
ContractRevenueCost
|
$22.07M | USD | 1 Quarter |
| Cost of goods and services sold |
CostOfGoodsAndServicesSold
|
$44.53M | USD | 1 Quarter |
| Cost of goods and services sold |
CostOfGoodsAndServicesSold
|
$46.63M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$12.01M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$12.99M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$9.06M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$9.26M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$3.86M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$4.34M | USD | 1 Quarter |
| Amortization of identifiable intangible assets |
AmortizationOfIntangibleAssets
|
- | USD | 1 Quarter |
| Amortization of identifiable intangible assets |
AmortizationOfIntangibleAssets
|
$249.00K | USD | 1 Quarter |
| Operating expenses |
OperatingExpenses
|
$13.66M | USD | 1 Quarter |
| Operating expenses |
OperatingExpenses
|
$13.13M | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-669.00K | USD | 1 Quarter |
| Operating loss |
OperatingIncomeLoss
|
$-1.11M | USD | 1 Quarter |
| Other expense, net |
NonoperatingIncomeExpense
|
$-78.00K | USD | 1 Quarter |
| Other expense, net |
NonoperatingIncomeExpense
|
$-229.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$17.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$86.00K | USD | 1 Quarter |
| Loss before benefit from income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-984.00K | USD | 1 Quarter |
| Loss before benefit from income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-1.21M | USD | 1 Quarter |
| Benefit for income taxes |
IncomeTaxExpenseBenefit
|
$-599.00K | USD | 1 Quarter |
| Benefit for income taxes |
IncomeTaxExpenseBenefit
|
$-220.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-385.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-989.00K | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.06 | USD | 1 Quarter |
| Basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.02 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.06 | USD | 1 Quarter |
| Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.02 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
15.50M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
15.60M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
15.60M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
15.50M | shares | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-385.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-989.00K | USD | 1 Quarter |
| Depreciation, amortization and accretion |
DepreciationAmortizationAndAccretionNet
|
$830.00K | USD | 1 Quarter |
| Depreciation, amortization and accretion |
DepreciationAmortizationAndAccretionNet
|
$1.14M | USD | 1 Quarter |
| Provision for bad debts |
ProvisionForDoubtfulAccounts
|
$150.00K | USD | 1 Quarter |
| Provision for bad debts |
ProvisionForDoubtfulAccounts
|
$242.00K | USD | 1 Quarter |
| Provision for obsolete inventory |
InventoryWriteDown
|
$826.00K | USD | 1 Quarter |
| Provision for obsolete inventory |
InventoryWriteDown
|
$421.00K | USD | 1 Quarter |
| Equity based compensation |
ShareBasedCompensation
|
$523.00K | USD | 1 Quarter |
| Equity based compensation |
ShareBasedCompensation
|
$245.00K | USD | 1 Quarter |
| Deferred income tax |
DeferredIncomeTaxExpenseBenefit
|
$-1.05M | USD | 1 Quarter |
| Deferred income tax |
DeferredIncomeTaxExpenseBenefit
|
$-221.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.09M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$3.71M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-795.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$1.73M | USD | 1 Quarter |
| Income tax payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-265.00K | USD | 1 Quarter |
| Income tax payable |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-154.00K | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$628.00K | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-140.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$157.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$115.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-3.57M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$737.00K | USD | 1 Quarter |
| Accrued salaries and benefits |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-920.00K | USD | 1 Quarter |
| Accrued salaries and benefits |
IncreaseDecreaseInEmployeeRelatedLiabilities
|
$-1.32M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-1.04M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$479.00K | USD | 1 Quarter |
| Customer deposits |
IncreaseDecreaseInCustomerDeposits
|
$-79.00K | USD | 1 Quarter |
| Customer deposits |
IncreaseDecreaseInCustomerDeposits
|
$3.80M | USD | 1 Quarter |
| Deferred service revenue |
IncreaseDecreaseInDeferredRevenue
|
$4.12M | USD | 1 Quarter |
| Deferred service revenue |
IncreaseDecreaseInDeferredRevenue
|
$5.94M | USD | 1 Quarter |
| Other long-term liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$-42.00K | USD | 1 Quarter |
| Other long-term liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$-108.00K | USD | 1 Quarter |
| Deferred tax equity based compensation |
DeferredTaxEquityBasedCompensation
|
- | USD | 1 Quarter |
| Deferred tax equity based compensation |
DeferredTaxEquityBasedCompensation
|
$105.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$1.91M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$798.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$303.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$591.00K | USD | 1 Quarter |
| Capitalization of software costs |
CapitalizationOfSoftwareCosts
|
$622.00K | USD | 1 Quarter |
| Capitalization of software costs |
CapitalizationOfSoftwareCosts
|
$994.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-925.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.58M | USD | 1 Quarter |
| Payments of long-term debt |
RepaymentsOfLongTermDebt
|
$43.00K | USD | 1 Quarter |
| Payments of long-term debt |
RepaymentsOfLongTermDebt
|
$55.00K | USD | 1 Quarter |
| Payments of other borrowings |
RepaymentsOfOtherShortTermDebt
|
- | USD | 1 Quarter |
| Payments of other borrowings |
RepaymentsOfOtherShortTermDebt
|
$3.77M | USD | 1 Quarter |
| Proceeds and excess tax benefits from stock awards, net |
ProceedsAndExcessTaxBenefitsFromStockOptionsExercised
|
$2.00K | USD | 1 Quarter |
| Proceeds and excess tax benefits from stock awards, net |
ProceedsAndExcessTaxBenefitsFromStockOptionsExercised
|
$-1.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-53.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-3.82M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-255.00K | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$10.00K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$281.00K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.20M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.02M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.97M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.17M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.30M | USD | Point-in-time |
| Cash and equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.02M | USD | Point-in-time |
| Cash and equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$5.97M | USD | Point-in-time |
| Cash and equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.17M | USD | Point-in-time |
| Cash and equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.30M | USD | Point-in-time |
| Interest |
InterestPaid
|
$54.00K | USD | 1 Quarter |
| Interest |
InterestPaid
|
$17.00K | USD | 1 Quarter |
| Income taxes, net of (refunds) |
IncomeTaxesPaidNet
|
$268.00K | USD | 1 Quarter |
| Income taxes, net of (refunds) |
IncomeTaxesPaidNet
|
$154.00K | USD | 1 Quarter |
Comprehensive Income
6 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-385.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-989.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-255.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$10.00K | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-979.00K | USD | 1 Quarter |
| Comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-640.00K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.