10-Q Filing

EXPONENT INC CIK: 851520 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-025403`
Period End Date	20180331
Filing Date	20180504
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	expo-20180330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 40 Cash Flow Statement 54 Comprehensive Income 8

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, net of allowance for contract losses and doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.81M	USD	Point-in-time
Accounts receivable, net of allowance for contract losses and doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.53M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.09M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$124.79M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.97M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$71.60M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.85M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$75.48M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.85M	shares	Point-in-time
Accounts receivable, net of allowance for contract losses and doubtful accounts of $3,805 and $3,526 at March 30, 2018 and December 29, 2017, respectively	`AccountsReceivableNetCurrent`	$110.10M	USD	Point-in-time
Accounts receivable, net of allowance for contract losses and doubtful accounts of $3,805 and $3,526 at March 30, 2018 and December 29, 2017, respectively	`AccountsReceivableNetCurrent`	$117.24M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.85M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.08M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.01M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$315.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$305.46M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$35.01M	USD	Point-in-time
Property, equipment and leasehold improvements, net	`PropertyPlantAndEquipmentNet`	$40.42M	USD	Point-in-time
Goodwill	`Goodwill`	$8.61M	USD	Point-in-time
Goodwill	`Goodwill`	$8.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$31.27M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$30.44M	USD	Point-in-time
Deferred compensation plan assets	`DeferredCompensationPlanAssets`	$53.55M	USD	Point-in-time
Deferred compensation plan assets	`DeferredCompensationPlanAssets`	$48.68M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.35M	USD	Point-in-time
Total assets	`Assets`	$439.59M	USD	Point-in-time
Total assets	`Assets`	$440.46M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$16.49M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.74M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$45.24M	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$70.06M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$7.91M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$8.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$93.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$69.64M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.47M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.33M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$52.78M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$59.50M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$1.29M	USD	Point-in-time
Deferred rent	`DeferredRentCreditNoncurrent`	$1.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$150.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$133.83M	USD	Point-in-time
Common stock, $0.001 par value; 80,000 shares authorized; 32,853 shares issued at March 30, 2018 and December 29, 2017	`CommonStockValue`	$33.00K	USD	Point-in-time
Common stock, $0.001 par value; 80,000 shares authorized; 32,853 shares issued at March 30, 2018 and December 29, 2017	`CommonStockValue`	$33.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$221.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$210.26M	USD	Point-in-time
Investment securities, available-for-sale	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-276.00K	USD	Point-in-time
Investment securities, available-for-sale	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-236.00K	USD	Point-in-time
Foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-1.05M	USD	Point-in-time
Foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-1.79M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.33M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$310.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$303.99M	USD	Point-in-time
Treasury stock, at cost; 6,849 and 7,084 shares held at March 30, 2018 and December 29, 2017, respectively	`TreasuryStockValue`	$225.03M	USD	Point-in-time
Treasury stock, at cost; 6,849 and 7,084 shares held at March 30, 2018 and December 29, 2017, respectively	`TreasuryStockValue`	$223.17M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$306.62M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$289.09M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$439.59M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$440.46M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues before reimbursements	`SalesRevenueServicesNet`	$80.47M	USD	1 Quarter
Revenues before reimbursements	`SalesRevenueServicesNet`	$90.68M	USD	1 Quarter
Reimbursements	`ReimbursementRevenue`	$5.77M	USD	1 Quarter
Reimbursements	`ReimbursementRevenue`	$3.65M	USD	1 Quarter
Revenues	`Revenues`	$96.46M	USD	1 Quarter
Revenues	`Revenues`	$84.12M	USD	1 Quarter
Compensation and related expenses	`LaborAndRelatedExpense`	$54.42M	USD	1 Quarter
Compensation and related expenses	`LaborAndRelatedExpense`	$57.58M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$7.19M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$7.46M	USD	1 Quarter
Reimbursable expenses	`CostOfReimbursableExpense`	$3.65M	USD	1 Quarter
Reimbursable expenses	`CostOfReimbursableExpense`	$5.77M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.22M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.04M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$69.49M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$74.86M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$14.63M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$21.60M	USD	1 Quarter
Interest income, net	`InvestmentIncomeNet`	$530.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeNet`	$234.00K	USD	1 Quarter
Miscellaneous income, net	`OtherNonoperatingIncome`	$322.00K	USD	1 Quarter
Miscellaneous income, net	`OtherNonoperatingIncome`	$2.54M	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$852.00K	USD	1 Quarter
Total other income, net	`NonoperatingIncomeExpense`	$2.78M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.41M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.45M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$2.11M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$834.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.58M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.63	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.61	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.37M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.30M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.01M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.98M	shares	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.26	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.21	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$20.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.58M	USD	1 Quarter
Depreciation and amortization of property, equipment and leasehold improvements	`DepreciationAndAmortization`	$1.57M	USD	1 Quarter
Depreciation and amortization of property, equipment and leasehold improvements	`DepreciationAndAmortization`	$1.55M	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-74.00K	USD	1 Quarter
Deferred rent	`IncreaseDecreaseInOtherDeferredLiability`	$-129.00K	USD	1 Quarter
Provision for contract losses and doubtful accounts	`ProvisionForDoubtfulAccounts`	$561.00K	USD	1 Quarter
Provision for contract losses and doubtful accounts	`ProvisionForDoubtfulAccounts`	$458.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.29M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$5.66M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$-815.00K	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$426.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.70M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.39M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.97M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.52M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.83M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-12.49M	USD	1 Quarter
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-12.38M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-390.00K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$-1.48M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.69M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.78M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.31M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.81M	USD	1 Quarter
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	$11.93M	USD	1 Quarter
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	$9.00M	USD	1 Quarter
Maturity of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$8.00M	USD	1 Quarter
Maturity of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.31M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.74M	USD	1 Quarter
Payroll taxes for restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.64M	USD	1 Quarter
Payroll taxes for restricted stock units	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.52M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.30M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Exercise of share-based payment awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$310.00K	USD	1 Quarter
Exercise of share-based payment awards	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$287.00K	USD	1 Quarter
Dividends and dividend equivalents rights	`PaymentsOfDividends`	$6.96M	USD	1 Quarter
Dividends and dividend equivalents rights	`PaymentsOfDividends`	$5.37M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.29M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.91M	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$118.00K	USD	1 Quarter
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$696.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.88M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.64M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$124.79M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$103.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$114.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$124.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$103.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$114.97M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$20.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.58M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$136.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$739.00K	USD	1 Quarter
Unrealized (losses) gains on available-for-sale investment securities arising during the period, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$36.00K	USD	1 Quarter
Unrealized (losses) gains on available-for-sale investment securities arising during the period, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-40.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$21.04M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$16.75M	USD	1 Quarter

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