10-Q Filing

SCANSOURCE, INC. CIK: 918965 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-10-246225`
Period End Date	20100930
Filing Date	20101103
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	scsc-20100930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 30 Cash Flow Statement 50

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$23.29M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.38M	USD	Point-in-time
Accounts receivable, less allowance of $23,290 at September 30, 2010 and $21,907 at June 30, 2010	`AccountsReceivableNetCurrent`	$413.52M	USD	Point-in-time
Accounts receivable, less allowance of $23,290 at September 30, 2010 and $21,907 at June 30, 2010	`AccountsReceivableNetCurrent`	$357.75M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$346.61M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$345.27M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Prepaid expenses and other assets	`OtherAssetsCurrent`	$20.15M	USD	Point-in-time
Prepaid expenses and other assets	`OtherAssetsCurrent`	$16.76M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$12.07M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$12.13M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$805.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$767.79M	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$24.56M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$23.53M	USD	Point-in-time
Goodwill	`Goodwill`	$33.78M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.72M	shares	Point-in-time
Goodwill	`Goodwill`	$34.31M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.70M	shares	Point-in-time
Other assets, including identifiable intangible assets	`OtherAssetsNoncurrent`	$39.59M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.70M	shares	Point-in-time
Other assets, including identifiable intangible assets	`OtherAssetsNoncurrent`	$34.65M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.72M	shares	Point-in-time
Total assets	`Assets`	$903.90M	USD	Point-in-time
Total assets	`Assets`	$859.75M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$287.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$296.54M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$36.95M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$35.03M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$9.51M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$330.84M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$343.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$30.43M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$30.43M	USD	Point-in-time
Borrowings under revolving credit facility	`LongTermLineOfCredit`	-	USD	Point-in-time
Borrowings under revolving credit facility	`LongTermLineOfCredit`	-	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.83M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.63M	USD	Point-in-time
Total liabilities	`Liabilities`	$372.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$390.26M	USD	Point-in-time
Preferred stock, no par value; 3,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value; 3,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 26,724,422 and 26,703,038 shares issued and outstanding at September 30, 2010 and June 30, 2010, respectively	`CommonStockValue`	$113.47M	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 26,724,422 and 26,703,038 shares issued and outstanding at September 30, 2010 and June 30, 2010, respectively	`CommonStockValue`	$111.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$386.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$402.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.16M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.73M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$486.85M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$513.65M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$859.75M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$903.90M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$488.42M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$634.53M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$437.00M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$571.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$63.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$51.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.63M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.73M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.69M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$24.85M	USD	1 Quarter
Interest expense	`InterestExpense`	$366.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$366.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$300.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$263.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-116.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-373.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.47M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.71M	USD	1 Quarter
Net income per common share, basic	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Net income per common share, basic	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.71M	shares	1 Quarter
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.57M	shares	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.99M	shares	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.82M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$10.94M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.51M	USD	1 Quarter
Allowance for accounts and notes receivable	`ProvisionForDoubtfulAccounts`	$2.10M	USD	1 Quarter
Allowance for accounts and notes receivable	`ProvisionForDoubtfulAccounts`	$3.25M	USD	1 Quarter
Share-based compensation and restricted stock	`ShareBasedCompensation`	$1.19M	USD	1 Quarter
Share-based compensation and restricted stock	`ShareBasedCompensation`	$1.27M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-61.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-160.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$119.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$163.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-48.78M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.82M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-51.55M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.93M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.49M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.44M	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.42M	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.78M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.54M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$21.22M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.37M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.14M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.61M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.51M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.24M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.10M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$148.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.85M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-148.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.85M	USD	1 Quarter
Decreases in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-19.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$172.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$119.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$163.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$163.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$272.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$247.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$585.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-39.84M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.23M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$127.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.83M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$127.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.83M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.38M	USD	Point-in-time

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