10-Q Filing

SCANSOURCE, INC. CIK: 918965 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-023969`
Period End Date	20101231
Filing Date	20110204
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	scsc-20101231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 60 Cash Flow Statement 55

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.04M	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
Accounts receivable, less allowance of $21,964 at December 31, 2010 and $21,907 at June 30, 2010	`AccountsReceivableNetCurrent`	$357.75M	USD	Point-in-time
Accounts receivable, less allowance of $21,964 at December 31, 2010 and $21,907 at June 30, 2010	`AccountsReceivableNetCurrent`	$415.79M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$389.44M	USD	Point-in-time
Inventories	`InventoryNet`	$346.61M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Prepaid expenses and other assets	`OtherAssetsCurrent`	$21.69M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Prepaid expenses and other assets	`OtherAssetsCurrent`	$16.76M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$12.07M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$11.99M	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`	$851.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$767.79M	USD	Point-in-time
Common stock, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$23.53M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.56M	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
Goodwill	`Goodwill`	$34.08M	USD	Point-in-time
Goodwill	`Goodwill`	$33.78M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.89M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.89M	shares	Point-in-time
Other assets, including identifiable intangible assets	`OtherAssetsNoncurrent`	$39.88M	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
Total assets	`Assets`	$953.48M	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
Short-term borrowings	`ShortTermBorrowings`	$1.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$304.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$287.86M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$45.92M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesCurrent`	$35.03M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.28M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$7.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$356.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$330.84M	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`	$12.78M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$17.98M	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`	$417.83M	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, 26,892,009 and 26,703,038 shares issued and outstanding at December 31, 2010 and June 30, 2010, respectively	`CommonStockValue`	$116.34M	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 26,892,009 and 26,703,038 shares issued and outstanding at December 31, 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`	$423.96M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.73M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.65M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$535.65M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$486.85M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$953.48M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$859.75M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$548.11M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.04B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$1.32B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$683.64M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$1.18B	USD	2 Qtrs
Cost of goods sold	`CostOfRevenue`	$491.82M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$928.82M	USD	2 Qtrs
Cost of goods sold	`CostOfRevenue`	$613.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$56.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$134.11M	USD	2 Qtrs
Gross profit	`GrossProfit`	$70.63M	USD	1 Quarter
Gross profit	`GrossProfit`	$107.71M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$75.72M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.17M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$71.90M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$18.13M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$33.54M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$58.39M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$35.82M	USD	2 Qtrs
Interest expense	`InterestExpense`	$730.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$388.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$364.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$754.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$685.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$605.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$306.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$422.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$58.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$174.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$182.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-191.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.64M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.83M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.36M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.05M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.72M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.55M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.02M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.08M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$37.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$22.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$21.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.81M	USD	1 Quarter
Net income per common share, basic	`EarningsPerShareBasic`	$1.40	USD	2 Qtrs
Net income per common share, basic	`EarningsPerShareBasic`	$0.86	USD	2 Qtrs
Net income per common share, basic	`EarningsPerShareBasic`	$0.81	USD	1 Quarter
Net income per common share, basic	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.79M	shares	1 Quarter
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.57M	shares	2 Qtrs
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.75M	shares	2 Qtrs
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.57M	shares	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.85	USD	2 Qtrs
Net income per common share, diluted	`EarningsPerShareDiluted`	$1.38	USD	2 Qtrs
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.80	USD	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.81M	shares	2 Qtrs
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.16M	shares	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.80M	shares	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.07M	shares	2 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$37.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$22.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$21.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.81M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.96M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.86M	USD	2 Qtrs
Allowance for accounts and notes receivable	`ProvisionForDoubtfulAccounts`	$8.71M	USD	2 Qtrs
Allowance for accounts and notes receivable	`ProvisionForDoubtfulAccounts`	$4.15M	USD	2 Qtrs
Share-based compensation and restricted stock	`ShareBasedCompensation`	$2.69M	USD	2 Qtrs
Share-based compensation and restricted stock	`ShareBasedCompensation`	$2.37M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$555.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-122.00K	USD	2 Qtrs
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-438.00K	USD	2 Qtrs
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$66.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$62.71M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$55.65M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$38.75M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$86.06M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.29M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.21M	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.97M	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.34M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$35.64M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.31M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$16.92M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.42M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$491.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.16M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-77.67M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.08M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$517.00K	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$5.71M	USD	2 Qtrs
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$11.65M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.71M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.16M	USD	2 Qtrs
Increases in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$2.07M	USD	2 Qtrs
Borrowings on revolving credit, net	`ProceedsFromLongTermLinesOfCredit`	$12.75M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$111.00K	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$2.36M	USD	2 Qtrs
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-438.00K	USD	2 Qtrs
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$66.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.74M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$177.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$485.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-7.00K	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.57M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-89.66M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$127.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.04M	USD	Point-in-time
Cash and cash equivalents at beginning 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`	$38.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.60M	USD	Point-in-time

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