10-Q Filing

SCANSOURCE, INC. CIK: 918965 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-297093`
Period End Date	20110930
Filing Date	20111104
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	scsc-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 31 Cash Flow Statement 56

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.60M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.75M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.32M	USD	Point-in-time
Accounts receivable, less allowance of $26,316 at September 30, 2011 and $26,562 at June 30, 2011	`AccountsReceivableNetCurrent`	$462.10M	USD	Point-in-time
Accounts receivable, less allowance of $26,316 at September 30, 2011 and $26,562 at June 30, 2011	`AccountsReceivableNetCurrent`	$478.68M	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$467.35M	USD	Point-in-time
Inventories	`InventoryNet`	$481.25M	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$42.42M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.42M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$15.37M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$15.89M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.01B	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.05B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$36.82M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$37.98M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Goodwill	`Goodwill`	$55.31M	USD	Point-in-time
Goodwill	`Goodwill`	$59.09M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.17M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.11M	shares	Point-in-time
Other assets, including identifiable intangible assets	`OtherAssetsNoncurrent`	$68.37M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.11M	shares	Point-in-time
Other assets, including identifiable intangible assets	`OtherAssetsNoncurrent`	$76.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.17M	shares	Point-in-time
Total assets	`Assets`	$1.18B	USD	Point-in-time
Total assets	`Assets`	$1.22B	USD	Point-in-time
Current portion of revolving credit facility	`LinesOfCreditCurrent`	$24.57M	USD	Point-in-time
Current portion of revolving credit facility	`LinesOfCreditCurrent`	-	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$4.08M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$3.16M	USD	Point-in-time
Current portion of contingent consideration	`LiabilityForContingentConsiderationCurrent`	$2.40M	USD	Point-in-time
Current portion of contingent consideration	`LiabilityForContingentConsiderationCurrent`	$2.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$390.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$406.45M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherLiabilitiesCurrent`	$60.16M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherLiabilitiesCurrent`	$59.40M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.17M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$11.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$477.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$491.74M	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`	$26.51M	USD	Point-in-time
Borrowings under revolving credit facility	`LongTermLineOfCredit`	$44.96M	USD	Point-in-time
Long-term portion of contingent consideration	`LiabilityForContingentConsiderationNoncurrent`	$19.11M	USD	Point-in-time
Long-term portion of contingent consideration	`LiabilityForContingentConsiderationNoncurrent`	$21.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$39.11M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$32.74M	USD	Point-in-time
Total liabilities	`Liabilities`	$594.79M	USD	Point-in-time
Total liabilities	`Liabilities`	$618.98M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, no par value; 3,000,000 shares authorized, none issued	`AdditionalPaidInCapitalPreferredStock`	-	USD	Point-in-time
Preferred stock, no par value; 3,000,000 shares authorized, none issued	`AdditionalPaidInCapitalPreferredStock`	-	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 27,172,770 and 27,109,932 shares issued and outstanding at September 30, 2011 and June 30, 2011, respectively	`AdditionalPaidInCapitalCommonStock`	$123.61M	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 27,172,770 and 27,109,932 shares issued and outstanding at September 30, 2011 and June 30, 2011, respectively	`AdditionalPaidInCapitalCommonStock`	$127.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$478.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$460.16M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.63M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.21M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$597.66M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$587.39M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.22B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.18B	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$634.53M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$770.26M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$571.05M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$691.17M	USD	1 Quarter
Gross profit	`GrossProfit`	$79.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$63.48M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.57M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.63M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-894.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$31.63M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$24.85M	USD	1 Quarter
Interest expense	`InterestExpense`	$486.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$366.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$300.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$450.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-373.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-3.53M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.41M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.06M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.38M	USD	1 Quarter
Net income per common share, basic	`EarningsPerShareBasic`	$0.68	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`	27.14M	shares	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.55M	shares	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.99M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$15.71M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.58M	USD	1 Quarter
Allowance for accounts and notes receivable	`ProvisionForDoubtfulAccounts`	$2.10M	USD	1 Quarter
Allowance for accounts and notes receivable	`ProvisionForDoubtfulAccounts`	$1.45M	USD	1 Quarter
Share-based compensation and restricted stock	`ShareBasedCompensation`	$1.77M	USD	1 Quarter
Share-based compensation and restricted stock	`ShareBasedCompensation`	$1.19M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$1.48M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$61.00K	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.18M	USD	1 Quarter
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$119.00K	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-894.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$27.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$48.78M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-7.93M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$22.57M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$5.44M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.21M	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-3.51M	USD	1 Quarter
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$4.78M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.54M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.67M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.15M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$6.37M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$7.71M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.61M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.56M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.24M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.85M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.34M	USD	1 Quarter
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.34M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.85M	USD	1 Quarter
Increases (decreases) in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-19.00K	USD	1 Quarter
Increases (decreases) in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$1.15M	USD	1 Quarter
Borrowings (repayments) on revolving credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$43.43M	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$719.00K	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`	$1.18M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.48M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$272.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.07M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$585.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.23M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.51M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.25M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.38M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.25M	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`	$14.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.75M	USD	Point-in-time

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