10-Q Filing

SCANSOURCE, INC. CIK: 918965 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-042700`
Period End Date	20111231
Filing Date	20120207
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	scsc-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 62 Cash Flow Statement 65

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.04M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.59M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.56M	USD	Point-in-time
Accounts receivable, less allowance of $26,625 at December 31, 2011 and $26,562 at June 30, 2011	`AccountsReceivableNetCurrent`	$462.10M	USD	Point-in-time
Accounts receivable, less allowance of $26,625 at December 31, 2011 and $26,562 at June 30, 2011	`AccountsReceivableNetCurrent`	$491.59M	USD	Point-in-time
Inventories	`InventoryNet`	$516.66M	USD	Point-in-time
Inventories	`InventoryNet`	$467.35M	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.42M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$41.66M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	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
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$15.89M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$15.21M	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`	$1.11B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.01B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$41.85M	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
Goodwill	`Goodwill`	$54.61M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.11M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.37M	shares	Point-in-time
Goodwill	`Goodwill`	$59.09M	USD	Point-in-time
Other assets, including identifiable intangible assets	`OtherAssetsNoncurrent`	$66.78M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.37M	shares	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
Total assets	`Assets`	$1.18B	USD	Point-in-time
Total assets	`Assets`	$1.27B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$3.16M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$670.00K	USD	Point-in-time
Current portion of contingent consideration	`LiabilityForContingentConsiderationCurrent`	$6.70M	USD	Point-in-time
Current portion of contingent consideration	`LiabilityForContingentConsiderationCurrent`	$2.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$433.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$406.45M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherLiabilitiesCurrent`	$65.36M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherLiabilitiesCurrent`	$60.16M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.17M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$507.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$477.35M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$30.43M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.43M	USD	Point-in-time
Borrowings under revolving credit facility	`LongTermLineOfCredit`	$94.98M	USD	Point-in-time
Borrowings under revolving credit facility	`LongTermLineOfCredit`	$26.51M	USD	Point-in-time
Long-term portion of contingent consideration	`LiabilityForContingentConsiderationNoncurrent`	$21.40M	USD	Point-in-time
Long-term portion of contingent consideration	`LiabilityForContingentConsiderationNoncurrent`	$13.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$39.11M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$33.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$654.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$594.79M	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, 27,371,415 and 27,109,932 shares issued and outstanding at December 31, 2011 and June 30, 2011, respectively	`AdditionalPaidInCapitalCommonStock`	$123.61M	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 27,371,415 and 27,109,932 shares issued and outstanding at December 31, 2011 and June 30, 2011, respectively	`AdditionalPaidInCapitalCommonStock`	$130.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$460.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$499.90M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.63M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.52M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$616.10M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$587.39M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.18B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.27B	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$782.68M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$683.64M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.55B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$1.32B	USD	2 Qtrs
Cost of goods sold	`CostOfRevenue`	$1.18B	USD	2 Qtrs
Cost of goods sold	`CostOfRevenue`	$613.02M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$1.39B	USD	2 Qtrs
Cost of goods sold	`CostOfRevenue`	$702.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$79.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$158.93M	USD	2 Qtrs
Gross profit	`GrossProfit`	$134.11M	USD	2 Qtrs
Gross profit	`GrossProfit`	$70.63M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.47M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$95.04M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.09M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$75.72M	USD	2 Qtrs
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$722.00K	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-172.00K	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$32.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$63.72M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$33.54M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$58.39M	USD	2 Qtrs
Interest expense	`InterestExpense`	$754.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$749.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$388.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.24M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$306.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$605.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$1.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.45M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-3.16M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$182.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$374.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-191.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.05M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$32.71M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$60.77M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.64M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.02M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.03M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.72M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$21.62M	USD	1 Quarter
Net income per common share, basic	`EarningsPerShareBasic`	$0.81	USD	1 Quarter
Net income per common share, basic	`EarningsPerShareBasic`	$1.46	USD	2 Qtrs
Net income per common share, basic	`EarningsPerShareBasic`	$1.40	USD	2 Qtrs
Net income per common share, basic	`EarningsPerShareBasic`	$0.78	USD	1 Quarter
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.24M	shares	1 Quarter
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.19M	shares	2 Qtrs
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.75M	shares	2 Qtrs
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.79M	shares	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$1.44	USD	2 Qtrs
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.77	USD	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.80	USD	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$1.38	USD	2 Qtrs
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.16M	shares	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.07M	shares	2 Qtrs
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.60M	shares	2 Qtrs
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.67M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$21.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.33M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$39.75M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$21.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.26M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.84M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.96M	USD	2 Qtrs
Allowance for accounts and notes receivable	`ProvisionForDoubtfulAccounts`	$2.88M	USD	2 Qtrs
Allowance for accounts and notes receivable	`ProvisionForDoubtfulAccounts`	$4.15M	USD	2 Qtrs
Share-based compensation and restricted stock	`ShareBasedCompensation`	$2.37M	USD	2 Qtrs
Share-based compensation and restricted stock	`ShareBasedCompensation`	$3.56M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$731.00K	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-555.00K	USD	2 Qtrs
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$156.00K	USD	2 Qtrs
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-438.00K	USD	2 Qtrs
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$722.00K	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-172.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$48.35M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$55.65M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$38.75M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$63.08M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$4.63M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.21M	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$6.34M	USD	2 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-3.22M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$38.30M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.31M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.37M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$16.92M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.85M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.16M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.08M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.71M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.17M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$5.71M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.87M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$5.51M	USD	2 Qtrs
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.51M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.71M	USD	2 Qtrs
Increases (decreases) in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-2.21M	USD	2 Qtrs
Increases (decreases) in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$2.07M	USD	2 Qtrs
Borrowings (repayments) on revolving credit, net of debt issue costs	`ProceedsFromRepaymentsOfLinesOfCredit`	$12.75M	USD	2 Qtrs
Borrowings (repayments) on revolving credit, net of debt issue costs	`ProceedsFromRepaymentsOfLinesOfCredit`	$68.97M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.37M	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`	$156.00K	USD	2 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$25.00M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.27M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.74M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.20M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$485.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.85M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.57M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.75M	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`	$42.59M	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`	$28.75M	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`	$42.59M	USD	Point-in-time

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