10-Q Filing

EMERSON RADIO CORP CIK: 32621 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-060704`
Period End Date	20111231
Filing Date	20120214
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	msn-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 61 Cash Flow Statement 66

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.73M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3,677.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	3,677.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$600.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3,677.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	3,677.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$544.00K	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreference`	$3.68M	USD	Point-in-time
Investment in marketable security	`TradingSecuritiesCurrent`	-	USD	Point-in-time
Investment in marketable security	`TradingSecuritiesCurrent`	$4.72M	USD	Point-in-time
Preferred stock, liquidation preference	`PreferredStockLiquidationPreference`	$3.68M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.93M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.81M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Other receivables	`OtherReceivables`	$1.41M	USD	Point-in-time
Other receivables	`OtherReceivables`	$1.50M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	$1.00K	USD	Point-in-time
Due from affiliates	`DueFromAffiliateCurrent`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.97M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.97M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.13M	shares	Point-in-time
Inventory, net	`InventoryNet`	$8.52M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.13M	shares	Point-in-time
Inventory, net	`InventoryNet`	$18.79M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	25.84M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	25.84M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.23M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$549.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$2.83M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$2.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$80.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$69.35M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$305.00K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.92M	USD	Point-in-time
Trademarks, net	`IntangibleAssetsNetExcludingGoodwill`	$1.54M	USD	Point-in-time
Trademarks, net	`IntangibleAssetsNetExcludingGoodwill`	$1.54M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$693.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$2.54M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$281.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$358.00K	USD	Point-in-time
Total assets	`Assets`	$76.72M	USD	Point-in-time
Total assets	`Assets`	$83.22M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$2.47M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	-	USD	Point-in-time
Current maturities of long-term borrowings	`DebtCurrent`	$42.00K	USD	Point-in-time
Current maturities of long-term borrowings	`DebtCurrent`	$46.00K	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$15.61M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$17.24M	USD	Point-in-time
Due to affiliates	`DueToRelatedPartiesCurrent`	$2.00K	USD	Point-in-time
Due to affiliates	`DueToRelatedPartiesCurrent`	$1.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$196.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$131.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.41M	USD	Point-in-time
Long-term borrowings	`LongTermDebtAndCapitalLeaseObligations`	$106.00K	USD	Point-in-time
Long-term borrowings	`LongTermDebtAndCapitalLeaseObligations`	$150.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$164.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$158.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$17.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.62M	USD	Point-in-time
Preferred shares - $.01 par value, 10,000,000 shares authorized; 3,677 shares issued and outstanding; liquidation preference of $3,677,000	`PreferredStockValue`	$3.31M	USD	Point-in-time
Preferred shares - $.01 par value, 10,000,000 shares authorized; 3,677 shares issued and outstanding; liquidation preference of $3,677,000	`PreferredStockValue`	$3.31M	USD	Point-in-time
Common shares - $.01 par value, 75,000,000 shares authorized, 52,965,797 shares issued, and 27,129,832 shares outstanding	`CommonStockValue`	$529.00K	USD	Point-in-time
Common shares - $.01 par value, 75,000,000 shares authorized, 52,965,797 shares issued, and 27,129,832 shares outstanding	`CommonStockValue`	$529.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$98.78M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$98.78M	USD	Point-in-time
Accumulated other comprehensive (losses) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-82.00K	USD	Point-in-time
Accumulated other comprehensive (losses) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$746.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.78M	USD	Point-in-time
Treasury stock, at cost, 25,835,965 common shares	`TreasuryStockValue`	$24.22M	USD	Point-in-time
Treasury stock, at cost, 25,835,965 common shares	`TreasuryStockValue`	$24.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$58.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$65.54M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$83.22M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$76.72M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$136.35M	USD	3 Qtrs
Net revenues	`SalesRevenueNet`	$40.57M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$43.45M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$159.69M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$119.26M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$36.66M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$136.49M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$33.08M	USD	1 Quarter
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$1.58M	USD	3 Qtrs
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$306.00K	USD	1 Quarter
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$567.00K	USD	1 Quarter
Other operating costs and expenses	`OtherCostOfOperatingRevenue`	$995.00K	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.92M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.95M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.02M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.09M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$38.99M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$35.59M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$126.35M	USD	3 Qtrs
Total costs and expenses	`CostsAndExpenses`	$143.99M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$4.46M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$10.01M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$4.98M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.70M	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$10.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$24.00K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$40.00K	USD	3 Qtrs
Interest income, net	`InterestIncomeExpenseNet`	$10.00K	USD	1 Quarter
Gain on sale of building	`GainLossOnSaleOfPropertyPlantEquipment`	$347.00K	USD	1 Quarter
Gain on sale of building	`GainLossOnSaleOfPropertyPlantEquipment`	$347.00K	USD	3 Qtrs
Realized gain on sale of marketable security	`TradingSecuritiesRealizedGainLoss`	$828.00K	USD	3 Qtrs
Realized gain on sale of marketable security	`TradingSecuritiesRealizedGainLoss`	$966.00K	USD	3 Qtrs
Realized gain on sale of marketable security	`TradingSecuritiesRealizedGainLoss`	$966.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.82M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.22M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.96M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.69M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.77M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.41M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.65M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.95M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.29M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.27M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.30	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.49	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.30	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.49	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.13M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.13M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$13.29M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.27M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$405.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$247.00K	USD	3 Qtrs
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$2.51M	USD	3 Qtrs
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$2.15M	USD	3 Qtrs
Asset allowances, reserves and other	`AssetAllowancesReservesAndOther`	$1.41M	USD	3 Qtrs
Asset allowances, reserves and other	`AssetAllowancesReservesAndOther`	$931.00K	USD	3 Qtrs
Gain on sale of building	`GainLossOnSaleOfPropertyPlantEquipment`	$347.00K	USD	1 Quarter
Gain on sale of building	`GainLossOnSaleOfPropertyPlantEquipment`	$347.00K	USD	3 Qtrs
Gain on sale of marketable security	`TradingSecuritiesRealizedGainLoss`	$828.00K	USD	3 Qtrs
Gain on sale of marketable security	`TradingSecuritiesRealizedGainLoss`	$966.00K	USD	3 Qtrs
Gain on sale of marketable security	`TradingSecuritiesRealizedGainLoss`	$966.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.17M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-13.40M	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-36.00K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$84.00K	USD	3 Qtrs
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$1.00K	USD	3 Qtrs
Due from affiliates	`IncreaseDecreaseDueFromAffiliates`	$-115.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.42M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.67M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.68M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-279.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-77.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$659.00K	USD	3 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.46M	USD	3 Qtrs
Accounts payable and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.48M	USD	3 Qtrs
Due to affiliates	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-1.00K	USD	3 Qtrs
Due to affiliates	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-25.00K	USD	3 Qtrs
Interest and income taxes payable	`IncreaseDecreaseInInterestAndIncomeTaxesPayable`	$219.00K	USD	3 Qtrs
Interest and income taxes payable	`IncreaseDecreaseInInterestAndIncomeTaxesPayable`	$-65.00K	USD	3 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.54M	USD	3 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.78M	USD	3 Qtrs
Proceeds from sale of marketable security	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	$4.72M	USD	3 Qtrs
Proceeds from sale of marketable security	`ProceedsFromSaleOfTradingSecuritiesHeldforinvestment`	$3.10M	USD	3 Qtrs
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-56.00K	USD	3 Qtrs
Decrease in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-4.49M	USD	3 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$70.00K	USD	3 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.00K	USD	3 Qtrs
Proceeds from sale of building	`ProceedsFromSaleOfBuildings`	$2.75M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.50M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.52M	USD	3 Qtrs
Repayments of short-term borrowings	`RepaymentsOfShortTermDebt`	$3.17M	USD	3 Qtrs
Repayments of short-term borrowings	`RepaymentsOfShortTermDebt`	$2.47M	USD	3 Qtrs
Decrease in capital lease and other rental obligations	`NetDecreaseInCapitalLeaseAndOtherRentalObligations`	$44.00K	USD	3 Qtrs
Decrease in capital lease and other rental obligations	`NetDecreaseInCapitalLeaseAndOtherRentalObligations`	$136.00K	USD	3 Qtrs
Borrowings under long-term credit facility	`ProceedsFromLongTermLinesOfCredit`	$88.16M	USD	3 Qtrs
Repayments of borrowings under long-term credit facility	`RepaymentsOfLongTermLinesOfCredit`	$88.16M	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.51M	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.31M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.76M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.20M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$42.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$42.00M	USD	Point-in-time
Interest	`InterestPaid`	$18.00K	USD	3 Qtrs
Interest	`InterestPaid`	$91.00K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$553.00K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$1.49M	USD	3 Qtrs

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