10-Q Filing

OPTICAL CABLE CORP CIK: 1000230 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-109894`
Period End Date	20120131
Filing Date	20120312
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	occ-20120131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 34 Cash Flow Statement 63 Stockholders Equity 11

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Trade accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$136.97K	USD	Point-in-time
Trade accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$145.62K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.37M	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.52M	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$454.65K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $136,972 at January 31, 2012 and $145,616 at October 31, 2011	`AccountsReceivableNetCurrent`	$10.80M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $136,972 at January 31, 2012 and $145,616 at October 31, 2011	`AccountsReceivableNetCurrent`	$9.58M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	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
Other receivables	`OtherReceivables`	$510.71K	USD	Point-in-time
Other receivables	`OtherReceivables`	$453.11K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Income taxes refundable	`IncomeTaxesReceivable`	$385.74K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Income taxes refundable	`IncomeTaxesReceivable`	$434.12K	USD	Point-in-time
Inventories	`InventoryNet`	$16.50M	USD	Point-in-time
Inventories	`InventoryNet`	$17.68M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$534.26K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$374.03K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.26M	shares	Point-in-time
Deferred income taxes - current	`DeferredTaxAssetsNetCurrent`	$1.77M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.29M	shares	Point-in-time
Deferred income taxes - current	`DeferredTaxAssetsNetCurrent`	$1.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.52M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.26M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.29M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$30.86M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.54M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.23M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$295.84K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$296.49K	USD	Point-in-time
Deferred income taxes - noncurrent	`DeferredTaxAssetsNetNoncurrent`	$426.77K	USD	Point-in-time
Deferred income taxes - noncurrent	`DeferredTaxAssetsNetNoncurrent`	$463.18K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$131.34K	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$154.94K	USD	Point-in-time
Total assets	`Assets`	$43.98M	USD	Point-in-time
Total assets	`Assets`	$44.95M	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtCurrent`	$190.59K	USD	Point-in-time
Current installments of long-term debt	`LongTermDebtCurrent`	$193.46K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.66M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.43M	USD	Point-in-time
Accrued compensation and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$2.58M	USD	Point-in-time
Accrued compensation and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$2.23M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$19.28K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.20M	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtNoncurrent`	$8.00M	USD	Point-in-time
Long-term debt, excluding current installments	`LongTermDebtNoncurrent`	$7.95M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$996.01K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$1.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.22M	USD	Point-in-time
Preferred stock, no par value, authorized 1,000,000 shares; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par value, authorized 1,000,000 shares; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value, authorized 50,000,000 shares; issued and outstanding 6,257,929 shares at January 31, 2012 and 6,287,761 at October 31, 2011	`CommonStockValue`	$6.91M	USD	Point-in-time
Common stock, no par value, authorized 50,000,000 shares; issued and outstanding 6,257,929 shares at January 31, 2012 and 6,287,761 at October 31, 2011	`CommonStockValue`	$6.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$21.54M	USD	Point-in-time
Total shareholders' equity attributable to Optical Cable Corporation	`StockholdersEquity`	$28.45M	USD	Point-in-time
Total shareholders' equity attributable to Optical Cable Corporation	`StockholdersEquity`	$28.21M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-486.20K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-525.94K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.92M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.72M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$43.98M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$44.95M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$17.71M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$17.33M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$11.29M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$11.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.15M	USD	1 Quarter
Gross profit	`GrossProfit`	$6.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.96M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.98M	USD	1 Quarter
Royalty income, net	`RoyaltyRevenue`	$161.12K	USD	1 Quarter
Royalty income, net	`RoyaltyRevenue`	$185.53K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$107.70K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$33.38K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$337.35K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$497.34K	USD	1 Quarter
Interest expense	`InterestExpense`	$149.96K	USD	1 Quarter
Interest expense	`InterestExpense`	$143.70K	USD	1 Quarter
Other, net	`OtherNonoperatingIncome`	$-1.19K	USD	1 Quarter
Other, net	`OtherNonoperatingIncome`	$31.08K	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-144.89K	USD	1 Quarter
Other expense, net	`NonoperatingIncomeExpense`	$-118.87K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$378.47K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$192.46K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$39.31K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$39.76K	USD	1 Quarter
Net income	`ProfitLoss`	$152.71K	USD	1 Quarter
Net income	`ProfitLoss`	$339.16K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-63.15K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-39.74K	USD	1 Quarter
Net income attributable to Optical Cable Corporation	`NetIncomeLoss`	$192.44K	USD	1 Quarter
Net income attributable to Optical Cable Corporation	`NetIncomeLoss`	$402.31K	USD	1 Quarter
per share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
per share: Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.06	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.01	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.01	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$152.71K	USD	1 Quarter
Net income	`ProfitLoss`	$339.16K	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationDepletionAndAmortization`	$691.59K	USD	1 Quarter
Depreciation, amortization and accretion	`DepreciationDepletionAndAmortization`	$550.86K	USD	1 Quarter
Bad debt expense (recovery)	`ProvisionForDoubtfulAccounts`	$3.19K	USD	1 Quarter
Bad debt expense (recovery)	`ProvisionForDoubtfulAccounts`	$-8.64K	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$13.45K	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-32.21K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$180.46K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$253.84K	USD	1 Quarter
Reversal of excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-5.47K	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$31.80K	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.92K	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.22M	USD	1 Quarter
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-56.89K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-194.53K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-57.61K	USD	1 Quarter
Income taxes refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-48.39K	USD	1 Quarter
Income taxes refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-373.09K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.32K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.18M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$348.75K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$163.93K	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-11.48K	USD	1 Quarter
Other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$-1.64K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-763.90K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-626.47K	USD	1 Quarter
Accrued compensation and payroll taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$325.54K	USD	1 Quarter
Accrued compensation and payroll taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-349.17K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$13.81K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$46.65K	USD	1 Quarter
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-37.96K	USD	1 Quarter
Other noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-21.30K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.15M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-175.66K	USD	1 Quarter
Purchase of and deposits for the purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$292.92K	USD	1 Quarter
Purchase of and deposits for the purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$207.33K	USD	1 Quarter
Investment in intangible assets	`PaymentsToAcquireIntangibleAssets`	$13.48K	USD	1 Quarter
Investment in intangible assets	`PaymentsToAcquireIntangibleAssets`	$34.02K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfProductiveAssets`	$31.80K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfProductiveAssets`	$80.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-274.60K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-241.27K	USD	1 Quarter
Payroll taxes withheld and remitted on share-based payments	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$105.60K	USD	1 Quarter
Payroll taxes withheld and remitted on share-based payments	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$187.90K	USD	1 Quarter
Principal payments on long-term debt and note payable to bank	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$742.28K	USD	1 Quarter
Principal payments on long-term debt and note payable to bank	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$45.93K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$30.97K	USD	1 Quarter
Reversal of excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-5.47K	USD	1 Quarter
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$62.94K	USD	1 Quarter
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$62.80K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.02M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-219.94K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-147.64K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-636.86K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.37M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.52M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$454.65K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.37M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.52M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$454.65K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.09M	USD	Point-in-time

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.01	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.01	USD	1 Quarter
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.92M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.72M	USD	Point-in-time
Share-based compensation, net	`StockIssuedDuringPeriodValueShareBasedCompensation`	$148.24K	USD	1 Quarter
Common stock dividends declared, $0.015 per share	`DividendsCommonStockStock`	$94.32K	USD	1 Quarter
Reversal of excess tax benefits from share-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$-5.47K	USD	1 Quarter
Net income	`ProfitLoss`	$152.71K	USD	1 Quarter
Net income	`ProfitLoss`	$339.16K	USD	1 Quarter
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.92M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.72M	USD	Point-in-time

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