10-Q Filing

SCANSOURCE, INC. CIK: 918965 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-221219`
Period End Date	20120331
Filing Date	20120509
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	scsc-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 62 Cash Flow Statement 66

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.75M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.79M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$26.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.30M	USD	Point-in-time
Accounts receivable, less allowance of $26,791 at March 31, 2012 and $26,562 at June 30, 2011	`AccountsReceivableNetCurrent`	$462.10M	USD	Point-in-time
Accounts receivable, less allowance of $26,791 at March 31, 2012 and $26,562 at June 30, 2011	`AccountsReceivableNetCurrent`	$445.21M	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$501.98M	USD	Point-in-time
Inventories	`InventoryNet`	$467.35M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.46M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$16.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.03B	USD	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$46.33M	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`	$56.36M	USD	Point-in-time
Goodwill	`Goodwill`	$59.09M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.55M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.11M	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
Other assets, including identifiable intangible assets	`OtherAssetsNoncurrent`	$71.17M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.55M	shares	Point-in-time
Total assets	`Assets`	$1.21B	USD	Point-in-time
Total assets	`Assets`	$1.18B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$3.16M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	-	USD	Point-in-time
Current portion of contingent consideration	`LiabilityForContingentConsiderationCurrent`	$2.40M	USD	Point-in-time
Current portion of contingent consideration	`LiabilityForContingentConsiderationCurrent`	$5.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$406.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$397.16M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherLiabilitiesCurrent`	$62.32M	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`	$1.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$465.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$477.35M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.43M	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`	$41.49M	USD	Point-in-time
Long-term portion of contingent consideration	`LiabilityForContingentConsiderationNoncurrent`	$14.68M	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`	$37.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$565.09M	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, 27,553,590 and 27,109,932 shares issued and outstanding at March 31, 2012 and June 30, 2011, respectively	`AdditionalPaidInCapitalCommonStock`	$137.35M	USD	Point-in-time
Common stock, no par value; 45,000,000 shares authorized, 27,553,590 and 27,109,932 shares issued and outstanding at March 31, 2012 and June 30, 2011, respectively	`AdditionalPaidInCapitalCommonStock`	$123.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$514.66M	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`	$-9.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$642.45M	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`	$1.21B	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$707.88M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.93B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$2.26B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$613.47M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$2.03B	USD	3 Qtrs
Cost of goods sold	`CostOfRevenue`	$1.73B	USD	3 Qtrs
Cost of goods sold	`CostOfRevenue`	$638.62M	USD	1 Quarter
Cost of goods sold	`CostOfRevenue`	$547.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$228.20M	USD	3 Qtrs
Gross profit	`GrossProfit`	$65.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$69.27M	USD	1 Quarter
Gross profit	`GrossProfit`	$199.94M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$116.07M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$141.75M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.71M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.35M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-1.07M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-1.24M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$25.48M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$83.87M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$85.20M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$21.48M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.18M	USD	3 Qtrs
Interest expense	`InterestExpense`	$429.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$254.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.49M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$313.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$780.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.23M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$918.00K	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-3.36M	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-492.00K	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-300.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-206.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.06M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$82.58M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$83.11M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.80M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.05M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.53M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$28.08M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$29.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$16.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.50M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$14.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.86M	USD	3 Qtrs
Net income per common share, basic	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Net income per common share, basic	`EarningsPerShareBasic`	$2.01	USD	3 Qtrs
Net income per common share, basic	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Net income per common share, basic	`EarningsPerShareBasic`	$2.00	USD	3 Qtrs
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.81M	shares	3 Qtrs
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.49M	shares	1 Quarter
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	27.29M	shares	3 Qtrs
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.94M	shares	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$1.98	USD	3 Qtrs
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.60	USD	1 Quarter
Net income per common share, diluted	`EarningsPerShareDiluted`	$1.97	USD	3 Qtrs
Net income per common share, diluted	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.71M	shares	3 Qtrs
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.41M	shares	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.18M	shares	3 Qtrs
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.93M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$16.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.50M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$14.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$53.86M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.59M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.35M	USD	3 Qtrs
Provision for accounts and notes receivable	`ProvisionForDoubtfulAccounts`	$4.97M	USD	3 Qtrs
Provision for accounts and notes receivable	`ProvisionForDoubtfulAccounts`	$5.44M	USD	3 Qtrs
Share-based compensation and restricted stock	`ShareBasedCompensation`	$3.46M	USD	3 Qtrs
Share-based compensation and restricted stock	`ShareBasedCompensation`	$5.51M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$70.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.39M	USD	3 Qtrs
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$150.00K	USD	3 Qtrs
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$-444.00K	USD	3 Qtrs
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-1.07M	USD	1 Quarter
Change in fair value of contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$-1.24M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-90.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.02M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$45.71M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$44.86M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$-1.42M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInOtherCurrentAssets`	$14.89M	USD	3 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$8.77M	USD	3 Qtrs
Other noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$486.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.97M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-297.00K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$22.41M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.56M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.65M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.23M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.55M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.07M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$10.20M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.48M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$10.19M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.67M	USD	1 Quarter
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Cash paid for business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.20M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.19M	USD	3 Qtrs
Increases (decreases) in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-2.95M	USD	3 Qtrs
Increases (decreases) in short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$1.83M	USD	3 Qtrs
Borrowings (repayments) on revolving credit, net of debt issue costs	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.26M	USD	3 Qtrs
Borrowings (repayments) on revolving credit, net of debt issue costs	`ProceedsFromRepaymentsOfLinesOfCredit`	$14.30M	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$8.07M	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.88M	USD	3 Qtrs
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-444.00K	USD	3 Qtrs
Excess tax benefits from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$150.00K	USD	3 Qtrs
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$25.00M	USD	3 Qtrs
Contingent consideration payments	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.43M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.52M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$801.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.90M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.55M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.42M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$31.18M	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`	$34.30M	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`	$31.18M	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`	$34.30M	USD	Point-in-time

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