10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-18-145528 |
| Period End Date | 20180331 |
| Filing Date | 20180501 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | vicr-20180331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accounts receivable, allowance |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$191.00K | USD | Point-in-time |
| Accounts receivable, allowance |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$159.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$52.83M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$56.17M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$44.23M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$42.68M | USD | Point-in-time |
| Accounts receivable, less allowance of $191 in 2018 and $159 in 2017 |
AccountsReceivableNetCurrent
|
$34.49M | USD | Point-in-time |
| Accounts receivable, less allowance of $191 in 2018 and $159 in 2017 |
AccountsReceivableNetCurrent
|
$41.63M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$38.96M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$36.50M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$3.73M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$3.62M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$127.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$118.83M | USD | Point-in-time |
| Long-term deferred tax assets, net |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$213.00K | USD | Point-in-time |
| Long-term deferred tax assets, net |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$210.00K | USD | Point-in-time |
| Long-term investments, net |
LongTermInvestments
|
$2.52M | USD | Point-in-time |
| Long-term investments, net |
LongTermInvestments
|
$2.55M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$41.36M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$40.97M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$2.89M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$2.80M | USD | Point-in-time |
| Total assets |
Assets
|
$173.63M | USD | Point-in-time |
| Total assets |
Assets
|
$156.57M | USD | Point-in-time |
| Total assets |
Assets
|
$165.72M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$9.06M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$11.40M | USD | Point-in-time |
| Accrued compensation and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$9.89M | USD | Point-in-time |
| Accrued compensation and benefits |
EmployeeRelatedLiabilitiesCurrent
|
$9.00M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$2.99M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$2.26M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$300.00K | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$298.00K | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$5.79M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueCurrent
|
$2.77M | USD | Point-in-time |
| Sales allowances |
SalesAllowancesCurrent
|
$384.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$26.11M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$28.04M | USD | Point-in-time |
| Long-term deferred revenue |
DeferredRevenueNoncurrent
|
$303.00K | USD | Point-in-time |
| Long-term deferred revenue |
DeferredRevenueNoncurrent
|
$285.00K | USD | Point-in-time |
| Contingent consideration obligations |
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
$584.00K | USD | Point-in-time |
| Contingent consideration obligations |
BusinessCombinationContingentConsiderationLiabilityNoncurrent
|
$678.00K | USD | Point-in-time |
| Long-term income taxes payable |
AccruedIncomeTaxesNoncurrent
|
$195.00K | USD | Point-in-time |
| Long-term income taxes payable |
AccruedIncomeTaxesNoncurrent
|
$200.00K | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$95.00K | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$93.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$29.30M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$27.27M | USD | Point-in-time |
| Commitments and contingencies (Note 11) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 11) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$183.41M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$181.40M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$93.61M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$101.22M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-234.00K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-478.00K | USD | Point-in-time |
| Treasury stock, at cost |
TreasuryStockValue
|
$138.93M | USD | Point-in-time |
| Treasury stock, at cost |
TreasuryStockValue
|
$138.93M | USD | Point-in-time |
| Total Vicor Corporation stockholders' equity |
StockholdersEquity
|
$145.99M | USD | Point-in-time |
| Total Vicor Corporation stockholders' equity |
StockholdersEquity
|
$136.11M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$363.00K | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$305.00K | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$136.42M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$146.35M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$165.72M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$173.63M | USD | Point-in-time |
Income Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenues |
SalesRevenueNet
|
$65.27M | USD | 1 Quarter |
| Net revenues |
SalesRevenueNet
|
$54.46M | USD | 1 Quarter |
| Cost of revenues |
CostOfGoodsAndServicesSold
|
$35.06M | USD | 1 Quarter |
| Cost of revenues |
CostOfGoodsAndServicesSold
|
$30.81M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$30.21M | USD | 1 Quarter |
| Gross margin |
GrossProfit
|
$23.65M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$14.02M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$15.40M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$11.01M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$11.13M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$25.03M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$26.52M | USD | 1 Quarter |
| Income (loss) from operations |
OperatingIncomeLoss
|
$3.69M | USD | 1 Quarter |
| Income (loss) from operations |
OperatingIncomeLoss
|
$-1.38M | USD | 1 Quarter |
| Total unrealized gains on available-for-sale securities, net |
MarketableSecuritiesUnrealizedGainLoss
|
$23.00K | USD | 1 Quarter |
| Total unrealized gains on available-for-sale securities, net |
MarketableSecuritiesUnrealizedGainLoss
|
$18.00K | USD | 1 Quarter |
| Portion of losses recognized in other comprehensive income (loss) |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$-15.00K | USD | 1 Quarter |
| Portion of losses recognized in other comprehensive income (loss) |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
|
$-21.00K | USD | 1 Quarter |
| Net credit gains recognized in earnings |
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
|
$3.00K | USD | 1 Quarter |
| Net credit gains recognized in earnings |
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
|
$2.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$322.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$428.00K | USD | 1 Quarter |
| Total other income (expense), net |
NonoperatingIncomeExpense
|
$430.00K | USD | 1 Quarter |
| Total other income (expense), net |
NonoperatingIncomeExpense
|
$325.00K | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$4.12M | USD | 1 Quarter |
| Income (loss) before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-1.05M | USD | 1 Quarter |
| Less: Provision (benefit) for income taxes |
IncomeTaxExpenseBenefit
|
$-99.00K | USD | 1 Quarter |
| Less: Provision (benefit) for income taxes |
IncomeTaxExpenseBenefit
|
$134.00K | USD | 1 Quarter |
| Consolidated net income (loss) |
ProfitLoss
|
$-954.00K | USD | 1 Quarter |
| Consolidated net income (loss) |
ProfitLoss
|
$3.98M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$20.00K | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$39.00K | USD | 1 Quarter |
| Net income (loss) attributable to Vicor Corporation |
NetIncomeLoss
|
$3.94M | USD | 1 Quarter |
| Net income (loss) attributable to Vicor Corporation |
NetIncomeLoss
|
$-974.00K | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.10 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$-0.02 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.10 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$-0.02 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
39.48M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
39.07M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
40.17M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
39.07M | shares | 1 Quarter |
Cash Flow Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated net income (loss) |
ProfitLoss
|
$-954.00K | USD | 1 Quarter |
| Consolidated net income (loss) |
ProfitLoss
|
$3.98M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.16M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$2.27M | USD | 1 Quarter |
| Stock-based compensation expense, net |
AllocatedShareBasedCompensationExpense
|
$254.00K | USD | 1 Quarter |
| Stock-based compensation expense, net |
AllocatedShareBasedCompensationExpense
|
$736.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionBenefitForDoubtfulAccounts
|
$8.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionBenefitForDoubtfulAccounts
|
$32.00K | USD | 1 Quarter |
| Increase in long-term income taxes payable |
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
$5.00K | USD | 1 Quarter |
| Increase in long-term income taxes payable |
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
$2.00K | USD | 1 Quarter |
| Increase in other long-term liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$64.00K | USD | 1 Quarter |
| Increase in other long-term liabilities |
IncreaseDecreaseInOtherNoncurrentLiabilities
|
$2.00K | USD | 1 Quarter |
| Decrease in long-term deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-18.00K | USD | 1 Quarter |
| Decrease in long-term deferred revenue |
IncreaseDecreaseInDeferredRevenue
|
$-18.00K | USD | 1 Quarter |
| Gain on disposal of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$14.00K | USD | 1 Quarter |
| Gain on disposal of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$2.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-3.00K | USD | 1 Quarter |
| Credit gain on available-for-sale securities |
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
|
$3.00K | USD | 1 Quarter |
| Credit gain on available-for-sale securities |
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
|
$2.00K | USD | 1 Quarter |
| Change in current assets and liabilities, net |
IncreaseDecreaseInOperatingCapital
|
$2.85M | USD | 1 Quarter |
| Change in current assets and liabilities, net |
IncreaseDecreaseInOperatingCapital
|
$7.80M | USD | 1 Quarter |
| Net cash used for operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-812.00K | USD | 1 Quarter |
| Net cash used for operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-1.35M | USD | 1 Quarter |
| Additions to property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.65M | USD | 1 Quarter |
| Additions to property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.86M | USD | 1 Quarter |
| Proceeds from sale of equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$2.00K | USD | 1 Quarter |
| Proceeds from sale of equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$14.00K | USD | 1 Quarter |
| Increase in other assets |
PaymentsForProceedsFromOtherInvestingActivities
|
$104.00K | USD | 1 Quarter |
| Increase in other assets |
PaymentsForProceedsFromOtherInvestingActivities
|
$65.00K | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-1.95M | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-2.71M | USD | 1 Quarter |
| Proceeds from issuance of Common Stock |
ProceedsFromIssuanceOfCommonStock
|
$760.00K | USD | 1 Quarter |
| Proceeds from issuance of Common Stock |
ProceedsFromIssuanceOfCommonStock
|
$1.28M | USD | 1 Quarter |
| Payment of contingent consideration obligations |
PaymentOfContingentConsideration
|
$94.00K | USD | 1 Quarter |
| Payment of contingent consideration obligations |
PaymentOfContingentConsideration
|
$45.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$1.19M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$715.00K | USD | 1 Quarter |
| Effect of foreign exchange rates on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$17.00K | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-3.34M | USD | 1 Quarter |
| Net decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.55M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$52.83M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$56.17M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$44.23M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$42.68M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$52.83M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$56.17M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$44.23M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$42.68M | USD | Point-in-time |
Comprehensive Income
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Consolidated net income (loss) |
ProfitLoss
|
$-954.00K | USD | 1 Quarter |
| Recognized income tax benefit (provision) |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
- | USD | 1 Quarter |
| Recognized income tax benefit (provision) |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
|
- | USD | 1 Quarter |
| Consolidated net income (loss) |
ProfitLoss
|
$3.98M | USD | 1 Quarter |
| Foreign currency translation gains, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$144.00K | USD | 1 Quarter |
| Foreign currency translation gains, net of tax |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$242.00K | USD | 1 Quarter |
| Unrealized gains on available-for-sale securities, net of tax |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$21.00K | USD | 1 Quarter |
| Unrealized gains on available-for-sale securities, net of tax |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$15.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$263.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTax
|
$159.00K | USD | 1 Quarter |
| Consolidated comprehensive income (loss) |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$-795.00K | USD | 1 Quarter |
| Consolidated comprehensive income (loss) |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$4.25M | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$31.00K | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$58.00K | USD | 1 Quarter |
| Comprehensive income (loss) attributable to Vicor Corporation |
ComprehensiveIncomeNetOfTax
|
$4.19M | USD | 1 Quarter |
| Comprehensive income (loss) attributable to Vicor Corporation |
ComprehensiveIncomeNetOfTax
|
$-826.00K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.