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10-Q Filing

RICHARDSON ELECTRONICS, LTD. CIK: 355948 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001387131-15-002925
Period End Date 20150831
Filing Date 20151008
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance rell-20150829.xml
Filing Contents
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance AllowanceForDoubtfulAccountsReceivableCurrent $283.00K USD Point-in-time
Accounts receivable, allowance AllowanceForDoubtfulAccountsReceivableCurrent $283.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $98.08M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $68.43M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $102.75M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $74.53M USD Point-in-time
Accounts receivable, less allowance of $283 AccountsReceivableNetCurrent $20.75M USD Point-in-time
Accounts receivable, less allowance of $283 AccountsReceivableNetCurrent $23.99M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Inventories, net InventoryNet $41.19M USD Point-in-time
Inventories, net InventoryNet $38.77M USD Point-in-time
Common stock in treasury TreasuryStockShares 394,000.00 shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $2.29M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $1.70M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $804.00K USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $782.00K USD Point-in-time
Income tax receivable IncomeTaxesReceivable $381.00K USD Point-in-time
Income tax receivable IncomeTaxesReceivable $929.00K USD Point-in-time
Investments - current ShortTermInvestments $6.34M USD Point-in-time
Investments - current ShortTermInvestments $23.69M USD Point-in-time
Total current assets AssetsCurrent $143.40M USD Point-in-time
Total current assets AssetsCurrent $161.18M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $10.08M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $10.83M USD Point-in-time
Goodwill Goodwill $3.75M USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $743.00K USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $6.53M USD Point-in-time
Non-current deferred income taxes DeferredTaxAssetsNetNoncurrent $1.46M USD Point-in-time
Non-current deferred income taxes DeferredTaxAssetsNetNoncurrent $1.44M USD Point-in-time
Investments - non-current LongTermInvestments $11.55M USD Point-in-time
Investments - non-current LongTermInvestments $10.51M USD Point-in-time
Total non-current assets AssetsNoncurrent $23.82M USD Point-in-time
Total non-current assets AssetsNoncurrent $33.08M USD Point-in-time
Total assets Assets $184.99M USD Point-in-time
Total assets Assets $176.48M USD Point-in-time
Accounts payable AccountsPayableCurrent $15.77M USD Point-in-time
Accounts payable AccountsPayableCurrent $14.29M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $9.35M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $10.14M USD Point-in-time
Total current liabilities LiabilitiesCurrent $25.91M USD Point-in-time
Total current liabilities LiabilitiesCurrent $23.64M USD Point-in-time
Non-current deferred income tax liabilities AccruedIncomeTaxesNoncurrent $1.21M USD Point-in-time
Non-current deferred income tax liabilities AccruedIncomeTaxesNoncurrent $1.18M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $995.00K USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $1.22M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $2.43M USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $2.17M USD Point-in-time
Total liabilities Liabilities $28.34M USD Point-in-time
Total liabilities Liabilities $25.82M USD Point-in-time
Preferred stock, $1.00 par value, no shares issued PreferredStockValue - USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $62.31M USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $63.25M USD Point-in-time
Common stock in treasury, at cost, 394 shares at August 29, 2015, and no shares at May 30, 2015 TreasuryStockValue $2.27M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $86.93M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $89.14M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $3.58M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $3.01M USD Point-in-time
Total stockholders' equity StockholdersEquity $150.66M USD Point-in-time
Total stockholders' equity StockholdersEquity $156.65M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $176.48M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $184.99M USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $34.70M USD 1 Quarter
Net sales SalesRevenueNet $37.07M USD 1 Quarter
Cost of sales CostOfRevenue $24.04M USD 1 Quarter
Cost of sales CostOfRevenue $25.81M USD 1 Quarter
Gross profit GrossProfit $11.26M USD 1 Quarter
Gross profit GrossProfit $10.66M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $11.18M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $12.27M USD 1 Quarter
(Gain) loss on disposal of assets GainLossOnDispositionOfAssets $-9.00K USD 1 Quarter
(Gain) loss on disposal of assets GainLossOnDispositionOfAssets $1.00K USD 1 Quarter
Operating loss OperatingIncomeLoss $-1.00M USD 1 Quarter
Operating loss OperatingIncomeLoss $-533.00K USD 1 Quarter
Investment/interest income InvestmentIncomeNet $-256.00K USD 1 Quarter
Investment/interest income InvestmentIncomeNet $-191.00K USD 1 Quarter
Foreign exchange (gain) loss ForeignCurrencyTransactionGainLossBeforeTax $-57.00K USD 1 Quarter
Foreign exchange (gain) loss ForeignCurrencyTransactionGainLossBeforeTax $182.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $36.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-2.00K USD 1 Quarter
Total other income NonoperatingIncomeExpense $-315.00K USD 1 Quarter
Total other income NonoperatingIncomeExpense $27.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-218.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-1.03M USD 1 Quarter
Income tax provision (benefit) IncomeTaxExpenseBenefit $368.00K USD 1 Quarter
Income tax provision (benefit) IncomeTaxExpenseBenefit $-135.00K USD 1 Quarter
Net loss NetIncomeLoss $-83.00K USD 1 Quarter
Net loss NetIncomeLoss $-1.40M USD 1 Quarter
Foreign currency translation loss, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-503.00K USD 1 Quarter
Foreign currency translation loss, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-968.00K USD 1 Quarter
Fair value adjustments on investments gain (loss) OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-60.00K USD 1 Quarter
Fair value adjustments on investments gain (loss) OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $25.00K USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-1.03M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-1.96M USD 1 Quarter
Common shares - Diluted WeightedAverageNumberOfDilutedSharesOutstanding 14.00M shares 1 Quarter
Common shares - Diluted WeightedAverageNumberOfDilutedSharesOutstanding 13.63M shares 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-83.00K USD 1 Quarter
Net loss NetIncomeLoss $-1.40M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $366.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $485.00K USD 1 Quarter
Gain on sale of investments GainLossOnSaleOfInvestments $3.00K USD 1 Quarter
Gain on sale of investments GainLossOnSaleOfInvestments $11.00K USD 1 Quarter
Gain on disposal of assets AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1 $1.00K USD 1 Quarter
Gain on disposal of assets AssetsDisposedOfByMethodOtherThanSaleInPeriodOfDispositionGainLossOnDisposition1 - USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $120.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $90.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-79.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $1.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $2.52M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $372.00K USD 1 Quarter
Income tax receivable IncreaseDecreaseInIncomeTaxesReceivable $-2.31M USD 1 Quarter
Income tax receivable IncreaseDecreaseInIncomeTaxesReceivable $-548.00K USD 1 Quarter
Inventories, net IncreaseDecreaseInInventories $593.00K USD 1 Quarter
Inventories, net IncreaseDecreaseInInventories $2.11M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidExpense $-135.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidExpense $581.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $101.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.52M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-662.00K USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-804.00K USD 1 Quarter
Non-current deferred income tax liabilities IncreaseDecreaseInIncomeTaxes $228.00K USD 1 Quarter
Non-current deferred income tax liabilities IncreaseDecreaseInIncomeTaxes - USD 1 Quarter
Long term liablities - accrued pension IncreaseDecreaseInOtherAccruedLiabilities $-465.00K USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $-35.00K USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $49.00K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-6.51M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-328.00K USD 1 Quarter
Cash consideration paid for acquired business PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Cash consideration paid for acquired business PaymentsToAcquireBusinessesNetOfCashAcquired $12.21M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $984.00K USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $834.00K USD 1 Quarter
Proceeds from maturity of investments ProceedsFromSaleOfLongtermInvestments $18.35M USD 1 Quarter
Proceeds from maturity of investments ProceedsFromSaleOfLongtermInvestments $30.48M USD 1 Quarter
Purchases of investments PaymentsToAcquireLongtermInvestments $32.36M USD 1 Quarter
Purchases of investments PaymentsToAcquireLongtermInvestments - USD 1 Quarter
Proceeds from sales of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecurities $100.00K USD 1 Quarter
Proceeds from sales of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecurities $37.00K USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $100.00K USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $37.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-60.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $28.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-2.74M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $5.22M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $3.31M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $488.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $158.00K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Cash dividends paid PaymentsOfDividends $828.00K USD 1 Quarter
Cash dividends paid PaymentsOfDividends $806.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $1.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-4.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.16M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-4.12M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-441.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-695.00K USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-6.11M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-4.67M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $98.08M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $68.43M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $102.75M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $74.53M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $98.08M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $68.43M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $102.75M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $74.53M USD Point-in-time
Stockholders Equity 15 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $150.66M USD Point-in-time
Beginning Balance StockholdersEquity $156.65M USD Point-in-time
Net loss NetIncomeLoss $-83.00K USD 1 Quarter
Net loss NetIncomeLoss $-1.40M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-503.00K USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-968.00K USD 1 Quarter
Fair value adjustments on investments OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-60.00K USD 1 Quarter
Fair value adjustments on investments OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $25.00K USD 1 Quarter
Cancellation of treasury stock TreasuryStockRetiredParValueMethodAmount - USD 1 Quarter
Common ($0.06 per share) DividendsCommonStockCash $690.00K USD 1 Quarter
Common ($0.06 per share) DividendsCommonStockCash $710.00K USD 1 Quarter
Class B ($0.054 per share) DividendsCommonStockCashClassB $118.00K USD 1 Quarter
Class B ($0.054 per share) DividendsCommonStockCashClassB $116.00K USD 1 Quarter
Ending Balance StockholdersEquity $150.66M USD Point-in-time
Ending Balance StockholdersEquity $156.65M USD Point-in-time

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

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