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10-Q Filing

RICHARDSON ELECTRONICS, LTD. CIK: 355948 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001387131-17-005033
Period End Date 20170831
Filing Date 20171012
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance rell-20170902.xml
Filing Contents
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance AllowanceForDoubtfulAccountsReceivableCurrent $381.00K USD Point-in-time
Accounts receivable, allowance AllowanceForDoubtfulAccountsReceivableCurrent $398.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $60.45M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $57.49M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $55.33M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $56.43M USD Point-in-time
Accounts receivable, less allowance of $381 and $398, respectively AccountsReceivableNetCurrent $19.26M USD Point-in-time
Accounts receivable, less allowance of $381 and $398, respectively AccountsReceivableNetCurrent $20.78M USD Point-in-time
Inventories, net InventoryNet $42.75M USD Point-in-time
Inventories, net InventoryNet $46.14M USD Point-in-time
Preferred stock par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Preferred stock par value (in dollars per share) PreferredStockParOrStatedValuePerShare $1.00 USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $3.07M USD Point-in-time
Preferred stock issued, shares PreferredStockSharesIssued 0.00 shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $3.37M USD Point-in-time
Preferred stock issued, shares PreferredStockSharesIssued 0.00 shares Point-in-time
Investments - current ShortTermInvestments $2.42M USD Point-in-time
Investments - current ShortTermInvestments $6.43M USD Point-in-time
Total current assets AssetsCurrent $128.36M USD Point-in-time
Total current assets AssetsCurrent $127.62M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $15.81M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $16.18M USD Point-in-time
Goodwill Goodwill $6.33M USD Point-in-time
Goodwill Goodwill $6.33M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $3.33M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $3.44M USD Point-in-time
Non-current deferred income taxes DeferredTaxAssetsNetNoncurrent $1.14M USD Point-in-time
Non-current deferred income taxes DeferredTaxAssetsNetNoncurrent $1.10M USD Point-in-time
Investments - non-current LongTermInvestments $2.42M USD Point-in-time
Investments - non-current LongTermInvestments $2.51M USD Point-in-time
Total non-current assets AssetsNoncurrent $29.11M USD Point-in-time
Total non-current assets AssetsNoncurrent $29.50M USD Point-in-time
Total assets Assets $157.12M USD Point-in-time
Total assets Assets $157.46M USD Point-in-time
Accounts payable AccountsPayableCurrent $15.93M USD Point-in-time
Accounts payable AccountsPayableCurrent $13.38M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $8.31M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $9.17M USD Point-in-time
Total current liabilities LiabilitiesCurrent $24.24M USD Point-in-time
Total current liabilities LiabilitiesCurrent $22.55M USD Point-in-time
Non-current deferred income tax liabilities AccruedIncomeTaxesNoncurrent $158.00K USD Point-in-time
Non-current deferred income tax liabilities AccruedIncomeTaxesNoncurrent $158.00K USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $735.00K USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $743.00K USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $893.00K USD Point-in-time
Total non-current liabilities LiabilitiesNoncurrent $901.00K USD Point-in-time
Total liabilities Liabilities $25.14M USD Point-in-time
Total liabilities Liabilities $23.46M USD Point-in-time
Preferred stock, $1.00 par value, no shares issued PreferredStockValue - USD Point-in-time
Preferred stock, $1.00 par value, no shares issued PreferredStockValue - USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $59.54M USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $59.44M USD Point-in-time
Common stock in treasury, at cost, no shares at September 2, 2017, and at May 27, 2017 TreasuryStockValue - USD Point-in-time
Common stock in treasury, at cost, no shares at September 2, 2017, and at May 27, 2017 TreasuryStockValue - USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $69.33M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $68.46M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $2.92M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $5.02M USD Point-in-time
Total stockholders' equity StockholdersEquity $132.33M USD Point-in-time
Total stockholders' equity StockholdersEquity $133.66M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $157.46M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $157.12M USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $36.99M USD 1 Quarter
Net sales SalesRevenueNet $33.37M USD 1 Quarter
Cost of sales CostOfRevenue $23.13M USD 1 Quarter
Cost of sales CostOfRevenue $24.85M USD 1 Quarter
Gross profit GrossProfit $12.15M USD 1 Quarter
Gross profit GrossProfit $10.24M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $12.32M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $12.33M USD 1 Quarter
Gain on disposal of assets GainLossOnDispositionOfAssets - USD 1 Quarter
Gain on disposal of assets GainLossOnDispositionOfAssets $191.00K USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-2.09M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $15.00K USD 1 Quarter
Investment/interest income InvestmentIncomeNet $11.00K USD 1 Quarter
Investment/interest income InvestmentIncomeNet $134.00K USD 1 Quarter
Foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-201.00K USD 1 Quarter
Foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-278.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $4.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $1.00K USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-266.00K USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-63.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-48.00K USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-2.35M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $64.00K USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $497.00K USD 1 Quarter
Net loss NetIncomeLoss $-112.00K USD 1 Quarter
Net loss NetIncomeLoss $-2.85M USD 1 Quarter
Foreign currency translation gain, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $379.00K USD 1 Quarter
Foreign currency translation gain, net of tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.12M USD 1 Quarter
Fair value adjustments on investments (loss) gain OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-14.00K USD 1 Quarter
Fair value adjustments on investments (loss) gain OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $7.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-2.46M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $2.00M USD 1 Quarter
Common shares - Diluted WeightedAverageNumberOfDilutedSharesOutstanding 12.85M shares 1 Quarter
Common shares - Diluted WeightedAverageNumberOfDilutedSharesOutstanding 12.84M shares 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-112.00K USD 1 Quarter
Net loss NetIncomeLoss $-2.85M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $732.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $715.00K USD 1 Quarter
Inventory provisions InventoryProvisions $162.00K USD 1 Quarter
Inventory provisions InventoryProvisions $43.00K USD 1 Quarter
Gain on sale of investments GainLossOnSaleOfInvestments $2.00K USD 1 Quarter
Gain on sale of investments GainLossOnSaleOfInvestments $25.00K USD 1 Quarter
Gain on disposal of assets GainLossOnDispositionOfAssets - USD 1 Quarter
Gain on disposal of assets GainLossOnDispositionOfAssets $191.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $103.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $101.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-4.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-158.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-3.56M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-2.05M USD 1 Quarter
Income tax receivable IncreaseDecreaseInIncomeTaxesReceivable - USD 1 Quarter
Income tax receivable IncreaseDecreaseInIncomeTaxesReceivable $13.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $2.61M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-368.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidExpense $-41.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidExpense $258.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-2.34M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-2.75M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-1.14M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $726.00K USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $267.00K USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $-5.00K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-2.46M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-1.68M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $2.06M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $1.01M USD 1 Quarter
Proceeds from sales of assets ProceedsFromSaleOfProductiveAssets $276.00K USD 1 Quarter
Proceeds from sales of assets ProceedsFromSaleOfProductiveAssets - USD 1 Quarter
Proceeds from maturity of investments ProceedsFromSaleOfLongtermInvestments $1.47M USD 1 Quarter
Proceeds from maturity of investments ProceedsFromSaleOfLongtermInvestments $4.00M USD 1 Quarter
Proceeds from sales of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecurities $88.00K USD 1 Quarter
Proceeds from sales of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecurities $151.00K USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $151.00K USD 1 Quarter
Purchases of available-for-sale securities PaymentsToAcquireAvailableForSaleSecurities $88.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $3.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $3.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-602.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $3.26M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $758.00K USD 1 Quarter
Cash dividends paid PaymentsOfDividends $758.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-758.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-758.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $69.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.06M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-2.97M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $1.10M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $60.45M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $57.49M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $55.33M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $56.43M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $60.45M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $57.49M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $55.33M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $56.43M USD Point-in-time
Stockholders Equity 13 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $132.33M USD Point-in-time
Beginning Balance StockholdersEquity $133.66M USD Point-in-time
Net loss NetIncomeLoss $-112.00K USD 1 Quarter
Net loss NetIncomeLoss $-2.85M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $379.00K USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.12M USD 1 Quarter
Fair value adjustments on investments OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $-14.00K USD 1 Quarter
Fair value adjustments on investments OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $7.00K USD 1 Quarter
Stock options AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $101.00K USD 1 Quarter
Common DividendsCommonStockCash $643.00K USD 1 Quarter
Class B DividendsCommonStockCashClassB $115.00K USD 1 Quarter
Ending Balance StockholdersEquity $132.33M USD Point-in-time
Ending Balance StockholdersEquity $133.66M USD Point-in-time

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

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