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10-Q Filing

BENCHMARK ELECTRONICS INC CIK: 863436 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000863436-15-000013
Period End Date 20150331
Filing Date 20150508
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance bhe-20150331.xml
Balance Sheet 78 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts, accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $2.94M USD Point-in-time
Allowance for doubtful accounts, accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $2.92M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $383.60M USD Point-in-time
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $362.62M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $345.56M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $394.19M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $427.38M USD Point-in-time
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $369.13M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,943 and $338, respectively AccountsReceivableNetCurrent $520.39M USD Point-in-time
Preferred shares, par value PreferredStockParOrStatedValuePerShare $0.10 USD Point-in-time
Preferred shares, par value PreferredStockParOrStatedValuePerShare $0.10 USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $2,943 and $338, respectively AccountsReceivableNetCurrent $490.69M USD Point-in-time
Inventories, net InventoryNet $426.84M USD Point-in-time
Inventories, net InventoryNet $401.26M USD Point-in-time
Preferred shares, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred shares, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred shares, issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred shares, issued PreferredStockSharesIssued 0.00 shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $34.57M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssets $30.45M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $572.00K USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $152.00K USD Point-in-time
Common shares, par value CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Common shares, par value CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $6.65M USD Point-in-time
Common shares, shares authorized CommonStockSharesAuthorized 145.00M shares Point-in-time
Common shares, shares authorized CommonStockSharesAuthorized 145.00M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $8.50M USD Point-in-time
Total current assets AssetsCurrent $1.39B USD Point-in-time
Total current assets AssetsCurrent $1.34B USD Point-in-time
Common shares, issued CommonStockSharesIssued 52.48M shares Point-in-time
Common shares, issued CommonStockSharesIssued 52.99M shares Point-in-time
Common shares, outstanding CommonStockSharesOutstanding 52.99M shares Point-in-time
Long-term investments AvailableForSaleSecuritiesNoncurrent $1.01M USD Point-in-time
Long-term investments AvailableForSaleSecuritiesNoncurrent $1.01M USD Point-in-time
Common shares, outstanding CommonStockSharesOutstanding 52.48M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $190.18M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $187.05M USD Point-in-time
Goodwill, net Goodwill $45.97M USD Point-in-time
Goodwill, net Goodwill $45.97M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $25.02M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $25.05M USD Point-in-time
Other, net OtherAssetsNoncurrent $27.83M USD Point-in-time
Other, net OtherAssetsNoncurrent $28.16M USD Point-in-time
Total assets Assets $1.68B USD Point-in-time
Total assets Assets $1.63B USD Point-in-time
Current installments of capital lease obligations CapitalLeaseObligationsCurrent $701.00K USD Point-in-time
Current installments of capital lease obligations CapitalLeaseObligationsCurrent $676.00K USD Point-in-time
Accounts payable AccountsPayableCurrent $289.79M USD Point-in-time
Accounts payable AccountsPayableCurrent $248.56M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $5.47M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $5.08M USD Point-in-time
Accrued liabilities OtherLiabilitiesCurrent $63.17M USD Point-in-time
Accrued liabilities OtherLiabilitiesCurrent $58.29M USD Point-in-time
Total current liabilities LiabilitiesCurrent $359.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $312.63M USD Point-in-time
Capital lease obligations, less current installments CapitalLeaseObligationsNoncurrent $8.85M USD Point-in-time
Capital lease obligations, less current installments CapitalLeaseObligationsNoncurrent $8.66M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $17.80M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $17.41M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $2.11M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $2.11M USD Point-in-time
Preferred shares, $0.10 par value; 5,000 shares authorized, none issued PreferredStockValue - USD Point-in-time
Preferred shares, $0.10 par value; 5,000 shares authorized, none issued PreferredStockValue - USD Point-in-time
Common shares, $0.10 par value; 145,000 shares authorized; issued and outstanding - 52,994 and 53,936, respectively CommonStockValue $5.30M USD Point-in-time
Common shares, $0.10 par value; 145,000 shares authorized; issued and outstanding - 52,994 and 53,936, respectively CommonStockValue $5.25M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $645.07M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $649.72M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $645.50M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $651.22M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-12.94M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-9.47M USD Point-in-time
Total shareholders' equity StockholdersEquity $1.29B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.29B 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 $1.68B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $1.63B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Sales SalesRevenueNet $620.92M USD 1 Quarter
Sales SalesRevenueNet $639.34M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $588.22M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $569.15M USD 1 Quarter
Gross profit GrossProfit $51.78M USD 1 Quarter
Gross profit GrossProfit $51.12M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $28.15M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $28.20M USD 1 Quarter
Restructuring charges and integration costs RestructuringChargesAndIntegrationAndAcquisitionRelatedCosts $4.87M USD 1 Quarter
Restructuring charges and integration costs RestructuringChargesAndIntegrationAndAcquisitionRelatedCosts $2.11M USD 1 Quarter
Thailand flood-related items, net of insurance FloodRelatedItemsNetOfInsurance - USD 1 Quarter
Thailand flood-related items, net of insurance FloodRelatedItemsNetOfInsurance $-1.57M USD 1 Quarter
Income from operations OperatingIncomeLoss $22.43M USD 1 Quarter
Income from operations OperatingIncomeLoss $18.71M USD 1 Quarter
Interest expense InterestExpense $476.00K USD 1 Quarter
Interest expense InterestExpense $435.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $515.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $432.00K USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $26.00K USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $-1.06M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $22.50M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $17.65M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $3.37M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $3.44M USD 1 Quarter
Net income NetIncomeLoss $14.21M USD 1 Quarter
Net income NetIncomeLoss $19.12M USD 1 Quarter
Basic EarningsPerShareBasic $0.36 USD 1 Quarter
Basic EarningsPerShareBasic $0.27 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.35 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.27 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 52.46M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 53.65M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 53.05M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 54.28M shares 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $14.21M USD 1 Quarter
Net income NetIncomeLoss $19.12M USD 1 Quarter
Depreciation Depreciation $9.64M USD 1 Quarter
Depreciation Depreciation $10.93M USD 1 Quarter
Amortization AdjustmentForAmortization $1.21M USD 1 Quarter
Amortization AdjustmentForAmortization $1.16M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $3.29M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $1.82M USD 1 Quarter
(Gain) loss on the sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $14.00K USD 1 Quarter
(Gain) loss on the sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $-393.00K USD 1 Quarter
Asset impairments AssetImpairmentCharges $84.00K USD 1 Quarter
Asset impairments AssetImpairmentCharges - USD 1 Quarter
Thailand flood insurance recovery InsuranceRecoveries - USD 1 Quarter
Thailand flood insurance recovery InsuranceRecoveries $550.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.43M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.94M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $426.00K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $328.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-28.36M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-94.82M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $46.51M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $26.91M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.03M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $4.43M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-21.15M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-32.98M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $1.19M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-5.07M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $289.00K USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-650.00K USD 1 Quarter
Net cash provided by (used in) operations NetCashProvidedByUsedInOperatingActivities $60.73M USD 1 Quarter
Net cash provided by (used in) operations NetCashProvidedByUsedInOperatingActivities $-10.90M USD 1 Quarter
Proceeds from sales and redemptions of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $1.00K USD 1 Quarter
Proceeds from sales and redemptions of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $6.00K USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $16.31M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $14.51M USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $106.00K USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $412.00K USD 1 Quarter
Additions to purchased software PaymentsForSoftware $515.00K USD 1 Quarter
Additions to purchased software PaymentsForSoftware $104.00K USD 1 Quarter
Thailand flood property insurance proceeds ProceedsFromInsuranceSettlementInvestingActivities - USD 1 Quarter
Thailand flood property insurance proceeds ProceedsFromInsuranceSettlementInvestingActivities $550.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-55.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-363.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-13.59M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-16.36M USD 1 Quarter
Proceeds from stock options exercised ProceedsFromStockOptionsExercised $821.00K USD 1 Quarter
Proceeds from stock options exercised ProceedsFromStockOptionsExercised $5.81M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $426.00K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $328.00K USD 1 Quarter
Principal payments on capital lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $155.00K USD 1 Quarter
Principal payments on capital lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $132.00K USD 1 Quarter
Share repurchases PaymentsForRepurchaseOfCommonStock $4.54M USD 1 Quarter
Share repurchases PaymentsForRepurchaseOfCommonStock $15.78M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-14.78M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $1.57M USD 1 Quarter
Effect of exchange rate changes EffectOfExchangeRateOnCashAndCashEquivalents $-72.00K USD 1 Quarter
Effect of exchange rate changes EffectOfExchangeRateOnCashAndCashEquivalents $-1.73M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-43.78M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $48.64M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $383.60M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $345.56M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $394.19M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $427.38M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $345.56M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $394.19M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $383.60M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $427.38M USD Point-in-time
Stockholders Equity 17 line items
Line Item Tag Value Unit Period
Balances, shares CommonStockSharesOutstanding 52.99M shares Point-in-time
Balances, shares CommonStockSharesOutstanding 52.48M shares Point-in-time
Balances, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.29B USD Point-in-time
Balances, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.29B USD Point-in-time
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.94M USD 1 Quarter
Shares repurchased and retired, value StockRepurchasedAndRetiredDuringPeriodValue $15.78M USD 1 Quarter
Stock options exercised, shares StockIssuedDuringPeriodSharesStockOptionsExercised 46,000.00 shares 1 Quarter
Stock options exercised, value StockIssuedDuringPeriodValueStockOptionsExercised $821.00K USD 1 Quarter
Vesting of restricted stock units, value StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Shares withheld for taxes, value RestrictedStockValueSharesIssuedNetOfTaxWithholdings $-457.00K USD 1 Quarter
Excess tax benefit of stock-based compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $292.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $19.08M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $10.74M USD 1 Quarter
Balances, shares CommonStockSharesOutstanding 52.99M shares Point-in-time
Balances, shares CommonStockSharesOutstanding 52.48M shares Point-in-time
Balances, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.29B USD Point-in-time
Balances, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.29B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $14.21M USD 1 Quarter
Net income NetIncomeLoss $19.12M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-27.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-3.46M USD 1 Quarter
Unrealized gain (loss) on investments, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-9.00K USD 1 Quarter
Unrealized gain (loss) on investments, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $5.00K USD 1 Quarter
Other OtherComponentOfOtherComprehensiveIncome $-4.00K USD 1 Quarter
Other OtherComponentOfOtherComprehensiveIncome $-8.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-3.46M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-44.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $19.08M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $10.74M USD 1 Quarter

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

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