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10-Q Filing

BENCHMARK ELECTRONICS INC CIK: 863436 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000863436-16-000047
Period End Date 20160331
Filing Date 20160510
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance bhe-20160331.xml
Balance Sheet 71 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts, accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $3.42M USD Point-in-time
Allowance for doubtful accounts, accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $3.31M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $383.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $519.17M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $466.00M USD Point-in-time
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $379.09M 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 $387.85M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3,314 and $3,417, respectively AccountsReceivableNetCurrent $414.18M USD Point-in-time
Preferred shares, par value PreferredStockParOrStatedValuePerShare $0.10 USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $3,314 and $3,417, respectively AccountsReceivableNetCurrent $479.14M USD Point-in-time
Preferred shares, par value PreferredStockParOrStatedValuePerShare $0.10 USD Point-in-time
Preferred shares, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Inventories, net InventoryNet $411.99M USD Point-in-time
Preferred shares, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Inventories, net InventoryNet $389.92M USD Point-in-time
Preferred shares, issued PreferredStockSharesIssued 0.00 shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $31.35M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $37.06M USD Point-in-time
Preferred shares, issued PreferredStockSharesIssued 0.00 shares Point-in-time
Common shares, par value CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $36.00K USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $156.00K USD Point-in-time
Common shares, par value CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Total current assets AssetsCurrent $1.36B USD Point-in-time
Common shares, shares authorized CommonStockSharesAuthorized 145.00M shares Point-in-time
Total current assets AssetsCurrent $1.39B USD Point-in-time
Common shares, shares authorized CommonStockSharesAuthorized 145.00M shares Point-in-time
Common shares, issued CommonStockSharesIssued 50.18M shares Point-in-time
Property, plant and equipment, net of accumulated depreciation of $387,852 and $379,088, respectively PropertyPlantAndEquipmentNet $178.17M USD Point-in-time
Common shares, issued CommonStockSharesIssued 49.66M shares Point-in-time
Property, plant and equipment, net of accumulated depreciation of $387,852 and $379,088, respectively PropertyPlantAndEquipmentNet $173.97M USD Point-in-time
Common shares, outstanding CommonStockSharesOutstanding 50.18M shares Point-in-time
Goodwill Goodwill $199.47M USD Point-in-time
Goodwill Goodwill $199.29M USD Point-in-time
Common shares, outstanding CommonStockSharesOutstanding 49.66M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $14.84M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $14.09M USD Point-in-time
Other, net OtherAssetsNoncurrent $113.70M USD Point-in-time
Other, net OtherAssetsNoncurrent $110.57M USD Point-in-time
Total assets Assets $1.86B USD Point-in-time
Total assets Assets $1.89B USD Point-in-time
Current installments of long-term debt and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $12.28M USD Point-in-time
Current installments of long-term debt and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $12.31M USD Point-in-time
Accounts payable AccountsPayableCurrent $251.16M USD Point-in-time
Accounts payable AccountsPayableCurrent $218.24M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $5.07M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $5.01M USD Point-in-time
Accrued liabilities OtherLiabilitiesCurrent $66.11M USD Point-in-time
Accrued liabilities OtherLiabilitiesCurrent $64.58M USD Point-in-time
Total current liabilities LiabilitiesCurrent $333.09M USD Point-in-time
Total current liabilities LiabilitiesCurrent $301.67M USD Point-in-time
Long-term debt and capital lease obligations, less current installments LongTermDebtAndCapitalLeaseObligations $222.91M USD Point-in-time
Long-term debt and capital lease obligations, less current installments LongTermDebtAndCapitalLeaseObligations $220.00M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $17.14M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $15.97M 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 - 49,664 and 50,178, respectively CommonStockValue $5.02M USD Point-in-time
Common shares, $0.10 par value; 145,000 shares authorized; issued and outstanding - 49,664 and 50,178, respectively CommonStockValue $4.97M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $625.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $619.99M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $709.36M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $704.90M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-13.91M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-13.02M USD Point-in-time
Total shareholders' equity StockholdersEquity $1.32B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.32B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $1.86B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $1.89B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Sales SalesRevenueNet $549.23M USD 1 Quarter
Sales SalesRevenueNet $620.92M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $569.15M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $498.92M USD 1 Quarter
Gross profit GrossProfit $51.78M USD 1 Quarter
Gross profit GrossProfit $50.31M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $31.25M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $28.20M USD 1 Quarter
Restructuring charges and other costs RestructuringChargesAndOtherCosts $4.87M USD 1 Quarter
Restructuring charges and other costs RestructuringChargesAndOtherCosts $2.79M USD 1 Quarter
Income from operations OperatingIncomeLoss $16.27M USD 1 Quarter
Income from operations OperatingIncomeLoss $18.71M USD 1 Quarter
Interest expense InterestExpense $435.00K USD 1 Quarter
Interest expense InterestExpense $2.33M USD 1 Quarter
Interest income InvestmentIncomeInterest $432.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $264.00K USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-1.06M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-223.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $13.97M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $17.65M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $2.92M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $3.44M USD 1 Quarter
Net income NetIncomeLoss $11.05M USD 1 Quarter
Net income NetIncomeLoss $14.21M USD 1 Quarter
Basic EarningsPerShareBasic $0.22 USD 1 Quarter
Basic EarningsPerShareBasic $0.27 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.22 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.27 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 49.85M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 52.46M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 50.29M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 53.05M shares 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $14.21M USD 1 Quarter
Net income NetIncomeLoss $11.05M USD 1 Quarter
Depreciation Depreciation $10.62M USD 1 Quarter
Depreciation Depreciation $10.93M USD 1 Quarter
Amortization AdjustmentForAmortization $3.29M USD 1 Quarter
Amortization AdjustmentForAmortization $1.21M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $1.82M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $633.00K USD 1 Quarter
Gain on the sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $93.00K USD 1 Quarter
Gain on the sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $14.00K USD 1 Quarter
Asset impairments AssetImpairmentCharges $121.00K USD 1 Quarter
Asset impairments AssetImpairmentCharges $84.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.11M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.94M USD 1 Quarter
Excess tax benefit from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $149.00K USD 1 Quarter
Excess tax benefit from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $328.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-65.38M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-28.36M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-22.76M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $26.91M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $4.43M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.40M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-31.94M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-32.98M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-5.07M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-2.07M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $289.00K USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $201.00K USD 1 Quarter
Net cash provided by (used in) operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $76.51M USD 1 Quarter
Net cash provided by (used in) operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-10.90M USD 1 Quarter
Proceeds from sales of investments at par ProceedsFromSaleAndMaturityOfMarketableSecurities $1.00K USD 1 Quarter
Proceeds from sales of investments at par ProceedsFromSaleAndMaturityOfMarketableSecurities - USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $16.31M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.70M USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $130.00K 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 $137.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-55.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-62.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-16.36M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-7.64M USD 1 Quarter
Proceeds from stock options exercised ProceedsFromStockOptionsExercised $821.00K USD 1 Quarter
Proceeds from stock options exercised ProceedsFromStockOptionsExercised $763.00K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $149.00K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $328.00K USD 1 Quarter
Principal payments on long-term debt and capital lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $3.08M USD 1 Quarter
Principal payments on long-term debt and capital lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $155.00K USD 1 Quarter
Share repurchases PaymentsForRepurchaseOfCommonStock $15.78M USD 1 Quarter
Share repurchases PaymentsForRepurchaseOfCommonStock $14.21M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-14.78M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-16.37M USD 1 Quarter
Effect of exchange rate changes EffectOfExchangeRateOnCashAndCashEquivalents $675.00K 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 $53.17M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $427.38M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $383.60M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $519.17M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $466.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $519.17M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $466.00M 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 20 line items
Line Item Tag Value Unit Period
Balances, shares CommonStockSharesOutstanding 49.66M shares Point-in-time
Balances, shares CommonStockSharesOutstanding 50.18M shares Point-in-time
Balances, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.32B USD Point-in-time
Balances, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.32B USD Point-in-time
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.11M USD 1 Quarter
Shares repurchased and retired, shares StockRepurchasedAndRetiredDuringPeriodShares 690,000.00 shares 1 Quarter
Shares repurchased and retired, value StockRepurchasedAndRetiredDuringPeriodValue $14.21M USD 1 Quarter
Stock options exercised, shares StockIssuedDuringPeriodSharesStockOptionsExercised 47,000.00 shares 1 Quarter
Stock options exercised, value StockIssuedDuringPeriodValueStockOptionsExercised $763.00K USD 1 Quarter
Vesting of restricted stock units, shares StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures 149,000.00 shares 1 Quarter
Vesting of restricted stock units, value StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Shares withheld for taxes, shares RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings 20,000.00 shares 1 Quarter
Shares withheld for taxes, value RestrictedStockValueSharesIssuedNetOfTaxWithholdings $-440.00K USD 1 Quarter
Excess tax benefit of stock-based compensation AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet $114.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $10.16M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $10.74M USD 1 Quarter
Balances, shares CommonStockSharesOutstanding 49.66M shares Point-in-time
Balances, shares CommonStockSharesOutstanding 50.18M shares Point-in-time
Balances, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.32B USD Point-in-time
Balances, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.32B USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $14.21M USD 1 Quarter
Net income NetIncomeLoss $11.05M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.35M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-3.46M USD 1 Quarter
Unrealized gain (loss) on investments, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $5.00K USD 1 Quarter
Unrealized gain (loss) on investments, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-6.00K USD 1 Quarter
Interest rate swap fair value adjustment, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-2.23M USD 1 Quarter
Interest rate swap fair value adjustment, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax - USD 1 Quarter
Other OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax - USD 1 Quarter
Other OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $-4.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-890.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-3.46M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $10.16M 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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