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10-Q Filing

BENCHMARK ELECTRONICS INC CIK: 863436 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000863436-17-000014
Period End Date 20170331
Filing Date 20170509
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance bhe-20170331.xml
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts, accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $2.84M USD Point-in-time
Allowance for doubtful accounts, accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $4.54M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $466.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $752.48M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $681.43M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $519.17M USD Point-in-time
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $408.88M USD Point-in-time
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $406.38M USD Point-in-time
Preferred shares, par value PreferredStockParOrStatedValuePerShare $0.10 USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $4,535 and $2,838, respectively AccountsReceivableNetCurrent $381.20M USD Point-in-time
Preferred shares, par value PreferredStockParOrStatedValuePerShare $0.10 USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $4,535 and $2,838, respectively AccountsReceivableNetCurrent $440.69M USD Point-in-time
Inventories, net InventoryNet $404.02M USD Point-in-time
Inventories, net InventoryNet $381.33M 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
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $34.19M USD Point-in-time
Preferred shares, issued PreferredStockSharesIssued 0.00 shares Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $28.06M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $146.00K USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $1.16M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.10 USD Point-in-time
Total current assets AssetsCurrent $1.57B USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 145.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 145.00M shares Point-in-time
Total current assets AssetsCurrent $1.53B USD Point-in-time
Property, plant and equipment, net of accumulated depreciation of $408,885 and $406,375, respectively PropertyPlantAndEquipmentNet $165.08M USD Point-in-time
Common stock, issued CommonStockSharesIssued 49.33M shares Point-in-time
Common stock, issued CommonStockSharesIssued 49.71M shares Point-in-time
Property, plant and equipment, net of accumulated depreciation of $408,885 and $406,375, respectively PropertyPlantAndEquipmentNet $166.15M USD Point-in-time
Goodwill Goodwill $191.62M USD Point-in-time
Goodwill Goodwill $191.62M USD Point-in-time
Common stock, outstanding CommonStockSharesOutstanding 49.71M shares Point-in-time
Common stock, outstanding CommonStockSharesOutstanding 49.33M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $5.30M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $6.57M USD Point-in-time
Other, net OtherAssetsNoncurrent $102.67M USD Point-in-time
Other, net OtherAssetsNoncurrent $100.72M USD Point-in-time
Total assets Assets $2.04B USD Point-in-time
Total assets Assets $2.00B USD Point-in-time
Current installments of long-term debt and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $13.87M USD Point-in-time
Current installments of long-term debt and capital lease obligations LongTermDebtAndCapitalLeaseObligationsCurrent $12.40M USD Point-in-time
Accounts payable AccountsPayableCurrent $326.25M USD Point-in-time
Accounts payable AccountsPayableCurrent $343.80M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $3.53M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $4.12M USD Point-in-time
Accrued liabilities OtherLiabilitiesCurrent $70.20M USD Point-in-time
Accrued liabilities OtherLiabilitiesCurrent $75.39M USD Point-in-time
Total current liabilities LiabilitiesCurrent $437.17M USD Point-in-time
Total current liabilities LiabilitiesCurrent $412.38M USD Point-in-time
Long-term debt and capital lease obligations, less current installments LongTermDebtAndCapitalLeaseObligations $211.25M USD Point-in-time
Long-term debt and capital lease obligations, less current installments LongTermDebtAndCapitalLeaseObligations $206.46M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $9.57M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $10.08M USD Point-in-time
Common stock, $0.10 par value; 145,000 shares authorized; issued and outstanding - 49,710 and 49,330, respectively CommonStockValue $4.97M USD Point-in-time
Common stock, $0.10 par value; 145,000 shares authorized; issued and outstanding - 49,710 and 49,330, respectively CommonStockValue $4.93M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $632.86M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $626.31M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $748.40M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $757.44M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-13.21M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-14.18M USD Point-in-time
Total shareholders' equity StockholdersEquity $1.37B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.38B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $2.04B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $2.00B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Sales SalesRevenueNet $566.50M USD 1 Quarter
Sales SalesRevenueNet $549.23M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $498.91M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $517.44M USD 1 Quarter
Gross profit GrossProfit $49.06M USD 1 Quarter
Gross profit GrossProfit $50.32M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $32.65M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $28.46M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.48M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $2.80M USD 1 Quarter
Restructuring charges and other costs RestructuringChargesAndOtherCosts $1.51M 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 $12.42M USD 1 Quarter
Interest expense InterestExpense $2.23M USD 1 Quarter
Interest expense InterestExpense $2.33M USD 1 Quarter
Interest income InvestmentIncomeInterest $1.07M USD 1 Quarter
Interest income InvestmentIncomeInterest $264.00K USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-81.00K USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-223.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $11.19M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $13.97M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $2.92M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.50M USD 1 Quarter
Net income NetIncomeLoss $11.05M USD 1 Quarter
Net income NetIncomeLoss $9.69M USD 1 Quarter
Basic EarningsPerShareBasic $0.22 USD 1 Quarter
Basic EarningsPerShareBasic $0.20 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.22 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.19 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 49.51M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 49.85M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 50.08M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 50.29M shares 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $11.05M USD 1 Quarter
Net income NetIncomeLoss $9.69M USD 1 Quarter
Depreciation Depreciation $10.62M USD 1 Quarter
Depreciation Depreciation $9.32M USD 1 Quarter
Amortization AdjustmentForAmortization $2.95M USD 1 Quarter
Amortization AdjustmentForAmortization $3.29M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $1.04M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $633.00K USD 1 Quarter
Asset impairments AssetImpairmentCharges $121.00K USD 1 Quarter
Asset impairments AssetImpairmentCharges - USD 1 Quarter
Gain on the sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $197.00K USD 1 Quarter
Gain on the sale of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $93.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.11M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.16M USD 1 Quarter
Excess tax benefit from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $149.00K USD 1 Quarter
Excess tax benefit from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities - USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-59.69M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-65.38M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-22.76M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $22.51M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.33M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.40M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $16.23M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayableTrade $-31.94M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-1.50M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $5.26M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $201.00K USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-384.00K USD 1 Quarter
Net cash provided by operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $77.08M USD 1 Quarter
Net cash provided by operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $77.91M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.70M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $7.01M 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 $217.00K USD 1 Quarter
Additions to purchased software PaymentsForSoftware $566.00K USD 1 Quarter
Additions to purchased software PaymentsForSoftware $137.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-62.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $108.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-7.64M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-7.47M USD 1 Quarter
Proceeds from stock options exercised ProceedsFromStockOptionsExercised $5.14M USD 1 Quarter
Proceeds from stock options exercised ProceedsFromStockOptionsExercised $763.00K USD 1 Quarter
Shares withheld for taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $358.00K USD 1 Quarter
Shares withheld for taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $568.00K USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $149.00K 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 $3.08M USD 1 Quarter
Share repurchases PaymentsForRepurchaseOfCommonStock $14.21M USD 1 Quarter
Share repurchases PaymentsForRepurchaseOfCommonStock $1.00M USD 1 Quarter
Debt issuance costs PaymentsOfFinancingCosts - USD 1 Quarter
Debt issuance costs PaymentsOfFinancingCosts $434.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $267.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-16.94M USD 1 Quarter
Effect of exchange rate changes EffectOfExchangeRateOnCashAndCashEquivalents $675.00K USD 1 Quarter
Effect of exchange rate changes EffectOfExchangeRateOnCashAndCashEquivalents $341.00K USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $71.04M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $53.17M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $466.00M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $752.48M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $681.43M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $519.17M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $752.48M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $681.43M 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 $519.17M USD Point-in-time
Stockholders Equity 21 line items
Line Item Tag Value Unit Period
Balances, shares CommonStockSharesOutstanding 49.33M shares Point-in-time
Balances, shares CommonStockSharesOutstanding 49.71M shares Point-in-time
Balances, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.38B USD Point-in-time
Balances, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.37B USD Point-in-time
Stock-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.16M USD 1 Quarter
Shares repurchased and retired, shares StockRepurchasedAndRetiredDuringPeriodShares 31,000.00 shares 1 Quarter
Shares repurchased and retired, value StockRepurchasedAndRetiredDuringPeriodValue $1.00M USD 1 Quarter
Stock options exercised, shares StockIssuedDuringPeriodSharesStockOptionsExercised 256,000.00 shares 1 Quarter
Stock options exercised, value StockIssuedDuringPeriodValueStockOptionsExercised $5.14M USD 1 Quarter
Vesting of restricted stock units, shares StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures 166,000.00 shares 1 Quarter
Vesting of restricted stock units, value StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures - USD 1 Quarter
Shares withheld for taxes, shares RestrictedStockSharesIssuedNetOfSharesForTaxWithholdings 11,000.00 shares 1 Quarter
Shares withheld for taxes, value RestrictedStockValueSharesIssuedNetOfTaxWithholdings $-358.00K USD 1 Quarter
Net income NetIncomeLoss $11.05M USD 1 Quarter
Net income NetIncomeLoss $9.69M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-890.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $964.00K USD 1 Quarter
Balances, shares CommonStockSharesOutstanding 49.33M shares Point-in-time
Balances, shares CommonStockSharesOutstanding 49.71M shares Point-in-time
Balances, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.38B USD Point-in-time
Balances, value StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.37B USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $11.05M USD 1 Quarter
Net income NetIncomeLoss $9.69M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $608.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $1.35M USD 1 Quarter
Unrealized gain (loss) on investments, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $4.00K USD 1 Quarter
Unrealized gain (loss) on investments, net of tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-6.00K USD 1 Quarter
Unrealized gain (loss) on derivative, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $365.00K USD 1 Quarter
Unrealized gain (loss) on derivative, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-2.23M USD 1 Quarter
Other OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax - USD 1 Quarter
Other OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $-13.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-890.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $964.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $10.65M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $10.16M USD 1 Quarter

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

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