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10-Q Filing

SUNATION ENERGY, INC. CIK: 22701 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0000897101-12-000756
Period End Date 20120331
Filing Date 20120510
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance jcs-20120331.xml
Filing Contents
Balance Sheet 88 line items
Line Item Tag Value Unit Period
Trade accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $206.00K USD Point-in-time
Trade accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $175.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $16.79M 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $19.48M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $22.52M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $15.63M USD Point-in-time
Investments ShortTermInvestments $18.31M USD Point-in-time
Investments ShortTermInvestments $18.64M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 3.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 3.00M shares Point-in-time
Trade accounts receivable, less allowance for doubtful accounts of $206,000 and $175,000, respectively AccountsReceivableNetCurrent $14.46M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Trade accounts receivable, less allowance for doubtful accounts of $206,000 and $175,000, respectively AccountsReceivableNetCurrent $14.35M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.05 USD Point-in-time
Inventories InventoryNet $25.99M USD Point-in-time
Inventories InventoryNet $27.11M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.05 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 30.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 30.00M shares Point-in-time
Prepaid income taxes PrepaidTaxes $3.97M USD Point-in-time
Prepaid income taxes PrepaidTaxes $3.89M USD Point-in-time
Other current assets OtherAssetsCurrent $878.08K USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 8.51M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 8.47M shares Point-in-time
Other current assets OtherAssetsCurrent $999.86K USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $3.42M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 8.47M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 8.51M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $3.46M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $87.51M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $89.95M USD Point-in-time
PROPERTY, PLANT AND EQUIPMENT, net PropertyPlantAndEquipmentNet $14.02M USD Point-in-time
PROPERTY, PLANT AND EQUIPMENT, net PropertyPlantAndEquipmentNet $14.10M USD Point-in-time
Investments LongTermInvestments $2.87M USD Point-in-time
Investments LongTermInvestments $4.88M USD Point-in-time
Goodwill Goodwill $5.99M USD Point-in-time
Goodwill Goodwill $5.99M USD Point-in-time
Prepaid pensions PrepaidPensionCosts $1.07M USD Point-in-time
Prepaid pensions PrepaidPensionCosts $905.55K USD Point-in-time
Other assets OtherAssetsMiscellaneousNoncurrent $913.87K USD Point-in-time
Other assets OtherAssetsMiscellaneousNoncurrent $904.50K USD Point-in-time
TOTAL OTHER ASSETS OtherAssetsNoncurrent $12.69M USD Point-in-time
TOTAL OTHER ASSETS OtherAssetsNoncurrent $10.84M USD Point-in-time
TOTAL ASSETS Assets $112.45M USD Point-in-time
TOTAL ASSETS Assets $116.66M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $427.35K USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $465.32K USD Point-in-time
Accounts payable AccountsPayableCurrent $4.40M USD Point-in-time
Accounts payable AccountsPayableCurrent $4.43M USD Point-in-time
Accrued compensation and benefits EmployeeRelatedLiabilitiesCurrent $5.87M USD Point-in-time
Accrued compensation and benefits EmployeeRelatedLiabilitiesCurrent $2.18M USD Point-in-time
Accrued consideration AccruedConsideration $994.86K USD Point-in-time
Accrued consideration AccruedConsideration $1.00M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $2.13M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $2.39M USD Point-in-time
Dividends payable DividendsPayableCurrent $1.40M USD Point-in-time
Dividends payable DividendsPayableCurrent $1.30M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $15.39M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $11.60M USD Point-in-time
Long-term compensation plans LongTermCompensationPlans $283.07K USD Point-in-time
Long-term compensation plans LongTermCompensationPlans $327.96K USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $413.96K USD Point-in-time
Income taxes payable AccruedIncomeTaxesNoncurrent $405.67K USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.50M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.48M USD Point-in-time
Long term debt - mortgage payable SecuredLongTermDebt $1.57M USD Point-in-time
Long term debt - mortgage payable SecuredLongTermDebt $1.43M USD Point-in-time
TOTAL LONG-TERM LIABILITIES LiabilitiesNoncurrent $3.67M USD Point-in-time
TOTAL LONG-TERM LIABILITIES LiabilitiesNoncurrent $3.74M USD Point-in-time
COMMITMENTS AND CONTINGENCIES (Footnote 7) CommitmentsAndContingencies - USD Point-in-time
COMMITMENTS AND CONTINGENCIES (Footnote 7) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, par value $1.00 per share; 3,000,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Preferred stock, par value $1.00 per share; 3,000,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Common stock, par value $.05 per share; 30,000,000 shares authorized; 8,506,734 and 8,466,774 shares issued and outstanding, respectively CommonStockValue $425.34K USD Point-in-time
Common stock, par value $.05 per share; 30,000,000 shares authorized; 8,506,734 and 8,466,774 shares issued and outstanding, respectively CommonStockValue $423.34K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $36.20M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $35.53M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $61.47M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $60.15M USD Point-in-time
Accumulated other comprehensive income, net of tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $393.57K USD Point-in-time
Accumulated other comprehensive income, net of tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $107.61K USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $97.17M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $97.53M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $116.66M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $112.45M USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Sales from operations SalesRevenueNet $24.24M USD 1 Quarter
Sales from operations SalesRevenueNet $31.02M USD 1 Quarter
Cost of sales CostOfRevenue $14.30M USD 1 Quarter
Cost of sales CostOfRevenue $17.69M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $9.19M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $9.82M USD 1 Quarter
Total costs and expenses CostsAndExpenses $26.88M USD 1 Quarter
Total costs and expenses CostsAndExpenses $24.11M USD 1 Quarter
Operating income OperatingIncomeLoss $130.45K USD 1 Quarter
Operating income OperatingIncomeLoss $4.14M USD 1 Quarter
Investment and other income (loss) InvestmentIncomeInterestAndDividend $79.42K USD 1 Quarter
Investment and other income (loss) InvestmentIncomeInterestAndDividend $-20.70K USD 1 Quarter
Gain (loss) on sale of assets GainLossOnDispositionOfAssets $20.57K USD 1 Quarter
Gain (loss) on sale of assets GainLossOnDispositionOfAssets $-12.22K USD 1 Quarter
Interest and other expense InterestExpenseOther $48.04K USD 1 Quarter
Interest and other expense InterestExpenseOther $36.76K USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $-36.88K USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $19.16K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $93.56K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $4.16M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $1.60M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $38.48K USD 1 Quarter
Net income NetIncomeLoss $55.08K USD 1 Quarter
Net income NetIncomeLoss $2.56M USD 1 Quarter
Additional minimum pension liability adjustments OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax $-135.89K USD 1 Quarter
Additional minimum pension liability adjustments OtherComprehensiveIncomeMinimumPensionLiabilityNetAdjustmentNetOfTax $9.22K USD 1 Quarter
Unrealized gains (losses) on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-15.33K USD 1 Quarter
Unrealized gains (losses) on available-for-sale securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $12.05K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $138.02K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $68.06K USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $43.51K USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $285.96K USD 1 Quarter
Comprehensive net income ComprehensiveIncomeNetOfTax $341.04K USD 1 Quarter
Comprehensive net income ComprehensiveIncomeNetOfTax $2.60M USD 1 Quarter
Basic net income per share: EarningsPerShareBasic $0.01 USD 1 Quarter
Basic net income per share: EarningsPerShareBasic $0.30 USD 1 Quarter
Diluted net income per share: EarningsPerShareDiluted $0.30 USD 1 Quarter
Diluted net income per share: EarningsPerShareDiluted $0.01 USD 1 Quarter
Average Basic Shares Outstanding WeightedAverageNumberOfSharesOutstandingBasic 8.47M shares 1 Quarter
Average Basic Shares Outstanding WeightedAverageNumberOfSharesOutstandingBasic 8.43M shares 1 Quarter
Average Dilutive Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding 8.51M shares 1 Quarter
Average Dilutive Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding 8.47M shares 1 Quarter
Dividends per share CommonStockDividendsPerShareDeclared $0.15 USD 1 Quarter
Dividends per share CommonStockDividendsPerShareDeclared $0.16 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $55.08K USD 1 Quarter
Net income NetIncomeLoss $2.56M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $584.69K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $499.22K USD 1 Quarter
Share-based compensation ShareBasedCompensation $111.04K USD 1 Quarter
Share-based compensation ShareBasedCompensation $80.17K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $142.88K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $55.53K USD 1 Quarter
(Gain) loss on sale of assets GainLossOnDispositionOfAssets $20.57K USD 1 Quarter
(Gain) loss on sale of assets GainLossOnDispositionOfAssets $-12.22K USD 1 Quarter
Excess tax benefit from stock based payments ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $7.28K USD 1 Quarter
Trade receivables IncreaseDecreaseInAccountsReceivable $-148.11K USD 1 Quarter
Trade receivables IncreaseDecreaseInAccountsReceivable $1.85M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $482.03K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $1.08M USD 1 Quarter
Prepaid income taxes IncreaseDecreaseInPrepaidTaxes $76.84K USD 1 Quarter
Prepaid income taxes IncreaseDecreaseInPrepaidTaxes $-296.59K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-132.16K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $681.74K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $9.45K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-254.58K USD 1 Quarter
Accrued compensation and benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-3.14M USD 1 Quarter
Accrued compensation and benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-723.60K USD 1 Quarter
Other accrued expenses IncreaseDecreaseInOtherAccruedLiabilities $-115.35K USD 1 Quarter
Other accrued expenses IncreaseDecreaseInOtherAccruedLiabilities $-235.70K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $8.29K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $887.61K USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $358.67K USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-3.45M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $443.60K USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $681.10K USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $7.13M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $2.01M USD 1 Quarter
Acquisition of business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $43.64K USD 1 Quarter
Proceeds from the sale of fixed assets ProceedsFromSaleOfProductiveAssets $74.37K USD 1 Quarter
Proceeds from the sale of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $4.36M USD 1 Quarter
Proceeds from the sale of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $7.35M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-219.35K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $1.70M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $1.27M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $1.26M USD 1 Quarter
Mortgage principal payments RepaymentsOfSecuredDebt $97.27K USD 1 Quarter
Mortgage principal payments RepaymentsOfSecuredDebt $104.12K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $45.51K USD 1 Quarter
Proceeds from issuance of common stock ProceedsFromIssuanceOfCommonStock $54.41K USD 1 Quarter
Excess tax benefit from stock based payments ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $7.28K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.32M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-1.31M USD 1 Quarter
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH EffectOfExchangeRateOnCashAndCashEquivalents $25.58K USD 1 Quarter
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH EffectOfExchangeRateOnCashAndCashEquivalents $6.20K USD 1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-1.16M USD 1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-3.04M USD 1 Quarter
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $16.79M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $19.48M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $22.52M USD Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $15.63M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $16.79M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $19.48M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $22.52M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $15.63M USD Point-in-time
Income taxes paid IncomeTaxesPaidNet $275.52K USD 1 Quarter
Income taxes paid IncomeTaxesPaidNet $62.93K USD 1 Quarter
Interest paid InterestPaid $46.29K USD 1 Quarter
Interest paid InterestPaid $35.82K USD 1 Quarter
Dividends declared not paid DividendsPayableAmount $1.36M USD Point-in-time
Dividends declared not paid DividendsPayableAmount $1.26M USD Point-in-time
Stockholders Equity 13 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $97.17M USD Point-in-time
Balance StockholdersEquity $97.53M USD Point-in-time
Net income NetIncomeLoss $55.08K USD 1 Quarter
Net income NetIncomeLoss $2.56M USD 1 Quarter
Issuance of common stock under Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $45.57K USD 1 Quarter
Issuance of common stock to Employee Stock Ownership Plan StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan $508.20K USD 1 Quarter
Issuance of common stock under Executive Stock Plan StockIssuedDuringPeriodValueShareBasedCompensation $8.84K USD 1 Quarter
Share based compensation AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationEmployeeStockPurchaseProgramRequisiteServicePeriodRecognition $111.04K USD 1 Quarter
Shareholder dividends Dividends $1.37M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $43.51K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $285.96K USD 1 Quarter
Balance StockholdersEquity $97.17M USD Point-in-time
Balance StockholdersEquity $97.53M USD Point-in-time

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

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