10-Q Filing

BIO-TECHNE CORP CIK: 842023 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-010727`
Period End Date	20101231
Filing Date	20110209
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	tech-20101231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 76 Cash Flow Statement 66

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$195.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$135.88M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$160.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.14M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short-term available-for-sale investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$44.67M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Short-term available-for-sale investments	`AvailableForSaleSecuritiesDebtSecuritiesCurrent`	$58.99M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.03M	shares	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$30.85M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$28.23M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.12M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.67M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.03M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.75M	USD	Point-in-time
Other receivables	`InterestReceivableCurrent`	$1.99M	USD	Point-in-time
Other receivables	`InterestReceivableCurrent`	$1.53M	USD	Point-in-time
Inventories	`InventoryNet`	$13.74M	USD	Point-in-time
Inventories	`InventoryNet`	$13.74M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$13.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$12.12M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$976.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$958.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$201.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$253.56M	USD	Point-in-time
Available-for-sale investments	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$171.17M	USD	Point-in-time
Available-for-sale investments	`AvailableForSaleSecuritiesDebtSecuritiesNoncurrent`	$158.67M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$97.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$95.10M	USD	Point-in-time
Goodwill	`Goodwill`	$25.07M	USD	Point-in-time
Goodwill	`Goodwill`	$25.07M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.04M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.01M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.06M	USD	Point-in-time
Investments in unconsolidated entities	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$20.01M	USD	Point-in-time
Investments in unconsolidated entities	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$20.56M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$523.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$440.00K	USD	Point-in-time
Total Assets	`Assets`	$555.61M	USD	Point-in-time
Total Assets	`Assets`	$518.82M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$3.92M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$5.23M	USD	Point-in-time
Salaries, wages and related accruals	`EmployeeRelatedLiabilitiesCurrent`	$3.78M	USD	Point-in-time
Salaries, wages and related accruals	`EmployeeRelatedLiabilitiesCurrent`	$3.09M	USD	Point-in-time
Other accounts payable and accrued expenses	`AccruedLiabilitiesCurrent`	$2.44M	USD	Point-in-time
Other accounts payable and accrued expenses	`AccruedLiabilitiesCurrent`	$4.38M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.64M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.67M	USD	Point-in-time
Common stock, par value $.01 per share; authorized 100,000,000; issued and outstanding 37,119,243 and 37,033,474, respectively	`CommonStockValue`	$371.00K	USD	Point-in-time
Common stock, par value $.01 per share; authorized 100,000,000; issued and outstanding 37,119,243 and 37,033,474, respectively	`CommonStockValue`	$370.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$127.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$122.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$433.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$400.12M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.05M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-21.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$501.79M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$541.94M	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$518.82M	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$555.61M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$132.06M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$135.65M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$67.71M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$65.52M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$13.33M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$15.22M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$30.46M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$26.23M	USD	2 Qtrs
Gross margin	`GrossProfit`	$105.83M	USD	2 Qtrs
Gross margin	`GrossProfit`	$52.49M	USD	1 Quarter
Gross margin	`GrossProfit`	$52.19M	USD	1 Quarter
Gross margin	`GrossProfit`	$105.19M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.37M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.01M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$17.05M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$15.92M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$12.54M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$6.60M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$13.22M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$6.39M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$171.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$240.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$480.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$341.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$29.48M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$15.64M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$30.07M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$15.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$75.71M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$36.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$37.35M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$75.75M	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$2.32M	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$1.87M	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$1.16M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$1.02M	USD	1 Quarter
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-1.67M	USD	2 Qtrs
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-955.00K	USD	2 Qtrs
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-1.01M	USD	1 Quarter
Other non-operating expense, net	`OtherNonoperatingIncomeExpense`	$-698.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$651.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$145.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$322.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$912.00K	USD	2 Qtrs
Earnings before income taxes	`EarningsBeforeIncomeTaxes`	$76.41M	USD	2 Qtrs
Earnings before income taxes	`EarningsBeforeIncomeTaxes`	$37.67M	USD	1 Quarter
Earnings before income taxes	`EarningsBeforeIncomeTaxes`	$36.70M	USD	1 Quarter
Earnings before income taxes	`EarningsBeforeIncomeTaxes`	$76.63M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$24.91M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$11.14M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$23.72M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$11.98M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$24.72M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$51.49M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$52.91M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$26.53M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.43	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.38	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.72	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.38	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.42	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.51	USD	2 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.26	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.53	USD	2 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.09M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.07M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.25M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.25M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.35M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.35M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.13M	shares	2 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$24.72M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$51.49M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$52.91M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$26.53M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.07M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.06M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.35M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-577.00K	USD	2 Qtrs
Stock-based compensation expense	`StockOptionPlanExpense`	$850.00K	USD	2 Qtrs
Stock-based compensation expense	`StockOptionPlanExpense`	$879.00K	USD	2 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$413.00K	USD	2 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$51.00K	USD	2 Qtrs
Losses by equity method investees	`IncomeLossFromEquityMethodInvestments`	$-834.00K	USD	2 Qtrs
Losses by equity method investees	`IncomeLossFromEquityMethodInvestments`	$-547.00K	USD	2 Qtrs
Other	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$75.00K	USD	2 Qtrs
Other	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther`	$183.00K	USD	2 Qtrs
Trade accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-3.29M	USD	2 Qtrs
Trade accounts and other receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-1.16M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$234.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.07M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$194.00K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-27.00K	USD	2 Qtrs
Trade accounts and other accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-585.00K	USD	2 Qtrs
Trade accounts and other accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-842.00K	USD	2 Qtrs
Salaries, wages and related accruals	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-281.00K	USD	2 Qtrs
Salaries, wages and related accruals	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-417.00K	USD	2 Qtrs
Income taxes payable/receivable	`IncreaseAndDecreaseInIncomeTaxesReceivableAndPayable`	$-614.00K	USD	2 Qtrs
Income taxes payable/receivable	`IncreaseAndDecreaseInIncomeTaxesReceivableAndPayable`	$956.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$56.26M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$60.14M	USD	2 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.76M	USD	2 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.15M	USD	2 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$12.42M	USD	2 Qtrs
Purchase of available-for-sale investments	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$80.59M	USD	2 Qtrs
Proceeds from sales of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$1.12M	USD	2 Qtrs
Proceeds from sales of available-for-sale investments	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$55.35M	USD	2 Qtrs
Proceeds from maturities of available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$12.40M	USD	2 Qtrs
Proceeds from maturities of available-for-sale investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$24.43M	USD	2 Qtrs
Distribution from unconsolidated entity	`DistributionFromUnconsolidatedEntity`	$50.00K	USD	2 Qtrs
Distribution from unconsolidated entity	`DistributionFromUnconsolidatedEntity`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-998.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.58M	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$634.00K	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$3.43M	USD	2 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$413.00K	USD	2 Qtrs
Excess tax benefit from stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$51.00K	USD	2 Qtrs
Purchase of common stock for stock bonus plans	`PurchaseOfCommonStockForStockBonusPlans`	$294.00K	USD	2 Qtrs
Purchase of common stock for stock bonus plans	`PurchaseOfCommonStockForStockBonusPlans`	$607.00K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.94M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$19.64M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$19.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.03M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.92M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.21M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.74M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$41.74M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$34.61M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$195.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$135.88M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$160.94M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$94.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$195.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$135.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$160.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$94.14M	USD	Point-in-time

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