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10-Q Filing

PULSE ELECTRONICS CORP CIK: 96763 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0001140361-12-023696
Period End Date 20120331
Filing Date 20120508
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance puls-20120330.xml
Balance Sheet 56 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $21.15M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $29.20M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.61M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $35.91M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $68.43M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $59.51M USD Point-in-time
Inventory, net InventoryNet $36.97M USD Point-in-time
Inventory, net InventoryNet $34.47M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssets $19.84M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssets $22.52M USD Point-in-time
Total current assets AssetsCurrent $133.92M USD Point-in-time
Total current assets AssetsCurrent $146.56M USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $97.45M USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $93.98M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $68.84M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $63.80M USD Point-in-time
Net property, plant and equipment PropertyPlantAndEquipmentNet $28.61M USD Point-in-time
Net property, plant and equipment PropertyPlantAndEquipmentNet $30.18M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $3.31M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $3.22M USD Point-in-time
Intangibles assets, net IntangibleAssetsNetExcludingGoodwill $3.42M USD Point-in-time
Intangibles assets, net IntangibleAssetsNetExcludingGoodwill $3.54M USD Point-in-time
Other assets OtherAssets $3.56M USD Point-in-time
Other assets OtherAssets $4.15M USD Point-in-time
Total assets Assets $173.44M USD Point-in-time
Total assets Assets $187.02M USD Point-in-time
Accounts payable AccountsPayableCurrent $52.80M USD Point-in-time
Accounts payable AccountsPayableCurrent $55.27M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $42.85M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $47.31M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent - USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $54.95M USD Point-in-time
Total current liabilities LiabilitiesCurrent $157.53M USD Point-in-time
Total current liabilities LiabilitiesCurrent $95.66M USD Point-in-time
Long-term debt LongTermDebtNoncurrent - USD Point-in-time
Long-term debt LongTermDebtNoncurrent $43.95M USD Point-in-time
Convertible senior notes ConvertibleLongTermNotesPayable $50.00M USD Point-in-time
Convertible senior notes ConvertibleLongTermNotesPayable $50.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $8.67M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $8.65M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $10.60M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $13.00M USD Point-in-time
Common stock and additional paid-in capital CommonStockIncludingAdditionalPaidInCapital $218.79M USD Point-in-time
Common stock and additional paid-in capital CommonStockIncludingAdditionalPaidInCapital $221.54M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-290.15M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-286.05M USD Point-in-time
Accumulated other comprehensive earnings AccumulatedOtherComprehensiveIncomeLossNetOfTax $21.98M USD Point-in-time
Accumulated other comprehensive earnings AccumulatedOtherComprehensiveIncomeLossNetOfTax $21.57M USD Point-in-time
Total Pulse Electronics Corporation shareholders' deficit StockholdersEquity $-47.04M USD Point-in-time
Total Pulse Electronics Corporation shareholders' deficit StockholdersEquity $-45.27M USD Point-in-time
Non-controlling interest MinorityInterest $7.45M USD Point-in-time
Non-controlling interest MinorityInterest $7.26M USD Point-in-time
Total shareholders' deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-37.82M USD Point-in-time
Total shareholders' deficit StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-39.78M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $187.02M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $173.44M USD Point-in-time
Income Statement 52 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $94.14M USD 1 Quarter
Net sales SalesRevenueNet $88.04M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $75.74M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $69.61M USD 1 Quarter
Gross profit GrossProfit $18.40M USD 1 Quarter
Gross profit GrossProfit $18.42M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $21.54M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $18.99M USD 1 Quarter
Severance, impairment and other associated costs RestructuringSettlementAndImpairmentProvisions $6.76M USD 1 Quarter
Severance, impairment and other associated costs RestructuringSettlementAndImpairmentProvisions $1.54M USD 1 Quarter
Cost related to unsolicited takeover attempt CostRelatedToUnsolicitedTakeoverAttempt $430.00K USD 1 Quarter
Cost related to unsolicited takeover attempt CostRelatedToUnsolicitedTakeoverAttempt - USD 1 Quarter
Operating loss OperatingIncomeLoss $-2.13M USD 1 Quarter
Operating loss OperatingIncomeLoss $-10.30M USD 1 Quarter
Interest expense, net InterestExpense $-1.29M USD 1 Quarter
Interest expense, net InterestExpense $-2.59M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $1.54M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $1.08M USD 1 Quarter
Total other (expense) income TotalOtherExpenseIncome $-1.51M USD 1 Quarter
Total other (expense) income TotalOtherExpenseIncome $249.00K USD 1 Quarter
Loss from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-10.05M USD 1 Quarter
Loss from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-3.65M USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $657.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $-5.07M USD 1 Quarter
Net loss from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-4.99M USD 1 Quarter
Net loss from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $-4.30M USD 1 Quarter
Net earnings from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Net earnings from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $612.00K USD 1 Quarter
Net loss ProfitLoss $-4.30M USD 1 Quarter
Net loss ProfitLoss $-4.38M USD 1 Quarter
Less: Net (loss) earnings attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $48.00K USD 1 Quarter
Less: Net (loss) earnings attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-197.00K USD 1 Quarter
Net loss attributable to Pulse Electronics Corporation NetIncomeLoss $-4.42M USD 1 Quarter
Net loss attributable to Pulse Electronics Corporation NetIncomeLoss $-4.11M USD 1 Quarter
Net loss from continuing operations IncomeLossFromContinuingOperations $-5.04M USD 1 Quarter
Net loss from continuing operations IncomeLossFromContinuingOperations $-4.11M USD 1 Quarter
Net earnings from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $612.00K USD 1 Quarter
Net earnings from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Net loss attributable to Pulse Electronics Corporation NetIncomeLoss $-4.11M USD 1 Quarter
Net loss attributable to Pulse Electronics Corporation NetIncomeLoss $-4.42M USD 1 Quarter
Net loss from continuing operations IncomeLossFromContinuingOperationsPerBasicShare $-0.12 USD 1 Quarter
Net loss from continuing operations IncomeLossFromContinuingOperationsPerBasicShare $-0.10 USD 1 Quarter
Net earnings from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.01 USD 1 Quarter
Net earnings from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
Net loss attributable to Pulse Electronics Corporation EarningsPerShareBasic $-0.11 USD 1 Quarter
Net loss attributable to Pulse Electronics Corporation EarningsPerShareBasic $-0.10 USD 1 Quarter
Net loss from continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $-0.12 USD 1 Quarter
Net loss from continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $-0.10 USD 1 Quarter
Net earnings from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
Net earnings from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.01 USD 1 Quarter
Net loss attributable to Pulse Electronics Corporation EarningsPerShareDiluted $-0.11 USD 1 Quarter
Net loss attributable to Pulse Electronics Corporation EarningsPerShareDiluted $-0.10 USD 1 Quarter
Cash Flow Statement 58 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-4.30M USD 1 Quarter
Net loss ProfitLoss $-4.38M USD 1 Quarter
Earnings from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTax - USD 1 Quarter
Earnings from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTax $612.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.94M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.60M USD 1 Quarter
Amortization and write-off of deferred loan costs AmortizationAndWriteOffOfDeferredLoanCosts $238.00K USD 1 Quarter
Amortization and write-off of deferred loan costs AmortizationAndWriteOffOfDeferredLoanCosts $929.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $8.73M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-10.91M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-2.60M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-501.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-202.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-117.00K USD 1 Quarter
Accounts payable and accrued expenses ChangeInAccountsPayable $-16.09M USD 1 Quarter
Accounts payable and accrued expenses ChangeInAccountsPayable $-403.00K USD 1 Quarter
Severance, impairment and other associated costs, net of cash payments (excluding goodwill and intangible asset impairments) RestructuringCostsAndAssetImpairmentCharges $4.52M USD 1 Quarter
Severance, impairment and other associated costs, net of cash payments (excluding goodwill and intangible asset impairments) RestructuringCostsAndAssetImpairmentCharges - USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-85.00K USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $243.00K USD 1 Quarter
Net cash used in operating activities CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $-2.28M USD 1 Quarter
Net cash used in operating activities CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $-7.52M USD 1 Quarter
Cash received from dispositions, net ProceedsFromDivestitureOfBusinesses $1.08M USD 1 Quarter
Cash received from dispositions, net ProceedsFromDivestitureOfBusinesses - USD 1 Quarter
Deposits received from pending divestitures DepositsReceivedFromPendingDivestitures $5.10M USD 1 Quarter
Deposits received from pending divestitures DepositsReceivedFromPendingDivestitures - USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $1.92M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $3.49M USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $40.00K USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $531.00K USD 1 Quarter
Foreign currency impact on intercompany lending ForeignCurrencyImpactOnIntercompanyLending $-870.00K USD 1 Quarter
Foreign currency impact on intercompany lending ForeignCurrencyImpactOnIntercompanyLending $880.00K USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $75.00K USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $1.27M USD 1 Quarter
Credit facility borrowings ProceedsFromIssuanceOfLongTermDebt $11.00M USD 1 Quarter
Credit facility borrowings ProceedsFromIssuanceOfLongTermDebt $10.00M USD 1 Quarter
Principal payments on credit facility PrincipalPaymentsOnCreditFacility - USD 1 Quarter
Principal payments on credit facility PrincipalPaymentsOnCreditFacility $-10.00M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $1.25M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Purchases of shares in non-controlling interest PurchasesOfSharesInNonControllingInterest $3.43M USD 1 Quarter
Purchases of shares in non-controlling interest PurchasesOfSharesInNonControllingInterest - USD 1 Quarter
Dividends paid PaymentsOfDividends - USD 1 Quarter
Dividends paid PaymentsOfDividends $1.04M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-4.47M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $9.74M USD 1 Quarter
Net effect of exchange rate changes on cash: EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-30.00K USD 1 Quarter
Net effect of exchange rate changes on cash: EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $46.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $3.54M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-6.70M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $21.15M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $29.20M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $17.61M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $35.91M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $17.61M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $21.15M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $29.20M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $35.91M USD Point-in-time
Stockholders Equity 9 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-37.82M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-39.78M USD Point-in-time
Stock options, awards, and related compensation StockIssuedDuringPeriodValueShareBasedCompensation $733.00K USD 1 Quarter
Warrants issued in connection with credit facility AdjustmentsToAdditionalPaidInCapitalWarrantIssued $2.01M USD 1 Quarter
Net loss ProfitLoss $-4.30M USD 1 Quarter
Net loss ProfitLoss $-4.38M USD 1 Quarter
Currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $-402.00K USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-37.82M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-39.78M USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-4.30M USD 1 Quarter
Net loss ProfitLoss $-4.38M USD 1 Quarter
Currency Translation Adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-402.00K USD 1 Quarter
Currency Translation Adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $743.00K USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTax $-4.71M USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTax $-3.63M USD 1 Quarter
Comprehensive loss attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $48.00K USD 1 Quarter
Comprehensive loss attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-197.00K USD 1 Quarter
Comprehensive income attributable to Pulse Electronics Corporation ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-4.51M USD 1 Quarter
Comprehensive income attributable to Pulse Electronics Corporation ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-3.68M USD 1 Quarter

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

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