10-Q Filing

INNODATA INC CIK: 903651 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-026353`
Period End Date	20120331
Filing Date	20120504
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	inod-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 33 Cash Flow Statement 47 Stockholders Equity 21 Comprehensive Income 2

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Serial preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Serial preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Serial preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Serial preferred stock, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.12M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.39M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Short term investments - other	`OtherShortTermInvestments`	$4.80M	USD	Point-in-time
Short term investments - other	`OtherShortTermInvestments`	$5.83M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$21.71M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$19.08M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.31M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.24M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.98M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.77M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.52M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.93M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.55M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.47M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.55M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$43.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$46.10M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.43M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.79M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.86M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.56M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.89M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.69M	USD	Point-in-time
Goodwill	`Goodwill`	$675.00K	USD	Point-in-time
Goodwill	`Goodwill`	$675.00K	USD	Point-in-time
Total assets	`Assets`	$63.12M	USD	Point-in-time
Total assets	`Assets`	$59.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.53M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.51M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$4.34M	USD	Point-in-time
Accrued salaries, wages and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$6.60M	USD	Point-in-time
Accrued salaries, wages and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$6.58M	USD	Point-in-time
Income and other taxes	`TaxesPayableCurrent`	$2.58M	USD	Point-in-time
Income and other taxes	`TaxesPayableCurrent`	$2.85M	USD	Point-in-time
Current portion of long term obligations	`LongTermDebtCurrent`	$639.00K	USD	Point-in-time
Current portion of long term obligations	`LongTermDebtCurrent`	$587.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$10.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$9.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.69M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$153.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$153.00K	USD	Point-in-time
Long term obligations	`LongTermDebtNoncurrent`	$3.08M	USD	Point-in-time
Long term obligations	`LongTermDebtNoncurrent`	$2.94M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Non-controlling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$-1.18M	USD	Point-in-time
Non-controlling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$-561.00K	USD	Point-in-time
Serial preferred stock; 5,000,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Serial preferred stock; 5,000,000 shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value; 75,000,000 shares authorized; 26,313,000 shares issued and 24,767,000 outstanding at March 31, 2012 and 26,237,000 shares issued and 24,691,000 outstanding at December 31, 2011	`CommonStockValue`	$262.00K	USD	Point-in-time
Common stock, $.01 par value; 75,000,000 shares authorized; 26,313,000 shares issued and 24,767,000 outstanding at March 31, 2012 and 26,237,000 shares issued and 24,691,000 outstanding at December 31, 2011	`CommonStockValue`	$263.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-326.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.03M	USD	Point-in-time
Stockholders' Equity before Treasury Stock, Total	`StockholdersEquityBeforeTreasuryStock`	$50.13M	USD	Point-in-time
Stockholders' Equity before Treasury Stock, Total	`StockholdersEquityBeforeTreasuryStock`	$45.46M	USD	Point-in-time
Less: treasury stock, 1,546,000 shares at cost	`TreasuryStockValue`	$4.29M	USD	Point-in-time
Less: treasury stock, 1,546,000 shares at cost	`TreasuryStockValue`	$4.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$45.84M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$41.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$39.45M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$39.44M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$59.40M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$63.12M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$14.70M	USD	1 Quarter
Revenues	`Revenues`	$25.14M	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$10.67M	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$16.11M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.05M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.40M	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$109.00K	USD	1 Quarter
Interest income, net	`InterestIncomeExpenseNet`	$91.00K	USD	1 Quarter
Totals	`CostsAndExpenses`	$14.62M	USD	1 Quarter
Totals	`CostsAndExpenses`	$21.41M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.72M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$84.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$69.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$908.00K	USD	1 Quarter
Net income	`ProfitLoss`	$2.81M	USD	1 Quarter
Net income	`ProfitLoss`	$15.00K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-618.00K	USD	1 Quarter
Net income attributable to Innodata Isogen, Inc. and Subsidiaries	`NetIncomeLoss`	$3.43M	USD	1 Quarter
Net income attributable to Innodata Isogen, Inc. and Subsidiaries	`NetIncomeLoss`	$15.00K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	24.46M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	25.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.41M	shares	1 Quarter
Net income attributable to Innodata Isogen, Inc. and Subsidiaries	`NetIncomeLoss`	$3.43M	USD	1 Quarter
Net income attributable to Innodata Isogen, Inc. and Subsidiaries	`NetIncomeLoss`	$15.00K	USD	1 Quarter
Pension liability adjustment, net of taxes	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	$8.00K	USD	1 Quarter
Pension liability adjustment, net of taxes	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	$9.00K	USD	1 Quarter
Change in fair value of derivatives, net of taxes of $407 and $(40) for the three months ended March 31, 2012 and 2011, respectively	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease`	$693.00K	USD	1 Quarter
Change in fair value of derivatives, net of taxes of $407 and $(40) for the three months ended March 31, 2012 and 2011, respectively	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease`	$-86.00K	USD	1 Quarter
Comprehensive income (loss) attributable to Innodata Isogen, Inc. and Subsidiaries	`ComprehensiveIncomeNetOfTax`	$4.13M	USD	1 Quarter
Comprehensive income (loss) attributable to Innodata Isogen, Inc. and Subsidiaries	`ComprehensiveIncomeNetOfTax`	$-62.00K	USD	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.81M	USD	1 Quarter
Net income	`ProfitLoss`	$15.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$925.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$800.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$279.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$74.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$256.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-442.00K	USD	1 Quarter
Pension cost	`PensionExpense`	$140.00K	USD	1 Quarter
Pension cost	`PensionExpense`	$159.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.62M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-385.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-356.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-463.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$35.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$481.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$434.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-124.00K	USD	1 Quarter
Accrued salaries, wages and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-18.00K	USD	1 Quarter
Accrued salaries, wages and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-62.00K	USD	1 Quarter
Income and other taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$67.00K	USD	1 Quarter
Income and other taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$272.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.17M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.73M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$519.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.10M	USD	1 Quarter
Sale (purchase) of investments - other	`PaymentsForProceedsFromOtherInvestingActivities`	$346.00K	USD	1 Quarter
Sale (purchase) of investments - other	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.02M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.08M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-865.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$260.00K	USD	1 Quarter
Payment of long term obligations	`RepaymentsOfLongTermDebt`	$50.00K	USD	1 Quarter
Payment of long term obligations	`RepaymentsOfLongTermDebt`	$70.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$190.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-50.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$259.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.83M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.38M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.12M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.38M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.12M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.39M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$369.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$283.00K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	24.69M	shares	Point-in-time
Beginning Balance (in shares)	`CommonStockSharesOutstanding`	24.77M	shares	Point-in-time
Beginning Balance	`StockholdersEquity`	$45.84M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$41.17M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$39.45M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$39.44M	USD	Point-in-time
Net income	`NetIncomeLoss`	$3.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.00K	USD	1 Quarter
Stock-based compensation	`StockBasedCompensation`	$74.00K	USD	1 Quarter
Stock-based compensation	`StockBasedCompensation`	$279.00K	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$260.00K	USD	1 Quarter
Pension liability adjustments, net of taxes	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	$8.00K	USD	1 Quarter
Pension liability adjustments, net of taxes	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease`	$9.00K	USD	1 Quarter
Change in fair value of derivatives, net of taxes	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease`	$693.00K	USD	1 Quarter
Change in fair value of derivatives, net of taxes	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease`	$-86.00K	USD	1 Quarter
Ending Balance (in shares)	`CommonStockSharesOutstanding`	24.69M	shares	Point-in-time
Ending Balance (in shares)	`CommonStockSharesOutstanding`	24.77M	shares	Point-in-time
Ending Balance	`StockholdersEquity`	$45.84M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$41.17M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$39.45M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$39.44M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Change in fair value of derivatives, taxes	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxEffectPeriodIncreaseDecrease`	$-40.00K	USD	1 Quarter
Change in fair value of derivatives, taxes	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxEffectPeriodIncreaseDecrease`	$407.00K	USD	1 Quarter

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