10-Q Filing

INNODATA INC CIK: 903651 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-026543`
Period End Date	20130331
Filing Date	20130506
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	inod-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 38 Cash Flow Statement 50 Stockholders Equity 21

Balance Sheet 82 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time
Serial preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Serial preferred stock, outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.43M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short term investments - other	`OtherShortTermInvestments`	$3.59M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Short term investments - other	`OtherShortTermInvestments`	$3.09M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.24M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.32M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.51M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.44M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.57M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.56M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.24M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.89M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.96M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$46.50M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.55M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.55M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$44.79M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$10.66M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.53M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.50M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.36M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$5.62M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$4.85M	USD	Point-in-time
Goodwill	`Goodwill`	$675.00K	USD	Point-in-time
Goodwill	`Goodwill`	$675.00K	USD	Point-in-time
Total assets	`Assets`	$65.98M	USD	Point-in-time
Total assets	`Assets`	$66.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.62M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.21M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.48M	USD	Point-in-time
Accrued salaries, wages and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$5.57M	USD	Point-in-time
Accrued salaries, wages and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$6.58M	USD	Point-in-time
Income and other taxes	`TaxesPayableCurrent`	$2.15M	USD	Point-in-time
Income and other taxes	`TaxesPayableCurrent`	$2.23M	USD	Point-in-time
Current portion of long term obligations	`LongTermDebtCurrent`	$818.00K	USD	Point-in-time
Current portion of long term obligations	`LongTermDebtCurrent`	$643.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$57.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$41.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.77M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$186.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$182.00K	USD	Point-in-time
Long term obligations	`LongTermDebtNoncurrent`	$3.37M	USD	Point-in-time
Long term obligations	`LongTermDebtNoncurrent`	$3.62M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Non-controlling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$-1.43M	USD	Point-in-time
Non-controlling interests	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$-1.60M	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; 26,512,000 shares issued and 24,965,000 outstanding at March 31, 2013 and 26,439,000 shares issued and 24,892,000 outstanding at December 31, 2012	`CommonStockValue`	$264.00K	USD	Point-in-time
Common stock, $.01 par value; 75,000,000 shares authorized; 26,512,000 shares issued and 24,965,000 outstanding at March 31, 2013 and 26,439,000 shares issued and 24,892,000 outstanding at December 31, 2012	`CommonStockValue`	$265.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$32.67M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$32.36M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-326.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.03M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$37.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$46.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock, Total	`StockholdersEquityBeforeTreasuryStock`	$55.12M	USD	Point-in-time
Stockholders' Equity before Treasury Stock, Total	`StockholdersEquityBeforeTreasuryStock`	$54.80M	USD	Point-in-time
Less: treasury stock, 1,547,000 shares at cost	`TreasuryStockValue`	$4.29M	USD	Point-in-time
Less: treasury stock, 1,547,000 shares at cost	`TreasuryStockValue`	$4.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$50.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$50.51M	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 liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$65.98M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$66.18M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$407.00K	USD	1 Quarter
Revenues	`Revenues`	$25.14M	USD	1 Quarter
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$5.00K	USD	1 Quarter
Revenues	`Revenues`	$16.90M	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$12.79M	USD	1 Quarter
Direct operating costs	`DirectOperatingCosts`	$16.11M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.40M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.62M	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$91.00K	USD	1 Quarter
Interest income, net	`InvestmentIncomeInterest`	$140.00K	USD	1 Quarter
Totals	`CostsAndExpenses`	$17.27M	USD	1 Quarter
Totals	`CostsAndExpenses`	$21.41M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-372.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.72M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$908.00K	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-475.00K	USD	1 Quarter
Net income	`ProfitLoss`	$103.00K	USD	1 Quarter
Net income	`ProfitLoss`	$2.81M	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-213.00K	USD	1 Quarter
Loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-618.00K	USD	1 Quarter
Net income attributable to Innodata Inc. and Subsidiaries	`NetIncomeLoss`	$316.00K	USD	1 Quarter
Net income attributable to Innodata Inc. and Subsidiaries	`NetIncomeLoss`	$3.43M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.88M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	24.46M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.97M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	25.67M	shares	1 Quarter
Net income attributable to Innodata Inc. and Subsidiaries	`NetIncomeLoss`	$316.00K	USD	1 Quarter
Net income attributable to Innodata Inc. and Subsidiaries	`NetIncomeLoss`	$3.43M	USD	1 Quarter
Pension liability adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$8.00K	USD	1 Quarter
Pension liability adjustment, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$18.00K	USD	1 Quarter
Change in fair value of derivatives, net of taxes of $5 and $407 for the three months ended March 31, 2013 and 2012, respectively	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$693.00K	USD	1 Quarter
Change in fair value of derivatives, net of taxes of $5 and $407 for the three months ended March 31, 2013 and 2012, respectively	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-9.00K	USD	1 Quarter
Comprehensive income attributable to Innodata Inc. and Subsidiaries	`ComprehensiveIncomeNetOfTax`	$4.13M	USD	1 Quarter
Comprehensive income attributable to Innodata Inc. and Subsidiaries	`ComprehensiveIncomeNetOfTax`	$325.00K	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$103.00K	USD	1 Quarter
Net income	`ProfitLoss`	$2.81M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$925.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$891.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$279.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$278.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$256.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-923.00K	USD	1 Quarter
Pension cost	`PensionExpense`	$224.00K	USD	1 Quarter
Pension cost	`PensionExpense`	$159.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.62M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.08M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-463.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$25.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$481.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$36.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-484.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$434.00K	USD	1 Quarter
Accrued salaries, wages and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-18.00K	USD	1 Quarter
Accrued salaries, wages and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.01M	USD	1 Quarter
Restricted shares withheld for taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	-	USD	1 Quarter
Restricted shares withheld for taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$31.00K	USD	1 Quarter
Income and other taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$74.00K	USD	1 Quarter
Income and other taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$272.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.13M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.73M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$913.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.10M	USD	1 Quarter
Sale (purchase) of investments - other	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.02M	USD	1 Quarter
Sale (purchase) of investments - other	`PaymentsForProceedsFromOtherInvestingActivities`	$501.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.08M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.41M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$131.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$260.00K	USD	1 Quarter
Payment of long term obligations	`RepaymentsOfLongTermDebt`	$70.00K	USD	1 Quarter
Payment of long term obligations	`RepaymentsOfLongTermDebt`	$128.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$190.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.83M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.72M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.22M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.39M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.15M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.43M	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`	$11.39M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.15M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.43M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$369.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$347.00K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$50.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$50.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$45.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$41.17M	USD	Point-in-time
Net income	`NetIncomeLoss`	$316.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.43M	USD	1 Quarter
Stock-based compensation	`StockBasedCompensation`	$278.00K	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
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$131.00K	USD	1 Quarter
Restricted shares withheld for taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	-	USD	1 Quarter
Restricted shares withheld for taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$31.00K	USD	1 Quarter
Acquisition of non-controlling interest	`AdjustmentsToAdditionalPaidInCapitalReallocationOfMinorityInterest`	$385.00K	USD	1 Quarter
Pension liability adjustments, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$8.00K	USD	1 Quarter
Pension liability adjustments, net of taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$18.00K	USD	1 Quarter
Change in fair value of derivatives, net of taxes	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$693.00K	USD	1 Quarter
Change in fair value of derivatives, net of taxes	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-9.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$50.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$50.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$45.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$41.17M	USD	Point-in-time

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