10-Q/A Filing

INNOVEX INTERNATIONAL, INC. CIK: 1042893 Q2 2010

Filing Information

Form Type	10-Q/A
Accession Number	`0001193125-10-183272`
Period End Date	20100630
Filing Date	20100809
Fiscal Year	2010
Fiscal Period	Q2
XBRL Instance	drq-20100630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 80 Cash Flow Statement 50

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$197.79M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$225.90M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$137.48M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$130.82M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$251.36M	USD	Point-in-time
Common stock: shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock: shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$239.96M	USD	Point-in-time
Common stock: par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$24.54M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$22.96M	USD	Point-in-time
Common stock: par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaids and other current assets	`OtherAssetsCurrent`	$12.85M	USD	Point-in-time
Common stock: shares issued	`CommonStockSharesIssued`	39.66M	shares	Point-in-time
Prepaids and other current assets	`OtherAssetsCurrent`	$8.71M	USD	Point-in-time
Common stock: shares issued	`CommonStockSharesIssued`	39.82M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$635.01M	USD	Point-in-time
Common stock: shares outstanding	`CommonStockSharesOutstanding`	39.66M	shares	Point-in-time
Common stock: shares outstanding	`CommonStockSharesOutstanding`	39.82M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$617.36M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$194.70M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$202.85M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.19M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.00M	USD	Point-in-time
Total assets	`Assets`	$817.25M	USD	Point-in-time
Total assets	`Assets`	$847.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.83M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$723.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$570.00K	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$5.16M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$8.51M	USD	Point-in-time
Customer prepayments	`BillingsInExcessOfCost`	$21.87M	USD	Point-in-time
Customer prepayments	`BillingsInExcessOfCost`	$47.21M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$10.31M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$10.75M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$12.60M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$19.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$86.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.62M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$316.00K	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$70.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.42M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$93.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$112.16M	USD	Point-in-time
Preferred stock, 10,000,000 shares authorized at $0.01 par value (none issued)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, 10,000,000 shares authorized at $0.01 par value (none issued)	`PreferredStockValue`	-	USD	Point-in-time
Common stock: 50,000,000 shares authorized at $0.01 par value, 39,658,524 and 39,822,336 shares issued and outstanding at December 31, 2009 and June 30, 2010	`CommonStockValue`	$396.00K	USD	Point-in-time
Common stock: 50,000,000 shares authorized at $0.01 par value, 39,658,524 and 39,822,336 shares issued and outstanding at December 31, 2009 and June 30, 2010	`CommonStockValue`	$398.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$136.88M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$129.53M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$583.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$636.98M	USD	Point-in-time
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-8.13M	USD	Point-in-time
Foreign currency translation adjustment	`ForeignCurrencyTranslationAdjustment`	$-20.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$754.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$705.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$817.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$847.86M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$244.02M	USD	2 Qtrs
Products	`SalesRevenueGoodsNet`	$113.40M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$122.19M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$218.54M	USD	2 Qtrs
Services	`SalesRevenueServicesNet`	$19.79M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$40.51M	USD	2 Qtrs
Services	`SalesRevenueServicesNet`	$42.17M	USD	2 Qtrs
Services	`SalesRevenueServicesNet`	$19.81M	USD	1 Quarter
Total revenues	`Revenues`	$260.71M	USD	2 Qtrs
Total revenues	`Revenues`	$133.19M	USD	1 Quarter
Total revenues	`Revenues`	$284.53M	USD	2 Qtrs
Total revenues	`Revenues`	$142.00M	USD	1 Quarter
Products	`CostOfGoodsSold`	$125.65M	USD	2 Qtrs
Products	`CostOfGoodsSold`	$135.93M	USD	2 Qtrs
Products	`CostOfGoodsSold`	$65.70M	USD	1 Quarter
Products	`CostOfGoodsSold`	$66.54M	USD	1 Quarter
Services	`CostOfServices`	$25.43M	USD	2 Qtrs
Services	`CostOfServices`	$13.01M	USD	1 Quarter
Services	`CostOfServices`	$23.77M	USD	2 Qtrs
Services	`CostOfServices`	$11.71M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$149.42M	USD	2 Qtrs
Total cost of sales	`CostOfRevenue`	$79.55M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$161.36M	USD	2 Qtrs
Total cost of sales	`CostOfRevenue`	$77.41M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$16.08M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$27.44M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.90M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$29.51M	USD	2 Qtrs
Engineering and product development	`EngineeringAndProductDevelopment`	$12.88M	USD	2 Qtrs
Engineering and product development	`EngineeringAndProductDevelopment`	$6.57M	USD	1 Quarter
Engineering and product development	`EngineeringAndProductDevelopment`	$13.84M	USD	2 Qtrs
Engineering and product development	`EngineeringAndProductDevelopment`	$7.05M	USD	1 Quarter
Special item	`OtherNonrecurringExpense`	-	USD	2 Qtrs
Special item	`OtherNonrecurringExpense`	-	USD	1 Quarter
Special item	`OtherNonrecurringExpense`	-	USD	1 Quarter
Special item	`OtherNonrecurringExpense`	$5.90M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$96.88M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$210.61M	USD	2 Qtrs
Total costs and expenses	`CostsAndExpenses`	$102.68M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$189.74M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$73.92M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$36.31M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$39.32M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$70.97M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$130.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$69.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$344.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$132.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$29.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$38.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$77.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$36.41M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$71.24M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$74.01M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.38M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$9.71M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$19.86M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$11.38M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$20.32M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$28.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.38M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$53.70M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$26.71M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.35	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.32	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.31	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.68	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.34	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.02M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.82M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.77M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.03M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.36M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.02M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.99M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.43M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$28.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.38M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$53.70M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$26.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.66M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.08M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.40M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.91M	USD	2 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$122.00K	USD	2 Qtrs
Gain on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$132.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.71M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.13M	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$10.65M	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-20.66M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-26.61M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$4.32M	USD	2 Qtrs
Prepaids and other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.07M	USD	2 Qtrs
Prepaids and other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$289.00K	USD	2 Qtrs
Excess tax benefit of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$64.00K	USD	2 Qtrs
Excess tax benefit of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.11M	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.80M	USD	2 Qtrs
Trade accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-15.50M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$44.16M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$43.74M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.98M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.88M	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$1.08M	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$915.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.97M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.90M	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$337.00K	USD	2 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$326.00K	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$4.23M	USD	2 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$55.00K	USD	2 Qtrs
Excess tax benefits of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$64.00K	USD	2 Qtrs
Excess tax benefits of stock option exercises	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.11M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-207.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.00M	USD	2 Qtrs
Effect of exchange rate changes on cash activities	`EffectOfExchangeRateOnCashAndCashEquivalents`	$274.00K	USD	2 Qtrs
Effect of exchange rate changes on cash activities	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.95M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$20.04M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$28.11M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$115.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$95.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$197.79M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$225.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$115.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$95.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$197.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$225.90M	USD	Point-in-time

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