10-Q Filing

PLANAR SYSTEMS INC CIK: 722392 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-221174`
Period End Date	20110630
Filing Date	20110812
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	plnr-20110701.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 81 Cash Flow Statement 50

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.64M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.00M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.28M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,642 and $2,005 at July 1, 2011 and September 24, 2010, respectively	`AccountsReceivableNetCurrent`	$27.01M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,642 and $2,005 at July 1, 2011 and September 24, 2010, respectively	`AccountsReceivableNetCurrent`	$25.35M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$33.40M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Inventories	`InventoryNet`	$46.15M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.91M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.92M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	19.57M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$96.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$99.80M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	19.16M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.35M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.57M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.25M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.72M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.79M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.42M	USD	Point-in-time
Assets, Total	`Assets`	$110.50M	USD	Point-in-time
Assets, Total	`Assets`	$108.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.92M	USD	Point-in-time
Current portion of capital leases	`CapitalLeaseObligationsCurrent`	$4.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.61M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$2.19M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$19.80M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$18.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.55M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.51M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$45.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$43.06M	USD	Point-in-time
Preferred stock, $0.01 par value, authorized 10,000,000 shares, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, authorized 10,000,000 shares, no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value. Authorized 30,000,000 shares; 19,573,269 and 19,162,335 issued shares at July 1, 2011 and September 24, 2010, respectively	`CommonStockValue`	$180.29M	USD	Point-in-time
Common stock, no par value. Authorized 30,000,000 shares; 19,573,269 and 19,162,335 issued shares at July 1, 2011 and September 24, 2010, respectively	`CommonStockValue`	$182.04M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-116.56M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-112.89M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-725.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.03M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$64.75M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$65.38M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$108.43M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$110.50M	USD	Point-in-time

Income Statement 81 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$135.38M	USD	3 Qtrs
Sales	`SalesRevenueNet`	$45.66M	USD	1 Quarter
Sales	`SalesRevenueNet`	$44.74M	USD	1 Quarter
Sales	`SalesRevenueNet`	$127.47M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$32.33M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$96.91M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$95.79M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$32.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$12.82M	USD	1 Quarter
Gross profit	`GrossProfit`	$31.68M	USD	3 Qtrs
Gross profit	`GrossProfit`	$12.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$38.47M	USD	3 Qtrs
Research and development, net	`ResearchAndDevelopmentExpense`	$7.97M	USD	3 Qtrs
Research and development, net	`ResearchAndDevelopmentExpense`	$2.42M	USD	1 Quarter
Research and development, net	`ResearchAndDevelopmentExpense`	$7.45M	USD	3 Qtrs
Research and development, net	`ResearchAndDevelopmentExpense`	$2.78M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$6.89M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$17.18M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$6.08M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$18.89M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.20M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.28M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$12.64M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.90M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.87M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$622.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.54M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$512.00K	USD	1 Quarter
Impairment and restructuring charges (Note 4)	`RestructuringSettlementAndImpairmentProvisions`	$3.39M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$14.38M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$41.03M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$13.02M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$42.17M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-613.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.56M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.56M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-10.49M	USD	3 Qtrs
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$23.00K	USD	3 Qtrs
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$9.00K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$3.00K	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$-7.00K	USD	3 Qtrs
Foreign exchange, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-830.00K	USD	3 Qtrs
Foreign exchange, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.36M	USD	3 Qtrs
Foreign exchange, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.14M	USD	1 Quarter
Foreign exchange, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-208.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$222.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$211.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-10.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Net non-operating income (expense)	`NonoperatingIncomeExpense`	$-209.00K	USD	1 Quarter
Net non-operating income (expense)	`NonoperatingIncomeExpense`	$2.57M	USD	3 Qtrs
Net non-operating income (expense)	`NonoperatingIncomeExpense`	$1.34M	USD	1 Quarter
Net non-operating income (expense)	`NonoperatingIncomeExpense`	$-585.00K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.77M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$728.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-7.92M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.15M	USD	3 Qtrs
Income tax expense (benefit) (Note 6)	`IncomeTaxExpenseBenefit`	$601.00K	USD	1 Quarter
Income tax expense (benefit) (Note 6)	`IncomeTaxExpenseBenefit`	$146.00K	USD	3 Qtrs
Income tax expense (benefit) (Note 6)	`IncomeTaxExpenseBenefit`	$127.00K	USD	1 Quarter
Income tax expense (benefit) (Note 6)	`IncomeTaxExpenseBenefit`	$-1.74M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$127.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.90M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.30M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-6.18M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.33	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$-0.17	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.33	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.17	USD	3 Qtrs
Average shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.36M	shares	3 Qtrs
Average shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.08M	shares	1 Quarter
Average shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	18.90M	shares	3 Qtrs
Average shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.51M	shares	1 Quarter
Average shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.51M	shares	1 Quarter
Average shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.90M	shares	3 Qtrs
Average shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.44M	shares	1 Quarter
Average shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.36M	shares	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$127.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.90M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.30M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-6.18M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.14M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.16M	USD	3 Qtrs
Impairment and restructuring charges	`RestructuringCostsAndAssetImpairmentCharges`	$3.39M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-874.00K	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.59M	USD	3 Qtrs
Share based compensation	`ShareBasedCompensation`	$1.31M	USD	3 Qtrs
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.58M	USD	3 Qtrs
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.27M	USD	3 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$11.99M	USD	3 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$4.52M	USD	3 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.20M	USD	3 Qtrs
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$230.00K	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.63M	USD	3 Qtrs
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.85M	USD	3 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$517.00K	USD	3 Qtrs
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.03M	USD	3 Qtrs
Decrease in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.15M	USD	3 Qtrs
Decrease in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.30M	USD	3 Qtrs
Loss on disposal of assets	`GainLossOnDispositionOfAssets`	$-53.00K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.21M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.44M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$870.00K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.26M	USD	3 Qtrs
Decrease in long-term liabilities	`ProceedsFromPaymentsForOtherLongTermNonOperatingLiabilities`	$-11.00K	USD	3 Qtrs
Increase in long-term assets	`ProceedsFromPaymentsForOtherLongTermNonOperatingAssets`	$-4.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.26M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-885.00K	USD	3 Qtrs
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$4.00K	USD	3 Qtrs
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$82.00K	USD	3 Qtrs
Value of shares withheld for tax liability	`SharesWithheldForEmployeeTaxes`	$519.00K	USD	3 Qtrs
Value of shares withheld for tax liability	`SharesWithheldForEmployeeTaxes`	$380.00K	USD	3 Qtrs
Net proceeds from issuance of capital stock	`ProceedsFromIssuanceOrSaleOfEquity`	$164.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-220.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-601.00K	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.17M	USD	3 Qtrs
Effect of exchange rate changes	`EffectOfExchangeRateOnCashAndCashEquivalents`	$609.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.32M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.56M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$31.71M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.72M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$31.71M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.28M	USD	Point-in-time

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