10-Q Filing

PLANAR SYSTEMS INC CIK: 722392 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-045805`
Period End Date	20111231
Filing Date	20120208
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	plnr-20111230.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 39 Cash Flow Statement 42

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.62M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.46M	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	`Cash`	$22.23M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`Cash`	$20.27M	USD	Point-in-time
Cash	`Cash`	$31.86M	USD	Point-in-time
Cash	`Cash`	$31.71M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,456 at December 30, 2011 and $1,622 at September 30, 2011	`AccountsReceivableNetCurrent`	$22.45M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,456 at December 30, 2011 and $1,622 at September 30, 2011	`AccountsReceivableNetCurrent`	$25.88M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Inventories (Note 2)	`InventoryNet`	$42.97M	USD	Point-in-time
Inventories (Note 2)	`InventoryNet`	$43.83M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.59M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.91M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	19.76M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$91.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$95.67M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	19.98M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.26M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.85M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.26M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.09M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.11M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$4.43M	USD	Point-in-time
Assets, Total	`Assets`	$105.30M	USD	Point-in-time
Assets, Total	`Assets`	$100.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.55M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.56M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$2.34M	USD	Point-in-time
Other current liabilities (Notes 5 and 6)	`OtherLiabilitiesCurrent`	$18.48M	USD	Point-in-time
Other current liabilities (Notes 5 and 6)	`OtherLiabilitiesCurrent`	$16.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$36.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$35.95M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.46M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$42.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$42.64M	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; 19,975,062 and 19,758,400 issued shares at December 30, 2011 and September 30, 2011, respectively	`CommonStockValue`	$183.11M	USD	Point-in-time
Common stock, no par value. Authorized 30,000,000 shares; 19,975,062 and 19,758,400 issued shares at December 30, 2011 and September 30, 2011, respectively	`CommonStockValue`	$182.83M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-118.10M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-121.51M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.07M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.18M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$62.66M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$58.42M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$105.30M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$100.83M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$41.76M	USD	1 Quarter
Sales	`SalesRevenueNet`	$47.71M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$37.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$30.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.66M	USD	1 Quarter
Research and development, net	`ResearchAndDevelopmentExpense`	$2.76M	USD	1 Quarter
Research and development, net	`ResearchAndDevelopmentExpense`	$2.72M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$6.94M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$5.50M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.23M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.08M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$512.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$175.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.91M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.40M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.34M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$-2.00K	USD	1 Quarter
Foreign exchange, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$426.00K	USD	1 Quarter
Foreign exchange, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$72.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$68.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$42.00K	USD	1 Quarter
Net non-operating income (expense)	`NonoperatingIncomeExpense`	$138.00K	USD	1 Quarter
Net non-operating income (expense)	`NonoperatingIncomeExpense`	$468.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.20M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.93M	USD	1 Quarter
Provision for income taxes (Note 7)	`IncomeTaxExpenseBenefit`	$100.00K	USD	1 Quarter
Provision for income taxes (Note 7)	`IncomeTaxExpenseBenefit`	$265.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.30M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.07	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.16	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.07	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.16	USD	1 Quarter
Average shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.82M	shares	1 Quarter
Average shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	19.23M	shares	1 Quarter
Average shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.23M	shares	1 Quarter
Average shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	19.82M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.30M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$739.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$282.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$464.00K	USD	1 Quarter
Decrease in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-7.34M	USD	1 Quarter
Decrease in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-3.15M	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$1.32M	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$3.60M	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.88M	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$840.00K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.09M	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$409.00K	USD	1 Quarter
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-79.00K	USD	1 Quarter
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-749.00K	USD	1 Quarter
Decrease in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.99M	USD	1 Quarter
Decrease in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.25M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.10M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$423.00K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$237.00K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$191.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-191.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-237.00K	USD	1 Quarter
Payments of long-term debt and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$4.00K	USD	1 Quarter
Value of shares withheld for tax liability	`SharesWithheldForEmployeeTaxes`	$216.00K	USD	1 Quarter
Value of shares withheld for tax liability	`SharesWithheldForEmployeeTaxes`	$129.00K	USD	1 Quarter
Net proceeds from issuance of capital stock	`ProceedsFromIssuanceOrSaleOfEquity`	$60.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-73.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-216.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$36.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-453.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashPeriodIncreaseDecrease`	$-1.96M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashPeriodIncreaseDecrease`	$149.00K	USD	1 Quarter
Cash at beginning of period	`Cash`	$22.23M	USD	Point-in-time
Cash at beginning of period	`Cash`	$20.27M	USD	Point-in-time
Cash at beginning of period	`Cash`	$31.86M	USD	Point-in-time
Cash at beginning of period	`Cash`	$31.71M	USD	Point-in-time
Cash at end of period	`Cash`	$31.86M	USD	Point-in-time
Cash at end of period	`Cash`	$22.23M	USD	Point-in-time
Cash at end of period	`Cash`	$20.27M	USD	Point-in-time
Cash at end of period	`Cash`	$31.71M	USD	Point-in-time

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