10-Q Filing

PC CONNECTION INC CIK: 1050377 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-457779`
Period End Date	20120930
Filing Date	20121107
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	pccc-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 57 Cash Flow Statement 73

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.37M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$295.19M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$270.31M	USD	Point-in-time
Inventories	`InventoryNet`	$77.44M	USD	Point-in-time
Inventories	`InventoryNet`	$65.48M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.88M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.71M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$4.44M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.90M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.93M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$398.49M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$388.32M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$25.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$22.57M	USD	Point-in-time
Goodwill	`Goodwill`	$51.28M	USD	Point-in-time
Goodwill	`Goodwill`	$51.28M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$5.21M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$4.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$734.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$652.00K	USD	Point-in-time
Total Assets	`Assets`	$468.02M	USD	Point-in-time
Total Assets	`Assets`	$480.30M	USD	Point-in-time
Current maturities of capital lease obligation to affiliate	`CapitalLeaseObligationsCurrent`	$971.00K	USD	Point-in-time
Current maturities of capital lease obligation to affiliate	`CapitalLeaseObligationsCurrent`	$1.05M	USD	Point-in-time
Borrowings under bank line of credit	`LinesOfCreditCurrent`	$5.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$128.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$130.90M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$25.18M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$30.90M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$14.38M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$12.96M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$169.08M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$181.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.51M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.04M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.47M	USD	Point-in-time
Capital lease obligation to affiliate, less current maturities	`CapitalLeaseObligationsNoncurrent`	$989.00K	USD	Point-in-time
Capital lease obligation to affiliate, less current maturities	`CapitalLeaseObligationsNoncurrent`	$187.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$194.49M	USD	Point-in-time
Total Liabilities	`Liabilities`	$181.82M	USD	Point-in-time
Common stock	`CommonStockValue`	$277.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$276.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$101.36M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$99.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$206.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$182.27M	USD	Point-in-time
Treasury stock at cost	`TreasuryStockValue`	$8.98M	USD	Point-in-time
Treasury stock at cost	`TreasuryStockValue`	$9.63M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$273.53M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$298.48M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$480.30M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$468.02M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$561.29M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.60B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$575.65M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.55B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$1.39B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$505.21M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.35B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$489.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$70.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$210.39M	USD	3 Qtrs
Gross profit	`GrossProfit`	$72.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$196.15M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$169.26M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$55.91M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$54.55M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$160.32M	USD	3 Qtrs
Special charges	`OtherNonrecurringExpense`	$1.14M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$39.99M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$15.88M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$35.83M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$16.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$69.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$93.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$133.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$221.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$6.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$32.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$23.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$129.00K	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.88M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.24M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.82M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.74M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$6.43M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$15.68M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$14.38M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$6.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.20M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$21.36M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$9.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.39M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.80	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.92	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.91	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.80	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.47M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.79M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.44M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.66M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.59M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.86M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.69M	shares	1 Quarter

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$24.20M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$21.36M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$9.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.85M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.38M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.76M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.45M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.93M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.52M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.38M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$698.00K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-80.00K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-13.00K	USD	3 Qtrs
Income tax benefit from stock-based compensation	`TaxBenefitFromStockOptionsExercised1`	$68.00K	USD	3 Qtrs
Income tax benefit from stock-based compensation	`TaxBenefitFromStockOptionsExercised1`	$213.00K	USD	3 Qtrs
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$15.00K	USD	3 Qtrs
Fair value adjustment to contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$20.00K	USD	3 Qtrs
Fair value adjustment to contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability`	$44.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.43M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$30.41M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.96M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.62M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-861.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.79M	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$82.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$157.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.10M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.40M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.73M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.76M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.37M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$63.68M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.48M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.01M	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	3 Qtrs
Acquisition of ValCom Technology, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.75M	USD	3 Qtrs
Purchase of intangible asset	`PaymentsToAcquireIntangibleAssets`	$450.00K	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.00M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.68M	USD	3 Qtrs
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$12.47M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$7.20M	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$3.82M	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$1.47M	USD	3 Qtrs
Payment of contingent consideration	`PaymentsOfMergerRelatedCostsFinancingActivities`	$960.00K	USD	3 Qtrs
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$206.00K	USD	3 Qtrs
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$504.00K	USD	3 Qtrs
Repayment of capital lease obligation to affiliate	`RepaymentsOfLongTermCapitalLeaseObligations`	$718.00K	USD	3 Qtrs
Repayment of capital lease obligation to affiliate	`RepaymentsOfLongTermCapitalLeaseObligations`	$643.00K	USD	3 Qtrs
Issuance of stock under Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$260.00K	USD	3 Qtrs
Issuance of stock under Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$183.00K	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$183.00K	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$872.00K	USD	3 Qtrs
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$15.00K	USD	3 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.31M	USD	3 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.77M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$48.91M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.39M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.76M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.53M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.37M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.76M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.53M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.37M	USD	Point-in-time
Issuance of nonvested stock from treasury	`StockIssued1`	$1.31M	USD	3 Qtrs
Issuance of nonvested stock from treasury	`StockIssued1`	$633.00K	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$388.00K	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$746.00K	USD	3 Qtrs
Contingent consideration recorded in accrued expenses and other liabilities	`LiabilitiesAssumed1`	$1.90M	USD	3 Qtrs

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