10-Q Filing

PLANAR SYSTEMS INC CIK: 722392 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-048459`
Period End Date	20121231
Filing Date	20130211
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	plnr-20121228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 37 Cash Flow Statement 46 Comprehensive Income 6

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$422.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$535.00K	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`	$17.77M	USD	Point-in-time
Cash	`Cash`	$22.23M	USD	Point-in-time
Cash	`Cash`	$19.25M	USD	Point-in-time
Cash	`Cash`	$20.27M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $422 at December 28, 2012 and $535 at September 28, 2012	`AccountsReceivableNetCurrent`	$18.60M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $422 at December 28, 2012 and $535 at September 28, 2012	`AccountsReceivableNetCurrent`	$21.39M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Inventories (Note 2)	`InventoryNet`	$33.64M	USD	Point-in-time
Common stock, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Inventories (Note 2)	`InventoryNet`	$31.98M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.83M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.60M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	20.57M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	20.35M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$77.89M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$71.19M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.55M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.65M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$565.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$417.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.58M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.06M	USD	Point-in-time
Assets, Total	`Assets`	$91.01M	USD	Point-in-time
Assets, Total	`Assets`	$81.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.27M	USD	Point-in-time
Current portion of capital leases	`CapitalLeaseObligationsCurrent`	$646.00K	USD	Point-in-time
Current portion of capital leases	`CapitalLeaseObligationsCurrent`	$449.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.66M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$1.94M	USD	Point-in-time
Other current liabilities (Notes 5 and 6)	`OtherLiabilitiesCurrent`	$14.55M	USD	Point-in-time
Other current liabilities (Notes 5 and 6)	`OtherLiabilitiesCurrent`	$15.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$29.71M	USD	Point-in-time
Capital leases, less current portion	`CapitalLeaseObligationsNoncurrent`	$756.00K	USD	Point-in-time
Capital leases, less current portion	`CapitalLeaseObligationsNoncurrent`	$545.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.97M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$45.14M	USD	Point-in-time
Total liabilities	`Liabilities`	$35.37M	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; 20,566,976 and 20,354,300 issued shares at December 28, 2012 and September 28, 2012, respectively	`CommonStockValue`	$185.11M	USD	Point-in-time
Common stock, no par value. Authorized 30,000,000 shares; 20,566,976 and 20,354,300 issued shares at December 28, 2012 and September 28, 2012, respectively	`CommonStockValue`	$184.56M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-134.75M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-136.31M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.92M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.29M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$46.52M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$45.87M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$81.88M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$91.01M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$44.17M	USD	1 Quarter
Sales	`SalesRevenueNet`	$47.71M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$33.17M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$37.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.51M	USD	1 Quarter
Research and development, net	`ResearchAndDevelopmentExpense`	$2.03M	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`	$5.06M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.08M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.41M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$175.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$147.00K	USD	1 Quarter
Restructuring (Note 5)	`RestructuringSettlementAndImpairmentProvisions`	$194.00K	USD	1 Quarter
Loss on sale of assets (Note 9)	`GainLossOnSaleOfOtherAssets`	$-1.49M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.91M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.33M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.32M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.40M	USD	1 Quarter
Interest, net	`InterestIncomeExpenseNonoperatingNet`	$17.00K	USD	1 Quarter
Foreign exchange, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$426.00K	USD	1 Quarter
Foreign exchange, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-108.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$42.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$115.00K	USD	1 Quarter
Net non-operating income	`NonoperatingIncomeExpense`	$468.00K	USD	1 Quarter
Net non-operating income	`NonoperatingIncomeExpense`	$24.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.93M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.30M	USD	1 Quarter
Provision for income taxes (Note 7)	`IncomeTaxExpenseBenefit`	$265.00K	USD	1 Quarter
Provision for income taxes (Note 7)	`IncomeTaxExpenseBenefit`	$183.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.48M	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	1 Quarter
Average shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.82M	shares	1 Quarter
Average shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.47M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$457.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$739.00K	USD	1 Quarter
Restructuring charges	`RestructuringSettlementAndImpairmentProvisions`	$194.00K	USD	1 Quarter
Loss on sale of assets	`GainLossOnSaleOfOtherAssets`	$-1.49M	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$445.00K	USD	1 Quarter
Share based compensation	`ShareBasedCompensation`	$282.00K	USD	1 Quarter
(Increase) decrease in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-3.15M	USD	1 Quarter
(Increase) decrease in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.01M	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$1.32M	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$8.25M	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$840.00K	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$736.00K	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.80M	USD	1 Quarter
Increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.09M	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-749.00K	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$262.00K	USD	1 Quarter
Decrease in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.25M	USD	1 Quarter
Decrease in other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.23M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.06M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.10M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$191.00K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$830.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfNetAssetsAndLiabilitiesCash`	$3.90M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-191.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.07M	USD	1 Quarter
Proceeds from capital lease	`ProceedsFromLongTermCapitalLeaseObligations`	$570.00K	USD	1 Quarter
Payments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$162.00K	USD	1 Quarter
Value of shares withheld for tax liability	`PaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligations`	$80.00K	USD	1 Quarter
Value of shares withheld for tax liability	`PaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligations`	$216.00K	USD	1 Quarter
Net proceeds from issuance of capital stock	`ProceedsFromIssuanceOrSaleOfEquity`	$104.00K	USD	1 Quarter
Net cash provided by (used) in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$432.00K	USD	1 Quarter
Net cash provided by (used) in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-216.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$41.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-453.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$1.49M	USD	1 Quarter
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-1.96M	USD	1 Quarter
Cash at beginning of period	`Cash`	$17.77M	USD	Point-in-time
Cash at beginning of period	`Cash`	$22.23M	USD	Point-in-time
Cash at beginning of period	`Cash`	$19.25M	USD	Point-in-time
Cash at beginning of period	`Cash`	$20.27M	USD	Point-in-time
Cash at end of period	`Cash`	$17.77M	USD	Point-in-time
Cash at end of period	`Cash`	$22.23M	USD	Point-in-time
Cash at end of period	`Cash`	$19.25M	USD	Point-in-time
Cash at end of period	`Cash`	$20.27M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.20M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.48M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.11M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$362.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.31M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.12M	USD	1 Quarter

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