10-Q Filing

PC CONNECTION INC CIK: 1050377 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-316669`
Period End Date	20130630
Filing Date	20130802
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	pccc-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 53 Cash Flow Statement 68

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$267.31M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$256.13M	USD	Point-in-time
Inventories	`InventoryNet`	$77.14M	USD	Point-in-time
Inventories	`InventoryNet`	$69.64M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.58M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.93M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.25M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$434.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$451.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$386.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$407.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.37M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$26.10M	USD	Point-in-time
Goodwill	`Goodwill`	$51.28M	USD	Point-in-time
Goodwill	`Goodwill`	$51.28M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$3.31M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$3.76M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$714.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$701.00K	USD	Point-in-time
Total Assets	`Assets`	$468.32M	USD	Point-in-time
Total Assets	`Assets`	$490.42M	USD	Point-in-time
Current maturities of capital lease obligation to affiliate	`CapitalLeaseObligationsCurrent`	$462.00K	USD	Point-in-time
Current maturities of capital lease obligation to affiliate	`CapitalLeaseObligationsCurrent`	$989.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$126.11M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$124.61M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$30.57M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$22.56M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$12.46M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$13.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$168.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$163.49M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$10.51M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$10.40M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.97M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.02M	USD	Point-in-time
Total Liabilities	`Liabilities`	$177.02M	USD	Point-in-time
Total Liabilities	`Liabilities`	$181.47M	USD	Point-in-time
Common stock	`CommonStockValue`	$280.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$278.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$104.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$101.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$205.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$220.52M	USD	Point-in-time
Treasury stock at cost	`TreasuryStockValue`	$15.98M	USD	Point-in-time
Treasury stock at cost	`TreasuryStockValue`	$15.98M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$308.94M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$291.30M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$468.32M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$490.42M	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.06B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$1.04B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$557.29M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$542.57M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$903.15M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$921.96M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$483.37M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$471.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$73.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$71.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$140.75M	USD	2 Qtrs
Gross profit	`GrossProfit`	$138.18M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$113.35M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$115.25M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$58.53M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$56.90M	USD	1 Quarter
Special charges	`OtherNonrecurringExpense`	$1.14M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$14.67M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.38M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$25.51M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$23.69M	USD	2 Qtrs
Interest/other expense, net	`InterestExpense`	$47.00K	USD	2 Qtrs
Interest/other expense, net	`InterestExpense`	$96.00K	USD	2 Qtrs
Interest/other expense, net	`InterestExpense`	$46.00K	USD	1 Quarter
Interest/other expense, net	`InterestExpense`	$93.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.34M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.57M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.41M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.65M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$10.16M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$6.18M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.75M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$9.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$15.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.15M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.54	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.59	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.54	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.58	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.13M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.40M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.06M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.42M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.38M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.55M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.33M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.52M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$15.25M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.18M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.34M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.62M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$690.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$564.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-110.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.89M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.22M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$301.00K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-85.00K	USD	2 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-5.00K	USD	2 Qtrs
Income tax benefit from stock-based compensation	`DeferredTaxExpenseFromStockOptionsExercised`	$196.00K	USD	2 Qtrs
Income tax benefit from stock-based compensation	`DeferredTaxExpenseFromStockOptionsExercised`	$41.00K	USD	2 Qtrs
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$5.00K	USD	2 Qtrs
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$228.00K	USD	2 Qtrs
Fair value adjustment to contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-30.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.61M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-40.76M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.50M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.52M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$660.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$494.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$56.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-13.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.40M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.38M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$541.00K	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$6.59M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$72.03M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.98M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.18M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.26M	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00K	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.18M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.26M	USD	2 Qtrs
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$12.47M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$7.20M	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$166.00K	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.59M	USD	2 Qtrs
Issuance of stock under Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$307.00K	USD	2 Qtrs
Issuance of stock under Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$260.00K	USD	2 Qtrs
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$228.00K	USD	2 Qtrs
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$5.00K	USD	2 Qtrs
Repayment of capital lease obligation to affiliate	`RepaymentsOfLongTermCapitalLeaseObligations`	$472.00K	USD	2 Qtrs
Repayment of capital lease obligation to affiliate	`RepaymentsOfLongTermCapitalLeaseObligations`	$527.00K	USD	2 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$1.47M	USD	2 Qtrs
Payment of contingent consideration	`PaymentsOfMergerRelatedCostsFinancingActivities`	$960.00K	USD	2 Qtrs
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$308.00K	USD	2 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.59M	USD	2 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.04M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.31M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$58.81M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.42M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$64.22M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.42M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$64.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$344.00K	USD	2 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$151.00K	USD	2 Qtrs
Issuance of nonvested stock from treasury	`StockIssued1`	$926.00K	USD	2 Qtrs

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