10-Q Filing

PC CONNECTION INC CIK: 1050377 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-424668`
Period End Date	20130930
Filing Date	20131104
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	pccc-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 53 Cash Flow Statement 70

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$77.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.53M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$267.31M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$250.99M	USD	Point-in-time
Inventories	`InventoryNet`	$69.64M	USD	Point-in-time
Inventories	`InventoryNet`	$76.37M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.25M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.93M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$30.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$434.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$414.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$386.47M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$26.77M	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`	$3.08M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$3.76M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$731.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$714.00K	USD	Point-in-time
Total Assets	`Assets`	$468.32M	USD	Point-in-time
Total Assets	`Assets`	$496.18M	USD	Point-in-time
Current maturities of capital lease obligation to affiliate	`CapitalLeaseObligationsCurrent`	$187.00K	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`	$125.21M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$21.96M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$22.56M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$13.82M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$15.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$163.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$163.49M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$10.39M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$10.51M	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`	$176.39M	USD	Point-in-time
Total Liabilities	`Liabilities`	$177.02M	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`	$104.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$101.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$231.11M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$205.27M	USD	Point-in-time
Treasury stock at cost	`TreasuryStockValue`	$15.86M	USD	Point-in-time
Treasury stock at cost	`TreasuryStockValue`	$15.98M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$291.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$319.79M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$468.32M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$496.18M	USD	Point-in-time

Income Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$580.36M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.64B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$1.60B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$561.29M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.43B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$489.09M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$503.80M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.39B	USD	3 Qtrs
Gross profit	`GrossProfit`	$210.39M	USD	3 Qtrs
Gross profit	`GrossProfit`	$72.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$217.31M	USD	3 Qtrs
Gross profit	`GrossProfit`	$76.55M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$174.29M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$169.26M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$59.04M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$55.91M	USD	1 Quarter
Special charges	`OtherNonrecurringExpense`	$1.14M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$17.51M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$43.02M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$39.99M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$16.30M	USD	1 Quarter
Interest/other expense, net	`InterestExpense`	$110.00K	USD	3 Qtrs
Interest/other expense, net	`InterestExpense`	$63.00K	USD	1 Quarter
Interest/other expense, net	`InterestExpense`	$39.00K	USD	1 Quarter
Interest/other expense, net	`InterestExpense`	$135.00K	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.24M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.47M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.88M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$42.88M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$6.88M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$6.34M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$15.68M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$17.04M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$9.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.20M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.84M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.92	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.99	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.91	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.98	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.17M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.10M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.47M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.44M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.66M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.35M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.40M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.59M	shares	3 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.20M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.84M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$5.01M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.68M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.85M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$727.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.45M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.52M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-126.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$753.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.38M	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.00K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-80.00K	USD	3 Qtrs
Income tax benefit from stock-based compensation	`DeferredTaxExpenseFromStockOptionsExercised`	$213.00K	USD	3 Qtrs
Income tax benefit from stock-based compensation	`DeferredTaxExpenseFromStockOptionsExercised`	$505.00K	USD	3 Qtrs
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$15.00K	USD	3 Qtrs
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$228.00K	USD	3 Qtrs
Fair value adjustment to contingent consideration	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-44.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.59M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.43M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.74M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.96M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-861.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$157.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$17.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$82.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-963.00K	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`	$1.20M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$63.68M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.41M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.01M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.94M	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.00M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.94M	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
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$872.00K	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.65M	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`	$307.00K	USD	3 Qtrs
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$15.00K	USD	3 Qtrs
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$228.00K	USD	3 Qtrs
Repayment of capital lease obligation to affiliate	`RepaymentsOfLongTermCapitalLeaseObligations`	$718.00K	USD	3 Qtrs
Repayment of capital lease obligation to affiliate	`RepaymentsOfLongTermCapitalLeaseObligations`	$802.00K	USD	3 Qtrs
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$577.00K	USD	3 Qtrs
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$504.00K	USD	3 Qtrs
Purchase of treasury shares	`PaymentsForRepurchaseOfCommonStock`	$1.47M	USD	3 Qtrs
Payment of contingent consideration	`PaymentsOfMergerRelatedCostsFinancingActivities`	$960.00K	USD	3 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.77M	USD	3 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$810.00K	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$37.27M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$48.91M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$77.18M	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`	$4.62M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.53M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$77.18M	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`	$4.62M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.53M	USD	Point-in-time
Issuance of nonvested stock from treasury	`StockIssued1`	$403.00K	USD	3 Qtrs
Issuance of nonvested stock from treasury	`StockIssued1`	$1.31M	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$320.00K	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$388.00K	USD	3 Qtrs

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