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10-Q Filing

PLANAR SYSTEMS INC CIK: 722392 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001193125-14-040113
Period End Date 20131231
Filing Date 20140207
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance plnr-20131227.xml
Filing Contents
Balance Sheet 59 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $431.00K USD Point-in-time
Accounts receivable, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $498.00K 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
Preferred stock, authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Cash Cash $11.97M USD Point-in-time
Cash Cash $17.77M USD Point-in-time
Cash Cash $13.18M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued - shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued - shares Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $431 at Dec. 27, 2013 and $498 at Sept. 27, 2013 AccountsReceivableNetCurrent $22.82M USD Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $431 at Dec. 27, 2013 and $498 at Sept. 27, 2013 AccountsReceivableNetCurrent $21.78M USD Point-in-time
Inventories (Note 2) InventoryNet $30.00M USD Point-in-time
Inventories (Note 2) InventoryNet $31.58M USD Point-in-time
Common stock, no par value CommonStockNoParValue - USD Point-in-time
Common stock, no par value CommonStockNoParValue - USD Point-in-time
Other current assets OtherAssetsCurrent $4.40M USD Point-in-time
Other current assets OtherAssetsCurrent $2.43M USD Point-in-time
Common stock, authorized CommonStockSharesAuthorized 30.00M shares Point-in-time
Common stock, authorized CommonStockSharesAuthorized 30.00M shares Point-in-time
Common stock, issued shares CommonStockSharesIssued 21.04M shares Point-in-time
Total current assets AssetsCurrent $67.22M USD Point-in-time
Common stock, issued shares CommonStockSharesIssued 21.15M shares Point-in-time
Total current assets AssetsCurrent $70.93M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $6.43M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $5.99M USD Point-in-time
Other assets OtherAssetsNoncurrent $5.21M USD Point-in-time
Other assets OtherAssetsNoncurrent $6.23M USD Point-in-time
Assets, Total Assets $79.89M USD Point-in-time
Assets, Total Assets $82.14M USD Point-in-time
Accounts payable AccountsPayableCurrent $17.80M USD Point-in-time
Accounts payable AccountsPayableCurrent $17.04M USD Point-in-time
Current portion of capital leases CapitalLeaseObligationsCurrent $759.00K USD Point-in-time
Current portion of capital leases CapitalLeaseObligationsCurrent $953.00K USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.40M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $1.69M USD Point-in-time
Other current liabilities (Notes 5 and 6) OtherLiabilitiesCurrent $12.85M USD Point-in-time
Other current liabilities (Notes 5 and 6) OtherLiabilitiesCurrent $13.60M USD Point-in-time
Total current liabilities LiabilitiesCurrent $32.33M USD Point-in-time
Total current liabilities LiabilitiesCurrent $33.75M USD Point-in-time
Capital leases, less current portion CapitalLeaseObligationsNoncurrent $394.00K USD Point-in-time
Capital leases, less current portion CapitalLeaseObligationsNoncurrent $161.00K USD Point-in-time
Other long-term liabilities (Note 5) OtherLiabilitiesNoncurrent $5.20M USD Point-in-time
Other long-term liabilities (Note 5) OtherLiabilitiesNoncurrent $5.39M USD Point-in-time
Total liabilities Liabilities $39.10M USD Point-in-time
Total liabilities Liabilities $38.12M 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; 21,145,876 and 21,036,278 issued shares at Dec. 27, 2013 and Sept. 27, 2013, respectively CommonStockValue $186.20M USD Point-in-time
Common stock, no par value. Authorized 30,000,000 shares; 21,145,876 and 21,036,278 issued shares at Dec. 27, 2013 and Sept. 27, 2013, respectively CommonStockValue $186.70M USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-141.17M USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-141.74M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.50M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.70M USD Point-in-time
Total shareholders' equity StockholdersEquity $41.77M USD Point-in-time
Total shareholders' equity StockholdersEquity $43.03M USD Point-in-time
Liabilities and Equity, Total LiabilitiesAndStockholdersEquity $82.14M USD Point-in-time
Liabilities and Equity, Total LiabilitiesAndStockholdersEquity $79.89M USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Sales SalesRevenueNet $44.17M USD 1 Quarter
Sales SalesRevenueNet $40.45M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $30.72M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $33.17M USD 1 Quarter
Gross profit GrossProfit $9.73M USD 1 Quarter
Gross profit GrossProfit $11.01M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $1.24M USD 1 Quarter
Research and development, net ResearchAndDevelopmentExpense $2.03M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $5.06M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $4.67M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $3.27M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $3.41M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $147.00K USD 1 Quarter
Restructuring charges (Note 5) RestructuringSettlementAndImpairmentProvisions $11.00K USD 1 Quarter
Restructuring charges (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 $9.20M USD 1 Quarter
Total operating expenses OperatingExpenses $12.33M USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $537.00K USD 1 Quarter
Income (loss) from operations OperatingIncomeLoss $-1.32M USD 1 Quarter
Interest, net InterestIncomeExpenseNonoperatingNet $53.00K USD 1 Quarter
Interest, net InterestIncomeExpenseNonoperatingNet $17.00K USD 1 Quarter
Foreign exchange, net ForeignCurrencyTransactionGainLossBeforeTax $-108.00K USD 1 Quarter
Foreign exchange, net ForeignCurrencyTransactionGainLossBeforeTax $-43.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $175.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $115.00K USD 1 Quarter
Net non-operating income NonoperatingIncomeExpense $185.00K USD 1 Quarter
Net non-operating income NonoperatingIncomeExpense $24.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-1.30M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $722.00K USD 1 Quarter
Provision for income taxes (Note 7) IncomeTaxExpenseBenefit $92.00K USD 1 Quarter
Provision for income taxes (Note 7) IncomeTaxExpenseBenefit $183.00K USD 1 Quarter
Net Income (loss) NetIncomeLoss $630.00K USD 1 Quarter
Net Income (loss) NetIncomeLoss $-1.48M USD 1 Quarter
Basic (Note 3) EarningsPerShareBasic $-0.07 USD 1 Quarter
Basic (Note 3) EarningsPerShareBasic $0.03 USD 1 Quarter
Diluted (Note 3) EarningsPerShareDiluted $0.03 USD 1 Quarter
Diluted (Note 3) EarningsPerShareDiluted $-0.07 USD 1 Quarter
Average shares outstanding-basic (Note 3) WeightedAverageNumberOfSharesOutstandingBasic 21.11M shares 1 Quarter
Average shares outstanding-basic (Note 3) WeightedAverageNumberOfSharesOutstandingBasic 20.47M shares 1 Quarter
Average shares outstanding-diluted (Note 3) WeightedAverageNumberOfDilutedSharesOutstanding 21.42M shares 1 Quarter
Average shares outstanding-diluted (Note 3) WeightedAverageNumberOfDilutedSharesOutstanding 20.47M shares 1 Quarter
Cash Flow Statement 46 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $630.00K USD 1 Quarter
Net income (loss) NetIncomeLoss $-1.48M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $457.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $478.00K USD 1 Quarter
Restructuring charges RestructuringSettlementAndImpairmentProvisions $11.00K USD 1 Quarter
Restructuring charges RestructuringSettlementAndImpairmentProvisions $194.00K USD 1 Quarter
Loss on sale of assets GainLossOnSaleOfOtherAssets $-1.49M USD 1 Quarter
Shared based compensation ShareBasedCompensation $414.00K USD 1 Quarter
Shared based compensation ShareBasedCompensation $445.00K USD 1 Quarter
(Increase) decrease in accounts receivable, net IncreaseDecreaseInAccountsReceivable $-1.10M USD 1 Quarter
(Increase) decrease in accounts receivable, net IncreaseDecreaseInAccountsReceivable $5.01M USD 1 Quarter
Increase in inventories IncreaseDecreaseInInventories $1.52M USD 1 Quarter
Increase in inventories IncreaseDecreaseInInventories $8.25M USD 1 Quarter
Increase in other assets IncreaseDecreaseInOtherOperatingAssets $736.00K USD 1 Quarter
Increase in other assets IncreaseDecreaseInOtherOperatingAssets $791.00K USD 1 Quarter
Increase in accounts payable IncreaseDecreaseInAccountsPayable $11.80M USD 1 Quarter
Increase in accounts payable IncreaseDecreaseInAccountsPayable $740.00K USD 1 Quarter
Increase (decrease) in deferred revenue IncreaseDecreaseInDeferredRevenue $-290.00K USD 1 Quarter
Increase (decrease) in deferred revenue IncreaseDecreaseInDeferredRevenue $262.00K USD 1 Quarter
Increase (decrease) in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-1.23M USD 1 Quarter
Increase (decrease) in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $513.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $1.29M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-2.06M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $830.00K USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $120.00K USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfNetAssetsAndLiabilitiesCash $3.90M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-120.00K 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
Payments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $57.00K USD 1 Quarter
Value of shares withheld for tax liability PaymentsRelatedToTaxWithholdingForShareBasedCompensation $63.00K USD 1 Quarter
Value of shares withheld for tax liability PaymentsRelatedToTaxWithholdingForShareBasedCompensation $80.00K USD 1 Quarter
Net proceeds from issuance of capital stock ProceedsFromIssuanceOrSaleOfEquity $104.00K USD 1 Quarter
Net proceeds from issuance of capital stock ProceedsFromIssuanceOrSaleOfEquity $84.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-36.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $432.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $41.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $74.00K USD 1 Quarter
Net increase in cash CashPeriodIncreaseDecrease $1.49M USD 1 Quarter
Net increase in cash CashPeriodIncreaseDecrease $1.21M USD 1 Quarter
Cash at beginning of period Cash $11.97M USD Point-in-time
Cash at beginning of period Cash $17.77M USD Point-in-time
Cash at beginning of period Cash $13.18M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $13.18M USD Point-in-time
Cash at end of period CashAndCashEquivalentsAtCarryingValue $19.25M USD Point-in-time
Comprehensive Income 8 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $630.00K USD 1 Quarter
Net income (loss) NetIncomeLoss $-1.48M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $362.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $203.00K USD 1 Quarter
Amounts reclassified from accumulated other comprehensive income ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax - USD 1 Quarter
Amounts reclassified from accumulated other comprehensive income ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax - USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-1.12M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $833.00K USD 1 Quarter

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

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