10-Q Filing

INSIGHT ENTERPRISES INC CIK: 932696 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-177678`
Period End Date	20140331
Filing Date	20140502
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	nsit-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 34 Cash Flow Statement 69 Comprehensive Income 6

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$19.41M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$19.91M	USD	Point-in-time
Accumulated depreciation of property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$257.68M	USD	Point-in-time
Accumulated depreciation of property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$250.41M	USD	Point-in-time
Accumulated amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$78.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$152.12M	USD	Point-in-time
Accumulated amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$81.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$180.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$152.33M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $19,408 and $19,908, respectively	`AccountsReceivableNetCurrent`	$1.26B	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $19,408 and $19,908, respectively	`AccountsReceivableNetCurrent`	$1.07B	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
Inventories	`InventoryFinishedGoods`	$113.54M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Inventories	`InventoryFinishedGoods`	$97.27M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories not available for sale	`OtherInventory`	$38.70M	USD	Point-in-time
Inventories not available for sale	`OtherInventory`	$51.29M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$16.42M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$16.44M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$63.93M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$57.53M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.59B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.02M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	41.05M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.50B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.02M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $257,679 and $250,412, respectively	`PropertyPlantAndEquipmentNet`	$132.82M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	41.05M	shares	Point-in-time
Property and equipment, net of accumulated depreciation of $257,679 and $250,412, respectively	`PropertyPlantAndEquipmentNet`	$127.89M	USD	Point-in-time
Goodwill	`Goodwill`	$26.26M	USD	Point-in-time
Goodwill	`Goodwill`	$26.26M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $81,305 and $78,430, respectively	`FiniteLivedIntangibleAssetsNet`	$33.00M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $81,305 and $78,430, respectively	`FiniteLivedIntangibleAssetsNet`	$35.77M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$58.65M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$57.93M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$13.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$19.56M	USD	Point-in-time
Total assets	`Assets`	$1.76B	USD	Point-in-time
Total assets	`Assets`	$1.87B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$850.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$757.69M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$139.02M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$156.49M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$217.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$369.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$44.15M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$45.58M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.05B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$942.65M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$66.95M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$91.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$45.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$443.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$22.65M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$31.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.15B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.06B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 3,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 3,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 41,048 shares at March 31, 2014 and 42,023 shares at December 31, 2013 issued and outstanding	`CommonStockValue`	$420.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 41,048 shares at March 31, 2014 and 42,023 shares at December 31, 2013 issued and outstanding	`CommonStockValue`	$410.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$339.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$348.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$348.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$353.85M	USD	Point-in-time
Accumulated other comprehensive income - foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$13.87M	USD	Point-in-time
Accumulated other comprehensive income - foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$13.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$716.92M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$702.13M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.76B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.87B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.21B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.18B	USD	1 Quarter
Costs of goods sold	`CostOfGoodsAndServicesSold`	$1.02B	USD	1 Quarter
Costs of goods sold	`CostOfGoodsAndServicesSold`	$1.05B	USD	1 Quarter
Gross profit	`GrossProfit`	$163.75M	USD	1 Quarter
Gross profit	`GrossProfit`	$158.14M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$142.43M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$140.99M	USD	1 Quarter
Severance and restructuring expenses	`RestructuringCharges`	$2.73M	USD	1 Quarter
Severance and restructuring expenses	`RestructuringCharges`	$337.00K	USD	1 Quarter
Earnings from operations	`OperatingIncomeLoss`	$14.42M	USD	1 Quarter
Earnings from operations	`OperatingIncomeLoss`	$20.98M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$249.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$312.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.46M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.62M	USD	1 Quarter
Net foreign currency exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-496.00K	USD	1 Quarter
Net foreign currency exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-161.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-249.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-374.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.58M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.02M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.50M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.47M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$11.55M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.08M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.28	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	44.67M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.63M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.06M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.92M	shares	1 Quarter

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$11.55M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.45M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.53M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.29M	USD	1 Quarter
Write-downs of inventories	`InventoryWriteDown`	$1.04M	USD	1 Quarter
Write-downs of inventories	`InventoryWriteDown`	$273.00K	USD	1 Quarter
Write-off of property and equipment	`OtherAssetImpairmentCharges`	$51.00K	USD	1 Quarter
Write-off of property and equipment	`OtherAssetImpairmentCharges`	$7.00K	USD	1 Quarter
Non-cash stock-based compensation	`ShareBasedCompensation`	$1.76M	USD	1 Quarter
Non-cash stock-based compensation	`ShareBasedCompensation`	$2.09M	USD	1 Quarter
Excess tax benefit from employee gains on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$717.00K	USD	1 Quarter
Excess tax benefit from employee gains on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$252.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.30M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$359.00K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-272.16M	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-182.67M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$29.00M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-2.94M	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.29M	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$17.14M	USD	1 Quarter
Decrease (increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$5.74M	USD	1 Quarter
Decrease (increase) in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-6.21M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-87.71M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-247.72M	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-4.58M	USD	1 Quarter
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$855.00K	USD	1 Quarter
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-8.23M	USD	1 Quarter
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-25.95M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$16.28M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$66.03M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.67M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.02M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.67M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.02M	USD	1 Quarter
Borrowings on senior revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$326.54M	USD	1 Quarter
Borrowings on senior revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$143.49M	USD	1 Quarter
Repayments on senior revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$330.54M	USD	1 Quarter
Repayments on senior revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$138.99M	USD	1 Quarter
Borrowings on accounts receivable securitization financing facility	`ProceedsFromAccountsReceivableSecuritization`	$213.00M	USD	1 Quarter
Borrowings on accounts receivable securitization financing facility	`ProceedsFromAccountsReceivableSecuritization`	$225.00M	USD	1 Quarter
Repayments on accounts receivable securitization financing facility	`RepaymentsOfAccountsReceivableSecuritization`	$228.00M	USD	1 Quarter
Repayments on accounts receivable securitization financing facility	`RepaymentsOfAccountsReceivableSecuritization`	$207.00M	USD	1 Quarter
Borrowings under other financing agreements	`ProceedsFromIssuanceOfOtherLongTermDebt`	$2.00M	USD	1 Quarter
Payments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$257.00K	USD	1 Quarter
Payments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$53.00K	USD	1 Quarter
Net (repayments) borrowings under inventory financing facility	`ProceedsFromRepaymentsOfOtherDebt`	$21.28M	USD	1 Quarter
Net (repayments) borrowings under inventory financing facility	`ProceedsFromRepaymentsOfOtherDebt`	$-7.18M	USD	1 Quarter
Excess tax benefit from employee gains on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$717.00K	USD	1 Quarter
Excess tax benefit from employee gains on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$252.00K	USD	1 Quarter
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.81M	USD	1 Quarter
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.56M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$26.71M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.86M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.93M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.75M	USD	1 Quarter
Foreign currency exchange effect on cash balances	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.47M	USD	1 Quarter
Foreign currency exchange effect on cash balances	`EffectOfExchangeRateOnCashAndCashEquivalents`	$781.00K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$207.00K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$54.05M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$126.82M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$180.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$152.33M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$152.12M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$180.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$152.33M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$126.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$152.12M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$11.55M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.08M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.31M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-71.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$764.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.48M	USD	1 Quarter

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