10-Q Filing

PC CONNECTION INC CIK: 1050377 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-295796`
Period End Date	20140630
Filing Date	20140805
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	pccc-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 52 Cash Flow Statement 61

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$64.22M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$283.05M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$295.33M	USD	Point-in-time
Inventories	`InventoryNet`	$79.14M	USD	Point-in-time
Inventories	`InventoryNet`	$97.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.38M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.53M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.12M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$783.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$2.26M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$418.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$464.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.60M	USD	Point-in-time
Goodwill	`Goodwill`	$51.28M	USD	Point-in-time
Goodwill	`Goodwill`	$51.28M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$2.85M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$2.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$698.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$720.00K	USD	Point-in-time
Total Assets	`Assets`	$500.94M	USD	Point-in-time
Total Assets	`Assets`	$546.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$153.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$124.82M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$22.36M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$20.16M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$14.94M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$15.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$188.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$162.12M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$16.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$16.28M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.77M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.50M	USD	Point-in-time
Total Liabilities	`Liabilities`	$207.31M	USD	Point-in-time
Total Liabilities	`Liabilities`	$181.12M	USD	Point-in-time
Common stock	`CommonStockValue`	$281.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$281.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$104.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$105.79M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$230.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$249.04M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$15.86M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$15.86M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$339.25M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$319.83M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$500.94M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$546.56M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.06B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$633.24M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.19B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$557.29M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$483.37M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$921.96M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$549.48M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.04B	USD	2 Qtrs
Gross profit	`GrossProfit`	$156.61M	USD	2 Qtrs
Gross profit	`GrossProfit`	$73.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$140.75M	USD	2 Qtrs
Gross profit	`GrossProfit`	$83.77M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$125.67M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$64.56M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$58.53M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$115.25M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$25.51M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$19.20M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.38M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$30.95M	USD	2 Qtrs
Interest/other expense, net	`NonoperatingIncomeExpense`	$-26.00K	USD	1 Quarter
Interest/other expense, net	`NonoperatingIncomeExpense`	$-96.00K	USD	2 Qtrs
Interest/other expense, net	`NonoperatingIncomeExpense`	$-46.00K	USD	1 Quarter
Interest/other expense, net	`NonoperatingIncomeExpense`	$-36.00K	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.91M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.34M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.18M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.41M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$12.35M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$7.75M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$6.18M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$10.16M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$18.56M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.25M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.71	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.59	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.58	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.70	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.20M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.06M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.13M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.21M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.38M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.33M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.48M	shares	2 Qtrs

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.56M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.43M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.86M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$3.34M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$486.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$301.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$564.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$365.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-110.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$57.00K	USD	2 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$34.00K	USD	2 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$228.00K	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
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.61M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.64M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$18.05M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.50M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.06M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$660.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-13.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-22.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.40M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.39M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$6.59M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-2.23M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$26.98M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$20.85M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.26M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.49M	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.48M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.26M	USD	2 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$228.00K	USD	2 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$34.00K	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$16.00K	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`	$360.00K	USD	2 Qtrs
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$34.00K	USD	2 Qtrs
Repayment of capital lease obligation to affiliate	`RepaymentsOfLongTermCapitalLeaseObligations`	$527.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.59M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$376.00K	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$17.74M	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.31M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.29M	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`	$42.55M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$64.22M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.29M	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`	$42.55M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$64.22M	USD	Point-in-time
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$343.00K	USD	2 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$151.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$10.94M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$10.93M	USD	2 Qtrs

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