10-Q Filing

PC CONNECTION INC CIK: 1050377 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-392040`
Period End Date	20140930
Filing Date	20141031
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	pccc-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 52 Cash Flow Statement 63

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$77.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$283.05M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$273.94M	USD	Point-in-time
Inventories	`InventoryNet`	$79.14M	USD	Point-in-time
Inventories	`InventoryNet`	$82.54M	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`	$4.87M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.12M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$2.26M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$4.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$438.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$418.49M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.75M	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`	$2.18M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$720.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$751.00K	USD	Point-in-time
Total Assets	`Assets`	$500.94M	USD	Point-in-time
Total Assets	`Assets`	$520.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$124.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$109.35M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$22.52M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$22.36M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$18.32M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$14.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$150.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$162.12M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$16.27M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$16.22M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.77M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.48M	USD	Point-in-time
Total Liabilities	`Liabilities`	$168.94M	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`	$282.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$104.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$106.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$230.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$261.21M	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`	$319.83M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$351.78M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$500.94M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$520.72M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.64B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$1.83B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$639.57M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$580.36M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$555.92M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.43B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$1.59B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$503.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$83.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$76.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$240.26M	USD	3 Qtrs
Gross profit	`GrossProfit`	$217.31M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$63.23M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$174.29M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$188.90M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$59.04M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$43.02M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$51.37M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$20.42M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$17.51M	USD	1 Quarter
Interest/other expense, net	`NonoperatingIncomeExpense`	$-72.00K	USD	3 Qtrs
Interest/other expense, net	`NonoperatingIncomeExpense`	$-36.00K	USD	1 Quarter
Interest/other expense, net	`NonoperatingIncomeExpense`	$-39.00K	USD	1 Quarter
Interest/other expense, net	`NonoperatingIncomeExpense`	$-135.00K	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$51.29M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.38M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.47M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$42.88M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$20.56M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$17.04M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$8.20M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$6.88M	USD	1 Quarter
Net income	`NetIncomeLoss`	$25.84M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.74M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.59M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.99	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.17	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.16	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.98	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.17M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.27M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.10M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.23M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.40M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.35M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.50M	shares	3 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$25.84M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.74M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.01M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.68M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$753.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$702.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$826.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$727.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-126.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$50.00K	USD	3 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$503.00K	USD	3 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$228.00K	USD	3 Qtrs
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.00K	USD	3 Qtrs
Income tax benefit from stock-based compensation	`DeferredTaxExpenseFromStockOptionsExercised`	$505.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.29M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.59M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.74M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.40M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.10M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$157.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$31.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$17.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.43M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-963.00K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$3.75M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.20M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$28.88M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$41.41M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.52M	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	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.94M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.51M	USD	3 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$228.00K	USD	3 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$503.00K	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.65M	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$186.00K	USD	3 Qtrs
Issuance of stock under Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$360.00K	USD	3 Qtrs
Issuance of stock under Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$307.00K	USD	3 Qtrs
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$533.00K	USD	3 Qtrs
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$577.00K	USD	3 Qtrs
Repayment of capital lease obligation to affiliate	`RepaymentsOfLongTermCapitalLeaseObligations`	$802.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$516.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$810.00K	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$37.27M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.89M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.43M	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`	$77.18M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$66.43M	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`	$77.18M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.91M	USD	Point-in-time
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$320.00K	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$290.00K	USD	3 Qtrs
Issuance of nonvested stock from treasury	`StockIssued1`	$403.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$17.07M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$22.09M	USD	3 Qtrs

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