10-Q Filing

INSIGHT ENTERPRISES INC CIK: 932696 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-174985`
Period End Date	20150331
Filing Date	20150507
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	nsit-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 34 Cash Flow Statement 68 Comprehensive Income 6

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$19.16M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$19.34M	USD	Point-in-time
Accumulated depreciation of property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$274.11M	USD	Point-in-time
Accumulated depreciation of property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$269.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$164.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$180.86M	USD	Point-in-time
Accumulated amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$86.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$186.13M	USD	Point-in-time
Accumulated amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$86.26M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $19,157 and $19,336, respectively	`AccountsReceivableNetCurrent`	$1.31B	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $19,157 and $19,336, respectively	`AccountsReceivableNetCurrent`	$1.04B	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryFinishedGoods`	$129.78M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Inventories	`InventoryFinishedGoods`	$122.57M	USD	Point-in-time
Inventories not available for sale	`OtherInventory`	$45.26M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories not available for sale	`OtherInventory`	$54.25M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$13.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$13.41M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$62.92M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$72.06M	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
Common stock, shares issued	`CommonStockSharesIssued`	40.15M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.49B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.72B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.87M	shares	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $274,111 and $269,394, respectively	`PropertyPlantAndEquipmentNet`	$104.18M	USD	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $274,111 and $269,394, respectively	`PropertyPlantAndEquipmentNet`	$98.95M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.87M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	40.15M	shares	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 $86,263 and $86,053, respectively	`FiniteLivedIntangibleAssetsNet`	$23.57M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $86,263 and $86,053, respectively	`FiniteLivedIntangibleAssetsNet`	$20.43M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$58.62M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$58.43M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.63M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$18.44M	USD	Point-in-time
Total assets	`Assets`	$1.72B	USD	Point-in-time
Total assets	`Assets`	$1.95B	USD	Point-in-time
Accounts payable-trade	`AccountsPayableTradeCurrent`	$819.92M	USD	Point-in-time
Accounts payable-trade	`AccountsPayableTradeCurrent`	$598.49M	USD	Point-in-time
Accounts payable-inventory financing facility	`AccountsPayableOtherCurrent`	$145.29M	USD	Point-in-time
Accounts payable-inventory financing facility	`AccountsPayableOtherCurrent`	$122.78M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$144.56M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$116.75M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$766.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.40M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$57.61M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$50.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$919.54M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$95.35M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$62.53M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$940.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$806.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$24.49M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$24.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.04B	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; 38,870 shares at March 31, 2015 and 40,147 shares at December 31, 2014 issued and outstanding	`CommonStockValue`	$401.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 38,870 shares at March 31, 2015 and 40,147 shares at December 31, 2014 issued and outstanding	`CommonStockValue`	$389.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$325.64M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$337.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$396.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$381.73M	USD	Point-in-time
Accumulated other comprehensive loss - foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-30.21M	USD	Point-in-time
Accumulated other comprehensive loss - foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-13.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$677.54M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$721.23M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.95B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.72B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.22B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.21B	USD	1 Quarter
Costs of goods sold	`CostOfGoodsAndServicesSold`	$1.05B	USD	1 Quarter
Costs of goods sold	`CostOfGoodsAndServicesSold`	$1.06B	USD	1 Quarter
Gross profit	`GrossProfit`	$161.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$163.75M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$140.80M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$142.43M	USD	1 Quarter
Severance and restructuring expenses	`RestructuringCharges`	$337.00K	USD	1 Quarter
Severance and restructuring expenses	`RestructuringCharges`	$723.00K	USD	1 Quarter
Earnings from operations	`OperatingIncomeLoss`	$20.29M	USD	1 Quarter
Earnings from operations	`OperatingIncomeLoss`	$20.98M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$249.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$154.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.74M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.46M	USD	1 Quarter
Net foreign currency exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-496.00K	USD	1 Quarter
Net foreign currency exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-613.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-331.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-249.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.77M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.02M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.82M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.47M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$11.55M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.95M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.28	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.67M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.63M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.92M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.99M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$11.55M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.95M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.03M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.53M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.08M	USD	1 Quarter
Write-downs of inventories	`InventoryWriteDown`	$273.00K	USD	1 Quarter
Write-downs of inventories	`InventoryWriteDown`	$826.00K	USD	1 Quarter
Write-off of property and equipment	`OtherAssetImpairmentCharges`	$7.00K	USD	1 Quarter
Non-cash stock-based compensation	`ShareBasedCompensation`	$2.32M	USD	1 Quarter
Non-cash stock-based compensation	`ShareBasedCompensation`	$1.76M	USD	1 Quarter
Excess tax benefit from employee gains on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$252.00K	USD	1 Quarter
Excess tax benefit from employee gains on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$345.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$31.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$359.00K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-182.67M	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-239.25M	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$29.00M	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$18.08M	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.29M	USD	1 Quarter
Increase in other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$10.20M	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.26M	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-6.21M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-87.71M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-198.53M	USD	1 Quarter
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$855.00K	USD	1 Quarter
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$7.38M	USD	1 Quarter
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-25.95M	USD	1 Quarter
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-22.16M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$20.82M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$66.03M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.02M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.19M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.02M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.19M	USD	1 Quarter
Borrowings on senior revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$143.49M	USD	1 Quarter
Borrowings on senior revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$158.41M	USD	1 Quarter
Repayments on senior revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$138.91M	USD	1 Quarter
Repayments on senior revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$138.99M	USD	1 Quarter
Borrowings on accounts receivable securitization financing facility	`ProceedsFromAccountsReceivableSecuritization`	$409.10M	USD	1 Quarter
Borrowings on accounts receivable securitization financing facility	`ProceedsFromAccountsReceivableSecuritization`	$225.00M	USD	1 Quarter
Repayments on accounts receivable securitization financing facility	`RepaymentsOfAccountsReceivableSecuritization`	$395.10M	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`	$55.00K	USD	1 Quarter
Payments on capital lease obligation	`RepaymentsOfLongTermCapitalLeaseObligations`	$53.00K	USD	1 Quarter
Net borrowings (repayments) under inventory financing facility	`ProceedsFromRepaymentsOfOtherDebt`	$-7.18M	USD	1 Quarter
Net borrowings (repayments) under inventory financing facility	`ProceedsFromRepaymentsOfOtherDebt`	$22.50M	USD	1 Quarter
Excess tax benefit from employee gains on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$345.00K	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`	$1.83M	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`	$38.56M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$26.71M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-10.75M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$15.91M	USD	1 Quarter
Foreign currency exchange effect on cash and cash equivalent balances	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-11.93M	USD	1 Quarter
Foreign currency exchange effect on cash and cash equivalent balances	`EffectOfExchangeRateOnCashAndCashEquivalents`	$781.00K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.60M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$54.05M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$186.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$164.52M	USD	Point-in-time
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 end of period	`CashAndCashEquivalentsAtCarryingValue`	$164.52M	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`	$186.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$180.86M	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`	$10.95M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-16.88M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-71.00K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-5.93M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$11.48M	USD	1 Quarter

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