10-Q Filing

PC CONNECTION INC CIK: 1050377 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-369556`
Period End Date	20150930
Filing Date	20151106
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	pccc-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 52 Cash Flow Statement 59

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.87M	USD	Point-in-time
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`	$60.91M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$293.03M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$331.19M	USD	Point-in-time
Inventories	`InventoryNet`	$102.57M	USD	Point-in-time
Inventories	`InventoryNet`	$90.92M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$7.75M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$7.75M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.33M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.63M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$833.00K	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$212.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$458.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$523.84M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$27.86M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$32.40M	USD	Point-in-time
Goodwill	`Goodwill`	$51.28M	USD	Point-in-time
Goodwill	`Goodwill`	$51.28M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$1.39M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$1.95M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$724.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.17M	USD	Point-in-time
Total Assets	`Assets`	$539.96M	USD	Point-in-time
Total Assets	`Assets`	$610.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$161.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$124.89M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$22.87M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$22.01M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$15.91M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$17.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$199.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$164.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$18.86M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$18.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.45M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.72M	USD	Point-in-time
Total Liabilities	`Liabilities`	$185.95M	USD	Point-in-time
Total Liabilities	`Liabilities`	$221.42M	USD	Point-in-time
Common stock	`CommonStockValue`	$282.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$283.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$106.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$108.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$262.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$295.85M	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`	$354.01M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$388.67M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$539.96M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$610.08M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.89B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$680.77M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.83B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$639.57M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$592.20M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.64B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$1.59B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$555.92M	USD	1 Quarter
Gross profit	`GrossProfit`	$83.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$240.26M	USD	3 Qtrs
Gross profit	`GrossProfit`	$249.17M	USD	3 Qtrs
Gross profit	`GrossProfit`	$88.57M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$63.23M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$188.90M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$66.71M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$193.50M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$55.66M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$51.37M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$21.86M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$20.42M	USD	1 Quarter
Interest/other expense, net	`NonoperatingIncomeExpense`	$-67.00K	USD	3 Qtrs
Interest/other expense, net	`NonoperatingIncomeExpense`	$-29.00K	USD	1 Quarter
Interest/other expense, net	`NonoperatingIncomeExpense`	$-72.00K	USD	3 Qtrs
Interest/other expense, net	`NonoperatingIncomeExpense`	$-36.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.83M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$55.60M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.38M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$51.29M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$8.83M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$20.56M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$22.38M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$8.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.21M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$30.74M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.26	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.17	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.16	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.25	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.27M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.42M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.28M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.23M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.50M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.51M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.62M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$13.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.21M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$30.74M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.60M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$826.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.10M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$720.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$702.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$50.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$56.00K	USD	3 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$472.00K	USD	3 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$503.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.29M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$39.26M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.40M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$11.66M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.10M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-79.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$31.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$449.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$35.65M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-15.43M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$3.75M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-279.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$28.88M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$25.30M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.07M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.52M	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.00K	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.51M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.07M	USD	3 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$503.00K	USD	3 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$472.00K	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`	$435.00K	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$186.00K	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$379.00K	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`	$564.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$722.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$516.00K	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.96M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.89M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$76.87M	USD	Point-in-time
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`	$60.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$76.87M	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`	$60.91M	USD	Point-in-time
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$711.00K	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$290.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$22.09M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$23.36M	USD	3 Qtrs

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