10-Q Filing

INSIGHT ENTERPRISES INC CIK: 932696 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-564415`
Period End Date	20160331
Filing Date	20160429
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	nsit-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 34 Cash Flow Statement 65 Comprehensive Income 6

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.03M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$11.87M	USD	Point-in-time
Accumulated depreciation of property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$291.64M	USD	Point-in-time
Accumulated depreciation of property and equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$298.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$187.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$186.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$164.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$173.91M	USD	Point-in-time
Accumulated amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$98.52M	USD	Point-in-time
Accumulated amortization of intangible assets	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$94.41M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $11,026 and $11,872, respectively	`AccountsReceivableNetCurrent`	$1.05B	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $11,026 and $11,872, respectively	`AccountsReceivableNetCurrent`	$1.32B	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Inventories	`InventoryFinishedGoods`	$129.45M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.00M	shares	Point-in-time
Inventories	`InventoryFinishedGoods`	$119.82M	USD	Point-in-time
Inventories not available for sale	`OtherInventory`	$51.76M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories not available for sale	`OtherInventory`	$52.45M	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
Other current assets	`OtherAssetsCurrent`	$77.01M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$85.15M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.49B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.75B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	36.83M	shares	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $298,292 and $291,643, respectively	`PropertyPlantAndEquipmentNet`	$85.97M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.11M	shares	Point-in-time
Property and equipment, net of accumulated depreciation and amortization of $298,292 and $291,643, respectively	`PropertyPlantAndEquipmentNet`	$88.28M	USD	Point-in-time
Goodwill	`Goodwill`	$56.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	36.83M	shares	Point-in-time
Goodwill	`Goodwill`	$56.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.11M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $98,516 and $94,406, respectively	`FiniteLivedIntangibleAssetsNet`	$23.79M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $98,516 and $94,406, respectively	`FiniteLivedIntangibleAssetsNet`	$26.98M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$62.99M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$62.93M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$28.45M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$27.91M	USD	Point-in-time
Total assets	`Assets`	$2.01B	USD	Point-in-time
Total assets	`Assets`	$1.75B	USD	Point-in-time
Accounts payable-trade	`AccountsPayableTradeCurrent`	$609.88M	USD	Point-in-time
Accounts payable-trade	`AccountsPayableTradeCurrent`	$905.46M	USD	Point-in-time
Accounts payable-inventory financing facility	`AccountsPayableOtherCurrent`	$106.33M	USD	Point-in-time
Accounts payable-inventory financing facility	`AccountsPayableOtherCurrent`	$102.06M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$122.31M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$144.63M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.53M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.21M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$50.17M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$53.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.21B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$889.09M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$141.17M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$89.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$239.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$197.00K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$31.22M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$30.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.06B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.33B	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; 36,832 shares at March 31, 2016 and 37,106 shares at December 31, 2015 issued and outstanding	`CommonStockValue`	$371.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000 shares authorized; 36,832 shares at March 31, 2016 and 37,106 shares at December 31, 2015 issued and outstanding	`CommonStockValue`	$368.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$316.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$313.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$408.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$406.46M	USD	Point-in-time
Accumulated other comprehensive loss - foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-32.62M	USD	Point-in-time
Accumulated other comprehensive loss - foreign currency translation adjustments	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$-40.04M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$685.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$687.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.01B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.75B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.17B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.22B	USD	1 Quarter
Costs of goods sold	`CostOfGoodsAndServicesSold`	$1.06B	USD	1 Quarter
Costs of goods sold	`CostOfGoodsAndServicesSold`	$1.01B	USD	1 Quarter
Gross profit	`GrossProfit`	$161.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$161.81M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$140.80M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$146.12M	USD	1 Quarter
Severance and restructuring expenses	`RestructuringCharges`	$1.36M	USD	1 Quarter
Severance and restructuring expenses	`RestructuringCharges`	$723.00K	USD	1 Quarter
Earnings from operations	`OperatingIncomeLoss`	$13.63M	USD	1 Quarter
Earnings from operations	`OperatingIncomeLoss`	$20.29M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$250.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$154.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.85M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.74M	USD	1 Quarter
Net foreign currency exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-616.00K	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`	$-268.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.15M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.77M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.26M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.82M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.95M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$6.89M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.08M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.39M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.99M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$10.95M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$6.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.18M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.08M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$608.00K	USD	1 Quarter
Write-downs of inventories	`InventoryWriteDown`	$967.00K	USD	1 Quarter
Write-downs of inventories	`InventoryWriteDown`	$826.00K	USD	1 Quarter
Non-cash stock-based compensation	`ShareBasedCompensation`	$2.80M	USD	1 Quarter
Non-cash stock-based compensation	`ShareBasedCompensation`	$2.32M	USD	1 Quarter
Excess tax benefit from employee gains on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$345.00K	USD	1 Quarter
Excess tax benefit from employee gains on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$258.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$31.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.00K	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-239.25M	USD	1 Quarter
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-265.22M	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$11.33M	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$18.08M	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.46M	USD	1 Quarter
Increase in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.26M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-198.53M	USD	1 Quarter
Decrease in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-297.71M	USD	1 Quarter
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$7.38M	USD	1 Quarter
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$3.37M	USD	1 Quarter
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-19.66M	USD	1 Quarter
Decrease in accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-22.16M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-47.19M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$20.82M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.90M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.19M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.19M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.90M	USD	1 Quarter
Borrowings on senior revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$158.41M	USD	1 Quarter
Borrowings on senior revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$214.92M	USD	1 Quarter
Repayments on senior revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$214.92M	USD	1 Quarter
Repayments on senior revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$138.91M	USD	1 Quarter
Borrowings on accounts receivable securitization financing facility	`ProceedsFromAccountsReceivableSecuritization`	$409.10M	USD	1 Quarter
Borrowings on accounts receivable securitization financing facility	`ProceedsFromAccountsReceivableSecuritization`	$516.00M	USD	1 Quarter
Repayments on accounts receivable securitization financing facility	`RepaymentsOfAccountsReceivableSecuritization`	$465.00M	USD	1 Quarter
Repayments on accounts receivable securitization financing facility	`RepaymentsOfAccountsReceivableSecuritization`	$395.10M	USD	1 Quarter
Repayments under other financing agreements	`RepaymentsOfOtherLongTermDebt`	$632.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$55.00K	USD	1 Quarter
Payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$56.00K	USD	1 Quarter
Net (repayments) borrowings under inventory financing facility	`ProceedsFromRepaymentsOfOtherDebt`	$-4.26M	USD	1 Quarter
Net (repayments) borrowings under inventory financing facility	`ProceedsFromRepaymentsOfOtherDebt`	$22.50M	USD	1 Quarter
Excess tax benefit from employee gains on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$258.00K	USD	1 Quarter
Excess tax benefit from employee gains on stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$345.00K	USD	1 Quarter
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.10M	USD	1 Quarter
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.83M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$38.56M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$13.46M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$15.91M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$30.75M	USD	1 Quarter
Foreign currency exchange effect on cash and cash equivalent balances	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$5.27M	USD	1 Quarter
Foreign currency exchange effect on cash and cash equivalent balances	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-11.93M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.60M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.07M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$173.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$186.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$187.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$164.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$173.91M	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`	$187.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$164.52M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$10.95M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$6.89M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$7.42M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-16.88M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-5.93M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$14.31M	USD	1 Quarter

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