10-Q Filing

PDF SOLUTIONS INC CIK: 1120914 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-005497`
Period End Date	20130331
Filing Date	20130508
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	pdfs-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 47 Cash Flow Statement 55

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$351.00K	USD	Point-in-time
Accounts receivable, allowance (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$351.00K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.04M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.18M	USD	Point-in-time
Accounts receivable, net of allowance of $351 in both 2013 and 2012	`AccountsReceivableNetCurrent`	$33.96M	USD	Point-in-time
Accounts receivable, net of allowance of $351 in both 2013 and 2012	`AccountsReceivableNetCurrent`	$32.38M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred tax assets - current portion	`DeferredTaxAssetsNetCurrent`	$7.74M	USD	Point-in-time
Deferred tax assets - current portion	`DeferredTaxAssetsNetCurrent`	$3.59M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$3.41M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$4.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$108.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$102.60M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	34.29M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	34.03M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.95M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.90M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.50M	shares	Point-in-time
Deferred tax assets - non-current portion	`DeferredTaxAssetsNetNoncurrent`	$11.34M	USD	Point-in-time
Deferred tax assets - non-current portion	`DeferredTaxAssetsNetNoncurrent`	$16.47M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.23M	shares	Point-in-time
Treasury stock shares	`TreasuryStockShares`	4.79M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.29M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$2.17M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	4.80M	shares	Point-in-time
Total assets	`Assets`	$126.47M	USD	Point-in-time
Total assets	`Assets`	$124.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.05M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.35M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$5.89M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$10.72M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.88M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.02M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$3.23M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$3.76M	USD	Point-in-time
Billings in excess of recognized revenues	`BillingsInExcessOfCost`	$648.00K	USD	Point-in-time
Billings in excess of recognized revenues	`BillingsInExcessOfCost`	$807.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.70M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$3.50M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$3.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.93M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.00015 par value, 5,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.00015 par value, 5,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.00015 par value, 70,000 shares authorized: shares issued 34,290 and 34,027, respectively; shares outstanding 29,503 and 29,226, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Common stock, $0.00015 par value, 70,000 shares authorized: shares issued 34,290 and 34,027, respectively; shares outstanding 29,503 and 29,226, respectively	`CommonStockValue`	$4.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$224.13M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$220.36M	USD	Point-in-time
Treasury stock at cost, 4,787 and 4,801 shares, respectively	`TreasuryStockValue`	$27.78M	USD	Point-in-time
Treasury stock at cost, 4,787 and 4,801 shares, respectively	`TreasuryStockValue`	$27.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-91.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-86.85M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$51.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-118.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$101.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$109.54M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$124.26M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$126.47M	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Design-to-silicon-yield solutions	`LicenseAndServicesRevenue`	$13.39M	USD	1 Quarter
Design-to-silicon-yield solutions	`LicenseAndServicesRevenue`	$14.85M	USD	1 Quarter
Gainshare performance incentives	`GainsharePerformanceIncentives`	$9.26M	USD	1 Quarter
Gainshare performance incentives	`GainsharePerformanceIncentives`	$7.26M	USD	1 Quarter
Total revenues	`Revenues`	$20.64M	USD	1 Quarter
Total revenues	`Revenues`	$24.11M	USD	1 Quarter
Direct costs of design-to-silicon-yield solutions	`CostOfServicesLicensesAndServices`	$8.57M	USD	1 Quarter
Direct costs of design-to-silicon-yield solutions	`CostOfServicesLicensesAndServices`	$9.66M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsSoldAmortization`	$156.00K	USD	1 Quarter
Total cost of design-to silicon-yield solutions	`CostOfRevenue`	$9.66M	USD	1 Quarter
Total cost of design-to silicon-yield solutions	`CostOfRevenue`	$8.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.45M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.91M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.16M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.36M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.79M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.91M	USD	1 Quarter
Amortization of other acquired intangible assets	`AmortizationOfAcquiredIntangibleAssets`	$18.00K	USD	1 Quarter
Amortization of other acquired intangible assets	`AmortizationOfAcquiredIntangibleAssets`	$51.00K	USD	1 Quarter
Restructuring credits	`RestructuringCharges`	$-52.00K	USD	1 Quarter
Restructuring credits	`RestructuringCharges`	$-8.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.12M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.11M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.33M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.81M	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$250.00K	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-142.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.67M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.58M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$169.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.73M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.12	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	29.35M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.38M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.05M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.82M	shares	1 Quarter
Net income	`NetIncomeLoss`	$3.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.73M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-169.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$191.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.69M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.56M	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$276.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$297.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$905.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.31M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$981.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-23.00K	USD	1 Quarter
Purchases of treasury stock in connection with tax withholdings on restricted stock grants	`PaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligations`	$19.00K	USD	1 Quarter
Purchases of treasury stock in connection with tax withholdings on restricted stock grants	`PaymentsForRepurchaseOfCommonStockForEmployeeTaxWithholdingObligations`	$8.00K	USD	1 Quarter
Provisions for doubtful accounts	`ProvisionForDoubtfulAccounts`	$37.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-46.00K	USD	1 Quarter
Tax benefit related to stock-based compensation expense	`EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions`	$-888.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$747.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.79M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.84M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$80.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.53M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.06M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$237.00K	USD	1 Quarter
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.83M	USD	1 Quarter
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$810.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.05M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$77.00K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$668.00K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$379.00K	USD	1 Quarter
Billings in excess of recognized revenues	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-746.00K	USD	1 Quarter
Billings in excess of recognized revenues	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-159.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$350.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.41M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.21M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$127.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-127.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.21M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.20M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$584.00K	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$468.00K	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$546.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$747.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.49M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.05M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-22.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-87.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.55M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-510.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.04M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.53M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$61.64M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.18M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.04M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.53M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$61.64M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.18M	USD	Point-in-time
Income Taxes	`IncomeTaxesPaid`	$440.00K	USD	1 Quarter
Income Taxes	`IncomeTaxesPaid`	$779.00K	USD	1 Quarter

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