10-Q Filing

PDF SOLUTIONS INC CIK: 1120914 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-008170`
Period End Date	20140331
Filing Date	20140507
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	pdfs-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 44 Cash Flow Statement 65

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$327.00K	USD	Point-in-time
Accounts receivable, allowances (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$354.00K	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.64M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$100.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$89.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.18M	USD	Point-in-time
Accounts receivable, net of allowance of $327 and $354, respectively	`AccountsReceivableNetCurrent`	$32.52M	USD	Point-in-time
Accounts receivable, net of allowance of $327 and $354, respectively	`AccountsReceivableNetCurrent`	$34.86M	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
Deferred tax assets - current portion	`DeferredTaxAssetsNetCurrent`	$5.92M	USD	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`	$4.18M	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`	$3.63M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssets`	$4.11M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$141.80M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$133.78M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.28M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.46M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$7.58M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.44M	shares	Point-in-time
Deferred tax assets - non-current portion	`DeferredTaxAssetsNetNoncurrent`	$8.60M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.44M	shares	Point-in-time
Deferred tax assets - non-current portion	`DeferredTaxAssetsNetNoncurrent`	$8.45M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.72M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.48M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	4.85M	shares	Point-in-time
Treasury stock shares	`TreasuryStockShares`	5.02M	shares	Point-in-time
Total assets	`Assets`	$151.16M	USD	Point-in-time
Total assets	`Assets`	$159.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$961.00K	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$5.29M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$7.71M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$1.59M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$3.69M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$4.53M	USD	Point-in-time
Deferred revenues	`DeferredRevenueCurrent`	$2.10M	USD	Point-in-time
Billings in excess of recognized revenues	`BillingsInExcessOfCost`	$591.00K	USD	Point-in-time
Billings in excess of recognized revenues	`BillingsInExcessOfCost`	$343.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.05M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$3.37M	USD	Point-in-time
Non-current liabilities	`LiabilitiesNoncurrent`	$3.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$16.45M	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 35,457 and 35,285, respectively; shares outstanding 30,439 and 30,437, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock, $0.00015 par value, 70,000 shares authorized: shares issued 35,457 and 35,285, respectively; shares outstanding 30,439 and 30,437, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$233.81M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$236.94M	USD	Point-in-time
Treasury stock at cost, 5,018 and 4,848 shares, respectively	`TreasuryStockValue`	$28.91M	USD	Point-in-time
Treasury stock at cost, 5,018 and 4,848 shares, respectively	`TreasuryStockValue`	$32.04M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-64.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-70.65M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$396.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$448.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$134.71M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$140.90M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$159.31M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$151.16M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Design-to-silicon-yield solutions	`LicenseAndServicesRevenue`	$14.85M	USD	1 Quarter
Design-to-silicon-yield solutions	`LicenseAndServicesRevenue`	$14.92M	USD	1 Quarter
Gainshare performance incentives	`GainsharePerformanceIncentives`	$9.26M	USD	1 Quarter
Gainshare performance incentives	`GainsharePerformanceIncentives`	$12.17M	USD	1 Quarter
Total revenues	`Revenues`	$27.09M	USD	1 Quarter
Total revenues	`Revenues`	$24.11M	USD	1 Quarter
Costs of Design-to-silicon-yield solutions	`CostOfServicesLicensesAndServices`	$9.71M	USD	1 Quarter
Costs of Design-to-silicon-yield solutions	`CostOfServicesLicensesAndServices`	$9.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.38M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.45M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.36M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.79M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.33M	USD	1 Quarter
Amortization of other acquired intangible assets	`AmortizationOfOtherAcquiredIntangibleAssets`	$18.00K	USD	1 Quarter
Amortization of other acquired intangible assets	`AmortizationOfOtherAcquiredIntangibleAssets`	$18.00K	USD	1 Quarter
Restructuring charges (credits)	`RestructuringCharges`	$-52.00K	USD	1 Quarter
Restructuring charges (credits)	`RestructuringCharges`	$57.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.12M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$6.33M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.38M	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$250.00K	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-87.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.29M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.58M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.04M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.73M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30.48M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	29.35M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30.82M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.96M	shares	1 Quarter
Net income	`NetIncomeLoss`	$6.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.73M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-52.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-169.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.56M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.20M	USD	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.25M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$258.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$458.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.66M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.31M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$18.00K	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$18.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.89M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$981.00K	USD	1 Quarter
Losses on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-46.00K	USD	1 Quarter
Losses on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-34.00K	USD	1 Quarter
Purchases of treasury stock in connection with tax withholdings on restricted stock grants	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.00K	USD	1 Quarter
Purchases of treasury stock in connection with tax withholdings on restricted stock grants	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.00K	USD	1 Quarter
Reversal of doubtful accounts	`ProvisionForDoubtfulAccounts`	$-28.00K	USD	1 Quarter
Unrealized loss on foreign currency forward contract	`UnrealizedGainLossOnDerivatives`	$-24.00K	USD	1 Quarter
Tax benefit related to stock-based compensation expense	`EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions`	$-44.00K	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
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$41.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.84M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.37M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$264.00K	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`	$-279.00K	USD	1 Quarter
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.39M	USD	1 Quarter
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-4.83M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-442.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.05M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$2.54M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$668.00K	USD	1 Quarter
Billings in excess of recognized revenues	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-159.00K	USD	1 Quarter
Billings in excess of recognized revenues	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$248.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$12.09M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$350.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.21M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$929.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.21M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-929.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$784.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.20M	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$632.00K	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
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$41.00K	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$968.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$489.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.49M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-26.00K	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`	$11.62M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$61.64M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$100.99M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$89.37M	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`	$61.64M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$100.99M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$89.37M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.18M	USD	Point-in-time
Taxes	`IncomeTaxesPaid`	$779.00K	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	$1.65M	USD	1 Quarter
Property and equipment received and accrued in accounts payable and accrued and other liabilities	`PropertyAndEquipmentReceivedAndAccruedInAccountsPayableAndAccruedAndOtherLiabilities`	$400.00K	USD	1 Quarter
Property and equipment received and accrued in accounts payable and accrued and other liabilities	`PropertyAndEquipmentReceivedAndAccruedInAccountsPayableAndAccruedAndOtherLiabilities`	$559.00K	USD	1 Quarter

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