10-Q Filing

PDF SOLUTIONS INC CIK: 1120914 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-030642`
Period End Date	20160331
Filing Date	20160503
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	pdfs-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 46 Cash Flow Statement 68

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$352.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$299.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.40M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$131.88M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.46M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowance of $352 and $299, respectively	`AccountsReceivableNetCurrent`	$29.32M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowance of $352 and $299, respectively	`AccountsReceivableNetCurrent`	$33.44M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.65M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.48M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$163.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$162.20M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$13.24M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$11.32M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Goodwill	`Goodwill`	$215.00K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Goodwill	`Goodwill`	$215.00K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$4.82M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	37.60M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$5.03M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	37.48M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$10.19M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	31.11M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	31.23M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$10.30M	USD	Point-in-time
Treasury stock shares (in shares)	`TreasuryStockShares`	6.37M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.65M	USD	Point-in-time
Treasury stock shares (in shares)	`TreasuryStockShares`	6.37M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$7.57M	USD	Point-in-time
Total assets	`Assets`	$191.77M	USD	Point-in-time
Total assets	`Assets`	$198.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.02M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$4.29M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$4.81M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$1.85M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.38M	USD	Point-in-time
Deferred revenues current portion	`DeferredRevenueCurrent`	$6.36M	USD	Point-in-time
Deferred revenues current portion	`DeferredRevenueCurrent`	$4.70M	USD	Point-in-time
Billings in excess of recognized revenue	`BillingsInExcessOfCostCurrent`	$1.27M	USD	Point-in-time
Billings in excess of recognized revenue	`BillingsInExcessOfCostCurrent`	$114.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.63M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$2.54M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$2.47M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$464.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$466.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$17.46M	USD	Point-in-time
Total liabilities	`Liabilities`	$17.56M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`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 37,599 and 37,476, respectively; shares outstanding 31,234 and 31,111, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock, $0.00015 par value, 70,000 shares authorized: shares issued 37,599 and 37,476, respectively; shares outstanding 31,234 and 31,111, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$269.94M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$266.01M	USD	Point-in-time
Treasury stock at cost, 6,365 shares in both 2016 and 2015	`TreasuryStockValue`	$50.39M	USD	Point-in-time
Treasury stock at cost, 6,365 shares in both 2016 and 2015	`TreasuryStockValue`	$50.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-39.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.72M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.18M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.54M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$180.66M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$174.31M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$191.77M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$198.22M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Design-to-silicon-yield solutions	`LicenseAndServicesRevenue`	$18.58M	USD	1 Quarter
Design-to-silicon-yield solutions	`LicenseAndServicesRevenue`	$18.15M	USD	1 Quarter
Gainshare performance incentives	`GainsharePerformanceIncentives`	$8.66M	USD	1 Quarter
Gainshare performance incentives	`GainsharePerformanceIncentives`	$6.50M	USD	1 Quarter
Total revenues	`Revenues`	$26.82M	USD	1 Quarter
Total revenues	`Revenues`	$25.08M	USD	1 Quarter
Direct costs of Design-to-silicon-yield solutions	`CostOfServicesLicensesAndServices`	$8.80M	USD	1 Quarter
Direct costs of Design-to-silicon-yield solutions	`CostOfServicesLicensesAndServices`	$10.11M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsSoldAmortization`	-	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsSoldAmortization`	$96.00K	USD	1 Quarter
Total cost of Design-to-silicon-yield solutions	`CostOfRevenue`	$10.21M	USD	1 Quarter
Total cost of Design-to-silicon-yield solutions	`CostOfRevenue`	$8.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$18.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.88M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$6.31M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.09M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.46M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.12M	USD	1 Quarter
Amortization of other acquired intangible assets	`AmortizationOfOtherAcquiredIntangibleassets`	-	USD	1 Quarter
Amortization of other acquired intangible assets	`AmortizationOfOtherAcquiredIntangibleassets`	$117.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.55M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.54M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.47M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.32M	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-236.00K	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$51.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.52M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.55M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.02M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.97M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.34M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.17M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.29M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.72M	shares	1 Quarter
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.97M	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-748.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$360.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.22M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.42M	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.97M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$765.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$605.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.67M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.20M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$213.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$108.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$416.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnDispositionOfAssets`	$-107.00K	USD	1 Quarter
Purchases of treasury stock in connection with tax withholdings on restricted stock grants	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.00K	USD	1 Quarter
Purchases of treasury stock in connection with tax withholdings on restricted stock grants	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.00K	USD	1 Quarter
Provision for (reversal of) allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-82.00K	USD	1 Quarter
Provision for (reversal of) allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$53.00K	USD	1 Quarter
Unrealized loss (gain) on foreign currency forward contract	`UnrealizedGainLossOnDerivatives`	$23.00K	USD	1 Quarter
Unrealized loss (gain) on foreign currency forward contract	`UnrealizedGainLossOnDerivatives`	$-84.00K	USD	1 Quarter
Tax benefit related to stock-based compensation expense	`TaxBenefitRelatedToStockbasedCompensationexpense`	$1.86M	USD	1 Quarter
Tax benefit related to stock-based compensation expense	`TaxBenefitRelatedToStockbasedCompensationexpense`	$349.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$330.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.06M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.62M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.74M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$315.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-988.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$250.00K	USD	1 Quarter
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.02M	USD	1 Quarter
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-564.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-415.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-833.00K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.67M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.46M	USD	1 Quarter
Billings in excess of recognized revenues	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.15M	USD	1 Quarter
Billings in excess of recognized revenues	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.66M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.62M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.15M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.78M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.78M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.15M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$182.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$3.13M	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$777.00K	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$680.00K	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.75M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$330.00K	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$3.60M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.96M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.29M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$73.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-15.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.42M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.24M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$129.40M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$126.16M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$131.88M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$115.46M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$129.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$126.16M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$131.88M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$115.46M	USD	Point-in-time
Taxes	`IncomeTaxesPaid`	$1.94M	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	$281.00K	USD	1 Quarter
Property and equipment received and accrued in accounts payable and accrued and other liabilities	`PropertyAndEquipmentReceivedAndAccruedInAccountsPayableAndAccruedAndOtherliabilities`	$749.00K	USD	1 Quarter
Property and equipment received and accrued in accounts payable and accrued and other liabilities	`PropertyAndEquipmentReceivedAndAccruedInAccountsPayableAndAccruedAndOtherliabilities`	$1.22M	USD	1 Quarter

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