10-Q Filing

PDF SOLUTIONS INC CIK: 1120914 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-007782`
Period End Date	20170331
Filing Date	20170503
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	pdfs-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 46 Cash Flow Statement 62

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$200.00K	USD	Point-in-time
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$200.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$116.79M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.40M	USD	Point-in-time
Accounts receivable, net of allowance of $200	`AccountsReceivableNetCurrent`	$48.16M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowance of $200	`AccountsReceivableNetCurrent`	$50.09M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.33M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.74M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$171.75M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$170.28M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$19.34M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.80M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Goodwill	`Goodwill`	$215.00K	USD	Point-in-time
Goodwill	`Goodwill`	$215.00K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.51M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$4.04M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$4.22M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	38.81M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$16.20M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$15.64M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.12M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	31.86M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$12.63M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	6.69M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$14.62M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	6.65M	shares	Point-in-time
Total assets	`Assets`	$222.33M	USD	Point-in-time
Total assets	`Assets`	$227.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.21M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$4.99M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$5.96M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$1.91M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.08M	USD	Point-in-time
Deferred revenues current portion	`DeferredRevenueCurrent`	$9.78M	USD	Point-in-time
Deferred revenues current portion	`DeferredRevenueCurrent`	$8.19M	USD	Point-in-time
Billings in excess of recognized revenue	`BillingsInExcessOfCostCurrent`	$200.00K	USD	Point-in-time
Billings in excess of recognized revenue	`BillingsInExcessOfCostCurrent`	$88.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.52M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$3.35M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$3.25M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.80M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.53M	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 38,810 and 38,514, respectively; shares outstanding 32,124 and 31,864, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock, $0.00015 par value, 70,000 shares authorized: shares issued 38,810 and 38,514, respectively; shares outstanding 32,124 and 31,864, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$281.42M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$285.93M	USD	Point-in-time
Treasury stock at cost, 6,687 and 6,650 shares, respectively	`TreasuryStockValue`	$54.88M	USD	Point-in-time
Treasury stock at cost, 6,687 and 6,650 shares, respectively	`TreasuryStockValue`	$55.73M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.75M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.72M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.99M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$203.26M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$198.80M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$227.62M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$222.33M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Design-to-silicon-yield solutions	`LicenseAndServicesRevenue`	$19.70M	USD	1 Quarter
Design-to-silicon-yield solutions	`LicenseAndServicesRevenue`	$18.58M	USD	1 Quarter
Gainshare performance incentives	`GainsharePerformanceIncentives`	$6.50M	USD	1 Quarter
Gainshare performance incentives	`GainsharePerformanceIncentives`	$4.59M	USD	1 Quarter
Total revenues	`Revenues`	$25.08M	USD	1 Quarter
Total revenues	`Revenues`	$24.29M	USD	1 Quarter
Direct costs of Design-to-silicon-yield solutions	`CostOfServicesLicensesAndServices`	$10.11M	USD	1 Quarter
Direct costs of Design-to-silicon-yield solutions	`CostOfServicesLicensesAndServices`	$11.34M	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsSoldAmortization`	$96.00K	USD	1 Quarter
Amortization of acquired technology	`CostOfGoodsSoldAmortization`	$96.00K	USD	1 Quarter
Total cost of Design-to-silicon-yield solutions	`CostOfRevenue`	$11.43M	USD	1 Quarter
Total cost of Design-to-silicon-yield solutions	`CostOfRevenue`	$10.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.88M	USD	1 Quarter
Gross profit	`GrossProfit`	$12.86M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$7.28M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$6.31M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.90M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.12M	USD	1 Quarter
Amortization of other acquired intangible assets	`AmortizationOfOtherAcquiredIntangibleassets`	$117.00K	USD	1 Quarter
Amortization of other acquired intangible assets	`AmortizationOfOtherAcquiredIntangibleassets`	$92.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.55M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-415.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$3.32M	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-230.00K	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-236.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.09M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-645.00K	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-1.16M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$1.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$517.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.17M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.99M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.75M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.59M	shares	1 Quarter
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$517.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$273.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$360.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.42M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$790.00K	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$517.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$765.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.88M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.67M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$213.00K	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$188.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$458.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-580.00K	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
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$53.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Unrealized loss (gain) on foreign currency forward contract	`UnrealizedGainLossOnDerivatives`	$-92.00K	USD	1 Quarter
Unrealized loss (gain) on foreign currency forward contract	`UnrealizedGainLossOnDerivatives`	$23.00K	USD	1 Quarter
Accounts receivable, net of allowance	`IncreaseDecreaseInAccountsReceivable`	$1.93M	USD	1 Quarter
Accounts receivable, net of allowance	`IncreaseDecreaseInAccountsReceivable`	$-4.06M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.40M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-178.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$250.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$476.00K	USD	1 Quarter
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.04M	USD	1 Quarter
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-564.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-587.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-833.00K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.67M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.73M	USD	1 Quarter
Billings in excess of recognized revenues	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$112.00K	USD	1 Quarter
Billings in excess of recognized revenues	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.15M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$5.92M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.98M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.00M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-416.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.78M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.31M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.31M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.78M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$717.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$182.00K	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$777.00K	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$909.00K	USD	1 Quarter
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.00K	USD	1 Quarter
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$844.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$950.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$782.00K	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`	$86.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.86M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.24M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.79M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$114.93M	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`	$129.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$116.79M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$114.93M	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`	$129.40M	USD	Point-in-time
Taxes	`IncomeTaxesPaid`	$281.00K	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	$681.00K	USD	1 Quarter
Property and equipment received and accrued in accounts payable and accrued and other liabilities	`PropertyAndEquipmentReceivedAndAccruedInAccountsPayableAndAccruedAndOtherliabilities`	$1.22M	USD	1 Quarter
Property and equipment received and accrued in accounts payable and accrued and other liabilities	`PropertyAndEquipmentReceivedAndAccruedInAccountsPayableAndAccruedAndOtherliabilities`	$885.00K	USD	1 Quarter

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