10-Q Filing

PDF SOLUTIONS INC CIK: 1120914 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-009457`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	pdfs-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 36 Cash Flow Statement 62

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$374.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.27M	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`	$98.52M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance of $374 in both 2018 and in 2017	`AccountsReceivableNetCurrent`	$58.44M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, net of allowance of $374 in both 2018 and in 2017	`AccountsReceivableNetCurrent`	$57.56M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.07M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.65M	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`	$166.61M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$163.90M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$25.39M	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
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$26.54M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Goodwill	`Goodwill`	$1.92M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Goodwill	`Goodwill`	$1.92M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	39.80M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$6.07M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$5.82M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	40.03M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$15.90M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$16.35M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.11M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	31.96M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$10.54M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$9.75M	USD	Point-in-time
Total assets	`Assets`	$226.54M	USD	Point-in-time
Total assets	`Assets`	$224.18M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.54M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$5.32M	USD	Point-in-time
Accrued compensation and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$6.49M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.15M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$2.63M	USD	Point-in-time
Deferred revenues current portion	`ContractWithCustomerLiabilityCurrent`	$7.98M	USD	Point-in-time
Deferred revenues current portion	`ContractWithCustomerLiabilityCurrent`	$8.47M	USD	Point-in-time
Total current liabilities	`BillingsInExcessOfCostCurrent`	$19.64M	USD	Point-in-time
Total current liabilities	`BillingsInExcessOfCostCurrent`	$18.54M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$4.82M	USD	Point-in-time
Long-term income taxes payable	`AccruedIncomeTaxesNoncurrent`	$3.90M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.12M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$2.27M	USD	Point-in-time
Total liabilities	`Liabilities`	$25.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.48M	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 40,026 and 39,799, respectively; shares outstanding 31,964 and 32,112, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock, $0.00015 par value, 70,000 shares authorized: shares issued 40,026 and 39,799, respectively; shares outstanding 31,964 and 32,112, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$301.87M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$297.95M	USD	Point-in-time
Treasury stock at cost, 8,062 and 7,688 shares, respectively	`TreasuryStockValue`	$76.47M	USD	Point-in-time
Treasury stock at cost, 8,062 and 7,688 shares, respectively	`TreasuryStockValue`	$71.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-27.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.16M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-180.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-705.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$202.06M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$198.37M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$224.18M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$226.54M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$24.74M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$24.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$12.86M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.26M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$7.25M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$7.28M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.90M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.38M	USD	1 Quarter
Amortization of other acquired intangible assets	`AmortizationOfOtherAcquiredIntangibleassets`	$92.00K	USD	1 Quarter
Amortization of other acquired intangible assets	`AmortizationOfOtherAcquiredIntangibleassets`	$109.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.27M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.73M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-474.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-415.00K	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-230.00K	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingIncomeExpense`	$-331.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-805.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-645.00K	USD	1 Quarter
Income tax provision (benefits)	`IncomeTaxExpenseBenefit`	$-1.16M	USD	1 Quarter
Income tax provision (benefits)	`IncomeTaxExpenseBenefit`	$-381.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-424.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$517.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.17M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.99M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.17M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.59M	shares	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-424.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$517.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$525.00K	USD	1 Quarter
Foreign currency translation adjustments, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$273.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$790.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$101.00K	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-424.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$517.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.26M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.88M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.86M	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$253.00K	USD	1 Quarter
Amortization of acquired intangible assets	`AmortizationOfIntangibleAssets`	$188.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$117.00K	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`	$-3.00K	USD	1 Quarter
Unrealized loss (gain) on foreign currency forward contract	`UnrealizedGainLossOnDerivatives`	$-58.00K	USD	1 Quarter
Unrealized loss (gain) on foreign currency forward contract	`UnrealizedGainLossOnDerivatives`	$-92.00K	USD	1 Quarter
Accounts receivable, net of allowance	`IncreaseDecreaseInAccountsReceivable`	$80.00K	USD	1 Quarter
Accounts receivable, net of allowance	`IncreaseDecreaseInAccountsReceivable`	$1.93M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.40M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.18M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$497.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$476.00K	USD	1 Quarter
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.28M	USD	1 Quarter
Accrued compensation and related benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-1.04M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-587.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-532.00K	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.73M	USD	1 Quarter
Deferred revenues	`IncreaseDecreaseInDeferredRevenue`	$1.91M	USD	1 Quarter
Billings in excess of recognized revenues	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	-	USD	1 Quarter
Billings in excess of recognized revenues	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$112.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$1.98M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-798.00K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.25M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-416.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.45M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.31M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.31M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.45M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$39.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$717.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.12M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Proceeds from employee stock purchase plan	`ProceedsFromStockPlans`	$1.01M	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`	$556.00K	USD	1 Quarter
Payments for taxes related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$844.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$782.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.63M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$83.00K	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`	$-2.75M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$114.93M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$101.27M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$116.79M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$98.52M	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`	$101.27M	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`	$98.52M	USD	Point-in-time
Taxes	`IncomeTaxesPaid`	$681.00K	USD	1 Quarter
Taxes	`IncomeTaxesPaid`	$622.00K	USD	1 Quarter
Property and equipment received and accrued in accounts payable and accrued and other liabilities	`PropertyAndEquipmentReceivedAndAccruedInAccountsPayableAndAccruedAndOtherliabilities`	$885.00K	USD	1 Quarter
Property and equipment received and accrued in accounts payable and accrued and other liabilities	`PropertyAndEquipmentReceivedAndAccruedInAccountsPayableAndAccruedAndOtherliabilities`	$1.19M	USD	1 Quarter

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