10-Q Filing

PC CONNECTION INC CIK: 1050377 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-005506`
Period End Date	20160331
Filing Date	20160506
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	pccc-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 26 Cash Flow Statement 52

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.88M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$356.14M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$288.31M	USD	Point-in-time
Inventories	`InventoryNet`	$97.35M	USD	Point-in-time
Inventories	`InventoryNet`	$102.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$7.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.13M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.25M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$2.63M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$484.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$552.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$32.23M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$32.11M	USD	Point-in-time
Goodwill	`Goodwill`	$51.28M	USD	Point-in-time
Goodwill	`Goodwill`	$51.28M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$1.52M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$1.67M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.18M	USD	Point-in-time
Total Assets	`Assets`	$639.07M	USD	Point-in-time
Total Assets	`Assets`	$570.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$114.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$166.52M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$36.21M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$24.93M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$19.28M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$13.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$152.18M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$222.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$13.74M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.61M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.76M	USD	Point-in-time
Total Liabilities	`Liabilities`	$168.68M	USD	Point-in-time
Total Liabilities	`Liabilities`	$246.62M	USD	Point-in-time
Common stock	`CommonStockValue`	$284.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$284.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$109.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$109.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$307.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$298.87M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$15.86M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$15.86M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$401.80M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$392.45M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$570.48M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$639.07M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$581.26M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$572.39M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$503.65M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$490.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$77.61M	USD	1 Quarter
Gross profit	`GrossProfit`	$82.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$63.43M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$67.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.18M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$15.16M	USD	1 Quarter
Interest/other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Interest/other income (expense), net	`OtherNonoperatingIncomeExpense`	$-14.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.15M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.18M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$6.09M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.58M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.50M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.35M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.59M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.67M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.42M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$289.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$238.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$67.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$34.00K	USD	1 Quarter
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$32.00K	USD	1 Quarter
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$59.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$733.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-103.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.44M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-67.94M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-19.64M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-5.43M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.93M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.96M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$128.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-51.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.63M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-52.36M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-7.16M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-6.09M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$23.47M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.21M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.28M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.08M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.28M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.08M	USD	1 Quarter
Dividend payment	`PaymentsOfDividends`	$10.59M	USD	1 Quarter
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$32.00K	USD	1 Quarter
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$59.00K	USD	1 Quarter
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$20.00K	USD	1 Quarter
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$40.00K	USD	1 Quarter
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$43.00K	USD	1 Quarter
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-10.60M	USD	1 Quarter
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$36.00K	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.79M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.97M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$80.19M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.98M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$79.88M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$80.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$90.98M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$79.88M	USD	Point-in-time
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$578.00K	USD	1 Quarter
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$149.00K	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$7.64M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	$8.82M	USD	1 Quarter

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