10-Q Filing

PC CONNECTION INC CIK: 1050377 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-007474`
Period End Date	20160630
Filing Date	20160805
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	pccc-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 52 Cash Flow Statement 59

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.50M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$356.14M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$387.98M	USD	Point-in-time
Inventories	`InventoryNet`	$102.78M	USD	Point-in-time
Inventories	`InventoryNet`	$112.49M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$7.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.25M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.35M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$2.12M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$555.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$552.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$33.77M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$32.23M	USD	Point-in-time
Goodwill	`Goodwill`	$16.23M	USD	Point-in-time
Goodwill	`Goodwill`	$51.28M	USD	Point-in-time
Goodwill	`Goodwill`	$67.51M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$1.67M	USD	Point-in-time
Other intangibles, net	`OtherIntangibleAssetsNet`	$12.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.08M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.05M	USD	Point-in-time
Total Assets	`Assets`	$670.17M	USD	Point-in-time
Total Assets	`Assets`	$639.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$191.18M	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`	$27.50M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$19.84M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$19.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$222.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$238.53M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$13.73M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.83M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$255.09M	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`	$110.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$109.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$320.39M	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`	$415.08M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$392.45M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$670.17M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$639.07M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.21B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$627.62M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$676.16M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.25B	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$1.05B	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$544.63M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.07B	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$582.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$93.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$82.99M	USD	1 Quarter
Gross profit	`GrossProfit`	$176.07M	USD	2 Qtrs
Gross profit	`GrossProfit`	$160.60M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$63.36M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$72.86M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$126.80M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$139.89M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$33.80M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$19.62M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$21.01M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$36.17M	USD	2 Qtrs
Interest/other expense, net	`OtherNonoperatingIncomeExpense`	$-12.00K	USD	1 Quarter
Interest/other expense, net	`OtherNonoperatingIncomeExpense`	$-38.00K	USD	2 Qtrs
Interest/other expense, net	`OtherNonoperatingIncomeExpense`	$-26.00K	USD	2 Qtrs
Interest/other expense, net	`OtherNonoperatingIncomeExpense`	$-39.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$36.15M	USD	2 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.58M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.00M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.76M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$14.63M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$13.55M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$8.54M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$7.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.52M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$20.21M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.63M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.81	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.77	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.81	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.76	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.36M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.50M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.50M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.35M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.69M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.68M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.61M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.62M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.52M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$20.21M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.80M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.37M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$463.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$645.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$718.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$131.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$27.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$61.00K	USD	2 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$32.00K	USD	2 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$95.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$40.59M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.37M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.66M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$9.56M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.19M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.74M	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$94.00K	USD	2 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$26.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$37.23M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$10.46M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$3.60M	USD	2 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$596.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$17.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$16.47M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.75M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.78M	USD	2 Qtrs
Purchase of Softmart	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$33.98M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-39.77M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.75M	USD	2 Qtrs
Dividend payment	`PaymentsOfDividends`	$10.59M	USD	2 Qtrs
Issuance of stock under Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$435.00K	USD	2 Qtrs
Issuance of stock under Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$473.00K	USD	2 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$379.00K	USD	2 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$95.00K	USD	2 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$32.00K	USD	2 Qtrs
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$43.00K	USD	2 Qtrs
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$40.00K	USD	2 Qtrs
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$866.00K	USD	2 Qtrs
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-10.13M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.59M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-32.89M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$80.19M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.30M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$72.50M	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`	$80.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$72.50M	USD	Point-in-time
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$338.00K	USD	2 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$455.00K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$15.66M	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$16.50M	USD	2 Qtrs

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