10-Q Filing

PC CONNECTION INC CIK: 1050377 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-009350`
Period End Date	20160930
Filing Date	20161104
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	pccc-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 52 Cash Flow Statement 59

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$66.88M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$356.14M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$357.97M	USD	Point-in-time
Inventories	`InventoryNet`	$102.78M	USD	Point-in-time
Inventories	`InventoryNet`	$101.98M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$7.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.11M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.25M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.57M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$552.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$532.60M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$34.29M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$32.23M	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`	$12.14M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.19M	USD	Point-in-time
Total Assets	`Assets`	$639.07M	USD	Point-in-time
Total Assets	`Assets`	$647.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$166.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$159.62M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$36.21M	USD	Point-in-time
Accrued expenses and other liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$25.89M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$17.30M	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`	$202.81M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$13.87M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$3.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.28M	USD	Point-in-time
Total Liabilities	`Liabilities`	$218.96M	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`	$110.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$109.16M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$298.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$333.98M	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`	$428.77M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$392.45M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$647.73M	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`	$708.49M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.96B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$1.89B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$680.77M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$592.20M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.64B	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$611.52M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.68B	USD	3 Qtrs
Gross profit	`GrossProfit`	$249.17M	USD	3 Qtrs
Gross profit	`GrossProfit`	$96.97M	USD	1 Quarter
Gross profit	`GrossProfit`	$273.03M	USD	3 Qtrs
Gross profit	`GrossProfit`	$88.57M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$74.52M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$193.50M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$66.71M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$214.41M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$21.86M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$55.66M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$22.45M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$58.62M	USD	3 Qtrs
Interest/other expense, net	`OtherNonoperatingIncomeExpense`	$-27.00K	USD	1 Quarter
Interest/other expense, net	`OtherNonoperatingIncomeExpense`	$-29.00K	USD	1 Quarter
Interest/other expense, net	`OtherNonoperatingIncomeExpense`	$-67.00K	USD	3 Qtrs
Interest/other expense, net	`OtherNonoperatingIncomeExpense`	$-53.00K	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.83M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$55.60M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.57M	USD	3 Qtrs
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.42M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$23.45M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$8.82M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$22.38M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$8.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$35.11M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$33.21M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.59M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.26	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.32	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.25	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.32	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.42M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.28M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.54M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.51M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.70M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.51M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.74M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.62M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$35.11M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$33.21M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.59M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.50M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.60M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.23M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$720.00K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$975.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$239.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.10M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$165.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$56.00K	USD	3 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$385.00K	USD	3 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$472.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-19.53M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$39.26M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-954.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$11.66M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-506.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-79.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$449.00K	USD	3 Qtrs
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$141.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-20.92M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$35.65M	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-279.00K	USD	3 Qtrs
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-3.76M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$25.30M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$39.78M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.75M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.07M	USD	3 Qtrs
Purchase of Softmart	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$33.98M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-42.73M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.07M	USD	3 Qtrs
Dividend payment	`PaymentsOfDividends`	$10.59M	USD	3 Qtrs
Issuance of stock under Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$435.00K	USD	3 Qtrs
Issuance of stock under Employee Stock Purchase Plan	`ProceedsFromStockPlans`	$473.00K	USD	3 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$385.00K	USD	3 Qtrs
Excess tax benefit from exercise of equity awards	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$472.00K	USD	3 Qtrs
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$379.00K	USD	3 Qtrs
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$564.00K	USD	3 Qtrs
Payment of payroll taxes on stock-based compensation through shares withheld	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$625.00K	USD	3 Qtrs
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$722.00K	USD	3 Qtrs
Net cash (used for) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-10.36M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.30M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.96M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$76.87M	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`	$60.91M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$66.88M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$76.87M	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`	$60.91M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$66.88M	USD	Point-in-time
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$160.00K	USD	3 Qtrs
Accrued capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$711.00K	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$23.95M	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	$23.36M	USD	3 Qtrs

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