$HNNA
HENNESSY ADVISORS INC

2013 Form 10-K Financial Statement

#000119312513462278 Filed on December 04, 2013

View on sec.gov

Income Statement

Concept 2013 2012 Q3 2012
Revenue $24.31M $1.910M $7.072M
YoY Change 243.72% 6.7% -7.43%
Cost Of Revenue $3.940M $130.0K $550.0K
YoY Change 616.36% -13.33% -12.7%
Gross Profit $20.37M $1.780M $6.520M
YoY Change 212.42% 8.54% -6.99%
Gross Profit Margin 83.8% 93.19% 92.19%
Selling, General & Admin $11.25M $1.280M $4.650M
YoY Change 141.94% 11.3% -2.31%
% of Gross Profit 55.23% 71.91% 71.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $190.0K $30.00K $100.0K
YoY Change 90.0% 50.0% 0.0%
% of Gross Profit 0.93% 1.69% 1.53%
Operating Expenses $15.38M $1.300M $5.290M
YoY Change 190.72% 11.11% 8.62%
Operating Profit $8.929M $480.0K $1.782M
YoY Change 401.07% 2.13% -16.73%
Interest Expense $668.0K -$10.00K $51.00K
YoY Change 1209.8% -50.0% -172.86%
% of Operating Profit 7.48% -2.08% 2.86%
Other Income/Expense, Net -$109.0K $0.00 $1.000K
YoY Change -11000.0%
Pretax Income $8.152M $470.0K $1.732M
YoY Change 370.67% 2.17% -16.73%
Income Tax $3.332M $200.0K $761.3K
% Of Pretax Income 40.87% 42.55% 43.95%
Net Earnings $4.820M $270.0K $971.0K
YoY Change 396.4% 0.0% -20.41%
Net Earnings / Revenue 19.83% 14.14% 13.73%
Basic Earnings Per Share $0.83 $0.17
Diluted Earnings Per Share $0.83 $30.54K $0.17
COMMON SHARES
Basic Shares Outstanding 5.810M shares 5.743M shares
Diluted Shares Outstanding 5.810M shares 5.754M shares

Balance Sheet

Concept 2013 2012 Q3 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.400M $8.700M $8.700M
YoY Change -3.45% 3.57% 3.57%
Cash & Equivalents $8.400M $8.730M $8.700M
Short-Term Investments $0.00 $0.00 $0.00
Other Short-Term Assets $500.0K $14.00K $400.0K
YoY Change 25.0% -96.5% 0.0%
Inventory
Prepaid Expenses $190.0K
Receivables $2.400M $643.0K $600.0K
Other Receivables $400.0K $100.0K $100.0K
Total Short-Term Assets $11.70M $9.749M $9.700M
YoY Change 20.62% 4.83% 4.3%
LONG-TERM ASSETS
Property, Plant & Equipment $300.0K $148.3K $100.0K
YoY Change 200.0% 48.34% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $400.0K $400.0K
YoY Change -100.0% 33.33% 33.33%
Other Assets $400.0K $44.00K $0.00
YoY Change -56.0% -100.0%
Total Long-Term Assets $63.00M $23.15M $23.20M
YoY Change 171.55% 1.55% 1.75%
TOTAL ASSETS
Total Short-Term Assets $11.70M $9.749M $9.700M
Total Long-Term Assets $63.00M $23.15M $23.20M
Total Assets $74.70M $32.90M $32.90M
YoY Change 127.05% 2.5% 2.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.100M $1.100M $1.100M
YoY Change 181.82% 22.22% 22.22%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.800M $625.0K $600.0K
YoY Change 200.0% 4.17% 0.0%
Total Short-Term Liabilities $12.50M $1.847M $1.800M
YoY Change 594.44% 23.13% 20.0%
LONG-TERM LIABILITIES
Long-Term Debt $15.00M $1.302M $1.300M
YoY Change 1053.85% -31.47% -31.58%
Other Long-Term Liabilities $11.60M
YoY Change
Total Long-Term Liabilities $26.60M $1.302M $1.300M
YoY Change 1946.15% -31.47% -31.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.50M $1.847M $1.800M
Total Long-Term Liabilities $26.60M $1.302M $1.300M
Total Liabilities $44.90M $7.678M $7.700M
YoY Change 483.12% 5.18% 5.48%
SHAREHOLDERS EQUITY
Retained Earnings $15.75M
YoY Change
Common Stock $9.584M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.80M $25.20M $25.20M
YoY Change
Total Liabilities & Shareholders Equity $74.70M $32.90M $32.90M
YoY Change 127.05% 2.5% 2.49%

Cashflow Statement

Concept 2013 2012 Q3 2012
OPERATING ACTIVITIES
Net Income $4.820M $270.0K $971.0K
YoY Change 396.4% 0.0% -20.41%
Depreciation, Depletion And Amortization $190.0K $30.00K $100.0K
YoY Change 90.0% 50.0% 0.0%
Cash From Operating Activities $6.158M $750.0K $2.037M
YoY Change 202.31% 50.0% 8.35%
INVESTING ACTIVITIES
Capital Expenditures $253.0K -$260.0K $101.0K
YoY Change 150.5% 2500.0% -302.0%
Acquisitions
YoY Change
Other Investing Activities $400.0K
YoY Change
Cash From Investing Activities -$20.53M -$260.0K -$374.0K
YoY Change 5389.04% 2500.0% 648.0%
FINANCING ACTIVITIES
Cash Dividend Paid $729.0K $685.0K
YoY Change 6.42%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.585M $625.0K
YoY Change 153.6%
Cash From Financing Activities 14.05M -340.0K -1.295M
YoY Change -1184.71% 13.33% -14.8%
NET CHANGE
Cash From Operating Activities 6.158M 750.0K 2.037M
Cash From Investing Activities -20.53M -260.0K -374.0K
Cash From Financing Activities 14.05M -340.0K -1.295M
Net Change In Cash -324.0K 150.0K 368.0K
YoY Change -188.04% -21.05% 18.71%
FREE CASH FLOW
Cash From Operating Activities $6.158M $750.0K $2.037M
Capital Expenditures $253.0K -$260.0K $101.0K
Free Cash Flow $5.905M $1.010M $1.936M
YoY Change 205.01% 98.04% 0.31%

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CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
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CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1652900
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OperatingExpenses
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CY2013 us-gaap Amortization Of Debt Discount Premium
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44956
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2013 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001145255
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Current Fiscal Year End Date
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--09-30
CY2013 dei Document Fiscal Period Focus
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FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
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0.3400 pure
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0.34 pure
CY2013 hnna Number Of Monthly Installment Payable
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0.83
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2017-10-26
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P1Y18D
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0.4087 pure
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6158000
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0.0054 pure
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0.409 pure
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59 Months
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CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <table style="BORDER-COLLAPSE: collapse; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="4%">&#xA0;</td> <td valign="top" width="4%" align="left">(j)</td> <td valign="top" align="left">Use of Estimates</td> </tr> </table> <p style="MARGIN-TOP: 6pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 4%; FONT-SIZE: 10pt"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</p> </div>
CY2013 us-gaap Revenues
Revenues
24308000
CY2013 us-gaap Trading Securities Unrealized Holding Gain
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15000
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GainLossOnInvestments
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141000
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PaymentsOfLoanCosts
223000
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StockIssuedDuringPeriodValueRestrictedStockAwardGross
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OtherNonoperatingIncomeExpense
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IncomeTaxesPaid
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LineOfCreditFacilityPeriodicPaymentInterest
153333
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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ProceedsFromSaleOfAvailableForSaleSecurities
404000
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InterestExpense
668000
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IncreaseDecreaseInAccruedIncomeTaxesPayable
-4000
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TradingSecuritiesUnrealizedHoldingLoss
12000
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DeferredFederalIncomeTaxExpenseBenefit
1060900
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StockIssuedDuringPeriodValueStockOptionsExercised
15000
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IncomeTaxesPaid
70000
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IncreaseDecreaseInOtherOperatingAssets
-5000
CY2012 us-gaap Servicing Fees
ServicingFees
786000
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
863000
CY2013 us-gaap Servicing Fees
ServicingFees
885000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4820000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
8929000
CY2013 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
20680000
CY2013 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
79000
CY2013 us-gaap Interest Paid
InterestPaid
617000
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1000
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8152000
CY2013 us-gaap Increase Decrease In Receivables
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1759000
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NetIncomeLoss
4820000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8000
CY2013 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
23423000
CY2013 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
298000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
253000
CY2013 us-gaap Payments Of Dividends
PaymentsOfDividends
729000
CY2013 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1897000
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3117000
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NetCashProvidedByUsedInFinancingActivities
14047000
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ProceedsFromBankDebt
16525000
CY2013 us-gaap Subadvisory Fees For Mutual Funds
SubadvisoryFeesForMutualFunds
3942000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1299300
CY2013 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1000
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
729000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
8000
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StockRepurchasedDuringPeriodValue
181000
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
188000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-324000
CY2013 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
-55000
CY2013 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
6665000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20529000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
108000
CY2013 us-gaap Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
108000
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
59000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
238400
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2032200
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
1782000
CY2012 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
273000
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
625000
CY2013 hnna Effective Income Tax Rate Reconciliation Permanent And Other Differences
EffectiveIncomeTaxRateReconciliationPermanentAndOtherDifferences
0.0050 pure
CY2013 hnna Line Of Credit Facility Loan Cost
LineOfCreditFacilityLoanCost
250000
CY2013 hnna Notice Period For Termination Of Agreement
NoticePeriodForTerminationOfAgreement
P60D
CY2013 hnna Amortized Period Of Line Of Credit Facility Cost
AmortizedPeriodOfLineOfCreditFacilityCost
P60M
CY2013 hnna Tax Benefit Expense From Stock Options Exercised
TaxBenefitExpenseFromStockOptionsExercised
-298000
CY2013 hnna Number Of Investment Fund
NumberOfInvestmentFund
16 Funds
CY2013 hnna Maximum Aggregate Fair Market Value Of Options Granted To Individual
MaximumAggregateFairMarketValueOfOptionsGrantedToIndividual
100000
CY2013 hnna Number Of Open End Mutual Funds
NumberOfOpenEndMutualFunds
16 Funds
CY2013 hnna Weighted Average Vesting Period For Recognition Of Compensation Expenses
WeightedAverageVestingPeriodForRecognitionOfCompensationExpenses
P4Y
CY2013 hnna Share Based Compensation Arrangement By Share Based Payment Award Award Grant Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardGrantPeriod
P10Y
CY2013 hnna Indefinitelived Contractual Rights Beginning Balance
IndefinitelivedContractualRightsBeginningBalance
22557186
CY2013 hnna Increase In Management Contracts Capitalized Transaction Costs
IncreaseInManagementContractsCapitalizedTransactionCosts
988100
CY2013 hnna Payment Of Contingent Purchase Price Current
PaymentOfContingentPurchasePriceCurrent
7567712
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
2.97
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
206612 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5754336 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3400 pure
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y5M12D
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.4394 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
pure
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
11405 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
0.439 pure
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2037000
CY2012 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.97
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5742931 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5000 shares
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0573 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
433438 shares
CY2012 us-gaap Revenues
Revenues
7072000
CY2012 us-gaap Trading Securities Unrealized Holding Gain
TradingSecuritiesUnrealizedHoldingGain
14000
CY2012 us-gaap Gain Loss On Investments
GainLossOnInvestments
7000
CY2012 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-108000
CY2012 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-10000
CY2012 us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
-15000
CY2012 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-678000
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000
CY2012 us-gaap Increase Decrease In Prepaid Expense
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-46000
CY2012 us-gaap Interest Paid
InterestPaid
52000
CY2012 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
24000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1732000
CY2012 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
95000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
971000
CY2012 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
52000
CY2012 us-gaap Investment Advisory Fees
InvestmentAdvisoryFees
6286000
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
-25000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
101000
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
685000
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
81000
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
214000
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1642000
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NetCashProvidedByUsedInFinancingActivities
-1295000
CY2012 us-gaap Subadvisory Fees For Mutual Funds
SubadvisoryFeesForMutualFunds
545000
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
1000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
653800
CY2012 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
24000
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
685000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
52000
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
95000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
368000
CY2012 us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
63000
CY2012 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2431000
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
28600
CY2012 us-gaap Restricted Stock Award Forfeitures
RestrictedStockAwardForfeitures
-1000
CY2012 us-gaap Interest Expense
InterestExpense
51000
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
48000
CY2012 us-gaap Trading Securities Unrealized Holding Loss
TradingSecuritiesUnrealizedHoldingLoss
12000
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
531700
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-374000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
122100
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
107500
CY2012 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
78900
CY2012 us-gaap Operating Expenses
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5290000
CY2012 us-gaap Amortization Of Debt Discount Premium
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6295
CY2012 us-gaap Income Tax Expense Benefit
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761300
CY2012 hnna Distribution Expense
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577000
CY2012 hnna Effective Income Tax Rate Reconciliation Permanent And Other Differences
EffectiveIncomeTaxRateReconciliationPermanentAndOtherDifferences
0.0411 pure
CY2012 hnna Tax Benefit Expense From Stock Options Exercised
TaxBenefitExpenseFromStockOptionsExercised
25000

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