$LGTY

2013 Q1 Form 10-Q Financial Statement

#000119312513093507 Filed on March 06, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q2 2012 Q1
Revenue $23.08M $27.93M $25.40M
YoY Change -9.14% 10.97% 24.68%
Cost Of Revenue $11.04M $12.47M $11.90M
YoY Change -7.15% 10.26% 18.71%
Gross Profit $12.03M $15.47M $13.50M
YoY Change -10.89% 11.6% 30.45%
Gross Profit Margin 52.14% 55.38% 53.16%
Selling, General & Admin $7.458M $8.530M $7.898M
YoY Change -5.57% 2.4% 21.51%
% of Gross Profit 61.98% 55.15% 58.5%
Research & Development $2.209M $3.020M $2.080M
YoY Change 6.2% 17.97% -15.1%
% of Gross Profit 18.36% 19.52% 15.41%
Depreciation & Amortization $1.033M $1.050M $1.071M
YoY Change -3.55% -3.67% -2.64%
% of Gross Profit 8.59% 6.79% 7.93%
Operating Expenses $9.741M $10.90M $10.21M
YoY Change -4.58% 6.34% 19.26%
Operating Profit $2.291M $4.565M $3.293M
YoY Change -30.43% 26.45% 83.97%
Interest Expense $290.0K $290.0K $300.0K
YoY Change -3.33% -14.71% -16.67%
% of Operating Profit 12.66% 6.35% 9.11%
Other Income/Expense, Net $164.0K $240.0K $182.0K
YoY Change -9.89% -7.69% 65.45%
Pretax Income $2.748M $5.090M $3.778M
YoY Change -27.26% 20.9% 67.91%
Income Tax $608.0K $1.610M $1.186M
% Of Pretax Income 22.13% 31.63% 31.39%
Net Earnings $2.140M $3.482M $2.592M
YoY Change -17.44% 26.62% 47.27%
Net Earnings / Revenue 9.27% 12.47% 10.21%
Basic Earnings Per Share $0.08 $0.10
Diluted Earnings Per Share $0.08 $0.13 $0.10
COMMON SHARES
Basic Shares Outstanding 27.19M shares 26.53M shares
Diluted Shares Outstanding 27.61M shares 27.27M shares

Balance Sheet

Concept 2013 Q1 2012 Q2 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.10M $59.40M $54.30M
YoY Change -4.05% 33.18% 28.98%
Cash & Equivalents $33.29M $39.11M $33.15M
Short-Term Investments $18.80M $20.30M $21.20M
Other Short-Term Assets $3.200M $3.200M $2.900M
YoY Change 10.34% 6.67% 3.57%
Inventory
Prepaid Expenses
Receivables $14.33M $15.21M $18.90M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $74.22M $82.39M $76.10M
YoY Change -2.48% 24.65% 30.53%
LONG-TERM ASSETS
Property, Plant & Equipment $4.633M $4.912M $5.100M
YoY Change -9.16% -13.82% -15.0%
Goodwill $12.60M $12.60M
YoY Change 0.0%
Intangibles $831.0K $1.263M
YoY Change -32.82%
Long-Term Investments $271.0K $275.0K $7.200M
YoY Change -96.24% -97.45% -30.77%
Other Assets $118.0K $86.00K $100.0K
YoY Change 18.0% -14.0% 0.0%
Total Long-Term Assets $32.26M $34.16M $34.10M
YoY Change -5.39% -11.8% -11.43%
TOTAL ASSETS
Total Short-Term Assets $74.22M $82.39M $76.10M
Total Long-Term Assets $32.26M $34.16M $34.10M
Total Assets $106.5M $116.6M $110.2M
YoY Change -3.38% 11.18% 13.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $506.0K $1.042M $1.400M
YoY Change -63.86% 4.2% 27.27%
Accrued Expenses $2.700M $5.200M $4.300M
YoY Change -37.21% 23.81% 79.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $25.99M $32.28M $29.40M
YoY Change -11.61% 9.81% 25.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $25.99M $32.28M $29.40M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $27.06M $33.52M $30.30M
YoY Change -10.71% 8.84% 23.67%
SHAREHOLDERS EQUITY
Retained Earnings $2.319M $8.024M
YoY Change
Common Stock $98.21M $95.39M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.28M $23.52M
YoY Change
Treasury Stock Shares 4.445M shares 4.349M shares
Shareholders Equity $79.42M $83.03M $79.80M
YoY Change
Total Liabilities & Shareholders Equity $106.5M $116.6M $110.2M
YoY Change -3.38% 11.21% 13.84%

Cashflow Statement

Concept 2013 Q1 2012 Q2 2012 Q1
OPERATING ACTIVITIES
Net Income $2.140M $3.482M $2.592M
YoY Change -17.44% 26.62% 47.27%
Depreciation, Depletion And Amortization $1.033M $1.050M $1.071M
YoY Change -3.55% -3.67% -2.64%
Cash From Operating Activities $4.680M $6.630M $7.620M
YoY Change -38.58% 309.26% 70.85%
INVESTING ACTIVITIES
Capital Expenditures $25.00K -$890.0K $35.00K
YoY Change -28.57% 34.85% -105.56%
Acquisitions
YoY Change
Other Investing Activities $280.0K $900.0K $1.640M
YoY Change -82.93% 100.0% -2.38%
Cash From Investing Activities -$590.0K $10.00K $910.0K
YoY Change -164.84% -105.0% -12.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.35M -680.0K 160.0K
YoY Change -6568.75% -168.0% -103.67%
NET CHANGE
Cash From Operating Activities 4.680M 6.630M 7.620M
Cash From Investing Activities -590.0K 10.00K 910.0K
Cash From Financing Activities -10.35M -680.0K 160.0K
Net Change In Cash -6.260M 5.960M 8.690M
YoY Change -172.04% 146.28% 662.28%
FREE CASH FLOW
Cash From Operating Activities $4.680M $6.630M $7.620M
Capital Expenditures $25.00K -$890.0K $35.00K
Free Cash Flow $4.655M $7.520M $7.585M
YoY Change -38.63% 229.82% 49.02%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
1100000
CY2012Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33153000
CY2013Q1 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
7039000
CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3788239 shares
CY2013Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3192000
CY2013Q1 us-gaap Treasury Stock Number Of Shares Held
TreasuryStockNumberOfSharesHeld
4444815 shares
CY2013Q1 us-gaap Goodwill
Goodwill
12601000
CY2013Q1 us-gaap Equity Method Investments
EquityMethodInvestments
271000
CY2013Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
3050000
CY2013Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
98210000
CY2013Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
118000
CY2013Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
4000000
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
79420000
CY2013Q1 us-gaap Held To Maturity Securities Unrecognized Holding Loss
HeldToMaturitySecuritiesUnrecognizedHoldingLoss
CY2013Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
447000.0
CY2013Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2680000
CY2013Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
4444815 shares
CY2013Q1 us-gaap Liabilities
Liabilities
27056000
CY2013Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
506000
CY2013Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
19752000
CY2013Q1 us-gaap Long Term Investments
LongTermInvestments
5516000
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2319000
CY2013Q1 us-gaap Assets
Assets
106476000
CY2013Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1068000
CY2013Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
4562000
CY2013Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
14333000
CY2013Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
106476000
CY2013Q1 us-gaap Treasury Stock Value
TreasuryStockValue
24277000
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33292000
CY2013Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
831000
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities Fair Value
HeldToMaturitySecuritiesDebtMaturitiesFairValue
450000
CY2013Q1 us-gaap Liabilities Current
LiabilitiesCurrent
25988000
CY2013Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
347000
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3847706 shares
CY2013Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
8562000
CY2013Q1 us-gaap Short Term Investments
ShortTermInvestments
18836000
CY2013Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2113000
CY2013Q1 us-gaap Assets Current
AssetsCurrent
74215000
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesNetCarryingAmount
447000
CY2013Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
29347000
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4633000
CY2013Q1 us-gaap Heldtomaturity Securities Unrecognized Holding Gain
HeldtomaturitySecuritiesUnrecognizedHoldingGain
3000
CY2013Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
447000
CY2013Q1 amswa Held To Maturity Securities Debt Maturities After Three Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterThreeYearsNetCarryingAmount
CY2013Q1 amswa Held To Maturity Securities Debt Maturities Within Three Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinThreeYearsNetCarryingAmount
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23928000
CY2012Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3184000
CY2012Q2 us-gaap Goodwill
Goodwill
12601000
CY2012Q2 us-gaap Equity Method Investments
EquityMethodInvestments
275000
CY2012Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
34000
CY2012Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
4198000
CY2012Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
95386000
CY2012Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
86000
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
83030000
CY2012Q2 us-gaap Held To Maturity Securities Unrecognized Holding Loss
HeldToMaturitySecuritiesUnrecognizedHoldingLoss
CY2012Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2012Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
1400000
CY2012Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5169000
CY2012Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
4348663 shares
CY2012Q2 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
5163000
CY2012Q2 us-gaap Liabilities
Liabilities
33523000
CY2012Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1042000
CY2012Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
19441000
CY2012Q2 us-gaap Long Term Investments
LongTermInvestments
7508000
CY2012Q2 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
230000
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
8024000
CY2012Q2 us-gaap Assets
Assets
116553000
CY2012Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1240000
CY2012Q2 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
4607000
CY2012Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
15205000
CY2012Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
116553000
CY2012Q2 us-gaap Treasury Stock Value
TreasuryStockValue
23519000
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39111000
CY2012Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1263000
CY2012Q2 us-gaap Held To Maturity Securities Debt Maturities Fair Value
HeldToMaturitySecuritiesDebtMaturitiesFairValue
1444000
CY2012Q2 us-gaap Liabilities Current
LiabilitiesCurrent
32283000
CY2012Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
171000
CY2012Q2 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
7791000
CY2012Q2 us-gaap Short Term Investments
ShortTermInvestments
20251000
CY2012Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1681000
CY2012Q2 us-gaap Assets Current
AssetsCurrent
82392000
CY2012Q2 us-gaap Held To Maturity Securities Debt Maturities Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesNetCarryingAmount
1428000
CY2012Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
28613000
CY2012Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
2433000
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4912000
CY2012Q2 us-gaap Heldtomaturity Securities Unrecognized Holding Gain
HeldtomaturitySecuritiesUnrecognizedHoldingGain
16000
CY2012Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
1198000
CY2012Q2 amswa Held To Maturity Securities Debt Maturities After Three Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterThreeYearsNetCarryingAmount
CY2012Q2 amswa Held To Maturity Securities Debt Maturities Within Three Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinThreeYearsNetCarryingAmount
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2700000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
13515000
us-gaap Operating Income Loss
OperatingIncomeLoss
11604000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
242000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-423000
us-gaap Gain Loss On Investments
GainLossOnInvestments
-479000
us-gaap Maintenance Revenue
MaintenanceRevenue
24074000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3248000
us-gaap Share Based Compensation
ShareBasedCompensation
932000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-560000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
722358 shares
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.27
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
997000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3459000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9652000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2723000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
495000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
257000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
9225000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9488000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-133000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
682500 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26959000 shares
us-gaap Sales Revenue Net
SalesRevenueNet
74704000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
347000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
12178000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
13637000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
us-gaap Licenses Revenue
LicensesRevenue
20539000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5979000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3150000
us-gaap Maintenance Costs
MaintenanceCosts
5524000
us-gaap Cost Of Revenue
CostOfRevenue
33375000
us-gaap Operating Expenses
OperatingExpenses
29725000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
468000
us-gaap Cost Of Services
CostOfServices
22382000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26308000 shares
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
4935000
us-gaap License Costs
LicenseCosts
5469000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
30091000
us-gaap Gross Profit
GrossProfit
41329000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-483000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
100000
us-gaap Tax Benefit From Stock Options Exercised1
TaxBenefitFromStockOptionsExercised1
674000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1041625 shares
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
11102000
us-gaap Reimbursement Revenue
ReimbursementRevenue
1300000
us-gaap Net Income Loss
NetIncomeLoss
7862000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
468000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4316000
us-gaap Payments Of Dividends
PaymentsOfDividends
7077000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
404000
amswa Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
217000
amswa Operating Income Loss Before Intersegment Elimination
OperatingIncomeLossBeforeIntersegmentElimination
11604000
amswa Payments To Develop Software To Be Sold Leased Or Otherwise Marketed
PaymentsToDevelopSoftwareToBeSoldLeasedOrOtherwiseMarketed
1955000
dei Trading Symbol
TradingSymbol
AMSWA
dei Entity Registrant Name
EntityRegistrantName
AMERICAN SOFTWARE INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-01-31
dei Entity Central Index Key
EntityCentralIndexKey
0000713425
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--04-30
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
768000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
10763000
us-gaap Operating Income Loss
OperatingIncomeLoss
10248000
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
325000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
162000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-15000
us-gaap Gain Loss On Investments
GainLossOnInvestments
-118000
us-gaap Maintenance Revenue
MaintenanceRevenue
25370000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3118000
us-gaap Share Based Compensation
ShareBasedCompensation
1117000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4173000
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
294006 shares
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
877000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
758000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1612000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10915000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2225000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4900000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
311000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 Segment
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
546000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5819000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8639000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27139000 shares
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
968000
us-gaap License Costs
LicenseCosts
4609000
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
34371000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
40000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
909862 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
648000 shares
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27601000 shares
us-gaap Sales Revenue Net
SalesRevenueNet
75253000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-917000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11287000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
14626000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
us-gaap Licenses Revenue
LicensesRevenue
15512000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6618000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14509000
us-gaap Maintenance Costs
MaintenanceCosts
5803000
us-gaap Cost Of Revenue
CostOfRevenue
34531000
us-gaap Operating Expenses
OperatingExpenses
30474000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
108000
us-gaap Cost Of Services
CostOfServices
24119000
us-gaap Gross Profit
GrossProfit
40722000
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
197000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-138000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
14000
us-gaap Tax Benefit From Stock Options Exercised1
TaxBenefitFromStockOptionsExercised1
124000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1500926 shares
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
13070000
us-gaap Reimbursement Revenue
ReimbursementRevenue
1700000
us-gaap Net Income Loss
NetIncomeLoss
7333000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
108000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3954000
us-gaap Payments Of Dividends
PaymentsOfDividends
15471000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
375000
amswa Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
216000
amswa Number Of Major Customer
NumberOfMajorCustomer
1 Customer
amswa Number Of Major Product And Service Groups
NumberOfMajorProductAndServiceGroups
4 Group
amswa Operating Income Loss Before Intersegment Elimination
OperatingIncomeLossBeforeIntersegmentElimination
10248000
amswa Payments To Develop Software To Be Sold Leased Or Otherwise Marketed
PaymentsToDevelopSoftwareToBeSoldLeasedOrOtherwiseMarketed
2647000
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3293000
CY2012Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
91000
CY2012Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
182000
CY2012Q1 us-gaap Maintenance Revenue
MaintenanceRevenue
8305000
CY2012Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1071000
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
346000
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.09
CY2012Q1 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
303000
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35000
CY2012Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3362000
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27271000 shares
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
25397000
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3778000
CY2012Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4536000
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2012Q1 us-gaap Licenses Revenue
LicensesRevenue
6803000
CY2012Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2080000
CY2012Q1 us-gaap Maintenance Costs
MaintenanceCosts
1871000
CY2012Q1 us-gaap Cost Of Revenue
CostOfRevenue
11895000
CY2012Q1 us-gaap Operating Expenses
OperatingExpenses
10209000
CY2012Q1 us-gaap Cost Of Services
CostOfServices
7876000
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26531000 shares
CY2012Q1 us-gaap License Costs
LicenseCosts
2148000
CY2012Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
10289000
CY2012Q1 us-gaap Gross Profit
GrossProfit
13502000
CY2012Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
924805 shares
CY2012Q1 us-gaap Reimbursement Revenue
ReimbursementRevenue
434000.0
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
2592000
CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1186000
CY2012Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
135000
CY2012Q1 amswa Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
96000
CY2012Q1 amswa Operating Income Loss Before Intersegment Elimination
OperatingIncomeLossBeforeIntersegmentElimination
3293000
CY2012Q1 amswa Payments To Develop Software To Be Sold Leased Or Otherwise Marketed
PaymentsToDevelopSoftwareToBeSoldLeasedOrOtherwiseMarketed
689000
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2291000
CY2013Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
109000
CY2013Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
164000
CY2013Q1 us-gaap Maintenance Revenue
MaintenanceRevenue
8586000
CY2013Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1033000
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
342000
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2013Q1 us-gaap Investment Income Nonoperating
InvestmentIncomeNonoperating
293000
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
25000
CY2013Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2590000
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27614000 shares
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
23076000
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2748000
CY2013Q1 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4868000
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
CY2013Q1 us-gaap Licenses Revenue
LicensesRevenue
4926000
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2209000
CY2013Q1 us-gaap Maintenance Costs
MaintenanceCosts
1893000
CY2013Q1 us-gaap Cost Of Revenue
CostOfRevenue
11044000
CY2013Q1 us-gaap Operating Expenses
OperatingExpenses
9741000
CY2013Q1 us-gaap Cost Of Services
CostOfServices
7354000
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27193000 shares
CY2013Q1 us-gaap License Costs
LicenseCosts
1797000
CY2013Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
9564000
CY2013Q1 us-gaap Gross Profit
GrossProfit
12032000
CY2013Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1712191 shares
CY2013Q1 us-gaap Reimbursement Revenue
ReimbursementRevenue
476000.0
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
2140000
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
608000
CY2013Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
125000
CY2013Q1 amswa Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
-51000
CY2013Q1 amswa Operating Income Loss Before Intersegment Elimination
OperatingIncomeLossBeforeIntersegmentElimination
2291000
CY2013Q1 amswa Payments To Develop Software To Be Sold Leased Or Otherwise Marketed
PaymentsToDevelopSoftwareToBeSoldLeasedOrOtherwiseMarketed
836000

Files In Submission

Name View Source Status
0001193125-13-093507-index-headers.html Edgar Link pending
0001193125-13-093507-index.html Edgar Link pending
0001193125-13-093507.txt Edgar Link pending
0001193125-13-093507-xbrl.zip Edgar Link pending
amswa-20130131.xml Edgar Link completed
amswa-20130131.xsd Edgar Link pending
amswa-20130131_cal.xml Edgar Link unprocessable
amswa-20130131_def.xml Edgar Link unprocessable
amswa-20130131_lab.xml Edgar Link unprocessable
amswa-20130131_pre.xml Edgar Link unprocessable
d444197d10q.htm Edgar Link pending
d444197dex311.htm Edgar Link pending
d444197dex312.htm Edgar Link pending
d444197dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending