$LQDT
LIQUIDITY SERVICES INC

2012 Q3 Form 10-K Financial Statement

#000104746912010864 Filed on November 29, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2012 Q2 2011 Q3
Revenue $122.3M $121.3M $79.21M
YoY Change 54.38% 45.57% 12.83%
Cost Of Revenue $50.60M $49.20M $25.40M
YoY Change 99.21% 54.72% -4.51%
Gross Profit $71.60M $72.10M $53.80M
YoY Change 33.09% 40.0% 23.39%
Gross Profit Margin 58.56% 59.45% 67.93%
Selling, General & Admin $52.00M $42.20M $40.80M
YoY Change 27.45% 13.14% 11.78%
% of Gross Profit 72.63% 58.53% 75.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.600M $3.500M $1.540M
YoY Change 133.77% 133.33% 77.01%
% of Gross Profit 5.03% 4.85% 2.86%
Operating Expenses $55.60M $45.70M $42.40M
YoY Change 31.13% 17.48% 12.17%
Operating Profit $8.765M $25.29M $9.613M
YoY Change -8.82% 103.06% 65.74%
Interest Expense -$600.0K -$500.0K -$400.0K
YoY Change 50.0% 66.67% -20.0%
% of Operating Profit -6.85% -1.98% -4.16%
Other Income/Expense, Net
YoY Change
Pretax Income $8.171M $24.77M $9.200M
YoY Change -11.18% 103.4% 73.58%
Income Tax $2.600M $9.900M $2.500M
% Of Pretax Income 31.82% 39.96% 27.17%
Net Earnings $5.500M $14.90M $3.100M
YoY Change 77.42% -1454.55% 24.0%
Net Earnings / Revenue 4.5% 12.29% 3.91%
Basic Earnings Per Share $0.18 $0.48 $0.11
Diluted Earnings Per Share $0.17 $0.45 $0.10
COMMON SHARES
Basic Shares Outstanding 31.05M shares 31.14M shares 28.51M shares
Diluted Shares Outstanding 32.79M shares 33.18M shares 30.53M shares

Balance Sheet

Concept 2012 Q3 2012 Q2 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $104.8M $84.60M $129.0M
YoY Change -18.76% -18.97% 69.96%
Cash & Equivalents $104.8M $84.60M $129.0M
Short-Term Investments $0.00
Other Short-Term Assets $20.90M $20.90M $21.20M
YoY Change -1.42% 36.6% 54.74%
Inventory $20.67M $26.40M $15.07M
Prepaid Expenses
Receivables $16.23M $12.10M $6.049M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $162.6M $144.1M $171.3M
YoY Change -5.07% 3.22% 57.55%
LONG-TERM ASSETS
Property, Plant & Equipment $10.38M $7.200M $7.042M
YoY Change 47.43% -10.0% 12.01%
Goodwill $185.8M $40.55M
YoY Change 358.14% 1.8%
Intangibles $34.20M $2.993M
YoY Change 1042.8% 4.83%
Long-Term Investments
YoY Change
Other Assets $7.474M $5.800M $5.970M
YoY Change 25.19% -9.38% -5.16%
Total Long-Term Assets $237.8M $195.5M $56.55M
YoY Change 320.54% 235.33% 0.62%
TOTAL ASSETS
Total Short-Term Assets $162.6M $144.1M $171.3M
Total Long-Term Assets $237.8M $195.5M $56.55M
Total Assets $400.4M $339.6M $227.8M
YoY Change 75.77% 71.6% 38.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.997M $21.00M $8.590M
YoY Change 16.38% -16.67% 22.21%
Accrued Expenses $36.60M $29.70M $23.40M
YoY Change 56.41% 62.3% 2.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00M $9.500M $0.00
YoY Change
Total Short-Term Liabilities $109.4M $68.80M $59.57M
YoY Change 83.63% 35.43% 22.47%
LONG-TERM LIABILITIES
Long-Term Debt $32.00M $32.00M $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $4.700M
YoY Change -100.0% -100.0% 147.37%
Total Long-Term Liabilities $32.00M $32.00M $4.700M
YoY Change 580.85% 580.85% 147.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $109.4M $68.80M $59.57M
Total Long-Term Liabilities $32.00M $32.00M $4.700M
Total Liabilities $150.4M $103.0M $66.39M
YoY Change 126.53% 78.82% 26.39%
SHAREHOLDERS EQUITY
Retained Earnings $66.37M $58.33M
YoY Change 13.78% 17.09%
Common Stock $182.4M $124.9M
YoY Change 46.01% 462548.15%
Preferred Stock
YoY Change
Treasury Stock (at cost) $21.88M
YoY Change 19.3%
Treasury Stock Shares
Shareholders Equity $250.0M $236.5M $161.4M
YoY Change
Total Liabilities & Shareholders Equity $400.4M $339.6M $227.8M
YoY Change 75.77% 71.6% 38.15%

Cashflow Statement

Concept 2012 Q3 2012 Q2 2011 Q3
OPERATING ACTIVITIES
Net Income $5.500M $14.90M $3.100M
YoY Change 77.42% -1454.55% 24.0%
Depreciation, Depletion And Amortization $3.600M $3.500M $1.540M
YoY Change 133.77% 133.33% 77.01%
Cash From Operating Activities $12.91M $670.0K $11.90M
YoY Change 8.49% -94.41% 58.46%
INVESTING ACTIVITIES
Capital Expenditures $4.300M -$790.0K -$480.0K
YoY Change -995.83% -92.43% -89.54%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $10.93M
YoY Change -100.0% -100.0% -192.08%
Cash From Investing Activities $4.300M -$790.0K $10.45M
YoY Change -58.85% -90.71% -163.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.240M -20.08M 14.74M
YoY Change -78.02% -412.29% 2133.33%
NET CHANGE
Cash From Operating Activities 12.91M 670.0K 11.90M
Cash From Investing Activities 4.300M -790.0K 10.45M
Cash From Financing Activities 3.240M -20.08M 14.74M
Net Change In Cash 20.45M -20.20M 37.09M
YoY Change -44.86% -303.63% -547.41%
FREE CASH FLOW
Cash From Operating Activities $12.91M $670.0K $11.90M
Capital Expenditures $4.300M -$790.0K -$480.0K
Free Cash Flow $8.610M $1.460M $12.38M
YoY Change -30.45% -93.49% 2.31%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2012 lqdt Increase Decrease In Acquisition Earn Out Payables
IncreaseDecreaseInAcquisitionEarnOutPayables
3826000 USD
CY2012Q3 us-gaap Other Assets Noncurrent
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CY2012Q3 us-gaap Accounts Payable Current
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CY2012Q3 lqdt Accrued Expenses And Other Current Liabilities
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CY2012Q3 lqdt Profit Sharing Distributions Payable
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4041000 USD
CY2012Q3 lqdt Business Acquisition Earn Out Current Liabilities
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CY2012Q3 lqdt Customer Payables
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34255000 USD
CY2012Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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154000 USD
CY2011Q3 us-gaap Common Stock Shares Outstanding
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CY2012 us-gaap Sales Revenue Goods Net
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CY2012 us-gaap Sales Revenue Services Net
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59475000 USD
CY2011 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
297584000 USD
CY2011 us-gaap Sales Revenue Services Net
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29794000 USD
CY2010 us-gaap Sales Revenue Goods Net
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249337000 USD
CY2010 us-gaap Sales Revenue Services Net
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23678000 USD
CY2012 lqdt Cost Of Goods Sold Excluding Amortization
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198123000 USD
CY2012 lqdt Profit Sharing Distributions
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43242000 USD
CY2012 lqdt Technology And Operation
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67553000 USD
CY2012 us-gaap General And Administrative Expense
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CY2012 us-gaap Depreciation And Amortization
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CY2012 lqdt Acquisition Costs And Goodwill Impairment
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CY2012 us-gaap Share Based Compensation
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CY2012 us-gaap Inventory Write Down
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884000 USD
CY2012 us-gaap Provision For Doubtful Accounts
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CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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CY2012 us-gaap Increase Decrease In Accounts Receivable
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CY2012 us-gaap Increase Decrease In Inventories
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CY2012 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2012 us-gaap Increase Decrease In Accounts Payable
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CY2012 us-gaap Increase Decrease In Other Accrued Liabilities
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CY2012 lqdt Increase Decrease In Profit Sharing Distributions Payable
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CY2012 lqdt Increase Decrease In Customer Payables
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CY2012 us-gaap Increase Decrease In Other Operating Liabilities
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205000 USD
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2012 lqdt Increase In Goodwill And Intangibles And Cash Paid For Acquisitions
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CY2012 lqdt Number Of Product Categories Offered
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CY2012 us-gaap Number Of Reportable Segments
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CY2012 us-gaap Use Of Estimates
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<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <ul> <li style="list-style: none"> <p style="FONT-FAMILY: times"><font size="2"><b>Use of Estimates </b></font></p></li></ul> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. </font></p></td></tr></table>
CY2012 us-gaap Concentration Risk Credit Risk
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<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <ul> <li style="list-style: none"> <p style="FONT-FAMILY: times"><font size="2"><b>Risk Associated with Certain Concentrations </b></font></p></li></ul> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company does not perform credit evaluations for the majority of its buyers. However, substantially all sales are recorded subsequent to payment authorization being received. As a result, the Company is not subject to significant collection risk, as most goods are not shipped before payment is received. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For consignment sales transactions, funds are collected from buyers and are held by the Company on the sellers' behalf. The funds are included in cash and cash equivalents in the consolidated financial statements. The Company releases the funds to the seller, less the Company's commission and other fees due, after the buyer has accepted the goods or within 30&#160;days, depending on the state where the buyer and seller conduct business. The amount of cash held on behalf of the sellers is recorded as customer payables in the accompanying consolidated balance sheets. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents in banks over FDIC limits, short-term investments and accounts receivable. The Company deposits its cash with financial institutions that the Company considers to be of high credit quality. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For the years ended September&#160;30, 2012, 2011, and 2010, approximately 20%, 11%, and 11% of the Company's Gross Merchandise Volume (GMV) was generated from Wal-Mart under multiple contracts / programs. </font></p></td></tr></table>
CY2012 us-gaap Available For Sale Securities Gross Realized Losses
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CY2011 us-gaap Available For Sale Securities Gross Realized Losses
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CY2011Q3 us-gaap Property Plant And Equipment Net
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CY2012 us-gaap Depreciation Depletion And Amortization
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CY2011 us-gaap Depreciation Depletion And Amortization
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CY2010 us-gaap Depreciation Depletion And Amortization
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CY2012 us-gaap Payments For Repurchase Of Common Stock
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CY2012 us-gaap Proceeds From Stock Options Exercised
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CY2012 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2012 us-gaap Income Taxes Paid
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CY2012 us-gaap Interest Paid
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CY2012 us-gaap Notes Issued1
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CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2012 us-gaap Income Loss From Continuing Operations
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CY2011 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2012 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2011 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2012 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2011 us-gaap Earnings Per Share Diluted
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CY2012 lqdt Performance Incentive
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CY2012Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2012Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2011Q3 us-gaap Deferred Rent Credit
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CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
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CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
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CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due
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CY2012 us-gaap Operating Leases Rent Expense Net
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CY2010 us-gaap Operating Leases Rent Expense Net
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CY2012 us-gaap Current Federal Tax Expense Benefit
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CY2010 us-gaap Current Federal Tax Expense Benefit
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CY2012 us-gaap Current State And Local Tax Expense Benefit
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CY2012 us-gaap Current Foreign Tax Expense Benefit
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CY2012 us-gaap Current Income Tax Expense Benefit
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CY2010 us-gaap Current Income Tax Expense Benefit
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CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2012 us-gaap Income Tax Expense Benefit
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CY2012Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2012Q3 us-gaap Deferred Tax Assets Liabilities Net
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CY2011Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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3341000 USD
CY2011Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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CY2011Q3 lqdt Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences And Employee Bonuses
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952000 USD
CY2011Q3 us-gaap Deferred Tax Assets Inventory
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CY2011 us-gaap Income Tax Expense Benefit
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CY2012Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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3170000 USD
CY2012Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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2541000 USD
CY2012Q3 lqdt Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Compensated Absences And Employee Bonuses
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCompensatedAbsencesAndEmployeeBonuses
1360000 USD
CY2012Q3 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
2815000 USD
CY2012Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
336000 USD
CY2012Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
5134000 USD
CY2012Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
3842000 USD
CY2012Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
20587000 USD
CY2012Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4558000 USD
CY2012Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
16029000 USD
CY2012Q3 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
2644000 USD
CY2011Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
200000 USD
CY2011Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
4672000 USD
CY2011Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1441000 USD
CY2011Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
15824000 USD
CY2011Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3341000 USD
CY2011Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
12483000 USD
CY2011Q3 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
1556000 USD
CY2011Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1781000 USD
CY2011Q3 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
110000 USD
CY2011Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
9036000 USD
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.039 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.043 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.076 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.007 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.396 pure
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.428 pure
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.447 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
18762000 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
LIQUIDITY SERVICES INC
CY2010Q4 us-gaap Sales Revenue Net
SalesRevenueNet
75450000 USD
CY2011Q1 us-gaap Sales Revenue Net
SalesRevenueNet
89413000 USD
CY2011Q2 us-gaap Sales Revenue Net
SalesRevenueNet
83310000 USD
CY2011Q4 us-gaap Sales Revenue Net
SalesRevenueNet
106031000 USD
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
125724000 USD
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
121273000 USD
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
79205000 USD
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001235468
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2011Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
6683000 USD
CY2010Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
2147000 USD
CY2011Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
6158000 USD
CY2011Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
5691000 USD
CY2011Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
9126000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.23
CY2010Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.03
CY2012Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
14863000 USD
CY2010Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-764000 USD
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1099000 USD
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-6747000 USD
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-3557000 USD
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2010Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1383000 USD
CY2011Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5059000 USD
CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1056000 USD
CY2011Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9126000 USD
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18762000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14863000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3126000 USD
CY2010Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.08
CY2011Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.22
CY2011Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.20
CY2011Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.30
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.61
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.48
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.04
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.24
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.12
CY2011 lqdt Performance Incentive
PerformanceIncentive
1601000 USD
CY2010 lqdt Performance Incentive
PerformanceIncentive
1286000 USD
CY2010Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2010Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.08
CY2011Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.22
CY2011Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.19
CY2011Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.28
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.57
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.45
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.22
CY2010Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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-0.03
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.04
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.23
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.12
CY2010Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2011Q1 us-gaap Earnings Per Share Diluted
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0.18
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2012Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2010Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27798989 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27928750 shares
CY2011Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30393309 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
30840322 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31140261 shares
CY2010Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28291022 shares
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28068461 shares
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29440811 shares
CY2011Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32382518 shares
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32778428 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33183165 shares
CY2012Q3 us-gaap Notes Payable Current
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10000000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
49490000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13209000 USD
CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
10986000 USD
CY2005Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
10000000 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2553574 shares
CY2012Q3 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent
9022000 USD
CY2012Q3 us-gaap Share Price
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50.21
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9136000 USD
CY2010 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7891000 USD
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12117000 USD
CY2012Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
27136000 USD
CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P27M15D
CY2008Q4 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
10000000 USD
CY2010Q1 lqdt Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
10000000 USD
CY2010Q4 lqdt Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
10000000 USD
CY2011Q2 lqdt Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
10000000 USD
CY2010 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1225019 shares
CY2011 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
229575 shares
CY2012 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
18114000 USD
CY2012Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
1675795 shares
CY2012 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P6Y6M7D
CY2012Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
13.84
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q1 dei Entity Public Float
EntityPublicFloat
1090686912 USD
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
31453924 shares
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012Q3 us-gaap Assets Current
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CY2012Q3 us-gaap Assets
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400408000 USD
CY2012Q3 us-gaap Liabilities Current
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109383000 USD
CY2010 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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19606000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10719000 USD
CY2010 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
138000 USD
CY2011 us-gaap Payments For Repurchase Of Common Stock
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3541000 USD
CY2010 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14470000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
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23639000 USD
CY2011Q3 us-gaap Common Stock Value
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29000 USD
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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128984000 USD
CY2011Q3 us-gaap Accounts Receivable Net Current
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6049000 USD
CY2011Q3 us-gaap Inventory Net
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15065000 USD
CY2011Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
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277000 USD
CY2011Q3 us-gaap Assets Current
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171253000 USD
CY2011Q3 us-gaap Intangible Assets Net Excluding Goodwill
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2993000 USD
CY2011Q3 us-gaap Other Assets Noncurrent
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5970000 USD
CY2012Q3 us-gaap Liabilities
Liabilities
150405000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
250003000 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
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400408000 USD
CY2011Q3 us-gaap Assets
Assets
227807000 USD
CY2011Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
8590000 USD
CY2011Q3 lqdt Profit Sharing Distributions Payable
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7267000 USD
CY2011Q3 lqdt Business Acquisition Earn Out Current Liabilities
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5410000 USD
CY2011Q3 lqdt Customer Payables
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12728000 USD
CY2011Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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2160000 USD
CY2011Q3 us-gaap Liabilities Current
LiabilitiesCurrent
59566000 USD
CY2011Q3 lqdt Business Acquisition Earn Out Noncurrent Liabilities
BusinessAcquisitionEarnOutNoncurrentLiabilities
4741000 USD
CY2011Q3 us-gaap Deferred Income Taxes And Other Liabilities Noncurrent
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2087000 USD
CY2011Q3 us-gaap Liabilities
Liabilities
66394000 USD
CY2011Q3 us-gaap Additional Paid In Capital Common Stock
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124886000 USD
CY2011Q3 us-gaap Treasury Stock Value
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21884000 USD
CY2011Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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52000 USD
CY2011Q3 us-gaap Retained Earnings Accumulated Deficit
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58330000 USD
CY2011Q3 us-gaap Stockholders Equity
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161413000 USD
CY2011Q3 us-gaap Liabilities And Stockholders Equity
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227807000 USD
CY2011Q3 lqdt Accrued Expenses And Other Current Liabilities
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23411000 USD
CY2012Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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1248000 USD
CY2011Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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514000 USD
CY2012Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2011Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2012Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
120000000 shares
CY2011Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
120000000 shares
CY2012Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
31138111 shares
CY2011Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
31192608 shares
CY2012Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
31138111 shares
CY2012 us-gaap Sales Revenue Net
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475304000 USD
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
393138000 USD
CY2012 us-gaap Operating Income Loss
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82166000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
79948000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
52629000 USD
CY2011 us-gaap Sales Revenue Net
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327378000 USD
CY2010 us-gaap Sales Revenue Net
SalesRevenueNet
273015000 USD
CY2011 lqdt Cost Of Goods Sold Excluding Amortization
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126395000 USD
CY2010 lqdt Cost Of Goods Sold Excluding Amortization
CostOfGoodsSoldExcludingAmortization
109376000 USD
CY2011 lqdt Profit Sharing Distributions
ProfitSharingDistributions
49318000 USD
CY2011 lqdt Technology And Operation
TechnologyAndOperation
52178000 USD
CY2010 lqdt Profit Sharing Distributions
ProfitSharingDistributions
41310000 USD
CY2010 lqdt Technology And Operation
TechnologyAndOperation
45700000 USD
CY2011 us-gaap General And Administrative Expense
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26484000 USD
CY2010 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23606000 USD
CY2011 us-gaap Depreciation And Amortization
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4881000 USD
CY2010 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3609000 USD
CY2011 lqdt Acquisition Costs And Goodwill Impairment
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6702000 USD
CY2010 lqdt Acquisition Costs And Goodwill Impairment
AcquisitionCostsAndGoodwillImpairment
524000 USD
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
290050000 USD
CY2010 us-gaap Costs And Expenses
CostsAndExpenses
245319000 USD
CY2011 us-gaap Operating Income Loss
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37328000 USD
CY2010 us-gaap Operating Income Loss
OperatingIncomeLoss
27696000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
36138000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
27268000 USD
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8512000 USD
CY2010 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12013000 USD
CY2009Q3 us-gaap Stockholders Equity
StockholdersEquity
103982000 USD
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-1027000 USD
CY2010Q3 us-gaap Stockholders Equity
StockholdersEquity
112374000 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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4697000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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52146000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
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-78589000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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2445000 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
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-24307000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
9136000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
7891000 USD
CY2011 us-gaap Inventory Write Down
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-22000 USD
CY2010 us-gaap Inventory Write Down
InventoryWriteDown
512000 USD
CY2011 us-gaap Provision For Doubtful Accounts
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221000 USD
CY2010 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-62000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1809000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-162000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
392000 USD
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2624000 USD
CY2011 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2010 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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4102000 USD
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<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>1. Organization </b></font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Liquidity Services,&#160;Inc. and subsidiaries (LSI or the Company) is a leading online auction marketplace for surplus and salvage assets. LSI enables buyers and sellers to transact in an efficient, automated online auction environment offering over 500 product categories. The Company's marketplaces provide professional buyers access to a global, organized supply of surplus and salvage assets presented with digital images and other relevant product information. Additionally, LSI enables its corporate and government sellers to enhance their financial return on excess assets by providing a liquid marketplace and value-added services that integrate sales and marketing, logistics and transaction settlement into a single offering. LSI organizes its products into categories across major industry verticals such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, energy equipment, industrial capital assets, fleet and transportation equipment and specialty equipment. The Company's online auction marketplaces are </font><font size="2"><i>www.liquidation.com</i></font><font size="2">, </font><font size="2"><i>www.govliquidation.com, www.govdeals.com, www.networkintl.com, www.truckcenter.com, www.secondipity.com,</i></font><font size="2"> and </font><font size="2"><i>www.go-dove.com.</i></font><font size="2"> LSI has one reportable segment consisting of operating online auction marketplaces for sellers and buyers of surplus, salvage and scrap assets. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company's operations are subject to certain risks and uncertainties associated with technology-oriented companies including, but not limited to, the Company's dependence on use of the Internet, the effect of general business and economic trends, its susceptibility to rapid technological change, actual and potential competition by entities with greater financial resources, and the potential for the U.S. Government agencies from which the Company has derived a significant portion of its inventory to change the way they conduct their surplus disposition or to otherwise not renew their contracts with the Company. </font></p> <p style="FONT-FAMILY: times"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company has evaluated subsequent events through the date that these financial statements were issued and filed with the Securities and Exchange Commission. </font></p></td></tr></table>
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AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss
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0 USD
CY2010 us-gaap Available For Sale Securities Change In Net Unrealized Holding Gain Loss
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116000 USD
CY2012 us-gaap Depreciation
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4714000 USD
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CY2010 us-gaap Depreciation
Depreciation
3087000 USD
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830000 USD
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6115000 USD
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1335000 USD
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1514000 USD
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0.035 pure
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0.022 pure
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CY2010Q4 us-gaap Operating Income Loss
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5545000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.18
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0.18
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.17
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31045293 shares
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32788205 shares
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15491000 USD
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610000 USD
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3986513 shares
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CY2012 us-gaap Defined Benefit Plan Target Plan Asset Allocations
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1.000 pure

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