2013 Q1 Form 10-Q Financial Statement

#000089772313000008 Filed on April 30, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $1.428B $1.463B
YoY Change -2.42% -11.99%
Cost Of Revenue $1.327B $1.357B
YoY Change -2.17% -11.58%
Gross Profit $100.3M $106.3M
YoY Change -5.68% -16.95%
Gross Profit Margin 7.03% 7.27%
Selling, General & Admin $58.95M $62.94M
YoY Change -6.33% 7.64%
% of Gross Profit 58.78% 59.18%
Research & Development $6.020M $5.923M
YoY Change 1.64% 42.17%
% of Gross Profit 6.0% 5.57%
Depreciation & Amortization $24.20M $25.00M
YoY Change -3.2% -0.52%
% of Gross Profit 24.13% 23.51%
Operating Expenses $54.51M $76.14M
YoY Change -28.41% 13.49%
Operating Profit $45.80M $30.21M
YoY Change 51.61% -50.44%
Interest Expense $10.42M $20.37M
YoY Change -48.86% -23.61%
% of Operating Profit 22.74% 67.42%
Other Income/Expense, Net -$11.65M -$24.77M
YoY Change -52.97% -0.43%
Pretax Income $34.15M $5.442M
YoY Change 527.55% -84.92%
Income Tax $12.96M $6.881M
% Of Pretax Income 37.95% 126.44%
Net Earnings $21.19M -$1.439M
YoY Change -1572.62% -105.07%
Net Earnings / Revenue 1.48% -0.1%
Basic Earnings Per Share $0.26 -$0.02
Diluted Earnings Per Share $0.25 -$0.02
COMMON SHARES
Basic Shares Outstanding 82.54M shares 81.23M shares
Diluted Shares Outstanding 84.68M shares 81.23M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $412.0M $464.0M
YoY Change -11.21% -15.48%
Cash & Equivalents $411.9M $464.4M
Short-Term Investments
Other Short-Term Assets $75.00M $69.00M
YoY Change 8.7% -49.64%
Inventory $798.8M $862.4M
Prepaid Expenses
Receivables $871.0M $928.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.156B $2.324B
YoY Change -7.22% -7.8%
LONG-TERM ASSETS
Property, Plant & Equipment $547.9M $577.2M
YoY Change -5.08% 0.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $260.6M $129.3M
YoY Change 101.55% -6.58%
Total Long-Term Assets $808.5M $706.5M
YoY Change 14.44% -0.82%
TOTAL ASSETS
Total Short-Term Assets $2.156B $2.324B
Total Long-Term Assets $808.5M $706.5M
Total Assets $2.965B $3.031B
YoY Change -2.18% -6.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $851.8M $834.3M
YoY Change 2.1% -0.59%
Accrued Expenses $210.0M $209.0M
YoY Change 0.48% -18.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $170.0M $30.00M
YoY Change 466.67% -43.4%
Total Short-Term Liabilities $1.232B $1.073B
YoY Change 14.88% -6.68%
LONG-TERM LIABILITIES
Long-Term Debt $574.0M $1.033B
YoY Change -44.43% -16.71%
Other Long-Term Liabilities $143.8M $132.2M
YoY Change 8.79% -7.63%
Total Long-Term Liabilities $717.8M $1.165B
YoY Change -38.39% -15.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.232B $1.073B
Total Long-Term Liabilities $717.8M $1.165B
Total Liabilities $1.950B $2.238B
YoY Change -12.86% -11.65%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.015B $792.7M
YoY Change
Total Liabilities & Shareholders Equity $2.965B $3.031B
YoY Change -2.18% -6.26%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $21.19M -$1.439M
YoY Change -1572.62% -105.07%
Depreciation, Depletion And Amortization $24.20M $25.00M
YoY Change -3.2% -0.52%
Cash From Operating Activities $64.70M $60.00M
YoY Change 7.83% -2756.04%
INVESTING ACTIVITIES
Capital Expenditures -$16.10M -$16.40M
YoY Change -1.83% -149.37%
Acquisitions
YoY Change
Other Investing Activities $20.30M $500.0K
YoY Change 3960.0% -115.15%
Cash From Investing Activities $4.000M -$15.90M
YoY Change -125.16% -56.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -146.9M -182.7M
YoY Change -19.59% 2195.8%
NET CHANGE
Cash From Operating Activities 64.70M 60.00M
Cash From Investing Activities 4.000M -15.90M
Cash From Financing Activities -146.9M -182.7M
Net Change In Cash -78.20M -138.6M
YoY Change -43.58% 196.26%
FREE CASH FLOW
Cash From Operating Activities $64.70M $60.00M
Capital Expenditures -$16.10M -$16.40M
Free Cash Flow $80.80M $76.40M
YoY Change 5.76% -315.34%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font><font style="font-family:inherit;font-size:10pt;">In February 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update ("ASU") No. 2013-2,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income". </font><font style="font-family:inherit;font-size:10pt;">ASU No. 2013-2 requires an entity to provide information about amounts reclassified out of accumulated other comprehensive income by component. The adoption of ASU 2013-2 will not materially impact the Company's financial statements and will be effective beginning in 2014.</font></div></div>
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
257410000 USD
CY2013Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
260631000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-201000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-182000 USD
CY2012Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1474000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-338000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
55000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
136000 USD
CY2012Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
323000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
4991000 USD
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1855000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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20117000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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1937000 USD
CY2012Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
104741000 USD
CY2013Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
109514000 USD
CY2012Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2013Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2012Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2013Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-439000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
125000 USD
us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
0 USD
us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
2049000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1525000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2685000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
40655000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43513000 USD
CY2013Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
74680000 USD
CY2012Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
88599000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1702000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
1976000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
357520000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
3260000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
3540000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
2517000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
28750000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
108003000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
44000000 USD
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
547850000 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
569365000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
257520000 USD
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2012Q3 us-gaap Restructuring Reserve
RestructuringReserve
14992000 USD
CY2013Q1 us-gaap Restructuring Reserve
RestructuringReserve
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us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
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CY2012Q1 us-gaap Revenues
Revenues
1463082000 USD
us-gaap Revenues
Revenues
2922587000 USD
us-gaap Revenues
Revenues
2965448000 USD
CY2013Q1 us-gaap Revenues
Revenues
1427642000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
154062000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
2922587000 USD
CY2012Q1 us-gaap Sales Revenue Net
SalesRevenueNet
1463082000 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
1427642000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
2965448000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
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us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
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CY2012Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5923000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10056000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11415000 USD
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6020000 USD
us-gaap Restructuring Charges
RestructuringCharges
10872000 USD
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
106000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
11.85
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.53
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
10.94
CY2012Q3 us-gaap Secured Debt
SecuredDebt
40000000 USD
CY2013Q1 us-gaap Secured Debt
SecuredDebt
40000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
118822000 USD
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
62940000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
122081000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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us-gaap Share Based Compensation
ShareBasedCompensation
9008000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
8593000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4342000 USD
CY2012Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4529000 USD
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
9.51
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
10.96
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P2Y6M22D
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y0M29D
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P2Y4M07D
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3600000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
8050000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
14.46
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
50000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
900000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.80
CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
7.36
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.83
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.96
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
18548000 USD
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
31538000 USD
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
23083000 USD
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11275000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11809000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11414000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.08
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.93
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
13.15
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
30514000 USD
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
10982000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
13.21
CY2013Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
11.78
CY2012Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.54
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
23044000 USD
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y4M07D
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M14D
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M19D
CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M26D
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y2M13D
CY2011Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15672000 USD
CY2012Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
14649000 USD
CY2012Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
14859000 USD
CY2013Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
14535000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3973000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3871000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
3757000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
3160000 USD
CY2013Q1 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
100000000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
963781000 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
1014506000 USD
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81225000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84683000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84369000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83511000 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81225000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82226000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81059000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82543000 shares
sanm Number Of Customers Representing10 Or More Of Net Sales
NumberOfCustomersRepresenting10OrMoreOfNetSales
1
CY2013Q1 sanm Number Of Customers Representing10 Or More Of Net Sales
NumberOfCustomersRepresenting10OrMoreOfNetSales
1
CY2012Q1 sanm Number Of Customers Representing10 Or More Of Net Sales
NumberOfCustomersRepresenting10OrMoreOfNetSales
0
sanm Number Of Customers Representing10 Or More Of Net Sales
NumberOfCustomersRepresenting10OrMoreOfNetSales
0
sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.495
sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.482
CY2013Q1 sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.503
CY2012Q1 sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.474
sanm Provision For Benefit From Doubtful Accounts Product Returns And Other Sales Adjustments
ProvisionForBenefitFromDoubtfulAccountsProductReturnsAndOtherSalesAdjustments
-336000 USD
sanm Provision For Benefit From Doubtful Accounts Product Returns And Other Sales Adjustments
ProvisionForBenefitFromDoubtfulAccountsProductReturnsAndOtherSalesAdjustments
-1037000 USD
sanm Restructuring And Integration Costs
RestructuringAndIntegrationCosts
9540000 USD
CY2013Q1 sanm Restructuring And Integration Costs
RestructuringAndIntegrationCosts
6925000 USD
CY2013Q1 sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested And Expected To Vest Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAndExpectedToVestNumber
1068000 shares
sanm Restructuring And Integration Costs
RestructuringAndIntegrationCosts
10872000 USD
CY2012Q1 sanm Restructuring And Integration Costs
RestructuringAndIntegrationCosts
5486000 USD
CY2013Q1 sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested And Expected To Vest Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAndExpectedToVestWeightedAverageGrantDateFairValue
11.58
CY2013Q1 sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested And Expected To Vest Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAndExpectedToVestWeightedAverageRemainingContractualTerm
P1Y10M26D
CY2012Q4 sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Cancelled
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndCancelled
1384000 shares
CY2013Q1 sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Cancelled
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndCancelled
152000 shares
dei Amendment Flag
AmendmentFlag
false
CY2013Q1 sanm Share Based Compensation Arrangement By Share Based Payment Award Options Exercises Cancellations Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesCancellationsForfeituresAndExpirationsInPeriod
445000 shares
CY2012Q4 sanm Share Based Compensation Arrangement By Share Based Payment Award Options Exercises Cancellations Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesCancellationsForfeituresAndExpirationsInPeriod
366000 shares
CY2012Q4 sanm Share Based Compensation Arrangement By Share Based Payment Award Options Exercises Cancellations Forfeitures And Expirations Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesCancellationsForfeituresAndExpirationsWeightedAverageExercisePrice
8.97
CY2013Q1 sanm Share Based Compensation Arrangement By Share Based Payment Award Options Exercises Cancellations Forfeitures And Expirations Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesCancellationsForfeituresAndExpirationsWeightedAverageExercisePrice
8.88
CY2013Q1 sanm Share Based Compensation Arrangement By Share Based Payment Award Restricted Stock Nonvested And Expected To Vest Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockNonvestedAndExpectedToVestAggregateIntrinsicValue
12656000 USD
CY2012Q4 sanm Share Based Compensation Arrangements By Share Based Payment Award Equity Instruments Other Than Options Vested And Cancelled Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndCancelledWeightedAverageGrantDateFairValue
7.30
CY2013Q1 sanm Share Based Compensation Arrangements By Share Based Payment Award Equity Instruments Other Than Options Vested And Cancelled Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementsByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndCancelledWeightedAverageGrantDateFairValue
11.36
CY2012Q3 sanm Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
21272000 USD
CY2012Q4 sanm Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
16561000 USD
CY2013Q1 sanm Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
18487000 USD
CY2013Q1 sanm Stock Options And Unvested Restricted Stock Units Outstanding
StockOptionsAndUnvestedRestrictedStockUnitsOutstanding
13000000 shares
CY2013Q1 sanm Tax Effect On Derivative Financial Instruments
TaxEffectOnDerivativeFinancialInstruments
3300000 USD
CY2012Q3 sanm Tax Effect On Derivative Financial Instruments
TaxEffectOnDerivativeFinancialInstruments
3300000 USD
dei Document Period End Date
DocumentPeriodEndDate
2013-03-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000897723
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
82784827 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
SANMINA CORP
dei Entity Voluntary Filers
EntityVoluntaryFilers
No

Files In Submission

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0000897723-13-000008-index-headers.html Edgar Link pending
0000897723-13-000008-index.html Edgar Link pending
0000897723-13-000008.txt Edgar Link pending
0000897723-13-000008-xbrl.zip Edgar Link pending
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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
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