2014 Q3 Form 10-Q Financial Statement

#000089772314000016 Filed on July 25, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q3
Revenue $1.686B $1.605B $1.505B
YoY Change 12.02% 7.76% -4.64%
Cost Of Revenue $1.555B $1.478B $1.390B
YoY Change 11.84% 7.48% -5.02%
Gross Profit $131.6M $126.9M $115.3M
YoY Change 14.14% 11.08% 0.09%
Gross Profit Margin 7.8% 7.91% 7.66%
Selling, General & Admin $57.70M $63.03M $57.10M
YoY Change 1.05% 1.46% -1.21%
% of Gross Profit 43.84% 49.66% 49.52%
Research & Development $7.900M $7.829M $7.400M
YoY Change 6.76% 15.8% 17.46%
% of Gross Profit 6.0% 6.17% 6.42%
Depreciation & Amortization $24.60M $24.60M $23.40M
YoY Change 5.13% 4.24% -4.1%
% of Gross Profit 18.69% 19.38% 20.29%
Operating Expenses $66.00M $73.59M $65.00M
YoY Change 1.54% -6.34% 0.31%
Operating Profit $65.60M $53.33M $50.30M
YoY Change 30.42% 49.46% -0.2%
Interest Expense -$8.100M $8.439M -$9.200M
YoY Change -11.96% -5.65% 3.37%
% of Operating Profit -12.35% 15.82% -18.29%
Other Income/Expense, Net $8.700M -$14.33M $3.100M
YoY Change 180.65% 66.8% -138.27%
Pretax Income $50.40M $39.00M $38.50M
YoY Change 30.91% 43.96% 154.97%
Income Tax -$82.10M $18.28M -$300.0K
% Of Pretax Income -162.9% 46.87% -0.78%
Net Earnings $132.5M $20.72M $38.80M
YoY Change 241.49% 10.58% -76.37%
Net Earnings / Revenue 7.86% 1.29% 2.58%
Basic Earnings Per Share $0.25
Diluted Earnings Per Share $1.521M $0.24 $445.0K
COMMON SHARES
Basic Shares Outstanding 82.64M shares 82.47M shares 83.63M shares
Diluted Shares Outstanding 86.24M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $467.0M $552.0M $403.0M
YoY Change 15.88% 32.69% -1.71%
Cash & Equivalents $466.6M $552.0M $402.9M
Short-Term Investments
Other Short-Term Assets $112.0M $99.00M $75.00M
YoY Change 49.33% 28.57% -14.77%
Inventory $893.2M $880.3M $781.6M
Prepaid Expenses
Receivables $979.0M $973.0M $945.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.451B $2.504B $2.205B
YoY Change 11.18% 14.42% -5.23%
LONG-TERM ASSETS
Property, Plant & Equipment $563.0M $564.2M $540.2M
YoY Change 4.23% 3.74% -5.13%
Goodwill $25.70M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $81.45M $221.6M $251.1M
YoY Change -67.56% -10.11% -7.72%
Total Long-Term Assets $862.1M $785.8M $791.3M
YoY Change 8.95% -0.58% -5.97%
TOTAL ASSETS
Total Short-Term Assets $2.451B $2.504B $2.205B
Total Long-Term Assets $862.1M $785.8M $791.3M
Total Assets $3.313B $3.290B $2.996B
YoY Change 10.59% 10.44% -5.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.140B $1.083B $956.5M
YoY Change 19.17% 20.43% 2.0%
Accrued Expenses $237.0M $241.0M $228.0M
YoY Change 3.95% 7.59% 2.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $25.00M $0.00
YoY Change
Long-Term Debt Due $157.0M $138.3M $0.00
YoY Change 21.28% -100.0%
Total Short-Term Liabilities $1.534B $1.488B $1.207B
YoY Change 27.13% 19.0% -1.05%
LONG-TERM LIABILITIES
Long-Term Debt $386.7M $536.7M $562.5M
YoY Change -31.26% -4.35% -32.82%
Other Long-Term Liabilities $145.5M $133.1M $135.0M
YoY Change 7.75% 3.86% -8.19%
Total Long-Term Liabilities $532.2M $669.8M $697.6M
YoY Change -23.71% -2.83% -29.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.534B $1.488B $1.207B
Total Long-Term Liabilities $532.2M $669.8M $697.6M
Total Liabilities $2.066B $2.158B $1.904B
YoY Change 8.51% 11.24% -13.6%
SHAREHOLDERS EQUITY
Retained Earnings -$4.684B -$4.882B
YoY Change -4.04% -1.6%
Common Stock $6.064B $6.104B
YoY Change -0.65% 0.48%
Preferred Stock
YoY Change
Treasury Stock (at cost) $216.9M $215.7M
YoY Change 0.56% 0.71%
Treasury Stock Shares 13.58M shares 13.51M shares
Shareholders Equity $1.247B $1.132B $1.092B
YoY Change
Total Liabilities & Shareholders Equity $3.313B $3.290B $2.996B
YoY Change 10.59% 10.44% -5.43%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q3
OPERATING ACTIVITIES
Net Income $132.5M $20.72M $38.80M
YoY Change 241.49% 10.58% -76.37%
Depreciation, Depletion And Amortization $24.60M $24.60M $23.40M
YoY Change 5.13% 4.24% -4.1%
Cash From Operating Activities $108.9M $151.7M $90.10M
YoY Change 20.87% 129.85% -25.6%
INVESTING ACTIVITIES
Capital Expenditures -$22.10M -$12.30M -$22.50M
YoY Change -1.78% 23.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $2.800M -$26.50M $4.100M
YoY Change -31.71% -13350.0% 156.25%
Cash From Investing Activities -$19.30M -$38.70M -$18.30M
YoY Change 5.46% 294.9% -12.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -175.4M 47.30M -84.20M
YoY Change 108.31% -191.67% 0.84%
NET CHANGE
Cash From Operating Activities 108.9M 151.7M 90.10M
Cash From Investing Activities -19.30M -38.70M -18.30M
Cash From Financing Activities -175.4M 47.30M -84.20M
Net Change In Cash -85.80M 160.3M -12.40M
YoY Change 591.94% 3384.78% -174.25%
FREE CASH FLOW
Cash From Operating Activities $108.9M $151.7M $90.10M
Capital Expenditures -$22.10M -$12.30M -$22.50M
Free Cash Flow $131.0M $164.0M $112.6M
YoY Change 16.34% 115.79% -21.59%

Facts In Submission

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CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3545000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-411000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
468000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4303000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
16310000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4183000 USD
CY2014Q2 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
183000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
120000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
491000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
19000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
1148000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
67000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
338000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
570000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
5000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
363000 USD
us-gaap Other Information Pertaining To Income Taxes
OtherInformationPertainingToIncomeTaxes
the Company recorded a benefit of $3.1 million in the first quarter of 2014 related to revaluation of certain deferred tax assets. Additionally, in the third quarter of 2014, the Company recorded tax expense of $3.3 million upon the maturity of certain interest rate swaps
CY2013Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
109363000 USD
CY2014Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
110643000 USD
CY2013Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
135048000 USD
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
80861000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
53545000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
47424000 USD
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-38000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4597000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-6101000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-16437000 USD
CY2013Q3 us-gaap Other Notes Payable
OtherNotesPayable
0 USD
CY2014Q2 us-gaap Other Notes Payable
OtherNotesPayable
14789000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
173000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
95000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1525000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
51265000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
98970000 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
75337000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
6689000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
9606000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1016520000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
560000000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
3270000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
4100000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
28974000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5654000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
65935000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
185284000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
564219000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
540151000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
981520000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
560000000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
62766000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
166415000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
24563000 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
7829000 USD
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6761000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18176000 USD
us-gaap Restructuring And Related Activities Completion Date
RestructuringAndRelatedActivitiesCompletionDate
2015-09-27
CY2014Q2 us-gaap Restructuring Reserve
RestructuringReserve
5101000 USD
CY2013Q3 us-gaap Restructuring Reserve
RestructuringReserve
6278000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
4411801000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
4528937000 USD
CY2014Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1604727000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1489214000 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
62120000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
63029000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
180942000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
184543000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13376000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13270000 USD
CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
4238000 USD
CY2013Q2 us-gaap Share Based Compensation
ShareBasedCompensation
4368000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1177000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17.05
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2348000 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1768000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
13.23
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
10.90
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P2Y2M28D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P2Y7D
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
1700000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3100000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
6887000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
13.16
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
641000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.13
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.74
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
62825000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
82771000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8832000 shares
sanm Proceedsfromlongtermdebtnetofissuancecost
Proceedsfromlongtermdebtnetofissuancecost
0 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y9M1D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y11M26D
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
1132140000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
1091564000 USD
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3768000 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2520000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
3609000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2304000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y6M12D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y5M16D
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84819000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85602000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86597000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86235000 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9562000 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.65
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.83
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
80781000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
8634000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
12.86
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
15.82
CY2014Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
63273000 USD
CY2014Q2 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
7000 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
71000 shares
CY2014Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
14611000 USD
CY2013Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
15136000 USD
CY2012Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
14649000 USD
CY2013Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13662000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6434000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
5923000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5447000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5398000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82988000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82467000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82515000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83082000 shares
CY2014Q2 sanm Numberofcustomersrepresenting10ormoreofnetsales
Numberofcustomersrepresenting10ormoreofnetsales
0
sanm Numberofcustomersrepresenting10ormoreofnetsales
Numberofcustomersrepresenting10ormoreofnetsales
1
CY2013Q2 sanm Numberofcustomersrepresenting10ormoreofnetsales
Numberofcustomersrepresenting10ormoreofnetsales
1
sanm Numberofcustomersrepresenting10ormoreofnetsales
Numberofcustomersrepresenting10ormoreofnetsales
1
sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.501
CY2014Q2 sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.512
CY2013Q2 sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.514
sanm Percentage Of Net Sales Represented By Ten Largest Customers
PercentageOfNetSalesRepresentedByTenLargestCustomers
0.498
sanm Proceedsfromlongtermdebtnetofissuancecost
Proceedsfromlongtermdebtnetofissuancecost
369897000 USD
sanm Proceedsfromterminationsofinterestrateswaps
Proceedsfromterminationsofinterestrateswaps
0 USD
sanm Proceedsfromterminationsofinterestrateswaps
Proceedsfromterminationsofinterestrateswaps
16492000 USD
sanm Provision For Benefit From Doubtful Accounts Product Returns And Other Sales Adjustments
ProvisionForBenefitFromDoubtfulAccountsProductReturnsAndOtherSalesAdjustments
-166000 USD
sanm Provision For Benefit From Doubtful Accounts Product Returns And Other Sales Adjustments
ProvisionForBenefitFromDoubtfulAccountsProductReturnsAndOtherSalesAdjustments
3000 USD
sanm Share Based Compensation Arrangement By Share Based Payment Award Options Exercises Cancellations Forfeitures And Expirations Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesCancellationsForfeituresAndExpirationsWeightedAverageExercisePrice
12.94
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000897723
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
82639661 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
SANMINA CORP
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014Q2 sanm Restructuring And Integration Costs
RestructuringAndIntegrationCosts
2302000 USD
sanm Restructuring And Integration Costs
RestructuringAndIntegrationCosts
20263000 USD
sanm Restructuring And Integration Costs
RestructuringAndIntegrationCosts
8571000 USD
CY2013Q2 sanm Restructuring And Integration Costs
RestructuringAndIntegrationCosts
9391000 USD
CY2014Q2 sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested And Expected To Vest Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAndExpectedToVestNumber
1232000 shares
CY2014Q2 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
12.85
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
P1Y11M17D
sanm Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Cancelled
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedAndCancelled
597000 shares
sanm Share Based Compensation Arrangement By Share Based Payment Award Options Exercises Cancellations Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesCancellationsForfeituresAndExpirationsInPeriod
1371000 shares
CY2014Q2 sanm Share Based Compensation Arrangement By Share Based Payment Award Restricted Stock Nonvested And Expected To Vest Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardRestrictedStockNonvestedAndExpectedToVestAggregateIntrinsicValue
26741000 USD
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
13.86
CY2013Q3 sanm Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
31052000 USD
CY2014Q2 sanm Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
Sharebasedcompensationarrangementsbysharebasedpaymentawardequityinstrumentsotherthanoptionsnonvestedintrinsicvalue
50984000 USD
CY2014Q2 sanm Stock Options And Unvested Restricted Stock Units Outstanding
StockOptionsAndUnvestedRestrictedStockUnitsOutstanding
11200000 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-27
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-28

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sanm-20140628.xml Edgar Link completed
sanm-20140628.xsd Edgar Link pending
sanm-20140628_cal.xml Edgar Link unprocessable
sanm-20140628_def.xml Edgar Link unprocessable
sanm-20140628_lab.xml Edgar Link unprocessable
sanm-20140628_pre.xml Edgar Link unprocessable
sanmina_ex311x20140628.htm Edgar Link pending
sanmina_ex312x20140628.htm Edgar Link pending
sanmina_ex321x20140628.htm Edgar Link pending
sanmina_ex322x20140628.htm Edgar Link pending
sanmina_june28x2014x10q.htm Edgar Link pending
Show.js Edgar Link pending