$SMSI
SMITH MICRO SOFTWARE, INC.

2013 Q2 Form 10-Q Financial Statement

#000119312513316792 Filed on August 02, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $10.48M $10.17M
YoY Change 3.08% -36.87%
Cost Of Revenue $2.401M $1.796M
YoY Change 33.69% -49.55%
Gross Profit $8.083M $8.375M
YoY Change -3.49% -33.27%
Gross Profit Margin 77.1% 82.34%
Selling, General & Admin $9.431M $9.103M
YoY Change 3.6% -36.25%
% of Gross Profit 116.68% 108.69%
Research & Development $5.900M $6.173M
YoY Change -4.42% -45.47%
% of Gross Profit 72.99% 73.71%
Depreciation & Amortization $1.050M $1.100M
YoY Change -4.55% -64.17%
% of Gross Profit 12.99% 13.13%
Operating Expenses $15.33M $15.20M
YoY Change 0.87% -40.61%
Operating Profit -$7.248M -$6.824M
YoY Change 6.21% -47.67%
Interest Expense $10.00K $30.00K
YoY Change -66.67% -25.0%
% of Operating Profit
Other Income/Expense, Net $8.000K $31.00K
YoY Change -74.19%
Pretax Income -$7.240M -$6.793M
YoY Change 6.58% -47.75%
Income Tax $4.000K $32.00K
% Of Pretax Income
Net Earnings -$7.244M -$6.825M
YoY Change 6.14% -13.06%
Net Earnings / Revenue -69.1% -67.1%
Basic Earnings Per Share -$0.19 -$0.19
Diluted Earnings Per Share -$0.19 -$0.19
COMMON SHARES
Basic Shares Outstanding 37.25M shares 36.05M shares
Diluted Shares Outstanding 37.25M shares 36.05M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.46M $31.30M
YoY Change -25.04% -49.52%
Cash & Equivalents $9.161M $10.97M
Short-Term Investments $14.30M $20.30M
Other Short-Term Assets $1.400M $1.600M
YoY Change -12.5% -60.0%
Inventory $130.0K $200.0K
Prepaid Expenses
Receivables $8.457M $8.400M
Other Receivables $600.0K $7.700M
Total Short-Term Assets $34.09M $49.10M
YoY Change -30.56% -39.68%
LONG-TERM ASSETS
Property, Plant & Equipment $9.232M $13.20M
YoY Change -30.06% -37.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $184.0K $200.0K
YoY Change -8.0% -98.25%
Total Long-Term Assets $9.416M $13.40M
YoY Change -29.73% -90.57%
TOTAL ASSETS
Total Short-Term Assets $34.09M $49.10M
Total Long-Term Assets $9.416M $13.40M
Total Assets $43.51M $62.50M
YoY Change -30.39% -72.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.828M $1.700M
YoY Change 7.53% -59.52%
Accrued Expenses $6.517M $6.400M
YoY Change 1.83% -14.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.419M $9.300M
YoY Change 1.28% -23.77%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.839M $3.400M
YoY Change -16.5% 25.93%
Total Long-Term Liabilities $2.930M $3.400M
YoY Change -13.82% 25.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.419M $9.300M
Total Long-Term Liabilities $2.930M $3.400M
Total Liabilities $12.35M $12.70M
YoY Change -2.76% -23.49%
SHAREHOLDERS EQUITY
Retained Earnings -$181.9M
YoY Change
Common Stock $213.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.16M $49.80M
YoY Change
Total Liabilities & Shareholders Equity $43.51M $62.50M
YoY Change -30.39% -72.04%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income -$7.244M -$6.825M
YoY Change 6.14% -13.06%
Depreciation, Depletion And Amortization $1.050M $1.100M
YoY Change -4.55% -64.17%
Cash From Operating Activities -$4.730M -$5.870M
YoY Change -19.42% -333.86%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$20.00K
YoY Change 150.0% -99.58%
Acquisitions
YoY Change
Other Investing Activities $1.200M $1.120M
YoY Change 7.14% -90.51%
Cash From Investing Activities $1.150M $1.090M
YoY Change 5.5% -84.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -430.0K
YoY Change -100.0% 230.77%
NET CHANGE
Cash From Operating Activities -4.730M -5.870M
Cash From Investing Activities 1.150M 1.090M
Cash From Financing Activities 0.000 -430.0K
Net Change In Cash -3.580M -5.210M
YoY Change -31.29% -155.37%
FREE CASH FLOW
Cash From Operating Activities -$4.730M -$5.870M
Capital Expenditures -$50.00K -$20.00K
Free Cash Flow -$4.680M -$5.850M
YoY Change -20.0% -180.36%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
5000000 shares
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10966000
CY2013Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
37043264 shares
CY2013Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
37043264 shares
CY2013Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2013Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2013Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2013Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2013Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
6517000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2422000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
16561000
CY2013Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1828000
CY2013Q2 us-gaap Restructuring Reserve
RestructuringReserve
4000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1787000
CY2013Q2 us-gaap Liabilities Current
LiabilitiesCurrent
9419000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
4588000
CY2013Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2839000
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
31160000
CY2013Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
213063000
CY2013Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
384000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1726000
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-181940000
CY2013Q2 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1074000
CY2013Q2 us-gaap Common Stock Value
CommonStockValue
37000
CY2013Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
43509000
CY2013Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
91000
CY2013Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
349000
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
2126000
CY2013Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
2930000
CY2013Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
2603000
CY2013Q2 us-gaap Available For Sale Securities Debt Maturities Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost
14309000
CY2013Q2 us-gaap Assets Current
AssetsCurrent
34093000
CY2013Q2 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
679000
CY2013Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
184000
CY2013Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
14302000
CY2013Q2 us-gaap Assets
Assets
43509000
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9161000
CY2013Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
100000
CY2013Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
8457000
CY2013Q2 us-gaap Inventory Net
InventoryNet
130000
CY2013Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
8900000
CY2013Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1275000
CY2013Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
89000
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9232000
CY2013Q2 smsi Cash And Cash Equivalents Original Maturity Dates
CashAndCashEquivalentsOriginalMaturityDates
three months or less
CY2013Q2 smsi Operating Leases Future Minimum Payments Due In Reminder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsDueInReminderOfFiscalYear
1309000
CY2013Q2 smsi Available For Sale Securities Gross Unrealized Gain Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainLossAccumulatedInInvestments
-7000
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
37043264 shares
CY2011Q3 smsi Proceeds From Government Grant For Start Up New Facility
ProceedsFromGovernmentGrantForStartUpNewFacility
1000000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7475000
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
35873418 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
35873418 shares
CY2012Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2012Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
4829000
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1978000
CY2012Q4 us-gaap Restructuring Reserve
RestructuringReserve
8000
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
60500000
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
8243000
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
3399000
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
42662000
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
211165000
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
482000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-168539000
CY2012Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1436000
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
36000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
54395000
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
91000
CY2012Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
352000
CY2012Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
3490000
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2012Q4 us-gaap Available For Sale Securities Debt Maturities Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost
13336000
CY2012Q4 us-gaap Assets Current
AssetsCurrent
43003000
CY2012Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
681000
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
181000
CY2012Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
13328000
CY2012Q4 us-gaap Assets
Assets
54395000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18873000
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
8953000
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0000948708
CY2012Q4 us-gaap Inventory Net
InventoryNet
176000
CY2012Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
9100000
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
903000
CY2012Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
89000
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11211000
CY2012Q4 smsi Available For Sale Securities Gross Unrealized Gain Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainLossAccumulatedInInvestments
-8000
dei Trading Symbol
TradingSymbol
SMSI
dei Entity Registrant Name
EntityRegistrantName
SMITH MICRO SOFTWARE INC
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.36
us-gaap Income Tax Examination Year Under Examination
IncomeTaxExaminationYearUnderExamination
2009
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36932000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.36
us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2"><b>1.&#xA0;&#xA0;The Company</b></font></p> <p style="margin-top:12px;margin-bottom:0px; text-indent:6%" align="justify"><font style="font-family:Times New Roman" size="2">Smith Micro Software, Inc. (&#x201C;we,&#x201D; &#x201C;us,&#x201D; &#x201C;our,&#x201D; &#x201C;Smith Micro,&#x201D; or the &#x201C;Company&#x201D;) provides software and services that simplify, secure and enhance the mobile experience. The Company&#x2019;s portfolio of wireless solutions includes a wide range of client and server applications that manage voice, data, video and connectivity over mobile broadband networks. Our primary customers are the world&#x2019;s leading mobile network operators, mobile&#xA0;device manufacturers and enterprise businesses. In addition to our wireless and mobility software, Smith Micro offers personal productivity and graphics products distributed through a variety of consumer channels worldwide.</font></p> </div>
us-gaap Inventory Related Text
InventoryRelatedText
Our net inventory balance consisted of approximately $0.1 million of primarily components.
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
36932000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
shares
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8620000
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div> <p style="MARGIN-TOP: 12pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> <b>12. Recent Accounting Pronouncements</b></p> <!-- xbrl,body --> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: 7%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt" align="justify">In February 2013, the FASB issued Accounting Standards Update (&#x201C;ASU&#x201D;) No.&#xA0;2013-02, <i>Other Comprehensive Income (Topic 220).</i> The amendments in this Update supersede and replace the presentation requirements for reclassifications out of accumulated other comprehensive income in ASUs 2011-05 (issued in June 2011) and 2011-12 (issued in December 2011) for all public and private organizations. The amendments require an entity to provide additional information about reclassifications out of accumulated other comprehensive income. The Company has implemented this guidance.</p> </div>
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.36
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36932000 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8000 shares
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
375000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-13401000
us-gaap Gross Profit
GrossProfit
17241000
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
973000
us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
us-gaap Income Taxes Paid
IncomeTaxesPaid
77000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-2000
us-gaap Operating Income Loss
OperatingIncomeLoss
-13349000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
1000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-13329000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-130000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
20000
us-gaap Net Income Loss
NetIncomeLoss
-13402000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1846000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8000
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
21000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
80000
us-gaap Payments For Restructuring
PaymentsForRestructuring
-4000
us-gaap Sales Revenue Net
SalesRevenueNet
22086000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
140000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
568000
us-gaap Share Based Compensation
ShareBasedCompensation
1926000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9804000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
21000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4845000
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
21000
us-gaap Inventory Write Down
InventoryWriteDown
54000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
366000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2119000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-9712000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
8950000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1200000
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
-48000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1113000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11836000
us-gaap Operating Expenses
OperatingExpenses
30590000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
73000
smsi Income Tax Examination Year Under Examination Two
IncomeTaxExaminationYearUnderExaminationTwo
2011
smsi Restructuring Reserve Provision Net
RestructuringReserveProvisionNet
smsi Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount Due To Higher Exercise Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmountDueToHigherExercisePrice
1457000 shares
smsi Property Plant And Equipment Amortization Methods
PropertyPlantAndEquipmentAmortizationMethods
Leasehold improvements are amortized using the straight-line method over the shorter of the estimated useful life of the asset or the lease term.
smsi Period In Which People To Be Employed
PeriodInWhichPeopleToBeEmployed
P3Y
smsi Number Of Geographic Location
NumberOfGeographicLocation
3 Location
smsi Number Of Major Customers
NumberOfMajorCustomers
3 Customer
smsi Incentives Price Per Square Foot
IncentivesPricePerSquareFoot
40.00
smsi Lease Agreement Term
LeaseAgreementTerm
P10Y
smsi Minimum Number Of People To Be Employed
MinimumNumberOfPeopleToBeEmployed
232 People
smsi Number Of Financial Institutions In Which Securities Held
NumberOfFinancialInstitutionsInWhichSecuritiesHeld
2 Institution
smsi Operating Leases Expiring Period
OperatingLeasesExpiringPeriod
through 2022
smsi Conditional Lease Incentive Amount For Improvement Of Space
ConditionalLeaseIncentiveAmountForImprovementOfSpace
2200000
smsi Income Tax Examination Year Under Examination One
IncomeTaxExaminationYearUnderExaminationOne
2010
smsi Lease Rental Terminations Cost For Restructuring
LeaseRentalTerminationsCostForRestructuring
3500000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.46
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
35818000 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.46
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
35818000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
shares
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13983000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.46
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35818000 shares
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
37000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-161000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-16385000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
445000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
54000
us-gaap Net Income Loss
NetIncomeLoss
-16507000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-40000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
375000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25000 shares
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
383000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-16476000
us-gaap Gross Profit
GrossProfit
16294000
us-gaap Payments For Proceeds From Short Term Investments
PaymentsForProceedsFromShortTermInvestments
-18239000
us-gaap Income Taxes Paid
IncomeTaxesPaid
100000
us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-606000
us-gaap Operating Income Loss
OperatingIncomeLoss
-16439000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
753000
us-gaap Sales Revenue Net
SalesRevenueNet
20285000
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
78000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
31000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2445000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10653000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-687000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3991000
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
55000
us-gaap Inventory Write Down
InventoryWriteDown
33000
us-gaap Share Based Compensation
ShareBasedCompensation
2154000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
585000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
800000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2218000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3491000
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
8546000
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
1400000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
6000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
18161000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13277000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11000
us-gaap Restructuring Charges
RestructuringCharges
257000
us-gaap Operating Expenses
OperatingExpenses
32733000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
122000
smsi Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount Due To Higher Exercise Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmountDueToHigherExercisePrice
1364000 shares
smsi Number Of Geographic Location
NumberOfGeographicLocation
3 Location
smsi Number Of Major Customers
NumberOfMajorCustomers
2 Customer
CY2012Q1 smsi Annualized Savings From Restructuring
AnnualizedSavingsFromRestructuring
7000000
CY2011Q4 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P2Y
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36045000 shares
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2012Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
36045000 shares
CY2012Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
shares
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.19
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36045000 shares
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-3000
CY2012Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5149000
CY2012Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1796000
CY2012Q2 us-gaap Share Based Compensation
ShareBasedCompensation
976000
CY2012Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3954000
CY2012Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
600000
CY2012Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
6173000
CY2012Q2 us-gaap Restructuring Charges
RestructuringCharges
-77000
CY2012Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18000 shares
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-6828000
CY2012Q2 us-gaap Gross Profit
GrossProfit
8375000
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-6824000
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-3000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-6793000
CY2012Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
31000
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-6825000
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
10171000
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
15199000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32000
CY2012Q2 smsi Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount Due To Higher Exercise Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmountDueToHigherExercisePrice
1483000 shares
CY2012Q2 smsi Number Of Geographic Location
NumberOfGeographicLocation
3 Location
CY2012Q2 smsi Restructuring Charges For Reduction Workforce
RestructuringChargesForReductionWorkforce
100000
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37247000 shares
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
37247000 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
shares
CY2013Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.19
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37247000 shares
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7261000
CY2013Q2 us-gaap Gross Profit
GrossProfit
8083000
CY2013Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
0
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-7248000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-17000
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-7240000
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
8000
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
-7244000
CY2013Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4569000
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
10484000
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-17000
CY2013Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4862000
CY2013Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2401000
CY2013Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1021000
CY2013Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
600000
CY2013Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5900000
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
15331000
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4000
CY2013Q2 smsi Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount Due To Higher Exercise Price
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmountDueToHigherExercisePrice
2323000 shares
CY2013Q2 smsi Number Of Geographic Location
NumberOfGeographicLocation
3 Location
CY2012Q1 smsi One Time Employee Termination And Other Costs
OneTimeEmployeeTerminationAndOtherCosts
300000

Files In Submission

Name View Source Status
0001193125-13-316792-index-headers.html Edgar Link pending
0001193125-13-316792-index.html Edgar Link pending
0001193125-13-316792.txt Edgar Link pending
0001193125-13-316792-xbrl.zip Edgar Link pending
d551383d10q.htm Edgar Link pending
d551383dex311.htm Edgar Link pending
d551383dex312.htm Edgar Link pending
d551383dex321.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
R1.xml Edgar Link unprocessable
R10.htm Edgar Link pending
R10.xml Edgar Link unprocessable
R11.htm Edgar Link pending
R11.xml Edgar Link unprocessable
R12.htm Edgar Link pending
R12.xml Edgar Link unprocessable
R13.htm Edgar Link pending
R13.xml Edgar Link unprocessable
R14.htm Edgar Link pending
R14.xml Edgar Link unprocessable
R15.htm Edgar Link pending
R15.xml Edgar Link unprocessable
R16.htm Edgar Link pending
R16.xml Edgar Link unprocessable
R17.htm Edgar Link pending
R17.xml Edgar Link unprocessable
R18.htm Edgar Link pending
R18.xml Edgar Link unprocessable
R19.htm Edgar Link pending
R19.xml Edgar Link unprocessable
R2.htm Edgar Link pending
R2.xml Edgar Link unprocessable
R20.htm Edgar Link pending
R20.xml Edgar Link unprocessable
R21.htm Edgar Link pending
R21.xml Edgar Link unprocessable
R22.htm Edgar Link pending
R22.xml Edgar Link unprocessable
R23.htm Edgar Link pending
R23.xml Edgar Link unprocessable
R24.htm Edgar Link pending
R24.xml Edgar Link unprocessable
R25.htm Edgar Link pending
R25.xml Edgar Link unprocessable
R26.htm Edgar Link pending
R26.xml Edgar Link unprocessable
R27.htm Edgar Link pending
R27.xml Edgar Link unprocessable
R28.htm Edgar Link pending
R28.xml Edgar Link unprocessable
R29.htm Edgar Link pending
R29.xml Edgar Link unprocessable
R3.htm Edgar Link pending
R3.xml Edgar Link unprocessable
R30.htm Edgar Link pending
R30.xml Edgar Link unprocessable
R31.htm Edgar Link pending
R31.xml Edgar Link unprocessable
R32.htm Edgar Link pending
R32.xml Edgar Link unprocessable
R33.htm Edgar Link pending
R33.xml Edgar Link unprocessable
R34.htm Edgar Link pending
R34.xml Edgar Link unprocessable
R35.htm Edgar Link pending
R35.xml Edgar Link unprocessable
R36.htm Edgar Link pending
R36.xml Edgar Link unprocessable
R37.htm Edgar Link pending
R37.xml Edgar Link unprocessable
R38.htm Edgar Link pending
R38.xml Edgar Link unprocessable
R39.htm Edgar Link pending
R39.xml Edgar Link unprocessable
R4.htm Edgar Link pending
R4.xml Edgar Link unprocessable
R40.htm Edgar Link pending
R40.xml Edgar Link unprocessable
R41.htm Edgar Link pending
R41.xml Edgar Link unprocessable
R42.htm Edgar Link pending
R42.xml Edgar Link unprocessable
R43.htm Edgar Link pending
R43.xml Edgar Link unprocessable
R44.htm Edgar Link pending
R44.xml Edgar Link unprocessable
R45.htm Edgar Link pending
R45.xml Edgar Link unprocessable
R46.htm Edgar Link pending
R46.xml Edgar Link unprocessable
R47.htm Edgar Link pending
R47.xml Edgar Link unprocessable
R48.htm Edgar Link pending
R48.xml Edgar Link unprocessable
R5.htm Edgar Link pending
R5.xml Edgar Link unprocessable
R6.htm Edgar Link pending
R6.xml Edgar Link unprocessable
R7.htm Edgar Link pending
R7.xml Edgar Link unprocessable
R8.htm Edgar Link pending
R8.xml Edgar Link unprocessable
R9.htm Edgar Link pending
R9.xml Edgar Link unprocessable
report.css Edgar Link pending
Show.js Edgar Link pending
smsi-20130630.xml Edgar Link completed
smsi-20130630.xsd Edgar Link pending
smsi-20130630_cal.xml Edgar Link unprocessable
smsi-20130630_def.xml Edgar Link unprocessable
smsi-20130630_lab.xml Edgar Link unprocessable
smsi-20130630_pre.xml Edgar Link unprocessable