SMTC Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Note 2 - ASC 606 Revenue from Contracts with Customers - Impact of Adoption of ASC 606 (Details)

v3.10.0.1

Note 2 - ASC 606 Revenue from Contracts with Customers - Impact of Adoption of ASC 606 (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Oct. 01, 2017	Sep. 30, 2018	Oct. 01, 2017	Jan. 01, 2018	Dec. 31, 2017
Inventories	$ 28,372		$ 28,372		$ 18,949	$ 22,363
Unbilled contract assets	8,503		8,503		3,734
Total shareholders’ equity	33,395		33,395		19,394	19,074
Unbilled contract assets	8,503		8,503		3,734
Inventories	28,372		28,372		18,949	22,363
Total shareholders’ equity	33,395		33,395		19,394	$ 19,074
Revenue	53,677	$ 34,417	135,276	$ 100,590
Cost of sales	48,440	31,443	121,906	92,639
Gross profit	5,237	2,974	13,370	7,951
Income tax expense	145	78	405	225
Net income	864	$ (551)	775	$ (6,941)
Accounting Standards Update 2014-09 [Member]
Inventories					(3,414)
Unbilled contract assets					3,734
Total shareholders’ equity					320
Unbilled contract assets					3,734
Inventories					(3,414)
Total shareholders’ equity					$ 320
Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Inventories	36,294		36,294
Unbilled contract assets
Total shareholders’ equity	32,814		32,814
Unbilled contract assets
Inventories	36,294		36,294
Total shareholders’ equity	32,814		32,814
Revenue	52,008		130,533
Cost of sales	46,882		117,398
Gross profit	5,126		13,135
Income tax expense	145		405
Net income	753		540
Difference between Revenue Guidance in Effect before and after Topic 606 [Member]
Revenue	1,669		4,743
Cost of sales	1,558		4,508
Gross profit	111		235
Income tax expense
Net income	111		235
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] \| Accounting Standards Update 2014-09 [Member]
Inventories	(7,922)		(7,922)
Unbilled contract assets	8,503		8,503
Total shareholders’ equity	581		581
Unbilled contract assets	8,503		8,503
Inventories	(7,922)		(7,922)
Total shareholders’ equity	$ 581		$ 581

- Definition

Amount, after allowance for credit loss, of right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time, classified as current.

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