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10-Q Filing

AZZ INC CIK: 8947 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0000008947-14-000097
Period End Date 20140531
Filing Date 20140627
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance azz-20140531.xml
Balance Sheet 73 line items
Line Item Tag Value Unit Period
Accounts Receivable, Allowance for Doubtful Accounts AllowanceForDoubtfulAccountsReceivableCurrent $1.74M USD Point-in-time
Accounts Receivable, Allowance for Doubtful Accounts AllowanceForDoubtfulAccountsReceivableCurrent $1.47M USD Point-in-time
Common Stock, Par Value (usd per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common Stock, Par Value (usd per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common Stock, Shares Authorized (shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $55.60M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $41.64M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $25.65M USD Point-in-time
Common Stock, Shares Authorized (shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $27.56M USD Point-in-time
Accounts Receivable (Net of Allowance for Doubtful Accounts of $1,472,138 as of May 31, 2014 and $1,744,321 as of February 28, 2014) AccountsReceivableNetCurrent $131.23M USD Point-in-time
Accounts Receivable (Net of Allowance for Doubtful Accounts of $1,472,138 as of May 31, 2014 and $1,744,321 as of February 28, 2014) AccountsReceivableNetCurrent $116.13M USD Point-in-time
Common Stock, Shares Issued (shares) CommonStockSharesIssued 25.58M shares Point-in-time
Common Stock, Shares Issued (shares) CommonStockSharesIssued 25.65M shares Point-in-time
Raw Material InventoryRawMaterials $65.93M USD Point-in-time
Raw Material InventoryRawMaterials $64.82M USD Point-in-time
Work-In-Process InventoryWorkInProcess $39.78M USD Point-in-time
Work-In-Process InventoryWorkInProcess $45.41M USD Point-in-time
Finished Goods InventoryFinishedGoods $2.98M USD Point-in-time
Finished Goods InventoryFinishedGoods $2.91M USD Point-in-time
Costs and Estimated Earnings In Excess of Billings On Uncompleted Contracts CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear $27.22M USD Point-in-time
Costs and Estimated Earnings In Excess of Billings On Uncompleted Contracts CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear $31.62M USD Point-in-time
Deferred Income Taxes DeferredTaxAssetsNetCurrent $14.59M USD Point-in-time
Deferred Income Taxes DeferredTaxAssetsNetCurrent $7.80M USD Point-in-time
Prepaid Expenses and Other PrepaidExpenseAndOtherAssets $12.60M USD Point-in-time
Prepaid Expenses and Other PrepaidExpenseAndOtherAssets $9.88M USD Point-in-time
Total Current Assets AssetsCurrent $329.93M USD Point-in-time
Total Current Assets AssetsCurrent $296.18M USD Point-in-time
Property, Plant and Equipment, Net PropertyPlantAndEquipmentNet $197.42M USD Point-in-time
Property, Plant and Equipment, Net PropertyPlantAndEquipmentNet $197.64M USD Point-in-time
Goodwill Goodwill $278.56M USD Point-in-time
Goodwill Goodwill $279.74M USD Point-in-time
Intangibles and Other Assets, Net IntangibleAssetsNetExcludingGoodwill $176.46M USD Point-in-time
Intangibles and Other Assets, Net IntangibleAssetsNetExcludingGoodwill $180.88M USD Point-in-time
Total Assets Assets $983.54M USD Point-in-time
Total Assets Assets $982.20M USD Point-in-time
Total Assets Assets $953.25M USD Point-in-time
Accounts Payable AccountsPayableCurrent $38.83M USD Point-in-time
Accounts Payable AccountsPayableCurrent $52.99M USD Point-in-time
Income Tax Payables AccruedIncomeTaxesCurrent $5.36M USD Point-in-time
Income Tax Payables AccruedIncomeTaxesCurrent $7.44M USD Point-in-time
Accrued Salaries and Wages EmployeeRelatedLiabilitiesCurrent $11.70M USD Point-in-time
Accrued Salaries and Wages EmployeeRelatedLiabilitiesCurrent $17.76M USD Point-in-time
Other Accrued Liabilities OtherLiabilitiesCurrent $17.16M USD Point-in-time
Other Accrued Liabilities OtherLiabilitiesCurrent $18.60M USD Point-in-time
Customer Advance Payment CustomerAdvancesCurrent $33.73M USD Point-in-time
Customer Advance Payment CustomerAdvancesCurrent $33.05M USD Point-in-time
Profit Sharing DeferredCompensationShareBasedArrangementsLiabilityCurrent $7.31M USD Point-in-time
Profit Sharing DeferredCompensationShareBasedArrangementsLiabilityCurrent $8.93M USD Point-in-time
Long Term Debt Due Within One Year DebtCurrent $21.79M USD Point-in-time
Long Term Debt Due Within One Year DebtCurrent $20.85M USD Point-in-time
Billings In Excess of Costs and Estimated Earnings On Uncompleted Contracts BillingsInExcessOfCost $3.02M USD Point-in-time
Billings In Excess of Costs and Estimated Earnings On Uncompleted Contracts BillingsInExcessOfCost $3.51M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $144.02M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $158.01M USD Point-in-time
Long Term Accrued Liabilities Due After One Year LongTermAccruedLiabilitiesDueAfterOneYear $9.12M USD Point-in-time
Long Term Accrued Liabilities Due After One Year LongTermAccruedLiabilitiesDueAfterOneYear $9.12M USD Point-in-time
Long-Term Debt Due After One Year LongTermDebtNoncurrent $384.77M USD Point-in-time
Long-Term Debt Due After One Year LongTermDebtNoncurrent $378.61M USD Point-in-time
Deferred Income Taxes DeferredTaxLiabilitiesNoncurrent $39.44M USD Point-in-time
Deferred Income Taxes DeferredTaxLiabilitiesNoncurrent $45.86M USD Point-in-time
Common Stock, $1 Par Value, Shares Authorized 100,000,000 (25,650,270 Shares at May 31, 2014 and 25,577,205 Shares at February 28, 2014) CommonStockValue $25.65M USD Point-in-time
Common Stock, $1 Par Value, Shares Authorized 100,000,000 (25,650,270 Shares at May 31, 2014 and 25,577,205 Shares at February 28, 2014) CommonStockValue $25.58M USD Point-in-time
Capital In Excess of Par Value AdditionalPaidInCapitalCommonStock $23.58M USD Point-in-time
Capital In Excess of Par Value AdditionalPaidInCapitalCommonStock $21.95M USD Point-in-time
Retained Earnings RetainedEarningsAccumulatedDeficit $339.40M USD Point-in-time
Retained Earnings RetainedEarningsAccumulatedDeficit $350.74M USD Point-in-time
Accumulated Other Comprehensive Income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-8.03M USD Point-in-time
Accumulated Other Comprehensive Income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-11.02M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $375.91M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $391.94M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $983.54M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $953.25M USD Point-in-time
Income Statement 26 line items
Line Item Tag Value Unit Period
Net Sales SalesRevenueNet $183.17M USD 1 Quarter
Net Sales SalesRevenueNet $216.13M USD 1 Quarter
Cost of Sales CostOfGoodsSold $160.74M USD 1 Quarter
Cost of Sales CostOfGoodsSold $132.46M USD 1 Quarter
Gross Profit GrossProfit $55.39M USD 1 Quarter
Gross Profit GrossProfit $50.72M USD 1 Quarter
Selling, General and Administrative SellingGeneralAndAdministrativeExpense $27.54M USD 1 Quarter
Selling, General and Administrative SellingGeneralAndAdministrativeExpense $26.69M USD 1 Quarter
Operating Income (Loss) OperatingIncomeLoss $27.85M USD 1 Quarter
Operating Income (Loss) OperatingIncomeLoss $24.03M USD 1 Quarter
Interest Expense InterestExpense $4.21M USD 1 Quarter
Interest Expense InterestExpense $4.48M USD 1 Quarter
Net Loss (Gain) On Sale of Property, Plant and Equipment, and Insurance Proceeds GainLossOnSaleOfPropertyPlantAndEquipmentAndInsuranceProceeds $23.34K USD 1 Quarter
Net Loss (Gain) On Sale of Property, Plant and Equipment, and Insurance Proceeds GainLossOnSaleOfPropertyPlantAndEquipmentAndInsuranceProceeds $26.56K USD 1 Quarter
Other Expense (Income) - net OtherNonoperatingIncomeExpense $3.83M USD 1 Quarter
Other Expense (Income) - net OtherNonoperatingIncomeExpense $31.05K USD 1 Quarter
Income Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $23.70M USD 1 Quarter
Income Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $23.40M USD 1 Quarter
Income Tax Expense IncomeTaxExpenseBenefit $8.86M USD 1 Quarter
Income Tax Expense IncomeTaxExpenseBenefit $8.77M USD 1 Quarter
Net Income NetIncomeLoss $14.93M USD 1 Quarter
Net Income NetIncomeLoss $14.55M USD 1 Quarter
Basic Earnings Per Share (usd per share) EarningsPerShareBasic $0.58 USD 1 Quarter
Basic Earnings Per Share (usd per share) EarningsPerShareBasic $0.57 USD 1 Quarter
Diluted Earnings Per Share (usd per share) EarningsPerShareDiluted $0.57 USD 1 Quarter
Diluted Earnings Per Share (usd per share) EarningsPerShareDiluted $0.58 USD 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $14.93M USD 1 Quarter
Net Income NetIncomeLoss $14.55M USD 1 Quarter
Provision For Doubtful Accounts ProvisionForDoubtfulAccounts $-196.85K USD 1 Quarter
Provision For Doubtful Accounts ProvisionForDoubtfulAccounts $-89.89K USD 1 Quarter
Amortization and Depreciation DepreciationAndAmortization $11.54M USD 1 Quarter
Amortization and Depreciation DepreciationAndAmortization $10.07M USD 1 Quarter
Deferred Income Tax Expense DeferredIncomeTaxExpenseBenefit $-462.38K USD 1 Quarter
Deferred Income Tax Expense DeferredIncomeTaxExpenseBenefit $2.25M USD 1 Quarter
Net Loss (Gain) On Insurance Settlement or On Sale of Property, Plant & Equipment GainLossOnSaleOfPropertyPlantEquipment $26.56K USD 1 Quarter
Net Loss (Gain) On Insurance Settlement or On Sale of Property, Plant & Equipment GainLossOnSaleOfPropertyPlantEquipment $23.34K USD 1 Quarter
Amortization of Deferred Borrowing Costs AmortizationOfFinancingCosts $365.63K USD 1 Quarter
Amortization of Deferred Borrowing Costs AmortizationOfFinancingCosts $280.02K USD 1 Quarter
Share Based Compensation Expense ShareBasedCompensation $1.14M USD 1 Quarter
Share Based Compensation Expense ShareBasedCompensation $1.61M USD 1 Quarter
Accounts Receivable IncreaseDecreaseInAccountsReceivable $-27.93M USD 1 Quarter
Accounts Receivable IncreaseDecreaseInAccountsReceivable $14.59M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $4.83M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $6.55M USD 1 Quarter
Prepaid Expenses and Other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.69M USD 1 Quarter
Prepaid Expenses and Other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $3.32M USD 1 Quarter
Other Assets IncreaseDecreaseInOtherOperatingAssets $-77.73K USD 1 Quarter
Other Assets IncreaseDecreaseInOtherOperatingAssets $4.00M USD 1 Quarter
Net Change In Billings Related To Costs and Estimated Earnings On Uncompleted Contracts IncreaseDecreaseInBillingInExcessOfCostOfEarnings $-3.84M USD 1 Quarter
Net Change In Billings Related To Costs and Estimated Earnings On Uncompleted Contracts IncreaseDecreaseInBillingInExcessOfCostOfEarnings $-6.45M USD 1 Quarter
Accounts Payable IncreaseDecreaseInAccountsPayable $13.94M USD 1 Quarter
Accounts Payable IncreaseDecreaseInAccountsPayable $412.68K USD 1 Quarter
Other Accrued Liabilities and Income Taxes Payable IncreaseDecreaseInOtherOperatingLiabilities $-1.54M USD 1 Quarter
Other Accrued Liabilities and Income Taxes Payable IncreaseDecreaseInOtherOperatingLiabilities $1.49M USD 1 Quarter
Net Cash Provided By Operating Activities NetCashProvidedByUsedInOperatingActivities $39.88M USD 1 Quarter
Net Cash Provided By Operating Activities NetCashProvidedByUsedInOperatingActivities $12.09M USD 1 Quarter
Proceeds From Sale Or Insurance Settlement of Property, Plant, and Equipment ProceedsFromSaleOfPropertyPlantAndEquipment $33.93K USD 1 Quarter
Proceeds From Sale Or Insurance Settlement of Property, Plant, and Equipment ProceedsFromSaleOfPropertyPlantAndEquipment $28.66K USD 1 Quarter
Purchase of Property, Plant and Equipment PaymentsToAcquirePropertyPlantAndEquipment $11.61M USD 1 Quarter
Purchase of Property, Plant and Equipment PaymentsToAcquirePropertyPlantAndEquipment $5.85M USD 1 Quarter
Acquisition of Subsidiaries, Net of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisition of Subsidiaries, Net of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired $276.60M USD 1 Quarter
Net Cash From Investing Activities NetCashProvidedByUsedInInvestingActivities $-5.82M USD 1 Quarter
Net Cash From Investing Activities NetCashProvidedByUsedInInvestingActivities $-288.18M USD 1 Quarter
Excess Tax Benefits From Stock Options and Stock Appreciation Rights ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $365.62K USD 1 Quarter
Excess Tax Benefits From Stock Options and Stock Appreciation Rights ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.11M USD 1 Quarter
Proceeds from Revolving Loan ProceedsFromLinesOfCredit $197.00M USD 1 Quarter
Proceeds from Revolving Loan ProceedsFromLinesOfCredit $10.00M USD 1 Quarter
Payments on Revolving Loan RepaymentsOfLinesOfCredit - USD 1 Quarter
Payments on Revolving Loan RepaymentsOfLinesOfCredit $15.00M USD 1 Quarter
Proceeds on Long Term Debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Proceeds on Long Term Debt ProceedsFromIssuanceOfLongTermDebt $75.00M USD 1 Quarter
Payments on Long Term Debt RepaymentsOfLongTermDebt $14.29M USD 1 Quarter
Payments on Long Term Debt RepaymentsOfLongTermDebt $15.22M USD 1 Quarter
Debt Acquisition Costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Debt Acquisition Costs PaymentsOfDebtIssuanceCosts $5.88M USD 1 Quarter
Payments of Dividends PaymentsOfDividends $3.57M USD 1 Quarter
Payments of Dividends PaymentsOfDividends $3.59M USD 1 Quarter
Net Cash Used In Financing Activities NetCashProvidedByUsedInFinancingActivities $-8.45M USD 1 Quarter
Net Cash Used In Financing Activities NetCashProvidedByUsedInFinancingActivities $234.38M USD 1 Quarter
Effect of Exchange Rate Changes on Cash EffectOfExchangeRateOnCashAndCashEquivalents $-44.52K USD 1 Quarter
Effect of Exchange Rate Changes on Cash EffectOfExchangeRateOnCashAndCashEquivalents $256.32K USD 1 Quarter
Net Increase (Decrease) In Cash & Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.92M USD 1 Quarter
Net Increase (Decrease) In Cash & Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-13.96M USD 1 Quarter
Cash & Cash Equivalents At Beginning of Period CashAndCashEquivalentsAtCarryingValue $55.60M USD Point-in-time
Cash & Cash Equivalents At Beginning of Period CashAndCashEquivalentsAtCarryingValue $41.64M USD Point-in-time
Cash & Cash Equivalents At Beginning of Period CashAndCashEquivalentsAtCarryingValue $25.65M USD Point-in-time
Cash & Cash Equivalents At Beginning of Period CashAndCashEquivalentsAtCarryingValue $27.56M USD Point-in-time
Cash & Cash Equivalents At End of Period CashAndCashEquivalentsAtCarryingValue $55.60M USD Point-in-time
Cash & Cash Equivalents At End of Period CashAndCashEquivalentsAtCarryingValue $41.64M USD Point-in-time
Cash & Cash Equivalents At End of Period CashAndCashEquivalentsAtCarryingValue $25.65M USD Point-in-time
Cash & Cash Equivalents At End of Period CashAndCashEquivalentsAtCarryingValue $27.56M USD Point-in-time
Cash Paid For Interest InterestPaid $2.82M USD 1 Quarter
Cash Paid For Interest InterestPaid $3.50M USD 1 Quarter
Cash Paid For Income Taxes IncomeTaxesPaid $403.37K USD 1 Quarter
Cash Paid For Income Taxes IncomeTaxesPaid $6.49M USD 1 Quarter
Stockholders Equity 17 line items
Line Item Tag Value Unit Period
Interest rate swap, income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $7.30K USD 1 Quarter
Interest rate swap, income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $7.30K USD 1 Quarter
Balance StockholdersEquity $375.91M USD Point-in-time
Balance StockholdersEquity $391.94M USD Point-in-time
Stock Compensation StockIssuedDuringPeriodValueShareBasedCompensation $1.14M USD 1 Quarter
Restricted Stock Units StockIssuedDuringPeriodValueRestrictedStockAwardGross $-255.23K USD 1 Quarter
Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $1.05M USD 1 Quarter
Federal Income Tax Deducted on Stock Options and SARs IncomeTaxEffectsAllocatedDirectlyToEquityEmployeeStockOptions $-365.62K USD 1 Quarter
Cash Dividend Paid DividendsCash $3.59M USD 1 Quarter
Net Income NetIncomeLoss $14.93M USD 1 Quarter
Net Income NetIncomeLoss $14.55M USD 1 Quarter
Foreign Currency Translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-546.48K USD 1 Quarter
Foreign Currency Translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.01M USD 1 Quarter
Interest Rate Swap, Net of $7,301 Income Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-13.56K USD 1 Quarter
Interest Rate Swap, Net of $7,301 Income Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-13.56K USD 1 Quarter
Balance StockholdersEquity $375.91M USD Point-in-time
Balance StockholdersEquity $391.94M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Interest rate swap, income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $7.30K USD 1 Quarter
Net Income NetIncomeLoss $14.93M USD 1 Quarter
Interest rate swap, income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $7.30K USD 1 Quarter
Net Income NetIncomeLoss $14.55M USD 1 Quarter
Unrealized Translation Gains (Losses) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-546.48K USD 1 Quarter
Unrealized Translation Gains (Losses) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.01M USD 1 Quarter
Interest Rate Swap, Net of Income Tax of $7,301 and $7,301 respectively OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-13.56K USD 1 Quarter
Interest Rate Swap, Net of Income Tax of $7,301 and $7,301 respectively OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-13.56K USD 1 Quarter
Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTax $-560.04K USD 1 Quarter
Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTax $2.99M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $13.99M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $17.92M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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