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10-Q Filing

AZZ INC CIK: 8947 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000008947-16-000220
Period End Date 20160531
Filing Date 20160705
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance azz-20160531.xml
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Accounts Receivable, Allowance for Doubtful Accounts AllowanceForDoubtfulAccountsReceivableCurrent $1.57M 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
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $12.07M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $45.76M USD Point-in-time
Common Stock, Shares Authorized (shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $22.53M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $40.19M USD Point-in-time
Common Stock, Shares Authorized (shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $253 as of May 31, 2016 and $264 as of February 29, 2016) AccountsReceivableNetCurrent $131.42M USD Point-in-time
Common Stock, Shares Issued (shares) CommonStockSharesIssued 25.87M shares Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $253 as of May 31, 2016 and $264 as of February 29, 2016) AccountsReceivableNetCurrent $154.79M USD Point-in-time
Common Stock, Shares Issued (shares) CommonStockSharesIssued 25.93M shares Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 25.93M shares Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 25.87M shares Point-in-time
Raw Material InventoryRawMaterials $70.12M USD Point-in-time
Raw Material InventoryRawMaterials $66.55M USD Point-in-time
Work-In-Process InventoryWorkInProcess $33.43M USD Point-in-time
Work-In-Process InventoryWorkInProcess $28.54M USD Point-in-time
Finished Goods InventoryFinishedGoods $7.44M USD Point-in-time
Finished Goods InventoryFinishedGoods $7.05M USD Point-in-time
Costs and Estimated Earnings In Excess of Billings On Uncompleted Contracts CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear $30.58M USD Point-in-time
Costs and Estimated Earnings In Excess of Billings On Uncompleted Contracts CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear $32.29M USD Point-in-time
Deferred Income Taxes DeferredTaxAssetsNetCurrent $200.00K USD Point-in-time
Deferred Income Taxes DeferredTaxAssetsNetCurrent $217.00K USD Point-in-time
Prepaid Expenses and Other PrepaidExpenseAndOtherAssets $3.10M USD Point-in-time
Prepaid Expenses and Other PrepaidExpenseAndOtherAssets $7.97M USD Point-in-time
Total Current Assets AssetsCurrent $309.33M USD Point-in-time
Total Current Assets AssetsCurrent $316.63M USD Point-in-time
Property, Plant and Equipment, Net PropertyPlantAndEquipmentNet $226.33M USD Point-in-time
Property, Plant and Equipment, Net PropertyPlantAndEquipmentNet $230.16M USD Point-in-time
Property, Plant and Equipment, Net PropertyPlantAndEquipmentNet $226.33M USD Point-in-time
Goodwill Goodwill $306.07M USD Point-in-time
Goodwill Goodwill $292.53M USD Point-in-time
Intangibles and Other Assets, Net IntangibleAssetsNetExcludingGoodwill $153.82M USD Point-in-time
Intangibles and Other Assets, Net IntangibleAssetsNetExcludingGoodwill $157.74M USD Point-in-time
Total Assets Assets $1.01B USD Point-in-time
Total Assets Assets $989.37M USD Point-in-time
Total Assets Assets $982.01M USD Point-in-time
Accounts Payable AccountsPayableCurrent $56.33M USD Point-in-time
Accounts Payable AccountsPayableCurrent $46.75M USD Point-in-time
Income Tax Payables AccruedIncomeTaxesCurrent $3.99M USD Point-in-time
Income Tax Payables AccruedIncomeTaxesCurrent $2.70M USD Point-in-time
Accrued Salaries and Wages EmployeeRelatedLiabilitiesCurrent $30.47M USD Point-in-time
Accrued Salaries and Wages EmployeeRelatedLiabilitiesCurrent $16.84M USD Point-in-time
Other Accrued Liabilities OtherLiabilitiesCurrent $22.76M USD Point-in-time
Other Accrued Liabilities OtherLiabilitiesCurrent $20.41M USD Point-in-time
Customer Advance Payment CustomerAdvancesCurrent $18.17M USD Point-in-time
Customer Advance Payment CustomerAdvancesCurrent $15.65M USD Point-in-time
Long Term Debt Due Within One Year DebtCurrent $23.19M USD Point-in-time
Long Term Debt Due Within One Year DebtCurrent $23.66M USD Point-in-time
Billings In Excess of Costs and Estimated Earnings On Uncompleted Contracts BillingsInExcessOfCost $12.83M USD Point-in-time
Billings In Excess of Costs and Estimated Earnings On Uncompleted Contracts BillingsInExcessOfCost $9.24M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $154.59M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $148.41M USD Point-in-time
Long-Term Debt Due After One Year LongTermDebtNoncurrent $302.43M USD Point-in-time
Long-Term Debt Due After One Year LongTermDebtNoncurrent $300.93M USD Point-in-time
Deferred Income Taxes DeferredTaxLiabilitiesNoncurrent $49.96M USD Point-in-time
Deferred Income Taxes DeferredTaxLiabilitiesNoncurrent $52.20M USD Point-in-time
Liabilities Liabilities $507.72M USD Point-in-time
Liabilities Liabilities $500.79M USD Point-in-time
Common stock, $1 Par Value, Shares Authorized 100,000; 25,931 Shares at May 31, 2016 and 25,874 Shares at February 29, 2016 CommonStockValue $25.87M USD Point-in-time
Common stock, $1 Par Value, Shares Authorized 100,000; 25,931 Shares at May 31, 2016 and 25,874 Shares at February 29, 2016 CommonStockValue $25.93M USD Point-in-time
Capital In Excess of Par Value AdditionalPaidInCapitalCommonStock $35.15M USD Point-in-time
Capital In Excess of Par Value AdditionalPaidInCapitalCommonStock $37.12M USD Point-in-time
Retained Earnings RetainedEarningsAccumulatedDeficit $467.93M USD Point-in-time
Retained Earnings RetainedEarningsAccumulatedDeficit $450.75M USD Point-in-time
Accumulated Other Comprehensive Income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-28.09M USD Point-in-time
Accumulated Other Comprehensive Income AccumulatedOtherComprehensiveIncomeLossNetOfTax $-30.56M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $502.89M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $481.22M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $982.01M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $1.01B USD Point-in-time
Income Statement 26 line items
Line Item Tag Value Unit Period
Net Sales SalesRevenueNet $242.67M USD 1 Quarter
Net Sales SalesRevenueNet $228.89M USD 1 Quarter
Cost of Sales CostOfGoodsSold $179.34M USD 1 Quarter
Cost of Sales CostOfGoodsSold $169.58M USD 1 Quarter
Gross Profit GrossProfit $63.33M USD 1 Quarter
Gross Profit GrossProfit $59.30M USD 1 Quarter
Selling, General and Administrative SellingGeneralAndAdministrativeExpense $26.42M USD 1 Quarter
Selling, General and Administrative SellingGeneralAndAdministrativeExpense $28.82M USD 1 Quarter
Operating Income (Loss) OperatingIncomeLoss $34.51M USD 1 Quarter
Operating Income (Loss) OperatingIncomeLoss $32.88M USD 1 Quarter
Interest Expense InterestExpense $3.85M USD 1 Quarter
Interest Expense InterestExpense $3.92M USD 1 Quarter
Gain (Loss) on Disposition of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment $424.00K USD 1 Quarter
Gain (Loss) on Disposition of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment $110.00K USD 1 Quarter
Other Expense (Income) - net OtherNonoperatingIncomeExpense $122.00K USD 1 Quarter
Other Expense (Income) - net OtherNonoperatingIncomeExpense $-307.00K USD 1 Quarter
Income Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $29.16M USD 1 Quarter
Income Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $30.82M USD 1 Quarter
Income Tax Expense IncomeTaxExpenseBenefit $9.75M USD 1 Quarter
Income Tax Expense IncomeTaxExpenseBenefit $9.23M USD 1 Quarter
Net Income NetIncomeLoss $21.06M USD 1 Quarter
Net Income NetIncomeLoss $19.92M USD 1 Quarter
Basic Earnings Per Share (usd per share) EarningsPerShareBasic $0.77 USD 1 Quarter
Basic Earnings Per Share (usd per share) EarningsPerShareBasic $0.81 USD 1 Quarter
Diluted Earnings Per Share (usd per share) EarningsPerShareDiluted $0.77 USD 1 Quarter
Diluted Earnings Per Share (usd per share) EarningsPerShareDiluted $0.81 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $21.06M USD 1 Quarter
Net Income NetIncomeLoss $19.92M USD 1 Quarter
Provision For Doubtful Accounts ProvisionForDoubtfulAccounts $101.00K USD 1 Quarter
Provision For Doubtful Accounts ProvisionForDoubtfulAccounts $-87.00K USD 1 Quarter
Amortization and Depreciation DepreciationAndAmortization $11.06M USD 1 Quarter
Amortization and Depreciation DepreciationAndAmortization $12.63M USD 1 Quarter
Deferred Income Tax Expense DeferredIncomeTaxExpenseBenefit $2.15M USD 1 Quarter
Deferred Income Tax Expense DeferredIncomeTaxExpenseBenefit $-3.27M USD 1 Quarter
Net Loss (Gain) On Insurance Settlement or On Sale of Property, Plant & Equipment GainLossOnSaleOfPropertyPlantEquipment $424.00K USD 1 Quarter
Net Loss (Gain) On Insurance Settlement or On Sale of Property, Plant & Equipment GainLossOnSaleOfPropertyPlantEquipment $110.00K USD 1 Quarter
Amortization of Deferred Borrowing Costs AmortizationOfFinancingCosts $343.00K USD 1 Quarter
Amortization of Deferred Borrowing Costs AmortizationOfFinancingCosts $323.00K USD 1 Quarter
Share Based Compensation Expense ShareBasedCompensation $1.11M USD 1 Quarter
Share Based Compensation Expense ShareBasedCompensation $771.00K USD 1 Quarter
Accounts Receivable IncreaseDecreaseInAccountsReceivable $20.98M USD 1 Quarter
Accounts Receivable IncreaseDecreaseInAccountsReceivable $4.23M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $6.26M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $5.55M USD 1 Quarter
Prepaid Expenses and Other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.01M USD 1 Quarter
Prepaid Expenses and Other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $4.83M USD 1 Quarter
Other Assets IncreaseDecreaseInOtherOperatingAssets $-73.00K USD 1 Quarter
Other Assets IncreaseDecreaseInOtherOperatingAssets $-74.00K USD 1 Quarter
Net Change In Billings Related To Costs and Estimated Earnings On Uncompleted Contracts IncreaseDecreaseInBillingInExcessOfCostOfEarnings $-20.53M USD 1 Quarter
Net Change In Billings Related To Costs and Estimated Earnings On Uncompleted Contracts IncreaseDecreaseInBillingInExcessOfCostOfEarnings $5.45M USD 1 Quarter
Accounts Payable IncreaseDecreaseInAccountsPayable $7.75M USD 1 Quarter
Accounts Payable IncreaseDecreaseInAccountsPayable $2.96M USD 1 Quarter
Other Accrued Liabilities and Income Taxes Payable IncreaseDecreaseInOtherOperatingLiabilities $-9.37M USD 1 Quarter
Other Accrued Liabilities and Income Taxes Payable IncreaseDecreaseInOtherOperatingLiabilities $9.22M USD 1 Quarter
Net Cash Provided By Operating Activities NetCashProvidedByUsedInOperatingActivities $9.64M USD 1 Quarter
Net Cash Provided By Operating Activities NetCashProvidedByUsedInOperatingActivities $4.72M USD 1 Quarter
Proceeds From Sale Or Insurance Settlement of Property, Plant, and Equipment ProceedsFromSaleOfPropertyPlantAndEquipment $262.00K USD 1 Quarter
Proceeds From Sale Or Insurance Settlement of Property, Plant, and Equipment ProceedsFromSaleOfPropertyPlantAndEquipment $127.00K USD 1 Quarter
Purchase of Property, Plant and Equipment PaymentsToAcquirePropertyPlantAndEquipment $6.47M USD 1 Quarter
Purchase of Property, Plant and Equipment PaymentsToAcquirePropertyPlantAndEquipment $10.50M USD 1 Quarter
Acquisition of Subsidiaries, Net of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisition of Subsidiaries, Net of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired $22.68M USD 1 Quarter
Net Cash From Investing Activities NetCashProvidedByUsedInInvestingActivities $-33.05M USD 1 Quarter
Net Cash From Investing Activities NetCashProvidedByUsedInInvestingActivities $-6.21M USD 1 Quarter
Excess Tax Benefits From Stock Options and Stock Appreciation Rights ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $231.00K USD 1 Quarter
Excess Tax Benefits From Stock Options and Stock Appreciation Rights ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-138.00K USD 1 Quarter
Proceeds from revolving loan ProceedsFromLinesOfCredit $61.00M USD 1 Quarter
Proceeds from revolving loan ProceedsFromLinesOfCredit $59.48M USD 1 Quarter
Payments on revolving loan RepaymentsOfLinesOfCredit $14.08M USD 1 Quarter
Payments on revolving loan RepaymentsOfLinesOfCredit $46.00M USD 1 Quarter
Payments on Long Term Debt RepaymentsOfLongTermDebt $16.16M USD 1 Quarter
Payments on Long Term Debt RepaymentsOfLongTermDebt $16.16M USD 1 Quarter
Payments of Dividends PaymentsOfDividends $3.87M USD 1 Quarter
Payments of Dividends PaymentsOfDividends $3.89M USD 1 Quarter
Net Cash Used In Financing Activities NetCashProvidedByUsedInFinancingActivities $-4.82M USD 1 Quarter
Net Cash Used In Financing Activities NetCashProvidedByUsedInFinancingActivities $25.24M USD 1 Quarter
Effect of Exchange Rate Changes on Cash EffectOfExchangeRateOnCashAndCashEquivalents $-514.00K USD 1 Quarter
Effect of Exchange Rate Changes on Cash EffectOfExchangeRateOnCashAndCashEquivalents $119.00K USD 1 Quarter
Net Increase (Decrease) In Cash & Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-28.12M USD 1 Quarter
Net Increase (Decrease) In Cash & Cash Equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $23.24M USD 1 Quarter
Cash & Cash Equivalents At Beginning of Period CashAndCashEquivalentsAtCarryingValue $12.07M USD Point-in-time
Cash & Cash Equivalents At Beginning of Period CashAndCashEquivalentsAtCarryingValue $45.76M USD Point-in-time
Cash & Cash Equivalents At Beginning of Period CashAndCashEquivalentsAtCarryingValue $22.53M USD Point-in-time
Cash & Cash Equivalents At Beginning of Period CashAndCashEquivalentsAtCarryingValue $40.19M USD Point-in-time
Cash & Cash Equivalents At End of Period CashAndCashEquivalentsAtCarryingValue $12.07M USD Point-in-time
Cash & Cash Equivalents At End of Period CashAndCashEquivalentsAtCarryingValue $45.76M USD Point-in-time
Cash & Cash Equivalents At End of Period CashAndCashEquivalentsAtCarryingValue $22.53M USD Point-in-time
Cash & Cash Equivalents At End of Period CashAndCashEquivalentsAtCarryingValue $40.19M USD Point-in-time
Cash Paid For Interest InterestPaid $2.57M USD 1 Quarter
Cash Paid For Interest InterestPaid $2.86M USD 1 Quarter
Cash Paid For Income Taxes IncomeTaxesPaid $3.58M USD 1 Quarter
Cash Paid For Income Taxes IncomeTaxesPaid $6.97M USD 1 Quarter
Stockholders Equity 18 line items
Line Item Tag Value Unit Period
Interest rate swap, income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $7.00K USD 1 Quarter
Interest rate swap, income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $7.00K USD 1 Quarter
Balance StockholdersEquity $502.89M USD Point-in-time
Balance StockholdersEquity $481.22M USD Point-in-time
Stock Compensation StockIssuedDuringPeriodValueShareBasedCompensation $1.11M USD 1 Quarter
Restricted Stock Units StockIssuedDuringPeriodValueRestrictedStockAwardGross $-481.00K USD 1 Quarter
Stock Issued For Stock Appreciation Rights StockIssuedForStockAppreciationRights $-40.00K USD 1 Quarter
Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan $1.21M USD 1 Quarter
Federal Income Tax Deducted on Stock Options and SARs IncomeTaxEffectsAllocatedDirectlyToEquityEmployeeStockOptions $-231.00K USD 1 Quarter
Cash Dividend Paid DividendsCash $-3.89M USD 1 Quarter
Net Income NetIncomeLoss $21.06M USD 1 Quarter
Net Income NetIncomeLoss $19.92M USD 1 Quarter
Foreign Currency Translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-363.00K USD 1 Quarter
Foreign Currency Translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.48M USD 1 Quarter
Interest rate swap, net of $7 income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-14.00K USD 1 Quarter
Interest rate swap, net of $7 income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-14.00K USD 1 Quarter
Balance StockholdersEquity $502.89M USD Point-in-time
Balance StockholdersEquity $481.22M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net Income NetIncomeLoss $21.06M USD 1 Quarter
Interest rate swap, income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $7.00K USD 1 Quarter
Net Income NetIncomeLoss $19.92M USD 1 Quarter
Interest rate swap, income tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $7.00K USD 1 Quarter
Unrealized Translation Gains (Losses) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-363.00K USD 1 Quarter
Unrealized Translation Gains (Losses) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.48M USD 1 Quarter
Interest rate swap, net of income tax of $7 and $7, respectively. OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-14.00K USD 1 Quarter
Interest rate swap, net of income tax of $7 and $7, respectively. OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-14.00K USD 1 Quarter
Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTax $-377.00K USD 1 Quarter
Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTax $2.46M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $23.53M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTax $19.55M USD 1 Quarter

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

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