10-Q Filing

TEXAS INDUSTRIES INC CIK: 97472 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000097472-13-000026`
Period End Date	20130831
Filing Date	20131004
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	txi-20130831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 38 Cash Flow Statement 50 Comprehensive Income 10

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.87M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.06M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$61.30M	USD	Point-in-time
Receivables net	`ReceivablesNetCurrent`	$126.92M	USD	Point-in-time
Receivables net	`ReceivablesNetCurrent`	$142.03M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.06M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.00M	shares	Point-in-time
Inventories	`InventoryNet`	$105.05M	USD	Point-in-time
Inventories	`InventoryNet`	$107.68M	USD	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$27.29M	USD	Point-in-time
Deferred income taxes and prepaid expenses	`DeferredIncomeTaxesAndPrepaidExpenses`	$26.56M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$320.57M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$324.75M	USD	Point-in-time
Land and land improvements	`Land`	$172.78M	USD	Point-in-time
Land and land improvements	`Land`	$172.49M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$50.97M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$51.46M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.65B	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$1.65B	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$19.02M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$16.64M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.89B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT (Gross)	`PropertyPlantAndEquipmentGross`	$1.89B	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$661.45M	USD	Point-in-time
Less depreciation and depletion	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$680.80M	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.21B	USD	Point-in-time
TOTAL PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentNet`	$1.23B	USD	Point-in-time
Goodwill	`Goodwill`	$40.58M	USD	Point-in-time
Goodwill	`Goodwill`	$40.58M	USD	Point-in-time
Real estate and investments	`RealEstateAndInvestments`	$29.47M	USD	Point-in-time
Real estate and investments	`RealEstateAndInvestments`	$30.06M	USD	Point-in-time
Deferred other charges	`DeferredIncomeTaxesAndOtherAssetsNoncurrent`	$18.82M	USD	Point-in-time
Deferred other charges	`DeferredIncomeTaxesAndOtherAssetsNoncurrent`	$19.36M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$90.00M	USD	Point-in-time
TOTAL OTHER ASSETS	`OtherAssetsNoncurrent`	$88.86M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.64B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.63B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$69.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$69.06M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$62.34M	USD	Point-in-time
Accrued interest, compensation and other	`AccruedLiabilitiesCurrent`	$49.54M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.91M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.87M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$121.07M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$133.27M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtAndCapitalLeaseObligations`	$657.93M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtAndCapitalLeaseObligations`	$657.45M	USD	Point-in-time
DEFERRED INCOME TAXES AND OTHER CREDITS	`OtherLiabilitiesNoncurrent`	$89.95M	USD	Point-in-time
DEFERRED INCOME TAXES AND OTHER CREDITS	`OtherLiabilitiesNoncurrent`	$91.16M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 28,609 and 28,572 shares, respectively	`CommonStockValue`	$28.57M	USD	Point-in-time
Common stock, $1 par value; authorized 100,000 shares; issued and outstanding 28,609 and 28,572 shares, respectively	`CommonStockValue`	$28.61M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$517.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$514.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$229.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$228.69M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.35M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$753.46M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$757.33M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.64B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.63B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueGoodsNet`	$233.08M	USD	1 Quarter
NET SALES	`SalesRevenueGoodsNet`	$174.52M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$202.42M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$159.32M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$15.20M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$30.67M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$17.56M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$18.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.78M	USD	1 Quarter
Interest expense	`InterestExpense`	$17.37M	USD	1 Quarter
Other income, net	`OtherOperatingIncome`	$2.60M	USD	1 Quarter
Other income, net	`OtherOperatingIncome`	$5.86M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$599.00K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-7.54M	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$170.00K	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$-139.00K	USD	1 Quarter
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$-7.40M	USD	1 Quarter
NET INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperations`	$429.00K	USD	1 Quarter
NET INCOME FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$4.74M	USD	1 Quarter
NET INCOME FROM DISCONTINUED OPERATIONS	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$429.00K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-2.66M	USD	1 Quarter
Basic (in USD per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.26	USD	1 Quarter
Basic (in USD per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.02	USD	1 Quarter
Diluted (in USD per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.26	USD	1 Quarter
Diluted (in USD per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.01	USD	1 Quarter
Basic (in USD per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic (in USD per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.18	USD	1 Quarter
Diluted (in USD per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted (in USD per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.18	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic (in USD per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted (in USD per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.58M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	28.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	29.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	28.00M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$429.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.66M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$19.86M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$14.22M	USD	1 Quarter
Gain on asset disposals	`GainLossOnSaleOfAssets`	$2.50M	USD	1 Quarter
Gain on asset disposals	`GainLossOnSaleOfAssets`	$3.07M	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$51.00K	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-3.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.30M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.77M	USD	1 Quarter
Other net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-3.03M	USD	1 Quarter
Other net	`AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-1.85M	USD	1 Quarter
Receivables net	`IncreaseDecreaseInReceivables`	$14.01M	USD	1 Quarter
Receivables net	`IncreaseDecreaseInReceivables`	$16.14M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.82M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-10.85M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-278.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.10M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.63M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.11M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.07M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.09M	USD	1 Quarter
Capital expenditures expansions	`PaymentsForMajorPlantExpansions`	$28.11M	USD	1 Quarter
Capital expenditures expansions	`PaymentsForMajorPlantExpansions`	$7.12M	USD	1 Quarter
Capital expenditures other	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.50M	USD	1 Quarter
Capital expenditures other	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.37M	USD	1 Quarter
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$3.58M	USD	1 Quarter
Proceeds from asset disposals	`ProceedsFromSaleOfProductiveAssets`	$4.32M	USD	1 Quarter
Investments in life insurance contracts	`PaymentsForProceedsFromLifeInsurancePolicies`	$-934.00K	USD	1 Quarter
Investments in life insurance contracts	`PaymentsForProceedsFromLifeInsurancePolicies`	$-146.00K	USD	1 Quarter
Other net	`PaymentsForProceedsFromOtherInvestingActivities`	$59.00K	USD	1 Quarter
Other net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.95M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.25M	USD	1 Quarter
Debt payments	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.03M	USD	1 Quarter
Debt payments	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$447.00K	USD	1 Quarter
Stock option exercises	`ProceedsFromStockOptionsExercised`	$940.00K	USD	1 Quarter
Stock option exercises	`ProceedsFromStockOptionsExercised`	$725.00K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-303.00K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$493.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.82M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.16M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.87M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$88.03M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$61.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.87M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$48.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$88.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$61.30M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$429.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.66M	USD	1 Quarter
Unrealized actuarial gains (losses) of defined benefit plans net of tax expense (benefit) or $0 and $(32), respectively	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	$-55.00K	USD	1 Quarter
Unrealized actuarial gains (losses) of defined benefit plans net of tax expense (benefit) or $0 and $(32), respectively	`OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax`	-	USD	1 Quarter
Reclassification adjustment for losses (gains) of defined benefit plans net of tax expense (benefit) or $6 and $244, respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$-423.00K	USD	1 Quarter
Reclassification adjustment for losses (gains) of defined benefit plans net of tax expense (benefit) or $6 and $244, respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$-9.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$368.00K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$9.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$438.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-2.29M	USD	1 Quarter

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