10-Q Filing

WEIS MARKETS INC CIK: 105418 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000105418-11-000019`
Period End Date	20110630
Filing Date	20110804
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	wmk-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 52 Cash Flow Statement 53

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$70.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.14M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.80M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$67.06M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.80M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$25.76M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	33.05M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$68.35M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	33.05M	shares	Point-in-time
Deferred income taxes on available for sale securities unrealized gains (losses)	`OtherComprehensiveIncomeAvailableForSaleSecuritiesTax`	$3.54M	USD	2 Qtrs
Accounts receivable, net	`AccountsReceivableNetCurrent`	$52.12M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$53.30M	USD	Point-in-time
Deferred income taxes on available for sale securities unrealized gains (losses)	`OtherComprehensiveIncomeAvailableForSaleSecuritiesTax`	$3.48M	USD	Annual
Treasury Stock, Shares	`TreasuryStockShares`	6.15M	shares	Point-in-time
Inventories	`Inventories`	$225.25M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	6.15M	shares	Point-in-time
Inventories	`Inventories`	$231.02M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.44M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.89M	USD	Point-in-time
Income taxes recoverable	`IncomeTaxReceivable`	$2.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$428.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$424.40M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$543.92M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$525.06M	USD	Point-in-time
Goodwill	`Goodwill`	$35.16M	USD	Point-in-time
Goodwill	`Goodwill`	$35.16M	USD	Point-in-time
Intangible and other assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.44M	USD	Point-in-time
Intangible and other assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.48M	USD	Point-in-time
Total assets	`Assets`	$992.08M	USD	Point-in-time
Total assets	`Assets`	$1.01B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$119.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$134.28M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$31.46M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$28.80M	USD	Point-in-time
Accrued self-insurance	`AccruedSelfInsurance`	$17.49M	USD	Point-in-time
Accrued self-insurance	`AccruedSelfInsurance`	$19.16M	USD	Point-in-time
Deferred revenue, net	`DeferredRevenueCurrent`	$6.92M	USD	Point-in-time
Deferred revenue, net	`DeferredRevenueCurrent`	$3.92M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$465.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$6.14M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$5.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$194.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$178.65M	USD	Point-in-time
Postretirement benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$14.62M	USD	Point-in-time
Postretirement benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$15.23M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$54.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$61.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$254.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$263.95M	USD	Point-in-time
Common stock, no par value, 100,800,000 shares authorized, 33,047,807 shares issued	`CommonStockValue`	$9.95M	USD	Point-in-time
Common stock, no par value, 100,800,000 shares authorized, 33,047,807 shares issued	`CommonStockValue`	$9.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$887.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$864.13M	USD	Point-in-time
Accumulated other comprehensive income (Net of deferred taxes of $3,536 in 2011 and $3,477 in 2010)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$5.04M	USD	Point-in-time
Accumulated other comprehensive income (Net of deferred taxes of $3,536 in 2011 and $3,477 in 2010)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$4.90M	USD	Point-in-time
Shareholders' equity before treasury stock	`Shareholdersequitybeforetreasurystock`	$902.83M	USD	Point-in-time
Shareholders' equity before treasury stock	`Shareholdersequitybeforetreasurystock`	$878.98M	USD	Point-in-time
Treasury stock at cost, 6,149,364 shares	`TreasuryStockValue`	$150.86M	USD	Point-in-time
Treasury stock at cost, 6,149,364 shares	`TreasuryStockValue`	$150.86M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$751.97M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$728.13M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.01B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$992.08M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$653.68M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$676.66M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.34B	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$1.32B	USD	2 Qtrs
Cost of sales, including warehousing and distribution expenses	`CostOfSalesIncludingWarehousingAndDistributionExpenses`	$494.00M	USD	1 Quarter
Cost of sales, including warehousing and distribution expenses	`CostOfSalesIncludingWarehousingAndDistributionExpenses`	$953.86M	USD	2 Qtrs
Cost of sales, including warehousing and distribution expenses	`CostOfSalesIncludingWarehousingAndDistributionExpenses`	$469.30M	USD	1 Quarter
Cost of sales, including warehousing and distribution expenses	`CostOfSalesIncludingWarehousingAndDistributionExpenses`	$974.95M	USD	2 Qtrs
Gross profit on sales	`GrossProfit`	$364.07M	USD	2 Qtrs
Gross profit on sales	`GrossProfit`	$361.16M	USD	2 Qtrs
Gross profit on sales	`GrossProfit`	$182.66M	USD	1 Quarter
Gross profit on sales	`GrossProfit`	$184.37M	USD	1 Quarter
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$150.97M	USD	1 Quarter
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$304.89M	USD	2 Qtrs
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$151.87M	USD	1 Quarter
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$301.22M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$31.69M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$32.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$59.18M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$59.94M	USD	2 Qtrs
Investment income	`InvestmentIncomeNet`	$951.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$2.04M	USD	2 Qtrs
Investment income	`InvestmentIncomeNet`	$267.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$858.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$32.64M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$61.98M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$60.04M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$32.77M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.94M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.26M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.68M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.15M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$37.89M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$20.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$20.70M	USD	1 Quarter
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.90M	shares	1 Quarter
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.90M	shares	2 Qtrs
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.90M	shares	1 Quarter
Weighted-average shares outstanding, basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.90M	shares	2 Qtrs
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.90M	shares	2 Qtrs
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.90M	shares	1 Quarter
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.90M	shares	2 Qtrs
Weighted-average shares outstanding, diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.90M	shares	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.29	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.58	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.58	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.29	USD	1 Quarter
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.76	USD	1 Quarter
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$1.41	USD	2 Qtrs
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.77	USD	1 Quarter
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$1.46	USD	2 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$37.89M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$20.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.30M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$20.70M	USD	1 Quarter
Depreciation	`Depreciation`	$24.93M	USD	2 Qtrs
Depreciation	`Depreciation`	$23.69M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$3.28M	USD	2 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$3.15M	USD	2 Qtrs
Loss (gain) on disposition of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.28M	USD	2 Qtrs
Loss (gain) on disposition of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-10.00K	USD	2 Qtrs
Gain on sale of marketable securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$-223.00K	USD	2 Qtrs
Gain on sale of marketable securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$-1.02M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-3.19M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-5.78M	USD	2 Qtrs
Accounts receivable and prepaid expenses	`IncreaseDecreaseInAccountsReceivableAndPrepaidExpenses`	$6.86M	USD	2 Qtrs
Accounts receivable and prepaid expenses	`IncreaseDecreaseInAccountsReceivableAndPrepaidExpenses`	$-277.00K	USD	2 Qtrs
Income taxes recoverable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-2.71M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.52M	USD	2 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-16.52M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$465.00K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$22.89M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.26M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$7.00M	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.77M	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$34.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$62.75M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$76.55M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.68M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.35M	USD	2 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$578.00K	USD	2 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.92M	USD	2 Qtrs
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$50.05M	USD	2 Qtrs
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.75M	USD	2 Qtrs
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$4.88M	USD	2 Qtrs
Proceeds from the sale of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$341.00K	USD	2 Qtrs
Proceeds from the sale of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$6.56M	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$121.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.68M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-85.50M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$15.60M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$15.60M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.60M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.60M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$42.27M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-38.35M	USD	2 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$70.79M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$109.14M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$109.34M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$67.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$70.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$109.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$109.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$67.06M	USD	Point-in-time

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