10-Q Filing

WEIS MARKETS INC CIK: 105418 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000105418-11-000023`
Period End Date	20110930
Filing Date	20111103
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	wmk-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 48 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`	$67.06M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.80M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.78M	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`	$78.28M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$71.02M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	33.05M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$25.76M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	33.05M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$47.12M	USD	Point-in-time
Deferred income taxes on available for sale securities unrealized gains (losses)	`OtherComprehensiveIncomeAvailableForSaleSecuritiesTax`	$3.48M	USD	Annual
Accounts receivable, net	`AccountsReceivableNetCurrent`	$53.30M	USD	Point-in-time
Deferred income taxes on available for sale securities unrealized gains (losses)	`OtherComprehensiveIncomeAvailableForSaleSecuritiesTax`	$3.50M	USD	3 Qtrs
Inventories	`Inventories`	$231.02M	USD	Point-in-time
Inventories	`Inventories`	$222.59M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	6.15M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	6.15M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.44M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.75M	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`	$426.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$552.72M	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`	$3.36M	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`	$1.02B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$134.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$118.11M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$31.11M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$28.80M	USD	Point-in-time
Accrued self-insurance	`AccruedSelfInsurance`	$19.16M	USD	Point-in-time
Accrued self-insurance	`AccruedSelfInsurance`	$17.06M	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`	$135.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$4.69M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$5.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$175.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$194.98M	USD	Point-in-time
Postretirement benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$13.93M	USD	Point-in-time
Postretirement benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$14.62M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$54.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$67.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$263.95M	USD	Point-in-time
Total liabilities	`Liabilities`	$256.89M	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`	$864.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$897.01M	USD	Point-in-time
Accumulated other comprehensive income (Net of deferred taxes of $3,503 in 2011 and $3,477 in 2010)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$4.90M	USD	Point-in-time
Accumulated other comprehensive income (Net of deferred taxes of $3,503 in 2011 and $3,477 in 2010)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$5.00M	USD	Point-in-time
Shareholders' equity before treasury stock	`Shareholdersequitybeforetreasurystock`	$911.96M	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`	$761.10M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$728.13M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$992.08M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.02B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$639.97M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$678.61M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.96B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$2.01B	USD	3 Qtrs
Cost of sales, including warehousing and distribution expenses	`CostOfSalesIncludingWarehousingAndDistributionExpenses`	$495.47M	USD	1 Quarter
Cost of sales, including warehousing and distribution expenses	`CostOfSalesIncludingWarehousingAndDistributionExpenses`	$1.47B	USD	3 Qtrs
Cost of sales, including warehousing and distribution expenses	`CostOfSalesIncludingWarehousingAndDistributionExpenses`	$462.25M	USD	1 Quarter
Cost of sales, including warehousing and distribution expenses	`CostOfSalesIncludingWarehousingAndDistributionExpenses`	$1.42B	USD	3 Qtrs
Gross profit on sales	`GrossProfit`	$177.72M	USD	1 Quarter
Gross profit on sales	`GrossProfit`	$541.79M	USD	3 Qtrs
Gross profit on sales	`GrossProfit`	$544.31M	USD	3 Qtrs
Gross profit on sales	`GrossProfit`	$183.15M	USD	1 Quarter
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$457.60M	USD	3 Qtrs
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$458.23M	USD	3 Qtrs
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$157.01M	USD	1 Quarter
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$152.71M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$86.08M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$84.19M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$26.13M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$25.01M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$227.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$2.27M	USD	3 Qtrs
Investment income	`InvestmentIncomeNet`	$1.49M	USD	3 Qtrs
Investment income	`InvestmentIncomeNet`	$634.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.65M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$85.69M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$88.34M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.36M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.48M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.33M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$32.06M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$56.28M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$54.21M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$16.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.32M	USD	1 Quarter
Weighted-average shares outstanding, basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	26.90M	shares	3 Qtrs
Weighted-average shares outstanding, basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	26.90M	shares	1 Quarter
Weighted-average shares outstanding, basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	26.90M	shares	1 Quarter
Weighted-average shares outstanding, basic and diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	26.90M	shares	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.87	USD	3 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.29	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.29	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.87	USD	3 Qtrs
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$2.02	USD	3 Qtrs
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.61	USD	1 Quarter
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$2.09	USD	3 Qtrs
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.63	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$56.28M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$54.21M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$16.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.32M	USD	1 Quarter
Depreciation	`Depreciation`	$38.73M	USD	3 Qtrs
Depreciation	`Depreciation`	$35.87M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$4.84M	USD	3 Qtrs
Amortization	`AmortizationOfIntangibleAssets`	$4.70M	USD	3 Qtrs
Gain on disposition of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$576.00K	USD	3 Qtrs
Gain on disposition of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.23M	USD	3 Qtrs
Gain on sale of marketable securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$-1.27M	USD	3 Qtrs
Gain on sale of marketable securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$-223.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-8.43M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$7.04M	USD	3 Qtrs
Accounts receivable and prepaid expenses	`IncreaseDecreaseInAccountsReceivableAndPrepaidExpenses`	$9.91M	USD	3 Qtrs
Accounts receivable and prepaid expenses	`IncreaseDecreaseInAccountsReceivableAndPrepaidExpenses`	$4.87M	USD	3 Qtrs
Income taxes recoverable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-2.71M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.96M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-19.65M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$32.37M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$135.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.60M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$12.43M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.89M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-101.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$112.04M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$103.90M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$72.17M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.60M	USD	3 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.91M	USD	3 Qtrs
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.96M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$56.16M	USD	3 Qtrs
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$5.38M	USD	3 Qtrs
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$8.37M	USD	3 Qtrs
Proceeds from the sale of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$341.00K	USD	3 Qtrs
Proceeds from the sale of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$6.81M	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$121.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-111.37M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.93M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$23.40M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$23.40M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.40M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.40M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-30.86M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$62.71M	USD	3 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$67.06M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$129.78M	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`	$78.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$67.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$129.78M	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`	$78.28M	USD	Point-in-time

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