10-Q Filing

WEIS MARKETS INC CIK: 105418 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000105418-12-000016`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	wmk-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 24 Cash Flow Statement 54 Comprehensive Income 14

Balance Sheet 72 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
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.80M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.39M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.80M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.39M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$91.37M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	33.05M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$89.35M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	33.05M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$52.41M	USD	Point-in-time
Deferred Tax, Other Comprehensive Income	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$3.71M	USD	1 Quarter
Accounts receivable, net	`AccountsReceivableNetCurrent`	$52.34M	USD	Point-in-time
Deferred Tax, Other Comprehensive Income	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$3.80M	USD	Annual
Treasury Stock, Shares	`TreasuryStockShares`	6.15M	shares	Point-in-time
Inventories	`Inventories`	$226.19M	USD	Point-in-time
Inventories	`Inventories`	$240.19M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	6.15M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.97M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.99M	USD	Point-in-time
Income taxes recoverable	`IncomeTaxReceivable`	$39.00K	USD	Point-in-time
Income taxes recoverable	`IncomeTaxReceivable`	$1.23M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$885.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$430.02M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$415.56M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$575.00M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$575.70M	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`	$3.28M	USD	Point-in-time
Intangible and other assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.28M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$308.00K	USD	Point-in-time
Total assets	`Assets`	$1.04B	USD	Point-in-time
Total assets	`Assets`	$1.03B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$132.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$127.11M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$35.08M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$33.16M	USD	Point-in-time
Accrued self-insurance	`AccruedSelfInsurance`	$18.10M	USD	Point-in-time
Accrued self-insurance	`AccruedSelfInsurance`	$18.46M	USD	Point-in-time
Deferred revenue, net	`DeferredRevenueCurrent`	$6.20M	USD	Point-in-time
Deferred revenue, net	`DeferredRevenueCurrent`	$4.51M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$12.20M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesGrossCurrent`	$4.03M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesGrossCurrent`	$4.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$199.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$195.60M	USD	Point-in-time
Postretirement benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$14.43M	USD	Point-in-time
Postretirement benefit obligations	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$15.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesGrossNoncurrent`	$72.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesGrossNoncurrent`	$73.08M	USD	Point-in-time
Total liabilities	`Liabilities`	$286.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$283.12M	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`	$881.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$893.30M	USD	Point-in-time
Accumulated other comprehensive income (Net of deferred taxes of $3,712 in 2012 and $3,800 in 2011)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$5.45M	USD	Point-in-time
Accumulated other comprehensive income (Net of deferred taxes of $3,712 in 2012 and $3,800 in 2011)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$5.32M	USD	Point-in-time
Shareholders' equity before treasury stock	`Shareholdersequitybeforetreasurystock`	$908.57M	USD	Point-in-time
Shareholders' equity before treasury stock	`Shareholdersequitybeforetreasurystock`	$896.74M	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`	$757.72M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$745.89M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.04B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.03B	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$661.61M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$659.46M	USD	1 Quarter
Cost of sales, including warehousing and distribution expenses	`CostOfSalesIncludingWarehousingAndDistributionExpenses`	$478.49M	USD	1 Quarter
Cost of sales, including warehousing and distribution expenses	`CostOfSalesIncludingWarehousingAndDistributionExpenses`	$480.95M	USD	1 Quarter
Gross profit on sales	`GrossProfit`	$178.50M	USD	1 Quarter
Gross profit on sales	`GrossProfit`	$183.12M	USD	1 Quarter
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$150.25M	USD	1 Quarter
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$152.69M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$28.25M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$30.43M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$1.09M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$1.06M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$29.34M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$31.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.46M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.74M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.03M	USD	1 Quarter
Weighted-average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.90M	shares	1 Quarter
Weighted-average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.90M	shares	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareDeclared`	$0.29	USD	1 Quarter
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.74	USD	1 Quarter
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.69	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.03M	USD	1 Quarter
Depreciation	`Depreciation`	$10.82M	USD	1 Quarter
Depreciation	`Depreciation`	$12.12M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$1.50M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$1.61M	USD	1 Quarter
Loss (gain) on disposition of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-70.00K	USD	1 Quarter
Loss (gain) on disposition of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$2.00K	USD	1 Quarter
Gain on sale of marketable securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$-3.00K	USD	1 Quarter
Gain on sale of marketable securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$-622.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-7.62M	USD	1 Quarter
Accounts receivable and prepaid expenses	`IncreaseDecreaseInAccountsReceivableAndPrepaidExpenses`	$3.15M	USD	1 Quarter
Accounts receivable and prepaid expenses	`IncreaseDecreaseInAccountsReceivableAndPrepaidExpenses`	$1.10M	USD	1 Quarter
Income taxes recoverable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-2.71M	USD	1 Quarter
Income taxes recoverable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.19M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.48M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-18.71M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.93M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$12.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.56M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.18M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.72M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$250.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.26M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.98M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.73M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.02M	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$19.00K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$374.00K	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$4.18M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$27.73M	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	1 Quarter
Proceeds from maturities of marketable securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$1.23M	USD	1 Quarter
Proceeds from the sale of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$2.20M	USD	1 Quarter
Proceeds from the sale of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$3.64M	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$90.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.07M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.21M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$7.80M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$8.07M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.80M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.07M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-163.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.75M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$109.14M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$37.39M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$37.23M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$88.39M	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`	$37.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$88.39M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.60M	USD	1 Quarter
Unrealized holding gains arising during period, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$87.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.03M	USD	1 Quarter
Unrealized holding gains arising during period, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$127.00K	USD	1 Quarter
Reclassification adjustment for gains included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax`	$1.00K	USD	1 Quarter
Reclassification adjustment for gains included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax`	$258.00K	USD	1 Quarter
Unrealized holding (losses) gains arising during period (Net of deferred taxes of $87 and $127, respectively)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$179.00K	USD	1 Quarter
Unrealized holding (losses) gains arising during period (Net of deferred taxes of $87 and $127, respectively)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$-124.00K	USD	1 Quarter
Reclassification adjustment for gains included in net income (Net of deferred taxes of $1 and $258, respectively)	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$-2.00K	USD	1 Quarter
Reclassification adjustment for gains included in net income (Net of deferred taxes of $1 and $258, respectively)	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$-364.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-126.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-185.00K	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$18.42M	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$19.90M	USD	1 Quarter

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