10-Q Filing

WEIS MARKETS INC CIK: 105418 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000105418-13-000015`
Period End Date	20130331
Filing Date	20130509
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	wmk-20130330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 24 Cash Flow Statement 52 Comprehensive Income 14

Balance Sheet 68 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`	$37.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.23M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.80M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.43M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	33.05M	shares	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$78.68M	USD	Point-in-time
Marketable securities	`AvailableForSaleSecuritiesCurrent`	$82.50M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	33.05M	shares	Point-in-time
Deferred Tax, Other Comprehensive Income	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$3.91M	USD	1 Quarter
Accounts receivable, net	`AccountsReceivableNetCurrent`	$65.53M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$53.84M	USD	Point-in-time
Deferred Tax, Other Comprehensive Income	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$3.51M	USD	Annual
Treasury Stock, Shares	`TreasuryStockShares`	6.15M	shares	Point-in-time
Inventories	`Inventories`	$245.24M	USD	Point-in-time
Inventories	`Inventories`	$241.56M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	6.15M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$14.94M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$425.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$413.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$654.87M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$638.63M	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`	$3.41M	USD	Point-in-time
Intangible and other assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.49M	USD	Point-in-time
Total assets	`Assets`	$1.09B	USD	Point-in-time
Total assets	`Assets`	$1.12B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$129.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$126.26M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$27.19M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$32.50M	USD	Point-in-time
Accrued self-insurance	`AccruedSelfInsurance`	$18.54M	USD	Point-in-time
Accrued self-insurance	`AccruedSelfInsurance`	$19.15M	USD	Point-in-time
Deferred revenue, net	`DeferredRevenueCurrent`	$4.70M	USD	Point-in-time
Deferred revenue, net	`DeferredRevenueCurrent`	$6.63M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.36M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$6.36M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$3.42M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$5.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$197.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$183.41M	USD	Point-in-time
Postretirement benefit obligations	`PostretirementBenefitObligations`	$15.21M	USD	Point-in-time
Postretirement benefit obligations	`PostretirementBenefitObligations`	$15.99M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$89.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$90.67M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$5.68M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$7.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$294.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$310.24M	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`	$943.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$931.58M	USD	Point-in-time
Accumulated other comprehensive income (Net of deferred taxes of $3,912 in 2013 and $3,506 in 2012)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$5.02M	USD	Point-in-time
Accumulated other comprehensive income (Net of deferred taxes of $3,912 in 2013 and $3,506 in 2012)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$5.60M	USD	Point-in-time
Shareholders' equity before treasury stock	`Shareholdersequitybeforetreasurystock`	$959.19M	USD	Point-in-time
Shareholders' equity before treasury stock	`Shareholdersequitybeforetreasurystock`	$946.55M	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`	$795.69M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$808.33M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.12B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.09B	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`	$682.71M	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`	$491.58M	USD	1 Quarter
Gross profit on sales	`GrossProfit`	$191.13M	USD	1 Quarter
Gross profit on sales	`GrossProfit`	$183.12M	USD	1 Quarter
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$152.69M	USD	1 Quarter
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$160.21M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$30.92M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$30.43M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$977.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$1.06M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$31.89M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$31.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.76M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.13M	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`	$0.30	USD	1 Quarter
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.74	USD	1 Quarter
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.75	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$20.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.03M	USD	1 Quarter
Depreciation	`Depreciation`	$12.06M	USD	1 Quarter
Depreciation	`Depreciation`	$10.82M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$1.71M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$1.50M	USD	1 Quarter
Loss on disposition of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-40.00K	USD	1 Quarter
Loss on disposition of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-70.00K	USD	1 Quarter
Gain on sale of marketable securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$-47.00K	USD	1 Quarter
Gain on sale of marketable securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$-3.00K	USD	1 Quarter
Gain on sale of intangible assets	`GainLossOnDispositionOfIntangibleAssets`	$250.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.68M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.00M	USD	1 Quarter
Accounts receivable and prepaid expenses	`IncreaseDecreaseInAccountsReceivableAndPrepaidExpenses`	$1.10M	USD	1 Quarter
Accounts receivable and prepaid expenses	`IncreaseDecreaseInAccountsReceivableAndPrepaidExpenses`	$-16.49M	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`	$6.40M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$12.20M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.18M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.68M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$250.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-239.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.98M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$36.16M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.02M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.02M	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$308.00K	USD	1 Quarter
Proceeds from the sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$19.00K	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$2.00M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$4.18M	USD	1 Quarter
Proceeds from the sale of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$6.62M	USD	1 Quarter
Proceeds from the sale of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$2.20M	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$90.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$10.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.10M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.07M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$8.07M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$8.07M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.07M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.07M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-163.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.99M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$37.39M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$21.44M	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`	$24.43M	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`	$21.44M	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`	$24.43M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$20.13M	USD	1 Quarter
Unrealized holding gains (losses) arising during period, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$427.00K	USD	1 Quarter
Unrealized holding gains (losses) arising during period, tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$87.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.03M	USD	1 Quarter
Reclassification adjustment for gains included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax`	$21.00K	USD	1 Quarter
Reclassification adjustment for gains included in net income, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeTax`	$1.00K	USD	1 Quarter
Unrealized holding gains (losses) arising during period (Net of deferred taxes of $427 and $87, respectively)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$-124.00K	USD	1 Quarter
Unrealized holding gains (losses) arising during period (Net of deferred taxes of $427 and $87, respectively)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$607.00K	USD	1 Quarter
Reclassification adjustment for gains included in net income (Net of deferred taxes of $21 and $1, respectively)	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$-26.00K	USD	1 Quarter
Reclassification adjustment for gains included in net income (Net of deferred taxes of $21 and $1, respectively)	`OtherComprehensiveIncomeLossReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax`	$-2.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$581.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-126.00K	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$19.90M	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$20.71M	USD	1 Quarter

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