10-Q Filing

WEIS MARKETS INC CIK: 105418 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000105418-14-000028`
Period End Date	20140331
Filing Date	20140508
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	wmk-20140329.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 24 Cash Flow Statement 54 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.96M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.80M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	100.80M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.23M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	33.05M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesAndSerpInvestment`	$71.84M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesAndSerpInvestment`	$74.57M	USD	Point-in-time
Common Stock, Shares Issued	`CommonStockSharesIssued`	33.05M	shares	Point-in-time
Deferred Tax, Other Comprehensive Income	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$2.75M	USD	Annual
Deferred Tax, Other Comprehensive Income	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$3.39M	USD	1 Quarter
Accounts receivable, net	`AccountsReceivableNetCurrent`	$62.31M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$57.19M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	6.15M	shares	Point-in-time
Inventories	`Inventories`	$240.45M	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	6.15M	shares	Point-in-time
Inventories	`Inventories`	$230.68M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$17.29M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$18.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$404.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$412.82M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$704.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$706.60M	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`	$3.35M	USD	Point-in-time
Intangible and other assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.31M	USD	Point-in-time
Total assets	`Assets`	$1.15B	USD	Point-in-time
Total assets	`Assets`	$1.16B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$131.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$133.57M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$30.62M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$27.42M	USD	Point-in-time
Accrued self-insurance	`AccruedSelfInsurance`	$21.18M	USD	Point-in-time
Accrued self-insurance	`AccruedSelfInsurance`	$19.33M	USD	Point-in-time
Deferred revenue, net	`DeferredRevenueCurrent`	$4.24M	USD	Point-in-time
Deferred revenue, net	`DeferredRevenueCurrent`	$7.06M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.64M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.63M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$4.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$5.77M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$199.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$193.22M	USD	Point-in-time
Postretirement benefit obligations	`PostretirementBenefitObligations`	$17.80M	USD	Point-in-time
Postretirement benefit obligations	`PostretirementBenefitObligations`	$17.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$97.93M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$95.71M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$5.93M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$3.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$314.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$316.24M	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`	$977.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$971.02M	USD	Point-in-time
Accumulated other comprehensive income (Net of deferred taxes of $3,393 in 2014 and $2,753 in 2013)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$4.85M	USD	Point-in-time
Accumulated other comprehensive income (Net of deferred taxes of $3,393 in 2014 and $2,753 in 2013)	`AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$3.94M	USD	Point-in-time
Shareholders' equity before treasury stock	`Shareholdersequitybeforetreasurystock`	$984.91M	USD	Point-in-time
Shareholders' equity before treasury stock	`Shareholdersequitybeforetreasurystock`	$992.52M	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`	$834.05M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$841.66M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.16B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.15B	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$682.71M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$687.13M	USD	1 Quarter
Cost of sales, including warehousing and distribution expenses	`CostOfSalesIncludingWarehousingAndDistributionExpenses`	$500.36M	USD	1 Quarter
Cost of sales, including warehousing and distribution expenses	`CostOfSalesIncludingWarehousingAndDistributionExpenses`	$491.58M	USD	1 Quarter
Gross profit on sales	`GrossProfit`	$186.77M	USD	1 Quarter
Gross profit on sales	`GrossProfit`	$191.13M	USD	1 Quarter
Operating, general, and administrative expenses	`GeneralAndAdministrativeExpense`	$164.47M	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`	$22.30M	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$977.00K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$753.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.06M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$31.89M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.77M	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`	$0.75	USD	1 Quarter
Basic and diluted earnings per share	`EarningsPerShareBasicAndDiluted`	$0.55	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$20.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.77M	USD	1 Quarter
Depreciation	`Depreciation`	$12.06M	USD	1 Quarter
Depreciation	`Depreciation`	$14.17M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$1.92M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$1.71M	USD	1 Quarter
(Gain) loss on disposition/impairment of fixed assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-40.00K	USD	1 Quarter
(Gain) loss on disposition/impairment of fixed assets	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$1.81M	USD	1 Quarter
Gain on sale of marketable securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$41.00K	USD	1 Quarter
Gain on sale of marketable securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$47.00K	USD	1 Quarter
Gain on sale of intangible assets	`GainLossOnDispositionOfIntangibleAssets`	$250.00K	USD	1 Quarter
Gain on sale of intangible assets	`GainLossOnDispositionOfIntangibleAssets`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.31M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.68M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.68M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-9.78M	USD	1 Quarter
Accounts receivable and prepaid expenses	`IncreaseDecreaseInAccountsReceivableAndPrepaidExpenses`	$6.17M	USD	1 Quarter
Accounts receivable and prepaid expenses	`IncreaseDecreaseInAccountsReceivableAndPrepaidExpenses`	$16.49M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.40M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.30M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.00M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.01M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-239.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-168.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$34.19M	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`	$17.88M	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`	$2.04M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$2.00M	USD	1 Quarter
Purchase of marketable securities	`PaymentsToAcquireAvailableForSaleSecurities`	$603.00K	USD	1 Quarter
Proceeds from the sale of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$6.62M	USD	1 Quarter
Proceeds from the sale of marketable securities	`ProceedsFromSaleOfAvailableForSaleSecurities`	$106.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$10.00K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$30.00K	USD	1 Quarter
Change in SERP investment	`PaymentsForSerpInvestments`	$807.00K	USD	1 Quarter
Change in SERP investment	`PaymentsForSerpInvestments`	$1.13M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.24M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.17M	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 in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.95M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.85M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$26.91M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$14.38M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$17.96M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$16.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.91M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.96M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.23M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Unrealized holding gains arising during period, deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$427.00K	USD	1 Quarter
Unrealized holding gains arising during period, deferred taxes	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$658.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.77M	USD	1 Quarter
Reclassification adjustment for gains included in net income, deferred taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$21.00K	USD	1 Quarter
Reclassification adjustment for gains included in net income, deferred taxes	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax`	$18.00K	USD	1 Quarter
Unrealized holding gains arising during period (Net of deferred taxes of $658 and $427, respectively)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$933.00K	USD	1 Quarter
Unrealized holding gains arising during period (Net of deferred taxes of $658 and $427, respectively)	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax`	$607.00K	USD	1 Quarter
Reclassification adjustment for gains included in net income (Net of deferred taxes of $18 and $21, respectively)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$26.00K	USD	1 Quarter
Reclassification adjustment for gains included in net income (Net of deferred taxes of $18 and $21, respectively)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$23.00K	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$581.00K	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$910.00K	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$15.68M	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.