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10-Q Filing

BRADY CORP CIK: 746598 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000746598-17-000153
Period End Date 20171031
Filing Date 20171116
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance brc-20171031.xml
Filing Contents
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $142.24M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $133.94M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $166.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $141.23M USD Point-in-time
Accounts receivablenet AccountsReceivableNetCurrent $149.64M USD Point-in-time
Accounts receivablenet AccountsReceivableNetCurrent $152.70M USD Point-in-time
Finished products InventoryFinishedGoodsNetOfReserves $69.46M USD Point-in-time
Finished products InventoryFinishedGoodsNetOfReserves $69.76M USD Point-in-time
Work-in-process InventoryWorkInProcessNetOfReserves $19.05M USD Point-in-time
Work-in-process InventoryWorkInProcessNetOfReserves $18.12M USD Point-in-time
Raw materials and supplies InventoryRawMaterialsAndSuppliesNetOfReserves $19.15M USD Point-in-time
Raw materials and supplies InventoryRawMaterialsAndSuppliesNetOfReserves $21.15M USD Point-in-time
Total inventories InventoryNet $109.66M USD Point-in-time
Total inventories InventoryNet $107.02M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $17.21M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $19.05M USD Point-in-time
Total current assets AssetsCurrent $407.81M USD Point-in-time
Total current assets AssetsCurrent $423.64M USD Point-in-time
Goodwill Goodwill $433.70M USD Point-in-time
Goodwill Goodwill $437.70M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $53.08M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $51.20M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $36.28M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $35.46M USD Point-in-time
Other OtherAssetsNoncurrent $17.07M USD Point-in-time
Other OtherAssetsNoncurrent $18.08M USD Point-in-time
Land Land $7.34M USD Point-in-time
Land Land $7.47M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $98.23M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $97.46M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $262.82M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $261.19M USD Point-in-time
Construction in progress ConstructionInProgressGross $4.12M USD Point-in-time
Construction in progress ConstructionInProgressGross $4.11M USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $371.00M USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $371.74M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $272.90M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $276.03M USD Point-in-time
Property, plant and equipmentnet PropertyPlantAndEquipmentNet $98.10M USD Point-in-time
Property, plant and equipmentnet PropertyPlantAndEquipmentNet $95.71M USD Point-in-time
Total Assets $1.05B USD Point-in-time
Total Assets $1.06B USD Point-in-time
Notes payable NotesPayableCurrent $749.00K USD Point-in-time
Notes payable NotesPayableCurrent $3.23M USD Point-in-time
Accounts payable AccountsPayableCurrent $64.90M USD Point-in-time
Accounts payable AccountsPayableCurrent $66.82M USD Point-in-time
Wages and amounts withheld from employees EmployeeRelatedLiabilitiesCurrent $64.86M USD Point-in-time
Wages and amounts withheld from employees EmployeeRelatedLiabilitiesCurrent $58.19M USD Point-in-time
Taxes, other than income taxes AccrualForTaxesOtherThanIncomeTaxesCurrent $7.97M USD Point-in-time
Taxes, other than income taxes AccrualForTaxesOtherThanIncomeTaxesCurrent $8.24M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $7.37M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $9.57M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $43.62M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $45.45M USD Point-in-time
Total current liabilities LiabilitiesCurrent $193.78M USD Point-in-time
Total current liabilities LiabilitiesCurrent $187.20M USD Point-in-time
Long-term obligations, less current maturities LongTermDebtNoncurrent $104.54M USD Point-in-time
Long-term obligations, less current maturities LongTermDebtNoncurrent $93.81M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $58.35M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $57.35M USD Point-in-time
Total liabilities Liabilities $344.94M USD Point-in-time
Total liabilities Liabilities $350.08M USD Point-in-time
Class A nonvoting common stockIssued 51,261,487 and 51,261,487 shares, respectively, and outstanding 48,020,711 and 47,814,818 shares, respectively ClassANonvotingCommonStockValueIssued $513.00K USD Point-in-time
Class A nonvoting common stockIssued 51,261,487 and 51,261,487 shares, respectively, and outstanding 48,020,711 and 47,814,818 shares, respectively ClassANonvotingCommonStockValueIssued $513.00K USD Point-in-time
Class B voting common stockIssued and outstanding, 3,538,628 shares ClassBVotingCommonStockValueIssued $35.00K USD Point-in-time
Class B voting common stockIssued and outstanding, 3,538,628 shares ClassBVotingCommonStockValueIssued $35.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $322.66M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $322.61M USD Point-in-time
Earnings retained in the business RetainedEarningsAccumulatedDeficit $507.14M USD Point-in-time
Earnings retained in the business RetainedEarningsAccumulatedDeficit $522.33M USD Point-in-time
Treasury stock3,240,776 and 3,446,669 shares, respectively, of Class A nonvoting common stock, at cost TreasuryStockValue $85.47M USD Point-in-time
Treasury stock3,240,776 and 3,446,669 shares, respectively, of Class A nonvoting common stock, at cost TreasuryStockValue $80.81M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-44.68M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-66.91M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-54.74M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-52.06M USD Point-in-time
Total stockholders investment StockholdersEquity $712.67M USD Point-in-time
Total stockholders investment StockholdersEquity $700.14M USD Point-in-time
Total LiabilitiesAndStockholdersEquity $1.05B USD Point-in-time
Total LiabilitiesAndStockholdersEquity $1.06B USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueGoodsNet $290.15M USD 1 Quarter
Net sales SalesRevenueGoodsNet $280.18M USD 1 Quarter
Cost of products sold CostOfGoodsSold $144.09M USD 1 Quarter
Cost of products sold CostOfGoodsSold $139.82M USD 1 Quarter
Gross margin GrossProfit $140.36M USD 1 Quarter
Gross margin GrossProfit $146.06M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $10.52M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $9.15M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $100.13M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $98.00M USD 1 Quarter
Total operating expenses OperatingExpenses $107.15M USD 1 Quarter
Total operating expenses OperatingExpenses $110.65M USD 1 Quarter
Operating income OperatingIncomeLoss $33.21M USD 1 Quarter
Operating income OperatingIncomeLoss $35.41M USD 1 Quarter
Investment and other income (expense) OtherNonoperatingIncomeExpense $216.00K USD 1 Quarter
Investment and other income (expense) OtherNonoperatingIncomeExpense $-489.00K USD 1 Quarter
Interest expense InterestExpense $1.73M USD 1 Quarter
Interest expense InterestExpense $863.00K USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $30.99M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $34.76M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $8.43M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $8.93M USD 1 Quarter
Net earnings NetIncomeLoss $25.84M USD 1 Quarter
Net earnings NetIncomeLoss $22.55M USD 1 Quarter
Weighted average common shares outstanding, basic (in thousands): WeightedAverageNumberOfSharesOutstandingBasic 50.63M shares 1 Quarter
Weighted average common shares outstanding, basic (in thousands): WeightedAverageNumberOfSharesOutstandingBasic 51.44M shares 1 Quarter
Weighted average common shares outstanding, diluted (in thousands): WeightedAverageNumberOfDilutedSharesOutstanding 51.45M shares 1 Quarter
Weighted average common shares outstanding, diluted (in thousands): WeightedAverageNumberOfDilutedSharesOutstanding 52.38M shares 1 Quarter
Cash Flow Statement 50 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $22.55M USD 1 Quarter
Net earnings ProfitLoss $25.84M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $6.56M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $7.23M USD 1 Quarter
Non-cash portion of stock-based compensation expense ShareBasedCompensation $3.15M USD 1 Quarter
Non-cash portion of stock-based compensation expense ShareBasedCompensation $3.74M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-1.17M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $2.03M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $680.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $4.81M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.57M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-1.20M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.17M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.00M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndOtherLiabilities $7.80M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndOtherLiabilities $2.55M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-2.87M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $2.33M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $33.99M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $34.72M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.80M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.96M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-974.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-1.51M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.83M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.45M USD 1 Quarter
Payment of dividends PaymentsOfDividends $10.37M USD 1 Quarter
Payment of dividends PaymentsOfDividends $10.64M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromIssuanceOfCommonStock $8.81M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromIssuanceOfCommonStock $3.25M USD 1 Quarter
Proceeds from borrowing on credit facilities ProceedsFromRepaymentsOfDebt $10.90M USD 1 Quarter
Proceeds from borrowing on credit facilities ProceedsFromRepaymentsOfDebt $27.57M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $27.14M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $22.89M USD 1 Quarter
Income tax on equity-based compensation, and other ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-1.23M USD 1 Quarter
Income tax on equity-based compensation, and other ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-2.28M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-21.66M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-2.36M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-4.11M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-1.94M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $25.07M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $8.29M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $142.24M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $133.94M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $166.30M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $141.23M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $142.24M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $133.94M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $166.30M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $141.23M USD Point-in-time
Comprehensive Income 23 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $25.84M USD 1 Quarter
Net earnings NetIncomeLoss $22.55M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-5.38M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-14.25M USD 1 Quarter
Reclassification adjustment for gains included in net earnings OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax - USD 1 Quarter
Net investment hedge and long-term intercompany loan translation adjustments AmountOfIneffectivenessOnNetInvestmentHedges $-1.17M USD 1 Quarter
Net investment hedge and long-term intercompany loan translation adjustments AmountOfIneffectivenessOnNetInvestmentHedges $3.18M USD 1 Quarter
Net (loss) gain recognized in other comprehensive loss OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-234.00K USD 1 Quarter
Net (loss) gain recognized in other comprehensive loss OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $298.00K USD 1 Quarter
Reclassification adjustment for losses included in net earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $-24.00K USD 1 Quarter
Reclassification adjustment for losses included in net earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $-405.00K USD 1 Quarter
Total cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-210.00K USD 1 Quarter
Total cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $703.00K USD 1 Quarter
Pension and other post-retirement benefits actuarial gain amortization OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $136.00K USD 1 Quarter
Pension and other post-retirement benefits actuarial gain amortization OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $130.00K USD 1 Quarter
Other comprehensive income (loss), before tax OtherComprehensiveIncomeLossBeforeTax $-6.89M USD 1 Quarter
Other comprehensive income (loss), before tax OtherComprehensiveIncomeLossBeforeTax $-10.50M USD 1 Quarter
Income tax benefit (expense) related to items of other comprehensive loss OtherComprehensiveIncomeLossTax $1.67M USD 1 Quarter
Income tax benefit (expense) related to items of other comprehensive loss OtherComprehensiveIncomeLossTax $485.00K USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-12.17M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-7.38M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $18.46M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $10.38M USD 1 Quarter

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

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