10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0000850460-15-000017`
Period End Date	20150630
Filing Date	20150731
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	wire-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 60 Cash Flow Statement 52

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.06M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.06M	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.78M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.66M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $2,065 and $2,065	`AccountsReceivableNetCurrent`	$200.31M	USD	Point-in-time
Accounts receivable, net of allowance of $2,065 and $2,065	`AccountsReceivableNetCurrent`	$206.91M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$92.56M	USD	Point-in-time
Inventories	`InventoryNet`	$78.25M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.95M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.31M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.68M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.66M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.93M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.93M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$3.00M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$345.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$341.47M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$48.32M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$48.30M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$58.17M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$48.24M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$97.06M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$96.41M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$228.37M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$241.72M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$8.68M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$8.93M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$430.01M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$454.21M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$210.84M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$203.50M	USD	Point-in-time
Property, plant and equipment net	`PropertyPlantAndEquipmentNet`	$243.38M	USD	Point-in-time
Property, plant and equipment net	`PropertyPlantAndEquipmentNet`	$226.51M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$930.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$275.00K	USD	Point-in-time
Total assets	`Assets`	$572.75M	USD	Point-in-time
Total assets	`Assets`	$585.12M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$24.91M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$31.15M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.78M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$28.19M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.73M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$2.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$50.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.34M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$19.22M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$20.23M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value: Authorized shares 2,000,000; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value: Authorized shares 2,000,000; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 40,000,000; Issued shares - 26,663,803 and 26,657,003	`CommonStockValue`	$267.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 40,000,000; Issued shares - 26,663,803 and 26,657,003	`CommonStockValue`	$267.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$50.60M	USD	Point-in-time
Treasury stock, at cost 5,934,651 and 5,934,651 shares	`TreasuryStockValue`	$88.13M	USD	Point-in-time
Treasury stock, at cost 5,934,651 and 5,934,651 shares	`TreasuryStockValue`	$88.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$551.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$530.46M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$515.31M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$493.19M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$572.75M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$585.12M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$253.75M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$584.29M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$307.09M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$504.01M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$220.84M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$518.60M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$273.58M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$438.67M	USD	2 Qtrs
Gross profit	`GrossProfit`	$32.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$33.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$65.69M	USD	2 Qtrs
Gross profit	`GrossProfit`	$65.34M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.69M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$31.89M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$18.23M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.86M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$33.45M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$17.05M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.28M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$32.00M	USD	2 Qtrs
Interest and other income	`NonoperatingIncomeExpense`	$239.00K	USD	2 Qtrs
Interest and other income	`NonoperatingIncomeExpense`	$165.00K	USD	2 Qtrs
Interest and other income	`NonoperatingIncomeExpense`	$78.00K	USD	1 Quarter
Interest and other income	`NonoperatingIncomeExpense`	$85.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$82.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$62.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$124.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$146.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.28M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.06M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.56M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$32.02M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.42M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.13M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.01M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$21.01M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.14M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.35M	USD	1 Quarter
Net income per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$1.07	USD	2 Qtrs
Net income per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Net income per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$1.01	USD	2 Qtrs
Net income per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.74M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.71M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.73M	shares	2 Qtrs
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.71M	shares	2 Qtrs
Net income per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter
Net income per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$1.06	USD	2 Qtrs
Net income per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$1.01	USD	2 Qtrs
Net income per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.84M	shares	2 Qtrs
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.84M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.84M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.81M	shares	2 Qtrs
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.04	USD	2 Qtrs
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.04	USD	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$21.01M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.14M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.81M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.85M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.24M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.47M	USD	2 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$106.00K	USD	2 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$24.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$234.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$516.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$87.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$22.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$22.88M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.60M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$9.40M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$14.31M	USD	2 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-15.00M	USD	2 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.87M	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$136.00K	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$584.00K	USD	2 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$383.00K	USD	2 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.70M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.79M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.25M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.50M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.18M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$75.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$32.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.13M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.50M	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$452.00K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$428.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$828.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$829.00K	USD	2 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$24.00K	USD	2 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$106.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-353.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-294.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.06M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.68M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.09M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.78M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.09M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.66M	USD	Point-in-time

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