10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0000850460-15-000022`
Period End Date	20150930
Filing Date	20151030
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	wire-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 60 Cash Flow Statement 54

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`	$54.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.82M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.84M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	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`	$206.91M	USD	Point-in-time
Accounts receivable, net of allowance of $2,065 and $2,065	`AccountsReceivableNetCurrent`	$192.00M	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`	$78.25M	USD	Point-in-time
Inventories	`InventoryNet`	$97.83M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.95M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	-	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
Treasury stock, shares	`TreasuryStockShares`	6.03M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.73M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.93M	shares	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`	$351.39M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$48.30M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$50.33M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$43.44M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$48.24M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$101.05M	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`	$260.95M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$8.96M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$8.68M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$430.01M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$464.74M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$203.50M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$213.26M	USD	Point-in-time
Property, plant and equipment net	`PropertyPlantAndEquipmentNet`	$251.47M	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`	$454.00K	USD	Point-in-time
Total assets	`Assets`	$603.32M	USD	Point-in-time
Total assets	`Assets`	$572.75M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$26.05M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$31.15M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$22.92M	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`	$1.12M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$6.62M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$56.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.34M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$20.23M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$19.85M	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 - 26,682,603 and 26,657,003	`CommonStockValue`	$267.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 40,000,000; Issued shares - 26,682,603 and 26,657,003	`CommonStockValue`	$267.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$50.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$51.67M	USD	Point-in-time
Treasury stock, at cost 6,027,455 and 5,934,651 shares	`TreasuryStockValue`	$91.06M	USD	Point-in-time
Treasury stock, at cost 6,027,455 and 5,934,651 shares	`TreasuryStockValue`	$88.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$565.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$530.46M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$526.75M	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`	$603.32M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$262.76M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$766.77M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$881.64M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$297.35M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$663.10M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$263.28M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$781.88M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$224.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$103.67M	USD	3 Qtrs
Gross profit	`GrossProfit`	$99.76M	USD	3 Qtrs
Gross profit	`GrossProfit`	$34.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$38.34M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.44M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.13M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$16.06M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$47.95M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$48.63M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$55.72M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$22.27M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.63M	USD	1 Quarter
Interest and other income	`NonoperatingIncomeExpense`	$320.00K	USD	3 Qtrs
Interest and other income	`NonoperatingIncomeExpense`	$255.00K	USD	3 Qtrs
Interest and other income	`NonoperatingIncomeExpense`	$90.00K	USD	1 Quarter
Interest and other income	`NonoperatingIncomeExpense`	$81.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$187.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$63.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$223.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$77.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$48.66M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.29M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.64M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$55.85M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.59M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.58M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.78M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.20M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$36.65M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$14.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.07M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.06M	USD	1 Quarter
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$1.77	USD	3 Qtrs
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$1.55	USD	3 Qtrs
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.73M	shares	3 Qtrs
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.72M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.72M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.71M	shares	3 Qtrs
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$1.54	USD	3 Qtrs
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$1.76	USD	3 Qtrs
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.80M	shares	3 Qtrs
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.82M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.83M	shares	3 Qtrs
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.77M	shares	1 Quarter
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`	$0.02	USD	1 Quarter
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	3 Qtrs
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	3 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$36.65M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$14.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.07M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.63M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.97M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.94M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$7.55M	USD	3 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$114.00K	USD	3 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$24.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$515.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$500.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$77.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$146.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.44M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.90M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$9.69M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$19.58M	USD	3 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.28M	USD	3 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.60M	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$697.00K	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$56.00K	USD	3 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.10M	USD	3 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.56M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$42.58M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.29M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.62M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.90M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$75.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$52.00K	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$32.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.58M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.84M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$2.92M	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$555.00K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$483.00K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$1.24M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$1.24M	USD	3 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$114.00K	USD	3 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$24.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-646.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.59M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.07M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.15M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.66M	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`	$58.82M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.66M	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`	$58.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.84M	USD	Point-in-time

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