10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000850460-16-000036`
Period End Date	20160331
Filing Date	20160504
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	wire-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 28 Cash Flow Statement 47

Balance Sheet 76 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`	$79.15M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$78.56M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.66M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $2,065 and $2,065	`AccountsReceivableNetCurrent`	$175.22M	USD	Point-in-time
Accounts receivable, net of allowance of $2,065 and $2,065	`AccountsReceivableNetCurrent`	$186.06M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	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`	$95.25M	USD	Point-in-time
Inventories	`InventoryNet`	$98.47M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.36M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$7.34M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.79M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.72M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.34M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.72M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	6.03M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$356.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$370.15M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	6.03M	shares	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$50.58M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$50.63M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$23.33M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$33.94M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$102.43M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$121.08M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$274.75M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$276.78M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.01M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.11M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$470.72M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$480.94M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$215.95M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$220.69M	USD	Point-in-time
Property, plant and equipment net	`PropertyPlantAndEquipmentNet`	$254.77M	USD	Point-in-time
Property, plant and equipment net	`PropertyPlantAndEquipmentNet`	$260.25M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.19M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.19M	USD	Point-in-time
Total assets	`Assets`	$628.12M	USD	Point-in-time
Total assets	`Assets`	$619.84M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$28.74M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$21.58M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$25.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$8.47M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$7.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$62.72M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$26.76M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$26.35M	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 - 26,721,216 and 26,715,216	`CommonStockValue`	$267.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 40,000,000; Issued shares - 26,721,216 and 26,715,216	`CommonStockValue`	$267.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$53.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$53.49M	USD	Point-in-time
Treasury stock, at cost 6,027,455 and 6,027,455 shares	`TreasuryStockValue`	$91.06M	USD	Point-in-time
Treasury stock, at cost 6,027,455 and 6,027,455 shares	`TreasuryStockValue`	$91.06M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$576.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$584.59M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$538.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$547.29M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$628.12M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$619.84M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$225.54M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$250.26M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$195.40M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$217.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$32.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$30.14M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.31M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$16.03M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$12.83M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.40M	USD	1 Quarter
Net interest and other expenses	`NonoperatingIncomeExpense`	$3.00K	USD	1 Quarter
Net interest and other expenses	`NonoperatingIncomeExpense`	$100.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.84M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.79M	USD	1 Quarter
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.73M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.69M	shares	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.78M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.75M	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 Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.90M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-352.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-968.00K	USD	1 Quarter
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$24.00K	USD	1 Quarter
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$639.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$220.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$43.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$16.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.85M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.34M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.10M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.22M	USD	1 Quarter
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.91M	USD	1 Quarter
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.94M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.13M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-537.00K	USD	1 Quarter
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$5.01M	USD	1 Quarter
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.41M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.34M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.35M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.66M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.49M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$4.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.49M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.65M	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$114.00K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$161.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$415.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$414.00K	USD	1 Quarter
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$24.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-276.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-254.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-591.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.40M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$79.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$78.56M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.27M	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`	$79.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$78.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.27M	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.