10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0000850460-16-000043`
Period End Date	20160630
Filing Date	20160803
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	wire-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 56 Cash Flow Statement 49

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`	$81.14M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.60M	USD	Point-in-time
Accounts receivable, net of allowance of $2,065 and $2,065	`AccountsReceivableNetCurrent`	$178.76M	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
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`	$95.58M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.01M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$7.34M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.79M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.72M	shares	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
Treasury stock, shares (in shares)	`TreasuryStockShares`	6.03M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	6.03M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$370.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$361.28M	USD	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`	$30.20M	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`	$121.25M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$274.75M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$281.80M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.21M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.01M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$470.72M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$493.10M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$215.95M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$224.47M	USD	Point-in-time
Property, plant and equipment net	`PropertyPlantAndEquipmentNet`	$254.77M	USD	Point-in-time
Property, plant and equipment net	`PropertyPlantAndEquipmentNet`	$268.62M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.19M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.19M	USD	Point-in-time
Total assets	`Assets`	$628.12M	USD	Point-in-time
Total assets	`Assets`	$636.10M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$25.09M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$28.74M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$25.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$20.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$8.47M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$9.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$62.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.38M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$26.77M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$26.76M	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`	$53.73M	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`	$592.01M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$576.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$538.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$554.95M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$628.12M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$636.10M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$253.75M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$504.01M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$464.38M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$238.83M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$405.60M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$210.20M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$438.67M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$220.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$28.63M	USD	1 Quarter
Gross profit	`GrossProfit`	$32.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$58.77M	USD	2 Qtrs
Gross profit	`GrossProfit`	$65.34M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$16.73M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$31.89M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.03M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.86M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$33.45M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$11.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$24.74M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$17.05M	USD	1 Quarter
Net interest and other income	`NonoperatingIncomeExpense`	$24.00K	USD	2 Qtrs
Net interest and other income	`NonoperatingIncomeExpense`	$21.00K	USD	1 Quarter
Net interest and other income	`NonoperatingIncomeExpense`	$115.00K	USD	2 Qtrs
Net interest and other income	`NonoperatingIncomeExpense`	$16.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.56M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.93M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.06M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.76M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.09M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.32M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.42M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$16.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.14M	USD	2 Qtrs
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$1.07	USD	2 Qtrs
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.79	USD	2 Qtrs
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.69M	shares	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`	20.73M	shares	2 Qtrs
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.69M	shares	2 Qtrs
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.79	USD	2 Qtrs
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$1.06	USD	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`	20.81M	shares	2 Qtrs
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.76M	shares	2 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`	$0.04	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 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$16.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$11.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.14M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.85M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.93M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.47M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$605.00K	USD	2 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$32.00K	USD	2 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$24.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$850.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$516.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-26.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$22.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.60M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$331.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$14.31M	USD	2 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.58M	USD	2 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-15.00M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingCapitalNet`	$470.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingCapitalNet`	$136.00K	USD	2 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$4.37M	USD	2 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.70M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.79M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.10M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.49M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.50M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$4.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.50M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.49M	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$165.00K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$452.00K	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`	$32.00K	USD	2 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$24.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-353.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-631.00K	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`	$1.98M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$81.14M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$79.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$81.14M	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`	$79.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.60M	USD	Point-in-time

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