10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0000850460-17-000024`
Period End Date	20170630
Filing Date	20170802
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	wire-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 56 Cash Flow Statement 52

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.03M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.04M	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.86M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$81.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.75M	USD	Point-in-time
Accounts receivable, net of allowance of $2,027 and $2,036	`AccountsReceivableNetCurrent`	$184.88M	USD	Point-in-time
Accounts receivable, net of allowance of $2,027 and $2,036	`AccountsReceivableNetCurrent`	$220.55M	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`	$95.46M	USD	Point-in-time
Inventories	`InventoryNet`	$93.27M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	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`	$4.12M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$3.17M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.78M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.76M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$376.38M	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`	$409.16M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$50.55M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$50.93M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$36.75M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$35.83M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$121.43M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$122.38M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$289.49M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$298.95M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.20M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.35M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$506.89M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$517.97M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$232.03M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$225.50M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$285.94M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$281.39M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$193.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$193.00K	USD	Point-in-time
Total assets	`Assets`	$657.96M	USD	Point-in-time
Total assets	`Assets`	$695.30M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$18.58M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$37.59M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$27.99M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$24.98M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.32M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$50.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$62.57M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$34.79M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$33.97M	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 - 26,723,616 and 26,715,216	`CommonStockValue`	$268.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 40,000,000; Issued shares - 26,723,616 and 26,715,216	`CommonStockValue`	$268.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$55.31M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$56.41M	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`	$632.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$608.59M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$597.95M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$573.11M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$657.96M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$695.30M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$291.53M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$464.38M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$570.93M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$238.83M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$210.20M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$405.60M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$495.85M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$255.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$35.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$75.08M	USD	2 Qtrs
Gross profit	`GrossProfit`	$28.63M	USD	1 Quarter
Gross profit	`GrossProfit`	$58.77M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.03M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.06M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$19.32M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$16.73M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$37.02M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$24.74M	USD	2 Qtrs
Net interest and other income	`NonoperatingIncomeExpense`	$20.00K	USD	1 Quarter
Net interest and other income	`NonoperatingIncomeExpense`	$21.00K	USD	1 Quarter
Net interest and other income	`NonoperatingIncomeExpense`	$24.00K	USD	2 Qtrs
Net interest and other income	`NonoperatingIncomeExpense`	$36.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.76M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.06M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.93M	USD	1 Quarter
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`	$5.64M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.49M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$16.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.57M	USD	2 Qtrs
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`	$0.79	USD	2 Qtrs
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$1.18	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`	20.75M	shares	2 Qtrs
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.75M	shares	1 Quarter
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`	$0.38	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$1.18	USD	2 Qtrs
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.79	USD	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`	20.83M	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`	20.77M	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`	$0.04	USD	2 Qtrs
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`	$16.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.57M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.93M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.65M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$814.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$605.00K	USD	2 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	2 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$32.00K	USD	2 Qtrs
Stock-based compensation attributable to equity awards	`ShareBasedCompensation`	$504.00K	USD	2 Qtrs
Stock-based compensation attributable to equity awards	`ShareBasedCompensation`	$719.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$512.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-26.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.70M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$331.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.18M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingCapitalNet`	$715.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingCapitalNet`	$470.00K	USD	2 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.51M	USD	2 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.24M	USD	2 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$4.37M	USD	2 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-8.44M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$701.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$24.10M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.09M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.49M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$4.00K	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$923.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.17M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.49M	USD	2 Qtrs
Deferred financing fees	`PaymentsOfFinancingCosts`	$1.00K	USD	2 Qtrs
Deferred financing fees	`PaymentsOfFinancingCosts`	-	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$165.00K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$403.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$830.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$828.00K	USD	2 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$32.00K	USD	2 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-631.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-428.00K	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.89M	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`	$85.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$81.14M	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`	$95.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$85.86M	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`	$79.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$95.75M	USD	Point-in-time

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