10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000850460-18-000019`
Period End Date	20180331
Filing Date	20180503
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	wire-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 28 Cash Flow Statement 46

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.03M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.03M	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`	$123.36M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.48M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$107.83M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $2,028 and $2,028	`AccountsReceivableNetCurrent`	$228.88M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $2,028 and $2,028	`AccountsReceivableNetCurrent`	$248.47M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$94.50M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$92.36M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.75M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.37M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.86M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$446.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$452.54M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.87M	shares	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
Land and land improvements	`LandAndLandImprovements`	$51.08M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$51.02M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$13.78M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$19.52M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$150.60M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$150.60M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$301.74M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$300.25M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.61M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.60M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$532.55M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$525.26M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$238.46M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$242.44M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$290.11M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$286.80M	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`	$742.85M	USD	Point-in-time
Total assets	`Assets`	$733.98M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$41.10M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$36.33M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$23.62M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$35.01M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.21M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$296.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$68.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.63M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$21.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$20.69M	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 - 26,871,603 and 26,859,203	`CommonStockValue`	$269.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 40,000,000; Issued shares - 26,871,603 and 26,859,203	`CommonStockValue`	$269.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$59.15M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$58.19M	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`	$673.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$684.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$653.24M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$641.35M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$742.85M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$733.98M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$291.43M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$279.39M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$240.19M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$253.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$39.20M	USD	1 Quarter
Gross profit	`GrossProfit`	$37.49M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$22.89M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$18.74M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$20.47M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$14.61M	USD	1 Quarter
Net interest and other income	`NonoperatingIncomeExpense`	$343.00K	USD	1 Quarter
Net interest and other income	`NonoperatingIncomeExpense`	$16.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.48M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.95M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.63M	USD	1 Quarter
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.66	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.65	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.54	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`	20.84M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.83M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.91M	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 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.80M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-779.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-311.00K	USD	1 Quarter
Stock-based compensation attributable to equity awards	`ShareBasedCompensation`	$649.00K	USD	1 Quarter
Stock-based compensation attributable to equity awards	`ShareBasedCompensation`	$384.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$499.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$7.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$26.73M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.58M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.36M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.13M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-609.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-446.00K	USD	1 Quarter
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.56M	USD	1 Quarter
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.25M	USD	1 Quarter
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.58M	USD	1 Quarter
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.91M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.96M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.45M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.46M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.55M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$923.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.63M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.46M	USD	1 Quarter
Deferred financing fees	`PaymentsOfFinancingCosts`	$1.00K	USD	1 Quarter
Deferred financing fees	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$222.00K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$306.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$417.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$415.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-194.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-111.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.27M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.54M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$123.36M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$86.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$95.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$107.83M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$123.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$86.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$95.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$107.83M	USD	Point-in-time

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