10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0000850460-18-000028`
Period End Date	20180630
Filing Date	20180802
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	wire-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 56 Cash Flow Statement 48

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`	$2.03M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$102.02M	USD	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $2,029 and $2,028	`AccountsReceivableNetCurrent`	$258.41M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $2,029 and $2,028	`AccountsReceivableNetCurrent`	$228.88M	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
Inventories	`InventoryNet`	$96.87M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.73M	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.37M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.86M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.88M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$461.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$446.98M	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
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`	$24.05M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$13.78M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$150.60M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$151.09M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$300.25M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$303.94M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.60M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.69M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$539.84M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$525.26M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$246.47M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$238.46M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$286.80M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$293.36M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$165.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$193.00K	USD	Point-in-time
Total assets	`Assets`	$754.71M	USD	Point-in-time
Total assets	`Assets`	$733.98M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$36.33M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$34.68M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.94M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$35.01M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$296.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$61.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.63M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$21.76M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$21.00M	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`	$59.57M	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`	$702.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$673.94M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$671.33M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$641.35M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$733.98M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$754.71M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$570.93M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$291.53M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$628.22M	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$336.79M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$292.30M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$546.23M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$495.85M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$255.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$81.99M	USD	2 Qtrs
Gross profit	`GrossProfit`	$75.08M	USD	2 Qtrs
Gross profit	`GrossProfit`	$35.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$44.50M	USD	1 Quarter
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`	$44.38M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$21.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$37.02M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$16.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$37.61M	USD	2 Qtrs
Net interest and other income	`NonoperatingIncomeExpense`	$736.00K	USD	2 Qtrs
Net interest and other income	`NonoperatingIncomeExpense`	$20.00K	USD	1 Quarter
Net interest and other income	`NonoperatingIncomeExpense`	$36.00K	USD	2 Qtrs
Net interest and other income	`NonoperatingIncomeExpense`	$393.00K	USD	1 Quarter
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`	$23.39M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$38.34M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.90M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.49M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.57M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$29.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$18.09M	USD	1 Quarter
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.87	USD	1 Quarter
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$1.18	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`	$1.41	USD	2 Qtrs
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`	$0.52	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$1.41	USD	2 Qtrs
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.84M	shares	2 Qtrs
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.85M	shares	1 Quarter
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`	20.75M	shares	2 Qtrs
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.91M	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`	20.92M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.83M	shares	2 Qtrs
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`	$0.02	USD	1 Quarter
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.04	USD	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$10.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.57M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$29.44M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$18.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$7.65M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.21M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$761.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$814.00K	USD	2 Qtrs
Stock-based compensation attributable to equity awards	`ShareBasedCompensation`	$1.07M	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`	$5.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$29.53M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$35.70M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.50M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.18M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-216.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingCapitalNet`	$715.00K	USD	2 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.51M	USD	2 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.64M	USD	2 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-2.02M	USD	2 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-8.44M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.00M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$701.00K	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.82M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.09M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$923.00K	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.82M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.17M	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`	$403.00K	USD	2 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$306.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$834.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$830.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-428.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-528.00K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.89M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.34M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$123.36M	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`	$102.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.86M	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`	$95.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$102.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$85.86M	USD	Point-in-time

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