10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0000850460-18-000035`
Period End Date	20180930
Filing Date	20181102
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	wire-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 56 Cash Flow Statement 48

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`	$101.37M	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`	$134.50M	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
Accounts receivable, net of allowance of $2,029 and $2,028	`AccountsReceivableNetCurrent`	$270.59M	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
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`	$92.36M	USD	Point-in-time
Inventories	`InventoryNet`	$96.01M	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.24M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$446.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$503.34M	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
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`	$51.02M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$51.17M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$28.37M	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`	$304.19M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.69M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.60M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$544.51M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$525.26M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$248.97M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$238.46M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$295.54M	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`	$165.00K	USD	Point-in-time
Total assets	`Assets`	$799.04M	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`	$46.67M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$35.01M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$34.02M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$938.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$296.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$81.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.63M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$22.52M	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`	$59.88M	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`	$725.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$673.94M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$641.35M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$694.90M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$799.04M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$733.98M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$968.96M	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$292.03M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$340.73M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$862.96M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$252.94M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$832.46M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$286.23M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$748.79M	USD	3 Qtrs
Gross profit	`GrossProfit`	$39.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$136.50M	USD	3 Qtrs
Gross profit	`GrossProfit`	$54.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$114.16M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$57.20M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$68.60M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$19.14M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$24.21M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$30.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$67.90M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$56.97M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$19.95M	USD	1 Quarter
Net interest and other income	`NonoperatingIncomeExpense`	$148.00K	USD	1 Quarter
Net interest and other income	`NonoperatingIncomeExpense`	$184.00K	USD	3 Qtrs
Net interest and other income	`NonoperatingIncomeExpense`	$1.33M	USD	3 Qtrs
Net interest and other income	`NonoperatingIncomeExpense`	$596.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$57.15M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.89M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$69.23M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.62M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.13M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.11M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.53M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$53.12M	USD	3 Qtrs
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$1.86	USD	3 Qtrs
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$2.55	USD	3 Qtrs
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Earnings per common and common equivalent share - basic (in usd per share)	`EarningsPerShareBasic`	$1.14	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$1.13	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$1.85	USD	3 Qtrs
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$2.54	USD	3 Qtrs
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.75M	shares	3 Qtrs
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.84M	shares	3 Qtrs
Weighted average common and common equivalent shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.76M	shares	1 Quarter
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 - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.91M	shares	3 Qtrs
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`	20.84M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.84M	shares	3 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`	$0.06	USD	3 Qtrs
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	3 Qtrs
Cash dividends declared per share (in usd per share)	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$23.68M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.53M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$53.12M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.61M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.32M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-210.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.52M	USD	3 Qtrs
Stock-based compensation attributable to equity awards	`ShareBasedCompensation`	$837.00K	USD	3 Qtrs
Stock-based compensation attributable to equity awards	`ShareBasedCompensation`	$1.26M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$145.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$401.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$37.84M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$41.71M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.15M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.64M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingCapitalNet`	$464.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-120.00K	USD	3 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.08M	USD	3 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.65M	USD	3 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-4.04M	USD	3 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$642.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.13M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.95M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.24M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$16.20M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$923.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$66.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.27M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.18M	USD	3 Qtrs
Deferred financing fees	`PaymentsOfFinancingCosts`	-	USD	3 Qtrs
Deferred financing fees	`PaymentsOfFinancingCosts`	$1.00K	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$1.18M	USD	3 Qtrs
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$431.00K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$1.25M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$1.25M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-820.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-63.00K	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.61M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.13M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$101.37M	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`	$134.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$123.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$101.37M	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`	$134.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$123.36M	USD	Point-in-time

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