10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000850460-19-000016`
Period End Date	20190331
Filing Date	20190502
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	wire-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 28 Cash Flow Statement 43 Stockholders Equity 18

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`	$178.41M	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`	$177.97M	USD	Point-in-time
Accounts receivable, net of allowance of $2,031 and $2,030	`AccountsReceivableNetCurrent`	$231.47M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $2,031 and $2,030	`AccountsReceivableNetCurrent`	$235.35M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$101.59M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$102.37M	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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`	$1.39M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.72M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.91M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	26.92M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.02M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	6.03M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$519.24M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	6.03M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$512.05M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$51.17M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$51.17M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$27.41M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$24.62M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$151.76M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$152.26M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$314.18M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$320.15M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.92M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$9.69M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$551.41M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$560.91M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$256.79M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$252.75M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$298.66M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$304.12M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$790.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$165.00K	USD	Point-in-time
Total assets	`Assets`	$816.96M	USD	Point-in-time
Total assets	`Assets`	$818.06M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$30.67M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$36.71M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$24.51M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$36.87M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.56M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$57.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$73.57M	USD	Point-in-time
Deferred income taxes and other	`DeferredIncomeTaxLiabilitiesNet`	$24.03M	USD	Point-in-time
Deferred income taxes and other	`DeferredIncomeTaxLiabilitiesNet`	$24.58M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Authorized shares 2,000,000; none issued	`PreferredStockValue`	-	USD	Point-in-time
Authorized shares 2,000,000; none issued	`PreferredStockValue`	-	USD	Point-in-time
Issued shares 26,921,603 and 26,906,603	`CommonStockValue`	$269.00K	USD	Point-in-time
Issued shares 26,921,603 and 26,906,603	`CommonStockValue`	$269.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$60.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$62.01M	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`	$763.41M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$750.42M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$641.35M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$734.64M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$720.46M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$653.24M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$818.06M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$816.96M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$314.71M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$291.43M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$253.94M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$273.38M	USD	1 Quarter
Gross profit	`GrossProfit`	$37.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$41.33M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$25.00M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$22.89M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.33M	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`	$1.08M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.95M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.41M	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`	$0.64	USD	1 Quarter
Earnings per common and common equivalent share - diluted (in usd per share)	`EarningsPerShareDiluted`	$0.64	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`	20.88M	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`	20.91M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.98M	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 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.34M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.11M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$48.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-311.00K	USD	1 Quarter
Stock-based compensation attributable to equity awards	`ShareBasedCompensation`	$760.00K	USD	1 Quarter
Stock-based compensation attributable to equity awards	`ShareBasedCompensation`	$649.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$49.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$7.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.58M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.88M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.13M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-775.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-609.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-724.00K	USD	1 Quarter
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-16.44M	USD	1 Quarter
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.56M	USD	1 Quarter
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.95M	USD	1 Quarter
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.91M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.96M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.41M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.46M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.87M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$22.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.85M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.46M	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$431.00K	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$306.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$418.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$417.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-111.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$13.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-431.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-15.54M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$123.36M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$177.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$107.83M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$178.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$123.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$177.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$107.83M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$178.41M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
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
Beginning balance	`StockholdersEquity`	$641.35M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$734.64M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$720.46M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$653.24M	USD	Point-in-time
Net income	`NetIncomeLoss`	$11.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.41M	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$306.00K	USD	1 Quarter
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$431.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$649.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$760.00K	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$417.00K	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$418.00K	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$641.35M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$734.64M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$720.46M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$653.24M	USD	Point-in-time

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