10-Q Filing

ESCO TECHNOLOGIES INC CIK: 866706 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000866706-11-000016`
Period End Date	20110630
Filing Date	20110808
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	ese-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 48 Cash Flow Statement 50

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Costs and estimated earnings on long-term contracts, progress billings	`ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms`	$12.19M	USD	Point-in-time
Costs and estimated earnings on long-term contracts, progress billings	`ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms`	$11.09M	USD	Point-in-time
Advance payments on long-term contracts, costs incurred	`AmountOfDeferredCostsRelatedToLongTermContracts`	$19.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.80M	USD	Point-in-time
Advance payments on long-term contracts, costs incurred	`AmountOfDeferredCostsRelatedToLongTermContracts`	$23.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.63M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$141.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$144.97M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Costs and estimated earnings on long-term contracts, less progress billings of $11,086 and $12,189, respectively	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$12.74M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Costs and estimated earnings on long-term contracts, less progress billings of $11,086 and $12,189, respectively	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$9.69M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$83.03M	USD	Point-in-time
Inventories	`InventoryNet`	$102.24M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Current portion of deferred tax assets	`DeferredTaxAssetsNetCurrent`	$15.81M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Current portion of deferred tax assets	`DeferredTaxAssetsNetCurrent`	$18.63M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.84M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.92M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.17M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.93M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.34M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$296.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$319.25M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.32M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$72.56M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$73.66M	USD	Point-in-time
Goodwill	`Goodwill`	$355.66M	USD	Point-in-time
Goodwill	`Goodwill`	$362.69M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$231.52M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$229.74M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$19.04M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$19.98M	USD	Point-in-time
Total assets	`Assets`	$1.01B	USD	Point-in-time
Total assets	`Assets`	$974.29M	USD	Point-in-time
Short-term borrowings and current portion of long-term debt	`DebtCurrent`	$50.37M	USD	Point-in-time
Short-term borrowings and current portion of long-term debt	`DebtCurrent`	$50.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$47.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$59.09M	USD	Point-in-time
Advance payments on long-term contracts, less costs incurred of $23,250 and $19,547, respectively	`BillingsInExcessOfCost`	$28.68M	USD	Point-in-time
Advance payments on long-term contracts, less costs incurred of $23,250 and $19,547, respectively	`BillingsInExcessOfCost`	$5.73M	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$23.76M	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$24.62M	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$21.91M	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$24.90M	USD	Point-in-time
Accrued other expenses	`OtherAccruedLiabilitiesCurrent`	$24.06M	USD	Point-in-time
Accrued other expenses	`OtherAccruedLiabilitiesCurrent`	$26.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$186.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$200.03M	USD	Point-in-time
Pension obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$26.81M	USD	Point-in-time
Pension obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$29.98M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$79.59M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$79.39M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$17.64M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$17.96M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$89.00M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$104.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$418.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$413.07M	USD	Point-in-time
Preferred stock, par value $.01 per share, authorized 10,000,000 shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.01 per share, authorized 10,000,000 shares	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.01 per share, authorized 50,000,000 shares, issued 29,932,347 and 29,839,343 shares, respectively	`CommonStockValue`	$299.00K	USD	Point-in-time
Common stock, par value $.01 per share, authorized 50,000,000 shares, issued 29,932,347 and 29,839,343 shares, respectively	`CommonStockValue`	$298.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$274.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$270.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$359.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$390.00M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.31M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.79M	USD	Point-in-time
Total shareholders' equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$615.72M	USD	Point-in-time
Total shareholders' equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$652.61M	USD	Point-in-time
Less treasury stock, at cost: 3,324,926 and 3,338,986 common shares, respectively	`TreasuryStockValue`	$59.74M	USD	Point-in-time
Less treasury stock, at cost: 3,324,926 and 3,338,986 common shares, respectively	`TreasuryStockValue`	$59.51M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$593.10M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$555.98M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.01B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$974.29M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$157.58M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$399.57M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$176.33M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$503.01M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$238.83M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$105.52M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$301.60M	USD	3 Qtrs
Cost of sales	`CostOfRevenue`	$91.99M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.14M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$47.52M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$134.57M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$114.16M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$8.94M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$8.66M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.06M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.89M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-3.03M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-791.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.85M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-534.00K	USD	1 Quarter
Other (income) expenses, net	`OtherNonoperatingIncomeExpense`	$-551.00K	USD	1 Quarter
Other (income) expenses, net	`OtherNonoperatingIncomeExpense`	$522.00K	USD	1 Quarter
Other (income) expenses, net	`OtherNonoperatingIncomeExpense`	$-1.86M	USD	3 Qtrs
Other (income) expenses, net	`OtherNonoperatingIncomeExpense`	$1.01M	USD	3 Qtrs
Total costs and expenses	`TotalCostsAndExpenses`	$156.11M	USD	1 Quarter
Total costs and expenses	`TotalCostsAndExpenses`	$366.54M	USD	3 Qtrs
Total costs and expenses	`TotalCostsAndExpenses`	$134.37M	USD	1 Quarter
Total costs and expenses	`TotalCostsAndExpenses`	$445.95M	USD	3 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.22M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$33.03M	USD	3 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.21M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$57.06M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.66M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.14M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$12.08M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$19.95M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$20.95M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$37.12M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$14.55M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$13.08M	USD	1 Quarter
Basic - Net earnings	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Basic - Net earnings	`EarningsPerShareBasic`	$1.40	USD	3 Qtrs
Basic - Net earnings	`EarningsPerShareBasic`	$0.79	USD	3 Qtrs
Basic - Net earnings	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Diluted - Net earnings	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted - Net earnings	`EarningsPerShareDiluted`	$0.79	USD	3 Qtrs
Diluted - Net earnings	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Diluted - Net earnings	`EarningsPerShareDiluted`	$1.38	USD	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$20.95M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$37.12M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$14.55M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$13.08M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.56M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.39M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$3.00M	USD	3 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$3.74M	USD	3 Qtrs
Changes in current assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$4.76M	USD	3 Qtrs
Changes in current assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$25.64M	USD	3 Qtrs
Effect of deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$2.73M	USD	3 Qtrs
Effect of deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$2.68M	USD	3 Qtrs
Change in deferred revenue and costs, net	`ChangeInDeferredRevenueAndCostsNet`	$-3.10M	USD	3 Qtrs
Change in deferred revenue and costs, net	`ChangeInDeferredRevenueAndCostsNet`	$-3.78M	USD	3 Qtrs
Pension contributions	`PensionContributions`	$4.62M	USD	3 Qtrs
Pension contributions	`PensionContributions`	$968.00K	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.69M	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$972.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.60M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.92M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.98M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.25M	USD	3 Qtrs
Additions to capitalized software	`PaymentsToAcquireSoftware`	$10.37M	USD	3 Qtrs
Additions to capitalized software	`PaymentsToAcquireSoftware`	$6.24M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$9.29M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$10.11M	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-24.64M	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.59M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$12.00M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$33.37M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$28.47M	USD	3 Qtrs
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$48.00M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$6.37M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$4.23M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.05M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.36M	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.95M	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.33M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.29M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.28M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.29M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-24.30M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$31.80M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.33M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.51M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.63M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$31.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.33M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.51M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.63M	USD	Point-in-time

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