10-Q Filing

ESCO TECHNOLOGIES INC CIK: 866706 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000866706-12-000005`
Period End Date	20111231
Filing Date	20120208
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	ese-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 24 Cash Flow Statement 46

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Costs and estimated earnings on long-term contracts, progress billings	`ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms`	$26.93M	USD	Point-in-time
Costs and estimated earnings on long-term contracts, progress billings	`ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms`	$11.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.51M	USD	Point-in-time
Advance payments on long-term contracts, costs incurred	`AmountOfDeferredCostsRelatedToLongTermContracts`	$20.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.16M	USD	Point-in-time
Advance payments on long-term contracts, costs incurred	`AmountOfDeferredCostsRelatedToLongTermContracts`	$30.93M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$144.08M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$127.08M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	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 $26,925 and $11,416, respectively	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$12.97M	USD	Point-in-time
Costs and estimated earnings on long-term contracts, less progress billings of $26,925 and $11,416, respectively	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$14.54M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$107.30M	USD	Point-in-time
Inventories	`InventoryNet`	$96.99M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Current portion of deferred tax assets	`DeferredTaxAssetsNetCurrent`	$20.63M	USD	Point-in-time
Current portion of deferred tax assets	`DeferredTaxAssetsNetCurrent`	$20.56M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.05M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.99M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.52M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.96M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.32M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$318.16M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.32M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$328.35M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$73.07M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$73.08M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$231.85M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$231.29M	USD	Point-in-time
Goodwill	`Goodwill`	$361.86M	USD	Point-in-time
Goodwill	`Goodwill`	$361.44M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$16.70M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$15.96M	USD	Point-in-time
Total assets	`Assets`	$1.01B	USD	Point-in-time
Total assets	`Assets`	$999.93M	USD	Point-in-time
Short-term borrowings and current portion of long-term debt	`DebtCurrent`	$129.65M	USD	Point-in-time
Short-term borrowings and current portion of long-term debt	`DebtCurrent`	$50.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$44.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.04M	USD	Point-in-time
Advance payments on long-term contracts, less costs incurred of $20,322 and $30,925, respectively	`BillingsInExcessOfCost`	$27.18M	USD	Point-in-time
Advance payments on long-term contracts, less costs incurred of $20,322 and $30,925, respectively	`BillingsInExcessOfCost`	$23.67M	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$26.04M	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$17.89M	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$24.50M	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$19.89M	USD	Point-in-time
Accrued other expenses	`OtherAccruedLiabilitiesCurrent`	$25.64M	USD	Point-in-time
Accrued other expenses	`OtherAccruedLiabilitiesCurrent`	$27.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$264.93M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$205.84M	USD	Point-in-time
Pension obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$33.44M	USD	Point-in-time
Pension obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$32.97M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$86.36M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$85.31M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.08M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$11.54M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$75.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$411.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$397.34M	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 29,994,210 and 29,956,904 shares, respectively	`CommonStockValue`	$300.00K	USD	Point-in-time
Common stock, par value $.01 per share, authorized 50,000,000 shares, issued 29,994,210 and 29,956,904 shares, respectively	`CommonStockValue`	$300.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$276.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$275.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$403.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$406.31M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.19M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.74M	USD	Point-in-time
Total shareholders' equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$661.97M	USD	Point-in-time
Total shareholders' equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$660.16M	USD	Point-in-time
Less treasury stock, at cost: 3,316,926 and 3,320,926 common shares, respectively	`TreasuryStockValue`	$59.45M	USD	Point-in-time
Less treasury stock, at cost: 3,316,926 and 3,320,926 common shares, respectively	`TreasuryStockValue`	$59.38M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$600.71M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$602.59M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$999.93M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.01B	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$152.93M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$159.94M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$92.72M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$97.48M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$43.65M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.69M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.15M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.85M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-774.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-491.00K	USD	1 Quarter
Other (income) expenses, net	`OtherNonoperatingIncomeExpense`	$472.00K	USD	1 Quarter
Other (income) expenses, net	`OtherNonoperatingIncomeExpense`	$618.00K	USD	1 Quarter
Total costs and expenses	`TotalCostsAndExpenses`	$144.14M	USD	1 Quarter
Total costs and expenses	`TotalCostsAndExpenses`	$144.58M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.80M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.34M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.99M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.13M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$5.21M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.81M	USD	1 Quarter
Basic - Net earnings	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Basic - Net earnings	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Diluted - Net earnings	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted - Net earnings	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$5.21M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.81M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.54M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$1.23M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$1.14M	USD	1 Quarter
Changes in current assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$11.24M	USD	1 Quarter
Changes in current assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$1.26M	USD	1 Quarter
Effect of deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-666.00K	USD	1 Quarter
Effect of deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.12M	USD	1 Quarter
Change in deferred revenue and costs, net	`ChangeInDeferredRevenueAndCostsNet`	$-4.43M	USD	1 Quarter
Change in deferred revenue and costs, net	`ChangeInDeferredRevenueAndCostsNet`	$2.36M	USD	1 Quarter
Pension contributions	`PensionContributions`	$-610.00K	USD	1 Quarter
Pension contributions	`PensionContributions`	$-3.40M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$211.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.13M	USD	1 Quarter
Net cash (used) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.14M	USD	1 Quarter
Net cash (used) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-518.00K	USD	1 Quarter
Additions to capitalized software	`PaymentsToAcquireSoftware`	$2.67M	USD	1 Quarter
Additions to capitalized software	`PaymentsToAcquireSoftware`	$2.95M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.09M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.66M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.33M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.03M	USD	1 Quarter
Proceeds from debt revolver	`ProceedsFromIssuanceOfLongTermDebt`	$21.65M	USD	1 Quarter
Proceeds from debt revolver	`ProceedsFromIssuanceOfLongTermDebt`	$9.53M	USD	1 Quarter
Principal payments on debt revolver	`RepaymentsOfLongTermDebt`	$17.00M	USD	1 Quarter
Principal payments on debt revolver	`RepaymentsOfLongTermDebt`	$18.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.13M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.12M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$462.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$63.00K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.58M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.13M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-344.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.56M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.34M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.53M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.63M	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`	$29.85M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.16M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.63M	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`	$29.85M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.16M	USD	Point-in-time

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