10-Q Filing

ESCO TECHNOLOGIES INC CIK: 866706 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000866706-13-000004`
Period End Date	20121231
Filing Date	20130208
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	ese-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 24 Cash Flow Statement 48 Comprehensive Income 10

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Costs and estimated earnings on long-term contracts, progress billings	`ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms`	$30.53M	USD	Point-in-time
Costs and estimated earnings on long-term contracts, progress billings	`ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms`	$23.49M	USD	Point-in-time
Advance payments on long-term contracts, costs incurred	`AmountOfDeferredCostsRelatedToLongTermContracts`	$32.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.21M	USD	Point-in-time
Advance payments on long-term contracts, costs incurred	`AmountOfDeferredCostsRelatedToLongTermContracts`	$31.53M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$132.41M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$151.05M	USD	Point-in-time
Costs and estimated earnings on long-term contracts, less progress billings of $23,491 and $30,534, respectively	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$10.67M	USD	Point-in-time
Costs and estimated earnings on long-term contracts, less progress billings of $23,491 and $30,534, respectively	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$14.57M	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
Inventories	`InventoryNet`	$108.06M	USD	Point-in-time
Inventories	`InventoryNet`	$118.93M	USD	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
Current portion of deferred tax assets	`DeferredTaxAssetsNetCurrent`	$22.31M	USD	Point-in-time
Current portion of deferred tax assets	`DeferredTaxAssetsNetCurrent`	$22.58M	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
Common stock, shares issued	`CommonStockSharesIssued`	30.04M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$25.55M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.24M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.11M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.72M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$343.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$343.44M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.45M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$79.81M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$75.88M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$244.53M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$231.47M	USD	Point-in-time
Goodwill	`Goodwill`	$361.28M	USD	Point-in-time
Goodwill	`Goodwill`	$388.35M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$22.52M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$21.68M	USD	Point-in-time
Total assets	`Assets`	$1.03B	USD	Point-in-time
Total assets	`Assets`	$1.08B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$51.63M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$50.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$45.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.05M	USD	Point-in-time
Advance payments on long-term contracts, less costs incurred of $32,693 and $31,534, respectively	`BillingsInExcessOfCost`	$21.70M	USD	Point-in-time
Advance payments on long-term contracts, less costs incurred of $32,693 and $31,534, respectively	`BillingsInExcessOfCost`	$22.02M	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$19.59M	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$25.72M	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$28.36M	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$24.92M	USD	Point-in-time
Accrued other expenses	`OtherAccruedLiabilitiesCurrent`	$27.82M	USD	Point-in-time
Accrued other expenses	`OtherAccruedLiabilitiesCurrent`	$27.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$194.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.21M	USD	Point-in-time
Pension obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$35.02M	USD	Point-in-time
Pension obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$35.48M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$90.74M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$88.67M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$23.94M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$9.08M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$65.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$113.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$402.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$457.64M	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 30,112,741 and 30,044,486 shares, respectively	`CommonStockValue`	$300.00K	USD	Point-in-time
Common stock, par value $.01 per share, authorized 50,000,000 shares, issued 30,112,741 and 30,044,486 shares, respectively	`CommonStockValue`	$301.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$279.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$279.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$441.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$439.68M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.38M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.51M	USD	Point-in-time
Total shareholders' equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$695.88M	USD	Point-in-time
Total shareholders' equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$695.39M	USD	Point-in-time
Less treasury stock, at cost: 3,719,107 and 3,453,249 common shares, respectively	`TreasuryStockValue`	$74.20M	USD	Point-in-time
Less treasury stock, at cost: 3,719,107 and 3,453,249 common shares, respectively	`TreasuryStockValue`	$64.57M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$621.19M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$631.31M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.03B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.08B	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`	$145.26M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$92.72M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$94.04M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.69M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.94M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.15M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$3.50M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-491.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-563.00K	USD	1 Quarter
Other (income) expenses, net	`OtherNonoperatingIncomeExpense`	$72.00K	USD	1 Quarter
Other (income) expenses, net	`OtherNonoperatingIncomeExpense`	$472.00K	USD	1 Quarter
Total costs and expenses	`TotalCostsAndExpenses`	$144.58M	USD	1 Quarter
Total costs and expenses	`TotalCostsAndExpenses`	$144.97M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$297.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.34M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.13M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$51.00K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$246.00K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$5.21M	USD	1 Quarter
Basic - Net earnings	`EarningsPerShareBasic`	$0.01	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`	$0.01	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$246.00K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$5.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.01M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$1.14M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$1.16M	USD	1 Quarter
Changes in current assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-4.97M	USD	1 Quarter
Changes in current assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-11.24M	USD	1 Quarter
Effect of deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.80M	USD	1 Quarter
Effect of deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.12M	USD	1 Quarter
Change in deferred revenue and costs, net	`ChangeInDeferredRevenueAndCostsNet`	$1.07M	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`	$-730.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.24M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-211.00K	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.65M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-518.00K	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$28.25M	USD	1 Quarter
Additions to capitalized software	`PaymentsToAcquireSoftware`	$2.95M	USD	1 Quarter
Additions to capitalized software	`PaymentsToAcquireSoftware`	$4.02M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$5.35M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.09M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.03M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.61M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$53.63M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$21.65M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$4.00M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$17.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.13M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.13M	USD	1 Quarter
Purchases of common stock into treasury	`TreasuryStockValueAcquiredCostMethod`	$-9.70M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$463.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$63.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.26M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.58M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$975.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.56M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.53M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.27M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.16M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.63M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.49M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.21M	USD	Point-in-time
Cash and cash equivalents, end 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`	$33.49M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.21M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$246.00K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$5.21M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$975.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.56M	USD	1 Quarter
Pension adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$109.00K	USD	1 Quarter
Interest rate swap adjustment	`OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax`	$2.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.55M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$866.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.11M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.65M	USD	1 Quarter

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