10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0000897101-14-001108`
Period End Date	20140630
Filing Date	20140808
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	npk-20140629.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 60 Cash Flow Statement 52

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	12.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	12.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.44M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$36.40M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$23.23M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$42.98M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$84.32M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$36.08M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$42.33M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$49.69M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$57.14M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$6.75M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$11.14M	USD	Point-in-time
Supplies	`OtherInventorySupplies`	$73.00K	USD	Point-in-time
Total inventory	`InventoryNet`	$92.51M	USD	Point-in-time
Total inventory	`InventoryNet`	$110.68M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$8.08M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$8.08M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$213.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.04M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.53M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$264.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$228.57M	USD	Point-in-time
Property, Plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$165.27M	USD	Point-in-time
Property, Plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$155.87M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$66.28M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$70.94M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$94.33M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$89.59M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$24.70M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$18.87M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.76M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.69M	USD	Point-in-time
Total assets	`Assets`	$370.25M	USD	Point-in-time
Total assets	`Assets`	$393.54M	USD	Point-in-time
Total assets	`Assets`	$357.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.32M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.91M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.23M	USD	Point-in-time
DEFERRED INCOME TAX	`DeferredTaxLiabilitiesNoncurrent`	$6.76M	USD	Point-in-time
DEFERRED INCOME TAX	`DeferredTaxLiabilitiesNoncurrent`	$6.76M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $1 par value: Authorized: 12,000,000 Issued: 7,440,518	`CommonStockValue`	$7.44M	USD	Point-in-time
Common stock, $1 par value: Authorized: 12,000,000 Issued: 7,440,518	`CommonStockValue`	$7.44M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.49M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$336.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$310.80M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$11.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$349.34M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$323.74M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$16.79M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$16.56M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$307.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$332.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$393.54M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$357.02M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$101.40M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$174.87M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$88.31M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$184.59M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$143.00M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$149.97M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$72.17M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$82.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$34.62M	USD	2 Qtrs
Gross profit	`GrossProfit`	$16.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$31.86M	USD	2 Qtrs
Gross profit	`GrossProfit`	$18.41M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$12.73M	USD	2 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.43M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$11.11M	USD	2 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.44M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$3.38M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$166.00K	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$333.00K	USD	2 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$5.82M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$6.32M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$13.30M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$23.18M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$12.82M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$147.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$312.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$148.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$355.00K	USD	2 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.97M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.53M	USD	2 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.62M	USD	2 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.47M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$8.38M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$4.67M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.30M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$4.75M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$8.86M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$8.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.17M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$15.15M	USD	2 Qtrs
Weighted average shares outstanding (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.93M	shares	1 Quarter
Weighted average shares outstanding (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.91M	shares	1 Quarter
Weighted average shares outstanding (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.90M	shares	2 Qtrs
Weighted average shares outstanding (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.92M	shares	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$2.20	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.60	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.20	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.28	USD	2 Qtrs
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-20.00K	USD	2 Qtrs
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-28.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$3.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.17M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.13M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.86M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.27M	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$5.05	USD	2 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	2 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$8.86M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$8.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.17M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$15.15M	USD	2 Qtrs
Provision for depreciation	`Depreciation`	$4.18M	USD	2 Qtrs
Provision for depreciation	`Depreciation`	$4.71M	USD	2 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$3.38M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$166.00K	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$333.00K	USD	2 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$5.82M	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$360.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$86.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-293.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-263.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-42.48M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.89M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$20.28M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.48M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.44M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-2.08M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.61M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.48M	USD	2 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.83M	USD	2 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.58M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.11M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$33.67M	USD	2 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.21M	USD	2 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$6.15M	USD	2 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$4.48M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$14.39M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$16.65M	USD	2 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$14.39M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.43M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.95M	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.53M	USD	2 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	USD	2 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$300.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.92M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.01M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$34.95M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$362.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-34.59M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.80M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.93M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.44M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.44M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.02M	USD	Point-in-time

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