10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0000897101-15-001096`
Period End Date	20150630
Filing Date	20150814
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	npk-20150705.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 60 Cash Flow Statement 58

Balance Sheet 73 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`	$22.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$22.40M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$21.70M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$50.27M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$68.75M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$30.31M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$34.70M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$50.57M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$52.89M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$9.51M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$8.18M	USD	Point-in-time
Total inventory	`InventoryNet`	$89.06M	USD	Point-in-time
Total inventory	`InventoryNet`	$97.09M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$6.62M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$6.62M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.67M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$9.34M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$9.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$252.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$234.83M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$173.62M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$171.26M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$80.26M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$75.72M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$93.37M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$95.54M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$10.64M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$7.36M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.82M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.88M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$12.32M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$4.65M	USD	Point-in-time
Total assets	`Assets`	$357.02M	USD	Point-in-time
Total assets	`Assets`	$363.25M	USD	Point-in-time
Total assets	`Assets`	$378.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.63M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$127.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.68M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$43.49M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$4.29M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$4.29M	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 shares; Issued: 7,440,518 shares	`CommonStockValue`	$7.44M	USD	Point-in-time
Common stock, $1 par value: Authorized: 12,000,000 shares; Issued: 7,440,518 shares	`CommonStockValue`	$7.44M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.38M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$328.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$317.53M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$331.35M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$341.76M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$16.32M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$15.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$325.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$315.46M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$363.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$378.36M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$203.37M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$88.31M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$102.37M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$174.87M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$81.94M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$143.00M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$162.06M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$72.17M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$41.31M	USD	2 Qtrs
Gross profit	`GrossProfit`	$31.86M	USD	2 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$11.94M	USD	2 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$12.73M	USD	2 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.44M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.78M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$5.82M	USD	2 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$888.00K	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$3.28M	USD	2 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$3.38M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$6.32M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$13.76M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$26.09M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$13.30M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$148.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$101.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$176.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$312.00K	USD	2 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.62M	USD	2 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.86M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.26M	USD	2 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.47M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.75M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.74M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.03M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$4.17M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.86M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$17.23M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$9.12M	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.93M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.95M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.92M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.95M	shares	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.60	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$2.48	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.28	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.31	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$6.00K	USD	2 Qtrs
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$3.00K	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`	$-1.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$17.23M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.86M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.17M	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$4.05	USD	2 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$5.05	USD	2 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$4.17M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.86M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$17.23M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$9.12M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$4.71M	USD	2 Qtrs
Provision for depreciation	`Depreciation`	$5.03M	USD	2 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$5.82M	USD	2 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$888.00K	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$3.28M	USD	2 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$3.38M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$77.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$360.00K	USD	2 Qtrs
Noncash retirement plan expense	`NoncashRetirementPlanExpense`	$202.00K	USD	2 Qtrs
Noncash retirement plan expense	`NoncashRetirementPlanExpense`	$399.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-91.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-61.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.40M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-42.48M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.48M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.03M	USD	2 Qtrs
Other assets and current assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.34M	USD	2 Qtrs
Other assets and current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.08M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.61M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.25M	USD	2 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.83M	USD	2 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.79M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$33.67M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$25.68M	USD	2 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.21M	USD	2 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$3.64M	USD	2 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$511.00K	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$4.35M	USD	2 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$4.48M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$14.39M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.85M	USD	2 Qtrs
Purchase 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`	$22.00K	USD	2 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$300.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.12M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.01M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$34.95M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$28.11M	USD	2 Qtrs
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$323.00K	USD	2 Qtrs
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$362.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-27.80M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-34.59M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.24M	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`	$22.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.04M	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`	$49.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.04M	USD	Point-in-time

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