10-Q Filing

IDEX CORP /DE/ CIK: 832101 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-043713`
Period End Date	20110331
Filing Date	20110503
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	iex-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 29 Cash Flow Statement 62 Stockholders Equity 15

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.53M	USD	Point-in-time
Allowance for doubtful accounts on receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$195.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$235.14M	USD	Point-in-time
Allowance for doubtful accounts on receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.32M	USD	Point-in-time
Receivables, less allowance for doubtful accounts of $5,255 at March 31,2011 and $5,322 at December 31,2010	`ReceivablesNetCurrent`	$213.55M	USD	Point-in-time
Receivables, less allowance for doubtful accounts of $5,255 at March 31,2011 and $5,322 at December 31,2010	`ReceivablesNetCurrent`	$242.18M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventories - net	`InventoryNet`	$215.65M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventories - net	`InventoryNet`	$196.55M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$50.63M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$47.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$704.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$692.76M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$199.70M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$188.56M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	150.00M	shares	Point-in-time
Goodwill	`Goodwill`	$1.21B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill	`Goodwill`	$1.25B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	84.64M	shares	Point-in-time
Intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$299.33M	USD	Point-in-time
Intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$281.39M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	85.44M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.57M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$11.98M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2.57M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$16.13M	USD	Point-in-time
Total assets	`Assets`	$2.47B	USD	Point-in-time
Total assets	`Assets`	$2.38B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$104.06M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$112.91M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$113.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$117.88M	USD	Point-in-time
Current portion of long term debt and short term borrowings	`ShortTermBorrowings`	$119.44M	USD	Point-in-time
Current portion of long term debt and short term borrowings	`ShortTermBorrowings`	$102.80M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$12.29M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$353.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$328.71M	USD	Point-in-time
Long-term borrowings	`LongTermDebtNoncurrent`	$408.45M	USD	Point-in-time
Long-term borrowings	`LongTermDebtNoncurrent`	$415.38M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$148.53M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$153.91M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$95.38M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$94.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.01B	USD	Point-in-time
Total liabilities	`Liabilities`	$992.44M	USD	Point-in-time
Authorized: 5,000,000 shares, $.01 per share par value; Issued: None	`PreferredStockValue`	-	USD	Point-in-time
Authorized: 5,000,000 shares, $.01 per share par value; Issued: None	`PreferredStockValue`	-	USD	Point-in-time
Authorized: 150,000,000 shares, $.01 per share par value; Issued: 85,439,363 shares at March 31,2011 and 84,636,668 shares at December 31, 2010	`CommonStockValue`	$854.00K	USD	Point-in-time
Authorized: 150,000,000 shares, $.01 per share par value; Issued: 85,439,363 shares at March 31,2011 and 84,636,668 shares at December 31, 2010	`CommonStockValue`	$846.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$441.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$464.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.01B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.05B	USD	Point-in-time
Treasury stock at cost: 2,566,985 shares at both March 31, 2011 and December 31, 2010	`TreasuryStockValue`	$58.79M	USD	Point-in-time
Treasury stock at cost: 2,566,985 shares at both March 31, 2011 and December 31, 2010	`TreasuryStockValue`	$58.85M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.71M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$13.86M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.38B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.47B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.47B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.38B	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$427.09M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$355.60M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$248.39M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$208.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$147.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$178.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$87.78M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$100.98M	USD	1 Quarter
Restructuring expenses	`RestructuringCharges`	$1.87M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$57.89M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$77.72M	USD	1 Quarter
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$254.00K	USD	1 Quarter
Other income (expense) - net	`OtherNonoperatingIncomeExpense`	$-907.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$6.45M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.43M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$54.71M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$70.36M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.62M	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	80.08M	shares	1 Quarter
Basic weighted average common shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	81.43M	shares	1 Quarter
Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.51M	shares	1 Quarter
Diluted weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.25M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$47.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.62M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$8.32M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.27M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$7.30M	USD	1 Quarter
Amortization of debt issuance expenses	`AmortizationOfFinancingCosts`	$251.00K	USD	1 Quarter
Amortization of debt issuance expenses	`AmortizationOfFinancingCosts`	$104.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$4.85M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$4.75M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.66M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.01M	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$2.37M	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$554.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$26.27M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$22.32M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$12.88M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.50M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$10.32M	USD	1 Quarter
Trade accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$6.11M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.42M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.76M	USD	1 Quarter
Other - net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$6.34M	USD	1 Quarter
Other - net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$7.71M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$29.13M	USD	1 Quarter
Net cash flows provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.13M	USD	1 Quarter
Cash purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.55M	USD	1 Quarter
Cash purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.44M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$50.36M	USD	1 Quarter
Other - net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.13M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.55M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.93M	USD	1 Quarter
Payments under credit facilities and term loan	`RepaymentsOfLongTermLinesOfCredit`	$11.08M	USD	1 Quarter
Payments under credit facilities and term loan	`RepaymentsOfLongTermLinesOfCredit`	$17.98M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.70M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$12.29M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$16.05M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$1.20M	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.37M	USD	1 Quarter
Excess tax benefit from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$554.00K	USD	1 Quarter
Other - net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-6.00K	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.02M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.86M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.07M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.70M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-39.59M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.14M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$73.53M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$71.39M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$195.55M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$235.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$73.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$71.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$195.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$235.14M	USD	Point-in-time
Interest	`InterestPaid`	$2.07M	USD	1 Quarter
Interest	`InterestPaid`	$3.57M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$5.84M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$4.71M	USD	1 Quarter
Contingent consideration for acquisition	`ContingentConsiderationForAcquisition`	$2.71M	USD	1 Quarter
Issuance of unvested shares	`IssuanceOfUnvestedShares`	$269.00K	USD	1 Quarter
Issuance of unvested shares	`IssuanceOfUnvestedShares`	$182.00K	USD	1 Quarter

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Issuance of common stock from unvested shares, exercise of stock options and deferred compensation plans, net of tax	`IssuanceOfCommonStockFromExerciseOfStockOptionsAndDeferredCompensationPlansShares`	818,420.00	shares	1 Quarter
Beginning balance	`StockholdersEquity`	$1.38B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.47B	USD	Point-in-time
Net income	`NetIncomeLoss`	$47.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$36.62M	USD	1 Quarter
Cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$24.88M	USD	1 Quarter
Amortization of retirement obligations	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$785.00K	USD	1 Quarter
Net change on derivatives designated as cash flow hedges	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$904.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$26.57M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$74.52M	USD	1 Quarter
Issuance of 818,240 shares of common stock from issuance of unvested shares, exercise of stock options and deferred compensation plans, net of tax benefit	`IssuanceOfCommonStockFromExerciseOfStockOptionsAndDeferredCompensationPlansNetOfTaxBenefit`	$18.02M	USD	1 Quarter
Unvested shares surrendered for tax withholding	`UnvestedSharesSurrenderedForTaxWithholding`	$-60.00K	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$4.85M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.38B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.47B	USD	Point-in-time

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