10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-073006`
Period End Date	20110630
Filing Date	20110804
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	wire-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 55 Cash Flow Statement 47

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.58M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$226.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.80M	USD	Point-in-time
Accounts receivable (net of allowance of $2,579 and $2,582)	`AccountsReceivableNetCurrent`	$246.75M	USD	Point-in-time
Accounts receivable (net of allowance of $2,579 and $2,582)	`AccountsReceivableNetCurrent`	$190.36M	USD	Point-in-time
Inventories	`InventoryNet`	$55.16M	USD	Point-in-time
Inventories	`InventoryNet`	$42.10M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$975.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Deferred income taxes receivable	`DeferredTaxAssetsNetCurrent`	$4.75M	USD	Point-in-time
Deferred income taxes receivable	`DeferredTaxAssetsNetCurrent`	$4.49M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, share issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$1.89M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$2.62M	USD	Point-in-time
Preferred stock, share issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$357.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$342.10M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock , shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock , shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$17.97M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.44M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.37M	shares	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$17.97M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$8.76M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$15.56M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.15M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.15M	shares	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$75.61M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$69.44M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$179.99M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$174.92M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$7.44M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$7.07M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$284.96M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$289.77M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$155.58M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$149.97M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$134.19M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$134.99M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$194.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$222.00K	USD	Point-in-time
Total assets	`Assets`	$477.28M	USD	Point-in-time
Total assets	`Assets`	$491.47M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$32.90M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$30.07M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$23.19M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.97M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$58.15M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$11.75M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$12.02M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value: Authorized shares - 2,000,000; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value: Authorized shares - 2,000,000; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 40,000,000; Issued shares - 26,442,752 and; 26,366,752	`CommonStockValue`	$264.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 40,000,000; Issued shares - 26,442,752 and; 26,366,752	`CommonStockValue`	$264.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$45.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$45.89M	USD	Point-in-time
Treasury stock, at cost - 3,150,277 and 3,150,277 shares	`TreasuryStockValue`	$21.29M	USD	Point-in-time
Treasury stock, at cost - 3,150,277 and 3,150,277 shares	`TreasuryStockValue`	$21.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$402.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$383.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$407.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$427.42M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$491.47M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$477.28M	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$612.82M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$411.32M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$309.47M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$236.09M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$209.18M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$373.81M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$278.84M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$548.43M	USD	2 Qtrs
Gross profit	`GrossProfit`	$26.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$64.39M	USD	2 Qtrs
Gross profit	`GrossProfit`	$37.52M	USD	2 Qtrs
Gross profit	`GrossProfit`	$30.63M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$16.08M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$26.05M	USD	2 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$14.07M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.23M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$30.16M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$14.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$12.85M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.46M	USD	2 Qtrs
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$5.00K	USD	2 Qtrs
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$-2.80M	USD	2 Qtrs
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$-94.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.67M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.75M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.16M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.55M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.62M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.05M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.11M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.67M	USD	2 Qtrs
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.87	USD	2 Qtrs
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.24	USD	2 Qtrs
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Weighted average common and common equivalent shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.17M	shares	1 Quarter
Weighted average common and common equivalent shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.16M	shares	2 Qtrs
Weighted average common and common equivalent shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.26M	shares	1 Quarter
Weighted average common and common equivalent shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.24M	shares	2 Qtrs
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.24	USD	2 Qtrs
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.86	USD	2 Qtrs
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Weighted average common and common equivalent shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.39M	shares	2 Qtrs
Weighted average common and common equivalent shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.25M	shares	2 Qtrs
Weighted average common and common equivalent shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.33M	shares	1 Quarter
Weighted average common and common equivalent shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.41M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.04	USD	2 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.04	USD	2 Qtrs

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$20.11M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.13M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.46M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.67M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.86M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.87M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$576.00K	USD	2 Qtrs
Long-term debt prepayment fee	`LongTermDebtPrepaymentFee`	$2.92M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$82.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$305.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$56.39M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$49.29M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.05M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.57M	USD	2 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.05M	USD	2 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.68M	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.12M	USD	2 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$773.00K	USD	2 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$1.61M	USD	2 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-3.04M	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-50.62M	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-21.36M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.51M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.18M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$10.00K	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-5.51M	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-11.16M	USD	2 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$102.92M	USD	2 Qtrs
Deferred financing fees	`PaymentsOfFinancingCosts`	$50.00K	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$613.00K	USD	2 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$135.00K	USD	2 Qtrs
Dividend paid	`PaymentsOfDividends`	$927.00K	USD	2 Qtrs
Dividend paid	`PaymentsOfDividends`	$929.00K	USD	2 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$25.00K	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-316.00K	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-103.74M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-136.27M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-56.45M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$226.77M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$103.25M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$90.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$226.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$103.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.80M	USD	Point-in-time

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