10-Q Filing

MYERS INDUSTRIES INC CIK: 69488 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-092716`
Period End Date	20110930
Filing Date	20111028
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	mye-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 44 Cash Flow Statement 64 Stockholders Equity 12

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$5.82M	USD	Point-in-time
Cash	`Cash`	$4.71M	USD	Point-in-time
Cash	`Cash`	$4.73M	USD	Point-in-time
Allowances for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.95M	USD	Point-in-time
Allowances for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.13M	USD	Point-in-time
Cash	`Cash`	$2.85M	USD	Point-in-time
Accounts receivable-less allowances of $4,126 and $2,950, respectively	`AccountsReceivableNetCurrent`	$101.30M	USD	Point-in-time
Accounts receivable-less allowances of $4,126 and $2,950, respectively	`AccountsReceivableNetCurrent`	$98.80M	USD	Point-in-time
Preferred Shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Finished and in-process products	`InventoryFinishedGoodsAndWorkInProcess`	$75.10M	USD	Point-in-time
Finished and in-process products	`InventoryFinishedGoodsAndWorkInProcess`	$67.58M	USD	Point-in-time
Preferred Shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$28.82M	USD	Point-in-time
Preferred Shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$28.60M	USD	Point-in-time
Inventory net	`InventoryNet`	$96.40M	USD	Point-in-time
Preferred Shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Inventory net	`InventoryNet`	$103.69M	USD	Point-in-time
Preferred Shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.16M	USD	Point-in-time
Common Shares, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.75M	USD	Point-in-time
Common Shares, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.78M	USD	Point-in-time
Common Shares, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common Shares, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$4.84M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$213.85M	USD	Point-in-time
Common Shares, shares outstanding	`CommonStockSharesOutstanding`	33.57M	shares	Point-in-time
Common Shares, shares outstanding	`CommonStockSharesOutstanding`	35.32M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$218.44M	USD	Point-in-time
Treasury Shares, shares	`TreasuryStockShares`	2.59M	shares	Point-in-time
Treasury Shares, shares	`TreasuryStockShares`	4.34M	shares	Point-in-time
Goodwill	`Goodwill`	$44.52M	USD	Point-in-time
Goodwill	`Goodwill`	$40.89M	USD	Point-in-time
Patents and other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$18.67M	USD	Point-in-time
Patents and other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$17.73M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$7.17M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$7.74M	USD	Point-in-time
Total other non current assets	`AssetsNoncurrent`	$69.98M	USD	Point-in-time
Total other non current assets	`AssetsNoncurrent`	$66.73M	USD	Point-in-time
Land	`Land`	$4.12M	USD	Point-in-time
Land	`Land`	$4.37M	USD	Point-in-time
Buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$59.69M	USD	Point-in-time
Buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$55.66M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$386.72M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$383.66M	USD	Point-in-time
Property, Plant and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$447.72M	USD	Point-in-time
Property, Plant and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$446.51M	USD	Point-in-time
Less allowances for depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$295.91M	USD	Point-in-time
Less allowances for depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$309.01M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$151.81M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$137.50M	USD	Point-in-time
Total Assets	`Assets`	$425.92M	USD	Point-in-time
Total Assets	`Assets`	$432.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$60.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.14M	USD	Point-in-time
Employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$20.38M	USD	Point-in-time
Employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$18.29M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$5.89M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$3.46M	USD	Point-in-time
Taxes, other than income taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$1.97M	USD	Point-in-time
Taxes, other than income taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$2.68M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$844.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$195.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$17.09M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$15.53M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$305.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$305.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$105.71M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$106.33M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$79.92M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$83.53M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$5.94M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$24.79M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$24.17M	USD	Point-in-time
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Common Shares, without par value (authorized 60,000,000 shares; outstanding 33,572,151 and 35,315,732; net of treasury shares of 4,340,506 and 2,592,175, respectively)	`CommonStockValue`	$20.41M	USD	Point-in-time
Common Shares, without par value (authorized 60,000,000 shares; outstanding 33,572,151 and 35,315,732; net of treasury shares of 4,340,506 and 2,592,175, respectively)	`CommonStockValue`	$21.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$266.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$281.38M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.62M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.16M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-90.02M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-101.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$211.81M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$203.01M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$432.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$425.92M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$187.04M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$190.04M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$560.29M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$549.37M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$429.03M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$416.73M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$142.54M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$145.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$143.56M	USD	3 Qtrs
Gross profit	`GrossProfit`	$120.34M	USD	3 Qtrs
Gross profit	`GrossProfit`	$41.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$47.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$115.26M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$35.18M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$103.58M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.24M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.77M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$28.30M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$6.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.26M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$5.37M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$1.72M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$3.65M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$1.26M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$24.65M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.39M	USD	3 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$3.74M	USD	3 Qtrs
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-1.22M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$1.35M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$6.05M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$3.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.59M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.65M	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.09	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.21	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.53	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.22	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.21	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.59M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.65M	USD	3 Qtrs
Depreciation	`Depreciation`	$22.48M	USD	3 Qtrs
Depreciation	`Depreciation`	$24.10M	USD	3 Qtrs
Impairment charges and asset write-offs	`AssetImpairmentCharges`	-	USD	3 Qtrs
Impairment charges and asset write-offs	`AssetImpairmentCharges`	$814.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.22M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.21M	USD	3 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$1.80M	USD	3 Qtrs
Non-cash stock compensation	`ShareBasedCompensation`	$2.15M	USD	3 Qtrs
Provision for loss on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.18M	USD	3 Qtrs
Provision for loss on accounts receivable	`ProvisionForDoubtfulAccounts`	$557.00K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-930.00K	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$635.00K	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$3.02M	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$51.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$733.00K	USD	3 Qtrs
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$591.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	-	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-50.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.37M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.02M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.76M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-5.01M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.29M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.44M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.63M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-422.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.24M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.54M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.51M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.34M	USD	3 Qtrs
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.10M	USD	3 Qtrs
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$411.00K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.08M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.21M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$92.00K	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-209.00K	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.45M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.50M	USD	3 Qtrs
Net (repayment) borrowing on credit facility	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$-3.21M	USD	3 Qtrs
Net (repayment) borrowing on credit facility	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$2.70M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$7.16M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$6.92M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$103.00K	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$173.00K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$18.82M	USD	3 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.11M	USD	3 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-29.02M	USD	3 Qtrs
Foreign Exchange Rate Effect on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$371.00K	USD	3 Qtrs
Foreign Exchange Rate Effect on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$163.00K	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.85M	USD	3 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.09M	USD	3 Qtrs
Cash at January 1	`Cash`	$5.82M	USD	Point-in-time
Cash at January 1	`Cash`	$4.71M	USD	Point-in-time
Cash at January 1	`Cash`	$4.73M	USD	Point-in-time
Cash at January 1	`Cash`	$2.85M	USD	Point-in-time
Cash at September 30	`Cash`	$5.82M	USD	Point-in-time
Cash at September 30	`Cash`	$4.71M	USD	Point-in-time
Cash at September 30	`Cash`	$4.73M	USD	Point-in-time
Cash at September 30	`Cash`	$2.85M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.20	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.21	USD	3 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Balance	`StockholdersEquity`	$211.81M	USD	Point-in-time
Balance	`StockholdersEquity`	$203.01M	USD	Point-in-time
Net income	`NetIncomeLoss`	$3.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.59M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$7.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.65M	USD	3 Qtrs
Balance	`StockholdersEquity`	$211.81M	USD	Point-in-time
Balance	`StockholdersEquity`	$203.01M	USD	Point-in-time

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