10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0000950123-11-094822`
Period End Date	20110930
Filing Date	20111103
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	wire-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 56 Cash Flow Statement 51

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.17M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.58M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$226.77M	USD	Point-in-time
Accounts receivable (net of allowance of $2,102 and $2,582)	`AccountsReceivableNetCurrent`	$190.36M	USD	Point-in-time
Accounts receivable (net of allowance of $2,102 and $2,582)	`AccountsReceivableNetCurrent`	$259.95M	USD	Point-in-time
Inventories	`InventoryNet`	$42.10M	USD	Point-in-time
Inventories	`InventoryNet`	$76.77M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$4.34M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	-	USD	Point-in-time
Deferred income taxes	`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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$1.89M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssets`	$6.43M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$342.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$362.65M	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
Land and land improvements	`LandAndLandImprovements`	$17.97M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.37M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.58M	shares	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$15.56M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.16M	shares	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$10.18M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.15M	shares	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$69.44M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$75.61M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$182.90M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$174.92M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$7.07M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$7.47M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$294.13M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$284.96M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$149.97M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$158.55M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$134.99M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$135.58M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$194.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$194.00K	USD	Point-in-time
Total assets	`Assets`	$498.43M	USD	Point-in-time
Total assets	`Assets`	$477.28M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$32.90M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$16.65M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$23.19M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$25.65M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.06M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$484.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$42.78M	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`	$13.93M	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 - 26,579,053 and 26,366,752	`CommonStockValue`	$264.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 40,000,000; Issued shares - 26,579,053 and 26,366,752	`CommonStockValue`	$266.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$47.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$45.04M	USD	Point-in-time
Treasury stock, at cost - 3,160,401 and 3,150,277 shares	`TreasuryStockValue`	$21.50M	USD	Point-in-time
Treasury stock, at cost - 3,160,401 and 3,150,277 shares	`TreasuryStockValue`	$21.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$415.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$383.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$441.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$407.38M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$477.28M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$498.43M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$242.75M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$654.07M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$319.36M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$932.18M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$219.98M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$593.79M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$829.95M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$281.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.28M	USD	3 Qtrs
Gross profit	`GrossProfit`	$37.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.77M	USD	1 Quarter
Gross profit	`GrossProfit`	$102.23M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.66M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.51M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.56M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$16.42M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$51.57M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$21.42M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$18.73M	USD	3 Qtrs
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$-73.00K	USD	1 Quarter
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$-2.87M	USD	3 Qtrs
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$-88.00K	USD	1 Quarter
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$-83.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$51.49M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.86M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.33M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.19M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.65M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.09M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.61M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.84M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.76M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.72M	USD	1 Quarter
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$1.45	USD	3 Qtrs
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.46	USD	3 Qtrs
Weighted average common and common equivalent shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.26M	shares	3 Qtrs
Weighted average common and common equivalent shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.19M	shares	1 Quarter
Weighted average common and common equivalent shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.17M	shares	3 Qtrs
Weighted average common and common equivalent shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.29M	shares	1 Quarter
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.46	USD	3 Qtrs
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$1.45	USD	3 Qtrs
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Weighted average common and common equivalent shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.39M	shares	3 Qtrs
Weighted average common and common equivalent shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.34M	shares	1 Quarter
Weighted average common and common equivalent shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.40M	shares	1 Quarter
Weighted average common and common equivalent shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.28M	shares	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.84M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$10.76M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.72M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.23M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.29M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$7.15M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.73M	USD	3 Qtrs
Long-term debt prepayment fee	`LongTermDebtPrepaymentFee`	$2.92M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-57.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$817.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$62.78M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$69.11M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-817.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$34.66M	USD	3 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.79M	USD	3 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.39M	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-117.00K	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$4.56M	USD	3 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-6.31M	USD	3 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$6.97M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-17.19M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-78.02M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.30M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.28M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$8.06M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$78.00K	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-15.22M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-10.22M	USD	3 Qtrs
Repayment of notes payable	`RepaymentsOfNotesPayable`	$102.92M	USD	3 Qtrs
Deferred financing fees	`PaymentsOfFinancingCosts`	$50.00K	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$25.00K	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$202.00K	USD	3 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$380.00K	USD	3 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.66M	USD	3 Qtrs
Dividend paid	`PaymentsOfDividends`	$1.39M	USD	3 Qtrs
Dividend paid	`PaymentsOfDividends`	$1.39M	USD	3 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$93.00K	USD	3 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$56.00K	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$160.00K	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-103.95M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-136.36M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-88.08M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.17M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$90.41M	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`	$226.77M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$90.41M	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`	$226.77M	USD	Point-in-time

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