10-Q Filing

MSC INDUSTRIAL DIRECT CO INC CIK: 1003078 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001003078-18-000011`
Period End Date	20171130
Filing Date	20180110
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	msm-20171202.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 34 Cash Flow Statement 64 Stockholders Equity 14 Comprehensive Income 6

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.28M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.38M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.12M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $13,385 and $13,278, respectively	`AccountsReceivableNetCurrent`	$479.39M	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
Accounts receivable, net of allowance for doubtful accounts of $13,385 and $13,278, respectively	`AccountsReceivableNetCurrent`	$471.80M	USD	Point-in-time
Inventories	`InventoryNet`	$464.96M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$469.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$54.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$52.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.02B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.01B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$311.85M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$316.31M	USD	Point-in-time
Goodwill	`Goodwill`	$633.53M	USD	Point-in-time
Goodwill	`Goodwill`	$633.73M	USD	Point-in-time
Identifiable intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$107.73M	USD	Point-in-time
Identifiable intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$110.43M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$32.87M	USD	Point-in-time
Class A treasury stock, at cost, shares	`TreasuryStockShares`	8.97M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$31.59M	USD	Point-in-time
Class A treasury stock, at cost, shares	`TreasuryStockShares`	9.01M	shares	Point-in-time
Total assets	`Assets`	$2.11B	USD	Point-in-time
Total assets	`Assets`	$2.10B	USD	Point-in-time
Short-term debt	`DebtCurrent`	$291.68M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$331.99M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.27M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$124.92M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$115.53M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$104.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$532.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$557.73M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$200.99M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$201.00M	USD	Point-in-time
Deferred income taxes and tax uncertainties	`DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent`	$115.06M	USD	Point-in-time
Deferred income taxes and tax uncertainties	`DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent`	$115.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$873.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$848.18M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock; $0.001 par value; 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $0.001 par value; 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$633.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$627.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.17B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.20B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.26M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.11M	USD	Point-in-time
Class A treasury stock, at cost, 9,010,839 and 8,972,729 shares, respectively	`TreasuryStockValue`	$553.47M	USD	Point-in-time
Class A treasury stock, at cost, 9,010,839 and 8,972,729 shares, respectively	`TreasuryStockValue`	$557.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.23B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.26B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.10B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.11B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$768.56M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$686.27M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$377.54M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$433.49M	USD	1 Quarter
Gross profit	`GrossProfit`	$335.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$308.74M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$235.79M	USD	1 Quarter
Operating expenses	`OperatingExpenses`	$218.13M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$99.28M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$90.60M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.93M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.24M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$163.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$163.00K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-284.00K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-408.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-3.06M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-3.48M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$95.80M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$87.55M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$33.26M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$36.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.29M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.06	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.96	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	56.29M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	56.38M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.61M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.50M	shares	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.45	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.48	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$59.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.75M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.54M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.89M	USD	1 Quarter
Loss on disposal of property, plant, and equipment	`GainLossOnDispositionOfAssets`	$-126.00K	USD	1 Quarter
Loss on disposal of property, plant, and equipment	`GainLossOnDispositionOfAssets`	$-49.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.70M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.30M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.02M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.29M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.30M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.26M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.66M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.79M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$465.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.25M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.89M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.33M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$21.67M	USD	1 Quarter
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$22.39M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$75.96M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$81.98M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.03M	USD	1 Quarter
Expenditures for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.50M	USD	1 Quarter
Cash used in business acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$738.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.77M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-12.50M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.21M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.02M	USD	1 Quarter
Payments of cash dividends	`PaymentsOfOrdinaryDividends`	$25.50M	USD	1 Quarter
Payments of cash dividends	`PaymentsOfOrdinaryDividends`	$27.09M	USD	1 Quarter
Payments on capital lease and financing obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$115.00K	USD	1 Quarter
Payments on capital lease and financing obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$388.00K	USD	1 Quarter
Proceeds from sale of Class A common stock in connection with associate stock purchase plan	`ProceedsFromStockPlans`	$959.00K	USD	1 Quarter
Proceeds from sale of Class A common stock in connection with associate stock purchase plan	`ProceedsFromStockPlans`	$909.00K	USD	1 Quarter
Proceeds from exercise of Class A common stock options	`ProceedsFromStockOptionsExercised`	$6.93M	USD	1 Quarter
Proceeds from exercise of Class A common stock options	`ProceedsFromStockOptionsExercised`	$2.40M	USD	1 Quarter
Borrowings under financing obligations	`ProceedsFromNotesPayable`	$739.00K	USD	1 Quarter
Borrowings under financing obligations	`ProceedsFromNotesPayable`	$721.00K	USD	1 Quarter
Borrowings under Credit Facility	`ProceedsFromLinesOfCredit`	$15.00M	USD	1 Quarter
Borrowings under Credit Facility	`ProceedsFromLinesOfCredit`	$24.00M	USD	1 Quarter
Private Placement Loan financing costs	`PaymentsOfLoanCosts`	$142.00K	USD	1 Quarter
Payments of notes payable and revolving credit note under the Credit Facility	`RepaymentsOfShortTermDebt`	$65.00M	USD	1 Quarter
Payments of notes payable and revolving credit note under the Credit Facility	`RepaymentsOfShortTermDebt`	$78.50M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-84.15M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-68.14M	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$91.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-78.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.77M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.17M	USD	1 Quarter
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$52.89M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.08M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.25M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.12M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$52.89M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$16.08M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$20.25M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$32.12M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$1.98M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$1.76M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$2.07M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$1.40M	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance, Value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance, Value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Exchange of Class B common stock for Class A common stock, value	`StockExchangedDuringPeriodClassOfStockValue`	$-1.00K	USD	1 Quarter
Exercise of common stock options, Value	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.40M	USD	1 Quarter
Common stock issued under associate stock purchase plan, Value	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$959.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.89M	USD	1 Quarter
Repurchases of common stock, Value	`TreasuryStockValueAcquiredCostMethod`	$4.02M	USD	1 Quarter
Dividend equivalent units declared, net of cancellations	`DividendsShareBasedCompensation`	$182.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.55M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-843.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.59M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.29M	USD	1 Quarter
Balance, Value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance, Value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income, as reported	`NetIncomeLoss`	$59.59M	USD	1 Quarter
Net income, as reported	`NetIncomeLoss`	$54.29M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.55M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-843.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$58.74M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$52.74M	USD	1 Quarter

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