10-Q Filing

ESCO TECHNOLOGIES INC CIK: 866706 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-080057`
Period End Date	20151231
Filing Date	20160209
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	ese-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 24 Cash Flow Statement 52 Comprehensive Income 10

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Costs and estimated earnings on long-term contracts, progress billings	`ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms`	$49.30M	USD	Point-in-time
Costs and estimated earnings on long-term contracts, progress billings	`ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms`	$25.31M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$76.73M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$78.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.13M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$48.99M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$46.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.41M	USD	Point-in-time
Advance payments on long-term contracts, costs incurred	`AmountOfDeferredCostsRelatedToLongTermContracts`	$35.52M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$102.61M	USD	Point-in-time
Advance payments on long-term contracts, costs incurred	`AmountOfDeferredCostsRelatedToLongTermContracts`	$49.78M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$101.19M	USD	Point-in-time
Costs and estimated earnings on long-term contracts, less progress billings of $49,305 and $25,309, respectively	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$28.39M	USD	Point-in-time
Costs and estimated earnings on long-term contracts, less progress billings of $49,305 and $25,309, respectively	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$30.85M	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
Inventories	`InventoryNet`	$99.79M	USD	Point-in-time
Inventories	`InventoryNet`	$104.26M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Current portion of deferred tax assets	`DeferredTaxAssetsNetCurrent`	$15.56M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Current portion of deferred tax assets	`DeferredTaxAssetsNetCurrent`	$15.63M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$9.07M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$298.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$300.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.36M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.36M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.54M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.54M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $78,476 and $76,727, respectively	`PropertyPlantAndEquipmentGross`	$77.36M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $78,476 and $76,727, respectively	`PropertyPlantAndEquipmentGross`	$80.94M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $48,986 and $46,292, respectively	`IntangibleAssetsNetExcludingGoodwill`	$190.75M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $48,986 and $46,292, respectively	`IntangibleAssetsNetExcludingGoodwill`	$193.27M	USD	Point-in-time
Goodwill	`Goodwill`	$295.56M	USD	Point-in-time
Goodwill	`Goodwill`	$291.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.78M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.69M	USD	Point-in-time
Total assets	`Assets`	$864.21M	USD	Point-in-time
Total assets	`Assets`	$878.38M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$20.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$20.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$37.86M	USD	Point-in-time
Advance payments on long-term contracts, less costs incurred of $35,519 and $49,779, respectively	`BillingsInExcessOfCost`	$17.23M	USD	Point-in-time
Advance payments on long-term contracts, less costs incurred of $35,519 and $49,779, respectively	`BillingsInExcessOfCost`	$18.63M	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$23.37M	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$15.26M	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$21.50M	USD	Point-in-time
Current portion of deferred revenue	`DeferredRevenueCurrent`	$22.26M	USD	Point-in-time
Accrued other expenses	`OtherAccruedLiabilitiesCurrent`	$21.85M	USD	Point-in-time
Accrued other expenses	`OtherAccruedLiabilitiesCurrent`	$24.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$128.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$143.21M	USD	Point-in-time
Pension obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$30.64M	USD	Point-in-time
Pension obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$30.38M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$74.47M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$75.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.96M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.07M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$50.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$30.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$280.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$287.25M	USD	Point-in-time
Preferred stock, par value $.01 per share, authorized 10,000,000 shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.01 per share, authorized 10,000,000 shares	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.01 per share, authorized 50,000,000 shares, issued 30,358,864 and 30,358,864 shares, respectively	`CommonStockValue`	$304.00K	USD	Point-in-time
Common stock, par value $.01 per share, authorized 50,000,000 shares, issued 30,358,864 and 30,358,864 shares, respectively	`CommonStockValue`	$304.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$286.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$287.69M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$440.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$433.63M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-33.61M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-32.54M	USD	Point-in-time
Total stockholders' equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$687.88M	USD	Point-in-time
Total stockholders' equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$694.78M	USD	Point-in-time
Less treasury stock, at cost: 4,538,614 and 4,542,214 common shares, respectively	`TreasuryStockValue`	$103.70M	USD	Point-in-time
Less treasury stock, at cost: 4,538,614 and 4,542,214 common shares, respectively	`TreasuryStockValue`	$103.64M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$591.14M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$584.18M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$878.38M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$864.21M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$120.55M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$132.83M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$80.05M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$71.62M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.29M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.50M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.69M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.87M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-195.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-229.00K	USD	1 Quarter
Other expenses (income), net	`OtherOperatingIncomeExpenseNet`	$221.00K	USD	1 Quarter
Other expenses (income), net	`OtherOperatingIncomeExpenseNet`	$-3.60M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$119.86M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$106.97M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.57M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.97M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.55M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.14M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.83M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.02M	USD	1 Quarter
Basic - Net earnings	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Basic - Net earnings	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Diluted - Net earnings	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Diluted - Net earnings	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$8.83M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.36M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$1.25M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$1.33M	USD	1 Quarter
Changes in assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$13.93M	USD	1 Quarter
Changes in assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$16.93M	USD	1 Quarter
Effect of deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.26M	USD	1 Quarter
Effect of deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$624.00K	USD	1 Quarter
Change in deferred revenue and costs, net	`ChangeInDeferredRevenueAndCostsNet`	$-2.80M	USD	1 Quarter
Change in deferred revenue and costs, net	`ChangeInDeferredRevenueAndCostsNet`	$1.29M	USD	1 Quarter
Pension contributions	`PensionContributions`	$620.00K	USD	1 Quarter
Pension contributions	`PensionContributions`	-	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-208.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-213.00K	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-957.00K	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.34M	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$12.41M	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Additions to capitalized software	`PaymentsToAcquireSoftware`	$1.61M	USD	1 Quarter
Additions to capitalized software	`PaymentsToAcquireSoftware`	$1.71M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.53M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.75M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-16.87M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.15M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$33.00M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$45.00M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$13.00M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$25.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.10M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.06M	USD	1 Quarter
Purchases of common stock into treasury	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchases of common stock into treasury	`PaymentsForRepurchaseOfCommonStock`	$6.36M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$950.00K	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-46.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$16.98M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$11.49M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.90M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.04M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$414.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.48M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.83M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.61M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$35.13M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.41M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.83M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.61M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$35.13M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.41M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$8.83M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.02M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.46M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.14M	USD	1 Quarter
Net unrealized gain (loss) on derivative instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-63.00K	USD	1 Quarter
Net unrealized gain (loss) on derivative instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	-	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.46M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.07M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.56M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.75M	USD	1 Quarter

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