10-Q Filing

ACUITY INC. (DE) CIK: 1144215 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144215-15-000004`
Period End Date	20141130
Filing Date	20150109
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	ayi-20141130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 44 Cash Flow Statement 56

Balance Sheet 96 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$398.10M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$583.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$359.10M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$552.50M	USD	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $1.6 and $1.9 as of November 30, 2014 and August 31, 2014, respectively	`AccountsReceivableNetCurrent`	$371.80M	USD	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $1.6 and $1.9 as of November 30, 2014 and August 31, 2014, respectively	`AccountsReceivableNetCurrent`	$373.40M	USD	Point-in-time
Inventories	`InventoryNet`	$212.00M	USD	Point-in-time
Inventories	`InventoryNet`	$214.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$21.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$20.80M	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
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.30M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.70M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.19B	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
Total Current Assets	`AssetsCurrent`	$1.23B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Land	`Land`	$7.80M	USD	Point-in-time
Land	`Land`	$7.30M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.82M	shares	Point-in-time
Buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$116.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	52.58M	shares	Point-in-time
Buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$115.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.86M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.11M	shares	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$375.80M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$390.40M	USD	Point-in-time
Total Property, Plant, and Equipment	`PropertyPlantAndEquipmentGross`	$513.50M	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	9.72M	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	9.72M	shares	Point-in-time
Total Property, Plant, and Equipment	`PropertyPlantAndEquipmentGross`	$499.60M	USD	Point-in-time
Less Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$347.10M	USD	Point-in-time
Less Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$352.80M	USD	Point-in-time
Property, Plant, and Equipment, net	`PropertyPlantAndEquipmentNet`	$160.70M	USD	Point-in-time
Property, Plant, and Equipment, net	`PropertyPlantAndEquipmentNet`	$152.50M	USD	Point-in-time
Goodwill	`Goodwill`	$567.90M	USD	Point-in-time
Goodwill	`Goodwill`	$569.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$231.60M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$227.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.40M	USD	Point-in-time
Other long-term assets	`OtherLongTermAssets`	$24.90M	USD	Point-in-time
Other long-term assets	`OtherLongTermAssets`	$21.00M	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$819.90M	USD	Point-in-time
Total Other Assets	`AssetsNoncurrent`	$828.90M	USD	Point-in-time
Total Assets	`Assets`	$2.17B	USD	Point-in-time
Total Assets	`Assets`	$2.21B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$287.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$277.50M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$41.10M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$54.80M	USD	Point-in-time
Accrued pension liabilities, current	`PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities`	$1.20M	USD	Point-in-time
Accrued pension liabilities, current	`PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities`	$1.20M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$127.10M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$133.80M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$453.60M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$470.50M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$353.60M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$353.60M	USD	Point-in-time
Accrued Pension Liabilities, less current portion	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$62.10M	USD	Point-in-time
Accrued Pension Liabilities, less current portion	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$65.10M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$58.40M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$58.40M	USD	Point-in-time
Self-Insurance Reserves, less current portion	`SelfInsuranceReserveNoncurrent`	$7.20M	USD	Point-in-time
Self-Insurance Reserves, less current portion	`SelfInsuranceReserveNoncurrent`	$6.80M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$60.50M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$50.20M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.00B	USD	Point-in-time
Total Liabilities	`Liabilities`	$995.40M	USD	Point-in-time
Commitments and Contingencies (see Commitments and Contingencies footnote)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (see Commitments and Contingencies footnote)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 50,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 50,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized; 52,824,677 issued and 43,105,422 outstanding at November 30, 2014; 52,581,917 issued and 42,862,662 outstanding at August 31, 2014	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized; 52,824,677 issued and 43,105,422 outstanding at November 30, 2014; 52,581,917 issued and 42,862,662 outstanding at August 31, 2014	`CommonStockValue`	$500.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$761.50M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$770.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$939.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$893.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-79.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-71.90M	USD	Point-in-time
Treasury stock, at cost, 9,719,255 shares at November 30, 2014 and August 31, 2014	`TreasuryStockValue`	$420.20M	USD	Point-in-time
Treasury stock, at cost, 9,719,255 shares at November 30, 2014 and August 31, 2014	`TreasuryStockValue`	$420.20M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.16B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.21B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.21B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$2.17B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueGoodsNet`	$647.40M	USD	1 Quarter
Net Sales	`SalesRevenueGoodsNet`	$574.70M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$337.60M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$374.40M	USD	1 Quarter
Gross Profit	`GrossProfit`	$273.00M	USD	1 Quarter
Gross Profit	`GrossProfit`	$237.10M	USD	1 Quarter
Selling, Distribution, and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$159.70M	USD	1 Quarter
Selling, Distribution, and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$176.30M	USD	1 Quarter
Special Charge	`RestructuringCharges`	-	USD	1 Quarter
Special Charge	`RestructuringCharges`	$10.00M	USD	1 Quarter
Operating Profit	`OperatingIncomeLoss`	$77.40M	USD	1 Quarter
Operating Profit	`OperatingIncomeLoss`	$86.70M	USD	1 Quarter
Interest Expense, net	`InterestRevenueExpenseNet`	$-8.00M	USD	1 Quarter
Interest Expense, net	`InterestRevenueExpenseNet`	$-7.90M	USD	1 Quarter
Miscellaneous (Income)/Expense, net	`OtherNonoperatingIncomeExpense`	$-600.00K	USD	1 Quarter
Miscellaneous (Income)/Expense, net	`OtherNonoperatingIncomeExpense`	$900.00K	USD	1 Quarter
Total Other Expense	`OtherNonoperatingExpenses`	$-8.60M	USD	1 Quarter
Total Other Expense	`OtherNonoperatingExpenses`	$-7.00M	USD	1 Quarter
Income before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$68.80M	USD	1 Quarter
Income before Provision for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$79.70M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$24.30M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$28.60M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$51.10M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$44.50M	USD	1 Quarter
Basic Earnings per Share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.18	USD	1 Quarter
Basic Earnings per Share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.03	USD	1 Quarter
Basic Weighted Average Number of Shares Outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.00M	shares	1 Quarter
Basic Weighted Average Number of Shares Outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.60M	shares	1 Quarter
Diluted Earnings per Share (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.03	USD	1 Quarter
Diluted Earnings per Share (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.17	USD	1 Quarter
Diluted Weighted Average Number of Shares Outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.90M	shares	1 Quarter
Diluted Weighted Average Number of Shares Outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.30M	shares	1 Quarter
Dividends Declared per Share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter
Dividends Declared per Share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$44.50M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-7.20M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.30M	USD	1 Quarter
Defined benefit pension plans, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-600.00K	USD	1 Quarter
Defined benefit pension plans, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$100.00K	USD	1 Quarter
Other Comprehensive Income/(Expense), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.90M	USD	1 Quarter
Other Comprehensive Income/(Expense), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-7.30M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$43.80M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$47.40M	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$51.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$44.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.30M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$4.50M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$4.10M	USD	1 Quarter
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$5.20M	USD	1 Quarter
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$9.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$400.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$800.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$700.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.90M	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.80M	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.70M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.80M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.40M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$6.70M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$19.80M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.50M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.50M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$46.70M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$43.40M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.50M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.50M	USD	1 Quarter
Proceeds from sale of property, plant, and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property, plant, and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$900.00K	USD	1 Quarter
Net Cash Used for Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.50M	USD	1 Quarter
Net Cash Used for Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.60M	USD	1 Quarter
Proceeds from stock option exercises and other	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.60M	USD	1 Quarter
Proceeds from stock option exercises and other	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$4.90M	USD	1 Quarter
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$5.20M	USD	1 Quarter
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$9.20M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.60M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.60M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.20M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$5.30M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.20M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.00M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.00M	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$39.00M	USD	1 Quarter
Net Change in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.50M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$398.10M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$583.00M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$359.10M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$552.50M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$398.10M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$583.00M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$359.10M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$552.50M	USD	Point-in-time
Income taxes paid during the period	`IncomeTaxesPaid`	$17.10M	USD	1 Quarter
Income taxes paid during the period	`IncomeTaxesPaid`	$13.40M	USD	1 Quarter
Interest paid during the period	`InterestPaid`	$10.70M	USD	1 Quarter
Interest paid during the period	`InterestPaid`	$10.50M	USD	1 Quarter

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