10-Q Filing

COMPX INTERNATIONAL INC CIK: 1049606 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-206662`
Period End Date	20110630
Filing Date	20110803
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	cix-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 58 Cash Flow Statement 59 Stockholders Equity 11

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.92M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$14.60M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$17.63M	USD	Point-in-time
Inventories, net	`InventoryNet`	$18.42M	USD	Point-in-time
Inventories, net	`InventoryNet`	$20.66M	USD	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.17M	USD	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.37M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.37M	USD	Point-in-time
Promissory note receivable	`NotesReceivableNet`	$15.00M	USD	Point-in-time
Promissory note receivable	`NotesReceivableNet`	$15.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$65.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.97M	USD	Point-in-time
Goodwill	`Goodwill`	$31.55M	USD	Point-in-time
Goodwill	`Goodwill`	$31.45M	USD	Point-in-time
Other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$576.00K	USD	Point-in-time
Other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$840.00K	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleOtherNoncurrent`	$2.42M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleOtherNoncurrent`	$2.42M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$113.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$102.00K	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$34.81M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$34.65M	USD	Point-in-time
Land	`Land`	$12.65M	USD	Point-in-time
Land	`Land`	$12.76M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$40.39M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$39.93M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$123.72M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$125.14M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$965.00K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.48M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$177.27M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$179.77M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$117.37M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$121.46M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$59.90M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$58.31M	USD	Point-in-time
Total assets	`Assets`	$155.93M	USD	Point-in-time
Total assets	`Assets`	$160.07M	USD	Point-in-time
Current maturities of note payable to affiliate	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.00M	USD	Point-in-time
Current maturities of note payable to affiliate	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.00M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$16.18M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.52M	USD	Point-in-time
Interest payable to affiliate	`DueToRelatedPartiesCurrent`	$4.00K	USD	Point-in-time
Interest payable to affiliate	`DueToRelatedPartiesCurrent`	$876.00K	USD	Point-in-time
Income taxes payable to affiliate	`RelatedPartyTaxExpenseDueToAffiliatesCurrent1`	$1.09M	USD	Point-in-time
Income taxes payable to affiliate	`RelatedPartyTaxExpenseDueToAffiliatesCurrent1`	$229.00K	USD	Point-in-time
Income taxes	`TaxesPayableCurrent`	$907.00K	USD	Point-in-time
Income taxes	`TaxesPayableCurrent`	$1.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.55M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$36.73M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$44.23M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$14.57M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$11.89M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$8.00K	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$6.00K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$51.31M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$56.12M	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$54.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.01M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$12.30M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$12.78M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$83.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$87.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$160.07M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$155.93M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$67.18M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$34.38M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$35.24M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$70.02M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$51.50M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$49.23M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$25.41M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$25.53M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.86M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.84M	USD	1 Quarter
Gross profit	`GrossProfit`	$18.52M	USD	2 Qtrs
Gross profit	`GrossProfit`	$17.95M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$11.34M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$12.06M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.90M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.54M	USD	1 Quarter
Litigation settlement gain	`GainLossRelatedToLitigationSettlement`	$7.47M	USD	2 Qtrs
Litigation expense	`LegalFees`	$227.00K	USD	2 Qtrs
Litigation expense	`LegalFees`	$1.94M	USD	2 Qtrs
Litigation expense	`LegalFees`	$373.00K	USD	1 Quarter
Facility consolidation costs	`RestructuringCharges`	$1.80M	USD	2 Qtrs
Facility consolidation costs	`RestructuringCharges`	$795.00K	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.90M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$2.94M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.67M	USD	2 Qtrs
Other non-operating income, net	`OtherNonoperatingIncomeExpense`	$257.00K	USD	2 Qtrs
Other non-operating income, net	`OtherNonoperatingIncomeExpense`	$80.00K	USD	1 Quarter
Other non-operating income, net	`OtherNonoperatingIncomeExpense`	$128.00K	USD	1 Quarter
Other non-operating income, net	`OtherNonoperatingIncomeExpense`	$102.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$420.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$223.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$187.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$399.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.36M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.79M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.76M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.08M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.45M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.60M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.13M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$757.00K	USD	2 Qtrs
Basic and diluted income per common share	`EarningsPerShareBasicAndDiluted`	$0.45	USD	2 Qtrs
Basic and diluted income per common share	`EarningsPerShareBasicAndDiluted`	$0.13	USD	1 Quarter
Basic and diluted income per common share	`EarningsPerShareBasicAndDiluted`	$0.06	USD	2 Qtrs
Basic and diluted income per common share	`EarningsPerShareBasicAndDiluted`	$0.14	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Shares used in the calculation of basic and diluted income per share	`Weightedaveragenumberofsharesoutstandingbasicanddiluted1`	12.37M	shares	2 Qtrs
Shares used in the calculation of basic and diluted income per share	`Weightedaveragenumberofsharesoutstandingbasicanddiluted1`	12.38M	shares	2 Qtrs
Shares used in the calculation of basic and diluted income per share	`Weightedaveragenumberofsharesoutstandingbasicanddiluted1`	12.37M	shares	1 Quarter
Shares used in the calculation of basic and diluted income per share	`Weightedaveragenumberofsharesoutstandingbasicanddiluted1`	12.38M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$757.00K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.42M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.92M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.56M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$462.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncome`	$319.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncome`	$463.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.95M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.21M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$2.10M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$2.33M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$640.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.78M	USD	2 Qtrs
Accounts with affiliates	`IncreaseDecreaseInDueFromRelatedParties`	$-804.00K	USD	2 Qtrs
Accounts with affiliates	`IncreaseDecreaseInDueFromRelatedParties`	$2.40M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$332.00K	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$876.00K	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.10M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-622.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.06M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.83M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.27M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.21M	USD	2 Qtrs
Advances	`PaymentsForAdvanceToAffiliate`	$9.00M	USD	2 Qtrs
Collections	`ProceedsFromCollectionOfAdvanceToAffiliate`	$9.00M	USD	2 Qtrs
Purchase of promissory note receivable	`PaymentsToAcquireNotesReceivable`	$15.00M	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.21M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.17M	USD	2 Qtrs
Borrowing under long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$5.00M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$3.00M	USD	2 Qtrs
Repayment of loan from affiliate	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-4.50M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.10M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.09M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$171.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-28.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.88M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.42M	USD	2 Qtrs
Operating, investing and financing activities	`NetCashUsedInProvidedByOperatingInvestingAndFinancingActivities`	$-13.27M	USD	2 Qtrs
Operating, investing and financing activities	`NetCashUsedInProvidedByOperatingInvestingAndFinancingActivities`	$-8.77M	USD	2 Qtrs
Currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$86.00K	USD	2 Qtrs
Currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.79M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.92M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.92M	USD	Point-in-time
Interest	`InterestPaid`	$1.24M	USD	2 Qtrs
Interest	`InterestPaid`	$105.00K	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$3.53M	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$407.00K	USD	2 Qtrs
Non-cash investing and financing activity - Accrual for capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$146.00K	USD	2 Qtrs
Non-cash investing and financing activity - Accrual for capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$58.00K	USD	2 Qtrs

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$83.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$87.07M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$757.00K	USD	2 Qtrs
Other comprehensive income, net	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$481.00K	USD	2 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$171.00K	USD	2 Qtrs
Cash dividends	`DividendsCash`	$3.10M	USD	2 Qtrs
Balance	`StockholdersEquity`	$83.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$87.07M	USD	Point-in-time

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