10-Q Filing

COLEMAN CABLE, INC. CIK: 1323653 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-211899`
Period End Date	20110630
Filing Date	20110805
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	ccix-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 67 Cash Flow Statement 68

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivable`	$2.48M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivable`	$2.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.70M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.60M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.45M	USD	Point-in-time
Accounts receivable, net of allowances of $2,476 and $2,491, respectively	`AccountsReceivableNetCurrent`	$110.77M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Accounts receivable, net of allowances of $2,476 and $2,491, respectively	`AccountsReceivableNetCurrent`	$132.21M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Inventories	`InventoryNet`	$81.13M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.13M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.94M	shares	Point-in-time
Inventories	`InventoryNet`	$118.53M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.83M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.94M	shares	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$546.00K	USD	Point-in-time
Assets held for sale	`AssetsHeldForSaleCurrent`	$546.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$232.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$265.52M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$54.71M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$45.73M	USD	Point-in-time
GOODWILL	`Goodwill`	$29.13M	USD	Point-in-time
GOODWILL	`Goodwill`	$56.91M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$31.91M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$23.76M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$301.00K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$429.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$9.35M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$7.31M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$341.11M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$416.79M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$4.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$7.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.02M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$31.89M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$30.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$65.96M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$322.41M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$271.82M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$3.31M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$4.26M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$3.04M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$1.59M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.001; 75,000 authorized; 17,132 and 16,939 issued and outstanding on June 30, 2011 and December 31, 2010	`CommonStockValue`	$17.00K	USD	Point-in-time
Common stock, par value $0.001; 75,000 authorized; 17,132 and 16,939 issued and outstanding on June 30, 2011 and December 31, 2010	`CommonStockValue`	$17.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$91.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$90.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-69.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-79.26M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$295.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$11.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$22.08M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$341.11M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$416.79M	USD	Point-in-time

Income Statement 67 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$174.01M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$219.85M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$425.65M	USD	2 Qtrs
NET SALES	`SalesRevenueNet`	$329.99M	USD	2 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$363.38M	USD	2 Qtrs
COST OF GOODS SOLD	`CostOfGoodsSold`	$187.61M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$148.01M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$281.16M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$62.27M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$32.24M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$48.84M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$26.00M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$23.06M	USD	2 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$17.64M	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$31.49M	USD	2 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$11.85M	USD	1 Quarter
INTANGIBLE ASSET AMORTIZATION	`AmortizationOfIntangibleAssets`	$3.62M	USD	2 Qtrs
INTANGIBLE ASSET AMORTIZATION	`AmortizationOfIntangibleAssets`	$3.33M	USD	2 Qtrs
INTANGIBLE ASSET AMORTIZATION	`AmortizationOfIntangibleAssets`	$1.75M	USD	1 Quarter
INTANGIBLE ASSET AMORTIZATION	`AmortizationOfIntangibleAssets`	$1.61M	USD	1 Quarter
RESTRUCTURING CHARGES	`RestructuringCharges`	$436.00K	USD	1 Quarter
RESTRUCTURING CHARGES	`RestructuringCharges`	$1.32M	USD	2 Qtrs
RESTRUCTURING CHARGES	`RestructuringCharges`	$195.00K	USD	1 Quarter
RESTRUCTURING CHARGES	`RestructuringCharges`	$195.00K	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$12.65M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$27.25M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$20.83M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$12.10M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$7.13M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$6.97M	USD	1 Quarter
INTEREST EXPENSE	`InterestExpense`	$14.10M	USD	2 Qtrs
INTEREST EXPENSE	`InterestExpense`	$13.50M	USD	2 Qtrs
LOSS ON EXTINGUISHMENT OF DEBT	`GainsLossesOnExtinguishmentOfDebt`	$-8.57M	USD	2 Qtrs
GAIN ON AVAILABLE FOR SALE SECURITIES	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$753.00K	USD	2 Qtrs
GAIN ON AVAILABLE FOR SALE SECURITIES	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$753.00K	USD	1 Quarter
OTHER (INCOME) LOSS, NET	`OtherNonoperatingIncomeExpense`	$-45.00K	USD	1 Quarter
OTHER (INCOME) LOSS, NET	`OtherNonoperatingIncomeExpense`	$-114.00K	USD	2 Qtrs
OTHER (INCOME) LOSS, NET	`OtherNonoperatingIncomeExpense`	$-241.00K	USD	1 Quarter
OTHER (INCOME) LOSS, NET	`OtherNonoperatingIncomeExpense`	$86.00K	USD	2 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.89M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.35M	USD	2 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.99M	USD	2 Qtrs
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.24M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$4.38M	USD	2 Qtrs
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-638.00K	USD	2 Qtrs
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$1.86M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$1.78M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-715.00K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$4.38M	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$9.60M	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$3.12M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.04	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.55	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.25	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.55	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.25	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.04	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17,105.00	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17,131.00	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	16,939.00	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	16,918.00	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17,374.00	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16,918.00	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17,311.00	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17,009.00	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-715.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$4.38M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.60M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$3.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.95M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.22M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.52M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.08M	USD	2 Qtrs
Foreign currency transaction (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$86.00K	USD	2 Qtrs
Foreign currency transaction (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-114.00K	USD	2 Qtrs
Gain on available for sale securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$753.00K	USD	2 Qtrs
Gain on available for sale securities	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$753.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-8.57M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.58M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-657.00K	USD	2 Qtrs
(Gain) loss on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$5.00K	USD	2 Qtrs
(Gain) loss on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$-476.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.39M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.18M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$19.34M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$23.86M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-546.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.27M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.42M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.83M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$3.49M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.09M	USD	2 Qtrs
Net cash flow from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.37M	USD	2 Qtrs
Net cash flow from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.72M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.96M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$5.05M	USD	2 Qtrs
Purchases of investments	`PaymentsForProceedsFromInvestments`	$1.28M	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$39.00K	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$58.68M	USD	2 Qtrs
Net cash flow from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.20M	USD	2 Qtrs
Net cash flow from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-63.73M	USD	2 Qtrs
Borrowing under revolving loan facility	`ProceedsFromLinesOfCredit`	$34.70M	USD	2 Qtrs
Borrowing under revolving loan facility	`ProceedsFromLinesOfCredit`	$89.56M	USD	2 Qtrs
Repayments under revolving loan facility	`RepaymentsOfLinesOfCredit`	$44.94M	USD	2 Qtrs
Repayments under revolving loan facility	`RepaymentsOfLinesOfCredit`	$39.20M	USD	2 Qtrs
Payment of deferred financing fees	`PaymentOfFinancingAndStockIssuanceCosts`	$6.61M	USD	2 Qtrs
Payment of deferred financing fees	`PaymentOfFinancingAndStockIssuanceCosts`	$49.00K	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$231.65M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$4.00K	USD	2 Qtrs
Proceeds from option exercises	`ProceedsFromStockOptionsExercised`	$67.00K	USD	2 Qtrs
Proceeds from the issuance of 2018 Senior Notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$271.91M	USD	2 Qtrs
Net cash flow from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.38M	USD	2 Qtrs
Net cash flow from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.41M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$315.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$22.00K	USD	2 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.87M	USD	2 Qtrs
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.75M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.47M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.45M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - End of period	`CashAndCashEquivalentsAtCarryingValue`	$19.47M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - End of period	`CashAndCashEquivalentsAtCarryingValue`	$5.70M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - End of period	`CashAndCashEquivalentsAtCarryingValue`	$7.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - End of period	`CashAndCashEquivalentsAtCarryingValue`	$33.45M	USD	Point-in-time
Unpaid capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$149.00K	USD	2 Qtrs
Unpaid capital expenditures	`CapitalExpendituresIncurredButNotYetPaid`	$1.50M	USD	2 Qtrs
Unpaid business acquisition consideration	`FairValueOfAssetsAcquired`	$542.00K	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$819.00K	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$5.88M	USD	2 Qtrs
Cash interest paid	`InterestPaid`	$8.47M	USD	2 Qtrs
Cash interest paid	`InterestPaid`	$13.09M	USD	2 Qtrs

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