10-Q Filing

MATERIAL SCIENCES CORP CIK: 755003 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-266508`
Period End Date	20110831
Filing Date	20111007
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	masc-20110831.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 82 Cash Flow Statement 58

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Receivables, Reserves and Allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$451.00K	USD	Point-in-time
Receivables, Reserves and Allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$420.00K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.94M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.75M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.87M	USD	Point-in-time
Receivables, Less Reserves and Allowances of $451 and $420, Respectively	`ReceivablesNetCurrent`	$17.48M	USD	Point-in-time
Receivables, Less Reserves and Allowances of $451 and $420, Respectively	`ReceivablesNetCurrent`	$22.58M	USD	Point-in-time
Income Taxes Receivable	`IncomeTaxesReceivable`	$616.00K	USD	Point-in-time
Income Taxes Receivable	`IncomeTaxesReceivable`	$625.00K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$996.00K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$428.00K	USD	Point-in-time
Inventories	`InventoryNet`	$22.59M	USD	Point-in-time
Inventories	`InventoryNet`	$20.91M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$80.16M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$70.63M	USD	Point-in-time
Property, Plant and Equipment	`PropertyPlantAndEquipmentGross`	$122.18M	USD	Point-in-time
Property, Plant and Equipment	`PropertyPlantAndEquipmentGross`	$118.94M	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$88.46M	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$91.09M	USD	Point-in-time
Net Property, Plant and Equipment	`PropertyPlantAndEquipmentNet`	$30.48M	USD	Point-in-time
Net Property, Plant and Equipment	`PropertyPlantAndEquipmentNet`	$31.09M	USD	Point-in-time
Investment in Joint Venture	`EquityMethodInvestments`	$3.15M	USD	Point-in-time
Investment in Joint Venture	`EquityMethodInvestments`	$3.71M	USD	Point-in-time
Other	`OtherAssetsMiscellaneousNoncurrent`	$165.00K	USD	Point-in-time
Other	`OtherAssetsMiscellaneousNoncurrent`	$142.00K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$3.29M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$3.88M	USD	Point-in-time
Total Assets	`Assets`	$113.93M	USD	Point-in-time
Total Assets	`Assets`	$105.60M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$15.13M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$11.78M	USD	Point-in-time
Accrued Payroll Related Expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.72M	USD	Point-in-time
Accrued Payroll Related Expenses	`EmployeeRelatedLiabilitiesCurrent`	$3.04M	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$5.13M	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$6.09M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$19.95M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$23.94M	USD	Point-in-time
Pension and Postretirement Liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.01M	USD	Point-in-time
Pension and Postretirement Liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$6.32M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$5.03M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$4.78M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$11.79M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$11.35M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock	`PreferredStockValue`	-	USD	Point-in-time
Common Stock	`CommonStockValue`	$380.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$380.00K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$80.00M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$80.19M	USD	Point-in-time
Treasury Stock at Cost	`TreasuryStockValue`	$69.12M	USD	Point-in-time
Treasury Stock at Cost	`TreasuryStockValue`	$56.88M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$62.76M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$55.59M	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$95.00K	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-886.00K	USD	Point-in-time
Total Shareowners' Equity	`StockholdersEquity`	$74.30M	USD	Point-in-time
Total Shareowners' Equity	`StockholdersEquity`	$78.20M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$105.60M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$113.93M	USD	Point-in-time

Income Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$70.45M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$34.42M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$33.12M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$75.59M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$26.77M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$53.28M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$59.52M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$26.53M	USD	1 Quarter
Gross Profit	`GrossProfit`	$7.65M	USD	1 Quarter
Gross Profit	`GrossProfit`	$16.07M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$6.59M	USD	1 Quarter
Gross Profit	`GrossProfit`	$17.17M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$4.73M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$10.25M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$4.97M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$10.28M	USD	2 Qtrs
Asset Impairment Charges	`OtherAssetImpairmentCharges`	$3.72M	USD	2 Qtrs
Gain on Sale of Assets	`GainLossOnSaleOfPropertyPlantEquipment`	$6.64M	USD	2 Qtrs
Gain on Sale of Assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.91M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$345.00K	USD	2 Qtrs
Restructuring	`RestructuringCharges`	$1.15M	USD	2 Qtrs
Restructuring	`RestructuringCharges`	$345.00K	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$2.58M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$3.53M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$7.59M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$6.55M	USD	2 Qtrs
Interest Income, Net	`InterestIncomeExpenseNet`	$32.00K	USD	2 Qtrs
Interest Income, Net	`InterestIncomeExpenseNet`	$16.00K	USD	1 Quarter
Interest Income, Net	`InterestIncomeExpenseNet`	$41.00K	USD	2 Qtrs
Interest Income, Net	`InterestIncomeExpenseNet`	$14.00K	USD	1 Quarter
Equity in Results of Joint Venture	`IncomeLossFromEquityMethodInvestments`	$208.00K	USD	2 Qtrs
Equity in Results of Joint Venture	`IncomeLossFromEquityMethodInvestments`	$121.00K	USD	1 Quarter
Equity in Results of Joint Venture	`IncomeLossFromEquityMethodInvestments`	$263.00K	USD	2 Qtrs
Equity in Results of Joint Venture	`IncomeLossFromEquityMethodInvestments`	$102.00K	USD	1 Quarter
Rental Income	`RentalIncomeNonoperating`	$281.00K	USD	1 Quarter
Rental Income	`RentalIncomeNonoperating`	$544.00K	USD	2 Qtrs
Rental Income	`RentalIncomeNonoperating`	$253.00K	USD	1 Quarter
Rental Income	`RentalIncomeNonoperating`	$408.00K	USD	2 Qtrs
Other, Net	`OtherNonoperatingIncomeExpense`	$-17.00K	USD	2 Qtrs
Other, Net	`OtherNonoperatingIncomeExpense`	$19.00K	USD	1 Quarter
Other, Net	`OtherNonoperatingIncomeExpense`	$20.00K	USD	1 Quarter
Other, Net	`OtherNonoperatingIncomeExpense`	$44.00K	USD	2 Qtrs
Total Other Income, Net	`NonoperatingIncomeExpense`	$436.00K	USD	1 Quarter
Total Other Income, Net	`NonoperatingIncomeExpense`	$390.00K	USD	1 Quarter
Total Other Income, Net	`NonoperatingIncomeExpense`	$883.00K	USD	2 Qtrs
Total Other Income, Net	`NonoperatingIncomeExpense`	$640.00K	USD	2 Qtrs
Income from Operations Before Provision (Benefit) for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest`	$3.02M	USD	1 Quarter
Income from Operations Before Provision (Benefit) for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest`	$3.92M	USD	1 Quarter
Income from Operations Before Provision (Benefit) for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest`	$8.23M	USD	2 Qtrs
Income from Operations Before Provision (Benefit) for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest`	$7.43M	USD	2 Qtrs
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$-5.00K	USD	1 Quarter
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$-14.00K	USD	1 Quarter
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$288.00K	USD	2 Qtrs
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$257.00K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$3.94M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$7.18M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$3.02M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$7.94M	USD	2 Qtrs
Basic Net Income Per Share	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Basic Net Income Per Share	`EarningsPerShareBasic`	$0.62	USD	2 Qtrs
Basic Net Income Per Share	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic Net Income Per Share	`EarningsPerShareBasic`	$0.60	USD	2 Qtrs
Diluted Net Income Per Share	`EarningsPerShareDiluted`	$0.61	USD	2 Qtrs
Diluted Net Income Per Share	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted Net Income Per Share	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted Net Income Per Share	`EarningsPerShareDiluted`	$0.59	USD	2 Qtrs
Weighted Average Number of Common Shares Outstanding Used for Basic Net Income Per Share	`WeightedAverageNumberOfSharesOutstandingBasic`	12.01M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding Used for Basic Net Income Per Share	`WeightedAverageNumberOfSharesOutstandingBasic`	12.91M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding Used for Basic Net Income Per Share	`WeightedAverageNumberOfSharesOutstandingBasic`	12.91M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding Used for Basic Net Income Per Share	`WeightedAverageNumberOfSharesOutstandingBasic`	11.56M	shares	1 Quarter
Dilutive Shares	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	95,000.00	shares	1 Quarter
Dilutive Shares	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	52,000.00	shares	1 Quarter
Dilutive Shares	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	92,000.00	shares	2 Qtrs
Dilutive Shares	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	24,000.00	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding Plus Dilutive Shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.65M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding Plus Dilutive Shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.93M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding Plus Dilutive Shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.96M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding Plus Dilutive Shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.11M	shares	2 Qtrs
Outstanding Common Stock Options Having No Dilutive Effect	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	257,000.00	shares	1 Quarter
Outstanding Common Stock Options Having No Dilutive Effect	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	373,000.00	shares	2 Qtrs
Outstanding Common Stock Options Having No Dilutive Effect	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	261,000.00	shares	2 Qtrs
Outstanding Common Stock Options Having No Dilutive Effect	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	373,000.00	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$3.94M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$7.18M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$3.02M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$7.94M	USD	2 Qtrs
Gain on Sale of Fixed Assets	`GainsLossesOnSalesOfAssets`	$6.64M	USD	2 Qtrs
Loss on Impairment of Fixed Assets	`OtherAssetImpairmentCharges`	$3.72M	USD	2 Qtrs
Depreciation, Amortization and Accretion	`DepreciationAmortizationAndAccretionNet`	$3.12M	USD	2 Qtrs
Depreciation, Amortization and Accretion	`DepreciationAmortizationAndAccretionNet`	$2.48M	USD	2 Qtrs
Compensatory Effect of Stock Plans	`ShareBasedCompensation`	$150.00K	USD	2 Qtrs
Compensatory Effect of Stock Plans	`ShareBasedCompensation`	$105.00K	USD	2 Qtrs
Other, Net	`OtherNoncashIncomeExpense`	$103.00K	USD	2 Qtrs
Other, Net	`OtherNoncashIncomeExpense`	$305.00K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-2.26M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-5.21M	USD	2 Qtrs
Income Taxes Receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$10.00K	USD	2 Qtrs
Income Taxes Receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-415.00K	USD	2 Qtrs
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$388.00K	USD	2 Qtrs
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$565.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.55M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.24M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-3.29M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-3.71M	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.65M	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.02M	USD	2 Qtrs
Other, Net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$125.00K	USD	2 Qtrs
Other, Net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$401.00K	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$8.16M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$6.91M	USD	2 Qtrs
Capital Expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$834.00K	USD	2 Qtrs
Capital Expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.94M	USD	2 Qtrs
Proceeds from Sale of Assets	`ProceedsFromSaleOfProductiveAssets`	$14.09M	USD	2 Qtrs
Proceeds from Note Receivable	`ProceedsFromCollectionOfNotesReceivable`	$1.73M	USD	2 Qtrs
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$14.99M	USD	2 Qtrs
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.94M	USD	2 Qtrs
Purchases of Treasury Stock	`PaymentsForRepurchaseOfCommonStock`	$11.97M	USD	2 Qtrs
Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$15.00K	USD	2 Qtrs
Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$32.00K	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.94M	USD	2 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$15.00K	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-30.00K	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$30.00K	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.89M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.69M	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.94M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$34.75M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.87M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.94M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$34.75M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.87M	USD	Point-in-time
Capital Expenditures in Accounts Payable at End of Period	`CapitalExpendituresIncurredButNotYetPaid`	$161.00K	USD	2 Qtrs
Capital Expenditures in Accounts Payable at End of Period	`CapitalExpendituresIncurredButNotYetPaid`	$840.00K	USD	2 Qtrs
Treasury Stock Purchases in Accrued Liabilities at Period-End	`TreasuryStockPurchasesButNotYetPaid`	$377.00K	USD	2 Qtrs
Interest Paid	`InterestPaid`	$18.00K	USD	2 Qtrs
Interest Paid	`InterestPaid`	$22.00K	USD	2 Qtrs
Income Taxes Paid (Refunded), Net	`IncomeTaxesPaidNet`	$243.00K	USD	2 Qtrs
Income Taxes Paid (Refunded), Net	`IncomeTaxesPaidNet`	$-141.00K	USD	2 Qtrs

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