10-Q Filing

MATERIAL SCIENCES CORP CIK: 755003 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-010249`
Period End Date	20111130
Filing Date	20120112
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	masc-20111130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 80 Cash Flow Statement 58

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Receivables, Reserves and Allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$509.00K	USD	Point-in-time
Receivables, Reserves and Allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$420.00K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.87M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.92M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.63M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.31M	USD	Point-in-time
Receivables, Less Reserves and Allowances of $509 and $420, Respectively	`ReceivablesNetCurrent`	$18.07M	USD	Point-in-time
Receivables, Less Reserves and Allowances of $509 and $420, Respectively	`ReceivablesNetCurrent`	$22.58M	USD	Point-in-time
Income Taxes Receivable	`IncomeTaxesReceivable`	$321.00K	USD	Point-in-time
Income Taxes Receivable	`IncomeTaxesReceivable`	$616.00K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$835.00K	USD	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$428.00K	USD	Point-in-time
Inventories	`InventoryNet`	$20.91M	USD	Point-in-time
Inventories	`InventoryNet`	$22.73M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$70.27M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$80.16M	USD	Point-in-time
Property, Plant and Equipment	`PropertyPlantAndEquipmentGross`	$118.94M	USD	Point-in-time
Property, Plant and Equipment	`PropertyPlantAndEquipmentGross`	$124.70M	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$88.46M	USD	Point-in-time
Accumulated Depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$91.96M	USD	Point-in-time
Net Property, Plant and Equipment	`PropertyPlantAndEquipmentNet`	$32.75M	USD	Point-in-time
Net Property, Plant and Equipment	`PropertyPlantAndEquipmentNet`	$30.48M	USD	Point-in-time
Investment in Joint Venture	`EquityMethodInvestments`	$3.15M	USD	Point-in-time
Investment in Joint Venture	`EquityMethodInvestments`	$3.64M	USD	Point-in-time
Other	`OtherAssetsMiscellaneousNoncurrent`	$142.00K	USD	Point-in-time
Other	`OtherAssetsMiscellaneousNoncurrent`	$164.00K	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$3.29M	USD	Point-in-time
Total Other Assets	`OtherAssetsNoncurrent`	$3.81M	USD	Point-in-time
Total Assets	`Assets`	$113.93M	USD	Point-in-time
Total Assets	`Assets`	$106.82M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$13.38M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$15.13M	USD	Point-in-time
Accrued Payroll Related Expenses	`EmployeeRelatedLiabilitiesCurrent`	$2.72M	USD	Point-in-time
Accrued Payroll Related Expenses	`EmployeeRelatedLiabilitiesCurrent`	$3.18M	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$6.09M	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$5.71M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$23.94M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$22.27M	USD	Point-in-time
Pension and Postretirement Liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$7.01M	USD	Point-in-time
Pension and Postretirement Liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$6.07M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$4.78M	USD	Point-in-time
Other	`OtherLiabilitiesNoncurrent`	$5.55M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$11.62M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$11.79M	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`	$80.36M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapital`	$80.00M	USD	Point-in-time
Treasury Stock at Cost	`TreasuryStockValue`	$73.66M	USD	Point-in-time
Treasury Stock at Cost	`TreasuryStockValue`	$56.88M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$66.49M	USD	Point-in-time
Retained Earnings	`RetainedEarningsAccumulatedDeficit`	$55.59M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-639.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-886.00K	USD	Point-in-time
Total Shareowners' Equity	`StockholdersEquity`	$72.93M	USD	Point-in-time
Total Shareowners' Equity	`StockholdersEquity`	$78.20M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$113.93M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$106.82M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$30.12M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$104.46M	USD	3 Qtrs
Net Sales	`SalesRevenueNet`	$34.01M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$105.71M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$82.85M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsAndServicesSold`	$24.70M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$23.34M	USD	1 Quarter
Cost of Sales	`CostOfGoodsAndServicesSold`	$77.98M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$9.31M	USD	1 Quarter
Gross Profit	`GrossProfit`	$26.48M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$6.79M	USD	1 Quarter
Gross Profit	`GrossProfit`	$22.86M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$5.59M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$15.89M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$15.84M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$5.61M	USD	1 Quarter
Asset Impairment Charges	`OtherAssetImpairmentCharges`	$3.72M	USD	3 Qtrs
Gain on Sale of Assets	`GainLossOnSaleOfPropertyPlantEquipment`	$6.64M	USD	3 Qtrs
Restructuring	`RestructuringCharges`	$1.15M	USD	3 Qtrs
Restructuring	`RestructuringCharges`	$345.00K	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$10.24M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$3.69M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$8.79M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$1.20M	USD	1 Quarter
Interest Income, Net	`InterestIncomeExpenseNet`	$3.00K	USD	1 Quarter
Interest Income, Net	`InterestIncomeExpenseNet`	$60.00K	USD	3 Qtrs
Interest Income, Net	`InterestIncomeExpenseNet`	$35.00K	USD	3 Qtrs
Interest Income, Net	`InterestIncomeExpenseNet`	$19.00K	USD	1 Quarter
Equity in Results of Joint Venture	`IncomeLossFromEquityMethodInvestments`	$198.00K	USD	1 Quarter
Equity in Results of Joint Venture	`IncomeLossFromEquityMethodInvestments`	$327.00K	USD	3 Qtrs
Equity in Results of Joint Venture	`IncomeLossFromEquityMethodInvestments`	$461.00K	USD	3 Qtrs
Equity in Results of Joint Venture	`IncomeLossFromEquityMethodInvestments`	$119.00K	USD	1 Quarter
Rental Income	`RentalIncomeNonoperating`	$252.00K	USD	1 Quarter
Rental Income	`RentalIncomeNonoperating`	$283.00K	USD	1 Quarter
Rental Income	`RentalIncomeNonoperating`	$660.00K	USD	3 Qtrs
Rental Income	`RentalIncomeNonoperating`	$827.00K	USD	3 Qtrs
Other Income (Loss), Net	`OtherNonoperatingIncomeExpense`	$31.00K	USD	3 Qtrs
Other Income (Loss), Net	`OtherNonoperatingIncomeExpense`	$48.00K	USD	1 Quarter
Other Income (Loss), Net	`OtherNonoperatingIncomeExpense`	$-23.00K	USD	1 Quarter
Other Income (Loss), Net	`OtherNonoperatingIncomeExpense`	$21.00K	USD	3 Qtrs
Total Other Income, Net	`NonoperatingIncomeExpense`	$1.34M	USD	3 Qtrs
Total Other Income, Net	`NonoperatingIncomeExpense`	$461.00K	USD	1 Quarter
Total Other Income, Net	`NonoperatingIncomeExpense`	$438.00K	USD	1 Quarter
Total Other Income, Net	`NonoperatingIncomeExpense`	$1.08M	USD	3 Qtrs
Income from Operations Before Provision (Benefit) for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest`	$9.87M	USD	3 Qtrs
Income from Operations Before Provision (Benefit) for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest`	$11.59M	USD	3 Qtrs
Income from Operations Before Provision (Benefit) for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest`	$1.64M	USD	1 Quarter
Income from Operations Before Provision (Benefit) for Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndMinorityInterest`	$4.15M	USD	1 Quarter
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$-73.00K	USD	1 Quarter
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$685.00K	USD	3 Qtrs
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$215.00K	USD	3 Qtrs
Provision (Benefit) for Income Taxes	`IncomeTaxExpenseBenefit`	$428.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.71M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$10.90M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$3.73M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$9.65M	USD	3 Qtrs
Basic Net Income Per Share	`EarningsPerShareBasic`	$0.75	USD	3 Qtrs
Basic Net Income Per Share	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Basic Net Income Per Share	`EarningsPerShareBasic`	$0.94	USD	3 Qtrs
Basic Net Income Per Share	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Diluted Net Income Per Share	`EarningsPerShareDiluted`	$0.93	USD	3 Qtrs
Diluted Net Income Per Share	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Diluted Net Income Per Share	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted Net Income Per Share	`EarningsPerShareDiluted`	$0.74	USD	3 Qtrs
Weighted Average Number of Common Shares Outstanding Used for Basic Net Income Per Share	`WeightedAverageNumberOfSharesOutstandingBasic`	10.79M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding Used for Basic Net Income Per Share	`WeightedAverageNumberOfSharesOutstandingBasic`	12.91M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding Used for Basic Net Income Per Share	`WeightedAverageNumberOfSharesOutstandingBasic`	11.61M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding Used for Basic Net Income Per Share	`WeightedAverageNumberOfSharesOutstandingBasic`	12.91M	shares	1 Quarter
Dilutive Shares	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	51,000.00	shares	3 Qtrs
Dilutive Shares	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	89,000.00	shares	1 Quarter
Dilutive Shares	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	91,000.00	shares	3 Qtrs
Dilutive Shares	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	87,000.00	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding Plus Dilutive Shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.00M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding Plus Dilutive Shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.96M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding Plus Dilutive Shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.87M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding Plus Dilutive Shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.70M	shares	3 Qtrs
Outstanding Common Stock Options Having No Dilutive Effect	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	339,000.00	shares	1 Quarter
Outstanding Common Stock Options Having No Dilutive Effect	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	260,000.00	shares	3 Qtrs
Outstanding Common Stock Options Having No Dilutive Effect	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	324,000.00	shares	3 Qtrs
Outstanding Common Stock Options Having No Dilutive Effect	`AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount`	257,000.00	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$1.71M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$10.90M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$3.73M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$9.65M	USD	3 Qtrs
Gain on Sale of Fixed Assets	`GainsLossesOnSalesOfAssets`	$6.64M	USD	3 Qtrs
Loss on Impairment of Fixed Assets	`OtherAssetImpairmentCharges`	$3.72M	USD	3 Qtrs
Depreciation, Amortization and Accretion	`DepreciationAmortizationAndAccretionNet`	$4.34M	USD	3 Qtrs
Depreciation, Amortization and Accretion	`DepreciationAmortizationAndAccretionNet`	$3.68M	USD	3 Qtrs
Compensatory Effect of Stock Plans	`ShareBasedCompensation`	$167.00K	USD	3 Qtrs
Compensatory Effect of Stock Plans	`ShareBasedCompensation`	$221.00K	USD	3 Qtrs
Other, Net	`OtherNoncashIncomeExpense`	$583.00K	USD	3 Qtrs
Other, Net	`OtherNoncashIncomeExpense`	$509.00K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-4.45M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-2.33M	USD	3 Qtrs
Income Taxes Receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-295.00K	USD	3 Qtrs
Income Taxes Receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-427.00K	USD	3 Qtrs
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$411.00K	USD	3 Qtrs
Prepaid Expenses	`IncreaseDecreaseInPrepaidExpense`	$203.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.24M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.88M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-2.21M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-3.73M	USD	3 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$158.00K	USD	3 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-1.31M	USD	3 Qtrs
Other, Net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-242.00K	USD	3 Qtrs
Other, Net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$812.00K	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$8.61M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$14.93M	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.46M	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.37M	USD	3 Qtrs
Proceeds from Sale of Assets	`ProceedsFromSaleOfProductiveAssets`	$14.09M	USD	3 Qtrs
Proceeds from Note Receivable	`ProceedsFromCollectionOfNotesReceivable`	$1.73M	USD	3 Qtrs
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.46M	USD	3 Qtrs
Net Cash Provided by (Used In) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$14.45M	USD	3 Qtrs
Purchases of Treasury Stock	`PaymentsForRepurchaseOfCommonStock`	$16.88M	USD	3 Qtrs
Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$15.00K	USD	3 Qtrs
Issuance of Common Stock	`ProceedsFromIssuanceOfCommonStock`	$135.00K	USD	3 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$15.00K	USD	3 Qtrs
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-16.74M	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-19.00K	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-51.00K	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.05M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.32M	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.87M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$35.92M	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`	$28.31M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.87M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$35.92M	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`	$28.31M	USD	Point-in-time
Capital Expenditures in Accounts Payable at End of Period	`CapitalExpendituresIncurredButNotYetPaid`	$1.41M	USD	3 Qtrs
Capital Expenditures in Accounts Payable at End of Period	`CapitalExpendituresIncurredButNotYetPaid`	$243.00K	USD	3 Qtrs
Treasury Stock Purchases in Accrued Liabilities at Period-End	`TreasuryStockPurchasesButNotYetPaid`	$6.00K	USD	3 Qtrs
Interest Paid	`InterestPaid`	$27.00K	USD	3 Qtrs
Interest Paid	`InterestPaid`	$27.00K	USD	3 Qtrs
Income Taxes Paid (Refunded), Net	`IncomeTaxesPaidNet`	$326.00K	USD	3 Qtrs
Income Taxes Paid (Refunded), Net	`IncomeTaxesPaidNet`	$-141.00K	USD	3 Qtrs

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