10-Q Filing

MYERS INDUSTRIES INC CIK: 69488 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-196582`
Period End Date	20120331
Filing Date	20120430
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	mye-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 26 Cash Flow Statement 60 Stockholders Equity 8

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Allowances for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.24M	USD	Point-in-time
Allowances for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.86M	USD	Point-in-time
Preferred Shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$4.71M	USD	Point-in-time
Cash	`Cash`	$6.80M	USD	Point-in-time
Preferred Shares, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash	`Cash`	$7.05M	USD	Point-in-time
Cash	`Cash`	$3.30M	USD	Point-in-time
Preferred Shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred Shares, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accounts receivable-less allowances of $3,238 and $3,863, respectively	`AccountsReceivableNetCurrent`	$105.83M	USD	Point-in-time
Accounts receivable-less allowances of $3,238 and $3,863, respectively	`AccountsReceivableNetCurrent`	$114.79M	USD	Point-in-time
Common Shares, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common Shares, par value	`CommonStockNoParValue`	-	USD	Point-in-time
Finished and in-process products	`InventoryFinishedGoodsAndWorkInProcess`	$71.06M	USD	Point-in-time
Common Shares, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common Shares, shares authorized	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Finished and in-process products	`InventoryFinishedGoodsAndWorkInProcess`	$67.72M	USD	Point-in-time
Common Shares, shares outstanding	`CommonStockSharesOutstanding`	33.42M	shares	Point-in-time
Common Shares, shares outstanding	`CommonStockSharesOutstanding`	33.46M	shares	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$27.50M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$31.84M	USD	Point-in-time
Inventory net	`InventoryNet`	$95.22M	USD	Point-in-time
Inventory net	`InventoryNet`	$102.90M	USD	Point-in-time
Treasury shares, shares	`TreasuryStockShares`	4.32M	shares	Point-in-time
Treasury shares, shares	`TreasuryStockShares`	4.49M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.42M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.19M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$233.38M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$218.45M	USD	Point-in-time
Goodwill	`Goodwill`	$44.67M	USD	Point-in-time
Goodwill	`Goodwill`	$44.79M	USD	Point-in-time
Patents and other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$16.77M	USD	Point-in-time
Patents and other intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$17.27M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$7.44M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$7.37M	USD	Point-in-time
Total other non current assets	`AssetsNoncurrent`	$69.37M	USD	Point-in-time
Total other non current assets	`AssetsNoncurrent`	$68.93M	USD	Point-in-time
Land	`Land`	$4.54M	USD	Point-in-time
Land	`Land`	$4.50M	USD	Point-in-time
Buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$58.30M	USD	Point-in-time
Buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$58.22M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$414.30M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$412.70M	USD	Point-in-time
Property, Plant and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$475.54M	USD	Point-in-time
Property, Plant and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$477.02M	USD	Point-in-time
Less allowances for depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$334.61M	USD	Point-in-time
Less allowances for depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$341.01M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$136.01M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$140.93M	USD	Point-in-time
Total Assets	`Assets`	$428.76M	USD	Point-in-time
Total Assets	`Assets`	$438.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.72M	USD	Point-in-time
Employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$13.39M	USD	Point-in-time
Employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$20.57M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$3.38M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$7.56M	USD	Point-in-time
Taxes, other than income taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$2.73M	USD	Point-in-time
Taxes, other than income taxes	`AccrualForTaxesOtherThanIncomeTaxesCurrent`	$2.54M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$830.00K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$161.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$19.53M	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$18.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$305.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$305.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$110.66M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$103.01M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$79.84M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$73.72M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$14.34M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$14.93M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$23.89M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$23.98M	USD	Point-in-time
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Common Shares, without par value (authorized 60,000,000 shares; outstanding 33,460,491 and 33,420,488; net of treasury shares of 4,318,641 and 4,492,169, respectively)	`CommonStockValue`	$20.31M	USD	Point-in-time
Common Shares, without par value (authorized 60,000,000 shares; outstanding 33,460,491 and 33,420,488; net of treasury shares of 4,318,641 and 4,492,169, respectively)	`CommonStockValue`	$20.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$266.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$265.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.29M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$9.31M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-86.47M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-79.18M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$206.14M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$216.55M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$428.76M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$438.32M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$198.79M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$195.51M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$141.42M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$140.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$54.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$58.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.88M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.72M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$12.37M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.12M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.24M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$1.08M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.13M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.04M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.05M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.41M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.72M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.53M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.00M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.72M	USD	1 Quarter
Depreciation	`Depreciation`	$7.54M	USD	1 Quarter
Depreciation	`Depreciation`	$8.01M	USD	1 Quarter
Impairment charges and asset write-offs	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment charges and asset write-offs	`AssetImpairmentCharges`	$252.00K	USD	1 Quarter
Amortization of other intangible assets	`AmortizationOfIntangibleAssets`	$757.00K	USD	1 Quarter
Amortization of other intangible assets	`AmortizationOfIntangibleAssets`	$736.00K	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$667.00K	USD	1 Quarter
Non-cash stock compensation	`ShareBasedCompensation`	$636.00K	USD	1 Quarter
(Recovery of) provision for loss on accounts receivable	`ProvisionForDoubtfulAccounts`	$1.64M	USD	1 Quarter
(Recovery of) provision for loss on accounts receivable	`ProvisionForDoubtfulAccounts`	$-627.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-40.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-32.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$586.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$848.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$224.00K	USD	1 Quarter
Gain on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-50.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-50.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.35M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.68M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$8.03M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.09M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-2.12M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.73M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.62M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.00M	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-408.00K	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.41M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.54M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.14M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.33M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-857.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$3.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.81M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.68M	USD	1 Quarter
Repayment of long term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repayment of long term debt	`RepaymentsOfLongTermDebt`	$305.00K	USD	1 Quarter
Net borrowing on credit facility	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$6.58M	USD	1 Quarter
Net borrowing on credit facility	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$6.26M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$2.32M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$2.27M	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$31.00K	USD	1 Quarter
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$397.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.34M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.04M	USD	1 Quarter
Foreign Exchange Rate Effect on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$676.00K	USD	1 Quarter
Foreign Exchange Rate Effect on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$101.00K	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.50M	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.35M	USD	1 Quarter
Cash at January 1	`Cash`	$4.71M	USD	Point-in-time
Cash at January 1	`Cash`	$6.80M	USD	Point-in-time
Cash at January 1	`Cash`	$7.05M	USD	Point-in-time
Cash at January 1	`Cash`	$3.30M	USD	Point-in-time
Cash at March 31	`Cash`	$4.71M	USD	Point-in-time
Cash at March 31	`Cash`	$6.80M	USD	Point-in-time
Cash at March 31	`Cash`	$7.05M	USD	Point-in-time
Cash at March 31	`Cash`	$3.30M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Balance	`StockholdersEquity`	$206.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$216.55M	USD	Point-in-time
Net income	`NetIncomeLoss`	$9.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.72M	USD	1 Quarter
Balance	`StockholdersEquity`	$206.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$216.55M	USD	Point-in-time

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