10-Q Filing

INGLES MARKETS INC CIK: 50493 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-208442`
Period End Date	20120331
Filing Date	20120503
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	imkta-20120324.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 56 Cash Flow Statement 61 Stockholders Equity 16

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.42M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Receivables-net	`ReceivablesNetCurrent`	$56.14M	USD	Point-in-time
Receivables-net	`ReceivablesNetCurrent`	$56.84M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$301.98M	USD	Point-in-time
Inventories	`InventoryNet`	$303.17M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.24M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.94M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$383.24M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$389.36M	USD	Point-in-time
Property and Equipment-net	`PropertyPlantAndEquipmentNet`	$1.13B	USD	Point-in-time
Property and Equipment-net	`PropertyPlantAndEquipmentNet`	$1.18B	USD	Point-in-time
Restricted Investments	`RestrictedInvestmentsNoncurrent`	$75.73M	USD	Point-in-time
Restricted Investments	`RestrictedInvestmentsNoncurrent`	$23.24M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$20.05M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$19.84M	USD	Point-in-time
Total Assets	`Assets`	$1.62B	USD	Point-in-time
Total Assets	`Assets`	$1.60B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$34.38M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$30.11M	USD	Point-in-time
Accounts payable-trade	`AccountsPayableTradeCurrent`	$171.95M	USD	Point-in-time
Accounts payable-trade	`AccountsPayableTradeCurrent`	$166.80M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$78.92M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$89.32M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$290.50M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$280.99M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$68.81M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$67.94M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$820.74M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$803.36M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$7.23M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$9.43M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.19B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.16B	USD	Point-in-time
Preferred stock, $0.05 par value; 10,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.05 par value; 10,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$114.24M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$116.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$313.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$323.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$438.74M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$416.19M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$431.95M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$409.08M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.60B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.62B	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$870.37M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.80B	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$1.74B	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$881.67M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$675.73M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$689.23M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$1.41B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$1.36B	USD	2 Qtrs
Gross profit	`GrossProfit`	$192.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$194.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$394.16M	USD	2 Qtrs
Gross profit	`GrossProfit`	$388.12M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$340.92M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$335.82M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$169.11M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$168.57M	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$367.92K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$796.07K	USD	2 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$868.00K	USD	2 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$553.19K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$9.46K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$165.87K	USD	2 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$151.17K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$20.76K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$23.84M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$54.20M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$26.63M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$53.18M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$801.78K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.81M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$2.20M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.08M	USD	1 Quarter
Interest expense	`InterestExpense`	$14.94M	USD	1 Quarter
Interest expense	`InterestExpense`	$29.95M	USD	2 Qtrs
Interest expense	`InterestExpense`	$15.71M	USD	1 Quarter
Interest expense	`InterestExpense`	$31.57M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.81M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.06M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.99M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.70M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$5.95M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$1.13M	USD	1 Quarter
Current	`CurrentIncomeTaxExpenseBenefit`	$11.98M	USD	2 Qtrs
Current	`CurrentIncomeTaxExpenseBenefit`	$9.16M	USD	2 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-1.68M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-3.54M	USD	2 Qtrs
Deferred	`DeferredIncomeTaxExpenseBenefit`	$2.06M	USD	1 Quarter
Deferred	`DeferredIncomeTaxExpenseBenefit`	$-218.00K	USD	2 Qtrs
Total income taxes	`IncomeTaxExpenseBenefit`	$8.95M	USD	2 Qtrs
Total income taxes	`IncomeTaxExpenseBenefit`	$3.19M	USD	1 Quarter
Total income taxes	`IncomeTaxExpenseBenefit`	$8.44M	USD	2 Qtrs
Total income taxes	`IncomeTaxExpenseBenefit`	$4.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.11M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.37M	USD	2 Qtrs

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.11M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.37M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$44.05M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$42.31M	USD	2 Qtrs
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$9.46K	USD	1 Quarter
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$165.87K	USD	2 Qtrs
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$151.17K	USD	1 Quarter
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$20.76K	USD	2 Qtrs
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.38M	USD	2 Qtrs
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$1.32M	USD	2 Qtrs
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-1.34M	USD	2 Qtrs
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-1.64M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.68M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.54M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.06M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-218.00K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$2.37M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-703.58K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.19M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$9.15M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.41M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.27M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.92M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.60M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$48.10M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$73.73M	USD	2 Qtrs
Proceeds from maturities of certificates of deposit	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$6.00M	USD	2 Qtrs
Purchases of restricted investments	`PaymentsToAcquireRestrictedInvestments`	$95.62M	USD	2 Qtrs
Proceeds from sales of restricted investments	`ProceedsFromSaleOfRestrictedInvestments`	$52.49M	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$136.36K	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$685.04K	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$42.88M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$103.48M	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-132.37M	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.30M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$374.98M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$81.25M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$81.25M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$374.98M	USD	2 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$99.74M	USD	2 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$3.25M	USD	2 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$41.64M	USD	2 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$24.89M	USD	2 Qtrs
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$2.62M	USD	2 Qtrs
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$543.46K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$7.69M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$7.72M	USD	2 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-31.95M	USD	2 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$49.83M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.53M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-34.43M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.89M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.42M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.89M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$23.42M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$438.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$416.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$409.08M	USD	Point-in-time
Net income	`NetIncomeLoss`	$17.11M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$7.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.37M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$7.72M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$7.69M	USD	2 Qtrs
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$2.62M	USD	2 Qtrs
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$543.46K	USD	2 Qtrs
Balance	`StockholdersEquity`	$438.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$416.19M	USD	Point-in-time
Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$409.08M	USD	Point-in-time

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