10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-449050`
Period End Date	20120930
Filing Date	20121102
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	wire-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 56 Cash Flow Statement 48

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.10M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.11M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$112.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.17M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $2,111 and $2,102	`AccountsReceivableNetCurrent`	$207.54M	USD	Point-in-time
Accounts receivable, net of allowance of $2,111 and $2,102	`AccountsReceivableNetCurrent`	$199.37M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$63.49M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$67.05M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.59M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.59M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.97M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.90M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.93M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$15.42M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.16M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$377.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$313.97M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$17.97M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$18.34M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$22.56M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$12.48M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$75.95M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$90.44M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$186.03M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$193.09M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$7.95M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$8.30M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$332.73M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$300.38M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$161.55M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$171.62M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$161.10M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$138.83M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$798.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$260.00K	USD	Point-in-time
Total assets	`Assets`	$475.87M	USD	Point-in-time
Total assets	`Assets`	$516.15M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$14.68M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$28.16M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$25.31M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$21.30M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.30M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$1.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$42.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.76M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$15.83M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$18.96M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value : Authorized shares 2,000,000 ; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value : Authorized shares 2,000,000 ; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value: Authorized shares 40,000,000; Issued shares 26,594,353 and 26,586,703	`CommonStockValue`	$266.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares 40,000,000; Issued shares 26,594,353 and 26,586,703	`CommonStockValue`	$266.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$48.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$47.34M	USD	Point-in-time
Treasury stock, at cost 5,934,651 and 3,160,401 shares	`TreasuryStockValue`	$88.13M	USD	Point-in-time
Treasury stock, at cost 5,934,651 and 3,160,401 shares	`TreasuryStockValue`	$21.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$444.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$431.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$405.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$457.74M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$516.15M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$475.87M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$319.36M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$269.15M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$932.18M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$814.35M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$245.02M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$746.36M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$281.52M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$829.95M	USD	3 Qtrs
Gross profit	`GrossProfit`	$102.23M	USD	3 Qtrs
Gross profit	`GrossProfit`	$24.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$67.99M	USD	3 Qtrs
Gross profit	`GrossProfit`	$37.84M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.73M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.66M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$46.13M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$16.42M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$21.86M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$8.41M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$51.57M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$21.42M	USD	1 Quarter
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$32.00K	USD	3 Qtrs
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$-83.00K	USD	3 Qtrs
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$-88.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.33M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.89M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.41M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$51.49M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.61M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.89M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.30M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.65M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$33.84M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.59M	USD	3 Qtrs
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.66	USD	3 Qtrs
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$1.45	USD	3 Qtrs
Weighted average common and common equivalent shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.66M	shares	1 Quarter
Weighted average common and common equivalent shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.29M	shares	1 Quarter
Weighted average common and common equivalent shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.26M	shares	3 Qtrs
Weighted average common and common equivalent shares - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	22.02M	shares	3 Qtrs
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$1.45	USD	3 Qtrs
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.66	USD	3 Qtrs
Weighted average common and common equivalent shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.07M	shares	3 Qtrs
Weighted average common and common equivalent shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.40M	shares	1 Quarter
Weighted average common and common equivalent shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.39M	shares	3 Qtrs
Weighted average common and common equivalent shares - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.71M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	3 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$33.84M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.59M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.83M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.23M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$7.15M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.25M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-526.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$817.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.19M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$69.11M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$34.66M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.56M	USD	3 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.53M	USD	3 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.79M	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$4.56M	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$14.08M	USD	3 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-6.31M	USD	3 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$1.14M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$6.54M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-78.02M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.28M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.02M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$17.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$8.06M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-33.00M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-10.22M	USD	3 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$132.00K	USD	3 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.66M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$202.00K	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$66.64M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$1.35M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$1.39M	USD	3 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$93.00K	USD	3 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$9.00K	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-67.85M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$160.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-88.08M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-94.31M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$112.30M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.99M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$103.25M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$112.30M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.99M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$103.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.17M	USD	Point-in-time

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