10-Q Filing

COMPX INTERNATIONAL INC CIK: 1049606 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-321933`
Period End Date	20130630
Filing Date	20130806
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	cix-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 62 Cash Flow Statement 58 Stockholders Equity 10 Comprehensive Income 14

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$63.78M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$10.74M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.48M	USD	Point-in-time
Inventories, net	`InventoryNet`	$11.22M	USD	Point-in-time
Inventories, net	`InventoryNet`	$12.26M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.69M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.69M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$4.42M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$476.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$78.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$90.59M	USD	Point-in-time
Goodwill	`Goodwill`	$23.74M	USD	Point-in-time
Goodwill	`Goodwill`	$23.74M	USD	Point-in-time
Other non-current	`OtherAssetsNoncurrent`	$510.00K	USD	Point-in-time
Other non-current	`OtherAssetsNoncurrent`	$2.12M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$24.25M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$25.86M	USD	Point-in-time
Land	`Land`	$4.93M	USD	Point-in-time
Land	`Land`	$4.93M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$20.52M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$20.52M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$56.79M	USD	Point-in-time
Equipment	`MachineryAndEquipmentGross`	$58.60M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$1.44M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$2.00M	USD	Point-in-time
Property, Plant and Equipment, Gross, Total	`PropertyPlantAndEquipmentGross`	$84.24M	USD	Point-in-time
Property, Plant and Equipment, Gross, Total	`PropertyPlantAndEquipmentGross`	$85.49M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$51.77M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$50.75M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$33.49M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$33.73M	USD	Point-in-time
Total assets	`Assets`	$136.65M	USD	Point-in-time
Total assets	`Assets`	$150.18M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$1.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$1.00M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$9.13M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$11.06M	USD	Point-in-time
Income taxes payable to affiliate	`RelatedPartyTaxExpenseDueToAffiliatesCurrentOne`	$12.20M	USD	Point-in-time
Income taxes payable to affiliate	`RelatedPartyTaxExpenseDueToAffiliatesCurrentOne`	$160.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$203.00K	USD	Point-in-time
Other	`OtherLiabilitiesCurrent`	$5.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$24.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.29M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$17.48M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$16.98M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.71M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$23.66M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$23.69M	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$55.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$46.73M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.27M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$102.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$102.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$136.65M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$150.18M	USD	Point-in-time
Commitments and contingencies (Note 1)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 1)	`CommitmentsAndContingencies`	-	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$24.04M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$22.15M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$45.49M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$42.58M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$31.86M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$15.64M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$16.43M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$30.05M	USD	2 Qtrs
Gross profit	`GrossProfit`	$7.61M	USD	1 Quarter
Gross profit	`GrossProfit`	$12.52M	USD	2 Qtrs
Gross profit	`GrossProfit`	$6.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.63M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$8.78M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$4.35M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$4.67M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$9.25M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$4.38M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$2.94M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.16M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.74M	USD	2 Qtrs
Other non-operating income, net	`OtherNonoperatingIncomeExpense`	$11.00K	USD	1 Quarter
Other non-operating income, net	`OtherNonoperatingIncomeExpense`	$27.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$58.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$232.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$117.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$111.00K	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.29M	USD	2 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.90M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.05M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.51M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$843.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.08M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.58M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.44M	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.07M	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.20M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.71M	USD	2 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.81M	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$889.00K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$1.55M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.71M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.09M	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.10	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.15	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.17	USD	2 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.22	USD	2 Qtrs
Discontinuing operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.12	USD	2 Qtrs
Discontinuing operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.07	USD	1 Quarter
Net income	`EarningsPerShareBasicAndDiluted`	$0.17	USD	1 Quarter
Net income	`EarningsPerShareBasicAndDiluted`	$0.29	USD	2 Qtrs
Net income	`EarningsPerShareBasicAndDiluted`	$0.15	USD	1 Quarter
Net income	`EarningsPerShareBasicAndDiluted`	$0.22	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.05	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.12	USD	1 Quarter
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.17	USD	2 Qtrs
Cash dividends per share	`CommonStockDividendsPerShareCashPaid`	$0.25	USD	2 Qtrs
Shares used in the calculation of basic and diluted income per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.39M	shares	1 Quarter
Shares used in the calculation of basic and diluted income per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.39M	shares	2 Qtrs
Shares used in the calculation of basic and diluted income per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.39M	shares	2 Qtrs
Shares used in the calculation of basic and diluted income per share	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.39M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.71M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.09M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.86M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.66M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.38M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$530.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-163.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-207.00K	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.24M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$3.16M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$-150.00K	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$1.15M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.47M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.98M	USD	2 Qtrs
Accounts with affiliates	`IncreaseDecreaseDueFromAffiliates`	$12.04M	USD	2 Qtrs
Accounts with affiliates	`IncreaseDecreaseDueFromAffiliates`	$40.00K	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.58M	USD	2 Qtrs
Income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.00K	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-895.00K	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$404.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.56M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.45M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.51M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.16M	USD	2 Qtrs
Cash received on note receivable	`ProceedsFromCollectionOfNotesReceivable`	$3.03M	USD	2 Qtrs
Cash received on note receivable	`ProceedsFromCollectionOfNotesReceivable`	$1.20M	USD	1 Quarter
Cash received on note receivable	`ProceedsFromCollectionOfNotesReceivable`	$1.80M	USD	1 Quarter
Proceeds from sale of asset held for sale	`ProceedsFromAssetsHeldForSale`	$1.56M	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00K	USD	2 Qtrs
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$30.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.08M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.13M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.10M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$2.17M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$1.25M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$500.00K	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-57.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.67M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.40M	USD	2 Qtrs
Operating, investing and financing activities	`NetCashUsedInProvidedByOperatingInvestingAndFinancingActivities`	$-11.04M	USD	2 Qtrs
Operating, investing and financing activities	`NetCashUsedInProvidedByOperatingInvestingAndFinancingActivities`	$-4.97M	USD	2 Qtrs
Currency translation	`EffectOfExchangeRateOnCashAndCashEquivalents`	$72.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$52.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$10.08M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$63.78M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$5.18M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$52.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$10.08M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$63.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$5.18M	USD	Point-in-time
Interest	`InterestPaid`	$155.00K	USD	2 Qtrs
Interest	`InterestPaid`	$161.00K	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$3.17M	USD	2 Qtrs
Income taxes paid, net	`IncomeTaxesPaidNet`	$13.09M	USD	2 Qtrs
Non-cash investing and financing activity - Accrual for capital expenditures, net	`CapitalExpendituresIncurredButNotYetPaid`	$510.00K	USD	2 Qtrs
Non-cash investing and financing activity - Accrual for capital expenditures, net	`CapitalExpendituresIncurredButNotYetPaid`	$-161.00K	USD	2 Qtrs

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$102.06M	USD	Point-in-time
Balance	`StockholdersEquity`	$102.66M	USD	Point-in-time
Net income	`NetIncomeLoss`	$3.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.71M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.09M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$62.00K	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$2.17M	USD	2 Qtrs
Balance	`StockholdersEquity`	$102.06M	USD	Point-in-time
Balance	`StockholdersEquity`	$102.66M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.71M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.09M	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-541.00K	USD	1 Quarter
Currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$30.00K	USD	2 Qtrs
Impact from cash flow hedges, net	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$251.00K	USD	1 Quarter
Impact from cash flow hedges, net	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$-43.00K	USD	2 Qtrs
Total other comprehensive income (loss), net	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$73.00K	USD	2 Qtrs
Total other comprehensive income (loss), net	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-792.00K	USD	1 Quarter
Total comprehensive income, net	`ComprehensiveIncomeNetOfTax`	$3.69M	USD	2 Qtrs
Total comprehensive income, net	`ComprehensiveIncomeNetOfTax`	$2.71M	USD	2 Qtrs
Total comprehensive income, net	`ComprehensiveIncomeNetOfTax`	$1.81M	USD	1 Quarter
Total comprehensive income, net	`ComprehensiveIncomeNetOfTax`	$1.30M	USD	1 Quarter

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