10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-182295`
Period End Date	20140331
Filing Date	20140505
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	wire-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 28 Cash Flow Statement 44

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.06M	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.06M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.88M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.82M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Accounts receivable, net of allowance of $2,065 and $2,065	`AccountsReceivableNetCurrent`	$219.15M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Accounts receivable, net of allowance of $2,065 and $2,065	`AccountsReceivableNetCurrent`	$215.74M	USD	Point-in-time
Inventories	`InventoryNet`	$75.62M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$70.78M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.77M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.63M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.65M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$4.76M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$353.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.93M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.93M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.01M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$330.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$336.07M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$47.32M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$48.27M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$12.22M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$14.37M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$90.93M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$93.41M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$224.50M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$225.25M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$8.56M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$8.56M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$389.86M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$383.54M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$193.07M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$189.29M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$196.79M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$194.25M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.51M	USD	Point-in-time
Total assets	`Assets`	$525.83M	USD	Point-in-time
Total assets	`Assets`	$534.45M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$23.46M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$28.47M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$17.65M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$23.01M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.45M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$47.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.12M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.33M	USD	Point-in-time
Non-current deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$20.79M	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 - 26,648,153 and 26,631,653	`CommonStockValue`	$266.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 40,000,000; Issued shares - 26,648,153 and 26,631,653	`CommonStockValue`	$266.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$49.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$49.46M	USD	Point-in-time
Treasury stock, at cost - 5,934,651 and 5,934,651 shares	`TreasuryStockValue`	$88.13M	USD	Point-in-time
Treasury stock, at cost - 5,934,651 and 5,934,651 shares	`TreasuryStockValue`	$88.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$505.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$494.99M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$456.58M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$467.53M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$534.45M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$525.83M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$277.20M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$265.35M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$245.02M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$241.05M	USD	1 Quarter
Gross profit	`GrossProfit`	$32.18M	USD	1 Quarter
Gross profit	`GrossProfit`	$24.30M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.45M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.15M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.73M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$9.15M	USD	1 Quarter
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$16.00K	USD	1 Quarter
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$17.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.17M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.74M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.89M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.39M	USD	1 Quarter
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Weighted average common and common equivalent shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.70M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.66M	shares	1 Quarter
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.73M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.84M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$10.85M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.90M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-506.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.87M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$16.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-89.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.41M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.81M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.84M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-9.29M	USD	1 Quarter
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.74M	USD	1 Quarter
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-349.00K	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.86M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-602.00K	USD	1 Quarter
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-2.15M	USD	1 Quarter
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-4.12M	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.78M	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$6.48M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.59M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.42M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$32.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.59M	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.46M	USD	1 Quarter
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$70.00K	USD	1 Quarter
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$330.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$413.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$414.00K	USD	1 Quarter
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$11.00K	USD	1 Quarter
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$102.00K	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$18.00K	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-332.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.14M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$44.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.74M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.88M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.78M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.74M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.82M	USD	Point-in-time

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