10-Q Filing

ENCORE WIRE CORP CIK: 850460 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-392159`
Period End Date	20140930
Filing Date	20141031
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	wire-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 56 Cash Flow Statement 46

Balance Sheet 80 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`	$16.14M	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`	$33.88M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.84M	USD	Point-in-time
Accounts receivable, net of allowance of $2,065 and $2,065	`AccountsReceivableNetCurrent`	$230.18M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance of $2,065 and $2,065	`AccountsReceivableNetCurrent`	$215.74M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Inventories	`InventoryNet`	$80.47M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	40.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$4.76M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$414.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.65M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.63M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.58M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$2.01M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.93M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.93M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$352.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$330.07M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$47.32M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$48.30M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$12.22M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$29.26M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$90.93M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$96.41M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$224.50M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$227.48M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$8.65M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$8.56M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$383.54M	USD	Point-in-time
Total property, plant and equipment	`PropertyPlantAndEquipmentGross`	$410.10M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$189.29M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$199.87M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$210.23M	USD	Point-in-time
Property, plant and equipment - net	`PropertyPlantAndEquipmentNet`	$194.25M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.51M	USD	Point-in-time
Total assets	`Assets`	$564.35M	USD	Point-in-time
Total assets	`Assets`	$525.83M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$23.46M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$24.86M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$23.01M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$26.18M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.90M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.45M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$47.92M	USD	Point-in-time
Non-current deferred income taxes and other	`DeferredTaxLiabilitiesNoncurrent`	$20.05M	USD	Point-in-time
Non-current deferred income taxes and other	`DeferredTaxLiabilitiesNoncurrent`	$21.33M	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 - 26,654,703 and 26,631,653	`CommonStockValue`	$267.00K	USD	Point-in-time
Common stock, $.01 par value: Authorized shares - 40,000,000; Issued shares - 26,654,703 and 26,631,653	`CommonStockValue`	$266.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$49.46M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$50.42M	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`	$494.99M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$525.82M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$456.58M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$488.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$525.83M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$564.35M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$881.64M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$309.93M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$864.74M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$297.35M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$762.38M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$781.88M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$263.28M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$272.02M	USD	1 Quarter
Gross profit	`GrossProfit`	$99.76M	USD	3 Qtrs
Gross profit	`GrossProfit`	$37.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$34.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$102.36M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.13M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.44M	USD	1 Quarter
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$48.48M	USD	3 Qtrs
Selling, general, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.13M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$20.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.63M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$48.63M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$53.87M	USD	3 Qtrs
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$44.00K	USD	3 Qtrs
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$32.00K	USD	3 Qtrs
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$10.00K	USD	1 Quarter
Net interest and other (income) expenses	`NonoperatingIncomeExpense`	$13.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$53.91M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.64M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.79M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$48.66M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.22M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.99M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.58M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.59M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$11.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.07M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$35.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.80M	USD	1 Quarter
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$1.73	USD	3 Qtrs
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Net income per common and common equivalent share - basic	`EarningsPerShareBasic`	$1.55	USD	3 Qtrs
Weighted average common and common equivalent shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.72M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.68M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.66M	shares	3 Qtrs
Weighted average common and common equivalent shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	20.71M	shares	3 Qtrs
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$1.54	USD	3 Qtrs
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$1.72	USD	3 Qtrs
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Net income per common and common equivalent share - diluted	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.77M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.82M	shares	1 Quarter
Weighted average common and common equivalent shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.74M	shares	3 Qtrs
Weighted average common and common equivalent shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.83M	shares	3 Qtrs
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`	$0.02	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.06	USD	3 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.07M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$35.70M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.63M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.95M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.84M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.94M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-214.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-324.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$38.95M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$14.44M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.96M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$9.69M	USD	3 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.60M	USD	3 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.28M	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$697.00K	USD	3 Qtrs
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.58M	USD	3 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$1.82M	USD	3 Qtrs
Current income taxes receivable / payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$3.56M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$29.29M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$22.48M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.62M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$39.47M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$75.00K	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$32.00K	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-26.58M	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-39.47M	USD	3 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$483.00K	USD	3 Qtrs
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$439.00K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$1.24M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$1.24M	USD	3 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$114.00K	USD	3 Qtrs
Excess tax benefits of options exercised	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$53.00K	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-749.00K	USD	3 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-646.00K	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.74M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.07M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.14M	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`	$33.88M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$16.14M	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`	$33.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.84M	USD	Point-in-time

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