10-Q Filing

Atkore Inc. CIK: 1666138 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001666138-17-000006`
Period End Date	20161231
Filing Date	20170207
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	atkr-20161230.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 30 Cash Flow Statement 62 Comprehensive Income 10

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$958.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.01M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$80.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$200.28M	USD	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.21M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $958 and $1,006, respectively	`AccountsReceivableNetCurrent`	$192.09M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	63.09M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $958 and $1,006, respectively	`AccountsReceivableNetCurrent`	$158.95M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	62.46M	shares	Point-in-time
Inventories, net	`InventoryNet`	$178.84M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	62.46M	shares	Point-in-time
Inventories, net	`InventoryNet`	$161.47M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	63.09M	shares	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	260,900.00	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$6.68M	USD	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	260,900.00	shares	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.31M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.82M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$582.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$447.89M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$198.06M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$202.69M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$254.94M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$249.35M	USD	Point-in-time
Goodwill	`Goodwill`	$115.83M	USD	Point-in-time
Goodwill	`Goodwill`	$115.83M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$945.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$944.00K	USD	Point-in-time
Non-trade receivables	`NontradeReceivablesNoncurrent`	$7.16M	USD	Point-in-time
Non-trade receivables	`NontradeReceivablesNoncurrent`	$7.24M	USD	Point-in-time
Total Assets	`Assets`	$1.02B	USD	Point-in-time
Total Assets	`Assets`	$1.16B	USD	Point-in-time
Short-term debt and current maturities of long-term debt	`DebtCurrent`	$1.27M	USD	Point-in-time
Short-term debt and current maturities of long-term debt	`DebtCurrent`	$4.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$102.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$114.12M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$2.33M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$4.41M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$87.11M	USD	Point-in-time
Accrued and other current liabilities	`AccruedLiabilitiesCurrent`	$66.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$177.13M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$489.52M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$629.05M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$12.47M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$12.83M	USD	Point-in-time
Other long-term tax liabilities	`AccruedIncomeTaxesNoncurrent`	$6.84M	USD	Point-in-time
Other long-term tax liabilities	`AccruedIncomeTaxesNoncurrent`	$6.84M	USD	Point-in-time
Pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$34.94M	USD	Point-in-time
Pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$35.17M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$17.89M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$18.61M	USD	Point-in-time
Total Liabilities	`Liabilities`	$907.32M	USD	Point-in-time
Total Liabilities	`Liabilities`	$738.78M	USD	Point-in-time
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 63,088,752 and 62,458,367 shares issued and outstanding, respectively	`CommonStockValue`	$632.00K	USD	Point-in-time
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 63,088,752 and 62,458,367 shares issued and outstanding, respectively	`CommonStockValue`	$626.00K	USD	Point-in-time
Treasury stock, held at cost, 260,900 and 260,900 shares, respectively	`TreasuryStockValue`	$2.58M	USD	Point-in-time
Treasury stock, held at cost, 260,900 and 260,900 shares, respectively	`TreasuryStockValue`	$2.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$398.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$405.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-95.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-113.14M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.52M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.95M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$257.25M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$280.45M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.02B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.16B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$337.59M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$358.38M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$245.59M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$285.97M	USD	1 Quarter
Gross profit	`GrossProfit`	$72.41M	USD	1 Quarter
Gross profit	`GrossProfit`	$92.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$43.89M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$43.84M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$5.52M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$5.59M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.05M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$42.52M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-9.83M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-9.88M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-9.80M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$13.17M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.89M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.60M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.57M	USD	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.47M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.64M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.92M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	62.47M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.57M	USD	1 Quarter
Loss on sale of fixed assets and assets held for sale	`GainLossOnDispositionOfAssets`	$-7.00K	USD	1 Quarter
Loss on sale of fixed assets and assets held for sale	`GainLossOnDispositionOfAssets`	$-433.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.63M	USD	1 Quarter
Amortization of debt issuance costs and original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$909.00K	USD	1 Quarter
Amortization of debt issuance costs and original issue discount	`AmortizationOfFinancingCostsAndDiscounts`	$723.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.55M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-357.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-9.80M	USD	1 Quarter
Provision (credit) for losses on accounts receivable and inventory	`ProvisionforDoubtfulAccountsandInventoryWritedown`	$675.00K	USD	1 Quarter
Provision (credit) for losses on accounts receivable and inventory	`ProvisionforDoubtfulAccountsandInventoryWritedown`	$-343.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.72M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.04M	USD	1 Quarter
Other adjustments to net income	`OtherOperatingActivitiesCashFlowStatement`	$-648.00K	USD	1 Quarter
Other adjustments to net income	`OtherOperatingActivitiesCashFlowStatement`	-	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-23.36M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$12.84M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$51.95M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.17M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.66M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.96M	USD	1 Quarter
Proceeds from sale of properties and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$14.00K	USD	1 Quarter
Proceeds from sale of properties and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$34.00K	USD	1 Quarter
Proceeds from sale of other assets	`ProceedsFromSaleOfOtherAssetsInvestingActivities`	-	USD	1 Quarter
Proceeds from sale of other assets	`ProceedsFromSaleOfOtherAssetsInvestingActivities`	$458.00K	USD	1 Quarter
Proceeds from sale of assets held for sale	`ProceedsFromDivestitureOfBusinesses`	$3.02M	USD	1 Quarter
Proceeds from sale of assets held for sale	`ProceedsFromDivestitureOfBusinesses`	-	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$20.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-926.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.19M	USD	1 Quarter
Repayments of short-term debt	`RepaymentsOfShortTermDebt`	$4.20M	USD	1 Quarter
Repayments of short-term debt	`RepaymentsOfShortTermDebt`	$315.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfSecuredDebt`	$1.05M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfSecuredDebt`	$637.35M	USD	1 Quarter
Issuance of long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	$498.75M	USD	1 Quarter
Issuance of long-term debt	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	1 Quarter
Payment for debt financing costs and fees	`PaymentsOfDebtIssuanceCosts`	$4.29M	USD	1 Quarter
Payment for debt financing costs and fees	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$4.68M	USD	1 Quarter
Issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$26.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00K	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.34M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-142.41M	USD	1 Quarter
Effects of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.14M	USD	1 Quarter
Effects of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$198.00K	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-112.31M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$46.61M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$80.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$200.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$127.21M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$80.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$200.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$127.21M	USD	Point-in-time
Capital expenditures, not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$173.00K	USD	1 Quarter
Capital expenditures, not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$52.00K	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.57M	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.90M	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$35.00K	USD	1 Quarter
Change in unrecognized loss related to pension benefit plans	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-326.00K	USD	1 Quarter
Change in unrecognized loss related to pension benefit plans	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-180.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$215.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.57M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.79M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.81M	USD	1 Quarter

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