10-Q Filing

Atkore Inc. CIK: 1666138 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001666138-18-000028`
Period End Date	20171231
Filing Date	20180206
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	atkr-20171229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 32 Cash Flow Statement 62 Comprehensive Income 10

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.24M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.23M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$200.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.97M	USD	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	63.52M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $1,230 and $1,239, respectively	`AccountsReceivableNetCurrent`	$224.43M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	63.31M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $1,230 and $1,239, respectively	`AccountsReceivableNetCurrent`	$203.73M	USD	Point-in-time
Inventories, net	`InventoryNet`	$200.00M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	63.31M	shares	Point-in-time
Inventories, net	`InventoryNet`	$203.84M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	63.52M	shares	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	260,900.00	shares	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	260,900.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$35.61M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$23.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$505.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$470.55M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$208.62M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$207.49M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$344.29M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$337.07M	USD	Point-in-time
Goodwill	`Goodwill`	$148.06M	USD	Point-in-time
Goodwill	`Goodwill`	$147.72M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$1.88M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$1.66M	USD	Point-in-time
Non-trade receivables	`NontradeReceivablesNoncurrent`	$7.05M	USD	Point-in-time
Non-trade receivables	`NontradeReceivablesNoncurrent`	$7.00M	USD	Point-in-time
Total Assets	`Assets`	$1.17B	USD	Point-in-time
Total Assets	`Assets`	$1.22B	USD	Point-in-time
Short-term debt and current maturities of long-term debt	`DebtCurrent`	$4.21M	USD	Point-in-time
Short-term debt and current maturities of long-term debt	`DebtCurrent`	$4.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$125.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$116.75M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$2.22M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$2.58M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$18.36M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$26.39M	USD	Point-in-time
Other current liabilities	`AccruedLiabilitiesCurrent`	$53.04M	USD	Point-in-time
Other current liabilities	`AccruedLiabilitiesCurrent`	$50.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$192.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$211.84M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$527.80M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$571.86M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$12.19M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$17.46M	USD	Point-in-time
Other long-term tax liabilities	`AccruedIncomeTaxesNoncurrent`	$6.77M	USD	Point-in-time
Other long-term tax liabilities	`AccruedIncomeTaxesNoncurrent`	$6.77M	USD	Point-in-time
Pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$24.60M	USD	Point-in-time
Pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$25.24M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$19.92M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$21.05M	USD	Point-in-time
Total Liabilities	`Liabilities`	$783.38M	USD	Point-in-time
Total Liabilities	`Liabilities`	$854.22M	USD	Point-in-time
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 63,519,172 and 63,305,434 shares issued and outstanding, respectively	`CommonStockValue`	$634.00K	USD	Point-in-time
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 63,519,172 and 63,305,434 shares issued and outstanding, respectively	`CommonStockValue`	$636.00K	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`	$430.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$423.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.92M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.98M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.59M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$388.67M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$360.87M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.22B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.17B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$414.56M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$337.59M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$317.69M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$245.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$91.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$96.87M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$43.93M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$51.59M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$5.59M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$8.69M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$42.15M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$36.59M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-9.83M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-6.59M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-9.80M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$376.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-286.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.89M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$29.70M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.52M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$17.38M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.19M	USD	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	63.32M	shares	1 Quarter
Basic (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	62.64M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.99M	shares	1 Quarter
Diluted (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.92M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.41	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`	$27.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.21M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-357.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.33M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-9.80M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.56M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.72M	USD	1 Quarter
Other adjustments to net income	`OtherOperatingActivitiesCashFlowStatement`	$1.56M	USD	1 Quarter
Other adjustments to net income	`OtherOperatingActivitiesCashFlowStatement`	$1.83M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-19.97M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-31.96M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$18.61M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.40M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$9.82M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$26.18M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$32.17M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$48.94M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.23M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.96M	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`	$-784.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-14.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.45M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-926.00K	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLongTermLinesOfCredit`	$204.00M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLongTermLinesOfCredit`	$247.00M	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Repayments of short-term debt	`RepaymentsOfShortTermDebt`	$4.20M	USD	1 Quarter
Repayments of short-term debt	`RepaymentsOfShortTermDebt`	$1.25M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfSecuredDebt`	-	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 stock	`ProceedsFromIssuanceOfCommonStock`	$4.68M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.31M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.68M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-48.00K	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-47.66M	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`	$219.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.96M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-112.31M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$200.28M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.76M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.72M	USD	Point-in-time
Cash and cash equivalents at beginning 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`	$39.76M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.97M	USD	Point-in-time
Capital expenditures, not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$173.00K	USD	1 Quarter
Capital expenditures, not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$615.00K	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`	$27.19M	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.90M	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$331.00K	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`	$-65.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$396.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.57M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.59M	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.