10-Q Filing

Atkore Inc. CIK: 1666138 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001666138-19-000010`
Period End Date	20181231
Filing Date	20190206
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	atkr-20181228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 28 Cash Flow Statement 58 Stockholders Equity 25 Comprehensive Income 14

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.53M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.76M	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`	$75.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.66M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.72M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $2,534 and $1,762, respectively	`AccountsReceivableNetCurrent`	$265.15M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	45.98M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	47.08M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $2,534 and $1,762, respectively	`AccountsReceivableNetCurrent`	$294.18M	USD	Point-in-time
Inventories, net	`InventoryNet`	$226.59M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	45.98M	shares	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	47.08M	shares	Point-in-time
Inventories, net	`InventoryNet`	$221.75M	USD	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	260,900.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$33.58M	USD	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	260,900.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$625.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$647.14M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$241.70M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$213.11M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$295.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$291.92M	USD	Point-in-time
Goodwill	`Goodwill`	$178.80M	USD	Point-in-time
Goodwill	`Goodwill`	$170.13M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$162.00K	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$1.25M	USD	Point-in-time
Other long-term assets	`NontradeReceivablesNoncurrent`	$1.61M	USD	Point-in-time
Other long-term assets	`NontradeReceivablesNoncurrent`	$2.20M	USD	Point-in-time
Total Assets	`Assets`	$1.32B	USD	Point-in-time
Total Assets	`Assets`	$1.34B	USD	Point-in-time
Short-term debt and current maturities of long-term debt	`DebtCurrent`	$26.56M	USD	Point-in-time
Short-term debt and current maturities of long-term debt	`DebtCurrent`	$26.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$134.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$156.53M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$3.93M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$542.00K	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$21.20M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$33.35M	USD	Point-in-time
Customer liabilities	`ContractWithCustomerLiabilityCurrent`	$3.38M	USD	Point-in-time
Customer liabilities	`ContractWithCustomerLiabilityCurrent`	$50.13M	USD	Point-in-time
Other current liabilities	`AccruedLiabilitiesCurrent`	$51.64M	USD	Point-in-time
Other current liabilities	`AccruedLiabilitiesCurrent`	$52.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$287.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$272.75M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$877.69M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$878.09M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$23.72M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$16.51M	USD	Point-in-time
Other long-term tax liabilities	`AccruedIncomeTaxesNoncurrent`	$1.44M	USD	Point-in-time
Other long-term tax liabilities	`AccruedIncomeTaxesNoncurrent`	$907.00K	USD	Point-in-time
Pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$16.50M	USD	Point-in-time
Pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$17.07M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$13.86M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.54M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.22B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.20B	USD	Point-in-time
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 45,980,471 and 47,079,645 shares issued and outstanding, respectively	`CommonStockValue`	$472.00K	USD	Point-in-time
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 45,980,471 and 47,079,645 shares issued and outstanding, respectively	`CommonStockValue`	$461.00K	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`	$460.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$457.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-314.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-317.37M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.16M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.44M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$257.25M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$124.16M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$360.87M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$122.06M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.32B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.34B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$452.03M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$414.56M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$317.69M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$341.77M	USD	1 Quarter
Gross profit	`GrossProfit`	$110.26M	USD	1 Quarter
Gross profit	`GrossProfit`	$96.87M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$51.59M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$56.38M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$8.69M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$8.21M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$45.66M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$36.59M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-12.16M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-6.59M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-286.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$1.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.10M	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`	$8.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$84.64M	USD	Annual
Net income	`NetIncomeLoss`	$27.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$136.65M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$84.64M	USD	Annual
Net income	`NetIncomeLoss`	$27.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$136.65M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.02M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.33M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.31M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.56M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.98M	USD	1 Quarter
Other adjustments to net income	`OtherOperatingActivitiesCashFlowStatement`	$1.56M	USD	1 Quarter
Other adjustments to net income	`OtherOperatingActivitiesCashFlowStatement`	$2.20M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-22.11M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-19.97M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.26M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-30.41M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-8.31M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$4.54M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.51M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.28M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$48.94M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.88M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.23M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$57.90M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$151.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-784.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-64.92M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.45M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLongTermLinesOfCredit`	$204.00M	USD	1 Quarter
Borrowings under credit facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Repayments under credit facility	`RepaymentsOfLongTermLinesOfCredit`	$247.00M	USD	1 Quarter
Repayments of short-term debt	`RepaymentsOfShortTermDebt`	-	USD	1 Quarter
Repayments of short-term debt	`RepaymentsOfShortTermDebt`	$1.25M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$-695.00K	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$3.31M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.68M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$24.42M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-62.00K	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`	$-25.18M	USD	1 Quarter
Effects of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-919.00K	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`	$-50.74M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.96M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$75.92M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$126.66M	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 end of period	`CashAndCashEquivalentsAtCarryingValue`	$75.92M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$126.66M	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
Capital expenditures, not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$615.00K	USD	1 Quarter
Capital expenditures, not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$1.11M	USD	1 Quarter

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$257.25M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$124.16M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$360.87M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$122.06M	USD	Point-in-time
Net income	`NetIncomeLoss`	$84.64M	USD	Annual
Net income	`NetIncomeLoss`	$27.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$136.65M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$396.00K	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.54M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.97M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.72M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.98M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.66M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.79M	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$12.17M	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$20.11M	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$-695.00K	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$13.94M	USD	Annual
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$24.42M	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$411.77M	USD	Annual
Balance at end of period	`StockholdersEquity`	$257.25M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$124.16M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$360.87M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$122.06M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$84.64M	USD	Annual
Net income	`NetIncomeLoss`	$27.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$136.65M	USD	Annual
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$331.00K	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.75M	USD	1 Quarter
Change in unrecognized loss related to pension benefit plans	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-65.00K	USD	1 Quarter
Change in unrecognized loss related to pension benefit plans	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-25.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$396.00K	USD	1 Quarter
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.54M	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$7.97M	USD	Annual
Total other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.72M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$24.23M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.59M	USD	1 Quarter

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