10-Q Filing

Atkore Inc. CIK: 1666138 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001666138-20-000040`
Period End Date	20191231
Filing Date	20200204
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	a1q20interimreport_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 26 Cash Flow Statement 51 Stockholders Equity 17 Comprehensive Income 10

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.99M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.61M	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`	$164.13M	USD	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$123.42M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	46.96M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	47.48M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $2,992 and $2,608, respectively	`AccountsReceivableNetCurrent`	$315.35M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $2,992 and $2,608, respectively	`AccountsReceivableNetCurrent`	$291.88M	USD	Point-in-time
Inventories, net	`InventoryNet`	$242.69M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	46.96M	shares	Point-in-time
Inventories, net	`InventoryNet`	$226.09M	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	47.48M	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`	$32.25M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$34.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$699.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$730.95M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$255.22M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$260.70M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$279.75M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$285.68M	USD	Point-in-time
Goodwill	`Goodwill`	$188.10M	USD	Point-in-time
Goodwill	`Goodwill`	$186.23M	USD	Point-in-time
Right-of-use assets, net	`OperatingAndFinanceLeaseRightofUseAssetNet`	$44.14M	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$577.00K	USD	Point-in-time
Deferred tax assets	`DeferredIncomeTaxAssetsNet`	$735.00K	USD	Point-in-time
Other long-term assets	`NontradeReceivablesNoncurrent`	$1.24M	USD	Point-in-time
Other long-term assets	`NontradeReceivablesNoncurrent`	$4.26M	USD	Point-in-time
Total Assets	`Assets`	$1.44B	USD	Point-in-time
Total Assets	`Assets`	$1.50B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$132.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$150.68M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$2.16M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$3.99M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$35.77M	USD	Point-in-time
Accrued compensation and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$21.64M	USD	Point-in-time
Customer liabilities	`ContractWithCustomerLiabilityCurrent`	$44.98M	USD	Point-in-time
Customer liabilities	`ContractWithCustomerLiabilityCurrent`	$50.26M	USD	Point-in-time
Lease obligations	`OperatingAndFinanceLeaseLiabilityCurrent`	$12.61M	USD	Point-in-time
Other current liabilities	`AccruedLiabilitiesCurrent`	$53.94M	USD	Point-in-time
Other current liabilities	`AccruedLiabilitiesCurrent`	$58.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$280.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$287.53M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$845.24M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$845.32M	USD	Point-in-time
Long-term lease obligations	`OperatingAndFinanceLeaseLiabilityNoncurrent`	$33.06M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$23.40M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$19.99M	USD	Point-in-time
Other long-term tax liabilities	`AccruedIncomeTaxesNoncurrent`	$848.00K	USD	Point-in-time
Other long-term tax liabilities	`AccruedIncomeTaxesNoncurrent`	$3.67M	USD	Point-in-time
Pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$34.51M	USD	Point-in-time
Pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$33.51M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.94M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$13.04M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.23B	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, 47,478,557 and 46,955,163 shares issued and outstanding, respectively	`CommonStockValue`	$471.00K	USD	Point-in-time
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 47,478,557 and 46,955,163 shares issued and outstanding, respectively	`CommonStockValue`	$476.00K	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`	$477.14M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$477.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-166.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-200.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-41.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-36.38M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$272.13M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$122.06M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$232.94M	USD	Point-in-time
Total Equity	`StockholdersEquity`	$124.16M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.50B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.44B	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$447.45M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$452.03M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$341.77M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$330.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$110.26M	USD	1 Quarter
Gross profit	`GrossProfit`	$116.84M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$56.38M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$56.22M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$8.21M	USD	1 Quarter
Intangible asset amortization	`AmortizationOfIntangibleAssets`	$8.11M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$45.66M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$52.52M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-12.16M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-10.62M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$234.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$42.13M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.34M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$34.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.95M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.72	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.95M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.73M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.09M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.31M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$2.98M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.12M	USD	1 Quarter
Amortization of right-of-use assets	`FinanceLeaseRightOfUseAssetAmortization`	$3.63M	USD	1 Quarter
Other adjustments to net income	`OtherOperatingActivitiesCashFlowStatement`	$2.20M	USD	1 Quarter
Other adjustments to net income	`OtherOperatingActivitiesCashFlowStatement`	$2.85M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.14M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-22.11M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$17.64M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.26M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-30.41M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-14.90M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$6.64M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$4.54M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.28M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$52.17M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.81M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.88M	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`	$-15.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$151.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-64.92M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.79M	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$-695.00K	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$-2.98M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$24.42M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-60.00K	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-62.00K	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.04M	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	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.38M	USD	1 Quarter
Effects of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-919.00K	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$40.72M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-50.74M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$164.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$123.42M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$75.92M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$164.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$126.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$123.42M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$75.92M	USD	Point-in-time
Capital expenditures, not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$1.11M	USD	1 Quarter
Capital expenditures, not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$618.00K	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquity`	$272.13M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$122.06M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$232.94M	USD	Point-in-time
Balance at beginning of period	`StockholdersEquity`	$124.16M	USD	Point-in-time
Net income	`NetIncomeLoss`	$34.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.95M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.72M	USD	1 Quarter
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.32M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.12M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.98M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$-2.98M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$-695.00K	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$24.42M	USD	1 Quarter
Balance at end of period	`StockholdersEquity`	$272.13M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$122.06M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$232.94M	USD	Point-in-time
Balance at end of period	`StockholdersEquity`	$124.16M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$34.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$26.95M	USD	1 Quarter
Change in foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$5.11M	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`	$-25.00K	USD	1 Quarter
Change in unrecognized loss related to pension benefit plans	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-207.00K	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.72M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.32M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$40.11M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$24.23M	USD	1 Quarter

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