10-Q Filing

IES HOLDINGS, INC. CIK: 1048268 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-043268`
Period End Date	20131231
Filing Date	20140210
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	iesc-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 54 Cash Flow Statement 56

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Trade, allowance	`AllowanceForDoubtfulAccountsReceivable`	$945.00K	USD	Point-in-time
Trade, allowance	`AllowanceForDoubtfulAccountsReceivable`	$980.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.25M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.76M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade, net of allowance	`AccountsReceivableNetCurrent`	$73.54M	USD	Point-in-time
Trade, net of allowance	`AccountsReceivableNetCurrent`	$66.53M	USD	Point-in-time
Retainage	`ContractReceivableRetainage`	$17.47M	USD	Point-in-time
Retainage	`ContractReceivableRetainage`	$16.50M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$20.15M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$16.65M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$8.34M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$7.56M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.77M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.20M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	18.20M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.60M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.94M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$144.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$131.09M	USD	Point-in-time
LONG-TERM RECEIVABLE, net of allowance	`AccountsReceivableNetNoncurrent`	$28.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	285,125.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	259,057.00	shares	Point-in-time
LONG-TERM RECEIVABLE, net of allowance	`AccountsReceivableNetNoncurrent`	$35.00K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$10.14M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$10.41M	USD	Point-in-time
GOODWILL	`Goodwill`	$13.92M	USD	Point-in-time
GOODWILL	`Goodwill`	$13.92M	USD	Point-in-time
INTANGIBLE ASSETS, net of amortization	`IntangibleAssetsNetExcludingGoodwill`	$4.14M	USD	Point-in-time
INTANGIBLE ASSETS, net of amortization	`IntangibleAssetsNetExcludingGoodwill`	$3.98M	USD	Point-in-time
OTHER NON-CURRENT ASSETS, net	`OtherAssetsNoncurrent`	$6.72M	USD	Point-in-time
OTHER NON-CURRENT ASSETS, net	`OtherAssetsNoncurrent`	$6.06M	USD	Point-in-time
Total assets	`Assets`	$165.16M	USD	Point-in-time
Total assets	`Assets`	$165.22M	USD	Point-in-time
Total assets	`Assets`	$179.25M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$3.53M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$3.56M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$61.63M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$74.32M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$20.68M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$20.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$85.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$98.56M	USD	Point-in-time
LONG-TERM DEBT, net of current maturities	`LongTermDebtNoncurrent`	$9.33M	USD	Point-in-time
LONG-TERM DEBT, net of current maturities	`LongTermDebtNoncurrent`	$10.21M	USD	Point-in-time
LONG-TERM DEFERRED TAX LIABILITY	`DeferredTaxLiabilitiesNoncurrent`	$905.00K	USD	Point-in-time
LONG-TERM DEFERRED TAX LIABILITY	`DeferredTaxLiabilitiesNoncurrent`	$905.00K	USD	Point-in-time
OTHER NON-CURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$7.08M	USD	Point-in-time
OTHER NON-CURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$7.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$102.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$116.77M	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized; 15,407,802 and 15,407,802 shares issued and 15,013,840 and 14,938,071 outstanding, respectively	`CommonStockValue`	$182.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized; 15,407,802 and 15,407,802 shares issued and 15,013,840 and 14,938,071 outstanding, respectively	`CommonStockValue`	$182.00K	USD	Point-in-time
Treasury stock, at cost, 451,329 and 633,898 shares, respectively	`TreasuryStockValue`	$2.33M	USD	Point-in-time
Treasury stock, at cost, 451,329 and 633,898 shares, respectively	`TreasuryStockValue`	$2.43M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$174.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$174.51M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$12.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$17.00K	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-109.77M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-109.89M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$62.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$62.65M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$179.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$165.22M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$120.08M	USD	1 Quarter
Revenues	`Revenues`	$127.26M	USD	1 Quarter
Cost of services	`CostOfServices`	$109.28M	USD	1 Quarter
Cost of services	`CostOfServices`	$101.96M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$18.12M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.57M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$14.92M	USD	1 Quarter
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets`	$41.00K	USD	1 Quarter
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets`	$19.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$3.08M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$585.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$607.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$518.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$12.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncome`	$196.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncome`	$-1.73M	USD	1 Quarter
Interest and other expense, net	`NonoperatingIncomeExpense`	$-321.00K	USD	1 Quarter
Interest and other expense, net	`NonoperatingIncomeExpense`	$-2.33M	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$264.00K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$748.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-1.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$115.00K	USD	1 Quarter
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$265.00K	USD	1 Quarter
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$633.00K	USD	1 Quarter
Income (loss) from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-141.00K	USD	1 Quarter
Income (loss) from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-138.00K	USD	1 Quarter
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	1 Quarter
Provision (benefit) for income taxes	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-15.00K	USD	1 Quarter
Net income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-123.00K	USD	1 Quarter
Net income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-141.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$124.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$510.00K	USD	1 Quarter
Interest Rate Swap	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Interest Rate Swap	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$12.00K	USD	1 Quarter
Comprehensive Income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$510.00K	USD	1 Quarter
Comprehensive Income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$136.00K	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.04	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.02	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.02	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.04	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.82M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.92M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.90M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$124.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$510.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$45.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-138.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$209.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$127.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$539.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$617.00K	USD	1 Quarter
Gain on sale of assets	`GainsLossesOnSalesOfAssets`	$-56.00K	USD	1 Quarter
Gain on sale of assets	`GainsLossesOnSalesOfAssets`	$-14.00K	USD	1 Quarter
Non-cash compensation expense	`AmortizationOfRestrictedStockNonCashCompensationExpense`	$492.00K	USD	1 Quarter
Non-cash compensation expense	`AmortizationOfRestrictedStockNonCashCompensationExpense`	$200.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.05M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.38M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.11M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInCostsAndEstimatedEarningsInExcessOfBillings`	$-149.00K	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInCostsAndEstimatedEarningsInExcessOfBillings`	$-777.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.92M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.26M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-199.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-510.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.43M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.68M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-577.00K	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-2.33M	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-24.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-11.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.20M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.29M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$369.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$267.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-267.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-369.00K	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	$877.00K	USD	1 Quarter
Repayments of debt	`RepaymentsOfDebt`	$24.00K	USD	1 Quarter
Purchase of treasury stock	`PurchaseOfTreasuryStock`	$161.00K	USD	1 Quarter
Purchase of treasury stock	`PurchaseOfTreasuryStock`	$346.00K	USD	1 Quarter
Changes In Restricted Cash	`ChangesInRestrictedCashFin`	$-409.00K	USD	1 Quarter
Changes In Restricted Cash	`ChangesInRestrictedCashFin`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-779.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.04M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.50M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.14M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.25M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.73M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.25M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.87M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.73M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.76M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$419.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$264.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$95.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$62.00K	USD	1 Quarter

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