10-Q Filing

IES HOLDINGS, INC. CIK: 1048268 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-453210`
Period End Date	20151231
Filing Date	20160208
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	iesc-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 46 Cash Flow Statement 56

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Trade, allowance	`AllowanceForDoubtfulAccountsReceivable`	$842.00K	USD	Point-in-time
Trade, allowance	`AllowanceForDoubtfulAccountsReceivable`	$944.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$47.34M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade, net of allowance of $944 and $842, respectively	`AccountsReceivableNetCurrent`	$92.98M	USD	Point-in-time
Trade, net of allowance of $944 and $842, respectively	`AccountsReceivableNetCurrent`	$87.51M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Retainage	`ContractReceivableRetainage`	$16.75M	USD	Point-in-time
Retainage	`ContractReceivableRetainage`	$17.45M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.05M	shares	Point-in-time
Inventories	`InventoryNet`	$13.98M	USD	Point-in-time
Inventories	`InventoryNet`	$13.37M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	22.05M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.46M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.48M	shares	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$12.32M	USD	Point-in-time
Costs and estimated earnings in excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrPrograms`	$8.09M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	588,287.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	573,788.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.48M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$189.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$178.51M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$12.70M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$11.68M	USD	Point-in-time
GOODWILL	`Goodwill`	$19.41M	USD	Point-in-time
GOODWILL	`Goodwill`	$17.25M	USD	Point-in-time
INTANGIBLE ASSETS, net of amortization	`IntangibleAssetsNetExcludingGoodwill`	$7.93M	USD	Point-in-time
INTANGIBLE ASSETS, net of amortization	`IntangibleAssetsNetExcludingGoodwill`	$4.72M	USD	Point-in-time
OTHER NON-CURRENT ASSETS, net	`OtherAssetsNoncurrent`	$4.54M	USD	Point-in-time
OTHER NON-CURRENT ASSETS, net	`OtherAssetsNoncurrent`	$4.01M	USD	Point-in-time
Total assets	`Assets`	$223.08M	USD	Point-in-time
Total assets	`Assets`	$198.54M	USD	Point-in-time
Total assets	`Assets`	$226.71M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$4.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$82.91M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$74.48M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$24.07M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCost`	$25.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$98.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$108.08M	USD	Point-in-time
LONG-TERM DEBT, net of current maturities	`LongTermDebtNoncurrent`	$10.24M	USD	Point-in-time
LONG-TERM DEBT, net of current maturities	`LongTermDebtNoncurrent`	$10.23M	USD	Point-in-time
OTHER NON-CURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$6.93M	USD	Point-in-time
OTHER NON-CURRENT LIABILITIES	`OtherLiabilitiesNoncurrent`	$6.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$125.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$115.72M	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized; 22,049,529 and 22,049,529 shares issued and 21,461,242 and 21,475,741 outstanding, respectively	`CommonStockValue`	$220.00K	USD	Point-in-time
Common stock, $0.01 par value, 100,000,000 shares authorized; 22,049,529 and 22,049,529 shares issued and 21,461,242 and 21,475,741 outstanding, respectively	`CommonStockValue`	$220.00K	USD	Point-in-time
Treasury stock, at cost, 588,287 and 573,788 shares, respectively	`TreasuryStockValue`	$4.52M	USD	Point-in-time
Treasury stock, at cost, 588,287 and 573,788 shares, respectively	`TreasuryStockValue`	$4.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$193.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$193.89M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-82.23M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-88.03M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$107.36M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$101.41M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$223.08M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$226.71M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$150.77M	USD	1 Quarter
Revenues	`Revenues`	$136.34M	USD	1 Quarter
Cost of services	`CostOfServices`	$113.63M	USD	1 Quarter
Cost of services	`CostOfServices`	$123.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$27.63M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$22.51M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$18.70M	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets`	$-6.00K	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets`	$-1.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$5.12M	USD	1 Quarter
Interest expense	`InterestExpense`	$288.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$293.00K	USD	1 Quarter
Other (income) expense, net	`OtherOperatingIncomeExpenseNet`	$28.00K	USD	1 Quarter
Other (income) expense, net	`OtherOperatingIncomeExpenseNet`	$29.00K	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.86M	USD	1 Quarter
Income from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.74M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$265.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-942.00K	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$5.80M	USD	1 Quarter
Net income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$3.47M	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-181.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.80M	USD	1 Quarter
Unrealized loss on interest hedge, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.00K	USD	1 Quarter
Unrealized loss on interest hedge, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.29M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.80M	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.27	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.16	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.16	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.27	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.27M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	21.73M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.35M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.78M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.80M	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$114.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$40.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$75.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$90.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$816.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$579.00K	USD	1 Quarter
Loss on Sales of Assets	`GainsLossesOnSalesOfAssets`	$-1.00K	USD	1 Quarter
Loss on Sales of Assets	`GainsLossesOnSalesOfAssets`	$-6.00K	USD	1 Quarter
Non-cash compensation expense	`RestrictedStockExpense`	$215.00K	USD	1 Quarter
Non-cash compensation expense	`RestrictedStockExpense`	$111.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.24M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.85M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.15M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.23M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	$-4.23M	USD	1 Quarter
Costs and estimated earnings in excess of billings	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	$1.17M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.41M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.66M	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$50.00K	USD	1 Quarter
Other non-current assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$60.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.23M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.69M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-2.17M	USD	1 Quarter
Billings in excess of costs and estimated earnings	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-1.10M	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$54.00K	USD	1 Quarter
Other non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.91M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$136.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$699.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$352.00K	USD	1 Quarter
Consideration for acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$7.54M	USD	1 Quarter
Consideration for acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.89M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-699.00K	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfDebt`	-	USD	1 Quarter
Borrowings of debt	`ProceedsFromIssuanceOfDebt`	$7.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$102.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$72.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-65.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-102.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-665.00K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.05M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.68M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.34M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.31M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.68M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.34M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$194.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$201.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$291.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	$263.00K	USD	1 Quarter

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