10-Q Filing

INSTALLED BUILDING PRODUCTS, INC. CIK: 1580905 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-582875`
Period End Date	20160331
Filing Date	20160509
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	ibp-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 32 Cash Flow Statement 70 Stockholders Equity 22

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.49M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.70M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.82M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.70M	USD	Point-in-time
Accounts receivable (less allowance for doubtful accounts of $2,702 and $2,486 at March 31, 2016 and December 31, 2015, respectively)	`AccountsReceivableNetCurrent`	$103.20M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable (less allowance for doubtful accounts of $2,702 and $2,486 at March 31, 2016 and December 31, 2015, respectively)	`AccountsReceivableNetCurrent`	$107.29M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$31.01M	USD	Point-in-time
Inventories	`InventoryNet`	$29.34M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.91M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.88M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$158.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$150.23M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$57.59M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.98M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.98M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$60.43M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.37M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.33M	shares	Point-in-time
Treasury Stock	`TreasuryStockShares`	616,560.00	shares	Point-in-time
Treasury Stock	`TreasuryStockShares`	648,927.00	shares	Point-in-time
Goodwill	`Goodwill`	$93.72M	USD	Point-in-time
Goodwill	`Goodwill`	$90.51M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$67.22M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$69.78M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$9.22M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$8.02M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$172.71M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$165.75M	USD	Point-in-time
Total assets	`Assets`	$392.05M	USD	Point-in-time
Total assets	`Assets`	$373.57M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$10.02M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$10.90M	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$7.96M	USD	Point-in-time
Current maturities of capital lease obligations	`CapitalLeaseObligationsCurrent`	$8.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.87M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$14.49M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$16.75M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$13.63M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$13.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.78M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$97.42M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$118.21M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$113.21M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$12.03M	USD	Point-in-time
Capital lease obligations, less current maturities	`CapitalLeaseObligationsNoncurrent`	$11.26M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$15.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$14.58M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$21.84M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$22.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$272.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$259.09M	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock value	`PreferredStockValue`	-	USD	Point-in-time
Common Stock; $0.01 par value: 100,000,000 authorized, 31,982,888 issued and 31,333,961 and 31,366,328 shares outstanding at March 31, 2016 and December 31, 2015, respectively (Note 6)	`CommonStockValue`	$320.00K	USD	Point-in-time
Common Stock; $0.01 par value: 100,000,000 authorized, 31,982,888 issued and 31,333,961 and 31,366,328 shares outstanding at March 31, 2016 and December 31, 2015, respectively (Note 6)	`CommonStockValue`	$320.00K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$157.22M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$156.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.14M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-25.33M	USD	Point-in-time
Treasury Stock; at cost: 648,927 and 616,560 shares at March 31, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$12.22M	USD	Point-in-time
Treasury Stock; at cost: 648,927 and 616,560 shares at March 31, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$11.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$91.87M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$87.12M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$120.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$114.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$392.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$373.57M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$129.95M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$191.70M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$95.82M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$137.11M	USD	1 Quarter
Gross profit	`GrossProfit`	$54.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$34.13M	USD	1 Quarter
Selling	`SellingExpense`	$8.11M	USD	1 Quarter
Selling	`SellingExpense`	$11.25M	USD	1 Quarter
Administrative	`GeneralAndAdministrativeExpense`	$30.28M	USD	1 Quarter
Administrative	`GeneralAndAdministrativeExpense`	$22.24M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$789.00K	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$2.48M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.99M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$10.58M	USD	1 Quarter
Interest expense	`InterestExpense`	$698.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.55M	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-104.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-25.00K	USD	1 Quarter
Non-operating (income) expense	`NonoperatingIncomeExpense`	$-1.66M	USD	1 Quarter
Non-operating (income) expense	`NonoperatingIncomeExpense`	$-723.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.92M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.27M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.02M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.11M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.81M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.24M	USD	1 Quarter
Basic and diluted net income per share attributable to common stockholders	`EarningsPerShareBasicAndDiluted`	$0.04	USD	1 Quarter
Basic and diluted net income per share attributable to common stockholders	`EarningsPerShareBasicAndDiluted`	$0.19	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.49M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	31.24M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.49M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.33M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Cash acquired, Net	`CashAcquiredFromAcquisition`	-	USD	1 Quarter
Cash acquired, Net	`CashAcquiredFromAcquisition`	$661.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.24M	USD	1 Quarter
Depreciation and amortization of property and equipment	`DepreciationAndAmortization`	$3.50M	USD	1 Quarter
Depreciation and amortization of property and equipment	`DepreciationAndAmortization`	$5.44M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$789.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$2.48M	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$77.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$36.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$521.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$536.00K	USD	1 Quarter
Write-off of debt issuance costs	`WriteOffOfDeferredDebtIssuanceCost`	$286.00K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets`	$68.00K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets`	$79.00K	USD	1 Quarter
Noncash stock compensation	`ShareBasedCompensation`	$536.00K	USD	1 Quarter
Noncash stock compensation	`ShareBasedCompensation`	$102.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$708.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.09M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.04M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$796.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.36M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.62M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-282.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-923.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.56M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$1.05M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInIncomeTaxes`	$284.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.85M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.99M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.99M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.83M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.50M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.67M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired of $0 and $661, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$30.02M	USD	1 Quarter
Acquisitions of businesses, net of cash acquired of $0 and $661, respectively	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$8.80M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$190.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$153.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-35.53M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.11M	USD	1 Quarter
Proceeds from vehicle and equipment notes payable	`ProceedsFromNotesPayable`	$4.93M	USD	1 Quarter
Proceeds from vehicle and equipment notes payable	`ProceedsFromNotesPayable`	$4.36M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.23M	USD	1 Quarter
Principal payments on long term debt	`RepaymentsOfLongTermDebt`	$1.12M	USD	1 Quarter
Principal payments on long term debt	`RepaymentsOfLongTermDebt`	$766.00K	USD	1 Quarter
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$2.41M	USD	1 Quarter
Principal payments on capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$2.35M	USD	1 Quarter
Acquisition-related obligations	`PaymentsOfMergerRelatedCostsFinancingActivities`	$1.11M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.10M	USD	1 Quarter
Surrender of restricted stock by employees	`SurrenderOfRestrictedStockByEmployees`	$836.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$165.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.13M	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.42M	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.88M	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$6.35M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$11.70M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$6.82M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$10.76M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$6.35M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$11.70M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$6.82M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$10.76M	USD	Point-in-time
Interest	`InterestPaidNet`	$1.16M	USD	1 Quarter
Interest	`InterestPaidNet`	$646.00K	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$-24.00K	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$2.40M	USD	1 Quarter
Vehicles capitalized under capital leases and related lease obligations	`CapitalLeaseObligationsIncurred`	$509.00K	USD	1 Quarter
Vehicles capitalized under capital leases and related lease obligations	`CapitalLeaseObligationsIncurred`	$1.25M	USD	1 Quarter
Seller obligations in connection with acquisition of businesses	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	$1.05M	USD	1 Quarter
Seller obligations in connection with acquisition of businesses	`BusinessCombinationConsiderationTransferredLiabilitiesIncurred`	$5.49M	USD	1 Quarter

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
BALANCE	`StockholdersEquity`	$91.87M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$87.12M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$120.00M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$114.48M	USD	Point-in-time
BALANCE, Shares	`CommonStockSharesIssued`	31.98M	shares	Point-in-time
BALANCE, Shares	`CommonStockSharesIssued`	31.98M	shares	Point-in-time
BALANCE, Treasury Shares	`TreasuryStockShares`	616,560.00	shares	Point-in-time
BALANCE, Treasury Shares	`TreasuryStockShares`	648,927.00	shares	Point-in-time
Net income	`NetIncomeLoss`	$5.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.24M	USD	1 Quarter
Surrender of Restricted Stock Awards by Employees, Value	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$836.00K	USD	1 Quarter
Share-Based Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$102.00K	USD	1 Quarter
Share-Based Compensation Expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$536.00K	USD	1 Quarter
Common Stock Repurchase, Value	`TreasuryStockValueAcquiredCostMethod`	$6.10M	USD	1 Quarter
BALANCE	`StockholdersEquity`	$91.87M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$87.12M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$120.00M	USD	Point-in-time
BALANCE	`StockholdersEquity`	$114.48M	USD	Point-in-time
BALANCE, Shares	`CommonStockSharesIssued`	31.98M	shares	Point-in-time
BALANCE, Shares	`CommonStockSharesIssued`	31.98M	shares	Point-in-time
BALANCE, Treasury Shares	`TreasuryStockShares`	616,560.00	shares	Point-in-time
BALANCE, Treasury Shares	`TreasuryStockShares`	648,927.00	shares	Point-in-time

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