$PATK
PATRICK INDUSTRIES INC Stock $patk

$patk Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000007660524000109 Filed on May 09, 2024

Income Statement

Concept	2024 Q2	2024 Q1
Revenue	$1.017B	$933.5M
YoY Change	12.95%
Cost Of Revenue	$785.3M	$728.6M
YoY Change	11.26%
Gross Profit	$231.3M	$204.9M
YoY Change	19.07%
Gross Profit Margin	22.75%	21.95%
Selling, General & Admin	$83.59M	$122.7M
YoY Change	-29.31%
% of Gross Profit	36.14%	59.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$41.48M	$40.34M
YoY Change	16.81%
% of Gross Profit	17.93%	19.69%
Operating Expenses	$146.6M	$145.5M
YoY Change	6.23%
Operating Profit	$84.69M	$59.34M
YoY Change	50.6%
Interest Expense	-$20.34M	-$20.09M
YoY Change	10.06%
% of Operating Profit	-24.02%	-33.85%
Other Income/Expense, Net
YoY Change
Pretax Income	$64.35M	$39.25M
YoY Change	70.45%
Income Tax	$16.46M	$4.159M
% Of Pretax Income	25.58%	10.6%
Net Earnings	$47.88M	$35.09M
YoY Change	58.7%
Net Earnings / Revenue	4.71%	3.76%
Basic Earnings Per Share	$2.20	$1.62
Diluted Earnings Per Share	$2.16	$1.59
COMMON SHARES
Basic Shares Outstanding	22.40M shares	22.38M shares
Diluted Shares Outstanding	22.17M shares	22.08M shares

Balance Sheet

Concept	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$43.96M	$17.61M
YoY Change	42.81%
Cash & Equivalents	$43.96M	$17.61M
Short-Term Investments
Other Short-Term Assets	$53.38M	$48.88M
YoY Change	37.33%
Inventory	$504.4M	$514.5M
Prepaid Expenses
Receivables	$252.1M	$278.3M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$853.9M	$859.4M
YoY Change	-10.54%
LONG-TERM ASSETS
Property, Plant & Equipment	$367.8M	$561.6M
YoY Change	-29.25%
Goodwill	$758.3M	$755.7M
YoY Change	20.89%
Intangibles	$825.3M	$848.8M
YoY Change	16.78%
Long-Term Investments
YoY Change
Other Assets	$7.292M	$7.385M
YoY Change	-14.4%
Total Long-Term Assets	$2.150B	$2.174B
YoY Change	15.44%
TOTAL ASSETS
Total Short-Term Assets	$853.9M	$859.4M
Total Long-Term Assets	$2.150B	$2.174B
Total Assets	$3.004B	$3.033B
YoY Change	6.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$206.6M	$196.7M
YoY Change	38.42%
Accrued Expenses	$106.8M	$156.3M
YoY Change	-39.31%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$7.500M	$7.500M
YoY Change	0.0%
Total Short-Term Liabilities	$373.7M	$360.5M
YoY Change	12.32%
LONG-TERM LIABILITIES
Long-Term Debt	$1.311B	$1.392B
YoY Change	-1.6%
Other Long-Term Liabilities	$10.27M	$153.8M
YoY Change	-92.3%
Total Long-Term Liabilities	$1.321B	$1.546B
YoY Change	-9.86%
TOTAL LIABILITIES
Total Short-Term Liabilities	$373.7M	$360.5M
Total Long-Term Liabilities	$1.321B	$1.546B
Total Liabilities	$1.905B	$1.974B
YoY Change	3.16%
SHAREHOLDERS EQUITY
Retained Earnings	$901.4M	$865.6M
YoY Change	16.19%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.099B	$1.059B
YoY Change
Total Liabilities & Shareholders Equity	$3.004B	$3.033B
YoY Change	6.64%

Cashflow Statement

Concept	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	$47.88M	$35.09M
YoY Change	58.7%
Depreciation, Depletion And Amortization	$41.48M	$40.34M
YoY Change	16.81%
Cash From Operating Activities	$137.5M	$35.18M
YoY Change	-14571.79%
INVESTING ACTIVITIES
Capital Expenditures	$16.92M	$15.50M
YoY Change	-16.53%
Acquisitions		$329.6M
YoY Change
Other Investing Activities	$827.0K	-$355.2M
YoY Change	-124.98%
Cash From Investing Activities	-$16.09M	-$370.7M
YoY Change	-31.76%
FINANCING ACTIVITIES
Cash Dividend Paid		$13.01M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-95.04M	341.7M
YoY Change	-392.77%
NET CHANGE
Cash From Operating Activities	137.5M	35.18M
Cash From Investing Activities	-16.09M	-370.7M
Cash From Financing Activities	-95.04M	341.7M
Net Change In Cash	26.35M	6.201M
YoY Change	232.03%
FREE CASH FLOW
Cash From Operating Activities	$137.5M	$35.18M
Capital Expenditures	$16.92M	$15.50M
Free Cash Flow	$120.6M	$19.68M
YoY Change	-668.28%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	728637000	usd
CY2023Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	705856000	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	204855000	usd
CY2023Q2	us-gaap	Gross Profit GrossProfit	194244000	usd
CY2024Q1	patk	Warehouse And Delivery Costs WarehouseAndDeliveryCosts	37449000	usd
CY2023Q2	patk	Warehouse And Delivery Costs WarehouseAndDeliveryCosts	35845000	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	85246000	usd
CY2023Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	82401000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	22818000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	19764000	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	145513000	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	138010000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	59342000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	56234000	usd
CY2024Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-20090000	usd
CY2023Q2	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-18484000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	39252000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	37750000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4159000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	7577000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	35093000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	30173000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.62
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.40
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.59
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.35
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21653000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21591000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22080000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22512000	shares
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	35093000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	30173000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-32000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-9000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-32000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-9000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	35061000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	30164000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	17610000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	11409000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	278337000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	163838000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	514543000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	510133000	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	48884000	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	49251000	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	859374000	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	734631000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	371128000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	353625000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	190507000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	177717000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	755729000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	637393000	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	848753000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	651153000	usd
CY2024Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7385000	usd
CY2023Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	7929000	usd
CY2024Q1	us-gaap	Assets Assets	3032876000	usd
CY2023Q4	us-gaap	Assets Assets	2562448000	usd
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	7500000	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	7500000	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	51839000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	48761000	usd
CY2024Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	196747000	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	140524000	usd
CY2024Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	104456000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	111711000	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	360542000	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	308496000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1392099000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1018356000	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	142799000	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	132444000	usd
CY2024Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	67903000	usd
CY2023Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	46724000	usd
CY2024Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	10997000	usd
CY2023Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	11091000	usd
CY2024Q1	us-gaap	Liabilities Liabilities	1974340000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	1517111000	usd
CY2024Q1	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	193930000	usd
CY2023Q4	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	203258000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1031000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-999000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	865637000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	843078000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	1058536000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	1045337000	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3032876000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2562448000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	35093000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	30173000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	40335000	usd
CY2023Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	35510000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5460000	usd
CY2023Q2	us-gaap	Share Based Compensation ShareBasedCompensation	5242000	usd
CY2024Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-853000	usd
CY2023Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-2056000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	89565000	usd
CY2023Q2	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	83354000	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-17781000	usd
CY2023Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-39502000	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-2619000	usd
CY2023Q2	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-6314000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	22600000	usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-36393000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	35176000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-950000	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	15495000	usd
CY2023Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	20266000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	167000	usd
CY2023Q2	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	92000	usd
CY2024Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	329642000	usd
CY2023Q2	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	478000	usd
CY2024Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	25754000	usd
CY2023Q2	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	2925000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-370724000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-23577000	usd
CY2024Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	1875000	usd
CY2023Q2	us-gaap	Repayments Of Debt RepaymentsOfDebt	1875000	usd
CY2024Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	688958000	usd
CY2023Q2	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	354324000	usd
CY2024Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	313958000	usd
CY2023Q2	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	124613000	usd
CY2024Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	0	usd
CY2023Q2	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	172500000	usd
CY2024Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
CY2023Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	3660000	usd
CY2024Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	13013000	usd
CY2023Q2	us-gaap	Payments Of Dividends PaymentsOfDividends	10761000	usd
CY2024Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	14788000	usd
CY2023Q2	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	7499000	usd
CY2024Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	3500000	usd
CY2023Q2	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	1370000	usd
CY2024Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	usd
CY2023Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	492000	usd
CY2024Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-75000	usd
CY2023Q2	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-75000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	341749000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	32463000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	6201000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	7936000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	11409000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	22847000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	17610000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	30783000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	1045337000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	35093000	usd
CY2024Q1	us-gaap	Dividends Dividends	12534000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-32000	usd
CY2024Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	14788000	usd
CY2024Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	5460000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	1058536000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	955169000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	30173000	usd
CY2023Q2	us-gaap	Dividends Dividends	10086000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-9000	usd
CY2023Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	3660000	usd
CY2023Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	7499000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	492000	usd
CY2023Q2	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	5242000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	969822000	usd
CY2024Q1	us-gaap	Fiscal Period FiscalPeriod	<div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company maintains its financial records on the basis of a fiscal year ending on December 31, with the fiscal quarters spanning approximately thirteen weeks. The first quarter ends on the Sunday closest to the end of the first thirteen-week period. The second and third quarters are thirteen weeks in duration and the fourth quarter is the remainder of the year. The first quarter of fiscal year 2024 ended on March 31, 2024 and the first quarter of fiscal year 2023 ended on April 2, 2023.</span></div>
CY2024Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="margin-bottom:12pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassified Amounts</span></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts have been reclassified in prior year financial statements to conform with current year presentation. These reclassifications are immaterial to the overall financial statements.</span></div>
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	933492000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	900100000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	56234000	usd
CY2024Q1	us-gaap	Assets Assets	3032876000	usd
CY2023Q4	us-gaap	Assets Assets	2562448000	usd
CY2024Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	274553000	usd
CY2023Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	269786000	usd
CY2024Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	18939000	usd
CY2023Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	16596000	usd
CY2024Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	106977000	usd
CY2023Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	107675000	usd
CY2024Q1	patk	Inventory Manufactured Goods Net InventoryManufacturedGoodsNet	382587000	usd
CY2023Q4	patk	Inventory Manufactured Goods Net InventoryManufacturedGoodsNet	378067000	usd
CY2024Q1	us-gaap	Other Inventory Purchased Goods OtherInventoryPurchasedGoods	142301000	usd
CY2023Q4	us-gaap	Other Inventory Purchased Goods OtherInventoryPurchasedGoods	140147000	usd
CY2024Q1	patk	Total Materials Purchased For Resale Distribution Products Net TotalMaterialsPurchasedForResaleDistributionProductsNet	131956000	usd
CY2023Q4	patk	Total Materials Purchased For Resale Distribution Products Net TotalMaterialsPurchasedForResaleDistributionProductsNet	132066000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	514543000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	510133000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	637393000	usd
CY2024Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	118320000	usd
CY2024Q1	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	16000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	755729000	usd
CY2024Q1	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	1238071000	usd
CY2023Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	1017653000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	389318000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	366500000	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	848753000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	651153000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	651153000	usd
CY2024Q1	patk	Intangible Assets Acquired During Period IntangibleAssetsAcquiredDuringPeriod	220418000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	22818000	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	848753000	usd
CY2024Q1	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	3620000	usd
CY2023Q4	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	7500000	usd
CY2024Q1	us-gaap	Business Combination Contingent Consideration Liability Noncurrent BusinessCombinationContingentConsiderationLiabilityNoncurrent	1010000	usd
CY2023Q4	us-gaap	Business Combination Contingent Consideration Liability Noncurrent BusinessCombinationContingentConsiderationLiabilityNoncurrent	1010000	usd
CY2024Q1	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	4630000	usd
CY2023Q4	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	8510000	usd
CY2024Q1	us-gaap	Asset Acquisition Consideration Transferred Contingent Consideration AssetAcquisitionConsiderationTransferredContingentConsideration	4630000	usd
CY2023	us-gaap	Asset Acquisition Consideration Transferred Contingent Consideration AssetAcquisitionConsiderationTransferredContingentConsideration	8510000	usd
CY2024Q1	patk	Business Acquisition Pro Forma Amortization Expense BusinessAcquisitionProFormaAmortizationExpense	1800000	usd
CY2023Q2	patk	Business Acquisition Pro Forma Amortization Expense BusinessAcquisitionProFormaAmortizationExpense	5600000	usd
CY2024Q1	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	957363000	usd
CY2023Q2	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	977868000	usd
CY2024Q1	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	34380000	usd
CY2023Q2	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	29048000	usd
CY2024Q1	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	1.59
CY2023Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	1.35
CY2024Q1	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	1.56
CY2023Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	1.30
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	213051	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	100.08
CY2024Q1	patk	Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Fair Valueof Shares Granted SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsFairValueofSharesGranted	21300000	usd
CY2024Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	5500000	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	5200000	usd
CY2024Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	34000000	usd
CY2024Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P21M27D
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	35093000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	30173000	usd
CY2024Q1	us-gaap	Dilutive Securities DilutiveSecurities	0	usd
CY2023Q2	us-gaap	Dilutive Securities DilutiveSecurities	162000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	35093000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	30335000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21653000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21591000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	205000	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	658000	shares
CY2024Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	222000	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	263000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22080000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22512000	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.62
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.40
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.59
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.35
CY2024Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1411250000	usd
CY2023Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1038125000	usd
CY2024Q1	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	4668000	usd
CY2023Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	4917000	usd
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	7500000	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	7500000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1392099000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1018356000	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	8500000	usd
CY2023Q2	us-gaap	Interest Paid Net InterestPaidNet	5800000	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.106
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.201
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount	6000000	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount	2300000	usd
CY2024Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	100000	usd
CY2023Q2	us-gaap	Income Taxes Paid IncomeTaxesPaid	17200000	usd
CY2024Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	933492000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	900100000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	59342000	usd
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

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report.css	Edgar Link	pending
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patk-20240331_cal.xml	Edgar Link	unprocessable

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2024 Q2 Form 10-Q Financial Statement

#000007660524000109 Filed on May 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$PATK PATRICK INDUSTRIES INC Stock $patk

2024 Q2 Form 10-Q Financial Statement

#000007660524000109 Filed on May 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PATK
PATRICK INDUSTRIES INC Stock $patk