$PATK
PATRICK INDUSTRIES INC Stock $patk

$patk Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000007660524000140 Filed on August 08, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$919.4M	$1.017B
YoY Change	-0.13%	12.95%
Cost Of Revenue	$706.9M	$785.3M
YoY Change	-0.53%	11.26%
Gross Profit	$212.5M	$231.3M
YoY Change	1.21%	19.07%
Gross Profit Margin	23.11%	22.75%
Selling, General & Admin	$113.6M	$83.59M
YoY Change	-0.81%	-29.31%
% of Gross Profit	53.48%	36.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$42.19M	$41.48M
YoY Change	17.24%	16.81%
% of Gross Profit	19.85%	17.93%
Operating Expenses	$138.1M	$146.6M
YoY Change	2.76%	6.23%
Operating Profit	$74.42M	$84.69M
YoY Change	-1.53%	50.6%
Interest Expense	-$20.05M	-$20.34M
YoY Change	9.8%	10.06%
% of Operating Profit	-26.94%	-24.02%
Other Income/Expense, Net
YoY Change
Pretax Income	$54.37M	$64.35M
YoY Change	-5.14%	70.45%
Income Tax	$13.50M	$16.46M
% Of Pretax Income	24.83%	25.58%
Net Earnings	$40.87M	$47.88M
YoY Change	-3.52%	58.7%
Net Earnings / Revenue	4.44%	4.71%
Basic Earnings Per Share	$1.88	$2.20
Diluted Earnings Per Share	$1.81	$2.16
COMMON SHARES
Basic Shares Outstanding	22.40M shares	22.40M shares
Diluted Shares Outstanding	22.64M shares	22.17M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$52.61M	$43.96M
YoY Change	55.13%	42.81%
Cash & Equivalents	$52.61M	$43.96M
Short-Term Investments
Other Short-Term Assets	$59.54M	$53.38M
YoY Change	55.36%	37.33%
Inventory	$545.4M	$504.4M
Prepaid Expenses
Receivables	$255.4M	$252.1M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$913.0M	$853.9M
YoY Change	9.49%	-10.54%
LONG-TERM ASSETS
Property, Plant & Equipment	$574.5M	$367.8M
YoY Change	7.61%	-29.25%
Goodwill	$789.4M	$758.3M
YoY Change	24.67%	20.89%
Intangibles	$838.9M	$825.3M
YoY Change	20.22%	16.78%
Long-Term Investments
YoY Change
Other Assets	$7.184M	$7.292M
YoY Change	-13.26%	-14.4%
Total Long-Term Assets	$2.210B	$2.150B
YoY Change	17.98%	15.44%
TOTAL ASSETS
Total Short-Term Assets	$913.0M	$853.9M
Total Long-Term Assets	$2.210B	$2.150B
Total Assets	$3.123B	$3.004B
YoY Change	15.36%	6.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$189.3M	$206.6M
YoY Change	45.14%	38.42%
Accrued Expenses	$178.7M	$106.8M
YoY Change	5.58%	-39.31%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$11.25M	$7.500M
YoY Change	50.0%	0.0%
Total Short-Term Liabilities	$379.2M	$373.7M
YoY Change	23.46%	12.32%
LONG-TERM LIABILITIES
Long-Term Debt	$1.378B	$1.311B
YoY Change	13.31%	-1.6%
Other Long-Term Liabilities	$168.5M	$10.27M
YoY Change	22.3%	-92.3%
Total Long-Term Liabilities	$1.546B	$1.321B
YoY Change	14.23%	-9.86%
TOTAL LIABILITIES
Total Short-Term Liabilities	$379.2M	$373.7M
Total Long-Term Liabilities	$1.546B	$1.321B
Total Liabilities	$1.993B	$1.905B
YoY Change	16.6%	3.16%
SHAREHOLDERS EQUITY
Retained Earnings	$929.9M	$901.4M
YoY Change	16.05%	16.19%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.129B	$1.099B
YoY Change
Total Liabilities & Shareholders Equity	$3.123B	$3.004B
YoY Change	15.36%	6.64%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$40.87M	$47.88M
YoY Change	-3.52%	58.7%
Depreciation, Depletion And Amortization	$42.19M	$41.48M
YoY Change	17.24%	16.81%
Cash From Operating Activities	$51.53M	$137.5M
YoY Change	-71.26%	-14571.79%
INVESTING ACTIVITIES
Capital Expenditures	$17.85M	$16.92M
YoY Change	34.23%	-16.53%
Acquisitions
YoY Change
Other Investing Activities	-$80.74M	$827.0K
YoY Change	181.6%	-124.98%
Cash From Investing Activities	-$98.59M	-$16.09M
YoY Change	134.9%	-31.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	55.70M	-95.04M
YoY Change	-141.51%	-392.77%
NET CHANGE
Cash From Operating Activities	51.53M	137.5M
Cash From Investing Activities	-98.59M	-16.09M
Cash From Financing Activities	55.70M	-95.04M
Net Change In Cash	8.646M	26.35M
YoY Change	176.41%	232.03%
FREE CASH FLOW
Cash From Operating Activities	$51.53M	$137.5M
Capital Expenditures	$17.85M	$16.92M
Free Cash Flow	$33.68M	$120.6M
YoY Change	-79.71%	-668.28%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q2	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	198138000	usd
CY2023Q4	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	203258000	usd
CY2024Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1028000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-999000	usd
CY2024Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	901394000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	843078000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	1098504000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	1045337000	usd
CY2024Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3003870000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2562448000	usd
	us-gaap	Net Income Loss NetIncomeLoss	82977000	usd
	us-gaap	Net Income Loss NetIncomeLoss	72530000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	81816000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	71492000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	9742000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	7946000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1419000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-2978000	usd
	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	65089000	usd
	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	33057000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-28276000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-117440000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1862000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-7112000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	35379000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-68090000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	172658000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	178351000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	32411000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	36491000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	2114000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	728000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	330727000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	26837000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	25789000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	2947000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-386813000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-65547000	usd
	us-gaap	Repayments Of Debt RepaymentsOfDebt	3750000	usd
	us-gaap	Repayments Of Debt RepaymentsOfDebt	3750000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	875055000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	364814000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	580055000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	250104000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	0	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	172500000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	11776000	usd
	us-gaap	Payments Of Dividends PaymentsOfDividends	25047000	usd
	us-gaap	Payments Of Dividends PaymentsOfDividends	20507000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	14883000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	7585000	usd
	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	4560000	usd
	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	1400000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	21000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	1143000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-75000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-75000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	246706000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-101740000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	32551000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	11064000	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
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	43960000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	33911000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	1058536000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	47884000	usd
CY2024Q2	us-gaap	Dividends Dividends	12127000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	3000	usd
CY2024Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	95000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	21000	usd
CY2024Q2	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	4282000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	1098504000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	969822000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	42357000	usd
CY2023Q3	us-gaap	Dividends Dividends	9820000	usd
CY2023Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-90000	usd
CY2023Q3	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	8116000	usd
CY2023Q3	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	86000	usd
CY2023Q3	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	651000	usd
CY2023Q3	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	2704000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	997422000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	1045337000	usd
	us-gaap	Net Income Loss NetIncomeLoss	82977000	usd
	us-gaap	Dividends Dividends	24661000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-29000	usd
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	14883000	usd
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	21000	usd
	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	9742000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	955169000	usd
	us-gaap	Net Income Loss NetIncomeLoss	72530000	usd
	us-gaap	Dividends Dividends	19906000	usd
	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-99000	usd
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	11776000	usd
	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	7585000	usd
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	1143000	usd
	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	7946000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	997422000	usd
	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 second quarter of fiscal year 2024 ended on June 30, 2024 and the second quarter of fiscal year 2023 ended on July 2, 2023.</span></div>
	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>
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1016624000	usd
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	920685000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1950116000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1820785000	usd
CY2024Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	282926000	usd
CY2023Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	269786000	usd
CY2024Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	17867000	usd
CY2023Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	16596000	usd
CY2024Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	102407000	usd
CY2023Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	107675000	usd
CY2024Q2	patk	Inventory Manufactured Goods Net InventoryManufacturedGoodsNet	383557000	usd
CY2023Q4	patk	Inventory Manufactured Goods Net InventoryManufacturedGoodsNet	378067000	usd
CY2024Q2	us-gaap	Other Inventory Purchased Goods OtherInventoryPurchasedGoods	133054000	usd
CY2023Q4	us-gaap	Other Inventory Purchased Goods OtherInventoryPurchasedGoods	140147000	usd
CY2024Q2	patk	Total Materials Purchased For Resale Distribution Products Net TotalMaterialsPurchasedForResaleDistributionProductsNet	120888000	usd
CY2023Q4	patk	Total Materials Purchased For Resale Distribution Products Net TotalMaterialsPurchasedForResaleDistributionProductsNet	132066000	usd
CY2024Q2	us-gaap	Inventory Net InventoryNet	504445000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	510133000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	637393000	usd
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	121017000	usd
	us-gaap	Goodwill Purchase Accounting Adjustments GoodwillPurchaseAccountingAdjustments	-91000	usd
CY2024Q2	us-gaap	Goodwill Goodwill	758319000	usd
CY2024Q2	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	1238912000	usd
CY2023Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	1017653000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	413597000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	366500000	usd
CY2024Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	825315000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	651153000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	651153000	usd
	patk	Intangible Assets Acquired During Period IntangibleAssetsAcquiredDuringPeriod	221614000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	47096000	usd
	us-gaap	Business Combination Provisional Information Initial Accounting Incomplete Adjustment Intangibles BusinessCombinationProvisionalInformationInitialAccountingIncompleteAdjustmentIntangibles	-356000	usd
CY2024Q2	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	1725000	usd
CY2023Q4	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	7500000	usd
CY2024Q2	us-gaap	Business Combination Contingent Consideration Liability Noncurrent BusinessCombinationContingentConsiderationLiabilityNoncurrent	75000	usd
CY2023Q4	us-gaap	Business Combination Contingent Consideration Liability Noncurrent BusinessCombinationContingentConsiderationLiabilityNoncurrent	1010000	usd
CY2024Q2	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	1800000	usd
CY2023Q4	us-gaap	Business Combination Contingent Consideration Liability BusinessCombinationContingentConsiderationLiability	8510000	usd
	us-gaap	Asset Acquisition Consideration Transferred Contingent Consideration AssetAcquisitionConsiderationTransferredContingentConsideration	3700000	usd
CY2023	us-gaap	Asset Acquisition Consideration Transferred Contingent Consideration AssetAcquisitionConsiderationTransferredContingentConsideration	8510000	usd
CY2024Q2	patk	Business Acquisition Pro Forma Amortization Expense BusinessAcquisitionProFormaAmortizationExpense	100000	usd
	patk	Business Acquisition Pro Forma Amortization Expense BusinessAcquisitionProFormaAmortizationExpense	1500000	usd
CY2023Q3	patk	Business Acquisition Pro Forma Amortization Expense BusinessAcquisitionProFormaAmortizationExpense	5400000	usd
	patk	Business Acquisition Pro Forma Amortization Expense BusinessAcquisitionProFormaAmortizationExpense	11000000.0	usd
CY2024Q2	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	1016961000	usd
CY2023Q3	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	994719000	usd
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	1974975000	usd
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	1972587000	usd
CY2024Q2	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	47919000	usd
CY2023Q3	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	40852000	usd
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	82624000	usd
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	69568000	usd
CY2024Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	2.21
CY2023Q3	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	1.90
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	3.81
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	3.23
CY2024Q2	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	2.16
CY2023Q3	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	1.88
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	3.73
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	3.15
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	223011	shares
	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	100.63
	patk	Sharebased Compensation Arrangementby Sharebased Payment Award Equity Instruments Otherthan Options Fair Valueof Shares Granted SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsFairValueofSharesGranted	22400000	usd
CY2024Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4200000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	9700000	usd
CY2023Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2700000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	7900000	usd
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	47884000	usd
CY2023Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	42357000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	82977000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	72530000	usd
CY2024Q2	us-gaap	Dilutive Securities DilutiveSecurities	0	usd
CY2023Q3	us-gaap	Dilutive Securities DilutiveSecurities	0	usd
	us-gaap	Dilutive Securities DilutiveSecurities	0	usd
	us-gaap	Dilutive Securities DilutiveSecurities	162000	usd
CY2024Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	47884000	usd
CY2023Q3	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	42357000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	82977000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	72692000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21724000	shares
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21521000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21689000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21556000	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	260000	shares
CY2023Q3	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	233000	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	331000	shares
CY2024Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	185000	shares
CY2023Q3	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	266000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	203000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	264000	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22169000	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21787000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22125000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22151000	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.20
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.97
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.83
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.36
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.16
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.94
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.75
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.28
CY2024Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1329375000	usd
CY2023Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	1038125000	usd
CY2024Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	7500000	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	7500000	usd
CY2024Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1310848000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1018356000	usd
CY2024Q2	us-gaap	Interest Paid Net InterestPaidNet	31600000	usd
CY2023Q3	us-gaap	Interest Paid Net InterestPaidNet	26900000	usd
	us-gaap	Interest Paid Net InterestPaidNet	40200000	usd
	us-gaap	Interest Paid Net InterestPaidNet	32700000	usd
CY2024Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.256
CY2023Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.261
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.199
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.237
	us-gaap	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount	5600000	usd
	us-gaap	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount	1800000	usd
CY2024Q2	us-gaap	Income Taxes Paid IncomeTaxesPaid	19100000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	19200000	usd
CY2023Q3	us-gaap	Income Taxes Paid IncomeTaxesPaid	31900000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	49000000.0	usd
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1016624000	usd
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	920685000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1950116000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1820785000	usd
CY2024Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	84689000	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	75575000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	144031000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	131809000	usd
CY2024Q2	us-gaap	Assets Assets	3003870000	usd
CY2023Q4	us-gaap	Assets Assets	2562448000	usd
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
patk-20240630_cal.xml	Edgar Link	unprocessable
patk-20240630_def.xml	Edgar Link	unprocessable
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FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
patk-20240630.htm	Edgar Link	pending
patk-20240630.xsd	Edgar Link	pending
patk-20240630_g1.jpg	Edgar Link	pending
patk2024q2ex311.htm	Edgar Link	pending
patk2024q2ex312.htm	Edgar Link	pending
patk2024q2ex32.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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R46.htm	Edgar Link	pending
patk-20240630_pre.xml	Edgar Link	unprocessable
patk-20240630_htm.xml	Edgar Link	completed
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
patk-20240630_lab.xml	Edgar Link	unprocessable

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$PATK
PATRICK INDUSTRIES INC Stock $patk

2024 Q3 Form 10-Q Financial Statement

#000007660524000140 Filed on August 08, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PATK PATRICK INDUSTRIES INC Stock $patk

2024 Q3 Form 10-Q Financial Statement

#000007660524000140 Filed on August 08, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PATK
PATRICK INDUSTRIES INC Stock $patk