$POWL
POWELL INDUSTRIES INC

2014 Q4 Form 10-Q Financial Statement

#000156459015000466 Filed on February 04, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q4
Revenue $152.6M $162.8M $171.9M
YoY Change -11.23% -13.13% 11.67%
Cost Of Revenue $131.5M $137.1M $136.7M
YoY Change -3.79% 0.59% 19.45%
Gross Profit $21.07M $25.75M $35.16M
YoY Change -40.07% -35.56% 8.51%
Gross Profit Margin 13.81% 15.81% 20.45%
Selling, General & Admin $20.82M $21.00M $21.63M
YoY Change -3.77% 9.38% 9.81%
% of Gross Profit 98.8% 81.57% 61.53%
Research & Development $1.840M $1.800M $1.839M
YoY Change 0.05% -5.26% 8.18%
% of Gross Profit 8.73% 6.99% 5.23%
Depreciation & Amortization $3.318M $3.700M $2.562M
YoY Change 29.51% 54.17% -3.58%
% of Gross Profit 15.75% 14.37% 7.29%
Operating Expenses $22.66M $22.90M $23.47M
YoY Change -3.47% 6.02% 7.67%
Operating Profit -$1.705M $2.846M $11.27M
YoY Change -115.13% -84.49% 6.46%
Interest Expense $33.00K $0.00 $69.00K
YoY Change -52.17% 13.11%
% of Operating Profit 0.0% 0.61%
Other Income/Expense, Net $507.0K $500.0K $0.00
YoY Change
Pretax Income -$1.230M $3.300M $11.21M
YoY Change -110.98% -79.5% 6.26%
Income Tax -$991.0K $800.0K $3.937M
% Of Pretax Income 24.24% 35.14%
Net Earnings -$239.0K $2.429M $8.255M
YoY Change -102.9% -86.92% 11.78%
Net Earnings / Revenue -0.16% 1.49% 4.8%
Basic Earnings Per Share -$0.02 $0.20 $0.69
Diluted Earnings Per Share -$0.02 $0.20 $0.68
COMMON SHARES
Basic Shares Outstanding 12.04M 11.99M
Diluted Shares Outstanding 12.04M 12.05M

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $56.50M $103.1M $103.7M
YoY Change -45.52% -4.0% 6.47%
Cash & Equivalents $56.46M $103.1M $103.7M
Short-Term Investments
Other Short-Term Assets $4.334M $4.291M $31.40M
YoY Change -86.2% 552.13% 214.0%
Inventory $36.63M $32.82M $106.7M
Prepaid Expenses $4.752M $5.870M
Receivables $131.3M $107.2M $100.1M
Other Receivables $3.300M $2.800M $2.700M
Total Short-Term Assets $326.8M $357.3M $344.6M
YoY Change -5.16% 0.0% 5.13%
LONG-TERM ASSETS
Property, Plant & Equipment $165.4M $156.9M $146.3M
YoY Change 13.07% 8.58% 64.01%
Goodwill $1.003M $1.003M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.313M $8.224M $25.50M
YoY Change -63.48% 12.77% 171.28%
Total Long-Term Assets $194.1M $184.1M $175.0M
YoY Change 10.9% 6.08% 55.56%
TOTAL ASSETS
Total Short-Term Assets $326.8M $357.3M $344.6M
Total Long-Term Assets $194.1M $184.1M $175.0M
Total Assets $520.9M $541.4M $519.6M
YoY Change 0.25% 1.99% 18.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.61M $70.21M $50.50M
YoY Change 18.04% 26.44% 27.53%
Accrued Expenses $18.60M $29.80M $21.50M
YoY Change -13.49% -4.18% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $400.0K $400.0K
YoY Change 0.0% 0.0% -20.0%
Total Short-Term Liabilities $144.2M $158.1M $146.2M
YoY Change -1.34% -5.93% 27.35%
LONG-TERM LIABILITIES
Long-Term Debt $2.400M $2.800M $2.800M
YoY Change -14.29% -12.5% -12.5%
Other Long-Term Liabilities $655.0K $655.0K $191.0K
YoY Change 242.93% -10.27% -95.45%
Total Long-Term Liabilities $655.0K $655.0K $191.0K
YoY Change 242.93% -10.27% -97.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $144.2M $158.1M $146.2M
Total Long-Term Liabilities $655.0K $655.0K $191.0K
Total Liabilities $156.7M $170.3M $160.0M
YoY Change -2.07% -3.03% 31.08%
SHAREHOLDERS EQUITY
Retained Earnings $327.8M $331.2M $319.2M
YoY Change 2.69% 5.49%
Common Stock $46.93M $46.27M $43.85M
YoY Change 7.01% 7.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $670.2K
Shareholders Equity $364.2M $371.1M $359.6M
YoY Change
Total Liabilities & Shareholders Equity $520.9M $541.4M $519.6M
YoY Change 0.25% 1.99% 18.01%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q4
OPERATING ACTIVITIES
Net Income -$239.0K $2.429M $8.255M
YoY Change -102.9% -86.92% 11.78%
Depreciation, Depletion And Amortization $3.318M $3.700M $2.562M
YoY Change 29.51% 54.17% -3.58%
Cash From Operating Activities -$22.73M $23.70M $5.349M
YoY Change -524.9% 777.78% -74.77%
INVESTING ACTIVITIES
Capital Expenditures $18.96M -$5.200M $5.764M
YoY Change 228.97% -74.88% -56.9%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$18.93M -$5.200M -$5.764M
YoY Change 228.44% -74.63% -56.83%
FINANCING ACTIVITIES
Cash Dividend Paid $2.993M
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $400.0K $400.0K
YoY Change 0.0%
Cash From Financing Activities -3.982M -2.600M -3.933M
YoY Change 1.25% -1400.0% 482.67%
NET CHANGE
Cash From Operating Activities -22.73M 23.70M 5.349M
Cash From Investing Activities -18.93M -5.200M -5.764M
Cash From Financing Activities -3.982M -2.600M -3.933M
Net Change In Cash -45.64M 15.90M -4.348M
YoY Change 949.7% -190.34% -160.57%
FREE CASH FLOW
Cash From Operating Activities -$22.73M $23.70M $5.349M
Capital Expenditures $18.96M -$5.200M $5.764M
Free Cash Flow -$41.69M $28.90M -$415.0K
YoY Change 9945.78% 23.5% -105.3%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
59610000
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
14089000
CY2014Q4 us-gaap Billings In Excess Of Cost
BillingsInExcessOfCost
59280000
CY2014Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4480000
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4355000
CY2014Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12031243
CY2014Q4 us-gaap Contracts Revenue
ContractsRevenue
152601000
CY2013Q4 us-gaap Contracts Revenue
ContractsRevenue
171872000
CY2014Q4 us-gaap Contract Revenue Cost
ContractRevenueCost
131532000
CY2013Q4 us-gaap Contract Revenue Cost
ContractRevenueCost
136714000
CY2014Q4 us-gaap Gross Profit
GrossProfit
21069000
CY2013Q4 us-gaap Gross Profit
GrossProfit
35158000
CY2014Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
20816000
CY2013Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21632000
CY2014Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1840000
CY2013Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1839000
CY2014Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
118000
CY2013Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
416000
CY2014Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1705000
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
11271000
CY2014Q4 us-gaap Other Noncash Income
OtherNoncashIncome
507000
CY2014Q4 us-gaap Interest Expense
InterestExpense
33000
CY2013Q4 us-gaap Interest Expense
InterestExpense
69000
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
103118000
CY2014Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
2804000
CY2014Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
5106000
CY2014Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
5297000
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4752000
CY2014Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
5870000
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
4334000
CY2014Q4 dei Trading Symbol
TradingSymbol
powl
CY2015Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12059692
CY2014Q3 us-gaap Other Assets Current
OtherAssetsCurrent
4291000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
56464000
CY2014Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
8224000
CY2014Q3 us-gaap Assets
Assets
541443000
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
165426000
CY2014Q4 us-gaap Assets Current
AssetsCurrent
326817000
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
520888000
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
364155000
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1844000
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-10741000
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12059692
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12059692
CY2014Q4 us-gaap Deferred Revenue And Credits Current
DeferredRevenueAndCreditsCurrent
2029000
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
144243000
CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2400000
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
327846000
CY2014Q4 us-gaap Deferred Revenue And Credits Noncurrent
DeferredRevenueAndCreditsNoncurrent
4059000
CY2014Q4 us-gaap Liabilities
Liabilities
156733000
CY2014Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
121000
CY2014Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
46929000
CY2014Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-6503000
CY2014Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
107162000
CY2014Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
3356000
CY2014Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
156896000
CY2014Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
5376000
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
655000
CY2014Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
400000
CY2014Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
705000
CY2014Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
70209000
CY2014Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
4557000
CY2014Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6291000
CY2014Q4 us-gaap Assets
Assets
520888000
CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
400000
CY2014Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
25206000
CY2014Q3 us-gaap Billings In Excess Of Cost
BillingsInExcessOfCost
48702000
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
131253000
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
8255000
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
541443000
CY2014Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1577000
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
371097000
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2014Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
30000000
CY2014Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12031243
CY2014Q3 us-gaap Goodwill
Goodwill
1003000
CY2014Q3 us-gaap Deferred Revenue And Credits Current
DeferredRevenueAndCreditsCurrent
2029000
CY2014Q3 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
4226000
CY2014Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
655000
CY2014Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q3 us-gaap Deferred Revenue And Credits Noncurrent
DeferredRevenueAndCreditsNoncurrent
4566000
CY2014Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1904000
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
9313000
CY2014Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
11900000
CY2014Q4 us-gaap Goodwill
Goodwill
1003000
CY2014Q4 us-gaap Nontrade Receivables Noncurrent
NontradeReceivablesNoncurrent
4667000
CY2014Q3 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
11422000
CY2014Q3 us-gaap Inventory Net
InventoryNet
32815000
CY2014Q3 us-gaap Liabilities
Liabilities
170346000
CY2014Q3 us-gaap Preferred Stock Value
PreferredStockValue
CY2014Q4 us-gaap Inventory Net
InventoryNet
36630000
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1762000
CY2014Q3 us-gaap Liabilities Current
LiabilitiesCurrent
158099000
CY2014Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2800000
CY2014Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
120000
CY2014Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
46267000
CY2014Q3 us-gaap Nontrade Receivables Noncurrent
NontradeReceivablesNoncurrent
4667000
CY2014Q4 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
84922000
CY2014Q3 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs Expected To Be Collected Within One Year
CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear
95970000
CY2014Q3 us-gaap Assets Current
AssetsCurrent
357327000
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
331213000
CY2014Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
1000
CY2013Q4 us-gaap Investment Income Interest
InvestmentIncomeInterest
3000
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1230000
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11205000
CY2014Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-991000
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3937000
CY2014Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-239000
CY2013Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
7268000
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
987000
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
-239000
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.02
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.61
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.08
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.69
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.02
CY2013Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.60
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.08
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.68
CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12041000
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11994000
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12041000
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12054000
CY2014Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.26
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.25
CY2014Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4238000
CY2013Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1594000
CY2014Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4477000
CY2013Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6661000
CY2014Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1117000
CY2014Q4 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
454000
CY2014Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3128000
CY2014Q4 us-gaap Depreciation
Depreciation
3318000
CY2013Q4 us-gaap Depreciation
Depreciation
2562000
CY2014Q4 us-gaap Adjustment For Amortization
AdjustmentForAmortization
118000
CY2013Q4 us-gaap Adjustment For Amortization
AdjustmentForAmortization
416000
CY2014Q4 us-gaap Share Based Compensation
ShareBasedCompensation
1116000
CY2013Q4 us-gaap Share Based Compensation
ShareBasedCompensation
1185000
CY2014Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
283000
CY2013Q4 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
15000
CY2014Q4 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-317000
CY2013Q4 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2362000
CY2013Q4 powl Cash Received From Amended Supply Agreement
CashReceivedFromAmendedSupplyAgreement
10000000
CY2014Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
25674000
CY2013Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7577000
CY2014Q4 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
-20943000
CY2013Q4 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
13399000
CY2014Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3998000
CY2013Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-405000
CY2014Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-467000
CY2013Q4 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1631000
CY2014Q4 powl Increase Decrease In Accounts Payable And Income Taxes Payable
IncreaseDecreaseInAccountsPayableAndIncomeTaxesPayable
-5462000
CY2013Q4 powl Increase Decrease In Accounts Payable And Income Taxes Payable
IncreaseDecreaseInAccountsPayableAndIncomeTaxesPayable
1053000
CY2014Q4 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-12793000
CY2013Q4 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-12145000
CY2014Q4 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-17000
CY2013Q4 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-156000
CY2014Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-22728000
CY2013Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5349000
CY2014Q4 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
31000
CY2014Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18962000
CY2013Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5764000
CY2014Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-18931000
CY2013Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5764000
CY2014Q4 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
400000
CY2013Q4 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
400000
CY2014Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
454000
CY2013Q4 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
524000
CY2014Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3128000
CY2013Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
2993000
CY2013Q4 powl Payments On Short Term And Other Financing
PaymentsOnShortTermAndOtherFinancing
16000
CY2014Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3982000
CY2013Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3933000
CY2014Q4 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-45641000
CY2013Q4 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-4348000
CY2014Q4 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-1013000
CY2013Q4 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
661000
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
107411000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
103724000
CY2014Q4 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Overview</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Powell Industries, Inc. (we, us, our, Powell or the Company) was incorporated in the state of Delaware in 2004 as a successor to a Nevada company incorporated in 1968. The Nevada corporation was the successor to a company founded by William E. Powell in 1947, which merged into the Company in 1977. Our major subsidiaries, all of which are wholly owned, include: Powell Electrical Systems, Inc.; Powell (UK) Limited; Powell Canada Inc. and Powell Industries International, B.V.</p> <p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We develop, design, manufacture and service custom-engineered equipment and systems for the distribution, control and monitoring of electrical energy designed to (1) distribute, monitor and control the flow of electrical energy and (2)&#160; provide protection to motors, transformers and other electrically powered equipment. Headquartered in Houston, Texas, we serve the transportation, energy, industrial and utility industries.<font style="margin-left:36pt;"></font></p></div>
CY2014Q4 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="text-align:justify;margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of financial statements in conformity with U.S.&#160;GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying footnotes. The most significant estimates used in our financial statements affect revenue and cost recognition for construction contracts, the allowance for doubtful accounts, provision for excess and obsolete inventory, goodwill and other intangible assets, self-insurance, warranty accruals and income taxes. The amounts recorded for insurance claims, warranties, legal, income taxes and other contingent liabilities require judgments regarding the amount of expenses that will ultimately be incurred. We base our estimates on historical experience and on various other assumptions, as well as the specific circumstances surrounding these contingent liabilities, in evaluating the amount of liability that should be recorded. Additionally, the recognition of deferred tax assets requires estimates related to future income and other assumptions regarding timing and future profitability.&nbsp;&nbsp;Estimates may change as new events occur, additional information becomes available or operating environments change. Actual results may differ from our estimates. </p></div>
CY2014Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
8727000
CY2013Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
60000
CY2014Q4 us-gaap Stock Repurchase Program Expiration Date
StockRepurchaseProgramExpirationDate
2015-12-31
CY2014Q4 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2013Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
572000
CY2014Q4 powl Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
283000
CY2013Q4 powl Provision For Recovery Of Doubtful Accounts
ProvisionForRecoveryOfDoubtfulAccounts
15000
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
-88000
CY2014Q4 powl Increase Decrease Due To Foreign Currency Translation
IncreaseDecreaseDueToForeignCurrencyTranslation
-14000
CY2013Q4 powl Increase Decrease Due To Foreign Currency Translation
IncreaseDecreaseDueToForeignCurrencyTranslation
-2000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
673000
CY2014Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
40017000
CY2014Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
35349000
CY2014Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
1495000
CY2014Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
2035000
CY2014Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4882000
CY2014Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4569000
CY2014Q4 powl Costs Incurred On Uncompleted Contracts
CostsIncurredOnUncompletedContracts
611852000
CY2014Q3 powl Costs Incurred On Uncompleted Contracts
CostsIncurredOnUncompletedContracts
604939000
CY2014Q4 powl Estimated Earnings
EstimatedEarnings
155112000
CY2014Q3 powl Estimated Earnings
EstimatedEarnings
157562000
CY2014Q4 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
766964000
CY2014Q3 us-gaap Receivables Long Term Contracts Or Programs
ReceivablesLongTermContractsOrPrograms
762501000
CY2014Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
741322000
CY2014Q3 us-gaap Billed Contract Receivables
BilledContractReceivables
715233000
CY2014Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
25642000
CY2014Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
47268000
CY2013Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5282000
CY2014Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
537000
CY2013Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
464000
CY2014Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
524000
CY2013Q4 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
731000
CY2014Q4 us-gaap Standard Product Warranty Accrual Currency Translation Increase Decrease
StandardProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-90000
CY2013Q4 us-gaap Standard Product Warranty Accrual Currency Translation Increase Decrease
StandardProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-5000
CY2013Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
5010000
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12885000
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11123000
CY2014Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12885000
CY2014Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10981000
CY2013Q4 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P4Y
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
2800000
CY2014Q3 us-gaap Long Term Debt
LongTermDebt
3200000
CY2014Q4 us-gaap Debt Instrument Cumulative Sinking Fund Payments
DebtInstrumentCumulativeSinkingFundPayments
100000
CY2014Q4 powl Commitments And Contingencies Additional Bonding Capacity
CommitmentsAndContingenciesAdditionalBondingCapacity
288100000
CY2014Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
134000
CY2014Q4 powl Deferred Compensation Plan Assets Fair Value Disclosure
DeferredCompensationPlanAssetsFairValueDisclosure
4640000
CY2014Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
4857000
CY2014Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
10535000
CY2014Q3 powl Deferred Compensation Plan Assets Fair Value Disclosure
DeferredCompensationPlanAssetsFairValueDisclosure
3526000
CY2014Q3 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
3688000
CY2014Q4 powl Amount Of Transfers Between Fair Value Measurement Levels
AmountOfTransfersBetweenFairValueMeasurementLevels
0
CY2014Q1 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
16000000
CY2014Q1 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
14400000
CY2014Q1 us-gaap Escrow Deposit
EscrowDeposit
1600000
CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
12365000
CY2013Q4 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
987000
CY2014Q4 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
0
CY2013Q4 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
502000
CY2014Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1230000
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11205000
CY2014Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.81
CY2013Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.35
CY2014Q4 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
600000
CY2014Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
26000000
CY2014Q4 powl Operating Loss Carryforwards Expiration Period
OperatingLossCarryforwardsExpirationPeriod
P20Y
CY2014Q4 powl Operating Losses Carry Forward Expiration Year
OperatingLossesCarryForwardExpirationYear
2031
CY2013Q3 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
7000000

Files In Submission

Name View Source Status
0001564590-15-000466-index-headers.html Edgar Link pending
0001564590-15-000466-index.html Edgar Link pending
0001564590-15-000466.txt Edgar Link pending
0001564590-15-000466-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
powl-10q_20141231.htm Edgar Link pending
powl-20141231.xml Edgar Link completed
powl-20141231.xsd Edgar Link pending
powl-20141231_cal.xml Edgar Link unprocessable
powl-20141231_def.xml Edgar Link unprocessable
powl-20141231_lab.xml Edgar Link unprocessable
powl-20141231_pre.xml Edgar Link unprocessable
powl-ex101_2014123169.htm Edgar Link pending
powl-ex311_2014123165.htm Edgar Link pending
powl-ex312_2014123166.htm Edgar Link pending
powl-ex321_2014123167.htm Edgar Link pending
powl-ex322_2014123168.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending