2017 Q3 Form 10-Q Financial Statement
#000119312517325186 Filed on October 31, 2017
Income Statement
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| Revenue | $140.2M | $106.2M |
| YoY Change | 32.05% | 12.92% |
| Cost Of Revenue | $84.91M | $76.22M |
| YoY Change | 11.4% | 6.04% |
| Gross Profit | $55.28M | $29.95M |
| YoY Change | 84.62% | 35.23% |
| Gross Profit Margin | 39.43% | 28.21% |
| Selling, General & Admin | $24.92M | $19.38M |
| YoY Change | 28.59% | 23.45% |
| % of Gross Profit | 45.07% | 64.72% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $4.600M | $3.500M |
| YoY Change | 31.43% | -2.78% |
| % of Gross Profit | 8.32% | 11.69% |
| Operating Expenses | $24.92M | $19.38M |
| YoY Change | 28.59% | 23.45% |
| Operating Profit | $30.37M | $10.57M |
| YoY Change | 187.38% | 63.94% |
| Interest Expense | $59.00K | $77.00K |
| YoY Change | -23.38% | -50.96% |
| % of Operating Profit | 0.19% | 0.73% |
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | $30.31M | $10.49M |
| YoY Change | 188.93% | 66.81% |
| Income Tax | $10.21M | $2.702M |
| % Of Pretax Income | 33.68% | 25.76% |
| Net Earnings | $20.10M | $7.787M |
| YoY Change | 158.1% | 107.99% |
| Net Earnings / Revenue | 14.34% | 7.33% |
| Basic Earnings Per Share | $0.34 | $0.27 |
| Diluted Earnings Per Share | $0.34 | $0.26 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 58.81M shares | 29.30M shares |
| Diluted Shares Outstanding | 59.16M shares | 29.52M shares |
Balance Sheet
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $25.50M | $22.90M |
| YoY Change | 11.35% | 816.0% |
| Cash & Equivalents | $25.54M | $22.94M |
| Short-Term Investments | ||
| Other Short-Term Assets | $722.0K | $1.394M |
| YoY Change | -48.21% | -90.58% |
| Inventory | $26.03M | $16.51M |
| Prepaid Expenses | $3.190M | $1.497M |
| Receivables | $70.80M | $45.81M |
| Other Receivables | $1.900M | $0.00 |
| Total Short-Term Assets | $132.9M | $99.29M |
| YoY Change | 33.84% | -13.38% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $102.8M | $98.84M |
| YoY Change | 4.0% | -6.71% |
| Goodwill | $68.46M | |
| YoY Change | ||
| Intangibles | $4.083M | |
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $2.981M | $2.005M |
| YoY Change | 48.68% | 30.45% |
| Total Long-Term Assets | $178.3M | $111.4M |
| YoY Change | 60.12% | -5.63% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $132.9M | $99.29M |
| Total Long-Term Assets | $178.3M | $111.4M |
| Total Assets | $311.2M | $210.7M |
| YoY Change | 47.73% | -9.45% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $15.96M | $10.97M |
| YoY Change | 45.43% | 8.16% |
| Accrued Expenses | $44.40M | $34.60M |
| YoY Change | 28.32% | 14.19% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | -100.0% | |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $66.32M | $48.93M |
| YoY Change | 35.54% | -44.99% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $2.676M | $3.699M |
| YoY Change | -27.66% | -1.99% |
| Total Long-Term Liabilities | $2.676M | $3.699M |
| YoY Change | -27.66% | -1.99% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $66.32M | $48.93M |
| Total Long-Term Liabilities | $2.676M | $3.699M |
| Total Liabilities | $99.62M | $90.13M |
| YoY Change | 10.53% | -27.68% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $264.1M | $173.0M |
| YoY Change | 52.67% | 55.4% |
| Common Stock | $121.0M | $121.1M |
| YoY Change | -0.04% | 3.54% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $173.5M | $173.5M |
| YoY Change | 0.0% | 44.32% |
| Treasury Stock Shares | 5.494M shares | 5.494M shares |
| Shareholders Equity | $211.6M | $120.5M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $311.2M | $210.7M |
| YoY Change | 47.73% | -9.45% |
Cashflow Statement
| Concept | 2017 Q3 | 2016 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $20.10M | $7.787M |
| YoY Change | 158.1% | 107.99% |
| Depreciation, Depletion And Amortization | $4.600M | $3.500M |
| YoY Change | 31.43% | -2.78% |
| Cash From Operating Activities | $92.70M | $67.20M |
| YoY Change | 37.95% | 67.58% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$4.000M | -$3.300M |
| YoY Change | 21.21% | -21.43% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$71.50M | $0.00 |
| YoY Change | ||
| Cash From Investing Activities | -$75.50M | -$3.400M |
| YoY Change | 2120.59% | -19.05% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -200.0K | -43.40M |
| YoY Change | -99.54% | 15.73% |
| NET CHANGE | ||
| Cash From Operating Activities | 92.70M | 67.20M |
| Cash From Investing Activities | -75.50M | -3.400M |
| Cash From Financing Activities | -200.0K | -43.40M |
| Net Change In Cash | 17.00M | 20.40M |
| YoY Change | -16.67% | -1375.0% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $92.70M | $67.20M |
| Capital Expenditures | -$4.000M | -$3.300M |
| Free Cash Flow | $96.70M | $70.50M |
| YoY Change | 37.16% | 59.14% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
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Cash And Cash Equivalents At Carrying Value
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Restructuring Reserve
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1598000 | |
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3674000 | |
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132883000 | |
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Accounts Receivable Net Current
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15960000 | |
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Accrued Marketing Costs Current
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21013000 | |
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Assets
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311196000 | |
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Billings In Excess Of Cost Current
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1353000 | |
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Cash And Cash Equivalents At Carrying Value
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25541000 | |
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Commitments And Contingencies
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Common Stock Shares Authorized
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Common Stock Shares Outstanding
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Common Stock Par Or Stated Value Per Share
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Preferred Stock Value
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Sensitivity Change In Surface Flaking Warranty Reserve
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Accrued Liabilities And Other Liabilities Current Excluding Warranty
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Cash And Cash Equivalents At Carrying Value
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Restructuring Reserve
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Inventory Net
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Lines Of Credit Current
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Retained Earnings Accumulated Deficit
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Stockholders Equity
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10767000 | |
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Accrued Marketing Costs Current
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16707000 | |
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221430000 | |
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Cash And Cash Equivalents At Carrying Value
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18664000 | |
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Commitments And Contingencies
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Common Stock Shares Authorized
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Common Stock Shares Outstanding
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Common Stock Par Or Stated Value Per Share
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0.01 | |
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Common Stock Shares Issued
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Common Stock Value
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349000 | |
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Deferred Tax Liabilities Noncurrent
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Deferred Rent Credit Current
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632000 | |
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Goodwill
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Income Taxes Receivable
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3223000 | |
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Preferred Stock Par Or Stated Value Per Share
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0.01 | |
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Preferred Stock Shares Authorized
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Preferred Stock Value
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Prepaid Expense And Other Assets Current
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Preferred Stock Shares Issued
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Preferred Stock Shares Outstanding
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6209000 | |
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Property Plant And Equipment Net
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103286000 | |
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Restructuring Reserve
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Retained Earnings Accumulated Deficit
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187242000 | |
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Stockholders Equity
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Treasury Stock Shares
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5493681 | shares |
| CY2016Q4 | us-gaap |
Treasury Stock Value
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173512000 | |
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Accrued Manufacturing Expenses Current
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|
1799000 | |
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Accrued Liabilities And Other Liabilities Current Excluding Warranty
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34693000 | |
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Number Of Reportable Segments
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|
1 | Segment | |
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Amendment Flag
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Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
500000 | ||
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Business Acquisition Pro Forma Earnings Per Share Basic
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|
2.64 | ||
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Business Acquisitions Pro Forma Revenue
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|
475076000 | ||
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Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
76829000 | ||
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Allocated Share Based Compensation Expense
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3913000 | ||
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Accretion Expense
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|
78000 | ||
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Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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1400000 | ||
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Business Acquisitions Pro Forma Net Income Loss
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77570000 | ||
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Business Acquisition Pro Forma Earnings Per Share Diluted
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2.62 | ||
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Concentration Risk Credit Risk
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <i>Concentrations and Credit Risk</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> In addition to its trade receivables, the Company assesses the credit risk exposure of its customers’ contracts receivable by considering the length of time receivables may be past due, the customer’s financial condition and ability to repay the obligation, historical and expected credit loss experience, and other factors. Contracts receivable are carried at the original invoice amount in accounts receivable in the Company’s Condensed Consolidated Balance Sheet and are generally due when billed, and contract retainage is generally due at the completion of the construction contract.</p> </div> | ||
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Cash And Cash Equivalents Period Increase Decrease
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Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
250473000 | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Entity Registrant Name
EntityRegistrantName
|
TREX CO INC | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001069878 | ||
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Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
12065000 | ||
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Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.341 | pure | |
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Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
<div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top" width="4%" align="left"><b>5.</b></td> <td valign="top" align="left"><b>NEW ACCOUNTING STANDARDS NOT YET ADOPTED</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> In May 2017, the FASB issued ASU <font style="WHITE-SPACE: nowrap">No. 2017-09,</font> “<i>Compensation—Stock Compensation (Topic 718), Scope Modification Accounting</i>.” The guidance clarified when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value (or calculated intrinsic value, if those amounts are being used to measure the award under ASC 718), the vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. The guidance is effective prospectively for annual periods beginning on or after December 15, 2017. Early adoption is permitted. The Company intends to adopt the guidance on the effective date and does not believe adoption will have a material impact on its financial condition or results of operations.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In January 2017, the FASB issued ASU <font style="WHITE-SPACE: nowrap">No. 2017-04,</font> “<i>Intangibles—Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment</i>.” The guidance removes Step 2 of the goodwill impairment test and eliminates the need to determine the fair value of individual assets and liabilities to measure goodwill impairment. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. Entities will continue to have the option to perform a qualitative assessment to determine if a quantitative impairment test is necessary. The guidance is to be applied prospectively, and is effective for annual and interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for any impairment tests performed on testing dates after January 1, 2017. The Company intends to adopt the guidance on the effective date and does not believe adoption will have a material impact on its financial condition or results of operations.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In August 2016, the FASB issued ASU <font style="WHITE-SPACE: nowrap">No. 2016-15,</font> “<i>Statement of Cash flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments</i>.” The guidance is intended to reduce diversity in practice across all industries in how certain transactions are classified in the statement of cash flows. The guidance is effective for financial statements issued for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The guidance requires application using a retrospective transition method. The Company intends to adopt the guidance on the effective date and does not believe adoption will have a material impact on its consolidated financial statements.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In February 2016, the FASB issued ASU <font style="WHITE-SPACE: nowrap">No. 2016-02,</font> “<i>Leases (Topic 842)</i>.” The standard requires lessees to recognize leases on the balance sheet as a <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">right-of-use</font></font> asset and a lease liability, other than leases that meet the definition of a short-term lease. The liability will be equal to the present value of the lease payments. The asset will be based on the liability, subject to adjustment. Currently, under existing U.S. generally accepted accounting standards, the Company does not recognize on the balance sheet a <font style="WHITE-SPACE: nowrap"><font style="WHITE-SPACE: nowrap">right-of-use</font></font> asset or lease liability related to its operating leases. For income statement purposes, the leases will continue to be classified as either operating or finance. Operating leases will result in straight-line expense (similar to current operating leases) and finance leases will result in a front-loaded expense pattern (similar to current capital leases). The standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted. The standard must be adopted using the modified retrospective transition method and provides for the option to elect a package of practical expedients upon adoption. The Company intends to adopt the standard in the first quarter of fiscal 2019 and is assessing the impact of adoption of the standard on its consolidated financial statements and related note disclosures. The Company has not made any decision on the option to elect adoption of the practical expedients.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> In May 2014, the FASB issued ASU <font style="WHITE-SPACE: nowrap">No. 2014-09,</font> <i>“Revenue from Contracts with Customers (Topic 606),</i>” and issued subsequent amendments to the initial guidance in August 2015 within ASU <font style="WHITE-SPACE: nowrap">No. 2015-14,</font> in March 2016 within ASU <font style="WHITE-SPACE: nowrap">No. 2016-08,</font> in April 2016 within ASU <font style="WHITE-SPACE: nowrap">No. 2016-10,</font> in May 2016 within ASU <font style="WHITE-SPACE: nowrap">No. 2016-12,</font> and in December 2016 within ASU <font style="WHITE-SPACE: nowrap">No. 2016-20</font> (collectively, the new standard). The new standard provides a single, comprehensive model for revenue arising from contracts with customers and supersedes most current revenue recognition guidance. The new standard requires an entity to recognize revenue when it satisfies a performance obligation at an amount that reflects the consideration to which the entity expects to be entitled in exchange for transferring control of goods or services to a customer. The Company intends to adopt the new standard in the first quarter of fiscal 2018. Currently, the Company intends to use the retrospective application to each reporting period presented, with the option to elect certain practical expedients as defined in the new standard. The Company has substantially completed evaluation of its Trex Residential Products segment and believes that adoption of the new standard will not have a significant impact on that segment. The Company continues to evaluate the impact of the new standard on its recently acquired Trex Commercial Products segment and expects to complete the evaluation during the fourth quarter of 2017. The Company expects expanded financial statement note disclosure. The Company continues to evaluate the impacts of the pending adoption. As such, the Company’s preliminary assessments are subject to change.</p> </div> | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | ||
| dei |
Document Type
DocumentType
|
10-Q | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.60 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2017-09-30 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.61 | ||
| us-gaap |
Effective Income Tax Rate Reconciliation Deductions Qualified Production Activities
EffectiveIncomeTaxRateReconciliationDeductionsQualifiedProductionActivities
|
0.006 | pure | |
| us-gaap |
Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
|
0 | ||
| dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
| us-gaap |
Gross Profit
GrossProfit
|
192468000 | ||
| us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-1720000 | ||
| us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
57938000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
116544000 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
32016000 | ||
| us-gaap |
Increase Decrease In Cost In Excess Of Billing On Uncompleted Contract
IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract
|
1243000 | ||
| us-gaap |
Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
|
-399000 | ||
| us-gaap |
Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
|
-609000 | ||
| us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
7698000 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
14407000 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-4860000 | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
39715000 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1203000 | ||
| us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-1430000 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-2987000 | ||
| us-gaap |
Interest Expense
InterestExpense
|
515000 | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
416000 | ||
| us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td valign="top" width="4%" align="left"><b>1.</b></td> <td valign="top" align="left"><b>BUSINESS AND ORGANIZATION</b></td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Trex Company, Inc. (Company) is the world’s largest manufacturer of wood-alternative decking and railing products, with more than 25 years of product experience which are marketed under the brand name Trex<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">®</sup>. The Company manufactures and distributes high-performance, <font style="WHITE-SPACE: nowrap">low-maintenance</font> wood/plastic composite outdoor living products and related accessories. A majority of its products are manufactured in a proprietary process that combines reclaimed wood fibers and scrap polyethylene. On July 31, 2017, through its newly-formed, wholly-owned subsidiary, Trex Commercial Products, Inc., the Company acquired certain assets and assumed certain liabilities of Staging Concepts Acquisition, LLC (SC Company) and thus expanded its markets to also become a market leader for the design, engineering and marketing of modular and architectural railing systems and solutions for the commercial and multifamily markets, and a leading provider of staging, acoustical and seating systems for commercial markets, including sports stadiums and performing arts venues. Additional information on the acquisition of SC Company is presented in Note 6. The Company is incorporated in Delaware. The principal executive offices are located at 160 Exeter Drive, Winchester, Virginia 22603, and the telephone number at that address is <font style="WHITE-SPACE: nowrap">(540) 542-6300.</font> Subsequent to the acquisition, the Company operates in two reportable segments, Trex Residential Products and Trex Commercial Products.</p> </div> | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-82631000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
92837000 | ||
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | Segment | |
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-3329000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
76829000 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
117059000 | ||
| us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
405000 | ||
| us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
430000 | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
3617000 | ||
| us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
71523000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
11108000 | ||
| us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
288000 | ||
| us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
201000000 | ||
| us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
201000000 | ||
| us-gaap |
Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
|
-23000 | ||
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
442941000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3913000 | ||
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
75409000 | ||
| dei |
Trading Symbol
TradingSymbol
|
TREX | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29563497 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
29385722 | shares | |
| trex |
Number Of Stock Based Compensation Plan
NumberOfStockBasedCompensationPlan
|
1 | Plan | |
| trex |
Increase Decrease In Contract Retainage
IncreaseDecreaseInContractRetainage
|
-55000 | ||
| trex |
Number Of Sales Retailers
NumberOfSalesRetailers
|
2 | Retailer | |
| trex |
Effective Income Tax Rate Reconciliation Blended Federal And State Income Tax Rate
EffectiveIncomeTaxRateReconciliationBlendedFederalAndStateIncomeTaxRate
|
0.380 | pure | |
| us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3806000 | ||
| us-gaap |
Accretion Expense
AccretionExpense
|
113000 | ||
| us-gaap |
Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
|
1700000 | ||
| us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
54978000 | ||
| us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
1.87 | ||
| us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
427043000 | ||
| us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
1.86 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
16942000 | ||
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
55217000 | ||
| us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
235312000 | ||
| us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
10893000 | ||
| us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.335 | pure | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.86 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.88 | ||
| us-gaap |
Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
|
0 | ||
| us-gaap |
Gross Profit
GrossProfit
|
148982000 | ||
| us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
189000 | ||
| us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
83088000 | ||
| us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
19435000 | ||
| us-gaap |
Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
|
8487000 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-1580000 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-6597000 | ||
| us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
27871000 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-6761000 | ||
| us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
5005000 | ||
| us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
771000 | ||
| us-gaap |
Interest Expense
InterestExpense
|
1108000 | ||
| us-gaap |
Interest Paid Net
InterestPaidNet
|
849000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-4185000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
83579000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-62452000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
55217000 | ||
| us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
84196000 | ||
| us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
285000 | ||
| us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
485000 | ||
| us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
536000 | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
55185000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
8534000 | ||
| us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
218000 | ||
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
4349000 | ||
| us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
242700000 | ||
| us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
249700000 | ||
| us-gaap |
Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
|
-85000 | ||
| us-gaap |
Sales Revenue Net
SalesRevenueNet
|
384294000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3806000 | ||
| us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
64786000 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29635796 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
29419958 | shares | |
| CY2016Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
861000 | |
| CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
7787000 | |
| CY2016Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
76223000 | |
| CY2016Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.26 | |
| CY2016Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.27 | |
| CY2016Q3 | us-gaap |
Gross Profit
GrossProfit
|
29945000 | |
| CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
10489000 | |
| CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2702000 | |
| CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
77000 | |
| CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
7787000 | |
| CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
10566000 | |
| CY2016Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
106168000 | |
| CY2016Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
19379000 | |
| CY2016Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29516718 | shares |
| CY2016Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
29295284 | shares |
| CY2017Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1037000 | |
| CY2017Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
800000 | |
| CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
20098000 | |
| CY2017Q3 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
84910000 | |
| CY2017Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.68 | |
| CY2017Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.68 | |
| CY2017Q3 | us-gaap |
Gross Profit
GrossProfit
|
55284000 | |
| CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
30306000 | |
| CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10208000 | |
| CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
59000 | |
| CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
20098000 | |
| CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
30365000 | |
| CY2017Q3 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
140194000 | |
| CY2017Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
24919000 | |
| CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
29578216 | shares |
| CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
29404049 | shares |
