2013 Q2 Form 10-Q Financial Statement

#000114420413042015 Filed on July 30, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q4 2012 Q2
Revenue $413.1M $415.8M $362.4M
YoY Change 13.99% 21.69% 26.23%
Cost Of Revenue $354.3M $322.7M
YoY Change 9.77% 19.15%
Gross Profit $58.85M $54.34M $39.68M
YoY Change 48.32% 163.03% 144.34%
Gross Profit Margin 14.25% 13.07% 10.95%
Selling, General & Admin $22.71M $15.44M
YoY Change 47.12% 38.77%
% of Gross Profit 38.58% 38.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $22.71M $15.44M
YoY Change 47.12% 38.77%
Operating Profit $30.45M $8.568M
YoY Change 255.42% 67.44%
Interest Expense $6.577M $5.441M
YoY Change 20.88% 374.37%
% of Operating Profit 21.6% 63.5%
Other Income/Expense, Net -$333.0K -$56.00K
YoY Change 494.64% -609.09%
Pretax Income $23.54M $3.071M
YoY Change 666.59% -7.3%
Income Tax $9.407M $1.129M
% Of Pretax Income 39.96% 36.76%
Net Earnings $14.14M $80.18M $1.942M
YoY Change 627.86% 976.15% -41.19%
Net Earnings / Revenue 3.42% 19.28% 0.54%
Basic Earnings Per Share $0.20 $0.03
Diluted Earnings Per Share $0.20 $0.25
COMMON SHARES
Basic Shares Outstanding 68.44K shares 68.32K shares
Diluted Shares Outstanding 68.86K shares 68.53K shares

Balance Sheet

Concept 2013 Q2 2012 Q4 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $45.42M $81.45M $31.60M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $243.7M $189.5M $250.2M
Prepaid Expenses $8.200M
Receivables $124.6M $96.59M $103.0M
Other Receivables
Total Short-Term Assets $461.1M $418.1M $392.7M
YoY Change 17.42% 58.34%
LONG-TERM ASSETS
Property, Plant & Equipment $138.5M $132.1M $126.9M
YoY Change 9.1% 36.81%
Goodwill $150.3M $146.4M $151.5M
YoY Change -0.8%
Intangibles $170.0M $172.0M $177.7M
YoY Change -4.33% 767.72%
Long-Term Investments
YoY Change
Other Assets $10.30M $12.06M $12.70M
YoY Change -18.88% 58.79%
Total Long-Term Assets $478.3M $484.5M $468.8M
YoY Change 2.03% 290.74%
TOTAL ASSETS
Total Short-Term Assets $461.1M $418.1M $392.7M
Total Long-Term Assets $478.3M $484.5M $468.8M
Total Assets $939.4M $902.6M $861.5M
YoY Change 9.04% 132.61% 111.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $126.0M $87.30M $153.0M
YoY Change -17.61% -19.16%
Accrued Expenses $93.99M $104.9M $82.29M
YoY Change 14.22% 77.68%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $3.923M $3.381M $3.000M
YoY Change 30.77%
Total Short-Term Liabilities $225.6M $196.7M $239.1M
YoY Change -5.66% 16.72%
LONG-TERM LIABILITIES
Long-Term Debt $397.2M $416.8M $439.0M
YoY Change -9.54% 541.31%
Other Long-Term Liabilities $16.73M $15.51M $3.620M
YoY Change 362.13% 218.24%
Total Long-Term Liabilities $413.9M $432.4M $442.7M
YoY Change -6.5% 518.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $225.6M $196.7M $239.1M
Total Long-Term Liabilities $413.9M $432.4M $442.7M
Total Liabilities $410.0K $425.2M $681.8M
YoY Change -99.94% 78.34%
SHAREHOLDERS EQUITY
Retained Earnings -$303.8M -$323.7M -$422.3M
YoY Change -28.06% -24.61%
Common Stock $703.0K $702.0K $702.0K
YoY Change 0.14% -0.28%
Preferred Stock
YoY Change
Treasury Stock (at cost) $27.15M $27.12M $27.12M
YoY Change 0.13% 2.12%
Treasury Stock Shares 1.874M shares 1.870M shares 1.870M shares
Shareholders Equity $291.7M $268.7M $175.8M
YoY Change
Total Liabilities & Shareholders Equity $939.4M $902.6M $861.5M
YoY Change 9.04% 132.61%

Cashflow Statement

Concept 2013 Q2 2012 Q4 2012 Q2
OPERATING ACTIVITIES
Net Income $14.14M $80.18M $1.942M
YoY Change 627.86% 976.15% -41.19%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Trading Symbol
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0 USD
wnc Proceeds From Issuance Of Senior Notes
ProceedsFromIssuanceOfSeniorNotes
145500000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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292500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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20750000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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750000 USD
us-gaap Proceeds From Issuance Of Debt
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-151000 USD
us-gaap Proceeds From Issuance Of Debt
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us-gaap Payments Of Debt Issuance Costs
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5026000 USD
us-gaap Payments For Repurchase Of Equity
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35000 USD
us-gaap Payments For Repurchase Of Equity
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564000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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-22610000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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390703000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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-36034000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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11625000 USD
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19976000 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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31601000 USD
us-gaap Nature Of Operations
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<table border="0" style="clear:both;width:100%; table-layout:fixed;"> <tr> <td></td> </tr> </table> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; FONT-SIZE: 10pt"> <table style="clear:both;MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0px"></td> <td style="WIDTH: 0.5in"> <div><b>1.</b></div> </td> <td> <div><b>DESCRIPTION OF THE BUSINESS</b></div> </td> </tr> </table> </div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The condensed consolidated financial statements of Wabash National Corporation (the &#8220;Company&#8221;) have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the &#8220;SEC&#8221;). Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the accompanying condensed consolidated financial statements contain all material adjustments (consisting only of normal recurring adjustments) necessary to present fairly the consolidated financial position of the Company, its results of operations and cash flows. The condensed consolidated financial statements included herein should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company&#8217;s 2012 Annual Report on Form 10-K.</div> </div>
CY2012Q2 us-gaap Payments To Acquire Businesses Gross
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377000000 USD
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4700000 USD
CY2012Q2 wnc Payments To Acquire Businesses Additional Payment
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CY2012Q2 wnc Intangible Assets Purchase Price Allocation
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162800000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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21700000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
21900000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
21300000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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20100000 USD
CY2013Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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16900000 USD
CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
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148500000 USD
CY2013Q1 wnc Business Acquisition Of Purchase Price Allocation Intangible Assets Other Than Goodwill
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8860000 USD
CY2012Q2 us-gaap Business Acquisitions Pro Forma Revenue
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401142000 USD
us-gaap Business Acquisitions Pro Forma Revenue
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776155000 USD
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26372000 USD
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0.25
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64825000 USD
CY2013Q2 us-gaap Inventory Work In Process Net Of Reserves
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26303000 USD
CY2013Q2 us-gaap Inventory Finished Goods Net Of Reserves
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126909000 USD
CY2013Q2 us-gaap Inventory Parts And Components Net Of Reserves
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10256000 USD
CY2013Q2 us-gaap Other Inventory Net Of Reserves
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28255000 USD
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30020000 USD
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CY2013Q2 us-gaap Interest Expense Debt
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1266000 USD
us-gaap Accretion Expense
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1823000 USD
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CY2013Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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wnc Employee Service Share Based Compensation Related To Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition
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2016
us-gaap Loss Contingency Damages Sought Value
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CY2011Q4 us-gaap Loss Contingency Damages Awarded Value
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us-gaap Loss Contingency Disclosures
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<table border="0" style="clear:both;width:100%; table-layout:fixed;"> <tr> <td></td> </tr> </table> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; FONT-SIZE: 10pt"> <table style="clear:both;MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="VERTICAL-ALIGN: top"> <td style="WIDTH: 0.5in"> <div><b>7.</b></div> </td> <td style="TEXT-ALIGN: justify"> <div><b>CONTINGENCIES</b></div> </td> </tr> </table> </div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: left; MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt"> &#160;</div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <font style="FONT-WEIGHT: normal">The Company is involved in a number of legal proceedings concerning matters arising in connection with the conduct of its business activities, and is periodically subject to governmental examinations (including by regulatory and tax authorities), and information gathering requests (collectively, "governmental examinations"). 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As such, Wabash filed its notice of appeal with the Court of Appeals, as well as its initial appeal papers, on April 22, 2013. The Court of Appeals has the authority to re-hear all facts presented to the lower court, as well as to reconsider the legal questions presented in the case, and to render a new judgment in the case without regard to the lower court&#8217;s findings. Pending outcome of this appeal process, the judgment is not enforceable by the plaintiff. Any ruling from the Court of Appeals is not expected prior to the end of 2013, and, accordingly, the judgment rendered by the lower court cannot be enforced prior to that time, and may be overturned or reduced as a result of this process. The Company believes that the claims asserted by BK are without merit and it intends to continue to vigorously defend its position. The Company has not recorded a charge with respect to this loss contingency as of June 30, 2013. Furthermore, at this time, the Company does not have sufficient information to predict the ultimate outcome of the case and is unable to estimate the amount of any reasonable possible loss or range of loss that it may be required to pay at the conclusion of the case. 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However, at this stage of the proceeding, no assurance can be given as to the ultimate outcome of the case.</font></div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: left; MARGIN-TOP: 0pt; FONT: 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt"> &#160;</div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <font style="FONT-WEIGHT: normal"><i>Walker Acquisition</i></font></div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <font style="FONT-WEIGHT: normal"><i>&#160;</i></font></div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <font style="FONT-WEIGHT: normal">As indicated in Note 2, on May 8, 2012, the Company completed the Walker Acquisition pursuant to the Purchase and Sale Agreement for $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">377.0</font> million in cash. 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(&#8220;Bulk&#8221;), one of the Walker companies acquired by the Company on May 8, 2012, entered into agreements in 2011 with the Mexican federal environmental agency, PROFEPA, and the applicable state environmental agency, PROPAEG, pursuant to PROFEPA&#8217;s and PROPAEG&#8217;s respective environmental audit programs to resolve noncompliance with federal and state environmental laws at Bulk&#8217;s Guanajuato facility (&#8220;Compliance Agreements&#8221;). The Compliance Agreements require Bulk to undertake certain corrective action to come into compliance with environmental requirements. The Company does not expect that this matter will have a material adverse effect on its financial condition or results of operations.</div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> In January 2012, the Company was noticed as a potentially responsible party (&#8220;PRP&#8221;) by the U.S. Environmental Protection Agency (&#8220;EPA&#8221;) and the Louisiana Department of Environmental Quality (&#8220;LDEQ&#8221;) pertaining to the Marine Shale Processors Site located in Amelia, Louisiana (&#8220;MSP Site&#8221;) pursuant to the Comprehensive Environmental Response, Compensation and Liability Act (&#8220;CERCLA&#8221;) and corresponding Louisiana statutes. PRPs include current and former owners and operators of facilities at which hazardous substances were allegedly disposed. The EPA&#8217;s allegation that the Company is a PRP arises out of one alleged shipment of waste to the MSP Site in 1992 from the Company&#8217;s branch facility in Dallas, Texas. As such, the MSP Site PRP Group notified the Company in January 2012 that, as a result of a March 18, 2009 Cooperative Agreement for Site Investigation and Remediation entered into between the MSP Site PRP Group and the LDEQ, the Company was being offered a &#8220;De Minimis Cash-Out Settlement&#8221; to contribute to the remediation costs, which would remain open until February 29, 2012. The Company chose not to enter into the settlement and has denied any liability. In addition, the Company has requested that the MSP Site PRP Group remove the Company from the list of PRPs for the MSP Site, based upon the following facts. The Company acquired this branch facility in 1997 &#150; five years after the alleged shipment - as part of the assets the Company acquired out of the Fruehauf Trailer Corporation (&#8220;Fruehauf&#8221;) bankruptcy (Case No. 96-1563, United States Bankruptcy Court, District of Delaware (&#8220;Bankruptcy Court&#8221;)). As part of the Asset Purchase Agreement regarding the Company&#8217;s purchase of assets from Fruehauf, Wabash did not assume liability for &#8220;Off-Site Environmental Liabilities,&#8221; which are defined to include any environmental claims arising out of the treatment, storage, disposal or other disposition of any Hazardous Substance at any location other than any of the acquired locations/assets. The Bankruptcy Court, in an Order dated May 26, 1999, also provided that, except for those certain specified liabilities assumed by the Company under the terms of the Asset Purchase Agreement, the Company and its subsidiaries shall not be subject to claims asserting successor liability. The &#8220;no successor liability&#8221; language of the Asset Purchase Agreement and the Bankruptcy Court Order form the basis for the Company&#8217;s request that it be removed from the list of PRPs for the MSP Site. The MSP Site PSP Group is currently considering the Company&#8217;s request, but has provided no timeline to the Company for a response. However, the MSP Site PSP Group has agreed to indefinitely extend the time period by which the Company must respond to the De Minimis Cash-Out Settlement offer. The Company does not expect that this proceeding will have a material adverse effect on its financial condition or results of operations.</div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;&#160;</div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> In September 2003, the Company was noticed as a PRP by the U.S. Environmental Protection Agency (&#8220;EPA&#8221;) pertaining to the Motorola 52nd Street, Phoenix, Arizona Superfund Site (the &#8220;Superfund Site&#8221;) pursuant to the Comprehensive Environmental Response, Compensation and Liability Act (&#8220;CERCLA&#8221;). The EPA&#8217;s allegation that the Company was a PRP arises out of the Company&#8217;s acquisition of a former branch facility located approximately five miles from the original Superfund Site. The Company acquired this facility in 1997, operated the facility until 2000, and sold the facility to a third party in 2002. In June 2010, the Company was contacted by the Roosevelt Irrigation District (&#8220;RID&#8221;) informing it that the Arizona Department of Environmental Quality (&#8220;ADEQ&#8221;) had approved a remediation plan in excess of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">100</font> million for the RID portion of the Superfund Site, and demanded that the Company contribute to the cost of the plan or be named as a defendant in a CERCLA action to be filed in July 2010. The Company initiated settlement discussions with the RID and the ADEQ in July 2010 to provide a full release from the RID, and a covenant not-to-sue and contribution protection regarding the former branch property from the ADEQ, in exchange for payment from the Company. If the settlement is approved by all parties, it will prevent any third party from successfully bringing claims against the Company for environmental contamination relating to this former branch property. The Company has been awaiting approval from the ADEQ since the settlement was first proposed in July 2010. Based on communications with the RID and ADEQ in May 2013, the Company does not expect to receive a response regarding the approval of the settlement from the ADEQ for, at least, several additional months. Based upon the Company&#8217;s limited period of ownership of the former branch property, and the fact that it no longer owns the former branch property, it does not anticipate that the ADEQ will reject the proposed settlement, but no assurance can be given at this time as to the ADEQ&#8217;s response to the settlement proposal. The proposed settlement terms have been accrued and did not have a material adverse effect on the Company&#8217;s financial condition or results of operations, and the Company believes that any ongoing proceedings will not have a material adverse effect on the Company&#8217;s financial condition or results of operations.</div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: justify; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> In January 2006, the Company received a letter from the North Carolina Department of Environment and Natural Resources indicating that a site that the Company formerly owned near Charlotte, North Carolina has been included on the state's October 2005 Inactive Hazardous Waste Sites Priority List. The letter states that the Company was being notified in fulfillment of the state's &#8220;statutory duty&#8221; to notify those who own and those who at present are known to be responsible for each Site on the Priority List. No action is being requested from the Company at this time, and the Company has received no further notices or communications regarding this matter from the state of North Carolina. The Company does not expect that this designation will have a material adverse effect on its financial condition or results of operations.</div> </div>
CY2013Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1451 shares
CY2012Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1801 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1444 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1567 shares
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14135000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1942000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19870000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7006000 USD
CY2013Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
112000 USD
CY2012Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
16000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
169000 USD
CY2013Q2 wnc Net Income Loss Available To Common Stockholders Excluding Undistributed Earnings Allocated To Participating Securities
NetIncomeLossAvailableToCommonStockholdersExcludingUndistributedEarningsAllocatedToParticipatingSecurities
14023000 USD
CY2012Q2 wnc Net Income Loss Available To Common Stockholders Excluding Undistributed Earnings Allocated To Participating Securities
NetIncomeLossAvailableToCommonStockholdersExcludingUndistributedEarningsAllocatedToParticipatingSecurities
1926000 USD
wnc Net Income Loss Available To Common Stockholders Excluding Undistributed Earnings Allocated To Participating Securities
NetIncomeLossAvailableToCommonStockholdersExcludingUndistributedEarningsAllocatedToParticipatingSecurities
19701000 USD
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68442 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68323 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68419 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
416 shares
CY2012Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
202 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
425 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68858 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68525 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68844 shares
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.40 pure
CY2012Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
59900000 USD
CY2013Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
15423000 USD
CY2013Q2 us-gaap Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
20136000 USD
CY2013Q2 us-gaap Self Insurance Reserve
SelfInsuranceReserve
8105000 USD
CY2013Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
6610000 USD
CY2013Q2 us-gaap Customer Deposits Current
CustomerDepositsCurrent
32698000 USD
CY2013Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
11020000 USD
CY2011Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
11437000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2766000 USD
us-gaap Business Acquisition Revenue Reported By Acquired Entity For Last Annual Period
BusinessAcquisitionRevenueReportedByAcquiredEntityForLastAnnualPeriod
0 USD
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
650000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
2879000 USD
CY2012Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
15570000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 pure
CY2013Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1.0 pure
CY2013Q2 us-gaap Revenues
Revenues
413126000 USD
CY2012Q2 us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1.0 pure
CY2012Q2 us-gaap Revenues
Revenues
362408000 USD
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1.0 pure
us-gaap Revenues
Revenues
737355000 USD
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
1.0 pure
us-gaap Revenues
Revenues
640090000 USD

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