MWI Veterinary Supply, Inc.

CIK:0001323974|SEC Filings

Computation of Earnings per Share

3 Months Ended

Dec. 31, 2014

Computation Of Earnings Per Share [Abstract]

NOTE 11 — COMPUTATION OF EARNINGS PER SHARE (In thousands, except per share data)



	Three Months Ended December 31,
	2014				2013
	Basic		Diluted		Basic		Diluted
Net income	$	20,055	$	20,055	$	18,439	$	18,439

Weighted average common shares outstanding		12,750		12,750		12,707		12,707
Effect of dilutive securities
Stock options and restricted stock				24				36

Weighted average diluted shares outstanding				12,774				12,743
Earnings per share	$	1.57	$	1.57	$	1.45	$	1.45

Anti-dilutive shares excluded from calculation				-				-

Statements of Cash flows - Supplemental and Non-Cash Disclosures

3 Months Ended

Dec. 31, 2014

Statements of Cash Flows — Supplemental and Noncash Disclosures [Abstract]

Statements of Cash Flows — Supplemental and Noncash Disclosures

NOTE 14 — STATEMENTS OF CASH FLOWS – SUPPLEMENTAL AND NON-CASH DISCLOSURES



	Three Months Ended December 31,
	2014		2013
Supplemental Disclosures
Cash paid for interest	$	224	$	212
Cash paid for income taxes		558		704
Non-cash Activities
Property and equipment acquisitions financed with accounts payable		672		459

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014
Current Assets:
Cash and cash equivalents	$ 2,361	$ 2,433
Receivables, net	375,687us-gaap_AccountsReceivableNetCurrent	398,990us-gaap_AccountsReceivableNetCurrent
Inventories	419,461us-gaap_InventoryNet	430,499us-gaap_InventoryNet
Prepaid expenses and other current assets	4,558us-gaap_PrepaidExpenseAndOtherAssets	8,436us-gaap_PrepaidExpenseAndOtherAssets
Deferred income taxes	4,281us-gaap_DeferredTaxAssetsNetCurrent	2,812us-gaap_DeferredTaxAssetsNetCurrent
Total current assets	806,348us-gaap_AssetsCurrent	843,170us-gaap_AssetsCurrent
Property and equipment, net	53,147us-gaap_PropertyPlantAndEquipmentNet	50,150us-gaap_PropertyPlantAndEquipmentNet
Goodwill	85,894us-gaap_Goodwill	86,881us-gaap_Goodwill
Intangibles, net	48,685	50,093
Other assets, net	11,998us-gaap_OtherAssetsNoncurrent	11,622us-gaap_OtherAssetsNoncurrent
Total assets	1,006,072us-gaap_Assets	1,041,916us-gaap_Assets
Current Liabilities:
Credit facilities	69,278us-gaap_LinesOfCreditCurrent	78,200us-gaap_LinesOfCreditCurrent
Accounts payable	365,778us-gaap_AccountsPayableCurrent	417,388us-gaap_AccountsPayableCurrent
Accrued expenses and other current liabilities	36,148us-gaap_AccruedLiabilitiesCurrent	28,792us-gaap_AccruedLiabilitiesCurrent
Current portion of capital lease obligations		1us-gaap_CapitalLeaseObligationsCurrent
Total current liabilities	471,204us-gaap_LiabilitiesCurrent	524,381us-gaap_LiabilitiesCurrent
Deferred income taxes	12,921	12,602
Other long-term liabilities	2,058us-gaap_OtherLiabilitiesNoncurrent	2,562us-gaap_OtherLiabilitiesNoncurrent
Commitments and contingencies
Stockholders Equity
Common stock $0.01 par value, 40,000 authorized; 12,859 and 12,848 shares issued and outstanding, respectively	129us-gaap_CommonStockValue	129us-gaap_CommonStockValue
Additional paid in capital	154,858	153,159
Retained earnings	367,831	347,776
Accumulated other comprehensive income	(2,929)	1,307
Total stockholders’ equity	519,889	502,371
Total liabilities and stockholders’ equity	$ 1,006,072	$ 1,041,916