XML 57 R38.htm IDEA: XBRL DOCUMENT
v3.19.2

FINANCIAL STATEMENTS FOR GUARANTORS OF THE 4.500% SENIOR UNSECURED NOTES (Tables) | 3 Months Ended
--- | ---
Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Condensed Consolidating Statement of Earnings and Comprehensive Earnings |
Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Three Months Ended June 30, 2019 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenue |  | $ | — |  |  | $ | 370,597 |  |  | $ | — |  |  | $ | 370,597 |
Cost of Goods Sold |  |  | — |  |  |  | 295,268 |  |  |  | — |  |  |  | 295,268 |
Gross Profit |  |  | — |  |  |  | 75,329 |  |  |  | — |  |  |  | 75,329 |
Equity in Earnings of Unconsolidated Joint Venture |  |  | 9,432 |  |  |  | 9,432 |  |  |  | (9,432 | ) |  |  | 9,432 |
Equity in Earnings of Subsidiaries |  |  | 55,742 |  |  |  | — |  |  |  | (55,742 | ) |  |  | — |
Corporate General and Administrative Expenses |  |  | (20,968 | ) |  |  | (286 | ) |  |  | — |  |  |  | (21,254 | )
Other Non-Operating Income |  |  | 426 |  |  |  | (226 | ) |  |  | — |  |  |  | 200 |
Interest Expense, net |  |  | (8,834 | ) |  |  | (12 | ) |  |  | — |  |  |  | (8,846 | )
Earnings before Income Taxes |  |  | 35,798 |  |  |  | 84,237 |  |  |  | (65,174 | ) |  |  | 54,861 |
Income Taxes |  |  | 5,506 |  |  |  | (19,063 | ) |  |  | — |  |  |  | (13,557 | )
Net Earnings |  | $ | 41,304 |  |  | $ | 65,174 |  |  | $ | (65,174 | ) |  | $ | 41,304 |
Net Earnings |  | $ | 41,304 |  |  | $ | 65,174 |  |  | $ | (65,174 | ) |  | $ | 41,304 |
Net Actuarial Change in Benefit Plans, net of tax |  |  | 33 |  |  |  | 33 |  |  |  | (33 | ) |  |  | 33 |
Comprehensive Earnings |  | $ | 41,337 |  |  | $ | 65,207 |  |  | $ | (65,207 | ) |  | $ | 41,337 |
Condensed Consolidating Statement of Earnings and Comprehensive Earnings For the Three Months Ended June 30, 2018 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenue |  | $ | — |  |  | $ | 393,756 |  |  | $ | — |  |  | $ | 393,756 |
Cost of Goods Sold |  |  | — |  |  |  | 302,122 |  |  |  | — |  |  |  | 302,122 |
Gross Profit |  |  | — |  |  |  | 91,634 |  |  |  | — |  |  |  | 91,634 |
Equity in Earnings of Unconsolidated Joint Venture |  |  | 9,251 |  |  |  | 9,251 |  |  |  | (9,251 | ) |  |  | 9,251 |
Equity in Earnings of Subsidiaries |  |  | 67,258 |  |  |  | — |  |  |  | (67,258 | ) |  |  | — |
Corporate General and Administrative Expenses |  |  | (6,729 | ) |  |  | (1,274 | ) |  |  | — |  |  |  | (8,003 | )
Legal Settlements |  |  | — |  |  |  | (1,800 | ) |  |  | — |  |  |  | (1,800 | )
Other Non-Operating Income |  |  | (93 | ) |  |  | 664 |  |  |  | — |  |  |  | 571 |
Interest Expense, net |  |  | (6,619 | ) |  |  | (13 | ) |  |  | — |  |  |  | (6,632 | )
Earnings before Income Taxes |  |  | 63,068 |  |  |  | 98,462 |  |  |  | (76,509 | ) |  |  | 85,021 |
Income Taxes |  |  | 3,271 |  |  |  | (21,953 | ) |  |  | — |  |  |  | (18,682 | )
Net Earnings |  | $ | 66,339 |  |  | $ | 76,509 |  |  | $ | (76,509 | ) |  | $ | 66,339 |
Net Earnings |  | $ | 66,339 |  |  | $ | 76,509 |  |  | $ | (76,509 | ) |  |  | 66,339 |
Net Actuarial Change in Benefit Plans, net of tax |  |  | 56 |  |  |  | 56 |  |  |  | (56 | ) |  |  | 56 |
Comprehensive Earnings |  | $ | 66,395 |  |  | $ | 76,565 |  |  | $ | (76,565 | ) |  | $ | 66,395 |
Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet At June 30, 2019 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 16,881 |  |  | $ | 2,281 |  |  | $ | — |  |  | $ | 19,162 |
Accounts and Notes Receivable |  |  | 1,165 |  |  |  | 173,114 |  |  |  | — |  |  |  | 174,279 |
Inventories |  |  | — |  |  |  | 263,612 |  |  |  | — |  |  |  | 263,612 |
Prepaid and Other Current Assets |  |  | 890 |  |  |  | 8,574 |  |  |  | — |  |  |  | 9,464 |
Total Current Assets |  |  | 18,936 |  |  |  | 447,581 |  |  |  | — |  |  |  | 466,517 |
Property, Plant, and Equipment, net |  |  | 7,465 |  |  |  | 1,417,238 |  |  |  | — |  |  |  | 1,424,703 |
Notes Receivable |  |  | — |  |  |  | 2,772 |  |  |  | — |  |  |  | 2,772 |
Investment in Joint Venture |  |  | 70 |  |  |  | 71,235 |  |  |  | — |  |  |  | 71,305 |
Investments in Subsidiaries and Receivables from Affiliates |  |  | 2,077,332 |  |  |  | 130,914 |  |  |  | (2,208,246 | ) |  |  | — |
Operating Lease Right of Use Assets |  |  | 10,415 |  |  |  | 52,929 |  |  |  | — |  |  |  | 63,344 |
Goodwill and Intangible Assets, net |  |  | — |  |  |  | 228,316 |  |  |  | — |  |  |  | 228,316 |
Other Assets |  |  | 4,525 |  |  |  | 7,596 |  |  |  | — |  |  |  | 12,121 |
|  | $ | 2,118,743 |  |  | $ | 2,358,581 |  |  | $ | (2,208,246 | ) |  | $ | 2,269,078 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts Payable |  | $ | 6,314 |  |  | $ | 77,602 |  |  | $ | — |  |  | $ | 83,916 |
Accrued Liabilities |  |  | 23,046 |  |  |  | 33,590 |  |  |  | — |  |  |  | 56,636 |
Income Taxes Payable |  |  | 3,914 |  |  |  | — |  |  |  | — |  |  |  | 3,914 |
Operating Lease Liabilities |  |  | 1,129 |  |  |  | 10,861 |  |  |  | — |  |  |  | 11,990 |
Current Portion of Long-term Debt |  |  | 36,500 |  |  |  | — |  |  |  | — |  |  |  | 36,500 |
Total Current Liabilities |  |  | 70,903 |  |  |  | 122,053 |  |  |  | — |  |  |  | 192,956 |
Long-term Debt |  |  | 840,259 |  |  |  | — |  |  |  | — |  |  |  | 840,259 |
Noncurrent Lease Liabilities |  |  | 13,109 |  |  |  | 42,775 |  |  |  | — |  |  |  | 55,884 |
Other Long-term Liabilities |  |  | — |  |  |  | 30,257 |  |  |  | — |  |  |  | 30,257 |
Payables to Affiliates |  |  | 130,914 |  |  |  | 6,027,256 |  |  |  | (6,158,170 | ) |  |  | — |
Deferred Income Taxes |  |  | 8,292 |  |  |  | 86,164 |  |  |  | — |  |  |  | 94,456 |
Total Liabilities |  |  | 1,063,477 |  |  |  | 6,308,505 |  |  |  | (6,158,170 | ) |  |  | 1,213,812 |
Total Stockholders’ Equity |  |  | 1,055,266 |  |  |  | (3,949,924 | ) |  |  | 3,949,924 |  |  |  | 1,055,266 |
|  | $ | 2,118,743 |  |  | $ | 2,358,581 |  |  | $ | (2,208,246 | ) |  | $ | 2,269,078 |
Condensed Consolidating Balance Sheet At March 31, 2019 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents |  | $ | 5,779 |  |  | $ | 2,822 |  |  | $ | — |  |  | $ | 8,601 |
Accounts and Notes Receivable |  |  | 437 |  |  |  | 128,285 |  |  |  | — |  |  |  | 128,722 |
Inventories |  |  | — |  |  |  | 275,194 |  |  |  | — |  |  |  | 275,194 |
Income Tax Receivables |  |  | 5,480 |  |  |  | — |  |  |  | — |  |  |  | 5,480 |
Prepaid and Other Current Assets |  |  | 1,472 |  |  |  | 8,152 |  |  |  | — |  |  |  | 9,624 |
Total Current Assets |  |  | 13,168 |  |  |  | 414,453 |  |  |  | — |  |  |  | 427,621 |
Property, Plant, and Equipment, net |  |  | 7,756 |  |  |  | 1,419,183 |  |  |  | — |  |  |  | 1,426,939 |
Notes Receivable |  |  | — |  |  |  | 2,898 |  |  |  | — |  |  |  | 2,898 |
Investment in Joint Venture |  |  | 70 |  |  |  | 64,803 |  |  |  | — |  |  |  | 64,873 |
Investments in Subsidiaries and Receivables from Affiliates |  |  | 2,322,334 |  |  |  | 406,726 |  |  |  | (2,729,060 | ) |  |  | — |
Goodwill and Intangible Assets, net |  |  | — |  |  |  | 229,115 |  |  |  | — |  |  |  | 229,115 |
Other Assets |  |  | 4,571 |  |  |  | 13,146 |  |  |  | — |  |  |  | 17,717 |
|  | $ | 2,347,899 |  |  | $ | 2,550,324 |  |  | $ | (2,729,060 | ) |  | $ | 2,169,163 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts Payable |  | $ | 5,520 |  |  | $ | 75,364 |  |  | $ | — |  |  | $ | 80,884 |
Accrued Liabilities |  |  | 22,470 |  |  |  | 39,479 |  |  |  | — |  |  |  | 61,949 |
Current Portion of Long-term Debt |  |  | 36,500 |  |  |  | — |  |  |  | — |  |  |  | 36,500 |
Total Current Liabilities |  |  | 64,490 |  |  |  | 114,843 |  |  |  | — |  |  |  | 179,333 |
Long-term Debt |  |  | 655,092 |  |  |  | — |  |  |  | — |  |  |  | 655,092 |
Other Long-term Liabilities |  |  | 3,303 |  |  |  | 31,189 |  |  |  | — |  |  |  | 34,492 |
Payables to Affiliates |  |  | 406,726 |  |  |  | 5,730,093 |  |  |  | (6,136,819 | ) |  |  | — |
Deferred Income Taxes |  |  | 8,801 |  |  |  | 81,958 |  |  |  | — |  |  |  | 90,759 |
Total Liabilities |  |  | 1,138,412 |  |  |  | 5,958,083 |  |  |  | (6,136,819 | ) |  |  | 959,676 |
Total Stockholders’ Equity |  |  | 1,209,487 |  |  |  | (3,407,759 | ) |  |  | 3,407,759 |  |  |  | 1,209,487 |
|  | $ | 2,347,899 |  |  | $ | 2,550,324 |  |  | $ | (2,729,060 | ) |  | $ | 2,169,163 |
Condensed Consolidating Statement of Cash Flows |
Condensed Consolidating Statement of Cash Flows For the Three Months Ended June 30, 2019 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Cash Provided by (Used in) Operating Activities |  | $ | (6,412 | ) |  | $ | 57,110 |  |  | $ | — |  |  | $ | 50,698 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Additions to Property, Plant, and Equipment |  |  | — |  |  |  | (21,813 | ) |  |  | — |  |  |  | (21,813 | )
Net Cash Used in Investing Activities |  |  | — |  |  |  | (21,813 | ) |  |  | — |  |  |  | (21,813 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Increase in Credit Facility |  |  | 185,000 |  |  |  | — |  |  |  | — |  |  |  | 185,000 |
Dividends Paid to Stockholders |  |  | (4,499 | ) |  |  | — |  |  |  | — |  |  |  | (4,499 | )
Purchase and Retirement of Common Stock |  |  | (198,355 | ) |  |  | — |  |  |  | — |  |  |  | (198,355 | )
Proceeds from Stock Option Exercises |  |  | 396 |  |  |  | — |  |  |  | — |  |  |  | 396 |
Shares Redeemed to Settle Employee Taxes on Stock Compensation |  |  | (866 | ) |  |  | — |  |  |  | — |  |  |  | (866 | )
Intra-entity Activity, net |  |  | 35,838 |  |  |  | (35,838 | ) |  |  | — |  |  |  | — |
Net Cash Provided by (Used in) Financing Activities |  |  | 17,514 |  |  |  | (35,838 | ) |  |  | — |  |  |  | (18,324 | )
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH |  |  | 11,102 |  |  |  | (541 | ) |  |  | — |  |  |  | 10,561 |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD |  |  | 5,779 |  |  |  | 2,822 |  |  |  | — |  |  |  | 8,601 |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD |  | $ | 16,881 |  |  | $ | 2,281 |  |  | $ | — |  |  | $ | 19,162 |
Condensed Consolidating Statement of Cash Flows For the Three Months Ended June 30, 2018 |  | Parent |  |  | Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Cash Provided by (Used in) Operating Activities |  | $ | (21,444 | ) |  | $ | 103,353 |  |  | $ | — |  |  | $ | 81,909 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, Plant, and Equipment Additions |  |  | (27 | ) |  |  | (53,046 | ) |  |  | — |  |  |  | (53,073 | )
Proceeds from Sale of Property, Plant, and Equipment |  |  | — |  |  |  | 2,281 |  |  |  |  |  |  |  | 2,281 |
Net Cash Used in Investing Activities |  |  | (27 | ) |  |  | (50,765 | ) |  |  | — |  |  |  | (50,792 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Repayment of Credit Facility |  |  | 30,000 |  |  |  | — |  |  |  | — |  |  |  | 30,000 |
Dividends Paid to Stockholders |  |  | (4,790 | ) |  |  | — |  |  |  | — |  |  |  | (4,790 | )
Purchase and Retirement of Common Stock |  |  | (52,344 | ) |  |  | — |  |  |  | — |  |  |  | (52,344 | )
Proceeds from Stock Option Exercises |  |  | 1,992 |  |  |  | — |  |  |  | — |  |  |  | 1,992 |
Shares Redeemed to Settle Employee Taxes on Stock Compensation |  |  | (956 | ) |  |  | — |  |  |  | — |  |  |  | (956 | )
Intra-entity Activity, net |  |  | 52,110 |  |  |  | (52,110 | ) |  |  | — |  |  |  | — |
Net Cash Provided by (Used in) Financing Activities |  |  | 26,012 |  |  |  | (52,110 | ) |  |  | — |  |  |  | (26,098 | )
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH |  |  | 4,541 |  |  |  | 478 |  |  |  | — |  |  |  | 5,019 |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD |  |  | 44,537 |  |  |  | 3,531 |  |  |  | — |  |  |  | 48,068 |
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD |  | $ | 49,078 |  |  | $ | 4,009 |  |  | $ | — |  |  | $ | 53,087 |

X
- Definition Tabular disclosure of condensed income statement and statement of comprehensive income, including but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | exp_CondensedStatementOfIncomeAndComprehensiveIncomeTableTextBlock
Namespace Prefix: | exp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration