10-Q Filing

ALAMO GROUP INC CIK: 897077 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000897077-11-000020`
Period End Date	20110630
Filing Date	20110805
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	alg-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 64 Cash Flow Statement 72

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.90M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.87M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$127.39M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$169.69M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.87M	shares	Point-in-time
Inventories	`InventoryNet`	$122.18M	USD	Point-in-time
Inventories	`InventoryNet`	$99.30M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.90M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.81M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.90M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42,600.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42,600.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.86M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$4.64M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$448.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$448.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$327.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$265.06M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$144.95M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$139.67M	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$78.49M	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$84.49M	USD	Point-in-time
Property, Plant And Equipment, Net	`PropertyPlantAndEquipmentNet`	$60.46M	USD	Point-in-time
Property, Plant And Equipment, Net	`PropertyPlantAndEquipmentNet`	$61.18M	USD	Point-in-time
Goodwill	`Goodwill`	$34.07M	USD	Point-in-time
Goodwill	`Goodwill`	$35.64M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$5.50M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$5.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$4.31M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$5.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$855.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$861.00K	USD	Point-in-time
Total assets	`Assets`	$434.53M	USD	Point-in-time
Total assets	`Assets`	$370.98M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$56.30M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$45.15M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.57M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$30.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.81M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$1.45M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.32M	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesCurrent`	$338.00K	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesCurrent`	$338.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$79.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$88.69M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$23.11M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$56.42M	USD	Point-in-time
Deferred pension liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$6.14M	USD	Point-in-time
Deferred pension liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$7.15M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.11M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.11M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.09M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$6.17M	USD	Point-in-time
Common stock, $.10 par value, 20,000,000 shares authorized; 11,898,529 and 11,872,479 issued and outstanding at June 30, 2011 and December 31, 2010	`CommonStockValue`	$1.19M	USD	Point-in-time
Common stock, $.10 par value, 20,000,000 shares authorized; 11,898,529 and 11,872,479 issued and outstanding at June 30, 2011 and December 31, 2010	`CommonStockValue`	$1.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$85.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$84.38M	USD	Point-in-time
Treasury stock, at cost; 42,600 shares at June 30, 2011 and December 31, 2010	`TreasuryStockValue`	$426.00K	USD	Point-in-time
Treasury stock, at cost; 42,600 shares at June 30, 2011 and December 31, 2010	`TreasuryStockValue`	$426.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$179.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$166.59M	USD	Point-in-time
Accumulated other comprehensive income, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.38M	USD	Point-in-time
Accumulated other comprehensive income, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.53M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$253.26M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$273.07M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$370.98M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$434.53M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$269.22M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$138.07M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$160.82M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$301.54M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$123.43M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$109.39M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$212.41M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$232.25M	USD	2 Qtrs
Gross profit	`GrossProfit`	$56.82M	USD	2 Qtrs
Gross profit	`GrossProfit`	$28.68M	USD	1 Quarter
Gross profit	`GrossProfit`	$37.39M	USD	1 Quarter
Gross profit	`GrossProfit`	$69.29M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$46.24M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$43.02M	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$23.68M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$21.36M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.79M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$13.71M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$23.05M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$7.33M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.21M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.02M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.27M	USD	2 Qtrs
Interest expense	`InterestExpense`	$444.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$52.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$305.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.12M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$124.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-35.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-222.00K	USD	2 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-75.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-25.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.74M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.60M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.24M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.58M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.71M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.74M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.16M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.33M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$8.91M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$8.86M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$14.58M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$4.87M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.75	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.23	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.75	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.75	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.74	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.22	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.75M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.84M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.85M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	11.76M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.86M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.88M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.97M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.97M	shares	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.12	USD	2 Qtrs
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.12	USD	2 Qtrs
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$8.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.86M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$14.58M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$4.87M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$742.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$591.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$5.29M	USD	2 Qtrs
Depreciation	`Depreciation`	$5.30M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	-	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$170.00K	USD	2 Qtrs
Amortization of debt issuance	`AmortizationOfFinancingCosts`	$125.00K	USD	2 Qtrs
Amortization of debt issuance	`AmortizationOfFinancingCosts`	$188.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$564.00K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$341.00K	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$119.00K	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$45.00K	USD	2 Qtrs
Provision for deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-1.04M	USD	2 Qtrs
Provision for deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-1.05M	USD	2 Qtrs
Loss on sale of property, plant & equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$65.00K	USD	2 Qtrs
Loss on sale of property, plant & equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$24.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$28.88M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$40.41M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$20.54M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-11.72M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$254.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.77M	USD	2 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.54M	USD	2 Qtrs
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.50M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.57M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.50M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.13M	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-815.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.48M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.05M	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$426.00K	USD	2 Qtrs
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.05M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.18M	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$139.00K	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$114.00K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.47M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.93M	USD	2 Qtrs
Net change in bank revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$33.50M	USD	2 Qtrs
Net change in bank revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.00M	USD	2 Qtrs
Principal payments on long-term debt and capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$1.40M	USD	2 Qtrs
Principal payments on long-term debt and capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.77M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$194.00K	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$261.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.42M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.41M	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$326.00K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$233.00K	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$119.00K	USD	2 Qtrs
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$45.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.22M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.55M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.65M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.09M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.10M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.38M	USD	2 Qtrs
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$26.14M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$30.24M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$17.77M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$26.14M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$30.24M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$17.77M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Interest	`InterestPaidNet`	$2.18M	USD	2 Qtrs
Interest	`InterestPaidNet`	$1.17M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$9.90M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$6.21M	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.