10-Q Filing

ALAMO GROUP INC CIK: 897077 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000897077-12-000011`
Period End Date	20120331
Filing Date	20120507
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	alg-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 32 Cash Flow Statement 70 Comprehensive Income 12

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.38M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.86M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.24M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.91M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$170.39M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$143.93M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.90M	shares	Point-in-time
Inventories	`InventoryNet`	$127.99M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.91M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.90M	shares	Point-in-time
Inventories	`InventoryNet`	$114.31M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.46M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.50M	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`	$4.91M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.16M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$937.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$937.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$345.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$276.12M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$147.58M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$150.11M	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$88.58M	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$86.03M	USD	Point-in-time
Property, Plant And Equipment, Net	`PropertyPlantAndEquipmentNet`	$61.52M	USD	Point-in-time
Property, Plant And Equipment, Net	`PropertyPlantAndEquipmentNet`	$61.54M	USD	Point-in-time
Goodwill	`Goodwill`	$31.75M	USD	Point-in-time
Goodwill	`Goodwill`	$32.37M	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`	$4.92M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$4.92M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.19M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.10M	USD	Point-in-time
Total assets	`Assets`	$380.94M	USD	Point-in-time
Total assets	`Assets`	$451.05M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$40.78M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$54.35M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.31M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.36M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$30.72M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$29.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$1.19M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$3.27M	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesCurrent`	$643.00K	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesCurrent`	$649.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$75.69M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.58M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$53.51M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$8.62M	USD	Point-in-time
Deferred pension liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$10.49M	USD	Point-in-time
Deferred pension liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$10.79M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.38M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$4.32M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$4.92M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$4.85M	USD	Point-in-time
Common stock, $.10 par value, 20,000,000 shares authorized; 11,905,879 and 11,902,729 issued and outstanding at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$1.19M	USD	Point-in-time
Common stock, $.10 par value, 20,000,000 shares authorized; 11,905,879 and 11,902,729 issued and outstanding at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$1.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$85.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$85.70M	USD	Point-in-time
Treasury stock, at cost; 42,600 shares at March 31, 2012 and December 31, 2011	`TreasuryStockValue`	$426.00K	USD	Point-in-time
Treasury stock, at cost; 42,600 shares at March 31, 2012 and December 31, 2011	`TreasuryStockValue`	$426.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$195.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$201.89M	USD	Point-in-time
Accumulated other comprehensive income, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.43M	USD	Point-in-time
Accumulated other comprehensive income, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.62M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$287.16M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$276.66M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$451.05M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$380.94M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$140.72M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$155.91M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$120.67M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$108.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$31.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$35.24M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$22.56M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$24.25M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.99M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.34M	USD	1 Quarter
Interest expense	`InterestExpense`	$765.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$443.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$72.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$55.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-574.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-147.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.03M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.25M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.83M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.67M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$6.79M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.57	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.87M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.83M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.03M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.98M	shares	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Dividends declared	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$5.67M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$6.79M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$11.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$393.00K	USD	1 Quarter
Depreciation	`Depreciation`	$2.62M	USD	1 Quarter
Depreciation	`Depreciation`	$2.52M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of debt issuance	`AmortizationOfFinancingCosts`	$94.00K	USD	1 Quarter
Amortization of debt issuance	`AmortizationOfFinancingCosts`	$32.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$140.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$196.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$37.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$18.00K	USD	1 Quarter
Provision for deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$69.00K	USD	1 Quarter
Provision for deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-552.00K	USD	1 Quarter
Loss on sale of property, plant & equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$34.00K	USD	1 Quarter
Loss on sale of property, plant & equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$37.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.62M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.09M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$12.41M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$16.41M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.29M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.49M	USD	1 Quarter
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.72M	USD	1 Quarter
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.52M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$69.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$885.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$142.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$1.46M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-23.96M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.70M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.43M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.68M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$49.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$44.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.64M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.39M	USD	1 Quarter
Net change in bank revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$24.00M	USD	1 Quarter
Net change in bank revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$45.00M	USD	1 Quarter
Principal payments on long-term debt and capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$492.00K	USD	1 Quarter
Principal payments on long-term debt and capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$892.00K	USD	1 Quarter
Proceeds from issuance debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.42M	USD	1 Quarter
Proceeds from issuance debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$710.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$712.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$89.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$39.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$18.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$37.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.50M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.29M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$613.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$989.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.57M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.86M	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$28.38M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$37.86M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.29M	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 end of the period	`CashAndCashEquivalentsAtCarryingValue`	$28.38M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$37.86M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.29M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$30.24M	USD	Point-in-time
Interest	`InterestPaidNet`	$746.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$513.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$3.88M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$2.43M	USD	1 Quarter

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$5.67M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$6.79M	USD	1 Quarter
Foreign Currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$5.29M	USD	1 Quarter
Foreign Currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.04M	USD	1 Quarter
Unrealized gains arising during the period	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$144.00K	USD	1 Quarter
Unrealized gains arising during the period	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Net gains (losses) arising during the period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$149.00K	USD	1 Quarter
Net gains (losses) arising during the period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$-1.15M	USD	1 Quarter
Other comprehensive earnings	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.29M	USD	1 Quarter
Other comprehensive earnings	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.19M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$10.97M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$9.95M	USD	1 Quarter

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