10-Q Filing

ALAMO GROUP INC CIK: 897077 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000897077-13-000023`
Period End Date	20130331
Filing Date	20130503
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	alg-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 32 Cash Flow Statement 66 Comprehensive Income 10

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`	$33.49M	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`	$48.29M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$169.68M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$140.27M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.06M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.06M	shares	Point-in-time
Inventories	`InventoryNet`	$118.22M	USD	Point-in-time
Inventories	`InventoryNet`	$108.76M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.03M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42,600.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.74M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42,600.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.82M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.66M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$330.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$306.80M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$146.45M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$147.24M	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$90.52M	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$89.65M	USD	Point-in-time
Property, Plant And Equipment, Net	`PropertyPlantAndEquipmentNet`	$56.80M	USD	Point-in-time
Property, Plant And Equipment, Net	`PropertyPlantAndEquipmentNet`	$56.72M	USD	Point-in-time
Goodwill	`Goodwill`	$31.65M	USD	Point-in-time
Goodwill	`Goodwill`	$32.37M	USD	Point-in-time
Goodwill	`Goodwill`	$30.87M	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`	$2.59M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$2.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$997.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$972.00K	USD	Point-in-time
Total assets	`Assets`	$451.79M	USD	Point-in-time
Total assets	`Assets`	$404.34M	USD	Point-in-time
Total assets	`Assets`	$427.24M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$55.55M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$41.64M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.04M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.94M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$31.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$30.94M	USD	Point-in-time
Current maturities of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$588.00K	USD	Point-in-time
Current maturities of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$571.00K	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesCurrent`	$253.00K	USD	Point-in-time
Deferred income tax	`DeferredTaxLiabilitiesCurrent`	$246.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$90.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$78.13M	USD	Point-in-time
Long-term debt and capital lease obligations, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$118.00K	USD	Point-in-time
Long-term debt and capital lease obligations, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$10.05M	USD	Point-in-time
Deferred pension liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$9.45M	USD	Point-in-time
Deferred pension liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$9.87M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.65M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.69M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.26M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.29M	USD	Point-in-time
Common stock, $.10 par value, 20,000,000 shares authorized; 12,061,254 and 12,028,354 issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$1.21M	USD	Point-in-time
Common stock, $.10 par value, 20,000,000 shares authorized; 12,061,254 and 12,028,354 issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$1.20M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$88.66M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$89.41M	USD	Point-in-time
Treasury stock, at cost; 42,600 shares at March 31, 2013 and December 31, 2012	`TreasuryStockValue`	$426.00K	USD	Point-in-time
Treasury stock, at cost; 42,600 shares at March 31, 2013 and December 31, 2012	`TreasuryStockValue`	$426.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$222.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$228.59M	USD	Point-in-time
Accumulated other comprehensive income, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.24M	USD	Point-in-time
Accumulated other comprehensive income, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.63M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$311.55M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$310.29M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$427.24M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$404.34M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$158.43M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$155.91M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$123.52M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$120.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$34.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$35.24M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$25.17M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$24.25M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.99M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.74M	USD	1 Quarter
Interest expense	`InterestExpense`	$443.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$242.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$44.00K	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`	$289.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.83M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.03M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.25M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.88M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$6.95M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$6.79M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.57	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.01M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.87M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.16M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.03M	shares	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.95M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.79M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-86.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$11.00K	USD	1 Quarter
Depreciation	`Depreciation`	$2.52M	USD	1 Quarter
Depreciation	`Depreciation`	$2.15M	USD	1 Quarter
Amortization of debt issuance	`AmortizationOfFinancingCosts`	$32.00K	USD	1 Quarter
Amortization of debt issuance	`AmortizationOfFinancingCosts`	$32.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$192.00K	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`	$20.00K	USD	1 Quarter
Provision for deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$93.00K	USD	1 Quarter
Provision for deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$69.00K	USD	1 Quarter
Loss on sale of property, plant & equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$128.00K	USD	1 Quarter
Loss on sale of property, plant & equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$37.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$31.38M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$25.09M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$11.12M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$12.41M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$313.00K	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`	$14.63M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$885.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-983.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$142.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-318.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.70M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.29M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.68M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.12M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$277.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$49.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.84M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.64M	USD	1 Quarter
Net change in bank revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$45.00M	USD	1 Quarter
Net change in bank revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$10.00M	USD	1 Quarter
Principal payments on long-term debt and capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$73.00K	USD	1 Quarter
Principal payments on long-term debt and capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$492.00K	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$2.42M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$712.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$840.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$565.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$39.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$37.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$20.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$46.29M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.67M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.34M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$613.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$27.57M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.80M	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.49M	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`	$48.29M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.49M	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`	$48.29M	USD	Point-in-time
Interest	`InterestPaidNet`	$513.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$186.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$2.43M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$3.85M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$6.95M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$6.79M	USD	1 Quarter
Foreign Currency Translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.06M	USD	1 Quarter
Foreign Currency Translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-5.79M	USD	1 Quarter
Net gains (losses) arising during the period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$189.00K	USD	1 Quarter
Net gains (losses) arising during the period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$149.00K	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.60M	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.21M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$10.99M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.35M	USD	1 Quarter

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