10-Q Filing

ALAMO GROUP INC CIK: 897077 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000897077-14-000033`
Period End Date	20140331
Filing Date	20140508
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	alg-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 32 Cash Flow Statement 68 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`	$63.96M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.29M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.25M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$183.36M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$151.40M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.13M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	12.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	12.11M	shares	Point-in-time
Inventories	`InventoryNet`	$109.10M	USD	Point-in-time
Inventories	`InventoryNet`	$123.93M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42,600.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.88M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	42,600.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.74M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.16M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$5.13M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.62M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$364.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$336.95M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$158.38M	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$160.93M	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$96.47M	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$99.37M	USD	Point-in-time
Property, Plant And Equipment, Net	`PropertyPlantAndEquipmentNet`	$61.55M	USD	Point-in-time
Property, Plant And Equipment, Net	`PropertyPlantAndEquipmentNet`	$61.90M	USD	Point-in-time
Goodwill	`Goodwill`	$32.07M	USD	Point-in-time
Goodwill	`Goodwill`	$30.87M	USD	Point-in-time
Goodwill	`Goodwill`	$31.98M	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`	$461.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$457.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.74M	USD	Point-in-time
Total assets	`Assets`	$427.24M	USD	Point-in-time
Total assets	`Assets`	$465.44M	USD	Point-in-time
Total assets	`Assets`	$438.48M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$66.33M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$45.59M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.13M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.95M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$32.47M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$33.48M	USD	Point-in-time
Current maturities of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.14M	USD	Point-in-time
Current maturities of long-term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$420.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$80.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$101.89M	USD	Point-in-time
Long-term debt and capital lease obligations, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	$8.00K	USD	Point-in-time
Long-term debt and capital lease obligations, net of current maturities	`LongTermDebtAndCapitalLeaseObligations`	-	USD	Point-in-time
Deferred pension liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$2.14M	USD	Point-in-time
Deferred pension liability	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$2.54M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.49M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.54M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.30M	USD	Point-in-time
Common stock, $.10 par value, 20,000,000 shares authorized; 12,125,009 and 12,113,109 issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$1.21M	USD	Point-in-time
Common stock, $.10 par value, 20,000,000 shares authorized; 12,125,009 and 12,113,109 issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$1.21M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$91.99M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$91.44M	USD	Point-in-time
Treasury stock, at cost; 42,600 shares at March 31, 2014 and December 31, 2013	`TreasuryStockValue`	$426.00K	USD	Point-in-time
Treasury stock, at cost; 42,600 shares at March 31, 2014 and December 31, 2013	`TreasuryStockValue`	$426.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$255.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$261.60M	USD	Point-in-time
Accumulated other comprehensive income, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.20M	USD	Point-in-time
Accumulated other comprehensive income, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.04M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$356.57M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$350.46M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$465.44M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$438.48M	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`	$171.25M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$123.52M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$133.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$38.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$34.91M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$25.17M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$27.50M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$10.63M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$9.74M	USD	1 Quarter
Interest expense	`InterestExpense`	$239.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$242.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$44.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$61.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$289.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$474.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.83M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.93M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.88M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$7.24M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$6.95M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.60	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.58	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.08M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.01M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.16M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.27M	shares	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$7.24M	USD	1 Quarter
Net income	`NetIncomeLoss`	$6.95M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-27.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-86.00K	USD	1 Quarter
Depreciation	`Depreciation`	$2.31M	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`	$301.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$20.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$74.00K	USD	1 Quarter
Provision for deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-131.00K	USD	1 Quarter
Provision for deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$93.00K	USD	1 Quarter
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$128.00K	USD	1 Quarter
Loss on sale of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$22.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$31.38M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$32.19M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.85M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$11.12M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.31M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$313.00K	USD	1 Quarter
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.63M	USD	1 Quarter
Trade accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$19.77M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$832.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-983.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-318.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-268.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.29M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.39M	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`	$2.22M	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`	$48.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.84M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.17M	USD	1 Quarter
Net change in bank revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$10.00M	USD	1 Quarter
Net change in bank revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Principal payments on long-term debt and capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$76.00K	USD	1 Quarter
Principal payments on long-term debt and capital leases	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$73.00K	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$762.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$840.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$846.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$565.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$250.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$74.00K	USD	1 Quarter
Excess tax benefits from stock-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$20.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$164.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.67M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-313.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.34M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.71M	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`	$63.96M	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 beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.49M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$42.25M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$63.96M	USD	Point-in-time
Cash and cash equivalents at end 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`	$42.25M	USD	Point-in-time
Interest	`InterestPaidNet`	$186.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$256.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$3.54M	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`	$7.24M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$6.95M	USD	1 Quarter
Foreign Currency Translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-926.00K	USD	1 Quarter
Foreign Currency Translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-5.79M	USD	1 Quarter
Net gains (losses) arising during the period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$84.00K	USD	1 Quarter
Net gains (losses) arising during the period	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$189.00K	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-842.00K	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.60M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$6.40M	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.