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10-Q Filing

OM GROUP INC CIK: 899723 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000899723-15-000019
Period End Date 20150331
Filing Date 20150430
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance omg-20150331.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Allowance for Doubtful Accounts Receivable, Current AllowanceForDoubtfulAccountsReceivableCurrent $2.80M USD Point-in-time
Allowance for Doubtful Accounts Receivable, Current AllowanceForDoubtfulAccountsReceivableCurrent $2.50M USD Point-in-time
Preferred Stock, Par or Stated Value Per Share (in usd per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred Stock, Par or Stated Value Per Share (in usd per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred Stock, Shares Authorized (in shares) PreferredStockSharesAuthorized 2.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $118.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $91.70M USD Point-in-time
Preferred Stock, Shares Authorized (in shares) PreferredStockSharesAuthorized 2.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $109.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $53.10M USD Point-in-time
Preferred Stock, Shares Issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable, less allowance of $2.8 in 2015 and $2.5 in 2014 AccountsReceivableNetCurrent $134.50M USD Point-in-time
Preferred Stock, Shares Issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable, less allowance of $2.8 in 2015 and $2.5 in 2014 AccountsReceivableNetCurrent $152.20M USD Point-in-time
Preferred Stock, Shares Outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred Stock, Shares Outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Inventories InventoryNet $228.40M USD Point-in-time
Inventories InventoryNet $214.20M USD Point-in-time
Common Stock, Par or Stated Value Per Share (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Other current assets OtherAssetsCurrent $25.80M USD Point-in-time
Other current assets OtherAssetsCurrent $21.50M USD Point-in-time
Common Stock, Par or Stated Value Per Share (in usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total current assets AssetsCurrent $476.10M USD Point-in-time
Total current assets AssetsCurrent $445.30M USD Point-in-time
Common Stock, Shares Authorized (in shares) CommonStockSharesAuthorized 90.00M shares Point-in-time
Common Stock, Shares Authorized (in shares) CommonStockSharesAuthorized 90.00M shares Point-in-time
Common Stock, Shares, Issued (in shares) CommonStockSharesIssued 32.49M shares Point-in-time
Common Stock, Shares, Issued (in shares) CommonStockSharesIssued 32.41M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $277.30M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $308.30M USD Point-in-time
Treasury Stock, Shares (in shares) TreasuryStockShares 2.15M shares Point-in-time
Goodwill Goodwill $252.60M USD Point-in-time
Treasury Stock, Shares (in shares) TreasuryStockShares 2.14M shares Point-in-time
Goodwill Goodwill $244.50M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $324.80M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $296.70M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $48.30M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $57.70M USD Point-in-time
Total assets Assets $1.42B USD Point-in-time
Total assets Assets $1.31B USD Point-in-time
Revolving credit facility LongTermDebt $40.10M USD Point-in-time
Revolving credit facility LongTermDebt $12.50M USD Point-in-time
Accounts payable AccountsPayableCurrent $78.30M USD Point-in-time
Accounts payable AccountsPayableCurrent $74.70M USD Point-in-time
Accrued employee costs EmployeeRelatedLiabilitiesCurrent $34.90M USD Point-in-time
Accrued employee costs EmployeeRelatedLiabilitiesCurrent $34.90M USD Point-in-time
Purchase price of VAC payable to seller PurchasePricePayableToSellerCurrent $46.20M USD Point-in-time
Purchase price of VAC payable to seller PurchasePricePayableToSellerCurrent $4.10M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $50.90M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $57.40M USD Point-in-time
Total current liabilities LiabilitiesCurrent $225.70M USD Point-in-time
Total current liabilities LiabilitiesCurrent $208.30M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $74.80M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $67.50M USD Point-in-time
Pension liabilities DefinedBenefitPensionPlanLiabilitiesNoncurrent $244.40M USD Point-in-time
Pension liabilities DefinedBenefitPensionPlanLiabilitiesNoncurrent $223.30M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $34.20M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $37.70M USD Point-in-time
Preferred stock, $.01 par value: Authorized 2,000,000 shares, no shares issued or outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $.01 par value: Authorized 2,000,000 shares, no shares issued or outstanding PreferredStockValue - USD Point-in-time
Common stock, $.01 par value: Authorized 90,000,000 shares; 32,492,755 shares issued in 2015 and 32,408,222 shares issued in 2014 CommonStockValue $300.00K USD Point-in-time
Common stock, $.01 par value: Authorized 90,000,000 shares; 32,492,755 shares issued in 2015 and 32,408,222 shares issued in 2014 CommonStockValue $300.00K USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $647.30M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $650.60M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $391.80M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $405.30M USD Point-in-time
Treasury stock (2,151,981 shares in 2015 and 2,136,116 shares in 2014, at cost) TreasuryStockValue $58.20M USD Point-in-time
Treasury stock (2,151,981 shares in 2015 and 2,136,116 shares in 2014, at cost) TreasuryStockValue $58.70M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-157.80M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-205.20M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $778.80M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $836.90M USD Point-in-time
Total liabilities and and stockholders' equity LiabilitiesAndStockholdersEquity $1.31B USD Point-in-time
Total liabilities and and stockholders' equity LiabilitiesAndStockholdersEquity $1.42B USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueGoodsNet $261.70M USD 1 Quarter
Net sales SalesRevenueGoodsNet $247.80M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $197.50M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $199.80M USD 1 Quarter
Gross profit GrossProfit $61.90M USD 1 Quarter
Gross profit GrossProfit $50.30M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $54.80M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $53.40M USD 1 Quarter
Operating profit (loss) OperatingIncomeLoss $8.50M USD 1 Quarter
Operating profit (loss) OperatingIncomeLoss $-4.50M USD 1 Quarter
Interest expense InterestExpense $600.00K USD 1 Quarter
Interest expense InterestExpense $700.00K USD 1 Quarter
Foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-4.40M USD 1 Quarter
Foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-300.00K USD 1 Quarter
Gain (loss) on divestiture of Advanced Materials business DisposalGroupNotDiscontinuedOperationGainLossOnDisposal $2.00M USD 1 Quarter
Gain (loss) on divestiture of Advanced Materials business DisposalGroupNotDiscontinuedOperationGainLossOnDisposal $-200.00K USD 1 Quarter
Charges associated with VAC arbitration conclusion ChargesassociatedwithVACarbitrationconclusion $-10.40M USD 1 Quarter
Charges associated with VAC arbitration conclusion ChargesassociatedwithVACarbitrationconclusion - USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $2.90M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-600.00K USD 1 Quarter
Income (loss) from continuing operations before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $6.70M USD 1 Quarter
Income (loss) from continuing operations before income tax expense IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-15.00M USD 1 Quarter
Income tax (benefit) expense IncomeTaxExpenseBenefit $-3.90M USD 1 Quarter
Income tax (benefit) expense IncomeTaxExpenseBenefit $1.40M USD 1 Quarter
Income (loss) from continuing operations, net of tax IncomeLossFromContinuingOperations $-11.10M USD 1 Quarter
Income (loss) from continuing operations, net of tax IncomeLossFromContinuingOperations $5.30M USD 1 Quarter
Income (loss) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $-100.00K USD 1 Quarter
Income (loss) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $100.00K USD 1 Quarter
Consolidated net income (loss) ProfitLoss $5.20M USD 1 Quarter
Consolidated net income (loss) ProfitLoss $-11.00M USD 1 Quarter
Income (loss) from continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.17 USD 1 Quarter
Income (loss) from continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $-0.37 USD 1 Quarter
Income (loss) from discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
Income (loss) from discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.01 USD 1 Quarter
Net income (loss) (in dollars per share) EarningsPerShareBasic $0.17 USD 1 Quarter
Net income (loss) (in dollars per share) EarningsPerShareBasic $-0.36 USD 1 Quarter
Income (loss) from continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.16 USD 1 Quarter
Income (loss) from continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $-0.37 USD 1 Quarter
Income (loss) from discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
Income (loss) from discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.01 USD 1 Quarter
Net income (loss) (in dollars per share) EarningsPerShareDiluted $-0.36 USD 1 Quarter
Net income (loss) (in dollars per share) EarningsPerShareDiluted $0.16 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 31.50M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 30.30M shares 1 Quarter
Assuming dilution (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 31.90M shares 1 Quarter
Assuming dilution (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 30.30M shares 1 Quarter
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.08 USD 1 Quarter
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.07 USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Consolidated net income (loss) ProfitLoss $5.20M USD 1 Quarter
Consolidated net income (loss) ProfitLoss $-11.00M USD 1 Quarter
(Gain) loss from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTax $-100.00K USD 1 Quarter
(Gain) loss from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTax $100.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $14.90M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $18.10M USD 1 Quarter
Amortization of deferred financing fees AmortizationOfFinancingCosts $300.00K USD 1 Quarter
Amortization of deferred financing fees AmortizationOfFinancingCosts $300.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $3.20M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $2.60M USD 1 Quarter
Foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-4.40M USD 1 Quarter
Foreign exchange loss ForeignCurrencyTransactionGainLossBeforeTax $-300.00K USD 1 Quarter
(Gain) loss on divestiture of Advanced Materials business DisposalGroupNotDiscontinuedOperationGainLossOnDisposal $2.00M USD 1 Quarter
(Gain) loss on divestiture of Advanced Materials business DisposalGroupNotDiscontinuedOperationGainLossOnDisposal $-200.00K USD 1 Quarter
Deferred income tax benefit DeferredIncomeTaxExpenseBenefit $-700.00K USD 1 Quarter
Deferred income tax benefit DeferredIncomeTaxExpenseBenefit $-1.00M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-1.00M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $1.20M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $27.50M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $800.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $4.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.90M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-20.80M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $9.20M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $4.00M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $800.00K USD 1 Quarter
Net cash used for operating activities NetCashProvidedByUsedInOperatingActivities $-15.20M USD 1 Quarter
Net cash used for operating activities NetCashProvidedByUsedInOperatingActivities $-2.80M USD 1 Quarter
Expenditures for property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.20M USD 1 Quarter
Expenditures for property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.60M USD 1 Quarter
Cash received from acquisition purchase price adjustments ReductionofPurchasePricePayabletoSeller $1.50M USD 1 Quarter
Cash received from acquisition purchase price adjustments ReductionofPurchasePricePayabletoSeller - USD 1 Quarter
Proceeds from sale of property ProceedsFromSaleOfLandHeldForUse $1.20M USD 1 Quarter
Proceeds from sale of property ProceedsFromSaleOfLandHeldForUse - USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-1.90M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-3.20M USD 1 Quarter
Payments related to VAC purchase price payable PaymentsforPurchasePricePayabletoSeller - USD 1 Quarter
Payments related to VAC purchase price payable PaymentsforPurchasePricePayabletoSeller $41.80M USD 1 Quarter
Net proceeds from revolving credit facility ProceedsFromRepaymentsOfDebt - USD 1 Quarter
Net proceeds from revolving credit facility ProceedsFromRepaymentsOfDebt $27.60M USD 1 Quarter
Dividends paid PaymentsOfDividends $2.50M USD 1 Quarter
Dividends paid PaymentsOfDividends $2.40M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $100.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $500.00K USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $100.00K USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $100.00K USD 1 Quarter
Payment related to surrendered shares PaymentsRelatedtoSurrenderedShares $700.00K USD 1 Quarter
Payment related to surrendered shares PaymentsRelatedtoSurrenderedShares $500.00K USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-17.20M USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-2.70M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-100.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-4.20M USD 1 Quarter
Decrease from continuing operations CashAndCashEquivalentsPeriodIncreaseDecrease $-8.80M USD 1 Quarter
Decrease from continuing operations CashAndCashEquivalentsPeriodIncreaseDecrease $-38.50M USD 1 Quarter
Discontinued operations - net cash used by operating activities CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations - USD 1 Quarter
Discontinued operations - net cash used by operating activities CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $-100.00K USD 1 Quarter
Balance at the beginning of the period CashAndCashEquivalentsAtCarryingValue $118.40M USD Point-in-time
Balance at the beginning of the period CashAndCashEquivalentsAtCarryingValue $91.70M USD Point-in-time
Balance at the beginning of the period CashAndCashEquivalentsAtCarryingValue $109.60M USD Point-in-time
Balance at the beginning of the period CashAndCashEquivalentsAtCarryingValue $53.10M USD Point-in-time
Balance at the end of the period CashAndCashEquivalentsAtCarryingValue $118.40M USD Point-in-time
Balance at the end of the period CashAndCashEquivalentsAtCarryingValue $91.70M USD Point-in-time
Balance at the end of the period CashAndCashEquivalentsAtCarryingValue $109.60M USD Point-in-time
Balance at the end of the period CashAndCashEquivalentsAtCarryingValue $53.10M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Consolidated net income (loss) ProfitLoss $5.20M USD 1 Quarter
Consolidated net income (loss) ProfitLoss $-11.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-2.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-44.50M USD 1 Quarter
Reclassification of foreign currency translation adjustment related to the sale of property into earnings OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentReclassificationAdjustmenttoDiscontinuedOperations $-3.50M USD 1 Quarter
Reclassification of foreign currency translation adjustment related to the sale of property into earnings OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentReclassificationAdjustmenttoDiscontinuedOperations - USD 1 Quarter
Reclassification of hedging activities into earnings, net of tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-100.00K USD 1 Quarter
Reclassification of hedging activities into earnings, net of tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax - USD 1 Quarter
Unrealized gain (loss) on cash flow hedges, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-200.00K USD 1 Quarter
Unrealized gain (loss) on cash flow hedges, net of tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $100.00K USD 1 Quarter
Pension adjustment, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-800.00K USD 1 Quarter
Pension adjustment, net of tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-100.00K USD 1 Quarter
Net change in accumulated other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-47.40M USD 1 Quarter
Net change in accumulated other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-1.70M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $3.50M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-58.40M USD 1 Quarter

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

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