10-Q Filing

ALLIENT INC CIK: 46129 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001104659-11-062873`
Period End Date	20110930
Filing Date	20111110
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	amot-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 76 Cash Flow Statement 47

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$226.00K	USD	Point-in-time
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$295.00K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.47M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	8.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.47M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.47M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.07M	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $295 and $226 at September 30, 2011 and December 31, 2010, respectively	`AccountsReceivableNetCurrent`	$14.24M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $295 and $226 at September 30, 2011 and December 31, 2010, respectively	`AccountsReceivableNetCurrent`	$11.75M	USD	Point-in-time
Inventories, net	`InventoryNet`	$14.06M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$11.79M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$402.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$499.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.42M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.18M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$35.93M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$28.91M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$6.92M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$7.24M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$5.01M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$5.53M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.70M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.25M	USD	Point-in-time
Goodwill	`Goodwill`	$6.09M	USD	Point-in-time
Goodwill	`Goodwill`	$5.94M	USD	Point-in-time
Total Assets	`Assets`	$51.01M	USD	Point-in-time
Total Assets	`Assets`	$57.53M	USD	Point-in-time
Debt obligations	`DebtCurrent`	$795.00K	USD	Point-in-time
Debt obligations	`DebtCurrent`	$428.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.51M	USD	Point-in-time
Contingent consideration	`BusinessAcquisitionContingentConsiderationAtFairValueCurrent`	$314.00K	USD	Point-in-time
Contingent consideration	`BusinessAcquisitionContingentConsiderationAtFairValueCurrent`	$2.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$6.98M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$7.72M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$562.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.38M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$15.15M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$19.40M	USD	Point-in-time
Contingent consideration	`BusinessAcquisitionContingentConsiderationAtFairValueNoncurrent`	$2.39M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.07M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$973.00K	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$2.31M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$2.45M	USD	Point-in-time
Total Liabilities	`Liabilities`	$21.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$22.68M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, no par value, authorized 50,000 shares; 8,470 and 8,110 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$21.25M	USD	Point-in-time
Common stock, no par value, authorized 50,000 shares; 8,470 and 8,110 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively	`CommonStockValue`	$20.47M	USD	Point-in-time
Preferred stock, par value $1.00 per share, authorized 5,000 shares; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $1.00 per share, authorized 5,000 shares; no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.34M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$174.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$129.00K	USD	Point-in-time
Total Stockholders' Investment	`StockholdersEquity`	$29.94M	USD	Point-in-time
Total Stockholders' Investment	`StockholdersEquity`	$34.85M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$57.53M	USD	Point-in-time
Total Liabilities and Stockholders' Investment	`LiabilitiesAndStockholdersEquity`	$51.01M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueGoodsNet`	$22.03M	USD	1 Quarter
Revenues	`SalesRevenueGoodsNet`	$59.45M	USD	3 Qtrs
Revenues	`SalesRevenueGoodsNet`	$82.92M	USD	3 Qtrs
Revenues	`SalesRevenueGoodsNet`	$27.33M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$42.94M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$15.47M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$57.95M	USD	3 Qtrs
Cost of products sold	`CostOfGoodsSold`	$19.12M	USD	1 Quarter
Gross margin	`GrossProfit`	$24.96M	USD	3 Qtrs
Gross margin	`GrossProfit`	$6.56M	USD	1 Quarter
Gross margin	`GrossProfit`	$8.21M	USD	1 Quarter
Gross margin	`GrossProfit`	$16.51M	USD	3 Qtrs
Selling	`SellingAndMarketingExpense`	$4.27M	USD	3 Qtrs
Selling	`SellingAndMarketingExpense`	$1.32M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$991.00K	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$2.94M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.03M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.03M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.61M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.39M	USD	3 Qtrs
Engineering and development	`EngineeringAndDevelopmentExpense`	$1.07M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$1.42M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$3.01M	USD	3 Qtrs
Engineering and development	`EngineeringAndDevelopmentExpense`	$4.50M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$552.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$185.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$446.00K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$121.00K	USD	1 Quarter
Insurance recoveries	`InsuranceRecoveries`	$685.00K	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$4.79M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$12.74M	USD	3 Qtrs
Total operating costs and expenses	`OperatingExpenses`	$5.95M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$18.71M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$2.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$3.76M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$1.76M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.25M	USD	3 Qtrs
Interest expense	`InterestExpense`	$68.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$21.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$37.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$177.00K	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-78.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-56.00K	USD	3 Qtrs
Total other expense (income), net	`NonoperatingIncomeExpense`	$-99.00K	USD	1 Quarter
Total other expense (income), net	`NonoperatingIncomeExpense`	$174.00K	USD	3 Qtrs
Total other expense (income), net	`NonoperatingIncomeExpense`	$37.00K	USD	1 Quarter
Total other expense (income), net	`NonoperatingIncomeExpense`	$-124.00K	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.16M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.80M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.12M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.94M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.33M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$605.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.87M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$673.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.13M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.60M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.25M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.56M	USD	1 Quarter
Net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	3 Qtrs
Net income per share (in dollars per share)	`EarningsPerShareBasic`	$0.51	USD	3 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.50M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.95M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.86M	shares	3 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.41M	shares	3 Qtrs
Net income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	3 Qtrs
Net income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Net income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Net income per share (in dollars per share)	`EarningsPerShareDiluted`	$0.50	USD	3 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.91M	shares	3 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.56M	shares	3 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.99M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.51M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.13M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.60M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.25M	USD	3 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.63M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.40M	USD	3 Qtrs
Restricted Stock Compensation Expense	`RestrictedStockExpense`	$514.00K	USD	3 Qtrs
Restricted Stock Compensation Expense	`RestrictedStockExpense`	$444.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-318.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-522.00K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$3.42M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$2.49M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$1.92M	USD	3 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$2.14M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$759.00K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$148.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.64M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$782.00K	USD	3 Qtrs
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilities`	$1.85M	USD	3 Qtrs
Accrued liabilities and other	`IncreaseDecreaseInAccruedLiabilities`	$1.46M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.97M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.58M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$855.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.34M	USD	3 Qtrs
Contingent consideration paid for acquisition	`OtherPaymentsToAcquireBusinesses`	$332.00K	USD	3 Qtrs
Cash paid for acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$76.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-931.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.67M	USD	3 Qtrs
(Repayments) borrowings on lines-of-credit, net	`ProceedsFromRepaymentsOfDebt`	$-401.00K	USD	3 Qtrs
(Repayments) borrowings on lines-of-credit, net	`ProceedsFromRepaymentsOfDebt`	$-600.00K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$163.00K	USD	3 Qtrs
Stock transactions under employee benefit stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$268.00K	USD	3 Qtrs
Stock transactions under employee benefit stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$163.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-332.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-401.00K	USD	3 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-108.00K	USD	3 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-113.00K	USD	3 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$1.40M	USD	3 Qtrs
Net increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$2.60M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.07M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.07M	USD	Point-in-time

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