10-Q Filing

DOUGLAS DYNAMICS, INC CIK: 1287213 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-034492`
Period End Date	20120331
Filing Date	20120508
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	plow-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 38 Cash Flow Statement 55

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.02M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.13M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.02M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.13M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.53M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$34.02M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$7.62M	USD	Point-in-time
Inventories	`InventoryNet`	$24.00M	USD	Point-in-time
Inventories	`InventoryNet`	$46.74M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$4.96M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$4.95M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$3.60M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.05M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.28M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$103.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$78.41M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$21.00M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$21.34M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSalePropertyPlantAndEquipment`	$1.73M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSalePropertyPlantAndEquipment`	$1.73M	USD	Point-in-time
Goodwill	`Goodwill`	$107.22M	USD	Point-in-time
Goodwill	`Goodwill`	$107.22M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$120.45M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$121.75M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$3.40M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$3.24M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$598.00K	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$112.00K	USD	Point-in-time
Total assets	`Assets`	$332.65M	USD	Point-in-time
Total assets	`Assets`	$359.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.04M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$16.11M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$8.49M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$395.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.07M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$971.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.61M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$8.05M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$8.14M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$14.13M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$14.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$26.96M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$28.41M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$912.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$912.00K	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$111.87M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$111.72M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.07M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.55M	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,130,996 and 22,020,694 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$221.00K	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,130,996 and 22,020,694 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$220.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$131.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$130.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$30.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$39.74M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.48M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.49M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$154.93M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$163.39M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$332.65M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$359.02M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$8.56M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$23.49M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$6.74M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$14.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.07M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.82M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$4.63M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$5.93M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$1.30M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$1.30M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-4.11M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$1.84M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-2.20M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-2.05M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-78.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-115.00K	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-475.00K	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.24M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$325.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-1.97M	USD	1 Quarter
Net loss	`ProfitLoss`	$-800.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.27M	USD	1 Quarter
Less net loss attributable to participating securities	`NetIncomeLossAttributableToNoncontrollingInterest`	$-54.00K	USD	1 Quarter
Less net loss attributable to participating securities	`NetIncomeLossAttributableToNoncontrollingInterest`	$-10.00K	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.21M	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-790.00K	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.83M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.41M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.83M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.41M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Cash dividends declared and paid per share (in dollars per share)	`CommonStockDividendsPerShareDeclaredAndPaid`	$0.21	USD	1 Quarter
Cash dividends declared and paid per share (in dollars per share)	`CommonStockDividendsPerShareDeclaredAndPaid`	$0.57	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.28M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-800.00K	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-800.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.05M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$159.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$131.00K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$45.00K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$17.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$365.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$265.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$113.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$312.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.44M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.26M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-27.76M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.29M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$22.74M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$16.65M	USD	1 Quarter
Prepaid and other assets and prepaid income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.31M	USD	1 Quarter
Prepaid and other assets and prepaid income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$843.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.65M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.25M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.86M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.51M	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-120.00K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-157.00K	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-347.00K	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$532.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-10.03M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$11.77M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$437.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$267.00K	USD	1 Quarter
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$77.00K	USD	1 Quarter
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$47.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-220.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-360.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$626.00K	USD	1 Quarter
Collection of stockholders' notes receivable	`ProceedsFromStockholdersNoteReceivable`	$37.00K	USD	1 Quarter
Payments of financing costs	`PaymentsOfFinancingCosts`	$51.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$12.46M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.54M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$10.29M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$313.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-14.83M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.16M	USD	1 Quarter
Change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-615.00K	USD	1 Quarter
Change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-25.22M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.21M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.53M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$39.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.21M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.53M	USD	Point-in-time

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