10-Q Filing

ALLIENT INC CIK: 46129 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001104659-12-055742`
Period End Date	20120630
Filing Date	20120808
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	amot-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 84 Cash Flow Statement 44

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$185.00K	USD	Point-in-time
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$284.00K	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`	8.65M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.65M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	8.47M	shares	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.15M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.72M	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $185 and $284 at June 30, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$12.46M	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $185 and $284 at June 30, 2012 and December 31, 2011, respectively	`AccountsReceivableNetCurrent`	$11.69M	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$15.06M	USD	Point-in-time
Inventories, net	`InventoryNet`	$14.43M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.25M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.13M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.88M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.97M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$38.35M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$38.41M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$8.16M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$7.35M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$4.33M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$4.18M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.94M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.52M	USD	Point-in-time
Goodwill	`Goodwill`	$5.50M	USD	Point-in-time
Goodwill	`Goodwill`	$5.67M	USD	Point-in-time
Total Assets	`Assets`	$58.71M	USD	Point-in-time
Total Assets	`Assets`	$58.69M	USD	Point-in-time
Debt obligations	`DebtCurrent`	$159.00K	USD	Point-in-time
Debt obligations	`DebtCurrent`	$157.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$6.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$4.96M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.27M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$305.00K	USD	Point-in-time
Contingent consideration	`OtherLiabilitiesCurrent`	$1.31M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$13.12M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$16.14M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$878.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$973.00K	USD	Point-in-time
Deferred compensation arrangements	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.15M	USD	Point-in-time
Deferred compensation arrangements	`DeferredCompensationLiabilityClassifiedNoncurrent`	$1.74M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$3.48M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$3.52M	USD	Point-in-time
Total Liabilities	`Liabilities`	$19.63M	USD	Point-in-time
Total Liabilities	`Liabilities`	$22.36M	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; 8,647 and 8,466 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$22.21M	USD	Point-in-time
Common stock, no par value, authorized 50,000 shares; 8,647 and 8,466 shares issued and outstanding at June 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$21.57M	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`	$15.97M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$18.53M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.66M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.22M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$36.32M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$39.08M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$58.71M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$58.69M	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueGoodsNet`	$53.68M	USD	2 Qtrs
Revenues	`SalesRevenueGoodsNet`	$55.59M	USD	2 Qtrs
Revenues	`SalesRevenueGoodsNet`	$26.84M	USD	1 Quarter
Revenues	`SalesRevenueGoodsNet`	$28.86M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$20.06M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$37.90M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$18.68M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$38.84M	USD	2 Qtrs
Gross margin	`GrossProfit`	$8.15M	USD	1 Quarter
Gross margin	`GrossProfit`	$8.80M	USD	1 Quarter
Gross margin	`GrossProfit`	$16.75M	USD	2 Qtrs
Gross margin	`GrossProfit`	$15.79M	USD	2 Qtrs
Selling	`SellingAndMarketingExpense`	$1.49M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$2.65M	USD	2 Qtrs
Selling	`SellingAndMarketingExpense`	$1.29M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$2.95M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.83M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.39M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.88M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.36M	USD	2 Qtrs
Engineering and development	`EngineeringAndDevelopmentExpense`	$1.55M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$1.56M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$3.12M	USD	2 Qtrs
Engineering and development	`EngineeringAndDevelopmentExpense`	$3.08M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$166.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$340.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$367.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$187.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.90M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$11.94M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$6.62M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$12.76M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$3.85M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$3.99M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$2.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.25M	USD	1 Quarter
Interest expense	`InterestExpense`	$47.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$23.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.00K	USD	1 Quarter
Other (income), net	`OtherNonoperatingIncomeExpense`	$22.00K	USD	2 Qtrs
Other (income), net	`OtherNonoperatingIncomeExpense`	$296.00K	USD	2 Qtrs
Other (income), net	`OtherNonoperatingIncomeExpense`	$279.00K	USD	1 Quarter
Other (income), net	`OtherNonoperatingIncomeExpense`	$21.00K	USD	1 Quarter
Total other (income) expense, net	`NonoperatingIncomeExpense`	$276.00K	USD	1 Quarter
Total other (income) expense, net	`NonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Total other (income) expense, net	`NonoperatingIncomeExpense`	$-25.00K	USD	2 Qtrs
Total other (income) expense, net	`NonoperatingIncomeExpense`	$286.00K	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.18M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.13M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.52M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.96M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.27M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$707.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$697.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.16M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.98M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.69M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.82M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.48M	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.32	USD	2 Qtrs
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.35	USD	2 Qtrs
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.68M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.37M	shares	2 Qtrs
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.48M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.62M	shares	2 Qtrs
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	2 Qtrs
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.35	USD	2 Qtrs
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.21	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.54M	shares	2 Qtrs
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.68M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.52M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.62M	shares	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$153.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$881.00K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-955.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-440.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.58M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$862.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.63M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.54M	USD	2 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.98M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.69M	USD	2 Qtrs
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.82M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.09M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$980.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-520.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-625.00K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$1.44M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$872.00K	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$1.11M	USD	2 Qtrs
Inventories, net	`IncreaseDecreaseInInventories`	$856.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.10M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$720.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$774.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.20M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$166.00K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.37M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.98M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$576.00K	USD	2 Qtrs
Consideration paid for acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$332.00K	USD	2 Qtrs
Consideration paid for acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.35M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$993.00K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.53M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.32M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.88M	USD	2 Qtrs
Repayments on lines-of-credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-561.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$418.00K	USD	2 Qtrs
Stock transactions under employee benefit stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$131.00K	USD	2 Qtrs
Stock transactions under employee benefit stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$347.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-430.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-71.00K	USD	2 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$84.00K	USD	2 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-55.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-2.43M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$307.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.15M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.86M	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`	$6.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.15M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.86M	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`	$6.72M	USD	Point-in-time

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