10-Q Filing

DOUGLAS DYNAMICS, INC CIK: 1287213 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001104659-13-038250`
Period End Date	20130331
Filing Date	20130507
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	plow-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 41 Cash Flow Statement 51

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`	22.13M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.23M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.23M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.13M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.21M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$39.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.14M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$11.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$25.43M	USD	Point-in-time
Inventories	`InventoryNet`	$30.29M	USD	Point-in-time
Inventories	`InventoryNet`	$45.10M	USD	Point-in-time
Refundable income taxes paid	`IncomeTaxesReceivable`	$8.22M	USD	Point-in-time
Refundable income taxes paid	`IncomeTaxesReceivable`	$4.87M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$3.69M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$3.71M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.38M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.15M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$89.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$80.76M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$19.89M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$20.01M	USD	Point-in-time
Assets held for sale	`AssetsHeldForSalePropertyPlantAndEquipment`	$1.08M	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`	$115.25M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$116.55M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.65M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.79M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$606.00K	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$1.15M	USD	Point-in-time
Total assets	`Assets`	$328.13M	USD	Point-in-time
Total assets	`Assets`	$338.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.52M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$10.33M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$8.69M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$971.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$971.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.18M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$6.42M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$6.54M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$14.40M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$14.68M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$35.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$33.80M	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$658.00K	USD	Point-in-time
Deferred compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$756.00K	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$110.75M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$111.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.47M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$1.92M	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,225,050 and 22,130,996 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$222.00K	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,225,050 and 22,130,996 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$221.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$133.07M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$133.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$27.52M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.47M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.04M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$146.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$153.73M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$328.13M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$338.37M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$14.14M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$8.56M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$9.81M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$6.74M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.33M	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`	$5.91M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$1.30M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$1.30M	USD	1 Quarter
Impairment of assets held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$647.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.11M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.53M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.98M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-2.05M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-31.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-78.00K	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.24M	USD	1 Quarter
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.54M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-1.97M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-2.14M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.27M	USD	1 Quarter
Net loss	`ProfitLoss`	$-3.40M	USD	1 Quarter
Less net loss attributable to participating securities	`ParticipatingSecuritiesDistributedAndUndistributedEarnings`	$-54.00K	USD	1 Quarter
Less net loss attributable to participating securities	`ParticipatingSecuritiesDistributedAndUndistributedEarnings`	$-43.00K	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.21M	USD	1 Quarter
Net loss attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.36M	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.97B	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.83B	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.97B	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.83B	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.15	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.19	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.15	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.21	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.21	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.21	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.21	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.28M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.37M	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.27M	USD	1 Quarter
Net loss	`ProfitLoss`	$-3.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.00M	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$204.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$189.00K	USD	1 Quarter
Loss recognized on impairment of assets held for sale	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$647.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$935.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$365.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$113.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$113.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$1.22M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$1.44M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.29M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.01M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$22.74M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.81M	USD	1 Quarter
Prepaid and other assets and prepaid income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.13M	USD	1 Quarter
Prepaid and other assets and prepaid income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.31M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.65M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.85M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.58M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-7.86M	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-157.00K	USD	1 Quarter
Deferred compensation	`IncreaseDecreaseInDeferredCompensation`	$-157.00K	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$532.00K	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$647.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-10.03M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.15M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$843.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$437.00K	USD	1 Quarter
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$77.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-360.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-843.00K	USD	1 Quarter
Shares withheld on restricted stock vesting paid for employees' taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$137.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.65M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.54M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$288.00K	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$10.29M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.07M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-14.83M	USD	1 Quarter
Change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-13.06M	USD	1 Quarter
Change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-25.22M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.21M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$39.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.14M	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`	$11.07M	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`	$24.14M	USD	Point-in-time

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