10-Q Filing

ALLIENT INC CIK: 46129 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001104659-14-039350`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	amot-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 43 Cash Flow Statement 47

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$860.00K	USD	Point-in-time
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$802.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.42M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.73M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.09M	shares	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $860 and $802 at March 31, 2014 and December 31, 2013, respectively	`AccountsReceivableNetCurrent`	$27.12M	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $860 and $802 at March 31, 2014 and December 31, 2013, respectively	`AccountsReceivableNetCurrent`	$33.27M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.24M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.09M	shares	Point-in-time
Inventories, net	`InventoryNet`	$24.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.24M	shares	Point-in-time
Inventories, net	`InventoryNet`	$24.43M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.44M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.96M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.60M	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
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.84M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$72.55M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$67.29M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$37.87M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$40.11M	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	`DeferredTaxAssetsNetNoncurrent`	$3.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.25M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$34.54M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$35.22M	USD	Point-in-time
Goodwill	`Goodwill`	$20.23M	USD	Point-in-time
Goodwill	`Goodwill`	$19.43M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$4.88M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$4.15M	USD	Point-in-time
Total Assets	`Assets`	$171.79M	USD	Point-in-time
Total Assets	`Assets`	$170.98M	USD	Point-in-time
Debt obligations	`DebtCurrent`	$14.55M	USD	Point-in-time
Debt obligations	`DebtCurrent`	$14.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.91M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$9.62M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$9.90M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.73M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.15M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$42.25M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$43.22M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$72.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$73.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.33M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.72M	USD	Point-in-time
Deferred compensation arrangements	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.60M	USD	Point-in-time
Deferred compensation arrangements	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.06M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$2.30M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$2.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$121.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$122.97M	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; 9,241 and 9,091 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$24.46M	USD	Point-in-time
Common stock, no par value, authorized 50,000 shares; 9,241 and 9,091 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	`CommonStockValue`	$23.77M	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`	$25.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$23.61M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$622.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$624.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$48.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$50.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$171.79M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$170.98M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueGoodsNet`	$25.14M	USD	1 Quarter
Revenues	`SalesRevenueGoodsNet`	$60.44M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$43.34M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$17.62M	USD	1 Quarter
Gross margin	`GrossProfit`	$7.52M	USD	1 Quarter
Gross margin	`GrossProfit`	$17.09M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$2.11M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$1.29M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.94M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.22M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$3.52M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$1.75M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$678.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$84.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$6.07M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$12.52M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.57M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.46M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.64M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$352.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-36.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-45.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-1.29M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.29M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.14M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$452.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$960.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.15M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$7.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-460.00K	USD	1 Quarter
Change in accumulated loss on derivatives	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-9.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$500.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.15M	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.73M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.13M	shares	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.13M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	8.73M	shares	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$960.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$413.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$537.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$49.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$379.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$224.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.47M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-32.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$2.04M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$6.45M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$57.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-608.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$357.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-101.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.43M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-93.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.44M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-924.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.13M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-192.00K	USD	1 Quarter
Proceeds related to working capital adjustment on acquisition	`ProceedsFromPreviousAcquisition`	$1.43M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$584.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$298.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-298.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$850.00K	USD	1 Quarter
Borrowings on lines-of-credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$164.00K	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.25M	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividends`	$210.00K	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividends`	$271.00K	USD	1 Quarter
Stock transactions under employee benefit stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$304.00K	USD	1 Quarter
Stock transactions under employee benefit stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$403.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.05M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$193.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-72.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-58.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-453.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-1.31M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.17M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.72M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.42M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.42M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.73M	USD	Point-in-time

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