10-Q Filing

ALLIENT INC CIK: 46129 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001104659-15-034936`
Period End Date	20150331
Filing Date	20150506
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	amot-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 46 Cash Flow Statement 49

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$367.00K	USD	Point-in-time
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$437.00K	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`	$11.04M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.17M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.72M	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $437 and $367 at March 31, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$27.75M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.30M	shares	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $437 and $367 at March 31, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$29.96M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.21M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.21M	shares	Point-in-time
Inventories, net	`InventoryNet`	$25.37M	USD	Point-in-time
Inventories, net	`InventoryNet`	$25.12M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.89M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.67M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.55M	USD	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$70.78M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$70.17M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$37.04M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$35.97M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$2.72M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$2.91M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$31.96M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$32.79M	USD	Point-in-time
Goodwill	`Goodwill`	$20.23M	USD	Point-in-time
Goodwill	`Goodwill`	$17.73M	USD	Point-in-time
Goodwill	`Goodwill`	$18.30M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$4.37M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$4.00M	USD	Point-in-time
Total Assets	`Assets`	$163.11M	USD	Point-in-time
Total Assets	`Assets`	$165.64M	USD	Point-in-time
Debt obligations	`DebtCurrent`	$7.72M	USD	Point-in-time
Debt obligations	`DebtCurrent`	$8.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.76M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.51M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.33M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$9.09M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$393.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.01M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$35.96M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$35.28M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$67.12M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$65.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.13M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.30M	USD	Point-in-time
Deferred compensation arrangements	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.65M	USD	Point-in-time
Deferred compensation arrangements	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.17M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$3.08M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$3.14M	USD	Point-in-time
Total Liabilities	`Liabilities`	$107.39M	USD	Point-in-time
Total Liabilities	`Liabilities`	$109.69M	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; 9,304 and 9,213 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$26.74M	USD	Point-in-time
Common stock, no par value, authorized 50,000 shares; 9,304 and 9,213 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$25.13M	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`	$39.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$36.51M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.68M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$624.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.26M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$622.00K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$55.72M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$55.95M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$163.11M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$165.64M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueGoodsNet`	$60.44M	USD	1 Quarter
Revenues	`SalesRevenueGoodsNet`	$59.58M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$43.34M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$42.08M	USD	1 Quarter
Gross margin	`GrossProfit`	$17.09M	USD	1 Quarter
Gross margin	`GrossProfit`	$17.50M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$2.11M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$2.21M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.22M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.55M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$3.52M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$3.45M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$662.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$678.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$12.52M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$11.87M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.63M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.57M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.64M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.51M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$352.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$266.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-1.25M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-1.29M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.29M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.38M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.41M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.14M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.98M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.15M	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.21M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.13M	shares	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.32	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`	9.21M	shares	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.98M	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`	$-4.48M	USD	1 Quarter
Change in accumulated income (loss) on derivatives	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Change in accumulated income (loss) on derivatives	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-9.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$2.15M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-1.60M	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.98M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.81M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$537.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$50.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$379.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$433.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$190.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.47M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$3.40M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$6.45M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$57.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$728.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$50.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-101.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.89M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.43M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.12M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.48M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$677.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-232.00K	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`	$1.44M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.44M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$850.00K	USD	1 Quarter
Borrowings on lines-of-credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$315.00K	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
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.50M	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividends`	$231.00K	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividends`	$233.00K	USD	1 Quarter
Stock transactions under employee benefit stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.17M	USD	1 Quarter
Stock transactions under employee benefit stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$304.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-247.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.01M	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-58.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-1.06M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-453.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.07M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.04M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.11M	USD	Point-in-time
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 end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.11M	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

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