10-Q Filing

ALLIENT INC CIK: 46129 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001104659-16-117727`
Period End Date	20160331
Filing Date	20160504
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	amot-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 47 Cash Flow Statement 50

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$611.00K	USD	Point-in-time
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$772.00K	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`	$21.28M	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`	$6.32M	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
Common stock, shares issued	`CommonStockSharesIssued`	9.40M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.28M	shares	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $772 and $611 at March 31, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$22.71M	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $772 and $611 at March 31, 2016 and December 31, 2015, respectively	`AccountsReceivableNetCurrent`	$29.73M	USD	Point-in-time
Inventories, net	`InventoryNet`	$26.18M	USD	Point-in-time
Inventories, net	`InventoryNet`	$31.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.40M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.28M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.98M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.75M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	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
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$73.91M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$72.30M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$37.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$35.31M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$5.10M	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
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$36.41M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$29.98M	USD	Point-in-time
Goodwill	`Goodwill`	$18.30M	USD	Point-in-time
Goodwill	`Goodwill`	$31.29M	USD	Point-in-time
Goodwill	`Goodwill`	$17.76M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$3.65M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$2.63M	USD	Point-in-time
Total Assets	`Assets`	$186.42M	USD	Point-in-time
Total Assets	`Assets`	$164.70M	USD	Point-in-time
Debt obligations	`DebtCurrent`	$9.86M	USD	Point-in-time
Debt obligations	`DebtCurrent`	$21.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.01M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$11.12M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$33.98M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$49.16M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$55.04M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$57.52M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$3.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$5.14M	USD	Point-in-time
Deferred compensation arrangements	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.64M	USD	Point-in-time
Deferred compensation arrangements	`DeferredCompensationLiabilityClassifiedNoncurrent`	$3.15M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$2.79M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$4.19M	USD	Point-in-time
Total Liabilities	`Liabilities`	$100.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$116.68M	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; 9,402 and 9,276 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$27.82M	USD	Point-in-time
Common stock, no par value, authorized 50,000 shares; 9,402 and 9,276 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$29.15M	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`	$46.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.95M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$64.60M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$69.74M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$164.70M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$186.42M	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Revenues	`SalesRevenueGoodsNet`	$59.58M	USD	1 Quarter
Revenues	`SalesRevenueGoodsNet`	$63.67M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$45.40M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$42.08M	USD	1 Quarter
Gross margin	`GrossProfit`	$18.28M	USD	1 Quarter
Gross margin	`GrossProfit`	$17.50M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$2.21M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$2.42M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.41M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.55M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$3.45M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$4.05M	USD	1 Quarter
Business development	`BusinessDevelopment`	$83.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$779.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$662.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$13.74M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$11.87M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.53M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.63M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.53M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.51M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-15.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$266.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-1.55M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-1.25M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.38M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.98M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$858.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.41M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.13M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.98M	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.21M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.27M	shares	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.21M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.27M	shares	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.13M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.98M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.48M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.03M	USD	1 Quarter
Change in accumulated (loss) income on derivatives	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-104.00K	USD	1 Quarter
Change in accumulated (loss) income on derivatives	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.60M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$4.05M	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Cash acquired from acquisition	`CashAcquiredFromAcquisition`	$2.33M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.13M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.98M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.81M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.27M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$50.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$96.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$513.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$433.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$198.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$217.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$3.40M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$6.42M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$728.00K	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$16.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$484.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$50.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.89M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-520.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.26M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.12M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.92M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$669.00K	USD	1 Quarter
Consideration paid for acquisition, net of cash acquired ($2,329)	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$17.00M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.44M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$984.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.44M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-17.98M	USD	1 Quarter
Borrowings on lines-of-credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$315.00K	USD	1 Quarter
Borrowings on lines-of-credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$10.86M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.88M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.50M	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividends`	$225.00K	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividends`	$224.00K	USD	1 Quarter
Stock transactions under employee benefit stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$811.00K	USD	1 Quarter
Stock transactions under employee benefit stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.17M	USD	1 Quarter
Net cash provided by (used in) by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$9.57M	USD	1 Quarter
Net cash provided by (used in) by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-239.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$366.00K	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`	$-2.07M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.96M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.28M	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`	$6.32M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.28M	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`	$6.32M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.04M	USD	Point-in-time

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