10-Q Filing

ALLIENT INC CIK: 46129 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001104659-18-029809`
Period End Date	20180331
Filing Date	20180502
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	amot-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 47 Cash Flow Statement 49

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$341.00K	USD	Point-in-time
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$411.00K	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
Common stock, authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.59M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $411 and $341 at March 31, 2018 and December 31, 2017, respectively	`AccountsReceivableNetCurrent`	$42.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.48M	shares	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $411 and $341 at March 31, 2018 and December 31, 2017, respectively	`AccountsReceivableNetCurrent`	$31.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.43M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.43M	shares	Point-in-time
Inventories	`InventoryNet`	$39.62M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.48M	shares	Point-in-time
Inventories	`InventoryNet`	$32.57M	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
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.68M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$100.13M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$83.44M	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
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$38.40M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$39.38M	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$14.00K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$23.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$32.07M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$35.12M	USD	Point-in-time
Goodwill	`Goodwill`	$5.67M	USD	Point-in-time
Goodwill	`Goodwill`	$35.68M	USD	Point-in-time
Goodwill	`Goodwill`	$27.52M	USD	Point-in-time
Goodwill	`Goodwill`	$29.53M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$4.46M	USD	Point-in-time
Other long term assets	`OtherAssetsNoncurrent`	$4.44M	USD	Point-in-time
Total assets	`Assets`	$187.92M	USD	Point-in-time
Total assets	`Assets`	$214.77M	USD	Point-in-time
Debt obligations	`DebtCurrent`	$461.00K	USD	Point-in-time
Debt obligations	`DebtCurrent`	$478.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$22.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.35M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$14.27M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.02M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$52.69M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$62.93M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.61M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.64M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$4.74M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$4.67M	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$9.52M	USD	Point-in-time
Other long term liabilities	`OtherLiabilitiesNoncurrent`	$9.33M	USD	Point-in-time
Total liabilities	`Liabilities`	$100.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$119.66M	USD	Point-in-time
Common stock, no par value, authorized 50,000 shares; 9,482 and 9,427 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$32.33M	USD	Point-in-time
Common stock, no par value, authorized 50,000 shares; 9,482 and 9,427 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$31.05M	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`	$61.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$66.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.59M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$87.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$95.11M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$214.77M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$187.92M	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$61.35M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$76.58M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$54.02M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$43.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.55M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$2.70M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$2.60M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.75M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.46M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$4.19M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$4.96M	USD	1 Quarter
Business development	`BusinessDevelopment`	$151.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$793.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$884.00K	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$13.34M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$16.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.41M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$523.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$614.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$10.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-106.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-720.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-513.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.85M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.69M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.20M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.66M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.20M	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.25M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.07M	shares	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.23M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.32M	shares	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.66M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.20M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.69M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$674.00K	USD	1 Quarter
Change in accumulated gain (loss) on derivatives	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$604.00K	USD	1 Quarter
Change in accumulated gain (loss) on derivatives	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$-86.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.49M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.25M	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.66M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.79M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.82M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-48.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$466.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$496.00K	USD	1 Quarter
Debt issue cost amortization recorded in interest expense	`AmortizationOfDebtDiscountPremium`	$37.00K	USD	1 Quarter
Debt issue cost amortization recorded in interest expense	`AmortizationOfDebtDiscountPremium`	$37.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-248.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-609.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$4.77M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$8.23M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-221.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.89M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.41M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-150.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.48M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.21M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-383.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.33M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.70M	USD	1 Quarter
Consideration paid for acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$13.31M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.22M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.29M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.29M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.53M	USD	1 Quarter
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$14.50M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$3.00M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$4.35M	USD	1 Quarter
Dividends paid to stockholders	`PaymentsOfDividends`	$228.00K	USD	1 Quarter
Stock transactions under employee benefit stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$849.00K	USD	1 Quarter
Stock transactions under employee benefit stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$628.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.60M	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$253.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$121.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.59M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.44M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.48M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.05M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.59M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.48M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.05M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.59M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.00M	USD	Point-in-time

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