10-Q Filing

ALLIENT INC CIK: 46129 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001104659-19-026008`
Period End Date	20190331
Filing Date	20190501
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	amot-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 48 Cash Flow Statement 48 Stockholders Equity 29

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$560.00K	USD	Point-in-time
Trade receivables, allowance for doubtful accounts (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$530.00K	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
Common stock, authorized shares	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.18M	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $560 and $530 at March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNetCurrent`	$53.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.61M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.61M	shares	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $560 and $530 at March 31, 2019 and December 31, 2018, respectively	`AccountsReceivableNetCurrent`	$43.25M	USD	Point-in-time
Inventories	`InventoryNet`	$52.96M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.48M	shares	Point-in-time
Inventories	`InventoryNet`	$54.97M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.48M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.00M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.73M	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`	$110.89M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$120.67M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$48.03M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$48.08M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$424.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$341.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$66.79M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$68.35M	USD	Point-in-time
Goodwill	`Goodwill`	$29.53M	USD	Point-in-time
Goodwill	`Goodwill`	$52.36M	USD	Point-in-time
Goodwill	`Goodwill`	$52.64M	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$18.98M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$4.71M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.04M	USD	Point-in-time
Total Assets	`Assets`	$312.02M	USD	Point-in-time
Total Assets	`Assets`	$285.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$25.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.23M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$18.94M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$18.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.59M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$129.05M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$122.52M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.86M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.60M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$4.32M	USD	Point-in-time
Pension and post-retirement obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$4.29M	USD	Point-in-time
Right of use liability	`OperatingLeaseLiabilityNoncurrent`	$15.82M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.26M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$205.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$183.49M	USD	Point-in-time
Common stock, no par value, authorized 50,000 shares; 9,607 and 9,485 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, no par value, authorized 50,000 shares; 9,607 and 9,485 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	-	USD	Point-in-time
Preferred stock, par value $1.00 per share, authorized 5,000 shares; no shares issued or outstanding	`PreferredStockValue`	$35.56M	USD	Point-in-time
Preferred stock, par value $1.00 per share, authorized 5,000 shares; no shares issued or outstanding	`PreferredStockValue`	$33.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$80.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$76.72M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.67M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.52M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$87.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$106.80M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$101.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$95.11M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$312.02M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$285.30M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$93.90M	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`	$66.23M	USD	1 Quarter
Gross profit	`GrossProfit`	$27.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$22.55M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$2.70M	USD	1 Quarter
Selling	`SellingAndMarketingExpense`	$4.09M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.95M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.46M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$4.96M	USD	1 Quarter
Engineering and development	`EngineeringAndDevelopmentExpense`	$5.81M	USD	1 Quarter
Business development	`BusinessDevelopment`	$151.00K	USD	1 Quarter
Business development	`BusinessDevelopment`	$53.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$884.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.43M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$20.34M	USD	1 Quarter
Total operating costs and expenses	`OperatingExpenses`	$16.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.33M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$6.41M	USD	1 Quarter
Interest expense	`InterestExpense`	$614.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.18M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-106.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$18.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-720.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-1.16M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.17M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.69M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.49M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.47M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.20M	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.25M	shares	1 Quarter
Basic weighted average common shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.34M	shares	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.38M	shares	1 Quarter
Diluted weighted average common shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.32M	shares	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.47M	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`	$-887.00K	USD	1 Quarter
Income (loss) on derivatives	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTaxParent`	$604.00K	USD	1 Quarter
Income (loss) on derivatives	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTaxParent`	$-262.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.32M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.49M	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.47M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.79M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-297.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.82M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$496.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$674.00K	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`	$43.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-347.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-609.00K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$10.94M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$8.23M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.29M	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`	$161.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$490.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.48M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-2.01M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.21M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.44M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.70M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.50M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.22M	USD	1 Quarter
Cash paid for acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$13.31M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.53M	USD	1 Quarter
Borrowings on long term debt	`ProceedsFromRepaymentsOfLinesOfCredit`	$6.57M	USD	1 Quarter
Borrowings on long term debt	`ProceedsFromRepaymentsOfLinesOfCredit`	$14.50M	USD	1 Quarter
Principal payments of long-term debt	`RepaymentsOfLongTermDebt`	$4.35M	USD	1 Quarter
Stock transactions under employee benefit stock plans	`ProceedsFromPaymentsForIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$-63.00K	USD	1 Quarter
Stock transactions under employee benefit stock plans	`ProceedsFromPaymentsForIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$849.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.50M	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-50.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$253.00K	USD	1 Quarter
Net increase (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.59M	USD	1 Quarter
Net increase (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.51M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.67M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.18M	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`	$8.67M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.18M	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

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.03	USD	1 Quarter
Dividends declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.03	USD	1 Quarter
Balances	`StockholdersEquity`	$87.35M	USD	Point-in-time
Balances	`StockholdersEquity`	$106.80M	USD	Point-in-time
Balances	`StockholdersEquity`	$101.81M	USD	Point-in-time
Balances	`StockholdersEquity`	$95.11M	USD	Point-in-time
Balances (in shares)	`CommonStockSharesIssued`	9.61M	shares	Point-in-time
Balances (in shares)	`CommonStockSharesIssued`	9.61M	shares	Point-in-time
Stock transactions under employee benefit stock plans	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$1.09M	USD	1 Quarter
Stock transactions under employee benefit stock plans	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$849.00K	USD	1 Quarter
Issuance of restricted stock, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$330.00K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$596.00K	USD	1 Quarter
Stock compensation expense	`StockIssuedDuringPeriodValueShareBasedCompensation`	$460.00K	USD	1 Quarter
Shares withheld for payment of employee payroll taxes	`SharesWithheldForPaymentOfEmployeePayrollTaxes`	$34.00K	USD	1 Quarter
Shares withheld for payment of employee payroll taxes	`SharesWithheldForPaymentOfEmployeePayrollTaxes`	$63.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.69M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-887.00K	USD	1 Quarter
Accumulated income (loss) on derivatives	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsBeforeTaxParent`	$-343.00K	USD	1 Quarter
Accumulated income (loss) on derivatives	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsBeforeTaxParent`	$604.00K	USD	1 Quarter
Tax effect of derivative transactions	`OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsTaxParent`	$-81.00K	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.47M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.20M	USD	1 Quarter
Dividends to stockholders	`DividendsCommonStock`	$287.00K	USD	1 Quarter
Balances	`StockholdersEquity`	$87.35M	USD	Point-in-time
Balances	`StockholdersEquity`	$106.80M	USD	Point-in-time
Balances	`StockholdersEquity`	$101.81M	USD	Point-in-time
Balances	`StockholdersEquity`	$95.11M	USD	Point-in-time
Balances (in shares)	`CommonStockSharesIssued`	9.61M	shares	Point-in-time
Balances (in shares)	`CommonStockSharesIssued`	9.61M	shares	Point-in-time

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