10-Q Filing

XERIUM TECHNOLOGIES INC CIK: 1287151 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-220323`
Period End Date	20120331
Filing Date	20120509
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	xrm-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 36 Cash Flow Statement 57

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.57M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.78M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$91.78M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$89.40M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$83.32M	USD	Point-in-time
Inventories, net	`InventoryNet`	$86.73M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.17M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.18M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.76M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.23M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.15M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$15.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$239.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$235.37M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$335.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$333.29M	USD	Point-in-time
Goodwill	`Goodwill`	$59.12M	USD	Point-in-time
Goodwill	`Goodwill`	$61.97M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$22.64M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$21.17M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.03M	USD	Point-in-time
Total assets	`Assets`	$660.83M	USD	Point-in-time
Total assets	`Assets`	$665.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.74M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$47.80M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$56.58M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$3.14M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$3.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$91.10M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$465.51M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$455.60M	USD	Point-in-time
Deferred and long-term taxes	`DeferredTaxLiabilitiesNoncurrent`	$18.58M	USD	Point-in-time
Deferred and long-term taxes	`DeferredTaxLiabilitiesNoncurrent`	$19.70M	USD	Point-in-time
Pension, other post-retirement and post-employment obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$82.23M	USD	Point-in-time
Pension, other post-retirement and post-employment obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$81.19M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.65M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 1,000,000 shares authorized; no shares outstanding as of March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 1,000,000 shares authorized; no shares outstanding as of March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 20,000,000 shares authorized; 15,226,681 and 15,145,451 shares outstanding as of March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$15.00K	USD	Point-in-time
Common stock, $0.001 par value, 20,000,000 shares authorized; 15,226,681 and 15,145,451 shares outstanding as of March 31, 2012 and December 31, 2011, respectively	`CommonStockValue`	$15.00K	USD	Point-in-time
Stock warrants	`TemporaryEquityCarryingAmount`	$13.53M	USD	Point-in-time
Stock warrants	`TemporaryEquityCarryingAmount`	$13.53M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$411.50M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$412.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-395.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-403.33M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-27.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-31.55M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-2.31M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-5.05M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$665.72M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$660.83M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$134.36M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$143.17M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$87.92M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$89.25M	USD	1 Quarter
Selling	`SellingExpense`	$19.49M	USD	1 Quarter
Selling	`SellingExpense`	$19.52M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.82M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.38M	USD	1 Quarter
Restructuring	`RestructuringSettlementAndImpairmentProvisions`	$168.00K	USD	1 Quarter
Restructuring	`RestructuringSettlementAndImpairmentProvisions`	$3.97M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$3.09M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.96M	USD	1 Quarter
Total costs and expenses	`OperatingCostsAndExpenses`	$129.41M	USD	1 Quarter
Total costs and expenses	`OperatingCostsAndExpenses`	$132.17M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.19M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$13.76M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$9.85M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$9.60M	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$164.00K	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$539.00K	USD	1 Quarter
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.87M	USD	1 Quarter
(Loss) income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.07M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$657.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.42M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$647.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-7.52M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$6.39M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-3.48M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.50	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.50	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	15.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.99M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.64M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$647.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-7.52M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.25M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$972.00K	USD	1 Quarter
Depreciation	`Depreciation`	$10.23M	USD	1 Quarter
Depreciation	`Depreciation`	$9.76M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$576.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$576.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$236.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$1.05M	USD	1 Quarter
Unrealized foreign exchange loss (gain) on revaluation of debt	`ForeignCurrencyTransactionGainLossUnrealized`	$610.00K	USD	1 Quarter
Unrealized foreign exchange loss (gain) on revaluation of debt	`ForeignCurrencyTransactionGainLossUnrealized`	$-8.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$660.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-182.00K	USD	1 Quarter
Gain on disposition of property and equipment	`GainLossOnDispositionOfProperty`	$538.00K	USD	1 Quarter
Gain on disposition of property and equipment	`GainLossOnDispositionOfProperty`	$446.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$44.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$141.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.92M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.05M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.36M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.24M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-9.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-383.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.30M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-829.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.44M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.44M	USD	1 Quarter
Deferred and other long-term liabilities	`IncreaseDecreaseInOtherDeferredLiability`	$-169.00K	USD	1 Quarter
Deferred and other long-term liabilities	`IncreaseDecreaseInOtherDeferredLiability`	$-175.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.15M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-194.00K	USD	1 Quarter
Capital expenditures, gross	`PaymentsForCapitalImprovements`	$4.19M	USD	1 Quarter
Capital expenditures, gross	`PaymentsForCapitalImprovements`	$3.25M	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$703.00K	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.88M	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$260.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.55M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.57M	USD	1 Quarter
Net decrease in borrowings (maturities of 90 days or less)	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$-181.00K	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebt`	$4.20M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebt`	$13.18M	USD	1 Quarter
Payment of deferred financing fees	`PaymentsOfFinancingCosts`	$61.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.24M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.38M	USD	1 Quarter
Effect of exchange rate changes on cash flows	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.23M	USD	1 Quarter
Effect of exchange rate changes on cash flows	`EffectOfExchangeRateOnCashAndCashEquivalents`	$380.00K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.92M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.26M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$32.78M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$38.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$32.78M	USD	Point-in-time

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