10-Q Filing

LINDSAY CORP CIK: 836157 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-006849`
Period End Date	20121130
Filing Date	20130108
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	lnn-20121130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 39 Cash Flow Statement 57 Comprehensive Income 14

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.65M	USD	Point-in-time
Receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.72M	USD	Point-in-time
Receivables, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.17M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$152.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$143.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.17M	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.73M	USD	Point-in-time
Receivables, net of allowance of $1,645, $2,171 and $1,717	`ReceivablesNetCurrent`	$82.56M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables, net of allowance of $1,645, $2,171 and $1,717	`ReceivablesNetCurrent`	$76.67M	USD	Point-in-time
Receivables, net of allowance of $1,645, $2,171 and $1,717	`ReceivablesNetCurrent`	$88.89M	USD	Point-in-time
Inventories, net	`InventoryNet`	$57.65M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$52.87M	USD	Point-in-time
Inventories, net	`InventoryNet`	$67.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$9.51M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$8.17M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$8.98M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	18.53M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.79M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.48M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$327.21M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	5.70M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$263.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$298.87M	USD	Point-in-time
Cost	`PropertyPlantAndEquipmentGross`	$139.03M	USD	Point-in-time
Cost	`PropertyPlantAndEquipmentGross`	$131.56M	USD	Point-in-time
Cost	`PropertyPlantAndEquipmentGross`	$136.69M	USD	Point-in-time
Less- accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$80.52M	USD	Point-in-time
Less- accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$74.58M	USD	Point-in-time
Less- accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$82.95M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$56.98M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$56.18M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$56.09M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$24.41M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$25.07M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$27.49M	USD	Point-in-time
Goodwill	`Goodwill`	$29.96M	USD	Point-in-time
Goodwill	`Goodwill`	$30.11M	USD	Point-in-time
Goodwill	`Goodwill`	$30.39M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$5.06M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$5.41M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$5.46M	USD	Point-in-time
Total assets	`Assets`	$442.88M	USD	Point-in-time
Total assets	`Assets`	$415.53M	USD	Point-in-time
Total assets	`Assets`	$384.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.66M	USD	Point-in-time
Current portion of long-term debt	`ShortTermBorrowings`	$4.29M	USD	Point-in-time
Current portion of long-term debt	`ShortTermBorrowings`	$3.21M	USD	Point-in-time
Current portion of long-term debt	`ShortTermBorrowings`	$4.29M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$39.14M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$44.78M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$38.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$82.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$93.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$80.44M	USD	Point-in-time
Pension benefits liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$6.17M	USD	Point-in-time
Pension benefits liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$6.82M	USD	Point-in-time
Pension benefits liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$6.75M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.21M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$10.43M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.98M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.62M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$8.13M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$7.45M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$7.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$116.81M	USD	Point-in-time
Total liabilities	`Liabilities`	$110.26M	USD	Point-in-time
Total liabilities	`Liabilities`	$104.69M	USD	Point-in-time
Preferred stock of $1 par value - Authorized 2,000 shares, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock of $1 par value - Authorized 2,000 shares, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock of $1 par value - Authorized 2,000 shares, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock of $1 par value - Authorized 25,000 shares; 18,531 issued	`CommonStockValue`	$18.53M	USD	Point-in-time
Common stock of $1 par value - Authorized 25,000 shares; 18,531 issued	`CommonStockValue`	$18.40M	USD	Point-in-time
Common stock of $1 par value - Authorized 25,000 shares; 18,531 issued	`CommonStockValue`	$18.42M	USD	Point-in-time
Capital in excess of stated value	`AdditionalPaidInCapital`	$43.14M	USD	Point-in-time
Capital in excess of stated value	`AdditionalPaidInCapital`	$44.99M	USD	Point-in-time
Capital in excess of stated value	`AdditionalPaidInCapital`	$39.45M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$354.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$304.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$341.12M	USD	Point-in-time
Less treasury stock (at cost, 5,698 shares)	`TreasuryStockValue`	$90.96M	USD	Point-in-time
Less treasury stock (at cost, 5,698 shares)	`TreasuryStockValue`	$90.96M	USD	Point-in-time
Less treasury stock (at cost, 5,698 shares)	`TreasuryStockValue`	$90.96M	USD	Point-in-time
Accumulated other comprehensive income, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-859.00K	USD	Point-in-time
Accumulated other comprehensive income, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.43M	USD	Point-in-time
Accumulated other comprehensive income, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-877.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$273.82M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$310.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$326.07M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$415.53M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$442.88M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$384.08M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`Revenues`	$147.37M	USD	1 Quarter
Operating revenues	`Revenues`	$119.20M	USD	1 Quarter
Cost of operating revenues	`CostOfRevenue`	$88.96M	USD	1 Quarter
Cost of operating revenues	`CostOfRevenue`	$104.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$30.25M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.86M	USD	1 Quarter
Selling expense	`SellingExpense`	$6.94M	USD	1 Quarter
Selling expense	`SellingExpense`	$7.32M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$10.12M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$8.94M	USD	1 Quarter
Engineering and research expense	`ResearchAndDevelopmentExpense`	$3.15M	USD	1 Quarter
Engineering and research expense	`ResearchAndDevelopmentExpense`	$2.06M	USD	1 Quarter
Environmental remediation expense	`EnvironmentalRemediationExpense`	$7.22M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$20.59M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$25.16M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$22.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$5.08M	USD	1 Quarter
Interest expense	`InterestExpense`	$143.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$143.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$138.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$96.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$124.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-595.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.38M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.44M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.66M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.52M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$14.73M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$2.92M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.15	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.15	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.68M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	12.76M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.85M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.76M	shares	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$14.73M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$2.92M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.13M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.12M	USD	1 Quarter
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$199.00K	USD	1 Quarter
Provision for uncollectible accounts receivable	`ProvisionForDoubtfulAccounts`	$47.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.60M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-782.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$898.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$1.22M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$1.01M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$157.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$6.44M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-162.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.34M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.56M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$357.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$928.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.78M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.21M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.40M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-6.40M	USD	1 Quarter
Current taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.31M	USD	1 Quarter
Current taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.55M	USD	1 Quarter
Other noncurrent assets and liabilities	`IncreaseDecreaseInOtherNonCurrentAssetsAndLiabilities`	$5.20M	USD	1 Quarter
Other noncurrent assets and liabilities	`IncreaseDecreaseInOtherNonCurrentAssetsAndLiabilities`	$-181.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$13.46M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.21M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.21M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.63M	USD	1 Quarter
Proceeds (payment) for settlement of net investment hedge	`PaymentsForProceedsFromHedgeInvestingActivities`	$-476.00K	USD	1 Quarter
Proceeds (payment) for settlement of net investment hedge	`PaymentsForProceedsFromHedgeInvestingActivities`	$1.09M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.31M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.16M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockPlans`	$1.08M	USD	1 Quarter
Common stock withheld for payroll tax withholdings	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.44M	USD	1 Quarter
Common stock withheld for payroll tax withholdings	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$579.00K	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.07M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$1.07M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.19M	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$135.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$1.48M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$1.14M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.66M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.72M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-829.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$302.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.73M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$564.00K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$152.17M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$143.44M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$108.17M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$108.73M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$152.17M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$143.44M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$108.17M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$108.73M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$14.73M	USD	1 Quarter
Other comprehensive income, tax (benefit) expense	`OtherComprehensiveIncomeLossTax`	$139.00K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$2.92M	USD	1 Quarter
Other comprehensive income, tax (benefit) expense	`OtherComprehensiveIncomeLossTax`	$-393.00K	USD	1 Quarter
Defined benefit pension plan adjustment, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-33.00K	USD	1 Quarter
Defined benefit pension plan adjustment, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-26.00K	USD	1 Quarter
Unrealized gain on cash flow hedges, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$26.00K	USD	1 Quarter
Unrealized gain on cash flow hedges, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$72.00K	USD	1 Quarter
Foreign currency translation adjustment, net of hedging activities, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-4.13M	USD	1 Quarter
Foreign currency translation adjustment, net of hedging activities, net of tax	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-41.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax (benefit) expense of ($393), $139	`OtherComprehensiveIncomeLossNetOfTax`	$-4.03M	USD	1 Quarter
Total other comprehensive income (loss), net of tax (benefit) expense of ($393), $139	`OtherComprehensiveIncomeLossNetOfTax`	$18.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$-1.11M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$14.75M	USD	1 Quarter

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