10-Q Filing

XERIUM TECHNOLOGIES INC CIK: 1287151 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001287151-13-000069`
Period End Date	20130331
Filing Date	20130507
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	xrm-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 36 Cash Flow Statement 58

Balance Sheet 72 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.78M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.57M	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
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$92.36M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$84.46M	USD	Point-in-time
Inventories, net	`InventoryNet`	$75.27M	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
Inventories, net	`InventoryNet`	$77.39M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.86M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.39M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.31M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	15.37M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$15.56M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$232.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$220.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$308.81M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$299.85M	USD	Point-in-time
Goodwill	`Goodwill`	$61.13M	USD	Point-in-time
Goodwill	`Goodwill`	$58.82M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$17.31M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$18.68M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.38M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.10M	USD	Point-in-time
Total assets	`Assets`	$618.84M	USD	Point-in-time
Total assets	`Assets`	$616.88M	USD	Point-in-time
Notes payable	`ShortTermBorrowings`	$7.71M	USD	Point-in-time
Notes payable	`ShortTermBorrowings`	$7.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$35.42M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$63.79M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$59.76M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.40M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$106.95M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$434.68M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$431.49M	USD	Point-in-time
Deferred and long-term taxes	`DeferredTaxLiabilitiesNoncurrent`	$15.65M	USD	Point-in-time
Deferred and long-term taxes	`DeferredTaxLiabilitiesNoncurrent`	$16.58M	USD	Point-in-time
Pension, other post-retirement and post-employment obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$83.95M	USD	Point-in-time
Pension, other post-retirement and post-employment obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$81.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.74M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$5.26M	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, 2013 and December 31, 2012	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 1,000,000 shares authorized; no shares outstanding as of March 31, 2013 and December 31, 2012	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 20,000,000 shares authorized; 15,370,146 and 15,309,717 shares outstanding as of March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$15.00K	USD	Point-in-time
Common stock, $0.001 par value, 20,000,000 shares authorized; 15,370,146 and 15,309,717 shares outstanding as of March 31, 2013 and December 31, 2012, respectively	`CommonStockValue`	$15.00K	USD	Point-in-time
Stock warrants	`TemporaryEquityCarryingAmountAttributableToParent`	$13.53M	USD	Point-in-time
Stock warrants	`TemporaryEquityCarryingAmountAttributableToParent`	$13.53M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$413.12M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$413.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-413.84M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-408.35M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-44.65M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-41.89M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-29.06M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-26.04M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$618.84M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$616.88M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$139.81M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$134.36M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$85.30M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$87.92M	USD	1 Quarter
Selling	`SellingExpense`	$19.49M	USD	1 Quarter
Selling	`SellingExpense`	$18.52M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.63M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$17.82M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.96M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.65M	USD	1 Quarter
Restructuring and impairment	`RestructuringSettlementAndImpairmentProvisions`	$1.25M	USD	1 Quarter
Restructuring and impairment	`RestructuringSettlementAndImpairmentProvisions`	$3.97M	USD	1 Quarter
Operating Costs and Expenses, Total	`OperatingCostsAndExpenses`	$122.36M	USD	1 Quarter
Operating Costs and Expenses, Total	`OperatingCostsAndExpenses`	$132.17M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.19M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$17.44M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$9.60M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$9.21M	USD	1 Quarter
Foreign exchange (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$-249.00K	USD	1 Quarter
Foreign exchange (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$539.00K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.87M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.99M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$657.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.49M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-7.52M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$2.73M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.48M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.50	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.50	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.16M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.31M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.38M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.16M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$5.49M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-7.52M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$295.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$972.00K	USD	1 Quarter
Depreciation	`Depreciation`	$9.76M	USD	1 Quarter
Depreciation	`Depreciation`	$8.97M	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`	$1.05M	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$709.00K	USD	1 Quarter
Foreign exchange (gain) loss on revaluation of debt	`ForeignCurrencyTransactionGainLossUnrealized`	$118.00K	USD	1 Quarter
Foreign exchange (gain) loss on revaluation of debt	`ForeignCurrencyTransactionGainLossUnrealized`	$-8.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$282.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-182.00K	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	-	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$928.00K	USD	1 Quarter
Gain on disposition of property and equipment	`GainLossOnDispositionOfProperty`	$446.00K	USD	1 Quarter
Gain on disposition of property and equipment	`GainLossOnDispositionOfProperty`	$10.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$35.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$141.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.23M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.05M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-928.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.36M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-452.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-9.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-829.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.96M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.95M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.44M	USD	1 Quarter
Deferred and other long-term liabilities	`IncreaseDecreaseInDeferredLiabilities`	$-1.00K	USD	1 Quarter
Deferred and other long-term liabilities	`IncreaseDecreaseInDeferredLiabilities`	$-175.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.15M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.28M	USD	1 Quarter
Capital expenditures, gross	`PaymentsForCapitalImprovements`	$3.71M	USD	1 Quarter
Capital expenditures, gross	`PaymentsForCapitalImprovements`	$3.25M	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$317.00K	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$703.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.55M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebt`	$13.18M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebt`	$603.00K	USD	1 Quarter
Payment of deferred financing fees	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Payment of deferred financing fees	`PaymentsOfFinancingCosts`	$61.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-603.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.24M	USD	1 Quarter
Effect of exchange rate changes on cash flows	`EffectOfExchangeRateOnCashAndCashEquivalents`	$380.00K	USD	1 Quarter
Effect of exchange rate changes on cash flows	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-298.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.26M	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.99M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.78M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$38.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.76M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.78M	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`	$40.76M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.57M	USD	Point-in-time

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