10-Q Filing

XERIUM TECHNOLOGIES INC CIK: 1287151 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001287151-15-000058`
Period End Date	20150331
Filing Date	20150511
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	xrm-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 64

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.01M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.83M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.72M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$83.07M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$77.97M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$83.55M	USD	Point-in-time
Inventories, net	`InventoryNet`	$75.81M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.47M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	15.56M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	15.59M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$8.14M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$15.71M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$200.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$185.27M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$291.59M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$303.62M	USD	Point-in-time
Goodwill	`Goodwill`	$56.26M	USD	Point-in-time
Goodwill	`Goodwill`	$61.93M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$10.72M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$11.71M	USD	Point-in-time
Non-current deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$10.66M	USD	Point-in-time
Non-current deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$8.48M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.70M	USD	Point-in-time
Total assets	`Assets`	$561.02M	USD	Point-in-time
Total assets	`Assets`	$594.04M	USD	Point-in-time
Notes payable	`ShortTermBorrowings`	$3.27M	USD	Point-in-time
Notes payable	`ShortTermBorrowings`	$244.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$41.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$37.07M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$56.11M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$57.76M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$5.63M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$4.41M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.73M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$460.28M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$460.84M	USD	Point-in-time
Liabilities under capital leases	`CapitalLeaseObligationsNoncurrent`	$3.94M	USD	Point-in-time
Liabilities under capital leases	`CapitalLeaseObligationsNoncurrent`	$4.39M	USD	Point-in-time
Non-current deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$7.32M	USD	Point-in-time
Non-current deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$10.42M	USD	Point-in-time
Pension, other post-retirement and post-employment obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$80.47M	USD	Point-in-time
Pension, other post-retirement and post-employment obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$75.22M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$12.99M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.90M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 1,000,000 shares authorized; no shares outstanding as of March 31, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 1,000,000 shares authorized; no shares outstanding as of March 31, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 20,000,000 shares authorized; 15,593,708 and 15,560,627 shares outstanding as of March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$16.00K	USD	Point-in-time
Common stock, $0.001 par value, 20,000,000 shares authorized; 15,593,708 and 15,560,627 shares outstanding as of March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$16.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$429.48M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$428.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-417.07M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-415.33M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-117.07M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-85.94M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-74.11M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-102.91M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$594.04M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$561.02M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$133.38M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$121.03M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$81.22M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$72.48M	USD	1 Quarter
Selling	`SellingExpense`	$16.33M	USD	1 Quarter
Selling	`SellingExpense`	$18.18M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.80M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.96M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.95M	USD	1 Quarter
Restructuring	`RestructuringSettlementAndImpairmentProvisions`	$2.22M	USD	1 Quarter
Restructuring	`RestructuringSettlementAndImpairmentProvisions`	$4.65M	USD	1 Quarter
Costs and expenses	`OperatingCostsAndExpenses`	$106.83M	USD	1 Quarter
Costs and expenses	`OperatingCostsAndExpenses`	$120.79M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.20M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$12.59M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$9.66M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$8.66M	USD	1 Quarter
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-877.00K	USD	1 Quarter
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$977.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.51M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.06M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.77M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.17M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-29.40M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-758.00K	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.56M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.39M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.48M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.37M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.17M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$822.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$509.00K	USD	1 Quarter
Depreciation	`Depreciation`	$8.23M	USD	1 Quarter
Depreciation	`Depreciation`	$7.16M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$79.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$416.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$875.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$716.00K	USD	1 Quarter
Foreign exchange gain on revaluation of debt	`ForeignCurrencyTransactionGainLossUnrealized`	$1.10M	USD	1 Quarter
Foreign exchange gain on revaluation of debt	`ForeignCurrencyTransactionGainLossUnrealized`	$1.97M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$979.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-808.00K	USD	1 Quarter
Loss on disposition of property and equipment	`GainLossOnDispositionOfAssets`	$-27.00K	USD	1 Quarter
Loss on disposition of property and equipment	`GainLossOnDispositionOfAssets`	$-14.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$472.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$245.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$592.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.05M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.05M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.44M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-25.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.60M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-819.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.68M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.22M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.20M	USD	1 Quarter
Deferred and other long-term liabilities	`IncreaseDecreaseInDeferredLiabilities`	$-3.57M	USD	1 Quarter
Deferred and other long-term liabilities	`IncreaseDecreaseInDeferredLiabilities`	$-2.16M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.76M	USD	1 Quarter
Capital expenditures	`PaymentsForCapitalImprovements`	$12.15M	USD	1 Quarter
Capital expenditures	`PaymentsForCapitalImprovements`	$10.49M	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$43.00K	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$32.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.45M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.12M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$7.58M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$22.57M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebt`	$6.60M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebt`	$18.33M	USD	1 Quarter
Payment of financing fees	`PaymentsOfFinancingCosts`	$25.00K	USD	1 Quarter
Payment of financing fees	`PaymentsOfFinancingCosts`	$710.00K	USD	1 Quarter
Payment of obligations under capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$190.00K	USD	1 Quarter
Payment of obligations under capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$265.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.95M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$80.00K	USD	1 Quarter
Effect of exchange rate changes on cash flows	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-516.00K	USD	1 Quarter
Effect of exchange rate changes on cash flows	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-95.00K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.70M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-691.00K	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.01M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.52M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.83M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.83M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.72M	USD	Point-in-time
Non-cash capitalized lease asset and liability	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter
Non-cash capitalized lease asset and liability	`CapitalLeaseObligationsIncurred`	$4.47M	USD	1 Quarter
Accrued construction in process	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$1.52M	USD	1 Quarter
Accrued construction in process	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter

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