10-Q Filing

XERIUM TECHNOLOGIES INC CIK: 1287151 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001287151-16-000145`
Period End Date	20160331
Filing Date	20160504
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	xrm-20160331.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`	$15.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.84M	USD	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
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
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`	$68.56M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$72.17M	USD	Point-in-time
Inventories, net	`InventoryNet`	$71.37M	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`	$71.70M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	15.75M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	15.99M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.39M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$6.65M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.87M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$15.95M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$182.33M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$173.62M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$301.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$297.08M	USD	Point-in-time
Goodwill	`Goodwill`	$59.30M	USD	Point-in-time
Goodwill	`Goodwill`	$58.60M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.55M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$1.46M	USD	Point-in-time
Non-current deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$9.47M	USD	Point-in-time
Non-current deferred tax asset	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$9.32M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.36M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$10.20M	USD	Point-in-time
Total assets	`Assets`	$564.60M	USD	Point-in-time
Total assets	`Assets`	$550.37M	USD	Point-in-time
Notes payable	`ShortTermBorrowings`	$6.72M	USD	Point-in-time
Notes payable	`ShortTermBorrowings`	$6.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.02M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$64.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$56.08M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$5.41M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$6.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$116.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$108.74M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$459.44M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$462.47M	USD	Point-in-time
Liabilities under capital leases	`CapitalLeaseObligationsNoncurrent`	$8.74M	USD	Point-in-time
Liabilities under capital leases	`CapitalLeaseObligationsNoncurrent`	$18.14M	USD	Point-in-time
Non-current deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$8.77M	USD	Point-in-time
Non-current deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$9.26M	USD	Point-in-time
Pension, other post-retirement and post-employment obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$63.61M	USD	Point-in-time
Pension, other post-retirement and post-employment obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$63.72M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.12M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.90M	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, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 1,000,000 shares authorized; no shares outstanding as of March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 20,000,000 shares authorized; 15,994,057 and 15,745,914 shares outstanding as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$16.00K	USD	Point-in-time
Common stock, $0.001 par value, 20,000,000 shares authorized; 15,994,057 and 15,745,914 shares outstanding as of March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$16.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$429.63M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$430.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-422.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-421.45M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-112.87M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-121.69M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-106.12M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-113.07M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$550.37M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$564.60M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$114.97M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$121.03M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$71.43M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$72.48M	USD	1 Quarter
Selling	`SellingExpense`	$16.33M	USD	1 Quarter
Selling	`SellingExpense`	$15.72M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.51M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.96M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.94M	USD	1 Quarter
Restructuring	`RestructuringSettlementAndImpairmentProvisions`	$2.22M	USD	1 Quarter
Restructuring	`RestructuringSettlementAndImpairmentProvisions`	$2.83M	USD	1 Quarter
Costs and expenses	`OperatingCostsAndExpenses`	$106.83M	USD	1 Quarter
Costs and expenses	`OperatingCostsAndExpenses`	$103.43M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$11.54M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$14.20M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$10.34M	USD	1 Quarter
Interest expense, net	`InterestAndDebtExpense`	$9.66M	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$24.00K	USD	1 Quarter
Foreign exchange gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$977.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.22M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.51M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.77M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.67M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.73M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.45M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$7.37M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-29.40M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.79M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.56M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.48M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.79M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$1.73M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-1.45M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$592.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$822.00K	USD	1 Quarter
Depreciation	`Depreciation`	$7.90M	USD	1 Quarter
Depreciation	`Depreciation`	$7.16M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$79.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$94.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$756.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$875.00K	USD	1 Quarter
Foreign exchange loss (gain) on revaluation of debt	`ForeignCurrencyTransactionGainLossUnrealized`	$1.97M	USD	1 Quarter
Foreign exchange loss (gain) on revaluation of debt	`ForeignCurrencyTransactionGainLossUnrealized`	$-1.12M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$155.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$979.00K	USD	1 Quarter
Loss on disposition of property and equipment	`GainLossOnDispositionOfAssets`	$-14.00K	USD	1 Quarter
Loss on disposition of property and equipment	`GainLossOnDispositionOfAssets`	$-17.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-72.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$472.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.13M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$592.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-2.23M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.44M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-25.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$621.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.02M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.68M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.66M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.22M	USD	1 Quarter
Deferred and other long-term liabilities	`IncreaseDecreaseInDeferredLiabilities`	$792.00K	USD	1 Quarter
Deferred and other long-term liabilities	`IncreaseDecreaseInDeferredLiabilities`	$-3.57M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.07M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.00M	USD	1 Quarter
Capital expenditures	`PaymentsForCapitalImprovements`	$12.15M	USD	1 Quarter
Capital expenditures	`PaymentsForCapitalImprovements`	$3.55M	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$32.00K	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.12M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.53M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$13.31M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$22.57M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebt`	$16.44M	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`	$98.00K	USD	1 Quarter
Payment of obligations under capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$673.00K	USD	1 Quarter
Payment of obligations under capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$265.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.95M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.90M	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`	$-1.04M	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-691.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.61M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.45M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.84M	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 end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.84M	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
Non-cash capitalized lease asset and liability	`CapitalLeaseObligationsIncurred`	$1.26M	USD	1 Quarter
Non-cash capitalized lease asset and liability	`CapitalLeaseObligationsIncurred`	-	USD	1 Quarter
Accrued construction in process	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter
Accrued construction in process	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$1.52M	USD	1 Quarter

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