10-Q Filing

XERIUM TECHNOLOGIES INC CIK: 1287151 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001287151-18-000081`
Period End Date	20180331
Filing Date	20180430
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	xrm-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 40 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
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.14M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.25M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.81M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$82.47M	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`	$76.63M	USD	Point-in-time
Inventories, net	`InventoryNet`	$76.65M	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`	$74.72M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.34M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	16.37M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	16.41M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$13.69M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.84M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$15.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$199.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$195.26M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$281.44M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$282.38M	USD	Point-in-time
Goodwill	`Goodwill`	$67.18M	USD	Point-in-time
Goodwill	`Goodwill`	$64.78M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$5.66M	USD	Point-in-time
Intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$5.96M	USD	Point-in-time
Non-current deferred tax asset	`DeferredIncomeTaxAssetsNet`	$11.20M	USD	Point-in-time
Non-current deferred tax asset	`DeferredIncomeTaxAssetsNet`	$10.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.36M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.21M	USD	Point-in-time
Total assets	`Assets`	$567.85M	USD	Point-in-time
Total assets	`Assets`	$574.24M	USD	Point-in-time
Notes payable	`ShortTermBorrowings`	$8.40M	USD	Point-in-time
Notes payable	`ShortTermBorrowings`	$8.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.86M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$51.08M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$64.16M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$10.61M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$9.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$109.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$123.02M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$484.93M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$473.90M	USD	Point-in-time
Liabilities under capital leases	`CapitalLeaseObligationsNoncurrent`	$15.19M	USD	Point-in-time
Liabilities under capital leases	`CapitalLeaseObligationsNoncurrent`	$15.95M	USD	Point-in-time
Non-current deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$13.60M	USD	Point-in-time
Non-current deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$12.90M	USD	Point-in-time
Pension, other post-retirement and post-employment obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$69.20M	USD	Point-in-time
Pension, other post-retirement and post-employment obligations	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$68.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.94M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$9.33M	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, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 1,000,000 shares authorized; no shares outstanding as of March 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 20,000,000 shares authorized; 16,413,179 and 16,367,743 shares outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$16.00K	USD	Point-in-time
Common stock, $0.001 par value, 20,000,000 shares authorized; 16,413,179 and 16,367,743 shares outstanding as of March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$16.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$432.49M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$432.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-455.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-457.71M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-105.13M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-111.26M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-128.14M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-136.47M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$574.24M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$567.85M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$126.08M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$119.87M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$72.24M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$78.84M	USD	1 Quarter
Selling	`SellingExpense`	$15.68M	USD	1 Quarter
Selling	`SellingExpense`	$15.67M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$13.10M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.42M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.74M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.57M	USD	1 Quarter
Restructuring	`RestructuringSettlementAndImpairmentProvisions`	$3.16M	USD	1 Quarter
Restructuring	`RestructuringSettlementAndImpairmentProvisions`	$824.00K	USD	1 Quarter
Costs and expenses	`OperatingCostsAndExpenses`	$110.01M	USD	1 Quarter
Costs and expenses	`OperatingCostsAndExpenses`	$105.25M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$16.07M	USD	1 Quarter
(Loss) income from operations	`OperatingIncomeLoss`	$14.62M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-12.77M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-13.26M	USD	1 Quarter
Other components of net periodic pension cost	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$266.00K	USD	1 Quarter
Other components of net periodic pension cost	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$361.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-25.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.12M	USD	1 Quarter
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$532.00K	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.57M	USD	1 Quarter
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-153.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.68M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.34M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.83M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.23M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.36M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.81M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.18	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.40M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.15M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.15M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.66M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-2.83M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.23M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$355.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$531.00K	USD	1 Quarter
Depreciation	`Depreciation`	$7.82M	USD	1 Quarter
Depreciation	`Depreciation`	$7.95M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$273.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$307.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$932.00K	USD	1 Quarter
Deferred financing cost amortization	`AmortizationOfFinancingCosts`	$899.00K	USD	1 Quarter
Foreign exchange (gain) loss on revaluation of debt	`ForeignExchangeLossGainOnRevaluationOfDebt`	$-84.00K	USD	1 Quarter
Foreign exchange (gain) loss on revaluation of debt	`ForeignExchangeLossGainOnRevaluationOfDebt`	$627.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-204.00K	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$10.00K	USD	1 Quarter
Gain on disposition of property and equipment	`GainLossOnDispositionOfAssets`	$57.00K	USD	1 Quarter
Gain on disposition of property and equipment	`GainLossOnDispositionOfAssets`	$49.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-25.00K	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$41.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$305.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.15M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.58M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.14M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$956.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-783.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.39M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.34M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.78M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.33M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.79M	USD	1 Quarter
Deferred and other long-term liabilities	`IncreaseDecreaseInDeferredLiabilities`	$-833.00K	USD	1 Quarter
Deferred and other long-term liabilities	`IncreaseDecreaseInDeferredLiabilities`	$-940.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.16M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.22M	USD	1 Quarter
Capital expenditures	`PaymentsForCapitalImprovements`	$2.51M	USD	1 Quarter
Capital expenditures	`PaymentsForCapitalImprovements`	$5.29M	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$216.00K	USD	1 Quarter
Proceeds from disposals of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$88.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.07M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.42M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$40.48M	USD	1 Quarter
Proceeds from borrowings	`ProceedsFromIssuanceOfDebt`	$31.13M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebt`	$22.51M	USD	1 Quarter
Principal payments on debt	`RepaymentsOfLongTermDebt`	$29.69M	USD	1 Quarter
Payment of financing fees	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Payment of financing fees	`PaymentsOfFinancingCosts`	$170.00K	USD	1 Quarter
Payment of obligations under capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.52M	USD	1 Quarter
Payment of obligations under capital leases	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.42M	USD	1 Quarter
Employee taxes paid on equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$59.00K	USD	1 Quarter
Employee taxes paid on equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.14M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.09M	USD	1 Quarter
Effect of exchange rate changes on cash flows	`EffectOfExchangeRateOnCashAndCashEquivalents`	$92.00K	USD	1 Quarter
Effect of exchange rate changes on cash flows	`EffectOfExchangeRateOnCashAndCashEquivalents`	$529.00K	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.67M	USD	1 Quarter
Net decrease in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.35M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.14M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.25M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.81M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.25M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.81M	USD	Point-in-time

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