10-Q Filing

DOUGLAS DYNAMICS, INC CIK: 1287213 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001558370-15-000731`
Period End Date	20150331
Filing Date	20150505
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	plow-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 40 Cash Flow Statement 53

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.20M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.36M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.80M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.28M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.86M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$60.92M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$23.91M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.28M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.36M	shares	Point-in-time
Inventories	`InventoryNet`	$48.25M	USD	Point-in-time
Inventories	`InventoryNet`	$70.95M	USD	Point-in-time
Refundable income taxes paid	`IncomeTaxesReceivable`	$3.99M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$7.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$5.72M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.16M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$142.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$126.77M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$37.65M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$37.55M	USD	Point-in-time
Goodwill	`Goodwill`	$160.96M	USD	Point-in-time
Goodwill	`Goodwill`	$160.96M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$133.11M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$135.01M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.48M	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$2.69M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$1.92M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$2.49M	USD	Point-in-time
Total assets	`Assets`	$463.67M	USD	Point-in-time
Total assets	`Assets`	$480.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.25M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$20.68M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$33.67M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$642.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.63M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.69M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$6.77M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$6.88M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$12.12M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$12.32M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$49.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$50.80M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$186.47M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$186.06M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.16M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.05M	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,361,447 and 22,282,628 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$224.00K	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,361,447 and 22,282,628 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$223.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$139.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$138.27M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$36.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$40.83M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.03M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-862.00K	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.68M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-849.00K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$169.08M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$173.29M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$463.67M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$480.44M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$53.89M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$36.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$22.27M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$37.45M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.12M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$11.42M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$8.34M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$1.46M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$1.90M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.12M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.33M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-2.45M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-1.97M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-18.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-60.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$603.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.34M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$220.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$768.00K	USD	1 Quarter
Net income	`ProfitLoss`	$383.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.57M	USD	1 Quarter
Less net income attributable to participating securities	`ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic`	$23.00K	USD	1 Quarter
Less net income attributable to participating securities	`ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic`	$5.00K	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.55M	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$378.00K	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.10M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.25M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.12M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.27M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.22	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$-271.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.59M	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$383.00K	USD	1 Quarter
Net income	`ProfitLoss`	$1.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.28M	USD	1 Quarter
Inventory step up of acquired business included in cost of sales	`BusinessCombinationInventoryStepUpIncludedInCostOfSales`	$1.96M	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$190.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$167.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.12M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.02M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$76.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$58.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$1.30M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$2.23M	USD	1 Quarter
Earnout liability	`BusinessAcquisitionContingentConsiderationEarnoutExpense`	$136.00K	USD	1 Quarter
Earnout liability	`BusinessAcquisitionContingentConsiderationEarnoutExpense`	$232.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-28.78M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-36.95M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$18.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$24.66M	USD	1 Quarter
Prepaid and other assets and refundable income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.81M	USD	1 Quarter
Prepaid and other assets and refundable income taxes	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.32M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.76M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$499.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.93M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-6.00M	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-857.00K	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-221.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$11.33M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.22M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.29M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.25M	USD	1 Quarter
Acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$7.93M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.29M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.19M	USD	1 Quarter
Shares withheld on restricted stock vesting paid for employees' taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$69.00K	USD	1 Quarter
Shares withheld on restricted stock vesting paid for employees' taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$27.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.03M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$4.89M	USD	1 Quarter
Short-term borrowings (repayments), net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-13.00M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$288.00K	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$475.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.54M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-18.25M	USD	1 Quarter
Change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-9.32M	USD	1 Quarter
Change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-3.40M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$20.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.86M	USD	Point-in-time

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