10-Q Filing

DOUGLAS DYNAMICS, INC CIK: 1287213 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-005828`
Period End Date	20160331
Filing Date	20160510
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	plow-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 41 Cash Flow Statement 53

Balance Sheet 67 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`	$24.20M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.39M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.39M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.50M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.84M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.39M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$67.71M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.50M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$28.96M	USD	Point-in-time
Inventories	`InventoryNet`	$51.58M	USD	Point-in-time
Inventories	`InventoryNet`	$73.73M	USD	Point-in-time
Refundable income taxes paid	`IncomeTaxesReceivable`	$433.00K	USD	Point-in-time
Refundable income taxes paid	`IncomeTaxesReceivable`	$4.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$6.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$6.15M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.30M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$169.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$159.97M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$42.42M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$42.64M	USD	Point-in-time
Goodwill	`Goodwill`	$160.93M	USD	Point-in-time
Goodwill	`Goodwill`	$160.93M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$127.65M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$125.92M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$3.50M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$2.71M	USD	Point-in-time
Total assets	`Assets`	$503.17M	USD	Point-in-time
Total assets	`Assets`	$492.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.25M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$16.91M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$25.55M	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`	$28.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$41.73M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$6.66M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$6.77M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$10.64M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$10.84M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$54.93M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$55.58M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$182.21M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$182.51M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.21M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.00M	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,501,640 and 22,387,797 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$225.00K	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,501,640 and 22,387,797 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$224.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$141.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$142.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$64.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$64.83M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.26M	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`	$-6.68M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$200.55M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$200.50M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$503.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$492.74M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$48.79M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$53.89M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$34.66M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$37.45M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.13M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$10.91M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$11.42M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$1.73M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$1.90M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$3.12M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$1.49M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-2.45M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-2.87M	USD	1 Quarter
Litigation proceeds	`GainLossRelatedToLitigationSettlement`	$10.05M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-64.00K	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`	$8.61M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$220.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.33M	USD	1 Quarter
Net income	`ProfitLoss`	$5.28M	USD	1 Quarter
Net income	`ProfitLoss`	$383.00K	USD	1 Quarter
Less net income attributable to participating securities	`ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic`	$5.00K	USD	1 Quarter
Less net income attributable to participating securities	`ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic`	$70.00K	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$378.00K	USD	1 Quarter
Net income attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.21M	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.25M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.42M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.42M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.27M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	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`	$0.24	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.22	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$-271.00K	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$5.28M	USD	1 Quarter
Net income	`ProfitLoss`	$383.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.06M	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`	$183.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$167.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.21M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.12M	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$-9.00K	USD	1 Quarter
Provision for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$58.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$2.23M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$642.00K	USD	1 Quarter
Earnout liability	`BusinessAcquisitionContingentConsiderationEarnoutExpense`	$66.00K	USD	1 Quarter
Earnout liability	`BusinessAcquisitionContingentConsiderationEarnoutExpense`	$232.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-38.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-36.95M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$24.66M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$22.14M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.43M	USD	1 Quarter
Prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.81M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$499.00K	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-8.64M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-6.00M	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$976.00K	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-857.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$18.55M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$11.33M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.25M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.17M	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$7.93M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.19M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.17M	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`	$5.36M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$475.00K	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$475.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.54M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.84M	USD	1 Quarter
Change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-3.40M	USD	1 Quarter
Change in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$11.55M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$24.20M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$48.39M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$36.84M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$20.80M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$36.84M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$24.20M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$48.39M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$36.84M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$20.80M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$36.84M	USD	Point-in-time

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