10-Q Filing

DOUGLAS DYNAMICS, INC CIK: 1287213 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-004005`
Period End Date	20170331
Filing Date	20170509
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	plow-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 41 Cash Flow Statement 51

Balance Sheet 69 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`	$7.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.84M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.50M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.59M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.50M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.59M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$41.87M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$78.59M	USD	Point-in-time
Inventories	`InventoryNet`	$70.87M	USD	Point-in-time
Inventories	`InventoryNet`	$98.36M	USD	Point-in-time
Inventories - truck chassis floor plan	`TruckFloorPlanInventoriesNet`	$6.94M	USD	Point-in-time
Inventories - truck chassis floor plan	`TruckFloorPlanInventoriesNet`	$3.94M	USD	Point-in-time
Refundable income taxes paid	`IncomeTaxesReceivable`	$5.41M	USD	Point-in-time
Refundable income taxes paid	`IncomeTaxesReceivable`	$1.54M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.89M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$164.04M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$176.44M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$52.14M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$51.71M	USD	Point-in-time
Goodwill	`Goodwill`	$238.29M	USD	Point-in-time
Goodwill	`Goodwill`	$238.29M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$194.85M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$192.10M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.08M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$4.46M	USD	Point-in-time
Total assets	`Assets`	$651.21M	USD	Point-in-time
Total assets	`Assets`	$666.17M	USD	Point-in-time
Total assets	`Assets`	$486.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.13M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$19.12M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$27.32M	USD	Point-in-time
Floor plan obligations	`FloorPlanObligations`	$3.94M	USD	Point-in-time
Floor plan obligations	`FloorPlanObligations`	$6.94M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.83M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.39M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$7.31M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$7.19M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$10.18M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$9.76M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$54.56M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$55.34M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$306.73M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$306.24M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.27M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$15.65M	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,590,897 and 22,501,640 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$225.00K	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,590,897 and 22,501,640 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$226.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$144.52M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$145.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$82.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$73.61M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.71M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.67M	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`	$-6.18M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$220.46M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$212.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$651.21M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$666.17M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$72.25M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$48.79M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$34.66M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$55.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$14.13M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$15.06M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$10.91M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.75M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$1.73M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-618.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$1.49M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-5.30M	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`	$-57.00K	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.97M	USD	1 Quarter
Income (loss) before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.61M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$3.33M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.69M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.28M	USD	1 Quarter
Less net income (loss) attributable to participating securities	`ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic`	$70.00K	USD	1 Quarter
Less net income (loss) attributable to participating securities	`ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic`	$-44.00K	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAllocatedToCommonStockholdersBasic`	$5.21M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAllocatedToCommonStockholdersBasic`	$-3.23M	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.42M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.53M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.42M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.53M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.23	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`	$0.24	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`	$0.24	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$4.20M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.31M	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.28M	USD	1 Quarter
Net income (loss)	`NetIncomeLossAvailableToCommonStockholdersBasic`	$5.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.11M	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$303.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$183.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.35M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.21M	USD	1 Quarter
Provision (benefit) for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$-9.00K	USD	1 Quarter
Provision (benefit) for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$128.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$642.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$773.00K	USD	1 Quarter
Earnout liability	`BusinessAcquisitionContingentConsiderationEarnoutExpense`	$66.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-38.75M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-36.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$22.14M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$27.49M	USD	1 Quarter
Prepaid assets, refundable income taxes and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.11M	USD	1 Quarter
Prepaid assets, refundable income taxes and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.43M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.17M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.60M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-8.64M	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$282.00K	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$976.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.27M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$18.55M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.17M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.31M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.31M	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`	$923.00K	USD	1 Quarter
Payments of financing costs	`PaymentsOfFinancingCosts`	$932.00K	USD	1 Quarter
Earnout payment	`EarnoutPayment`	$-5.49M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.50M	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`	$789.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-13.63M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-5.84M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.66M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.55M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.95M	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`	$18.61M	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`	$7.95M	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`	$18.61M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$36.84M	USD	Point-in-time
Truck chassis inventory acquired through floorplan obligations	`InventoryAcquiredThroughFloorplanObligations`	$12.25M	USD	1 Quarter

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