10-Q Filing

DOUGLAS DYNAMICS, INC CIK: 1287213 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-004327`
Period End Date	20180331
Filing Date	20180508
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	plow-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 36 Cash Flow Statement 54

Balance Sheet 70 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`	$12.94M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.70M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.88M	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	22.59M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$41.13M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.70M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$79.12M	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	22.59M	shares	Point-in-time
Inventories	`InventoryNet`	$71.52M	USD	Point-in-time
Inventories	`InventoryNet`	$94.92M	USD	Point-in-time
Inventories - truck chassis floor plan	`TruckFloorPlanInventoriesNet`	$4.55M	USD	Point-in-time
Inventories - truck chassis floor plan	`TruckFloorPlanInventoriesNet`	$7.71M	USD	Point-in-time
Refundable income taxes paid	`IncomeTaxesReceivable`	$2.00K	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.88M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$156.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$198.11M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$53.96M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$52.91M	USD	Point-in-time
Goodwill	`Goodwill`	$241.01M	USD	Point-in-time
Goodwill	`Goodwill`	$241.01M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$186.15M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$183.28M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$6.73M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$5.95M	USD	Point-in-time
Total assets	`Assets`	$685.18M	USD	Point-in-time
Total assets	`Assets`	$640.64M	USD	Point-in-time
Total assets	`Assets`	$651.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.32M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$18.05M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$21.00M	USD	Point-in-time
Floor plan obligations	`FloorPlanObligations`	$7.71M	USD	Point-in-time
Floor plan obligations	`FloorPlanObligations`	$4.55M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.75M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$32.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$80.78M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$6.91M	USD	Point-in-time
Retiree health benefit obligation	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$6.81M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$9.76M	USD	Point-in-time
Pension obligation	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$9.82M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$39.27M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$41.02M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$274.39M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$274.87M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$16.25M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$17.00M	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,700,991 and 22,590,897 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$226.00K	USD	Point-in-time
Common Stock, par value $0.01, 200,000,000 shares authorized, 22,700,991 and 22,590,897 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$227.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$147.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$148.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$108.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$115.74M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.75M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.57M	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`	$-6.71M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$251.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$256.68M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$685.18M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$640.64M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$72.25M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$83.96M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$55.06M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$63.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.03M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$16.15M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$14.88M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.87M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.75M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-439.00K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$1.01M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-3.94M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-5.30M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-203.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-236.00K	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.97M	USD	1 Quarter
Income before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.14M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-1.26M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$-2.69M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.88M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.28M	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.62M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.53M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.53M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.62M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.27	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`	$0.27	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.24	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.31M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.05M	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.88M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.49M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.70M	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`	$304.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.35M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.42M	USD	1 Quarter
Provision (benefit) for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$128.00K	USD	1 Quarter
Provision (benefit) for losses on accounts receivable	`ProvisionForDoubtfulAccounts`	$182.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$1.75M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxNoncashExpenseBenefit`	$773.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-40.19M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-36.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$25.27M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$27.49M	USD	1 Quarter
Prepaid assets, refundable income taxes and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.20M	USD	1 Quarter
Prepaid assets, refundable income taxes and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.11M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-208.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.17M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-5.95M	USD	1 Quarter
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-1.60M	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$282.00K	USD	1 Quarter
Benefit obligations and other long-term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$234.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.27M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.28M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.31M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.31M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.31M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.31M	USD	1 Quarter
Shares withheld on restricted stock vesting paid for employees' taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$23.00K	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`	$6.10M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.50M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$30.79M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$789.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.91M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.63M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.66M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.94M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$12.94M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$36.88M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.95M	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`	$36.88M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$12.94M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$36.88M	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`	$18.61M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$36.88M	USD	Point-in-time
Truck chassis inventory acquired through floorplan obligations	`InventoryAcquiredThroughFloorplanObligations`	$12.25M	USD	1 Quarter
Truck chassis inventory acquired through floorplan obligations	`InventoryAcquiredThroughFloorplanObligations`	$7.30M	USD	1 Quarter

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