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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| Operating activities | ||
| Net income | $ 383us-gaap_ProfitLoss | $ 1,575us-gaap_ProfitLoss |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation and amortization | 3,055us-gaap_DepreciationDepletionAndAmortization | 2,279us-gaap_DepreciationDepletionAndAmortization |
| Inventory step up of acquired business included in cost of sales | 1,956plow_BusinessCombinationInventoryStepUpIncludedInCostOfSales | |
| Amortization of deferred financing costs and debt discount | 167us-gaap_AmortizationOfFinancingCostsAndDiscounts | 190us-gaap_AmortizationOfFinancingCostsAndDiscounts |
| Stock-based compensation | 1,124us-gaap_ShareBasedCompensation | 1,022us-gaap_ShareBasedCompensation |
| Provision for losses on accounts receivable | 58us-gaap_ProvisionForDoubtfulAccounts | 76us-gaap_ProvisionForDoubtfulAccounts |
| Deferred income taxes | 2,228plow_DeferredIncomeTaxNoncashExpenseBenefit | 1,302plow_DeferredIncomeTaxNoncashExpenseBenefit |
| Earnout liability | 232plow_BusinessAcquisitionContingentConsiderationEarnoutExpense | 136plow_BusinessAcquisitionContingentConsiderationEarnoutExpense |
| Changes in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable | 36,953us-gaap_IncreaseDecreaseInAccountsReceivable | 28,777us-gaap_IncreaseDecreaseInAccountsReceivable |
| Inventories | (24,661)us-gaap_IncreaseDecreaseInInventories | (18,902)us-gaap_IncreaseDecreaseInInventories |
| Prepaid and other assets and refundable income taxes | (3,809)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (1,318)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Accounts payable | 499us-gaap_IncreaseDecreaseInAccountsPayable | (2,761)us-gaap_IncreaseDecreaseInAccountsPayable |
| Accrued expenses and other current liabilities | (6,002)us-gaap_IncreaseDecreaseInAccruedLiabilities | (1,931)us-gaap_IncreaseDecreaseInAccruedLiabilities |
| Benefit obligations and other long-term liabilities | (857)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities | (221)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities |
| Net cash provided by operating activities | 11,326us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 10,224us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Investing activities | ||
| Capital expenditures | (1,254)us-gaap_PaymentsToAcquireProductiveAssets | (1,290)us-gaap_PaymentsToAcquireProductiveAssets |
| Acquisition | (7,931)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | |
| Net cash used in investing activities | (9,185)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (1,290)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Financing activities | ||
| Shares withheld on restricted stock vesting paid for employees' taxes | (27)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation | (69)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation |
| Dividends paid | (5,034)us-gaap_PaymentsOfDividendsCommonStock | (4,893)us-gaap_PaymentsOfDividendsCommonStock |
| Short-term borrowings (repayments), net | (13,000)us-gaap_ProceedsFromRepaymentsOfLinesOfCredit | |
| Repayment of long-term debt | (475)us-gaap_RepaymentsOfLongTermDebt | (288)us-gaap_RepaymentsOfLongTermDebt |
| Net cash used in financing activities | (5,536)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (18,250)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Change in cash and cash equivalents | (3,395)us-gaap_NetCashProvidedByUsedInContinuingOperations | (9,316)us-gaap_NetCashProvidedByUsedInContinuingOperations |
| Cash and cash equivalents at beginning of period | 24,195us-gaap_CashAndCashEquivalentsAtCarryingValue | 19,864us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | $ 20,800us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 10,548us-gaap_CashAndCashEquivalentsAtCarryingValue |
| X | ||||||||||
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- Definition
Represents the earnout expenses related to acquisition of business. No definition available.
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| X | ||||||||||
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- Definition
Amortization inventory step up. No definition available.
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| X | ||||||||||
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- Definition
The noncash component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations. No definition available.
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- Details
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| X | ||||||||||
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- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) in cash associated with the entity's continuing operating, investing, and financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. No definition available.
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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